Uh Oh

From CNBC:

Existing home sales fall for third straight month

U.S. home sales fell for a third straight month in June as a persistent shortage of properties on the market pushed up house prices to a record high, likely sidelining some potential buyers.

The National Association of Realtors said on Monday existing home sales fell 0.6 percent to a seasonally adjusted annual rate of 5.38 million units last month. May’s sales pace was revised down to 5.41 million units from the previously reported 5.43 million units.

Economists polled by Reuters had forecast existing home sales gaining 0.5 percent to a rate of 5.44 million units in June. Sales rose in the Northeast and Midwest, but fell in the West and populous South.

Existing home sales, which make up about 90 percent of U.S. home sales, fell 2.2 percent from a year ago in June. They have dropped on a year-over-year basis for four consecutive months and declined 2.2 percent in the first half of 2018. Sales are being stymied by an acute shortages of homes on the market.

Rising building materials costs as well as shortages of land and labor have left builders unable to bridge the inventory gap, pushing up house prices. Supply constraints have largely accounted for the sluggish housing market but there are growing concerns that the higher house prices together with rising mortgage rates will slow down demand.

Supply has been especially tight at the lower end of the market, which accounts for a large portion of the housing market. There were 1.95 million previously-owned homes on the market in June, up 4.3 percent from May.

Inventory increased 0.5 percent in June from a year ago. That was the first year-on-year increase since June 2015. Supply still remains very tight.

At June’s sales pace, it would take 4.3 months to exhaust the current inventory, up from 4.1 months in May. A six-to-seven-month supply is viewed as a healthy balance between supply and demand.

The median house price increased 5.2 percent from a year ago to an all-time high of $276,900 in June. That was the 76th consecutive month of year-on-year price gains.

This entry was posted in Economics, Housing Bubble, Housing Recovery, National Real Estate. Bookmark the permalink.

128 Responses to Uh Oh

  1. ExEssex says:

    Timberrrrrrr

  2. dentssdunnigan says:

    Up ,Up and away ……

  3. Very Stable Genius says:

    @Ocasio2018
    The fact that paying people enough to live is considered a “radical, far-left” position says more about the current state of our nation’s politics than it does mine.

    @FoxBusiness
    Alexandria Ocasio-Cortez: “We will not rest until every person in this country is paid a living wage to lead a dignified life.”

  4. 3b says:

    Here we go again!

  5. Fast Eddie says:

    Alexandria Ocasio-Cortez: “We will not rest until every person in this country is paid a living wage to lead a dignified life.”

    A demand for pay for those incapable of production, unwilling to attain it and unqualified to achieve it. An advocate for theft. How quaint.

  6. Yo! says:

    http://phx.corporate-ir.net/phoenix.zhtml?c=96097&p=irol-newsArticle&ID=2359628

    Tough to make money on South Jersey real estate. Big shot developer admits it will lose tens of millions on Camden project.

  7. payday loans direct lender direct lender installment loans 3 month loans [url=https://cashnow.cars]direct lender installment loans[/url]

  8. The Original NJ ExPat says:

    Alexandria Ocasio-Cortez: “We will not rest until every person who enters this country and every person who chooses not to work is paid a living wage to lead a dignified life.” by citizens who work for a living.

  9. ExEssex says:

    Keyword: Eddie Cuck Nob

  10. Juice Box says:

    ExEssex – stock up on ice it is going to get warm once the rolling blackouts start and the transformers explode…

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

    new house guy,

    Have your c0ntractor install them as cabinet install is one day job. Get your counter top at Marble dot com in Ridgefield Park. Get your knobs at discount home furnishings. We went midrange UltraCrft. Should have gone entry range Schr0ck. We bought Schr0ck for bathroom cabinets since we have very large bathroom. Eight years later, Schr0ck ended up being better quality.

    If you want to save money on rest of project, buy as many materials as you can yourself. Espec1ally tiles, which are a huge ripoff at those des1gner shops.

    Good luck.

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

    Cabinets you will not do better than Wh0lesale Kitchen Cabinet Distributors in Perth Amboy.

  13. Project on Tap says:

    Thanks for this!

    Libturd questioning the gender of Hillary’s Cankle fluid. says:
    July 24, 2018 at 9:55 am
    Cabinets you will not do better than Wh0lesale Kitchen Cabinet Distributors in Perth Amboy.

  14. nwnj says:

    Open borders, abolish ICE and soci@lism is a great platform. Can’t wait to see how it goes over.

  15. Project on Tap says:

    Home inspector recs? Home built in 1938, an old couple lived there and I am buying from the estate…need someone to really dig in.

    Also, is there some kind of “renovations project manager” that someone could recommend? Someone to oversee everything, get the quotes, stay on top of contractors, etc. Does that exist? Ya know, someone to blame when everything goes wrong. Is this what a residential architect might do or is there some other title for that gig?

