From HousingWire:
Share of cash sales fell in October to 34%
Cash sales accounted for 33.9% of total home sales in the month of October 2015, according to CoreLogic, compared to 36.4% in October 2014.
Cash sales increased by 1.4% compared to cash sales recorded in September, but that uptick is typical for October over September, CoreLogic reported. Further, the property data analytics firm said that the best gauge in determining cash-buyer trends is through yearly change, as opposed to focusing on month-to-month numbers.
When cash sales peaked in January of 2011, cash transactions accounted for 46.6% of total home sales nationally. Prior to the housing crisis, the cash sales share of total home sales averaged approximately 25%.
If the cash sales share continues to fall at the same rate it did in October 2015, the share should hit 25% by mid-2018.
Distressed sales, which include real estate-owned properties and short sales, accounted for 9.4% of total home sales nationally in July 2015, down 2.1 percentage points from July 2014 and down 0.4 percentage points from June 2015, CoreLogic reports.
REO cash sales share increased in October to 59.7%, short sales made up 31.3% and newly constructed homes at 16.7%. While the REO percentage of cash sales was high, REO transactions only accounted for 7.3% of all sales in October 2015. When cash sales peaked in January 2011, REO sales represented 23.9% of total home sales.
…
Per the report, Alabama had the largest cash sales share of any state at 51.7%, followed by Florida (46.7%), New York (46.3%), West Virginia (44.4%) and Indiana (40.8%).Of the nation’s largest 100 Core Based Statistical Areas measured by population, Miami-Miami Beach-Kendall, Fla. had the highest cash sales share at 51.6%, followed by West Palm Beach-Boca Raton-Delray Beach, Fla. (50.9%), Detroit, Mich. (50%), Fort Lauderdale-Pompano Beach-Deerfield Beach, Fla. (49%) and Philadelphia, Pa. (48.9%). Syracuse, N.Y. had the lowest cash sales share at 13.9%.
Surprised to see that NJ cash buyer percentage is up at 37%.
50-100 years, wandering in the wilderness.
Chinese water torture.
Much gnashing of teeth.
Roaming the country in armed packs, sleeping by trashcan fires at night.
Smoke ’em if you got ’em.
Don’t look now…Deutsche Bank, sinking by the day.
Gold, bitchez!!!
Get ready for the silver moon shot. It’s coming.
From the Record:
N.J. Democrats introduce bill to increase minimum wage to $15
The minimum hourly wage in New Jersey would increase from $8.38 to $15 under a bill introduced Thursday by Democratic legislators.
Assembly Speaker Vincent Prieto, one of the bill’s sponsors, said the high cost of living in New Jersey makes it “unsustainable” for someone working a minimum wage job to get by.
“As more people fall into poverty we need to lift them up and help them join the middle class,” Prieto, D-Secaucus, said at a press conference flanked by union members and anti-poverty activists.
He noted that Seattle, San Francisco and Los Angeles have recently adopted a $15 minimum wage.
“I think we need to get on this and follow suit and do the right thing,” Prieto added.
A spokesman for Governor Christie blasted the proposal, saying it will kill jobs in New Jersey.
“Between nearly doubling the minimum wage and their effort to enshrine a $3 billion tax increase in the constitution, there is absolutely no end to what Democrats in the legislature will do to kill jobs, drive major businesses out of New Jersey and destroy an economy that is on the rebound,” said Christie spokesman Brian Murray.
…
New Jersey voters approved a ballot referendum in November 2013 that raised the minimum wage to $8.25 and pegged future increases to the cost of living. Before that, it had been $7.25 cents since 2007.
…
The president of an organization that represents New Jersey businesses said even talking about the minimum wage hike proposal would have a “chilling effect” on firms looking to invest in the state.
…
She said small businesses would be hurt by raising the minimum wage.
“The business community needs predictability in order to plan and what we’re doing is upsetting their apple cart again.”
