The puff piece returns … oh how I missed you

Warning, make sure you’ve got your boots on, the bullshit is deep in here.

From the Record:

High demand will spark bidding wars for houses in North Jersey this summer

Prospective home buyers can expect to go to war this spring and summer.

A low housing inventory coupled with high demand will spark bidding wars for houses in the entry- to middle-level home sectors, say local realtors, continuing a years-long trend in the residential real estate market.

“It’s a great time to be a seller,” said Ted Crocco, owner and broker of Bergen County Realty. “It’s not a great time to be a buyer.”

In the Montclair area, the number of days a home is on the market has plummeted, dropping from 77 days in 2012 to 36 days in 2017, according to the real estate firm Stanton Company. Diane Russell, a realtor at the company, said houses can sometimes sell in mere hours.

“If you’re a buyer in the $600,000 to $900,000 range, it’s very competitive,” Russell said. “They’re going through multiple rounds of putting in offers.”

Russell said she frequently has to educate first-time buyers on how much the asking price and sale price can differ. Stanton Company sold one home at 18 percent above the asking price last year, she said.

Homes in Montclair, Maplewood, Glen Ridge and other towns with train stations consistently sell above the asking price, while homes in towns without stations lag behind, both in sales price versus asking price and days on the market, the company said.

For those wading into the residential real estate market for the first time, it will be tough to gain a foothold, said Crocco of Bergen County Realty.

“It’s a difficult time to be a young buyer right now,” Crocco said. “We have buyers that made several offers on several houses offering the asking price or more, and they’re turned down.”

Entry-level buyers are being forced into bidding wars and facing rising mortgage interest rates. The average rate on the 30-year fixed is at its highest level in more than four years and is not expected to fall back, as it did last year.

Higher mortgage rates usually cool home prices, as buyers can’t afford as much and sellers have to accommodate. The difference in today’s market is that there is so much pent-up demand from the largest generation, and the economy and employment are improving. That dynamic could outweigh higher rates, although at some level there has to be a breaking point, especially for young buyers with less cushion in their wallets.

“Affordability continues to slip away from the average buyer. Lower-priced homes are appreciating much faster than higher-priced properties, making the affordability crisis even worse,” said Frank Martell, president and CEO of CoreLogic.

This entry was posted in Housing Bubble, Humor. Bookmark the permalink.

169 Responses to The puff piece returns … oh how I missed you

  1. The Original NJ ExPat says:

    Fristy Baby!

  2. The Original NJ ExPat says:

    NY Post cover today is a hoot. Jekyll and Schneid

  3. The Original NJ ExPat says:

    Blue wave – flattening out to a calm little blue pond.

  4. Yo! says:

    Does Rep. Gottheimer have a comment? Only a few months ago, he professed in press releases and television appearances North Jersey home prices were set to plunge. Northjersey.com article should have reached out to Gottheimer’s office for a statement.

    Agree with Grim – this article is a joke. Local media should have full time real estate reporters who actually know what they are doing. The miss on real estate is self-inflicted by the media.

  5. Fabius Maximus says:

    Randi Mayem Singer @rmayemsinger 7h hours ago

    No question, Eric Schneiderman is finished. Unless he decides to run for office as a Republican.

  6. The Original NJ ExPat says:

    You would think that Svetlana Shkolnikova would know more about NJ Real Estate at age 31. After all, she grew up in a $190,000 townhouse in Pikesville, MD.

  7. Hold my beer says:

    High housing prices are great for the environment. Buyers are forced to get takeout less ofte, they can’t afford to go on vacation, they hold onto their cars longer, and they can’t turnover their shoes and clothes every year or two. It is a man made alternative green solution to climate change.

  8. grim says:

    No question, Eric Schneiderman is finished. Unless he decides to run for office as a Republican.

    I don’t understand, when a democrat sexually assaults someone, it’s a joke? Never mind the absurd hypocrisy of it being Schneiderman.

    Isn’t there some old saying that says, if someone has to convince you they are honest, they probably aren’t? If not, there should have been.

  9. The Original NJ ExPat says:

    grim – I heard a better one – If a man says he is a feminist or supports women’s rights – it means that rape charges are about to be filed.

  10. Californicator says:

    Gay

  11. leftwing says:

    Grim, don’t even try.

    This one is the Oscar for liberal hypocrisy.

    The liberals will never get it.

    Is Trump a money grubbing, shallow, entirely self-interested pig? Absolutely. But he doesn’t pretend to be anything different.

    The Left, however, on so many matters continues to wrap itself in the holy aura of care, comfort, and self righteousness. And then behave like money grubbing, shallow, and self interested pigs.

    For me, and many others, it is not the act. Adults recognize the earth is populated with good and bad people of all stripes and flavors. We understand leaders are not saints. It is the hypocrisy.

  12. Californicator says:

    ^^dumb post is dumb..profoundly stupid.

  13. The Original NJ ExPat says:

    My MIL: “I don’t like Trump because he is so vulgar!”

    Me: “Yeah. Sometimes you get that when you choose the right f.ucking guy who can do the best f.ucking job.”

  14. Californicator says:

    ^^you must think you actually makes sense Dumbass

  15. Californicator says:

    Share some more stories from your facinating existence Puleaaaze

  16. The Original NJ ExPat says:

    ^^I’m not the little simp who got told to sell his motorcycle. Puzzy.

