C19 Open Discussion Week 56c

Weekly COVID Vaccine Allocations – New Jersey

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106 Responses to C19 Open Discussion Week 56c

  1. grim says:

    Word on the street from the travel crew I know is that people are booking vacations like crazy with their covid stimulus.

  2. grim says:

    Vax appointments should start to get fairly easy to get in a week or two if the 450k/weekly pace can be maintained.

  3. No One says:

    Airline seat prices to Florida are jumping. In December/Jan they were very low.
    On vaccines, remember that the fragmented system made smart people sign up in 5 or 6 places, so apparent demand was higher than actual, and as soon as 1 of those 5 finally give a jab, there’s a multiple drop in people responding to queues.

  4. Grim says:

    Case in point – the NJ registration system.

  5. dentss dunnigan says:

    Yeah..Trump wins again…Biden won’t revive salt deduction…

  6. The Great Pumpkin says:

    U.S. jobs growth appears set to take off. The U.S. labor market is poised for a hiring spree that could deliver jobs to the industries, regions and workers that took the hardest hit during the Covid-19 pandemic.

    https://www.wsj.com/articles/march-jobs-report-unemployment-rate-2021-11617314225?st=a8888w1b25mizur&reflink=article_copyURL_share

  7. The Great Pumpkin says:

    March jobs report is expected to be strong and show the beginning of a hiring surge

    Employers are expected to have hired at a strong pace in March as the economy continued to reopen and more people were vaccinated.
    “Once people are vaccinated, and once schools reopen and parents don’t have to stay home with their children, I think you’re going to see literally millions of people coming back into the labor force,” said one economist.

    https://apple.news/AF-vYGLwPQDO9tEvibVzVtw

  8. Fast Eddie says:

    +916,000 – The Trump economy resumes.

  9. ExEssex says:

    The GOP is nothing but swindlers and sex traffickers now.

  10. Fast Eddie says:

    Btw, here’s O’Biden’s “infrastructure” spending plan:

    $400 billion for home-based care for elderly and disabled

    $35 billion for climate change-related R&D

    $50 billion for “research infrastructure” at the National Science Foundation

    $50 billion for new Commerce Department office “dedicated to monitoring domestic industrial capacity”

    $213 billion for home sustainability and public housing

    In other words, creating fake jobs with huge salaries as a thank you for endorsing s0c1alist ideas. It’s Oblammy 2.0 with no real results, punishing those who actually produce and handing it to those who don’t.

  11. The Great Pumpkin says:

    Guys, enjoy this run this decade. It doesn’t happen often. Make the best of it.

    Roaring 20’s 2.0!

  12. ExEssex says:

    Eddie we all know you are a little on the brainwashed side.
    You and your little Trump fanboy club are a laughing stock though.

  13. BRT says:

    With respect to Desantis, the media is looking for someone to replace orange man as their target. He was perfect for their ratings. No one else compares. Maybe DeSantis is their guy? At the end of the day, can anyone actually with a straight face argue Cuomo or Murphy managed this better than he did?

    I ran into a neighbor on a walk a few days ago. Asked him how everything was going. He was fully vaccinated but still locked down. Conversation started off nice but then he devolved into, “did you see what is going on in Brazil? No? They can’t control their cases. Their leader is an a**hole, he’s the Trump of South America!”. I had a similar experience with him when South Dakota refused to shut down. I just shrug my shoulders and move on.

    But here’s the problem. Guy’s head was literally about to explode. He and everyone else sit around on social media, those sites deliberately try to rile you up and now he’s walking around fuming about some moron in Brazil, a country he’s never been to and will never set foot in, or South Dakota, a state he’s never been to. And it’s been months but Trump is still in his head every single day. Even with him essentially on media blackout.

  14. Fast Eddie says:

    Sex trafficking: You mean the one involving John Podesta and the Clintons?

