NJ’s glimmer of hope

From the Star Ledger:

Wages up, unemployment down in N.J.’s largest counties as economic recovery continues

Wages in Mercer County rose by 7.1 percent last year, the largest increase in New Jersey and one of the biggest in the country, according to a report released Friday.

The U.S. Bureau of Labor Statistics released its numbers for the state’s 15 largest counties, defined as those with at least 75,000 workers on average. The report came out on the same day that the bureau said that 224,000 new jobs were created nationwide last month.

Wages increased in 14 of the 15 large counties, and employment rose in 12 of the 15, continuing an economic trend that began under President Barack Obama and kept going under his successor, President Trump. The 15 counties account for 91 percent of the state’s jobs.

The increase in wages in Mercer County in the fourth quarter of 2018 compared with the same period a year ago was the 13th biggest boost among the 349 largest counties nationwide.

The average percentage increase in employment in New Jersey in December 2018 compared with December 2017 was 0.8 percent and the average boost in wages was 2.7 percent. That trailed the national averages of 1.5 percent and 3.2 percent respectively.

This entry was posted in Demographics, Economics, Employment, New Jersey Real Estate. Bookmark the permalink.

72 Responses to NJ’s glimmer of hope

  1. Chi says:

    fR!sT

  2. Chi says:

    And throughout it all, Biden was angry. Whenever Cuomo pushed him, he repeatedly exclaimed, “Come on, man!” to the point he sounded like a sportscaster with Tourette’s syndrome. Biden was so visibly frustrated he even managed to create furrows in his heavily Botoxed brow so deep he could plant corn in there and collect ethanol subsidies on his next campaign stop in Iowa.

  3. Grim says:

    Democrats doing a great job killing off any candidate that could actually beat Trump.

  4. The Great Pumpkin says:

    I don’t agree with the premise of this article. He’s trying to blame regulation when in reality one area has no more land while the other areas are practically limitless at the moment. Where are you going to build a massive subdivision of pos low cost houses that will have to be torn down and rebuilt in 20/30 years in the high cost locations? Yet, keep blaming regulation like it has something to do with an acre going for 30 million in LA or a 200 million dollar penthouse in nyc. Enough with the bs! Keep your ideology out of your articles. Always quick to blame govt for the nature of markets.

    “Suburban Sticker Shock: Why Does the Same House in L.A. Cost Three Times as Much as Atlanta?”

    https://apple.news/AVwYtNYmcTpqrBHOoWtxfrg

  5. The Original NJ ExPat says:

    There’s nothing Pumpkin loves more than being unloved. If you had his dad you’d understand.
    Sung to the tune of A Boy Named Sue

    [Verse 1]
    My daddy left home when I was three
    And he didn’t leave much to ma and me
    Just this old guitar and an empty bottle of booze
    Now, I don’t blame him cause he run and hid
    But the meanest thing that he ever did
    Was before he left, he went and named me “Pumps.”

    [Verse 2]
    Well, he must o’ thought that is quite a joke
    And it got a lot of laughs from a’ lots of folk
    It seems I had to fight my whole life through.
    Some gal would giggle and I’d get red
    And some guy’d laugh and I’d give him head
    I tell ya, life ain’t easy for a boy named “Pumps.”

    [Verse 3]
    Well, I grew up quick and I grew up mean
    My wrist got limp and my IQ got lean
    I’d roam from street to street to hide my shame
    But I made a vow to the moon and stars
    That I’d search the ho houses and bars
    And handy that man who gave me that awful name

    [Verse 4]
    Well, it was Wits End bar in mid-July
    And I just hit Van Houten and my throat was dry
    I thought I’d stop and have myself a dump
    At that old saloon on a street of crud
    There at a table, pulling his pud
    Sat the dirty, mangy dog that named me “Pumps.”

    [Verse 5]
    Well, I knew that snake was my own sweet dad
    From a worn-out picture that my mother had
    And I knew that scar on his cheek and his evil eye
    He was big and bent and gray and old
    And I looked at him and my blood ran cold
    And I said: “My name is ‘Pumps!’ I have to dump!
    Now you’re going to watch!!”

