Reserve too high to sell largest horse farm in Jersey

Same story, different property. Seller purchased at the height of the market and current bids don’t even come close to their (in all probability) unrealistic asking price.

From the Star Ledger:

Perretti Farms property for auction in Burlington County does not sell

A 310-acre farm of preserved land in the heart of New Jersey’s horse country did not sell at auction yesterday because the highest bid — $1.5 million — was not as much as the owners had anticipated.

Eight bidders showed up to the site in North Hanover, which is owned by the state’s largest and most prestigious standardbred breeder and racing stable, Perretti Farms. The company purchased the farm for $2.5 million five years ago, but is winding down operations in the next two years because of the shaky horseracing industry in New Jersey.

Similarly situated properties have sold for $10,000 an acre, said Max Spann, president of the Max Spann Auction and Real Estate, which organized the sale.

The highest bidders “have indicated they’re still interested,” Spann said. In the coming days, the prospective buyer and Perretti Farms will try and work out a deal.

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100 Responses to Reserve too high to sell largest horse farm in Jersey

  1. Mike says:

    Good Morning New Jersey And Happy Friday!

  2. grim says:

    A comment posted to the Star Ledger site indicates the high bid was an even lower $1.35 million and not 1.5 as printed.

  3. grim says:

    From HousingWire:

    Yearly housing inventory down 20%, home sales up

    National home sales and median price listings in September went up from a year ago with the home inventory down about 20%, according to multiple reports Thursday.

    These positive signals were offset by a continued slight downward trend in home sales prices, down 3.3% from a year ago according to RE/MAX.

    But with home sales up, RE/MAX CEO Margaret Kelly said the hope is that sales price will follow. Of the 53 markets surveyed by the company, 17 saw yearly sales price increases, including Detroit (13.4%), Miami (8.4%) and Orlando, Fla. (7.8%).

    Home sales nationally went up 7.6% from September 2010 with increases in 44 of 53 markets, including Des Moines, Iowa, (31.3%) and Minneapolis (30.1%).

    Single-family home, condo, townhouse and co-op inventory was down 3.27% from August and down 20.09% from September last year, according to

    This year-over-year decrease could mean a return to seasonal patterns and higher prices in the coming months, though markets are still fragile and could weaken in bad economic conditions.

  4. Mike says:

    Beautiful picture, love to be sipping my coffee from that home every morning.

  5. serenity now says:

    Five years ago Hovnanian would have bought that farm and put 7000 condos
    there. Actually seems like a good deal at 1.5 million.

  6. 30 year realtor says:

    Why would it be surprising that the value of acreage for a horse farm has fallen about 40% since the peak of the market. Wild Bill should take the money and run!

  7. Juice Box says:

    Yeah, 100k an acre for farmland in NJ cause it’s different here. LAMFO!

  8. Juice Box says:

    Would it make for a good nompound, can you dig trenches and put in razor wire fences. Is the land tillable?

  9. Juice Box says:

    Protestors gonna make a run for the NYSE this am.

  10. funnelcloud says:

    Good Morning, You got your job back Mike
    That farms a beauty,

  11. Juice Box says:

    NYPD runs down a Hippie with a motorcycle, that will rile up a few eh? When does occupy Montclair start?

  12. JJ says:

    Back to ‘Soup’
    “This economy broadly is not going to engage until housing is at least moving in the right direction,” Zandi said. “Right now, we are very close to going back into the soup.”

    About 40 million mortgaged homes have at least 5 percent equity, meaning they may be eligible to be refinanced. In the second quarter, 11 percent of new mortgages bought by Fannie Mae, the largest U.S. home-loan finance company, had equity of 10 percent or less, according to regulatory filings.

    Another 11 million borrowers can’t move and can’t refinance because their mortgages are bigger than the value of the homes that secure them, according to CoreLogic Inc., a Santa Ana, California-based real estate research firm. About 2.4 million have equity of 5 percent or less. A government effort known as Home Affordable Refinance Program allows homeowners who are up to 25 percent underwater to get new loans.

