From Housingwire:
Consumers ease off housing recovery gas pedal
Although consumers continue to remain relatively upbeat, their attitudes around housing may have hit a brick wall, decreasing over the past three months.
Americans tempered their optimism toward the housing market in September, indicating growing caution surrounding the fiscal policy debate, according to Fannie Mae’s recent housing results.
…
For instance, 55% of Americans continue to believe the economy is on the wrong rack, narrowing 16 percentage points in September, according to Fannie Mae.The gap could widen, depending on the outcome of the debt ceiling debate, with many experts believing the nation’s borrowing authority will be exhausted by Oct. 17.
The average 12-month home price change expectation came in at 3.1%, decreasing 0.3% month-over-month.
Meanwhile, the share of people who believe home prices will go up in the next 12 months fell to 52%, down three percentage points.
Additionally, 63% of Americans believe mortgage rates will go up in the next 12 months, increasing 3 percentage points from last month.
On an interesting note, the share of respondents who would buy if they were going to move increased to a survey high of 69%.
…
“The only thing that would derail what is happening now is backslide in job numbers,” Walters concluded. “However, we are still seeing fairly steady gains and until we see that reverse, there’s going to be a demand for housing.”
From CNBC:
Fresh concerns for America’s housing market
Ben Bernanke and the US Federal Reserve have done all that mere mortals can do to repair the housing market post-financial crisis, but despite tarting up the mortgage industry like Cinderella for the ball, buyers are not jumping into the golden carriage to attend the best party ever staged.
How can this be, when house prices are supposedly climbing across the States? The latest Case-Shiller Index was up more than 12 per cent over the past year. The devil is in the detail – the most recent month-on-month increase slowed to just 0.6 per cent, and it is who is buying that is relevant.
Those who can afford to upgrade or buy a second home are doing so, with private equity and hedge funds bolstering transactions. But the average American is still cleaning up their balance sheet, using cheaper 30-year fixed mortgages to refinance. Insiders say the balance between those taking out mortgages in the purchase money market to buy properties versus refinancing is far from healthy, with a skew to the latter.
Others not on the property ladder are having hopes of home ownership dashed as interest rates and prices climb. Many now hand over a regular rental cheque to the likes of Blackstone, the biggest owner of single family homes in the US.
Why is this important? Because it tells a tale of the struggle that the Fed is facing when it agonises over the data to decide when to begin tapering QE. The US government shutdown has created some distraction – and even stopped the data flow – but tapering remains the ultimate worry.
@BillMoyersHQ: Despite the rhetoric about food stamps causing dependency, the data shows exactly the opposite. http://t.co/0dbx57PGdJ
From the Record:
Neglected Jersey Shore homes a growing dilemma
Nearly a year after Superstorm Sandy destroyed entire stretches of the New Jersey coastline, towns are grappling with a new phase of recovery: how to balance the complaints of residents living next to neglected properties against the plight of homeowners who lost everything and have not decided whether to rebuild.
Many owners have yet to repair their homes because they’re either contesting or haven’t received flood insurance reimbursements. Others are waiting to receive state or federal grants or didn’t even have flood insurance. Some are simply too overwhelmed to do anything.
How local officials attempt to motivate homeowners to clean up their forlorn properties varies by town. Some, feeling sympathetic toward down-and-out homeowners, are using volunteer resources to maintain the properties and are not issuing summonses. Others have taken a more aggressive approach by telling homeowners the town could demolish their properties for safety reasons and recoup costs through tax liens.
“It’s very difficult because you do have to take everything into consideration,” said Donna Wisniewski, past president of the American Association of Code Enforcement, a 667-member organization. “People who had insurance and were able to, for whatever reason, have their property rebuilt and restored and are living in it, they don’t want to be living next door to one that hasn’t been rebuilt. We have to get the community back as close as we can to where it was without it being a burden on anyone. It’s a fine line.”
