From the Star Ledger:
Brooklynites planting roots in the Garden State
It’s almost like a dating service for people looking for a home. It starts with answering an involved questionnaire that poses the usual questions, such as how many bedrooms and bathrooms are you looking for.
But then it gets a bit more personal: Where did you grow up? What did you love-hate about it? What’s your work schedule like? How do you spend your summers? What type of commute do you prefer — train, boat, bus, car?It’s a holistic approach to house shopping for people who want to leave the big city hassles, but not the city experience. It’s for folks who want to live in a neighborhood where the barista knows their name.
James and Samantha Cordon filled out the questionaire by Suburban Jungle Realty Group, a Manhattan-based real estate brokerage geared exclusively to helping New York City dwellers adjust to a move to the ’burbs.
According to U.S. Census Bureau data, about 41,450 New Yorkers crossed the Hudson River to plant their roots in the Garden State in 2011.
The Cordons were among the 2012 crop of transplants. They lived in the Park Slope section of Brooklyn for 10 years. He’s originally from Minnesota, and she grew up in Randolph. They met in college at Colgate University, found jobs in Manhattan, married and moved to Brooklyn.
“It was a great neighborhood,” James Cordon said. “It had old brownstones, great restaurants, great bars, great everything.”
But then along came their daughter, “and as soon as she started to walk,” he said, “we felt the walls collapse on us. It was a space issue.”
Alison Bernstein, founder of Suburban Jungle Realty Group, said a significant portion of her business comes from Brooklyn, the once-trendy but now almost-as-pricey alternative to Manhattan.
“We work with a significant number of Brooklyn buyers,” she said, “and typically what I hear is, ‘I don’t want to be in the suburbs, I want a Brooklyn-y type environment.’ ”
She points them north to Connecticut, east to Long Island, and west toward New Jersey.
“New Jersey is always very popular with us,” she said, mentioning towns like Montclair and Cedar Grove that have a chic feel and easy access into Manhattan.
The Cordons found their home in Glen Ridge and moved from a “great”-but-cramped condo into a six-bedroom house with a fenced-in yard.
“We loved Park Slope,” said Cordon, a financial adviser with Morgan Stanley, “but we also loved Glen Ridge because it had a nice urban vibe that hearkened back to Brooklyn.”
From NJ Spotlight:
Interactive Map: Average Home-Sale Prices in NJ
Good Morning New Jersey
Could be worse, we could be California. From Bloomberg:
Strategies for the Spring Housing Scrum
It all seems so quaint now: the casual walk-throughs, the drives to check out the neighborhood, the luxury of sleeping on the largest financial decision you’ll likely ever make. Trying to buy a home now feels more like being thrust into the trading pit at the Chicago Mercantile Exchange — the frenzied bidding, the need for lightning-fast decisions, the packs of sharp-elbowed competitors.
In one fraught situation, a home near Union Station in Washington, D.C., drew 168 offers in December and sold for almost twice the asking price. In the tonier neighborhoods of Los Angeles, 20 bids per house is not uncommon, according to real estate agent David Kean. And the speed of deals can be intense. “In the middle of a snowstorm we have seen houses sell in one day,” says Sam Schneiderman, owner/broker at the Greater Boston Home Team agency. “At open houses on million-dollar homes you are literally bumping into people, it’s that crowded.”
Sheep being led to slaughter. Hurry; bring your checkbook.
No one will be spared.
Cheval Tartare, anyone?
“Even as the blissfully unaware people of one nation after another have learned much to their disgust that over the past however many years they had been consuming horseburgers, horse lasagna and maybe even Kentucky Fried Horse, in France the local chefs are wondering: what’s the big deal? As BBC reports, “horse has long been enjoyed in some European countries. In Paris, fashionable chefs have actually been putting it back on their menus. So will more diners now be jumping for the horse tartare?” The French reality is that while horsemeat consumption has been declining and accounts for “just” 0.4% of all meat eaten, there are still 750 horse-butchers operating in the country, 17% of the population claim to have eaten horse at some time or another, and about 11,000 farmers continue to raise horses for the meat trade. But that may be about to change: the horsemeat renaissance is coming to a bistro near you.”
http://www.zerohedge.com/news/2013-03-04/france-horse-tartare-and-carpaccio-are-galloping-menu-near-you
The only reason eating horse has gotten the senstionalistic play it has, is because Americans have been brainwashed as to where food really comes from.
Meat has been disconnected from the animal entirely by ensuring the kind of consistent color and texture more associated with processed food. Hell, even Pork has been bred to be more “chicken like” to ensure public acceptance. Packaging, marketing, everything is intended to turn chicken the food, into something very different from chicken the animal.
You think it’s any coincidence that the meats that have been made “culturally acceptable” are also the same meats that the factory farms want to sell? It’s OK to eat this one, but not OK to eat that one.
Any time the linkage can be tracked back to the actual animal, it’s shocking to us. Very few people seem to have any problem tossing a burger or dog onto the grill in the Summer, but they’d probably vomit if they saw an animal being butchered.
If the FDA says -Shit- and -Insects- are acceptable ingredients in ground beef, why not a little horse?
Besides, Eddie Borysewicz, one of the top cycling coaches in history (US Olympic team 9 medal streak in 1984) routinely advocated that competitive athletes eat horse meat. Maybe Lance wouldn’t have needed to dope if he had himself a weekly sea
biscuitburger. Eddie’s logic as because horses were fast, by association the consumer would also be fast. Probably had more to do with the horses being pumped full of Winstrol and Equipoise. (In defense of Lance, members of the ’84 team doped as well, at Eddie’s suggestion.)Spending is at 30 year low
http://www.cepr.net/index.php/blogs/beat-the-press/republicans-are-not-telling-the-truth-when-they-say-that-government-spending-is-out-of-control
Clot
Down Periscope, the good ship Toon is diving for the lower divisions.
You must be really enjoying the true misery of the march to relegation.
From the Record:
North Jersey towns consider farming out jobs; weigh savings vs. control
Faced with stringent budget cuts and rising health care and pension costs, a growing number of towns, including Mahwah and Allendale, are on the verge of turning longtime public services over to the private sector.
Many North Jersey towns have already made the move, with janitorial services, garbage and recycling pickup and snow plowing among the more popular services farmed out to contractors. Discussion of privatization is normally controversial, with critics claiming it puts people out of work and takes the service out of a town’s control.
A Mahwah proposal to outsource recycling was met with resistance last summer, but the Township Council — grappling with a possible 4.9 percent tax increase — will discuss the issue this week. And Allendale, which has used a private garbage hauler for nearly a decade, now plans to privatize the operation of its water utility.
“Years ago it was easy, you raised taxes,” Mahwah Mayor Bill Laforet said. “Today that’s no longer a luxury. People on the council … now are being asked to make choices that affect people’s lives. Not because they want to, because they have to.”
School districts, too, are looking for ways to save. Last summer, the Englewood Board of Education outsourced the jobs of more than 100 secretaries and professional assistants after months of heated protests.
The savings from privatization, officials say, come from eliminating salaries and health care and pension expenses. In some cases, towns can also sell off equipment — or avoid making future capital investments.
