So long and thanks for all the fish

From CNBC:

Tax bill will slash by half the number of homeowners using the mortgage deduction

The number of homeowners who will benefit from the mortgage tax break is expected to plummet this year by more than half, according to a congressional report released on Monday.

About 13.8 million taxpayers will be able to claim the mortgage-interest deduction in 2018, down from more 32.3 million in 2017, estimates from the Joint Committee on Taxation show. That’s about a 57 percent drop.

Already, the deduction was not used by most taxpayers. Of the 150 million or so tax returns the IRS has received annually in recent years, just 20 percent claimed the deduction, according to research from the Urban Brookings Tax Policy Center.

The anticipated drop is largely due to the near-doubling of the standard deduction that took effect Jan. 1 under the new tax law. Fewer taxpayers are expected to itemize their deductions, which is the only way to take advantage of the tax break for interest paid on mortgages.

The new report estimates that 18 million households will itemize deductions this year, down from 46.5 million last year.

Taxpayers would need deductions worth more than the standard deduction for itemizing to make financial sense. And with few deductions left for taxpayers to turn to, that threshold will be a harder hurdle to clear.

This entry was posted in Mortgages, National Real Estate, Politics. Bookmark the permalink.

261 Responses to So long and thanks for all the fish

  1. grim says:

    See, Murphy fixed everything, times are so good we all get raises now!

    Best.Governor.Ever

    NJ state workers poised for pay raises but at what cost to taxpayers?

    The largest state employee union is poised to win salary increases and back pay from Democratic Gov. Phil Murphy, who was elected in November with union support and has promised workers friendlier relations than his predecessor.

    The total cost of the deal to taxpayers is not yet clear, but it could cost tens of millions of dollars for pay raises now and the future cost of retirement benefits, which are based on salaries.

    In addition, labor groups representing a few thousand additional state employees without a contract are expected to look to the agreement for guidance in their own negotiations, which come as Murphy is trying to sell his proposed $37.4 billion budget to lawmakers and the public.

  2. Leftwing says:

    First with an lol

  3. dentss dunnigan says:

    Unhappy with the new 10K PT deduction Murphy pushes his fake charity scheme .Unwilling to lose his 200K property tax deduction and take the standard deduction like the rest of the unwashed Jersey taxpayers he saved the day for his 1% pals …

  4. AJ says:

    The lack of CWA contract with the state has been pretty bad.

    Employees have gone without a any pay raise for over 3 years.

    In that scenario it is very difficult to keep good young talent.

    Unfortunately workers were stuck between a governor and a union, neither who would compromise.

  5. leftwing says:

    CBS local reporting that Murphy is looking to raise sales tax without a decrease in gas tax, reversing the quid pro quo of the gas tax passage.

    Take your guidance from Stockman, taxes are like weeds. Unless one is totally eradicated it usually grows back larger.

  6. D-FENS says:

    The law, when passed, stated that the gas tax would have to be lowered if anyone raised the sales tax.

    What would anyone do if he just ignores this provision? Sue?

    leftwing says:
    April 24, 2018 at 8:45 am
    CBS local reporting that Murphy is looking to raise sales tax without a decrease in gas tax, reversing the quid pro quo of the gas tax passage.

    Take your guidance from Stockman, taxes are like weeds. Unless one is totally eradicated it usually grows back larger.

  7. nwnj says:

    That was covered by the star lib last week. The vote can be rigged to overturn the sales tax cut.

  8. 3b says:

    If you losers don’t like high taxes than leave!! Murphy is going to make NJ great again!!

  9. Grim says:

    No raise in 3 years?

    Wow, welcome to the real world.

  10. Hold my beer says:

    2003 debt = wealth

    2018 high taxes = wealth

  11. chicagofinance says:

    Gas tax was stupidly low……. as long as tax is funneled directly to roads and bridges, then what is the concern…..

  12. Juice Box says:

    re: CWA – they are getting retroactive raises, that does not exist in the private sector.

    The deal is already inked.

    http://www.cwa1038.org/PDF_Files/CWAStateWorkerTASummary.pdf

  13. The Great Pumpkin says:

    Ahh, someone finally gets it!

    3b says:
    April 24, 2018 at 9:13 am
    If you losers don’t like high taxes than leave!! Murphy is going to make NJ great again!

  14. JCer says:

    F murphy and f the unions. The state is broke….if you don’t like your current wages find a different work. If he wasn’t such a tool he’d at least consider how he’s going to pay for the raises and new contract.

  15. The Great Pumpkin says:

    Come on, stuff needs to be paid. People need to grow the f up and start paying taxes in this country based on everything that to be fixed and maintained. Right now, taxes are stupid low in this country on an historical scale, yet still the conservative minions want less and less taxes.

    Of course these hypocrites are the first to call 911 when they run into a problem, or take advantage of state magnet schools like expat. Don’t use these services if you want lower taxes. Stop creating a demand for it, you hypocrites.

    leftwing says:
    April 24, 2018 at 8:45 am
    CBS local reporting that Murphy is looking to raise sales tax without a decrease in gas tax, reversing the quid pro quo of the gas tax passage.

    Take your guidance from Stockman, taxes are like weeds. Unless one is totally eradicated it usually grows back larger.

  16. No One says:

    Hedge fund managers flee redistributionist schemes in Connecticut
    https://www.ft.com/content/3bffaf1c-3e35-11e8-b9f9-de94fa33a81e
    The politicians grasping for their “fair share” of someone else’s earnings discover how little value they provide these mobile businesses, and end up waving goodbye.

  17. 3b says:

    Jcer Jersey oozes wealth everybody makes enormous sums of money. We can all afford to pay whatever taxes are deemed necessarily to live here. If it’s a problem we have planes, trains , and ships so hop on one of them and leave! There is no room for your negatively here.

  18. Fast Eddie says:

    A stoned populace and free college. Everyone who voted for the governor is a mooch and a louse, what do they care?

  19. No One says:

    Punkin’s understanding of everything is “stupid low,” not taxes.
    You think it’s mostly top income people creating demand for Medicaid, food stamps, and the Trenton bureaucracy? You’re even dumber than everyone already thinks.
    The reason that government costs grow so much is that they think they have a us captive, and can get away with it. Short term yes, long term, no.

  20. The Great Pumpkin says:

    You are so greedy. It’s all yours! We know! Have endless amounts of money coming your way that you can’t even spend, but god forbid you give back and help the less fortunate in life by paying taxes and making society better for all. .

    No One says:
    April 24, 2018 at 9:44 am
    Punkin’s understanding of everything is “stupid low,” not taxes.
    You think it’s mostly top income people creating demand for Medicaid, food stamps, and the Trenton bureaucracy? You’re even dumber than everyone already thinks.
    The reason that government costs grow so much is that they think they have a us captive, and can get away with it. Short term yes, long term, no.

  21. The Great Pumpkin says:

    Greedy di!k that rather run and hide with all his money than help out the society that has provided so much for him.

    Will this guy even come close to spending 10% of his money in his life. Why is he gripping money he will never spend so tight?

    No One says:
    April 24, 2018 at 9:37 am
    Hedge fund managers flee redistributionist schemes in Connecticut
    https://www.ft.com/content/3bffaf1c-3e35-11e8-b9f9-de94fa33a81e
    The politicians grasping for their “fair share” of someone else’s earnings discover how little value they provide these mobile businesses, and end up waving goodbye.

  22. Grim says:

    It’s cute that Macron brought his mom to the US.

  23. LurksMcGee says:

    Eddie,

    I am no mooch or louse. However, I’m betting on the marijuana sector heavily. Here’s what I’m HOPING (or at least tell myself that after knowing what I’ve voted for).

    Within 2 years, rec weed gets passed in NJ. Revenue from said industry helps create jobs/gives people opportunity to NOT be mooches and louses. Now here’s the stretch…….the people with new found purpose/jobs are able to help their offspring make good decisions towards alcohol/weed. Less people being lazy.

    At the end of they day, my investments set aside a sizeable chunk for the future and roll that into a more stable investment vehicle.

    Then again, I could just be an idiot dreamer instead of looking at the reality that is this state.

  24. Very Stable Genius says:

    @IronStache

    After Ben Carson became HUD Secretary, Sean Hannity got $5 million worth of new HUD guaranteed loans to purchase discounted and foreclosed properties.

    We should use HUD money to help low income renters.
    Not to help @seanhannity make a quick buck.

  25. The Great Pumpkin says:

    Biggest moochers in society are the people worth millions or billions that lobby the govt for tax cuts for themselves or they avoid paying taxes by coming up with schemes to hide their money in off shore accounts. Better yet, some use their power and wealth to blackmail local govt into giving them unfair tax breaks on the basis that they will pick up and leave.

    These my friend are by far the biggest moochers in America and our President is one of the biggest. God knows how much money the tax payers of America have given trump in his life. City of NYC gave him 160 million alone on his first big deal in nyc real estate during the 80’s.

    You cry about the salary and pension of a govt worker, but ignore pigs like trump. Maybe ignore is the wrong word, you praise pigs like trump while crying about Obama phones.

    Fast Eddie says:
    April 24, 2018 at 9:43 am
    A stoned populace and free college. Everyone who voted for the governor is a mooch and a louse, what do they care?

  26. 3b says:

    Grim I know love is love but Macron and his wife story is bizarre. It even raised eyebrows in France! Just saying!

  27. 3b says:

    Pumps maybe Wayne and Paterson can merge and you can do your bit to help. You have to start somewhere!!

  28. Juice Box says:

    Grim – beard? Rumors anyway. Hot for teacher is one thing but she was 40, married with three kids when he was only 15.

  29. Fast Eddie says:

    Pumpkin Head,

    You need a battery for your bama phone? Okay, how about a biscuit?

  30. Fast Eddie says:

    Moana P.ussy,

    In December of 2013, Vice President Biden and his son Hunter flew aboard Air Force Two to China. Ten days after the trip, a subsidiary of the Bank of China named Bohai Capital signed an exclusive deal with Hunter Biden’s firm to form a $1 billion joint-investment fund called Bohai Harvest RST. The deal was later increased to $1.5 billion.

  31. 3b says:

    10 year treasury hits 3 percent!

  32. 3b says:

    Juice it’s disturbing in my opinion. I wonder if she waited until he was 18 to do the act?

  33. The Great Pumpkin says:

    Just another conservative hypocrite. Cries about govt spending and taxes, yet here he is profiting off of it.

    Very Stable Genius says:
    April 24, 2018 at 10:13 am
    @IronStache

    After Ben Carson became HUD Secretary, Sean Hannity got $5 million worth of new HUD guaranteed loans to purchase discounted and foreclosed properties.

    We should use HUD money to help low income renters.
    Not to help @seanhannity make a quick buck.

  34. 3b says:

    Had to be tough on her first husband. My wife left me for a 15 year old!!

  35. 3b says:

    Pumps so you ignore the Briden post?

  36. Blue Ribbon Teacher says:

    No raise in 3 years?

    Wow, welcome to the real world.

    Not the biggest fan of state workers because I feel a lot those positions shouldn’t exist but the reality is, it’s closer to 10 years of no raises.

  37. Blue Ribbon Teacher says:

    And my thing is, do people honestly expect to attract talent to a profession like teaching when you can go 1/3 of your career without ever seeing a dollar more in take home? There is all kinds of waste that can be identified before we start talking about more pay cuts.

  38. Grim says:

    In the new private sector, if you want a raise you find a new job. You don’t see a salary increase just because.

  39. Juice Box says:

    ugh comments go to mod to easily, I added a few stars to words….

    3B – His parents thought he was da*tin*g her daughter, when they found out it was the mom they pulled him out of the school and sent him off to another school far away, in the biography the parents are quoted as saying “she was his lo*v*er”.