  17. The Original NJ ExPat says:

    FYI. The difference between BMW owners and porcupines. On BMWs the pricks are on the inside.

  18. Californicator says:

    Another pearl…..

  19. The Original NJ ExPat says:

    I’m rubber, you’re glue…

  20. Californicator says:

    In all seriousness selling the bike was an Excellent move.

    This new toy…. amazing

  21. The Original NJ ExPat says:

    That’s what your wife says. Any opinions of your own? (probably not allowed to say)

  22. Californicator says:

    And I think Trump may want to do the right thing but his lizard mind won’t let him.

  23. Californicator says:

    8:25 Ever ridden a motorbike on the 405 at rush hour? Or the BQE ?

    Just. not. That fun

  24. The Original NJ ExPat says:

    That’s why you like him, like him.

  25. The Original NJ ExPat says:

    LOL. You’re even easier to wind up than Pumps, and that’s saying something.

  26. The Original NJ ExPat says:

    Maybe you have a highway house too?

  27. Californicator says:

    No I got the bike on a whim – sold it that way…have a great story to go along wit the sale and now, I can be a grown up…I understand the love of the Motorcycle but the M3 will dust them while you recline in comfort and don’t have to wear a helmet everyday you drive.

  28. Californicator says:

    8:28 maybe you have a 2” dick covered with dust

  29. leftwing says:

    Cal, I had an M3 convertible years ago, before the porsche.

    Pop the top, hop out to one of those beautiful CA roadways, and cruise to absolutely nowhere. Does wonders to clear the mind and reset the psyche.

    All that liberal anger at your side being exposed yet again as the frauds they are and no better than the other team will dissipate in the CA sunrise.

  30. Juice Box says:

    So Eric Schneiderman role plays about beating and raping slaves?

    Once again, the democratic hypocrisy is absolutely amazing. This dude spoke at the Women’s March., amd was held up by other democrats like Glibrand as a champion for women’s rights LMAO!

  31. The Original NJ ExPat says:

    Oh, I stand corrected. My mistake. Such a smart guy.

  32. Californicator says:

    Pumps tries to cheerlead for Jersey from his Highway haunt but even Bon Jovi and Bruce can’t make Jersey anything other than the tainted gulag that it is….

  33. The Original NJ ExPat says:

    It’s actually 3″…but some girls like them that wide.

    8:28 maybe you have a 2” dick covered with dust

  34. Californicator says:

    8:29 my anger comes from birth. Hearing about grandpa losing his fortune in Germany the M3 shows that those bastards make wonderful machines. And yeah those drives are amazing and now I can take a few passengers. The scenery out here is MINDBENDING, but yeah, i’ve Been angry since 1966

  35. Californicator says:

    8:32 well played

  36. The Original NJ ExPat says:

    And you weren’t born until 1967. That tells us all we need to know about your parents. Related to Schneiderman?

    i’ve Been angry since 1966

  37. Californicator says:

    I won’t front either: Piloting a 20 year old chopper through the canyons in an acquired taste. Not for the faint of heart. Me? I’m way too old for that shit. Euro bikes are much better suited for the roads here, one more reason Harley’s sales are tanking…

  38. Californicator says:

    8:36 all Jews are related. We also run the media, the banks, and circles in your mind…

  39. Californicator says:

    8:27 i’m Confident i’m more volatile than anyone on this board and that’s saying something.

  40. Californicator says:

    But I’m fun at parties.

  41. chicagofinance says:

    Yep….. it is why people become more conservative as they get older. Nothing to do with changing psyche and all to do with just observing bullsh!t and tiring of it.

    Juice Box says:
    May 8, 2018 at 8:30 am
    So Eric Schneiderman role plays about beating and raping slaves?

    Once again, the democratic hypocrisy is absolutely amazing. This dude spoke at the Women’s March., amd was held up by other democrats like Glibrand as a champion for women’s rights LMAO!

  42. grim says:

    I’m really hoping to be able to get my hands on a piece of shit pickup truck, so I can finally not care about assholes dinging my car in the parking lot.

  43. Californicator says:

    And by the way my area: Not liberal. Me? Southern F’ing Democrat. Again: Not especially Liberal. Taking exception to nearly everything the Conservatives stand for yet hoping when Trump plays his hand we win.

  44. The Original NJ ExPat says:

    grim – I had a boss who drove a 1940’s Dodge pickup, looked like it was painted green with a paint brush. Had brakes updated to hydraulic. He had a perfect ’63 Corvette in the garage at home.

    I’m really hoping to be able to get my hands on a piece of shit pickup truck, so I can finally not care about assholes dinging my car in the parking lot.

  45. Californicator says:

    Grim – The trucks – cars etc out here last forever. No lie.

  46. Juice Box says:

    Yes but the people don’t the sun damage makes you look 50 by the time you are 35

  47. grim says:

    As I get older, I now understand what real luxury is all about.

    It’s not having fancy things, it’s not having to f*kcing care.

    That’s priceless.

  48. Juice Box says:

    Grim that sounds like early onset dementia

  49. Juice Box says:

    Too bad that snake Menendez got away,, but I’ll take Booker as a consolation prize. When does it slip out that he’s doing something deviant?

