Just how many jobs do you need?

Posted on October 20, 2024 by grim

Great chart from Visual Capitalist:

Mapped: Home Price-to-Income Ratio of Large U.S. Cities

This entry was posted in Demographics, Economics, Employment, National Real Estate. Bookmark the permalink.

57 Responses to Just how many jobs do you need?

  1. Phoenix says:
    October 20, 2024 at 8:21 am

    First

  2. BRT says:
    October 20, 2024 at 8:55 am

    I thought the benefit of living in the Desert was that it costs a fraction of what it did elsewhere.

    Remember Sam Kinison? “You live in a f***** desert!!!!!!!!!”

    https://www.youtube.com/watch?v=K44DriPrLUk

  3. BRT says:
    October 20, 2024 at 8:56 am

    “Nothings gonna grow out here! See this, it’s sand!!! You know what it’s gonna be in 100 years? IT’S GONNA BE SAND!!!!!!”

  4. LikeCarbs ButNotAsMuchAsFatEddie says:
    October 20, 2024 at 11:12 am

    Chicago,

    Regarding your retail food spots observation. I thought of a few things that have happened to get to this point.

    Amazon/Web have killed most retail stores except the very specialized ones and food joints, because you got to eat. So the easiest thing to start and likely to be successful in this environment for someone with a small business dream is retail food enterprise that has an angle/gimmick/catch, even if the success rate and lifespan are horrible unless you have a premium franchise.

    Add to it the pandemic accelerated industrial ghost kitchen angle along with the proliferation of web based ordering and delivering that make the industrial ghost kitchen cooking for multiple stores and delivery points within a single or multiple trade names possible. You can see it in a food ordering app in Manhattan and other city center areas, multiple restaurants and all deliveries start at same spot.

    The easiest place to physically see it is Paris Baguette in the Ft Lee area. They got a big bakery somewhere and more than a few bakery/coffee shop stores that sell their gourmet/korean bakery goods. Reminds me of the old Wonder Bread stores (they went away in the 80’s).

    Finally, the mall landlords. They are willing to lease to anyone that makes an offer at this point, because at least they get a check for a while. Many of these restaurants would have to settle for a crappy location in an at best a strip mall before. That is how Spirit Halloween does it for its temporary leases outside of the web based sales. They are now expanding the lease and the store become Spirit Xmas.

  5. Phoenix says:
    October 20, 2024 at 11:21 am

    Spirit Halloween SNL was funny. Just like explained above.

  6. Fast Eddie says:
    October 20, 2024 at 1:26 pm

    Exceptional weather! A rare, persistent high pressure dome has been sitting on the north east. I went apple-picking up in Sussex yesterday, the Newark watershed reservoir on route 23 hasn’t looked so low in years. Also went hiking up the at Ramapo ridge off of route 202 this morning.. spectacular fall colors! Congrats to the Yanks, let’s go Mets and do I care if the Giants beat the Eagles? Meh.

  7. ZEF says:
    October 20, 2024 at 3:33 pm

    Like I was sayin’ I welcome our new pantsuited overlord.
    Weeeeeeeeed Fo Freeeeeeeeee

  8. Fast Eddie says:
    October 20, 2024 at 4:18 pm

    Well, the Giants suck. Surprise… not. Home price to income: No surprise that NY, San Fran, Boston and LA are the biggies. Indianapolis and Chicago just don’t seem to have enough moxie. Detroit and Cleveland just don’t seem to have anything at all.

  9. Phoenix says:
    October 20, 2024 at 6:02 pm

    Hmm, how can we gaslight voters into thinking we actually want to make housing affordable to Americans when our corporate masters like Kushner want to keep all of the profits for themselves? Dammit where is Freud when you need him?

    Building a new house takes awhile, and now the pace is slowing down even more, underscoring challenges for Vice President Kamala Harris and former president Donald Trump as they pitch voters on their plans to make housing more affordable

  10. LikeCarbs ButNotAsMuchAsFatEddie says:
    October 20, 2024 at 6:29 pm

    Phoenix,

    If you want to make housing affordable, you are going to have to put a bullet on the FIRE economy’s head. That bullet will have a mix of 2 alloys.