    Anyway somehow he returns at the age of 29 when she was now 54 years old and marries her, this was 11 years ago, and his political career began he became President 10 years later.

    I would say a decade ago at almost 30 year old man came back for his drama teacher beard as a front for his political aspirations.

    Buck heck they are French, they pretend to dislike the rich, but in reality, they really really dislike the poor.

    Reminds me of our resident soci*al*ist Pumpkin who continually rails against the rich but won’t shop in downtown Paterson either.

  40. Bystander says:

    BRT,

    You think it is any different in private? I know people 7 years without a raise..and guess what? If they get one, it is not retroactive either. It is called leaving to find another job if you feel underpaid.

  41. The Great Pumpkin says:

    No morals in that class of society. Hence, why they are filthy rich. Can’t accrue massive wealth with morals Are these the people ayn rand placed on a pedestal?

    “In December of 2013, Vice President Biden and his son Hunter flew aboard Air Force Two to China. Ten days after the trip, a subsidiary of the Bank of China named Bohai Capital signed an exclusive deal with Hunter Biden’s firm to form a $1 billion joint-investment fund called Bohai Harvest RST. The deal was later increased to $1.5 billion.”

  42. The Great Pumpkin says:

    That’s why the private sector should give unions a chance again. It’s that, or get walked all over as an individual worker. Stupidity to sit at a negotiation table with no ability to negotiate, pure stupidity.

    Smarten up, people!

    Grim says:
    April 24, 2018 at 10:36 am
    In the new private sector, if you want a raise you find a new job. You don’t see a salary increase just because.

  43. 3b says:

    Juice bizarre story. I would say Macron has issues to say the least! 25 year age difference is disturbing in my opinion and the same goes if it was the other way around. The French are not happy with his policies to date and he won’t be reelected in my opinion.

    Pumps is the classic phony liberal. Pretends to care for the poor but will not live with them.

  44. The Great Pumpkin says:

    To support the poor, I have to live amongst them? Wtf is that? I want to help them, but I don’t want to live like them or amongst them.

  45. Bystander says:

    Hunter Biden makes Donald Von Beanhead Trump II look like a saint. What a sleazy family. His wife divorces him because he is sleeping with prostitute, stripper and basically anything with a pulse. He then starts dating his dead brothers wife. Sick. Where is Maddow on this story? We need to clear the whole political arena of any families with generationak govt. ties

  46. The Great Pumpkin says:

    They should make all wages public. This way, the worker has somewhat of a shot at negotiating a better wage.

    It’s a scam to not make this information public. How the hell can you negotiate a price without knowing the market rates?

    I don’t know how they do it… The wealthy get the workers to hate unions, and at the same time, make it taboo to talk about what you make. God, they have the avg worker brainwashed to go against their own interests.

  47. 3b says:

    Pumps but yet you complain that the wealthy are greedy for not paying more and yet they already pay the most even with their shelters and loopholes. You want to help but don’t want to live amongst them? Perhaps you can set an example by living among them and showing them how it is done.

  48. The Great Pumpkin Hypocrite says:

    Taxes are stupid low and need to go higher but I complain about paying 12,000 when the government says to pay up. It is the cost of living in this premium society in NJ like the hypocrite that I am.

  49. 3b says:

    Pumps well why don’t you start with your own employer? What are you doing to change the situation? You scream about they ? Aren’t you part of the they? Again lead by example!

  50. 3b says:

    Pumps if your taxes are too low then make a contribution to the town of Wayne or Paterson? If you want to pay more than make a donation. Again lead by example instead of howling at the moon.

  51. Californicator says:

    Eat a diiiiick Eddie

  52. Bystander says:

    Pumps is so quick and smart and talented that he can spend all day posting here yet be so valuable that they give him 12% pay raise. Believable?

  53. JCer says:

    Classic liberals. I’m not a fan of anyone who proudly claims to blindly support any ideology. But liberals are bad, they claim to care about the poor but really don’t they just want the government to make them go away. Most liberals have serious disdain for the poor. Liberals always want other people to pay more taxes….but never want to pay more themselves. Liberals claim to be in support of minorities yet most hardcore liberals seem condescending towards minorities and are secretly more racist than regular working class folks. Basically 80% of all people who classify themselves as liberals are hypocrites at best. They are even more hypocritical than the religious right.

  54. No One says:

    From Milton Friedman on why government as economic middleman is so inefficient:
    “There are four ways in which you can spend money. You can spend your own money on yourself. When you do that, why then you really watch out what you’re doing, and you try to get the most for your money. Then you can spend your own money on somebody else. For example, I buy a birthday present for someone. Well, then I’m not so careful about the content of the present, but I’m very careful about the cost. Then, I can spend somebody else’s money on myself. And if I spend somebody else’s money on myself, then I’m sure going to have a good lunch! Finally, I can spend somebody else’s money on somebody else. And if I spend somebody else’s money on somebody else, I’m not concerned about how much it is, and I’m not concerned about what I get. And that’s government. And that’s close to 40% of our national income.”

  55. Fast Eddie says:

    Essex,

    Did you find a job yet?

  56. Californicator says:

    11:18 year long break baby – Not really looking

  57. The Great Pumpkin says:

    On the issue of lack of raises.

    What kind of companies are not giving raises? It goes against capitalism. How the hell do you get quality work without providing an incentive to work hard. If I stay at a place of employment that is not providing raises in 7 years, why would I continue to work hard in this situation. After 7 years of no raises, I would imagine a totally unproductive workplace. The owners of those businesses are creating a perfect environment for their business to fail. How do you not reward good work and stay in business?

  58. The Great Pumpkin says:

    And how do they attract new employees? If I get a new job, and fellow workers are telling me that they have not received a raise in 7 years, why would I waste another minute of my life working here?

  59. Californicator says:

    Work is highly overrated

  60. AJ says:

    Private sector employers have the ability to pay a good employee more to retain them.(match outside offer)
    An employee also also has the ability to walk into their bosses office and ask for a raise.
    These tools are not available to a CWA employee.

    Grim says:
    April 24, 2018 at 10:36 am
    In the new private sector, if you want a raise you find a new job. You don’t see a salary increase just because.

  61. Yo! says:

    New Jersey housing stats released a few minutes ago. House price increases accelerated in March. Year to date, house prices rose 4.6% compared to last year.

    Hudson County led the way again at +13.7%. Salem County getting uglier with prices declining 34.6%.

  62. 3b says:

    Jcer That is exactly what I have been saying about so called liberals for years . They are hypocrites. I listen to people who proudly proclaim they are liberal and love everybody and in the same breath belittle blue collar working class people and some of their cultural norms and then complain when low income housing is being built in their town as it will hurt their property values.

  63. Californicator says:

    11;35 You generalizations are moronic. No one belittles working people. You seem overly class conscious and possibly a trouser troller like your buddy Gary.

  64. 3b says:

    Yo. I am seeing asking price reductions in my town. Things appears to be moving but I don’t see any kind of frenzy.

  65. The Great Pumpkin says:

    Question, who has provided investment in our economy’s most productive assets and products. That’s right, govt sponsored research and investment. If we relied on shrewd private businessmen to fund advancements in technology, we would be at least a 100 years behind in technology.

    Why? Profit drives the notion to make more money, not advance technology. An efficient capitalist will protect his market from competitors so the result is as little investment in new technology as possible to maintain current position. Investing in research and development is a risk most capitalists do not want to take unless they have to.

    Also, when it comes to infrastructure. Do we expect business to invest in infrastructure on their own? They don’t invest in anything that doesn’t help their profit. Do you really expect businesses to invest in infrastructure and share in their investments with all of a society? Nope. They will change this said investment into a passive income generating asset. They can’t do anything for others, only things that create profit for themselves.

    No One says:
    April 24, 2018 at 11:14 am
    From Milton Friedman on why government as economic middleman is so inefficient:
    “There are four ways in which you can spend money. You can spend your own money on yourself. When you do that, why then you really watch out what you’re doing, and you try to get the most for your money. Then you can spend your own money on somebody else. For example, I buy a birthday present for someone. Well, then I’m not so careful about the content of the present, but I’m very careful about the cost. Then, I can spend somebody else’s money on myself. And if I spend somebody else’s money on myself, then I’m sure going to have a good lunch! Finally, I can spend somebody else’s money on somebody else. And if I spend somebody else’s money on somebody else, I’m not concerned about how much it is, and I’m not concerned about what I get. And that’s government. And that’s close to 40% of our national income.”

  66. 3b says:

    Calif Believe what you want. I have seen and heard it multiple times. I hear it among friends and acquaintances I know as in oh that town is real blue collar they don’t care about education there are vans parked in the driveway looks really shabby. I could go on. As for you go back to sunning yourself or finding yourself or whatever it is you are doing out there.

  67. The Great Pumpkin says:

    Honestly, you think the internet could have been developed without the Federal govt? How about all the medical discoveries? How about the interstate highway system? Just a few examples.

  68. The Great Pumpkin says:

    Evidence?

    3b says:
    April 24, 2018 at 11:38 am
    Yo. I am seeing asking price reductions in my town. Things appears to be moving but I don’t see any kind of frenzy.

  69. D-FENS says:

    It doesn’t go to roads directly. It goes to debt service.

    chicagofinance says:

    April 24, 2018 at 9:23 am

    Gas tax was stupidly low……. as long as tax is funneled directly to roads and bridges, then what is the concern…..

  70. D-FENS says:

    You’re not all wrong…

    Californicator says:

    April 24, 2018 at 11:37 am

    11;35 You generalizations are moronic. No one belittles working people. You seem overly class conscious and possibly a trouser troller like your buddy Gary.

  71. 3b says:

    Pumps I posted a balanced comment. No doom and gloom no rah rah cheerleading. I am not here to provide the resident doofus evidence. Take the comment or leave it. I don’t care.

  72. The Great Pumpkin says:

    Like I thought, pure bs from 3b.

    Okay, buddy, I’ll take your word for it(sarcasm).

  73. 3b says:

    Defens they were observations on my part over many years. Take them or leave them.

  74. 3b says:

    Pumps pure bs? So there can be no reductions in asking prices because pumps says so ?? Talk about BS!!

  75. Libturd questioning the gender of Hillary's Cankle fluid. says:

    How do you not reward good work and stay in business?

    My workplace has been incredibly stingy in the past 4 or 5 years. I no longer get raises. But I’m paid pretty well, so I can get by. All of the excesses are flowing to the top in the corporate world. And the greatest tax breaks and loopholes are available to the top. It’s a sh1tty situation to say the least and it will absolutely destroy this country sooner, rather than later. But paying public servants more is not doing anything to fix this problem. And from an availability of discretionary dollars weighting, the upper middle class will continue to pay the greatest to keep the rich in their place. We have no choice but to fight against the only enemy that we can beat. You can’t beat the government over this issue when it’s been bought by the highest bidders.

    NOW DO YOU GET IT?

  76. Libturd questioning the gender of Hillary's Cankle fluid. says:

    “No doom and gloom no rah rah cheerleading. I am not here to provide the resident doofus evidence.”

    I didn’t get my number for my multi. Heck, I didn’t even get realtors low number to generate a bidding war. There’s your evidence dolt! It comes off the market tomorrow. Back to profiting off of my sweat equity.

  77. 3b says:

    According to Zillow Its a buyers market in Wayne price temperature cool. This is as of February 2018 of course it’s probably sizzling hot now!! Although there are currently 150 plus single family homes for sale as of today. Hopefully that will be enough for all the demand I am sure we will see!!

