From CNBC:
Homebuyers are applying for ever bigger mortgages as home prices soar
Sky-high home prices mean demand for ever bigger mortgages, but those prices may also be causing a pullback in homebuying overall.
Mortgage applications to purchase a home fell 4% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was just 2% higher than the same week one year ago, when the housing market was just starting to come back after the pandemic shut it down.
“A decline in purchase applications was seen for both conventional and government loans,” said Joel Kan, an MBA economist. “There continues to be strong demand for buying a home, but persistent supply shortages are constraining purchase activity, and building material shortages and higher costs are making it more difficult to increase supply.”
The extreme shortage has prices continuing to climb at the fastest pace in over 15 years, and as a result, average purchase loan balances are climbing in tandem. Last week, that average hit $411,400 — the highest since February.
I love the smell of napalm in the morning.
Pfizer 12-15 take rate looking fairly strong for the first week.
NJ now well above 50% of total population with at least 1 dose. With 12-15 in the mix, we stand a good chance at hitting 60% in a few weeks.
2-11 should be available shortly after the beginning of the school year.
Update policy at the little league field. Kids are now allowed in dugouts without a mask. The only person who has to wear a mask in the dugout is the vaccinated parent.
Ez says:
May 20, 2021 at 1:51 am
“It’s [Israel] the homeland and most of us love it dearly.”
Yet you vote for a prez who appeases Iran and restores no-strings funding to Pal (Hamas), and support a party that protects a vocal and growing group of antisem1tes within its ranks. Go figure.
Phoenix, regarding EZ PAss. I have it through NY with the standard plan. They have a bunch of discount plans if you use one of the MTA/NY bridges. Free supplies when you need more double sided tape for the tags. If your car is registered through them I don’t believe you even need a tag anymore as well. It works for me, if i have a problem someone picks up in the Staten Island Call center for issues. Hence I never switched to NJ. I also dont see them charging me a dollar a month fee, but I could be mistaken.
Fed April minutes say it’s time to at least start talking about tapering.
Walking,
In the past I have heard there are some advantages of having one from somewhere else other than NJ, that it doesn’t matter otherwise as toll is paid.
Got to keep reading. THX.
Things like this:
“Just a tip and not related to your original question, If you get a NY ezpass the VZ is only $11.52 rather than the $17.00 they charge you with a NJ ezpass. I have both a NY and a NJ ezpass, i use the NJ one while commuting around NJ because of the off peak discount you receive on the turnpike and I use the NY one for the VZ or if i use the battery tunnel.”
Fed taper? Why inflation? They have provided a $7.8 trillion punch bowl over the last 13 years and have made themselves TBTF.
Banks regularly park $100 Billion in their overnight facility. They control the floor on short term interest rates with that the overnight facility it’s actually called the “floor system” and they control the ceiling of interest rates with their 120 a month bond buying.
Sell to whom anyway? Just like Bernake, Powell will be headed for the exits soon enough, as there is no exit plan. They will manipulate interest rates until the cows come home or we are all dead.
https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
LOL, best line from that link is the very first sentence…
“The Federal Reserve’s balance sheet has expanded and CONTRACTED over time.” [emphasis mine]
Followed by a chart that expands 9x over 13 years…..
Remember when the fed “made money” off the bailout?
Inflation transitory my arse!! Yeah Thank God for the Fed!
In the immortal words of BC Bob, “Sell? Sell to whom?” I miss seeing him post here.
Remember when banks paid a decent rate on a CD? A whole generation has gone by now and have no idea what interest on savings is or what it means.
We aren’t quite Europe yet where the banks charge your a negative % for the privileges of holding your money in an account instead of a security but we will get there soon enough.
Juice, for the longest time, the teller behind the counter at Chase would encourage me to open up a savings account to “earn interest”. I’d just smile and tell them, I’ll think about it. One time, she was being pushy so I ran through the math with her on interest earned vs. the car trip I would have to set up to close the account a few years later. It worked out to much less than minimum wage for the 30 minutes it would take to do that.
Phoenix,
Double check your EZ-Pass statements when you get a chance. First, if you live in NJ (if the account billing address is a NJ mailing address), you are not supposed to be eligible for the NY Resident discounts. Second, NY used to charge the $1 a month service fee. Some states, got rid of it. Honestly, it’s just another bullsh1t tax since users are doing the state a favor in not having to pay a toll collector. Maryland got rid of it. I used to have the NY EZ- Pass, then I moved to the Pennsylvania one and finally to the NJ one as they all added that fee. But the NJ used to provide a pretty good discount on the Turnpike and I think they still do. GSP, you are fukced no matter what. Also, I heard it’s like $100 for a truck to cross the GWB these days.
Juice: Out of bullets. S@cialiam is going to look more and more attractive to young people.
Juice,
I love bringing this out. SFW.
https://drive.google.com/file/d/1yDNGskPG4dfUzUfnXWH2z80k9MszZWDz/view?usp=sharing
“The urban park is a $50 million investment funded by bonds and will add another six acres to the existing one-acre park near the iconic water fountain.”
https://abc11.com/10657438/?ex_cid=TA_WTVD_FB&utm_campaign=trueAnthem%3A+Trending+Content&utm_medium=trueAnthem&utm_source=facebook&fbclid=IwAR0jHwTwinsrrrgFeF89lq8ewAc2A6crvZNTA18KcH7HgP4ydNGpdMxSkuE
Comment from the article.
“Misallocated funds given the current dilemma if you ask me, but I’m not surprised. Its Cary ( Central Area For Relocated Yankees).”
With the GWB and a few other crossings, you can call them up and register for Car Pool. So if you have kids in the car stop at the cash toll and ask for it. It used to be $6, its now up to $7,50
April minutes are stale considering jobs number published 5/7
3b says:
May 20, 2021 at 8:29 am
Fed April minutes say it’s time to at least start talking about tapering.
Flab: where is the Hamas love?
Damn FAB, and I thought I was cheap. Though will probably take advantage.
Israel and the Palestinians will never make peace.
Thank god I believed in pump and bought some RE. if I had listened to these losers from Connecticut and some nay sayers, I would be ending homeless for next 10 years renting licking my wounds.
Also those who think they can sit home and WFH for the next 20+ years and take an afternoon nap, just wait for that email to come back into office by Sep worse case.. Policy emails started already
Lib, I’ve contemplated this before but I rarely drive into Manhattan, especially with kids and every time I do I wouldn’t have the patience for the cash lane, especially given how the PA has reduced the number of cash lanes and they eliminated it entirely at the Holland. Also $7.50 vs the off peak rate of $11.75, is only $4.25 savings. It’s amazing to me how much the tolls have inflated, I remember when they increased the tolls to $4, man it makes me feel old. It’s insane to think they built these things so long ago they long paid off the infrastructure build cost and it seems like the state of maintenance is not very good, what are they doing with all of that toll revenue.
Does not fit narrative, must suppress…..cancel
https://www.youtube.com/watch?v=dUWcMVegIWk
PA, MTA, NJ Transit, LIRR, Metro North etc all have their hands out for massive federal aid. There is about 8.6 Billion from the last bailout bill headed to them now. Even with that aid most of it is one shot injection they still must force people back commuting into the city to remain solvent.
NJ Transit is still down 70% on Train ridership and 50% on Bus ridership. NJ Transit forecasts that fare and commercial revenue will only return to about 80% by year 2023 of what the agency earned in fiscal year 2019. How are they going to make up for it, massive increases in ticket prices.
MTA subway is still down about 61%, Bus Service is down 50%.
Metro North is down 70%
LIRR is down 70%.
WFH is going to be a battle as the government and companies force people back into NYC offices. Without it they gravy train ends for many, never mind people working from home is way greener when it comes to co2 emissions entering our atmosphere. We cannot be talking about that right, so get back to your cubicle already!!!
