Home price growth continues to slow

From CNBC:

Home price gains fall below 6% for the first time in a year: August S&P Case-Shiller index

Mortgage interest rates didn’t begin their recent surge until the start of September, but home prices were already feeling pressure, as fewer people could afford what was for sale.

Nationally, prices rose 5.8 percent in August compared with August 2017, according to the S&P CoreLogic Case-Shiller home prices index. That is less than the 6 percent annual gain in July.

The index’s 10-City Composite rose 5.1 percent annually, down from 5.5 percent in the previous month. The 20-City Composite posted a 5.5 percent year-over-year gain, down from 5.9 percent in the previous month.

“Following reports that home sales are flat to down, price gains are beginning to moderate,” David M. Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices, said in a release. “Rising prices may be pricing some potential home buyers out of the market, especially when combined with mortgage rates approaching 5 percent for 30-year fixed rate loans.”

The market is beginning to balance more between supply and demand, following one of the strongest seller’s markets in decades. There is little concern, however, that prices will actually fall, only that the gains will fall back to more normal, historical levels of 3 percent to 4 percent annually.

“There are no signs that the current weakness will become a repeat of the crisis, however. In 2006, when home prices peaked and then tumbled, mortgage default rates bottomed out and started a three year surge,” said Blitzer. “Today, the mortgage default rates reported by the S&P/Experian Consumer Credit Default Indices are stable. Without a collapse in housing finance like the one seen 12 years ago, a crash in home prices is unlikely.”

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

162 Responses to Home price growth continues to slow

  1. dentss dunnigan says:

    First

  2. Bystander says:

    Pence brings Jews for Jesus “rabbi” to say prayer for synagogue massacre. Geez you have to wonder if it is deliberate or just delusional. I think it is the former.

  3. ExEssex says:

    Legitimately pathetic like so much of life in flyover country. Got meth…? Opiates??

  4. Yo! says:

    S&P CoreLogic Case-Shiller (time for simpler name) index covers 20 house markets and 5 condo markets. Worst 2 recently are New York metro houses and New York metro condos. Both showing declines over past several readings.

    Best performers are everywhere on West Coast and Vegas.

  5. Fast Eddie says:

    If I sell, I want top dollar. If you don’t give me my price, don’t even bother submitting an offer.

  6. ExEssex says:

    9:09 you’ll take what you’ll get and you’ll like it. Much like the rest of your life amirite maga cunt.

  7. Fast Eddie says:

    My first two homes sold within hours above the asking price. I have no intention of selling but when I do, I’ll again get more than I expected.

  8. The Great Pumpkin says:

    The Great Pumpkin is coming!!

  9. ExEssex says:

    9:28 unless of course the incompetent POTUS tanks the economy and sends NJ into the desert for 40 years….

  10. Fast Eddie says:

    Right. Unlike the democrats who want medical care for all, higher taxes, open borders, legal pot, free college, watered down standardized testing… basically a free for all. Now there’s a business plan for the economy!

  11. Ottoman says:

    Irony (noun): Deplorables pissed off at libtards for calling them stupid while the Republican Party they wholeheartedly support claim to be the saviors of Obamacare to their faces after 70 votes and several lawsuits to destroy it.

  12. Ottoman says:

    Quote of the day:

    “White people don’t kill white people.” – Fast Eddie, probably

  13. Ottoman says:

    So weird how the Republicans aren’t crowing about that wonderful tax cut for billionaires that added nearly 2 mill to the debt and did nothing for the middle class. Or how they were so good at economics back in 2008 when they sent the world into a financial collapse. Or when Reagan deregulated the savings and loans into ruin.

    If you don’t know by now that Republicans blow up the economy so when Democrats gain power, they can be blamed for the aftermath and then scream about cutting middle class programs you really are the dumbest boy on the block.

    The only thing that improves economies consistently is putting more money in the hands of poor people. And if you took Jaime Dimon’s d1ck out of your mouth for 2 seconds you’d realize it.

    Fast Eddie says:
    October 31, 2018 at 9:49 am
    Right. Unlike the democrats who want medical care for all, higher taxes, open borders, legal pot, free college, watered down standardized testing… basically a free for all. Now there’s a business plan for the economy!

  14. Fast Eddie says:

    Ottoman,

    You’re just jealous because your “kind” doesn’t have what it takes to advance.

  15. Selling? says:

    Question for the group: We are looking to list our home with a traditional agent. We have interviewed a handful and have received suggested list prices between $600k-$675k. Seems like a huge range to us. Personally, we think our home is worth about $625k or so.

    Do some agents suggest a higher starting list price hoping that you agree to work with them knowing it will take a reduction or two to ultimately sell the home? Seems like a real shady practice to me.

  16. Fast Eddie says:

    The only thing that improves economies consistently is putting more money in the hands of poor people.

    Why? So they can buy lottery tickets and vapes?

    LMAO!!!

    How about Detroit, Chicago and Newark… all run by democrats? Zuckerberg gave $100,000,000 to Newark and they squabbled over it like feral beasts in the wild. Not a dollar went to the classroom.

    We can use a man like Reagan again. He’s the reason I forged my career and built my wealth.

  17. Fast Eddie says:

    Can you imagine an angry leftists talking about the debt when the big-eared, do-nothing, smooth talking shyster ran up more debt than all previous presidents combined?

  18. Ottoman the Hypocrite says:

    Did you forget that the Clintons repealed the glass-steagal act deregulating the banks in 1999 which caused the economy to crash in 2008 or are you just so hate filled and ignorant that you want to blame everything on the Republicans?

    “So weird how the Republicans aren’t crowing about that wonderful tax cut for billionaires that added nearly 2 mill to the debt and did nothing for the middle class. Or how they were so good at economics back in 2008 when they sent the world into a financial collapse. Or when Reagan deregulated the savings and loans into ruin.”

  19. D-FENS says:

    Leftists are now deficit hawks and constitutional orientalists. They really stick to their principles.

  20. D-FENS says:

    orientalists = Originalists…goddam auto correct

  21. ExEssex says:

    Publicly, President Trump is predicting that Republicans will maintain unified control of the federal government after next week’s congressional elections, but he also tweeted Tuesday that the stock markets, now back to where they started 2018, are “taking a little pause” because “people want to see what happens with the midterms.” This is part of Trump’s new “simple strategy if markets and the economy cool over the next two years: Blame Democrats and the Fed,” Politico reports. “In recent days, Trump and his senior advisers have repeatedly argued that recent turbulence in the stock market reflects investor fear that Democrats will retake the House in the midterm elections next week.”

    According to economists and market analysts, “these arguments bear little connection to reality,” Politico says, explaining:

    Instead, they note that the economy is following a pattern many predicted when Trump and Congress slashed corporate tax rates last year: A period of faster growth followed by a return to the pace of around 2 to 3 percent that has persisted for nearly a decade with annual deficits rising. Market analysts and traders also attribute much of the recent volatility in stock prices to fear over Trump’s bitter trade war with China and concern that corporate profits have hit their high point for the current economic expansion, which is now in its 10th year and approaching the longest expansion on record. Panic over Democratic gains in Congress does not rank high on the list of worries. [Politico]
    Stocks dropped sharply on Monday, for example, directly after a report that Trump could slap tariffs on just about all imports from China as soon as December. And underscoring the rising deficit, the Treasury Department said Tuesday that federal borrowing will rise to $1.34 trillion this year, more than double 2017’s borrowing and the highest level since post-recession 2010. You can read more about what’s really moving the markets at Politico. Peter Weber

  22. grim says:

    Do some agents suggest a higher starting list price hoping that you agree to work with them knowing it will take a reduction or two to ultimately sell the home?