Nice. Trending downwards. Perfect year to grieve the taxes.
1.grim says:
March 4, 2013 at 5:25 am
From NJ Spotlight:
Interactive Map: Average Home-Sale Prices in NJ
yome
http://en.wikipedia.org/wiki/File:USDebt.png
From the Record:
Home buildling in NJ: “Best start since 2007”
Home building in New Jersey has gotten off to a strong start this year, continuing the recovery that began in 2012.
Builders got approvals for 1,752 units in New Jersey in January, up 84 percent from 950 in January 2012, according to the U.S. Census Bureau.
“It was the best start of any year since 2007,” said Patrick O’Keefe, an economist with CohnReznick, an accounting firm with an office in Roseland.
Some of the permits are for construction to replace homes destroyed by superstorm Sandy, but much of the activity reflects a continued slow recovery from the worst housing bust since World War II, O’Keefe said. Even with the increases, however, home construction this year is expected to remain below long-term averages, both in the state and nationwide.
More than 60 percent of New Jersey’s January permits were for multi-family projects, which have accounted for a growing share of new construction in the state for several years. Rental apartments are especially popular with builders, because of increased demand from households that can’t qualify for mortgages or don’t want to commit to buying a home.
Young adults, O’Keefe said, “want to retain some degree of mobility until they’ve established their careers, because of the uncertainty of the labor markets.”
The shift toward multi-family construction is likely to change the character of many neighborhoods in the Garden State, long dominated by suburban, single-family construction.
Tim Evans, head of research for the land-use group New Jersey Future, said that while some towns resist dense development, it can be attractive. “You can build stores and things people can walk to, and people like it,” he said, pointing to redevelopment in places like downtown Princeton.
http://www.njspotlight.com/stories/13/03/04/foreclosure-numbers-paint-bleak-picture-of-garden-state/
Hurry, spring is here. Rush to your local realtor office and bring your checkbook
Putting a bid in today on an investment condo.
Have a question. Only recent comp I have is of a duplex of around same exact size in complex.
Main difference. Is unit that sold Has no deck patio. This unit has a 5×12 covered patio on first level then on second level off master is another 5×13 deck this one uncovered. So you get the the two decks with room to put chairs and a bbq
So how much extra do you think the patio/deck makes unit worth. This unit is a block from beach. My wife feels it makes a difference on a summer rental.
Which is a better measure? Debt to GDP or the amount in trillions. 2 graphs shows same number except one shows I make this much
12 nomad
That is outdated. Debt started decreasing after 2010
Obama explains devastating sequester cuts.
http://www.huffingtonpost.com/2013/03/03/snl-obama-explains-how-sequester-will-affect-job-cuts_n_2801566.html
Current
http://en.m.wikipedia.org/wiki/File:CBO_-_Revenues_and_Outlays_as_percent_GDP.png
What does it cost to have a contractor install a similar sized deck or patio in that area? I know you can’t do this in a condo but I think that’s a good number to start with.
Just for argument’s sake, say you owned the unit, and you could insall a deck and you did. If you wanted to recoup the costs of the installation in a sale of the unit, what would you expect to get….85% of the cost of construction maybe?
15.JJ says:
March 4, 2013 at 8:23 am
Putting a bid in today on an investment condo.
Have a question. Only recent comp I have is of a duplex of around same exact size in complex.
Main difference. Is unit that sold Has no deck patio. This unit has a 5×12 covered patio on first level then on second level off master is another 5×13 deck this one uncovered. So you get the the two decks with room to put chairs and a bbq
So how much extra do you think the patio/deck makes unit worth. This unit is a block from beach. My wife feels it makes a difference on a summer rental.
NYC people at my wife’s office were traumatized when on a trip to China, they saw both fish and chicken’s head accompanying the course. This weekend, in NYC, I had one of my favorite dishes of spicy sliced tripe and tongue, but didn’t happen to order one of the many dishes with duck’s tongue or pig’s blood. People would be much healthier if they ate this stuff instead of cheerios.
By the numbers
Some entitlements like ss still produces surplus. I dont know why they are counted as spending when they have their own trust fund and can not spend more than what is in the trust
http://www.heritage.org/research/reports/2012/10/federal-spending-by-the-numbers-2012
You cant install one. What the issue is that as soon as you walk out door of other unit you have cement steps right down. The property is common area parking. Plus the other unit has parking right in front. No room to expand as cars are parked right up to it.
Other weird thing on older condos Maint (cc) is all the same on every unit. So insult to injury the unit with out a patio and a balcony pays the same.
I actually saw last week this condo place call Lido Beach Towne House. Pretty cool. Oceanfront Condos, all have 23 foot long balconyes except lower units. But as an older condo maint/cc is the same. That place pays like $450 a month maint. But check this out, a junior 4 with a view of parking lot pays same cc/maint as a three bedroom, two bath oceanfront unit. In a coop the crappier units often sell somewhat easy as maint is very low. For instance my old coop had no parking spot, no terrace and was a lower unit. But I had cheap maint and it was in a great neighborhood.
Condos are a little crazy that rule. I would be pissed in my old coop if I was paying same maint as the three bedroom next door to me with parking. It was double my square foootage.
Brian says:
March 4, 2013 at 8:40 am
What does it cost to have a contractor install a similar sized deck or patio in that area? I know you can’t do this in a condo but I think that’s a good number to start with.
Just for argument’s sake, say you owned the unit, and you could insall a deck and you did. If you wanted to recoup the costs of the installation in a sale of the unit, what would you expect to get….85% of the cost of construction maybe?
I saw the Star Ledger article above yesterday and I’m still scratching my head about it…… People move from Brooklyn to Glen Ridge because it reminds them of a Brooklyn-type environment??????
Ragnar, agreed and it is the main reason Euro’s tend to be much healthier. Lack of the processed American diet. Christ we eat so much game in our house I get upset when I have to go out and buy a steak.
considering the main article Park Slope to Montclair would be like moving from Communist Poland to Yugoslavia.
Regarding that map in the first comment, I just looked up the 2012 sales in Far Hills and the number on the map ($352k) is way, way, way off. Unless they’re including the $1 transfers between family members–which would make it useless.
[22] yome
“Some entitlements like ss still produces surplus. I dont know why they are counted as spending when they have their own trust fund and can not spend more than what is in the trust”
Can I send this to the White House? They are looking for a deputy press secretary. I think you’d be perfect.
I understand that. But you asked how to quantify the value of one unit with deck vs. one without. Best way to figure that out that I could think of would be to estimate cost to install the deck in your area then add 85% of that cost to price of the unit.
23.JJ says:
March 4, 2013 at 8:54 am
You cant install one.
Nom.
Entitlements have their individual tax funding which goes to their individual trust and payments comes from there.
Descretionary spending on the other hand comes from federal tax, thisbisbwhere the budgetting really comes in play. I never heard ss is short and the trust needs to borrow from the fed. Neither medicare.
RealtyTrac, an Irvine, Calif., real-estate data firm, finds that the New York City/Northern New Jersey metropolitan area has a 97-month inventory of foreclosed properties. That is how long it would take them to be resold at the current pace, and is the biggest backlog in the nation.