    1- Kill of all the tax break for all real estate. Capital gains, interest and all taxes just like stocks or commodities.
    2-Build a large amount of public housing. The Govt of Singapore – the dreamland of a lot of the right wing authoritarians making noise, runs 85% of the housing in that country. To do public housing right, you got to get over the “racial” issue. Singapore is a multi-ethnic society. When the public housing was originally built, there were ethnic riots. The government steam rolled public opinion and riots and force everyone to live and get alone with each other.

    The big structural issue is that politics is always local. And local politics are always controlled by the real estate industry. Take a look at the Fort Lee council race, the incumbents names all own local real estate agencies, same in Cliffside Park and in the past Englewood Cliffs.

  11. LAX says:
    October 20, 2024 at 6:52 pm

    6:29 Nom?

  12. Libturd says:
    October 20, 2024 at 8:27 pm

    Nom wouldn’t know Ft. Lee.

    LGM!

  13. Chicago says:
    October 21, 2024 at 6:44 am

    Ten 413

  15. Hold my beer says:
    October 21, 2024 at 7:15 am

    Seems = dems

  16. Fast Eddie says:
    October 21, 2024 at 8:48 am

    Yanks/Dodgers… should pull great ratings. Two iconic names, can’t ask for more.

    In further news, when does this gold rush end?

  17. Chad Powers says:
    October 21, 2024 at 9:01 am

    Fast Eddie,
    This gold rush will continue until people don’t believe the world is going to implode. Right now the Middle East is on fire with the very real possibility it getting bigger. You have Russia vs the Ukraine also no end in sight. Then you have China threatening Taiwan. Add to that economic uncertainty and a possible upcoming recession. Nobody likes uncertainy and constant chaos. I‘d say gold will go up for a while longer.

  18. Juice Box says:
    October 21, 2024 at 9:01 am

    Singapore?

    Dude really, how about you check your facts once in a while. It’s about 75% Han Chinese with a smaller amount of Malaysians and even smaller amount if Indians who were brought over by the British. They do live segregated too, maybe not by law but by choice. I would say it’s no melting pot over there. Chinese nationals with wealth bought their way out of Communist China with citizenship by investment in Singapore so that makes it even more exclusive community of many Ex-Pat wealthy families who fled communist China. I know of one such person now living here. I hired him on an H-1B visa. We used to hit up all dim sum places in NYC when we were working together. He still owns a few rental properties in Singapore…It how is father got the money out by buying real estate, just like they have been doing for decades here Canada and the US.

  19. Juice Box says:
    October 21, 2024 at 9:12 am

    Beer- re: “picked walz instead of Shapiro”

    Walz is a superior choice by far. He embraces the male-dominated spaces of football, military veterans and hunters, but also has allies in the classrooms, at pride parades, and amongst the abortion crowd.

  20. SmallGovConservative says:
    October 21, 2024 at 9:17 am

    Juice Box says:
    October 21, 2024 at 9:12 am
    “Walz is a superior choice by far. He embraces the male-dominated spaces…”

    And he may be dumber (and a heavier drinker) than Carmella, who we know is even dumber than SlowJoe, who is dumber than…

  21. BRT says:
    October 21, 2024 at 9:30 am

    Singapore isn’t a right wingers dream. My cousin lives there. There’s a lot of restrictions that just wouldn’t fly here. That being said, the government generally approaches problems with a solution, often one where a market based will solve it. You can’t have Singapore here, their government actually works for the people. Their system works, no question about it…so did ours before we have continually abandoned just about every principle we had decades ago.

  22. Hold my beer says:
    October 21, 2024 at 9:33 am

    Juice

    I think he’s an embarrassment. Impeachment proof pick. She didn’t pick Shapiro because of the rabid anti semitism in the party and didn’t pick Kelly because you can’t have the backup outshining the lead.

  23. Juice Box says:
    October 21, 2024 at 9:34 am

    re: Heavy Drinker.