[4] grim,
Hell yes, pass that b1tch. More work to my labor side practice from shops closing up in NJ and employers fighting it out with unions, and on the PA side, we should see more capital flight from across the Delaware.
5 – News flash – I’m the guy that moves the jobs – we ain’t going to PA.
Any small to mid sized business owner out there who is considering relocating to a more hospitable tax and regulatory environment should seek competent counsel. There’s mines in those waters but your attorney can chart them for you and save you serious coin. Or tell you if it even makes sense to relocate.
In fact, there is a big PA employer moving far, far out of PA.
PA is as bad as NJ, NY, CT, Mass, etc. Delaware bad for a different reason, too hard to hire unless you pay wages well over market.
[6] grim
News flash. It isn’t for everyone. Really depends on your situation. I’ve known of businesses that saved $$$ moving TO Jersey. But all other things being equal, lower taxes and labor costs favor this side of the Delaware.
Besides, someone has to stay behind.
We do low triple digit millions in business with a PA company (top 20, probably top 5 when you exclude government and retail) that says otherwise, and are talking loud with their dollars. Over the past 10 years they’d have probably moved 90% of their total employee count out of PA.
[8] grim
If they are moving far, far out, I suspect it’s for reasons other than a dislike of Yuengling and Iggles fans.
But if you have a small to mid business with unskilled or semiskilled labor that pays less that $15, and you can still service your clients from 15 miles to the west, you’d consider it.
Like I said, not for everyone. But there’s no denying the elasticity of cost inputs in Econ decisions.
[11] grim
To where? And why? One company anecdote doesn’t tell me much. In fact, it doesn’t tell me anything useful.
I’m just saying, I have better insight to mid-market and large enterprises that employ significant numbers of lower quintile wage employees than the average bear. I’m not talking about being an outsider. I’m talking about sitting at the table the c-suite to make the pitch to move thousands of jobs, to leverage skill, scale, wage arbitrage and technology to lower their costs. I’ve flown 16,000 in the last 4 weeks talking to c-suite executives about labor. This is essentially all I’ve done for the last 20 years – exploit technology to reduce labor costs, and exploit technology to enable labor arbitrage.
Another reason to hate Bush…..
Rolled out Barbara Bush on CBS This Morning to make his case.
Freakin’ pathetic. Run to Mommy. Get outta here.
Just referred to his Dad as “the greatest man alive”.
What the he11 is he, eight years old? He sounds like a second grader. I want my mom when things go bad and my dad is better than your dad.
Seriously?
And I will tell you – nobody is moving jobs into PA en mass. There are plenty of great markets in the US. PA is an export market. I’m not talking about a contractor hiring 4 nearly illegal laborers right over the river.
It’s cheaper, easier, and faster to move 500 back-office employees out of NJ into the Philippines and Latin America than it is to move them across the river.
I know, I’ve done it.
Looked at colleges in PA, for daughter, kept thinking, with exception of Philly area, kept thinking where is their a job…?…she just decided on UNCG.
forgive spelling…everyone home today, all schools now closed..that snow is wet and heavy…
Jobs guess -207k
[17] grim
I’m not taking issue with your view and the jobs you are moving but two thoughts:
First, you are talking about offshoring, which doesn’t implicate the cost differential between NJ and PA. Totally different league and different cost inputs.
Second, you don’t cover the entire regional economy and there’s a wide gulf between your F500 clients and a contractor and 4 illegals, who isn’t much affected by state wage laws anyway.
And I never raised en masse. Gains and losses are at the margins, and even if PA is a net exporter, it is like the two guys who see a charging bear: I don’t have to outrun the bear, I just have to outrun you.
PA elected Tom Wolf (AKA DeBlasio light), I don’t see anyone rushing in there to set up shop right now. He’s also decided to try taxing the oil industry right after energy prices have crashed so he’s doing everything he can to become known as a job killer.