  15. ExEssex says:

    I mean Trumps direct links to Epstein and the accusers being recruited from Mara Lago.
    And of course your north FL fruitcake with the adopted son Nestor.

  16. 3b says:

    BRT: I have a friend like that as well. Can’t stop talking about Trump, he is obsessed with him. And this guy had zero interest in politics until 4 years ago. It’s like without Trump, he has nothing to complain about. I am glad Trump is gone, and I like the quiet, but it’s too quiet, because the media is not challenging the Biden administration on anything. The new mindset now is all Democrats good, all Republicans bad. Instead of all politicians are pretty much bad, and the media should hold them all accountable.

  17. 3b says:

    Fast I don’t see a lot of infrastructure stuff in those numbers.

  18. ExEssex says:

    8:56 just tell him dOnchA kNow i’mmA cOnseRvative .
    Betcha know who Q is.

  19. Fast Eddie says:

    And it’s been months but Trump is still in his head every single day. Even with him essentially on media blackout.

    Democrat accomplishments are built on their adversaries failures. Absolute failure never occurs for a liberal because they never make an attempt. They haven’t had a foundational achievement in our lifetimes. Anything positive that occurs is the result of individual acts, production and performance. The left’s greatest success in the last 50 years has been the Covid outbreak because it gave them unlimited conjecture to advance their fake ideology

  20. Fast Eddie says:

    3b,

    Pay no attention to that old man behind the curtain.

  21. BidenIsTheGOAT says:

    They are also trying to reinstate the salt blue state bailout. It’s another leftist wishlist being packaged as infrastructure.

  22. ExEssex says:

    9:20 failure is literally all that you have to show for 4 years of Trump.
    That and massive corruption complete with pardons handed out like candy.
    You are embarrassing yourself with every post now.

  23. No One says:

    Leftists have been calling whatever spending they want “infrastructure” for decades.
    I remember when Jesse Jackson was running for Pres he basically called welfare checks an “investment” in “infrastructure”. Now they would call funding for the 1612 Project in schools investment in infrastructure.

    To be fair, Trump had a lot of empty campaign promises about infrastructure, how he was going to pump up investments, replace our decrepit airports, tunnels, bridges, etc. After the first year I never heard much more about it. There was supposed to be public private partnerships and such, tapping stock and bond markets to create win win investments. Then it all went silent. That would have been a much better use of capital than the garbage bubble SPACs and ARK crap, and useless bitcrap, but that’s what America got instead.

    Probably because it’s a bad idea to have as president someone with the emotional and intellectual maturity and attention span of a 5 year old.

  24. ExEssex says:

    bUt hEr eMails
    BUt hUntEr bIdeN
    bUt oBaMa is a mUsLim
    but tHe sWamp
    BUt hE wOn tHe eLectioN
    MaGa

  25. ExEssex says:

    wE cAn sAy merRy cHrisTmas aGain

  26. 30 year realtor says:

    If you were 100% committed to looking like a cult member, conspiracy theorist, and cartoon character, you would write something like this..Fast Eddie says:
    April 2, 2021 at 9:00 am
    Sex trafficking: You mean the one involving John Podesta and the Clintons?

  27. BidenIsTheGOAT says:

    Let’s oust all s3x predators and those who enable them. Let’s start at home with Phil Murphy who appointed an accused rapist and then tried to use the governors power to cover it up.

  28. The Great Pumpkin says:

    Manhattan Residential Sales in March Soared to Highest Level in 14 Years
    Market was dormant for months after many New Yorkers fled near start of Covid-19 pandemic

    https://apple.news/ANn-RS_sbQF2nRwwjZRTgVQ

  29. Phoenix says:

    What goes up, must come down.
    And it will. Effeing hard.
    Don’t be underneath it.

  30. Phoenix says:

    Biden scrubbed the wealth tax. Haha. Pile on the debt. Heroin for the masses.

    More projects, more money, no way to pay for it. Sounds like the NJ State pension plan.

