$34 million in lost first time homebuyer credits for NJ

From the Record:

Tax-credit deadline looms for prospective homebuyers

Luis Ponce of Union City is closing on a Westwood home Wednesday — he hopes.

If the closing is delayed, Ponce and his wife won’t qualify for a federal tax credit of $8,000, which they plan to spend on repairs, paint and a washer and dryer for the house.

“If we don’t get the money, that’s going to be a big setback for us,” said Ponce, an information technology specialist.

With the tax credit expiring Wednesday, it’s crunch time for buyers, real estate agents, lawyers and lenders. While the National Association of Realtors has pushed for an extension, as of Monday, Congress had not acted to extend the deadline. The credit is available to buyers who signed a contract by April 30, as long as they close by June 30.

“Time is running out,” said Paul Marino, a Hackensack real estate lawyer.

Ponce’s agent, Tony Sanchez of Weichert in Clifton, is working on six deals he hopes will close by Wednesday. Two of them, he said, probably won’t make the deadline. In one case, there are problems with the property’s title; in the other, the lender requires repairs that may not be done in time.

But Sanchez was optimistic about the Ponces’ purchase, which involves a bank-owned property that needed repairs before the town will issue a certificate of occupancy.

Short sales, in which the lender accepts less than is owed on the mortgage, typically are more complicated and time-consuming than regular sales. As a result, some buyers in these deals won’t be able to meet the deadline.

“Short sales take forever,” said real estate lawyer Patricia Kieck of Hackensack. Two of her clients who had hoped to close by Wednesday won’t make it. One case, she said, is a short sale where a second mortgage and judgments have clouded the title.

“Sixty days from contract to closing: sometimes that’s a tight squeeze unless everything is smooth and there are no issues,” Kieck said.

The NAR estimates there are 4,300 buyers in New Jersey and 180,000 nationwide who are in the process of buying a house and are eligible for the tax credit but will not be able to meet the June 30 deadline.

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181 Responses to $34 million in lost first time homebuyer credits for NJ

  1. jp says:

    Another credit will be back sooner than we’ll know.

  2. grim says:

    From the Daily Record:

    Senate OKs $29.4B NJ budget by 21-19 vote

    State lawmakers chugged toward passage of the state’s $28.4 billion budget on Monday, an effort that would give Gov. Chris Christie an important victory but impose painful across-the-board cuts.

    It will close an $11 billion projected deficit, largely through cuts and a skipped $3 billion contribution to the languishing state pension system. It is well below last year’s $28.9 billion spending plan and the high of $33.5 billion passed in 2007.

    State residents have come to terms with the harsh fiscal realities but still have much angst over their property taxes, and they will hold Christie responsible if they rise, said Patrick Murray, director of the Monmouth University Polling Institute.

    “People are not happy with the cuts. They are willing to accept them if, down the road, it leads to property tax relief,” Murray said. “There are a lot of things in this budget that will help and hurt (Christie). The question is: What will he do next?”

  3. grim says:

    From the Star Ledger:

    Jersey-to-Manhattan tunnel project breaking ground, and barriers

    Construction of the ARC Trans-Hudson Express Tunnel will accelerate this summer as contractors begin the project’s first major underground segment through the Palisades in Hudson County.

    The gathering pace of construction — workers already have been busy building an underpass for new tracks nearby — is another milestone for the $8.7 billion initiative that will double commuter rail capacity and improve ride quality for thousands between New Jersey and New York. It also provides an appropriate point to consider how far the ARC project has come.

    The digging that begins in earnest this summer is the result of years of rigorous planning, robust public outreach and careful environmental reviews. Construction will continue to ramp up in the months ahead. Work is about to begin on a tunnel under the Palisades. By next year, tunnel segments beneath Manhattan and the Hudson River also will be underway.

    That process has created a project that will not only meet the needs of New Jersey’s rail riders for decades and strengthen the state and regional economy, but will surmount the engineering, environmental and other hurdles that made other ideas to increase trans-Hudson capacity unbuildable.

    ARC’s route beneath Manhattan to a new, modern station under 34th Street meets future ridership demand and provides one-seat rides to and from Manhattan for the greatest number of New Jerseyans. Pedestrian connections between the new station, existing Penn Station and numbers of subway lines ensure customer convenience and travel flexibility.

  4. Mr Hyde says:

    “There is no means of avoiding the final collapse of a boom brought about by credit (debt) expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit (debt) expansion, or later as a final and total catastrophe of the currency system involved.” – Ludwig von Mises

  5. Final Doom says:

    Gluteus Maximus, I’ll take Spain today for that beer.

    Chrissy Ronaldo will do nothing, and Spain will pass them to death.

  6. Final Doom says:

    “Americans love great stories. In fact, they are downright infatuated with them. This shouldn’t come as a
    surprise to anyone since the art of storytelling has been embedded into the DNA of this country from day
    one of the American Revolution when our Founding Fathers decided that being governed without
    representation was no longer tolerable. Over the last 235 years, this country has had the blessing of
    being able to add to its repository of remarkable stories with the influx of immigrants from around the
    world that brought along with them their knowledge and cultures to this melting pot, creating an eclectic
    amalgamation that adopted the best attributes of each culture, while slowly discarding anything
    superfluous. In flowed new ideas, technological breakthroughs and resilience and out went ignorance,
    racism and lack of respect for the fellow man. The stories that we wrote in this country were so inspiring,
    that we even exported them to the rest of the world with the advent of Hollywood, but now it looks like a
    different type of story is being written. It has become a horror film that has us on a journey toward a
    metaphorical, abject town named Epic Fail.”


