From Curbed SF:
Bubble Watch: Top-Tier Home Prices Surge Past 2007 Levels
Earlier this year, prices for the Bay Area’s most expensive homes hit and surpassed the previous highs of the 2007 housing bubble. Now, according to Standard & Poor’s Case-Shiller Index, which just tallied the numbers from this spring, top-tier homes have soared past that mark to reach record levels, rising 7 percentage points above what they were during the last bubble. The Case-Shiller considers high-priced homes to be those that sell for more than $840,000, which puts them into the top third of house sales among the five-county region covered by the index. But we probably don’t need to remind you that in the warped universe of the San Francisco market, Case-Shiller’s top tier is just below average. As you recall, this spring the median house sale price in the city reached $1.1 million—putting much of San Francisco in the top tier.
The priciest homes had a significantly smaller bubble and crash than the ones in the lower tiers, which are still in the midst of recovering from the 2007 nosedive. The bottom third of home prices have risen a jaw-dropping 79 percent in the past two years, but that still puts them 28 percent below their past peak values. The middle tier has risen 51 percent, putting it 12 percent beneath its top.
The housing market recovery began in earnest back in 2012, and the Case-Shiller shows that high-tier home prices have risen 43 percent since that time. This meteoric rise is even steeper than those of previous bubbles, like the dotcom bubble of 1996–2001, when prices rose 100 percent in five years, and the 2002–2008 housing bubble, when prices went up 54 percent over six years. Based on the pattern of past cycles, there’s no question that we are back in a bubble, but how long will this one last?
Good Morning New Jersey
http://time.com/3031079/suburbs-will-die-sprawl/
Absolutely agree, but how do you define what a suburb is?
Do you define city vs suburb by population density? That would make sense, no? Suburbs sprawl, so fewer people per square mile, cities have high rises and dense development, so a higher level of people per square mile.
Garfield, NJ has a higher population density than Boston, Mass.
Fort Lee, NJ has a higher population density than Chicago, Ill.
Prospect Park, NJ has a higher population density than Philadelphia, Pa.
Guttenberg, Union City, West New York, and Hoboken all have a higher population density than New York City.
The city of Dallas is 450 square miles, if you combined Bergen and Passaic Counties, you would have approximately 443 square miles. The combined population of Bergen and Passaic Counties would be nearly 1.4 million, versus Dallas which has 1.3 million. If Bergen and Passaic were consolidated into a single “City” from a naming perspective, it would be equivalent to Dallas, Tx.
Again, how do you define suburb?
Most of NJ’s “suburbs” are more “city” than most cities are across the United States.
Top 25 most populous counties in the US:
Rank County name Pop/km2 Pop/mile2
1 New York County, New York (Manhattan Borough) 25,845.71 66,940.07
2 Kings County, New York (Brooklyn Borough) 13,481.39 34,916.64
3 Bronx County, New York (The Bronx Borough) 12,243.04 31,709.34
4 Queens County, New York (Queens Borough) 7,879.95 20,408.98
5 City and County of San Francisco, California 6,422.57 16,634.37
6 Hudson County, New Jersey 5,036.17 13,043.62
7 Suffolk County, Massachusetts 4,551.51 11,788.35
8 Philadelphia County, Pennsylvania 4,337.32 11,233.61
9 Washington, D.C. 3,597.09 9,316.43
10 City of Alexandria, Virginia 3,263.33 8,451.99
11 City of Baltimore, Maryland 3,111.36 8,058.40
12 Richmond County, New York (Staten Island Borough) 2,929.69 7,587.86
13 Arlington County, Virginia 2,827.54 7,323.30
14 Essex County, New Jersey 2,426.79 6,285.36
15 Cook County, Illinois 2,195.21 5,685.58
16 City of Saint Louis, Missouri 2,171.00 5,622.87
17 City of Falls Church, Virginia 2,017.69 5,225.79
18 Union County, New Jersey 1,953.30 5,059.01
19 Nassau County, New York 1,797.29 4,654.97
20 City of Charlottesville, Virginia 1,694.89 4,389.74
21 City of Norfolk, Virginia 1,684.47 4,362.76
22 City of Manassas Park, Virginia 1,594.23 4,129.03
23 Milwaukee County, Wisconsin 1,502.73 3,892.06
24 Bergen County, New Jersey 1,457.74 3,775.52
25 City and County of Denver, Colorado 1,396.45 3,616.78
3 – Case by Case. Broad assumptions that Town X has it so we also need it (or that it will even work here) is what gets people in messes in the first place.
A conservative financial payback model based on the specifics and a willingness to acknowledge the worst case situation has the highest probability of occurring should be required in every town charter.
If you can live with the worst case situation happening, you at least made an informed decision even if it was stupid one. “We had no idea…” should be an executable offense.
Population density will thin out when we’re roaming the country in armed packs.
I believe Obama’s real name is Bebo.
Once again, they are talking about the death of middle america. They are not talking about the coasts. California and northeastern suburbs are nothing like what this quote describes. Grim is dead on with his position on what is considered a suburb. When they describe the need for walk-able communities, they are talking about places described in this quote, not northern nj. Plain and simple. This is why I call bs on the walk-able communities trend for northern nj. Most of northern nj, you don’t have to go far for anything. The places they are talking about, you have to drive 30 min for anything.
“Marohn thinks this is all just too gluttonous. “The fact that I can drive to work on paved roads where I can drive fifty-five miles an hour the minute I leave my driveway despite the fact that I won’t see another car for five miles,” he says, “is living beyond our means on a grand, grand scale.””
[2] HB – Wow!!! I had no idea that suburbs are fundamentally unviable.
From the article:
One of the most popular articles on the Strong Towns Web site is a five-part series Marohn wrote likening American suburban development to a giant Ponzi scheme.
