From the Philly Inquirer:
N.J.’s local tax bills keep spiraling upward
Ted Marvel pays $4,900 in annual property taxes on his 1,000-square-foot home in the heart of Collingswood.
In fact, his monthly tax bill – $407 – is starting to rival what he pays in principal and interest on his mortgage. Said Marvel: “They’re going to meet soon.”
In the new millennium, New Jersey’s property taxes, the highest in the nation, are exploring new heights.
“It’s astronomical,” said Marvel. “It’s crazy.” That, too, his Garden State neighbors affirm.
Even as incomes have dropped (4.4 percent), and overall taxable value has fallen in a third of the towns, an Inquirer analysis showed that from 2000 to 2011, average tax bills in Burlington, Camden, and Gloucester Counties rose 44 percent. And that’s adjusted for inflation. The average bill jumped from $3,964, to $5,691.
…
“They’re astounding,” said Janice Potts, former resident of a place she still loves, Haddonfield, which had South Jersey’s highest annual average tax bill, $12,282 in 2011. She sliced her bill by more than $10,000 by buying a home of similar value in a place not commonly viewed as a tax refuge: Philadelphia.“They’re terrible,” agreed Edward Borden, a Haddonfield commissioner who pays almost $16,000 in annual taxes on a $595,000 home on Overhill Road. That’s a steep price, even for a tony community with an elite public school system.
On average, New Jersey property taxes consumed 7.8 percent of median income in the 2008-10 period, according to the Tax Foundation. That was double the Pennsylvania figure.
Why are Jersey’s real estate levies in the stratosphere?
…
The answer is complicated, but one reason is that much of the cost of school, town, and county governments in New Jersey is bundled into the real estate levy.And just about everything in Jersey, it seems, is more expensive.
About half of all New Jersey’s state and local tax revenue is generated by the property tax, compared with less than 30 percent in Pennsylvania, which has a more varied tax menu.
Property owners complain that the high taxes are hurting their real estate values. They may have a point: In the most recent Inquirer survey, home prices fell 29 percent in South Jersey from 2007 to 2011, compared with a 18 percent decline in the Pennsylvania suburbs.
…
Another reason for the staggering property taxes in the Garden State: New Jersey is a high cost-of-living state. That translates to higher salaries for public employees. The average pay for 575,000 state and local government employees is the second-highest in the nation, about $65,000 a year – 25 percent higher than Pennsylvania’s – according to census data. That’s similar to the differences in median incomes between the two states.Public education is more expensive in New Jersey. In the Census Bureau’s 2009-10 survey, per-pupil spending was $16,841, No. 2 in the nation. Pennsylvania’s was a middle-of-the-pack $12,995. The local share of the Garden State’s education bill, 55.6 percent, also was No. 2 in the country.
I’ve got to admit, if I worked in the Philly metro, I’d probably live in PA too.
From Politico:
Obama talks up housing recovery
President Barack Obama marked his administration’s efforts to strengthen the housing market in his weekly address released Saturday, and drew a contrast with Republican challenger Mitt Romney’s stated approach.
“One of the heaviest drags on our recovery is getting lighter,” Obama said in his only official remarks of a week spent campaigning. “Now we have to build on the progress we’ve made, and keep moving forward.”
…
Obama acknowledged that “we’re not where we need to be yet” on housing, adding that “too many homes are still underwater. Too many families are still having a hard time making the mortgage on their piece of the American Dream.”
But he also took credit for the market’s recovery.
“I never believed that the best way to deal with the housing market was to just sit back, do nothing and simply wait for things to hit bottom,” Obama said in a reference to Romney’s comments last fall when he told to the Las Vegas Review-Journal editorial board that the way to restart the housing market was by letting the foreclosure process “run its course and hit the bottom.”
Obama said he needs Congress to contribute to his and congressional Democrats’ efforts at helping homeowners refinance their mortgages, including the introduction of several bills this year.
But he said he knows congressional Republicans won’t act until after Election Day — nor will Democrats, since Congress is not in session — but called on Americans to nonetheless make their voices heard on the issue.
Republicans, meanwhile, used their weekly address to attack Obama for overseeing four straight years of federal deficits of more than $1 trillion.