This is what they’re telling you. Now count those hanging by threads. We went to 4 open houses yesterday from Little Falls to River Vale. That’s a big stretch. The listings section in the Bergen Record is shrinking every Sunday at a time of year when it should be growing. Sell? How can you sell when you’re not a qualified seller?
27 nom
Or are you questioning ss surplus? With interest paid into ss they still had surplus though money collected from payroll was short
[29] yome,
The fact that SS is “solvent” today is not the issue.
This reminds me of the old joke about the guy who falls off a 100 story building, and as he passes the 50th floor, a co-worker yells out “so far, you are all right.”
Or, as we used to say in skydiving circles, it isn’t the fall that kills you; it’s the sudden stop at the end.
So focusing on present solvency means you are either trying to deflect or you really don’t get it. I’d like to believe it isn’t the latter but the question was begged.
Random Weird Thought of the Day:
Hindsight it 20-20, but I really wish that the SS surplus had been invested in Shiny all those years ago.
Nom
I believe you. The fact that ss can only spend what is in the trust fund should not worry anybody. If it can only make 1 dollar payment in the future, I am sure will not happen, CBO projected it can make 75 percent after 2030 so be it.
I saw online 1-3% extra. But I think it is alot more on a summer rental. Down in Long Beach for instance, people rent condos out for summer. Sure they are all on top of beach, sure they all have some common area. But a little patio of your own with a bbq and chairs is priceless in a summer rental if you have young kids.
I know in Manhattan/Queens balconies etc are mainly storage, My coop was on an extremely busy road. Balconies had bikes and junk on them and were used by smokers. But I am guessing I will go with the higher figure. Now the odd part this unit has two of them!!. Actually rarely ever seen one with two balconies, first one five feet higher second one 15 feet high. So maybe I will go with 5% more.
Brian says:
March 4, 2013 at 9:13 am
I understand that. But you asked how to quantify the value of one unit with deck vs. one without. Best way to figure that out that I could think of would be to estimate cost to install the deck in your area then add 85% of that cost to price of the unit.
[13] grim,
“Young adults, O’Keefe said, “want to retain some degree of mobility until they’ve established their careers, because of the uncertainty of the labor markets.”’
I would posit that this was always more or less the case. Now you are starting to see creep up the age ladder where even those who are “established” don’t want to be locked into a particular geography if their career opportunities could take them across the country or even overseas. For our part, in the last 15 years, we moved from NH to DC, to Philly, to NJ, to SEPA, and we aren’t necessarily done.
You cannot even say it was ‘invested’ in Treasuries. It was stolen or, to be nicer, used as by another govt dept which was in deficit. If it was ‘truly’ invested in US Treasuries, you’d be able to find out their coupon, their maturies date, their CUSIP, etc … but no, they were “invested” into a new creation known as special govt bonds which just happen to be non-marketable…
33.Comrade Nom Deplume, Scungilli Chef Extraordinaire says:
March 4, 2013 at 9:26 am
I really wish that the SS surplus had been invested in Shiny all those years ago.
Yome – you are going to need to up your game or find a different sandbox.
SS is a government sanctioned PONZI. It is literally a filing cabinet stuffed with IOUs. Here is a link to old story from 2005. How soon people forget the last POTUS declared to everyone it was a PONZI, and now it is an insovlent PONZI.
What happens when a PONZI runs out of new money to pay the old debts?
“PARKERSBURG, W.Va. — President Bush on Tuesday used a four-drawer filing cabinet stuffed with paper representing government IOUs that he said symbolized the Social Security trust fund’s bleak outlook for meeting Americans’ future retirement needs.
“A lot of people in America think there is a trust — that we take your money in payroll taxes and then we hold it for you and then when you retire, we give it back to you,” Bush said in a speech at the University of West Virginia at Parkersburg.
“But that’s not the way it works,” Bush said. “There is no trust ‘fund’ — just IOUs that I saw firsthand,” Bush said.
http://www.nbcnews.com/id/7393649/ns/politics/t/bush-social-security-trust-fund-just-ious/#.UTSunDeVAwA
Do you have school age kids? If so, how do they feel about moving around all of the time?
36.Comrade Nom Deplume, Scungilli Chef Extraordinaire says:
March 4, 2013 at 9:31 am
[13] grim,
“Young adults, O’Keefe said, “want to retain some degree of mobility until they’ve established their careers, because of the uncertainty of the labor markets.”’
I would posit that this was always more or less the case. Now you are starting to see creep up the age ladder where even those who are “established” don’t want to be locked into a particular geography if their career opportunities could take them across the country or even overseas. For our part, in the last 15 years, we moved from NH to DC, to Philly, to NJ, to SEPA, and we aren’t necessarily done.
39 – Ding ding, probably the major factor involved. To some extent private school enables some local geography flexibility, but not much.
I’ve seen some folks try to time this with major jumps, grammar to middle, middle to high, but that kind of timing doesn’t lend itself to job flexibility at all, and in most cases is really just to get the kid in a better school district with the least amount of disruption.
#38
juice
Trustee Report
http://www.socialsecurity.gov/OACT/TRSUM/tr12summary.pdf
Last summer, the Englewood Board of Education outsourced the jobs of more than 100 secretaries and professional assistants after months of heated protests.
Secretaries? My secretaries are named Word, Excel, PPT, etc.. I think you get it. Why do they need them in the first place?
Park Slope. My son is living there now as he is doing his medical school rounds nearby. Not a shabby place. He likes it as everything is nearby and it is Manhattan like. Perhaps a par with Central Park area. Very nice. His fiancee doesn’t care for it, though.
From Trustee Report
Social Security’s expenditures exceeded non-interest income in 2010 and
2011, the first such occurrences since 1983, and the Trustees estimate that
these expenditures will remain greater than non-interest income throughout
the 75-year projection period. The deficit of non-interest income relative
to expenditures was about $49 billion in 2010 and $45 billion in
2011, and the Trustees project that it will average about $66 billion
between 2012 and 2018 before rising steeply as the economy slows after
the recovery is complete and the number of beneficiaries continues to
grow at a substantially faster rate than the number of covered workers.
Redemption of trust fund assets from the General Fund of the Treasury
will provide the resources needed to offset the annual cash-flow deficits.
Since these redemptions will be less than interest earnings through 2020,
nominal trust fund balances will continue to grow. The trust fund ratio,
which indicates the number of years of program cost that could be
financed solely with current trust fund reserves, peaked in 2008, declined
through 2011, and is expected to decline further in future years. After
2020, Treasury will redeem trust fund assets in amounts that exceed interest
earnings until exhaustion of trust fund reserves in 2033, three years
earlier than projected last year. Thereafter, tax income would be sufficient
to pay only about three-quarters of scheduled benefits through 2086.
JJ – any way for a non-institutional investor to get their hands on 13F info that is either real time or less than say 2 weeks old?