Here’s what he means. The way suburban development usually works is that a town lays the pipes, plumbing, and infrastructure for housing development—often getting big loans from the government to do so—and soon after a developer appears and offers to build homes on it. Developers usually fund most of the cost of the infrastructure because they make their money back from the sale of the homes. The short-term cost to the city or town, therefore, is very low: it gets a cash infusion from whichever entity fronted the costs, and the city gets to keep all the revenue from property taxes. The thinking is that either taxes will cover the maintenance costs, or the city will keep growing and generate enough future cash flow to cover the obligations. But the tax revenue at low suburban densities isn’t nearly enough to pay the bills; in Marohn’s estimation, property taxes at suburban densities bring in anywhere from 4 cents to 65 cents for every dollar of liability. Most suburban municipalities, he says, are therefore unable to pay the maintenance costs of their infrastructure, let alone replace things when they inevitably wear out after twenty to twenty-five years. The only way to survive is to keep growing or take on more debt, or both. “It is a ridiculously unproductive system,” he says.
10 – So what you are telling me is that low property tax areas around the United States are unsustainable and will need to raise property taxes significantly in the coming years?
No shit, err, rather, yes shit, because it turns out that dealing with shit is expensive.
lmao…..nj is going to look like a bargain in 10 years when the rest of america catches up in property taxes. Go long nj!
grim says:
July 31, 2014 at 8:28 am
10 – So what you are telling me is that low property tax areas around the United States are unsustainable and will need to raise property taxes significantly in the coming years?
No shit.
i think the murmur around most city halls in NJ is panic. at least it should be. the place sucks and i’m really thinking of ways the gtfo.
[4] grim – It is all about density. Also wage density and property tax density, not just population density. I imagine the Minnesota flavor of suburb, like in the article, is the type where property taxes bring in 4 cents for every $1 of liability and Glen Rock is maybe at the other end where due to greater density(all kinds) brings in 65 cents for every $1 of liability. In the long run it seems to me that it’s not about sorting winners and losers but rather sorting first losers and last losers. I imagine the failures will roll in from the exurbs, then gather speed moving through the far out suburbs, and we’ll see where (or if!) the wave stops. I imagine gentrification in the cities will jettison enough population to build a sea wall somewhere outside the cities, building a protective barrier for the close-in suburbs. Maybe that’s why Tenafly was “on fire” a while back.
Again, how do you define suburb?
Most of NJ’s “suburbs” are more “city” than most cities are across the United States.
in the denser counties here the quality of life is on par with the Gulag. (thanks Clot)
12. mike you are ‘complicated’ aren’t you?
The Department of Labor’s latest weekly initial jobless claims report came in at 302,000.
Expectations were for claims to total 300,000, up from last week’s 284,000 which was the best reading since February 2006.
Last week’s number was revised lower, to 279,000 from 284,000.
[16] Essex – I find Michael to be very simple. I do believe Michael finds math to be complicated, though.
12. mike you are ‘complicated’ aren’t you?
If the rest of America starts raising their taxes, I would think this would benefit nj. Why would it not?
Essex says:
July 31, 2014 at 8:49 am
12. mike you are ‘complicated’ aren’t you?
19. because no one wants to live here that actually has a choice.
in the denser counties here the quality of life is on par with the Gulag. (thanks Clot)
Isn’t this what we’ve been saying for nearly 10 years now? The lever that will be moved is not income, wages, or house prices, but standard of living, and we know for certain it’s not going to be moving upwards.
What’s that mean? More expensive housing, smaller housing, higher density, fewer services, lower quality services, higher taxes, more expensive food, more expensive energy.
We’ve lived in near luxury since WWII, not any longer.
I see no situation where anything becomes less expensive on a relative basis.
…and I sincerely believe that the vast majority of the populace are functionally retarded….
21. absolutely.
Don’t look at macroeconomic data being inputs to a function that determines the standard of living for a population, that will no longer work. Instead, Standard of Living is the input to the function, which will strongly influence the direction of macroeconomic and population data (income, unemployment, etc). We go the other way now.
Jesus H Christmas ever since the turn of the century some jackwagon has predicted the death of the suburbs. Here is one thing these idiots don’t take into account human behavior. It is neither predictable nor rational. Though some may disagree when it comes to bubbles. Though I would argue they are only predictable when they appear but are never rational.
Essex 22 and there is the other point the entire population acts like they have had a collective lobotomy.
22 – Nobody ever got rich overestimating the intelligence of the American public.
Saw an interesting bit the other day about how self-driving cars would increase sprawl, fuel consumption, miles driven, etc.
Ken Laberteaux, who studies future transportation for Toyota, thinks that autonomous cars could lead to more pollution, not less, says Bloomberg. However, Laberteaux’s theory isn’t so much based purely on science as it is considering behavioral and historical trends. “US history shows that anytime you make driving easier, there seems to be this inexhaustible desire to live further from things,” said Laberteaux during a presentation at the Automated Vehicles Symposium in San Francisco, CA, cited by Bloomberg.
Laberteaux’s belief is that if commuters can make their drives easier, then they will be more willing to live farther away from the cities where they work. The end result would be more urban sprawl and increased pollution from the longer travel times.
The hypothesis is completely the opposite of how we generally think about autonomous vehicles, with some experiments showing fuel economy improvements by as much as 20 percent. However, Laberteaux is looking beyond one-off observations and extrapolating further. With the law still figuring out how to get driverless cars on the road, we’re probably still decades from finding out what effects they will actually have on the world.
The automobile enabled the suburb, the autonomous automobile saved it.
One need only to look at how poorly the local tax revenue is spent to see why the towns need to take on debt.
