“This time it’s different”

Podcast from NPR:

Rising Home Prices Lead To Worries Of Another Housing Market Bubble

GOLDING: Is the area affordable? The bubbles are when you’re getting away from the fundamentals – when the demand is sort of outstripping the supply, but that demand can easily disappear.

VANEK SMITH: Ed and his team found that, nationally, the median household can afford the median house. So overall, housing in the U.S. is affordable, and that was not the case back in 2006.

GOLDING: Nationally, there’s really no sign of a bubble. But as real estate is local, we tried to focus on a few metropolitan areas that at least bore watching.

VANEK SMITH: In other words, there’s no national housing bubble, but there are, you know, baby bubbles.

GOLDING: I’m not using the bubble word. These are just cities that, based on our measure, show lack of affordability and a rapid rise in house prices. Many…

VANEK SMITH: OK, so this isn’t a bubble. This is just a little overheated maybe.

GOLDING: These are things – things are places to keep an eye on.

VANEK SMITH: These are places where housing is just way more expensive than the average resident can afford. Top cities – the top baby bubbles – were San Francisco and San Jose. In San Francisco, the Urban Institute concluded fewer than a quarter of local residents could afford to buy a home. Miami, Portland, Seattle and Los Angeles showed similar numbers, and so did Riverside, Calif., where developer Randall Lewis has seen business triple over the past couple years. And I asked Randall if this worried him.

LEWIS: Look, I remember going to a conference, and someone said the four most dangerous words in real estate are this time it’s different.

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120 Responses to “This time it’s different”

  1. homeboken says:

    Nummer Eins.

  2. grim says:

    Re: Convergys

    This is a head scratcher for most of us, they are #2 by revenue in the industry after picking up Stream, and making a run to buy Intelenet. Gunning for a merger that would top Teleperformance perhaps?

    Issue is, for the big providers, a merger or peers with significant geographical overlap is incredibly painful. Being taken private is a potential option.

    Or, being scooped up by a pure-play tech or consulting firm as a vertical integration play. Challenge there is cultural fit, or lack thereof.

  3. Yo! says:

    Home prices are going down across swaths of NJ. During this environment of home price appreciation nationally, many NJ counties suffer home price declines. Here, declining prices are a bigger problem than rising prices (how many foreclosures happen in Hoboken versus Camden?).

    Every cycle is different. Texas was worst hit during 1980s housing downturn, then was rock solid through the oughts bust.

    Housing “experts” are stupider than CNN and Fox News contributors.

  4. chicagofinance says:

    Here is an opinion piece, but it really states a lot of facts from my view……. I wish more people would just pay attention to things in the context of what really happened, and not just garbage Tweeting in 2018….

    The dismantling of Obama’s legacy proves our government still works
    By David Harsanyi

    It’s strange that a president who had such a transformative effect on our national discourse will leave such a negligible policy legacy. But Barack Obama, whose imperial term changed the way Americans interact and in some ways paved the way for the Trump presidency, is now watching his much-celebrated and mythologized two-term legacy be systematically demolished.

    When President Trump announced that the United States would withdraw from the Iran nuclear deal, he was able to do so without much difficulty because the agreement hinged on presidential fiat rather than national consensus. Obama’s appeasement of Iran was only one in a string of unilateral norm-busting projects that deserve to be dismantled.

    You’ll remember the panic-stricken coverage we endured when the United States withdrew from the faux international Paris climate agreement last year. It’s true that the deal was oversold as a matter of policy, but it was symbolic of how the Obama administration concerned itself more with international consensus than domestic compromise.

    We know because the president would never have won ratification for a deal remotely similar to the one he entered — nor did he attempt to. Obama had about as much interest in genuine concession as his political adversaries did.

    The defense rested on the idea that the Republican-led Congress had failed to “do its job” and act on issues Democrats had deemed vital. But Congress, of course, “acted” all the time by checking the president’s ambitions. This was not only well within its purview but also in many ways the reason the electorate handed the GOP Congress in the first place.

    Even if you substantively supported Obama’s actions, the reasoning that girded these supposedly temporary executive decisions was soon revealed to be abusive. In 2012, Obama told the nation that the Deferred Action for Childhood Arrivals program, a stand-in for legislation, was merely a “temporary stopgap measure.” By the time Trump overturned it, the measure represented “who we are as a people.” That’s because by “temporary” Obama always meant “until Democrats can make it permanent through the courts or electoral victories.”

    When it became inconvenient, they began arbitrarily implementing parts of laws. When the president decided ObamaCare’s employer mandate was politically inconvenient, he simply skipped it for expediency.

    The Constitution doesn’t say, “No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law unless liberals tell us it’s super important.” Yet shortly after the passage of the Affordable Care Act, the Obama administration realized it would need more subsidies and asked for an appropriation from Congress.