Yome – entitlements on your chart show they consume 62% of fed budget and if you look at the numbers extrapolated from CBO, they skyrocket. It’s not sustainable – no if, ands or buts about it. We could keep spending for a few more years but there comes a time when you go beyond the point of no return and it’s over and frankly, no one really knows where that point is. Plus, if interest rates start to jump, or when they start to jump, what are you going to do if the economy does not have corresponding growth. Father time is still our friend but he’s not as young or strong as he used to be so it best not to load his backpack up with too much stuff.
No clue I would never attempt to get anything early as I like working for a living.
Nomad says:
March 4, 2013 at 10:30 am
JJ – any way for a non-institutional investor to get their hands on 13F info that is either real time or less than say 2 weeks old?
Nomad
Entitlements have their individual tax funding which goes to their individual trust and payments comes from there.It should not be included with the Fed budget.
Descretionary spending on the other hand comes from federal tax, this is where the Federal budgetting really comes in play. I never heard ss is short and the trust needs to borrow from the fed. Neither medicare.
I dont include my wife sunshine club or our 401k in our budgeting.
SS is entirely sustainable … under the right conditions.
Just wait, you’ll see. I’ll make a suggestion in the interim though, don’t bank on ever getting a check if you actually have some retirement savings and are not retiring as a destitute pauper. From a planning perspective, I don’t take it into account at all, if it’s there, gravy, but I doubt it will be. All you folks with a fat 401k – Don’t assume that your SS eligibility wouldn’t be put through some kind of means test to check your retirement ‘affordability’. You are rich, no SS for you.
Entitlements may not be sustainable in the future but does not change the fact,It can only spend what is in the Trust. If they can or not pay future benefits is not the problem of the Fed.
Just like State Unemployment run out,they had to borrow money from the Fed.Same will happen for entitlements.
Grim’s sales data has shown inventory is down because buyers are making moves, not because there are few sellers. As mentioned before, in the NY Metro region it is very easy for dual incomes to afford housing up to $600K (3 x gross income rule: 3 x $200K income = $600K house).
“The listings section in the Bergen Record is shrinking every Sunday at a time of year when it should be growing. Sell? How can you sell when you’re not a qualified seller?”
#49…as a pay as you go fund, there should always be some money for SS. Interestingly enough, I have started reading that most of the “new” means testing that is being put in place for Medicaid is income based rather than asset based…which is totally opposite from what I had expected. Perhaps others closer to this can confirm.
I dont think asset based tax at federal level is legal. Part of reason we split from England.
For instance with FEMA/NYS/Robin Hood Sandy Grants etc., it was all income based. So one having 350K income with zero assets could get no money while someone with 3.5 million in assets with zero income would get a boat load of aid.
1987 Condo Buyer says:
March 4, 2013 at 11:04 am
#49…as a pay as you go fund, there should always be some money for SS. Interestingly enough, I have started reading that most of the “new” means testing that is being put in place for Medicaid is income based rather than asset based…which is totally opposite from what I had expected. Perhaps others closer to this can confirm.
Statler [51],
Sure, it’s different here. And besides, it’s very competitve. Oh, and we’re insulated. And don’t forget the multiple bids over asking. Is that why I haven’t had a scheduled appointment to see a house in a month? Everything is an estate sale that needs to be gutted and those that need to sell without a choice. Please, spare me. It’s beyond scary and every house tour guide I talk to agrees that there’s no inventory because people are underwater without a pot to p1ss in.
And everyone has 200K income on top of the property taxes on top of day care on top of food, gas, insurance, cable, cell and house phones and enough in reserve to pay for the furnance and A/C unit that’s on the brink. Save your story for the rookies.
#49, #53 has a long term saver, Grim’s concern is my major concern as well. But I think it will be very hard not to give us our SS, it is relatively easy to fix for 75 years by adjusting age and/or including all income as SS taxable like medicare is. Plus, not to split hairs, but a Ponzi scheme fails because it runs out of money..the US will always be able to print and provide the nominal amounts required to participants. What that buys is another story.
JJ [53];
I dont think asset based tax at federal level is legal.
I can’t believe that. Medicaid basically requires the recipient to go broke before stepping in to pay for long-term care, and has a five-year lookback for transfers of assets. Hence, gaming the system is big business.
[53] Works the same way for college aid. Park yourself in the right assets (Primary Residence, Retirement Accounts, Physical PM) and get your (non self-employed) income down to zero or something reasonable and you should be in good shape. If the college landscape is the same in 7 years as it is now I’ll be retired. 6 years later I may come out of retirement, but that depends on grad school maybe?
For instance with FEMA/NYS/Robin Hood Sandy Grants etc., it was all income based. So one having 350K income with zero assets could get no money while someone with 3.5 million in assets with zero income would get a boat load of aid.
’87 condo – Spot on. In the very late 60’s there were a ton of recently retired Americans who thought their golden years were set at pensions of $8-$12K per year. Then Nixon closed the gold window and they went to work at McDonald’s by the mid 70’s. I know, because as a teenager I worked at McDonald’s with them. They never could have predicted their golden years wouldn’t be backed by gold, but they (nominally) collected their promised pensions.
the US will always be able to print and provide the nominal amounts required to participants.
#56, Read down to “no asset/resource limits”
How does the Affordable Care Act affect eligibility for Medicaid?
•Creates a new Medicaid group – Newly Eligible Individuals age 19 up to 65 who: ◦Have income below 138% FPL
◦Meet citizenship requirements
◦Are not incarcerated
◦Are not entitled to Medicare
•Changes to income and deductions for existing Medicaid groups: ◦Children
◦Pregnant Women
◦Families (Parents/Caretaker Relatives)
•Modified Adjusted Gross Income (MAGI) methodology used for income calculation is the IRS ◦Countable income
◦Income deductions
•Additional methods for determining income and deductions ◦Household composition – mirrors federal income tax filing rules
◦No asset/resource limits
◦12 month certification periods
•Simplified application and renewal process for: ◦Medicaid
◦Children’s Health Insurance Program (CHIP)
◦Health Benefit Exchange
•The following groups will not have any changes in eligibility for Medicaid: ◦Aged, Blind or Disabled individuals
◦Foster Care children
◦SSI cash recipients
http://www.hca.wa.gov/hcr/me
Not always true. my neighbor growing up retired from Sperry, which late became Unisys. She retired in the 1950s. Died a very old women in the year 1996.
She had a pension with a COLA element. Her final pension was 4x her last annual salary. It almost bk’d Sperry but they never did go bk. If she was alive today Unisys would still be paying her pension a 1953 salary adjusted to 2013 prices.
After the 1970s inflation no company in their right mind would ever offer a COLA pension. By now those companies that did it are BK or most of retirees from the 1970s are long dead. My old neighbor would be almost 107 if still alive.
The Original NJ ExPat says:
March 4, 2013 at 11:35 am
’87 condo – Spot on. In the very late 60′s there were a ton of recently retired Americans who thought their golden years were set at pensions of $8-$12K per year. Then Nixon closed the gold window and they went to work at McDonald’s by the mid 70′s. I know, because as a teenager I worked at McDonald’s with them. They never could have predicted their golden years wouldn’t be backed by gold, but they (nominally) collected their promised pensions.
the US will always be able to print and provide the nominal amounts required to participants.
