From NJ Business:
NJ Home Prices Rise but Inventory Falls
Residential housing data released this week from New Jersey Realtors, the state trade association representing more than 61,000 Realtors, continues to point to a slower-than-usual summer market, with low inventory and higher borrowing costs restricting some market activity.
The single-family home median sales price for June was $530,000, which is $20,000 more than it was in June 2022, representing a 3.9% increase. New listings for this category were down 33.8% for the month, with just 7,167 new single-family homes listed. Closed sales were down a similar 21.1% over last year, with pending sales down 15%. The percent of list price received remains well over 100%, but reduced to 103.8% over last June’s 105.1%. There were just 12,975 single-family homes for sale in June, a 35% decrease over last year.
Mortgage rates ticked up slightly to an average of 6.81% for a 30-year fixed-rate mortgage as of July 27, and remain elevated over the rates from the same time last year.
The numbers for townhomes and condos have followed a similar pattern. Closed sales for the townhouse/condo market were down 22.9%, to just 1,993 recorded for the month. The median sales price rose to $370,000, a 2.8% increase over June 2022.
First
The percent of list price received remains well over 100%, but reduced to 103.8% over last June’s 105.1%.
Throw out the stats for this area, it skews the data. 120% of ask is the norm; chubby Mary gets to swim in a pool full of donuts for years with her newly found heist. Never mind the mold in the bathroom and the aroma of sweat and cigarettes, Mary gets her price (burp… fart).
I would hate to be tied to real estate sales/transactions right now. Outright brutal.
For the anti-renewables gang. Why is China pushing so hard with renewable energy if it’s just some lefty conspiracy to get your money? Why?
P.S. they are absolutely beating the chit out of the rest of the world when it comes to renewables.
So many pools, I’m clearly not a 1% like you all.
I just walk two blocks to the lake with the kids.
Sandy beach, splash pad, lifeguards, some big umbrellas and loungers. Most days there are only a dozen or so people. Pop in for an hour or two, hose off at home.
To make budget, the town opened the lake to out of towners, you don’t need a host to come anymore. Makes it a bit too crowded for peak time on the weekends.
I’d pay double if they shut it down again, it’s still cheaper than maintenance and power on a pool.
Pumps – China also builds more new coal fired plants than rest of the world, somewhere around 2 per week come online.
Text this morning. Sign economy starting to turn?
Hey michael I’m sorry to bother you but we need a little more time to pay the rent
We came back from vacation and now our job is not giving us many hours. We had one day last week and we came back on Monday. If you hear of any jobs that are hiring please let me know. I appreciate it! I have been putting in applications daily.
Grim,
Lake is money.
My pool looks beautiful right now. The water is 82 degrees, crystal clear, very nice. I will admit, pools are expensive and time consuming. I’ve had them most of my life. If you don’t keep them up and maintain them, they’ll turn ugly on you real quick.
My pool was filled with leaves and debris this morning from storm last night. We have town pools nearby however it looks extremely boring and is filled with lots of old folks. I could just as easily join one of the beach clubs nearby in Sea Bright too, but no real need or desire as my kids are in camp all summer with activities and trips and well they don’t need any additional activities as they are wiped out when they get home, my older son is in the camp training program to be a camp counselor and he also has soccer practice a few days a week if it is not too hot out.
We will hit the beach a few times and on days like today it’s swim for a hour or two and barbecue, that is after I get the pool cleaned. The robot is busy doing it’s job now. I might have to skim for maybe 10 minutes..
“I’d pay double if they shut it down again, it’s still cheaper than maintenance and power on a pool.”
Not with an Intex pool. I only opened the pool a little over a week ago. But the pool with all of its upgrades (Hayward pump/filter, Hayward skimmer, solar cover, autovac) was $1,100. It’s about 8,200 gallons. Chemicals used so far this year were 2lbs. of Cyamuric acid, 2 ounces of algae preventer and one bottle of Walmart bleach. All in, $10. I spend about 15 minutes after storms vacuuming. That’s it. We are on Summer #3 of our Intex. The size is perfect. Will probably keep it for one more Summer and then will sell it.
https://photos.app.goo.gl/FbhMZAwiFkFF8k1r8
This year I’ve used the pool frequently all because we finally found a competent pool maintenance firm & the water is perfect. Threw a new pump into the mix a couple of years ago. It’s a good sized concrete pool of fairly recent vintage with a jacuzzi areas and waterfall from that into the pool. Water temps off season are in the 50s. I understand ice baths are all the rage, but nope. To heat the pool off season from the 50 degree mark it can cost a few hundred dollars. Big natural gas heater.