    Who remembers this October surprise? Three days before the election…..

    https://www.youtube.com/watch?v=NXh7RLF4hrU

  24. Libturd says:
    October 21, 2024 at 9:34 am

    You mean like $1,000 fine for throwing a gum wrapper on the ground? You can’t even get people to use their blinkers here.

  25. 3b says:
    October 21, 2024 at 9:45 am

    Juice: You beat me to it on Singapore being 75 percent ethnic Chinese. It is certain not multi- ethnic by and means.

  26. 3b says:
    October 21, 2024 at 9:50 am

    FBI revises crime rate statistics for 2022. Rather than falling 2.1 percent they increased by 4.5 percent.

  27. Chicago says:
    October 21, 2024 at 9:59 am

    Yanks/Dodgers. Raw sewage.
    Suffocating arrogance versus a team that spent $1B on two players.

    Have you seen Jeter on the panel. What a withering smug prick.

    The Dodgers are truly a group of empty soulless carpetbagging mercenaries, but for the good of all that is holy, they are compelled to sweep the Yankees so that Kay can stick a sock in it, and Sterling can be banished to the glue factory.

    Fast Eddie says:
    October 21, 2024 at 8:48 am
    Yanks/Dodgers… should pull great ratings. Two iconic names, can’t ask for more.

  28. Fast Eddie says:
    October 21, 2024 at 10:19 am

    Chicago,

    As a Mets fan, I was trying to be diplomatic. :) lol. But, say it like it is!

  29. Fast Eddie says:
    October 21, 2024 at 10:21 am

    3b,

    FBI revises crime rate statistics for 2022. Rather than falling 2.1 percent they increased by 4.5 percent.

    The O’Biden administration is furious! Who leaked this before the election?!!

  30. SmallGovConservative says:
    October 21, 2024 at 10:54 am

    3b says:
    October 21, 2024 at 9:50 am
    “FBI revises crime rate statistics…””

    As Eddie pointed out, the only surprise is that this got out before the election. As we know, the FBI is one of the once-reliable and largely impartial institutions that Oblama’s malignant Dem party has destroyed — along with the BLS, the Secret Service, etc…

    Going back to the Al Smith dinner, did anyone notice the difference in demeanor between T (back-slapping, jovial, joke-telling) and those Dems that bothered to attend (sour, miserable, grim-faced, never-smiling). What’s the deal? Has everyone on the left completely lost the ability to be jovial and have fun — or at least to be collegial and somewhat mature? Why the need to ruin a non-partisan charity event? You have to be a real putz to be a Dem and to support this kind of incompetence and miserableness.

  31. No One says:
    October 21, 2024 at 11:22 am

    I hear in Singapore that it’s against the law not to financially support your elderly parents. Kind of like how in the US you have child neglect, but they also have senior neglect.
    Singapore has a pretty free economy, and quite free trade.
    Not a lot of direct cash welfare traditionally but a quick search suggests they are ramping it up. About a dozen years ago social spending was about 17% of GDP there versus about 35% in Europe and US. Maybe Singapore government is thinking about incentives/disincentives while doing so, but even the best run governments can be pretty dumb about these things.
    https://www.brookings.edu/articles/social-policy-in-singapore-a-crucible-of-individual-responsibility/

  32. Libturd says:
    October 21, 2024 at 11:26 am

    I’m surprised noone has mentioned that if Trump is elected POTUS, he will be taking a black job.

  33. No One says:
    October 21, 2024 at 11:27 am

    Wow here’s peak left wing comedy from Hannah Gadsby
    https://www.youtube.com/watch?app=desktop&v=UTUduCmGHLA

  34. Fast Eddie says:
    October 21, 2024 at 11:32 am

    Has everyone on the left completely lost the ability to be jovial and have fun…

    My kid asked this recently, why does the left seem so miserable and angry? I responded, “Because they are.” Her supporters feel slighted. They feel like misfits, outcasts, unable to look at the American flag without resentment. We all have our cross to bear, it depends on your ability to keep getting up after being knocked down.

