From NJ.com:
See how N.J.’s population is undergoing a seismic shift
New Jersey’s population has started to contract back toward its urban core for the first time since the end of the second World War, new research shows, in what could mark a death knell for suburban sprawl and foretell significant changes to the fabric of the Garden State.
A new study published by the Bloustein School of Planning and Public Policy at Rutgers University reveals that between 2010 and 2013, population in 12 of the 27 counties that constitute the New York metropolitan area experienced population losses following more than a half-century of gains.
In New Jersey, Sussex, Warren, Hunterdon and Monmouth Counties all suffered losses during this period.
These counties all have one thing in common – they all exist on the far periphery of the metropolitan area – which researchers say is a signal that after decades of outward expansion, people are gravitating back toward cities.
“The era of moving ever outward is probably now in the past,” said James Hughes, dean of the Bloustein School, and a co-author of the study. “You always have to be cautious about forecasting, but it would appear we may be at the beginning of a major change, the crest of a wave.”
During the same period, New Jersey’s urban counties have been growing at a far faster rate, a pattern mimicked in New York City and the counties of New York state and Connecticut that border it.
It marks a reversal of how population grew in the region from 1950 through 2000, when urban counties suffered dramatic losses and New Jersey’s suburban communities experienced a period of unparalleled growth.
…
Hudson County, for example, has grown by nearly 25,000 people since 2010 after losing more than 90,000 from its population from 1950 to 1980. By contrast, Sussex County lost more than 3,200 people in recent years after posting gains of more than 80,000 from 1950 to 1980.“It’s a potential threshold change,” said Joseph Seneca, a co-author of the study and professor at the Bloustein School. “And it carries a great deal of implications.”
Seneca said the shifts are being driven by lifestyle changes within America’s younger generations, who are rising to dominate the workforce as Baby Boomers continue to age toward retirement.
Should the trend continue, it could have major impacts on the state’s economy, infrastructure and real estate markets, he said.
…
“The suburbs weren’t heavily congested from 1950 to 1980. It was still a new fresh frontier and the suburbs all looked fresh and clean,” Hughes said. “Now a lot of suburbs are over-congested and over-developed. It’s not that magic environment of old.”
Frist?
After growing up on S.I. and watching how suburbs could get over developed, I went to NJ and specifically looked to towns that were suburban but also essentially built out already. Figured that I would not be surprised about congestion. After 20 years in same town I think that aspect has worked out ok.
I don’t know how politically incorrect Mumbai Madness is, but it might just be my favorite Mickey Mouse episode of all time.
Cartoons are now racist. What a stup1d country we’ve become. Our best days are truly behind us.
Fast Eddie says:
October 3, 2014 at 7:46 am
Cartoons are now racist. What a stup1d country we’ve become. Our best days are truly behind us.
Lack of empathy. Check
We still have South Park. There is hope for us politically incorrect folks : )
Privatization of public schools successfully results in a minimum (that is what’s been found so far) $30 million in waste and fraud in Pennsylvania alone. All hail our corporate masters!
http://articles.philly.com/2014-10-02/news/54522611_1_charter-schools-charter-organizations-planet-abacus
All Hype says:
October 3, 2014 at 8:02 am
We still have South Park. There is hope for us politically incorrect folks : )
South Park slaughtered the racist Washington Redskins morons last week. This is truly the end of days….for privileged white folk.
can we have more math quiz? it!s so much fun!
I wouldn’t call it racist, they did the whole thing in Hindi, and pretty heavy in religious references.
Ottoman,
My family took profits from their small company and sponsored thanksgiving and Christmas meals and events at our place of business for two decades for inner city kids. It came out of their pocket. Any questions?
This is truly the end of days….for privileged white folk.
Not so fast my friend. The status quo (white people) is currently devaluating the currency as fast as possible with the implicit approval from the african american president to steal the last bit of wealth from the good citizens of the USA. The Washington Redskins/Tom and Jerry racist issues is nothing more than a side show aimed at keeping the sheep distracted. You have fallen for the trick hook, line and sinker.
“The US dollar continued its rally on Wednesday, hovering near a four-year high against major currencies.