  7. Essex says:

    Chris Christie on Morning Joe.

  8. sas3 says:

    Found interesting information about starlings:


    For the uninitiated, 60 starlings released in Central Park in 1890 became 200 million, and they are considered pests!

    About the starling I found, it has joined its extended family and is hopping around.

  9. Simply Ravishing HEHEHE says:

    Starlings are f’g mean nasty birds. I walk my dog near where these pair nest in Hoboken and they damn near poked us in both in the head. Mean nasty birds.

  10. Simply Ravishing HEHEHE says:

    BTW I gues I’m Frist!!!!

  11. Yikes says:

    think Spain-Portugal will be a good one won by Spain. perhaps 2-1.

    i like Netherlands a lot, but am not sure it can be brazil.

    i’d say the real sleeper is Uruguay, for obvious reasons. Ghana isn’t very good.

    great world cup so far. best sporting event on earth, by far

  12. Comrade Nom Deplume aux maison says:

    [136][prior thread] grim

    “But did the commies reno?”

    Didn’t have to. Now that the house had bona fide commies in it, it will go for a premium price in the People’s Republic of Montklair!!!

  13. Comrade Nom Deplume aux maison says:

    [10] HEHEHE

    and simply ravishing too!

  14. Simply Ravishing HEHEHE says:
  15. Comrade Nom Deplume aux maison says:

    Tax Tip of the Day:

    If you have a health care FSA at work and you think the axe will fall, run up as many FSA expenses as you can.

    Refill your scrips, buy up a closetful of OTCs, go to the dentist, the doctor, the chiro, whoever, and get that new pair of eyeglasses.

    If you don’t belong to a gym, get a doc. to prescribe it for weight loss and join one, then prepay some of the dues.

    Don’t worry if you go over your FSA balance. In fact, you want to. By law, they have to pay out to the maximum amount you designated for the year, even if it is more than you paid in when you are axed. That’s called “experience loss” and it is the offset of the “use it or lose it” rule.

    Gotta go shopping before showing up at work (which will be somewhat late).

  16. Final Doom says:

    Whatever happened to showing up at your workplace with an AK-47 and shooting until you run out of ammo?

  17. Final Doom says:

    Santander + BBVA = DOA (what say you, JJ?)

    I smell Spanish bank run.

    I smell European bank run.

    I smell UST/10 <3%.

    I smell the restless horde of vigilantes.

  18. Final Doom says:

    Oh…it goes without saying that the stench of death is ever-present.

    Gotta go answer the door. I think it’s a Jehovah, peddling munis door-to-door.

  19. Libtard says:

    Woke up to a ten year of 2.97!!!

  20. NJGator says:

    Ah unexpected morning detour to Hoboken, thanks to NJT. According to the conductor, their new slogan is ‘Guaranteed to get you somewhere sometime today.’

  21. Libtard says:

    Case-Shiller in t-minus 15 minutes. Anyone else smell the blood in the water?

  22. grim says:

    Given that CS measures closed sales, not contracts, I wouldn’t be surprised if it surprised to the upside.

  23. Libtard In the City says:


    Interesting point Grim. So does this mean the sharks will have to retreat until the late August report for June? Dang!

  24. Libtard In the City says:


    10-city, not SA – M/M change 0.7 %
    10-city, Seas. Adj. – M/M change 0.3 %
    10-city, not SA – Yr/Yr change 4.6 %

  25. Libtard In the City says:

    I think Grim was correct.

  26. Fiddy Cents on the Dollar says:

    Didn’t CS have a 2-month lag. And it was a rolling 3-month average ??

    So is this the average of Feb – April ??

  27. Libtard In the City says:

    I don’t know about the rolling average but today’s numbers are for April.

  28. Final Doom says:

    Let the C-S suck in the idiot permabulls.

    They will be handed their heads in due course.

  29. Final Doom says:

    I’m with Reggie Middleton today; time to short STD & BBVA.

    Note: it may take me the rest of the year to win back what I’ve lost on the WC so far.

  30. Yikes says:

    Grim, ever been fishing on LBI? contemplating going out on a boat for a few hrs…fishing can be relaxing.

    any recommendations out there?

  31. meter says:

    Shorting Spanish banks is probably not a bad strategy given that they lack our banks’ (and government’s) flair for “innovation.”

    Austerity there = a “lesser increase” here.

  32. Libtard In the City says:

    Fluke fishing is good right off the rocks at Barnegat Light in the channel. Squid and Spearing are good baits.

    You can catch baby blues surf casting off the beach at daybreak. I recommend inexpensive lures for this as you’re sure to lose a few, especially if you are near the rocks.

    Crabbing the bay is supposed to be awesome this year due to salinity issues from the heavy Spring rains. Drop lines are doing much much better than traps.