…
Union Beach, a small Bayshore community in Monmouth County in which 85 percent of the 2,500 homes were flooded by at least 2 feet of water, has handled neighbor complaints with an eye toward patience, said Robert Parsells, the borough’s code enforcement officer.
“I’m having a hard time kicking people when they’re down,” he said. “I will not summons a person who’s been through all of this devastation.”
Parsells receives between 30 and 40 complaints a week about damaged properties in the community of mostly year-round homes. He and the building inspector view the sites and determine what needs to be done. The fixes can range from routine lawn maintenance to demolition. Under normal circumstances, summonses of up to $300 a day would be issued for failing to maintain the property, Parsells said.
fukc you!
@MotherJones: New Study Says Conservatives React More Strongly to Insults Than Liberals http://t.co/RyE3pKOSIz
4 – Pussy
New Study shows Liberals have a lower average IQ than Conservatives
http://beforeitsnews.com/alternative/2012/11/new-study-shows-liberals-have-a-lower-average-iq-than-conservatives-2496594.html
CoreLogic report out this morning saying shadow inventory is now at 1.9 million, down from 2.4 million a year ago, and 3 million in 2010 (down 38% from peak).
Anyone know about Fema flood zone maps and how often they are updated? Is it yearly? Looking at place on CT coastal town. House is one block from latest Ae zone
[T]he first place was apolitical people who did not follow any specific doctrine, who received a whopping score on average of 135.
Seems like the only winning move is not to play…
4
They need respect. Did you hug a conservative lately?
If you have successfully enrolled through the online marketplace, we’d love to hear your story. Feel free to e-mail me.
reporter from the star ledger
Merck headquarters in Whitehouse Station officially up for sale.
Good way to fix an ailing economy
If the week-long government shutdown stretches to a month, it would mean a $50 billion blow to the U.S. economy.
That estimate is actually $5 billion lower than the initial estimate of Mark Zandi, chief economist for Moody’s Analytics. He lowered his forecast after the Defense Department recalled nearly half of 800,000 federal employees furloughed last week, and it appeared Congress would quickly approve a measure to pay other furloughed workers retroactively.
So about $200 million a day in pay seems likely to find its way back to the pockets of “non-essential” federal workers.
But that was only a fraction of the potential cost, said Zandi. The indirect impact could be far greater, including:
Housing: “We’ve impacted mortgage origination; that starts to disrupt the housing market that’s been very important to the recovery,” Zandi said.
Tourism: “Travel and tourism are being affected, both by closures of national parks and the lack of visas being issued to foreign visitors,” he said.
Small business: “Small Business Administration lending has been cut off, meaning some small businesses aren’t going to be able to hire the way they had planned,” Zandi said .
Financial markets: “As stock prices fall due to worries about the shutdown, that means less wealth and that leads to less consumer spending,” he said.
– See more
at: http://money.cnn.com/2013/10/07/news/economy/shutdown-economic-impact/index.html#sthash.b7LrNWWR.dpuf
Go Jets. Looks like JJ was right to buy Jets PSL’s. They’ve turned out to be the better value play recently….
If you buy next to a fema flood zone and you buy flood insurance PRIOR to map change you can be grandfathered at lower rate for now. They may change that.
However, if you are not in a flood zone when they put you in a flood zone they make you PRP (Pref Rate Policy), for first two years. Full Flood is $400 a year. Then years 3-7 you enter PRP Eligibility Extension which means, your $400 buck policy rises 20% a year for next five years. At year 7 you hit Standard Rate AE which is currently $3,600. However, Standard Rate has been rising around 5% too. So that standard rate policy will be like $5,000 pretty much by the time you get there.
If house has a basement or is a split where Den is blow BFE that that cant be raised watch out. That is situation I am in which is worst. Actually anyhow with a “stub” basement sucks.