In early trading, it rose over 110 yen for the first time in six years and was close to a two-year high against the euro at $1.25.
Analysts say the dollar rally shows no signs of ending as sharp losses mount for other currencies.
“We think the dollar rally has another two years to go at least,” said Chris Turner, global head of strategy at ING.
“It’s come a long way, pretty quickly. I think a 5% advance over the next six months is very achievable,” Mr Turner added, referring to the US dollar index, which measures the dollar against a basket of major currencies.”
@BBCBusiness:
US dollar rally ‘has years to go’ http://t.co/sUPwgFOZee
@BreakingNews:
US employers added 248,000 jobs in September; unemployment rate drops to 5.9%, lowest since July 2008 –
@BLS_gov, @BloombergTV
[7] ottoman
Philadelphia can do that all by itself. In one year.
#102 Eddie Ray (Previous thread)
As usual nothing more than Ad Hominem and personal attacks.
I’m sure your profession never needed protected anyway. Just one small example of the overall.
http://ir.lawnet.fordham.edu/cgi/viewcontent.cgi?article=3877&context=flr
[14] anon,
And that entire increase is attributable to the stimulative effects of Obamacare and gay marriage!
You never invited me cheapskate
Fast Eddie says:
October 3, 2014 at 8:21 am
Ottoman,
My family took profits from their small company and sponsored thanksgiving and Christmas meals and events at our place of business for two decades for inner city kids. It came out of their pocket. Any questions?
@pourmecoffee:
Lowest unemployment rate since July 2008 means four more Benghazi committees and a minimum of three Obamacare repeal votes.
[16] fabian,
Of course. It’s easier and I don’t much feel like using bandwidth and calories to refute what everyone with eight functioning brain cells can easily see as a poor attempt at framing the argument with garbage logic.
You and I couldn’t agree on the time if we were looking at the same clock. Still, I don’t sweat that because I have a lot of experience in arguing with folks like you and when it counts, I know what the outcome will be. To illustrate, the two sayings I use often when arguing with folks whose idea of logic comes from an internet meme is:
First, I don’t have to convince you, I have to convince the judge.
Second, I argued against people like you and sh1t like this all the time in courts and before regulators. I always won. Always.
I can’t believe I continue to waste oxygen on your garbage. I must be bored.
See, you tree-humping lefties really don’t have the b.alls to put your money where your mouth is. You talk a lot. You’ll preach compassion to wash your hands of guilt, as long as it comes at the expense of someone else’s time and money.
http://www.usatoday.com/story/money/business/2014/10/02/bernanke-refinance-mortgage/16605865/
Former Federal Reserve chairman Ben Bernanke oversaw the mortgage market until early this year, but even he couldn’t refinance his home loan.
At a conference in Chicago on Thursday, Bernanke told moderator Mark Zandi of Moody’s Analytics, “I recently tried to refinance my mortgage and I was unsuccessful in doing so,” according to Bloomberg News.
The audience chuckled, prompting Bernanke to say: “I’m not making that up.”
[22] fka
This points to the conundrum that continues to vex the left side of the aisle. It did before 2008 and it always will.
What, nobody poo pooing the jobs report this morning? Beyond strong.
+248k jobs
Unemployment down to 5.9%
August revised +38k
July revised +31k
Solid, solid, solid.
[24] grim,
You were expecting different? In October? In an election year?
The administration had already said it was important that this number come in strong. And it has.
Back to real estate:
A commercial real estate guy I know was telling me about the AstraZeneca offices in Wilmington that Chase bought earlier this year. That isn’t news. But Chase refused to say what their plans were.
This guy says that Chase plans to move 5,000 jobs from the NYC area. Not sure how true that is, especially since the AZ buildings supposedly will house 2,000 and Chase is supposedly outgrowing their space in the area, but he was quite specific on that point.
Comrade [23]
Everyone has their own warped views. You think a well known person has great credit but that not always the case. Not sure about his case but I imagine its either a LTV issue and/or credit. Ask anyone about who they think is a sub-prime borrower is. They would immediately think someone in the hood but not Trump, celebrities, their neighbor.