Yes lib, that is the crux of the situation. A good number of Palestinians do not believe there should be a State of Israel, this is the core of the issue. As for the West Bank and Gaza, they tried to invade, a loss of territory makes perfect sense, that is how this game has been played through out human existence, you lose a war and are forced to cede territory. There has never been a Palestinian State, basically the territory has been under foreign dominion since 720BC, so basically the region goes from being the Kingdom of Israel/Judah into foreign hands(Assyrians,Babylonians, Persians, Greeks, Romans, Byzantines,Muslims,European Crusaders, Ottoman Turks, and finally the British) until 1948. So for almost 2000 years there was no independent state there, the UN and the Balfour declaration tried to strike a fair compromise but the Palestinians would not accept it, they deserve to lose their homeland, it is a problem of their own making and they continue to move away from peace.
What I can’t understand is why the majority of Jewish folks vote democrat and the democrats are anti-Israel. Can’t wait to read this explanation.
Essex,
Perhaps this was partially tongue-in-cheek, but don’t your comments invoke or allude to negative stereotypes and anti-Semitic tropes?
Ez says:
May 20, 2021 at 1:50 am
There’s no cutting off Israel as long as American Jews have anything
to say about it. And they do.
Ez says:
May 20, 2021 at 1:51 am
And please don’t expect most Jews to be objective about Israel.
It’s the homeland and most of us love it dearly
What I can’t understand is why the majority of white working class folks vote “traitor party” and the “traitor party” are authoritarian anti-working class that will be the first to line them up in front of putin’s firing squad just for asking for unemployment benefits?.
“…the “traitor party” are authoritarian anti-working class that will be the first to line them up in front of putin’s firing squad…”
Nawww, history has shown repeatedly the Left opens the door and the authoritarian parties finish it off by lining the lefties up for good-byes…..kind of taste-of-own-medicine, ultimate irony sort of thing….
keep collecting all that data, will be useful in the future….
Dems are anti-Israel, though the ultra progressive few are. Though I firmly believe (and it has absolutely nothing to do with the Jewish religion) we provide support to Israel for access to Mossad.
The game of who treats Israel better is really a complete fallacy. Jews make up less than 2% of the population in America. Either Indians or Chinese will surpass Jews in number in the coming years. Outside of a few northeast states and towns, the Jewish vote really doesn’t matter that much. And lot’s of Jews in America are not hell bent on Zionism.
The truth is, it wasn’t right for the world to give the Zionists Israel, but anyone of any religion can live peacefully in Israel if they choose to do so. The fundamentalists on both sides, whose numbers are quite small, ruin it for everyone. This is where my hatred of religion stems from.
And Christians are no better with their ministries of conversion.
That’s pretty sweet… handing people endless checks to stay home and m.asturbate. And opposition is considered either rac1st or uncompassionate. And while the fake democrats were busy whipping up fake dossiers, collusion allegations, doctored warrants and false media presentations, the Republican party has become the party o the working class. Democrats are anti-American, through and through. They despise what classical America stands for because their ideology is counter to what built this country.
Keep believing that Gary.
Trump was a compulsive liar. That is the MO of all populists. They keep repeating lies until morons believe the lies are real.
https://on.ft.com/343EyBz
This is the first president that does not belong to a church.
Keep on believing the lies.
Junkie Eddie,
You appear to be home and mast7rbating all day long next to the pumpkin.
I bet you right now you are watching Roots. The scene were the Star Trek guy is getting whipped. And every time he says Kumtakimte you spluge up you fluids
Poll: On a typical 8-hour workday, how many hours are you actually doing work?
https://twitter.com/rampcapitalllc/status/1395395761538584585?s=21
“President Biden’s jokes fell flat at the US Coast Guard Academy’s graduation ceremony Wednesday leading him to call the grads a “dull class” while boasting of his own college exploits including a fire-extinguisher assault on his dorm’s RA.
Biden attempted to earn laughs at the expense of the US Navy, and like a bad stand-up whose set is dying, when the cadets didn’t respond, he turned on them.
“I can only assume that you will enjoy educating your family about how the Coast Guard is quote, ‘the hard nucleus around [which] the Navy forms in times of war,’” Biden said, to crickets, at the outdoor event in New London, Conn.
Biden then jeered his crowd: “You are a — you are a really dull class. I mean, come on, man, is the sun getting to you? I would think you would have an opportunity when I say that about the Navy to clap.”
That jab earned nervous laughter from the cadets and a smattering of applause.
At two other points, Biden actually requested applause from the crowd.
“You can clap, come on, man,” Biden said when he joked about cadets spending “too much time at the Slice,” a local pizza parlor.
He again encouraged the crowd to clap when he praised the academy’s Bravo Company for winning a football game against a rival set of cadets.
“Congratulations the Bravo Company, by the way, on your victory. You can clap. It’s okay. Even if you’re lost, you gotta clap,” Biden said.
Chgo : I believe they will look beyond the May job numbers, embedded inflation is more of a concern or at least it should be.
The world is snickering not only over the fact that we crowned this dunce as president but even more so over the fact that the left rigged an election to do so. What an embarrassment.
Chi and Fast,
Where does this fit in the narrative?
https://nypost.com/2021/05/20/sanders-copies-aoc-with-resolution-to-block-israel-arms-sale/
Israeli and Jewish population numbers are about equal right, including West Bank. However, Palestinians have higher birth rate, as opposed to secular Israelis. If the Palestinians ever out number the Jewish population then it will become even more of an issue.
Juice 3 or 4 cars everyday in the train parking lot, ain’t nobody going back ! And a stabbing/ slashing, assault every day now on the NYC subway, good luck trying tofor e people back.
The radical left has shown throughout recent history, that they have no problem slaughtering millions, and putting people in re-education camps.
Uncle Tom Jew
Fabius Maximus says:
May 20, 2021 at 1:38 pm
Chi and Fast,
Where does this fit in the narrative?
https://nypost.com/2021/05/20/sanders-copies-aoc-with-resolution-to-block-israel-arms-sale/
No one outdoes the Hasids…
3b says:
May 20, 2021 at 1:40 pm
Israeli and Jewish population numbers are about equal right, including West Bank. However, Palestinians have higher birth rate, as opposed to secular Israelis. If the Palestinians ever out number the Jewish population then it will become even more of an issue.
Absolutely Stu, we depend heavily on Israel for intelligence gathering in the region, they operate the only state in the region that is amenable to US style governance, yes we deal with the Saudis but their “Kingdom” is a very messed up place, the majority of the region does not share our western values. Turkey was more secular but with the rise of Ergodan and the Muslim hardliners it is no longer the modern nation Attaturk envisioned. Jewish influence on policy has nothing to do with voters and everything to do with money and influence. You have many influential people who are Jewish, people you have never even heard of but they are big financial supporters of a good many politicians.
I view religion differently than you, it is like alcohol, good in moderation but dangerous once people get to the zealotry level. At some level there are positive aspects in religion, shared values, traditions, a belief in community, the family unit, and some moral guard rails. Once you get to fundamentalism in any religion it becomes tribalism, we are right, they are wrong and we are better than them and that goes for all religions from Jew to Christian to Muslim to Hindu.
As for giving “Israel” to the Zionists, the original inhabitants were essentially expelled and were the last independent group to have held the territory. Almost all Muslim territory was stolen, the entirety of Mediterranean Turkey is Greece and the “Turks” living there largely look Greek because they are. Istanbul(Constantinople, Lygos in the 13th century, and Byzantion in the 7th century BC) was a Greek city for something like 2000 years and still is the capital of their church to this day. The terms of engagement were set by the Muslims, what has happened fits with the rules they have played by.
Chgo: Hasids are not the answer if Israel wants to continue as a viable state.
The Christians and Jews have pretty much been eliminated from the Middle East, with the exception of Israel.