Besides, it sounds like we are arguing for the same thing for the same reasons. It helps you move phone reps to Manila and it helps me move HVAC shops to Morrisville.
Actual-151k
UE at 4.9% Wages up .5%
[22] nwnj
Have to take some issue with you there. As much as I don’t like the guy or many of his policies, he did propose an intriguing and well thought out tax reform plan. Incredibly, I found it to be regressive overall. It is clearly aimed at making PA more competitive for businesses taxwise but there are enough things not to like in the entire proposal that it is DOA in Harrisburg.
A shame really. There were things in it that the business community could get behind
I’ve got clients out of PA for which we employ about 20 fte – it’s not just F500.
The radical shift in the last 5-7 years has been the lower barrier to entry of small players into outsourcing/offshoring. It used to be only in the purview of the large players, with huge up-front costs. Today, that doesn’t exist – transition costs are now razor thin, and technology makes it absurdly easy to extend the enterprise thousands of miles with a few clicks. Now, the move is into startups, 4-5 people. Why? It’s significantly less expensive, and less capital intensive, for us to start it up than for a small player to do it. You would think we wouldn’t be interested in business that small, but small businesses can turn into big businesses. We have some small mobile/ecommerce clients that started with 5 people, that are now into the hundreds.
Not sure if you really appreciate this, but this extends to some very small players. Was out in PA a year and a half ago with a small specialty retailer based out of Consohocken, PA. Smaller than you would imagine, although they have a couple hundred stores across the US. We didn’t win that business, but one of our competitors did. I think that was about 40-50 PA jobs moved into the southern part of the US.
Even when companies are moving their operations, headquarters, etc – that increases chances are they are going to carve off the back office and outsource it in conjunction with the move. So even when a state is the beneficiary of an HQ move, chances are the back office jobs aren’t coming along with it.
[27] grim
I can appreciate that size isn’t a factor. But there are a lot of inputs here. Not all businesses can be relocated that far from their customers, even in this e-commerce age. I can’t advise a pool installer to recite to Texas but try to sell installations in South Jersey. I can’t advise UPS to set up a distribution center in Salt Lake that services the Trenton area. But I can suggest that they might (depending Ina host of variables) save coin by setting up in Bucks vs Burlington counties.
And you make my point about regional vs national or international differences.
Finally, are we not both talking about the same thing? Arbitraging labor and other costs? Isn’t the reason you are moving biz out of NJ the same one I’m saying will drive some (not all, not even a robust percentage, but some and don’t ask me to give a number) across the river?
28 – All the examples you mention are predicated on the broader region seeing economic recovery and growth. Not only that, you are predicating your examples on PA servicing the larger NJ economy.
The physically linked economy is only a small subset of the broader regional economy, and frankly, is likely not sufficient. Not to mention, becomes very small when you realistically consider cost.
Should the NJ economy fall, PA falls with it. What is the point of the Pool Installer moving to PA if they have no more customers? It’s a whole other thing if UPS moves to Bucks because the bulk of their deliveries are now into Bucks, that ain’t happening. Likewise, a plumber with business in North Jersey isn’t doing to move to the Poconos. What they would lose in fuel costs, wear on vehicles, and paying out wages for unproductive work would vastly outweigh the cost savings.
Seems hollow to rah rah the move of a small employer relocating into PA, when that is foreshadowing the collapse of the entire region. Again, the pool installer is moving to PA because his sales and installations are falling, and he needs to do it to stay afloat, not because he can reduce his cost structure by 5%. Companies that are doing well, and growing, don’t move away from their customer base.
Don’t make it seem like PA is the beneficiary of a migration of NJ jobs, because it ain’t. And the broad region losing jobs, is a negative for the entire region. You are cheering a birthday candle being blown out when the entire house is in flames.
I’m not a fan of Wolf or his policies. He wants to reduce property taxes with an offset of an increased income tax.
Guess who foots the bill? Working people.
Guess who gets a tax break? Fat diabetes riddled boomers and the like.