Lib,
Fixed it for ya:
Will probably keep it for one more Summer and then will sell it for more than I paid for it.🤣
I doubt that but I bet I’ll be able to get at least half.
Steve Earle tonight at the Troubadour!
Getting close.
“The market tops when everyone feels the most confident and bottoms when everyone feels the least confident…
Right now we’re so confident we’re paying a higher multiple for stocks than we did at the high in 1929.”
Lol…it’s really incredible on what this market has done ytd based on the underlying conditions and really no good news. I’m starting to lean in to the idea that this is a massive blow off top to a long bear market rally. When the Fed said they don’t believe a recession is coming, was the writing on the wall that started making me go bearish.
Again, these are just my current feelings which can change on the dime based on new information.
When my low income renters send me the text I shared with the blog, it might be time to worry. These are your low skilled Amazon type workers. If they aren’t getting hours, production must be cutting back. We will prob see it in the data in a few months.
Again, they seem to be honest people. They have been with me for 7 years. They have never sent a text like this before. Maybe they messed up at work, and not just saying it, but I honestly think they are telling the truth. We have a really good relationship, and this is the family I subsidize big time by giving them a two bedroom for $1050. I am losing a lot of money, so I think they are grateful and wouldn’t mess around with the relationship. We will find out.
When the FED says NO, Pumpkin says YES.
Take a lesson from Lib please. Or pay him a %age to be your collection agent.
They were on vacation. But putting job applications in daily. WTF.
While you’re taking opportunity cost up the ass and they are delaying rent.
Yeah, this will end well….
While Everyone Else Fights Inflation, China’s Deflation Fears Deepen
Signs of deflation are becoming more prevalent across China, heaping extra pressure on Beijing to reignite growth or risk falling into an economic trap it could find hard to escape. A prolonged spell of falling prices—if it takes root—could eat into corporate profits, sap consumer spending and push more people out of work. Its effects would ripple across the globe, easing prices for some products that countries like the U.S. buy from China, but would also deprive the world of important Chinese demand for raw materials and consumer goods, Jason Douglas and Stella Yifan Xie write.
China’s Economic Recovery Weakens
China’s economy showed continued signs of weakness in July. An official measure of manufacturing activity contracted for a fourth straight month, while a gauge of activity in the services sector—a key driver of growth after China lifted its Covid-containment measures in January—fell to its lowest level this year. The readings offer fresh evidence that the country’s economy is struggling to rekindle momentum after a short springtime revival, Stella Yifan Xie reports.
Europe Returns to Timid Growth, but Bigger Headwinds Loom
The eurozone’s economy returned to growth in the three months through June, though rising borrowing costs, stagnating Chinese demand for European goods, the war in Ukraine and stubbornly high inflation are expected to darken the region’s economic outlook for the rest of the year. The European Union’s statistics agency said the combined gross domestic product of the 20 countries that use the euro grew at an annualized rate of 1.1% in the second quarter, a modest pickup that in part reflected a freak 13.7% gain in Ireland, whose GDP has gyrated wildly following the fortunes of large U.S. drug companies domiciled on the island, Paul Hannon reports.
Looking more and more like China is going to take down the world economy and barely a peep.
I’m looking at it like this. Where is the excess capital ($11,000 dollar t swift ticket anyone)? No longer in the lower incomes, it’s all in the upper class. These are the people who made off with the nonsense with pandemic payments for business. Fed has created a FOMO rally right now to suck in the excess money to the stock market before they pull the rug out.
We will see..
Left,
I have success with being a landlord by being fair, understanding, and firm. I dare them to burn me, because they will be doing me a favor as i kcik their ass out and jack the rent by 600-800 dollars. I dare them to get stupid. They will be out on the streets. They can’t afford market rent.
They’re already getting stupid, tough guy.
They just told you that your goodwill (and rental payment btw) rank lower than their vacation.
LOL, good luck.