I have a friend of mine whose parents are Syrian Jews. They are pushing him to get married, but they want her to be a Syrian Jew, specifically from Aleppo. He always jokes how difficult that is since the last one left Aleppo in 1957.
3b, at the tip of a sword. These people have practically been expelled. Jews and Christians in the middle east are among the most persecuted people in the world. We know some people who are Coptic and the situation in Egypt for these people is very bad, the media doesn’t report what is going on there. The “Jewish” state is one of the few countries in the region that isn’t a theocratic state, Israeli Christians are largely upper middle class and are the most educated group of the citizenry in Israel.
I wouldn’t pin my hope on the Hasids/Ultra Orthodox, they are like the Alabama/West Virginia wing of the Jewish people. If they get too big of a population WW3 is the most likely outcome, they want a Theocracy.
Jcer: The truth may make some people uncomfortable, but it is the truth. As for the Hasids, many of them don’t recognize the state of Israel, and have higher rates of unemployment.
1:36 you sound unhappy. Here have a red hat.
Daily Mail firing on all eight cylinders today.
Not going to link.
Mayor of Rochester has some explaining to do!
Phoenix, don’t tell Gov. Murphy but none of the people attending that indoor ceremony were wearing masks at the White House today..
3b – two kilos that is for personal consumption right?
More bad news for the Crypto Hucksters today. Uncle Biden wants his cut….How exactly will the IRS get offshore crypto exchanges to report their US customer transactions of $10,ooo or more? Will they just ask nicely? Coinbase tried to fight the IRS subpoena but they relented and turned in their US based customers, the figured that their IPO was more important for sure than sticking it to the man with crypto democracy. There is no way the IRS is going to get the other exchanges to cooperate unless they squeeze the governments of the Cayman Islands and Seychelles Islands to cooperate as well as the foreign banks. Perhaps Uncle Joe can send a few fly overs with the B-2 Bomber, Diego Garcia just happens to be near the Seychelles….
Juice: Of course! And the guns are for protection!!
Anyone feel like Israel may faring worse in the PR battle in the US during this most-recent conflict?
In 2014, about 2,000 Palestinians were killed in the last large-scale conflict before the current round. At that time, I think something like AOC’s 2021 comments (tweets like “apartheid states are not democracies” etc) would have been huge news. Did Bibi open this can of worms by embracing Trump so closely?
In the 7 years from 2014 to 2021, I imagine that smart phone ownership is way up in Gaza, for example, so there are a lot more cameras to catch the footage if an apartment building is leveled. And, of course, dramatically more social media distribution for that.
WFH and the environment . . .
On climate, I strongly reject the idea that an individual (as in, one consumer) should make decisions for environmental reasons. The onus of climate change and environmental legislation and thoughtspace should be on massive corporations – the government should mandate vehicle makers produce fleets with higher mpg or whatever long before the garbage man won’t take my garbage because something in there rattled.
But, where are the greens touting WFH? Not just the savings of CO2 from transportation, but on single use plastic. 99% of lunches I’ve ever eaten outside of my home during work days has been eaten with a plastic fork. The only exception is if a boss is taking us to lunch at a sitdown restaurant – otherwise, whether I pack a lunch or buy one, I use a plastic fork. 100% of lunches I eat while working from home are eaten with a metal fork that gets washed. Single use plastics is a huge environmental issue.
I’m impressed by the knowledge so many here have of the conflict in Israel. Just about all of what has been shared here is dead on. As you all know, my Jewish indoctrination has turned me into an organized religion hater. Though I don’t have issues with those seeking faith and have the utmost respect for those who are truly devout. There are very, very, few living among us.
Yesterday, my gang of friends from our college days lost our first member to cancer. He got Covid during his chemo and never really recovered from it. I’m odd about death. I don’t dwell on it. Probably because I don’t think we are more valuable to our world than a moth or an earthworm in the grand scheme of things. Nonetheless, it’s quite a shock to our group of around twenty. Especially considering that we are having our first poker game since last Summer (we were all masked in the deceased backyard except for two who both ended up getting it and were the only two among our group too, but I don’t want to get back into that issue again) and this dude was a terrible poker player, but the luckiest card player alive. I think he got 4 of kind in hold’em twice in one night. Just said to see a 52 year older get taken so young. The only good thing, is that he was a lawyer.
Back to Israel. The Squad, as the media calls them, IMO, will end up on the right side of history. Though modern politics still believes in an eye for eye. It never solves anything. It doesn’t work as a deterrent, nor does it help to bring about any compromise.
As to, “Did Bibi open this can of worms by embracing Trump so closely?” I would say absolutely. The bully prime minister usually wins in Israel because Jews have always been the whipping boys in history. Until things escalate to near war, when the peace lover gets elected since the people get sick of the rockets. The press tends to report it the other way over here, but the truth is, most Jews are progressive. Not the zealots, but your run of the mill modern orthodox down. Which I always find strange, as most of the zealots over here collect from the government dole while working off the books and studying the torah. The wives who do work tend to work in the public sector, mainly in very left wing supported programs such as social work.
I have committed to staying out of the Israeli/Palestinian situation. There is no solution to it. Which is why I think the Squad is right. Though they should be condoning the rocket fire as well.
Condemning Oy. That whole post was a mess. Feel free to skip it. Can’t multi-task.
Lib: The Squad are hypocrites, as is much of the radical left. There is much to criticize in the Islamic world, and their treaty of women and minority but they remain silent. Buts let’s get them Jews with all the money, it’s always their fault. Hamas offers their people nothing but misery, they know Israel will retaliate when they start launching rockets. It’s a tit for tat situation and the innocents on all sides pay the price. Israel is making a fatal mistake holding on to the West Bank in my opinion. There was a time when a two state solution would have worked back in the 90, s but it’s past that now. Perhaps some kind of confederation between Israelis and Palestinians, I don’t know, but the two state solution is dead, and you can’t have a Jewish homeland just for Jews when half your population are Palestinian Muslims.
Fast Eddie says:
May 20, 2021 at 12:19 pm
Eddie, for some, voting D is just habit (can also say the same for R), parents and grandparents voted D, so they do. But that is only some of the D voters. Historically, the D party represented the working class and the outsider / oppressed. Don’t take this as 100% of the time but it explains a portion of it. In this country’s industrial heyday, the R’s tending to be execs, business leaders and white collar professionals, again, not 100% of the time but much of it.
The support of the D party in years past was to support the little guy, the disenfranchised and / or minority population. Many American Jews related to this, try to envision what this country was like in the 20s, 30s, 40s… and how it evolved and how ones lot in life was if one were a minority in those times. Things change, pendulums swing (sometimes too much, sometimes not enough).
Things change. Today, more members of each party at extreme levels. More people whipped up by social media too. How many people really understand all the issues, I read a lot and I certainly don’t. I would bet if you put people in a room and started to talk about a lot of this stuff and put real info up on a whiteboard, many would be surprised.
Plus, we all view this stuff from our own perspective. I believe you are in your early 30s, so your frame of reference is not the same as someone who was born 10, 20 or 30+ years before you.
Lastly, D or R, they vary around the country. A middle of the road D or R in the tri-state wont be the same as one from Texas, flyover or the west coast, at least in my opinion. The pompous D from around here (egos in general I have observed bigger here vs flyover) is very different than the D from the heartland and the R from up here may believe they are self-reliant but not nearly as much as an R who is a cattle rancher from say Wyoming or Texas.
Again, none fo this stuff is absolute, more shades of gray. Within each party, you have your extreme players. Imagine if there was some way to calculate the conservativeness of the Rs and the liberalness of the Ds, an average. Then pull out the extremists from each party and recalculate the number. You get the idea. A few can skew data.
Side note – what is your opinion of Liz Cheney? Do you see her as a traitor to the party, do you admire her for her willingness to stand up for what she believes in (not that you agree with her, but do you respect her courage?).