  16. exEssex says:

    9:50 I believe you have me confused with someone who lives in Downtown LA.
    Or downtown anywhere with the faulty powergrid the US employs. Where are all of the infrastructure upgrades that Trump promised ? Where ? Oh yeah. The GOP doesn’t do infrastructure.

  17. exEssex says:

    Trump is a clueless dickhead. Along with his followers. Diiiickhead.

  18. exEssex says:

    Once you tell me you are a Trump’er I realize that the short bus stopped at your house.

  19. Very Stable Genius says:

    @ianbremmer

    % of unemployed receiving unemployment benefits

    Finland 63.7%
    Belgium 60%
    France 42%
    Switzerland 36.1%
    Australia 34.6%
    Spain 27.6%
    UK 26.1%
    Sweden 21%
    US 12.4%
    Italy 8.4%

    OECD

  20. Blue Ribbon Teacher says:

    The far left wants to pay everyone an elevated salary while bringing in a bunch of unskilled labor from outside and trading with nations of poor people.

  21. exEssex says:

    10:06The only thing that keeps the teaching profession from being exactly like that are Unions and credentialing. You have much to learn Teacher.

  22. Juice Box says:

    re: Home inspector recs?

    Uber Inspector is http://www.afullhouseinspection.com

  23. The Original NJ ExPat says:

    Toronto shooter was named Faisal Hussein. Police still do not have a motive. WTF?

  24. The Original NJ ExPat says:

    I’m pretty sure Essex is still drinking from last night. Unemployed. Starts posting at 4:30AM his time. Makes sense.

  25. The Original NJ ExPat says:

    I’m beginning to picture why his wife made him give up the motorcycle. If she’s still there, that is.

  26. exEssex says:

    9:50 The year my young live-in, now wife moved to Chicago 500 people died in a heatwave. Wrap your brain around that. Mostly elderlies. Infrastructure would barely begin to touch that. What we have in this Country is pain and poverty. And. No. One. Cares.

  27. exEssex says:

    Someone once said it is just as easy to fall in love with a rich girl than a poor one, they were wrong.

  28. Fast Eddie says:

    Trump is a clueless dickhead. Along with his followers. Diiiickhead.

    Waa!! Waa!!!

  29. exEssex says:

    10:13 for the last time. That tactic of repeating your version of the truth until someone believes you is just as pathetic when Trump does it.

  30. The Original NJ ExPat says:

    Trump should just hand out “California only” temporary work visas to every illegal crossing the border.

    The far left wants to pay everyone an elevated salary while bringing in a bunch of unskilled labor from outside and trading with nations of poor people.

  31. exEssex says:

    10:16 Ah, the King has arrived. You know I named my dog Eddie. True Story.

  32. The Original NJ ExPat says:

    Better yet, “San Francisco only” work visas.

  33. exEssex says:

    10:17 they do. The migrants here are the underpinning of the agro economy. That and water.

  34. Fast Eddie says:

    What we have in this Country is pain and poverty.

    Despair and calamity are the earmarks of a loser, looter and louse mentality.

  35. 3b says:

    Anyone know a good concrete guy?

  36. exEssex says:

    10:18 true the whole of the State baby. Those people are amazing. Do I trust each and every person that crosses my path? noooo, but as a whole I admire their work ethic and tenacity. Their desire to better themselves and in turn make this Country better. Inspires.

  37. exEssex says:

    10:18 Or just a broke down system that rewards mediocre turds while honest hard working humans get shat upon daily.

  38. exEssex says:

    That’s my hymn for the morning.

  39. exEssex says:

    True Believers, I’ll be over here “mooching”, creating art, teaching, getting a pension for the years of service…….yeah…….mooooooochers United! We are the fun group. Vote Blue.

  40. Project on Tap says:

    Can anyone recommend a good political site where I can get real estate info?
    😬

  41. Juice Box says:

    So another Bartender practicing politics is now running for Congress in the Bronx, this time it is a young Puerto Rican woman. About time, I say. It has been about 70 years since the “The Great Migration” of Puerto Rico began and they took over many neighborhoods in NY City. They were underrepresented and did not know how to play the game.

    Anyway Alexandria Ocasio-Cortez basically beat in the primary the last Irish Guy living in Queens Joe Crowley (He really lives in Virginia). He was in that US congressional seat for 20 years and before that 10 years in the NY legislature. Talk about backroom deals…Crowley only ended up in that congressional seat because the Irish guy before him Tommy Manton hand picked him and put him in on the ballot in legendary maneuver nearly 20 years ago that avoided a primary runoff. Joe Crowley had no idea he was even running for that seat until Manton called him and told him so!

  42. The Original NJ ExPat says:

    It’s too early for Judge Judy and Oprah in CA. What are you going to do with the rest of your morning?