    Yes, it’s called buying the listing. Brokers might do it to enhance their inventory in a specific market as well – in an attempt to “own” an area or neighborhood.

  23. ExEssex says:

    10:17 clueless little racist why not read some more “smart people” books cuckboy??

  24. ExEssex says:

    Bluuuuuuue Waves bitches – My new theory is Trump supporters want everyone’s lives to be as shitty as their own. Vote .

  25. Fast Eddie says:

    Essex, is it true you locked yourself in a bathroom and p1ssed in your pants?

  26. Libturd...look me up in Costa Rica says:

    I’d argue that the reason the market took this dump is due to one solitary reason. Real estate has peaked and the last time this happened a lot of people on Wall Street got hurt. If you look at where the drop took place, besides the FAANGs. Industrials unrelated to housing are doing just fine. Housing-related stocks are getting murdered.

    Earnings have generally been fantastic. She’s about to bounce back.

    Kapeesh?

  27. ExEssex says:

    11:07 i piss my pants all the time hombre you must be more specific. I heard your potus likes piss tho…?

  28. chicagofinance says:

    You beat me to the punch.

    Ottoman the Hypocrite says:
    October 31, 2018 at 10:26 am
    Did you forget that the Clintons repealed the glass-steagal act deregulating the banks in 1999 which caused the economy to crash in 2008 or are you just so hate filled and ignorant that you want to blame everything on the Republicans?

    “Or how they were so good at economics back in 2008 when they sent the world into a financial collapse.”

  29. D-FENS says:

    Please beware of racist costumes this Halloween.

    https://www.youtube.com/watch?v=NuAtn32mx7I

  30. ExEssex says:

    Trump could have been a genuine hero to his base if he’d shored up entitlements and fixed the roads and bridges.

    But no. Let’s make the super rich richer at s cost to our futures and safety.

  31. Asking Price says:

    Houses are selling, selling for 10% off listing price. Since July.
    10% more and it will be panic..

  32. chicagofinance says:

    A Good Deed from Bridgewater-Based and Gastroenterology-Focused Salix Pharmaceuticals

    A giant inflatable colon that was stolen from the University of Kansas Cancer Center nearly two weeks ago has been found, police said.

    The “giant, inflatable, pilfered intestine” was recovered from a house in Kansas City, Missouri after investigators followed up on a tip. The Kansas City Police Department tweeted on Monday that nobody has been taken into custody yet, noting their investigation into the theft is ongoing.

    The “stolen colon” — weighing 150 pounds and costing more than $4,000 — was poached from the bed of a parked pickup truck in a Kansas City neighborhood on Oct. 18, according to the Colon Cancer Coalition. It was supposed to be displayed at a breast cancer 5K on Oct. 20.

    On Saturday, the American Society of Gastroenterology offered a $1,000 reward to anyone who came forward with information regarding the missing colon.

    The inflatable colon is often used as an educational tool by medical center staff for various university and community events.

    A fundraiser organized by the Colon Cancer Coalition to buy a new colon raised over $11,000 of its $4,000 goal by Monday evening. The group said that because of the generosity of Quest Diagnostics and Salix Pharmaceuticals, the coalition will now have two inflatable colons — three, if you count the recovered #StolenColon.

  33. ExEssex Blue Dawg says:

    How was I to know, she was with the Russians….too?

    https://youtu.be/kZx_TokIHdI

  34. JCer says:

    Essex if you really think the tax cuts were about the rich you are wrong. It was really about the corporate tax cuts. Corporate tax cuts are key to growth and the Democrat attitude towards corporate taxes yields inversions and jobs overseas. The reason the poor don’t benefit from a tax cut is because they really don’t pay significant taxes in the first place. The Bush tax cuts even with the partial rollback by Obama were still too much. Obama could have reduced the deficit but rather left the tax cuts for the lower half of Americans. If you are concerned with deficits the tax base needs to expand and the little people need to pay as well and spending cuts are needed.

  35. JCer says:

    The post in the last thread with the article on the 14th amendment despite being from a dubious source is actually correct. The 14th amendment has never faced a legal challenge, there is a reasonable argument that illegal aliens despite being subject to our laws do not meet the 19th century definition of being under US jurisdiction. It could go to the Supreme Court, that being said I don’t know that it would get through the current court. If Ginsberg or Breyer were to retire or die I could totally see another conservative justice pushing the decision to at the minimum stop birth right citizenship from being granted to the children of parents who were not authorized to be here. We will see if Trump tries to bring the case.

  36. D-FENS says:

    I hate the filters here sometimes. I take the time to type a thoughtful comment and it often disappears into the abyss.

  37. Mike S says:

    Arguing democrat vs republican is quite comical – they are both against you.

  38. ExEssex says:

    Happy Halloween you fat puzzie grabbing chucks:
    https://youtu.be/N1PFz56XWQI

  39. D-FENS says:

    I have a theory about Trumps recent announcement about citizenship as a birthright.

    Many of the congressional districts Democrats are trying to flip are white…generally centrist moderate Republican congressional districts. None of the Democratic candidates will speak a word about immigration… Trump’s comments about the caravan and the birthright issue bring immigration to the front of everyone’s mind.

    Try this: Go to Andy Kim’s or Mikie Sherrill’s websites or social media feeds and try and figure out what their positions are regarding immigration….crickets.

  40. D-FENS says:

    @cvpayne

    Breaking News
    ADP Jobs Report
    227,000 versus estimate 189,000
    4,000 mining
    17,000 construction
    17,000 manufacturing
    #Winning Big Time

  41. D-FENS says:

    @cvpayne
    Breaking News
    Wages & Salaries +3.1% Biggest Surge in Decade
    Benefits +2.5%
    Compensation +2.9%

    Main Street on the verge of getting paid….big time!

  42. ExEssex says:

    Eddie:?

    There has been a fair amount of rhetoric about the job growth and lower unemployment rate seen since President Trump took office. Candidate Trump touted that there would be 25 million jobs created over 10 years if he was elected. In January 2017 I wrote that this was a fairly easy campaign promise when you analyze the data and realize that it will only take 2% annual growth of the workforce to hit this target.

    https://www.forbes.com/sites/chuckjones/2018/10/30/two-charts-show-trumps-job-gains-are-just-a-continuation-from-obamas-presidency/

  43. Gobsmacked says:

    So much anger and hostility today!

  44. Comrade Nom Deplume, doing my job and yours says:

    We are at full employment and yet ExEssex still can’t find work. No wonder he’s bitter.

    Those new robots that Albertson’s is rolling out won’t help his prospects either.

  45. Comrade Nom Deplume, from Titletown, USA says:

    When the Duckboat drivers are on a first name basis with the players, you know you have dynastic teams.

  46. ExEssex says:

    1:56 Oh I’m working buddy, Sorry to disrupt your narrative.

  47. ExEssex says:

    I doubt seriously most of you understand where its all going or why you’ll be last in line for brains at the dickhead convention.