    [Verse 6]
    Well, I hit him hard right between the eyes
    And he didn’t blink, to my surprise
    He come up with a knife and cut off a piece of my ear
    Well I busted my sphincter right down my slacks
    And liquid poop soaked into the floor cracks
    Kicking and a’ gouging in the poop and the blood and the beer

    [Verse 7]
    I tell you, I’ve been really scared
    My Nana was the only one who really cared
    He kicked like a mule and he bit like a crocodile
    I heard him laugh and then I heard him cuss
    He went for his pud and I pulled mine first
    He stood there lookin’ at me and I saw him smile

    [Verse 8]
    And he said: “Son, this world is rough
    And if a man’s gonna make it, he’s gotta be tough
    And I knew I wouldn’t be there to help ya along
    So I give ya that name and I said goodbye
    I knew you’d have to tighten your sphincter or die
    And it’s the name that made you smoke a bong

    [Verse 9]
    He said: “Now you just pooped one hell of a load
    And I know you hate me, but I have to hit the road
    So why don’t you do the right thing and pick up my tab?
    But ya ought to thank me, before I book
    For getting deported because I was a crook
    Because I’m the son-of-a-bitch that named you Pumps

    [Verse 10]
    I got all choked up and I let go my pud
    And I called him my pa, and he called me a dud
    And I came away with a different point of view
    And I think about him, now and then
    Every time I post, and lie, and pretend
    And if I ever have a son, I think I’m gonna name him
    Bill or George! Anything but Pumps! I still hate that name!

  6. grim says:

    It took me 4 months to get a building permit to add a bathroom to my NJ-based business, which the town now decided we needed. It took 3 revisions of the architect prints, which the architect indicated was pure idiocy. We will need to close for at least two weekends due to the delays expected in getting building inspections.

    The regulatory nonsense, delays, and lost business will cost 4x the actual cost of adding the bathroom.

    You don’t think this is an issue? Your argument about “work being done right” is moot here, since we are only permitted to operate based on variance. No other similar business is guaranteed any right to operate in the space that we exist in. So in reality, if we leave, it gets gutted anyway (which is commonplace for commercial anyway).

    Keep in mind that we paid rent on our building for nearly a year waiting for local and state regulatory approvals. We paid out somewhere near $30k in rent on an empty space waiting for the state to give us the OK. Keep in mind, they would not even review our applications without a lease agreement. So it’s not a matter of due diligence on our part.

  7. JG says:

    Please post this article: “NJ Still #1 In Foreclosures” https://nj1015.com/nj-is-still-no-1-in-foreclosures/

    I know it’s a few days old but it’s still worthwhile local news.

    Thanks

  8. The Original NJ ExPat says:

    grim – It’s no different than any other form of organized crime. Just survey the landscape for where money is changing hands and go get a perpetual piece of it.

  9. The Great Pumpkin says:

    Don’t blame govt for this, blame the idiots that can’t control themselves and need to be regulated. Of course, everyone else gets f’ed in the a$$ because of their actions and thoughtless decisions, but it is what it is.

    Example: drinking and driving. Enough idiots had to go drink, drive, and kill someone that they ended up creating strict regulation. So now regular joe who only had 2 beers ends up getting charged with severe penalties that pretty much destroy their life (maybe even lose their job). All because losers had to go kill someone’s kid because they were WASTED behind the wheel. So now everyone pays the price for their actions even if you only have two beers which is bs.

    So now understand some aholes are behind all these regulations. They had to cut corners, make terrible choices, and force the rest of us to be over regulated. Regulation is really for the few, whose actions are so destructive, everyone must give up their freedom for the greater good. Sad, but it is what it is.

    “The regulatory nonsense, delays, and lost business will cost 4x the actual cost of adding the bathroom.”

  10. The Great Pumpkin says:

    How about pain medication. Losers had to go and abuse it. Who pays the price? Everyone else. Now, it’s almost impossible to get pain medication unless you are dying and god knows the cost thrown on everyone else in society for their abuse.

    I learned this quick when I was young. I noticed when I was with all good kids, rules were relaxed. The minute a bad apple comes, all sorts of rules are being implemented due to this individual. It doesn’t change when you get older..

  11. 3b says:

    I love poor people I just don’t want them in my town. That is the essence of a so called liberal.

  12. Mächïne says:

    New Jersey needs libruls like your old lady needs a fat dick. In a bodega doorway.