Comrade [26]
I’ve heard Chase is moving away from Wilmington and also setting up shop in Houston. All the major IBs are moving their near shore facilities to low cost areas. I heard an interesting story that my company was considering Alabama but decided on another southern state.
[28] fka,
I don’t know what Chase’s job plans are, and since this guy doesn’t work for Chase, he is probably only marginally better informed than we are.
That said, Chase did buy 357K square feet in Wilmington this year.
Completely false. Everything you say should be discredited because you are an as$hole. I don’t care the validity of your arguments.
Fabius Maximus says:
October 3, 2014 at 8:39 am
#102 Eddie Ray (Previous thread)
As usual nothing more than Ad Hominem and personal attacks.
What, nobody poo pooing the jobs report this morning? Beyond strong.
Bring it on. Jobs = spending = dividend growth.
But it also means no more discussion on UE benefits and the FED cutting the cord. No more handouts; it’s time to put big boy pants on and get a job.
Grim (24):
I will poo poo the unemployment rate. Look no further than the participation rate and the number of people not in the labor force:
http://www.zerohedge.com/news/2014-10-03/labor-participation-rate-drops-36-year-low-record-926-million-americans-not-labor-fo
As soon as I find the part time versus full time jobs created and the age range of the new jobs created I will poo poo the jobs number too.
Tyler is all over it
http://www.zerohedge.com/news/2014-10-03/labor-participation-rate-drops-36-year-low-record-926-million-americans-not-labor-fo
More americans dropped out than got jobs. Yeah, I can see how that is an Obama win.
Get to work, sheep!! Poo poo to you.
http://www.zerohedge.com/news/2014-10-03/4-5-top-job-additions-september-were-low-or-minimum-wage
[30] chifi
“I don’t care the validity of your arguments.”
Actually, I do care. But his last one was so patently delerious, it sounded as if it came from the deepest bowels of conspiracy theories floated on the internet. And he defends it by snarking on about ad hominem. Fire fighting fire?
I try not to get sucked in. You should try too. It debases us when we argue with such foolishness.
[34] all hype
The Team Obama cheerleaders are already trying to deflect the participation rate numbers by screaming “retirements”.
It’s an old tune but as this deeper dive into last year’s numbers shows, that dog just won’t hunt.
http://www.economicpopulist.org/content/record-low-labor-participation-rate-not-due-retirement-or-school-5431
Go to the 10th chart titled “Labor Participation Rate Change From October 2013 not seasonally adjusted.” Just destroys the cheerleaders (I know, cue for JJ).
Nom [36],
The muppets can’t comprehend it, don’t even try. Push button, get pellet, vote dem0crat.
CDC says stopping flights from Africa will only make the pandemic worse. This is your government people. I hope Putin saves us from these -ssholes.
Unemployed for 26+ weeks continues to fall.
Part-time for economic reasons (U6) continues to fall.
Participation rate for boomers continues to fall, expected.
Younger generations staying in school longer, college, graduate degrees, is driving lower participation rates among those demographics.
No the economy is not going gangbusters and participation is still lower than it should be, but don’t try to pinpoint one reason for the participation rate, because there isn’t one reason.
#39..when gas prices rise, it is a conspiracy, when they fall, another conspiracy. QE to infinity, woops until that stops, still awaiting the rioting in Sept 2013. Listen, we can not even lock the front door of the White House, I doubt anybody here really can plan out any coordinated action…they only one who appears able to that is Putin!
“The era of moving ever outward is probably now in the past,” said James Hughes, dean of the Bloustein School, and a co-author of the study.
Any questions?
@BreakingNews:
Sweden says it will recognize a Palestinian state, becoming 1st long-term EU member country to do so – @BBCBreaking
IF that was an improvement, that still wouldn’t be good enough for you.
IF charters or similar could provide better education at a lower cost, that still wouldn’t be good enough for you because someone made a profit (now, I should mention PLENTY of people make a profit in the current system).
Lastly, I feel the need to repeat the question of why don’t you understand the difference between outsourcing and privatization?