FEMA in their infinite wisdom calls any area that is below grade on all four sides a basement. Issue is by me is I have a split that lower level is only one foot down. Yet FEMA calls it a basement. meaning my entire DEN, Laundry Room and Full Bath they have will only resheet rock, no tape or spackle, no paint, no doors, no bathroom and replace electric panel, furnance and washer dryer nothing else. Also no contents coverage. These type houses main level is up which means very little damage. I had at most 10K damage upstairs. Yet FEMA makes you take out flood insurance for full amount of mortgage. Which is a bit crazy. For instance my neighbor hired an adjuster is a CPA knows every trick in book and pulled every trick in book and got 116k in Sandy. Flood is sold in increments of 25k. So most coverage that house needs is 125k. But if you have a 250K mortgage you need to carry 250K flood. This is why vacation homes on beach often go cash or often go big downpayments. Many have crawl spaces type things that only have heat and electric, main floor is up on a crawl space with tile floor. A flood like Sandy on theses homes ment new appliances, mold spray crawl space new oil burner and electric panel etc. We are talking like 60K tops.
Bystander says:
October 8, 2013 at 8:30 am
Anyone know about Fema flood zone maps and how often they are updated? Is it yearly? Looking at place on CT coastal town. House is one block from latest Ae zone
“The only thing that would derail what is happening now is backslide in job numbers,” Walters concluded. “However, we are still seeing fairly steady gains and until we see that reverse, there’s going to be a demand for housing.”
20 hours per week as a clerk at the Dress Barn should not allow one to qualify for a mortgage loan.
If Giants lose next game and go 0-6 I am going on seasonticketrights and put a few low ball bids pm their psls. But low sell high
Dunkin Donuts has a new slogan, – America Runs on Dunkin Donuts Except Elie Manning.
Street Justice says:
October 8, 2013 at 9:02 am
Go Jets. Looks like JJ was right to buy Jets PSL’s. They’ve turned out to be the better value play recently….
Financial Times
When JPMorgan Chase and Wells Fargo (WFC) launch the sector’s third-quarter earnings season on Friday, they are expected to plump their bottom lines with further releases from bad debt reserves, the Financial Times writes. The releases contrast with another line on the income statement: loan growth, which is near zero four years into what supposedly is a recovery, according to Federal Reserve data. The FT characterizes the trend as “unsustainable” since banks will eventually exhaust their pot of reserve cash and need to make new loans if they, and the economy they support, are to maintain their long-term health.
The ‘Most Violent State’ Crown Is Held By…Tennessee
http://www.addictinginfo.org/2013/10/07/violent-state-crime-rate-tennessee/
What do you think is the state with the highest violent crime rate? You might be surprised to learn it’s Tennessee. Despite the reputations of states like New York, California and Florida when it comes to violence, Tennessee the most violent state, followed by Nevada and Alaska. Those are in the 2nd and 3rd spots, respectively.
The violent crime statistic comes from the FBI compilation of statistics for rape, robbery, murder and aggravated assault.
…
Who else is on the most violent state list?
The rest of those on the most violent state list are NV, AK, NM, SC, DE, LA, FL, MD and OK.
[72 from yesterday]
The opinion that the SUV driver was the aggressor is “unpopular” because it is so blatantly wrong; not to mention so thoroughly stupid that its adherents are basically a small gang of motards, thug apologists, and that hag Gloria Allred.
expat (19)-
No surprise there. My mom still lives in Memphis (which is prolly where 99% of the violent crime in the state happens) and regularly updates me on the rising body count. Basically, the city is Detroit with good weather.
Alexian Lien is no Angel and is as much at fault for what happened that day as the bikers.
Looks like I might be buying our condo from the Landlord. The original lease a few years ago said the owner has to pay the broker 6% if this ever happens. The lease ended 2 years ago, does anyone know if that clause is still valid? I’d think legally it expired with the lease.
JJ,
Thanks. This sounds like one major headache. I will probably avoid it all together
Stunning, I’ll never understand people
3.grim says:
October 8, 2013 at 8:11 am
From the Record:
Neglected Jersey Shore homes a growing dilemma
America has a debt problem and a failure of leadership, Americans deserve better. I therefore intend to oppose the effort to increase America’s debt limit.