  48. No One says:

    ExEssex,
    It’s undeniable that the talk about a surge of infrastructure investment has not been backed up by any useful or innovative legislation. Which is a shame, because no other politician seems likely to change the status quo about how to think about the problem.
    https://www.cato.org/publications/commentary/why-trumps-plan-wont-fix-crumbling-infrastructure

  49. The Great Pumpkin says:

    The Great Pumpkin has come.

    “U.S. workers see fastest wage growth in a decade, outpacing inflation”

    https://apple.news/AG2sam9ZIS5uQLPWk4jNmWQ

  50. Libturd says:

    Behind a paywall.

    Spell it out for me. I’m always open to good honest debate.

  51. The Great Pumpkin says:

    Who called this 6 years ago? Not trying to take anything away from Trump’s tax cuts, but if he is responsible for this, how did I call this to a tee 6 years in advance? He honestly has nothing to do with this, it’s all demographics and business cycle at play. How else do you think I made this call 6 years in advance?

    D-FENS says:
    October 31, 2018 at 1:20 pm
    @cvpayne
    Breaking News
    Wages & Salaries +3.1% Biggest Surge in Decade
    Benefits +2.5%
    Compensation +2.9%

    Main Street on the verge of getting paid….big time!

  52. The Great Pumpkin says:

    You know what else grows the economy better than corporate tax cuts, actually sharing in the profit gains with the consumer aka your worker. Nothing beats it. It’s the most powerful economic growth creator in the economy…paying people so that they can actually create demand from their consumption.

    You can give all the corporate tax cuts you want, but you will not see any economic growth unless it trickles down to wages. So why not just give workers a raise if you want growth. Not saying give them a raise that leaves an owner with no profit, but for God’s sake share in the profit growth with the worker or you will see almost no growth.

    JCer says:
    October 31, 2018 at 12:16 pm
    Essex if you really think the tax cuts were about the rich you are wrong. It was really about the corporate tax cuts. Corporate tax cuts are key to growth and the Democrat attitude towards corporate taxes yields inversions and jobs overseas. The reason the poor don’t benefit from a tax cut is because they really don’t pay significant taxes in the first place. The Bush tax cuts even with the partial rollback by Obama were still too much. Obama could have reduced the deficit but rather left the tax cuts for the lower half of Americans. If you are concerned with deficits the tax base needs to expand and the little people need to pay as well and spending cuts are needed.

  53. D-FENS says:

    The notion that simply being born within the geographical limits of the United States automatically confers U.S. citizenship is an absurdity — historically, constitutionally, philosophically and practically.

    Constitutional scholar Edward Erler has shown that the entire case for birthright citizenship is based on a deliberate misreading of the 14th Amendment. The purpose of that amendment was to resolve the question of citizenship for newly freed slaves. Following the Civil War, some in the South insisted that states had the right to deny citizenship to freedmen. In support, they cited 1857’s disgraceful Dred Scott v. Sandford decision, which held that no black American could ever be a citizen of the United States.

    A constitutional amendment was thus necessary to overturn Dred Scott and to define the precise meaning of American citizenship.

    That definition is the amendment’s very first sentence: “All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the state wherein they reside.”

    The amendment clarified for the first time that federal citizenship precedes and supersedes its state-level counterpart. No state has the power to deny citizenship, hence none may dispossess freed slaves.

    Second, the amendment specifies two criteria for American citizenship: birth or naturalization (i.e., lawful immigration), and being subject to U.S. jurisdiction. We know what the framers of the amendment meant by the latter because they told us. Sen. Lyman Trumbull of Illinois, a principal figure in drafting the amendment, defined “subject to the jurisdiction” as “not owing allegiance to anybody else” — that is, to no other country or tribe. Sen. Jacob Howard of Michigan, a sponsor of the clause, further clarified that the amendment explicitly excludes from citizenship “persons born in the United States who are foreigners, aliens, [or] who belong to the families of ambassadors or foreign ministers.”

  54. The Great Pumpkin says:

    Are you insane? Are you using one ounce of logic in your analysis? People are finally getting raises, and the labor market is stupid tight, and you are calling for huge price drops in housing? You are absolutely insane.

    Just understand that falling real estate prices is not normal. It RARELY HAPPENS. This is not the stock market. It doesn’t have huge swings in either direction.

    Asking Price says:
    October 31, 2018 at 11:44 am
    Houses are selling, selling for 10% off listing price. Since July.
    10% more and it will be panic..

  55. D-FENS says:

    The record of the debate in 1866 is illuminating. When Senator Lyman Trumbull (D-IL), Chairman of the Judiciary Committee (and a key figure in the drafting and adoption of the 14th Amendment) was asked what the phrase “and subject to the jurisdiction thereof” meant, he responded: “That means ‘subject to the complete jurisdiction thereof.’ What do we mean by ‘complete jurisdiction thereof’? Not owing allegiance to anyone else. That is what it means.” (Emphasis added.) Only U.S. citizens owe “complete allegiance” to the United States. Everyone present in the United States is subject to its laws (and hence its “jurisdiction” in a general sense), but only citizens can be drafted into the armed forces of the United States, or prosecuted for treason if they take up arms against it.

    Senator Howard agreed with Trumbull’s explanation, saying:

    I concur entirely with the honorable Senator from Illinois [Trumbull], in holding that the word “jurisdiction,” as here employed, ought to be construed so as to imply a full and complete jurisdiction on the part of the United States, . . . ; that is to say, the same jurisdiction in extent and quality as applies to every citizen of the United States now.

    This exchange supports very strongly the conclusion that the Citizenship Clause was intended to mean the same as the Civil Rights Act of 1866—excluding children born in the United States to foreign nationals (that is, to resident aliens).

  56. The Great Pumpkin says:

    Oh, Eddie. If they are wasting money on a product, why the hell is there a business offering it? Who’s to blame? If you don’t want people wasting money on said products, maybe the almighty job creators shouldn’t create useless products to profit from, but you never look at the economy like this. You are so biased in one direction.

    Fast Eddie says:
    October 31, 2018 at 10:15 am
    The only thing that improves economies consistently is putting more money in the hands of poor people.

    Why? So they can buy lottery tickets and vapes?

    LMAO!!!

    How about Detroit, Chicago and Newark… all run by democrats? Zuckerberg gave $100,000,000 to Newark and they squabbled over it like feral beasts in the wild. Not a dollar went to the classroom.

    We can use a man like Reagan again. He’s the reason I forged my career and built my wealth.

  57. The Great Pumpkin Hypocrite says:

    The person is to blame for being stupid enough to buy it and having no self control.

    That is how the free market works but you are too stupid to understand that so you blame businesses. People like you waste money buying a BMW so BMW is to blame right?

    The Great Pumpkin says:
    October 31, 2018 at 3:53 pm
    Oh, Eddie. If they are wasting money on a product, why the hell is there a business offering it? Who’s to blame? If you don’t want people wasting money on said products, maybe the almighty job creators shouldn’t create useless products to profit from, but you never look at the economy like this. You are so biased in one direction.

  58. 3b says:

    If the person committed an illegal act by entering the country than the children born in that country should technically not be legal citizens as an illegal act was committed thereby leading to the birth of the children in the country where the illegal act occurred. I don’t believe illegal immigration was a problem in
    1866. The law has to be modified to reflect today’s reality. It can’t however be done through an executive order. Back to fun in Barcelona! Viva Catalonia!!

  59. The Original NJ ExPat says:

    So, you’re like one of those guys dressed up in a Star Wars costume, camping out for days, to be first in line? BTW, I’m not going.