    That’s my hymn for the morning.

  43. The Original NJ ExPat says:

    Essex must have been fired for drinking on the job in NJ.

  44. The Original NJ ExPat says:

    MyDemocratWifeisSoHot.com

    Can anyone recommend a good political site where I can get real estate info?

  45. Not Bloomberg News says:

    I’ll connect the living wage to real estate, it will be great for our area as it will further encourage gentrification and improve our overall living conditions. The lower end jobs will either be automated or those services will exit, thus (over time) taking those people ill equipped to “earn” the living wage to also leave. We will be left with a generally better educated and successful population.

    The only folks remaining will be those really unemployable and they will be “warehoused”.

  46. Yo! says:

    In case anybody cares about N.J. house prices, 1st half 2018 figures are rolling in.

    Hudson County on fire. House prices +19% there. Problems continue in Salem, where prices fell 13% to $100,000 flat.

  47. Very Stable Genius says:

    @paulkrugman

    This is a sickness much deeper than Trump: a powerful political party, in fact one that holds all the levers of power, that’s OK with foreign subversion of US democracy as long as it helps them cut taxes on the rich and deny health care to the poor 3/

  48. Fast Eddie says:

    This is a sickness much deeper than Trump

    LOL!!

  49. Noteddieyoexpatessexoranyoneelse says:

    Work for realtor Sue. 6 figure opportunity.

    https://www.ziprecruiter.com/jobs/the-sue-adler-team-852c5fe9/outside-sales-cold-calling-8b9330df

    For guy remodeling house looking for cabinets, these guys take high end stuff thats mostly not used, remove it from home, give homeowner tax deduction then sell it.
    https://greendemolitions.com

  50. Project on Tap says:

    I will check them out. Could they potentially take current cabinets, Sub Zero fridge, etc. out, as well?

    Noteddieyoexpatessexoranyoneelse says:
    July 24, 2018 at 10:48 am

    For guy remodeling house looking for cabinets, these guys take high end stuff thats mostly not used, remove it from home, give homeowner tax deduction then sell it.
    https://greendemolitions.com

  51. nwnj says:

    Fake news Eddie. Part of what makes the left so unhinged. Just no basis whatsoever except hysteria.

    The left actually ran out of aggrieved in this country. Everyone is too darn wealthy they’ve had to go abroad to find new Constituents.now putting foreigners first. How warped is that party?

  52. 3b says:

    Concrete guys say they are coming and then don’t show up.

  53. HerbertBrief says:

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

    Asphalt guys I got. Cement guys are notoriously sh1tty.

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

    Got some raw flooding on the floor by the main flush out at the multi. Does this mean I’m looking at a 5 to 10K new line to the street?

    Grim, got anyone this?

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

    Anyone wanna buy my multi?

  57. Blue Ribbon Teacher says:

    The only thing that keeps the teaching profession from being exactly like that are Unions and credentialing. You have much to learn Teacher.

    Sorry, I teach AP Physics, you couldn’t find a replacement for me if you tried. Most physics teachers don’t even want any part of it. When the high level Physics job openings are posted in NJ, you get 3 or 4 applicants, all completely unqualified and when they do get hired, they are lucky to last until October.

  58. 3b says:

    Lib why do you believe they are shitty?

  59. JCer says:

    A comment on the previous thread UNICO and or SpacePak. I have one in my house, don’t do it unless it is really the only option.

    On a hot day it takes forever to cool the house, it does not really cool the same way as regular central AC, it feels cooler because it reduces the humidity more than regular AC. But forget it if it is 95 degrees outside it will take those things 12 hours to bring the temperature down inside, the only solution is to leave it set to 72-74 to maintain comfort. So it is able to cool the home but it really doesn’t work as well as old fashion central air and it’s expensive. In my home the prior owners could have taken out a closet for a vertical air handler(the attic space is too small for an air handler) and done some more plaster work to put in a standard system which would have been cheaper and IMHO better.

  60. exEssex says:

    I am dying to buy a big ol shed and put it on the beautiful concrete slab we poured when we got her. I am thinking…..Aston Shed at Costco. Sweet little space. I hear it’s all the rage. Instead of a she-shed, I’d make it a He-shed. I dunno… Got the slab. Rebar Reinforced.

  61. prtraders says:

    Didn’t realize this until a client called this morning saying she was denied the senior freeze.

    https://www.state.nj.us/treasury/taxation/ptr/

    Crazy that the state reduced the income qualification by 20% after the fact.

  62. exEssex says:

    11:24 Again, you simply have no concept of the history of labor (or choose to dis-regard) and no real affinity for the common good. A real advocate for the Profession would simply use their position to better the overall community. You seem to treat it like a “job”. Or simply a contractor – type position. Any asshole can do that.