  31. crushednjmillenial says:

    Trump would have had a stronger presidency and chance for reelection if he had started with a focus on infrastructure. True infrastructure – roads, bridges, tunnels, airports, seaports, internet connectivity, pipelines, power plants, desalination plants, and trains. Especially new projects that people can see and notice. It is not absurd to imagine some of the earliest projects might have been able to be completed ahead of the 2018 midterms, certainly ahead of 2020.

    It’s crazy he didn’t given that it is clear that he has a bit of a fascination for big, built things.

    It would have been a much better use of politicial capital with more opportunity for consensus than the hamhanded rollback of prior healthcare legistlation.

  32. Juice Box says:

    No bullet trains in that legislation. Who wants to take a 20 hour train ride to Chicago?

  33. ExEssex says:

    Ur mom

  34. Phoenix says:

    Hunter shirks away from addressing it in the interview, saying the laptop could have been ‘stolen’ or he could have been hacked by ‘Russian intelligence’.

    It’s always the Russians.
    Can we just stop blaming them already for things they have not done.

  35. Bystander says:

    Like I said, Biden is basically R president. The progressives were merely a conduit to getting elected and now he will provide them lip service while keeping corporatocracy pleased. Unfortunately there was no choice but to elect him given the crazy person occupying 1600. It is a shame.

  36. ExEssex says:

    11:24 classic Russian Ops played out there. Read a book or something.

  37. Phoenix says:

    Bystander,
    Agreed.

  38. Phoenix says:

    ExEssex,

    Don’t need a book to see what criminals the Biden’s are. And I am not pro Trump either.

  39. Bystander says:

    Trump could not get real legislation passed bc he was mentally incapable due to raging narcissist disorder. He was too weak in mind to dismiss criticism. He only looked for bootlickers and he found them in Graham and McConnell but they could not get Rs to support a lunatic.

  40. Bystander says:

    Spooky but the criminality and malinvestment is worse today. We just can’t see it bc Fed is supporting it all.

    https://nypost.com/2021/04/01/abandoned-1-6-billion-missouri-resort-community-goes-viral/amp/

  41. Juice Box says:

    Haha what a liar. The US Attorney of Delaware has the laptop it was picked up by the FBI via a grand jury subpoena. It’s been verified, fingerprinted, and searched by the FBI and logged into evidence. That US Attorney is a hold over from Trump Admin, they did not fire him because of the optics. Will he bring charges? They keep saying tax evasion in the news because well that can be explained away with a fine and a slap on the wrist. But everything else?

  42. chicagofinance says:

    South Park genius (No One Edition):
    https://www.youtube.com/watch?v=Nf8JXm_qjjM

  43. chicagofinance says:

    Juice Box says:
    April 2, 2021 at 12:35 pm
    Haha what a liar. The US Attorney of Delaware has the laptop it was picked up by the FBI via a grand jury subpoena. It’s been verified, fingerprinted, and searched by the FBI and logged into evidence. That US Attorney is a hold over from Trump Admin, they did not fire him because of the optics. Will he bring charges? They keep saying tax evasion in the news because well that can be explained away with a fine and a slap on the wrist. But everything else?

    https://www.youtube.com/watch?v=Fdjf4lMmiiI

  44. ExEzsex says:

    12:38 I can’t even

  45. Juice Box says:

    The Special Agent Joshua Wilson who signed the subpoena for Hunter Biden’s laptop investigates crimes against children for the FBI.

    https://www.google.com/search?q=Special+Agent+Joshua+Wilson&rlz=1C1CHBF_enUS798US798&oq=Special+Agent+Joshua+Wilson&aqs=chrome..69i57.98j0j7&sourceid=chrome&ie=UTF-8

  46. BidenIsTheGOAT says:

    The problem with Biden being a corporatist in sheep’s clothing is that he has to go further to the left socially to appease the radicals. Schlongs in the school girls locker room. The armed forces being a tranny surgery sponsor. Open borders. Those are radical positions and he adopts the like they’re mainstream to keep The AOC type happy. By doing it absent legislation it tears the country apart.