  35. No One says:
    October 21, 2024 at 11:32 am

    Compare to peak “right wing” comedy from Norm Macdonald
    https://www.youtube.com/watch?v=UhCeYjeDv2A

  36. Fast Eddie says:
    October 21, 2024 at 11:44 am

    No One,

    LMFAO!! Omg, I almost fell of the chair. Macdonald… that was awesome!! The way he works up to it and then, wham!! lol.

  37. 3b says:
    October 21, 2024 at 12:01 pm

    Big banks are continuing to build and increase their loan loss reserves as more and more Amounts continue to struggle with credit card payments, auto loans , mortgage payments, and commercial real estate.

  38. Libturd says:
    October 21, 2024 at 12:26 pm

    “My kid asked this recently, why does the left seem so miserable and angry?”

    Well the reason so many on the Left are so miserable and angry is because it’s hard to believe that nearly half the population can ignore the clear idiocy of Trump.

    Whether it’s the “fake” I’m working in McDonald’s since Kamala did (look my penis is bigger), to discussing Arnold Palmer’s genitalia, it’s always pass, pass, pass, pass, pass. Trump is so clearly playing the less educated members of our society that it is simply painful to watch. Hugging a flag. Dancing for half an hour at a rally. Selling endorsed bibles and watches. Yet MAGA gives him a pass, pass, pass, pass, pass.

    As I have stated here time and time again. MAGA can do no wrong.

    Again, Kamala is unimpressive. But she is not a consumate bullshitter.

    The election can’t come soon enough. The options our parties put forward are pathetic. And those who idolize them are even moreso.

  39. Phoenix says:
    October 21, 2024 at 12:53 pm

    Da Mok Rah See:

    No One Wants New 1,360-unit Development in Wayne – But it’s Coming Either Way

  40. SmallGovConservative says:
    October 21, 2024 at 1:02 pm

    Libturd says:
    October 21, 2024 at 12:26 pm
    “the reason so many on the Left are so miserable and angry is because it’s hard to believe that nearly half the population…”

    Nearly half the population has always voted for the ‘other’ guy, and in the past, the losing side (even Dems) accepted that and found a way to cope. The difference now is that between wokism, TDS and Oblama’s score-settling mentality, the left has become deranged and can no longer accept the fact that nearly half the population prefers the ‘other’ guy.

  41. Fast Eddie says:
    October 21, 2024 at 1:42 pm

    Well the reason so many on the Left are so miserable and angry is because it’s hard to believe that nearly half the population can ignore the clear idiocy of Trump.

    Trump is so clearly playing the less educated members of our society that it is simply painful to watch.

    Yet MAGA gives him a pass, pass, pass, pass, pass.

    I believe it’s called Trump Derangement Syndrome.

  42. No One says:
    October 21, 2024 at 1:51 pm

    Hard leftists were miserable and angry decades before Trump showed up.
    They’ve been pissed ever since the USSR failed. But they’ve mostly given up revolution on the basis of class and now want an intersectionality based cultural revolution.
    They’re constantly furious about who seems to be winning versus who is losing and want to reverse outcomes and elevate the losers, the ugly. It’s like the ugliness and incomprehensibility of modern art projected into all crevices of society.

  43. 3b says:
    October 21, 2024 at 2:09 pm

    Time to replace the tires on one of my cars. I had a Uniroyals and were happy with them. Are Michelins worth the premium price? Also, anyone have any experience with ETD tires. I don’t use my local guy anymore do to poor quality/ service. Thoughts appreciated.

  44. LAX says:
    October 21, 2024 at 2:58 pm

    2:09 Michelins are by far the best wearing and performing tire I’ve owned.
    Well worth the price!