  13. JJ says:

    I know, I had to walk around a barricade to get my muffin on the corner of Wall and William and a boat load of horses and baricades out front by NYSE. The ulitmate in stupidity is they were boycotting in front of the a suit store, au bon pain and the elementary school on broad street as they could not get in front of NYSE>

    Juice Box says:
    October 14, 2011 at 8:03 am
    Protestors gonna make a run for the NYSE this am.

  14. funnelcloud says:

    Jersey Troopers are already cracking down on the few in Trenton, They will slowly make them remove tents, Look for a back doors (like cleanup issues) to disperse the crowd and slowly wear down the protesters until they go home. If the protestors Stay peaceful, The politicians will pay lip service and wait for the cold weather to break up there party. The truth is nothing is going to be done until you get a very large group of people that have nothing left to lose and are willing to start riots and go to prison for a cause or overwhelm the system, until that happens the status quo will not change. Thomas Jefferson Said
    “God forbid we should ever be twenty years without such a rebellion.
    The people cannot be all, and always, well informed. The part which is
    wrong will be discontented, in proportion to the importance of the facts
    they misconceive. If they remain quiet under such misconceptions,
    it is lethargy, the forerunner of death to the public liberty. …
    And what country can preserve its liberties, if its rulers are not
    warned from time to time, that this people preserve the spirit of
    resistance? Let them take arms. The remedy is to set them right as
    to the facts, pardon and pacify them. What signify a few lives lost
    in a century or two? The tree of liberty must be refreshed from
    time to time, with the blood of patriots and tyrants.
    It is its natural manure.”

  15. Farmer Jim says:

    We own a farm in the neighboring municipality of Chesterfield. That is a nice preserved farm with good productive soils, a colonial era home and a series of outbuildings. It is almost all tillable. I guess it shows that estate interest in preserved farmland is on the decline, probably due to the general real estate and economic environment as well as the withdrawal of state subsidy of the equine industry.

  16. NJChoo says:

    Wondering if anyone can give me any info on following MLS #

    1130754 (seems to be sold – wondering how much it went for)

    Anyhow… starting to look slowly, and wondering on how to find good realtor in Edgewater area.


  17. Juice Box says:

    re # 14- funnelcloud – “overwhelm the system” No violence is needed. The protesters picked Wall St because of it’s symbolism, and Zucotti Park because if it’s public/private nature so the NYPD could not shut it down, so the protesters now have have a perpetual presence, no PERMIT for NYC to delay or decline or limit, and 24×7 brodcasts of this rebellionn.m The fact that the City will not let them protest on Wall St itself is only going to make things worse. When the calls become louder to withdraw your money from the major banks, and people actually withdraw their money en masse this will be over faster than the run on Lehman.

    Be worried the MSM has picked it up and is now running it 24×7, and in a few short weeks everyone now knows about this rebellion. The Republicans in their infinte wisdom did not pass the millionaires tax in the job bill while the economy is still headed down the toilet. The mess down in Washington DC is only going to make people angry, since they were already frightened for the last three years. Next comes angry and then action.

  18. Comrade Nom Deplume says:

    Greece in death spiral and Timmay doesn’t sound too confident. So the cash stays on the sidelines for now.

  19. Juice Box says:

    Comrade – This is shades of 1917 in Greece. The new reforms include a property tax.The government tried to institute new property taxes using the electric bill. The electric company employees took over the company, and would not let the bills go out, and they won’t shut off service.

  20. Thundaar says:

    Farmer Jim- I took part in the sale of many preserved farms in NJ. Selling around 1,000 acres in Burlington County between 2006-2010. I never saw a farm south of Mercer County sell for more than $7,500 an acre (with one exception the Greenberg farm in Mansfield 2005 sold for $9,000 an acre). The quote from the article saying $10,000 an acre is pure puffery. Perhaps in Hopewell, Alexandria or Cranbury not Burlington.
    When a farm in NJ is over 100 acres many people tend to back off (except in extreme rural Salem, Gloucester Counties) because most buyers are not farmers- making the price per acre come down a bit.
    I was at the farm auction in Mansfield in 2009 of a property with 210 acres and it sold for less than $3,500 an acre.

  21. Burnt says:

    Farmer Jim – thanks for all the good food this season :-)

  22. Comrade Nom Deplume says:

    With friends like these . . . .