Barack Obama – March 16th, 2006
Thank god we have Mark Zandi’s wisdom to guide us through. If anyone in the universe thinks the govt being “shutdown” (ha!) is hurting the economy… than they have no clue.
13.yome says:
October 8, 2013 at 8:52 am
Good way to fix an ailing economy
If the week-long government shutdown stretches to a month, it would mean a $50 billion blow to the U.S. economy.
That estimate is actually $5 billion lower than the initial estimate of Mark Zandi, chief economist for Moody’s Analytics. He lowered his forecast after the Defense Department recalled nearly half of 800,000 federal employees furloughed last week, and it appeared Congress would quickly approve a measure to pay other furloughed workers retroactively.
So about $200 million a day in pay seems likely to find its way back to the pockets of “non-essential” federal workers.
But that was only a fraction of the potential cost, said Zandi. The indirect impact could be far greater, including:
Housing: “We’ve impacted mortgage origination; that starts to disrupt the housing market that’s been very important to the recovery,” Zandi said.
Tourism: “Travel and tourism are being affected, both by closures of national parks and the lack of visas being issued to foreign visitors,” he said.
Small business: “Small Business Administration lending has been cut off, meaning some small businesses aren’t going to be able to hire the way they had planned,” Zandi said .
Financial markets: “As stock prices fall due to worries about the shutdown, that means less wealth and that leads to less consumer spending,” he said.
– See more
at: http://money.cnn.com/2013/10/07/news/economy/shutdown-economic-impact/index.html#sthash.b7LrNWWR.dpuf
Joyce
Please explain why the shutdown is not hurting the economy
yome,
Please explain how government restrictions and increasing taxes enable the private sector to create jobs.
One can see the hatred the Kenyan has for anything remotely American. Heck I bet he’s in the white house right now stomping on an apple pie.
I can’t stomach looking at the guy anymore. Worst president ever.
Will new rentals sink Bergen County home sales?
by steven konefsky
IMG_6974
The Modern, Fort Lee NJ
A recent article on northjersey.com, grabbed my attention with the headline…NJ homebuilding up 39 percent over 2012 pace.
But after reading the story and analyzing the numbers, the real headline should have been…Will new rentals sink Bergen County home sales?
Let’s look at some facts:
Multi-family construction is not the same as “homebuilding”, when you’re talking sales and construction figures. Yes multi-family units are housing in a true sense, but most of the pros like Case-Shiller, separate multi-family units form single family home sales. Media outlets such as CNBC, the New York Times and others also separate the two different types of housing when they’re presenting market stats.
Multi-family rentals like the new high rise rental building shown here, is competition for single family home sales, because they take potential home buyers from the market for an extended period of time
As the Ms Lynn points out:
Through August, builders took out 15,842 building permits, compared with 11,364 in the same period last year. Multifamily construction accounted for about 59 percent of the activity.
“Multifamily construction is what’s driving the bulk of the expansion in New Jersey,” said Patrick O’Keefe, an economist with CohnReznick, an accounting and consulting firm with offices in Roseland. Multifamily rentals are in high demand as tight mortgage standards keep many households out of the purchase market. In addition, banks are much more willing to lend to builders for construction of rentals, rather than for-sale properties.
But here’s where this will most likely take a nasty turn, and cause home sales to decrease: Just under 16,000 building permits sounds great, but when you break down the type of housing, multi-family rentals accounted for almost 60% of the volume. One would have to imagine that 9,600 rental units will take a major number of would be buyers out of the marketplace. And in areas such as Tenafly and elsewhere in eastern New Jersey where large scale homes building has all by disappeared, (leaving only old and outdated homes to choose from)…the loss of buyers could have a devastating effect on future home sales for the coming years.
Will these rentals become a suburban market killer?