  63. Blue Ribbon Teacher says:

    I have plenty of background on the history of labor. They continuously hide behind accomplishments achieved nearly 100 years ago. My last local negotiated a salary decrease for everyone while the 2 “negotiators” then were magically given “teaching coach” positions where they taught no classes and we available for “coaching of new teachers”. It became essentially a job they leave at 1 pm everyday after doing nothing.

    I support my current local, they’ve done a great job on the contract and on salaries and will continue to pay dues to them. The NJEA, f*ck them and their million dollar take home pays.

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

    If you walk a dog enough and see all of the replacement sidewalk driveways done in my parts, you will see the crappiest jobs ever. From lack of tar boards to way to thin depth of material. And these guys often stamp their company name into their work. I love the plastic tar boards. Those crack within months typically.

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

    Or stick with window units and freeze your ass of for 1/4 of what everyone else is paying.

  66. The Original NJ ExPat says:

    BRT – I could teach your class. I made excellent money as a Physics tutor during college until I went off to engineering land. Do you only teach AP Physics, or do you have some regular Junior year Physics classes too? Probably a nice class makeup because the level of work self-selects out the problem kids. Is Earth Science still the lowest rung on the ladder or have they established a new lower rung like General Science or some such thing?

  67. The Original NJ ExPat says:

    I used to love substitute teaching. I used to do it in my late 20’s while I was establishing my consulting career, between gigs. It’s so simple if you have the right attitude and practices. If you expect the kids to behave, they generally do. I even went out of my way to sub at my old HS occasionally, even though it was about 20 miles away. I was surprised to sit with my old teachers and find out how different they were in the cordoned off teacher’s room. The hard asses were actually wimps in real life and vice versa.

  68. chicagofinance says:

    You are just teed that he smacked the Bourbon makers with the tariff impact….

    exEssex says:
    July 24, 2018 at 10:04 am
    Trump is a clueless dickhead. Along with his followers. Diiiickhead.

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

    Grim’s wife might be a piece of ass, but she hangs out at the bar wayyyyy to much.

  70. Blue Ribbon Teacher says:

    I could teach your class. I made excellent money as a Physics tutor during college until I went off to engineering land. Do you only teach AP Physics, or do you have some regular Junior year Physics classes too? Probably a nice class makeup because the level of work self-selects out the problem kids. Is Earth Science still the lowest rung on the ladder or have they established a new lower rung like General Science or some such thing?

    I can teach every level of Physics from the lowest to the highest. I’ve also done the same for Chem.

    Not questioning your personal ability, but I worked as a tutor in grad school as well. There’s a huge difference between teaching a class and tutoring someone. As far as AP goes, it’s much much harder than it would seem. Why? The majority of kids who sign up these days don’t belong but are looking to beef up their resumes.

    Earth science has been reduced to middle school. Most schools start off with Freshman Bio.

  71. Blue Ribbon Teacher says:

    Btw, I badmouthed Bacon as an ingredient in general yesterday. I currently have it going on the skillet for the first BLT of summer. Tomatoes from the garden. Garlic from the garden in my roasted garlic mayo. Lettuce was grown in my basement in my hydroponic system. Nothing beats a good Jersey Tomato BLT.

  72. The Original NJ ExPat says:

    Lib – Are window units more efficient, or are they just dollar cost efficient if you only need them in the rooms you need cooled as you need them cooled? I just checked my electric bills and we run around $100 per month in non A/C months and $200-$210 in July and August. I actually think this is great because I used to spend $100-$110 per month in our last place, only 900 square feet for most of the year. That’s with no outdoor flood lights, porch lights when someone is out after dark, lights on outside while grilling, etc. Of course, I figured out in our last place that $50 per month of our bill each month was our Almond 1979 Frost-Free Fridge. It was a weird size where I could only replace it with a really low rent white version of a modern crap fridge, the only fridge offered in the exact footprint size now, or raise the cabinets above to fit a Euro type fridge. Even one or two inches deeper or wider would have worsened egress to our back door, which wasn’t great to begin with.

    Or stick with window units and freeze your ass of for 1/4 of what everyone else is paying.

  73. ExEssex says:

    11:49 i’m Just skeeeered of what else he might be thinking

  74. Project on Tap says:

    Thank you – I will take those types of systems off my list. Much appreciated.

    JCer says:
    July 24, 2018 at 11:25 am
    A comment on the previous thread UNICO and or SpacePak. I have one in my house, don’t do it unless it is really the only option.

    On a hot day it takes forever to cool the house, it does not really cool the same way as regular central AC, it feels cooler because it reduces the humidity more than regular AC. But forget it if it is 95 degrees outside it will take those things 12 hours to bring the temperature down inside, the only solution is to leave it set to 72-74 to maintain comfort. So it is able to cool the home but it really doesn’t work as well as old fashion central air and it’s expensive. In my home the prior owners could have taken out a closet for a vertical air handler(the attic space is too small for an air handler) and done some more plaster work to put in a standard system which would have been cheaper and IMHO better.