    When Congress, then teeming with politicians elected on the promise of overturning ObamaCare, refused, then-Treasury Secretary Jack Lew ordered the administration to begin making “cost-sharing reduction” payments anyway, without any public legal justification. Obama created a $7 billion-per-year appropriation for insurance companies. Not a single liberal pundit that I know of concerned himself with this norm-breaking.

    One federal court found the ObamaCare subsidy unconstitutional, and the case was working its way toward the Supreme Court. But then again, no administration in memory was stopped more often by courts, often by unanimous Supreme Court decisions. Whether it was ignoring the Senate in making appointments or claiming to rewrite employment law, Obama tried to function without constitutional restraints.

    None of this even breaches the unprecedented regulatory regime Obama built to circumvent the legislative branch. Even The New York Times characterized his governing as “bureaucratic bulldozing, rather than legislative transparency.”

    Fortunately, it is also unsustainable. As we now see, this kind of governance not only corrodes constitutional order but also undermines stability, as new presidents busy themselves overturning the executive actions and international agreements enacted by the previous. While most Americans aren’t sticklers for process, it seems they are content with destroying legacies built on the rickety foundation of unilateralism for political reasons.

    That’s fine, too. It means that if Trump engages in similar legislative efforts through the executive office, his agenda will also be dismantled one day. That’s as it should be.

    David Harsanyi is a senior editor at The Federalist

  5. chicagofinance says:

    Stupider is a word that lack precision in this case. I guess the really question is what is their job, and how are they communicating with the public given that mandate?

    Yo! says:
    May 12, 2018 at 8:19 am
    Housing “experts” are stupider than CNN and Fox News contributors.

  6. The Original NJ ExPat says:

    “but it was symbolic of how the Obama administration concerned itself more with international consensus than domestic compromise.”

    Trump Voter: “That’s one of the reasons I voted for him.”

    Hillary Voter – “Only Racists don’t bow down to Europe.”

  7. Bystander says:

    Funny, I don’t recall this obsession with dismantling a prior president’s legacy. Bush’s legacy was unjustified wars that killed 200k civilians, ushering in second depression and creating too big to fail policy and bailout culture. Obama’ big sin was getting poor people health coverage. Boehn-head and Turtle face McConnell pulled the ball up for his second term so it did become executive order presidency but Trump’s garbage policy of just pulling out of anything Obama did does nothing for how people will view him in the future. He will be revered for handling one of worst periods in the country with dignity and handing over growing healthy economy to the Orange idiot.

  8. joyce says:

    Chicagofinance,

    “While most Americans aren’t sticklers for process”

    Haven’t we disagreed on this multiple times?
    If I read the article correctly, it is in favor of following the rules/process (constitutional and other laws) when implementing new programs – the ends never justify the means. I couldn’t agree more. In fact, I don’t know how people justify not doing so with a straight face. And I mean that for everything the government touches (which is basically everything these days). How does this not conflict with your negative view towards not putting ‘form over substance’?

  9. joyce says:

    Bystander,
    https://abcnews.go.com/Politics/Obama100days/story?id=7042171&page=1
    In his first 100 days in office, President Obama has demonstrated a clear departure from his predecessor.

    You can also google “Obama reverses Bush era”

  10. Bystander says:

    Exactly Joyce. I am against more people in prison for marijuana, restricted “enhanced interrogation” aka torture and more stem cell research if people are willing to donate. How ridiculous, right?

  11. joyce says:

    Exactly Bystander. I oppose all those things or maybe I support them. Or maybe just maybe I responded to the content of your post and offered no opinion on any of those other items.

  12. Bystander says:

    Got it. Glad you pointed out that the article’s premise is garbage. Bush had 43 EOs to Obama’s 44. Obama “rogue presidency” was not unprecedented? Wonder why this was not pointed out by the gentleman in 2009 as Obama’s term started.

  13. joyce says:

    News outlets, reporters, the government et al rely on the fact that most people have a memory the size of a gnat. Themselves included, which makes it difficult to be sure if they’re intentionally dishonest or just stupid in their articles.

  14. joyce says:

    I give you the award winning show 60 minutes as a fine example: https://m.youtube.com/watch?v=S0WV9YPjW7w

  15. Yo! says:

    http://njar-public.stats.10kresearch.com/docs/lmu/x/SalemCounty?src=page

    Home prices -35% this year. Not because a bubble formed, just the local economy is in shambles.

  16. Bystander says:

    My mistake, I misread the stat. Bush has 291 EOs to Obama’s 276. What is this about Obama’s unprecedented circumvention of legislative branch?

  17. The Original NJ ExPat says:

    Well, that cinches it. George Will is showing it’s time that he and his ideology be put out to pasture.