“People are becoming renters by choice,” said BNE Executive Vice President Jonathan Schwartz. “People want to be closer to the city, nearer commuter areas.” And many households are wary of buying a single-family home after seeing property values plummet during the housing bust, he said
BNE understands this all too well…the project mentioned in this article because their project in Fort Lee (the 316 unit Twenty50 building) was originally slated to be a for sale building. They obviously changed to rentals because the, for-sale-condo-market still hasn’t recovered in New Jersey, and most people are looking to rent rather than to purchase condos.
New rentals in Fort Lee:
Twenty50….316 units
The Modern….two highrise towers….900 units
Hudson Lights…200 units
The ripple effect:
In these three projects alone (which sit next to one another in Fort Lee) 1,416 new rental units will come on the market by the end of 2014 (Twenty50 is already leasing units). Not only will these new rentals take buyers from the market, but it will also take renters away from the older high rise buildings in Fort Lee. Which in turn will cause those rents to decrease. And when you consider the thousands of new rentals that are coming on line in Edgewater, North Bergen, Weehawken, Hoboken and Jersey City the problem intensifies in the for sale market for the surrounding markets like Englewood, Tenafly, Cresskill and so on.
Recent articles
Luxury in Fort Lee
Groundbreaking marks start of Fort Lee project
steven konefsky | October 7, 2013 at 12:20
Juice let us look at a family making a $ 100K in year 2000 to today, a family making $100k.
In 2000 they are in the 28% bracket today they are in the 25% bracket.
A family making $140K is in the 31% bracket today they are in the 25% bracket
http://taxfoundation.org/sites/taxfoundation.org/files/docs/fed_individual_rate_history_nominal_adjusted-2013_0523.pdf
How do you create jobs? Make Company earnings distributed evenly with its employees. Not padding the investors more and more. I heard Costco is doing it.I am sure other companies are doing it
First tell me how you think any “govt” helps an economy…?
28.yome says:
October 8, 2013 at 11:14 am
Joyce
Please explain why the shutdown is not hurting the economy
31 – Gold coast rentals don’t directly compete with North Jersey single family sales, they compete with NYC and existing Hudson rental stock primarily, and secondarily with condos. While there might be some competition with SFH, it is likely only in special situations or indirect.
AG,
The guy is actually brilliant because he knows how to stir up the null and void crowd into a tizzy. He can manipulate masterfully. It’s been evident since his early days on the campaign trail. The guy thrives on divisiveness. He’s a f.ucking sociopolitical , transformational anarchist.
Make Company earnings distributed evenly with its employees.
From those with means to those with needs.
I have nothing further, your honor.
33 Joyce
I dont have to tell you about the infrastractures ,research , satelittes and yada yada that the government built that is being used by the economy
joyce says:
October 8, 2013 at 11:38 am
First tell me how you think any “govt” helps an economy…?
You didn’t build that!
Gary (36):
Obama may try to play the social engineer but most people I know are digging in for a long term gubbmint closure/bogus default. Most people with half a brain now know Obama’s games. If I were the Republicans I would now just let the clock run out and let history put the blame on the social engineer in chief.
All Hype,
I’m hoping to high heaven the Republicans tell him and Reid to go f.uck themselves and close the door behind them. I’m not a big fan of the Repubs these days but somebody has to grow some b.alls and stop these arrogant mfers from destroying everything.
[22] “Alexian Lien is no Angel and is as much at fault for what happened that day as the bikers.”
Sure. That’s why the bikers got spine-crushings and indictments, and Lien got support from everyone around the country (with the except of the motards, thug apologists, and Gloria Allred).
Where is Al Sharpton on the Bikers deal? No blacks involved?
Gary (40):
All the Republicans need to do is convince their base and 60% of the moderate voters that they are the leaders in this debate and will not allow a default. They can have their talking points as to the number of times that they apprached Reid and Obama and were turned away. Once they get the support it’s time to walk out the door.
Look, they know Obama is a spoiled brat with no true leadership skills. Putin exposed Obama in 2 days and cut him off from Syria, Iran and Hezbollah controlled Lebanon. Obama cannot cut it on the world stage so now he is flexing his community organizer muscles on war veterens and national park visitors.