Breaking News:
Egypt Brokers a Peace Agreement; Biden Front Runs a Press Conference to Take Credit.
So, Egypt does the hard work and Joe grabs a podium breaking into regular programming to announce it and “thank everyone involved”…?
Kind of like the backup quarterback thanking the team for “making it happen” when they win the Super Bowl….
I haven’t seen this level of deal glom since the last $50m fee came through my office…one team did the transaction, yet somehow eight other MDs put it on their year end deal sheets lol.
Typical liberal, let others do the work and you take credit. I guess I should be thankful though for my ability to express my opinion on the gore.net…….
“Side note – what is your opinion of Liz Cheney? Do you see her as a traitor to the party, do you admire her for her willingness to stand up for what she believes in…”
Interesting that you frame the question that way given the argument that precedes it….
Not breaking your balls at all, your piece was well written…so just pointing out that the question on Cheney is framed with extreme choices in an otherwise thoughtful piece on the relativeness of each position…..traitor is a pretty hot button word….
Wasn’t directed at me but my thought on Cheney…..the issue I have with her starts less with her position than with that larger context….the congressmen who voted not to certify the election were not ‘traitors’, they were exercising a right granted under the Constitution…on the other side of the Republican spectrum Cheney likewise is not a traitor….and neither of them were heroes……
Cheney being voted out was very simple and expected…she was one of a small minority holding a high profile position….You can’t lead the other 80+% when they have opposing views….no animosity, no emotion…..it just ‘is’…..
Probably best said as quoted from Politico:
Veteran GOP Rep. Virginia Foxx of North Carolina introduced the formal resolution to boot Cheney during Wednesday’s closed-door meeting. “The old saying for leaders is, if no one is following you, you are only taking a walk. You, Liz, are only taking a walk…”
6:15 eye roll
SX, you’re right, I was a little over the top there.
At least I didn’t mention Biden taking credit for accomplishing his goal of a million shots a day of the vaccine, when we were already over that run rate when he took office….
Let’s give him a gold star for the fridge for that one, too, while we’re at it……
Honestly, I feel badly for him…he’s just a feeble old man and I think that truth is starting to dawn on him.
Liz made a calculated decision. She will not win the nomination in 2024. But she’ll run representing the old (sane) school. Splitting the vote and party until they come to their senses.
All IMO, but I think you’ll soon find out that your opinion Leftwing makes sense (policy over persona). But the party itself was applauding the Apprentice and not his policies.
“But the party itself was applauding the Apprentice and not his policies.”
I’ll agree and go you one further…the Parties (both of them) will applaud whoever brings home the bacon….sexual cretins, their vapid wife, carnival reality show barkers, homophobes, racists, communists, feeble old men, liars, thieves….all welcome if you bring the votes.
Here’s the other thing Leftwing. Trump made an unbelievably big deal about unemployment, manufacturing, and each new stock market high. But did he do that much better than the Obama? Not really! He moved the needle a sliver and wanted to throw a parade for it. This is how populism works. Make grand statements and ignore the truth.
For example, anyone with a pulse would have done an operation warp speed. Someone who cared more about helping and less about getting reelected might have listened to the experts and started operation warp speed in January or February like South Korea did with their manufacturing of enough test kits for everyone in their country to be tested. Pfizer and AstroZeneca didn’t even participate in it yet a vaccine was found. But according to Trump, all that matters is that HIS operation warp speed found the cure. Never mind tha complete failure of all of his false hope cochameny magic mixtures.
And yes, the Dems put on a similar show. But you won’t find me buying tickets for it.
And you want another example of political theater? Bibi and Trump moving the American embassy to Jerusalem. Both needed the attention at the 11th hour. The only impact? To piss off the Muslims and make both look tough. This is Trumps diplomacy. Like gassing protesters for the church photoop. All bully, all of the time.
Double it
Nomad says:
May 20, 2021 at 6:12 pm
Fast Eddie says:
Eddie. I believe you are in your early 30s,
The people who mint coins — The Creator — pay guys like Heman anywhere from $5,000 to $10,000 to plug their crypto. Shameless promotion is a hallmark of the Shit Coin hype cycle: Mint and promote, get in and get out — preferably ahead of all the people who just ran for the hills. At times this might seems like a good old-fashioned pump-and-dump in penny stocks. In the crypto trade, the maneuver is known as a “rug pull.’’
https://www.bloomberg.com/news/features/2021-05-20/crypto-market-prices-ass-coin-superdoge-billionaires-prosper-and-fall?cmpid=socialflow-facebook-business&utm_medium=social&utm_content=business&utm_source=facebook&utm_campaign=socialflow-organic&fbclid=IwAR1W0WwN9MewuWe9FDBvJPzhiukNO-7Vb0jDP2OsNabVtLTmoH1asK8n-no
What that article leaves out…that dude could never unload his position for that much money. No way, no how. He is worth paper money.
7:23 he’s got a hot wife and a corvette he doesn’t need your pity.
Watch for Trump’s perp walk soooon.
Gotta love the market…learn how to play it.
“The wild swings of the hand sanitizer market: Last year, people were so desperate to get hand sanitizer that distilleries started making it. Now stores are having a hard time getting rid of it.”
https://twitter.com/wsj/status/1395529873423228934?s=21
Your welcome. I hope I helped others not get priced out.
“Real-Estate Frenzy Overwhelms Small-Town America: ‘I Came Home Crying’
Buyers far from big cities lose out to investors and deep-pocket rivals in places where properties until a year ago offered affordable entry to the middle class”
https://www.wsj.com/articles/real-estate-frenzy-overwhelms-small-town-america-i-came-home-crying-11621511972
notapumpsupporter says:
May 20, 2021 at 11:11 am
Thank god I believed in pump and bought some RE. if I had listened to these losers from Connecticut and some nay sayers, I would be ending homeless for next 10 years renting licking my wounds.
Also those who think they can sit home and WFH for the next 20+ years and take an afternoon nap, just wait for that email to come back into office by Sep worse case.. Policy emails started already
You did the hard part, buying when it wasn’t easy, when everyone was screaming it’s a bad move. Good job.
Yup.
“All Ark ETFs, QQQ, VTI, VT, most Vanguard ETFs in general, I love all ETFs to be honest because I strongly believe in long term investing.”
https://twitter.com/themarketspark/status/1395545885325631488?s=21
Where is Flab’s celebration?
Pro-Palestinian mob reportedly attacks Jewish patrons at restaurant
I disagree. Trump is an absolute conundrum. Vile, petulant, petty, unsettling, discordant, tedious, predictable…… however, no Middle East trouble on his watch and he absolutely unleashed the economy despite the methods and how it looks. He is a train wreck worthy of a Rex Ryan coached NFL team, when Rex had the talent to deliver. Except Rex is awesome.
You can’t argue with Trump’s pre-COVID economic effectiveness. It sickens me to say it.
Libturd says:
May 20, 2021 at 7:37 pm
Here’s the other thing Leftwing. Trump made an unbelievably big deal about unemployment, manufacturing, and each new stock market high. But did he do that much better than the Obama? Not really! He moved the needle a sliver and wanted to throw a parade for it. This is how populism works. Make grand statements and ignore the truth.
also Peter Navarro was right….. also sickening…..
Prediction: this will get a lot of hate mail. The cult must not be mocked
https://twitter.com/paulkrugman/status/1395541758197567490?s=21
Trump absolutely threw gasoline on a coming economic fire. Too bad he couldn’t get out of his own way and just stfu.
Raytheon Technologies plans to reduce its 32 million square feet of office space substantially as the company standardizes remote work options.
“What this pandemic has shown us in all honestly is that, you know, you can be productive in varying work environments,” CEO Greg Hayes told CNBC’s Jim Cramer.