    Never went off a boat out of LBI, but further north between Coney Island and Sandy Hook is excellent. There are good wrecks out there to poach. We often went out to a certain famous buoy/marker named something like 7 fathoms or some other nautical term. Unfortunately, my uncle, the former commercial fisherman croaked about a year ago. Too much beer.

  33. Libtard In the City says:

    NEW YORK (AP) — Home prices in April rose for the first time in seven months as government tax incentives helped to bolster the housing market.

    The Standard & Poor’s/Case-Shiller 20-city home price index released Tuesday posted an 0.8 percent gain. It had fallen in each of the past six months.

    Eighteen of 20 cities showed price increases month over month. Only Miami and New York recorded price declines.

    The gains highlight the impact of the federal tax credits for homebuyers. Buyers rushed to purchase before the tax credits expired at the end of April.

    Nationally, prices have risen 3.8 percent from their April 2009 bottom. But they remain 30 percent below their July 2006 peak.

  34. FT Alphaville has a link to an interesting RBS report on the coming ‘Monster QE programs’. Both the traditional Quantitative Easing and Quantitative Monetary Easing. interesting read.

  35. Knifecatcher - Painhrtz says:

    I sometimes fish the back bays with my fly rod, run away once the Green heads get in full swing though. They are by far the nastiest biting flies

  36. Confused in NJ says:

    Experts and Studies: Not Always Trustworthy

    By KAYLA WEBLEY Kayla Webley – Tue Jun 29, 4:00 am ET
    To read the factoids David Freedman rattles off in his book Wrong is terrifying. He begins by writing that about two-thirds of the findings published in the top medical journals are refuted within a few years. It gets worse. As much as 90 percent of physicians’ medical knowledge has been found to be substantially or completely wrong. In fact, there is a one in 12 chance that a doctor’s diagnosis will be so wrong that it causes the patient significant harm. And it’s not just medicine. Economists have found that all studies published in economics journals are likely to be wrong. Professionally prepared tax returns are more likely to contain significant errors than self-prepared returns. Half of all newspaper articles contain at least one factual error. So why then do we blindly follow experts? Freedman has an idea, which he writes about it in his book Wrong: Why Experts Keep Failing Us – and How to Know When Not to Trust Them. Freedman talked to TIME about why we believe experts, how to find good advice and why we should trust him – even though he’s kind of an expert

  37. borat obama says:

    I smell doommm

  38. borat obama says:

    Hii fiveeee

  39. Sas3 says:

    Does anyone here hunt starlings? Based on what I read, it seems that they basically take over most wild birds’ nests.

    Strange, I went to search for what to feed starlings and all the material is on how to control them — some articles more brutal than others.


  40. Libtard In the City says:


    The green flies ain’t so bad if the wind is blowing inland and your fishing from the island side. If conditions are the opposite, forget about it unless you bathe in deet prior to arrival. How people can live in Mantaloking on the water is beyond me.

  41. Anon E. Moose says:

    The apocalyptic overtones made me think of doom, but this has clear Nompound implications.


  42. Sas3 says:

    #41… These are probably the same idiots that bought the same rooms during Y2K. There is no drop in their stupidity and thus no drop in the prices.

    Movie theater at the end of the world, where one needs to fish for food? If there is a really major event, the survivors will be like the birds running out and fetching morsels of food round the clock.


  43. Alap says:

    30 – Yikes:

    I recently went deep sea fishing off LBI. Caught some black sea bass, almost got a baby shark, and some flukes.

    Check out Morrison’s marina, i used them twice and would def. recommend them

  44. hughesrep says:


    Stay away from the huge boats unless you like spending 6 hours getting sunburned while you untangle lines.

    It is in Point Pleasant, but I hooked my father and brother-in-law up with these guys last year. They said they were good guys and had a blast.


  45. Simply Ravishing HEHEHE says:

    Here comes S&P 1040, we bounced back twice here, will third be the charm?

  46. Simply Ravishing HEHEHE says:

    they are mean and evil birds

  47. Libtard says:

    Stimulus gone = withering green shoots

  48. Knifecatcher - Painhrtz says:

    Stu I know someone who sold their house in Mantaloking because of the Green heads.

    SAS3 – I used to sit in the backyard and pick them off with a BB gun, used the carcasses for coyote bait

  49. Libtard says:

    Seeing some 30-year mortgage rates at 4.5% APR. Damn!

  50. Comrade Nom Deplume says:

    [42] sas

    Doesn’t happen often, but I agree with you. Luxury is a luxury ill-afforded if you really are facing armageddon.

    Video wasn’t available. Now, if that was a vacation/retirement home, then whatever luxury you want to import, then fine, its your money. But I can’t help but think that you are correct; hunting and gathering will be a lot more important than entertainment.

    My nompound will have a well-stocked library of actual books, and lots of games and sports don’t require batteries.

  51. Mr Hyde says:


    Why were NH and VT ruled out for nompounds?

  52. Libtard says:


  53. Mr Hyde says:


    Look at argentina. A number of people bought “doomsteads” out in the country side and were promptly raided and cleaned out when TSHTF. People casually buying doom-steads in the “country” are setting themselves up for more problems then they are solving if they dont consider defense needs and the necessity of support by the locals.

    Some city slicker showing up on the occasional weekend and suddenly taking up residence when TSHTF is just begging to be cleaned out.

    I know you have considered these factors, but it seems that many do not.