I do think there are a few compelling places in PA right now. Pittsburgh with a low cost of living and CMU, Pitt etc. is picking up medical and technology jobs.
I also still think the Lehigh Valley has some a business case for some industries. It’s a nice geographic location for the entire east coast and it’s not NJ.
On net I see more jobs growth going into Columbus than Pitt. Columbus is certainly growing faster.
You also have Indy and Cleveland right there as well. Columbus growth is green field – Pitt is redevelopment. Pitt is like NJ – saddled by aging infrastructure and historical baggage.
Grim,
Where does outsourcing go in Latin America?
Do you see much movement into Panama?
If you are thinking the US economy is going to rebound, and retailers are going to be beneficiaries – Columbus is your place. Columbus area is one of the strongest single concentrations of retailers in the US. Combine that with cin cin and Ohio is the king of retail.
Panama is an amazing market for outsourcing, some of the best quality employees in the world. They make the american labor market look like a third world country in terms of quality. We have 3 sites there.
I’ve never been to Columbus but I’m a fan of Ohio. Everyone I’ve ever met who came out of the state are quality people. Kasich I believe is qualified to be president and him getting lost in the trump sideshow is unfortunate.
And you can call it green field/brown field or whatever you want but a lot of the demographic shift is moving toward urban living.
But really, Panama, Colombia, and Nicaragua are the major latam destination markets.
Great for home invasions as well.
Fly Copa much?
No I don’t ever go down there.
I’ve been down there a few times. It seems to be for South Central America what Singapore is for Asia. Transport, HQ, and offshore banking center. Also hear that many Venezuelans have fled to there.
Panama is an amazing market for outsourcing, some of the best quality employees in the world.
When everything has been outsourced, where will the tax revenue come from? What will sustain our economy?
Another small business closed in N.J.
http://bit.ly/1PEY8Yc
42.
“When everything has been outsourced, where will the tax revenue come from? What will sustain our economy?”
30. ” Who will pay for the Fat diabetes riddled boomers and the like?”
Who will pay our Social Security, Medicare etc? -Adults, Ask yourselves the questions- you can’t put the load on a group of young people that have had their jobs eliminated so you could line your own pockets…
There is a reason they are called locusts….
41 Fast Eddie,
What is your definition of “best quality employees in the world?”
#44…you mean to direct that to Grim at #34…
1987 Condo,
You are right. I stand corrected..
Illegal worker, files illegal paperwork.
Illegal contractor, does not do federally mandated background check.
Subcontractor- muddies up the water as to he said she said.
Hey, we are all making money. Take a chance, roll the dice…..
http://usat.ly/20L5q09
RR [43];
Sadly out of date, but check out https://www.facebook.com/GenLocust/
There are people stupid enough to believe that you can eat the cow and drink the milk. The people booms have been screwing for a decade will be the generation in power when they are at their most helpless.
We tried moving jobs down south. The exec running that almost landed in jail over his shenanigans of trying to outsource jobs to a shell company he owned. New exec a southern boy spends his days outside smoking and getting nothing done. This year we are trying to tighten allot, the bean counters gave us a big $ goal. We won’t achieve it without some blood spilling into the street, hopefully it won’t be my blood.
49.
Chain the bean counter to the workstation and tie his food allotment to the same production number that he calculated….
This is a symptom of a much larger problem. In this case, he just used the system to the maximum, with pure arrogance. The correct way is to use the same system, with a little less-well, maybe the same amount of arrogance, yet to go undetected. He made the mistake of showing his cards.
Bottom line, plenty of others are doing things just as bad-or worse- and going undetected in the background.
They will make an example of him so the general public will think they are “crimefighters” and that they actually have morals when they are absent of the same moral character that he is…
http://usat.ly/23NFPGg
This fact has been well known for at least three decades……see attached…
https://www.youtube.com/watch?v=w-NshzYK9y0
grim says:
February 5, 2016 at 9:50 am
Panama is an amazing market for outsourcing, some of the best quality employees in the world. They make the american labor market look like a third world country in terms of quality. We have 3 sites there.