  13. leftwing says:

    “So now understand some aholes are behind all these regulations. They had to cut corners, make terrible choices, and force the rest of us to be over regulated. Regulation is really for the few, whose actions are so destructive, everyone must give up their freedom for the greater good. Sad, but it is what it is.”

    He is truly the stupidest fcuk out there. I feel I’ve said so at least a dozen or so times. If I could work the search option here I would put together a compilation of the idiot’s greatest hits.

    I mean, truthfully, how does he function in everyday society.

    Related, ExPat at 9:02a…I’m not sure whether to be awed or extremely frightened.

    Wasn’t this horse’s arse voluntarily leaving?

  14. The Original NJ ExPat says:

    🚏🎃( ͡° ͜ʖ ͡°)🎃
    ______________________________________________________
    🚌🛵🚗🚙🚓Colfax RdHighway🚓🚑🚒 🚚🚌🛵🚗🚙🚓🚚🚌🛵🚗🚙🚓
    ______________________________________________________
    🏓👲🏓👲🏓👲🏓👲🏓👲🏓👲🏓👲🏓👲GED Night School🏫

    Too muchee traffickee to get to ping pong! White boy acrossy the streety posty all day rong!

  15. The Original NJ ExPat says:

    He voluntarily leaves for a couple hours every year. I think his record is about 16 hours.

    Wasn’t this horse’s arse voluntarily leaving?

  16. The Original NJ ExPat says:

    I do feel sorry for Nimfy, though. First, he doesn’t know anybody in person outside of Clifton. Second, when he pretends to know something with them they just bust his balls for dropping out of high school to work at the post office.

  17. Fast Eddie says:

    Mercer County is up 7.1%. No other county comes close. I’m shocked nobody has mentioned the theft of your tax dollars by the thieves in Trenton. Democrats have no plan other than to pay cronies and lie for votes.

  18. The Great Pumpkin says:

    What is the justification for regulation?

    “He is truly the stupidest fcuk out there. I feel I’ve said so at least a dozen or so times. If I could work the search option here I would put together a compilation of the idiot’s greatest hits.”

  19. The Great Pumpkin says:

    I’m posting on a blog. Who really cares about the personal life of an individual. If they are a loser, they are a loser…who cares.

    The Original NJ ExPat says:
    July 6, 2019 at 1:28 pm
    I do feel sorry for Nimfy, though. First, he doesn’t know anybody in person outside of Clifton. Second, when he pretends to know something with them they just bust his balls for dropping out of high school to work at the post office.

  20. The Great Pumpkin says:

    Expat,

    Contribute some good substance. Something of value. You haven’t in a while..

  21. 3b says:

    Loving those phony liberals!!

  22. Mike S says:

    What’s with all the rob sells nj billboards

  23. The Great Pumpkin says:
  24. The Original NJ ExPat says:

    ^^^Sad, uneducated, too late to get out of bad RE investments, and pushing 40 years old. Time to put Pumps on suicide watch.

  25. 1987 Condo says:

    RE: Rob sells—-Just saw Barbara Corcoran TV commercial endorsing Rob!

  26. Say it isn’t so says:

    Park that got a $3M facelift is looking shabby now, and residents aren’t happy

    https://www.nj.com/essex/2019/07/park-that-got-a-3m-facelift-is-looking-shabby-now-and-residents-arent-happy.html

  27. Blue Ribbon Teacher says:

    Don’t blame govt for this, blame the idiots that can’t control themselves and need to be regulated.

    Yes, blame the people that came before you that improperly installed bathrooms.

  28. Bruiser says:

    My post gets sent to moderation purgatory, but a “beloved” troll slips through 100 times per day.

  29. Sunday Pumpkinate says:

    This is a surveillance video of pumpkin’s greatest moment of luck. He stumbled upon something and gets paid off with a job.

    https://youtu.be/O8qoP7Xdgkw

  30. Firestormik says:

    Grim,
    4 months for a permit in NJ is not that bad 😊 My neighbor is trying to get a permit to replace a retaining wall for almost 2 years now. He cannot open his pool without it.

  31. Blue Ribbon Teacher says:

    4 months for a permit in NJ is not that bad 😊 My neighbor is trying to get a permit to replace a retaining wall for almost 2 years now. He cannot open his pool without it.

    Even their shakedown process is slow and inefficient. My town is ok, they’ll give you the permit the next day. They just want the obscene fee they charge.