[1] grim – Really like that interactive map, it’s my plaything for the day. What happened to Prospect Park? Historically it was a buffer between Paterson and Haledon/N Haledon, but now it’s RE is harder hit than either? I think it had been predominantly Dutch.
“Save your story for the rookies.”
It’s no “story” that 200K household incomes in this area are commonplace. There’s no doubt that houses such people purchase need work, that’s why you’ll see a dumpster sitting in the driveway soon after closing.
If you have considerable savings, you will find your dollar goes much further once you get past the $600,000 price range. See what’s out there in the $800K range.
200K household income is a blue collar town. I would say must hubbies make 250K in good towns and wifes income is gravy.
200K income and buying a 800K house is riding a bike to train station in morning and digging through garbage cans for tin can along the way
Statler Waldorf says:
March 4, 2013 at 12:02 pm
“Save your story for the rookies.”
It’s no “story” that 200K household incomes in this area are commonplace. There’s no doubt that houses such people purchase need work, that’s why you’ll see a dumpster sitting in the driveway soon after closing.
JJ – I said “recently retired in the very late 60’s”. I meant people who retired in 1967-70 with a lot of years left to live on a fixed pension.
Not always true. my neighbor growing up retired from Sperry, which late became Unisys. She retired in the 1950s. Died a very old women in the year 1996.
County: CAMDEN
Municipality: CAMDEN CITY
Average residential sales price
2012: $58,577
2011: $63,010
2010: $42,067
2009: $44,082
2008: $53,123
Change 2011-2012: -7.0%
Change 2008-2012: 10.3%
The market’s on fire in Camden! Literally.
If you have considerable savings…
And if Heidi Klum would only return my call. Sure, after plunking down $120,000 for the hunk of sh1t, let us just go to the back-up pile of cash and sink in another $100,000 just to eliminate the smell. But let’s not dig into the other $100,000 pile, we’ll hold on to that one. Of course, this was all the money saved after the college debt was paid off. Oh well, I guess we can raise interest rates, everyone’s wealthy again.
I know, my neighbor who retired back then was very lucky to have a COLA pension. Fixed pensions were a nightmare. Cops and Firemen who retired in 1970 were actually living off peanuts come 1990. Cops who retired after 9/11 on a fixed income are still living like kings.
Some firms/unions had also a cola portion to raises in the contract and it killed towns etc in the 1970s when cops and teachers COLAs let to massive unintended raises.
cost of living adjustment
The Original NJ ExPat says:
March 4, 2013 at 12:13 pm
JJ – I said “recently retired in the very late 60′s”. I meant people who retired in 1967-70 with a lot of years left to live on a fixed pension.
Not always true. my neighbor growing up retired from Sperry, which late became Unisys. She retired in the 1950s. Died a very old women in the year 1996.
JJ – Not so. You can still get a pension adjusted for COLA.
My Dad’s pension which now supports my mom has and automatic COLA equal to 75 percent of the change in the CPI, with a maximum of 3 percent in any given year. This year it is 1.3%. She has been collecting it since 1992, and it has increased about 65%.
Not quite keeping up with inflation but she does not have to eat cat food and just came back from a nice cruise and will be vacationing again soon.
Grim, did you see the bill A3659 in the state legislature? Analysts of the bill are saying that it effectively bans all rifle barreled shotguns in the state making their posession illegal because it defines shotguns as “smooth bore” weapons.
I think rifle barreled shotguns are fairly popular guns aren’t they?
OK, folks place I am bidding on today. Wife wants and sell motivated. So I think it will work.
Sale price 1-2002 is 279k. Wife wants it for 305k. Realtor told me owner put down 40% in 2002, paid 11 years of mortgage and has lots of equity. He already bought new place, and never intends to return to unit. He is not living there. He put it up for sale two days before Sandy. So it is empty since October 2012.
He has to sell, or get it ready to rent in next few weeks. Owner is 81 and his wife is 79, told realtor last resort is to rent as his wife is in better health and he does not want to stick her with dealing with a rental property and sale after his death.
He currently owns a condo in Florida for winter and just rented a really nice apartment right next to their kids. Told realtor, wants to get rid of unit and live wife near kids in maint free place and only one unit to sell, the small condo in Florida.
BTW do the sellers agent normally tell you this much? But I did tell her since she is buyers/sellers agent she has a fiduciary responsibility to give me info to make an educated bid. I also told her I understand you also have a fidicuary responsiblity to seller to get the most and not tell me what is the least they would take. But I still need info to bid.
Do agents actually adhere to the rules. Last place I bought was from the sellers real estate person. He was a complete jerk, annoyed realtor and she was very nice to us.
Brian especially since we are not allowed to hunt with rifles. By the wasy my .50 cal muzzleloader is a weapon of mass destruction according to that bill as well.
Retirement funds will be forced into investing in US treasuries. The bill has already been written. Just need the right crisis.
A realtor at an open house once told us the schools in town weren’t very good and thats why the price was low. So clearly many realtors do not follow the rules. The sellers could have told their agent to disclose their motivation in order to get offers and a quick sale. You’ll never know unless you ask the sellers themselves. I’d consider such disclosure a sign that either the seller is extremely motivated or the agent assumes they’re not going to get a close to asking offer.
When did “buyer’s realtor” become a thing in NJ? When I had my license in the late 1980’s it was always drilled into us that every realtor has a fiduciary responsibility to the seller, no matter what side of the transaction you’re on. I was fine with that, but I hated when we actually cut our commission to make a deal work.
61 – What makes you think the Prospect Park number is correct?
The Map’s author devoted a whole paragraph to Far Hills’ $600,000 plunge in average sales price to $352k but apparently neglected to do any actual research to see if it was true. Of the 17 or so homes that sold in FH last year, only 5 were under $400k and 4 of those were income restricted.
On LI, realtors keep good listings to themselves. If it is priced right and in good shape, best way to get it is to contact the sellers broker directly even if you have a broker working for you.
Selling brokers with good easy to sell listing on LI like to say, “how much cock would a cock block if a cock could block cock” “As much cock as a cock would if a cock could block cock”
The Original NJ ExPat says:
March 4, 2013 at 12:42 pm
When did “buyer’s realtor” become a thing in NJ? When I had my license in the late 1980′s it was always drilled into us that every realtor has a fiduciary responsibility to the seller, no matter what side of the transaction you’re on. I was fine with that, but I hated when we actually cut our commission to make a deal work.
All really good new listings near me even if on MLS you have to contact selling agent directly if you want a shot at it. Realtors want full commission.
The Original NJ ExPat says:
March 4, 2013 at 12:42 pm
When did “buyer’s realtor” become a thing in NJ? When I had my license in the late 1980′s it was always drilled into us that every realtor has a fiduciary responsibility to the seller, no matter what side of the transaction you’re on. I was fine with that, but I hated when we actually cut our commission to make a deal work.
My ticket to ride….
http://www.hths.mcvsd.org/
grim says:
March 4, 2013 at 10:09 am
39 – Ding ding, probably the major factor involved. To some extent private school enables some local geography flexibility, but not much.