“The moderation in hiring still leaves the job market on solid footing and shows companies are confident about the outlook for domestic sales. A further tightening of labor conditions that sparks wage gains would help assure Federal Reserve policy makers that inflation will reach its goal.
“This is a very encouraging report — the fact that wages rose is very important, the unemployment rate continues to go lower, and job growth at 151,000 is still a good number,” said Kathy Bostjancic, an economist at Oxford Economics USA in New York, which is among the best forecasters of the payrolls data over the past two years, according to data compiled by Bloomberg. “We can’t continue at December’s pace going forward — that’s not sustainable.”
While employment at temporary-help agencies and couriers declined in January following a ramp-up ahead of the year-end holidays, the labor market showed strength elsewhere.”
http://www.bloomberg.com/news/articles/2016-02-05/payrolls-in-u-s-rose-151-000-in-january-jobless-rate-at-4-9
The Great Pumpkin is coming! 2017-2018 looks dead on.
“Friday’s data showed a much-awaited pickup in wage growth is starting to manifest itself. Average hourly earnings rose 0.5 percent from a month earlier to $25.39. The year-over-year increase of 2.5 percent followed a 2.7 percent jump in the 12 months ended in December, which was the biggest advance since mid-2009.
At least some of the increase was due to 14 states beginning the new year with higher minimum wages. Of those, 12 increased their minimums through legislation, while two states automatically boosted their wage rates through cost-of-living adjustments.
Minimum-wage legislation “may have boosted average hourly earnings a little bit for the month, but minimum wage jobs and other categories that are associated with that are still a relatively small component of the distribution of employment,” said Russell Price, a senior economist at Ameriprise Financial Inc. in Detroit.
The report also showed the average work week for all private employees increased by 6 minutes to 34.6 hours, the longest since August. A longer workweek often amounts to greater take-home pay for many employees.”
“Banks are watching wealthy clients flirt with robo-advisers, and that’s one reason the lenders are racing to release their own versions of the automated investing technology this year, according to a consultant.
Millennials and small investors aren’t the only ones using robo-advisers, a group that includes pioneers Wealthfront Inc. and Betterment LLC and services provided by mutual-fund giants, said Kendra Thompson, an Accenture Plc managing director. At Charles Schwab Corp., about 15 percent of those in automated portfolios have at least $1 million at the company.”
http://www.bloomberg.com/news/articles/2016-02-05/the-rich-are-already-using-robo-advisers-and-that-scares-banks
God knows how many are doing the same thing, but hide their evil through a poker face of helping society.
Raymond Reddington formerly Phoenix says: says:
February 5, 2016 at 12:03 pm
This is a symptom of a much larger problem. In this case, he just used the system to the maximum, with pure arrogance. The correct way is to use the same system, with a little less-well, maybe the same amount of arrogance, yet to go undetected. He made the mistake of showing his cards.
Bottom line, plenty of others are doing things just as bad-or worse- and going undetected in the background.
They will make an example of him so the general public will think they are “crimefighters” and that they actually have morals when they are absent of the same moral character that he is…
http://usat.ly/23NFPGg
What is your definition of “best quality employees in the world?”
I’d like to know what that means as well.
There goes some good paying jobs. Positive disruptor says the guy who gets to keep one of the few jobs left.
Same old theme, get rid of jobs in the name of efficiency. What is efficient about more money going to fewer hands. The velocity of money is being destroyed in the economy. If this keeps up, you have to question what purpose will money serve in the economy? Money in a capitalist system is nothing more than a tool used to balance out the scarcity of resources through supply and demand, so what function will money serve if the money is in a limited amount of hands? How will people signal what they demand without the tool (money) do so in a capitalist society.
WE ARE SO SCREWED if they keep this up. You seriously will need to come up with an economic model where you just give people money for doing nothing.