  78. Bystander says:

    Jcer,

    For someone who espouses no idealogy, you sure espouse an idealogy. The whole political system is hypocritical. Humans are hypocritical by nature. Either get off the hamster wheel Captain Fantastic style or we suck it up that there is one party- the one who spends your money to further their own wealth. The rest is bs devisive rhetoric. If everyone pulled the lever to oust incumbents, regardless of party, each election cycle, you would see a very different system. I did that locally this past election. Felt great, changed nothing.

  79. 3b says:

    Lib any thoughts on why you did not see the expected results? You may have posted your thoughts already on that but I missed them.

  80. chicagofinance says:

    JJ is alive and well…..see headline…

    H0rny monkeys that will sleep with anything have created a new species

  81. 3b says:

    Bystander they are all bad I have been saying that for years but the American people refuse to see it. The respective parties throw raw meet into the arena and have the little people go at it all the while each party pretending they care.

  82. chicagofinance says:

    dude….you have no idea who he is….. you have no right to direct any comments to him……… he is pure ability, drive and ambition with no help….. you are sludge….

    The Great Pumpkin says:
    April 24, 2018 at 9:50 am
    You are so greedy. It’s all yours! We know! Have endless amounts of money coming your way that you can’t even spend, but god forbid you give back and help the less fortunate in life by paying taxes and making society better for all. .

    No One says:
    April 24, 2018 at 9:44 am
    Punkin’s understanding of everything is “stupid low,” not taxes.
    You think it’s mostly top income people creating demand for Medicaid, food stamps, and the Trenton bureaucracy? You’re even dumber than everyone already thinks.
    The reason that government costs grow so much is that they think they have a us captive, and can get away with it. Short term yes, long term, no.

  83. chicagofinance says:

    Can’t get blood from a stone…….. marijuana versus alcohol and spirits…… they will go toe to toe…….

    LurksMcGee says:
    April 24, 2018 at 10:11 am
    Eddie,

    I am no mooch or louse. However, I’m betting on the marijuana sector heavily. Here’s what I’m HOPING (or at least tell myself that after knowing what I’ve voted for).

    Within 2 years, rec weed gets passed in NJ. Revenue from said industry helps create jobs/gives people opportunity to NOT be mooches and louses. Now here’s the stretch…….the people with new found purpose/jobs are able to help their offspring make good decisions towards alcohol/weed. Less people being lazy.

    At the end of they day, my investments set aside a sizeable chunk for the future and roll that into a more stable investment vehicle.

    Then again, I could just be an idiot dreamer instead of looking at the reality that is this state.

  84. chicagofinance says:

    A lot of those people kept working with full benefits through 2008, 2009, 2010, 2011……. a great number of people in the private sector were given -100% raises…….

    Blue Ribbon Teacher says:
    April 24, 2018 at 10:28 am
    No raise in 3 years?

    Wow, welcome to the real world.

    Not the biggest fan of state workers because I feel a lot those positions shouldn’t exist but the reality is, it’s closer to 10 years of no raises.

  85. chicagofinance says:

    can’t have it both ways ….. job security and great compensation?

  86. The Great Pumpkin says:

    Not enough evidence for me. If you got your number, how much appreciation would you have seen since you bought? Can’t tell me that your home would not sell in under a day with 600 or even 650 k handle.

    Remember, you bought in 2004 in the 400 range and are now asking close to the 700 range.

    Libturd questioning the gender of Hillary’s Cankle fluid. says:
    April 24, 2018 at 12:00 pm
    “No doom and gloom no rah rah cheerleading. I am not here to provide the resident doofus evidence.”

    I didn’t get my number for my multi. Heck, I didn’t even get realtors low number to generate a bidding war. There’s your evidence dolt! It comes off the market tomorrow. Back to profiting off of my sweat equity.

  87. chicagofinance says:

    with the amount of suffering in 2008 & 2009, I think you have a short memory for how tone deaf a good deal of them were……

  88. The Great Pumpkin says:

    2004 was almost peak bubble…

  89. chicagofinance says:

    in 2018 you are peak a55hole

  90. chicagofinance says:

    I thought you went out there for a job?

    Californicator says:
    April 24, 2018 at 11:20 am
    11:18 year long break baby – Not really looking

  91. The Great Pumpkin says:

    Since, he is making a ton of money “all on his own,” he should pay less taxes and get to keep even more of his money?

    His ability to profit has nothing to do with the infrastructure in our society? It does, and that’s why he should help pay for the educational and infrastructure investment so that others can be given the same opportunity, just like he was given.

    Why is it bad that society asks for more payments from its most successful citizens? I don’t get it. Dude is making more than a million dollars a year, but can’t fork over a higher percentage of his income to help society on the basis that he believes the money is wasted?

    A million dollars a year, and can’t hekp anyone, but himself….ayn rand would be proud.

    chicagofinance says:
    April 24, 2018 at 12:16 pm
    dude….you have no idea who he is….. you have no right to direct any comments to him……… he is pure ability, drive and ambition with no help….. you are sludge….

  92. joyce says:

    CDC, in Surveys It Never Bothered Making Public, Provides More Evidence That Plenty of Americans Innocently Defend Themselves with Guns

    https://reason.com/blog/2018/04/20/cdc-provides-more-evidence-that-plenty-o

  93. chicagofinance says:

    He is making many other people rich too and providing a public service…… if he wasn’t so good at what he does, he would be sh!tcanned in an instant……. good pay in 2017 guarantees nothing…… hard for you to understand, yes? His position was created by raw ability, dedication, and focused production, and he functions at a world class level…… STFU before you sink deeper……

    The Great Pumpkin says:
    April 24, 2018 at 12:33 pm
    Since, he is making a ton of money “all on his own,” he should pay less taxes and get to keep even more of his money?

    His ability to profit has nothing to do with the infrastructure in our society? It does, and that’s why he should help pay for the educational and infrastructure investment so that others can be given the same opportunity, just like he was given.

    Why is it bad that society asks for more payments from its most successful citizens? I don’t get it. Dude is making more than a million dollars a year, but can’t fork over a higher percentage of his income to help society on the basis that he believes the money is wasted?

    A million dollars a year, and can’t hekp anyone, but himself….ayn rand would be proud.

    chicagofinance says:
    April 24, 2018 at 12:16 pm
    dude….you have no idea who he is….. you have no right to direct any comments to him……… he is pure ability, drive and ambition with no help….. you are sludge….

  94. The Great Pumpkin says:

    Is he not getting paid for this? He’s getting paid rather well for his effort. You think it’s not enough, that he needs a tax cut because what he is currently making (take home) is not enough?

    chicagofinance says:
    April 24, 2018 at 12:42 pm
    He is making many other people rich too and providing a public service…… if he wasn’t so good at what he does, he would be sh!tcanned in an instant……. good pay in 2017 guarantees nothing…… hard for you to understand, yes? His position was created by raw ability, dedication, and focused production, and he functions at a world class level…… STFU before you sink deeper……

  95. Californicator says:

    12:31 Not me ChiFi….not me. I ‘retired’ temporarily. It’s lovely, May I add.

  96. Bystander says:

    Blump,

    Your naivety in the job market is astounding. Companies don’t pay more because they have cheaper options for labor and our government firmly supports those options. Want to outsource entire back office? Welcome Infosys or Tata. Want to move jobs offshore to India or LatAm? Grim is your man. If you read his posts then your question would be unnecessary. Read instead of posting incessantly.

  97. Californicator says:

    11:57 Plus. You can pay a public servant more and they still won’t be in the middle tier earnings wise in many places. They and others should probably get a living wage, but then again it all depends on your idea of ‘living’. Many people think $100k is the bare min to live in Northern NJ and Southern CA but there are many many people not coming anywhere close to that number. Someone has to actually have a job that pays that or you have to have some way of coming up with that income by selling/doing something. I admit it, I’m spoiled. But so are a lot of us. Used to money just flowing in. My issue with Unions is that often they will encourage complete sloth as they Unionized workforce knows that once they have seniority they are almost untouchable.

  98. Californicator says:

    And then as Jaime Dimon said today: “There is no shortage of statistics that illustrate the reality that, too often, the benefits of economic growth have been unevenly shared: While U.S. unemployment may be at a 10-year low, many communities struggle with rates that are multiple times the national average. Seventy percent of kids ages 17 to 24 can’t get into the US military because of poor health or education. Clearly, just because parts of the country are doing well does not mean every part is doing well.”

  99. Blue Ribbon Teacher says:

    A lot of those people kept working with full benefits through 2008, 2009, 2010, 2011……. a great number of people in the private sector were given -100% raises…….

    Muncipal workers should have steady numbers for employment, no major raises during upturns, no pay decreases during downturns. Just a flat set raise each year based on some type of inflation. They don’t get to share in the propserity or the misery. If you operated schools like the economy, we would have laid off all of our teachers in 2008 and shoved 100 kids in each class.

  100. The Great Pumpkin says:

    So why doesn’t this model apply to ceo’s and other executives? They can’t find anyone cheaper, or they willingly pay more?

    Do other nations practice sending away their citizens jobs to feed the executive and investor class? No morals or values…. scumbags.

    Bystander says:
    April 24, 2018 at 12:54 pm
    Blump,

    Your naivety in the job market is astounding. Companies don’t pay more because they have cheaper options for labor and our government firmly supports those options. Want to outsource entire back office? Welcome Infosys or Tata. Want to move jobs offshore to India or LatAm? Grim is your man. If you read his posts then your question would be unnecessary. Read instead of posting incessantly.

  101. Blue Ribbon Teacher says:

    But paying public servants more is not doing anything to fix this problem. And from an availability of discretionary dollars weighting, the upper middle class will continue to pay the greatest to keep the rich in their place. We have no choice but to fight against the only enemy that we can beat. You can’t beat the government over this issue when it’s been bought by the highest bidders.

    So how many years of no pay increases should they have to endure before it’s acceptable? Because 10 is not good enough.

  102. The Great Pumpkin says:

    Dimon article is great. He understands.

    Listen, don’t want the govt to redistribute the money through taxes, fine, then you have to do it yourself. Bottom line, someone has to do it, or the economy will be horrible in the long term. Great to see a corporation investing in the community it serves as opposed to forcing the govt to do it for them.

    “That means private enterprise must view societal challenges as business challenges and leverage what makes us successful to solve them. For our part at JPMorgan Chase, we are putting our capital and expertise to work by investing $20 billion over the next five years to support our employees and local communities. We are increasing our lending to the small businesses that are the distributed power grid of economic opportunity, expanding our branch network to serve more communities and employ more people, and accelerating lending for affordable housing. We’re also increasing wages and benefits for our employees and boosting our philanthropic investments by 40 percent. That means we will target $1.75 billion in philanthropic capital toward driving inclusive growth in communities around the world by 2023.

    The private sector does not have all the answers – and true progress will be possible only through collaboration – but business must lead by example and step in where we have resources and expertise to offer. If we come together, I am profoundly optimistic that we can solve our biggest challenges and help dramatically more people get on a path to a better life. Let’s get to work.”

    http://www.businessinsider.com/jamie-dimon-the-benefits-of-economic-growth-have-been-unevenly-shared-2018-4

  103. The Great Pumpkin says:

    Wow, great series of articles from business insider on fixing this economy so it works for everyone.

    Article nails it….. “choice” …not a law of capitalism.

    “Over the past few decades, the US economy has undergone a profound change.

    This change has helped rich Americans get richer. But it has also contributed to growing income inequality and the decline of the middle class. In so doing, it has fueled populist anger across the political spectrum and slowed the growth of the economy as a whole.

    What is this change?

    The embrace of the idea that the only mission of companies is to maximize short-term profit for shareholders.

    Talk to some people in the money management business, and they’ll proclaim that this is a law of capitalism. They’ll also cite other supposed laws of capitalism, including the idea that employees are “costs” and competent managers should minimize these costs by paying employees as little as possible.