    ExEssex says:
    October 31, 2018 at 2:07 pm
    I doubt seriously most of you understand where its all going or why you’ll be last in line for brains at the dickhead convention.

  60. ExEssex says:

    I’m Boba Fet bitch and you are the keynote this year.

  61. Blue Ribbon Teacher says:

    This is a silly argument. I’m pretty sure the founding fathers weren’t intent on having people sneak into the country to have babies to make them citizens. It’s an interpretation that needs to die. Anyone in support of the loophole is being ridiculous. Either interpret it the right way or close the loophole. Encouraging anchor babies and fighting for them to become citizens is a dumbfounding argument.

  62. The Original NJ ExPat says:

    The Democrats require a permanent underclass because their platform of big government and high taxes uber alles is so stupid that they have a perpetual need to import more stupid. The best kind of stupid, in their eyes, is the kind of stupid that doesn’t pay any taxes. Essex is a hybrid kind of stupid, the self-loathing variety.

  63. ExEssex says:

    Says you dum dum. The only thing I
    Loathe is the complete and total failure that represents the high office of POTUS.

    That and the vinegry stench your mom emits right after I cream pie her.

  64. The Original NJ ExPat says:

    You misspelled Baba Booey.

    I’m Boba Fet bitch and you are the keynote this year.

  65. The Original NJ ExPat says:

    Yep, looks like Ottoman should have checked his dipstick when he pulled out after giving Essex his daily venom injection. My guess is he is overfilled the crankcase it is now working up to a dangerous froth condition.

  66. The Original NJ ExPat says:

    BTW, do we have any proof that Ottoman and Essex are not shacked up? It certainly would explain a lot.

  67. ExEssex says:

    Hey I’m not the one traveling with another dude on a tropical getaway…. just sayin

  68. The Great Pumpkin says:

    The hypocrisy in your post. Once again, you don’t even realize the bias in your analysis.

    I ask again, why is the almighty job creator putting a nonsense product on the market for exploitation? And your type claims “we don’t need no freaking regulations, the free market fixes all.” Smh. Now you seed the negatives associated with a capitalist profit driven system? Profit is the goal, not value for society.

    P.s. bmw is not a waste of money if you appreciate really DRIVING cars.

    The Great Pumpkin Hypocrite says:
    October 31, 2018 at 5:26 pm
    The person is to blame for being stupid enough to buy it and having no self control.

    That is how the free market works but you are too stupid to understand that so you blame businesses. People like you waste money buying a BMW so BMW is to blame right?

  69. The Great Pumpkin says:

    Now you see the tight labor market, and you see inflation is here. Again, please tell me why you see house prices dropping off a cliff?

  70. The Great Pumpkin Hypocrite says:

    I know you are going to ask again. It is part of your lunatic mental disorder when you can’t handle the truth so you babble on and on and on. BMWs are a waste of money except for arrogant a holes like you like think you are so smart.

    “I ask again, why is the almighty job creator putting a nonsense product on the market for exploitation? And your type claims “we don’t need no freaking regulations, the free market fixes all.” Smh. Now you seed the negatives associated with a capitalist profit driven system? Profit is the goal, not value for society.”

  71. The Original NJ ExPat says:

    And use it to overpay for a depreciating asset with high taxes, high maintenance costs, and high levels of exhaust and traffic fumes that nobody really lives in because the Mrs. is out earning the bread and the other Mrs. is working for daycare to the point that you are priced out of having a real family. What a great life.

    Grab as much as they will loan you at these rates!!

  72. Bystander says:

    Mic drop, Pat. Bravo. Blumpy is hitting that 40 mark. His employer will wake up soon that his finger seems attached to an item all day..his nose. He also plays with that damn phone. Once he is shown the door for cheaper foreign labor he will face real world. All these articles about growth, wages, tax cuts, he will see truth that it is uneven and mostly helping cheap younger workers on bottom rung or low wage hourly workers who will still live in poverty. It is great that a company might pay 35k instead of 33k for a secretary now. Once you reach a skillset and level of experience requiring a larger salary when then it becomes about low cost location. I deal with it everyday now. I overheard a guy in Finance control IT nearly begging hiring mgr to find a US resource and ultimately stating it is because we are so used to pulling candidates from cheap Indian firms. That was real. I do work force plans for 300 people with 90% working for WiPro in Pune. You have almost 0% chance to be hired as a BA, Software Dev, Solution Architect or QA in US. When my bank starts hiring locally then I might believe unemployment stats. It is not happening and if it is not happening as one bank, believe me, it is same story at another. They are a lemming industry. I still have my resume out there, stating open for contracts. I get a local NY role once in awhile and state that I may be interested but want hourly rate. Never hear back. If companies so desperate why not reply?

  73. The Great Pumpkin says:

    My house doesn’t have to go up a dime, the amount of money I saved (made) from the ultra low rates is fine with me.

    I can have more kids if I want, it’s not about money. It’s about what my wife and I feel comfortable with. We raise our child right. Having multiple kids is a choice. Unfortunately, a bunch of parents out there are taking on more then they can handle and the kids suffer because of it. Lots of people should not be parents out there.

    The Original NJ ExPat says:
    October 31, 2018 at 9:12 pm
    And use it to overpay for a depreciating asset with high taxes, high maintenance costs, and high levels of exhaust and traffic fumes that nobody really lives in because the Mrs. is out earning the bread and the other Mrs. is working for daycare to the point that you are priced out of having a real family. What a great life.

  74. No One says:

    Pumpkin,
    I agree with you 100% about this. Parenting is a big long term commitment, in terms of time and money. What really bothers me are the people who don’t think at all about the responsibility, and then aggressively demand that “society”, i.e. you and I, should be forced into taking care of their kids for them.
    “I can have more kids if I want, it’s not about money. It’s about what my wife and I feel comfortable with. We raise our child right. Having multiple kids is a choice. Unfortunately, a bunch of parents out there are taking on more then they can handle and the kids suffer because of it. Lots of people should not be parents out there. “

  75. The Great Pumpkin says:

    Amen, No One. You want to lower our taxes, then we should shame parents into not having children that the rest of us will have to take care of for the rest of their lives. Prison costs a lot of money. So does an adult with no skills to get a real job.

  76. The Great Pumpkin says:

    Bystander,

    Again, I empathize with your current position in the job market. Understand, this does not apply to the entire job market. How many people work for banks? It’s a good amount, but not representative of the entire job market.

  77. 30 year realtor says:

    Selling, As an agent I was always taught that time (length of listing term) was more important than listing price. A long listing with a motivated seller is money in the bank. Agents fear sellers will not list with them if they give them a price opinion below the seller’s expectation or lower than other agents. Once an agent has you signed up for 6 months the process of beating you down on the price begins!

    All agents and brokers have access to the same tools. Paying full commission is a joke. The dog and pony show associated with a 5% listing agreement does nothing of importance toward getting your home sold.

  78. Bystander says:

    It applies everywhere, Blumpkin. It is the search for lower costs. Here is headline for you. Any white collars with 12 years or more service are impacted. Gee, I wonder why they are targeting them?

    GM offers buyouts to 18K salaried workers in North America.

  79. 30 year realtor says:

    I have not gone a traditional listing appointment in more than 5 years. When I would be in a house trying to get a listing I did not want to discuss price or listing commission. My sole purpose was to convince you that I was the best person for the job of selling your home. If you as the seller did not see me as the most qualified why were we discussing how much I charged or my opinion of value?