  50. The Original NJ ExPat says:

    I mentioned last year that I did something I swore I’d never do, bought a mini-van. A 2008 Kia Sedona with exactly 40K miles, perfect condition except for one or two dings. Previously owned by Jesuit monastery, probably a grocery getter mostly. My mechanic was selling it for them, $6,000 asking price, I paid $5,600. 250hp 3.8L engine. I can’t get over how useful it is, it’s like a pickup truck with a high cap. The third row folds flat and the middle row can be folded forward, but even better, you can release the middle row (the seats even have wheels on the bottom!) and leave them home. I’ve had the middle row out for about a month now. Fold the rears down and you have tons and tons of room for moving materials and furniture, put the rears up and you have a nice deep well behind the rear row for groceries, etc. Our girls love sitting in the way back with no middle row. They call it their stretch limo.

  51. Fabius Maximus says:

    Grim,

    There is a big difference here. The Dems cleaned house, Schneiderman was gone in 3 hours.

    This guy is still in office. https://twitter.com/VABVOX/status/993714203134439424
    #GOPHypocrisy.

  52. Fabius Maximus says:

    Reducx

    Dems paid Weinstein back straight away, GOP are still looking for a pen to cut a check to Steve Wynn.
    #GOPHypocrisy.

  53. Californicator says:

    Cars have come a long long way from the crap I drove in the 80’s/90’s…City and Country life overlap – always the need for a crappy beater.

  54. Fabius Maximus says:

    I stopped messing around years ago, but my 650 Suzuki would still take your M3 off the line.

  55. Californicator says:

    Fab’s right btw

  56. Juice Box says:

    Fab nobody cleaned the house the house is still full of f****** deviants.

    Put down your talking points and give it a rest

  57. Californicator says:

    9:01 agreed. I had a GS in college btw. Best bike I ever had.

  58. The Original NJ ExPat says:

    No…the Dems are now realizing they have big, big problem. Monica Lewinsky redux. Just like the Republicans tried to do in the late 90’s, railroad a guy out of office on a platform of hate, during a great economy. Hard to build a lynch mob and even harder to not see through the motive.

    There is a big difference here. The Dems cleaned house, Schneiderman was gone in 3 hours.

  59. Fabius Maximus says:

    https://www.wsj.com/articles/trump-lawyers-aim-to-decide-by-may-17-whether-president-testifies-in-mueller-probe-1525727774

    The Given Excuse: “Preparing Mr. Trump to testify would be a serious distraction to his work as president, eating into time he needs to deal with pressing global issues, Mr. Trump’s lawyers contend.”

    The real reason: “In an informal, four-hour practice session, Mr. Trump’s lawyers were only able to walk him through two questions, given the frequent interruptions on national-security matters along with Mr. Trump’s loquaciousness, one person familiar with the matter said.”

    I wonder if all the lawyers have to leave the room when the “national-security matters” come up. None have security clearance and Rudys chances of getting it are very slim.

  60. The Original NJ ExPat says:

    not see through to the motive.

  61. Fabius Maximus says:

    “the house is still full of f****** deviants.”

    The GOP keep putting them on the ballot and the base keep voting them.

  62. The Original NJ ExPat says:

    Which Democrat cities will sustain the most violence and destruction after the Republicans gain seats in November? It’s a shame that Antifa and friends will destroy the most property in exactly the places where the voters voted exactly the way they were told to vote.

  63. The Original NJ ExPat says:

    Here’s my idea on immigration reform: The Republicans, after they gain seats in November, have to promote open borders, inviting everyone who wants to come into the country in, give them instant citizenship, and register them as Republican voters. Then we can build…that…wall! (And Democrats will pay for it).

  64. The Original NJ ExPat says:

    Then take their citizenship away and kick them out.

  65. Hold my beer says:

    The New Yorker article on Schneiderman shows him to be Racist, misogynistic, and physically abusive. Amazing what hypocrites politicians can be.

    He also would tell his dates after he slapped and strangled them that he was the law. Sick.

  66. 3b says:

    Juice fab wants to move on its one from his team and he has trouble processing it. He would find inner peace if he acknowledged they are all the same.

  67. Xolepa says:

    Busy, Busy, Busy this morning, here on the Blog. Either way:

    I will tell you how bad (or good, depending on point of view) the RE market in the Boston area is.

    My son and DIL put there 3br/2ba 1500 sqft two story house on 1/6 acre up for sale 10 days ago. They live in a decent close suburb of Boston and their property backs up to wooded park lands. They are moving to Maryland area for his Fellowship year. They purchased the property 3 years ago in the low 400k range and put $70k into it. Totally new modern kitchen, new roof, fenced in yard, new deck, attic walk up, semi finished basement, etc. Most of the labor, save roof, deck and fencing was performed by myself and my son’s now deceased FIL.

    Realtor priced house at $115k over original purchase price. He said watch out for bidding war, this is intentional!

    Son and FIL had two open houses, one on the prior Saturday and the other the following day. 30 family groups showed up the first day. Next day 50 family groups showed up. Filled up parking on all the streets in the neighborhood. Potential buyers had to wait an hour for a parking spot.

    In the end, by Monday, they had 19 offers. They ranged from $5k under asking to $70k over asking. Teardrop letters were written to them about the need for that house. Guess which offer they took?

  68. The Original NJ ExPat says:

    Best letter?

  69. The Original NJ ExPat says:

    BTW, I think this is a great time to sell in Boston. I just sold two places and am a pure renter now.