  32. Bruiser says:

    I *love* the permitting and inspection process as a homeowner. Listening to these inspectors is like listening to preachers lecturing about fire & brimstone, and pointing to The New Code every time I want to replace somethingold with the same size somethingnew. I had an AC unit replaced that still hasn’t passed electrical inspections. Mechanical? No problemo, passed first time. The electrical guy keeps finding more & more things he “doesn’t like” but “cannot tell you what I need to see, your electrician should know The New Code”. I’m starting to think “The New Code” is code for a Benjamin Franklin or two. Last time he failed me because the air handler, condensate pump, and air cleaner are all plugged in to the same gang box. He says, “What if your wife or someone unplugs one of these plugs because they need to plug in the vacuum cleaner and they forget to plug it back in?”. Ummm, is that in the codebook, champ? And take a look around…who vacuums a concrete slab?

    Red tag on top of red tag. See you in 3 months, Walter.

  33. Mächïne says:

    If you shave your nads it’ll make your junk look bigger.

  34. Chris says:

    https://apnews.com/a72324dbcdd0404690bc16168d6a70eb
    Progressive Capitalism. Capitalism that works for everyone not just for the rich.

  35. Blue Ribbon Teacher says:

    https://apnews.com/a72324dbcdd0404690bc16168d6a70eb
    Progressive Capitalism. Capitalism that works for everyone not just for the rich.

    Joseph Stiglitz eh? The same guy who said there was no danger of default from Greece. The same guy that was touting the “growth” and reduction of inequality in Argentina. If you want capitalism to work for everyone in this country, you have to raise the economic borders to stop foreign countries from undercutting us on prices. It’s that simple.

  36. xolepa says:

    2 years for a permit? Something sneaking going on.

    Call the DCA. And bitch loud. They sometimes do help

  37. The Great Pumpkin says:

    Lib, pay attention to number 3…

    2) Stay exposed to risk assets. Stocks, bonds, and real estate are your friends in a declining interest rate environment. Lower interest rates make owning other assets with higher interest rates or potentially higher returns more attractive. Interest rates are likely to stay low for longer.

    I can’t tell you how much risk exposure you should have since everybody’s risk-tolerance and financial situation is different. All I can say is that you need to quantify your risk tolerance and then invest accordingly.

    The most logical risk asset for me to invest in is real estate because lower mortgage rates bring in more real estate demand. We’ve already had a significant slowdown in many real estate markets in 2H2018. Without a correction 2H2018 I’d be more cautious.

    With mortgage rates roughly 1% lower than in 2018 coupled with a retreat in real estate prices, it is my belief that real estate will rebound or at least stay steady in the coming years. The Fed has telegraphed it is willing to be accommodative (cut rates) to fend off a recession if necessary.

    3) Ask for a raise or change jobs.

    We’re currently at a 3.6% national unemployment rate in America. That’s close to full employment. Now is the time to ask for a raise or hunt for the “perfect job” if you are not satisfied with your existing one.

    The general rule of thumb is that you can get at least 20% more if you put yourself on the open market tomorrow. Depending on performance and industry, after about three years on the job in a hot labor market, you could conceivably get 50% or more.

    Loyal employees tend to lose out the most. Don’t be like me. I stayed at my old employer for 11 years and probably gave up more than $1 million in earnings as a result. The main positive about loyalty is that it increases your chances for negotiating a juicy severance if you ever want to move on.

    https://www.financialsamurai.com/the-bull-market-checklist-to-living-your-best-life/

  38. The Great Pumpkin says:

    Beat the second best performing 401k option available over the past 3 years by almost 5%. I hit almost 19% return over the past 3 years to hit the best option available to myself. God that feels good..

  39. The Great Pumpkin says:

    Real Estate As A Hedge Against Bad Things

    1) Your kid slacked off in school. Let’s say your kid did poorly in school because he was not pushed to study. As a result, he’s unable to get a job that pays enough for him to live on his own. You wish you had been more present in your kid’s life growing up, but you had a demanding job or simply wanted to slack off yourself. Having real estate saves your son from living on the streets.

    2) Your kid is simply not very intelligent. The law of averages dictates that most of us will have average intelligence. But some of us, through no fault of our own, will simply have below average intelligence. If you combine below average intelligence with poor judgement, you might get into some serious trouble.