    For the masses the decision of what broker to work with is usually based in emotion rather than common sense or commission rate.

  80. Asking Price says:

    Pupkin, With your over exposed RE strategy and too much focusing on $$$, which resulted in having only 1 Kid.. . If you decided to have 1 kid because you like it that way, then its fine. If you did that to save some more $$$, its a bad strategy… Your kid has nobody to play with at home and long drives and vacation days are boring.. You have a single point of failure. Both in terms of financial investments and family life..

  81. Blue Ribbon Teacher says:

    You gotta have 2 kids in the hope that at least one of them will care for you when you are on your deathbed

  82. homeboken says:

    Because broker fee is only a part of the equation. Qualifications, agent network, listing price, brokerage fee are all part of the equation. As a seller, my goal is to maximize price while paying the lowest possible fee.

    Getting your client to agree that you are the best possible agent is great. But of course, opportunity cost comes into play. What if the next best agent is willing to take my listing at half of your fee. That options results in more money in my pocket. Your skill is only part of it.

    30 Year said –
    “If you as the seller did not see me as the most qualified why were we discussing how much I charged or my opinion of value?”

  83. The Great Pumpkin says:

    Let’s not pretend that two siblings always have a romanticized good relationship with each other. I have seen so many cases where the siblings hate each other and tear the family nucleus apart. So having a child because you think they will be lonely is lame. Also, what happens if the child comes into this world as mentally challenged or autistic? I’m not taking that risk, because I’m not in the position to take care of that the rest of my life.

    My child has plenty of cousin’s her age to play with. Both of my siblings live in the same town, as does my wife’s sister. She is far from lonely.

    Asking Price says:
    November 1, 2018 at 9:31 am
    Pupkin, With your over exposed RE strategy and too much focusing on $$$, which resulted in having only 1 Kid.. . If you decided to have 1 kid because you like it that way, then its fine. If you did that to save some more $$$, its a bad strategy… Your kid has nobody to play with at home and long drives and vacation days are boring.. You have a single point of failure. Both in terms of financial investments and family life..

  84. The Great Pumpkin says:

    Fair enough, but new jobs will be created. If you eliminate all the white collar jobs in the name of profit, you will hurt the economy long term, as the spending of white collar individuals creates massive demand in the economy. You will have insane income concentration at the top, and the economy will fall on its head with lack of demand.

    Bystander says:
    November 1, 2018 at 9:23 am
    It applies everywhere, Blumpkin. It is the search for lower costs. Here is headline for you. Any white collars with 12 years or more service are impacted. Gee, I wonder why they are targeting them?

    GM offers buyouts to 18K salaried workers in North America.

  85. ExEssex says:

    9:39 your dying at that point what care do you require? Bedpan and a glass of water!?

  86. 30 year realtor says:

    homeboken, I am a huge proponent of discount brokerage. There are plenty of brokers who will list properties in MLS for 3% (2% to selling agent/1% to listing agent) commission and provide adequate service to get your home sold. Good negotiating skills are where an agent can return a portion of their fee to their client.

    My experience has been that most home owners prefer to over pay for the dog and pony show rather than to understand the realities of real estate sales. Can’t tell you how many sellers have chosen 5% commission agent’s sizzle over my 3% steak!

  87. Fast Eddie says:

    Can’t tell you how many sellers have chosen 5% commission agent’s sizzle over my 3% steak!

    Can I go for the 1% hamburger? I’ll never figure out what any of the agents did on the sales/purchase of my three homes. I did the paperwork, collected the information and followed-up on tasks. They listed the house and showed up for the check at closing. Even on the sale of my last house, I was the one that showed my place and entertained the eventual buyers. I charmed them while being very honest about everything and anything. It’s called “added value.”

  88. MAGA2020 says:

    Esx, since you lack the offspring to do it, maybe one of the border hopping Guatemalans that you love so much will wipe your a$s when you’re an invalid. It’s the least they could do for you.

  89. ExEssex says:

    I
    Gotta kid Maga.

    Seriously. Would never make em or wasn’t let them to wipe my ass. Hell this generation is so coddled they can barely wipe their own butts.

  90. 3b says:

    New jobs will be created? Didn’t we hear that before? Anyhow on a happy note I highly recommend Barcelona! What an amazing City! Time for some Cava!

  91. PumpkinFace says:

    On one hand, we’re positive new jobs will be created, THEY MUST! And on the other, the robots are coming and will destroy many more jobs, he exclaims.

    I USE LOGIC

  92. Bystander says:

    “what happens if the child comes into this world as mentally challenged”

    You are doing ok. Seriously to each his own but no person I know said “I loved being only kid. I got whatever I want” and meant it. Life is a risk, a struggle and no guarantees. Lots of people deal with their childs health and development problems. I doubt any would change a hair on the kids head. I came from 6, beat and teased my little bro to hell. We had beers and laughed this weekend. Give a kids a common struggle and they will bond. Share a room when they are young. Annoy them both evenly, embarrass them in front of friends once in awhile and play some loving jokes on them. Scare hell out of them when they are a little older. The kids who don’t get along are usually bc of parents being too serious and creating unhealthy competition directed at each other.

  93. The Great Pumpkin says:

    The robots are coming for low skilled jobs. Bystander is talking about high skilled jobs. High skilled jobs will be created, I’m just worried about the legions of individuals who drive for a living, or work as a cashier. These jobs are dead. Will they have enough mental capacity to take on high skilled jobs? This question scares the hell out of me and leads me to believe the future govt will be one huge nanny state or total anarchy.

    PumpkinFace says:
    November 1, 2018 at 10:51 am
    On one hand, we’re positive new jobs will be created, THEY MUST! And on the other, the robots are coming and will destroy many more jobs, he exclaims.

    I USE LOGIC

  94. Blue Ribbon Teacher says:

    9:39 your dying at that point what care do you require? Bedpan and a glass of water!?

    Some people die over the course of years. Everyone wants to die fast. Slow death is burdensome. When my grandfather died of cancer, it took 3 years. His other 4 sons did nothing. We took him in.

    And, all along the way, my brother and I ended up carrying him around the house the last 6 months. Feeding him by hand. If he only had 1 kid, he would have been banished to a nursing home and died alone.

    The only thing the rest of the family showed up for was their cut on the $40k he had left in the bank.

  95. The Great Pumpkin says:

    Bystander,

    You make good points, and I will consider them as re-evaluate my life plan. Maybe I’m wrong about one child being fine, but from what I see, my daughter seems to be really happy. Again, maybe I’m totally wrong.

  96. D-FENS says:

    AI will replace your “high skill” job

  97. Gobsmacked says:

    Lawyers are being replaced by AI and soon many doctors. We will be all superfluous. Terminator anyone?

  98. Trick says:

    Blue, went through this with my father this summer. I’m 1 of 6 and we all pitched in.

  99. PumpkinFace says:

    The robots can handle your spreadsheets better than you can.

    The Great Pumpkin says:
    November 1, 2018 at 11:22 am

    The robots are coming for low skilled jobs.

  100. Bystander says:

    Define “high skill”. I think being a multi-GAAP accountant would be high skill but no one is untouchable. The problem with AI and robotics is the illogic that exists is most decisions made at any semi-complex organization. Things look easy until it is month end, data is missing data or someone makes late booking error or has hot new sales product that must supported asap. The robots might not procrastinate but humans do. High level managers are some of the worst. It sounds hot but it will fail miserably. Sure it will take some jobs with it but likely those excel monkey, repetitive jobs that ebb and flow but never go away.