My tenants, who also paid below market rent (mainly because my place wasn’t updated), never paid me late. Not one day in over 17 years. Of course, when they moved in, I let them know not to test me. I warned them that there was a $500 fee if the check came in after the 1st of the month and on the fifth of the month, they could expect all of their belongings to be on the front lawn with the lock changed. I know it’s illegal, but try me. Otherwise, you’ll love living here and I fix everything as quickly as possible. Usually right when you first text or call me. Also, take a look around, especially at the fridge and range. They are as clean as the day they were installed. When you end your lease, if it does not look like that, you will be charged whatever a cleaning service charges to return it to that condition. Same with the walls. Notice every wall is repainted and all of the holes are filled. That’s how it needs to look when you return it. Thanks for paying your rent on time.
I think once, one tenant simply forgot to pay me rent. I called them on the 2nd. They wrote me a check that day.
Do you run a credit check on your tenants? It’s free and probably the most important tool for choosing the right tenants. If 30% of their gross income does not cover the rent or they have any negative marks (bills not paid on time in their credit report), I immediately dismiss them.
China manufactures “green” energy products because they manufacture nearly everything. Cheap funding, government subsidies. Chinese Solar companies export lots of product to Europe too, where buyers are also subsidized/mandated. Of course German/european electricity prices have continued to rise as they install more of this “green” electricity which is intermittent and pretty much needs to be fully backed up by baseline electricity production.
China is also building more coal powered electricity plants than ever before in history. Because even after installing more solar and wind, serious people understand that if you want real electricity supply without blackouts, you can’t count on intermittent energy. The real mystery is why they don’t build more nuclear plants than coal plants, since the government generally acts as if capital is free, and nuclear plants are nearly all capital costs versus operating costs.
No one,
I believe renewable energy is a good thing. Why? It provides an alternative to what was once pretty much a monopoly on energy. Simple supply and demand. Renewable energy adds to the overall supply of energy that will help to keep prices down in the long-term. You think oil prices would drop after the 70’s if we didn’t make a move to create alternative sources of energy? That’s what I see. Maybe i am wrong.
The way I see it with china. They don’t want to rely on others for energy. Hence, went hard into renewables/alternatives. They have coal. That’s why they keep producing that. They don’t have oil. It’s obviously strategic in their national security. They havw vast amounts of coal, yet still import it. Writing on the wall.
Lib,
Yes, I go through realtor which requires credit check. These are good people. Never gave me a problem in 7 years. All they are asking for is extra time to get the rent to me because they didn’t expect a drop in hours at work. I assume they live paycheck to paycheck, and just assumed the hours would keep coming at work. Not a good sign for the economy in my humble opinion.
Left,
I will give them the benefit of doubt, but it’s their loss if they screw me.
“You think oil prices would drop after the 70’s if we didn’t make a move to create alternative sources of energy?”
The drop in oil prices after the 70s had nothing to do with alternative energy sources. Oil use doubled from 1970 to now. Prices had everything to do with the finding and producing more supply.
Why do you enjoy blabbering about things you don’t understand?
Pumps. Watch it with good will.
Left, you see my SOFI today?
Pumps,
For you.
https://youtu.be/0cGB8dCDf3c
sorry pumps,
corrected link
https://youtu.be/0cGB8dCDf3c?t=339
Not attacking, just trying to make sense of what you are saying.
First, how are the 70s not a case study in how the oil producers had us by the balls? How much do we have to pay for these oil prices through our military spending. Our military goes weak, they will strangle us with energy costs if we remain on only gas powered cars.
Second, you talk about pricing having to do with finding more and more oil that is based on a finite source. That’s insanity long-term. Also, doesn’t adding renewables to the mix add to the overall energy supply bringing down demand for oil which helps overall energy costs. Adding renewables is not lowering the supply, it’s adding to the supply. I can’t comprehend your position from a long-term view. You must be heavily invested in oil that it is clouding your perspective. Maybe i am wrong, but show me how.
No One says:
July 31, 2023 at 11:01 am
“You think oil prices would drop after the 70’s if we didn’t make a move to create alternative sources of energy?”
The drop in oil prices after the 70s had nothing to do with alternative energy sources. Oil use doubled from 1970 to now. Prices had everything to do with the finding and producing more supply.
Why do you enjoy blabbering about things you don’t understand?
Phoenix,
Every move by this chinese govt is strategic and deliberate. That’s why I question people like No One when it comes to their hard push for renewable energy, to the point that they are blowing us out the door. That is no accident. Now why?
This is my understanding
The most important central bank in the world now isn’t the Fed.
The most important central bank in the world now is the Bank of Japan.
Few understand this.
BOJ allows their yield to go up, it is more attractive to buyer, people would sell US bond and buy Japanese Bond.