    For example, growing up I consistently demonstrated poor judgement by hanging out with the wrong crowd. We smoked, drank, shoplifted, drove without driver’s licenses, fought, you name it, we did it. As a result, we got into trouble at school and with the law. Luckily I had already gotten into a decent university before I got into more serious trouble. I decided to do my best in college and was given a second chance by a woman named Kim Purkiss whom I will never forget. Thank you Kim!

    I could have easily ended up living at home with my parents, working minimum wage jobs for the rest of my life if it wasn’t for my lucky breaks. As you can tell from my writing, I have very average intelligence. And I already shared with y’all that my SAT score was mediocre in a previous post.

    3) Your loved one has a disability that makes life more difficult. We have a neighbor who has a daughter with severe cerebral palsy. She is confined to a wheelchair and needs care 24/7. Bless her and her parents.

    While they do not live in the house next door full-time, their 29 year-old-son who cannot find a full-time job does. They come to visit three times a week to water their plants and clean the house. They live about an hour away in a larger house that’s all on one floor in order to be wheelchair friendly.

    I pray that none of us ever gets into a debilitating accident. But if we do, hopefully, we’ll have a stable home to come home to.

    4) You need a break from your marriage. Some marriages might benefit from an extended break instead of a complete break. Sometimes a one or two week vacation from each other is insufficient time apart to prevent a divorce.

    If you had only own one property, you’ll likely see each other daily. As a result, bitterness might fester and grow. However, if you owned another property close by, you could temporarily live there until you stopped getting on each other’s nerves.

    I know one couple who ended up living apart for six months to heal their marriage. Although the couple forwent about $25,000 in rental income, they saved at least $30,000 in lawyer fees, not to mention the breakup of marital assets.

    5) You get a divorce. If you can get a piece of property in a divorce, you’ll be OK. But for some couples, only one may get the house because there might only be one house in the portfolio. The person who doesn’t get the house may have a much more difficult time surviving.

    One person I know has had to move three times in the past five years because her ex-husband got the property. Sure, she got some investment assets, but it was not enough to cover all her living expenses without a serious drawdown.

    Their son, at one time, used to be able to commute just three blocks between his parents’ respective apartments. Now, he needs to spend an hour to get to his mother’s place because she’s had to move to a cheaper location. After not working a full-time job for 13 years, she has had difficulty covering her basic living expenses with freelance work.

    6) You get fired from your job. If you lose your job, you are on thin ice if you ever need a new place to live. Forget about buying a place when you don’t have W2 income and need a job. You are dead to banks. Refinance before leaving your job please.

    Few landlords will rent to an unemployed person. But if you own your home, so long as you are paying your mortgage, if you have one, you’ll be fine. Even if you stop paying your mortgage, you probably have at least a year before the sheriff comes knocking.

    7) You lose a parent. Couples rarely die at the same time. When one parent dies, the surviving parent is often in a precarious situation because of caregiver needs. Therefore, to provide care, you may want to have your parent move in with you.

    If you don’t own property, then you may lack the flexibility of adding a new occupant on the lease. You may also be restricted in the types of things you can install in the property to make the property more handicap friendly.

    8) You have a friend in need. You may have a friend who just went through a bitter divorce, lost her job, or experienced some other difficulty on this list. If you have an extra property, you can lend it to her rent-free until she gets back on her feet.

    Sure, letting her to sleep on your couch is another possibility if you don’t have a spare property. However, your friend might also have children or a partner who would want some privacy. Likewise for you yourself I’m sure. Rental leases often don’t allow an extra guest for an extended period of time.

    9) You or your child becomes depressed at work. Sooner or later, we all lose interest in our jobs. But most of us have to gut it out due to a lack of alternative income streams. Quitting your job to become a travel blogger or an artist is probably not going to pay the bills for the first several years, if ever.

    However, if you owned a portfolio of rental properties, you might easily hire your melancholy son or daughter to manage them for you. What a gift to be able to throw them a lifeline. By giving them an important responsibility that you may no longer want, you could create a win-win situation – a sense of pride for your child, more leisure time for yourself.

    Heck, even you might get depressed at work too. If you had a large enough rental property portfolio which could pay for all your living expenses, you could decide to retire early, become a part-time property manager, and do something you’ve always wanted to do.