@BloombergNews: Shutdown has cost $1.6 billion in economic output, adding $160 million per day | http://t.co/iHQps4XNmz
What do you mean? Most of these were vacation homes with no flood insurance folks inherited with no mortgage often owned by a few people.
They cost very little to hold, lots of towns cut property taxes on damaged homes and only buyers now are vulture buyers. Also Lets say four kids own house, two kids are kinda broke, unless all four agree house just sits.
joyce says:
October 8, 2013 at 10:52 am
Stunning, I’ll never understand people
3.grim says:
October 8, 2013 at 8:11 am
From the Record:
Neglected Jersey Shore homes a growing dilemma
You complain about deficits but not realizing when O took over,a person making $132K is at the 28% bracket today he is in the 25% bracket.This is all lost revenue on top of a bad economy . Revenues were 40% less than,when GWB was in office.You blame him for the deficits?
Hollywood Stuntz was not brake checking Lien. They were trying to close whole highway to do some stunts and film, everyone was mad. Lien was only only who decided not to wait, hit a bike, took off, did not call 9-111.
Honestly Lien may not be charged with anything. But only a fool would every hire him for a job. He has bad judgement. Instigating and escalating the situation with his wife and kid in car.
Happy Renter says:
October 8, 2013 at 11:53 am
[22] “Alexian Lien is no Angel and is as much at fault for what happened that day as the bikers.”
Sure. That’s why the bikers got spine-crushings and indictments, and Lien got support from everyone around the country (with the except of the motards, thug apologists, and Gloria Allred)
Yes,all GWB fault,including the biker incident
what kind of fool would ever sign such a contract? How is it enforceable?
Does realtor just show up at closing and demand 6%,
Honestly for a contract to be enforceable there has to be a benefit to both parties.
Richard says:
October 8, 2013 at 10:50 am
Looks like I might be buying our condo from the Landlord. The original lease a few years ago said the owner has to pay the broker 6% if this ever happens. The lease ended 2 years ago, does anyone know if that clause is still valid? I’d think legally it expired with the lease.
Was watching the game on a screen at the Las Vegas Country Club and we made too much noise so the Members kicked us out……I missed the final drive for the FG
I DVR’ed it so I will watch it when I get home.
October 8, 2013 at 9:23 am
If Giants lose next game and go 0-6 I am going on seasonticketrights and put a few low ball bids pm their psls. But low sell high
Dunkin Donuts has a new slogan, – America Runs on Dunkin Donuts Except Elie Manning.
Street Justice says:
October 8, 2013 at 9:02 am
Go Jets. Looks like JJ was right to buy Jets PSL’s. They’ve turned out to be the better value play recently….
Anon [44];
File under “Math is Hard”, especially for leftists. $160m/day == $58.4 B/yr; Federal budget is $2.45T in 2012; US GDP $15.68 T. Seems to me that paying $60B a year or 0.4% of earnings to save $2.5T is a good deal.
That number only scares weak-minded Obama voters who think that getting a $100/mo Boma-phone for ‘free’ is a good deal.
Libturd…….the Westin gave me a $15 credit for their tables….tonight is happy hour on the craps tables $3 min 5x odds….maybe 10x? I have to double check……
Richard [23];
All I can tell you is to seek competent legal advice.
Bob Gates gave a talk yesterday….. a very decent and thoughtful man…..called Snowden a traitor who has already caused significant damage……mostly the Russians, Chinese and terrorists are dramatically adjusting their behavior….we will not know the impact of Snowden for several years, but there will be an awful event eventually……this is Gates making such a comment….
reposting…..
#1 cyber criminals are the Chinese…
#2 ? The French….seriously…..
He tells businesspeople to keep work computers with them at all times when traveling in France. Generally when you go to dinner, people will enter your room and compromise your equipment…….
If you are losing $58.4b in business that you can get a revenue of say $15b. Are you not adding that lost revenue to your deficit, with a Federal budget of $2.5T? Now you have to cut more on the Federal Budget due to the lost revenue to get a balance budget,no?