Ottoman says:
October 3, 2014 at 8:02 am
Privatization of public schools successfully results in a minimum (that is what’s been found so far) $30 million in waste and fraud in Pennsylvania alone. All hail our corporate masters!
http://articles.philly.com/2014-10-02/news/54522611_1_charter-schools-charter-organizations-planet-abacus
Baby boomers here are leaving Jersey in droves….for 185 days a year. Put the shore house in a qualified personal residence trust and set up residency in Florida or some other low tax state.
Mutually exclusive
Fabius Maximus says:
October 2, 2014 at 6:58 pm
“Biggest accomplishment was actually getting blocked from doing anything.”
“His job was always give the country space to recover on its own, which it has.”
Younger generations staying in school longer, college, graduate degrees, is driving lower participation rates among those demographics.
More time in school = more debt
more debt= more money for your creditors
more money for your creditors =more wealth for you
This service announcement brought to you by the Liberals and Progressives for a better America.
@DLeonhardt:
The unemployment rate for college graduates fell to 2.9% last month. Education: still not overrated.
Here’s the age range for jobs report. Read and weep you button pushing liberal dingdongs:
http://www.zerohedge.com/news/2014-10-03/hiring-grandparents-only-230k-september-were-added-55-69-age-group-10k-lost-prime-25
Grandma has a message for the iPhone generation: You are a bunch of lazy f@cks!
Exactly! You can never tell me an education is a waste. That is nonsense.
anon (the good one) says:
October 3, 2014 at 11:01 am
@DLeonhardt:
The unemployment rate for college graduates fell to 2.9% last month. Education: still not overrated.
That technique only works till April 2015. FEMA/NFIP is doing huge jumps in flood insurance on Pre-FIRM subsidized secondary homes at beach flood insurance. Better to dump the shore house, use VRBO or buy a Condo or post firm house.
I may do that, my little condo I have a winter tenant every year. Seems it could be a long term thing. They rent from September till June every year. Easily could buy a little house or condo in a no tax state and just come up here in July and August. Several people in my building are snow birds who have no winter tenants. One lady who is Jewish always goes down South week after Thanksgiving and comes back the week before Passover. She does not rent in winter as it is too short a period. If Jewish no need to be here for xmas and your kids will come to Florida for xmas new years school break
FEMA asked for my 2011 tax returns and stuff when Sandy hit.
NJCoast says:
October 3, 2014 at 10:52 am
Baby boomers here are leaving Jersey in droves….for 185 days a year. Put the shore house in a qualified personal residence trust and set up residency in Florida or some other low tax state.
That’s because every minimum wage job employer can now pick from the gamut that runs from HS dropout to college grad. Price being the same, which candidate would you choose?
The unemployment rate for college graduates fell to 2.9% last month. Education: still not overrated.
Since the start of the depression in December 2007: 5.5 million jobs “gained” in the 55-69 age group. What about the core, 25-54 demographic? Negative 2.04 million.
Telling.
The other big bummer is hourly wages, which have barely risen since 2007 when factoring in inflation. And that’s just for people with jobs. If you included people who used to have jobs but no longer do, the earnings number would be negative, which is why median household income is still far below where it was in 2007. That means people with jobs are barely staying even with inflation, on average, while the ranks of the economically distressed have swollen significantly.
http://finance.yahoo.com/news/here-s-why-the-job-market-still-stinks-174117942.html
This report smells like someone demanded a “5 handle” on the headline unemployment rate prior to an important election. Kind of like how the unemployment rate got accelerated pre – O’s re-election.
I don’t dispute that employment has improved over time. But there is plenty of wiggle room in these calculations, and most federal bureaucrats know what team they want to play for.
Real reason salaries are low cause folks like low paying jobs as they are easy.
Fast Eddie says:
October 3, 2014 at 11:55 am
The other big bummer is hourly wages, which have barely risen since 2007 when factoring in inflation. And that’s just for people with jobs. If you included people who used to have jobs but no longer do, the earnings number would be negative, which is why median household income is still far below where it was in 2007. That means people with jobs are barely staying even with inflation, on average, while the ranks of the economically distressed have swollen significantly.