At Gator Jr.’s elementary school in Montclair they have a janitor who is very popular with the kids. When I used to pick my son up from aftercare, this janitor would always be sitting on the porch by the back door where we would pick the kids up. Inside the school was a contracted cleaning service. There is no doubt this janitor was on overtime. Worst of all, the fat bastard wouldn’t even hold the door for you even if you were coming into the school carrying a baby in one hand and a school project in the other. He also wore a bluetooth every waking hour, which we all know is vital when sweeping floors and cleaning bathrooms.
This is a simple anecdotal example, but I could easily provide you one for every department in the Montclair local government that I’ve had the unfortunate privilege to have to work with. If this kind of waste occurred in the private sector jobs where I have worked, I would get behind a universal wage growth moratorium.
Here’s another example. At the Montclair Fire Department, which costs each household in Montclair something like $200 per year, they used to not stagger firefighter shifts to cover planned and unplanned absences. They would simply pay enormous amounts of overtime having firefighters work two shifts in a day. Even if the first shift had extra coverage, the fire chief wouldn’t move any of the firefighters schedules around. In the public sector, it’s better to have tired, but generously compensated firemen over alert firemen. I imagine the fire chief brings in 150K a year or so for his lack of expertise in staffing. I only know of this shift coverage issue because the town brought in a consultant a few years back to look for cost savings when the financial crisis killed the local tax revenues. You would think the fire chief wouldn’t need a consultant to do his job for him, but this is the public sector we are talking about.
Here’s another one. As bookstores like Borders, Walden’s and Dalton’s have succumbed to the digital age, Montclair has the most expensive library per capita in the state. Every resident pays $82 per year to keep this mediocre library open. To make matters worse, there is a much more thorough and larger library available to all Montclair residents at Montclair State which we don’t pay a penny for. But the town couldn’t survive without it’s two libraries (yes we have two) at $3.2 million per year. For me, it would be cheaper to just buy the books from Amazon then to borrow them for the MPL.
I could go on all day to prove the progressives have it all wrong. It’s not the infrastructure that puts these suburbs into debt. It’s the wasteful spending and lack of transparency. This whole walkable city movement will be so forgotten sooner rather than later. Heck, look at Hoboken. The town is one square mile and a $2.00 PATH fare from NYC. Every single resident that I know (and there are a lot of them) owns a car. The progressives are living in some kind of bizarre dream world. Sure, I would commute to work by mass transit. But it’s cheaper, quicker and more comfortable for me to do it by car. I got home yesterday, door to door (from 54th and 6th to Glen Ridge) in forty-five minutes. And I didn’t have to sweat like a pig in the bowels of Penn Station waiting for them to post my train so I could get ahead of the stampede down the steps to the sauna (where the train sits, but the doors aren’t yet open) to ensure I get a seat. Of course, there is no guarantee that the Michelin Man, who happens to be suffering from Krone’s disease, doesn’t take the middle seat next me and explodes methane bombs the whole 40-minute ride home (if I’m lucky).
And I’m now firmly of the belief that everything we [think we] know about millennials is absolutely and entirely incorrect.
I keep asking the township to fix the crumbling curbs in front of my house. Lately I’m thinking it might be cheaper in the long run to fix them myself.
Reposting my late night question from yesterday…
For the realtors among us here….Friends are trying to buy a house where the owner is in Chapter 7 bankruptcy. What extra special torture can they expect to endure during this process if they decide to pursue it?
The author compares Camden, NJ to silicon valley. In the tech industry, always innovate and come up with new products or you quickly become extinct.
http://www.theatlantic.com/technology/archive/2014/07/could-silicon-valley-become-the-next-camden/375248/
@SenSanders:
Doubting scientific facts does not change those facts. #ClimateChange
32 – The question should be for the attorneys, not the Realtors, since this has more to do with bankruptcy law. I’ve only seen one and I believe the seller in bankruptcy needed to file a motion to sell to the court to disclose specifics regarding the sale, proceeds, and be given approval by the court to execute the sale.
Lack of information and unwillingness to communicate status and issues is probably the biggest problem. Is this also a short sale? Were they using Chapter 7 to delay foreclosure and eviction? That would make this much more complicated.
@AnonEMoose: Steadfast belief in Mother Earth fairy tales does not make them reality.
36 – Don’t you mean Mother Jones?
Grim – Definitely in Chapter 7….decision on whether to accept offer not in seller’s hands…in bankruptcy trustee.
Grim,
Back in my younger more impressionable days, I took a class titled, “Energy, Power and Transportation.” In it we had to read a book which if I am not mistaken, was written by Noam Chomsky (yeah, him again). Well it took about about two hundred pages to essentially say that if you add a lane to a road, traffic on that road will rapidly increase in proportion to the number of lanes being added, quickly erasing any advantage that adding the lane might have had. And this traffic increase won’t result in a drop in traffic on other routes. Much of the increase will come from people who formerly used other methods of transportation seeing that driving is now quicker.
Anon,
Do you have any tweets you could share with us from Colonel Sanders? He did a lot more good than Senator Sanders. At least his recipe was original.
I wonder what Senator Sander’s opinion is on Hamas?
33 – That’s a great piece.
Anon…square this one up for me will you?
http://www.thedailybeast.com/articles/2014/07/30/even-left-wing-congressmen-can-t-quit-israel.html
@lil_rich44: Colonel Sanders once said, ” Im too drunk to taste this chicken. “
Anon Now I don’t doubt that climate change is real as the earth’s climate has always changed. I do doubt the theory of anthropogenic climate change because there is no tangible evidence that these are not normal cyclical events being observed by a species that can quantify it to an extent. Climate change consensus is muddled by a multitude of factors. Most of which are holes in the scientific method used in analysis, inability of models to account for a multitude of variables, limited statistical variables over the length of the system, and last but not least lack of reproducibility of results. Anon in response to looney Sanders ridiculous tweet here is how the science works.
A scientific theory summarizes a hypothesis or group of hypotheses that have been supported with repeated testing. If enough evidence accumulates to support a hypothesis, it moves to the next step—known as a theory—in the scientific method and becomes accepted as a valid explanation of a phenomenon.