  75. exEssex says:

    Look BRT all I am saying is that macro forces are far more effective at killing your livelihood than you can imagine. OK? Simple. Yes. 100 years ago I would imagine Physics was not much of a factor outside of some elite institutions or perhaps I am mistaken. What I do know is that yes the Unions are imperfect but dammit. They are the best answer to some real issues that will return quicker than they left. $$$ being the primary and of course headcount and class size being the next big one coming…..Boom!

  76. exEssex says:

    But yeah by all means, lets just sit back and watch the MOFO burn — because it will eventually — this is SoCal….

  77. The Original NJ ExPat says:

    I figured out the utility costs of that fridge by making sure everything was turned off in the house, read the meter, went on vacation. Came back, read the meter again, and did the math. We’ve had at least someone at home almost all the time for 16 years straight. Cable, lights, computers, 2 tube TVs (one of them 100+ lbs and 1080i), home theater sound system, etc. The refrigerator was still half of every bill until we put in window A/C units some Summers (We only needed A/C 2 out of every three summers, good breeze off the reservoir). The same fridge that was built in 1979 and still runs today, assuming the investor I sold my place to didn’t change it out, which he well might have.

  78. The Original NJ ExPat says:

    Cop in LA is who killed the woman in Trader Joe’s, not the hostage taker.

  79. Project on Tap says:

    Is this the case? I see mixed reviews on window vs. central and which is more cost efficient in the long run. If anyone can point me in the direction of analysis on:

    window vs. central vs. mini-split

    it would be greatly appreciated. My concern is the main floor (kitchen, dining room, living room) and keeping them cool with one window unit or mini-split system.

    Also, is there a contractor or business that will remove the oil tank and install a duct system? I have called a few HVAC contractors and they will only replace a unit if I already have the ducts (which I don’t).

    Libturd questioning the gender of Hillary’s Cankle fluid. says:
    July 24, 2018 at 11:37 am

    Or stick with window units and freeze your ass of for 1/4 of what everyone else is paying.

  80. The Great Pumpkin says:

    Brt,

    Why do you think it’s a hardcore conservatives wet dream to see unions gone, esp the teachers union? You are a fool to bash the njea. There is a major reason every single conservative hates them……they play the same game as these hardcore conservatives like the Koch bros do, but play it better. It is the only reason hardcore conservatives hate unions, it stops them from taking full advantage of their workers. They don’t like rules that benefit workers. Why you can’t see this is beyond me, but keep thinking your union does nothing for you….just total hardcore conservative pompous attitude.

    Funny, every conservative plays the “put on your big boy pants and get it” attitude. Yet these same people are the biggest players in financing lobbying asking to change the rules of the game to benefit themselves. What happen go getter? Can’t compete under the current setting, have to lobby the govt for tax breaks and loans to finance your risk. You suck. Hypocrites!

  81. The Great Pumpkin says:

    This is not towards you BRT, just an observation.

    It’s just amazing how someone can’t complain about low or stagnating pay, and in the same context bash unions. How can you bash unions and then complain about no pension or pathetic pay? Unfortunately, people are their own worst enemy. You can’t make this stuff up, but that’s how brainwashed the red team has the working class…..working against their own interest. Unreal.

  82. ExEssex says:

    12:42
    “induction centers” when they describe schools pretty much let’s me know we’re they’re coming from. It’s a constant refrain on this board. When in fact it’s only a tiny bit true.

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

    I don’t hate unions. I just hate the public sector in NJ and the way the unions cozy up to the governor and other members of the Assembly to get more than what is fair. I have less of an issue with the NJEA on salares than I do with the police and fire. But the NJEA created this mess by past mistakes. Plus, I don’t think it makes sense to spend so much of the union dues on television commercials much like I think there should be a ban on advertising of scripts by drug companies. The truth is, there is no such thing as collective bargaining within the government. Both sides are actually the same.

  84. Fast Eddie says:

    I bet the Kenyan is really p1ssed his trillion dollar stimulus package failed so miserably while Trump’s tax cuts are an astounding success!

  85. Bagholder says:

    Seems like NJ will be paying for another red state welfare plan:

    ‘Trade war bailout: Trump administration plans to offer $12 billion in emergency aid for farmers hurt by tariffs

    The Trump administration plans to offer billions of dollars in aid to farmers hit by tariffs on their goods, an emergency bailout intended to ease the pain caused by Trump’s escalating trade war in key electoral states, people briefed on the plan told CNBC.’

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

    “The Original NJ ExPat says:
    July 24, 2018 at 12:25 pm
    Cop in LA is who killed the woman in Trader Joe’s, not the hostage taker.”

    Abolish the Po Po!

