Clear to close? Think again.

From Inman:

Ida flooding could jeopardize 47,000 home sales in NY and NJ

Devastating flash floods in New York and New Jersey in the aftermath of Hurricane Ida could delay or derail as many as 47,000 pending real estate transactions valued at more than $19.4 billion in those states alone, according to an analysis by ClosingCorp.

ClosingCorp.’s analysis looked at mortgage applications currently being processed by more than 200 lenders in 35 counties in New York and New Jersey that had been expected to close by the end of year.

New Jersey was hit harder than New York, with 30,462 transactions worth $10.7 billion in jeopardy. There were 17,019 transactions worth $8.7 billion at risk in New York, ClosingCorp said.

At the county level, Suffolk County, New York has the most transactions at risk, totalling $1.4 billion, followed by Kings County (Brooklyn), ($1.3 billion) and Bergen County, New Jersey ($1.3 billion).

In federal disaster areas, lenders will typically hold off on funding loans until appraisal re-inspections have been performed. If storm damage reduces a home’s valuation, that can prevent a sale from closing at the agreed upon price.

This entry was posted in Mortgages, New Jersey Real Estate, Risky Lending. Bookmark the permalink.

196 Responses to Clear to close? Think again.

  1. dentss dengan says:

    First ….back to work !

  2. Hold my beer says:

    What’s the problem? I thought houses with water views appreciate?

  3. grim says:

    What’s nonsensical is buying out recurring flood properties, while at the same time permitting new construction in flood prone areas, or permitting construction in a way that results in substantial increases in runoff.

    Hate to say it, but we need to look at reduction in use of impervious surfaces as an overall % of property. Huge expanses of pavers in your back yard? Sorry, you can either have your driveway, or your massive patio, but not both.

    Concrete back yards that seem to dominate NJ’s urban and semi-urban areas – they need to go.

  4. grim says:

    Good historical example of this is Willowbrook Mall. Pre-mall, many of the current flood properties were not flood at all, they rarely, if ever, experienced significant flooding outside of extraordinary storms.

    Paving over of the 200 or so acres of property created an incredible runoff scenario, where some 60 million gallons of water per inch of rain really had nowhere to go. What was historically a swamp area that absorbed groundwater/runoff and prevented it, became the cause of local flooding.

    As we retreat from some of these areas, we have realized it’s key to remove all of this impervious coverage. Remove the houses, the patios, the driveways, the streets, anything that impedes the ability to soak up rain.

    Suspect stabilized gravel will be a far more common sight in NJ’s suburbs over the next decade. Would be a wise policy choice to give NJ residents tax credits based on removal of impervious surfaces and reduction of total coverage. Going to be far cheaper than building new stormwater systems to attempt to carry ever increasing water volumes (which are largely ineffectual, as they simply just dump to local rivers).

  5. Fast Eddie says:

    Aren’t new developments in NJ required to have dry wells/catch basins? Can anyone chime in here?

  6. Libturd says:

    Build a huge pipe from NY/NJ to California. Refill Lake Mead with the excess. Sound far fetched? Look at our current pipeline map. I can’t imagine pipeline leaks would be that bad. It’s water.

    https://assets-c3.propublica.org/legacy/images/_threeTwo800w/pipeline_line_map-630×420.gif

  7. Juice Box says:

    re:” permitting new construction in flood prone areas”

    Watched a few drone videos… What caught my eye is how the water is kettled in by the train tracks in bound brook and manville area etc.

    Here is a quick drone video.. This under construction what looks like a new commercial building is wrecked. It’s being built right now between the train tracks and the Raritan river. This never should have been approved.

    https://youtu.be/vVO0WFLxip4

  8. JUice Box says:

    Lib – 3o years ago Alaska proposed selling it’s water to California….for $$$.

    Pipleline for oil sure.. Pipeline for water now way. BTW the design was a subsea pipeline running down the Pacific coast, no need to cross land or other problem areas like Canada..

    The congressional leadership at the the time instead of funding a study chose to focus on conservation, water banking, and increasing water pricing….. This is when the population was only 30 million, now it’s close to 40 million!!!

    I think you can blame both parties for this failure at the federal level and state level too. There is no real federal plan for interstate water. It’s not like we don’t have massive amounts of water flowing into the oceans that can be redirected to the dry states….

  9. Grim says:

    There was a solution presented for North Jersey by the Army Corps years ago.

    A 40’ flood tunnel that ran 20 miles from the Passaic River in Wayne to the middle of Newark Bay.

    Maybe we can get Elon to drill smaller tunnels for less money.

  10. Grim says:

    Yes, you read that right. 40 foot diameter. Enormous. Larger in diameter than the massive NYC water tunnels.

  11. Juice Box says:

    So my friend who just relocated back to NJ closed on his house…

    Home last sold in 2005 for 1.2 m. They close just shy of 1 million in 2021. For the previous home owner that is 16 years no appreciation, a $200k loss..at 2005 dollars, todays equivalent value is 1.4 so real loss is $280k, and another $250k in taxes plus carrying costs like mortgage interest etc. So perhaps all in they lost perhaps a cool 1.2 million on their purchase during the housing bubble back in 2005.. All so they could send their kids to the Blue Ribbon Princeton High School…..

    What we do for our kids..they will never know…until they become parents themselves…

  12. Juice Box says:

    A 24 inch wide pipe can only carry 18,000 gallons a minute, a 480 inch (40 ft) diameter pipe would be something like 530,000 gallons a minute.. That might not even be enough…

  13. Juice Box says:

    My anecdotal friend who just moved here also grossed approx. $100k on his last home over the eight years he was living there. That will cover the realtor fee and the cross country moving costs with some pocket change for improvements in his new home.

  14. Libturd says:

    Grim and Juice.

    Read about both solutions when they were current events. The Army Corps of Engineers solution was deemed so expensive, it would have been cheaper to just buy out all of the homes in floodplains. Of course 1/1000th of this happened. I was hesitant before renting a temporary apt., pre-furnished, for a couple of months in the Mountain View Crossing complex when my company moved me back from Los Angeles to New Jersey.

    What blows my mind about so many events like these is how uneducated our populace is. How do people like us know such events are probable, but our brilliant government acts like every tragedy is a surprise. When people say our public school system is excellent, I laugh at them. Lately, the only people I can ever get things right from are first generation immigrants who barely understand the language.

    Here’s the perfect example. I want to buy about 15 pounds of whitefish to make fresh smoked whitefish salad for all of my friends in the tribe for Yom Kippur break fast. I used to buy my fish from Corrado’s since it was fresh and cheap. I can’t even order it from them anymore as no one from the manager down can understand that there is such a fish named whitefish no matter how many times I explain it. Same thing with the chinese and latino fish markets. So I called up a small market in Arlington/Kearny, and no problem. He doesn’t carry them, but he definitely can order them. Boom. Barely speaks a word of english, but he actually slowed down enough to listen to my request.

  15. Juice Box says:

    Lib – There is an online fisherman named Whitey who will ship em direct.

    Sounds wacist right? Don’t tell anyone about this fisherman he might get cancelled.

    https://whytesfishery.com/

  16. The Great Pumpkin says:

    Let’s not forget, they bought peak bubble. Not only a bubble, but the biggest bubble in real estate history. How do you know we are not in a bubble, look at your post. House still didn’t reach bubble pricing.

    Timing matters, you can’t dollar cost avg into real estate like you can with stocks. Anyone buying in 2005 was in zombie mode. It was completely obvious we were in a bubble by 2004… I was only 24 and it was obvious. It’s not obvious that we are in a bubble right now because we aren’t. Give it some time. Years away.