Selling US bond, US yields up, less demand for stock.
It is liquidity.
Now Fed and BOJ teams up to dry liquidity out US market
BOJ?
You do know the BOJ now owns 5% of the Tokyo exchange which was part of their QE to keep it from collapsing. You do realize the Nikkei is still 6,000 points below it’s prior peak in 1989. 1989! And Japan’s debt to GDP is like 250%!
Go follow the Japanese Central Bank. Sometimes I wonder if they perform so poorly from years of having to watch porn with the private parts blurred out. Maybe their data is blurred out similarly?
Our military goes weak, they will strangle us with energy costs if we remain on only gas powered cars.
Are you really not aware that electric vehicles are also powered by fossil fuels?
My landlord in New Brunswick 15 years ago offered me a $200 monthly discount and to evict the drug dealing stripper that lived above me. He appreciated that I was always on time and fixed everything that broke. When she left a bunch of crap behind, I helped him toss it all away. One of the things we tossed was a broken electronic safe that was shut. Two mexican dudes fished it out of the trash and left with it that night. She came back like a month later after she was done on her drug binge to look for it. Apparently there was $7000 cash in it.
Imagine deciding to go on vacation rather than pay rent….
Vacation where? Cape May for a couple of days or a trip to Mexico?
Can pretty much assure the mobile phones bills are up-to-date as well…..
BRT, so foreclosed on a business I made a commercial loan, ended up taking possession of the premises and everything in it. Eastern Europeans. There was a good sized safe. Locksmith came out, wanted something like $600 to bust it, had no idea what was inside. Made a deal with him, he would come back after his employer’s hours with his tools and we would split anything inside. Unfortunately just papers and bullshit. Fun evening though with the suspense lol.
A common confusion is that to decarbonise, the world will need to produce the equivalent of coal, oil & gas in the form of low-carbon energy.
That’s not true.
Most fossil energy gets wasted. In the US, just one-third gets turned into useful services. The rest is wasted as heat.
https://twitter.com/_hannahritchie/status/1686037194291531776?s=46&t=0eaRjeKWHSIY8WCyPT4KMg
Yes, ‘rejected energy’ is the wasted component that we don’t utilise for anything useful. Most is heat from fossil fuels.
Big because converting fossil fuels to useful energy is v. inefficient. Around 2/3 coal is wasted in a power plant. Around 80% of petrol is wasted in a car.
Libturd,
Fun quiz. Do the Japanese blur the private parts:
1) to comply with government regulations
2) to prevent premature ejaculat1on in male viewers
3) to save the actors the embarrassment of having their sub-sized wieners on display
https://www.youtube.com/watch?v=BnP_mZAv8gE&t=8s
What makes being a landlord so much fun. Dealing with idiots. It’s the american way, they spent money assuming they would get a full week of work. Aka spending money they didn’t have. Can’t stand idiots.
Mike S says:
July 31, 2023 at 3:07 pm
Imagine deciding to go on vacation rather than pay rent….
Most fossil energy gets wasted. In the US, just one-third gets turned into useful services. The rest is wasted as heat.
If only this person knew how the 2nd law of thermodynamics actually worked.
No One,
That’s absolutely hilarious.
And speaking of safes being cracked. They discovered a locked safe in Thomas Edison’s factory in West Orange. This was a huge deal because the location of the safe was in the laboratory where many of his finest inventions were born. Not in the area where the workers were paid, where there was another (open) safe. Hopes were to find either unpublished inventions or even plans. The safe was huge and extremely thick. Edison bought the best of everything. He even built a storage area in his facility that would survive a nuclear bomb blast, though it was not meant to be a shelter.
Well, after about six hours and two exhausted master locksmiths amazing efforts, they swung the door open to reveal 80-year old dust and a few paper clips. The press was so disappointed. I loved it. I got to spend most of the day running around the factory when it was closed. I only had access because a close friend’s father was a photographer for the New York Times.
left, it was funny. It was like the only thing left behind outside of all the cigarette buts and blunt ends all over the floor. We couldn’t fathom that there was actually something of value. The girl went on a theft on the way out too. Broke into Hansel n’ Griddle’s shed in our shared backyard. Took my laundry detergent. Stole my landlords shop vac. She even took my Rosemary and Basil plants. I found out where she lived and confiscated them back.
Pumps. Google cogeneration.
https://www.redfin.com/NJ/Chatham/111-N-Hillside-Ave-07928/home/37383698
Sold for 890K in 2006, 850K in 2021, now on the market again for 900K. I guess we’ve reached peak bubble pricing again.