  70. The Original NJ ExPat says:

    And now I have a decade’s worth of rent payments banked, though I think I’ll be in Costa Rica with Lib long before that.

  71. The Great Pumpkin says:

    Looks like Expat should have listened to pumps and wait to sell in Boston.

  72. Juice Box says:

    FAB – gonna vote for Menendez again? We all know what he was doing down in the DR, the underage hookers went MIA unfortunatley.

  73. The Original NJ ExPat says:

    I closed last week nimrod.

  74. The Original NJ ExPat says:

    Why the hell do you think I took the middle row out of our minivan to move furniture and other stuff?

  75. 3b says:

    Congrats Ex!

  76. The Original NJ ExPat says:

    Thanks 3b. It really is a relief to know we’re fully mobile, if need be, once again. First time since 2002.

  77. The Great Pumpkin says:

    Ex,

    This is by no means the top. It’s only getting started as millennials enter the buyers market. They haven’t even started entering the market in masses yet. Low inventory problem is not going away, as the supply of buyers increase.

  78. Fast Eddie says:

    Guess which offer they took?

    The highest with proof of funds and qualification. Tear drops are meaningless in this game.

  79. The Original NJ ExPat says:

    FYI, re:NJ prices. The house my in-laws sold a couple decades ago in Bergen County just went on the market by the owners they sold to over 20 years ago. $1.3 million was the price a month ago, just reduced to $1.1 million, so reduced by $200K. I just don’t get why people don’t want to pay $37K in taxes to live in Bergen County train town with top-rated schools. Isn’t that just the price you need to pay to keep the riff-raff out?

  80. 3b says:

    I just had a conversation last night with a friend who is preparing to list and sell their house. They plan to rent until they both retire. It’s not Bergen co but close by. His taxes are high north of 17k and they want out. Their words. Combined salary about 250k. He claims it will be perfect for a young growing family. 3 beds 2 baths nice kitchen family room. Crappy commute to city. He is planning to list for 700k! Yep perfect for a young growing family!!

  81. The Great Pumpkin says:

    But congrats! Always a win when not having to sell in the busy part of the cycle.

  82. The Great Pumpkin says:

    Bust

  83. Xolepa says:

    The highest offer had no contingencies, not even an inspection. It was a lady from Wisconsin who wanted to be near her grandkids. She even put down a non-refundable deposit.

  84. 3b says:

    Yesterday pumps tells us the millennial s have no money today they will be entering the market in droves.

  85. The Original NJ ExPat says:

    Somehow I think I may be referencing this post in a future world where everyone eats spray pancakes from a can.


    The Great Pumpkin says:
    May 8, 2018 at 9:47 am
    Ex,

    This is by no means the top. It’s only getting started as millennials enter the buyers market. They haven’t even started entering the market in masses yet. Low inventory problem is not going away, as the supply of buyers increase.

  86. The Original NJ ExPat says:

    ^^^ I think I just peed myself a little bit from laughing so hard.

  87. The Great Pumpkin says:

    3b,

    Renting or owning, you are never out of the game. Rent costs are not fixed.

  88. 3b says:

    Ex we got a lot of grief when we took the money and ran. But we have no regrets. We have property out of state small and paid for. People who scorned us now say they should have done the same thing. I said it then and say it now.

  89. Ottoman says:

    I’ll bet you miss the days when you didn’t have to rely on the cops to do your lynching for you.

    The Original NJ ExPat says:
    May 8, 2018 at 9:11 am
    Which Democrat cities will sustain the most violence and destruction after the Republicans gain seats in November? It’s a shame that Antifa and friends will destroy the most property in exactly the places where the voters voted exactly the way they were told to vote.

  90. The Original NJ ExPat says:

    2022 – Both our daughters will be out of Boston Latin. I can go wherever the rent suits me.

  91. 3b says:

    Pumps not in my case. My rent has not gone up once. Grant it I am the exception not the rule. And there is far more flexibility in renting.

  92. The Original NJ ExPat says:

    Meanwhile Pumps will be complaining about his only child and the declining worth of Wayne Valley HS. Yeah, yeah, yeah, I know you think your kid is going to Wayne Hills. Let’s see how many High Schools they have then and if they are still any good.

  93. Ottoman says:

    Irony: right wing idiots claiming the left are hypocrites when they’ve built their entire power structure on people who claim religious moral superiority while supporting marriage cheating, mafia thugs. See also Simpletons.

  94. The Original NJ ExPat says:

    Footstool – Though I am a lifelong Democrat, I really don’t align with that faction of the party.

    I’ll bet you miss the days when you didn’t have to rely on the cops to do your lynching for you.

  95. The Original NJ ExPat says:

    Irony: left wind idiots claiming that it is the right who is the party of the KKK and lynchings.

  96. The Great Pumpkin says:

    Flexibility? You mean when the landlord gives you notice to gtfo? Then you search for a similar rental unit in said town and can’t find one. Then when you do, it costs significantly more. No thank you. I don’t want to have someone profit off my situation.

    I’ll never rent, just not for me. I rather buy and have fixed costs and a chance at appreciation. Of course you can’t buy during a bubble….only time I would rent and it would be a short period of time.

    3b says:
    May 8, 2018 at 10:00 am
    Pumps not in my case. My rent has not gone up once. Grant it I am the exception not the rule. And there is far more flexibility in renting.