  54. Mr Hyde says:

    ruh-roh shaggy….

    The ECB failed to auction the €55bn in fixed term deposits it had planned to, and what it did auction (€31.86bn) was at a much-higher rate (0.54 per cent) than what it offered at the start of its Securities Markets Programme (SMP). The market seems to be holding tight to liquidity.


  55. Mr Hyde says:

    Doesnt the ECB have a big chunk it has to rollover later this week? that could be ugly.

  56. Libtard says:

    Kind of like the fools who buy 100 year leased lots in Mexico, build a home and then find out that the land did not belong to the person they bought the lot from and their home and land are then stripped from them with no compensation.

    I know of a fellow who was murdered when he refused to leave his home near Ensenada after the third party claimed the land was theirs and he wouldn’t pay them as he already paid for the land twice. My friend and next door neighbor upped and left a beautiful place.

  57. Final Doom says:

    Hyde (55)-

    Just 550bn or so. Just a thang.

    Note the absence of jj here to comment on his little whore, STD (I think he termed them “golden” a few weeks ago).

    “As the reality of the previously discussed July 1 termination of the ECB’s €442 billion LTRO is starting to dawn on Europe (for an extended observation on why this will likely be a very big deal, read here) the weakest financial markets in Europe are starting to panic. Case in point, Spain, where the FT reports local banks are fighting the ECB tooth and nail so their imperatorial nudity is not exposed for all to see: “Spanish banks have been lobbying the European Central Bank to act to ease the systemic fallout from the expiry of a €442bn ($542bn) funding programme this week, accusing the central bank of “absurd” behaviour in not renewing the scheme.” The sheer terror at the impending reality of the liquidity crunch is captured nowhere better than in the words of this bank official: “Any central bank has to have the obligation to supply liquidity. But this is not the policy of the ECB. We are fighting them every day on this. It’s absurd.” Keep in mind that traditionally cheery and optimistic Erik Nielsen is also very much concerned about the roll off of the LTRO and how it will impact European banks. Hold on to your hats folks: July is going to be fun.”


  58. Final Doom says:

    EUR/JPY heading toward middle Earth.

  59. Confused in NJ says:

    41.Anon E. Moose says:
    June 29, 2010 at 10:02 am
    The apocalyptic overtones made me think of doom, but this has clear Nompound implications.


    It was interesting to note that the Government has been using the same engineers over the last 10 years to build their own hardened survival facilities. Probably because they know they are causing Apocalypse.

  60. stan says:

    JJ is on staycation if I recall, we are without his services for the week

  61. maylook1day says:

    Hyde – 53, you’re right on. My FIL lives in the Caribbean and is in the building industry. My wife and i have been drawn to the more remote picturesque areas for a vacation home. He said that a home ‘out of the way’ will be picked apart screw by screw and that you need people you both know and trust watching the home at all times. Not to mention all the imported drug trafficking related issues that will seek to utilize the more remote areas of the country side on many islands. If TSHTF i’m sure an outsider would be very, very exposed.

  62. Mr Hyde says:


    Being “picked over” usually doesnt end very well for the city slickers if they are at home when it happens…..

  63. Mr Hyde says:


    I love some of the more remote areas of the carribean as well, but wouldnt want to be anywhere near there when TSHTF. when virtually all of your major resources are imported and virtually all of your drinking water is desalinated, things get very ugly very quickly if TSHTF. On top of that there are some very real racial/social tensions throughout the Caribbean.

  64. All "h-Train" Hype says:

    Doom (57):

    The ECB sees the train is about to hit the wall. Tbey are preparing for austerity and Spain still wants a Timmay/Bernake style bailout. Those Spanish CDS spreads are going to go thru the roof next week.

  65. Mr Hyde says:

    I’m SHOCKED!!!! SHOCKED I tell you!!!

    This was no isolated incident. Wachovia, it turns out, had made a habit of helping move money for Mexican drug smugglers. Wells Fargo & Co., which bought Wachovia in 2008, has admitted in court that its unit failed to monitor and report suspected money laundering by narcotics traffickers — including the cash used to buy four planes that shipped a total of 22 tons of cocaine.

    The admission came in an agreement that Charlotte, North Carolina-based Wachovia struck with federal prosecutors in March, and it sheds light on the largely undocumented role of U.S. banks in contributing to the violent drug trade that has convulsed Mexico for the past four years.


    But i’m sure some bankers will go to prison for this right? right?…….

  66. Mr Hyde says:


    I wouldnt put it past the ECB, potentially with the help of Bergabe to print some money and slip it through the back door to cover the rollover

  67. Pat the Mediaeval Princess says:

    Yikes, we just went crabbing and if you head down to the island below the German restaurant on the causeway, you’ll do O.K.

    go past the north section with the pink buoys and around to the southern end(the buoys on the norther end belong to the guys to do the little tours and show kids crabs in traps. Look for a section with lots of sand about fifty feet from island.

  68. Simply Ravishing HEHEHE says:

    “The admission came in an agreement that Charlotte, North Carolina-based Wachovia struck with federal prosecutors in March, and it sheds light on the largely undocumented role of U.S. banks in contributing to the violent drug trade that has convulsed Mexico for the past four years.”