  101. D-FENS says:

    @Rasmussen_Poll
    Oct 29
    More
    Trump Approval Today Back at 50%

    Black Voter Approval at Record High.

    http://bit.ly/preztrack

  102. The Original NJ ExPat says:

    I’ve stated many times that the one thing that Pumpkin is doing right is choosing not to have any more kids after looking over the results of the first try. She’s not allowed to play in the street for obvious reasons, but she likes sitting on the curb because she likes the vroom-vroom smell.

    Pumpkin,
    I agree with you 100% about this. Parenting is a big long term commitment, in terms of time and money. What really bothers me are the people who don’t think at all about the responsibility, and then aggressively demand that “society”, i.e. you and I, should be forced into taking care of their kids for them.

  103. Blue Ribbon Teacher says:

    Blue, went through this with my father this summer. I’m 1 of 6 and we all pitched in.

    Sorry to hear that. Kudos to you and your siblings. Even splitting that type of care up is very trying. I was 21 at the time but it really opened my eyes to see how things go when you are on your way out. I’ve seen it happen time and time again. Some children step up to take care of their parents. Others don’t even bother.

  104. The Great Pumpkin says:

    Exactly, maybe the job will be eliminated by AI, but that AI has to be ridiculously good at critical thinking. There are so many changes that need to be made with critical thinking skills that I just can’t see AI taking this over. Just impossible when I think about it. Not many humans can do what I do, never mind an AI driven device. I know one day AI will be capable, but not for a very very long time. It has to be able to critically think like at a level as high as the “more intelligent” human beings out there. We are a long way from that. Just too many calculations at play, and the massive amount of energy needed to do it.

    Bystander says:
    November 1, 2018 at 12:56 pm
    Define “high skill”. I think being a multi-GAAP accountant would be high skill but no one is untouchable. The problem with AI and robotics is the illogic that exists is most decisions made at any semi-complex organization. Things look easy until it is month end, data is missing data or someone makes late booking error or has hot new sales product that must supported asap. The robots might not procrastinate but humans do. High level managers are some of the worst. It sounds hot but it will fail miserably. Sure it will take some jobs with it but likely those excel monkey, repetitive jobs that ebb and flow but never go away.

  105. The Original NJ ExPat says:

    Pumps – How much do you owe for your Dad’s State-paid prison stint(s)? The tainted apples don’t fall far from the tainted tree. If Bill Clinton was as dumb as you with choosing his words, he would be parroting, “All survivors must be believed.”

    Hahahahaahahahahhahaaaaha!

    Amen, No One. You want to lower our taxes, then we should shame parents into not having children that the rest of us will have to take care of for the rest of their lives. Prison costs a lot of money.

  106. Blue Ribbon Teacher says:

    Let’s not pretend that two siblings always have a romanticized good relationship with each other. I have seen so many cases where the siblings hate each other and tear the family nucleus apart. So having a child because you think they will be lonely is lame. Also, what happens if the child comes into this world as mentally challenged or autistic? I’m not taking that risk, because I’m not in the position to take care of that the rest of my life.

    I would you raise your children to not be adversaries. When they are, it’s usually a product of poorly instilled values.

    As far as not having a child for fear of it having some sort of disability, the way you speak about your financial standing, you are perfectly in a position to care for it. You just choose not to because you don’t want to sacrifice your own standard of living.

    I’m not casting judgement here. I could care less how many kids you have and that’s your right. But your arguments are not holding water. Truth is, you yourself admitted you and your wife don’t want to have another kid because she cares about her career more.

  107. The Original NJ ExPat says:

    Read the Blumpkin posts for a complete case study.

    Hahahahahahahahahahahahaha!

    “what happens if the child comes into this world as mentally challenged”

  108. Blue Ribbon Teacher says:

    I know one family, they have 5 kids now, all in about a 8 year time frame. They aren’t wealthy, in fact, the father is still in grad school. Came from the military. Mom is a stay at home mother. Their kids are all well behaved and respectful.

    Also know plenty of one and dones that are the worst parents ever. I’m not sure that having more kids correlates to bad parenting. I’ve watched parents mail it in on their 3rd and 4th kids all the time. But I’ve also seen cases of people doing a top notch job.

    Personally, I’m done at 2. In my position, it was the most I could have with my wife being able to stay at home to raise them. I’m also suffering from some bad chronic injuries so I worry how well I’d handle it if I had a 3rd.

  109. The Original NJ ExPat says:

    There’s another clue. We already know that Pumps grew up in house filled with criminality, violence, drug use and sales, and no emphasis on education. Maybe incest too?

    Let’s not pretend that two siblings always have a romanticized good relationship with each other.

  110. Bystander says:

    Jesus, Pat..hah. You are brutal.

  111. The Original NJ ExPat says:

    I’ve watched this over decades and made some interesting observations.

    1. Assuming both parents work office jobs and are doing the child care route, they don’t ever learn how to address children as children. This is amplified by their guilt for having spent so very little time with their kids. This is the result: Parents want their family time to be “happy time”, since it is so short. Consequently, they don’t discipline their children. More so, they talk, and encourage their children to talk, using only their “inside voices”. They don’t “tell” their kids what to do. They, rather, “suggest” “appropriate” behavior. They “negotiate” outcomes in quiet voices, just like the ones they are trained to use at the office. The kids don’t listen because there is no disincentive not to listen (double negative intentional).

    2. The daycare kids. Daycare kids are firstborns, predominantly and dominantly. As such, they are living the Lord of the Flies life, vying for where they fit in. Aggression and dominance rules. First children have a lot of this in them anyway, day care amplifies same.

    3. Here’s the real downfall. Let’s say you have two parents where neither one was an oldest child. The kid, back from his 50 hour weekly boot camp, rules the roost (see #1 above). The parents are thrust back into their own submissive childhoods and listen to the kid like he is the older sibling. The kid dominates both parents. He or she runs the house.

    Also know plenty of one and dones that are the worst parents ever.

  112. The Great Pumpkin says:

    My parents went 3 for 3 on successful adults. So say what you want to say, each one of us are doing much better than our parents. We all contribute significantly to society through the taxes we pay. So beat me up for being stuck with a dad that had issues. You are just like everyone I grew up with, putting me down for my father, and now questioning why their kids didn’t do as well as the “bad guy’s” kids. Can you say Karma?

    The guy was a good guy. Taught us to work hard, along with the world is not fair. Taught us, “Do unto others as you would have them do unto you.” We followed it, and everything fell into place. He could have been really successful in life had he not caught the drug disease of addiction. Highly intelligent individual and one of the most honest human beings I have ever met.

    The Original NJ ExPat says:
    November 1, 2018 at 1:51 pm
    Pumps – How much do you owe for your Dad’s State-paid prison stint(s)? The tainted apples don’t fall far from the tainted tree. If Bill Clinton was as dumb as you with choosing his words, he would be parroting, “All survivors must be believed.”

  113. The Great Pumpkin says:

    Yes, it’s tough, no easy decision here. Maybe we might change course, it’s really such a complicated decision to think about. That’s why I am amazed that some people just pump them out without a thought on the future. Wrong in so many ways.

    “Truth is, you yourself admitted you and your wife don’t want to have another kid because she cares about her career more.”