    Mike Pence, with his talent for toadyism and appetite for obsequiousness, could, Trump knew, become America’s most repulsive public figure.

    https://www.washingtonpost.com/opinions/trump-is-no-longer-the-worst-person-in-government/2018/05/09/10e59eba-52f1-11e8-a551-5b648abe29ef_story.html

    George Will is just recycling his 1986 “lap dog” article from 32 years ago about then VP George Bush. Will is such a lazy coward.

    A seriously flawed and biased coward too.

    https://www.washingtonpost.com/archive/politics/1986/01/30/george-bush-the-sound-of-a-lapdog/9322b0c0-c006-4709-99fc-4283fcb35ea8

  18. The Original NJ ExPat says:

    ^^^ The real fear: The “blue wave” is turning out to be a small, swamp-like, stagnant, mosquito-infested, blueish puddle of stench.

  19. The Original NJ ExPat says:

    Obama’ big sin was getting poor people health coverage. believing he was a dictator, and feeding on that belief he bypassed Congress and the will of the American people using executive fiat. He was the president, he was, in his mind, as George Bush coined, “the decider”. Well guess what? If you want to be the executive “decider”, you are easily outdone by the next decider. The constitution provides for this, which was the entire subject of the article.

    BTW, wouldn’t it have been so much fun if mainstream media reporters made as much fun of the color of Obama’s skin as they do of Trump?

  20. The Original NJ ExPat says:

    ushering in second depression – that would be Clinton. Google “Glass-Steagall.” It was working fine since 1933 until Clinton repealed it in 1999. Guess who else signed into law the Commodity Futures Modernization Act in 2000 on his way out the door? In the last few decades if you don’t look at the Clintons first for all situations of financial ruin stemming from rampant corruption you are only proving that you are really, really, really against profiling…or deranged.

    If you want to blame Greenspan on Reagan, I’ll accept that.

  21. Chi says:

    I am not disagreeing with your fact, but can you provide more context? In the same vein, Apple and the corner Bodega can be counted as two businesses domiciles in the United States.

    Bystander says:
    May 12, 2018 at 12:28 pm
    My mistake, I misread the stat. Bush has 291 EOs to Obama’s 276. What is this about Obama’s unprecedented circumvention of legislative branch?

  22. Chi says:

    Domiciled

  23. The Original NJ ExPat says:

    Heh-heh. This runs full circle into George Will’s article. Cheney, as most people know, was primarily a single purpose political operative. He had one primary purpose as VP, and it was well documented: Bring more power back to the office of the President. He succeeded. Obama was the first holder of the new and improved light sabre.

    My mistake, I misread the stat. Bush has 291 EOs to Obama’s 276. What is this about Obama’s unprecedented circumvention of legislative branch?

  24. nwnj says:

    Bystander Bama never achieved 3% growth over a year. Only prez who never did.

    To a Lot of people his economy sucked. He will be remembered as totally inept at best. He has no accomplishments.

    Let’s see too how close he was to the corruption that went down related to the 2016 election. His fbi rigged an investigation and then several departments tried to frame up an incoming administration. It could become a big part of his legacy.

  25. The Original NJ ExPat says:

    Wow. I’m surprised Newsweek ran with this:

    The fact is, Chicago has a gun problem because it has father problems. And gun control isn’t the remedy: self-control is. When boys don’t have fathers, they have no one to teach them how to channel their masculine impulses in positive ways.

    Without fathers, young men seek out masculine love and acceptance wherever they can find it. Tragically, they find that acceptance and belonging in gangs.

    Ask any teacher, probation officer, social worker or pastor and they’ll tell you that fathers matter.

    http://www.newsweek.com/americas-real-racism-ignoring-senseless-killing-our-black-fatherless-boys-917598

  26. Fast Eddie says:

    Oblama was a fraud… a nothing, void, ineffectual, forceless, worthless, invalid bullsh1t artist. He accomplished nothing and represented weak-minded, keyboard warriors seeking a direction.

  27. NJdepartment. says:

    How the F this thread started with RE and turned into a political crap discussion??

  28. Randy says:

    Obama was a pompous jerk

  29. The Great Pumpkin says:

    Why I’m not rushing to pay off my $100,000 mortgage – Business Insider
    https://apple.news/ABuIni4DxQCmpP4YQT6qunA

  30. The Great Pumpkin says:

    60% of furniture-making jobs in North Carolina have disappeared to China — but the state found a creative new way to fight back – Business Insider
    https://apple.news/Ah7Hy_cFbSbSTUh1xWcp-3Q

  31. Leftwing says:

    Those are some ugly stats in Salem

  32. Juice Box says:

    The next time John Kerry decides to meet with Iranians, I hope Trump releases footage of it filmed from the missile cam of a predator drone.

    https://i.imgur.com/vmGaPbl.png

  33. The Original NJ ExPat says:

    Obama seems to be hunkering down in his bunker more and more. I take that as bad acts will be exposed soon, probably starting with the next IG report.