    The Pied Piper of Chicago is tooting, but the children aren’t following.

  23. Comrade Nom Deplume says:

    Arranged a wood supply for the winter in the same way my BIL did for his house and nompound. When I arranged for some tree work, I asked to keep the wood, and the guy said “you want more? I’ll give you all you want.”

    Turns out that he saves money by giving me the stuff because it costs him to dispose of it. Those chippers can handle big logs, but they chip and dump, so they see nothing from the wood. And if it kills his chipper, well, that hurts more. If he gives me the oak and maple, he isn’t expending money to chip it and dump it.

    And I have a nice fire in the fireplace every night this winter.

  24. Juice Box says:

    Nom – O raised 70 million in the third quarter, he does not need Billy Boy just like in 08.

  25. 30 year realtor says:

    #16 NJChoo – 1138565 is a shortsale of a small single family. No photo in MLS. Listing indicates attorney review in progress.

    The other one is under contract with a $399,000 ask and an anticipated close date 0f 10/31/11.

  26. jamil says:

    “The Republicans in their infinte wisdom did not pass the millionaires tax in the job bill while the economy is still headed down the toilet.”

    At leats you got the marching orders well. This is the desperate message O’s teleprompter will cling to in the campaign. If only GOP had passed my new tax bill we would have now Bush-GOP era 4% unemployment..

    Actually, Senate GOP tried to force Senate to vote on President’s bill, but Reid invoked nuclear option, changed Senate rules and was able to prevent the vote on President’s touted jobs bill. Besides, the opposition to Reid’s bill was bi-partisan. But details like these do not fit The Narrative that State Media is pushing so never mind.

  27. jamil says:

    So anarchists were bused in by President’s street organization and unions. Somehow I doubt these SA troops will show up harassing at the private palaces of Fannie Mae/GE-NBC/Solyndra execs. That wouldn’t fit the Narrative, would it?

    “Anarchist Protestors Invade San Marino Neighborhood ”
    Members and supporters of a radical labor union stampeded a San Marino at 6:00 p.m. because he is an officer with a major banking institution.

    “Piggybacking on the anarchist Occupy LA and Occupy Wall Street model, approximately 100 protesters were bused to a residence on Woodstock Rd., trampled the landscape and repeatedly pounded on the front door. Nobody was home, as the residents had been tipped off by the financial institution’s security department. One source told The Tribune that several of the protesters have been identified as members of Organize for America – President Barack Obama’s campaign organization – and the discredited ACORN.
    San Marino police arrived approximately fifteen minutes after the protesters were delivered by two buses to the residence on Woodstock Rd. and immediately called for back-up. San Marino Police and Fire Chief John Schaefer said officers were summoned from South Pasadena, who arrived to help control the mob, many of whom were conducting interviews with local news organizations.”

  28. schabadoo says:


    I would try maybe upping the dosage, or cutting it in half.

  29. Comrade Nom Deplume says:

    [27] jamil

    Can’t wait for the uproar when the first of these anarchist types shows up at the wrong house and develops a nasty case of birdshot.

  30. Comrade Nom Deplume says:

    [28] boo

    Speaking from experience?

  31. schabadoo says:

    When it’s not working…

  32. chicagofinance says:

    You have to be kidding me……bunch of f-ing revisionist history…they tried to get to Bowling Green/Battery, the NYPD was ready and told them to f-off. Lacking any other place to go, they collapsed on the closest patch of open space that was convenient…..

    Juice Box says:
    October 14, 2011 at 9:15 am
    and Zucotti Park because if it’s public/private nature so the NYPD could not shut it down, so the protesters now have have a perpetual presence

  33. jj (12)-

    Problem is, it’s frog soup…and millions of frogs are stuck in it, as the temperature is jacked one degree at a time.

    “This economy broadly is not going to engage until housing is at least moving in the right direction,” Zandi said. “Right now, we are very close to going back into the soup.”