    Juice Box says:
    September 9, 2021 at 9:14 am
    So my friend who just relocated back to NJ closed on his house…

    Home last sold in 2005 for 1.2 m. They close just shy of 1 million in 2021. For the previous home owner that is 16 years no appreciation, a $200k loss..at 2005 dollars, todays equivalent value is 1.4 so real loss is $280k, and another $250k in taxes plus carrying costs like mortgage interest etc. So perhaps all in they lost perhaps a cool 1.2 million on their purchase during the housing bubble back in 2005.. All so they could send their kids to the Blue Ribbon Princeton High School…..

    What we do for our kids..they will never know…until they become parents themselves…

  17. 3b says:

    Juice: Some parents do it for themselves not for the kids.

  18. Libturd says:

    By the way, my Amazon call after last earnings was such an easy call, I hope some of you joined me. Should be back to record highs in a couple more weeks the way she is moving lately.

    Amazon at a P/E of 50. A gift!

  19. 3b says:

    Pumps: We are in a bubble. Plain and simple.

  20. Fast Eddie says:

    gourd,

    No school today?

  21. Juice Box says:

    Amazon is really reshaping brick and mortar retail. Amazon Go in now in Whole Foods, they are opening 30,000 sq ft department stores to expand their reach into Clothing and other household items…There is a few trillion in business they don’t have yet and with the help of the pandemic they now have the ability to crush what remains of brick and mortar retail by opening their own stores.

    They are relentless they are the BORG of shopping!!!

    https://www.geekwire.com/2021/go-go-bigger-amazon-bringing-cashierless-just-walk-tech-two-whole-foods-stores/

  22. Libturd says:

    Juice,

    That’s a pretty decent online price. If my guy does not come through today, I’ll just give Whitey a shot.

  23. 3b says:

    Juice: As I understand it, they want brick and mortar to sell more clothing , especially their private label brands. Buying clothing on line is problematic, sizing etc Lots of commercial space in Paramus for them to expand in, including the old Century 21.

  24. Benjamin Lee says:

    Rate of cardiac adverse event after vax dose 2 in boys aged 12-15 is 1 in 6200 exceeding risk of hospitalization in that age group.

    I said this before, and MD’s are starting to say it. Dosing needs to be changed. Maybe only 1 shot. Maybe lower dosage. Personally, I will opt for adenovirus. And the data indicates that it’s just flat out irresponsible to give kids mRNA if they’ve already recovered.

  25. Nomad says:

    Lib,

    Maplewood:
    https://freemansfishmarket.com

    This place is amazing but a haul:
    https://www.metroseafood.com

  26. Juice Box says:

    The rule is the next bubble has to be bigger than the last. Previous bubble was fueled by weak lending standards when cheap mortgage rates were 6 percent. Well now it’s just fueled by just super cheap mortgage rates at 2.9 percent….

    Well we have blown this bubble in size past 2006 peak, by a wide margin…..

    https://fred.stlouisfed.org/series/CSUSHPINSA

    When it corrects and it will there could be a blow off like none every seen… However deflation cannot be allowed to happen. That is deflation won’t be allowed in a real asset tied to bonds…

    BTW the Fed has a great plan. We just did a test run. Mortgage forbearance during the pandemic…For the last year or so people have been able to skip their mortgage payments….

    The idea here was to prevent defaults and foreclosures which would bring massive amounts of downward pressure on housing prices like it did during the last bubble. From 2006 to 2012 the average home lost approx 25 percent of it’s value. That is a FACT JACK!

    The Fed is busy paying their army data scientists to figure out the all of the different stressed home price scenarios and come up for a plan to deal with them both short and long term. Short term like the pandemic was to prevent stressed home prices due to forced sales and foreclosures. That has worked so far. The next plan for any kind of blow off will be a repeat of 2006, buy the bonds and hold until infinity keep the zombie foreclosure homes off the markets. Those zombie homes may never make it into foreclosure or be sold as some are still around since the last bubble.

    As those exiting forbearance now we shall find out what happens next. Will all that inventory approx 3% of all mortgaged homes hit the markets? What will be the effect?

    There is tight inventory now, and those who can no longer make payments theoretically have equity and can sell without bringing a check to closing or a default and forclosure, they could sell to those endless millennial buyers and walk away without the shame of foreclosure..

    Then there is the foreclosure moratoriums ending and backlogs…

    Should be fun times folks!!!

  27. leftwing says:

    Crazy video of S. Bound Brook….dude almost lost his drone at the end to an overly inquisitive bird LOL.

    I’ve said it long ago, shortly after I moved here…way too many people in this State creating a horrible quality of life. You people build on swamps, landfills, Superfund sites, in basins, fcuking everywhere. Stuffing people in here like a ten pound sausage in a five pound casing and then wondering why waste floats on your beaches, your highways are unnavigable, your buildings flood, and your kids are processed through schools like Coke bottles on a packaging line. Insane.

    https://www.youtube.com/watch?v=ratQlft_G5c&ab_channel=FPEDNepal

  28. Libturd says:

    Gotta pay for the useless government workers Leftwing.

  29. Libturd says:

    Nomad,

    I think Freeman’s serves their webpage from a Timex Sinclair.

    Thanks for the links, but no whitefish at either.

  30. 3b says:

    Juice: The Fed can come up with whatever fcuked plans they want, but in the end it’s all going to collapse on itself. Throw in corporate America and their geographically agnostic hiring strategies and the northeast has no insulation as to the talent is here nonsense and so we have to pay big bucks salary for a high priced area.

  31. Juice Bxo says:

    Lib – $12 a pound right for a mench like you.. + 10% off for new customers too.

    my google search was customized just for you. “cheap white fish” and there you go. Advertisement for whitey… I like the fact he has his own boat etc, real deal not some warehouse selling fish frozen to 200 below back in 2009.

  32. The Great Pumpkin says:

    No, we haven’t. That was 15 years ago. People making a lot of money out there to support current pricing (specifically wall st landlords buying it all up). Do you account for inflation in that chart?

    Just because a price reaches all time highs doesn’t make it a bubble. How long have people like you been calling for a crash in Canadian real estate?

    “Well we have blown this bubble in size past 2006 peak, by a wide margin…..”

    https://fred.stlouisfed.org/series/CSUSHPINSA

  33. Ex says:

    Was fiddling around on the Carvana app last night and “almost” bought a Boxster. Super clean — low miles. Couldn’t bring myself to give up a back seat..! Go figure.
    I can see many a late-night car purchase with the requisite morning hangover to boot.

  34. Libturd says:

    Yeah. I had actually researched a lot of the great lakes fisheries, but they all charged a stupid massive handling fee for shipping. $20 two day is reasonable for 15 pounds of fish.

    Crazy, you can walk into any fish market in the Midwest and get a whole white fish for $6. Yet two fillets cost $24 (you get two fillets per fish). A good fish monger can fillet a fish in about five minutes. If it were any non bony fish, I would do it myself. But whitefish require a lot of skill to fillet properly.

  35. grim says:

    Aren’t new developments in NJ required to have dry wells/catch basins? Can anyone chime in here?

    They only need to meet the requirements at the time of approval, therein lies the rub with this approach. We’re dealing with a long history of lax requirements around surface water. Not to mention, even the current requirements are not predicated on 100+ year storms, which are now becoming all too commonplace.

    We can’t saddle new development with such strict requirements that it kills new development, especially when we expect them to make up for decades of missteps.

  36. leftwing says:

    Nice on the AMZN Lib…did not follow but did short VZIO (a company I otherwise like) as AMZN is hopping into Smart TVs…….decent return there.

    I’ve moved my trading portfolio duration out a bit so have more leverage to the market….not used to seeing these swings….today the entire portfolio is up 125bps on the back of four positions, 5x the market…and that’s with only 30% invested…works that way on the downside too unfortunately, LOL. I got too used to writing a bunch of options and banking a relatively small but regular weekly gain with not much variance…

    Anyway, airlines are buoying today, LUV and JBLU running. Look at LUV again, i know you may hate it as it won’t fit your model but as a reopening/delta play I don’t think it can be beat, up there with the cas1nos and hotels and has the best balance sheet of the bunch (and among the lowest business traveler exposure)…..Also, technically, my eyes see a line that goes back pre-crash at 48 and anytime she approaches that it’s kryptonite…..