[48] all hype,
That sort of statistic reminds me of what happens in law firms when the economy sags and billing drops. The partners will handle work that they would normally delegate to associates. Consequently, their hours stay up (as does the firm’s billing) and the associates’ billable hours drop.
Later, the partners can axe the associates on the grounds that there just isn’t enough work.
Apparently, the boomers haven’t gotten the memo about how they are supposed to retire early so that millennials can take their jobs. Rather, they read it and then threw it in the trash with an “as if.”
Coworker just wacked with a 2k property tax increase out of the blue. He is moving to PA now so he says.
[49] Michael
“Exactly! You can never tell me an education is a waste. That is nonsense.”
Tell that to the girl with the anthropology degree and minor in Womyn’s Studies, who is going to froth the milk for my latte.
[58] redux
Better yet, tell it to her parents who cosigned 120K in student loans. I’m sure they will feel better after you justify it to them.
And on that cheery note, I am back into the salt mines.
Is this not where you blame Companies? They complain about not finding the right people but will not increase salary to steal the right people from other companies. Their answer is open immigration to cheap labor. This is all happening when profit has tripled from the last great recession. This is what you have been advocating.Let us thank the rich people for our jobs that don’t pay a living wage
Fast Eddie says:
October 3, 2014 at 11:55 am
The other big bummer is hourly wages, which have barely risen since 2007 when factoring in inflation. And that’s just for people with jobs. If you included people who used to have jobs but no longer do, the earnings number would be negative, which is why median household income is still far below where it was in 2007. That means people with jobs are barely staying even with inflation, on average, while the ranks of the economically distressed have swollen significantly.
This was posted here. The rich is out to get the middle class in line with the 3rd world
http://nypost.com/2014/09/28/inside-the-plot-against-the-middle-class/
This is what you have been advocating. Let us thank the rich people for our jobs that don’t pay a living wage.
Invest in those companies that are manufacturing money and set to automatic reinvest. It doesn’t happen overnight. You must do it consistently over the course of years. Allow yourself the opportunity for your money to make money. Anyone can do it but very few choose to do it. Any other questions?
Juice,
Coworker just wacked with a 2k property tax increase out of the blue. He is moving to PA now so he says.
Unicorns have told me that’s not possible.
Don’t tell me, I have money to invest.Tell that to a millenial or a 50 year old, someone that have $120,000 in student loans and their job is being offered to someone outside the country. They have no money to invest and they have to thank the rich for offering jobs that dont pay a living wage
“Invest in those companies that are manufacturing money and set to automatic reinvest. It doesn’t happen overnight. You must do it consistently over the course of years. Allow yourself the opportunity for your money to make money. Anyone can do it but very few choose to do it. Any other questions?”
So you’ll be back in 5min?
Comrade Nom Deplume, a.k.a. Captain Justice says:
October 3, 2014 at 12:14pm
I am back into the salt mines.
I actually dont pay property taxes, that is for the little people. I sweet talk the ladies down in the assessor office. While they are looking at my buldge I get them to knock off thousands each yeasr
Fast Eddie says:
October 3, 2014 at 12:50 pm
Juice,
Coworker just wacked with a 2k property tax increase out of the blue. He is moving to PA now so he says.
Unicorns have told me that’s not possible.
In my experience the local businesses and small business are the ones paying lower wages, lower benefits or off the books, the large F1000 are the ones that have highest pay and best benefits. I have moved from $200 million business to a $1 Billion, to a $5 billion and now at a $10 billion company and each jump was better pay and better benefits (and more bureaucracy unfortunately)
They have no money to invest and they have to thank the rich for offering jobs that dont pay a living wage.
Like I said, my friend, it takes years of sacrificing before reaching the surface. The day after our wedding, our net worth was $2800. I don’t think anyone handed us a silver spoon. If they did, I must have missed it.
Any and all BLS stats on UE should be considered falsified.
gary (52)-
Want fries with that?
“Since the start of the depression in December 2007: 5.5 million jobs “gained” in the 55-69 age group. What about the core, 25-54 demographic? Negative 2.04 million.”
plume (58)-
Are you talking about a fluffer, or a barista?