“Traditional brokerages including Morgan Stanley, Bank of America Corp. and Wells Fargo & Co. are under pressure to justify the fees they charge as the low-cost services gain acceptance. The banks, which collectively employ about 46,000 human advisers, will respond by developing tools based on artificial intelligence for their employees, as well as self-service channels for customers, Thompson said.
“Now that they’re starting to see the money move, it’s not taking very long for them to connect the dots and say, ‘Whatever I offer for a fee better be better than what they’re offering for almost nothing,”’ Thompson said. Technology will “make advisers look smarter, better, stronger and more on top of the ball.”
Keeping Humans
Robo-advisers, which use computer programs to provide investment advice online, typically charge less than half the fees of traditional brokerages, which cost at least 1 percent of assets under management. The newer services will surge, managing as much as $2.2 trillion by 2020, according to consulting firm A.T. Kearney.
More than half of Betterment’s $3.3 billion of assets under management comes from people with more than $100,000 at the firm, according to spokeswoman Arielle Sobel. Wealthfront has more than a third of its almost $3 billion in assets in accounts requiring at least $100,000, said spokeswoman Kate Wauck. Schwab, one of the first established investment firms to produce an automated product, attracted $5.3 billion to its offering in its first nine months, according to spokesman Michael Cianfrocca.
Bank leaders including Morgan Stanley Chief Executive Officer James Gorman and Wells Fargo Chief Financial Officer John Shrewsberry have said their firms must develop robo-advisers to complement their sales force.
Customers want both the slick technology and the ability to speak to a person, especially in volatile markets like now, Jay Welker, president of Wells Fargo’s private bank, said in an interview.
“Robo is a positive disruptor,” Welker said. “We think of robo in terms of serving multi-generational families.””
[29] grim,
Sorry for the late reply but, like you, I had to return to the savaging our local economy, much like returning to the liver of Prometheus to rip off a piece.
I think I see the disconnect: You state that “[a]ll the examples you mention are predicated on the broader region seeing economic recovery and growth. Not only that, you are predicating your examples on PA servicing the larger NJ economy.
The physically linked economy is only a small subset of the broader regional economy, and frankly, is likely not sufficient. Not to mention, becomes very small when you realistically consider cost.
Should the NJ economy fall, PA falls with it. . . .”
Basically, I disagree with each premise. First, I don’t believe I am predicating what you say I am. I think you can see movement between jurisdictions in a declining economy. In fact, I see no reason why the regional economic outlook and interjurisdictional movement should be linked. As for the predicate that PA services NJ at large, I also don’t think I made that point, nor would I consider it. That makes no sense. At the margins, maybe, but not as a general proposition. As for the physically linked economy, I disagree that it is that small. I am not prepared to deep dive into numbers but I do believe that small to mid-sized businesses that require physical presence exist in sufficient enough numbers that a percentage shift in their locations would be felt. How badly felt remains to be seen. And the final point, should the NJ economy fall, so does PA, well probably but again I don’t see that as a controlling factor in cross-border migration.
In essence, you appear to be looking macro factors and I am looking at micro. If you take the position that offsets in the macroeconomy counteract any effect from the reactions I discussed, that’s a fair point but it doesn’t mean the reactions don’t occur. One sees that in tax and econ dev policy–it may well be that NJ is fiscally better off with a $15 per hour min. wage. But certain employers won’t be and they may react. This is no different than what is playing out in jurisdictions where advocates for higher wages concede job losses. My point is that those lost jobs don’t simply all vanish, many go somewhere else. And if they leave NJ but don’t go to PA, then that at least proves half my point.
Anyway, paying clients beckon and I’ve got a short day so its back to the salt mine.
And the haves better not bi!ch about having to support people that don’t work. They did this to themselves by eliminating so many jobs in the name of efficiency (aka efficiency is just a nice way of saying that I want unsustainable profits by taking it all).