From NJ101.5:
A Housing Shortage In Jersey? Experts Say It Could Happen (audio)
Last week, we were telling you how the pace of construction of single-family homes is picking up in many parts of the country, but Jersey continues to lag behind.
In fact, new Labor Department data shows the Garden State actually lost 4200 construction jobs last month, and suddenly, there’s concern that if the trend continues, we could be facing a housing shortage in Jersey in the not-too-distant future.
…
But many builders in Jersey are having trouble getting construction loans, and that’s one of the reasons why housing starts in Jersey are still sluggish.
He says “the irony is, if housing construction does not pick up to fundamental demands, within 2 years we could be seeing abnormal growth of home prices, something we want to avoid…we could be looking at housing shortages within a couple of years.
Maloney points out this scenario would force up the price of apartment rentals, as well.
“Vacancy rates are around 4.3 percent and declining. Anything below 5 percent is considered a landlord’s market, which justifies higher rents – and that’s what’s occurring.”
From the WSJ:
States Shift Foreclosure-Suit Funds
When states received $2.5 billion from big banks in a mortgage-foreclosure settlement earlier this year, the expectation was that most of it would be used to aid distressed homeowners. But so far, less than half of the money has been designated for that cause—with much of the rest going to help close state budget gaps, says a report scheduled for release Thursday.
In March, 49 states reached a $25 billion settlement with five of the nation’s largest mortgage lenders over charges that they had improperly processed foreclosures.
…
The states received $2.5 billion of the total. The agreement said the state money should be used “to the extent practicable…for purposes intended to avoid foreclosures,” among other purposes.
But so far, only about $1 billion of the state funds have been designated for some type of homeowner aid while $1 billion will go toward state general funds. States haven’t decided how to spend the remaining $500 million, according to the report by Enterprise Community Partners, a housing nonprofit.
Good Morning New jersey
SNJ folk complaining about 5k tax bills make me laugh (and cry)
Grim [1];
But if you worked in Philadelphia proper, you’d also be paying close to 4% commuter wage tax for the privilege. TISNTAAFL.
What does the size of the house have to do with the price of tea in China?
Go to places like Long Beach NY for instance where firemen and cops have converted 800 square foot bungalows and jam their 3-4 kids in and you will see RE taxes of almost $9000 a house for a 800 square foot bungalow.
Go to Great Neck with rich folks, many are older with no kids and younger asian and jewish families only having 1-2 kids each and you will see 2,400 square feet houses paying $9,000. Triple the square foot as Long Beach and same taxes.
The size of your house does not cause tax burden, it is the amount of occupants and amount of services you require.
Ted Marvel pays $4,900 in annual property taxes on his 1,000-square-foot home in the heart of Collingswood.
Gubnor Kristie is workin on it folks! Just give him time.
U.S. stocks are beating every major asset class for the first time in 17 years even as economic growth weakens and profits rise at the slowest rate since 2009.
The Standard & Poor’s 500 Index has rallied 14 percent in 2012, beating Treasuries, corporate bonds, commodities, the dollar and equities in Asia and Europe, data compiled by Bloomberg show. The last time that happened, in 1995, the S&P 500 was posting the biggest annual advance of the last five decades. With a price-earnings ratio close to today’s level, the index gained another 93 percent in the next 2 1/2 years.
repost
chicagofinance says:
October 22, 2012 at 12:55 am
Why can’t this be Monday working hours…..?
For JJ:
Sustainable vibes
Alicia Silverstone is so eco-conscious, she’s endorsed an environmentally friendly v!brator. The actress picked up an eco-friendly self-pleasure product on OpenSky.com, we’re told. The Leaf V!brator is “inspired by nature, and with a wide range of shapes that are sure to please.” It’s also chemical-free, uses rechargeable batteries and comes in recycled packaging. Perhaps the toy is a prop for Silverstone’s new project — a Broadway play, “The Performers,” about the adult film industry.
Woah this blog is fantastic i really like reading your posts. Keep up the great work! You realize, a lot of individuals are hunting round for this information, you can aid them greatly.
The average pay for 575,000 state and local government employees is the second-highest in the nation, about $65,000 a year …
What is the average pay for private sector workers in NJ?