  47. The Great Pumpkin says:

    Cathie gets no love…lol

    Just like they all mocked her and laughed at her in 2018 when she was making her calls on Tesla. How that work out?! Lol

  48. The Great Pumpkin says:

    I don’t see how you would want to be in value over growth when the economy is about to go on an unbelievable run.

    “The ‘V’ Is Back
    A V-shaped rebound from last year’s pandemic shutdowns flattened last fall as stimulus faded, infections rose and restrictions returned. The V is now back: Almost every key labor market indicator turned green in March. Payrolls, both total (+916,000) and private (+780,000) rose strongly and by more than economists expected, prior months were revised up, unemployment fell to 6% from 6.2%, and labor-force participation rose a tad to 61.5% from 61.4% as more people felt safe looking for work. Almost every major sector grew, led by leisure and hospitality (+280,000) as restrictions were lifted, government (+136,000) as in-person teaching resumed in many states, and construction (+110,000) after February’s weather-induced drop. The average work week lengthened to 34.9 from 34.6 hours. One negative: Hourly earnings slipped as lower-paid occupations outperformed. What could go wrong? The reopening underpinning the jobs recovery and more-infectious Covid-19 variants appear to be driving infections higher. Maybe President Biden should have waited a few more months before sending out those stimulus checks. —Greg Ip”

  49. BRT says:

    Go all in!

  50. chicagofinance says:

    ex: blast the in car after the dispensary…….
    https://www.youtube.com/watch?v=xBNXckc1_Fg

    chicagofinance says:
    April 2, 2021 at 12:38 pm
    South Park genius (No One Edition):
    https://www.youtube.com/watch?v=Nf8JXm_qjjM

    ExEzsex says:
    April 2, 2021 at 12:52 pm
    12:38 I can’t even

  51. Theo says:

    More money is how you pay for more projects.

    Phoenix says:
    April 2, 2021 at 10:42 am
    More projects, more money, no way to pay for it.

  52. The Great Pumpkin says:

    Boomers skit…SNL

    https://youtu.be/2hekDuCBxCc

  53. The Great Pumpkin says:

    Why this time is different..

    “Need a Mortgage Loan? Good Luck. Lenders Are Tightening Standards.
    Mortgages are going almost exclusively to borrowers with pristine credit histories”

    https://apple.news/AGfURfwnwRa2HjEZ0qlFsJw

  54. The Great Pumpkin says:

    Not a bubble cause the people buying homes are already in the upper-middle class with recession resilient jobs. The prior recession was lending to people without such credentials. They are over-bidding cause they can. The only bubble will be the multi-million dollar homes, but those aren’t going crash to a point that the typical middle class family is going have a chance anyways.

  55. The Great Pumpkin says:

    I agree with that to a point. I don’t believe any part of the housing market is in a bubble. Just not enough supply. It has a way to go. When a house like mine is 1 million, this cycle might be over…way to go.

  56. The Great Pumpkin says:

    I believe housing will go back to its avg…which is, future generations will look at housing like the generations before 2008. It’s an asset that rarely goes down, and holds its own vs inflation.

  57. grim says:

    Updated Vaccination by Age Range for NJ:

    At Least 1 Dose
    Total Pop: 8.9m
    Total 1st Doses: 2.9m
    18-29 – 1.4m population – 232k dosed – 17% 1 Dose (Up from 16%)
    30-49 – 2.3m population – 696k dosed – 30% 1 Dose (Up from 29%)
    50-64 – 1.9m population – 812k dosed – 43% 1 Dose (Up from 41%)
    65-79 – 1.1m population – 841k dosed – 76% 1 Dose (Up from 74%)
    80+ – 400k population – 290k dosed – 73% 1 Dose (Up from 70%)

  58. grim says:

    That’s compared to April 1 – told you this week would be one of the single largest jumps in coverage.

