Will they buy?

From HousingWire:

The homebuyers are coming. The homebuyers are coming

A flood of first-time homebuyers is about to hit the market over the next three years, according to newly released analysis from TransUnion

TransUnion is currently projecting that at least 8.3 million first-time homebuyers will enter the mortgage market between 2020 and 2022. 

That figure is more than any three-year period in the last decade, according to TransUnion’s report. 

On top of that, if economic growth exceeds expectations, the number of looming first-time homebuyers in the next three years could reach as high as 9.2 million. 

“While we’ve recently seen a boom in refi activity, actual homeownership rates are down. Challenges have included high home prices, sluggish wage growth and limited housing inventory,” said Joe Mellman, senior vice president and mortgage business leader at TransUnion. 

“But we may be starting to see daylight as slowing home price appreciation, low unemployment, increased wage growth and low interest rates are helping affordability,” Mellman added. “As a result, we are optimistic that first-time homebuyers will contribute more to home ownership than at any time since the start of the Great Recession.”

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

83 Responses to Will they buy?

  1. The Great Pumpkin says:

    I know you guys get annoyed with this, but I called this how many years ago? They are just getting it now..

    History doesn’t lie. The people always made out to be the village idiots are usually some of the smartest people in the room. General populace can’t except their “radical”or “crazy” thoughts… As observed right here on this blog. Village idiot.. pumps was talking crazy about the future economy and still is. Everyday the evidence becomes clearer and you guys are starting to realize a dumb pumpkin called the greatest economy of our lifetime almost 10 years out. Took a ton of heat for the calls, to the point I started to question myself, but never backed down. Just was too clear to me..

    “A flood of first-time homebuyers is about to hit the market over the next three years, according to newly released analysis from TransUnion.”

  2. The Great Pumpkin says:

    And I’m not afraid to put money in index funds that track the overall market. If buffet thinks we see a Dow 100k in this century, who are we to argue? Easy, brainless, but the most efficient gamble out there right now for investment…betting on the long term American economy.

  3. No One says:

    First!

  4. ExEssex says:

    See? No one cares.

  5. Libturd says:

    Ha ha!

    Chi. Will reach out to your writer at APP after my meeting with HR tomorrow. Thanks for the tip. I think I just screwed over due to a BCBS mistake to the tune of maybe a lower end Mercedes.

  6. Sunday says:

    Home ownership info

    https://upfina.com/biggest-improvement-in-homeownership-rate-since-1998/

    Chi, read that between Vanguard and Blackrock, they have approx 2/3 of S&P 500 ETF money. If markets drop big > 10%, how do these funds liquidate fast enough for redemptions? MM provide an orderly market under this scenario, not likely. ETF don’t have their own MM, correct they rely on individual MM for stocks in index, Yes?

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  8. ExEssex says:

    WSJ -U.S. homeowners are staying in their residences much longer than before, keeping a glut of housing inventory off the market, which helps explain why home sales have been sputtering.

    Homeowners nationwide are remaining in their homes typically 13 years, five years longer than they did in 2010, according to a new analysis by real-estate brokerage Redfin. When owners don’t trade up to a larger home for a growing family or downsize when children leave, it plugs up the market for buyers coming behind them.

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

    Sunday,

    Not sure how you pay for any of Pete’s pie in the sky ideas, because his math doesn’t sound right. Ultimately, I think he’s the smartest person in the room. Though, I doubt he gets elected for quite a while if ever.

    His Medicare For All (who want it), doesn’t really work because there is no way you can make a cheap opt-in plan when only the unhealthy opt-in. The only way it works is to mix the healthy with the costly. To say otherwise is to lie. And if he takes PAC money, then he’s lying about what he would do.

  10. Blue Ribbon Teacher says:

    It was 31 degrees this morning. I’m surprised we didn’t bring the roads

  11. Monday WakyCoffee says:

    The savings of a true Medicare For All will not be realize until years after it starts, until a lot of issues that are now considered and treated as something else are rolled over to where they properly belong as “healthcare”. A small list below. A true list requires imagination only possible when you have a true compassionate system (is not going to happen until the boomers are gone from leadership).