Or perhaps median pay for both groups would be more accurate measure.
The amount of people living in the home, nor that amount of services consumed, is no factor in the calculation of one’s property taxes in NJ.
8.JJ’s B.S says:
October 22, 2012 at 8:34 am
The size of your house does not cause tax burden, it is the amount of occupants and amount of services you require.
The guy who stars in surburbortory who played Alicia Silverstones crush in the movie is a few years older than her. Yet he still looks great and she looks like an old hag. What up.
Also Alicia I got one word for you cucumber
chicagofinance says:
October 22, 2012 at 9:04 am
repost
chicagofinance says:
October 22, 2012 at 12:55 am
Why can’t this be Monday working hours…..?
For JJ:
Sustainable vibes
Alicia Silverstone is so eco-conscious, she’s endorsed an environmentally friendly v!brator. The actress picked up an eco-friendly self-pleasure product on OpenSky.com, we’re told. The Leaf V!brator is “inspired by nature, and with a wide range of shapes that are sure to please.” It’s also chemical-free, uses rechargeable batteries and comes in recycled packaging. Perhaps the toy is a prop for Silverstone’s new project — a Broadway play, “The Performers,” about the adult film industry.
Yes it is on a Macro basis. Go to high denisty neighborhoods near me and you will see single family houses cut up illegally or into multigeneration type houses and you will see 8-10 garbage cans out side three times a week. 8 kids in school district and multiple police, fire and ems calls annually as well as food bank, free lunch, free before and after school etc. School taxes in those towns I often see 8K on a 400K house. Meanwhile in Lawarence NY a very rich orthodox jewish town where kids dont attend public schools you see a 1.3 million dollar home with 8K school taxes.
joyce says:
October 22, 2012 at 9:42 am
The amount of people living in the home, nor that amount of services consumed, is no factor in the calculation of one’s property taxes in NJ.
8.JJ’s B.S says:
October 22, 2012 at 8:34 am
The size of your house does not cause tax burden, it is the amount of occupants and amount of services you require
btw the size of house is arbitrary in declaring school tax.
40 years ago the Murphys with six kids had the six bedroom house and the spinster school marm lived in the one bedroom bungalow. Bigger house ate up more services so they should be taxes more.
Today the DINK couple can afford a mcmansion and the Murphys are jammed into a three bedroom cape. The Murphys use more services and get taxes less.
Example idiot couple who bought next door to me bought a blown out house with a slightly bigger plot than me. Why he and she both work full time and have no kids. Guess what they pay 3k more school taxes than me with 3 kids in school district.
30 years ago it would be different. Bigger house equals bigger taxes as part of Obama tax the rich scheme. Originally bigger house ment more expenses to town.
Take the deductibility of mortgage interest. Economists and tax scholars have long wanted to eliminate it. The basic complaint is that the tax break clearly encourages taking on debt to own a home, especially among high-income itemizers. The debt at the core of the financial pressure on so many middle class households in recent years has been deductible home equity loans. Households have made painful progress deleveraging their balance sheets since 2008. For instance, the financial obligations ratio—principal and interest payments on debt, as well as other monthly expenses such as leases and rental payments as a percent of disposable personal income—fell from a high of almost 19 percent in 2007 to a fraction over 16 percent, according to the Federal Reserve. Why keep on the books a tax break with this message: Take on more debt and enjoy a bigger tax break? It makes no sense to leave the incentive on the books so that people lever up when the good times
Sx [9];
[paraphrasing] GO TEAM SOCIALISM!
JJ she is the poster child for what happens when you stop eating meat. Every vegan I know looks like crap. Lousy skin, awful hair. just a dumb lifestyle choice, because they are too stupid to balance their food intake by supplementing the protein they have cut out with other sources.
Why are Jersey’s real estate levies in the stratosphere?
…
The answer is complicated
No. It. Isn’t.
Put public schools online, eliminate the brick & mortar, meals, transportation, and, most importantly, Unions. You want a free education? Here’s the URL, have at it. You want your kids to be socialized in a conventional classroom? Private sector, baby. Pay as you go.