  97. The Original NJ ExPat says:

    Though a typo, I think I like left wind instead of left wing. I imagine Footstool likes to fart against the wind so that it doesn’t get away without him enjoying what came out of his ass…just like his words.

  98. Fabius Maximus says:

    Juice,

    I liked this guy, he would have got my vote, but he can’t raise the cash to compete.
    https://www.youtube.com/watch?v=e6qUKKSN9mM

    So I get status quo or another Trumphead.

  99. 3b says:

    Pumps I ain’t going to argue with you. Do as you like. You are not trying to convince me but rather yourself.

  100. The Original NJ ExPat says:

    No such thing. As long as you pay your rent you are a tenant. If you want to kick me out, you have to stop cashing my rent checks and initiate legal action. Also, if my lease is over I instantly become a month-to-month tenant. Ask me how I know? The last time a landlord tried that on me I:

    1. Got everyone in the building their deposits returned to them immediately (while they were still continuing tenants) because the landlord never advised where the funds were being held separately nor paid us interest on the deposits. The great thing about a Demand letter is that you can provide them to everyone just for the cost of paper and a small bit of ink.
    2. I received two months free rent, PLUS $2,000 to move out.

    To add insult to injury, I stole my landlord’s attorney and used him as my closing attorney when I bought our place. Even the secretaries at the law office whispered to me “We like you and your wife a lot better.”

    Tenants have all of the rights. Our landlords wanted us out because we got married while living there and my wife was pregnant. I offered my landlords a sweetheart deal. I gave them two offers. Offer one: I offered to buy the building from them (4 units, all legal). Offer two: Give us a six month lease and I’ll pay all of the rent up front and we’ll be out before the baby is born. They said no to that too. God forbid you piss off a smart guy like me, because it will cost you. The internet turns pretty much every engineer into a lawyer when it comes to representing himself on real estate matters.

    Flexibility? You mean when the landlord gives you notice to gtfo?

  101. D-FENS says:

    I understand now why liberal women always talk about the patriarchy, toxic masculinity and rape culture. They are speaking from experience. That’s what liberal men are like.

    Ottoman says:
    May 8, 2018 at 10:03 am
    Irony: right wing idiots claiming the left are hypocrites when they’ve built their entire power structure on people who claim religious moral superiority while supporting marriage cheating, mafia thugs. See also Simpletons.

  102. Fabius Maximus says:

    Meanwhile the NJ GOP is business as usual.

    MacArthur, R-3rd Dist., has introduced a bill that would block state officials in New Jersey and elsewhere, some of whom have zealously prosecuted Wall Street misdeeds, from bringing some cases against securities firms.
    http://www.nj.com/politics/index.ssf/2018/05/nj_has_a_bureau_to_prosecute_securities_fraud_macarthur_bill_would_stop_that.html

  103. The Original NJ ExPat says:

    Yeah, because that’s what liberal men bitch slap into them.

    I understand now why liberal women always talk about the patriarchy, toxic masculinity and rape culture.

  104. The Original NJ ExPat says:

    Just a different way to restate your idea, D-FENS

  105. The Original NJ ExPat says:

    NJ GOP? I thought it was extinct.

    Meanwhile the NJ GOP is business as usual.

  106. Fabius Maximus says:

    A platform issue for the First Lady should be low hanging fruit. But this administration manages to Screw that up as well.

    Melania Trump faces new plagiarism row over cyber safety booklet
    http://www.bbc.com/news/world-us-canada-44038656

    #TrueGreatness

  107. The Original NJ ExPat says:

    A platform issue for the Democrats should be low hanging fruit. All they’ve come up with so far is “Our cunt should have won.”

  108. No One says:

    Original ExPat,
    Between air conditioning and minivans, sounds like you’ve finally caught up to the 1980s!
    My wife has been driving 2 consecutive Honda Odysseys for the past 14 years or so. It’s by far the most practical vehicle on the road, but we just yesterday replaced it with an Audi Q7 because she and I thought she deserved a bit more luxury driving. The Audi is definitely more powerful and quieter and has fancier features, but the Odyssey transports more people and more cargo more easily, has more cupholders, more space to hold odds and ends. Probably gets better mileage too, and takes regular not premium gas. For pure utility, the minivan is hard to beat.

  109. grim says:

    Sad Ford stopped making the Flex, seemed like an ideal blend of minivan and suv. I didn’t mind the styling, although some hated it. I would have put wood grain vinyl on the sides and drove around with surfboards on the roof.

  110. No One says:

    The Democrats are against the use of language like calling someone a “normal person”. But when semi-normal people hear about alleged humanity lovers like Schneiderman “role playing” with feminist Tanya Selvaratnam and slapping her around while demanding she call him “master”, they think – that’s pretty weird. I wonder if Tanya will write a second book about how following her prior book’s advice to “free yourself from conventions” worked out for her? Seems like it took her a while to remember how to be a feminist:
    https://nypost.com/2018/05/07/ex-schneiderman-called-me-his-brown-slave-would-slap-me-until-i-called-him-master/

  111. Grim says:

    Trump watched shark week with a porn star, that f@cking deviant.

  112. Hold my beer says:

    Schneiderman was a no show at his last day of work. Wonder if he will get a pension. 12 years in the legislature plus his time as AG.