  59. NJCoast says:

    Got my one and done jab yesterday at the Neptune Shoprite. No side effects so far.

  60. grim says:

    Not only that, but vax rates are going to jump even faster over the next 6 weeks with the Federal site coming online in Newark – 6,000 doses a day – this is on top of the state’s existing allocation as these are coming out of the Federal inventory:

    https://patch.com/new-jersey/newarknj/new-jerseys-largest-coronavirus-vaccine-site-opens-newark

  61. Juice Box says:

    Coast – My in-laws had the J&J one shot vaccine too no side effects except for a strong craving for bananas. The adenovirus they used is a strain that is found only in chimpanzees.

    It works the same way as other vaccines by provoking an immune response assuming you did not have that virus before. The reason for the Chimp virus is if they used a human virus instead and you were already exposed to it you may not develop an immunity to Covid-19.

  62. Juice Box says:

    Well over a million people had Covid already in NJ. Positive PCR tests alone were 800,000. Let’s assume it’s another million + that had it and did not test for it etc. We are hovering around 2 million people that now have antibodies they developed without the vaccine. We could be near 50% NOW, cases should be dropping off a cliff, but data says otherwise 7 day new case average is still 4,496…..

  63. The Great Pumpkin says:

    1 big thing: Tampa Bay stares down environmental disaster

    https://apple.news/AH0oxSsLlQ1-NyUcW_K6FeA

  64. The Great Pumpkin says:

    “Tesla said Friday it delivered 184,800 cars in the first quarter — exceeding analyst expectations (177,822).

    Why it matters: That tops the previous record set in Q4. It’s also more than double the vehicles delivered at the same time last year.

    It’s a strong start to 2021 for Tesla. Tesla defied the pandemic and turned out a string of profitable quarters as the global economy crumbled, though it’s unclear how the global chip shortage will affect the electric carmaker.”

  65. Juice Box says:

    Pumps you missed the part where the analysts downgraded TSLA again last week, the stock is down 27% from it’s peak.

  66. The Great Pumpkin says:

    I’ve been calling this for years. What does Covid have to do with this? Blame it all you want on the pandemic, but if you were paying attention, used critical thinking skills, you might have been able to see this coming too. It was always about supply and demand. A huge wave of demand was coming from millennials, but for some reason, not many saw it coming.

    “The Housing Market Is Crazier Than It’s Been Since 2006
    Limited inventory, low interest rates and bidding wars are driving prices sky-high. ‘It’s just taken a little bit of the joy out of the process.’”

    https://www.wsj.com/articles/the-housing-market-is-crazier-than-its-been-since-2006-11617422403?st=axoezy37ef4pkpl&reflink=article_copyURL_share

  67. The Great Pumpkin says:

    How long was I saying this? Called it perfectly to the exact years.

    “While the pace of home price gains has been dizzy­ing, it’s not hard to un­der-stand what is dri­ving the frenzy. Mort­gage rates sit near his­toric lows. Mil­lions of mil­len­ni­als are en­ter­ing their early 30s, the typ­i­cal age of first-time home buy­ers. And the pan­demic has spurred new de­mand: Some buy­ers want more space to work from home while oth­ers are will­ing to move far­ther from their of­fices. Many work­ers who kept their jobs in 2020 were able to save up for down pay­ments due to stim­u­lus checks, for­bear­ance on stu­dent loan pay­ments and less spend­ing on travel and en­ter­tain­ment.