    But these practices aren’t actually laws of capitalism.

    They’re choices.

    They’re choices that arose out of the shareholder activism movement that began in the early 1980s – a movement that was reasonable and necessary back then but has since been taken too far.

    And they’re choices we should revisit if we want to restore a sense of fairness and opportunity to reinvigorate our economy.

    Not long ago, America’s corporate owners and managers made different choices – choices that were better for average Americans and the economy. These managers and owners also had a profoundly different understanding of their responsibilities.”

    http://www.businessinsider.com/henry-blodget-better-capitalism-1-2018

  104. You didn't build that says:

    “The liberal agenda’s favors seduce the people a little at a time, always playing on their regressive longings to be indulged.

    Favor by favor, accompanied by the constant drumbeat of entitlement propaganda, the otherwise intelligent citizen is led to an increasingly erroneous conception of the proper role of government in a free society.

    Like a child molester, the liberal politician grooms his constituents until their natural cautions against yielding power in exchange for favors dissolves in reassurance.”

  105. 3b says:

    Pumps so now you are concerned about the middle class and in the same breath cheer high housing prices and taxes as the price for living in this uber successful area?

  106. The Great Pumpkin says:

    No one, do you understand this? Ayn rand ignores the consumer/employee part of the equation.

    “To be clear: There’s nothing necessarily wrong with some hedge fund managers making $500 million a year – or a president being worth a self-reported $10 billion. Capitalism is the best economic system known to man, and the “profit motive” helps drive it.

    The problem is that when capitalism is practiced the way it is today, wealth becomes so concentrated that much of it doesn’t get spent. Billionaires and centimillionaires can hire only so many service providers and purchase only so many cars, houses, and islands. Their spending accounts for only a tiny fraction of the spending in the economy.

    Economists cite many factors that have contributed to the rise of profits and decline of wages over the past few decades – globalization, the “skills gap,” the decline of unions, the loss of “high-paying manufacturing jobs.”

    These trends are real, but they obscure the real cause: Company owners are choosing to maximize short-term profit by paying their employees as little as possible.

    It’s time for a more balanced approach.”

  107. The Great Pumpkin says:

    I’m going try and explain this for you at a simple level you can understand. Low tax areas suck for economic activity (aka your ability to gain wealth) because there is lack of investment in said society. Since so much less wealth is re-invested in these low tax areas, there is a significant lack of opportunity to make money. Redistribution is a needed aspect of any capitalist based economy that wants to grow long term.

    What this means. No one wants to pay taxes, but the economies of high tax states are so much stronger than low tax states because so much more money is redistributed back into the local economy so that it can grow.

    Does this make sense to you? It’s probably still too complicated for you to grasp.

    3b says:
    April 24, 2018 at 1:38 pm
    Pumps so now you are concerned about the middle class and in the same breath cheer high housing prices and taxes as the price for living in this uber successful area?

  108. 3b says:

    Pumps you are still a contradictory moron. It’s so easy to prove time and time again!!

  109. JCer says:

    It not about ideology it is about effectiveness over ideology. For somethings the government is more effective than the private sector but by and large Milton Friedman was right there is no concern with how much money is spent and what they get for it. i’m not even necessarily against a raise for the union workers it’s just the optics and the circumstances, where murphy is basically repaying the unions for political favors.

  110. JCer says:

    Pumpkin you are missing it, it is not the “investment” that spurs the activity. You have it backwards, it is the economic activity that provides the excesses that attract the opportunist politicians. Progressive policies are all but impossible in areas of lower economic activity, the only reason they exist here is because the economy is big enough that even after paying all the taxes people are still materially better off, the low tax areas implementing the policies we have in NYC won’t result in growth only in nearly total depopulation, bankruptcy and an eventual ghetto.

  111. JCer says:

    Pumps thinks the politicians are “investing” in our society. Lets call a spade a spade, these are power brokers using tax dollars as a personal piggy bank trading government funds for political capital….the disturbing this is this happens on both sides.

  112. D-FENS says:

    Microdosing is the future

    chicagofinance says:
    April 24, 2018 at 12:18 pm
    Can’t get blood from a stone…….. marijuana versus alcohol and spirits…… they will go toe to toe…….

  113. The Great Pumpkin says:

    Jcer,

    It’s about balance. Having an individual accrue funny money does nothing for the economy long term. Taking money out of the rich’s hands (and this won’t hurt their lifestyle one bit as they get the money back long term in economic growth) and putting it back into consumers that are tapped out, gives the economy an immediate boost as these individuals can now drive real demand with whatever they spend it on. This is how an economy grows.

    Letting money concentrate at ridiculous levels in the hands of a few is exactly how you destroy long term economic growth. How will new demand be driven in this scenario? How many Netflix accounts can a few individuals subscribe to? I could understand if the wealthy had a place to invest this excess money, but it’s not the case. Look at how low rates are, due to too much money chasing a limited amount of investments. There is no reward for investments when they are not needed. You have to create a need from consumer purchases, but if the consumer is tapped out, how will they purchase and drive economic growth?

  114. The Great Pumpkin says:

    So when a politician gives workers a raise, the money is being invested in the consumer who will likely spend every penny. Their “extra” spending will spark economic growth.

    You can’t apply this to extremes either. Remember, it’s about balance. So giving these workers extreme raises would hurt, just like giving them too little will hurt too. Have to find that opitimum balance between the employee, consumer, shareholders, and owners when it comes to profit.

  115. JCer says:

    They’ll never get the uber wealthy people’s money. You and I are paying for it period, realize how few people in the USA have huge fortunes. They would need to collect an awful lot more from the mega rich to make a dent, it isn’t happening. Taking a few grand from every person in the upper middle class is both easier politically and more effective for raising the tax revenue they want.

  116. Very Stable Genius says:

    @ianbremmer

    Ages 18-29.

    % who trust following to do the right thing all/most of the time

    Military 51%
    Supreme Court 43%
    FBI 42%
    UN 40%
    President 22%
    Congress 17%
    Media 16%
    Wall St 12%

    Harvard Institute of Politics

    #UsVsThem #TheFailureOfGlobalism

  117. Libturd questioning the gender of Hillary's Cankle fluid. says:

    Here’s the scenario at my workplace. Due to the nature of our business, our work is extremely cyclical with huge peaks of massive workloads and long valleys of nothing. Our huge peaks really haven’t shrunk that much in the labor needed to perform our functions. But due to so much competition in our industry fighting to survive, pricing is being impacted negatively. So we are performing as much work as we ever have, but for much less than it used to return. So in turn, we lay off more and more workers and try to flex our labor by utilizing technology, temp labor, overtime, etc. This past week, nearly everyone on my team worked 80 hours. We are in peak. My hourly workers will get a double sized check. The salaried workers, will get a hefty thank you and maybe will get their bonus in lieu of a raise next year since bonuses are not incremental. The workers? They’ll get their 1 – 2 percent increase. The executives? They’ll get massive bonuses. This is how it works today. You need to get your head out of your butt Pumps. And at the end of the year, that 1 to 2 percent increase will be eaten up and then some by, increase in gas tax, increase in sales tax, increase in tolls, increase in transit costs, increase in parking, increase in beach passes, increase in property tax, increase in income tax. So what can we do? Everyone of these increases goes to pay for more and more government workers with steady 3% raises and little incentive to produce more than the next guy. Should I join the government? Perhaps hang out in a 50 million dollar salt shed? Perhaps get scolded by my coworkers for working too hard and making them look bad? It’s really not a terrible option, but soon, the gravy train is going to run out. You can see it in NJ. It will happen in the next ten years. NJ will have to beg for a federal bailout. I can’t wait for it. Hopefully, I’ll be the F outta here when it happens. Just 6 more years to go!

  118. leftwing says:

    “In December of 2013, Vice President Biden and his son Hunter flew aboard Air Force Two to China. Ten days after the trip, a subsidiary of the Bank of China named Bohai Capital signed an exclusive deal with Hunter Biden’s firm to form a $1 billion joint-investment fund called Bohai Harvest RST. The deal was later increased to $1.5 billion.”

    Guess Joe won one for a son, then lost one. I honestly believe in karma.

  119. Trick says:

    Lib, sounds like we are in the same field of work.

  120. Trick says:

    Don’t forget the stock holders, they always get there dividend

  121. Mike S says:

    This is why it pays to own equities.

    [i]
    Trick says:
    April 24, 2018 at 3:22 pm

    Don’t forget the stock holders, they always get there dividend
    [/i]

  122. Libturd questioning the gender of Hillary's Cankle fluid. says:

    As for why the house didn’t sell.

    4 reasons (I am guessing, 1 being most likely)

    1. No one is interested in owning 2 family properties, or not, at least, at the price I am asking. In light of the massive amounts of apartment buildings going up every which way you look. Why would you want to deal with the issues of a home?

    2. I did absolutely nothing to sell it. My realtor said, would you want to sell it if I could get you 700K? I said, “Sure, but I’ve got no bandwidth at this time of the year to help.” I did lay down some mulch and patched some cement outside. So I invested about $700 into it.

    3. There was absolutely no curb appeal. House needs a painting, badly. It’s 70 year old aluminum siding, so it’s faded terribly. Half the windows are new and half are old (I am slowly replacing them). There’s some asbestos in unused areas of the basement (boiler room). Both bathrooms need refurbishing. Etc. This long Winter didn’t help the curb appeal either. There are 100’s of perennials that are about to come up and bloom which make the barren landscape absolutely the opposite. The lady who owned the house before us had a part time gardner hired as it was so filled with gardens. I continued the tradition, but with much easier to care for plants. We even have blueberry bushes. But, right now. We have a lot of dying twigs with small buds on them.

    4. Most people are clueless when it comes to finance. Even at $675, the place makes for a decent investment. You could find some cheaper. But they aren’t nearly as nice, maintained, or near the train station.

    $675 was the right price. I probably could have sold it for that, but I’d rather take the long term profits. For that extra 25 or 50K, though. I would have let her go. Not as many suckers as there used to be. Perhaps we are approaching an RE top?

  123. 3b says:

    Lib well nothing ventured nothing gained. Good analysis though as always. It will be interesting to see what impact the new tax law will have on prices this year.

  124. Libturd questioning the gender of Hillary's Cankle fluid. says:

    I hope I’m wrong on the tax issue and didn’t miss the top, but NO offers? Not even with the lower taxes than our neighbors? On the bright side, it is still spinning off nearly $1,000 in profit a month. That’s really not bad considering the 15 year mortgage is being paid in full by the tenants.

  125. Libturd questioning the gender of Hillary's Cankle fluid. says:

    Though, there is one potential buyer who is waffling right now. Will put in offer on Friday. Then it’s off the market and time to find a renter so I don’t lose any rental income for May. It’s paid for through the 11th. Ahh, to be a landlord.

  126. The Original NJ ExPat says:

    And holds it for 2 minutes!

    10 year treasury hits 3 percent!

  127. The Original NJ ExPat says:

    Let us know if they find any bigger confirmations than Hillary commissioned the dossier for $12 million, pushed it to the media and Congress who laughed at it (except for McCain and Reid), and finally pushed it to the FBI who used it to lie to the FISA court to get a warrant to spy on Trump. Now those are some confirmations.

    And another piece of the Steele Dossier gets confirmed.

  128. 3b says:

    Ex true. But it’s going that way!

  129. 3b says:

    Lib perhaps you did. But $1000.00 a month is a nice little annuity to have coming in every month. And once its paid for even better!! You did quite well!!

  130. The Original NJ ExPat says:

    Sometimes boys fall in love with the first hallway down which they throw their hot dog. Interesting that he didn’t marry her until he was 29. My bet is that she can still tie a cherry stem in multiple not formations with her tongue.