    Going to hang on to SRNG….Took way too much time last night going through their filings…deal is getting done, cash balance requirement will be fulfilled, they already have a quorum for the Special Meeting, float will be only 10% or less…CW has been buying substantially at par (10.00) these last few weeks, I swear to God if this thing closes and then breaks bid that spaced out bitch better be there with a checkbook or she truly has the most inept trading desk of any PM around.

  37. Juice Box says:

    Captn cheapo – Fulton in South Bronx.. go buy the whole fish and get yourself a good knife.. for protection…

    $2.00 fee for walk in’s… They have retail hours.

    http://www.newfultonfishmarket.com/products_sold.html

  38. Juice Box says:

    Pumps – re: “specifically wall st landlords buying it all up”

    I knew you are a genius! You just supported my bubble argument.

    Wall St is fueling the bubble making it a speculative bubble!!!

  39. Fast Eddie says:

    We can’t saddle new development with such strict requirements that it kills new development, especially when we expect them to make up for decades of missteps.

    That monstrosity in the center of Park Ridge is doing damage to some of the businesses, even with moderate rain. I can’t imagine what Ida did to that area. I haven’t checked it out.

    It’s bullsh1t to think new development is being “saddled” to build a containment area that can seep at a slower pace. Soon enough then, everyone will be a victim of water damage.

  40. The Great Pumpkin says:

    Juice,

    It’s not a bubble in real estate until you see people flipping houses. It’s not a bubble until almost everyone thinks that the price only goes up. It’s not a bubble until there is euphoria in the streets.

    Right now, I see none of the above. I see caution in approach to pricing…most people tell me it’s a bubble and the prices will drop by next year. I tell them good luck. They might not realize it, but pricing is cheap right now compared to what it will be by 2025.

  41. Juice Box says:

    Nope no bubble to see here. A 23.4% year-over-year median price increase no bubble at all. No no no it’s cheap, buy now of be priced out forever, it’s different this time as prices have only one direction that is up up up…..

  42. grim says:

    It’s bullsh1t to think new development is being “saddled” to build a containment area that can seep at a slower pace. Soon enough then, everyone will be a victim of water damage.

    What I mean by that is having had older developments only need to account for a 50 year storm, and having a new developments need to account for a 100 year storm or worse.

    Realistically, there is no mechanism to go backwards and enact new requirements, this is the challenge.

    Example: Residential properties in Saddle River can have no more than 10% impervious lot coverage going forward. Meaning, you need to decide if you are going to tear up your semicircular driveway, or your giant backyard patio.

    Pick one.

    Or, Willowbrook Mall – You need to tear out half your parking lot, you are going to lose the ability to have those spots.

  43. Juice Box says:

    Grim – Just like most dying malls they are planning to redevelop them into multi-family walkable communities. Thousands of condos and rentals and ofcourse new retail on the first floor since it’s a flood zone.

    Was proposed just last year for Willowbrook, same idea down here for the Monmouth Mall a Kushner property except with a twist. At Willowbrook a massive platform for the flood waters to flow under and housing above.

    ” there would be a platform built above the height of the Willowbrook Mall that would cover the entire 250-acre parking lot. This raised area would be covered in ‘green space,’ meaning parks covered in grass and trees with bikes and walking paths. On top of this would be built several residential condominium towers housing two-thousand luxury units.”

    I am not sure if they have forced it yet but Mt Laurel makes it mandatory. Like many towns Mt. Laurel is used as a sledgehammer for force multi family. Wayne has a case that the “intervenors” aka multifamily builders push.

    Geoffrey Way is slated for 1,360 housing units as part of the Mt Laurel settlement as well…

    https://www.tapinto.net/towns/wayne/sections/government/articles/a-solution-to-wayne-s-affordable-housing-challenge-is-it-unfeasible

  44. Nomad says:

    Lib,

    If you did not call Freemans, give them a shout. I would be shocked if they can’t easily get it.

    Spouse had Metroplitan order whitefish and pike a few years ago and he added another fish that made it very good. Ground it and put bones in a soup bag to use for broth.

  45. leftwing says:

    Zoning retroactively applied?

    Don’t think so……if anything, those existing properties are grandfathered and any new storm management code may actually benefit them, ie. only in a home with an already existing semi-circular driveway and patio will you be able to have both.

    Where they can capture these properties is if they ever come in for a building permit thereafter….although even there the ‘request’ for storm water remediation to current code needs to be relevant to the proposed changes….ie, the municipality can require bringing stormwater management up to new code if you go in for approval on an addition (additonal flow from roof) but not if you go in to erect a 7 foot high fence vs. a 6 foot high one (neither has any impact on stormwater).

  46. chicagofinance says:

    I watch this Louis CK and think about leftwing and his commentary on Blinken, Sullivan, and the Government Majors in the Ivy Leagues…..
    https://youtu.be/FaPqFI5-yWM?t=107

  47. leftwing says:

    LOL he IS funny

  48. 3b says:

    Juice: A 23 plus increase in a year says it all, it’s a bubble!!

  49. The Great Pumpkin says:

    A lot of this price increase I would think comes for rural and small town america. They were ultra cheap, and demand/supply dynamics drove up the prices. I don’t think it’s a bubble, but could be wrong.

    I just don’t see any of the signals that deem this is a bubble.

    Juice Box says:
    September 9, 2021 at 12:20 pm
    Nope no bubble to see here. A 23.4% year-over-year median price increase no bubble at all. No no no it’s cheap, buy now of be priced out forever, it’s different this time as prices have only one direction that is up up up…..

  50. brt says:

    23.4%? Pffffttt… You have to see a Euphoria!

  51. 3b says:

    Fast: I drove by the Park Ridge development last night; people are living there already. I honestly don’t think it’s bad. What else is going to be built on Kinderkamack Rd. No demand for retail, certainly not office, empty storefronts and offices from Montvale down to River Edge. Developers won’t build single family homes on Kinderkamack Rd, what else will be built there? There are 130 more rental units being built in Emerson also on Kinderkamack Rd. It’s the way Bergen Co is going; it ain’t Kansas anymore.

  52. chicagofinance says:

    I don’t know. A much smaller digital pipe seems to carry endless sewage from Pumps with an apparent smaller throughput….. it would seem…

    Juice Box says:
    September 9, 2021 at 9:21 am
    A 24 inch wide pipe can only carry 18,000 gallons a minute, a 480 inch (40 ft) diameter pipe would be something like 530,000 gallons a minute.. That might not even be enough…

  53. chicagofinance says:

    Stu: best whitefish for 20 years; and free delivery from Mordecai….
    https://www.youtube.com/watch?v=z3EAO7FDB6s

    Libturd says:
    September 9, 2021 at 9:34 am
    Grim and Juice.

    Read about both solutions when they were current events. The Army Corps of Engineers solution was deemed so expensive, it would have been cheaper to just buy out all of the homes in floodplains. Of course 1/1000th of this happened. I was hesitant before renting a temporary apt., pre-furnished, for a couple of months in the Mountain View Crossing complex when my company moved me back from Los Angeles to New Jersey.

    What blows my mind about so many events like these is how uneducated our populace is. How do people like us know such events are probable, but our brilliant government acts like every tragedy is a surprise. When people say our public school system is excellent, I laugh at them. Lately, the only people I can ever get things right from are first generation immigrants who barely understand the language.

    Here’s the perfect example. I want to buy about 15 pounds of whitefish to make fresh smoked whitefish salad for all of my friends in the tribe for Yom Kippur break fast. I used to buy my fish from Corrado’s since it was fresh and cheap. I can’t even order it from them anymore as no one from the manager down can understand that there is such a fish named whitefish no matter how many times I explain it. Same thing with the chinese and latino fish markets. So I called up a small market in Arlington/Kearny, and no problem. He doesn’t carry them, but he definitely can order them. Boom. Barely speaks a word of english, but he actually slowed down enough to listen to my request.