    I seriously wonder if they were doing all the bad stuff with the FBI and DOJ to move the election to Hillary….or…. were they so full of hubris thinking she would win that they were just laying the ground work for and even more corrupt “Lock HIM up.” prison term for being exposing her cuntiness.

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  35. nwnj says:

    Clearly bama folk with or without his involvement felt empowered to start the resistance movement well before leaving office. They used all the tools of government and fed the constitution through a paper shredder in the process. Not surprising I suppose for a political movement shaped by the terrorist wing of the party.

  36. dentss dunnigan says:
  37. The Original NJ ExPat says:

    ^^^ And if anyone shied away from that link, because it is Zero Hedge, here it is right from the horse’s (Fed’s) mouth:

    http://midwest.chicagofedblogs.org/?p=3096

  38. The Original NJ ExPat says:

    It might work for NJ too.

    In our view, Illinois’s best option is to impose a statewide residential property tax that expires when its unfunded pension liability is paid off. In our baseline scenario, we estimate that the tax rate required to pay off the pension debt over 30 years would be about 1%. This means that homeowners with homes worth $250,000 would pay an additional $2,500 per year in property taxes, those with homes worth $500,000 would pay an additional $5,000, and those with homes worth $1 million would pay an additional $10,000.

  39. The Original NJ ExPat says:

    In other words, instead of funding your own retirement you will be required to directly pay for the pensions of your retired state employees.

  40. chicagofinance says:

    Be careful……. it likely involved Russians as well.

    nwnj says:
    May 13, 2018 at 9:06 am
    Clearly bama folk with or without his involvement felt empowered to start the resistance movement well before leaving office. They used all the tools of government and fed the constitution through a paper shredder in the process. Not surprising I suppose for a political movement shaped by the terrorist wing of the party.

  41. Very Stable Genius says:

    @billmaher

    Everything Trump does is modeled on the mob.
    He’s using a legitimate front business, in this case, the White House to enrich the family.
    #TheDon
    #Cohen

  42. Very Stable Genius says:

    @kylegriffin1

    Still find it remarkable that Michael Cohen made most of these consulting deals (or kept receiving money from these deals) while he was National Deputy Finance Chairman of the RNC.

  43. chicagofinance says:

    Genius: I haven’t really paid attention, but Cohen had money troubles due to bad investments, yes?. Just because Cohen SOLD access, didn’t mean he HAD access…… agreed? He may have been desperate and foolish (and scummy)…..

  44. chicagofinance says:

    I see FlabMax was up in Cambridge recently….

    BOSTON — Harvard University is investigating after a swastika was found on a school bulletin board.

    Officials say the symbol was arranged using push-pins and was discovered by a student Thursday at one of the university’s public health buildings.

    Spokesman Sam Harp said the swastika was two or three inches wide and was removed after the student reported it.

    Harvard’s police department is investigating. The school said it doesn’t know who’s responsible.

    A statement from Harp says symbols of anti-Semitism and hatred are “anathema to our values” and that Harvard officials were appalled by it.

    The Anti-Defamation League says similar incidents have been on the rise at U.S. colleges.

    The group found that white supremacist propaganda was discovered on campuses 147 times in fall 2017, a threefold increase over the fall before.

  45. Very Stable Genius says:

    @stealthygeek

    Michael Cohen went on a shakedown tour of international corporations and funneled the money he extorted from them to refill the same bank account he used to pay off Trump’s adult star mistress and the media continues to pretend they’re not literally the mafia.

  46. The Original NJ ExPat says:

    Russian Collusion – didn’t work, only evidence is against DNC
    Obstruction of Justice – Not true, Comey confirms it in memos
    Slept with big t1tted p0rn star – Nobody cares, approval rating goes up
    had lawyer pay her off, and reimbursed him – Nobody cares, approval rating goes up

    Trump is a Mafia Don

  47. dentss dunnigan says:

    Stabbing rampage Paris; Knifeman shouts ‘Allahu Akbar’…

  48. Juice Box says:

    Lol NY Times

    Liberals, You’re Not as Smart as You Think

    By Gerard Alexander

    http://archive.is/1I5qz

  49. Fabius Maximus says:

    Wow, whole lot of dumb in this thread. Where to start.
    Chi, see your failing to do your Due Diligence again.

    “David Harsanyi is a senior editor at The Federalist”
    So a Right winger who writes for a publication that defended Roy Moore dating Teenage Girls, writes a hatchet piece on O’s legacy? Where’s the news in this?

  50. Fabius Maximus says:

    “^^^ The real fear: The “blue wave” is turning out to be a small, swamp-like, stagnant, mosquito-infested, blueish puddle of stench.”