    -Drug abuse, Homelessness – caused by acute or chronic mental illness.
    -Survivors of Major illnessess and accidents Here is no different than what the VA tries to do for damaged veterans.

    A toddler that survive brain cancer will need an encompassing lifelong approach that is not possible right now with the patch work of care and within the present local school board educational system. Think healthcare based life approach, think the kid requiring education and training till 18, think the creation of legal conservator/guardians to accommodate life long learning and care at home with parents (if still able as they age) or in an institutional care. Think the parent able to leave an estate for the kid without “Medicaid” taking it away.

    So what the benefits of a true M4A means, is not yet palpable to 85% of the population because they can’t fanthom it. The imagination is not yet open.

    Reminds me of this scene from Star Trek 2009 https://youtu.be/KvMxLpce3Xw
    Think of an orphanage, a long term care facility, with AI tech. Each kid/person being handled totally different to fulfill his/hers maximum performance and joy.

  12. Juice Box says:

    re: 31 degrees. I spent yesterday afternoon taking down my extensive Halloween decorations and blowing out my sprinklers. I was outside last night for a bit it was dead quiet as all the bugs have gone into hibernation too. I have a feeling we are going to have a long long winter.

  13. Libturd says:

    Chance of a dusting on Friday.

  14. Libturd says:

    Monday,

    Agree with you about the imagination thing. But as people age, they still tend to turn conservative. You know. They got theirs, so I’m getting mine. For example, I agree with much of the progressive agenda, but their priorities are all screwed up. You see the same mistake being made by Murphy. In about a year, he’ll be out of office with all of his accomplishments based on quality of life or identity issues. The budget is worse than ever, the pension, bleeding just as much as with Christie and the infrastructure nearly collapsing. On the bright side, you now get to pay your babysitter for sick days. Sure, immigrant protection, parental leave and unisex bathrooms are all things I support. But they are super low on the totem pole. Maybe when I was 25, I might have felt differently about it. Heck, if I was in college today, I’d probably be protesting climate change. But as one ages, one tends to realize that it’s still the economy that matters most. And this is what has been largely ignored by the Dems.

  15. joyce says:

    Albuquerque. See I can do it too. Snorkel.

    Monday WakyCoffee says:
    November 4, 2019 at 8:59 am
    The savings of a true Medicare For All will not be realize until years after it starts, until a lot of issues that are now considered and treated as something else are rolled over to where they properly belong as “healthcare”. A small list below. A true list requires imagination only possible when you have a true compassionate system (is not going to happen until the boomers are gone from leadership).

    -Drug abuse, Homelessness – caused by acute or chronic mental illness.
    -Survivors of Major illnessess and accidents Here is no different than what the VA tries to do for damaged veterans.

    A toddler that survive brain cancer will need an encompassing lifelong approach that is not possible right now with the patch work of care and within the present local school board educational system. Think healthcare based life approach, think the kid requiring education and training till 18, think the creation of legal conservator/guardians to accommodate life long learning and care at home with parents (if still able as they age) or in an institutional care. Think the parent able to leave an estate for the kid without “Medicaid” taking it away.

    So what the benefits of a true M4A means, is not yet palpable to 85% of the population because they can’t fanthom it. The imagination is not yet open.

    Reminds me of this scene from Star Trek 2009 https://youtu.be/KvMxLpce3Xw
    Think of an orphanage, a long term care facility, with AI tech. Each kid/person being handled totally different to fulfill his/hers maximum performance and joy.

  16. Juice Box says:

    re: “The imagination is not yet open.”

    I am really good at imaginary accounting.

    Quote from Elizabeth Warren.

  17. Libturd says:

    Fake news of the day

    “At the end of any economic cycle, we often get warnings that appear to be unrelated,” he writes in a note. “It’s in hindsight that we realize that they were not at all random.” We saw this during the housing bubble, he added, and we’re seeing it now.