  54. Fast Eddie says:

    There are 130 more rental units being built in Emerson also on Kinderkamack Rd. It’s the way Bergen Co is going; it ain’t Kansas anymore.

    North Jersey is or was the only thing I know/knew. Born and raised in Hudson County, had relatives in Bergen County so I know exactly what both areas were about growing up. Things change, I get it but as I inch closer to retirement and if I wanted to live in Queens, I would have moved to Queens. We’re not there yet but getting closer and it’s all happening without any of the heritage or nostalgia we had while growing up. So, I will consider other places to live in my golden years (provided I get that far). I mentioned Ashville because it has mountains and seasons or closer to Charlotte and for some reason, the Nashville region looks cool. It’s the music, I suppose though I believe none of those regions are much more affordable anymore. One place I refuse to even consider is anything from Ocean County and south. I might as well just move to the sticks of Mississippi if that’s the case. G0d, I hate the Toms River area with a passion!

  55. Fast Eddie says:

    Also, the locals in the Toms River area used to boast of “North Toms River” and how ritzy it was! That was their version of Ridgewood. Lol! Now, it has become Monsey/Spring Valley NY. Not that there’s anything wrong with that but the “for sale” signs couldn’t go up fast enough. I’m sure Upper Saddle River/Montvale will experience the same sooner rather than later.

  56. Juice Box says:

    Pumps – re: “A lot of this price increase I would think comes for rural”

    Zillow puts your home value at $660k a year ago and $780k this very moment. That is 16% without even a bidding war for your roman columned pumpkin palace. I know you think you at the top end of the range perhaps $850k. That would be 23% YoY for the Pumpkin Palace…..

    All that is left is the crying and teeth gnashing.. I know a good dentist and a good psyche ward if you ever need one.

  57. Ex says:

    1:41 all the retired teachers and admins buy in Toms River.

  58. leftwing says:

    Ton of hookers there too. Back in the day of Craigslist postings two-thirds of Jersey’s illicit bang trade had TR addresses.

  59. JCer says:

    Pumps, no flippers? Where have you been, in the areas with sky high pricing there are flippers operating. I have seen many flips in progress in West Orange. This is all in no way sustainable, the cracks are showing in the economy. Asset support can only go so far, jobs and wage growth are needed to support the inflated valuations. As far as I can tell we haven’t seen any real wage growth for the middle class since the first Bush term(and that was a result of stimulus). Growth has been at the top end of incomes and lower class income increases have been entirely eaten by inflation. Purchasing power for the middle class has been eroding since 2007. This does not spell good things for a lot of housing markets.

  60. JCer says:

    Toms River, it’s adjacent to Brick, the Meth capitol of NJ.

  61. Fast Eddie says:

    As soon as you leave Monmouth County and enter Ocean County, it’s like going from Kansas to Oz. Bay Head, Mantoloking and Normandy are basically all that Ocean County has to offer. Sorry if that offends anyone but it’s the truth. Monmouth County is beautiful and then someone but up a roadblock at exit 98. Lol.

  62. grim says:

    Moderna announces it’s plan for an mRNA based seasonal reparatory vax that will consist of the forecast flu strains, along with the covid variant of concern.

    Single annual vax.

  63. Nomad says:

    15 CEOs weigh in on the way we work post pandemic

    https://www.cnn.com/interactive/2021/09/business/perspectives/future-of-work-pandemic/index.html

    Drew Houston Co-founder and CEO DropBox

    “I see the 40-hour office workweek — an artifact of factory work — finally becoming a thing of the past. Employees will escape grueling commutes and gain more control over their day.”

    Jane Fraser CEO Citi

    “Most of us will be on a hybrid schedule that requires us to be in the office at least three days a week… Hopefully, this flexibility can keep the doors open to people who have traditionally found it difficult to maintain a career in our industry.”

  64. Libturd says:

    I get at least one call a day, usually from an Asian outfit, asking to buy my multi. Bubble?

  65. Juice Box says:

    Lib- unless they are banging on your door in the middle of the night with a suitcase full of cash it is not a bubble.

  66. Ex says:

    I say sell it! Sell it all!!

  67. Libturd says:

    Unfortunately,

    They are all vulchers.

  68. 40+ year realtor says:

    Paywalled out of WSJ article on flippers. Needless to say, inventory is hard to come by. Sheriff sale property I mentioned a few weeks back in Bergen, paid 84% of market value including $50,000 in back taxes above $901,000 bid. Currently under contract. Vacant and no renovation investment.
    Highest percentage to value bid I have ever made.

    Lending money to flippers at 75 or 80 percent LTV plus $100% of renovation cost had made the business very competitive. Won’t end well for lenders when market slows.

  69. 3b says:

    Fast: I grew up in the Bronx so its different for me. But it is ironic, that Bergen Co is rapidly becoming a city. I was in the south Bergen area last week, Lyndhurst/ North Arlington, and I have to say it is one of the ugliest dreariest looking areas I have seen, although great views of NYC in some spots. There are houses next to factories, next to strip malls ,in some spots all mixed in on the same blocks. Then new 2 and 3 family ugly brick monsters stuffed into small lots. North Bergen Co is becoming just as crowded and ugly. It’s ironic, for years I have listened to friends and neighbors voice displeasure at different developments etc And they always say OMG we will look just like the Bronx/ Queens, will guess what BC is well on its way to becoming that. It still annoys me when the Bronx is referenced as there are enough dumpy/ bad areas in north Jersey without picking on the Bronx. Some of the former NY ers are the worst at doing this.

  70. 3b says:

    40 year what do you know? You are only in the business 40 years.

  71. BRT says:

    Both of my grandparents homes in Bergenfield were successfully flipped this past year. One was complete lipstick on a pig. Both were zombie homes for nearly a decade.

  72. crushednjmillenial says:

    40 year’s comment on Bergen County sheriff’s sales got me looking at the “sold/canceled list”.

    I see on there an Upper Saddle River property. Here’s the vignette. 22 Autumn Court, Upper Saddle River. Purchased at $845k in 1993. Has a sheriff sale canceled in Sept. 2020, at which time $869k is still owed on the house. Strong housing market bails out the owners who sell at $1.15m, avert foreclosure, and move on from the $30k/year tax bill.

    Note that the distressed owners owed more than the house was purchased for 27 years after the purchase. They should have been a few years away from a paid-off house, but instead they took out the equity at some point over the years. I suppose there are a lot of heloc ballers out there in NJ, CA, and other HCOL areas.

  73. 3b says:

    You guys and your bubble talk you know who you are Juice!!And others. Well he will be back later this evening, so prepare for an onslaught of posts on how wrong you all are!

  74. Juice Box says:

    Look you greedy grubbers repeat after me there is NO BUBBLE…..

    You are PAYING full price for my home and not a penny less.

    Sound familiar?

  75. Juice Box says:

    The Wall St journal article basically says flips are exceeding hard to find and the margins have compressed (like 40 yr said), there is tons and tons of Wall St cash paying a crazy high coupon of 9.33% to lend in the secondary market to flippers. There is quick churn on the loans too the Millennials hate Pall Malls and Rheingold mixed with Cats worse than Eddie and would rather overpay for a flip than a fixer upper. This goes a long way with the flips I have been following….The Cemetery House by me is close to being closed….but there is a problem perhaps Poltergeists..

    BTW – We need to fund a new venture, that would be hosting house flipping convention(s) at the local Marriot charging $200 per person and pack em in…. I say we get Pumps the permabull up on stage….Is Anthony Robbins still making the rounds? I bet he is cheap now..

  76. The Great Pumpkin says:

    When I said flipping, I didn’t mean professionals. Professionals are always there. I meant when you hear your avg joe say he just flipped a house or two doing absolutely nothing but holding, then you have a bubble. We are nowhere near a bubble.