  113. 3b says:

    Catholic themed gala at the Met last night with Catholic themed dresses and costumes combined with cex of course! Very poor taste and offensive. Sarah Jessica Parker was there wearing an altar on her head. Fine I am sure as far as the left is concerned. Of course if this was another religion like the religion of peace there would be outrage!!

  114. D-FENS says:

    April was best month in history for U.S. budget, according to CBO figures

    https://www.washingtontimes.com/news/2018/may/7/cbo-says-april-was-best-month-history-us-budget/

    By Stephen Dinan – The Washington Times – Monday, May 7, 2018
    The federal government took in a record tax haul in April en route to its biggest-ever monthly budget surplus, the Congressional Budget Office said, as a surging economy left Americans with more money in their paychecks — and this more to pay to Uncle Sam.

    All told the government collected $515 billion and spent $297 billion, for a total monthly surplus of $218 billion. That swamped the previous monthly record of $190 billion, set in 2001.

    CBO analysts were surprised by the surplus, which was some $40 billion more than they’d guessed at less than a month ago.

    Analysts said they’ll have a better idea of what’s behind the surge as more information rolls in, but for now said it looks like individual taxpayers are paying more because they have higher incomes.

    “Those payments were mostly related to economic activity in 2017 and may reflect stronger-than-expected income growth in that year,” the analysts said in their monthly budget review. “Part of the strength in receipts also may reflect larger-than-anticipated payments for economic activity in 2018.

  115. The Great Pumpkin says:

    Maybe I will hit my wage inflation prediction. I hear that wages aren’t picking up, but then you see this. Wages have to finally be picking up for the majority of the population. Economy is strong.

    ““Those payments were mostly related to economic activity in 2017 and may reflect stronger-than-expected income growth in that year,” the analysts said in their monthly budget review. “Part of the strength in receipts also may reflect larger-than-anticipated payments for economic activity in 2018.”

  116. Hold my beer says:

    3b,

    I thought the theme was in poor taste also. Why not use a sci fi, historical time, a famous painting, or a movie as the theme? I guarantee the people who picked the theme view themselves as woke progressives.

  117. Hold my beer says:

    Pumps

    You may be right. I would think the 1% would have been better able to shield their income from taxes.

  118. D-FENS says:

    Mulvaney on proposing $15 billion spending cuts to Congress

    https://video.foxnews.com/v/5781809901001/?#sp=show-clips

  119. 3b says:

    Hold Yes it was. But so typical .

  120. chicagofinance says:

    “Weiner is gone, Spitzer is gone – next will be lightweight A.G. Eric Schneiderman. Is he a crook? Wait and see, worse than Spitzer or Weiner,” Trump tweeted on Sept. 11, 2013.

  121. grim says:

    Turns out everyone knew he was a freak?

  122. Fast Eddie says:

    When is Alec Baldwin going to play him on SNL?

  123. Comrade Nom Deplume, surfacing briefly for air says:

    “Ottoman says:
    May 8, 2018 at 9:59 am
    I’ll bet you miss the days when you didn’t have to rely on the cops to do your lynching for you.”

    If you didn’t live so far away, I might be tempted to agree.

  124. Comrade Nom Deplume, surfacing briefly for air says:

    Jeez, I pop in after weeks away and the fetish crowd of Gluteus, footrest, and fornicator all have their vinyl in a bunch over their Dom being busted.

    Back to work.

  125. chicagofinance says:

    Follow the bouncing ball……are you this naive? Why do you think everyone is going nutz?
    https://finance.yahoo.com/quote/%5ETNX?p=^TNX

    The Great Pumpkin says:
    May 8, 2018 at 9:47 am
    Ex, This is by no means the top. It’s only getting started as millennials enter the buyers market. They haven’t even started entering the market in masses yet. Low inventory problem is not going away, as the supply of buyers increase.

  126. chicagofinance says:

    Here is some footage of Schneiderman when he used to work as a cop…..
    https://youtu.be/FWx6IsqPUKk?t=2m

  127. Comrade Nom Deplume, surfacing briefly for air says:

    “The Original NJ ExPat says:
    May 8, 2018 at 10:30 am
    Yeah, because that’s what liberal men bitch slap into them.

    I understand now why liberal women always talk about the patriarchy, toxic masculinity and rape culture.”

    All mass movements eventually consume their own. #metoo will be no exception.
    Robespierre eventually met the National Razor. It was ever thus.

  128. 3b says:

    Let’s see what happens when mortgage rates go to 5 or 6 percent!

  129. 3b says:

    If the NY AG was a republican the usual suspects here would be outraged and they would have numerous comments instead, they deflect and hope it goes away because it screws up their narrative.

  130. Nomad says:

    Looks like the Tin Man will be paying more to keep his flexibility. Chi, guesses where TNX will be at end of Sept?