“WE ARE SO SCREWED if they keep this up. You seriously will need to come up with an economic model where you just give people money for doing nothing.”
#58..on the other hand, not sure my brother’s BIL was worth $1 million a year total comp for, as he explained to me, picking up the phone from his named clients and putting their bond order into the system on their behalf.
Some of these people shouldn’t get a dollar back. They were the idiots overcome with greed that caused them to lose their money. The little guys who were screwed by their investment advisers should be the only people getting their money back. They never came in contact with madoff, they were too simpleton to know the returns were not sustainable unless he was lying.
http://www.bloomberg.com/news/articles/2016-02-05/why-is-the-u-s-still-sitting-on-4-billion-in-madoff-money
Nom, I would argue that the economies of Ma, nj, conn, ri, ny, pa, md, de, and dc are more connected than you think. It’s one huge megalopolis. So yes, if nj goes, so does Pa.
“Should the NJ economy fall, PA falls with it. . . .”
Basically, I disagree with each premise. First, I don’t believe I am predicating what you say I am. I think you can see movement between jurisdictions in a declining economy. In fact, I see no reason why the regional economic outlook and interjurisdictional movement should be linked. As for the predicate that PA services NJ at large, I also don’t think I made that point, nor would I consider it. That makes no sense. At the margins, maybe, but not as a general proposition. As for the physically linked economy, I disagree that it is that small. I am not prepared to deep dive into numbers but I do believe that small to mid-sized businesses that require physical presence exist in sufficient enough numbers that a percentage shift in their locations would be felt. How badly felt remains to be seen. And the final point, should the NJ economy fall, so does PA, well probably but again I don’t see that as a controlling factor in cross-border migration.
In essence, you appear to be looking macro factors and I am looking at micro. If you take the position that offsets in the macroeconomy counteract any effect from the reactions I discussed, that’s a fair point but it doesn’t mean the reactions don’t occur. One sees that in tax and econ dev policy–it may well be that NJ is fiscally better off with a $15 per hour min. wage. But certain employers won’t be and they may react. This is no different than what is playing out in jurisdictions where advocates for higher wages concede job losses. My point is that those lost jobs don’t simply all vanish, many go somewhere else. And if they leave NJ but don’t go to PA, then that at least proves half my point.”
“Traditional brokerages including Morgan Stanley, Bank of America Corp. and Wells Fargo & Co. are under pressure to justify the fees they charge as the low-cost services gain acceptance.
Same thing with house agents, they really don’t serve a purpose. The same can be said for most sales positions, car salespersons, etc. There’s no value added. You need a skill or you’ll be left behind.
Comment is hilarious from this article.
“Actually I don’t want to see this bill repealed ,being selfish this bill has helped more seniors flee the state that would stay and live in the state until they die …if this is what it takes to free up housing stock from them I’m all for the tax to force them to leave …”
http://www.nj.com/opinion/index.ssf/2016/02/repeal_the_transfer_inheritance_tax_to_make_nj_mor.html#incart_river_home
surfacing briefly to note that Splat has taken up residence as a Citi analyst:
“The global economy seems trapped in a “death spiral” that could lead to further weakness in oil prices, recession and a serious equity bear market, Citi strategists have warned.
Some analysts — including those at Citi — have turned bearish on the world economy this year, following an equity rout in January and weaker economic data out of China and the U.S.
“The world appears to be trapped in a circular reference death spiral,” Citi strategists led by Jonathan Stubbs said in a report on Thursday.”
[63] pumps
If you read closely, you will note that I am talking about something else. Grim’s thesis and mine are not mutually exclusive.
Panama! Pana ma ah ah ah ah ah. Panama!
#65
Idiot, the people with the cash still own homes in NJ, they just don’t have residency. Look into the difference dummy.