    Among the recent troubles he thinks are connected are repo market woes, negative-yielding debt, global trade conflicts and collapsing manufacturing. And every cycle ends with excess.

    https://www.marketwatch.com/story/the-mother-of-all-bubbles-could-blow-up-the-economy-if-profits-dont-improve-warns-blackstone-strategist-2019-11-04?siteid=yhoof2&yptr=yahoo

  18. Juice Box says:

    Lot’s of Black Swan talk on squawk this AM. Liesman made it seem like the people who are watching the debt are worried.

    They should be we aren’t cutting back spending in good times.

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

    Heck, the times are so good, Trump wants the FED to lower the rates further. I think we are really turning Japanese. I really think so.

    https://www.youtube.com/watch?v=IWWwM2wwMww

  20. Juice Box says:

    Yup Japan’s central bank buys Japanese stocks, I wonder when we will need to start doing that here.

  21. 3b says:

    Lib I have not seen you this gloomy in a long time.

  22. Juice Box says:

    365 days and counting. We are officially one year away from Election Day 2020.

  23. 3b says:

    And Trump will probably win if he is not removed from office than its chaos!

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

    3b,

    Maybe it’s confirmation bias or just a whole bunch of bad mojo lately. Or even both. But I’m just not feeling this economy. In other news, the PATH went up another 40 cents a day for commuters. Now $100 a month to cross the river in a cattle car.

  25. The Greater Pumpkin says:

    I’m so proud of myself. Now that the stock market is making new highs, my call to buy New Jersey real estate is bound to pay off 20 years from now.

  26. Libturd says:

    Trump, in a second term, scares the real crapola out of me. His ego would reach Mussolini proportions.

  27. 3b says:

    Lib I understand. It’s a strange world we are living in at the moment. Can’t believe how much we have declined as a nation. They are all bad!

  28. 3b says:

    Trump will do whatever he wants in a second term.

  29. D-FENS says:

    I’m optimistic. Try it.

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  31. ExEssex says:

    Run up a debt & let em sue you for it.
    Roy Cohn did that. I’d donor too if I had a $90 pickup truck financed for 15 years.

  32. The Great Pumpkin says:

    Declined? What is so bad right now? Living through a great time, and you can’t believe how bad it is. SMH…

    3b says:
    November 4, 2019 at 11:57 am
    Lib I understand. It’s a strange world we are living in at the moment. Can’t believe how much we have declined as a nation. They are all bad!

  33. The Great Pumpkin says:

    You complain about the state of our infrastructure. You think costs are going to go down with hundreds of thousands of people using and abusing this infrastructure on a daily basis? It’s expensive, no other place in the country gets this much use out of their infrastructure. WE BEAT THE HELL OUT OF IT ON A DAILY BASIS AND REFUSE TO PAY THE HIGHER COSTS IT TAKES TO MODERNIZE IT.

    Libturd, seen crazy things done with ping pong balls. says:
    November 4, 2019 at 11:51 am
    3b,

    Maybe it’s confirmation bias or just a whole bunch of bad mojo lately. Or even both. But I’m just not feeling this economy. In other news, the PATH went up another 40 cents a day for commuters. Now $100 a month to cross the river in a cattle car.

  34. The Great Pumpkin says:

    Monetary system and economy has changed. It’s all controlled and debt is not the same as it used to be. It’s crazy and complicated, but this time is different. That’s all I can say…

    How long has Australia and Japan been without a recession? Almost my entire life?

    Libturd says:
    November 4, 2019 at 10:05 am
    Fake news of the day

    “At the end of any economic cycle, we often get warnings that appear to be unrelated,” he writes in a note. “It’s in hindsight that we realize that they were not at all random.” We saw this during the housing bubble, he added, and we’re seeing it now.

    Among the recent troubles he thinks are connected are repo market woes, negative-yielding debt, global trade conflicts and collapsing manufacturing. And every cycle ends with excess.

    https://www.marketwatch.com/story/the-mother-of-all-bubbles-could-blow-up-the-economy-if-profits-dont-improve-warns-blackstone-strategist-2019-11-04?siteid=yhoof2&yptr=yahoo

  35. Sunday says:

    Lib,

    How about the $23T in debt we just crossed over. 2020?