  45. No One says:
    October 21, 2024 at 3:03 pm

    Good Michelins are worth it, assuming they are the right tire for the job, and not their cheapest ones. Tires are your car’s only contact point with the ground, your only source of traction when braking, turning, etc. Michelin has the biggest R&D budget in the industry. A few years ago I was talking with the biggest Korean tire maker and they talked about how difficult it is to simultaneously get performance (traction) durability, noise, and feel up to Michelin’s standards. There are other tires that can do some of those things better than Michelin for a given tire use case. Like better grip, but with a shorter life and/or more road noise. Or longer life but with worse grip, worse wet/snow, etc.
    $1500 spread over 4-5 years vs $800 for a cheap set, the extra cost per mile isn’t going to be very high.
    Think also about whether you should have two sets of tires, one dedicated winter set, one for the rest of the year. If I was borderline about needing winter tires (and in NJ I would seriously consider it) but wanted to just one tire year round for NJ the Crossclimate2 gets really good reviews, with a few criticisms on noise and ice.

  46. SmallGovConservative says:
    October 21, 2024 at 3:19 pm

    No One,

    If you’re currently in FL, how are things in the Sarasota area? I saw that FPL had restored power across their grid by early last week, if I recall, but are things generally up and running, and mostly back to normal in the area?

  47. 3b says:
    October 21, 2024 at 3:38 pm

    LAX/No One: Thanks for the Michelin tire recommendation. I did the research the research on the climate 2 tires and as you note No One, they have excellent reviews. I can get them at Pep Boys for $202.00 per tire, plus installation, tax and disposal, for just under $1,000.00 for everything. Thanks again.

  48. LAX says:
    October 21, 2024 at 4:11 pm

    Yeah, you’ll love em. I have Pilot Super Sports on the BMW and Primacy Tour A/S on my Subaru.

  49. chicagofinance says:
    October 21, 2024 at 4:12 pm

    100% Costco….. case closed…… the day you rip a sidewall on some crap left on the road and they discount you another tire where you pay based on the remaining tread life of your damaged one? You will be smitten for life……..
    https://tires.costco.com/

    3b says:
    October 21, 2024 at 2:09 pm
    Time to replace the tires on one of my cars. I had a Uniroyals and were happy with them. Are Michelins worth the premium price? Also, anyone have any experience with ETD tires. I don’t use my local guy anymore do to poor quality/ service. Thoughts appreciated.

  50. Libturd says:
    October 21, 2024 at 4:33 pm

    3B,
    Costco is great and convenient. But, price compare the tires at the the TireRack first. Especially if they have closeouts. They will ship the tires to a local Firestone who will balance and install them for you. It’s all done on the check out page at tirerack. Check the portals for click through discounts to Tirerack too. Sometimes it’s 8% which is good for $80 or so and always check to see if tire company is doing rebates. I swear by Michelin and certain Continentals (the Mexican made ones). Continental is the Michelin of Europe. Similar investment made in noise vs. grip vs. longevity. Check Consumer Reports for true quality reviews. Even Michelin makes some duds. The LAX recommended Pilot Super Sports AS are really amazing, but they won’t last as long as some others. I have driven some Continentals 80K miles.

  51. Libturd says:
    October 21, 2024 at 4:38 pm

    Chi, any reputable tire place will pro-rate their tires based on the warranty. Most won’t honor a sidewall hit though. Surprised to hear Costco did for you. Will have to check their policies next time I am there. Where Costco really excels is having so many tires that fit so many vehicles. I recently had to replace the garbage OEMs that came with my luxury Mazda. We were down by Little Egg Harbor when one started slow leaking (nail in the sidewall on the GSP). Had to call about ten places before one actually had two tires of that size in stock (was a Sunday). Replace them and then TireRacked the other two on Wednesday after. Saved almostg $200 on the second pair over what I paid for the first pair at Mavis.

  52. Libturd says:
    October 21, 2024 at 4:44 pm

    You got lucky Chi.

    “Road hazard failure” is defined as a tire that becomes unserviceable due to cuts, non-repairable punctures or impact damage. Costco Wholesale will repair tires with treadface injuries in accordance with established USTMA (United States Tire Manufacturers Association) standards.
    This warranty covers road hazard failures in most passenger, performance and light truck tires purchased from Costco Wholesale. The warranty may not be available for certain vehicles and/or tires – please contact the Tire Center for details.