    It’s cute that Macron brought his mom to the US.

  131. The Original NJ ExPat says:

    knot formations.

  132. The Original NJ ExPat says:

    Plus it would grow well even outside in hot as hell South Jersey.

    Within 2 years, rec weed gets passed in NJ. Revenue from said industry helps create jobs/gives people opportunity to NOT be mooches and louses.

  133. The Original NJ ExPat says:

    You can read this whole blog so fast by just scrolling past the Pumpkin posts without reading tem. You can even precisely tell what extant pattern of lunacy he is currently displaying by the succinct replies to his oft repeated themes.

  134. homeboken says:

    The Great Pumpkin says:
    April 24, 2018 at 11:47 am
    Honestly, you think the internet could have been developed without the Federal govt? How about all the medical discoveries? How about the interstate highway system? Just a few examples.

    Quick answer is yes to all the above – Any and all of these scenarios could have been funded and achieved by private enterprise. I would wager they would have done so at a lower cost and higher quality.

    Regarding wages/raises – If you want a raise take control of your life and get a job that is based on your performance. Put that salary on the shelf and take a commission based job. Eat what you kill. I have to tell you that it is really nice knowing that I control my ability to earn. There is never a question at the end of the year whether the boss man will bless me with a bonus or whether corporate has eliminated it from the budget. Close a deal/make a sale/get paid. Basic risk/reward, you want to be paid like a big shot, then produce some revenue. Until then, you can sit in the back office and whine while you post to internet blogs all day.

  135. 30 year realtor says:

    Montclair is the hottest real estate spot in NJ outside Hudson County. Why didn’t Lib’s house sell? Like all homes that don’t sell when listed, seller would not accept market value.

  136. 30 year realtor says:

    Have you ever tried reading without the ex-pat posts?

  137. chicagofinance says:

    If you microdosed for 10 years I expect you would get pancreatic and/or kidney and/or liver cancer…….

    D-FENS says:
    April 24, 2018 at 3:01 pm
    For your reference

    http://www.iflscience.com/brain/i-microdosed-with-lsd-for-a-month-and-this-is-what-it-did-to-me/

  138. chicagofinance says:

    People used to be concerned about frying your brain…… how about frying the parts of the body that metabolize the sh!t to get it out of your system?

  139. joyce says:

    http://www.nj.com/news/index.ssf/2018/04/watch_video_shows_pa_commissioner_telling_cops_to.html#incart_2box_nj-homepage-featured

    What a piece of work that (former) commissioner is… I actually love the sarcasm from the cop at the end.

  140. The Original NJ ExPat says:

    A live without humor, intellect, or perspective (beyond their own) might suit some people. Realtors, perhaps. A college degree isn’t for everyone.

    Have you ever tried reading without the ex-pat posts?

  141. The Original NJ ExPat says:

    30 year – The owner of that build lot in Glen Rock has *just* put their house on the market, sans build lot. I’d give you the lead if you hadn’t turned so dickish. Try to get it yourself, but don’t be surprised if they already know your name when you knock on the door.

  142. The Original NJ ExPat says:

    I figured out who you are from an Ironbound listing many years ago.

  143. The Great Pumpkin says:

    Then why did govt investment beat them to the punch? Riddle me this….

    Almighty private sector investment beat to the punch by public sector investment. Now ask yourself why? Balance is needed. Low taxes and small govt can’t solve the world’s problems, otherwise every govt would be using it right now. Just look at the state economies that shun public spending and see how well their economies are doing in comparison to the tax and spend states.

    “Quick answer is yes to all the above – Any and all of these scenarios could have been funded and achieved by private enterprise. I would wager they would have done so at a lower cost and higher quality.”

  144. Libturd says:

    “Like all homes that don’t sell when listed, seller would not accept market value.”

    Or maybe, Montclair’s not as hot as everyone says it is. But I won’t disagree that I didn’t accept market value. It was my realtor who guaranteed me it would sell for over 700K. We were never sure it would. In retrospect, not a big deal either way. We now know what our place is worth.

  145. The Great Pumpkin says:

    No doubt!

    From an individual perspective, what you state absolutely holds true. From a population analysis, what you state is full of sh!t. Reality is, that if everyone works hard, there will still be the same amount of losers, just losers that worked hard for nothing. That’s what capitalism teaches the losers in life, why work so hard if you won’t be able to beat the winning class. Who can blame them for giving up and not even wasting their time trying to win when they know they don’t have a realistic chance. Pretty smart. It’s knowing your ability and not taking on foolish challenges.

    Btw, I’m doing fine. I’m not the one complaining about my compensation or job.

    “Regarding wages/raises – If you want a raise take control of your life and get a job that is based on your performance. Put that salary on the shelf and take a commission based job. Eat what you kill. I have to tell you that it is really nice knowing that I control my ability to earn. There is never a question at the end of the year whether the boss man will bless me with a bonus or whether corporate has eliminated it from the budget. Close a deal/make a sale/get paid. Basic risk/reward, you want to be paid like a big shot, then produce some revenue. Until then, you can sit in the back office and whine while you post to internet blogs all day.“

  146. The Great Pumpkin says:

    Lib, I still think you could get 700k with the right buyer. Someone that can’t afford 700k and needs the rental income to gain access to the Montclair market.

  147. 30 year realtor says:

    Oh my goodness ex pat knows my true identity! Ex pat thinks he is my intellectual superior.

    Guess I really got under your skin?

  148. D-FENS says:

    Is that better or worse than smoking weed?

    chicagofinance says:

    April 24, 2018 at 6:20 pm

    If you microdosed for 10 years I expect you would get pancreatic and/or kidney and/or liver cancer…….

  149. Yo! says:

    https://www.bloomberg.com/news/articles/2018-04-25/why-high-flying-u-s-home-prices-are-about-to-get-another-jolt

    If the value of a home isn’t going up today, there is a serious problem with the home or the neighborhood it is in.

  150. Nomad says:

    JCer says:
    April 24, 2018 at 11:10 am

    Your comments are not out of line but if you think it’s just the D’s that have issues, you are naive. Its both sides of the trade and people are so worked up supporting their team, they are oblivious to the shortcomings of their own side. Part of the problem is independent thinking is dead and its not just the populace, if you are part of the system, you are required to tow the line. While many get whipped up into a frenzy and lash out at one another, Rome burns.

    Lib, your comments about wage increases not going to end well when do you think well is coming, next couple of years? Why not dump the multi, seems like in a year or two, rates will be high enough you could get nice CF by putting into some type of 5+ year fixed income instrument without any landlord headaches.

    Chi, can I ask you about the Netflix bond deal from yesterday? How do they sell $1.9B and much is taken by big banks. The coupons don’t seem commensurate with the risk or are the banks going to slice up the bonds and resell & make money from their alchemy. Are there big premiums to be had for this junk if the bank is writing CDS coverage on the bonds? Thank you,

  151. D-FENS says:

    Wanna know what her job was at Port Authority? She was the “Ethics” Chairwoman.

    No wonder people think NJ is backwards and corrupt. This video is being retweeted around the globe.

    joyce says:
    April 24, 2018 at 6:28 pm
    http://www.nj.com/news/index.ssf/2018/04/watch_video_shows_pa_commissioner_telling_cops_to.html#incart_2box_nj-homepage-featured

    What a piece of work that (former) commissioner is… I actually love the sarcasm from the cop at the end.

  152. D-FENS says:

    We may be in the clear though…everyone mistakenly seems to think this happened in NY.

  153. The Great Pumpkin says:

    There’s no going back on current pricing. These prices are the floor now, no doubt about it. The costs for building a new home are simply not going to go down.

    Yo! says:
    April 25, 2018 at 9:32 am
    https://www.bloomberg.com/news/articles/2018-04-25/why-high-flying-u-s-home-prices-are-about-to-get-another-jolt

    If the value of a home isn’t going up today, there is a serious problem with the home or the neighborhood it is in.

  154. 3b says:

    Yeah until they are not. Seen it all before!

  155. The Great Pumpkin says:

    3b,

    You think the cost of building material will come down? No way. It’s like dreaming of a 60,000 house from the 70’s, those prices are never coming back.

  156. 3b says:

    Fast yes another compassionate liberal who has nothing but peace and love in her heart. She is a disgrace and should be ashamed of herself.

  157. 3b says:

    Those prices won’t come back but these prices won’t last.

  158. Fast Eddie says:

    3b,

    She’s quite the looker, thus her anger. She probably looks at Melania and weeps. Speaking of which, Michelle Oblammy “graced” the covers of no less than 30 magazines while Melania has been on a grand total of zero. No, there’s no liberal bias at all. Besides, Michelle is far better looking, right? Why is Trump hated by the left? Because he’s successful, says what he means, does what he says and magnifies every weakness that is the liberal, American male.

  159. The Great Pumpkin says:

    Won’t last? Why?

    So you think current car pricing won’t last? The cost of making a house will not get cheaper, just like the cost of making a car won’t get cheaper.

    3b says:
    April 25, 2018 at 10:42 am
    Those prices won’t come back but these prices won’t last.

  160. The Great Pumpkin says:

    Two different markets and products, but the rules apply.

    Donald Trump is putting a lid on cheap Latino construction workers. Price of building materials will be hit with inflation. Already limited land in the desirable locations. Just no way it goes down, no way. Maybe it goes down in places like Seattle or Texas, but for the majority of the country, these prices are the new floor.

  161. The Great Pumpkin says:

    Housing starts have not kept up with long term demand. Housing might not be affordable till the 2030’s. It’s really fu!ked! Can’t see how it gets cheap again.

  162. No One says:

    Don’t call me miss, call me commissioner.
    Drivers didn’t have a valid registration or insurance card? Police don’t normally let you off for that, or do they?
    Melania is much prettier than Michelle with her muscle shoulder dresses. Probably dumber as well, but at least Melania isn’t trying to overreach and mess up school lunch menus. But the press is focused on never “normalizing” anything Trump by portraying any of them as humans. If she filed for divorce they would give Melania all the covers they have, and would be happy to run her story then.

  163. Juice Box says:

    re: “Ethics Chairwoman”

    Right there in the code. Section E: Unwarranted Privileges….

    http://corpinfo.panynj.gov/documents/Code-of-Ethics-for-Commissioners/

  164. The Original NJ ExPat says:

    30 year – my bad, I don’t usually go off half pumped. Sorry.

    Oh my goodness ex pat knows my true identity! Ex pat thinks he is my intellectual superior.

    Guess I really got under your skin?

  165. LurksMcGee says:

    They definitely tow cars when the registration is invalid. An insurance card, they might let you slide.

    Its this woman’s sense of entitlement that’ll get passed down to her daughter and the cycle continues. SMH

  166. Fast Eddie says:

    Why did I find myself cheering the commissioner on? lol. Maybe because I’ve had to deal with d1ck head cops in the past? Not all are but most have that d0uchebag swagger.

  167. The Original NJ ExPat says:

    Chi – MSCC is behaving better than just about anything else except maybe TBT

  168. Libturd questioning the gender of Hillary's Cankle fluid. says:

    Rajappa said that much of the move higher in yields has been driven by a momentum trade and she sees U.S. growth this year hovering around 2%, which would weigh on long-term inflation expectations given the amount of fiscal stimulus that has been pumped into the U.S. economy by tax cuts and spending increases by Congress.

    Lou Brien, rates strategist at DRW Trading in Chicago, said that the *lack of wage increases for workers has shown no sign of relenting*, as the number of unions remains historically low and employees have limited negotiating power. That means that even as corporate earnings rise, workers have been unable to increase their share of the profits, meaning they have less to spend as consumers.