    10) Rents shoot through the roof. Renting is great for the flexibility it provides. But if you end up living in an area for more than five years, renting is usually a losing proposition due to inflation. Owning real estate is not only a hedge against rents shooting higher, but a concentrated bet on rents shooting higher for greater wealth.

    Recently, I was talking to the owner of a sandwich shop which I have been patronizing since 2001. He told me his biggest regret was not buying his building back then. If he had, at age 68 he wouldn’t still be making $10 meatball sandwiches.

    https://www.financialsamurai.com/real-estate-is-a-hedge-against-many-bad-things-in-life/

  40. The Great Pumpkin says:

    “By owning at least one piece of real estate, we’re able to ride the ebb and flow of the real estate market. But more importantly, our piece of real estate can provide shelter from so many of life’s unpredictable storms.

    As long as every one of us has a place to live, surviving is much easier. Relatively speaking, food and clothing are inexpensive. Once we have our basic needs met, only then can we go on to do great things.

    Of course, all the benefits of owning real estate are predicated on being able to actually afford the asset over the long term. If one is too stretched, then owning real estate can also be a tremendous burden.

    As I grow older, I no longer see owning physical real estate as a potential moneymaker, but rather more as a life facilitator. For potential profits, I’d much rather invest in alternative real estate assets that have no hassle. I suspect you’ll feel the same way as you age.

    If in 25 years my physical real estate portfolio appreciates in value, then great. But in the meantime, I’m going to try and use my properties to provide the best life possible for my family.”

  41. The Great Pumpkin says:

    “Even though markets (both RE and stock) are up, I am still ‘long’ on RE as the best investment option to deliver financial independence…

    If one compares actively managed RE to the primary alternative of stock investments, there are a lot of positives and only one real negative…
    Positives:
    1) Tends to appreciate at GDP+ in most areas of the US (area like Phoenix, etc. have averaged ~6-8% over long term)
    2) Generates income at roughly 2-4X a typical dividend stock (cash-on-cash return)
    2) Able to safely leverage your money, so the above income on a relatively low (>70%) LTV can generate ~30-50% annual return
    3) Its a hard asset which won’t go to zero/bankrupt like a stock could
    4) There are unique advantageous tax benefits in terms of servicing cost write-offs and depreciation.

    When you look at total return of RE vs. stock market (leveraged appreciation, yearly cash income, tax advantages, and free debt payments from the renter), then RE beats the stock market hands down.

    For example, If one buys $1mil in rental assets for $250K, and makes net 7% CAP and 5% long term appreciation, then in ~30 years, your $250K investment has turned into more than $5mil+ in profit (total cash payments + debt free asset value). That doesn’t include the tax benefits and other ‘ticks’ you can apply to rental activities.

    The only real negative is the ‘active management’ part – and that is a real negative which slowly wears on you over the years. None the less we have done extremely well with long term rentals.

    Coming back to 20-30yo children living with their families… one thing we have done is simply bought our son a condo near where he is going to college. It was less expensive than simply paying for dorm room fees and we get the appreciation over the 4-5 years he is in college. Upon graduation, we will then let him purchase the condo at the value we originally bought it for, or he can move out and we can continue to keep it as a rental. It is not a complete hand-out and for ‘college graduate’ son, it potentially gives him an immediate equity boost to start off is career and we can also give him an advantageous mortgage rate if we happen to own it free and clear (which we do). If he takes a job out of state, he can also sell it for a profit and use the proceeds for a down payment on a new house, or, we can simply take it back and keep renting it. Again, not purely a hand-out to him but a nice first step forward for him (we could theoretical just give it to him if you want to do the purely hand-out thing…)

    Lastly, comparing actively managed real estate to alternative RE partnership investments Sam has talked about, I still see direct ownership as the best option (assuming the negative of “active” management). Investing in alternative RE options, almost always require one giving up any/all control on investment decisions, how to apply cash flows, how much leverage to carry, etc. and there is always extra overhead costs for someone else doing all the work. In general, a lot of risks which you don’t control and a diminished return from what you could do yourself. I get the trade-off of taking slightly less return for a hands off approach of participating in RE but the uncertainty of controlling the additional risks, has kept me from taking that step. Maybe some day (BTW, I am looking at Caliberco.com options for this)”

  42. The Great Pumpkin says:

    Last quote has been my experience. That’s why I can’t agree with people like chi that worship the stock market. I made way more money on my real estate investment than I could have with stocks. No way around it. Is this the norm? I don’t know, but based on personal experience, real estate can be very rewarding if you are willing to take on an active role.