The Scientific Method is an organized way of figuring something out. There are usually six parts to it.
Purpose/Question- What do you want to learn? An example would be, “What doorknob in school has the most germs ?” or “Do girls have faster reflexes than boys?” or “Does the color of a light bulb affect the growth of grass seeds?”
Research- Find out as much as you can. Look for information in books, on the internet, and by talking with teachers to get the most information you can before you start experimenting.
Hypothesis- After doing your research, try to predict the answer to the problem. Another term for hypothesis is ‘educated guess’. This is usually stated like ” If I…(do something) then…(this will occur)”
An example would be, “If I grow grass seeds under green light bulbs, then they will grow faster than plants growing under red light bulbs.”
Experiment- The fun part! Design a test or procedure to find out if your hypothesis is correct. In our example, you would set up grass seeds under a green light bulb and seeds under a red light and observe each for a couple of weeks. You would also set up grass seeds under regular white light so that you can compare it with the others. If you are doing this for a science fair, you will probably have to write down exactly what you did for your experiment step by step.
Analysis- Record what happened during the experiment. Also known as ‘data’.
Conclusion- Review the data and check to see if your hypothesis was correct. If the grass under the green light bulb grew faster, then you proved your hypothesis, if not, your hypothesis was wrong. It is not “bad” if your hypothesis was wrong, because you still discovered something!
A few other terms you may need to know:
Independent Variable This is the part of your experiment that you will test (vary) to answer your hypothesis. In the example above, the independent variable would be the different colors of the light bulbs.
Dependent Variable This is what occurs in response to the changing independent variable. In our example the Dependent Variable is how much the grass seeds grow.
Control The control should be the part of the experiment where you do not include the Independent Variable. In our example, grass seed that is growing under the white (uncolored) bulb would be your control. The control lets you compare your results in the experiment.
Now you can go back to parroting nonsense
@MotherJones:
Watch: UN Agency Spokesman Breaks Down In Tears While Talking About Gaza School Bombing http://t.co/Kf3Ofl4O2L
@davos:
Why the #Antarctic meltdown is even more dangerous than you thought: http://t.co/l8WiYiPTNX @NASA #wef #ClimateChange http://t.co/qBKRchAPVz
Did the Mother Jones story mention that Hamas uses UN schools as missile depots? Some people might find that unsafe….
http://www.cnn.com/2014/07/13/world/meast/mideast-tensions/
anon (the good one) says:
July 31, 2014 at 11:01 am
@MotherJones:
Watch: UN Agency Spokesman Breaks Down In Tears While Talking About Gaza School Bombing http://t.co/Kf3Ofl4O2L
Video from 2010 of Hamas launching rockets from UN School
https://www.youtube.com/watch?v=Q-hEbpow5WE
UNRWA STRONGLY CONDEMNS PLACEMENT OF ROCKETS IN SCHOOL
http://www.unrwa.org/newsroom/press-releases/unrwa-strongly-condemns-placement-rockets-school
49 – 4 years later?
[34] anon,
“Doubting scientific facts does not change those facts. ”
Scientists once thought the world was flat, the earth was the center of the solar system, and that there were only four elements (earth, water, fire, air).
Apparently someone doubted these scientific “facts.”
(I know, I know, feeding the troll, but this was too easy to ignore).
[51] errata
S/B too easy NOT to ignore
[44] pain,
That’s a great rebuttal but do you think it necessary to devote that much effort to such a simpleton?
[43] anon
Great reporting on Col. Sanders. Probably the most useful thing you posted in weeks.
http://www.theglobeandmail.com/news/world/globe-in-gaza-bad-food-bad-smells-at-refugee-shelter/article19650579/#dashboard/follows/
Heading toward the exit, we were overwhelmed by the jet-like sound of two rockets being launched from somewhere near the school. Hamas, or some or militant group, clearly is hoping the Israelis won’t strike at the launchers, which are kept underground until the moment of firing, because they’re close to the school and so many refugees.
As the Hamas-made missiles screamed off into the sky, leaving a white vapour trail, the kids all cheered. One older boy of maybe 12, shouted in Arabic “They’re R160s,” named for the late Hamas leader Abdel Aziz Rantisi who was assassinated by Israel in 2004. These are the big, long-range rockets usually reserved for Tel Aviv, Jerusalem or the airport in between.
Speaking of Antartica, it is a downright balmy -94 F at the South Pole. I expect the extinction of the penguins by the end of the year.
http://weather.noaa.gov/weather/current/NZSP.html
Pavlov (Anon) only responds to tweets. It helps if they are from the Border Collie too.
I keep mentioning this. It shouldn’t be camden, it should be newark. The location is perfect. Now if these looser politicians can figure it out, that would be great for the state of nj and the northeast in general.
Toxic Crayons says:
July 31, 2014 at 9:42 am
The author compares Camden, NJ to silicon valley. In the tech industry, always innovate and come up with new products or you quickly become extinct.
http://www.theatlantic.com/technology/archive/2014/07/could-silicon-valley-become-the-next-camden/375248/
I don’t want the looser [sic] politicians to figure it out. I want to take away their power and ‘legimiate’ authority. Also, if they got hit by a bus, that wouldn’t be a bad thing either. We don’t need the right city (central) planners. We don’t need any. Even if we were graced with a utopian set of politicians, they better live forever because the next people will not be perfect and the problems will be back in no time.
Hmmm San Francisco. That sh-thole is full of degenerates. Only thing that place is good for is spreading HIV.
On another note I went food shopping yesterday. I felt like I was walking through some sort of carnival high on acid. I’m beginning to believe that the American people have undergone some sort of rapid metamorphysis. I don’t even recognize them as human beings. They look more like bags of potatoes on legs only with crooked backs and a limp.