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

    “Trump’s tax cuts are an astounding success!”

    Are they? This is yet to be proven. Outside of the companies that were monstrously successful before the cuts who threw some crumbs at their employees, the rest has gone to reward shareholders. Who does this help? Who is going to pay for it? Me. That’s who. Without wage growth, Trump’s experiment will be proven to be nothing more than a wealth transfer from Federal Debt to the Uber-riches pockets. At least Obama saved a few birds in San Francisco bay with his spending.

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

    Welcome back Nom.

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

    I saw a story on some s3x cult arrests and the name of a former client family figured prominently. It was kind of a f@cked up family.

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

    Lib, I am busy as hell these days, and the likes of Moana and footrest continue to peddle their prog-soc BS here so I am not missing much.

  91. Fast Eddie says:

    Who does this help?

    The shareholders, as you’ve stated and I happen to be a shareholder. We also got a one time “bonus” bonus at work besides the yearly compensation increases and bonuses. Oh, and my paycheck is bigger because of the tax savings.

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

    not really

  93. leftwing says:

    “Trump should just hand out “California only” temporary work visas to every illegal crossing the border.”

    Absolutely brilliant idea.

    The only reason liberal politics work is because they bend it to the point of breaking. The opposition provides the resistance and enables the left to keep pushing.

    Take the guard rails away. Give them exactly what they want.

    I would love to see the Feds announce they will have ZERO prosecution of any illegal in CA. Have ICE stand down, hell, close all their offices in the State and remove all agents. Announce it widely. In exchange, any illegal caught in the other 49 will face enhanced proceedings direct to deportation in the nastiest way possible. Provide transportation vouchers for any current illegal looking to move to CA.

    It will be hilarious to watch liberal idealism collapse on itself like a black hole. Health care facilities, welfare, charities in CA will be absolutely overwhelmed. You want your liberal politics? Take them and the results in geometric progression.

    Republican registrations would increase 25% after six months of the ensuing chaos.

  94. leftwing says:

    ^^^Tired of chasing the left around like a three year old on the shore to save them from their own idiocy. You want to hop in the surf? Let me help you take the deep plunge.

  95. Blue Ribbon Teacher says:

    The NJEA is responsible for that stagnant pay. In fact, they endorsed Sheila Oliver, the architect of it.

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

    “Trump should just hand out “California only” temporary work visas to every illegal crossing the border.”

    I like it.

    I also had an idea, and that was to allow individuals and entities to “sponsor” the so-called refugees. They would have to agree to be liable for any harms caused by their charges, show financial sufficiency or post bond, agree to make sure the refugees showed up in court, etc., and could be held civilly or criminally liable as the case may be. Of course, it is voluntary.

    The left would scream bloody murder about the penalties but the GOP could introduce and pass it as a humanitarian measure and point out that there are no penalties for compliance.

    It would inevitably collapse once lawsuits and perp walks ensued, but that’s the point.

  97. Blue Ribbon Teacher says:

    Pumps, for the last time, the NJEA has nothing to do with teachers.

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

    Pumps,

    “that’s how brainwashed the red team has the working class…..working against their own interest. Unreal.”

    How is it working against your own interests by refusing to kill off employers and jobs?

  99. Blue Ribbon Teacher says:

    Unions are more than imperfect. They are corrupt. That’s why Janus is potentially groundbreaking. We can force unions into working for us, or withhold our dues. I support real collective bargaining, not the B’s that I watched go on. That being said, my local has done a spectacular job. My previous one, deserves to be tarred and feathered.

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

    Moana is still moana. exEssex sounds like footrest 2.0 and pumpkin is still as bipolar as ever.

    Sorry lib, I don’t see a change. Well, this salt isn’t gonna mine itself.

  101. Grim fan says:

    @12:32 Not an analysis but I heartily endorse the Japanese-made mini-splits that feature reverse cycle heating function.

    About five years ago I replaced a central a/c system in a very small (<700 s/f) and not particularly well-insulated home in NNJ with a Sanyo 1.5 ton mini-split, and through two cold winters the thing pumped out enough heat that I used it exclusively for climate control. In summer it cooled the house more than adequately and was way more efficient than the central a/c it replaced.

    Mini splits are a good choice for open spaces, however the cool/warm air they produce will flow through open doorways provided they're somewhat in the path of air flow.

    Installation-wise, it's important to size the units correctly by performing a BTU-loss analysis on the structure but that's probably true no matter what appliances are proposed. A number of HVAC contractors I dealt with had never heard of such an analysis and didn't seem to want to get involved with installing a mini-split. I ended up installing it myself and just hiring a refrigerant guy to do the initial vacuum procedure.

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

    We have two of those units at our plant Grim. They are bulletproof.