    We’re fighting them over there so we don’t have to fight them over here!!!…Ooooops wrong war.

  69. Pat the Mediaeval Princess says:

    Oh, if you don’t have a boat with you, you can rent a little one for maybe a hundred bucks from noon to five (and they toss in a couple of frozen fish, so you don’t need to raid the freezer).

  70. BeachBum says:

    From yesterday’s thread:

    Fiddy, don’t you think 502 6th is a better deal at 100K less and North End? Also the house you mentioned seems to have the same layout as a wreck that was showing on 6th also – around the 300-400 block, south side of the street, beautiful property but the house a mess owned by some realtors in Spring Lake if my scuttlebutt is accurate. I wonder what happened to that house? They were asking a ridiculous sum for it and it was unrenovated. At least the house you linked looks like it was really well done.

  71. Mr Hyde says:


    it’s not like the US military is protecting poppy fields while paying local warlords protection money. Something like 90% of global heroin comes from afghan poppies. It’s not like we are in a position to eradicate poppy production….

    The Russian generals were right. The only way to control Afghanistan is to commit genocide and wipeout local populations. If your not willing to do that get out while you can.

    I wonder what Citi’s profit margin is on laundering for the afghan opium trade.

  72. Comrade Nom Deplume says:

    [53 hyde

    I have absolutely considered those issues.

    As Hillary said, “it takes a village . . .”

  73. Comrade Nom Deplume says:

    [51] hyde

    NH and VT were not necessarily ruled out, but some of the criteria are taxes and politics. VT is suspect because of its blue status, and NH has relatively high property taxes. Also, both areas will become more overrun by NYC and Boston refugees.

  74. Simply Ravishing HEHEHE says:

    Iraqi oil will pay for the Iraq War like Afghan heroin will pay for the Afghan War?:)

  75. Mr Hyde says:


    if we legalized heroin and had big pharma run it we would put the afghans out of business overnight. Same for pretty much any of the illicit drugs.

    besides its not like the CIA has ever been caught running drugs.

  76. Mr Hyde says:

    So who is playing with some bioweapons directed towards crops?


  77. beanbear says:

    Gator, Stu, et al:

    Any rec’s for a good general contractor. We’re now under contract on a mid-century split-level in MontKlare that’s in great shape, but needs a new kitchen, windows, central a/c, floors refinished, etc.

  78. Knifecatcher - Painhrtz says:

    Hyde modified TMV maybe? depends on which of the plant parts it is attacking.

  79. Mr Hyde says:

    NJ and you, perfect together!

    In March, Patrolman Kevin Parry admitted in federal court that he and four other officers for more than two years arrested suspects with planted drugs, carried out illegal searches and wrote false arrest reports.


  80. Mr Hyde says:


    Rumor has it that russia may have indeed dumped a modified TMV as they have been the primary recipient of that heroin flow and not very happy about it. But who knows, i could be confusing that with something i saw on the scifi channel

  81. Comrade Nom Deplume says:

    Uh, is everyone out on a window ledge right now? Major market meltdowns in Europe and US.

  82. Shae Rawhoof says:

    wow amazing write-ups

  83. Yikes says:

    Alap says:
    June 29, 2010 at 10:15 am

    30 – Yikes:

    I recently went deep sea fishing off LBI. Caught some black sea bass, almost got a baby shark, and some flukes.

    Check out Morrison’s marina, i used them twice and would def. recommend them


  84. Knifecatcher - Painhrtz says:

    Nom in Dr strangelove mode, I have learned to stop worrying and start loving the eventual collapse

  85. Juice Box says:

    re #78 – Heroin growing is legal and regulated in Turkey, in fact US law mandates the US Pharma purchase 80% of their needs from Turkey and India.

    Afghanistan could be added to the list, it would help them grow a viable economy.

  86. I have used http://www.SkipBrokers.com to find all of my no fee apartments in NYC for the past 5 years…No fee apartments….

  87. Simply Ravishing HEHEHE says:

    We’re growing it over there so we don’t have to grow it over here!

  88. Yikes says:

    Mr Hyde says:
    June 29, 2010 at 11:19 am


    I love some of the more remote areas of the carribean as well, but wouldnt want to be anywhere near there when TSHTF. when virtually all of your major resources are imported and virtually all of your drinking water is desalinated, things get very ugly very quickly if TSHTF. On top of that there are some very real racial/social tensions throughout the Caribbean

    just come out and say it – nowhere is safe. you basically need to hunker down and make sure you have at least 20-30 men in your group and you guys have some serious firepower.

    we’ve all seen moves where a dozen guys in 3 vehicles will just go crush an area … and where are you going to find 20-30 people to be in your group who are heavily armed?

    when the SHTF, we’re all toast

  89. Simply Ravishing HEHEHE says:

    “and where are you going to find 20-30 people to be in your group who are heavily armed?”

    I take it you’ve never spent much time in the South

  90. Knifecatcher - Painhrtz says:

    Yikes I have stand off capability thanks to years of hunting. Know how to create a defensible position thanks to studying miltary tactics, know about ten guys of similar skillsets. Plus you don’t want to F with me in forested environment. I would be tapping you on the shoulder before you even knew I was there. That same roving band of marauders, are only really effective as long as their vehicle is still moving. Well placed round through the radiator into the engine will shut them down. Zip two of them before they know where it’s coming from and they are running in the opposite direction.