This is our future. Enjoy your day everyone:)
Mentioning what?
Are you even embarrassed that day after day you display to the world that you have no reading comprehension skills?
Michael says:
July 31, 2014 at 12:14 pm
I keep mentioning this. It shouldn’t be camden, it should be newark. The location is perfect. Now if these looser politicians can figure it out, that would be great for the state of nj and the northeast in general.
Toxic Crayons says:
July 31, 2014 at 12:36 pm
Mentioning what?
Are you even embarrassed that day after day you display to the world that you have no reading comprehension skills?
Is Michael implying that the politicians are sexually promiscuous?
Michael says:
July 31, 2014 at 12:14 pm
I keep mentioning this. It shouldn’t be camden, it should be newark. The location is perfect. Now if these looser politicians can figure it out, that would be great for the state of nj and the northeast in general.
Is Michael implying that the politicians are s3xually promiscuous?
Toxic Crayons says:
July 31, 2014 at 12:36 pm
Mentioning what?
Are you even embarrassed that day after day you display to the world that you have no reading comprehension skills?
Michael says:
July 31, 2014 at 12:14 pm
I keep mentioning this. It shouldn’t be camden, it should be newark. The location is perfect. Now if these looser politicians can figure it out, that would be great for the state of nj and the northeast in general.
w/o a doubt, The Wire is the best tv ever
@GuardianUS: Miss The Wire? Good news: its creator David Simon has announced a new drama, Show Me a Hero
Did you read the article right below that one? Didn’t make much sense to me. Saying removing Hamas could be worse, and that they’re the least bad option. I’m not sure how you can get any worse than a group whose stated goal is the destruction of Israel.
Libturd in Union says:
July 31, 2014 at 10:17 am
Anon…square this one up for me will you?
http://www.thedailybeast.com/articles/2014/07/30/even-left-wing-congressmen-can-t-quit-israel.html
heWUZi xogtcupsmgjd, [url=http://xoazitgzqzoe.com/]xoazitgzqzoe[/url], [link=http://dpxdwuhzsvjx.com/]dpxdwuhzsvjx[/link], http://mztdgiozlqla.com/
Manhattan and Nassau County are relatively tiny compared to population. Those Jersey towns are a lot of square miles in some cases.
5.grim says:
July 31, 2014 at 7:11 am
Top 25 most populous counties in the US:
Rank County name Pop/km2 Pop/mile2
1 New York County, New York (Manhattan Borough) 25,845.71 66,940.07
2 Kings County, New York (Brooklyn Borough) 13,481.39 34,916.64
3 Bronx County, New York (The Bronx Borough) 12,243.04 31,709.34
4 Queens County, New York (Queens Borough) 7,879.95 20,408.98
5 City and County of San Francisco, California 6,422.57 16,634.37
6 Hudson County, New Jersey 5,036.17 13,043.62
7 Suffolk County, Massachusetts 4,551.51 11,788.35
8 Philadelphia County, Pennsylvania 4,337.32 11,233.61
9 Washington, D.C. 3,597.09 9,316.43
10 City of Alexandria, Virginia 3,263.33 8,451.99
11 City of Baltimore, Maryland 3,111.36 8,058.40
12 Richmond County, New York (Staten Island Borough) 2,929.69 7,587.86
13 Arlington County, Virginia 2,827.54 7,323.30
14 Essex County, New Jersey 2,426.79 6,285.36
15 Cook County, Illinois 2,195.21 5,685.58
16 City of Saint Louis, Missouri 2,171.00 5,622.87
17 City of Falls Church, Virginia 2,017.69 5,225.79
18 Union County, New Jersey 1,953.30 5,059.01
19 Nassau County, New York 1,797.29 4,654.97
20 City of Charlottesville, Virginia 1,694.89 4,389.74
21 City of Norfolk, Virginia 1,684.47 4,362.76
22 City of Manassas Park, Virginia 1,594.23 4,129.03
23 Milwaukee County, Wisconsin 1,502.73 3,892.06
24 Bergen County, New Jersey 1,457.74 3,775.52
25 City and County of Denver, Colorado 1,396.45 3,616.78
And there’s another set of beautiful reading comprehension
Nom (53) after I posted it I thought the same exact thing. I just could not leave it unsaid, but it was not nearly that much work grabbed hypothesis definition and a version of the scientific method used for 6th graders figuring that is about the level of anon’s cognition a slapped it up there.
Speaking of climate change, this Summer has been cold as a mofo. Have pool owners just thrown in the towel? I’d hate to know what it would cost to heat one this year.
CF can I pick your brain, have a few questions
Who the F heats a pool? I just get a few sliders and tacos feed a few fat kids and let them go for a quick swim.
Actually, it has been a cheap year for my pool. I used a lot less chemicals when it is cooler and run the filter less.
70.nwnj says:
July 31, 2014 at 1:26 pm
Speaking of climate change, this Summer has been cold as a mofo. Have pool owners just thrown in the towel? I’d hate to know what it would cost to heat one this year.
Jesus, it’s a blog. I don’t have time to go over grammatical mistakes.
Relax, I didn’t read the article, glanced over your post. Saw silicon valley and camden, and just mentioned my belief that the location of newark could be a great location to create a new industry. Ball busters.
chicagofinance says:
July 31, 2014 at 12:45 pm
Is Michael implying that the politicians are s3xually promiscuous?
Toxic Crayons says:
July 31, 2014 at 12:36 pm
Mentioning what?
Are you even embarrassed that day after day you display to the world that you have no reading comprehension skills?
Michael says:
July 31, 2014 at 12:14 pm
I keep mentioning this. It shouldn’t be camden, it should be newark. The location is perfect. Now if these looser politicians can figure it out, that would be great for the state of nj and the northeast in general.