    Consumers think things are great, CEOs, not so much, hence exercising and selling shares.
    https://blog.evergreengavekal.com/the-outlook-gap/

    Companies issuing more debt but have less cash on hand, buybacks anyone:
    https://latest.13d.com/weak-link-us-economy-corporate-debt-bond-market-490c4b00315e

  36. The Great Pumpkin says:

    Yes, this will prob lead to the greatest bubble ever, but we honestly have no clue. Uncharted territory.

  37. PatrioticHillbilly says:

    Comparing trump to fascists is ridiculous propaganda.

    We all know it’s the left today that has the authoritarian streak. They have no respect for the bill of rights and want to curtail liberties everywhere in the name of the bogus government enforced “equality” doctrine.

    Do this or don’t say that or we will destroy you. Reminiscent of the fascists to me.

  38. NotABetaMale says:

    Oh my, just imagine the terrible things he might do. Why he might even…
    – direct the IRS to audit and harass his political opponents
    – direct federal law enforcement and intelligence leaders to spy on the Democrat nominee for president in 2024
    – put a guy who once voted for the Communist party in charge of the CIA
    – get one of our ambassadors killed in the line of duty and knowingly lie about the cause of events that caused his death
    – allow his Sec of State to sell access through her slush fund ‘charity’
    – direct or allow his campaign staff to openly work on behalf of a presidential candidate in another country

    You’re so right to scared, we need a Democrat to make sure these terrible things don’t happen.

    Libturd says:
    November 4, 2019 at 11:53 am
    Trump, in a second term, scares the real crapola out of me. His ego would reach Mussolini proportions.

  39. Libturd says:

    Wow…still harping on Hillary?

    Did anyone here watch the last season of Homeland on Showtime?

    In other news, BCBS just admitted to me that they fukced up and need to start an internal investigation. And you wonder why I’m cranky?

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

    NotABetaMale – Grabbin’ ’em by the puss?

    I’d make a list, but you would ignorantly claim it to all be fake news. Yeah, I know. It is! Trump can do no wrong. Neither could a lot of other sociopaths.

  41. Juice Box says:

    Biden creepin again..

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  43. The Great Pumpkin says:

    Sorry, but this guy is as clueless as the CEO’s that have been overly cautious for maybe 5 years now. I swear, that’s why the economy has not overheated. The CEO’s have not allowed it to. They buyback instead of invest and that’s all you need to know.

    Why and how should this economy fall on its face? Why? I don’t want to hear about how the yield inverted either.

    “Consumers think things are great, CEOs, not so much, hence exercising and selling shares.
    https://blog.evergreengavekal.com/the-outlook-gap/

  44. Fast Eddie says:

    Bank of America is raising minimum wage to $20/hour:

    https://www.cnbc.com/2019/04/09/bank-of-america-is-raising-its-minimum-wage-for-employees-to-20-an-hour.html

    Work one day per week and you have an extra $560/month. Nice!!

  45. The Great Pumpkin says:

    Wanted to comment on this further.

    3b,

    Tell me when it has been safer to walk the streets of Paterson, Newark, or Camden? This is the safest Nj has been in my entire life (39). Social media and instant news makes it seem otherwise by amplifying noise, but America has never been better or safer.

    The Great Pumpkin says:
    November 4, 2019 at 1:12 pm
    Declined? What is so bad right now? Living through a great time, and you can’t believe how bad it is. SMH…

    3b says:
    November 4, 2019 at 11:57 am
    Lib I understand. It’s a strange world we are living in at the moment. Can’t believe how much we have declined as a nation. They are all bad!

  46. The Great Pumpkin says:

    The Great Pumpkin is coming..

    Fast Eddie says:
    November 4, 2019 at 4:31 pm
    Bank of America is raising minimum wage to $20/hour:

    https://www.cnbc.com/2019/04/09/bank-of-america-is-raising-its-minimum-wage-for-employees-to-20-an-hour.html

    Work one day per week and you have an extra $560/month. Nice!!