    People are also taking on more debt, Brien said, with indebtedness rising to its highest levels in years in a number of readings. Consumer spending rose by its fastest pace in more than a year, spurred by increases in consumer credit (up 7.8%) and mortgage borrowing (up 3%). Spending on U.S. general purpose credit cards surged 9.4% last year, to $3.5 trillion, according to industry newsletter Nilson Report.

    *With debt rising and wages not keeping track, consumers will have to make either/or decisions about their spending, making it more difficult for businesses to raise prices.*

  169. LurksMcGee says:

    LOL I actually understand where the cops are coming from. She was not in any position of power with them, except she’s trying to posture and DEMAND special treatment. That’s the quickest way to get on someone’s bad side.

    Had she berated the kids a bit in front of the cops (for effect and not really mean it) and spoken like she’s trying to appeal to the cops, she might’ve received whatever she wanted. The cop has the power. Simply defer to it for the time being to then get whatever you want. Its like a stripper stroking egos to get more dollars.

  170. Bloomberg News says:

    PA Commish…what state plates were on that car, I could not make out…

  171. Libturd questioning the gender of Hillary's Cankle fluid. says:

    I would have threatened to tow the commissioners car as well. If ever there was proof that these transit authorities are patronage mills, right there is your proof. In the private sector, that woman would not be fit to wash cars. In the Port Authority, she is probably making huge decisions neagtively impacting millions of commuters and tens of millions of tax payers. My guess is that her husband is a major political contributor. Should we follow the money?

  172. Fast Eddie says:

    That was eight minutes of entertainment!

  173. Libturd questioning the gender of Hillary's Cankle fluid. says:

    Looks like she wields a huge amount of lobbying power.

    http://www.turnergpa.com/

    How does one get a gig like this?

  174. Juice Box says:

    re: “They definitely tow cars when the registration is invalid”

    Yes but they don’t have to, it all depends on how you act.

    When I moved 5 years ago I did not get the renewal in the mail for my truck (Yes it is my fault but who really keeps track of the month they registered?). A Holmdel PD patrol car with a license plate scanner was parked out by the AT&T Labs campus got a hit on my plate and pulled me over. I rolled down all four windows and used “officer” and treated him with respect. At the time my infant son and his brother were strapped into their car seats in the back, so they said “hi” to the cop too and smiled as kids do when there is something new and exciting happening.

    He said “you know I could have you towed”. I calmly explained my deal and said I would re-register ASAP “Officer”. He wrote me the ticket and sent me on my way. They do have discretion on towing, even the guy with no PBA card or Gold Badge can get “Unwarranted Privilege” if they act appropriately.

  175. Trick says:

    Happened to me twice in the same town.

    1st time the cop was going to let me go until boss pulled up behind us. He told me to park the car and call for a ride.
    2nd time they let me go, after giving me a ticket

  176. Blue Ribbon Teacher says:

    When I bought my new Honda, I didn’t have to renew registration for something like 4 years. So I got out of the habit of doing so. I got pulled over 3 months expired without knowing it. I have a PBA gold family member card. Cop sent me on my way immediately with no ticket.

  177. The Great Pumpkin says:

    Pretty sad that lots of these workers not seeing a raise have been brainwashed to hate unions….. karma!

    Sad that we are seeing record profits and they still won’t share with the workers. Still believe in that supply side economics aka trickle down?

    “Lou Brien, rates strategist at DRW Trading in Chicago, said that the *lack of wage increases for workers has shown no sign of relenting*, as the number of unions remains historically low and employees have limited negotiating power. That means that even as corporate earnings rise, workers have been unable to increase their share of the profits, meaning they have less to spend as consumers.”

  178. LurksMcGee says:

    Oh I know they don’t HAVE to do it.

    I’ve gotten out of SEVERAL close call tickets just being polite, articulate, and having my daughter’s car seat in the back. The most defying one was going the wrong way, down a 1 way outside of a strip club, after drinking all night. Amazingly nice officer. Add into the fact that I’m Black. I’m pretty sure that I’ve managed to use the inverse properties of stereotyping to get out of many close tickets.

    That commissioner was just an a-hole

  179. Libturd questioning the gender of Hillary's Cankle fluid. says:

    I too have politely talked my way out of many a ticket. But never against a female officer. Anyone else have any luck with the opposite gender?

  180. LurksMcGee says:

    Opposite gender might be tough. I can’t recall being pulled over by many female officers.

  181. Libturd questioning the gender of Hillary's Cankle fluid. says:

    It’s my ravishing good looks, I suppose.

  182. Blue Ribbon Teacher says:

    It’s pretty easy to get out of a ticket. You pull over, turn off your car, turn your dome light on, take the keys out and put them on the dashboard, keep your hands on the wheel. When the cop asks you why you were pulled over, you tell the truth and apologize.

    It’s that simple. Everyone who wants to play lawyer and act like they don’t know or refuse to say is just insulting the officer because you do know. And he’s going to win anyway, so you might as well tell the truth.

    And yes, this has worked for female cops as well.

  183. Blue Ribbon Teacher says:

    Pumpkin, the unions were complicit in allowing salaries to be lowered and benefits to be attacked.

  184. Juice Box says:

    re: “against a female officer”

    Early 1990s it was around 5 am and we were driving home from a party at William Paterson that was held in an off-campus house, five very drunk guys in an old chevy beater, somewhere down Belmont Ave and the Passaic river we got lost and ended up near the projects, the sun was coming up and we were pulled over by a Female Paterson PO. She asked if we knew where we were and where we were going. We told her lost and we are looking for Rt 80 as we were headed home. She gave us directions and told us to get the heck of here, the driver (not me) must have had a BAC over 2.0 too. It was White Privilege or she just did not want to fill out the paperwork.

  185. Very Stable Genius says:

    @robreiner

    Don’t let the unprecedented disfunctionality and unparalleled immorality of this administration ever allow us to lose sight of a President who is at the center of the most monumental scandal in our nation’s history.

  186. Very Stable Genius says:

    @chrislhayes

    Kaepernick’s not being signed is the most high-profile, high-dollar example of punishing free expression, and policing speech that exists in the country at the moment.

  187. The Great Pumpkin says:

    Shocker! Bears so want to be right, but they need to open their got damn eyes.

    https://www.bloomberg.com/news/articles/2018-04-25/forget-caterpillar-freakout-s-p-500-profit-picture-looks-rosy

  188. Very Stable Genius says:

    @ShaunKing

    SON: Mom, what’s white privilege?
    MOM: *Presses Play*

    Watch as an angry white woman tells police to
    shut the fukc up,
    questions their intelligence repeatedly,
    waves hands in their faces,
    moves wherever she wants,
    defies their requests,
    and lives another day to tell the story.

  189. You didn't build that says:

    SON: Mom, what’s liberal, white privilege?
    MOM: *Presses Play*

    Watch as an angry, liberal, white woman tells police to
    shut the fukc up,
    questions their intelligence repeatedly,
    waves hands in their faces,
    moves wherever she wants,
    defies their requests,
    and lives another day to tell the story.

  190. You didn't build that says:

    15 examples of “liberal privilege

    1) You can commit a crime and your local newspaper usually won’t mention what party you’re in if you’re a Democrat.

    2) You can be a white liberal who viciously mocks black men like Clarence Thomas, Allen West, and Ben Carson without being called a racist.

    3) You can be a Communist or a radical Islamist, you can hate America or even engage in acts of terrorism and still get a job as a college professor. In fact, it probably makes it more likely you’ll be hired.

    4) You can live in a mansion, fly around in private jets and consume more energy than a small town and still be taken seriously when you say we need to cut back on our lifestyles to fight global warming.

    5) You can hold a conference like Netroots Nation that’s as white as any Tea Party without having people suggest that your event is somehow “racist” for not having more minorities present.

    6) You can hold protests without paying for permits, illegally sleep in the park for weeks, and crap in the street and the police turn a blind eye to what you’re doing.

    7) You can make Ebenezer Scrooge look like Mother Teresa and you’ll still be told you’re “compassionate” for supporting liberal policies that ruin the lives of poor Americans.

    8) You have the option of sending your kids to a liberal school, watching liberal news, and then enjoying liberal TV shows so that your insular liberal world never has to be shaken by actual conservatives explaining their ideas.

    9) If you work for a newspaper, a college, or in Hollywood, you can freely spout your political beliefs at every opportunity without fear of facing any retaliation for your beliefs. As an added bonus, you can then tell everyone how “brave” you are for taking the same positions all of your friends and colleagues hold.

    10) If you’re a liberal minority politician, you can be crooked, ignore your constituents, and do nothing of consequence to make their lives better while you get elected over and over again.

    11) You can be taken seriously as some kind of girl power, women’s rights icon even though your entire career is built on being married to a serial adulterer who became President.

    12) You can have millions of dollars in the bank and not be laughed at when you complain about all those awful rich people ruining the country.

    13) Newspapers will ignore scandals that would be front page news FOR MONTHS if a Republican were involved because a liberal is behind them.

    14) You can wear mom jeans, throw like a girl, and look like a dork on a bike and Hollywood will tell everyone you’re cool if you’re a liberal President.

    15) You can cheer for women who abort their female babies right before you accuse OTHER PEOPLE of waging a “war” on women.

  191. Libturd questioning the gender of Hillary's Cankle fluid. says:

    Remember how I was discussing Mazda reliability a few days ago. Well, I must have cursed myself as I sprung an oil leak in the valve cover of my Mazda 6. It’s supposed to be covered under warranty, but Mazda of Lodi (my second attempt at finding a reasonable dealer as Maxon service is crooked) claimed that since I didn’t service my car there, they will not honor my warranty service. It’s $350 because there is a solenoid built in to the cover that is not replaceable (no gasket) that also must be replaced with the valve cover gasket. Well, I’m currently on the phone with Mazda Corporate and they are currently on the phone with Mazda of Lodi. Is there an honest Mazda dealer around? Or is the general populace so stupid that they just fall for this kind of stuff with such regularity that they try it on everyone? Will follow-up with results shortly.

  192. D-FENS says:

    Just assume all car dealers are crooks and act accordingly. I had a similar warranty experience with Nissan. Dealer gave me a problem…but as soon as I contacted Nissan corporate…whoops…yeah everything’s covered sir.

  193. D-FENS says:

    She got the job because Loretta Weinberg wanted more women in positions in government. Look her up.

    Very Stable Genius says:
    April 25, 2018 at 1:40 pm
    @ShaunKing

    SON: Mom, what’s white privilege?
    MOM: *Presses Play*

    Watch as an angry white woman tells police to
    shut the fukc up,
    questions their intelligence repeatedly,
    waves hands in their faces,
    moves wherever she wants,
    defies their requests,
    and lives another day to tell the story.

  194. D-FENS says:

    Loretta should be celebrating the signing of her pro-women “equal pay for equal work” bill….

    Instead we have the video of her “Ethics” Chairwoman.

  195. Very Stable Genius says:

    @itsGabrielleu

    For all of those folks who insist that not following orders from the police are grounds for your death sentence…

    You didn’t build that says:
    April 25, 2018 at 1:51 pm

    SON: Mom, what’s white privilege?
    MOM: *Presses Play*

    Watch as an angry, liberal, white woman tells police to
    shut the fukc up,
    questions their intelligence repeatedly,
    waves hands in their faces,
    moves wherever she wants,
    defies their requests,
    and lives another day to tell the story.

  196. D-FENS says:

    https://www.politico.com/states/new-jersey/story/2017/02/christie-nominates-otoole-and-a-democrat-who-called-him-a-misogynistic-bully-to-the-port-authority-109917

    State Sen. Kevin O’Toole, a Republican who is not seeking re-election, and Caren Z. Turner, the CEO of Washington, D.C-based Turner Government & Public Affairs, were nominated to replace Pat Schuber and George Laufenberg on the bi-state agency’s board, according to the governor’s office.