    Just ask yourself this. Can prices drop 20% right now or is there too much demand to allow prices to drop that far?

    You guys all own your homes already. Imagine if you didn’t own and wanted to buy. What are you going to wait for a drop that might never happen or buy? Higher highs and higher lows applies to the housing market like no other. These are the new low prices.

    2006 bubble was massive with no demand support whatsoever except from avg joe flippers. Did the 2006 prices ever go down to 2001 or 2002 pricing?

    I told people to buy on this blog over and over last decade. Kept hearing the same response as now…are you crazy? They are only going to go down. How that workout? I was screaming how much of a value wayne had become, but no one wanted to hear it.

  77. Grim says:

    You’d think we would be in a position to capitalize on this.

  78. Grim says:

    HGTV is all of the sudden full of shit flip shows.

    And I’m seeing Realtor ads downplaying concerns over high prices (are you sure we can afford this).

    Bubbly

  79. grim says:

    When you all see a realtor commercial with Karen berating her husband for not wanting to overpay, you sell. You f*cking sell and run.

  80. Juice Box says:

    Grim – not all of a sudden….the are now house flipping shows that have been on for years that are now dynasties like the Kardashians.

    There is palpable reasons to run this as an investment for in person conferences…We are talking women scantily clothed, fire jugglers and door prized folks all for $200 a head for our symposium on how to be a millionaire flipping homes….

  81. JUice Box says:

    re: “Karen berating her husband”

    Ohh Ohh I found the link..it’s housing prom folks don’t click!

    “The Nastiest Wife on Television”

    https://www.youtube.com/watch?v=20n-cD8ERgs&t=6s

  82. The Great Pumpkin says:

    Guys, people are not flipping houses. They want to own them. Wall st doesn’t flip them, they rent them out. You have to understand this, this is a supply/demand issue and it has been brewing for over a decade. How do you think I made all these calls so many years out.

    I just don’t see how this is a bubble YET. Eventually it will be, but not on current pricing.

    My house didn’t go up for almost decade. It was inevitable that big appreciation would hit when the millennials began to enter the market in large numbers. This is why housing didn’t really go up past decade…millennials were not buying, which created more supply than demand.

  83. Juice Box says:

    And I am going to ruin everyone’s day (objective) with this Slate Article from 2006.

    Remember folks time is Human construct it does not actually exist, and like PUMPS you cannot convince me otherwise…

    https://slate.com/business/2006/04/the-nasty-wife-in-the-century-21-ad.html

  84. Juice Box says:

    What Hill do I want to die on? Biden chose the vaccination hill it seems…

    BTW – Give me all the MRNA vaccines I can get, aids, cancer, covid, flu, herpes etc.. I will happy to take them all…

    Go long MRNA….Second life is here…

  85. Grim says:

    The problem with calling out the Realtors on that ad is we now lose visibility into market timing. They likely will never run such an abomination again.

    Or maybe they will, and when they do, we should notice.

  86. The Great Pumpkin says:

    If this is such a cake job that is overpaid, explain this. They are f’ed. Just like my school with the ton of vacancies. No one wants to do it. True story.

    https://www.nj.com/education/2021/09/nj-school-district-with-delayed-classroom-return-still-needs-to-fill-76-positions.html

  87. The Great Pumpkin says:

    Imagine firing a worker two or three years ago (aka failed them for the class) and then having to deal with the crazies again for another year. Seriously shoot me. Im a freshman teacher and all they do is f’k my class up and set a bad example for the freshmen in the class with them. Seriously shoot me. I hope I can make it through another year.

  88. The Great Pumpkin says:

    Then read sh!t like this and it really makes me think of quitting. This sounds like paradise. I can’t believe how soft some of these Ceo’s are getting…who needs a union when the CEO now thinks you should only work a few days a week and that the 40 hour work week is an artifact of factory work. F’ing sign me up!!

    “Drew Houston Co-founder and CEO DropBox

    “I see the 40-hour office workweek — an artifact of factory work — finally becoming a thing of the past. Employees will escape grueling commutes and gain more control over their day.”

    Jane Fraser CEO Citi

    “Most of us will be on a hybrid schedule that requires us to be in the office at least three days a week… Hopefully, this flexibility can keep the doors open to people who have traditionally found it difficult to maintain a career in our industry.””

  89. Hold my beer says:

    Suzanne researched it. All is well

    Divorce would have been cheaper and better for that beta male’s long term mental health.

  90. leftwing says:

    “What Hill do I want to die on? Biden chose the vaccination hill it seems…”

    Managing the news cycle….heavy handed six point plan tossed into the Red cage meant to divert attention from Afghanistan by the center-right.

    He doesn’t give two shits if anything he said is enacted or not.

  91. grim says:

    Fair assessment

  92. chicagofinance says:

    LBI is in Ocean County

    Fast Eddie says:
    September 9, 2021 at 3:01 pm
    As soon as you leave Monmouth County and enter Ocean County, it’s like going from Kansas to Oz. Bay Head, Mantoloking and Normandy are basically all that Ocean County has to offer. Sorry if that offends anyone but it’s the truth. Monmouth County is beautiful and then someone but up a roadblock at exit 98. Lol.

  93. Juice Box says:

    The Hill is the international community calling out Biden for not doing more, China will be rolling out their mRNA vaccine soon. we can lose our belief in Hegemony..might as well give up god too at the same time.

    bad for Colfax road we could have Cuban and Venezuelan paratroopers
    Landing there soon.

  94. 3b says:

    Pumps : In reference to your than I read this shite. Did you read the two quotes and digest them and understand what they said? Reading comprehension! You are a teacher! How you can take those two comments that were made and come up with your interpretation?

  95. BRT says:

    Biden declares war on covid after he ignores the entire south’s waves the past few months.

  96. Hold my beer says:

    How is he going to enforce companies with 100 employees have to be vaccinated?

    I can see the logic behind mandating people on Medicaid, Medicare, and federal employees getting the jab since the public is paying for those benefits.

    Is this just a ritual signaling for the left and a way too distract from his disastrous withdrawal from Afghanistan? Is he trying to get trump reflected in 2024?

  97. joyce says:

    Isn’t it also trying to take credit for the inevitable? The delta wave is cresting nationally and in most states.

    leftwing says:
    September 9, 2021 at 7:10 pm
    “What Hill do I want to die on? Biden chose the vaccination hill it seems…”

    Managing the news cycle….heavy handed six point plan tossed into the Red cage meant to divert attention from Afghanistan by the center-right.

    He doesn’t give two shits if anything he said is enacted or not.
    grim says:
    September 9, 2021 at 7:10 pm
    Fair assessment

  98. BRT says:

    This thing has run it’s course. Too much fatigue. We are all back in school. Kids are eating lunch on top of each other. Nobody has the desire to play mask police. Us teachers don’t even acknowledge half the of the kids wearing their nose out of their mask or chin diapering it when we know they’ve all been vaxed anyway. We’ve done what we can. I’m sure employers have even less desire to play vax police.

  99. The Great Pumpkin says:

    Yea, I read it. I’m all for it. If this really takes place, you don’t think that’s paradise? Going to work a few times a week. A ceo calling the 40 hr work week a relic of the past for these office workers. No union has provided this in history. Think about it.

    I just don’t understand how these lower paid in person workers keep showing up to work knowing office workers only have to go to work a few days a week and get paid more. Why would you keep working at restaurants or working as a roofer? They wont, they will eventually say f’k this, I want what that office worker has.

    3b says:
    September 9, 2021 at 7:30 pm
    Pumps : In reference to your than I read this shite. Did you read the two quotes and digest them and understand what they said? Reading comprehension! You are a teacher! How you can take those two comments that were made and come up with your interpretation?

  100. Libturd says:

    “You’d think we would be in a position to capitalize on this.”