    Sup­ply, mean­while, has never been tighter. New-home con­struc­tion plum­meted dur­ing the 2007-09 re­ces­sion and re­mained low in the fol­low­ing years. Home­own­ers are also stay­ing in their houses longer, in part be­cause ag­ing baby boomers are stay­ing health­ier later in life and choos­ing not to down­size. The num­ber of homes for sale in March was roughly half of what it was a year ago, ac­cord­ing to Re­al­tor.­com. In Austin, Texas, Jack­sonville, Fla., and Raleigh, N.C., the year-over-year in­ven­tory de­cline topped 70%. (News Corp, par­ent of The Wall Street Jour­nal, op­er­ates Re­al­tor.­com.)”

  68. The Great Pumpkin says:

    It was such a simple equation if you could see it. Huge demand from millennials combined with not enough inventory. Too bad people thought millennials were never going to buy homes and live in the basement.

  69. The Great Pumpkin says:

    I mean, if you can’t see by now that Tesla is the new dominant American tech company, I don’t know what will. All the naysayers blasted this company for the last decade, and all it did was prove how little they know. Their pea body brains can’t see into the future like Cathie can.

    Betting against musk and Tesla by now is just insane. Time to give it up.

    Juice Box says:
    April 3, 2021 at 9:13 am
    Pumps you missed the part where the analysts downgraded TSLA again last week, the stock is down 27% from it’s peak.

  70. Brt says:

    Trade in your beamer and buy a tesla

  71. Juice Box says:

    Pumps – critical thinking? I don’t think you have mastered it yet. You still believe millennials created the imbalances that caused consumer prices to rise or created price bubbles in stock, credit, and real estate markets?

    But what do you know about the mechanics of it? I don’t think you get it and never will.

    Mortgage rates were dropped to the lowest on record because of the Federal Reserve’s response to the Pandemic. It had nothing to do with the millennials, it was the Pandemic, ultra low rates an then add in pandemic driven artificial demand due to people fleeing the cities, so called “white flight”. If you notice the good housing news is about buying homes in the suburbs and not the price of a condo on Park Avenue.

    If there was no pandemic the rates would still be hovering around 4% and possibly much higher because the economy would have been going gangbusters and the Fed may have had to move to raise rates to cool things down.

    Cheap money has flooded the economy and there will be a price to pay.

  72. Brt says:

    And while you are at it, get tesla to install a solar roof for you since you claim to care so much about the environment

  73. Brt says:

    Coast,shouldn’t expect side effects from adenovirus vaccine. Minimal at best.

  74. The Great Pumpkin says:

    Juice,

    You have to have the demand. The huge buying bloc to drive a market. I said for how many years that the millennials would go into home buying starting in 2018/19 and then blowing up in the early 2020’s. Their drive into housing would help create the roaring 20’s 2.0…housing is the no1 driver of the economy. It leads to all other types of purchases in the economy. I said this how many times on this blog.

    You can lower mortgage rates and do whatever, but if you don’t have the demand, it means nothing. I mean how long were the rates low already? I got a 2.75 rate on a 15 year back in 2015. Why wasn’t housing going nuts then? Maybe, just maybe, the demand was not there yet. The millennials weren’t ready, and the other big bloc( boomers) were sellers. So who was going to buy?

    So you guys can make yourself feel better and say “I was lucky.” You can be like lefty, and say this was a brainless call and always going to happen. Or you can man up and acknowledge a seriously epic call on my part by stating roaring 20’s 2.0 back in 2012. That’s a seriously epic f’ing call.

    So bash me and mock me, but understand I came through with my epic calls. It feels pretty damn good.

  75. 30 year realtor says:

    Regarding counting covid cases and their impact on immunity, it is unknown how long immunity lasts. Plenty of documented re-infections of covid. Also unknown how long immunity from vaccination lasts. Too soon to think this is going to be in the rear view mirror.

  76. Juice Box says:

    Except for the tracking device they implanted. They will know you are on the beach after hours drinking…

  77. The Great Pumpkin says:

    Theme song for pumps looking for validation on this real estate blog. Lol

    https://youtu.be/4D2qcbu26gs

  78. BRT says:

    Regarding counting covid cases and their impact on immunity, it is unknown how long immunity lasts. Plenty of documented re-infections of covid. Also unknown how long immunity from vaccination lasts. Too soon to think this is going to be in the rear view mirror.