    Keep holding that view. Lot of people realizing that Donnie is all hat no cowboy.
    http://money.cnn.com/2018/04/09/news/economy/trump-farmers-china-tariffs/index.html

  51. Fabius Maximus says:

    “Obama seems to be hunkering down in his bunker more and more. ”

    Typically the Ex Pres takes a low profile as to not interfere with the new administration. I think O has only come out twice to criticize Donnie and one of those was last week on when Donnie broke the agreement with the Iranians. But hey, knock yourself out with the conspiracy theories.

    Anyone else see the irony with offering NK the same deal you just reneged on.

  52. Fabius Maximus says:

    Russian Collusion – didn’t work, only evidence is against DNC
    Obstruction of Justice – Not true, Comey confirms it in memos
    Slept with big t1tted p0rn star – Nobody cares, approval rating goes up
    had lawyer pay her off, and reimbursed him – Nobody cares, approval rating goes up

    23 Indictments and counting!

  53. Fabius Maximus says:
  54. Fabius Maximus says:

    To quote Lou Reed ” You’re going to reap just what you sow ”

    ‘Tricked by the dev1l.’ They backed Trump. Now, his foreign labor cuts may ruin them.
    http://www.kentucky.com/news/local/news-columns-blogs/tom-eblen/article210676214.html

  55. The Original NJ ExPat says:

    Most of them against Russians they expect will never be tried, except maybe Mueller didn’t think this through when littering the landscape with phony indictments…

    http://insider.foxnews.com/2018/05/10/robert-mueller-court-russian-company-trump-probe-joe-digenova-says

    23 Indictments and counting!

  56. The Original NJ ExPat says:

    In a brief court proceeding in Washington, D.C., on Wednesday, an attorney for a Russian company indicted by special counsel Robert Mueller entered a plea of not guilty to charges related to alleged Russian meddling during the 2016 campaign.

    https://abcnews.go.com/Politics/russian-company-indicted-mueller-pleads-guilty-election-meddling/story?id=55051068

  57. Fabius Maximus says:

    ExPat, keep hoping. First of many showing up to the Big House!

    https://www.politico.com/story/2018/05/08/russia-probe-prison-mueller-zwaan-574609

  58. joyce says:

    Fabius,
    If you’re job paid $12-17/hr and was only a few months at a time, would you do it?

  59. leftwing says:

    Americans are pussies.

    We have not interfered in elections. Since WW2, we have dictated exactly who is going to govern a dozen or better countries and provided support and materiel to make it happen.

    And we get our underwear all twisted up because a regime that has been hostile to us for 75 years makes a few Facebook and Twitter posts….

    The Russians and their sphere must be laughing their asses off at us.

    Talk about that liberal touchstone, international respect…lol, the US is like the biggest kid, pseudo bully on the block running home to mommy when the scrawny kid finally pushes him back.

    The ‘investigation’ of Russian meddling is the embarrassment…I’m waiting for a Russian entity charged in the US with meddling to file a very succinct response in Federal Court: “No shit, you dumb fcuks”. LOL.

  60. leftwing says:

    “ExPat, keep hoping. First of many showing up to the Big House!”

    OMG!!! The end is Neigh!!!!

    30 days, lol, for lying to feds.

    That’s what you got? Really? Pop the Cristal! lolololol.

  61. leftwing says:

    And I’ve cautioned everyone before……recognize who is a Fed and who isn’t….ANY untruth can get you years if they want to prosecute, it does not even need to be relevant to the investigation or an outcome…

    Filing your taxes late and for some reason mention to the official on the phone that you happened to be ill (and weren’t)? Guilty.

    Customs form on the airplane and you put down $400 when you’ve got $1000? Guilty.

    The lying to Feds charge is unique….local LEO does not have the same. If you ever interact with a Fed official just STFU and don’t offer ANYTHING. Zero explanation. Don’t ever answer the question ‘why’.

    Remember, it’s not the underlying action that usually gets you in trouble, it’s the lie.

    Absolute BS charge (especially since LEO are allowed to lie to you to coerce information) but it exists. Be aware.

  62. Fabius Maximus says:

    Joyce,

    That’s a dumb question even from you.

    Do I know people that work only a few months of the year, to make enough to take the rest of the year off? Yes.

  63. The Original NJ ExPat says:

    2 questions:

    1. Which couple last had sex together: Hillary and Bill? Oprah and Stedman?
    2. Was it this century?

  64. joyce says:

    Do you care to actually answer the question I asked?

    Fabius Maximus says:
    May 13, 2018 at 9:08 pm
    Joyce,

    That’s a dumb question even from you.

    Do I know people that work only a few months of the year, to make enough to take the rest of the year off? Yes.

  65. Libturd says:

    Who would’ve thought that a Dem administration would be hell bent on cracking down on predatory lending to private colleges and a Rebub admin would not have an issue with it? Yet Dems have no issue raising taxes to make PUBLIC colleges free for all.