  91. Libtard says:

    Bean Bear:

    So you bailed on Glen Ridge? Wow! Well the only contractor I ever used was a friend of mine and I wouldn’t recommend him because he sukced. For plumbing use Steve McCormack Plumbing & Heating – 973-744-0411 and for electric we used a fantastic, cheap and neat guy, but I forgot his name. Gator will remember when she reads this. Be careful of paying the Montclair Premium to contractors. Look for guys from Paterson and ask for the Paterson rate. Seriously. Everyone who does work in Montclair thinks their clients are made of gold. Wait till you call a plumber to snake a drain and you get a $200 bill for 15 minutes of service.

    My best advice for you is to get handy. A good place for contractor advice is the Yahoo Group the Montclair Watercooler. Join it and you’ll have access to the files where the recommendations are located. Just be prepared for request like, “Looking for a Lesbian-Friendly electrician.” I sh1t you not.

  92. Libtard says:

    Aargh! My response to BB is in Mod Grim. Please help a brotha out. Also, JJ in in the Hampton’s. Apparently, there was a caddy shortage.

  93. Mr Hyde says:


    you don’t need a militia just a solid local social network. It’s not an FPS video game

  94. Comrade Nom Deplume says:

    [94] stu

    “JJ in in the Hampton’s. Apparently, there was a caddy shortage.”


  95. Barbara says:

    you guys watched a lot of Jericho, didja?

  96. Comrade Nom Deplume says:

    [87] pain

    Jeez, I am still fearing it. That isn’t to say I won’t prepare for it, but I am not in Doom’s camp. He seems to want it.

  97. Knifecatcher - Painhrtz says:

    Nom you have to remember Doom is on the front lines of the collapse, the faster it is over with the faster he knows what the new normal is and could move on.

    Barb – Red Dawn was one of my favorite movies growing up ; ) Wolverines!

  98. Confused in NJ says:

    Sen. Frank Lautenberg will replace Sen. Robert Byrd as chairman of homeland security appropriations.

    I guess two of the criteria for Chairman of Homeland Security is Age & Infirmity. Maybe it’s time to have a mandatory retirement age for Congress.

  99. Anon E. Moose says:

    SR [92];

    “and where are you going to find 20-30 people to be in your group who are heavily armed?”

    I take it you’ve never spent much time in the South

    Precisely. http://www.strangedangers.com/content/item/110683.html

  100. NJGator says:

    Confused 100 – If Frank can use his seniority to bring 1/2 the cash to NJ that Byrd managed to get for West Virginia, it might be worth pulling s Weekend at Bernie’s and electing him even after his death.

  101. Confused in NJ says:

    MEXICO CITY, June 28 (Reuter) – Mexican singer Sergio Vega was murdered while on a national tour at the weekend, just hours after denying reports of his death, local media reported.

    The 40-year-old singer, known as El Shaka, was driving his red Cadillac to a concert in the northern Mexican state of Sinaloa on Saturday when his car was intercepted by unidentified shooters in a truck, reports said.

    His murder came just hours after he told entertainment website La Oreja that online reports of his death were wrong.

    “It’s happened to me for years now, someone tells a radio station or a newspaper I’ve been killed, or suffered an accident,” said Vega.

    “And then I have to call my dear mum, who has heart trouble, to reassure her.”

    Fans posted condolences on Twitter after they learned of the death of the singer, who recently boosted his security following the killing of several Mexican musicians.

    Musicians performing narcocorridos, or songs celebrating the lives of drug barons, have become the targets of rival drug gangs in Mexico with Mexican media reporting several such deaths in recent years.

    I guess Arizona is passing the immigration law to protect their musicians?

  102. Confused in NJ says:

    102.NJGator says:
    June 29, 2010 at 1:50 pm
    Confused 100 – If Frank can use his seniority to bring 1/2 the cash to NJ that Byrd managed to get for West Virginia, it might be worth pulling s Weekend at Bernie’s and electing him even after his death

    Frank is about ready to be freeze dried & placed in a rocker, so maybe so. A lot of dead men walking in Congress.

  103. Mr Hyde says:


    where do you find 20-40 ppl?

    You never saw this pic from Louisiana did you?


    as hehe said, if you live in the south most of your niegbors are armed. It’s not uncommon for a neighborhood to be capable of arming a small militia

  104. meter says:

    Consumer Confidence Index in the terlet for June:


  105. Comrade Nom Deplume says:

    [100] pain

    “Red Dawn was one of my favorite movies growing up ; ) Wolverines!”

    I like that one as well. Pretty dated now though.

    I have a friend who is so conservative, he thought that movie was liberal propaganda, aimed at mocking americans who would defend themselves. That was not my take at all, but since he did not seem to have used the right title, I decided not to make an issue of it.

  106. Comrade Nom Deplume says:

    Market still off. PPT had better suit up. 3:30 is coming.

  107. Comrade Nom Deplume says:

    [93] knifecatcher

    We should definitely discuss nompounding at the next GTG.

  108. Simply Ravishing HEHEHE says:

    Broke 1040, will it stay below????