  114. Asking Price says:

    Pumpkin,

    How in the world did you turn this real estate blog into a parenting discussion…

    1-You worry about giving birth to a disabled Child.. but you are 100% certain RealEstate will take off to the moon soon
    2- You lose sleep over some anonymous people giving you advise over the web
    3- You think you are in some super duper job that no robots can replace. This just shows that you have seen nothing yet and your career future is limited.
    4-You give too much info on your personal life and still keep the username..
    5-Having a second child is not a very complicated decision.. You are making it complicated..
    6- You keep claiming you are successful.. But looks like you are comparing yourself to the median US population and have set a very low bar for yourself..Probably this is because you hang out with losers mostly.
    7-You think having a BMW means you are wealthy.. And owning a BWM means a lot to you..
    8-Success in life doesn’t come just because you are smart… Depends on a lot of stuff..

  115. Bystander says:

    There’s the Eddie we know and love. Speaking of fat realtor spunk, my (successful) brother bought a 1.1m 1930s colonial in haughty town recently. Nice property and charming but loads of work. Anyway, he has bought two houses using wife’s friends sister who is a realtor. 300 lbs easy and gap toothed. She is now the selling agent on their old house but was their buying agent on it back in 2009. It has been sitting for six months, no offers. She has now had him reduce it to same price that she instructed him to buy it at 9 years ago. He has put 80k into it easy. Busy street but nice. Cements my belief that their “profession” is dung and they provide little value. I have to now sit near this woman at family events and stay quiet. The big brother in me wants to lashnout. My brother and his wife can’t because she is basically family. Sucks.

  116. JustAsking says:

    I dumped my realtor because he was encouraging us to buy every house we showed interest in.. Never said a negative word about the location or anything on any house..

  117. The Great Pumpkin says:

    Just asking,

    100% to the moon soon? Wtf? I have been on this blog for years calling for a huge run in the 2020’s. I have said over and over that wage inflation (inflation in general)would return end of decade combined with millennials going into peak spending years, which would send real estate into the next bubble. I have been right to a tee with the tough predictions of wage inflation/inflation 6 years in advance, and now you think I won’t get the easy part right?

  118. azevedo says:

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  119. The Great Pumpkin says:

    To me, these people are not anonymous. I have been having daily discussions with these blog members since 2012. These people are like anonymous friends to me, where we have intelligent debates on subjects most people don’t give two sh!ts about.

    You don’t even know my job? It’s not being replaced by AI programs, sorry. At least not anytime soon.

    Successful? I’m in the 1% on a world scale (over 800,000 )(19 million Americans are here). I don’t know what the current stats are, but I was in the top 5% of Bergen County income at the age of 33. That means I was doing better at the young age of 33 than 95% of the people there,…pretty successful, IMO.

    Am I going to claim that I’m unsuccessful because I’m not in the 1%? Hell no, it’s almost impossible to get in the 1% at my age (although I will get there in time if I don’t get bad luck). It’s basically almost impossible to hit the 1% at any age. Come on, you have to be better than 99% of the population. If you in the top 30%, you are successful in my book!!

    I’m not bragging about owning a BMW. I bought it at 25, 13 years ago. Car is still mint, runs well, so no reason to get rid of it. What is it worth now? Maybe 4,000? My wife has the nicer car with the Xc 90.

  120. The Great Pumpkin says:

    And if you think I carry myself as some elitist, you are dead wrong. My upbringing has made it clear to me to not put anyone down for having less money or not doing well in life. I know how it feels to be put down, and I would never do that to someone else.

  121. The Great Pumpkin says:

    Yes, let’s beat these stocks up for no reason whatsoever. I swear these people are just looking for reasons to bash the market for the sole reason it has been a 10 year bull run. Stock market is pure casino in the short term. No doubt about it, because the movement makes no sense at all.

    “Apple Posts Another Quarter of Record Revenue and Profit
    Apple posted better-than-expected fourth-quarter revenue and profit, as the combination of higher iPhone prices and strong app-store sales propelled the technology giant to its best year ever.

    Revenue for the three months ended Sept. 29 rose nearly 20% to $62.9 billion, while profit soared 32% to $14.13 billion, Apple said.”

  122. The Great Pumpkin says:

    Yup, let’s bash these stocks to no end for no reason whatsoever. I swear that these people are just looking for a reason to bash the market based on one reason only, they can’t grasp how a 10 year bull keeps going. They just don’t understand. Their bias is blinding them.

    “Apple Posts Another Quarter of Record Revenue and Profit
    Apple posted better-than-expected fourth-quarter revenue and profit, as the combination of higher iPhone prices and strong app-store sales propelled the technology giant to its best year ever.

    Revenue for the three months ended Sept. 29 rose nearly 20% to $62.9 billion, while profit soared 32% to $14.13 billion, Apple said.”

  123. The Great Pumpkin says:

    Not sure if this is true, but I’m voting no.

    “Ballot Question #1 Senate Bill 2293 – SECURING OUR CHILDREN’S FUTURE BOND ACT…
    This sounds like a Nobel cause, after all, who could deny “the children?”

    1) This act is the New Jersey government asking voters for permission to borrow $500,000,000 (500 million dollars). New Jersey owes around $221 billion dollars.

    The budget (income) is only around $35 billion dollars (and shrinking due to flight of taxpayers..

    2) The bonds (loan) will be paid back with money collected from the STATE SALES TAX.

    3) Now here’s the the SMALL PRINT… Section 21b… If for any reason, they don’t have the money to pay back these loans,
    “We The People” who vote “yes” for this bond bill are
    GIVING THE STATE FULL LEGAL AUTHORITY to RAISE OUR REAL ESTATE TAXES ANY AMOUNT NECESSARY.

    4) This AFFECTS EVERY PERSON living in or owning property in New Jersey. The only way you’d know this detail is if you read the entire bill which most people never do. The explanation on the ballot doesn’t mention this hidden taxing authority in any manner.

    5) The NJ CONSTITUTION says all loans MUST BE APPROVED BY THE VOTERS.
    If not, they are not legal debts. Wall Street banks now insist on getting voter approval from the voters to protect themselves. Otherwise they will not loan the state any more money. They know that tax payers will not have to pay back any unconstitutional loans. Bankers are smart.

    6) Vote NO on Question 1 – The Bond Bill, S2293!”

  124. Blue Ribbon Teacher says:

    I’d be for it if they promised it would come out of the hundreds of millions of dollars that we send JC.

    If you vote on it, they’ll put it into the general fund and not a dime will make it to the kids. Just like nothing made it to Newark children or teachers from the Zuckerberg donation.

  125. ExEssex says:

    Narrative Change —

    Tree of Life Rabbi Jeffrey Myers said Thursday he was “pleasantly surprised” to discover a “warm and personal side” to U.S. President Donald Trump when he visited the Pittsburgh synagogue this week following the deadly shootings there over the weekend.

    Myers’ comments about Trump, who has been criticized for a lack of empathy in responding to national tragedies, came during a CNN interview in which he recounted a visit Tuesday that also included first lady Melania Trump, as well as Ivanka Trump and Jared Kushner, the president’s daughter and son-in-law, both of whom are Jewish.

  126. Andrewhaf says:

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  127. Libturd says:

    Trains completely f-Ed again this morning. Mister we could use a man like Mussolini again.