Ha, BRT priceless that you went back for the plants!
ADUS had very nice earnings again. At some point, some is going to notice their FCF value.
Left,
Look at Ingredion.
Crazy old man today at the rail road crossing. Pull an expensive Mercedes into oncoming lane and attempts to navigate the crossing while gates were down as train just pulled into station. He proceeds to get out of his car and steps onto the middle of the crossing to look to see is another train coming. There wasn’t but there were three NJ transit workers there perhaps working on the crossing gates and none said a word to him they just stared at him. He got in and drove across. I have no idea what the schedule is but there are times when there are trains in both directions and the gates stay down for an extended period. Not sure what the old man’s hurry was another car then followed him across too and 30 seconds later the gates go up.
Juice, when we were dumb sh1tz in Bergenfield, they gave us all kinds of train safety lessons including the possible train coming from both directions . It was like a monthly lesson because of the freight train in the middle of down. And as kids, we were dumber than dirt and still didn’t listen. I knew a kid who rode his moped along the tracks and was sucked in by the train in 7th grade. I remember, one time it was stopped, we had no idea why. Instead of standing around waiting for them to get it going again, we started hopping through with our bikes, adults too. Well the friggin thing released it’s break and started rolling pretty quickly. We had to jump off real quick. Probably the scariest moment of my life.
dude, you have no idea. I used to grow stuff in the alley in New Brunswick and people would hop the fence at night and pick my fruit. It was a constant battle. Now, I just have to battle the deer.
Seeing more and more people starting to realize China is prob going to be a problem.
The dominant fear the past couple of years among investors, or at least among the central bankers whose actions are obsessed over by investors, has been inflation. Not in China, though. The world’s second largest economy and leading consumer of commodities could be dealing with inflation’s equally-disturbing opposite.
What’s so bad about deflation? Both rising and falling prices have a silver lining, of course: Inflation is nice if you owe money and deflation gives households and businesses a break on costs. But a prolonged period of dropping prices is a drag on consumer spending and corporate profits while making the burden of indebtedness grow over time. In China it could have serious ripple effects to countries that supply the country with raw materials and manufactured goods.
What is China’s government doing as signs of a serious slowdown emerge? Not nearly enough, writes Heard on the Street Asia Editor Nathaniel Taplin in the wake of weak purchasing managers index data. He asserts that, despite clear weakness and signs of distress in the huge housing sector, Beijing is sticking to “half measures” and that this could be a “historic mistake.”
And while economic conditions are considerably sunnier on this side of the Pacific, with the consensus view being that a soft-landing is in store for the U.S. economy, there still is some hand-wringing over the Federal Reserve’s rate policy. Some think it has tightened too much, too quickly already and that higher borrowing costs will hit companies and consumers with a delay. The betting in the funds futures market is for rates to drift lower in the next several months but, just like the inverted yield curve, there is disagreement over whether the market thinks that for a good reason or a bad one. Data tomorrow on job openings and turnover, followed by Friday’s closely-watched nonfarm payrolls report, will give investors a slightly clearer picture.
The mood on Monday was fairly sanguine at least, with the Dow Jones Industrial Average rising 100 points or 0.28%. The tech-heavy and more interest-rate sensitive Nasdaq Composite rose by 0.21%.
Talked with the CEO/friend of a publicly traded bank.
He told me him and other bank CEOs firmly believe we are headed for a crash and seeing similarities between now and 2008.
They are substantially tightening up on loans and preparing for the worst.
https://twitter.com/chrisramsey60/status/1686001132789706753?s=46&t=0eaRjeKWHSIY8WCyPT4KMg
“What’s the reasoning?
2008 had sub prime loans…what does today have?
Other than high interest rates and lenders being overly conservative I’m not sure what the catalyst would be.
Mass layoffs? Didn’t we already see that and some bank failures and things are still largely okay?”
Reply
“Mortgages of portfolios of single family rentals purchased at peak pricing with 99.5% LTV, DSCR loans in unregulated lending market, & FHA borrowers putting 3% down with government affordable housing stimulus. Oh & that subprime stuff, might just be recognized differently.”