Once again, try to read the post and actually comprehend before responding. I said NJ, not NY. The highly dense areas of NJ are most likely Abbott districts which are being subsidized by the better-off suburb towns who have to raise their taxes higher to compensate.
17.JJ’s B.S says:
October 22, 2012 at 9:47 am
Yes it is on a Macro basis. Go to high denisty neighborhoods near me and you will see single family houses cut up illegally or into multigeneration type houses and you will see 8-10 garbage cans out side three times a week. 8 kids in school district and multiple police, fire and ems calls annually as well as food bank, free lunch, free before and after school etc. School taxes in those towns I often see 8K on a 400K house. Meanwhile in Lawarence NY a very rich orthodox jewish town where kids dont attend public schools you see a 1.3 million dollar home with 8K school taxes.
joyce says:
October 22, 2012 at 9:42 am
The amount of people living in the home, nor that amount of services consumed, is no factor in the calculation of one’s property taxes in NJ.
8.JJ’s B.S says:
October 22, 2012 at 8:34 am
The size of your house does not cause tax burden, it is the amount of occupants and amount of services you require
[24] But let’s phase this in over the next decade, until both my daughters graduate Boston Latin;-)
[25] joyce – Maybe bedroom communities are now obsolete. Towns going forward will have to choose between maintaining their exclusive haughtiness through high taxes or develop more businesses and commercial zoning to subsidize taxes with more rateable revenue.
Once again, try to read the post and actually comprehend before responding. I said NJ, not NY. The highly dense areas of NJ are most likely Abbott districts which are being subsidized by the better-off suburb towns who have to raise their taxes higher to compensate.
Are you talking rate or assessment? Rates are the same normally. Or are you saying. Also how can rich homes in other school districts subsidize another school districts schools?
Is it a few towns, some rich some poor share a school district at same tax rate and since the rich folk houses are worth more they pay more taxes?
joyce says:
October 22, 2012 at 10:15 am
Once again, try to read the post and actually comprehend before responding. I said NJ, not NY. The highly dense areas of NJ are most likely Abbott districts which are being subsidized by the better-off suburb towns who have to raise their taxes higher to compensate.
Bottom line most shoebox houses where owners pay attention and grieve taxes if they are over assessed don’t pay high taxes.
Someone with no kids really only needs 800-1000 square feet, someone with 1-2 kids only needs 1000 to 1600 square feet and someone with 3-4 kids only needs 1600 to 2400 square feet. No one needs more than a 60×100 plot or a one car garage.
Folks I know in Hunterdoom have three acres, two car garage, 3,000 square feet for a four person household and complain they have high taxes. Meanwhile a family for four should easily fit in a three bedroom cape on a 50×100 lot. They have huge houses that is why their taxes are huge.
The state collects various different types of taxes; I’m pretty sure the largest is the Income Tax (someone correct me if I’m wrong). The State sends funds to the poorer districts to subsidize their services; by far the municipalities biggest expense is education. The rich towns who pay all the income taxes do not receive any of these funds from the State (or very very little), therefore they have to raise their property taxes higher to compensate.
JJ: “They have huge houses that is why their taxes are huge.”
JJ: “Meanwhile in Lawarence NY a very rich orthodox jewish town where kids dont attend public schools you see a 1.3 million dollar home with 8K school taxes.”
you should write a book, well have someone ghost-write it so we’re all able to actually read it
Cause in Jersey huge houses usually mean huge tax bills. In LI we get rich town like Lawrence where the orthodox jews all move to a single town like locusts and join the school boards and turn out in mass to vote down school budgets. Since they like huge homes for their 9 kids, they are both rich and cheap they target a small enough rich town like Lawrence buy majority of homes take control of school board and votes and drive down taxes.
Jersey people are not that smart. If Jersey folks were a bit smarter they should target a nice small town with high school taxes and get a mass of old folks, home schoolers, orthodox and people who never plan on buying kids to buy up the houses, join the school boards, vote no on budgets and in around 10 years that town will eventually force families out and the few that remain will send kids to yeshiva or parochial schools.