  128. 1987 Condo says:

    When does the NJT train issue affect sales in train towns? Ever?

  129. 1987 Condo says:

    Job Guess: 209k

  130. 1987 Condo says:

    Job Actual: 250k

    U/E: 3.7%

    Wages:,2%

  131. Blue Ribbon Teacher says:

    1987,

    I’m not sure it does. The NJ Transit issue has clogged the hell out of the roads. I’m on 78 around 6:45 and the traffic is horrendous. Used to be nothing. I have to leave 20 minutes earlier now and I’m officially on the road at 5:45. Commuting far has become even less attractive and it’s making me reconsider the area I work at for the first time in 4 years. I could work for $20k less in Mercer county and make it up the difference in tutoring easily.

  132. Fast Eddie says:

    October jobs report smashes expectations, wages rise at fastest pace since 2009 – vote dem0crat if you’re a p.ussy.

  133. Fast Eddie says:

    When does the NJT train issue affect sales in train towns? Ever?

    No. As long as a train can fit on a track, the prices will be lofty. And it’s a good thing because it keeps out the riff raff.

  134. Blue Ribbon Teacher says:

    Also, with respect to traffic, I’ve seen more accidents in the first 2 months of the school year than I did all last year.

  135. Fast Eddie says:

    Jobs vs. Mobs — Resist vs. Results

    You decide.

  136. 1987 Condo says:

    Both Sept and Aug jobs figures revised up each 16k

  137. 1987 Condo says:

    Wage Growth up 3.1% YOY. best since 2009

  138. Libturd says:

    Gators first raise at her new job does not reflect the jobs report.

  139. The Great Pumpkin says:

    With this continued job growth, does anyone really still think real estate will have a major drop in pricing? This economy is setting up to be a monster next decade. Do not believe any of the experts that are calling for low growth in the coming decade. They are out of their minds.

  140. ExEssex says:

    8:47 that’s it…..hahahahhahahaha

    get ready for some checks and balances and a blow to the blowhard.

    Lies and scandals mean nothing to the GOP at this point as long as they can retain their precious power. Well, you had your chance and see what has been done……scant little.

    A blowhard that takes credit for shit he cannot control. And shit he should be able to control is beyond his grasp. He’s unfit for anything other than a cumslut in the back alley.

  141. ExEssex says:

    Stupid censorship site. getting old grim.

    Eddie, your POTUS is going to get some checks and balances this time.

    I’d rather see gridlock than the stupidity this dunce thinks passes for leadership.

  142. Bystander says:

    How bad, Lib?

  143. Libturd...look me up in Costa Rica says:

    Let’s just say, we ain’t keeping up with inflation.

    Costa Rica is looking better by the day. Seriously, why stick around these parts? You can get triple to four times your money’s worth in a tropical climate where really, the only two worries are petty theft and bad drivers.

  144. Joe says:

    I’m voting no on the bond issue.

    We already have enough debt and unfuunfundr liabilities without adding another 500 million. It was originally suppose to be one billion.

  145. chicagofinance says:

    How many times has this quote been posted on these threads?
    Ready?
    “You don’t get it do you?”

    The Great Pumpkin says:
    November 2, 2018 at 9:40 am
    With this continued job growth, does anyone really still think real estate will have a major drop in pricing? This economy is setting up to be a monster next decade. Do not believe any of the experts that are calling for low growth in the coming decade. They are out of their minds.

  146. The Original NJ ExPat says:

    Pumps first got interested in real estate as a kid when his brother started shoving Monopoly plastic houses and hotels up his ass.

  147. Bystander says:

    Lib,

    Surely its a misunderstanding. Show them the job report, GDP growth, inflation stats, and Dumpy’s tax cuts.

  148. Blue Ribbon Teacher says:

    Google walks out in protest, meanwhile, google sheets line of best fit doesn’t match the displayed slope.

  149. The Original NJ ExPat says:

    I used to have developers complain to me that their open source software wasn’t working right. I told them to get their money back.

  150. Comrade Nom Deplume, all out of candy says:

    I liked the old Essex better. He was only off meds part of the time.

  151. Comrade Nom Deplume, not as biting as ExPat but happier about baseball says:

    Post of the Day!!!!

    “The Original NJ ExPat says:
    November 2, 2018 at 12:57 pm
    Pumps first got interested in real estate as a kid when his brother started shoving Monopoly plastic houses and hotels up his ass.”

  152. Provocateur says:

    I heard the funniest quote yesterday on the radio from some shrieking Google woman’s advocate. It was something to the effect that “every woman who shows up to work every day is exceptional, and anyone who tells any woman that she is not exceptional, is a terrible oppressor” (not a direct quote, but she did say “every woman is exceptional” and that was the gist of her message.)
    This is the end game intersection of “everyone who is not a white male is oppressed” and “everyone deserves a trophy”. Every woman google employee is exceptional, with no exceptions? That’s delusional. What about a woman who fires a woman for doing a bad job? Or even better, a minority lesbo who pressures a lower level employee for a relationship. This woman’s head would explode.

  153. chicagofinance says:

    The beginning of the end of civilization…..
    https://www.youtube.com/watch?v=nrwbdXVZ5MI

  154. Provocateur says:

    I heard the funniest quote yesterday on the radio from some shrieking Google woman’s advocate. It was something to the effect that “every woman who shows up to work every day is exceptional, and anyone who tells any woman that she is not exceptional, is a terrible oppressor” (not a direct quote, but she did say “every woman is exceptional” and that was the gist of her message.)
    This is the end game intersection of “everyone who is not a white male is oppressed” and “everyone deserves a trophy”. Every woman google employee is exceptional, with no exceptions? That’s delusional. What about a woman who fires a woman for doing a bad job?

  155. Blue Ribbon Teacher says:

    Google’s word processor and spreadsheet software don’t even measure up to MS word/excel in 1993. They are the only company that can consistently churn out crap and be praised for it. IMO, they are weak and ripe for the taking. The bad news is, they’ve infiltrated all the schools with their crappy chromebooks.

  156. Libturd...look me up in Costa Rica says:

    BRT,

    You can say that again. I put everything in the cloud for the obvious reasons and there is hardly worse a product than Sheets if you’ve used Excel or even VisiCalc.

  157. Blue Ribbon Teacher says:

    I don’t mind excel but I’ve been using IGOR Pro since 2001. I bought it as an undergrad under a student license for $100. The program is by far the most superior program I’ve ever used for data analysis. It’s C engine and mathematical capabilities are unrivaled. I had to buy it for grad school to program in my own custom fit functions and run a deconvolution mathematical process. Using it, I was able to automate months of analysis into a few minutes of waiting.

    Today, it runs for approximately $1000.

    But yeah, I find it hard to believe that a company who pays every yahoo under the sun $500k to work there can’t hire a decent programmer to fix sheets and word processing. They are a disgrace to programming.

  158. The Great Pumpkin says:

    Deep down inside, you know that I’m on point. For whatever reason, I’m able to see the economy in ways most are not. There is no way I could have made my calls otherwise. You don’t just get lucky calling the job market, wage inflation, and housing market 6 years in advance. Almost impossible.

    chicagofinance says:
    November 2, 2018 at 12:25 pm
    How many times has this quote been posted on these threads?
    Ready?
    “You don’t get it do you?”

  159. The Original NJ ExPat says:

    Which point are your on? One from a green house or a red hotel?

    Deep down inside, you know that I’m on point.

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