I actually love jersey. After living here, I can’t figure out why anyone would want to live anywhere else. You have opportunities to make money, go to the beach, go skiing, lake life, beach life, city life, suburban life, a large population of educated people. You have access to one of the greatest cities in the world. Just think of how many museums are available in this area, never mind all the good restaurants. Hell, Nj is prob one of the last places in the country where you can find towns that are over 90% white. I can see parts of cali being comparable, but the price of real estate will be through the roof. Let people hate jersey, I love it. There is a reason this state has one of the highest population densities in the country. It’s a good place to live.
Essex says:
July 31, 2014 at 9:08 am
19. because no one wants to live here that actually has a choice.
74- Most parts of the country are boring as hell. They have no good restaurants or anything good in general to offer from a cultural aspect. Most cities in the u.s. are so boring that there is nothing to do after 10 at night. So everyone goes to sleep.
Jersey is near the greatest city on Earth, Manhattan, near the greatest sking in Northeast in Vermont, near the best beaches on the East Coast in the Hamptons. So is the Bronx, Staten Island and Newark.
74.Michael says:
July 31, 2014 at 2:24 pm
I actually love jersey. After living here, I can’t figure out why anyone would want to live anywhere else. You have opportunities to make money, go to the beach, go skiing, lake life, beach life, city life, suburban life, a large population of educated people. You have access to one of the greatest cities in the world. Just think of how many museums are available in this area, never mind all the good restaurants. Hell, Nj is prob one of the last places in the country where you can find towns that are over 90% white. I can see parts of cali being comparable, but the price of real estate will be through the roof. Let people hate jersey, I love it. There is a reason this state has one of the highest population densities in the country. It’s a good place to live.
Yeah, but coming from you is really scary…..
grim says:
July 31, 2014 at 1:28 pm
CF can I pick your brain, have a few questions
My pool is been about 82F all of July. No heater involved. When we had our heat wave last summer and the outside temp was over 100F for several days my pool went up over 90F. It wasn’t any relief except late at night.
Mis-interpreting facts and falsifying climate research data also does not change the facts. #Geology101 #ClimateConstantHasNeverExistedAndNeverWill
“Doubting scientific facts does not change those facts. #ClimateChange”
Almost 300 points down in DOW. Get your shopping list out and put some low ball buy orders in now. usually bounces back near close so you have 30 minutes to shop.
last 200 point dip was last april 10 so dont get to dip buy too often.
Exxon and Kraft for instance are at good prices right now. Exxon and Kraft have a pretty good dividend.
Market Update
DJIA 16,586.35 -294.01 -1.74%
NASDAQ 4,372.34 -90.57 -2.03%
S&P 500 1,933.20 -36.87 -1.87%
Lol nice one. Too bad the people from those areas do not leave that area. Another positive of jersey. People stay in their place. You don’t have to deal with the people of Paterson or Newark unless you go there.
Long Island, rockland county, westchester, and southern Connecticut also can be thrown in here with jersey. Hence, why they are all relatively wealthy places in the u.s. Rather live in jersey though, closer to more places you want to be. I can be down the shore at jenks in hour. I can be in the city (not rush hour) in 30 min.
“Jersey is near the greatest city on Earth, Manhattan, near the greatest sking in Northeast in Vermont, near the best beaches on the East Coast in the Hamptons. So is the Bronx, Staten Island and Newark.”
Facts? A mere 20,000 years ago when your ancestors were swinging from trees sea levels were 130 meters below current levels. For the last 18,000 years while your ancestors spent allot of that time growling in caves like dogs sea level rise has varied from 1m to 3m per century. For the last two centuries as man industrialized and started burning fossil fuel we have come no where near 3m per century sea level rise.
Behind my house is a 72 million year old fossil bed of sea critters. I am about 90 ft above sea level. At current sea level rise my property won’t be oceanfront anytime soon. No worries for me.
How about the AGW cheerleaders all give up autos first, and then stop using any product that was made with or via energy derived from any kind of fossil fuel product. Lead the way tree huggers show us all how it is done.
In last 15 minute bounce back range. Dow just took back 25 points
No laws were broken here. Move along nothing to see.
http://abcnews.go.com/Politics/wireStory/cia-director-apologizes-senate-leaders-24789573
I think this guy makes some good points. I honestly believe the market will be good for a long time. Corrections will come, but the trend should remain to have growth for a long time.
“I agree a correction will happen sometime, but it is dangerous to mix a political wish/hope and investment strategy. I just do not see a major correction (20-30%) any time soon. You have to look at where the money would flow – if people can make 5-6% on dividend equities why would there be a major flow to 1% cds unless there was a major market risk out there. We have just gone through earnings season and most companies have been beating their top and bottom line projections. Future PE ratios are falling and there are some hot sectors out there – energy, healthcare and tech. I know people who pulled money out back in Jan/Feb (mostly because they “knew” the Obama economy would fail) and all they did was leave 15% on the table. The same people think the GOP will win the November election and after that everything will be better. If they really think that they will never pull out of the market for very long – not enough time for a major correction.”
JJ says:
July 31, 2014 at 3:43 pm
In last 15 minute bounce back range. Dow just took back 25 points
@nypost: President Obama tells Republicans to “stop just hatin’ all the time”
qBYO0G yuzqyusklzrx, [url=http://nbnflmvnwwyp.com/]nbnflmvnwwyp[/url], [link=http://tozccrgxczrm.com/]tozccrgxczrm[/link], http://jinklljicizx.com/
re # 86 – “trend should remain to have growth for a long time”
Sure with more Rainbows and Unicorns.
According to dot gov we are already above potential GDP.