Miami Is Shrinking
Miami, a global hot spot with ambitions to be a business and financial hub, is driving away more residents (https://economics.cmail20.com/t/d-l-vjrltg-yuujlhllik-i/) than it is attracting. Surging housing costs and a fickle labor market are sending many locals packing. Miami-Dade County lost 79,535 people through net migration to other parts of Florida or other states between 2020 and 2022, according to an analysis of U.S. Census Bureau data by the Brookings Institution. The city risks following the same path as New York City and San Francisco, the country’s financial and tech centers, where the growth of high-paying white collar jobs raised the cost of living, sending many of those cities’ working and middle-class residents searching for a more affordab
le place to live, Konrad Putzier and Deborah Acosta report.
Oh wow, it has nothing to do with team politics, and everything to do with creating high paying jobs that drive up the cost of living, but yea, blame it on politics. Who would have thought? I said this over and over on this blog…it’s not politics that create high cost of living, it’s a high concentration of high paying jobs.
And just remember when you fall under the nonsense that sf and nyc are chit. Just remember, you can’t even afford to live in that “chit.” Stop the nonsense.
For Eddie’s sake I wish the realtor was a fat woman, but regardless:
https://nypost.com/2023/08/01/canadian-realtor-fined-over-15k-and-suspended-from-job-for-sipping-on-milk-from-sellers-fridge/
Ten 402
Chi,
Don’t know if you read my posts past few days, but I was waiving this flag about the rates due to Japan. Let’s see if it breaks.
You don’t know?
I am on a family vacation in Berwick Pa @ the Wise potatoe chip house.Our yearly family vacation. Wife and I went to local library to use internet. Google Wise potato chip house, crazy old house but the family loves it.
Libturd says:
July 31, 2023 at 9:59 am
My tenants, who also paid below market rent (mainly because my place wasn’t updated), never paid me late. Not one day in over 17 years. Of course, when they moved in, I let them know not to test me. I warned them that there was a $500 fee if the check came in after the 1st of the month and on the fifth of the month, they could expect all of their belongings to be on the front lawn with the lock changed. I know it’s illegal, but try me.
Lib, if you locked out your tenants you would be in jail looking for a lawyer. There are protocols that must be followed. You had a two family house , for years you had only 1 tenant, then two after 7 plus years. You were more than fortunate/lucky court ALWAYS favors the tenant. I had 22 tenants at one time , over the years I probably had 7 evictions. You must post a notice to quit, then you will still get screwed out of two months or more of rent, if you are not registered with your county you would have to start all over from square one. The tenant is given a free lawyer, and the very first question from that lawyer is where is your county registration. I also used the intimidation, factor being 6’4″ and best shape of my life in 30-50 running 5 miles daily, but don’t break the laws or you will pay….everybody hates the rich landlord even if he is struggling. If tenant leaves you must store his furniture for 60 days, and the only lock that can be changed is with a constable or county police man. After a while I did the evictions without a lawyer, but for experience it is better to use a lawyer in the beginning. You were very fortunate to stay small, basically judges and police don’t take ANY CHIT from landlords.
Back to vacation mode.
I’ve never been to the Troubadour before. 500 of your closets Frens.
It’s essentially a barn in W Hollywood. With perfect acoustics.
Epic: https://www.tiktok.com/t/ZT88Er6fQ/
Jim,
It’s easier to get your spouse out of your house than extracting a tenant if you are a woman.
Claim you are a victim, get a restraining order (easier to get than Taylor Swift tickets, and free to boot.)
Make up any false allegations you like. No one will prosecute you, that is work.
PoPo will eject your soon to be ex-partner. He will get 10 minutes to “get the f#@@ out.”
Everything in the house belongs to you now. Don’t concern yourself with “fifty fifty” split- take what you want. He has a nice watch and jewelry, it’s all yours. A baseball collection, class ring, tools, heirlooms from his parents-all ripe for the taking. He isn’t going to come around and bother you while you diligently perform this process-law enforcement is there to protect you and has your back.
And should he later whine or complain about anything that is missing, he will have to prove that you took it to a judge. Kinda hard when the PoPo has kept him at a safe distance from you, usually 2000 ft or so. And if he can’t prove you took it, you are scot free.
Don’t fret, a judge may think, or believe, you actually stole from him. But like him, if a judge cannot prove it, they can’t convict you of it either. It wouldn’t be legal. In order to do that, you would need a prosecutor and a team of non lazy PoPo to provide evidence, some of which was probably shared with them for their silence and protection of your wife.