  43. The Great Pumpkin says:

    It’s just the combination of low interest rates, leverage, and taking an active role in your investments outcome. Great way to start your portfolio in your twenties as opposed to the stock market. Like the financial Samurai author alluded to, in your twenties get your hands dirty, but as you age, you want to take on a more passive role.

    I wouldn’t change anything if I could go back and change my investments. Even nhmd was a valuable lesson.

  44. The Great Pumpkin says:

    Laugh at pancake in a can. One of the most valued educations on the stock market in my lifetime. Really taught me how the stock market works from market psychology to the nuisances of volume and its role in the market.

    No college course could have taught me that. Had to learn from hands on training..

  45. The Great Pumpkin says:

    If I took my 40,000 and put it in the stock market back in 1999 instead of a rental, I’m dead. Start over from scratch. Instead I got lucky, I bought the investment that wasn’t in vogue, the one no one wanted…small business landlord. It’s like the Emerson poem….”I took the road less traveled, and this made all the difference.”

    “When you look at total return of RE vs. stock market (leveraged appreciation, yearly cash income, tax advantages, and free debt payments from the renter), then RE beats the stock market hands down.

    For example, If one buys $1mil in rental assets for $250K, and makes net 7% CAP and 5% long term appreciation, then in ~30 years, your $250K investment has turned into more than $5mil+ in profit (total cash payments + debt free asset value). That doesn’t include the tax benefits and other ‘ticks’ you can apply to rental activities.”

  46. The Great Pumpkin says:

    It now produces more revenue on a yearly basis than the initial capital investment of 40,000. Hit the lottery on this investment. That doesn’t even include appreciation. Right time, right place…remember, no one wanted this investment at the time of purchase. Stocks were the rage…

  47. Monday PumpkinVax says:

    This is the answer to Pumpkin’s regurgitation today.

    https://youtu.be/xbg89GcsUmc

  48. Blue Ribbon Teacher says:

    lol, he spent an hour from 11 pm to midnight typing this garbage up on a Sunday night? He must have summers off.

  49. The Original NJ ExPat says:

    Poor Pumpy. No Education, Dad, friends. To add insult and injury, his wife just upped the diameter of her strap-on.

  50. 3b says:

    That Kevin O Leary guy from Shark Tank says people need to have all of their debts paid off by 45! Including mortgages, student loans, and, credit cards! He understands it’s tough but has to be done! Too funny!!

  51. Juice Box says:

    Power of tweeting from AOC. ( and why money needs to be kept out of politics).

    “Alexandria Ocasio-Cortez: I find it strange when members act as though social media isn’t important. They set millions of 💵 on 🔥 to run TV ads so people can see their message. I haven’t dialed for dollars *once* this year, & have more time to do my actual job. . Yet we’d rather campaign like it’s 2008.”

    Dialing for dollars was almost a daily task at the DNC headquarters, mostly focused on big donors, their goal was usually 18,000 dollars a day. Supposedly Pelosi was the best ever at it.

    Here is the 2016 story on Dialing for Dollats from CBS.

    https://www.cbsnews.com/news/60-minutes-are-members-of-congress-becoming-telemarketers/

    (BTW Trump is projected to raise 2 Billion this election cycle)

  52. Libturd, seen crazy things done with ping pong balls. says:

    I’m back from a very profitable vacation to Reno, Tahoe and San Francisco. Sadly, not even hipsters can afford to live in SFO anymore. Lots of tourists though. And more homeless than homeowners.

  53. Monday JuiceBox says:

    Juicer,

    That “dialing for dollars” system and infrastructure and favors, pay to play it begets is what the Clintons institutionaized in the party infrastructure. There are a lot of people feeding of those dollars. Republicans had an alike machine until Trump blew it apart.

    The Dems in-fighting red line is about that infrastructure. One one-side the locust boomer sell-outs that are running the show (during 2016 it was Jeb and other machine experts on the GOP). On the other side AOC and social media ( in 2016 it was Trump).