    I’m gonna start a show called “Our Flood.” Do I even need to explain the premise?

  101. The Great Pumpkin says:

    No matter what you think, it’s not a good look to all the workers that have to go to work in person. How long before the hospital workers want more money? Just think about it.

  102. 3b says:

    Pumps: You may have read it, but it’s clear you don’t understand it. That’s because either you have reading comprehension issues and or your total lack of any corporate work experience means you simply don’t understand.

  103. The Great Pumpkin says:

    Right, I don’t understand it. Oh right, all these workers will be working much harder under a hybrid platform. Maybe some, but most will be enjoying those days they don’t have to go to the office. My friends do it already.

    My brother in law was going to the town pool on a regular basis under the WFH platform. Before Covid, he was going in to the office 4 days a week. You think he was working hard on Friday? Wake up, dude.

  104. The Great Pumpkin says:

    Pretty good read.

    “What makes this super-cycle different from the early 1970s and late 1990s? The valuation gap between the top 50 performers in the S&P 500 and the bottom 450 is not nearly as extreme now as it was in past cycles. (THREAD)”

    https://twitter.com/timmerfidelity/status/1435992214132363267?s=21

  105. 3b says:

    Pumps: No you clearly don’t. There is nothing in those comments that fit your interpretation.

  106. The Great Pumpkin says:

    3b,

    I hope the education field gets with the times and moves to a hybrid schedule. Monday to Wednesday you get everything you need to get done in person, and on thursday friday the students complete their tasks at home and join a zoom meeting if they need some help. How’s that sound?

  107. 3b says:

    Pumps: Sounds like in addition to hating WFH for the reasons I have previously listed, you are also jealous. And again trying to illustrate an understanding of what we do in corporate America, but it falls flat as you simply can’t comprehend what we do. It’s above your comprehension. But as I said a while ago if you want WFH in your profession , then year round school, get rid of all the other holidays, and elimination of pensions and teaches get health care plans that mirror what a corporate employee might have. This way it’s level in both the private and public sector.

  108. BRT says:

    WFH doesn’t work for teens, so it must not work for working professionals.

  109. Grim says:

    Looks like Mississippi will shortly take the #1 spot from NJ as the deadliest state for covid. Louisiana will likely displace NY to take the #3 spot.

    Didn’t think that this would even be possible this late into the pandemic, post vaccine, post treatment options.

    Heading into the summer, the northeast was such an outlying standout from a per capital death rate. Now? The entire southern us had not only caught up, but blowing past us.

  110. The Great Pumpkin says:

    3b,

    You crack me up.

    BRT,

    In person will always be optimum, but we are talking quality of life here, are we not?

  111. BRT says:

    No. In person is most effective when you are trying to learn from somebody. Being left alone can be optimal when you are actually trying to accomplish a task or complete your work. They are not even remotely the same thing. But, FYI, we have already adopted the model of students accomplishing some things at home some 100 years ago. It’s called HOMEWORK!

  112. Grim says:

    Afghanistan in the houuuse.

    Got the call down email for volunteers to assist vaccinating Afghan refugees at Ft. Dix.

    Looking for 40 healthcare professionals and 30 additional volunteers.

    Gotta be a lot of refugees.

  113. Ex says:

    Educators won’t be included in the WFH plan, but Corp America….
    Definitely happening! Most teams are spread out across the Country
    and the World. Next up…..commercial real estate crash.

  114. Grim says:

    fluvoxamine Is the new ivermectin.

  115. The Great Pumpkin says:

    BRT,

    You are so spoiled by AP students. Silly goose, avg kids don’t do hw.

  116. The Great Pumpkin says:

    And if that does happen, it will hurt every single participant in the economy like any crash would. No one is immune.

    “Next up…..commercial real estate crash”

  117. Chicago says:

    What? A kid that does no homework will only move up a grade by social promotion. Such students need to be barred from the workplace.

    Great Pumpkin says:
    September 9, 2021 at 10:36 pm
    BRT,

    You are so spoiled by AP students. Silly goose, avg kids don’t do hw.

  118. The Great Pumpkin says:

    Unless avg students have parents that are on top of them, they are not doing hw. Even then, they rush through it at school so they can tell their parents that they did it. One student will do the hw, and the rest copy it.

  119. The Great Pumpkin says:

    Again, this is avg, not good students or overachievers.

  120. grim says:

    China bans all new video games?

    Wow, ain’t that some shit.

    That’s what happens when kids don’t do homework in China.

    #makechinagreatagain

  121. Fast Eddie says:

    I just read that the NFL is playing “the” black national anthem before every game. I didn’t watch last night. Which country does this anthem represent? And if it’s another country, why are we representing just them? How about the Taiwanese national anthem or the Ecuadorian national anthem? Is there a country called “Black?” If we propose a white national anthem, is that rac1st? So, isn’t a black national anthem rac1st? Why is the NFL practicing rac1sm and segregation? I don’t have the answers but I think I finally have been fed enough “woke” to walk away. After decades of being a diehard Giants fan, attending hundreds of games, I believe I’m done.

  122. BRT says:

    Oh wow, you actually figured it out. Wfh works for people that are self motivated. These people were probably AP students. Congrats.

  123. leftwing says:

    “Isn’t it also trying to take credit for the inevitable? The delta wave is cresting nationally and in most states.”

    Good observation Joyce.

    Kind of like his goal of 1m jabs in the first 100 days while we were already on track to get there.

  124. BidenIsTheGOAT says:

    The goat meat and child bride industries should see a big boost.

    Great deal for these people. Milk American funding and protection for 10-20 years. Run like hell at the first sign of the Taliban. Claim you were an interpreter with no language skills or documents. Hop on a jet and get on the dole for ever.

    Next step in our immigration process is to vote Democrat and claim the country is systemically racist and trash the place. We are fools.

  125. chicagofinance says:

    Plenty of kids are interested in the stuff they are learning in school. History, creative writing, science…..WTF? you are an a$$hole

    The Great Pumpkin says:
    September 9, 2021 at 11:39 pm
    Unless avg students have parents that are on top of them, they are not doing hw.

  126. BRT says:

    Actually, all you have to do is actually grade it for correctness and they do it. Moreover, I set up my assignments online so they all have randomized numbers so no two students have the same numbers. They can discuss how to solve it, but cannot copy answers.

  127. Libturd says:

    BRT/ChiFi,

    Don’t mean to knock the Wayne public school system but it sounds completely different than my kids 11th grade peers. Maybe in each regular level class there are 3 or 4 C/D students who just don’t care. But the other 95% do their homework and generally understand the value of education. The truth is, probably 80% of the families who live in Glen Ridge chose to pay our exorbitant taxes and property values in exchange for a superior school system. Ten percent still send their kids to private schools and the other ten percent are aging in place. The vast majority moves out the moment their last kid graduates, like we plan to.

    What makes our schools better? Gator Jr.’s 7th grade Spanish teacher said it best at back to school night a few years ago. She used to work in Paterson teaching Spanish speaking kids how to speak Spanish. She said, “I’m never going back there.” She said our kids work hard to learn the language and appreciate her. Heck, my kid is now in Spanish Honor Society with about 100 other kids, which is impressive considering that his school only has about 200 kids per grade. You can clearly see the influence of an excellent teacher at work.

  128. Libturd says:

    And BRT,

    My kids teachers do the same thing with changing the numbers, or the order, or in the case of history, reversing the wording in the true false questions.

  129. leftwing says:

    “Actually, all you have to do is actually grade it for correctness and they do it. Moreover, I set up my assignments online so they all have randomized numbers so no two students have the same numbers. They can discuss how to solve it, but cannot copy answers.”

    That would actually take work, rather than bitching and whining how difficult and underpaid your job is…

    “You can clearly see the influence of an excellent teacher at work.”

    Boom.