I would hate to have a wife with a job in commercial real estate..
Actually you can argue it Chi. Show us those massive GDP numbers, the great $4t repatriation of money from offshore and that it did not add trillions to debt. I guess the multi-millionaries really loved his cut, if that is who you mean. Even Obama had a superior stock market performance.
My wife graduated from a top of the line school. You think she is tied to a company? Are you saying she has no talent?
You sound like that clown 3b..
Aka they want to cut costs and this is an excuse. Seems like they are losing market share like your company. They sure as hell are not competing if they are reducing space and hiding behind “WFH” excuse.
Bystander says:
May 20, 2021 at 9:25 pm
Raytheon Technologies plans to reduce its 32 million square feet of office space substantially as the company standardizes remote work options.
“What this pandemic has shown us in all honestly is that, you know, you can be productive in varying work environments,” CEO Greg Hayes told CNBC’s Jim Cramer.
I would hate to have a wife with a job in commercial real estate..
Bystander:That didn’t take long!!
Like your boy lefty pointed out…signing up for your job to be remote is the stupidest move you can do to sabotage your future career. That tells the company anyone can do this from anywhere. Aka YOU ARE F’Ed BEYOND BELIEF WHEN THIS COMPANY LOOKS FOR COST SAVINGS. You are f’ed and you willingly signed up for it.
Night meds need to be adjusted.
I’m glad virtual school failed…job protection.
3b, go pay your rent as you fantasize about a housing crash that might make you a homeowner.
3b,
He is precious when he tries to discuss how private sector works. I just want to tickle him under his chin…googly gooo. Cathie f-ed him hard, wife’s job on ropes..ouch
Mortgage Rates vs. Housing Supply: I do a daily search on Zillow and Trulia in the North Jersey area from Bergen to Warren County, just to see what’s listed and the price ranges. Even out route 80 towards Hackettstown, etc. seems to be limited and also reflects the price increases in the last year or better. I’m not sure if it’s better to lock in to a rock bottom interest rate or to have rates come up and prices drop? What leaves us at a disadvantage here is the insane property taxes. I guess it just truly depends on the “What am I paying per month” figure. Personally, I tend to look at price as the deciding factor because that’s where you can get burned. If I buy at these current prices, what happens in 5 or 7 years from now if I want to sell? Not rocket science here, just a thought.
“[Biden’s] got a hot wife and a corvette he doesn’t need your pity.”
Think you forgot the “lol” and /s there…or at least your eyeglasses.
I’m glad virtual school failed…job protection.
So passionate about the success of your students.
Bystander: Yes, his expertise on corporate America and its employees is unparalleled. He should be conducting presentations and writing books on the topics. He takes charge of every conversation with his signature line Understand this!! And he went to a top of the line college too!
Pumps I pay my rent once a year, so did that already. My other place which I own is paid for May retire there.
Gary, I don’t profess to have all the answers but….
A house is first and foremost a home, you buy one when your family situation dictates. The potential financial return really shouldn’t be a top factor, if you want to speculate you probably couldn’t pick a worse asset than your primary residence. Generally, you should be alright on (nominal) prices provided you are buying in a not undesirable area and have a timeframe of ten years. Basically, don’t buy the shack in the woods at topping prices and bottoming rates at the end of a long economic expansion…
We can calculate rate sensitivity, right?…on a $750k mortgage moving the rate from 3% to 5% increases the monthly by about $900. Or, to keep the same monthly the mortgage can go from $750k to $590k, a drop of $160k. With a family income of at least $250k there is a little bit of room to maneuver between those goalposts….
Personally, I feel rate sensitivity will have a much less pronounced effect on prices this time around…I don’t believe rising rates will be paired with a Fed induced recession and the credit standards now are so much higher….
I think the much bigger risk, by far, is when supply comes back and demand normalizes….any analysis of the housing market right now – hell, any market – is entirely obscured by two massive outlier events…the Fed’s fingerprints all over the economy and the pandemic. Both events are on the far end of the normal distribution curve…combined, we couldn’t be further removed from ‘normal’ conditions, so trying to evaluate housing decisions through a ‘normal’ lens is nearly impossible….
You can only trade the market in front of you….not yesterday’s market, not tomorrow’s market.
I’m only down 15% if I was forced to sell now. That’s the beauty of dollar cost avg and not buying all at once. Every purchase this year has been giving me a better avg purchase price on the long term side.
Prob has no chance in hell, but maybe I will get lucky and her fund stays down for the rest of the year as I purchase the dip.
Bystander says:
May 20, 2021 at 10:46 pm
3b,
He is precious when he tries to discuss how private sector works. I just want to tickle him under his chin…googly gooo. Cathie f-ed him hard, wife’s job on ropes..ouch
Fast: A friend who is a former realtor and was always rah rah real estate is advising her children not to buy at these levels, that means nothing of course, but interesting considering she was a cheerleader for real estate for years. She told me her neighbor who is a full time realtor said it’s absolute madness and he has seen nothing like it in all his years doing it. Said a lot of young people will never see the money they are paying up for on these crap houses. He had 58 offers on a POS cape at an open house on Mother’s Day.
Anyone thinking they are buying the top right now is a fool.
Also, don’t play the real estate market short term, you will get burned. It’s a long term game. Higher highs, and higher lows. You will never see 2019 prices again. It’s a new cycle.
“You can only trade the market in front of you….not yesterday’s market, not tomorrow’s market.”
Chi,
Here is a pretty unbiased review of Trump versus Obama (both their last three years, pre covid, which is more than fair).
https://money.com/trump-vs-obama-economy/
The truth is, his tax plan inflated the stock market at the cost of inflating the deficit tremendously. We all know what happens when you give rich people and corporations a tax cut by borrowing money. Rich people invest more and corporations buy back stock juicing earnings. But did earnings really increase? Or were there just less shares available? What I am essentially saying, is that it was a gimmick which mainly benefitted the rich.
Same with his jobs claims. The gig economy created all kinds of low paying jobs. He did not create this. He simply benefitted by the explosion of them. Instacart? Uber? Door Dash?
“They sure as hell are not competing if they are reducing space”
That’s so funny, since the exact opposite is true. Routinely identifying cost savings is precisely what competitive businesses do. Next we will be told that only mismanaged companies lobby the government for favorable laws and regulations.
Nothing more frustrating than dealing with people who are confidently incorrect.
3b – let me guess those 58 bidders don’t want to escape from NYC? It’s all natural growth as the millennials form families and naturally want to live in a POS Cape built in 1948. It has nothing to do with quality of life in NYC and everything to do with location, location, location…
Here is a nice cape in your town, has the classic rustic 1960s look. Hey you can even park you car where the family room should be.
Hurry up and make an offer….
https://www.zillow.com/homedetails/485-The-Fenway-River-Edge-NJ-07661/52909298_zpid/
There are a bunch of these in River Edge, sold for 800k+
It’s funny how most people don’t understand how it works.
Blood in the streets..
That’s ark this year. This is when you should be buying and creating a long term position. The company’s she is invested in are not just some fake companies used to pump. They are disruptive companies that are growing quickly.
Blood in the streets..
Last decade when it looked like housing was a bad buy was when you should have been buying. You had limited competition, and with people thinking real estate was going to bust, you get good prices. Now, well, you have a lot more competition.
Oh really. That’s why FAANG companies have all been increasing their space? Why is that? Oh right, they are growing…
When companies start resorting to saving money by cutting space, it’s not a good sign. It means they can’t increase their growth on innovation alone, so now have to start penny pinching to make the bottom line work.
Anon says:
May 21, 2021 at 8:57 am
“They sure as hell are not competing if they are reducing space”
That’s so funny, since the exact opposite is true. Routinely identifying cost savings is precisely what competitive businesses do.