    Port Authority commissioners, whose terms last six years, are not paid.

    Turner, a Democrat whose residence the governor’s office listed as Tenafly, Bergen County, served on finance committees for Hillary Clinton and Jon Corzine, among others, according to her company bio.

    In a 2011 Huffington Post column, she criticized Christie for his “combative, uber-aggressive” nature and his insults to several female New Jersey Democrats, including state Sen. Loretta Weinberg, who recommended Turner for the Port Authority job.

    “To put it simply, the man’s a bully, a misogynistic bully at that,” Turner wrote of Christie.

    Weinberg laughed when told about the column, which she said she wasn’t aware of.

    “I actually know her … through a variety of women’s events,” Weinberg said.

  197. Libturd questioning the gender of Hillary's Cankle fluid. says:

    BRT,

    I employ your strategy for dealing with cops, except I have never put my keys on the dash. I do immediately apologize for the infringement and have almost always received a thank your for your honesty and just a warning. My only two speeding tickets were more than 5 hours away from my home, both in upstate NY. Both by State Troopers too. My first speeding ticket I received at age 17. My second and last ticket, up by Rochester this Fall. In both cases, I was far from the fastest driver on the road and in both cases, the road was pretty empty. Additionally, in both cases, I managed to creep up over 15mph over the speed limit on very long declines (truck use low gear type of hills). No amount of schmoozing was going to overturn these tickets. They saw the Jersey plates and knew I wouldn’t drive ten hours or more round trip to fight the ticket in court. Easy revenue and no court appearance just made it too easy for them. Up until this last ticket, I would always tell the officer that I usually drive quite slowly and must not have been paying close enough attention to my speed this one instance. I then say that I haven’t had a speeding ticket in 20 years. They then go to their car, check my record and come back with a warning or I am written a ticket for something stupid like having a GPS on my dash. No points, just a fine. Once, I had been drinking, but most likely was sober enough to drive. It was about 3am where route 18 and the GSP cross and I get pulled over by a local cop for speeding on a ramp (which is just silly). I gave the officer all of my credentials but purposely left out my insurance card once he told me I was speeding. I made my same never speed speech and he gave me a ticket for not having my insurance card, even though he was able to look up that I was insured.

  198. Libturd questioning the gender of Hillary's Cankle fluid. says:

    So Mazda Corporate just comes back and says gasket is only covered for 36/36 and I called BS on him. I told him that the dealer just pulled a quick one on him too. I read to him the warranty that specifically says the gasket is covered as part of the engine/power train. I’m back on hold again and he’s back on the phone with Mazda of Lodi. BTW, I would never go there again based on the sh1tty manners of the service desk representative. When I asked him to look up another issue I was having with the bluetooth, he said it would take forever since he’d have to call customer care. He then asked if I was dropping the car off and I said, no, I made an appointment two days ago and that it really can’t take that long for you to diagnose what I already told you was wrong. He said will be at least two hours. I said, well then why did I bother with an appointment. Silence. This was before they even tried to deny the warranty service. Crooks. So what do you think the Corporate Guy is going to say to me now. I’m almost afraid to do the service there as I fear they’ll spit on my burger after all this sh1t. Unfortunately, I had to prepay for the parts ($75) before they would be willing to do the repair. I also have to question this policy. Seems odd as I never had to do this before anywhere else, but I rarely have work performed at dealers. Still on hold. It’s a good thing my time isn’t valuable.

  199. Libturd questioning the gender of Hillary's Cankle fluid. says:

    Oy…just checked the BBB on Mazda of Lodi and they get a D! Still on hold.

  200. Libturd questioning the gender of Hillary's Cankle fluid. says:

    It gets better. It’s the worst rated Mazda in NJ.

    https://www.dealerrater.com/directory/New-Jersey/Mazda/

    Still on hold.

    I wonder when this call will equal $350 in wasted labor by Mazda?

  201. Russian Bot says:

    Libturd, check the fine print in the emissions warranty and powertrain warranty books for your car. It may be covered under one of those which are longer than the bumper to bumper warranty. Twice I’ve had dealers try to charge me to fix things that were covered under the emissions warranty, once a VW dealer about 20 years ago wanted to sell me a $700 ecu and again a couple of months ago a Subaru dealer tried to charge for a Mass Airflow Sensor. The Subaru emissions warranty for cars sold in NJ is 15 years or 150k miles. You’d be surprised the kinds of things that are covered, like a brake light switch which you wouldn’t think is emissions related.

  202. Libturd questioning the gender of Hillary's Cankle fluid. says:

    1:12 later, they agreed to pay for the labor if I paid for the gasket. So I am down to $75. Their justification was that they only include the gasket when replacing the valve cover. Since it was the gasket that failed independently, it’s only 36/36 and not 60/60. I told them that they really need to spell this out in their vague warranty, but I can deal with $275 in savings. I’ll do the work there and that will be the end of them with me.

  203. Libturd questioning the gender of Hillary's Cankle fluid. says:

    Thanks Bot. Learned that on our Xterra when they told us we owed $4K for 4 cat convertors at 88K. Emissions were covered up to 90K. Nissan didn’t tell us. We found it out ourselves.

  204. Mike S says:

    Wayne Mazda is decent.
    I have 125K miles on 2010 my mazda 3

  205. Libturd questioning the gender of Hillary's Cankle fluid. says:

    I was always concerned about Wayne Mazda after the state came down hard on them for over-billing for registrations a few years ago. I suppose, they have to be extra careful now. I’ll try them next. They have the A+ BBB rating and do have much better reviews.

  206. chicagofinance says:

    Chris Hayes went to my high school….. I know exactly his type because I went to school with them. Just to be clear, my high school does not even have a football team, and Hayes has no idea was sports are, let alone the business case AGAINST signing Kaepernick. Bear in mind, Kaepernick absolutely sucks as a quarterback……. would you sign Mark Sanchez with this kind of baggage? The Eagles caught flack for signing Michael Vick, and he was arguably the best player in the league at the point of his transgression.

    Very Stable Genius says:
    April 25, 2018 at 1:39 pm
    @chrislhayes

    Kaepernick’s not being signed is the most high-profile, high-dollar example of punishing free expression, and policing speech that exists in the country at the moment.

  207. chicagofinance says:

    was sports are = what sports are

  208. chicagofinance says:

    I will take a peek……

    Nomad says:
    April 25, 2018 at 9:43 am
    Chi, can I ask you about the Netflix bond deal from yesterday? How do they sell $1.9B and much is taken by big banks. The coupons don’t seem commensurate with the risk or are the banks going to slice up the bonds and resell & make money from their alchemy. Are there big premiums to be had for this junk if the bank is writing CDS coverage on the bonds? Thank you,

  209. chicagofinance says:

    NFLX Without looking, you have to put all options on the table….. even something as implausible as a “loss leader” transaction to bribe Hastings to consider some of the bond buyers as M&A and equity advisors, which would be the real score…… $1.9 is not much balance sheet.

    Also could be sold to hedge funds that will hope the economy crashes and burns, NFLX never goes cash flow positive, and the crown jewels become the property of debt holders…….or at least the get bought off to go away.

  210. chicagofinance says:

    Since it is 144A, there isn’t really anything to parse….. I will spend 5 more minutes trying to find something…..

  211. chicagofinance says:

    Moody’s upgraded them to Ba3 two weeks ago.

  212. The Original NJ ExPat says:

    The dealer where I’ve now bought three Mazdas is also notorious for their ripoff service. I’ve had the bulk of the dealer work, both paid and warranty, done at a different dealer in a rich White town (Wellesley) where they are always nice and give us nice free loaner cars too. When I bought our last Mazda I even called up Wellesley Mazda to give them a chance to compete for the sale. They told me over the phone that they couldn’t compete on price with Quirk (the ripoff service place).

  213. chicagofinance says:

    No published terms, but with similar companies, the bonds come with calls to buy down the interest rate, and yes, they could very easily be stripped out and sold for extra cash upfront to reduce the outlay. Bottom line, the calls on this kind of stock which likely cover the duration would create just a vast amount of premium.

  214. Libturd questioning the gender of Hillary's Cankle fluid. says:

    Ex,

    So go to Mazda of Wayne? :P

  215. chicagofinance says:

    p. 53 of their 10-K/A for 2017 dated 2/5/18…… does not include the 4/2018 deal….

    4. Long-term Debt
    As of December 31, 2017, the Company had aggregate outstanding long-term notes of $6,499.4 million, net of $61.9 million of issuance costs, with
    varying maturities (the “Notes”). Each of the Notes were issued at par and are senior unsecured obligations of the Company. Interest is payable semi-annually
    at fixed rates.

    [EDIT]

    Each of the Notes are repayable in whole or in part upon the occurrence of a change of control, at the option of the holders, at a purchase price in cash
    equal to 101% of the principal plus accrued interest. The Company may redeem the Notes prior to maturity in whole or in part at an amount equal to the
    principal amount thereof plus accrued and unpaid interest and an applicable premium. The Notes include, among other terms and conditions, limitations on
    the Company’s ability to create, incur or allow certain liens; enter into sale and lease-back transactions; create, assume, incur or guarantee additional
    indebtedness of certain of the Company’s subsidiaries; and consolidate or merge with, or convey, transfer or lease all or substantially all of the Company’s and
    its subsidiaries assets, to another person.

    As of December 31, 2017 and December 31, 2016, the Company was in compliance with all related covenants.

  216. chicagofinance says:

    In layman’s language, the bond holder’s have the right to sell the bonds back to Netflix or successor for 101% of face in a change of control. That “put” can be sold.

  217. Libturd questioning the gender of Hillary's Cankle fluid. says:

    I think Wayne Mazda next followed by Ramsey.

  218. 3b says:

    Juice She is a loser! She needs to leave!!

  219. Nomad says:

    Thanks Chi. I knew the bonds were way above my pay grade. Just trying to understand how the big boys manage downside risk.

    Lib, Mangussen act or something like that forces dealer to honor your warranty even if you service car elsewhere. When I had problems I express mailed ceo and it got resolved quickly. Sleazy industry, sleazy people in it.

  220. homeboken says:

    Lurks – What year was this transgression? No way this happened in the last 20 years. Cops are far too focused on stopping DUI, espically during the hours you mentioned.

    Lurks says:
    The most defying one was going the wrong way, down a 1 way outside of a strip club, after drinking all night.

  221. LurksMcGee says:

    Homeboken,

    I’m slightly embarrassed, but this transgression occurred the night before Thanksgiving this past November in Manville. Somehow a night at someone’s house in Somerset turned into “lets go to the strip club in crappy Manville”.

    To add to the story, my friends actually drove past myself and the cop at my window – silently showing that they’re laughing. They said they tried to stop me, but I assumed they were waving “goodbye” as I proceeded down the 1 way. When the officer went came back with my docs, he asked me “when were you doing under the speed limit?” I had no clue and answered honestly. He let me go with the warning. But I assume that him asking me about that must’ve meant another officer put that in the system as a warning at some point.

  222. Fabius Maximus says:

    Chi,

    So Chris Hayes is not qualified to discuss sports because your school did not have a football team. Does that not make you as equally unqualified.

    But that aside, lets look at your actual comment. Vick with the dog fighing, the wife beaters accessories to murder, drug offences etc etc etc. What is clear is that no player actions have been shown to impact the business case.

    No drug issues, personal issues and players love him in the locker room. The kneeling is the only thing against him.