  109. Final Doom says:

    confused (101)-

    Read this four or five times in a row, and tell me that you don’t want every single one of these dunces dead (except for Feingold, who still has a quaint sense of right and wrong).

    “Sen. Frank Lautenberg will replace Sen. Robert Byrd as chairman of homeland security appropriations.”

  110. Final Doom says:

    Die, market, die!!!!!!!

    Bring on oblivion. The faster things can go to hell, the faster we can get on with rebuilding something better. I’m ready to shoot some people.

    Something that is not a complete fraud. Something that is not an affront to humanity.

  111. Final Doom says:

    When we see Bergabe getting the Mussolini treatment, I’ll know we’re getting somewhere.


  112. Final Doom says:

    Second half of Default Cup (Spain v. Portugal) starting.

  113. Juice Box says:

    Exactly HOW does a stock that has an average volume of 800 million shares traded daily flash crash?


  114. Comrade Nom Deplume says:

    I think the next GTG should be somewhere where we have to pass through metal detectors, especially if they serve Knob Creek.

  115. Knifecatcher - Painhrtz says:

    Nom no problem if I could get a free minute, with the new house, and the honey do list which seems to be expanding by the day. I’d say killing some clay pigeons would be the only way I’m going to get out.

  116. Comrade Nom Deplume says:

    [117] juice

    News that TARP may be pulled to cover FINREG probably didn’t help. That suggests that the USG would be willing to eat its investment in Citi.

  117. meter says:

    @117, Nom –

    “I think the next GTG should be somewhere where we have to pass through metal detectors, especially if they serve Knob Creek.”

    I see you’re coming around to my school of thought on open carry.

  118. Comrade Nom Deplume says:

    [121] meter

    Not really. In fact, open carry would permit us to see whether a nihilistic threat was coming at us in the form of a p.o.’ed realtor from central NJ.

  119. Comrade Nom Deplume says:

    [119] knife

    We should gather up Hyde, Scribe, and whoever else wants to make a day of it.


    Dirt cheap, but you have to bring your own everything. Also, range safety is so tight, it makes for a slower pace. Downrange time can be 15-20 minutes.

  120. Juice Box says:

    re #117 – How about a GTG at that new bar in Newark Airport in the Continental wing Vino Volvo or something.

    I was about to rip their security gates off their hinges last week when they shutdown Newark airport at 7AM because Homeland Security could not find a passenger to match a lost bag or something. I needed a drink for sure at 7 AM two missed flights and a missed connection thru Chicago.

  121. Knifecatcher - Painhrtz says:

    Nom I was thinking more along the lines of Nj F&G public range. I have a hunting license so I can have 4 in my group just need someone else to get eight.

  122. Simply Ravishing HEHEHE says:

    I wonder what impact the trading halt on C has had on today’s market drop considering the theory that it was one of the dead stocks the quants were bouncing back and forth to run up the market?

  123. Yikes says:

    Who made that backheel pass to set up Villa’s goal? Incredible touch there. Portugal defense finally caved

  124. Mr Hyde says:

    juice 123

    Vino Volvo

    Nothing special. A few wines i liked (i know nothing about wine) but way over priced and service was exceptionally slow.

  125. Pat, not a Bot says:

    Do you ever feel self-conscious or potentially non-mainstream when you read this blog’s cornucopia of subject matter and:

    1. You know exactly what each poster’s subjective meaning is,
    2. You think of the history behind the post, and
    3. You believe there is nothing odd about any of the comments?

  126. Mr Hyde says:

    hey guys, I found jobs for all the unemployed white folk!!!

    Chinese companies ‘rent’ white foreigners

    For a day, a weekend, a week, up to even a month or two, Chinese companies are willing to pay high prices for fair-faced foreigners to join them as fake employees or business partners.

    Some call it “White Guy Window Dressing.” To others, it’s known as the “White Guy in a Tie” events, “The Token White Guy Gig,” or, simply, a “Face Job.”

    And it is, essentially, all about the age-old Chinese concept of face. To have a few foreigners hanging around means a company has prestige, money and the increasingly crucial connections — real or not — to businesses abroad.

  127. Mr Hyde says:

    Those damn chinese must be racists

  128. Mr Hyde says:

    Check out this pic of one of the russian spies from yesterday (SFW)


  129. Confused in NJ says:

    112.Final Doom says:
    June 29, 2010 at 3:28 pm
    confused (101)-

    Read this four or five times in a row, and tell me that you don’t want every single one of these dunces dead (except for Feingold, who still has a quaint sense of right and wrong).

    “Sen. Frank Lautenberg will replace Sen. Robert Byrd as chairman of homeland security appropriations.”

    I’d buy them all Teddy cell phones, except Brain Cancer takes too long, and costs us too much in treatment.

  130. This is a really good read for me, Must admit that you are one of the best bloggers I ever saw.Thanks for posting this informative article.

  131. fly-over says:

    RE: 20
    ‘Guaranteed to get you somewhere sometime today.’
    That’s the ‘Hoboken Colonel’. He’s the funniest conductor on the line. I am missing him (somewhat) here in fly-over country where my commute is from the bedroom to the office.

  132. Comrade Nom Deplume says:

    [129] pat

    It means you’ve been here too long.

    Or we’ve been here too long.

  133. Comrade Nom Deplume says:

    [125] knife

    They have a website?