  103. Walking Bye says:

    Does anyone know how long a municipality can sit on a zoning review before commenting either approval or variance? I applied for a bldg permit back in May for a 1 bedroom addition, and it has been with zoning since. I thought towns had 45 days to comment. Any help would be appreciated. By the way I was told if you go for 2 more bedroom addition in Bergen County you will need to get county approval as well as local municipal approval for the bldg dept.

  104. ExEssex says:

    1:42 that’s some Lex Luther level thinking.

  105. The Great Pumpkin Hypocrite says:

    I am so arrogant I think I know more about teaching than a teacher does.

    I know more because I have three secret degrees.

  106. The Great Pumpkin Hypocrite says:

    1:42

    The illegals could then form a union to fight for better welfare benefits against the taxpayers. Haha, Libtards

  107. Project on Tap says:

    @2:10

    Thanks. I will research a bit more about the mini-split systems. Is it the Sanyo brand in particular that you recommend or that type of system in general? I suppose one powerful unit could cover the first floor…with bedrooms needing their own units to be effective.

  108. Mike S says:

    I got central air installed in my 1930s colonial, lost zero closets, and its cheap as hell (19 SEER rating). Whole house cool as can be all summer (73 when home). Was worth every penny.

  109. ExEssex says:

    That Bronfman chick seems like a winner.

  110. Grim fan says:

    @3:12 I recommend any of the Japanese-manufactured units which seem to have the best reputations. I was happy with the Sanyo model I purchased online for around $1600 from AJ Madison, however that brand seems to have been subsumed under the Panasonic name and the similar model line increased sharply in price.

    I found in general that there was a fairly wide variation in pricing, with the higher dollar units carrying better efficiency/performance. My model was not rated with a high enough SEER rating to be eligible for NJ’s energy rebate program, however if I had to do it over I’d more carefully calculate whether it’s worth it to pay more for the higher SEER units with expectations of lower net cost due to the rebate – may or may not be worth it depending on your application.

    I’d avoid the Korean or Chinese product lines, too risky in a residential installation IMO. Friedrich (a US name) sells them though I do not know what is their actual country of manufacture.

  111. Grim fan says:

    A couple additional comments…

    My neighbor has a “whole house” multi-head/single condenser Fujitsu system (made in Japan) that was quite expensive to purchase and install, and another magnitude more complicated to run the refrigerant lines than the single-head unit that I had.

    If you already had forced air ducting for heat than I’m sure a CAC add-on would be the least expensive way to go if you tied into the existing ductwork. However the 1938-era house we live in now has this arrangement and I don’t care for it at all – the upstairs rooms never cool as well as the first floor (and the basement is very cold). I believe CAC really does require dedicated ducting in the ceiling to perform well.

  112. leftwing says:

    Walking Bye, not sure what any statute reads but that is ridiculous.

    First, your engineer or architect should be able to tell you if you need a variance for your project in your particular town. If not, why are you using them (ie, you will for certain be in for a world of pain as they miss something else major while under construction).

    Regarding the municipality, in ours if you have a question or as a courtesy make an appointment with the zoning official. Send him good plans prior, or show up with them with specific questions. The plans don’t need to be final or stamped but should be drawings from the engineer/architect. He’ll on the spot in that meeting tell you if he can approve them or if they need the Board of Adjustment.

    If he says he can approve and you submit the same plans with the application it flies right through. Couple weeks or so at most, and that’s because our guy is only in the office part time.

    Never heard of the kind of delay you mention.

  113. ExEssex says:

    Millions of “just about managing” families are no better off today than those in 2003, new research from the Resolution Foundation indicates.
    The remarkable income stagnation for so many reveals that the economy has been failing to generate income for people over many years despite record levels of people in work.
    In 2003, households on the lower half of incomes typically earnt £14,900.
    In 2016/17 that figure had fallen to £14,800, the research shows.
    Both figures are adjusted for inflation and housing costs.

  114. leftwing says:

    “Millions of “just about managing” families are no better off today than those in 2003…
    In 2003, households on the lower half of incomes typically earnt £14,900.
    In 2016/17 that figure had fallen to £14,800, the research shows.
    Both figures are adjusted for inflation and housing costs.”

    So if you are the absolute lowest rung of the earnings food chain – earning only $19,000 annually – you are in the exact same position as you were 15 years ago, having no advancement or loss.

    I would suspect this to be true for this demographic over long swathes of history.

    And, quite frankly, I view it as a positive surprise.

    Given the huge advancement in baseline skill sets required for employment over even that small period if you are pushing a broom or serving up fast food I would have expected a large decline in relative purchasing power, especially with the explosion in housing costs. Holding par for the bottom socio-demographic group is a huge accomplishment.