  131. Juice Box says:

    Fab – The problem is the Democratic Party in New jersey is so damn corrupt it makes the Republicans look like saints, they are still backing Menendez over anyone else. Lisa McCormick filled to run against Menendez as a Democrat, the corrupt Dems don’t even want another choice, primary is next month for those keeping tabs.

    https://www.facebook.com/pg/LisaMcCormickNJ/about/?ref=page_internal

  132. chicagofinance says:

    All you need to know about what happens when you let soc!alists run amok……

    Argentina Seeks Credit Line From IMF

  133. chicagofinance says:

    I’ve used this metaphor repeatedly……. I hate to be political, but government bureaucrats don’t understand that the economy is like a fire hose. Their attitude is simply “oh there is so much water, what is the problem if we just tap a bit for this or shunt some for that…” So the obvious issue is that the hose gets tapped too much, the pressure goes down, but the more subtle issue is that bureaucrats fail to understand that if the people at the end of the hose don’t get enough water, the actual SOURCE of the water pressure will ALSO begin to degrade.

  134. The Great Pumpkin says:

    I think people are overreacting due to the length of this bull market. The economy is strong, expecting 3% 10 year yields to kill this economy is just crazy. What’s the long term norm, we need 4 or 5% rates to even start to slow this economy down, as far as I’m concerned, 3% ten year yield is ultra low by historical standards. Economic cycles have ripped on much higher rates in the past.

    Plus, the fed got this. This is the most control I have ever witnessed by the fed, they are doing everything right. So I don’t see them raising rates that the economy can’t hanfle. Currently, they are not trying to bring down an overheated economy, they are simply assisting the growth in a tame way as to not let it get out of control.

    Just my two cents. You know how I feel about the growth of the economy over the next decade…..strongest of our life.

    chicagofinance says:
    May 8, 2018 at 1:32 pm
    Follow the bouncing ball……are you this naive? Why do you think everyone is going nutz?
    https://finance.yahoo.com/quote/%5ETNX?p=^TNX

  135. The Original NJ ExPat says:

    Pumps – You must be studying because your above post actually demonstrates some understanding of the economy. Here’s one more thing. The Fed has a huge balance sheet that they are slowly trying to reduce. But…even in between meetings they can do whatever the heck they want with the balance sheet, including stopping it from rolling off. I suspect that they are using the balance sheet to support any indication of an inverted yield curve. They can sell one maturity and buy another to keep the curve from inverting, kind of like a covert operation twist.

  136. D-FENS says:

    That was a great rate 12 years ago

    3b says:
    May 8, 2018 at 1:44 pm
    Let’s see what happens when mortgage rates go to 5 or 6 percent!

  137. The Great Pumpkin says:

    Scary stuff.

    “You know who else didn’t like the nuclear deal with Iran? The Ayatollahs and hardliners within that nation.

    You know who did like it? Iran’s moderates, and the average Iranian on the street.

    Just like Bush’s “Axis of Evil” speech a decade and a half ago, Trump is signaling to Iran’s populace that the U.S. is an enemy of theirs. In so doing, he’s undermining every force in Iran that wants a more liberal, democratic, open future, and driving the country more deeply into the hands of extremists.

    And he’s signaling to anyone else who may consider a deal with the US, like, say, North Korea, that the US isn’t to be trusted. That our word isn’t worth much at all.

    This is an epic, colossal blunder. It will increase Iran’s drive to become a nuclear power. And it will increase the misery and oppression of tens of millions of ordinary people living in Iran.”

  138. The Original NJ ExPat says:

    That was a great rate FIFTY years ago. I remember my Mom saying in the 1970’s how much the bank would love it if they sold our house…because the mortgage was at 5.5% …and the thought was that you would never see rates like that again. Anyone my age has now seen the very highest and very lowest interest rates in the last several thousand years.

    That was a great rate 12 years ago

    3b says:
    May 8, 2018 at 1:44 pm
    Let’s see what happens when mortgage rates go to 5 or 6 percent!

  139. The Great Pumpkin says:

    Wow, expat sort of didn’t throw me in the puddle of mud. Thanks!! What a beautiful day!

  140. Bystander says:

    May 8, 2018 at 3:06 pm
    That was a great rate 12 years ago

    It was great when the pigs were led to the trough thinking their home was going nowhere but up. It was a great “investment”. Now, it is a consumable like it should be. Seems like millennials are being set up like the Xers back in 04. I just don’t see it with student debt on top of limited job and wage security. I almost welcome an economic collapse just to picture Blump eating out of the cat litter box wondering what happened to his wage inflation and roaring 2020s predictions.

  141. The Original NJ ExPat says:

    I have a cousin who was awarded $240K free and clear from a lawsuit around 1982. She bought a brand new 1983 Camaro, paid off her parent’s mortgage, kept about $15K spending money and parked $200K in 13% 1 year bank CDs. She made $26K in one year just from interest on $200K. Part of a portfolio I manage has $1,050,000 in bank CDs,
    $250K long and $800K laddered short in 1 year CDs. That million will make $18,500 in interest this year.

  142. The Original NJ ExPat says:

    That same cousin also gave me her 1974 Buick Limited (highest optioned 225 Electra). 455 four barrel, 4 ash trays, three lighters. It was a boat. When I bought my first new car, a Honda CRX, about two years later, I traded down to a car that way less than half the weight with an engine that was SIX LITERS SMALLER. I think that has to be be close to a record. Anybody else go from a 7.5 liter engine to a 1.5 liter engine?

  143. Bystander says:

    Student loan debt just hit 1.5 trillion, up from 600b only 10 years ago. This is going to end badly.