Montclair prices are off the hook. I’m not making it an official call, but we must be nearing a long term top in real estate. Places listing for 899K are going for 1.3M and 1.4M. These are not outliers. These are happening every month. Housing prices move like an oil tanker. It’s been about ten years since trough. I don’t expect a housing bubble bust going forward. But I do expect the acceleration to slow and perhaps lose value versus inflation. We’ll see.
I think people are getting lulled into this ‘hey, it’s not 1 yr ARM/NINJA loans’ narrative by real estate. I don’t doubt that there are lots of younger folks with jobs and some downpayment, trying to take advantage of 2.8% 30 year. That won’t change fact that overpaying by 150K will have serious problems in the future when they try to sell in 3-4 years. Loss of income by coming depression and it won’t matter about credit quality. They will be exposed and jinge mail will return.
This is as indefensible as it is nauseating…….
Where is the reporting on THIS?
Ol’ Jim Eastland must be smiling. The white segregationist Senator from Mississippi until 1978 has a surprising imitator in Chicago Mayor Lori Lightfoot, who said this week she will no longer do interviews with reporters who are white.
This was no rhetorical slip. Ms. Lightfoot, who is black, said in a two-page written statement that from now on “I will be exclusively providing one-on-one interviews with journalists of color.” She justified her decision as a response to “the overwhelming whiteness and maleness of Chicago media outlets, editorial boards, the political press corps, and yes, the City Hall press corps specifically.”
She suggested that whatever negative coverage she receives stems from racial bias. “For the past two years, more often than not, we have debated internally, then chosen to say nothing, to let it go, lest we be accused of whining about negative coverage or of ‘playing the race card,’” Ms. Lightfoot wrote.
“And the truth is, it is too heavy a burden to bear, on top of all the other massive challenges our city faces in this moment, to also have to take on the labor of educating white, mostly male members of the news media about the perils and complexities of implicit bias.” So like the racists of the Jim Crow South, the mayor will now judge journalists solely by the color of their skin.
This should be shocking, but the surprise is how little criticism her statement has received. Perhaps it’s simply taboo these days to criticize a black politician who invokes race as a sword and shield.
So credit to Gregory Pratt, a self-described Latino reporter at the Chicago Tribune, for publicly opposing Ms. Lightfoot’s policy. He protested by cancelling a scheduled interview with the mayor and explained on Twitter that “politicians don’t get to choose who covers them.”
Politicians do often use access as a weapon to favor, or punish, reporters based on their coverage. Yet Ms. Lightfoot’s explicit use of race as a reason for her discriminatory policy may violate the Fourteenth Amendment’s Equal Protection Clause. She used government resources to issue her announcement, and she does the same when conducting interviews in an official capacity. Similar lawsuits are pending over the growing number of government grant programs that exclude on the basis of race.
It’s tempting to dismiss Mayor Lightfoot’s overt racism as the act of a foolish local politician. But it’s also a sign of the times. Led by the political left, including the current U.S. President’s elevation of “equity” over equal opportunity, America is again dividing itself by race. It is hard to imagine a more dangerous trend for social comity and democratic consent, and if Ms. Lightfoot’s racist media policy is a guide, it promises to get worse.
The ugliness of you is that you continue to post here.
The Great Pumpkin says:
May 21, 2021 at 8:42 am
I’m only down 15% if I was forced to sell now. That’s the beauty of dollar cost avg and not buying all at once.
3B – drive by and tell me there is now a 6,000 sq ft McMansion here.
How did 186 Zabriskie Pl, River Edge, NJ 07661 sell for 1.2 Million?
Tax records say it was sold for $445k to a developer recently did they turn it around already and sell it for 1.2 million?
https://www.zillow.com/homedetails/186-Zabriskie-Pl-River-Edge-NJ-07661/38017628_zpid/
WTF are you talking about? There is a moratorium on foreclosures and evictions. There is liquidity being spewed on anything that moves, fogs a mirror, or has access to a keyboard, web browser and internet access.
The Great Pumpkin says:
May 21, 2021 at 8:55 am
You will never see 2019 prices again. It’s a new cycle.
Governor want’s the power to extend the eviction ban too as it’s an election year.
Sorry to tell you Pumps but your deadbeat tenant is going to continue to fleece you, as
the legislature is going to extend the powers of the Governor.
“That’s why FAANG companies have all been increasing their space? Why is that? Oh right, they are growing…”
Everyone knows that FAANGs have increased office space in order to drive up the price of residential real estate in Wayne, NJ. Duh.
I don’t disagree with this analysis, but it also downplays the significant effect on small business, hiring within small business, and impact on the 25th to 50th percentiles of the population. It pains me to say it.
I will say that recalling 2016-2019, there was a good deal of clarity given to business leaders to commit to new projects while the specter of government stepping out of the way was confidence building.
Certainly the deficit was unacceptable.
Libturd says:
May 21, 2021 at 8:57 am
Chi,
Here is a pretty unbiased review of Trump versus Obama (both their last three years, pre covid, which is more than fair).
https://money.com/trump-vs-obama-economy/
The truth is, his tax plan inflated the stock market at the cost of inflating the deficit tremendously. We all know what happens when you give rich people and corporations a tax cut by borrowing money. Rich people invest more and corporations buy back stock juicing earnings. But did earnings really increase? Or were there just less shares available? What I am essentially saying, is that it was a gimmick which mainly benefitted the rich.
Same with his jobs claims. The gig economy created all kinds of low paying jobs. He did not create this. He simply benefitted by the explosion of them. Instacart? Uber? Door Dash?
Chi – re: “There is liquidity being spewed on anything that moves”
All that money sloshing around thanks to Uncle Fed….
There is a housing affordability problem again in Ireland, funds are going in and buy up entire neighborhoods, the government now wants to ban it, their housing is now the second most unaffordable in Europe next to Switzerland.
Funds are buying up developments and then renting the homes back to people on the dole, the government is paying that rent!!!
From their local press.
“The Government will move to block investment funds from buying up entire housing estates, according to senior figures involved in the process.
Discussions are continuing within Government as to how best to implement the policy, but senior Coalition sources confirmed that the move had been agreed between the parties.
The decision comes after fierce Opposition criticism of the Government on the housing issue, following reports that entire developments of family homes had been bought by investment funds, a trend that Opposition parties and housing campaigners said was squeezing families out of the housing market.”
https://www.irishtimes.com/news/politics/government-to-block-investment-funds-from-buying-up-housing-estates-1.4556502
Stu: do you remember “you didn’t build that” ? When Obama went away, so did that style of hubris from government…. it was confidence inducing to decisionmakers….
Adolph would be proud of Murphy who is taking advantage of single party rule to remain in perpetual emergency state and retain a stranglehold over the state. No mention anywhere of a challenge to his authority. Several states have already curbed gubernatorial health “emergency” powers. The divide between free states and nanny states has never been greater, and I just can’t think of a bigger pos than this guy. He has no respect at all for liberty.
Juice: I will take a drive by later, but that area was full of 1950s ranches that have been torn down and replaced by Mc Mansions. Every piece of crap that you can find is being sold here, either tear down, or buy and do a quick make over and then flip. Feel bad for these young millennial fools.
Record low unemployment and a massive jump in disposable income are trumps economic talking points. Obama did neither.
Good insight all on the current state of housing. It’s definitely not a time to buy but we’ve seen this scenario before. That period from around 2001 to 2008 was nauseating and this cycle seems to top that one. Not that I’m looking to sell but my eyes pop at the estimate on my house in Trulia and Zillow. It’ll be interesting to see how this plays out.
Libturd,
I read this morning that Buzz Aldrin was born in Glen Ridge, NJ. ;)
Morning cup of coffee…..
https://youtu.be/znI046F4FKg?t=226
Anyone know when Nobel nominations are announced? He’s definitely not a shoo-in like Oblama was, given all of his accomplishments, but I think Joe has a really good shot for having brought peace to the middle east. In fact, I think he’ll lock it up as long as he doesn’t try to secure the border and is able to continue importing tens of thousands of illegals/faux refugees each month. Go Joe!