    I would argue the fight is between a gigantic layer of rentiers/middlemen/power brokers on both parties trying to hold on to their very profitable world (Jeb Bush, Karl Rove, Pelosi, Schumer) vs. the new social media generation (Trump, AOC).

    There are many more similarities between AOC and Trump than with Pelosi and Jeb Bush,

  54. No One says:

    Libturd,
    I’m glad to hear you had both fun and profit on your trip. The homeless on the West coast remind me of zombified walking dead. Such a waste. Do the government checks just go straight to controlled substances?

  55. leftwing says:

    “There are many more similarities between AOC and Trump than with Pelosi and Jeb Bush”

    Agree. Had a conversation here a while back, Lib maybe, about Sanders being another run of the mill politician in warrior’s clothes regarding his student debt giveaway to buy his weakness, younger voters…

    Seems he’s been part of the infrastructure all along. Or at least the Times thinks being so will help whichever candidate they are angling for…..

    https://www.nytimes.com/2019/07/06/us/politics/bernie-sanders-senate.html

  56. Libturd, seen crazy things done with ping pong balls. says:

    Remember. The Dems need to attack Bernie, regardless of his positions. I really think he’s as close to the real deal as you will ever find. Sadly, the press has the backing of both parties.

    Doesn’t matter if Kamala or Warren is anointed front runner as Trump should easily beat either of them.

  57. The Original NJ ExPat says:

    I think Trump should promise that US scientists will cure cancer during his second term just to see how the Dems spin a pro-cancer message.

  58. The Original NJ ExPat says:

    Cancer is a manufactured crisis?

  59. Juice Box says:

    Remember Joe had 50 years in Congress and VP already to put together a cohesive, comprehensive and timely approach to cancer prevention, detection, diagnosis, research, and care.

    https://bidencancer.org/about-us/

    (Create date of domain 2017-04-10)

  60. The Original NJ ExPat says:

    Epstein takes down Clintons* takes down 2020 Democrats.

    https://tomluongo.me/2019/07/08/epstein-arrest-peak-swamp/

    *https://www.foxnews.com/us/flight-logs-show-bill-clinton-flew-on-sex-offenders-jet-much-more-than-previously-known

  61. Juice Box says:

    Expat – The question is when will the roundups of the rich and famous will begin? He is bound to flip for the right deal if he lives long enough to squeal.

    Pelosi’s daughter tweeted something about “our faves are implicated” she seems to know some rumors as well.

    This scum has been known about for decades, but nothing was done until now, he got barely a slap last time on his deal for state charges in Florida. Sure the Miami Herald made news of it recently but this has been going on for a long long time.

  62. Stuart Weissman says:

    My issue with Biden, besides the lies, is that he spent his life in office and somehow has less saved than I do. Come on now! How are you fit to run the country if you don’t know the first thing about personal finance?

  63. Libturd, seen crazy things done with ping pong balls. says:

    He also starts every sentence with, “Now look.” I couldn’t take that for four years.

  64. Leftwing says:

    Apartment rental demand soars as more millennials believe it’s cheaper than owning a home – https://www.cnbc.com/2019/07/08/rental-demand-soars-as-more-millennials-say-its-cheaper-than-owning-home.html

  65. Mächïne says:

    5:53 shut up ya f’in Jew.

  66. The Great Pumpkin says:

    Remember, you heard roaring 20’s 2.0 here first.

    “Pelosi was right to complain about the current trade uncertainty, for which Trump is mostly to blame, but the real marvel is that the economy keeps thriving in spite of this. One can only imagine how much better things will get if that uncertainty is resolved and how much more at a loss Democrats will be to explain the coming boom times.”

    https://www.washingtonexaminer.com/opinion/editorials/jobs-growth-and-higher-wages-leave-democratic-contenders-searching-for-excuses

  67. The Original NJ ExPat says:

    I wonder if Pumpy’s wife makes him call her Mr. Kielbasa when he’s holding his ankles.

    “Move over Swanson, I’m driving!”

  68. The Great Pumpkin says:

    Pricks..

    “Trump Rule Requiring Drug Prices in TV Ads Blocked
    Federal judge sides with companies, saying regulation would violate free speech”

    https://apple.news/AoPH4xFHmRuOHsGf6vfkNSA

  69. Machine says:

    FOck You Pay Me. Bitches.

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