“Tell that to the girl with the anthropology degree and minor in Womyn’s Studies, who is going to froth the milk for my latte.”
John Williams alternative data set on UE and other things.
http://www.shadowstats.com/alternate_data/unemployment-charts
Are you talking about a fluffer, or a barista?
Hmmm, I’m wondering now if the fluffer-nutter sandwich name was a 1960’s Madison Avenue inside joke?
https://www.youtube.com/watch?v=O6gljDcLrvQ
Oh you need fluff, fluff, fluff To make a fluffernutter,
Marshmallow fluff And lots of peanut butter.
First you spread, spread, spread Your bread with peanut butter And marshmallow fluff And have a fluffernutter.
When you enjoy, enjoy, enjoy Your fluff and peanut butter You’re glad you have enough for aaaanooooother fluuuuffernutter.
Well, we just got word of $5,000 referral bonus for workers at my place….
Sales reps, Solutions Architect, sales support positions
Do you have a bonus for bullshite artist?
67 – 1987,
My immediate family member switched jobs recently from a mom and pop firm to a international firm.
Got a 20% pay raise for the move. By the companies own compa-ratio they are still 22% under market value too. They are wishing they asked for more because the company didn’t even counter their original ask.
Comments on the Seismic shift article are similar to what we have been saying here for a while.
#76..I did say sales!
Crossing party lines can be profitable…
“The position was classified as “non-competitive,” which does not require applicants to take a test.”
http://www.nj.com/politics/index.ssf/2014/10/joe_divincenzos_son_lands_92k_job_on_nj_payroll.html#incart_m-rpt-1
lol
http://finance.yahoo.com/video/even-ben-bernanke-cant-loan-105400792.html
81,
Son of politician swaps one government-connections based job for another, based on back room deals.
Pretty disgusting. But they like to call it “a life of public service”.
Which is why the American people need to fundamentally rethink why they delegate the running of crucial industries to bureaucrats destined to squander resources and mismanage services. The government can barely manage to run core competencies like police, military, judiciary. They scratch each others’ backs while leaving the chumps funding it with crap goods and services. Heaven help the little kids subjected to this guy’s new innovations in education.
@KochSisters: That’s why we started the Koch Sister movement. It’s time someone stood up 2 the Koch Brothers 2 say $ doesn’t have a monopoly on the truth
rags (83)-
My youngest has 1/5 years to go in HS. No more kids of mine will get subjected to the idiocy of NJ’s edumacation/indoctrination machine. Daughter is in senior year of college and has successfully overcome the disadvantage of being subjected to the state’s sheeple machine.
After graduation, it’s buh-bye, NJ for all of us.
“Heaven help the little kids subjected to this guy’s new innovations in education.”
really funny how everybody proudly advertises their departure from NJ while staying firmly put
yeah, NJ ain’t good enough so moving to Alabama
whatever
TTN Trenton/Mercer is my new airport. Scored flights for $225 round trip for my Christmas trip.
Big FU to Newark Airport $443 to leave from Newark and for what?
@counternotions:
“Felt my iPhone 6 bend in my pocket. Then I realized it was a pop tart and I don’t have an iPhone 6”
Free states are boring. I’m not moving. It’s more fun to custom build an AR 15 without a serial number in a state where the shit for brains Democratic legislators from Bergen, Essex, and Hudson county are falling over themselves to ban them.
You’ll be back.
The Irony of Liberian Ebola says:
October 3, 2014 at 5:54 pm
rags (83)-
My youngest has 1/5 years to go in HS. No more kids of mine will get subjected to the idiocy of NJ’s edumacation/indoctrination machine. Daughter is in senior year of college and has successfully overcome the disadvantage of being subjected to the state’s sheeple machine.
After graduation, it’s buh-bye, NJ for all of us.
“Heaven help the little kids subjected to this guy’s new innovations in education.”
Re: #90 – you do realize you are respond to a redneck from the south right?
Grim if you are still out there. I would like to purchase some shine. WHERE?
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