  34. JJ says:

    Funny I don’t understand why realtors say we can’t have a good economy without housing. Go back to new york city from 1993 to 1999 we had a roaring bull market, great economy, spending like crazy. However, coops, condos, housing was still at deaths door and no one was buying real estate as bad memories from the RE crash of 1989-1991 was still fresh in everyone’s heads. We rented, stayed in our underwater coops/condos and our little starter homes for most of the decade and spent like crazy, had stock market returns of 20% every year and all had brand new cars.

    RE ain’t that important. Heck when we all rented. Me included in the 1990s we all had nice rent stablized apartments in the city and share houses in the Hamptons we were all much happier. Less headaches and no anchor around your neck if you lost your job. Bigger problem is people underwater on houses need to be foreclosed on or walk away and rent. It is the large monthly payment on an asset on a depreciating asset that is hurting economy. Let them go belly up and free up income to spend!! We need more disposable income. Throw them out 1991 style let a new RTC firesale the homes and let them rent for 7 years till stink of BK if off their credit and they have a 20% downpayment. It worked in 1992 it will work today.

    There Went Meat says:
    October 14, 2011 at 11:20 am
    jj (12)-

    Problem is, it’s frog soup…and millions of frogs are stuck in it, as the temperature is jacked one degree at a time.

    “This economy broadly is not going to engage until housing is at least moving in the right direction,” Zandi said. “Right now, we are very close to going back into the soup.”

  35. Farmer Jim (15)-

    Your tomatoes were spectacular this year…absolutely disease-free and low-maintenance. All I did was plant them, wait and pick.

    The Zebras were just killer.

    Thanks again.

  36. NJChoo says:

    #25 tks!

    I’m just starting to check out the market… can you recommend any realtors in Edgewater & Fort Lee area? Someone to help me look.


  37. jj (34)-

    1993 was a typical, cyclical recession. This time around, it’s a balance sheet depression for the ages.

    We were, however, sowing lots of seeds in 1993 for the whirlwind we’re reaping now.

    This only ends in tears. The stench of death permeates everything.

  38. jamil says:

    prev thread wtf 64
    “Always Trust the Free Market and Give It Less Regulations! Right Jamil?”

    Oh, this is rich. Somehow the article forget to mention that he is big time Crony Capitalist and Dem donor (Hillary, Obama, Schumer). The Damn Narrative stikes again..

    Anyway, I’d always choose corrupt businessmen over corrupt politician. Both may steal your money, but politicians can send you to jail or kill you

  39. 30 year realtor says:

    #36 – do you want a good Bergen County agent or just an agent in Ft Lee/Edgewater? I can recommend someone in Bergen but their office is not in those towns.

  40. Juice Box says:

    Chi – The goal was to setup camps on Wall St from day one and still is. When this started on the 17th they were granted a small place to protest setup by the NYPD on Broad Street at Exchange Place around the block from the exchange. On the 17th they gathered by the Bull at Bowling Green and tried to march to Wall St to setup up camp. The NYPD continually corralled them away from Wall St, and told them to go to Broad and Exchange, and that neaderthal cop kept harassing them on the sidewalks which peaked the attention of the media. Because they were barricaded in by the NYPD, they ended up at Zucotti because somebody knew they could not evict the campers from there. If they had let them setup camp on Wall St for only one day they could have arrested them all that night for refusing the leave, curfew etc. I don’t know what would have happened then but they may have never ended up at Zucotti which is now going on a month of occupying, with a massive protest set for tomorrow. Bloomberg has made several mistakes here, and when he sends in the jack booted police and the horses to clear this out it is going to be real messy.

  41. NJChoo (36)-

    There are plenty of agents who can assist you. All people do anymore is “look”. Anyone still in RE basically views potential buyers as a longshot gamble of time and money; in the overwhelming majority of cases, they know upfront that they will lose, but shepherding people around at least gives structure to their day and gets them out of the house.

    “Someone to help me look.”

  42. I would like to learn some techniques from whoever brainwashed jamil.

  43. 30 year realtor says:

    #34 JJ – By 94 the real estate market was out of the mess. Market was not bubble kind of hot, but the market was not depreciating either. I would classify that period as a very stable time in the market.

    There is a dramatic difference between a sick, semi-functional market like we are in now and the time period you make reference to. Real estate does not have to be on fire for a healthy economy to exist, but it does have to be functional.