    In just about every virus where reinfection occurs, a subsequent infection is much less than the primary. Someone who would have been hospitalized by primary infection is unlikely to be from secondary. That’s why, even with a vaccine like J&J where it doesn’t prevent you from testing positive, it does prevent hospitalization. As soon as hospitalizations are down to nothing like they were in the summer, it’s over. What’s not over is the establishments desire to cling to their newfound relevance and power.

  79. 3b says:

    Juice:I read that WSJ article this morning, after my 5 mile run, nice heated vest for Christmas I just tried out. Blasting off the last 3 pounds I gained over quarantine
    I find it interesting that as per the article some of these buyers moved back in with their parents and saved money for down payment by not having to pay rent, and not paying student loans because of forbearance , and saving their stimulus money. I wonder how they do when the they have to start paying student loans again? This whole environment reminds me of the late 80s when we are all buying houses just to get in , as the experts at the time were saying there will be a whole generation that will be locked out of homeownership, as prices will continue to rise. Well, we all know what happened after that. Of course we will have the so called experts tell us how that was all different then today, which in the final analysis is BS. As you said there will be a price to pay, and it will be high. A lot of poor decisions being made by young people, based on fear, and ignorant cheerleaders, who cheer this madness on. It’s different this time, except that in many respects it’s worse.

  80. NJCoast says:

    Banana daiquiris?
    Juice Box says:
    April 3, 2021 at 9:51 am
    Except for the tracking device they implanted. They will know you are on the beach after hours drinking…

  81. Hold my beer says:

    Pumps

    What happens to housing prices if mortgage rates go up to their normal range of 7-8%? That’s what they averaged for years before quantitative easing happened.

  82. Hold my beer says:

    Aaron Collings has a new mask video out.

    I just ordered some more kf94 masks.

  83. Hold my beer says:

    That’s Aaron Collins

    https://www.youtube.com/watch?v=N5XnjuPTkgU

    He even has examples of real and fake n94s.

  84. Bystander says:

    Hold,

    Don’t bother. The jack-0ff thinks the Fed has such mastery of the economy that nothing matters anymore, except his delusional prophecies and ‘i got mine’-isms about how recent bag-holders will be “NJ rich” too one day.

  85. The Great Pumpkin says:

    If demand is strong enough (lot of people getting assistance from rich boomer parents), it will hold. In reality, we have no shot in hell of reaching those rates in the next 5 years…no chance.

    Hold my beer says:
    April 3, 2021 at 12:12 pm
    Pumps

    What happens to housing prices if mortgage rates go up to their normal range of 7-8%? That’s what they averaged for years before quantitative easing happened.

  86. The Great Pumpkin says:

    Wow, you finally get it. Which huge demographic group was this? That’s right, the boomers. Just follow the housing to the boomers spending patterns by age. 80’s was the starter. Then they all took a breather in the 90’s, and then when they hit peak earning years, they went nuts buying again in early 2000’s. They bought upgraded homes, vacation homes, and also went to work speculating creating a massive bubble.

    Now why do you think the millennials won’t have the same impact on the housing market?

    “This whole environment reminds me of the late 80s when we are all buying houses just to get in , as the experts at the time were saying there will be a whole generation that will be locked out of homeownership, as prices will continue to rise. Well, we all know what happened after that.”

  87. The Great Pumpkin says:

    Also, as to why people would buy in this market? Do you understand you have one life? You don’t have eternity. You have to treat a personal home as an investment in your quality of life. If you have to buy in a rising market, it is what it is…the individual must decide between what they want for their life and at what price. Just because you wouldn’t pay this price, doesn’t mean others in the market will do the same thing.