  144. 3b says:

    Ex exactly! I remember when anything with a 7 handle on it was attractive. My point now is 5 or 6 will knock many out of the market and could cause the burst. A very smart legendary man at GS back in the day when I was starting out told me never look at the financing mechanism of the asset but the underlying value of the asset. The financing mechanism has been so’cheap’ that it has driven up the underlying asset value when that changes pop! The Fed propped up the market with artificially low rates instead of letting the market cleanse itself from the excess. This correction depending how high rates go could be worse.

  145. 3b says:

    Pumps I agree with you on the Iran item.

  146. The Original NJ ExPat says:

    Oblammy finds it impossible to just crack open another pack of of Marlboros and STFU.

    http://thehill.com/blogs/blog-briefing-room/386765-obama-withdrawal-from-iran-nuclear-deal-misguided

  147. 3b says:

    Bystander the amount of student loan debt many of the young people have in my office is astounding. Many six figures and up! I guess many of these wealthy boomers and gen x ‘s did not pay for their children’s education.

  148. 3b says:

    Ex not that I care about Iran but I doubt Obama even heard of Iran before taking office never mind Ukraine or Crimea.

  149. Bystander says:

    3b,

    Underlying value of an asset? A very smart Jr. credit analyst once told me that you can never overpay for a house because of the appraisal system is trustworthy and banks won’t allow it to be overvalued. I mean it would be preposterous to think the system could be set up just to rubber stamp the transaction so everyone gets paid. No way you could overpay by 50k..wink wink.

  150. The Original NJ ExPat says:

    LOL. Remember The Ex-Police on SNL?

    https://www.nbc.com/saturday-night-live/video/xpolice/3007498

    Here is some footage of Schneiderman when he used to work as a cop…..
    https://youtu.be/FWx6IsqPUKk?t=2m

  151. Bystander says:

    3b,

    No but the parenta co-signed which is worse. A kid can’t get into six figure debt without someone backing it.

  152. 3b says:

    Bystander: I know that I guess that’s what they mean when they said they paid it. They co signed so their kids can pay it!! I can’t tell you how many people I know who have lied about paying for their kids college. I am sure there are parents helping out their kids with these loans but helping out is different than paying. Almost all of my kids friends have student loans that they are paying. They are stunned when my kids say we paid for their education.

  153. 3b says:

    By one thing I will give pumps he is unwavering in his belief that real estate or at least his house is a money machine with no risk, the sky is the limit. He is a zealot. I always wonder why he is so obsessed with it.

  154. Yo! says:

    What are opinions of Rutgers, the New Brunswick campus? I can afford and would pay Ivy League and similar (Stanford, University of Chicago) tuition. But wouldn’t want to pay Villanova or NYU tuition when Rutgers is option.

  155. 3b says:

    Yo one of mine went there and got a great education both BA and MBA. He had some great profs as well. He studied hard and was involved on campus as well. I know some turn their noses up at it as the campus is not beautiful in their eyes. However when you go behind college ave in the day old section that has beautiful old buildings with that ivy feel that many parents want their children to pay for.
    ..

  156. Libturd says:

    Rutgers is a very good school for learning.

  157. Fabius Maximus says:

    Trump makes no sense, I can’t see any upside to this.

    https://twitter.com/PaulReggio1/status/993955013184704514

  158. The Original NJ ExPat says:

    Believe it or not, kids can get loans their parents don’t know about. Sure, they need some work history and a credit score, but still not too hard to get for Juniors and Seniors in college. Worse yet, they are usually usurious private loans where the kid just signs a paper and gets handed cash (actually a check).

    No but the parenta co-signed which is worse. A kid can’t get into six figure debt without someone backing it.

  159. Fabius Maximus says:

    And so it begins.

    AT&T allegedly paid $200,000 to Cohen as it was facing threat of Trump administration antitrust suit
    https://twitter.com/justinjm1/status/993979467084324865

    Michael Cappetta @MCappetta 38 minutes ago
    Breaking: Statement from @ATT about new allegations: “Essential Consulting was one of several firms we engaged in early 2017 to provide insights into understanding the new administration. They did no legal or lobbying work for us, and the contract ended in December 2017.”

  160. joyce says:

    “And so it begins”

    How many times have we heard that already.

  161. Fabius Maximus says:

    Fascinating reading.
    https://www.dropbox.com/s/pskgpwr15r48tx5/Executive%20Summary.pdf?dl=0

    The allegations were initially made Tuesday by Michael Avenatti, porn actress Stormy Daniels’ lawyer, and confirmed by a source familiar with the matter.

    “How the fcuk did Avenatti find out?” the source asked

  162. Fabius Maximus says:

    Grim, in mod.

  163. grim says:

    out

  164. Californicator says:

    3:32 went from a 351 Cleveland to a 2.0 914 once.

  165. The Original NJ ExPat says:

    That’s only a 3.25 liter drop. Torino?

    3:32 went from a 351 Cleveland to a 2.0 914 once.

  166. The Original NJ ExPat says:

    I meant 3.75 liter drop.

  167. The Original NJ ExPat says:

    BTW, car engines have pretty amazing outputs right now. Our 1972 Vega had a 2.3L engine and produced 60 hp. If you had the Vega “GT” with the two barrel carb it produced 70 hp.

  168. nwnj says:

    Fabius continues to play the useful idiot.

  169. The Original NJ ExPat says:

    Obama paid me to fill his wife’s snatch with a carton of cigarettes. I could have loaded in two cartons.

Comments are closed.