I’ve seen some folks try to time this with major jumps, grammar to middle, middle to high, but that kind of timing doesn’t lend itself to job flexibility at all, and in most cases is really just to get the kid in a better school district with the least amount of disruption.
glute (9)-
I don’t know where you get your information, but last I checked, we buy good players…whereas your side develops them and sells them.
Enjoy your circle jerk with Piers Morgan, quiche-eater.
Perhaps someone should tell Wanker that if he wants to play a high line in the back, his defenders should be a little faster than the zombies in The Walking Dead.
I have not posted in a long while. I was laid off by my IB in Nov. as expected. I was way ahead of them and received consulting gig the next day. Almost 900 a day rate…huge step-up. I am almost ready to be blue collar according to JJ. Someone must forward the memo to IBs and investment firms that 200k is blue collar. 9/10 people that work in back office, HR, accounting, payroll etc. are not gettting 125k. Get lots of calls from recruiters looking to pay 650 a day corp to corp. The memo needs to get to them also.
[77]chifi – My old college sweetheart has two of her kids in those Monmouth exam HS’s and she’s quite happy with the curricula. One daughter is a junior in CHS, the other is a freshman in MAST.
[39] Brian – I’m sure Nom will give you the accurate details, but I think all of those moves except the last one were pre-kids-in-school. My wife and I did a similar geo-dance before settling down, the first 10 years we weren’t even married. We had two places in NJ, then Long Island, then NH, then 3 more places around Boston before buying in the city itself. Our kids have only known our current home in Boston and have been in only one school system (Boston Public). The only problem so far is my oldest daughter is a Pats and Red Sox fan.
Brian says:
March 4, 2013 at 9:53 am
Do you have school age kids? If so, how do they feel about moving around all of the time?
36.Comrade Nom Deplume, Scungilli Chef Extraordinaire says:
March 4, 2013 at 9:31 am
[13] grim,
“Young adults, O’Keefe said, “want to retain some degree of mobility until they’ve established their careers, because of the uncertainty of the labor markets.”’
I would posit that this was always more or less the case. Now you are starting to see creep up the age ladder where even those who are “established” don’t want to be locked into a particular geography if their career opportunities could take them across the country or even overseas. For our part, in the last 15 years, we moved from NH to DC, to Philly, to NJ, to SEPA, and we aren’t necessarily done.
900 a day? That is 240K a year. Not bad at all. How much does your husband make?
Bystander says:
March 4, 2013 at 1:06 pm
I have not posted in a long while. I was laid off by my IB in Nov. as expected. I was way ahead of them and received consulting gig the next day. Almost 900 a day rate…huge step-up. I am almost ready to be blue collar according to JJ. Someone must forward the memo to IBs and investment firms that 200k is blue collar. 9/10 people that work in back office, HR, accounting, payroll etc. are not gettting 125k. Get lots of calls from recruiters looking to pay 650 a day corp to corp. The memo needs to get to them also.
JJ, I think you’ve gotten lost in the thread.
Fast Eddie, 20% of $800K is $160K. But if you have savings, put down $400K. A $400K mortgage is nothing in this area.
Are you saying there are no acceptable $800K houses out there?
Better inventory at 8 than 6. Better inventory at 1m than 8.
Wait and see what happens when a whole bunch at 1m sell at 9 and whole bunch at 8 sell at 7. You’ve seen those extravagant domino displays? They take a long time to set up but, boy, do they fall fast.
grim says:
March 4, 2013 at 1:39 pm
Better inventory at 8 than 6. Better inventory at 1m than 8.
Statler,
There are many 800K houses that are quite beautiful; and a 400K mortgage is rather standard. Then the questions become: a) how much are your taxes and insurance; b) how much do you need for food/energy/car, etc. per month and c) what do you have left in reserve? Just a few “minor” intangibles to consider.
“Better inventory at 8 than 6. Better inventory at 1m than 8.”
No doubt. The dual incomes in the NY Metro area essentially inflate what are really 400K into 600K houses.
Once you move up, there are fewer buyers (less competition) and better quality inventory.
1.3 million is where you start to see the five bedroom, central hall colonial with a two car garage on a nice plot, in good condition in a good train town with great schools.
800K in a a lot of towns will get you a 60x 100 run down four bedroom one car garage house. Unless I am moving to Scarsdale, Manhasset type towns what is point.
When I bought my current house, first thing someone said when they visited was you know “if this was in Manhasset it might actually be worth something”.
Buddy in Hunterdoom gets same thing “If this was in Bergan County in a train town with a good commute this might actually be worth something.”
Statler Waldorf says:
March 4, 2013 at 1:33 pm
JJ, I think you’ve gotten lost in the thread.
Fast Eddie, 20% of $800K is $160K. But if you have savings, put down $400K. A $400K mortgage is nothing in this area.
Are you saying there are no acceptable $800K houses out there?
You’ve seen those extravagant domino displays? They take a long time to set up but, boy, do they fall fast.
Any questions?
JJ,
Awesome. Waiting on that marriage bill to pass then hitting the village in chaps to find frail looking art gallery owner with small feet. New retirement plan for a couple years of pain. Gotta brush up on my musicals.
Since I talk to seniors that apply to Cornell from my area, I have seen a pretty good cross-section of public and private school students from 12-15 schools. Consistently, the best ones are from MVSD magnet-schools. I’m sure the private schools around me wouldn’t want that openly advertised.
The Original NJ ExPat says:
March 4, 2013 at 1:08 pm
[77]chifi – My old college sweetheart has two of her kids in those Monmouth exam HS’s and she’s quite happy with the curricula. One daughter is a junior in CHS, the other is a freshman in MAST.
Penn Station, the LIRR, sports bar….vidalia onion soup
What else could a south shore LI commuter ask for?
http://www.pennsylvania6nyc.com/
There has always been a 25% or so LI premium for those genetically programmed to only commute away from the sun, not into it.
1.3 million is where you start to see the five bedroom, central hall colonial with a two car garage on a nice plot, in good condition in a good train town with great schools.
800K in a a lot of towns will get you a 60x 100 run down four bedroom one car garage house. Unless I am moving to Scarsdale, Manhasset type towns what is point.
Some hard numbers for JJ:
County: Bergen
Households with income of $200,000 or more:
2007: 11.7%
2008: 11.6%
2009: 11.6%
2010: 11.6%
2011: 12.3%
Median household income 2011: $79,272
Number of households: 329,544
Housing problems have nothing to do with salary. People are still nervous and the folks who gambled and lost in 2003-2008 are too broke to join the housing parade. We need all new buyers.
The Original NJ ExPat says:
March 4, 2013 at 2:05 pm
Some hard numbers for JJ:
County: Bergen
Households with income of $200,000 or more:
2007: 11.7%
2008: 11.6%
2009: 11.6%
2010: 11.6%
2011: 12.3%
Median household income 2011: $79,272
Number of households: 329,544
I was just illustrating that 88% of BC has a household income below blue collar.
[39]
Its been a problem and not without friction. In fact, I laid down the law and said that if there is another career jump, it will be a solo act and we go back to commuter marriage.