    There were a couple of nuggets in the threads this weekend. That Illinois Pension solution is quite telling. I expect Murphy to go this route sooner, rather than later.

    The Times opinion piece on the current Dem strategy of painting with too broad of a brush was what I’ve been saying since long before the election. You know, about the times that Fab, Moana and Toadstool were all calling us all racist misogynists.

    Catch ya all tomorrow.

  66. Fabius Maximus says:

    “Do you care to actually answer the question I asked?”

    No because its dumb and pointless.

  67. Fabius Maximus says:

    Another day, and more comes out. Avanattis discovery seems to be paying off (pun intended)

    Why Commerce Secretary Ross and his Russian ties may be next in Mueller’s investigation
    http://www.nj.com/opinion/index.ssf/2018/05/ex-clinton_and_bush_spokesman_why_the_commerce_sec.html

  68. Fabius Maximus says:
  69. Hold my beer says:

    I guess everyone is still working on their reaction videos to childish gambino

  70. Very Stable Genius says:

    @Amy_Siskind

    Here’s a fun one: FDA employees were informed in an email that their TV’s must be tuned to Fox News per order of the Trump regime. Yep, perfectly normal!

  71. D-FENS says:

    Why do Democrats like to punch girls? Slap and spit on them too? They sound like awful people!

    Very Stable Genius says:
    May 14, 2018 at 7:58 am
    @Amy_Siskind

    Here’s a fun one: FDA employees were informed in an email that their TV’s must be tuned to Fox News per order of the Trump regime. Yep, perfectly normal!

  72. D-FENS says:

    Check the top of the website. You must be new here. Enjoy.

    New Jersey Real Estate Report Real Estate, Economics, and Politics

    NJdepartment. says:
    May 12, 2018 at 2:31 pm
    How the F this thread started with RE and turned into a political crap discussion??

  73. Californicator says:

    8:16 I
    Like to put the tip in…..

  74. chicagofinance says:

    Weren’t you the plebe that whined about ad hominem attacks? I don’t care who he is. I read his opinion and I thought he made valid comments.

    Why don’t you shut up you drunk, diminutive, river-dancing, neo-nazi, Mick.

    Fabius Maximus says:
    May 13, 2018 at 7:08 pm
    Wow, whole lot of dumb in this thread. Where to start.
    Chi, see your failing to do your Due Diligence again.

    “David Harsanyi is a senior editor at The Federalist”
    So a Right winger who writes for a publication that defended Roy Moore dating Teenage Girls, writes a hatchet piece on O’s legacy? Where’s the news in this?

  75. The Original NJ ExPat says:

    Actually had switch on the heat for a bit over the weekend. Several days in only the high 50’s expected this week too. Gore is up to something again.

  76. joyce says:

    Then why did you respond at all? And why respond with what you admir is an off topic comment

    Fabius Maximus says:
    May 14, 2018 at 6:10 am
    “Do you care to actually answer the question I asked?”

    No because its dumb and pointless.

  77. joyce says:

    The point is just because an employer wants to hire someone at a given wage level doesn’t mean they have an innate right to do so. That [should] be the case for seasonal farm workers as well as those in Silicon Valley and wherever else visa’s are abused.

    Maybe not enough Americans want to move to a new state just to earn $12/hr for a few months out of the year with no guarantee of finding more work after the season ends.

  78. The Original NJ ExPat says:

    Maybe not a terrible “call”, as Pumps would say. About halfway through the period, let’s see what the rest of the ride looks like.

    BTW, I made the correction call 4 days before the top. I also, unlike Pumps, made clear that my “call” was indeed based on my own thoughts, not mythical data of cycles and demographics earned during post grad research on any of my three equally mythical degrees.

    The Original NJ ExPat says:
    January 22, 2018 at 2:59 pm
    ****Disclosure: Sheer conjecture on my part*****

    1. The US stock market will “correct”, as they say from maybe April until August or so.
    2. Dems will tout the end of the “Trump Economic Lie” during this period.
    3. The US stock market will turn back up in late August or early September.
    4. Dems get crushed in the mid-terms.
    5. More protests and violence isolated to cities that still want Hillary.

  79. The Original NJ ExPat says:

    GED study words for Pumps:

    sheer
    SHir, adjective
    1. nothing other than

    con·jec·ture
    kənˈjekCHər, noun
    noun: conjecture; plural noun: conjectures
    1. an opinion or conclusion formed on the basis of incomplete information.

  80. The Great Pumpkin says:

    Federal Sports-Wagering Ban Overturned by U.S. Supreme Court – Bloomberg
    https://apple.news/AC_3xov5sQQihcfW6bpF99w

  81. The Original NJ ExPat says:

    Las Vegas : Ruh- Roh!