  47. Grim says:

    BoA outsources work to third parties on a lowest cost basis. They are not obligated to match wage.

    Plenty of companies have played this game.

    Usually you see them shift to contractor model for facilities and janitorial too.

    All the low wage staff is carved out, and shifted to third-parties on basis of price.

    CEO looks like a hero in the press, but in reality, the remaining employees were probably pretty close to $20 to begin with.

  48. Fast Eddie says:

    BoA outsources work to third parties on a lowest cost basis.

    Doesn’t BoA have to pay these third parties for services? What’s the point of outsourcing. Why not just hire someone directly? How is that saving money? Btw, I did a 16 month contract for BoA after the 2008 recession.

  49. The Great Pumpkin says:

    So basically low skilled workers are f’ed if they don’t get their skills up.

    I have to admit, I feel really bad for the low skilled individuals in our economy. They are really being thrown to the wolves, but no one said survival would be easy.

    Grim says:
    November 5, 2019 at 6:16 am
    BoA outsources work to third parties on a lowest cost basis. They are not obligated to match wage.

    Plenty of companies have played this game.

    Usually you see them shift to contractor model for facilities and janitorial too.

    All the low wage staff is carved out, and shifted to third-parties on basis of price.

    CEO looks like a hero in the press, but in reality, the remaining employees were probably pretty close to $20 to begin with.

  50. Bystander says:

    You are buying political nonsense hook, line and sinker, Ed. My company and prop mgt both outsource everything including the janitor and cafeteria staff. You pay a flat rate with no benefits. You pay more on hourly but it is a huge savings when health and 401k not paid. It is sham. The outsourcing model should lead to turnover and inconsistency but none of ours leave. Obviously rates have not improved otherwise they would bolt. I see same pricing collusion in NYC. My resume can go in several directions but usually on pm or program mgt in IT, on front side or middle/back. Sometimes look mid level or sometime sr. I don’t care what they are asking it is impossible to request over $90 hour on contract. It is a joke as test engineers were paid $100 a decade ago

  51. Fast Eddie says:

    My point is you could get a part time teller’s job at one of the branches for $20/hr. If the minimum everywhere is going to be $15/hr., some will offer a little more for those with some life experience. I should have made myself clearer. I see these opportunities more from an EQ perspective. It’s a hidden talent and something I see that’s lacking everywhere I go.

  52. Bystander says:

    How many here have jumped jobs in last years because of burnt Orange clown’s “greatest economy ever”. Companies should be clamoring to pay you top dollar. Raises are not happening in financial sector. Why not jumping? I thought so…just like to 10 percent I took. No where to go.

  53. The Great Pumpkin says:

    Aka they represent the serfs or peasants in our economic system. No one wants these jobs except low skilled immigrants. Low skilled americans rather collect disability or welfare checks. They learned how to game the system already and have no aspirations of getting out of this class of citizen.

    Bystander says:
    November 5, 2019 at 9:03 am
    You are buying political nonsense hook, line and sinker, Ed. My company and prop mgt both outsource everything including the janitor and cafeteria staff. You pay a flat rate with no benefits.

  54. Fast Eddie says:

    You pay more on hourly but it is a huge savings when health and 401k not paid.

    This is what I was thinking… the benefits or lack thereof. Listen, I get the frustration. I did a 12 month contract with Citi after the the BofA contract. Both places treated me like shit. I mean like docking me 30 minutes if I didn’t work, didn’t care that my father died, etc. I get it. The only thing to do is keep working and reinvest the dividends on your investments. It’s sort of a “if you can’t beat em, join em” mentality. The economy, for whatever form it’s currently in, is as good as it gets. Pocahontas or Sleepy Joe is certainly not going to make it any better.

  55. Fast Eddie says:

    Companies should be clamoring to pay you top dollar.

    Another promotion and another raise. Maybe I got a little lucky. Knock wood.