  44. Going for the perfecta tomorrow:

    1. Massive riot on Wall St.

    2. Magpies over Spurs.

  45. Comrade Nom Deplume says:

    (31) boo

    good comeback

  46. Comrade Nom Deplume says:


    Email me offboard. Business question.

  47. Juice Box says:

    Tonight is Family Sleep Over night at OWS at the Atrium Deutsche Bank @ 60 Wall st. Seems there is another public/private place they want to take over. Should be interesting to see if Bloomberg will allow the NYPD to club little Jimmy and little Suzie.

  48. schabadoo says:

    (45) Commie

    Gotta constantly evaluate and assess, see what’s working and what’s not.

    It could be as simple as him misreading the label.

  49. All Hype says:

    Stench of Death:
    Your call for the Waffen SS to get into Greece may be a fact.

  50. Double Down says:

    Foreclose destruction — those dots covering every inch of every wall are holes made with a hammer:

  51. JJ says:

    I looked at 100’s of foreclosures and that is nothing. My most disgusting of all time was a sheetrocked house when prior gay owners covered house with centerfolds from Playgirl magazine that were not glued on. Bank told me they tried to remove a few and realized someone spanked the monkey and glued them on in his own very special way. Yikke.

    Double Down says:
    October 14, 2011 at 12:14 pm
    Foreclose destruction — those dots covering every inch of every wall are holes made with a hammer:

  52. Comrade Nom Deplume says:

    (49) hype

    Not like they don’t know their way around already.

  53. Nicholas says:

    Went to look for pictures about forclosure destruction and found “forclosure destruction party” as a google web hit. Apparently you can even throw a party to destroy your house.

    Water got shut off when they winterized a townhome near by us. We had to break back in to turn the water back on to about 7 units because we couldn’t find the owner (go figure). Went inside and it was a nightmare, holes punched into the walls, writing in permanent black marker over all appliances and walls in kitchen. I saw “wash the f**king dishes b*tch” scrawled on the dish washer. Place had a smell that said “stay away”.

    The blatant destuction in this house is nothing compared to what a couple can do when they hate each other.

  54. prtraders2000 says:

    Went to an Octoberfest celebration last night at client’s club. During the dinner, they were lamenting the fact that they’ve only had one low ball offer on their home in Brigadoon. Asking 700k with offer of 580k. Of course they exclaimed “they are not giving their house away.” Funny how many people say that. They’ve been in the home over 30 years. Apparently the one offerer had a lender appraisal and it came in even below the 580k offer. It seems like such a long shot to be able to sell when buyers will be forced to come up with over 30% of the purchase price given the state of the market.

    BTW – they will be taking it off the market early November as the spring will be the hot time for buyers and they want a fresh listing.

  55. Libtard in Union says:

    DD (51):

    Why did they take the socket covers? I can understand the railings to the basement, but the socket covers? Those go for 15 cents a piece.

    Jamil, you are sounding desperate these days. Who is your candidate at this point? Or are you waiting for the GOP to decide for you. Baa, baa!

  56. Shadow of John says:

    I am surprised the cops have not backed off and let a group of wilding thugs with weapons go in and mess with the protesters. Those nancy boys would be runing home to there momies and daddies as quick as they can.

  57. Double Down says:

    There was a mention of all the wires being cut. Can’t see very well in the photos.

    “Why did they take the socket covers?”

  58. Happy Renter says:

    I’m hoping the camel-riders from Cairo show up in Zucotti Park soon.

    Actually, I really would like to see them riding unicorns into the fray instead, but because the unicorns of Brigadoon-on-Hackensack are already in that most magical of locations, with such proximity to Manhattan, they may not be motivated to make the journey.

    On a side note, funny how the best argument Chairman O’s supporters can come up with these days basically boils down to “all politicians are the same, so you should just vote for Obama.”

  59. jamil says:

    “Jamil, you are sounding desperate these days”

    Letarded, I’m sure the desperation is in your side. The mood at NY Times and White House must be approaching suicidal. Only option left is to provoke class warfare and hope that the SS troops sent out can intimidate enough people. DOJ is also working overtime shutting down every voter fraud prevention method ever passed by Congress.