How is this chart even possible?
http://research.stlouisfed.org/fred2/graph/?chart_type=line&recession_bars=on&log_scales=&bgcolor=%23e1e9f0&graph_bgcolor=%23ffffff&fo=verdana&ts=12&tts=12&txtcolor=%23444444&show_legend=yes&show_axis_titles=yes&drp=0&cosd=1947-01-01%2C1947-01-01&coed=2014-04-01%2C2014-04-01&width=670&height=445&stacking=&range=&mode=fred&id=GDP%2CGDPPOT&transformation=lin&nd=&ost=-99999&oet=99999&scale=left&line_color=%234572a7&line_style=solid&lw=2&mark_type=none&mw=1&mma=0&fml=a&fgst=lin&fq=Quarterly&fam=avg&vintage_date=&revision_date=
Economists sign petition asking Congress to contain fallout from Argentina debt ruling
by Tyler Cowen on July 31, 2014 at 3:51 pm in Current Affairs, Economics, Law, Uncategorized | Permalink
The notice is here, signers include Bob Solow and Dani Rodrik. I agree with their arguments, and you will find my slightly different but still consistent earlier critique here. Here is one bit from the press release:
“It’s a widely shared opinion among economists that the court’s attempt to force Argentina into a default that nobody – not the debtor nor more than 90 percent of creditors – wants, is wrong and damaging,” said Mark Weisbrot, economist and Co-Director of the Center for Economic and Policy Research, who helped circulate the letter.
Wow Michael letting that racism mask slip again. You are a good liberal
@AlexiLalas: Hello NJ. I’m in you…again.
I caught that too. This is the 3rd day or so of making a little remarks.
Juice [83];
How about the AGW cheerleaders all give up autos first, and then stop using any product that was made with or via energy derived from any kind of fossil fuel product. Lead the way tree huggers show us all how it is done.
I’ll believe its a crisis when the people who tell me a crisis themselves start acting like its a crisis.
Globetrotting Harvard Prof Takes Break From Jet-Setting To Gripe About Climate Change Deniers
Hat Tip
@BillMoyersHQ: When you’re scientifically literate, the world looks different to you.
@GlennHarrisRytr: @BillMoyersHQ No kidding. I can’t even imagine what a right-wing science denier sees. Nor would I want to imagine it. Ignorance is ugly.
several buy limit orders hit in last 30 minutes. We will find out tommorrow who was the fool me or folks on the other side of the trades.
It must be very soothing to tell yourself that everyone who disagrees with you is just stupid. No chance your fragile ego might have to cope with how grievously wrong you are.
A global warming climate crisis denier sees something like this:
From the co-founder of the International Journal of Forecasting:
http://www.theclimatebet.com/?cat=11
Or maybe they read Chapter 8 of Nate Silver’s “”The Signal and The Noise” where the guy everyone celebrated for predicting the last election points out that past predictions of global warming have been indisputably wrong, as well as the ranges of uncertainty that global warming forecasters associated with their predictions. Leftists, who loved him when he predicted Obama would win, and by how much, have now commenced multiple smear campaigns against him.
They would have also been aware of the fraudulent nature of Michael Mann years ahead of time had they been following this website:
http://climateaudit.org/
They might also be interested in this information, explaining the value of fossil fuels, in case it wasn’t self-apparent.
http://industrialprogress.com/blog/
I mentioned the weather this year to an ubergreenie that I know and they reflexively responded “global warming”…..I said OK why exactly? Response…global warming has melted polar ice thereby cooling the ocean water and causing below average temperatures. Fine….so I asked…..”you mean heat proves global warming and cold proves global warming?”…..no recognition seen in the eyes of the person…..just the demeanor of someone stating facts…..
Juice Box says:
July 31, 2014 at 2:33 pm
My pool is been about 82F all of July. No heater involved. When we had our heat wave last summer and the outside temp was over 100F for several days my pool went up over 90F. It wasn’t any relief except late at night.
More like with new technology.
That’s why I have been researching alternative energy companies. I really believe in solar. IMO, it’s inevitable that solar will soon start taking over as the go to source of energy. Hell, fossil fuels are just trapped energy from the sun. Solar panels have been around since the 50’s without much improvement. Obviously, cheap oil didn’t provide the need to improve on the technology. Now that they are doing the research to make more efficient solar panels that could out compete fossil fuels on a cost basis, we are about to see this provide major growth for the American economy for the next 30-40 years.
A new technology always takes over and provides growth that no one saw coming. Computers were just like solar panels in the beginning. They improved the technology, making it smaller and more cost effective so that everyone can have one at home. How many businesses have come about from that technology. Solar will be the same. It’s only in its infancy.
Juice Box says:
July 31, 2014 at 4:14 pm
re # 86 – “trend should remain to have growth for a long time”
Sure with more Rainbows and Unicorns.
According to dot gov we are already above potential GDP.
How is this chart even possible?
http://research.stlouisfed.org/fred2/graph/?chart_type=line&recession_bars=on&log_scales=&bgcolor=%23e1e9f0&graph_bgcolor=%23ffffff&fo=verdana&ts=12&tts=12&txtcolor=%23444444&show_legend=yes&show_axis_titles=yes&drp=0&cosd=1947-01-01%2C1947-01-01&coed=2014-04-01%2C2014-04-01&width=670&height=445&stacking=&range=&mode=fred&id=GDP%2CGDPPOT&transformation=lin&nd=&ost=-99999&oet=99999&scale=left&line_color=%234572a7&line_style=solid&lw=2&mark_type=none&mw=1&mma=0&fml=a&fgst=lin&fq=Quarterly&fam=avg&vintage_date=&revision_date=
Responding to anon is like pouring water on a gremlin.
That said, I do support green energy even if I don’t buy the climate debate
For the life of me, I don’t understand the attraction of SF. After living and working in every major city in the northeast, my response to seeing SF was “meh”
It may shine say …November through April….
You can call it racism, but I beg to differ. I think it has more to do with class structure. You know I have compassion for the people at the bottom, it’s why you accuse me of being a liberal. At the same time, it makes me sick being around them. I can only take so much ignorance. Doesn’t mean I don’t want to help them, I just don’t know how.