  56. Bystander says:

    Ed,

    I think we both know the game. Companies tend to smooth out compensation. Rest assured, if you are not on revenue side, then your “big bump” is because your being paid less base than the peer next to you…or you might see bigger bonus but overall they like lower base and will give appearance of rewarding you.

  57. Fast Eddie says:

    Rest assured, if you are not on revenue side, then your “big bump” is because your being paid less base than the peer next to you…

    I won’t dispute it. Though, I’m pretty low maintenance.

  58. ExEssex says:

    12,000 people across mid and senior levels.
    Cognizant is laying off around 7,000 employees.
    Cognizant is also planning to exit its content moderation business for clients like Facebook.
    Two well-known multinational corporations are laying off people in mid-senior level positions. Indian MNC Infosys and US-based Cognizant are reportedly letting go of thousands of people in a bid to cut down and restructure their organisations. Infosys could lay off as many as 12,000 people while Cognizant is removing 7,000 from jobs over the next few quarters.

    Economic Times reports on the two MNCs’ plans to layoff workforce. According to one ET report, Infosys will remove 10 per cent of the workforce, which comes to around 2,200 people, in Job Level 6 (JL6) i.e senior managers. The company further plans to lay off 2-5 per cent workforce in associate (JL3 and below) and middle (JL4 and 5) levels. This translates to around 4,000 to 10,000 people.

  59. Bystander says:

    I feel that I am low maintenance as well but I am also single earner with two young kids. Corps are so spoiled with cheap labor that they think $115k is some great area pay bc the desperate H1 takes lower plus works 12 hours a day. I handle work force plan for 100 resources. For perms at year end, mgt asks “likely hood they will leave”. For onboarding new candidates, mgt wants to ask if candidate will take one level down. Pathetic times. These two data elements drive the entire compensation strategy for banks. Until they feel heat of candidate loss and can’t hire H1 so easily then nothing changes for professional US citizen.

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

    And it’s not just in IT Bystander. I’m seeing the same kinds of changes all throughout my workplace. Keep in mind, we are now a 10 billion dollar in revenue company. Now that they’ve pretty much maxed their outsourcing capability, major tightening has returned to our local workplaces. I’d be surprised if my comp goes up even 1% this year.

  61. D-FENS says:

    Tom Perez on Univision talking about Donald Trump….ooof

    https://twitter.com/BonillaJL/status/1191728784560529408

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

    And that’s interesting because?

  63. D-FENS says:

    Because he’s the head of the DNC trying to convince Hispanic voters to vote Democrat on Univision. (hint…it didn’t go well)

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

    This one is much better. Is that you with the Pepsi?

    https://twitter.com/i/status/1188354562001920000

  65. Joe says:

    I’m sure things would be so much better if there was another Clinton in the whitehouse. Haha haha.

    “Bystander says:
    November 5, 2019 at 9:12 am
    How many here have jumped jobs in last years because of burnt Orange clown’s “greatest economy ever”.”

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

    Why does Clinton keep coming up?

  67. chicagofinance says:

    I’m not sure what is the question or concern? If you are attempting to liquidate into a market dislocation or liquidity squeeze, the MM’s compensate by widening the bid/ask spreads. As a market participant, I would avoid transacting with market orders under such conditions (i.e. wider than expected bid/ask for a given ETF).

    That said, I think ETF’s are actually structurally stronger instruments than mutual funds, because the stressors there are on the close as late sell orders create a liquidity crunch.

    If you are buy and hold, just ride out the volatility until the spreads tighten back to typical conditions.

    In the near term, there is way to much liquidity being pumped out there which is dampening volatility. We need central banks to back off to understand better how the new market infrastructure works under duress. I still think we haven’t had our seminal moment, but every day that passes allows our systems to build greater resiliency through innovation.

    Sunday says:
    November 3, 2019 at 1:14 pm
    Chi, read that between Vanguard and Blackrock, they have approx 2/3 of S&P 500 ETF money. If markets drop big > 10%, how do these funds liquidate fast enough for redemptions? MM provide an orderly market under this scenario, not likely. ETF don’t have their own MM, correct they rely on individual MM for stocks in index, Yes?