  53. chicagofinance says:
    October 21, 2024 at 5:31 pm

    Lucky?

    My wife hit a doorframe that fell off a truck….. we thought we needed a new tire. Repaired….. no charge.

    I hit deer antlers and ripped a sidewall….. gave me discount based on treadwear.

    Wait for a rebate….. they cycle Bridgestone and Michelin back and forth. Michelin is not on rebate right now, but only a matter of time.

    Libturd says:
    October 21, 2024 at 4:44 pm
    You got lucky Chi.

    “Road hazard failure” is defined as a tire that becomes unserviceable due to cuts, non-repairable punctures or impact damage. Costco Wholesale will repair tires with treadface injuries in accordance with established USTMA (United States Tire Manufacturers Association) standards.
    This warranty covers road hazard failures in most passenger, performance and light truck tires purchased from Costco Wholesale. The warranty may not be available for certain vehicles and/or tires – please contact the Tire Center for details.

  54. Libturd says:
    October 21, 2024 at 5:32 pm

    What is MAGA?

    MAGA is that old couple who show up at ever town council meeting and complains about nonsense. They feel they are sticking it to the man, when in actuality, the town council either completely ignores what they are saying or more likely laughing at their non-sensical request. MAGA attends these Trump rallys because most are retired, collect socialized medicine and social security and label everyone except those in the mirror communists and socialists. Their three favorite termss are radicalized, globalization and ANTIFA. Most received their expertise in government from watching a slew of reporters all convicted of lying in the court of law, many now teetering on bankruptcy, which is appropraite considering that they always claimed to be in touch with their viewers and listeners. Now many of them really are, at least economically.

    And for those who think it was always this way. Nope. It didn’t start with Obama who was elected to a second term. It started with Trump and will hopefully end with him. As for TDS, it’s the easiest copout for anyone who cannot possibly defend their position. This explains why it is the defense MAGA uses 100% of the time.

    I still have a lot of faith in our country to do the right thing on Election Day and pull the lever for anyone but Trump.

  55. No One says:
    October 21, 2024 at 5:46 pm

    SmallGov,
    I’m not down to FL yet, but pool screen is getting repaired, my pool guy is ripping out all the old machines and replacing with a whole new system, will cost me about $20k. My car got totaled so am thinking of replacing my Audi Q5 with a Merc GLC. Has to hold two golf bags so no 911 in my future.
    Our friends on LBK say it’s pretty depressing for now, so much junk piled up in front of houses and all along Gulf of Mexico Drive. All of our friends but us had their pool cage structure collapse. Ours didn’t but still needed repairs. But restaurants are gradually coming back alive, the Club on Longboat Key has reopened, golf courses and tennis courts set to be all open by start of November when I should be down. St Armands Circle has been hit hard I hear lots of restaurants and shops are still closed, some might not come back.
    I heard the newly opened St. Regis Hotel is discounting deeply right now.
    Landscaping is going to be ugly this season, between the floods and the wind. But will probably be looking good by summer 2025 or 2026.
    On the mainland, I hear downtown Sarasota is pretty much back to business. Sounds like Siesta Key beach might not be in the best shape, but I rarely went there anyway. I don’t know how the airport will be like with a temporary roof. We noticed $1000 round trip flights next month Newark-Sarasota so instead are doing Newark-Tampa for half that.
    One bit of sad news came out before the hurricane hit, Geier’s Sausage, a German store, isn’t going reopen after a fire last year. I really liked that place, especially around Christmas.

  56. Libturd says:
    October 21, 2024 at 5:52 pm

    Florida at Christmas always seemed weird to me. Actually, Christmas in any warm weather climate always feels off.

  57. Juice Box says:
    October 21, 2024 at 9:16 pm

    Lib – hasn’t been exactly a winter wonderland around here during the holidays, it was 51 degrees last Dec 25th. The last time it snowed on Christmas Day in New York City was in 2009..

Leave a Reply

Your email address will not be published. Required fields are marked *