White trash, or any other trash, I’m not too fond of associating with. Does that mean I’m racist? It just means the poor man’s culture in this country makes me sick.
I’m also not a liberal. I don’t pick sides. I agree with both sides on certain issues.
painhrtz – whatever says:
July 31, 2014 at 4:25 pm
Wow Michael letting that racism mask slip again. You are a good liberal
gator (32)-
Has the status of the home within the BK been determined?
anon (92)-
You hit a new low with the Alexi Lalas tweet. He is a high-functioning moron.
Yea, well that’s where the improvement in the technology comes from. Obviously, this is why solar sucks right now. With research and development will come more efficient solar technology. We are only in the infancy of this energy source. Remember, follow the source for almost all energy on this planet and it comes from one source, the sun. Without it, there would be nothing. It’s inevitable, IMO, that solar will eventually be the go to source of energy.
1987 condo says:
July 31, 2014 at 6:17 pm
It may shine say …November through April….
I support green energy and the quarantine of anon and Michael.
4yWzSx tqvxozpxkuhu, [url=http://rxgevjcwtbdy.com/]rxgevjcwtbdy[/url], [link=http://dcoqggylbfst.com/]dcoqggylbfst[/link], http://vqyqqaorfmal.com/
Since Anon (aka the village idiotweet) brought up the phony issue of global warming, one can’t help but recall last year’s news story about the expedition that went to Antarctica to witness first hand the “devastating affects” of global warming on the melting of that continent. So what happened? Irony of ironies, they became trapped in record levels of ice!
Anon = Serial Repeater
I don’t usually talk about San Francisco, but when I do… | New Jersey Real Estate Report
[url=http://www.g50tr024834gc7uis05m46rk52i3gdyus.org/]uwdhnxzrozg[/url]
wdhnxzrozg http://www.g50tr024834gc7uis05m46rk52i3gdyus.org/
awdhnxzrozg
Bebo 107-Friend’s realtor has given her no info. She is going to take a field trip to the clerk’s office to see if the mortgage is upside down. All she knows is that the seller has no say in whether or not the offer is accepted. It has to be approved by the BK trustee.
JDUkNv tcczyhwnhmin, [url=http://jezonaqbrewh.com/]jezonaqbrewh[/url], [link=http://xsspmoqpemgt.com/]xsspmoqpemgt[/link], http://gwaexufkjmep.com/
#108 Clot
You hit a new low with the Alexi Lalas tweet. He is a high-functioning moron.
From a high functioning drunk, are you still huffing Everclear?
Just stopped in to post this gem.
http://online.wsj.com/articles/when-staples-offered-items-for-a-penny-state-workers-ordered-kleenex-by-the-pound-1406169004
One of my goals in life is to extract as much as possible from a Staples sale. My mission is to screw Mitt on every sale they post. Can I use the 30 17c one subject notebooks I bought today, well no, but my sister in law works in an inner city school who can use them so the $20 I spent on the super sale items there is my good deed for the week.
I saw the posts in here on Gaza, in the past few days and some people here are way off mark.
Here are a two articles people should read. Ignore the sources and focus on what they are communicating. Remember there is two sides to every argument and until you understand, where the other side is coming from you will never get a full understanding of the whole issue. I’m not picking sides her I’m just complaining that in Fox News terms, reporting on this conflict is far from “Fair and Balanced”
http://www.thenation.com/article/180783/five-israeli-talking-points-gaza-debunked#
http://www.salon.com/2014/07/28/debunking_the_myths_about_gaza_the_truth_behind_israeli_and_palestinian_talking_points/?upw
My view on Gaza is “Israel, you broke it, you bought it! now you have to fix it”
And before people her start launching off on me ( Yes I am looking at you Chi), I have a different perspective on this than most. I grew up in a warzone I spent years passing through security check points. My trip to high school involved my school bag searched and a pat down twice a day as I had to change bus in the center of town.
grim – you almost cracked it without noticing.
Live in the (right) city and the equation changes:
More expensive housing, smaller housing, higher density, MORE services, HIGHER quality services, higher taxes, more expensive food, more expensive energy
More expensive housing, smaller housing, higher density, fewer services, lower quality services, higher taxes, more expensive food, more expensive energy
So Gary,
We give you the perfect house at a good price and its too much house for you. You get the pocket listing and now the taxes are too much. Clot was right there are those that just wont buy.
Why $15K taxes? http://www.neighborhoodscout.com/nj/crime/
You will be forever known as a Looky-Look. Do those feet hurt from kicking tires?
And someone looking for Billionaire pet causes!
“http://dianeravitch.net/2014/05/12/gene-glass-the-strangest-academic-department-in-the-world/”
I have been enjoying my hiatus from here, but I thought I would share this. As I do live in “Republican Hell” AKA Northern Bergen County, I do have to interact with the locals from time to time.
On a recent camping trip with the scouts I met a guy who described himself as ” working in energy commodities on Wall St. I know him and he does make coin.
Anyhow he starts off on Fracking. Note I say nothing in these situations, it is better for me if these people just blow off on their own. But one guy in the group pops up with this gem:
“You know, you remind me of that guy from the movies. That movie “Thank you for smoking” You need to join his “Merchants of Death” group. That’s you, sell me sh1t that will kill me with a smile on your face”
Best put down I have heard in a long time. They are still friends, but the topic is now off limits.
[118] Fabian
You do realize that Mitt and Bain sold Staples years ago, right?
Oh and welcome back. anon has been carrying the load and that can’t be easy.
Can’t be easy on the readers…that’s for sure.
qtbm8I yoztattygkfo, [url=http://iaflgpffzprl.com/]iaflgpffzprl[/url], [link=http://ylpvkjdvnrbz.com/]ylpvkjdvnrbz[/link], http://ayroglxtvjop.com/