LOL:
Some 15 percent of New Jerseyans have more than one or two alcoholic drinks when they imbibe, according to data from the federal Health Indicators Warehouse.
That’s not good news. Women who knock back more than one drink at a sitting during the course of a month are engaging in “excessive drinking.” Men who take more than two drinks at a time over a 30-day period fall into the same category.
Interactive map:
http://www.njspotlight.com/stories/13/02/14/binge-drinking/
“Binge drinkers” up the alcohol ante considerably. Women who consume four or more drinks at a single occasion during a month qualify for the label. For men, it takes five or more drinks.
Some 15 percent of New Jerseyans have more than one or two alcoholic drinks when they imbibe, according to data from the federal Health Indicators Warehouse.
That’s not good news.
Not good news for who? The bars? The alcohol distributors and manufacturers? Single guys looking to score?
Two beers is an appetizer.
FEMA, told me the poor based on income can get additional grants to rebuild. I said what is the cut-off. Under 200K.
So 199K is considered poor eligible for free grants in the Jersey Shore
The Original NJ ExPat says:
March 4, 2013 at 2:24 pm
I was just illustrating that 88% of BC has a household income below blue collar.
Shorter #38: The federal government can’t deadbeat China, so instead it’s going to deadbeat its own people. I recall when Cenk Uygur was on MSNBC he actually got some GOP Congressman to say exactly that. It was like “Yeah, we took the money and we’re not giving it back because we can’t afford it.” Political party is immaterial; the goodies were there for the taking and they took it. The only question now is what are we, the people, going to do about it? One thing we shouldn’t do is just shrug our shoulders and say, “Oh, well….” My Assemblyman is under indictment for doing the exact same thing on a smaller scale. The people he stole from aren’t going to see their money again either, but he might at least go to jail.
[49] grim
” I’ll make a suggestion in the interim though, don’t bank on ever getting a check if you actually have some retirement savings and are not retiring as a destitute pauper. From a planning perspective, I don’t take it into account at all, if it’s there, gravy, but I doubt it will be. All you folks with a fat 401k – Don’t assume that your SS eligibility wouldn’t be put through some kind of means test to check your retirement ‘affordability’. You are rich, no SS for you.”
Now you are starting to sound like me.
Harlem Shake 2.0
http://i.imgur.com/ISf3l04.gif
Just saw that the old, abandoned farmhouse down the road has two massive dumpsters next to it, and a porta-john nearby that looks brand new. I know that the owner applied for a variance to widen the road in order to move the house. No idea what the township said but it is apparent that one way or another, this structure won’t be there much longer.
[104] juice
That’s the Union Thug Harlem Shake.
Truthfully I think most marriages are “not without friction”.
98.Comrade Nom Deplume says:
March 4, 2013 at 2:25 pm
[39]
Its been a problem and not without friction
[103] redux
Defined benefit plans (traditional pensions) are permitted to pay reduced benefits when a beneficiary qualifies for SS. I would not be surprised to see an inverse mechanism for defined contribution, 403(b) or government plan beneficiaries that reduces SS if they get a payout. It is easily administered through the tax form, which is fast becoming your annual disclosure and lifestyle report to the government.
A successful Gay marriage always has a lot of friction
Brian says:
March 4, 2013 at 3:12 pm
Truthfully I think most marriages are “not without friction”.
I’ve always felt that the one fatal flaw of systems that have socialist or communist tendencies is that they are run by human beings. Human beings who are flawed creatures and corruptible.
“The only question now is what are we, the people, going to do about it?”
We shouldn’t have trusted them with the money in the first place. Maybe we were better off with a system where we managed the money individually.
102.Jill says:
March 4, 2013 at 3:05 pm
Shorter #38: The federal government can’t deadbeat China, so instead it’s going to deadbeat its own people. I recall when Cenk Uygur was on MSNBC he actually got some GOP Congressman to say exactly that. It was like “Yeah, we took the money and we’re not giving it back because we can’t afford it.” Political party is immaterial; the goodies were there for the taking and they took it. The only question now is what are we, the people, going to do about it? One thing we shouldn’t do is just shrug our shoulders and say, “Oh, well….” My Assemblyman is under indictment for doing the exact same thing on a smaller scale. The people he stole from aren’t going to see their money again either, but he might at least go to jail.
[107] brian,
yeah, and this is the main culprit for us. And much as I like to put down Jersey, it was me who did not want to leave. But I could not compete with her new career opp nor could I overcome her white-hot hatred for the Garden State.
I said I did not want to buy another house only to have to sell it in a few years. She has come around and we are renting. May look at a ski condo out west instead; produces income and means we don’t have to haul skis and boots on whatever airline is left.
BTW, her white hot hatred doesn’t extend to Libtard and Gator, who she misses.
[109] JJ
Try using some KY next time.
(100)
Even worse:
“The CDC’s 2011 National Health Interview survey found that a little more than half of American adults are regular drinkers, meaning they had had at least a dozen alcoholic drinks in the prior year, while 2 in 10 Americans said they had never had a drink.”
Regular drinker = a dozen drinks within a year?!?!?!
Not much of a drinker, but the fact is that a couple of drinks a day benefits most men as the women metabolize it differently, less for them. One a day I think works for the gals.
Pretty component to content. I just stumbled upon your website and in accession capital to assert that I acquire in fact enjoyed account your weblog posts. Any way I’ll be subscribing on your augment or even I fulfillment you get admission to persistently rapidly.
For consideration
http://www.cbsnews.com/8301-204_162-57569649/alcohol-causes-20000-cancer-deaths-in-the-u.s-annually/
“Alcohol causes 20,000 cancer deaths in the U.S. annually”….although a relatively small percentage..
I usually don’t have more than a couple of drinks a day. Night time is a different story.
There was this large article last week about the huge health benefits of Mediterranean diet (copious amounts of olive oil, lots of nuts and at least 7 drinks a week).
[117]
The only cancer statistically linked w/alcohol is liver, and one really needs to drink a lot for a long time to become a statistics. Probably, much more linkage with accidental deaths.
#117….so does that refute this info from this study?
“In addition to figuring out how many cancer deaths were related to alcohol, researchers also determined that breast cancer was the most common type of drinking-related deaths in women. This form of cancer alone made up 15 percent of the alcohol-related deaths, amounting to 6,000 women annually.
For men, mouth, throat and esophageal cancers were the most common alcohol-associated deaths, making up about 6,000 deaths annually.”
(122) I would associate that with drinkers who like to smoke, too. So how many smokers die of drinking related causes?
JJ, after 5 seconds searching:
10 Edgehill Rd, Glen Cove, NY 11542
$825,000 MLS ID: 2560890
4 Bedrooms, 4 Bathrooms
Fireplaces: 3
Lot Size: 100 X 275 (0.63 acres)
Abuts golf course
http://www.laffey.com/Property/NY/11542/Glen_Cove/10_Edgehill_Rd
Glen Cove has no direct train to NYC, in fact it is a disel train line and Penn does not accept disel trains, you get on a disel local to Mineola switch trains, then head to NYC. Commute so it is a one hour and five minutre train ride.