    I would almost pay to watch letarded to see election results in November 2012. Somebody better make sure there is no gun nearby. Or maybe letarded takes the bottle approach, permanently. Must be running in the family, can’t explain letarded otherwise.

  60. hype (49)-

    Hey, you know the old joke about how in heaven all the cops are German and all the cooks are French?

    If the Greeks are gonna move to the ultra-violence, nothing better to stanch it than a cadre of jackbooted Aryans. Hell, they can even argue that they’re just protecting their collateral.

  61. Libtard in the City says:

    Hey JJ:

    I found something good about the Jets this year.

  62. Libtard in the City says:

    Jamming Jamil,

    I may vote Republican for no better reason than I would hope it would shut you up for a minute here on this blog. But if I recall, that didn’t occur when Bush was ruining the country, much like our current leader is.

    Baa baa, community organizer, baa!

  63. jamil says:

    remember, voter fraud does not exist. Well, at least as far as DOJ is concerned.
    These conviction resulted from the work from small non-profit org, since Government was not interested.

    “Minnesota Majority today released a report on voter fraud convictions stemming from Minnesota’s 2008 general election. The report finds that 113 individuals who voted illegally in the 2008 election have been convicted of the crime, “ineligible voter knowingly votes” under Minnesota Statute 201.014.

    “Prosecutions are still underway and so there will likely be even more convictions.”

    “It’s mind-boggling to me that as a tiny non-profit corporation, we netted more than double the number of convictions in one year than the US Department of Justice was able to find in five,” said Davis.

    Minnesota’s recent charges and convictions stem from research initiated by Minnesota Majority.

  64. jamil (65)-

    Yeah, and Diebold only distributes clean voting machines.

    Your partisan hack ramblings utterly discredit everything you post here.

  65. Libtard in Union says:
  66. jamil says:

    66 isn’t this clot, the deranged nutcase advocating murder in internet sites?

    I’m actually happy that O has set up the Internet monitoring programs. I hope FBI or Secret Service takes you away soon. Openly advocating murder of high-ranking Gov officials is tolerated only when target is GOP.

    Anyway, things are going on fine.

    “Associated Press Via Yahoo News ^ | 10/14/2011 | WASHINGTON (AP) — The government ran a $1.3 trillion for the budget year that ended last month, the third straight year it has operated more than $1 trillion in the red. The 2011 budget deficit was the second highest on record.”

  67. JJ says:

    Libtard in the City says:
    October 14, 2011 at 2:49 pm
    Hey JJ:

    I found something good about the Jets this year.

    She is the captain. Not my favorite. She is always yelling at my girls.

  68. Confused in NJ says:

    The 11th Circuit U.S. Court of Appeals in Atlanta has overruled part of a lower judge’s decision and ordered Alabama to stop questioning grade-school students and parents about their citizenship status, the AP reports.

    But the court did let stand for now the part of the state law that requires local police officers to ask for proof of legal status during routine stops if they suspect someone might be an illegal immigrant. A similar provision, first passed by Arizona in 2010, has been temporarily blocked from going into effect by the 9th Circuit U.S. Court of Appeals. If the two appeals courts ultimately disagree over the constitutionality of this part of the law, the issue will likely end up in the U.S. Supreme Court.

    The 11th Circuit sided with the Obama administration’s argument that the schools provision of the law should be blocked as the courts rule on its constitutionality because ongoing enforcement could have a “chilling” effect on enrollment among immigrant families. The Alabama school system reported widespread absences among Hispanic students the week after the law passed, and local news reports suggested families were fleeing the state because they were afraid they would be deported. A final decision on Alabama’s immigration law, which is considered the toughest in the nation, won’t be made for months.

  69. Libtard in Union says:

    You know what’s funny about the ignorant Jamil’s of the world? They think that they are righteous by pointing out flaws made by the other party, yet they would be the last people you could ever convince when members of their own party make the same mistakes. Of course, all this is regardless of whether or not any of these issues are true.

    One day Jamil, you will thank me. That is, if you don’t have a heart attack first. What’s your blood pressure at dude?