  88. Crushednjmillenial says:

    Pumpkin,

    If you are bullish about NY metro housing, are you buying any single family homes to flip? Are you buying any single family houses to rent for a defined time period (say, two years) to then sell it? Are you doing a BRRR, like they advocate on BP? Are you instead doing buy and hold on new rentals?

    If not, why not?

  89. 3b says:

    Pumps: Reading Comprehension is not a strong point, and you are a teacher! Sorry Joyce.

  90. 3b says:

    Hold: The typical liberal hypocrisy.

  91. BRT says:

    lol, he even needed security to show him how to adjust the seat. Transportation secretary? Ok….

  92. Hold my beer says:

    3b

    I liked putting the bike in an sub, then stopping a few blocks from the White House and taking a bike out of the trunk. It’s like something from The Office.

  93. Hold my beer says:

    Yesterday I was in the post office with my youngest . An old guy 2 spots in front of us had his mask on upside down. He looked like mermaid man from spongebob. One of the two postal workers behind the counter would pull her mask down to talk, and when she finished would pull it back up. We then went to hmart. There were only 3 other white guys in the whole place . One old guy not wearing a mask and two young guys not together walking around with their noses hanging out. We only saw 1 other person not wearing a mask properly. I told my kid that’s why I’ve only been going to hmart, 99ranch and the stores in their plazas and doing amazon fresh this year . I’d say at least 1/4 to 1/3 of the white people I see when I’m out are not wearing a mask or are not wearing it properly.

  94. 3b says:

    Hold/BRT: If this had been a Trump or Republican, there would be outrage, including on this blog, but because it was Biden , Democrat, this will be a non-event. Why don’t people call BS simply as it is, not based on which side does it.

  95. ExEssex says:

    T
    Stacy Blatt was in hospice care last September listening to Rush Limbaugh’s dire warnings about how badly Donald J. Trump’s campaign needed money when he went online and chipped in everything he could: $500.

    It was a big sum for a 63-year-old battling cancer and living in Kansas City on less than $1,000 per month. But that single contribution — federal records show it was his first ever — quickly multiplied. Another $500 was withdrawn the next day, then $500 the next week and every week through mid-October, without his knowledge — until Mr. Blatt’s bank account had been depleted and frozen. When his utility and rent payments bounced, he called his brother, Russell, for help.

    What the Blatts soon discovered was $3,000 in withdrawals by the Trump campaign in less than 30 days. They called their bank and said they thought they were victims of fraud.

    “It felt,” Russell said, “like it was a scam.”

    But what the Blatts believed was duplicity was actually an intentional scheme to boost revenues by the Trump campaign and the for-profit company that processed its online donations, WinRed. Facing a cash crunch and getting badly outspent by the Democrats, the campaign had begun last September to set up recurring donations by default for online donors, for every week until the election.

  96. Bystander says:

    True it was ridiculous stunt and inauthentic by Pete..much better to authentically not know that you are responsible for nuclear arsenal like Trumps DofE secretary.

  97. Juice Box says:

    Happy Easter

  98. Bystander says:

    Happy Easter all.

    Per NY times, metro area lost 1m jobs during pandemic. Most won’t be coming back.

    The rebuild faces formidable challenges.

    The New York metropolitan area lost more than one million jobs in 2020, close to double the Los Angeles area’s loss and triple the Chicago area’s, according to the federal Bureau of Labor Statistics. (The city’s official unemployment rate rose to 12.9 percent in February, more than double the national rate, which was 6.2 percent in February and fell to 6 percent in March.)

    The job losses fell harder on those who were clinging to the lower rungs of the city’s economic ladder. Low-paying jobs that cannot be done from home accounted for most of the losses, and many may not come back for years, if ever, economists said.

  99. Nomad says:

    This weeks musing from NYU bus prof Scott Galloway including his thoughts on Commercial real estate deterioration.

    https://www.profgalloway.com/we-might-work/

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