Also the schools are terribile. All mexicans and gangs. All the rich folk in town send their kids to private schools. Only the gardners and day laborers use the schools.
So add double taxation, high school taxes plus paying for private school.
Try to find a house in a real town, like Manhasset or Garden City for 800K
http://www.mta.info/lirr/Timetable/Station2/OysterBayOB2.pdf
Statler Waldorf says:
March 4, 2013 at 4:38 pm
JJ, after 5 seconds searching:
10 Edgehill Rd, Glen Cove, NY 11542
$825,000 MLS ID: 2560890
4 Bedrooms, 4 Bathrooms
Fireplaces: 3
Lot Size: 100 X 275 (0.63 acres)
Abuts golf course
http://www.laffey.com/Property/NY/11542/Glen_Cove/10_Edgehill_Rd
JJ, looks vacant, ready for a cash offer. 7 minute drive to Manhasset train station.
4 Hickory Hill
Roslyn Estates, NY 11576
mls 2522081
4 Bed, 4 Bath
0.47 Acres
3 car garage
http://www.coldwellbankermoves.com/property/details/3168244/MLS-2522081/4-Hickory-Hill-Roslyn-Heights-NY-11576.aspx
Statler [125];
7 minute drive to Manhasset train station.
How far’s the walk? Good luck finding parking at Manhasset LIRR. One could easily walk to the Miracle Mile, if shopping is your thing.
Note the realtor’s first comment “**4700 Tax Reduction**”. That’s now reasonable I guess at only $18,566.
coming soon to montclair?
http://www.examiner.com/article/wash-state-politician-says-bicycles-bad-for-environment-need-to-be-taxed
“When you are riding your bicycle, tell me what taxes are being generated by the act of riding your bicycle,” Washington Rep. Ed Orcutt (R) said.
“A cyclists [sic] has an increased heart rate and respiration. That means that the act of riding a bike results in greater emissions of carbon dioxide from the rider. Since CO2 is deemed to be a greenhouse gas and a pollutant, bicyclists are actually polluting when they ride,” he said.
Fannie Mae (FNMA) and Freddie Mac will create a common platform for issuing mortgage-backed securities as they wind down operations and plan for a future in which the two companies no longer exist, their regulator said today.
The government-owned enterprises also will start sharing risk with private financiers in the single-family loan market, aim to reduce their multifamily housing business by 10 percent and continue raising fees they charge to guarantee securities, Edward J. DeMarco, the Federal Housing Finance Agency’s acting director, said on a conference call with reporters.
DeMarco unveiled his agency’s goals for Fannie Mae and Freddie Mac as the two companies head into their fifth year under U.S. conservatorship. FHFA is shrinking operations while waiting for President Barack Obama and Congress to move forward with a broader overhaul of the nation’s housing-finance system.
http://www.bloomberg.com/news/2013-03-04/fannie-mae-regulator-sets-securities-platform-for-post-gse-world.html
What kind of drinker is two steps beyond binge drinker?
‘Cause that’s where I am.
The fact that I am beyond binge drinking is entirely yome’s fault.
Clot at least you made the first step-Acceptance
[127] Joyce,
I think the rep was being a bit facetious since it was Obama whose admin sought to regulate CO2. But I like how the writer morphed it into a claim that the GOP rep was saying that bikers polluted more than cars; I saw nothing in the quoted text to support that.
127 – read an interesting analysis of bike commuters that criticized that the additional caloric consumption of bike commuters required more food to support, and the additional carbon caused by the associated food production and delivery negating any possible savings. I don’t even think that took into account breathing.
Yes, the author of the article lied about that. But did you read the whole letter…
http://www.seattlebikeblog.com/wp-content/uploads/2013/03/20130303-125507.jpg
He clearly supports the ridiculous tax and justifies it because they already installed the ‘what did we ever do without’ bike lanes as well as the CO2 from breathing heavily while riding.
133
Grim,
What was that study comparing? The benefit of the individual cyclist vs the whole of society… or something like that?
Damn keg is kicked. Oh well. Thank goodness the liquor store in town delivers
yome (131)-
I don’t accept you.
Have a nice day.
brain (136)-
How long does it take their donkey cart to reach your house?
“Thank goodness the liquor store in town delivers”
JJ,
Can you toughen this nancy boy kid up a bit? With his current attitude, he’ll never cut it in high finance.
http://news.yahoo.com/video/college-student-returns-1800-atm-221252058.html
The student who hopes to go into banking and finance said, “I mean, it was just eating at me at the time because it isn’t mine and I didn’t even know what to do with it.” PNC spokeswoman Marcey Zwiebel said that while she could not comment on the details of the incident, the money had been mistakenly withdrawn from another student’s account and was refunded. Zweibel said, ““Honesty is always the best policy when talking about money, and keeping money that you’re not authorized to have for any amount of time is unlawful.”
You are an angry pathetic little man.
138.Ernest Money says:
March 4, 2013 at 8:39 pm
brain (136)-
How long does it take their donkey cart to reach your house?
“Thank goodness the liquor store in town delivers”
Nom 112,
Awwww. We could always meet up in your ski chalet.
(140)-
Yes, I am. But I’d be angrier and more pathetic if I had your life.
#78 Clot
How much did you pay West Ham when Ba did one to the Blues?
Ingrédients pour 1 moule de 24cm:
3 œufs entiers+2 jaunes
1/4L lait entier
1/4L crème fraîche épaisse
200Gr de lardons fumés
Sel et poivre au moulin
1 pincée de poivre de Cayenne ou piment d’Espelette
Noix de muscade
1 rouleau de pâte feuilletée ( je la préfère à la pâte brisée)
Préparation :
Préchauffer le four à 220°.
Dans un cul de poule, mélanger les œufs entiers, les jaunes d’œufs, battre à la fourchette. Rajouter le lait et la crème épaisse, assaisonner avec prudence ( n’oubliez pas les lardons sont déjà salés !) une pincée de muscade et une de poivre de Cayenne ainsi que quelques tours de moulin à poivre. Ebouillanter les lardons dans une casserole d’eau bouillante, égoutter. Ensuite les faire passer à la poêle avec un peu de beurre sans les faire rissoler, juste dorer.
Déplier la pâte feuilletée dans le moule à tarte. Garnir la pâte de dés de lard et verser l’appareil par-dessus.
Enfourner à 220° pendant 5 minutes, ensuite abaisser la température à 180° et laisser cuire encore 25 minutes.
Démouler et servir tiède.
[134] Joyce,
Same logic is being employed to put additional taxes on hybrids and electric cars. It actually has support as a policy principle, but as is so often the case, it conflicts with other policies, tax and nontax.
[143] Fabius,
Anything going dans un cul de poule will get JJ excited.
“7 minute drive to Manhasset train station. How far’s the walk?”
If you want walking distance, you’ll have to bring more cash to the party.
JJ wants to live in Manhasset, yet not pay the associated overhead of living in the most expensive town on Long Island. Fortunately his split-level is newly renovated and will serve his needs until retirement.