  70. Double Down says:

    “ordered Alabama to stop questioning grade-school students and parents about their citizenship status”

    No ID required to attend grade school in Alabama? Perhaps asking for proof of vaccination will also be outlawed.

  71. jamil (68)-

    I thought I only advocated for the murder of you.

  72. Shore Guy says:

    This should have been done two years ago. Now it just screams of a straw-grasping attempt at reelection:

  73. JJ says:

    If you are not white and have a southern accent you are not from Alabama, why do they need to see ID’s?

    Double Down says:
    October 14, 2011 at 3:54 pm
    “ordered Alabama to stop questioning grade-school students and parents about their citizenship status”

    No ID required to attend grade school in Alabama? Perhaps asking for proof of vaccination will also be outlawed.

  74. Double Down says:

    Great way to close out a Friday — photos of the NYPD doling out pain to hippies:

    Looks like JJ jumped in to assist with the arrest in photo #3.

    Just keep clicking the “Next” button…

  75. shore (75)-

    Barn door open; horses gone.

  76. chicagofinance says:

    “Ten years ago, Steve Jobs was alive, Bob Hope was alive, Johnny Cash was alive. Now we’re outta jobs, outta hope and outta cash.”

  77. Confused in NJ says:

    80.chicagofinance says:
    October 14, 2011 at 5:45 pm
    “Ten years ago, Steve Jobs was alive, Bob Hope was alive, Johnny Cash was alive. Now we’re outta jobs, outta hope and outta cash.”

    Sad but true!

  78. Bocephus says:

    82. Amen Sisters and Brothers. But we still got Bill.

  79. Comrade Nom Deplume says:

    Argh. Beat me to the local BFF.

    Really local too. First State Bank in Cranford.

  80. joyce says:

    (26) jamil,

    that wasn’t me genius

  81. Fabius Maximus says:

    Here is an interestsing question for the GaltHeads.

    What happens when its the workers that head for the Gulch?

  82. Comrade Nom Deplume says:

    (87) gooner,

    What usually happens in a labor shortage? That is what is occurring here.

  83. Get ready for $9 heads of lettuce.

  84. Fabius Maximus says:

    This is more an elimination of the labor pool than a shortage, but the effect is the same.

    If you are saying that increasing the wages to fill the jobs will resolve the issue, I think that is wrong. The margins are so razor sharp in that field, the business model is unsustainable as the market will not absorb the increase. The net result is the business goes bust.

  85. scribe says:

    I got an email from a headhunter who is looking to fill an entry level office job at a hedge fund.

    Midtown Hedge Fund seeks an Office Assistant to ensure/maintain professional operations of reception area/kitchen/conference rooms/common areas

    Don’t know the firm, or what the money is like. But if you want the full info and contact info for the recruiter, email me –

  86. The Original NJ ExPat says:

    It’s been a rough month for tech pioneers

    Kernighan & Ritchie made me what I am today, indirectly. I was a few months into my first professional job as an aerospace software engineer, Singer-Kearfott, very close to grim’s new place (now GEC Marconi turned BAE systems). 6 months later I had a few direct reports, one of whom bought a DEC-Pro (PDP-11 desktop) and spent $1000 on a System V OS and used it to teach himself C. He came to me one day and said he had a consulting offer for $25/hour for 6 months and asked me if he should take it. I said, “Hell yes!, you’ll make as much in 6 months as you do here in a year and even if it takes 6 months to find your next job you’ll still be even and will have had 6 months off to go to the beach or whatever.” He took my advice and left. I bought his computer from him for $1000 (with the $1000 OS thrown in) and did the same.

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  88. Confused in NJ says:

    LONDON (AP) — An independent British medical watchdog says the first treatment proven to help people with the deadliest form of skin cancer is too expensive to be used by the U.K.’s health care system, a recommendation critics called a potential death sentence.

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    The National Institute for Clinical Excellence, or NICE, advised Friday that at a cost of 80,000 pounds ($126,600) Yervoy “could not be considered a cost-effective use” of health funds. A final decision is expected next month after a public consultation

  89. chicagofinance says:

    We need this guy helping the NYPD at OWS….

  90. chicagofinance says:
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  92. Mary Barr says:

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