Lawrence 25 years ago was a nonortodox jewish town and the regular jews sent kids to public schools and school was one of the best in the entire nation and had a huge budget. The ortodox has run the schools into the ground. The remaining catholics for instance send their kids to parochial school much to the orthodox delight. All that is remaining is some poor kids and the orthodox other than paying for them to go to catholic school they are stuck. It is a free ham scenario
joyce says:
October 22, 2012 at 10:31 am
JJ: “They have huge houses that is why their taxes are huge.”
JJ: “Meanwhile in Lawarence NY a very rich orthodox jewish town where kids dont attend public schools you see a 1.3 million dollar home with 8K school taxes.”
you should write a book, well have someone ghost-write it so we’re all able to actually read it
Joyce [31];
Actually, JJ is right (stopped clock and all) about five towns. The Jewish majority population in those towns largely send their kids to Yeshiva, not public schools. Still they run for (and are elected to) the school board, and hold the line on school spending and resultant property taxes. Imagine that — politicians serving the interests of their constituents. It could be considered economic self-defense. I’m aware of no area in NJ that has a similar political dynamic with any demographic group.
[33] moose
Agreed. And there have been some acrimonious cases over this trend, small as it is.
Notable quotes from this weekend’s game:
“I never stop thinking about the Patriots.” Rex Ryan
“I’m going to keep this one.” Rob Ninkovich (with ball he recovered after Sanchez fumble).
To #33 Anon.
Well , I’ll tell you one – Englewood, NJ.
A few years ago. The conservatives Jews were aiming to do the same with Tenafly, and the locals stopped real hard.
Politics in Englewood is controlled from that ethnic perspective with conservative jews on top (old Englewood mayor, who became a US congressman and lost in the primary was Rothman), a few token blacks in the rest of the boards. Public schools are a disasters. Resident ship kids to yeshiva, catholic school or private nonreligious school.
LOL – joyce sees tax burden as personal, “I’m the only one who counts, why do I have such a heavy tax burden? It doesn’t matter how many people live in my house, I still have the same heavy burden.”
JJ is talking about the town’s tax burden of supplying necessary services with the taxes collected and that the biggest consumers of services don’t necessarily pay relative to their respective rate of consumption. He’s talking about the burden of supplying services. A senior citizen moves out, a family with 6 kids move in and now the town has the burden of 6 more kids in school but the revenue hasn’t moved accordingly.
Like JJ, my taxes are too low for the value of services received. Boston could quadruple my taxes and I wouldn’t move. I would still be ahead on what I’m getting versus what we’re paying.
joyce says:
October 22, 2012 at 9:42 am
The amount of people living in the home, nor that amount of services consumed, is no factor in the calculation of one’s property taxes in NJ.
8.JJ’s B.S says:
October 22, 2012 at 8:34 am
The size of your house does not cause tax burden, it is the amount of occupants and amount of services you require.
[35] redux
Mocking aside, Patriots Nation is not overjoyed over the win. Jets did a good job exploiting what continues to be a weak pass defense. We were luckier yesterday than in the AFC title game vs. Baltimore. Too bad for Ryan that Sanchez seems to mix up his K-Y and stickum.
[37] expat,
Only if your kids actually get into Latin.
Pats/Jets was a good game to watch. But it was a bit of train wreck in motion on both sides. Some team has to win. But a pats sloppy win like that over a team that cant even sell out its own games and is a bigger train wreck shows the Pats can be beaten 7 days a week by the NFC best teams.
JJ stop trying to justify it. Taxes over here are totally out of control. And huge houses don’t necesarrily mean huge tax bills. I live in a 1300 sqft POS cape in a crappy location and pay $6400. A year.
I was at my SIL’s housewarming (it’s a rental) and talking with her relatives from PA. I told them what I pay in taxes and they nearly spit their Yeunglings all over me.
The little junky 2br craftsman style home next to my SIL’s new rental is for sale. Out of curiosity I looked up the taxes. House is build in 1935, 900sqft, 2br 1bath…$4900/yr in taxes. That’s half what I paid in rent for my 2 br 900sqft apartment in Mt. Olive, NJ. Anything broke in that rental and the property manager was there to fix it that day. Only thing that sucked about my old apartment was the Indian family that moved in above me….they had 6 or more people living there at a time….I never got any sleep.