“…a full time realtor said it’s absolute madness and he has seen nothing like it in all his years doing it. Said a lot of young people will never see the money they are paying up for on these crap houses.”
Eventually, most assets except the most marginal ones will recover nominal prices given a long enough time frame….that analysis is of course the province of fools (uh-uhm) as it ignores opportunity cost and inflation….But the bag holders will declare victory nonetheless….
“Buzz Aldrin was born in Glen Ridge, NJ. ;)”
Yeah, he must not have gone to the public schools.
Chi, I agree with you. Obama was no angel nor a great president. Though, I don’t think he will go down in the record books as a bad one. In the modern era, I would rank him up there with the first Bush. Definitely not Clinton/Reagan stature. Definitely not Nixon/Carter/Trump embarrassment.
“Here is a nice cape in your town, has the classic rustic 1960s look. Hey you can even park you car where the family room should be…There are a bunch of these in River Edge, sold for 800k+…”
yeah, that’s crazy….on my yardstick of “buy something you would be comfortable in for a decade” that definitely wouldn’t pass….I don’t think I could spend an evening there….my garage footprint is damn near the same size as that house’s footprint…..
leftwing,
Like me and my multi. And we bought in a private sale in 2004. Biggest financial mistake we ever made. Had we just put our money in an index fund, we would have made triple (including the tax breaks the multi gets me) without an ounce of sweat equity. And believe me. That place makes me work.
Left: Many of the houses being sold, need massive renovations, roof, electrical, kitchens, bathrooms, etc. Where will the money come from to do these renovations. The WSJ had an article a few weeks ago stating that some people were using money they would have paid for their student loans as part of their down payments. What happens when the moratorium on payments ends. Student loan forgiveness I don’t think is going to be anything more than 10k. People out there with 50k and more in loans.
“How did 186 Zabriskie Pl, River Edge, NJ 07661 sell for 1.2 Million? Tax records say it was sold for $445k to a developer recently did they turn it around already and sell it for 1.2 million?”
Off architectural plans. All the rage in my area too, knockdowns sold before the backhoe even makes a pass through the exterior walls…..
And I bought 4 years earlier and knocked it out of the park.
Libturd says:
May 21, 2021 at 10:00 am
leftwing,
Like me and my multi. And we bought in a private sale in 2004. Biggest financial mistake we ever made. Had we just put our money in an index fund, we would have made triple (including the tax breaks the multi gets me) without an ounce of sweat equity. And believe me. That place makes me work.
Some bad takes going on with housing this morning. This is not like 2001-2007. It’s not.
You guys are reading the market all wrong…this is a huge demographic bloc (biggest by far in our population) coming to the market. There was never going to be enough supply. I told you this for how long… just keep ignoring me.
Anyone know when Nobel nominations are announced? He’s definitely not a shoo-in like Oblama was, given all of his accomplishments, but I think Joe has a really good shot for having brought peace to the middle east.
LOL. I was thinking the same.
“Every piece of crap that you can find is being sold here, either tear down, or buy and do a quick make over and then flip.”
“Many of the houses being sold, need massive renovations, roof, electrical, kitchens, bathrooms, etc. Where will the money come from to do these renovations.”
I shudder to think of the quality of materials and work….between the entire dearth of skilled contractors, the high cost of materials, and the need given the purchase prices to cut financial corners somewhere…..wow….
This week spoke with an engineering firm I’ve used in the past….want someone to look at a lot for coverages and slopes. Right in these guys’ wheelhouse, they know the town and codes better than the Township Engineer, surveys exist, no field work. Excellent return fees relative to work. Low effort.
Name principal I’ve known for nearly two decades said he’s incredibly busy but his shop can do it so long as I didn’t need it immediately. “Immediately” was any sooner than 60 days….
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Realize people are buying multiple properties. I own multiple as do many of you. There simply is not enough to go around. Please stop thinking it’s unaffordable for the entire market when purchases are being made with cash over the asking price.
Look at lib‘a description of Montclair. He might not think it’s worth it, but these people do. That’s why they are paying over the asking price.
Same thing with what 3b describes. It’s it obvious? His town is being gentrified.
Spillover is the story that they gave me.
NJ Legislative Dems are seeking to extend the eviction moratorium, the ban on insurance policy cancellation for non-payment, and the ban on utility shutoffs to Jan. 1, 2022. The article below links to the bill that passed an Assembly committee.
Current 7-day average of new, confirmed covid cases in NJ: 462/day (as of May 20, 2021)
Unemployment benefit from federal government: $300/week on top of state benefits through to early September 2021. Trillions in stimulus from the federal government and businesses are having trouble hiring employees at offered wages.
I’d argue that the overall US response to covid was disproportionate. If I am not mistaken, the federal government on the FISCAL SIDE ONLY has designated $4T of direct covid relief and stimulus. ($4T out of $28T total US federal debt means that 1/7th of all US federal debt is due to covid fiscal spending). I follow business news, but I can’t say offhand how much USD the fed has pumped into the world on the monetary side.
Extending any of this moratorium or “relief” stuff to 2022 is simply ludicrous. It’s scary to see the way the political leaders of NJ and nationally have cynically justified never-ending covid “emergency” powers and spending by pointing to a virus that has killed 0.2% of the population (I sincerely believe that each death is a tragedy but the only two people I’ve personally known in my life that died from it were literally over 90 years old).
https://www.nj.com/coronavirus/2021/05/what-powers-murphy-would-keep-and-lose-under-njs-new-plan-to-end-covid-emergency.html
Fast
Here’s how you can celebrate removing your face diaper in style
https://pagesix.com/2021/05/21/alex-rodriguez-launches-makeup-for-men-with-hims-hers/?_ga=2.172778784.2089791709.1621330866-84548975.1574989077
wanna here something funny///average price of $411k mentioned in the article won’t buy ANYTHING in coastal california. Most prices start about $650-700 wrap your brain around that one.
Is anybody taking advantage of not paying insurance premiums? For auto, home, and/or health insurance?
I’m probably too chicken to really try this, but it seems like one could (1) not pay premiums, (2) invoke Gov Murphy Executive Order so policy doesnt get canceled.
Then, if you have a claim, you pay your premium and collect your claim. If you do not have a claim, you don’t pay your premium and you just get a new insurance carrier later on. Although maybe you face the insurance company suing you one day for your unpaid premium for your Year 2020 insurance?
https://covid19.nj.gov/faqs/nj-information/assistance-and-benefits/what-happens-if-i-cant-pay-my-insurance-premiums
Beer,
A-Rod went from being A-Rod to taking… uh… you get the idea.
lol.
I wouldn’t F around with the insurance company. Probably safer not paying the property taxes.
So Malinowski was busted insider trading on covid. He was shorting as well. All the hoopla and phony selective outrage about loeffler, what team does she play for. and of course any of them who could do it did. And they are today I’m sure with different info. Biden stole from us for 50 years. We’re all being played and it’s really media who facilitate it.
Try hard not to laugh, but you won’t win.
https://videos.dailymail.co.uk/preview/mol/2021/05/21/5310131891955154044/636x382_MP4_5310131891955154044.mp4
Different link.
https://www.dailymail.co.uk/news/article-9605135/Ted-Cruz-tears-woke-emasculated-military-thats-turning-pansies.html#comments
Property taxes at 1:48 . . .
18% interest is still running against unpaid property taxes. One of the great hypocrisies of the NJ covid response is that anything concerning government revenue is still due, but several private industries have been deprived of their enforcement mechanism (such as insurance companies’ normal right to cancel a policy for non-payment).