  130. Ex says:

    Seems that one big firm I heard about is now in the process of “leveling”salaries for remote workers in secondary markets. Adjusting salaries retroactively to reflect the region the worker lives in. Damn. That’s cooooold.

  131. leftwing says:

    Good CNBC Gottlieb interview, as usual.

    TLDR, his take on the private employers’ mandate is maybe it moves the needle by 2-5 percentage points by Fall 2022.

    On the timing he walked through OSHA rule implementation processes.

    On the amount his logic was we are at 75+% dosed so far tracking to 80% soon without any changes…we will not hit 90% as we don’t even get there with hard mandated childhood vaccinations, so you’re really fighting over real estate that would not otherwise be won between low-mid 80s% and up to 89%…

  132. leftwing says:

    “Seems that one big firm”

    Industry, Ex?

  133. Ex says:

    9:36 Big Pharma

  134. 3b says:

    Ex: My firm and others have been doing that prior to the pandemic, and were interviewing and hiring candidates under a geographically agnostic program. As well salary tiers based on location are nothing new. I also saw this morning that corps flush with cash are investing profits in technology in response to WFH. NYC is going to have to become more competitive cost wise. The old days of its NYC so you have to pay up for people is declining and will continue to.

  135. Libturd says:

    At this point, have two Covid Insurance pools. Those against mandates and vaccination will not be covered by the socialized healthcare that is covering Covid care. If they want, they can join their own insurance pool or pay out of pocket. Can’t afford either, get the free vaccine.

    Boom. Problem solved.

  136. The Great Pumpkin says:

    Chi, lefty, and any others….a ton of vacancies right now in urban teaching. Come put your money where your mouth is and start helping these schools by becoming teachers. Then tell me how easy it is.

    leftwing says:
    September 10, 2021 at 9:29 am
    “Actually, all you have to do is actually grade it for correctness and they do it. Moreover, I set up my assignments online so they all have randomized numbers so no two students have the same numbers. They can discuss how to solve it, but cannot copy answers.”

    That would actually take work, rather than bitching and whining how difficult and underpaid your job is…

    “You can clearly see the influence of an excellent teacher at work.”

    Boom

  137. The Great Pumpkin says:

    Wasn’t talking about Wayne. Wayne is not avg. It’s above avg. Same with every single district you guys live in. Then 3b has the nerve to say what’s so good about nj schools, schools are the same no matter where you live. Keep telling yourself that. You had it so good in your blue ribbon district that you think it’s nothing special. You guys need to wake up and smell the coffee.

    By the way, only 30% of the population graduates from college. Let that sink in. You guys are all out of touch with the avg american citizen and don’t even realize it.

    Yea, NJ public education is nothing special….smh.

    Libturd says:
    September 10, 2021 at 9:09 am
    BRT/ChiFi,

    Don’t mean to knock the Wayne public school system but it sounds completely different than my kids 11th grade peers. Maybe in each regular level class there are 3 or 4 C/D students who just don’t care. But the other 95% do their homework and generally understand the value of education. The truth is, probably 80% of the families who live in Glen Ridge chose to pay our exorbitant taxes and property values in exchange for a superior school system. Ten percent still send their kids to private schools and the other ten percent are aging in place. The vast majority moves out the moment their last kid graduates, like we plan to.

    What makes our schools better? Gator Jr.’s 7th grade Spanish teacher said it best at back to school night a few years ago. She used to work in Paterson teaching Spanish speaking kids how to speak Spanish. She said, “I’m never going back there.” She said our kids work hard to learn the language and appreciate her. Heck, my kid is now in Spanish Honor Society with about 100 other kids, which is impressive considering that his school only has about 200 kids per grade. You can clearly see the influence of an excellent teacher at work.

  138. Bystander says:

    3b,

    As someone very active in the market, it is wild west right now. I went through 4 rounds of interview with payment start-up but missed out unfortunately. It was big step up, about 50% increase and completely remote too. That was unicorn. I had phone screen with Lazard and he said hybrid-office situation. I asked what that meant as follow-up and they ghosted me. I had phone screen with Bank of Montreal and they were absolutely non-commital about WFH. Kept saying they are remote until COVID is over. Hard to take a job when they can’t define a thing. It is all over the place but if you ask, I think recruiters simply move on. They want lap-dogs desperate to take whatever sh*t they offer with no questions. And you wonder why hiring is as atrocity..we are suffering with deliverables yet execs don’t want to adapt at all to new costs or remote work. It is a absolute standstill…but not in India. Everyone getting multiple offers and can’t keep up with replacements and declines

  139. The Great Pumpkin says:

    Do you understand how much easier your job is than mine? All you have to do is teach. You don’t have to motivate at all. Your students get upset when they don’t get an A. My students don’t give a f/k what their grade is.

    BRT says:
    September 10, 2021 at 8:36 am
    Actually, all you have to do is actually grade it for correctness and they do it. Moreover, I set up my assignments online so they all have randomized numbers so no two students have the same numbers. They can discuss how to solve it, but cannot copy answers.

  140. The Great Pumpkin says:

    Do you have students coming 10 min late everyday? Do you have students that are absent at least once almost every week? I’m at war every single day and people like lefty have the nerve to say work harder and stop bi!ching…clueless.

  141. BRT says:

    You can’t describe my job as easy as you don’t have the educational background or the ability to do my job.

  142. The Great Pumpkin says:

    You are such a loser. You really are.

  143. Bystander says:

    Sure Jerry..

    US producer prices jump an unprecedented 8.3% in August
    Inflation at the whole sale level climbed 8.3% last month from August 2020, the biggest annual gain since the DoL started calculating the 12-month number in 2010.

    Jerome Powell has called the price spikes temporary and has warned of the dangers of the central bank raising its benchmark interest rate.

  144. 3b says:

    Bystander: The better firms are offering WFH. My HR friends tell me any position that they have determined can be WFH. They also tell me it’s one of the first questions prospective job candidates inquire about. The old fogeys May have to be dragged kicking and screaming, but WFH is where it’s going.

  145. Bystander says:

    Blumpy’s big accomplishment are taking advantage of senile babcia
    and marrying up.

  146. BRT says:

    You are such a loser. You really are.

    maybe…but I won the argument

  147. NJEA Enforcement Officer says:

    Both of you need to come down to the regional Wayne office for reeducation.

    PREAKNESS VALLEY OFFICE PARK
    504 VALLEY RD ROAD, SUITE 150
    WAYNE, NJ 07470

    https://www.njea.org/about/regional-offices/details/?scope=region&id=27

  148. Ex says:

    Two teachers diametrically opposed. Yes, the toll of teaching in a title 1 school is enormous. Yes, you are a brilliant, science teacher, apparently. We each make our own choices based upon our life experience and our skills. Yes, you are both two grains of sand in a vast ocean. You will both live and die and hardly anyone will notice.

  149. BRT says:

    Ex, I don’t claim my job is difficult…at least for me. It’s actually quite easy, because I know what I’m doing. That being said, I’m well aware that 99% of the population cannot do my job of a being a Physics/Chemistry teacher at the high school level.

    Great Orange October-themed Giant Squash, if you are going to plead your case about how hard your job is teaching in an Abbott district, by all means leave. It’s not like the past year there weren’t literally hundreds openings in the state for any subject. Maybe you can live the good life like me apparently. For someone who claims to be so wealthy, successful and well off, you sure do fear the possibility of working anywhere other than under the safety net of the district that granted you tenure. You obviously hold a lot of a resentment for the environment in your district given that you’ve yet to make a single positive comment about it in all the years you’ve been spamming this board.

  150. Ex says:

    2:07 that pain is exquisite

  151. Ex says:

    Marrying up is just common sense.

  152. Trick says:

    BRT, My wife teaches HS BIO, B’s, honors, and a forensic class that she positioned to add to the curriculum. While she is setting up labs or fake crime scenes, other teachers sit in the lounge just re-using last years work. But her biggest complaint is the administration and the parents as the marking period is ending.