Nom [38];
All I ‘saw’ (actually heard game on the road) the first half was the Jets shooting themselves in the foot over and again. Mostly first half blunders, then their final drive in regulation — a TD on their last possession or even a single first down on that drive makes the difference.
Will not be a problem. Like me, they ace all tests, standardized and otherwise. Unlike me, they actually do their homework and have perfect grades. My youngest daughter lines up for the school bus with pencil in hand with the goal of having her homework done before she gets home. Also they go to a school where the top half of the 6th grade class goes to Latin every year and they are both at the very top of their 5th and 3rd grades right now. Barring unforeseen head injuries, I think we’re good.
[37] expat,
Only if your kids actually get into Latin.
$6,400 is dirt cheap. My taxes are dirt cheap at $8,500. I got three kids in public school, sewers, garbage pick up 3x a week, libraries, parks etc.
Parts of PA with no sidewalks, no sewers, crappy schools, no public water and no garbage pickup pays peanuts in taxes so what. Unless they got a top 100 highschool and cheap taxes it is not apples to apples.
Brian says:
October 22, 2012 at 11:23 am
JJ stop trying to justify it. Taxes over here are totally out of control. And huge houses don’t necesarrily mean huge tax bills. I live in a 1300 sqft POS cape in a crappy location and pay $6400. A year.
That is another Jersey thing School Busses. You should get rid of them. Big expense that adds no value.
The Original NJ ExPat says:
October 22, 2012 at 11:35 am
Will not be a problem. Like me, they ace all tests, standardized and otherwise. Unlike me, they actually do their homework and have perfect grades. My youngest daughter lines up for the school bus with pencil in hand with the goal of having her homework done before she gets home. Also they go to a school where the top half of the 6th grade class goes to Latin every year and they are both at the very top of their 5th and 3rd grades right now. Barring unforeseen head injuries, I think we’re good.
[46] JJ – Yep, big waste here too. My kids take the school bus just because they can, but it’s a giant waste of time and money. The school is 1 mile away and my wife could drive them there in 5 minutes but instead they wait outside (with my wife) for 15 minutes or more. Of the top of my head I think about $5K of $15k budget per student goes to transportation in Boston, what a waste. The other funny thing is that they call snow days for almost no reason in Boston. The reason is that most of the bus drivers are minorities who have to take public transportation to get to the bus yards and any hint of low temps or freezing precipitation and a large percentage call in sick, which cripples the School bus system.
That is another Jersey thing School Busses. You should get rid of them. Big expense that adds no value.
Kids could walk to school again if we could eliminate child molesters instead of trying to rehabilitate them. Another kid missing in NJ, who knows where she is? Hey, some therapy and put ’em back out on the street. These creepsters keep up their acts into the 70s’ and 80’s. Anyone out there own a wood chipper?
http://www.nj.com/gloucester-county/index.ssf/2012/10/search_for_12-year-old_autumn.html
Why we still have to pay for school busses.
http://www.youtube.com/watch?v=tG-AwQAvbRo&feature=related
pretty blonde 12 year old girl on a bike by herself is nuts.
Super high water and sewer bills in other parts of the country are stealth property taxes as well.
I know a guy in MD who says his water bills annually run in the thousands.
We don’t have them….our town is small enough that we don’t have to provide them. Some kids walk to school and some are dropped off and picked up by their parents.
As for the child molesters, we could easily eliminate them and deter the rest by punishing them more severely for their crimes. It should be manditory that if you are convicted, they cut off your b@lls with a butterknife.
46.JJ’s B.S says:
October 22, 2012 at 11:39 am
That is another Jersey thing School Busses. You should get rid of them. Big expense that adds no value.
I pay about $250 a quarter combined now. It used to be more. I replaced every single fixture and the toilet. It paid for itself in lowered water bills.
51.Grim says:
October 22, 2012 at 12:32 pm
Super high water and sewer bills in other parts of the country are stealth property taxes as well.
I know a guy in MD who says his water bills annually run in the thousands.
I just did a triple counter down on three houses. Sometimes when owners overprice homes we get close and then I start going down. One home I started at 360K owner at 440K I slowly went up to 390K she slowly went down to 409K and stopped and waited for my next offer which was 380K, which she countered at 390K, which I countered at 360K. I got her chasing me the other way.