Property taxes are due or the owner incurs 18% interest for late payment. DMV fees for annual registration are due. Building permits still charge their fees. Tolls are still collected on bridges and the turnpike. Parking tickets have been back to normal since like June or maybe July 1, 2020.
To me, DMV stuff should have been the last thing to come back to normal. Like, after stadiums and no masks in nightclubs, that is when DMV fees should have been restored.
I scrolled through a fantastic piece on Reddit about Kathy Woods. It was a soup to nuts of her past employers, funds she piloted, general performance and career.
I saved the post, or at least though I did, but I can’t find it to share with pumps. It was quite good.
Before being right in a raging bull market, she had a string of meh performances and busts. No midas touch here, just what it looks like at face, loading up on BTC, PLTR, TSLA.
ChiFi,
I call BS on your Chicago’s mayor morning post.
You think that only the red hat maga crowd can have the benefits of “Fake News”
In many countries political parties have their official media like in the old USSR and Pravda or Chinese commies and their People’s Daily. Murdoch and Ailes made sure that Fox was the GOPs.
So Lightfood wants to avoid realistic fake news questions. No different that Trump avoiding anyone than Fox or Oan with their softball questions.
Lightfoot is an idiot and she did make a blatantly racist statement concerning reporters who are mostly progressive democrats. She is trying to deflect from bad press she is about to recieve for running Chicago into the ground. Murder rate is way up(worst in the country), neighborhoods are collapsing and Nero(Lightfoot) is in the corner fiddling. Not too dissimilar from DeBlasio, you see some of us are willing to actually judge people by their performance. fat white dude or black lady, that doesn’t matter, what matters is job performance, for a mayor the crime rates, the economic health of the city, schools, etc. Both of these ideologues(Deblasio and Lightfoot) are using the progressive playbook and the results have been disastrous.
Furthermore Lightfoot is in violation of the 1964 Civil Rights Act with her policy, so there is that as well. We live in the 21st century this is not acceptable behavior and trying to provide cover for it or explain it away just shows your racism.
Former Rep. Tulsi Gabbard (D-HI) blasted Chicago Mayor Lori Lightfoot (D) on Friday and called for her resignation following the revelation that Lightfoot only grants interviews to journalists of color.
“Mayor Lightfoot’s blatant anti-white racism is abhorrent,” Gabbard wrote in a tweet. “I call upon President Biden, Kamala Harris, and other leaders of our county—of all races—to join me in calling for Mayor Lightfoot’s resignation.”
Libturd,
You should have romanced Pumpkin’s Nana just before she was ready to croak, then you could have gotten that prime rental property for nuts.
JCer Corrected it for you.
JCer says:
May 21, 2021 at 3:46 pm
Trump is an idiot and he did make a blatantly racist statement concerning everyone who are mostly regressive southerners. He is trying to deflect from bad press he recieved about running the USA into the ground. Covid Murder rate was way up(worst in the world until the nincampoops in Brazil and India got going).
you see some of us are willing to actually judge people by their performance. fat white dude or black lady, that doesn’t matter, what matters is job performance, for a president the public health rates, the economic health of the the country, schools, etc. All these ideologues(Trump, DeSantis, Scott,) are using the regressive playbook and the results have been disastrous.
Furthermore Trump was in violation of all National Security Act laws with his putin’s lapdog policy, so there is that as well. We live in the 21st century this is not acceptable behavior and trying to provide cover for it or explain it away just shows you like fake news.
Tulsi Gabbard
Would have made a better President than either of the 2 muppets we now have.
Thanks, Boomer. Job well done. /s
JCer says:
May 21, 2021 at 3:46 pm
“Lightfoot is an idiot and she did make a blatantly racist statement…”
This all goes back to Oblama. Of all the terrible things the guy did as prez, nothing compares to his decision to be a score-settler rather than a uniter. He had a golden opportunity to build on decades of improving race relations in this country, but instead he decided to align with the Rev Wright’s, Al Sharpton’s and other race hustlers, and stick it to the ‘man’. The blatant racism of Lori Lightfoot, the unchecked violence and rioting in our cities, shakedown shams like BLM are all Oblama’s legacy — none of these things existed/occurred/were even conceivable in 2008. It’s impossible to overstate how terrible a missed opportunity was Oblama’s presidency.
You know, it’s just comes with the territory. People are going to hate her even though her funds have been a major success. The hate is just ridiculous at this point.
Oh, it is what is, she didn’t do much. Just loaded up on all the correct disruptive trends. That’s no biggie. It’s just so easy…sure.
What she has done with her funds is nothing short of amazing. Creating a product that didn’t exist. There was no way to take up this strategy of long term investing in disruptive trends through actively managed ETF. She did it. She is genius. She went against everyone that said she would fail, and did investing her way.
“Before being right in a raging bull market, she had a string of meh performances and busts. No midas touch here, just what it looks like at face, loading up on BTC, PLTR, TSLA.”
She only nailed all her big money calls the past 6 years…no biggie.
She is getting short attacked/media smeared and they still can’t take her out. It’s a beautiful thing to see. Go Cathie!
When does O’Biden sign the hate crime bill against anti-Semitism? Jewish people are being hunted down and beaten. This administration is an epic failure.
Fast Eddie, this is your 2nd cousin by your mom’s side and half brother by your pop’s side.
When does O’Biden sign the hate crime bill against anti-black? Blacks people are being hunted down and beaten because previous administration signal green flags.
Eddie, recken you can bring your sister over, she’s fine woman and let’s keep it in the family, you all.
JCerneededcorrection, let’s not bring in the former president to this conversation, if your best response is “Trump” you really have nothing intelligent to add. This is about the mayor of a major American city publicly announcing a “policy” which violates the Civil Rights Act and is repugnant. Please turn off MSNBC/CNN/Pravada it’s rotting your brain.
For the record how are the murder rates in Chicago? Has the quality of life improved for its residents during lightfoot’s term? Let’s defund the police and not prosecute crime because it’s “racist” to arrest criminals. Any new businesses opening up in the poorest neighborhoods are any of them surviving?
Eddie, the squad is openly anti-Semitic and Biden still supports them, this is all you need to know.
As for “Blacks being hunted down”, I think if you look at it from a statistical standpoint the issue of black on asian violence is bigger than the issue of “blacks being hunted” and the biggest threat to black people is black on black crime.
Phoenix, they could have put the guy who works at the Hertz desk at EWR up for president and he may well have been a better choice than big orange or Biden, at least there’s a chance he’d be honest and well intentioned, that ship sailed long ago with the two old narcissists we were given.
China shorted the coins again.. Unplug the machines? Shut off the MATRIX?
Friday was a statement from a China’s State Council on BTC: “We should crack down on bitcoin mining and trading activities and prevent individual risks from being passed to the whole society.”
5:48 the squad annoys a lot of people, but I see where you are going with this.
The most influential person in music right now is Blink-182 drummer Travis Barker. Don’t believe us? This year alone, 25 tracks featuring or produced by Barker have been released. He has worked with the new pop-punk era Willow Smith and TikTok e-boy turned singer Lil Huddy, signed TikTok emo Jxdn, produced Trippie Redd’s Neon Shark album, and drummed on Bebe Rexha’s new single.
https://apple.news/A20rb1ke8QtiYbnCMjNhUCA
Huuuge housing highs.
How haters ‘splain big #s?
NJ home house huuugnes isn’t borrowing. It is real estate fax.
Yo: Deep.
“Biden says he will put together ‘major package’ for Palestinians whose homes have been destroyed in fighting with Israel”
Wow, just wow.
We provide, develop, and supply ( with our tax dollars) weapons for others to bomb and kill each other- now we provide money to rebuild.
Thank you American Boomers, for giving us these wonderful politicians.
Your votes were gratefully appreciated. /s
Well we need buildings to bomb, don’t we?