  115. No One says:

    On unions:
    When a group of existing employees negotiate terms for all current and future employees, here’s what you tend to get:
    Prioritization of the benefits of existing employees over newer ones, prioritization of job security over rewarding efficiency, prioritization of tenured employees over rewarding new and possibly better employees. And make sure that the last ones hired are the first ones fired, regardless of whether they are better or not than the higher paid, longer tenured employees. Because those are the people who vote on it. Same way old people in politics first and foremost vote for their generation’s social security and other benefits.
    There are probably some unions that aren’t so bad as this. Usually they lighten up when they see that they have to change or drive the company out of business.

    It’s easy to understand why the Punkinhead craves a unionized world.

  116. Grim says:

    Lib is a political genius

  117. hobojoe says:

    Re: Mini-split systems-
    If you’re looking to also use it for heating year-round, check the specs – you may need a low ambient kit (optional). Also, many of them have supplemental heat but not all are heat pumps. The non-heat pump ones just have an electric element which is $$ to run. Heat pump is more complex, more $ at the onset, but more efficient.

  118. ExEssex says:

    Trump says he’s afraid of more Russian meddling – GOP cuts election security budget.

  119. The Great Pumpkin says:

    Funny that you can understand the negative factors associated with unions, but why is it that you see no fault in Rand, income inequality, or capitalism itself.

    I understand the negatives associated with unions, but I understand that we have no choice, but to employ a 40% unionized workforce to produce wage gains. These workers are not getting a fair deal based on what they produce. GDP is how much larger today, and workers have been stagnating for decades….this is a good thing?

    So I ask you all knowing “no one,” how exactly do we bring balance in the economy between profit and wages without unions? This is why unions were formed in the first place, to work together for better wages and working conditions. So let’s get rid of unions, but how do we get labor to get its’ fair share at the table?

    This has nothing to do with lazy workers or greedy owners, it’s about addressing real problems with our economic system. Right now it’s a REAL PROBLEM that so much of the profit in society is only going to a few hands. It could go another decade or two, but judgement day will come if this continues.

    No One says:
    July 24, 2018 at 5:48 pm
    On unions:
    When a group of existing employees negotiate terms for all current and future employees, here’s what you tend to get:
    Prioritization of the benefits of existing employees over newer ones, prioritization of job security over rewarding efficiency, prioritization of tenured employees over rewarding new and possibly better employees. And make sure that the last ones hired are the first ones fired, regardless of whether they are better or not than the higher paid, longer tenured employees. Because those are the people who vote on it. Same way old people in politics first and foremost vote for their generation’s social security and other benefits.
    There are probably some unions that aren’t so bad as this. Usually they lighten up when they see that they have to change or drive the company out of business.

    It’s easy to understand why the Punkinhead craves a unionized world.

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

    “Lib is a political genius”

    ‘Bout time someone noticed. Don’t tell anyone I loved Noam Chomsky back in my college days and started the Soc1alists Student Union there.

  121. The Great Pumpkin says:

    Wow, did not know this about you. Renaissance man indeed.

    What age did you start to drift towards the center?

  122. Blue Ribbon Teacher says:

    I remember when I was 18, Rage Against the Machine & Beastie Boys was playing a concert for Mumia Abul Jamal (the Philadelphia cop killer) and touting Noam Chomsky in interviews. I remember being psyched about seeing them. Tom Morello went to Harvard And Chomsky was at MIT, which gave them instant credibility in my mind. Went to the concert. Listened to their rants. Had a blast. Went to the Rutgers library that had unlimited printing, and printed out the whole Mumia trial. Read through about 50 pages before I realized, the guy was guilty as sin. I remember then reading a Chomsky interview in some publication.

    That was the first indicator I had that you couldn’t give anyone credibility based on the institution they attended or worked at.

  123. ExEssex says:

    Sales of both new and existing houses and condominiums dropped 11.8 percent year over year, as prices shot up to a record high, according to CoreLogic.
    The median price paid for all Southern California homes sold in June was a record $536,250, according to CoreLogic, a 7.3 percent increase compared to June of 2017.
    In the past, California, one of the largest housing markets in the nation, has been a predictor for the rest of the country.

  124. The Original NJ ExPat says:

    leftwing – I like the addition of travel vouchers for illegals to get to our new “Open Borders California.” We also need a Spanish language whisper campaign so the illegals know that President Trump let them all in and that there is an accelerated path to full citizenship for those who sneak into election booths and vote “R”.

    Ironically, the inflow of illegals to California from around the country (and Canada) would raise wages everywhere else.

    California Sanctuary Motel for All Workers – “Illegals check in. They don’t check out.”

  125. Bystander says:

    Ex Essex,

    But it is due to a good reason called “low inventory”, not high prices or rates. The demand is so great and there are not enough quality homes on market so people are not buying. This is the accepted realtor narrative that satisfies their positive light cliches. It is along the lines of “my weakness is working too hard and perfectionism” (though you are unemployed now) or “my c*ck was too big that she did not want s*x”.

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