Now I did a cool bid on this other home over weekend, double bid, two agents one house. Listing, online lowballs and in person bids slightly higher where I stopped bidding online got owner down 50K.
Hoping one of these owners hits the price. So far no.
Meh. It’s all coming to an end. Might as well pour a fruity drink and wait for the ultraviolence.
I hope both candidates shit the bed tonight.
51 – Emphasis on the “s”. He said his neighbor, who has elaborate landscaping, pays upwards of $500 a month in the summers.
I stopped going to white castle a few years ago and I saved even more on flushing
Brian says:
October 22, 2012 at 12:36 pm
I pay about $250 a quarter combined now. It used to be more. I replaced every single fixture and the toilet. It paid for itself in lowered water bills.
Latest CD rates. My favorite a CD that pays 1/10 0f 1%
Apple Bank for Savings, NY .10% 12/27/2012 .10%
Bank of Baroda, NY .30% 01/25/2013 .30%
Bank of China, NY .40% 04/30/2013 .40%
Safra National Bank, NY .45% 10/25/2013 .45%
Bank of India, NY .55% 10/30/2013 .55%
Bank of China, NY .55% 05/01/2014 .55%
GE Capital Bank, UT .75% 10/27/2014 .75%
Goldman Sach Bank USA, NY .95% 04/30/2015 .95%
GE Capital Bank, UT 1.05% 10/26/2015 1.05%
Goldman Sach Bank USA, NY 1.50% 10/31/2017 1.50%
Goldman Sach Bank USA, NY 2.00% 10/31/2019 2.00%
Goldman Sach Bank USA, NY 2.50% 10/31/2022 2.50%
Fake Heinz Ketchup manufactured in Dover, NJ
http://abcnews.go.com/Business/hundreds-counterfeit-heinz-ketchup-bottles-discovered-jersey/story?id=17511614
At least in China they fake cool stuff like iPhones.
Brian [58];
A 32 oz. bottle of “Simply Heinz Ketchup” and a 36 oz. bottle of Heinz Ketchup each have a suggested retail price of $2.99.
Not quite the Canal St. basement full of LV, but interesting. The thing about these busts is how rare they are.
In other Dover news saw two latin kings sporting negro y arroyo this morning on my way to work. Been going that way for over a year and was surprised it took me that long to see them.
I’m with clot bring on the oaky drinks and the ultraviolence. Fruity drinks are for well fruits. With the exception of wine but it is the only socially acceptable fruity drink.
Forget ketchup, have you heard of the international Clorox Bleach scam? Clorox manufactures bleach here but sells it in slightly different bottles overseas, but at much lower price points, whatever the market can bear. There have been cases where shell companies have set up in foreign countries to buy bleach, only to load it back onto boats and ship back to the US and then sold to bodegas and the like as Black Market bleach. I was incredulous that it was profitable to ship bleach twice across the ocean to make a bigger (but illegal) profit than buying it wholesale here. In this case, the consumer isn’t being scammed, they’re still buying genuine Clorox.
In Portland they ship lumber to China to be made into furniture and then back to Portland. US workers make so much money easier to ship to China and back the raw materials.
also clorax can only be sold at a price people can afford. In a country where people make 1/5 the USA of course it goes for less.
The Original NJ ExPat says:
October 22, 2012 at 4:22 pm
Forget ketchup, have you heard of the international Clorox Bleach scam? Clorox manufactures bleach here but sells it in slightly different bottles overseas, but at much lower price points, whatever the market can bear. There have been cases where shell companies have set up in foreign countries to buy bleach, only to load it back onto boats and ship back to the US and then sold to bodegas and the like as Black Market bleach. I was incredulous that it was profitable to ship bleach twice across the ocean to make a bigger (but illegal) profit than buying it wholesale here. In this case, the consumer isn’t being scammed, they’re still buying genuine Clorox.
US owns the most Gold in the world
And who says the great US Dollar is not backed by shiny
http://www.marketwatch.com/story/10-nations-that-control-the-worlds-gold-2012-10-20
The Federal Reserve and the Federal Government and people who know what they’re talking about say the Dollar is not backed by gold.