    Federal Sports-Wagering Ban Overturned by U.S. Supreme Court

    The U.S. Supreme Court struck down the federal law that bars gambling on individual sporting events in most of the country, in a ruling likely to unleash a race among the states to attract billions of dollars in legal wagers.

    https://www.bloomberg.com/news/articles/2018-05-14/federal-sports-wagering-ban-struck-down-by-u-s-supreme-court

  82. The Original NJ ExPat says:

    Beaten by Pumps, but his presentation is weak.

  83. The Original NJ ExPat says:

    WYNN dropping like a stone

  84. joyce says:

    NJ won’t implement anything until it’s cartelized – same with weed.

  85. The Original NJ ExPat says:

    I concur. Is cartelized a word? If not, it should be!

    NJ won’t implement anything until it’s cartelized – same with weed.

  86. Fast Eddie says:

    Jerusalem recognized – another Trump victory by a president with balls as the snowflake crowd melts into their collusion cheerios. Oblammy is realizing a legacy can only go so far built on rhetoric and symbolism.

  87. The Original NJ ExPat says:

    …and executive fiat. Smoke ’em if you got ’em Hussein.

    Oblammy is realizing a legacy can only go so far built on rhetoric and symbolism.

  88. Very Stable Genius says:

    @TheRaDR

    Praying for Palestinian protesters in Gaza.

    Praying for the perhaps many Israelis and Palestinians likely to suffer as this dangerous embassy move blows up.

    Furious w/both Israeli and American governments for choosing, once again, power over peace, human dignity, human rights.

  89. Very Stable Genius says:

    @MittRomney

    Robert Jeffress says “you can’t be saved by being a Jew,“ and “Mormonism is a heresy from the pit of hell.”
    He’s said the same about Islam.
    Such a religious bigot should not be giving the prayer that opens the United States Embassy in Jerusalem.

  90. Fast Eddie says:

    NJ going to sports betting. Good! The lesser informed crowd needs to pay for some of their freebies in the form of taxes.

    https://finance.yahoo.com/news/u-top-court-backs-jerseys-141028140.html

  91. leftwing says:

    “Another day, and more comes out. Avanattis discovery seems to be paying off (pun intended). Why Commerce Secretary Ross and his Russian ties may be next in Mueller’s investigation”

    So much fun watching these guys try to learn about the real world…kind of like watching a three year old try to master a tricycle or a Southern baptist decipher LGTBQxyz…..

    Newsflash, money moves into hot areas with smart people. The mirror image of the LBO boom was the DIP explosion in the later 80s. Ross was there, as was Darla Moore, Richard Rainwater….

    Then money and people go to Eastern Europe, then tech, then Russia, then RE….etc, etc

    I know all I need to about Avanetti with the publication of his ‘facts’ the other day and a quick google of him. Cheap political hack with shiny little tricks…let’s see what comes out on him eventually.

  92. Fast Eddie says:

    By the way, a house sales tour guide knocked on my door this past weekend and asked if I was interested in selling. My Sis in law answered as I wasn’t there. The house has great curb appeal, very homey overall and great locale. It’s a charming abode and perhaps a client of theirs was inquiring or they’re seeking inventory.

  93. Californicator says:

    Nice edwardo nice. US News & World Report: California second to Massachusetts in number of highly rated public schools.

  94. chicagofinance says:

    Happy Mother’s Day….. Sao Paulo Edition
    https://www.youtube.com/watch?v=oJ9UGIARN0Y

  95. chicagofinance says:

    For Stu:
    HOBOKEN – Expect NJ Transit officials to be in full riot gear, standing behind a large spit guard, as they confront ticked-off commuters during a “We Are Listening” tour that occurs today at the Hoboken terminal. This up-close-and-personal meeting with cranky customers takes place during the evening commute, from 4:30-6:30 p.m., as transit officials prepare for a barrage of questions about maddening delays, breakdowns, overcrowding and cancellations. Potential questions that NJ Transit should consider: “Why is a makeshift bus in the hills of rural India more reliable?” “Why are slaughterhouse cattle afforded more space?” Or, “Can I get a job at NJ Transit because my boss fired me for chronic tardiness?

  96. Alex says:

    “Geographic Disparity: States with the best (and worst) schools”

    USA Today 2/08/2018

    California ranked 35th worst.

    “California has the largest network of public schools in the country–and also one of the worst-performing.”

    8th grade NAEP proficiency: 27.1% (math) 28.4% (reading)

  97. Yo! says:

    https://www.nar.realtor/sites/default/files/documents/metro-home-prices-q1-2018-ranked-median-single-family-2018-05-14.pdf

    Most metros with negative single family growth (right most column) have NJ in them. West Coast is destroying us. LA, San Francisco, San Jose, Seattle all up 12% or more. I know the REALTORS® are the info source here, but the data points align to say most of NJ is f*cked. And sports betting won’t fix anything.