  68. The Great Pumpkin says:

    Listen, the economy isn’t perfect. Bystander may very well be experiencing hardship, but for the majority of skilled laborers out there, this economy is treating them very well. The data reflects that. You are seeing yearly wage growth. I really don’t know anyone that is complaining about not having a job, or complaining about the compensation. The consumer consumption in the economy reflects that.

    If it wasn’t for the consumer, recession would be here already. Why? Because the CEO’s are trying their damn best to bring about a recession by acting overly cautious and not taking risks with investment and expansion(buy backs instead). So business investment pulled back in this past year, yet the economy still grew on the backs of the consumer.

    Now tell these ceo’s to stop cutting and start investing in their worker, business, and community. If you are too scared to take risks and invest in your business, then you don’t belong in the position of CEO. Simple as that. Being overly cautious is just as bad as taking on way too much risk.

  69. Joe says:

    I’m trying to point out what the alternative would be and how it would not make much difference. In fact I think the economic situation would have been even worse.

  70. Bystander says:

    The liar speaks like he has first hand knowledge about private sector. He claimed double digit raise based on his performance. That “raise” was probably a card to free lunch at cafeteria where his second period losers pelt him with spit balls.

    Joe,

    I agree that it is beyond president Zaius but blowhard has suggest a fragile, deceptive ego that it demands mockery.

  71. The Great Pumpkin says:

    So the double digit raises my wife received in finance are made up? She hasn’t had a raise less than 4% in the past 8 years. Oh right, I’m lying. Keep telling yourself that to make yourself feel better. I wasn’t making it up, it was based on the individuals around me. They are all doing well. Even people I consider not smart, are killing it in the private sector. This one idiot is already on his 5th vacation of the year.

    And based on the individuals around me, the private sector blows the public sector out the door (small town cops are the only ones that make out…state troopers aren’t paid much).

    I have boyish good looks, I would have absolutely killed it in sales or the corporate ranks. Probably should still do that, but I’m sucker for helping people.

    Bystander says:
    November 5, 2019 at 1:33 pm
    The liar speaks like he has first hand knowledge about private sector. He claimed double digit raise based on his performance. That “raise” was probably a card to free lunch at cafeteria where his second period losers pelt him with spit balls.

  72. ExEssex says:

    4:37 see…? No one cares.

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

    Don’t feed the lying troll.

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

    Though not a big fan of religion, I am always impressed by the few truly devout. Until now.

    https://www.foxnews.com/politics/trump-impeachment-pastors-pray-white-house

  75. Tuesday NiteSippingETOH says:

    Was not I talking about Medicare For All and the rolling up of many social issues where they truly belong in healthcare, only thing lacking was the imagination thing…

    https://www.bloomberg.com/news/features/2019-11-05/unitedhealth-s-myconnections-houses-the-homeless-through-medicaid?srnd=premium

  76. chicagofinance says:

    The greatest head of the DNC of all time. Was responsible for the genesis of the “internet viral video”. Truly a trail blazer…. caveat: wasn’t the head of the DNC at the time
    https://www.youtube.com/watch?v=l6i-gYRAwM0

    D-FENS says:
    November 5, 2019 at 12:37 pm
    Because he’s the head of the DNC trying to convince Hispanic voters to vote Democrat on Univision. (hint…it didn’t go well)

  77. Tuesday NiteSecondRounds says:

    Ah, the smell of the younger generation preparing their weapons to start the “locust boomer” purge.

    https://www.washingtonpost.com/opinions/ok-boomer-the-kids-are-fighting-back/2019/11/05/32894688-0011-11ea-9518-1e76abc088b6_story.html

  78. chicagofinance says:

    Bookend to the above post from me:
    https://youtu.be/MvZ-clcMCec?t=476

  79. No One says:

    “Why does Clinton keep coming up?”
    Because nowadays he prefers to have his girls on top.

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