That’s who
ExPat [61];
Called “Grey Market”. Ever buy film (an obsolete example now, I know) or batteries with Korean or Farsi text in some small out-of-the-way shop or dollar store? There you have it.
[62] I know a guy who had to leave China because his job was too dangerous. He was an import inspector. As with the wood coming in from Portland, China is very welcoming of any unfinished goods and highly protective,with high barriers and protectionist taxes on finished goods entering the country. The reason this guy’s job was so dangerous was because he was always being pressured by Chinese Mafia types to let finished goods in the country as unfinished goods. So the Mafia is offering him the “Choose the gold or the lead” and if the government found out they would give him the lead too. He was able to get out instead.
JJ [62];
In Portland they ship lumber to China to be made into furniture and then back to Portland. US workers make so much money easier to ship to China and back the raw materials.
That’s funny, because I remember what the public schools used to teach about 18th century colonialism — the mother country took over a backwards place, stripped it for natural resources on the cheap that were shipped back to the homeland, and sold manufactured goods back in. Does this mean we’re now a colony of China, without the occupation and puppet government?
[65] Thanks Moose. “Grey Market ” was the search term I needed to find the Clorox story:
http://www.jpost.com/Business/BusinessFeatures/Article.aspx?id=138876
[67]What do you mean, no puppets? We’ll be watching two of them this evening.
That’s funny, because I remember what the public schools used to teach about 18th century colonialism — the mother country took over a backwards place, stripped it for natural resources on the cheap that were shipped back to the homeland, and sold manufactured goods back in. Does this mean we’re now a colony of China, without the occupation and puppet government?
which is why thomsville does the “staining” and final details in North Carolina. Raw woods shipped to China, made into furniture, then back to NC where it is stained, perhaps carve a design and put on the handles. The off to the ware house in Jersey where rent is shipped and then when ordered sent to the guys apt in Manhattan.
The Original NJ ExPat says:
October 22, 2012 at 4:45 pm
[62] I know a guy who had to leave China because his job was too dangerous. He was an import inspector. As with the wood coming in from Portland, China is very welcoming of any unfinished goods and highly protective,with high barriers and protectionist taxes on finished goods entering the country. The reason this guy’s job was so dangerous was because he was always being pressured by Chinese Mafia types to let finished goods in the country as unfinished goods. So the Mafia is offering him the “Choose the gold or the lead” and if the government found out they would give him the lead too. He was able to get out instead.
Rex can fix blunders and miscues. Pats have a London game and big holes in defense. I’m not optimistic about our chances, especially against a resurgent NFC.
So long as no NJ teams get in, I’m okay with it though.
[69] expat,
Post of the Day.
joyce (64)-
Retard yome doesn’t undrstand that the Fed & Treasury have been engaged in a gold price suppression/shorting scheme.
In fiat we trust. Until it fails.
yome, read up on JPM, GS gold leasing (as in, lending to short). Then, come back and tell us about our gold-backed dollar.
Hell, just read up on Breton Woods.
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This debate is awful.
—————-
Libertarians are not corporate apologists
http://communities.washingtontimes.com/neighborhood/reawakening-liberty/2012/oct/22/libertarians-are-not-corporate-apologists/
These idiots cannot even answer the questions, they are like robots, parroting phrases they have rehearsed. Oh and they can’t stay on topic and Obama thinks the Iran/Iraq war was 20 years ago.
jcer
Yup, the repetition of same lines over and over again is unbearable. It’s like when the say the first few words in sentence, their robotic innerds take over and finish the sentence with the cued up talking point.
It’s all over, Joyce. Pour a drink and get ready for the shitshow.
Any real person of character or leadership who aspires to office (as if) will be crushed by the machine. All politics is now the province of lowlifes and sociopaths.
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Query: Grim’s the one with the newborn at home, so why am I up reading blogs at 2AM. I do feel bad for grim in one way though: when I had a newborn at home it was that brief window in time when one could play internet poker day or night. Baby in left arm, mouse in right hand, since I had to be up anyway, click your way to riches.
moose (85)-
You are a blood-guzzling vampire.
“…so why am I up reading blogs at 2AM.”
Money [88];
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