DURHAM, NH—Delivering an impassioned statement Friday during a campaign stop at Lou’s Diner, Republican presidential candidate Chris Christie reportedly described the jihadist militant group ISIS as a “grave, towering, meaty threat” to the United States while staring intently at a customer’s corned beef sandwich. “They are a violent, hateful, mouthwateringly delicious force that’s stacked high throughout the Middle East,” said Christie, licking his lips and promising the restaurant patron that the savage, savory extremists “wouldn’t last 30 seconds” under his administration. “These salt-cured, thinly sliced, melt-in-your-mouth radicals want nothing more than to force the world to live under strict, melty Swiss cheese. Well, let me tell you: When I’m president, I won’t stop until we get those thick-cut rye bread fundamentalists in our hands, squeeze them down, and finish off every last brutal, succulent morsel of that delectable menace, reducing their terror network to crumbs.” At press time, Christie was explaining that to truly demolish the ruthless, juicy Islamic fundamentalists, he would seek to enlist the help of the Russian dressing.
I hope you are not calling me the idiot, I didn’t say that. I was laughing at the comment.
nwnj3 says:
February 5, 2016 at 2:48 pm
#65
Idiot, the people with the cash still own homes in NJ, they just don’t have residency. Look into the difference dummy.
[70] chifi
LMAO
Holy sh!t….have you seen this?
https://www.soylent.com/
What a disgrace — a nation selling itself off to the highest bidder…
http://money.cnn.com/2016/02/05/investing/china-buys-chicago-stock-exchange/
One of America’s oldest stock exchanges has just been sold to China.
The 134-year-old Chicago Stock Exchange reached a deal on Friday to be acquired by a Chinese-led group of investors.
The purchase by Chongqing Casin Enterprise Group is the latest U.S. investment made by China and would give the country a foothold in the vast American stock market.
74. By hey they own a ‘real’ exchange now.
Twitter suspends 125,000 ‘terrorism’ accounts
Is anon gone for good?
or maybe they are suckers……
http://www.nytimes.com/1989/10/31/business/japanese-buy-new-york-cachet-with-deal-for-rockefeller-center.html?pagewanted=all
Statler Waldorf says:
February 5, 2016 at 4:23 pm
What a disgrace — a nation selling itself off to the highest bidder…
http://money.cnn.com/2016/02/05/investing/china-buys-chicago-stock-exchange/
One of America’s oldest stock exchanges has just been sold to China.
The 134-year-old Chicago Stock Exchange reached a deal on Friday to be acquired by a Chinese-led group of investors.
The purchase by Chongqing Casin Enterprise Group is the latest U.S. investment made by China and would give the country a foothold in the vast American stock market.
http://www.nytimes.com/1995/09/12/business/japanese-scrap-2-billion-stake-in-rockefeller.html?pagewanted=all
As an aside…….Chicago as a city and Illinois as a state are in BIG trouble…..New Jersey is rolling in it by comparison…….
2 buildings collapsed in Tainan City, Taiwan after a 6.4 magnitude earthquake
Gold, bitchez!!!
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Unlomba supraeltrom et tali tali tali……..by the time you figure this one out, you’ll be dead….
Clot – What about platinum? Back in the normal pre-2008 world platinum only is priced below gold for a few milliseconds and then both shoot up precipitously. To my eye, platinum is more coiled and ready to strike than either gold or silver(though I see all of them rising, I’m just talking percentage gains). Also, all of the mined platinum that exists in the world would easily fit in grim’s basement. I’ll throw out one more outlier: The US 30 year treasury bond. I see it going to 2% for a couple years before this ridiculously long bond bull market ends. Kind of deny, meeny, money, moe – can inflation be put off one more time with massive QE?
Gold, bitchez!!!
Get ready for the silver moon shot. It’s coming.
Lol. Spellcheck changed eeny to deny, but I might like that better;-)
Noticing the second correction, I’m thinking that spellcheck now as achieved AI like abilities?: deny, meeny, money, moe
gówno w swoim wąsem
https://www.youtube.com/watch?v=CTtf5s2HFkA