  153. leftwing says:

    “Then tell me how easy it is.”

    Didn’t say it was easy. Implied you were lazy. Said you were a whiny bitch.

    Reading comprehension….try it sometime.

  154. Libturd says:

    I would consult with LAKRESHA before you are reeducated.

  155. Libturd says:

    “Inflation at the whole sale level climbed 8.3% last month from August 2020, the biggest annual gain since the DoL started calculating the 12-month number in 2010.”

    Hope those covid stimulus checks were worth it. Me thinks, like property taxes, those inflation numbers are not going to come back down.

  156. BRT says:

    Trick,

    setting up Bio and Forensic labs probably takes forever during your off periods. And the admin probably ignores that and gives her extra duties. But yes, sounds familiar. Especially the parental BS trying to turn 88’s in to an A-. Oddly enough, I knew someone who taught those two classes in a town that starts with a B. Maybe I knew her?

  157. 3b says:

    Lib: Jerome says it’s transitory! Stop being so negative! You are old , you just don’t understand!

  158. Trick says:

    No, starts with an R

  159. leftwing says:

    “You can’t describe my job as easy as you don’t have the educational background or the ability to do my job.”

    Fcuking priceless. lol.

    Reply of the day.

  160. The Great Pumpkin says:

    Wasn’t going to reply, because quite frankly, I’m so sick of people like you. Go cry about the democrats you whiny bitch.

    leftwing says:
    September 10, 2021 at 3:32 pm
    “Then tell me how easy it is.”

    Didn’t say it was easy. Implied you were lazy. Said you were a whiny bitch.

    Reading comprehension….try it sometime.

  161. The Great Pumpkin says:

    Exactly what I said. You have it easy. Your words, not mine.

    BRT says:
    September 10, 2021 at 2:13 pm
    Ex, I don’t claim my job is difficult…at least for me. It’s actually quite easy,

  162. Bystander says:

    3b

    If Oz Powell was smart he would be transitory. This thing is going to explode..just got realtor card bragging that 3 house sold 15% more than already insane price.

  163. BRT says:

    Reading comprehension….my job is easy to me. It would be impossible for you.

  164. The Great Pumpkin says:

    Brt,

    You are the typical science teacher who thinks they are better than all the other teachers and are mad at the world you are stuck in a classroom teaching kids instead of in some lab.

    That’s why no one likes the science teachers. I really don’t like people like you.

  165. The Great Pumpkin says:

    Yes, you are some educator. No one is capable of learning science. So why are you teaching it? It’s impossible to learn.

  166. 3b says:

    Bystander: Jerome does not have a clue! 15 percent more then an already over inflated asking price, used no bubble my arse!!

  167. The Great Pumpkin says:

    I had enough of this place for the moment.

    Btw, do you know why I stay in my district? It’s called longevity. It actually works, it keeps teachers like me from jumping ship.

  168. BRT says:

    Yeah, we had longevity in my last district as well. I jumped ship and now get paid more than anyone there with their longevity.

  169. BRT says:

    Yes, you are some educator. No one is capable of learning science. So why are you teaching it? It’s impossible to learn.

    haha, no, my students are very capable. You are not.

  170. BRT says:

    You are the typical science teacher who thinks they are better than all the other teachers and are mad at the world you are stuck in a classroom teaching kids instead of in some lab.

    That’s why no one likes the science teachers. I really don’t like people like you.

    On the contrary you idiot. I work with plenty of amazing individuals in all subject areas. And I chose to stay in this career because I enjoyed it. I had plenty of other career options with my multiple degrees across several disciplines.

    Pumpkin: You hate all the other teachers, you are a bad person.
    Also Pumpkin: I hate all science teachers

  171. 3b says:

    Pumps: Seriously you should not make broad statements like no one is capable of learning science. It’s simply not true, yet you state it as fact.

  172. Juice Box says:

    Fight! Fight! Fight!

    Sorry BRT but in real life I bet Pumps would beat you like a rented mule.

    3 PM behind the gym..no biting or scratching are the rule first to scream uncle loses.

    Odds are 3 to 1 on Pumps any takers?

  173. chicagofinance says:

    Devo needs to sue the NFL for copyright infringement:
    https://www.youtube.com/watch?v=FN-rZGw05Gs

  174. BRT says:

    I can’t fight him, he has a six pack.

  175. The Great Pumpkin says:

    I was being sarcastic.

    Anyone can learn, the only difference, how fast they learn.

    3b says:
    September 10, 2021 at 5:18 pm
    Pumps: Seriously you should not make broad statements like no one is capable of learning science. It’s simply not true, yet you state it as fact.

  176. The Great Pumpkin says:

    Brt,

    We need good science teachers, so I do appreciate the people who sacrifice to teach the next generation of science teachers.

    I just wish you weren’t such a prick.

  177. The Great Pumpkin says:

    Juice,

    He is a heavyweight, so he does have a slight chance if he connects on one punch, but he is def prob in trouble. I’ll kick his weak knee right out. Once he is on the ground, he is not getting up.

  178. 3b says:

    Pumps: I stand corrected.

  179. Juice Box says:

    I would think we are all successful indivi*duals in LIFE here, that is perhaps WHY we are here to learn from the various experiences of the broad spectrum of Jersey misfits we are. Even Ex. who is by now a lifer in Cali still comes back for more Jersey.

    It simply amazes me how EVEN we cannot take someone else’s view point and learn from it.

    Again we all live in our own minds, so really try not to get upset, and just learn. I am well season*ed but really seeing that I had a part in making two NJ teachers fight spells the end of this special place.. rebooted it for the pande*mic but really if all there is figh*ting then well might be time to pull the plug yet again…

  180. Ex says:

    40 years in the desert. My ultimate destiny.
    My life in Jersey was awesome. I left a couple of great
    friends and a decent secure job to venture out here.
    Lord it’s hotter than hell. Fuggedabout rain.

  181. The Great Pumpkin says:

    Juice,

    Think we all are passionate individuals in one way or another, and that’s the source of conflict. I’m prob way too sensitive on here and should just ignore the jabs when they are thrown. Sorry.

  182. The Great Pumpkin says:

    People are correct, I should have left my district long ago. That was my mistake. My problem is, how urban school teachers get no respect, and take all the blame for failing communities. I know I try hard, but I can only do so much. How do you know I’m a passionate hardworking teacher going into their 17th year, just look at how much I defend the profession on here. Think someone that doesn’t care and has no interest would be defensive? No way…

  183. Ex says:

    All teachers are taken for granted.
    It’s a calling and of course a job.
    I’m sure you’ve had a positive impact
    on someone – You’ve probably touched
    a lot of children.

  184. 3b says:

    Juice: Take a step back and a deep breath. I know it was not your intention to start a fight between BRT and Pumps. I think for the most part most people here get along.

  185. BRT says:

    Juice, you had nothing to do with it. I’m just jabbing at him because he earned it.

  186. Juice Box says:

    LOL – bigger things in life teachers (and I love you all), my neighbor rebooted their pre-pandemic annual B-day party. Tonight lots of outdoor karaoke and drinking. We were not invited, no biggie I just set off enough fireworks to get a few smiles….real stuff too PoPo been here twice……I could spend time over this…

  187. Juice Box says:

    Point is like some of the older posters mention time moves quick, and I will say we are all a success in our families.

    The theme here for most is we have succeeded besides the odds, bad parents, bad luck etc and we all FUC*KI*NG know this……

    Celebrate folks time is short…

  188. Chicago says:

    Ex: that is a substantial allegation with potential legal consequences. I would think seriously about whether you plan to stand behind that charge.

    Ex says:
    September 10, 2021 at 8:04 pm
    All teachers are taken for granted.
    It’s a calling and of course a job.
    I’m sure you’ve had a positive impact
    on someone – You’ve probably touched
    a lot of children

  189. Ex says:

    Stand behind….’snicker’

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