  98. nwnj says:

    Stormy Daniels lawyer now considered a leader of the democrat platform. Lol. I guess he replaced creepy guy eichenwald who the twitter chimp frequently quoted. Maybe they can appear on a ticket together.

  99. Alex says:

    Re: woeful California public schools.

    California is ranked 35th best or 15th worst.

  100. The Original NJ ExPat says:

    Actually, the category is “highest percentage of nationally ranked public high schools.” If it was simply the number of schools it would be meaningless and California would run away with the title due to population and number of schools. NJ finishes 17th.

    https://www.usnews.com/education/best-high-schools/articles/how-states-compare

    Nice edwardo nice. US News & World Report: California second to Massachusetts in number of highly rated public schools.

  101. The Original NJ ExPat says:

    Boston’s 3 exam schools, Boston Latin, Boston Latin Academy, and O’Bryant School of Mathematics finished #1, 6, and 10 in the state. So 30% of the state’s 10 best high schools are part of Boston Public.

    https://www.usnews.com/education/best-high-schools/massachusetts

  102. The Original NJ ExPat says:

    When a guy has eyes that are that close together you just know instinctively that he is bad news.

    Stormy Daniels lawyer now considered a leader of the democrat platform. Lol. I guess he replaced creepy guy eichenwald who the twitter chimp frequently quoted. Maybe they can appear on a ticket together.

  103. Californicator says:

    Good Point. NJ with Christie winning W/ the big time money maker for Jersey!

  104. Fabius Maximus says:

    “Then why did you respond at all?”

    Why do you care and awhy can’t you move on?

  105. Fabius Maximus says:

    “Jerusalem recognized ”

    Two right wing governments setting the peace process back 40 years.

  106. Fabius Maximus says:

    Threatening our allies with sanctions. #TrueGreatness
    https://www.politico.com/story/2018/05/13/bolton-pompeo-trump-iran-sanctions-584206

    The reality here is that the rest of the world has started to move on without the US. The discussions will be with China and Russia directly cutting out the US.

  107. Fabius Maximus says:

    Chi.

    Saying that there is a lot of dumb post is not AH. Asking if you had done Due Diligence on a commentator again is not AH.

    “Why don’t you shut up you drunk, diminutive, river-dancing, neo-nazi, Mick.” that is AH.

    I only bring it up, not that I care what you call me, but I thought you only used that level of vitriol when talking about your current clients or prospective clients?

    And just to be clear, that is not AH, that is just reconciling current posts with your previous posts.

  108. Fabius Maximus says:

    So with crops rotting in fields as the migrant workers can’t get visas and companies can’t fill jobs locally. Farmers getting it due to trade war tariffs and retaliation with canceled orders. How can this administration still claim to be pro small business.

    Then we get this gem.
    “President Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast. Too many jobs in China lost. Commerce Department has been instructed to get it done!”
    http://thehill.com/homenews/administration/387635-trump-defends-zte-comments

    How is Donnie making a buck off this one.
    #MakingChinaGreatAgain

  109. joyce says:

    I’ll answer that question after you answer it as well as my original question.

    Fabius Maximus says:
    May 14, 2018 at 9:27 pm
    “Then why did you respond at all?”

    Why do you care and awhy can’t you move on?

  110. Fabius Maximus says:

    I don’t care and I can move on, so I’ll live without an answer.

  111. Fabius Maximus says:

    Avenatti may be an ambulance chaser, but he is posting some powerful stuff. One post over the weekend had a bunch of Blue Chip PR firms going into overdrive. AT&T and Novartis got some big name cell mates.

    Now we get more links.
    https://www.yahoo.com/news/michael-avenatti-posts-photos-cohen-043134649.html

  112. Fabius Maximus says:

    More popcorn required tomorrow.

    Out of loopholes, Trump must disclose Stormy Daniels debt in next financial report
    https://www.usatoday.com/story/opinion/2018/05/14/donald-trump-stormy-daniels-michael-cohen-financial-disclosure-column/605893002/

  113. joyce says:

    All evidence to the contrary thus far.

    Fabius Maximus says:
    May 14, 2018 at 10:19 pm
    I don’t care and I can move on, so I’ll live without an answer.

  114. Fabius Maximus says:

    Just for you Gary.

    https://tinyurl.com/yczdh3s8

  115. The Original NJ ExPat says:

    Heh-heh-heh. Yeah, you can just look at him and tell he is just an independent patriot fighting the good fight.

    There is no way that you could be such a moron. Oh wait a minute. There is a way.

    Avenatti may be an ambulance chaser, but he is posting some powerful stuff.

  116. The Original NJ ExPat says:

    Prediction for aftermath of mid-terms:

    Death. Destruction. Outrage. Marches. Puzzy Hats………………….All in cities that voted the “right left” way.

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