You want a real horror story about renters- read this one: It’s an NJ forum, it’s about NJ real estate. And if you are into “crime drama,” you should watch the videos from court as it was all televised. Judge turned off the “chat” function after the first day- read the comments, they noted the corruption-and these “court sleuths” do this all of the time-so they smell a rat as soon as they watched. This man got off, came close to spending years in prison for being a good landlord.
https://www.nytimes.com/2019/10/15/nyregion/shooting-dressage-social-media.html
Just before the shooting, Ms. Kanarek had asked the Division of Child Protection and Permanency to investigate Mr. Barisone for potential abuse of a child of his fiancée, according to Jeffery Simms, the lawyer who represented him at the arraignment.
“The alleged victim is not a victim,” Mr. Simms told reporters then. “She’s a villain.” Ms. Kanarek said she did not recall placing the call to child services.
“Lauren Kanarek took her bullying too far. Everyone has limits,” Susan Wachowich, who runs a popular site covering the sport, wrote on Twitter the day of the shooting. She wrote that the site “100% supports Michael Barisone in his actions.”
An Equestrian Was Shot by Her Olympic Trainer, Then Pummeled Online
After she survived the attack, her struggle to recover has been overtaken by commenters who say she deserved it.
In flurries of posts since her attack, she has replied to strangers, friends and foes, unspooling her version of events, and reminding the people who pile up on her that she was nearly killed.
“No matter what — I was shot twice.
Jim, yeah, I wasn’t going to get in the middle of landlord chest thumping and I like Lib, but NFW anywhere near to what these guys think happens…
My first introduction to the futility of self help evictions was on the commercial side, where I was an injured sub-letter….approached the landlord, whom I knew and who is an experienced owner of many different types of commercial properties, and basically said “shut this asshole out with a chain and lock on the doors and I’ll pick up substantially all the rent for the entire building directly to you”.
He response, after he stopped laughing, was essentially ‘how quaint, appreciate it, but no chance’.
Commercial. Not a family.
I’m glad no one tested me. There are times that I go all out Ian Smith, even when I know I will lose in court. Sometimes principles matter.
Like not voting for Hillary and ending up with Trump. Sometimes, you just got to take your medicine.
“Mortgages of portfolios of single family rentals purchased at peak pricing with 99.5% LTV, DSCR loans in unregulated lending market, & FHA borrowers putting 3% down with government affordable housing stimulus. Oh & that subprime stuff, might just be recognized differently.”
Who were the large volume portfolio investors that were getting 99.5% LTV on DSCR loans?
Phoenix, remember that well, not many stories from our area make the ny times.
Lib: I did not vote for Hillary or Trump. I am fine with my decision. Didn’t vote for Biden or Trump either, and fine with that. Both parties blow, and I want no part of them.
By Jim Tankersley and Ben Casselman
Reporting from Washington
Aug. 1, 2023
Updated 3:51 p.m. ET
President Biden and his aides are basking in what is arguably the best run of economic data to date in his presidency.
Inflation is cooling,
business investment is rising,
job growth is powering on
and surveys suggest rising economic optimism among consumers and voters.
Teamsters blast bankruptcy-bound Yellow, cite $700 million Covid loan firm got from Trump White House
Bankruptcy-bound trucking firm Yellow received $700 million in Covid pandemic relief loans three years ago, after Trump administration officials pushed for it despite objections from the Defense Department.
And Yellow has repaid just $230 out of the $729.2 million in principal it still owes the U.S. Treasury for those loans, according to a government watchdog’s report in May.
The Teamsters Union, which represents Yellow workers, blasted the freight carrier in a statement Sunday and highlighted the Covid loans.
3b,
I almost always vote for NOTA as well. Been doing it since college.
VSB,
I’m nearly all in and have been since April. Hope everyone else didn’t chicken out.
Lib: I think it’s the only honest thing to do. Just my opinion.
Might be top for this cycle. Fitch downgraded U.S. rating. Something is brewing. Maybe a head fake, but been banging this drum on this blog past week.
Very Stable Genius says:
August 1, 2023 at 3:55 pm
By Jim Tankersley and Ben Casselman
Reporting from Washington
Aug. 1, 2023
Updated 3:51 p.m. ET
President Biden and his aides are basking in what is arguably the best run of economic data to date in his presidency.
Inflation is cooling,
business investment is rising,
job growth is powering on
and surveys suggest rising economic optimism among consumers and voters.
Trump indictment. Boooooooyah
DC judge & jury. Cha-Ching
Note: all of the witnesses will be republicans.