    Is he the best QB in the league, No. Is he better than some of the starters, Yes. He would be a better bet for the Jets than Fitzpatrick. But the NYJ is the QB death knell.

    He is way better than some of the backups that have been signed lately. He would be perfect behind Luck or Wilson, but cant even get an interview.

    As 49er he was not my first choice. I was always an Alex Smith fan and he a great year in Kansas last year. But Kap played well and took us to the Superbowl so I cant complain.

    But hes going to get paid. He’ll win the court case and the league will pay him.

  223. Fabius Maximus says:

    Gary,

    One of those days to bask in the Greatness!

    https://twitter.com/twitter/statuses/989275244048277505

  224. Blue Ribbon Teacher says:

    He’s not winning that court case because it has no merit. In fact, the Ravens were ready to sign him and his girlfriend ruined that one for him.

  225. chicagofinance says:

    Stick to EPL dude…… you don’t seem to understand why he is pure garbage……

    Since you put forth a discussion the way you did is testament to the fact that you argue in bad faith, and with an (willful?) ignorance of the facts.

    He was a scrambling QB who got by as a rookie and never developed. In the long run, only an accurate pocket passer who can read defenses is going to be a solution. Kapernick is a dim bulb (i.e. lacks intelligence)….. hence, a failure (and his conduct). You only get 3-5 years to figure it out, and he had the hubris to opt out of a lucrative contract…….. he is a typical liberal racist, failing to admit the facts because it does not fit the narrative……you are merely a diminutive gadfly with an undersized pee-pee…..

    As for this sewage “…..So Chris Hayes is not qualified to discuss sports because your school did not have a football team. Does that not make you as equally unqualified….”
    You (purposely?) misread my post, hence your flawed logic is spewed in tiresome fashion.

    The calculus of the business case is => does the production warrant the headache? For Adrian Peterson yes……. Greg Hardy is a disgusting man….he is was ineffectual and now gone…… Ray Rice never received another chance because his skills had slightly eroded……no one gave him another shot…….

    Fabius Maximus says:
    April 25, 2018 at 7:07 pm
    Chi,

    So Chris Hayes is not qualified to discuss sports because your school did not have a football team. Does that not make you as equally unqualified.

    But that aside, lets look at your actual comment. Vick with the dog fighing, the wife beaters accessories to murder, drug offences etc etc etc. What is clear is that no player actions have been shown to impact the business case.

    No drug issues, personal issues and players love him in the locker room. The kneeling is the only thing against him.

    Is he the best QB in the league, No. Is he better than some of the starters, Yes. He would be a better bet for the Jets than Fitzpatrick. But the NYJ is the QB death knell.

    He is way better than some of the backups that have been signed lately. He would be perfect behind Luck or Wilson, but cant even get an interview.

    As 49er he was not my first choice. I was always an Alex Smith fan and he a great year in Kansas last year. But Kap played well and took us to the Superbowl so I cant complain.

    But hes going to get paid. He’ll win the court case and the league will pay him.

  226. Fabius Maximus says:

    “only an accurate pocket passer who can read defenses is going to be a solution”
    Hang on, let me rewind tape! Did you bring Michael Vick into this conversation? Outside of one of the most disgusing people ever with his personal life, still pulls down the record of the No. 1 running QB? Pick your poison.
    “The calculus of the business case is => does the production warrant the headache? For Adrian Peterson yes……. Greg Hardy is a disgusting man….he is was ineffectual and now gone…… Ray Rice never received another chance because his skills had slightly eroded……no one gave him another shot…….”
    I’ll just leave Ray Lewis in here for you to comment on.
    SHOW ME ONE THAT IMPACTED THE BOTTOM LINE?
    I suppose if football is not the answer there is another way for him. He can take the Business Manangement degree he got from Nevada and with some CE credits, can convert that to a CFP. With that he can crawl his way out and make a real career!

  227. Fabius Maximus says:

    But to answer the real question football question?
    Where does he fall, where in this list?

    https://theundefeated.com/features/33-quarterbacks-signed-before-colin-kaepernick-free-agent/

    Work it out yourself!

  228. Californicator says:

    Cue the bromance: ,

    K. West said.

    “We are both dragon energy. He is my brother. I love everyone. I don’t agree with everything anyone does. That’s what makes us individuals. And we have the right to independent thought.”

  229. The Original NJ ExPat says:

    In the early 2010’s I theorized that those who opposed Obama, having seen that they would be shouted down as a racist by voicing such divisive thoughts, decided to just sit on their hands…waiting…voted, then waited some more…voted again.

    History doesn’t always repeat…but sometimes it rhymes.

  230. leftwing says:

    Turner woman of cop confronttion fame hits the 6p CBS national news last night and CBS This Morning now.

    Daughter must be mortified.

  231. leftwing says:

    She apologizes for demeanor, but issues a statement that she didn’t violate PANY rules.

    Smell a lawsuit coming?

  232. LurksMcGee says:

    Expat – Spot on theory.

  233. LurksMcGee says:

    BTW,

    Lebron is holding up my end of the bargain. Again he squeaks by with a 3 pointer at the buzzer and finishes with 46 pts and damn near a triple double. He shouldn’t have to win games with that much effort in the first round.

  234. Californicator says:

    Sports are gay

  235. Californicator says:

    NJ arrested 35k people for weed last year….possession mostly.

    Neat.

  236. Libturd, AKA Dr. Howie Feltersnatch says:

    If you watched the Bruin/Leafs tilt last night, you’d probably see the light.

    “Sports are gay”

  237. The Great Pumpkin says:

    Insane!

    Libturd, AKA Dr. Howie Feltersnatch says:
    April 26, 2018 at 11:18 am
    If you watched the Bruin/Leafs tilt last night, you’d probably see the light.

  238. The Great Pumpkin says:

    Just killing economic productivity with this crap.

    Californicator says:
    April 26, 2018 at 11:14 am
    NJ arrested 35k people for weed last year….possession mostly.

    Neat.

  239. Libturd, AKA Dr. Howie Feltersnatch says:

    Insanity is that he was back in the game 5 minutes later.

    https://bit.ly/2HtdPph

  240. Very Stable Genius says:

    @DavidJollyFL

    We shouldn’t have a Secretary of State supported by only half of the Senate.

    Nor a VA Secretary unfit to run the Department.

    Nor an EPA Administrator conflicted by self dealing.

    That’s just this week.

  241. Very Stable Genius says:

    @tonyschwartz

    The crew of lowlifes,
    grifters,
    morons,
    poseurs,
    criminals and assorted billionaire losers
    that Trump has gathered around him — including his family — is stupefying.

    The standard to serve our country at the highest levels is so low it defies description.

  242. Very Stable Genius says:

    @SteveSchmidtSES

    Growing up in New Jersey I loved the spectacle of mob trials.

    When John Gotti was on trial the question was never about whether he was guilty or not,it was about whether he would get away with it.

    There isn’t even a pretense of “we didn’t do anything criminal” around Trump’s gang

  243. LurksMcGee says:

    Makes me wonder if I can get a cheap Explorer in the next 2 years.

  244. Bloomberg News says:

    They are concentrating on high profit high volume SUVs

  245. Yo! says:

    Newark HQ2 bid doc finally released. The manner in which it was released -in 3 separate scanned documents on the website of a law firm that sued the city – is as bad as the content in the document.

    Highlights:

    “Newark is safer than many comparable sized cities such as New Orleans, Detroit, Oakland, Cleveland, and St. Louis.” Those peer cities are most violent in the history of the first world.

    “Randomly selected approximately 5% of report slightly more than 1500 Surveys being analyzed by members of the Rutgers Police Institute.” Who proofread this document?

    “The state generates a lot of political headlines, not all positive. Will that change?” Hahaha

  246. LurksMcGee says:

    LOL!!! It’s like their TELLING Amazon to choose another city.

  247. Libturd questioning the gender of Hillary's Cankle fluid. says:

    I’m 100% certain that the city that gets Amazon will be sorry for giving away the farm. I recall a ways back, even with all of the breaks Microsoft receives from WA, they still threaten to move to Canada once a decade for a better deal.

    It’s like the Olympics. It’s a great two weeks when the games are on, but then you are left with the debt on tens of thousand of empty hotel and competition space. A few years later, the rags all publish definitive stories on how it was definitely not worth it. Go ask the long time home owners in Jersey City if the waterfront development was worth it? The schools still suck, the traffic has reached a 24-hour standstill and now parking there, rivals that of neighbor Hoboken.

  248. joyce says:

    I understand at its core it’s about corruption / special interests etc etc… but the equal protection clause of the constitution should outlaw all of these economic incentives that do not apply to all within a given jurisdiction. Yes a state has taxing and regulatory authority but it needs to be equal and evenly imposed. I’m sure cases have been brought using this logic; I’d love to read about how much of a pretzel the jurists twisted themselves into justifying these schemes.

    Dare to dream.

  249. leftwing says:

    Chi, that’s a funny story on Kap. My first thought on reading the tweet was “there is someone who never spent any time in a locker room”.

    Kap would be a nightmare for any team. Total distraction. If you are going to make yourself the center of controversy you better be Brady v2.0 times three. Otherwise there are just many easier alternatives.

    With no irony CBS This Morning had a segment where the lead in was “Will Kanye West kill himself professionally by diving into controversial political waters”.

    It is what is is. Not about TDs, pass completion, or interceptions. These professionals trained their entire lives, all season, and off-season for 48 hours a year.

    Anyone who distracts from that common goal is not worth it. Or be Brady x3. Which he is not.

    Of course liberals whose greatest athletic achievement is tapping a keyboard will never understand, therefore it must be about race, suppression of speech, etc.

  250. leftwing says:

    Lib, my personal favorite was the Bruins player a few years back that broke his right fibula on a PK. Finished his shift.

    https://www.youtube.com/watch?v=s946M878MxI

  251. leftwing says:

    I love hockey. The beauty of this one is the quote from Madden who, when a Devil, caught a nasty slapper to the face that totally wrecked him. He had to keep going back to the LR, not because of pain or anything. They couldn’t close him up so he kept bleeding and you can’t play while bleeding. IIRC there was a dustup over whether he could return with a bloody jersey (as that is not allowed either) but they ran out of clean extras.

    CHICAGO — It takes more than a puck in the face to keep Duncan Keith off the ice for the Chicago Blackhawks — even when he loses seven teeth.

    Chicago’s top defenceman was hit by a puck off the stick San Jose’s Patrick Marleau during the second period of Sunday’s 4-2 victory over the Sharks that clinched the Western Conference title and a trip to the Stanley Cup finals.

    Keith returned to the game and finished with a game-high 29 minutes, two seconds of ice time. He lost four bottom teeth and three more on top.

    “You’ve got leave it all on the ice,” Keith said after the game when he was headed for some major dental work. The team said Monday it had no update on Keith’s condition.

    “I felt a chunk of something back there and I figured it was a tooth. It wouldn’t have been anything else,” said Keith, who is a Norris Trophy finalist as the league’s best defenceman.

    “I saw some teeth falling out when I skated off and coughed one up. It sounds gross, but it happens all the time to guys. It could have been a lot worse. I could have got it in the jawbone.”

    Keith was able to return after getting some injections in his mouth to numb the pain and even got an assist on Dave Bolland’s game-tying goal in the second.

    “That’s Duncs,” said teammate John Madden. “He’s crazy. He’s a warrior. He’s our leader. We knew Duncs would be back.”

  252. Libturd says:

    I also finished a game after getting my top two front teeth knocked out. They are now proudly made in Canada. Also have a fake one on the bottom.

  253. joyce says:

    Reiterating my comment about someone being the dumbest person who frequents this blog.
    http://njrereport.com/index.php/2013/02/18/new-homes-about-to-get-more-expensive/#comment-540623

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