    I’m no help; I don’t hunt, and I doubt there are many others here that do. That said, you may not get more than 4 anyway.

  134. Juice Box says:

    This explains the Elena Kagan – Jon Lovitz connection.

    “Kagan somehow got Harvard to change its health insurance to partially cover sex change operations.”


    SNL needs to bring Lovitz back for a cameo as Kagan in a Senate Hearing Skit.

  135. Final Doom says:

    hyde (131)-

    Cute, but not worth the potential life sentence for tapping it in exchange for a few state secrets.

  136. Final Doom says:

    What we need is for a rogue tank division to put a shell into the Supreme Court.

  137. Final Doom says:

    Blow that crazy broad Kagan to kingdom come.

  138. Juice Box says:

    Doom – The Obama Administration is playing the game of Don’t Ask Don’t Tell with the Kagan nomination, typical liberal hypocrisy in action.

  139. Pat, not a Bot says:

    Sean, c’mon. Tell me you don’t like the new doo Michelle cooked up for her?


  140. Final Doom says:

    Hey, jj…does your love of Redfin allow for the fact that they hire goddamned RUSSIAN SPIES?!?!?!?!?!?


    “The other suspects apparently lived more ordinary lives. A 40-something couple known as Donald Heathfield and Tracey Foley (also known as Ann Foley) had two teen sons who, like many teens, sometimes disrupted their neighborhood in Cambridge, Mass., with loud parties, according to the Boston Herald.

    Foley owned her own real estate website and worked as an agent for Redfin Realty, while Heathfield was a consultant doing leadership training for a firm called Global Partners Inc.”

  141. Final Doom says:

    Damn. Moderated.

  142. stan says:

    Kagan looks like the albino in the pit of despair from princess bride who run’s “the machine”


  143. Comrade Nom Deplume says:

    [144] doom

    I love how the russian spies chose to live in towns that are known for their affinity for s0cialism, like Montclair or Cambridge, MA (a.k.a. Moscow on the Charles).

    That said, it remains to be seen where the espionage actually is. Besides the fact that they acted like spies, I have yet to see an allegation that they got any more intel than I could get on the internet.

  144. Final Doom says:

    plume (146)-

    It all seems like a TV show, unless we are willing to put 1-2 of them up against a wall and let a few sharpshooters get some practice in.

    Or, perhaps we use them as trade bait for a few of our own spies languishing in prisons God knows where.

  145. Pat, not a Bot says:

    That whole spy thing is like Caddyshack.

    How stoopid does a gubmint agency have to be to pay people to get information that could be obtained on an internet search?

    Oh….wait a minute.


  146. Juice Box says:

    re: #147 – Comrade rumor has it is one of the Russian’s was sleeping with Nouriel Roubini the economist and sometime consultant/advisor to the administration.

    I gather she was “doing” her best to reach the inner circles.

  147. Jason says:

    What happened to the Plunge Protection Team today? Too hot for the beaches, no? Are they just giving up?

  148. Comrade Nom Deplume says:

    Well, this explains what they are charged with, and why.

    “The defendants were charged with conspiracy, not to commit espionage, but to fail to register as agents of a foreign government, which carries a maximum sentence of 5 years in prison; nine were also charged with conspiracy to commit money laundering, which carries a maximum penalty of 20 years. They are not accused of obtaining classified materials.”

    I wonder why no conspiracy charges. Seems that they took the overt steps, so it would seem that conspiracy would lie. But that gets back to proof of an unlawful goal. Conspiracy to procure information that I could get on the ‘net is not a conspiracy.

  149. NJGator says:

    the plane, seated in row 1, enjoying some well deserved pre-flight c*cktails with Stu. Have a great night, folks!

  150. relo says:

    Another helping of the extend portion of “pretend & extend”.


  151. relo says:

    152: Stu, are you entereing any of the WSOP events?

  152. NJGator says:

    relo – Nope. Just fancy hotels, fine dining and child free fun.

  153. Comrade Nom Deplume says:

    “The House June 29 passed, by a vote of 409-5, legislation (H.R. 5623) that would extend the closing deadline for the first-time home buyer tax credit from June 30 to Sept. 30, for existing applicants only, to be sure those buyers already in the pipeline can complete their purchases.”

  154. morpheus says:

    How does knobb creek compare to makers mark? I love makers mark. It was on sale on father’s day, so I bought my step-father a bottle. Then, I said: what the hell, I am father, I will just have to buy one for myself.


  155. Final Doom says:

    Makers’ Mark is fatter and richer than Knob Creek, which is leaner and more aromatic.

    I prefer Knob Creek, but I’d never turn down a Makers’ Mark.

    Or a Blanton’s.

  156. New in NJ says:

    I never considered myself a bourbon guy even though I have enjoyed the occasional dram. I bought a bottle of Knob Creek some time back just because Clot enjoys it so much. I thought it might be worth a try.

    It’s almost gone now. I find myself reaching for it twice as often as my Macallan single malt.

  157. Juice Box says:

    re: #158 – I gave my FIL a bottle of Bushmills 1608 gifted to me by my Aunt on my last trip to Ireland. Damm I want it back right now!

  158. fiwedding says:

    It’s almost gone now. I find myself reaching for it twice as often as my Macallan single malt.

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