Richard – Sign a new month to month lease with the owner, eliminate the provision, execute the sale.
I did a couple of deals a few years back, lease with option to buy. If purchase, there was a commission paid. All those houses subsequently sold to the tenant, we never collected a dime. Who has got the time to take someone to court for a couple grand? Not me.
I used this tactic quite often a few years back, to get renters into homes that were only listed for sale, and not rent. Rental inventory was thin, so we tossed out lease deals to vacant owners. Pretty easy to get them to nibble, the “option to buy” was always necessary as a carrot to the listing agent to get his/her buy in (hell, what’s better than one commission, two commissions – one on the lease, one on the sale!).
I didn’t really care much, since I was on the renter/buyer side of those deals, my people got sweet deals, so I’m happy. Listing agents weren’t happy at all though. I remember getting a nasty call from an LA one afternoon about a closing that took place two days prior, accusing me of cheating him out of his money. Go screw buddy.
At this point, is Lien in hiding from NYPD ?
Per Pix11, 5 LEO’s were among the bikers.
Video shows undercover
cop attacking NYC SUV
| Officer left the scene
msnbc.com
Also Hollywood Stuntz isn’t even a gang or group of people or an event. It’s an asian kid’s screen name who is really into rice burner motorcycles. Jamie Lao.
Hype,
Sorry, Republicans should just give up now and let people have Obamacare and higher debt. Bloomberg and most media frame the issue as they perceive the world – typical welfare statists. So the shutdown is the story, never a story about debating Obamacare. They run with the president’s “Republican holding the country hostage” narrative rather than “Republicans trying to prevent runaway spending” or “Republicans trying to prevent a broken and confusing bill by using congress’ power of the purse”.
An undercover New York police detective at the scene of the beating of a driver by a pack of angry motorcyclists is seen on video attacking the SUV, police sources familiar with the investigation tell NBC News.
The sources, who spoke on condition of anonymity, said the video shows the undercover officer banging on the rear window and shattering it. The victim is then seen being pulled out of the car and the undercover rides off, sources say.
http://investigations.nbcnews.com/_news/2013/10/08/20870446-undercover-cop-seen-on-video-attacking-suv?lite
Allred just had an orgasm, NYPD = New York Pay Day
http://nymag.com/daily/intelligencer/2013/10/jamie-lao-man-behind-hollywood-stuntz-biker-gang.html
#24 Bystander – I am about to close on a beachhouse and just went through a lot of this flood insurance stuff…JJ actually gave me some good insight also. Per the new Brigget Waters law you have to order an elevation certificate for the property (any local surveyor will do it for around $400) and then you can submit that to a local insurance provider to get a quote. I just went through this and because my house was raised and is in an AE zone the flood insurance quote came back at only $280 a year…every house/neighborhood is different so if you are serious about the property spend the money on the elevation certificate and go get a quote…it’s the only way to know for sure…a lot of speculation out there.
Yes,all GWB fault,including the biker incident
LOL!
NYPD officers and Alexian Lien will not face charges. Know your place in this world.
Ragnar,
Republicans:Shutdown as the 99%:Occupy Wall Street
Both will be equally successful too.
ChiFi: Forger the pass line. Place $6 on the 6 and 8. If it hits, remove the other number. If it hits again, put back up the other number. Then press each number as it hits every other time. As long as you catch a 6 or 8 before that first seven, you’ll be able to drink for free. If a 7 comes, start over again. Let me know how it goes and have fun ya cheap bastard. How’s the Westin BTW? You should walk over to Hooters just to see the chandelier and definitely look up the spot of the Tupac Shakur shooting. It’s right outside your window. Plus, if you have the time, Tropicana has the best sign up bonus on the strip. $200 can’t lose, but you have to come back again at least one time during the year to get the second half of the rebate. Sometimes the customer does have the edge, if they can maintain their discipline.
re: NYPD – He was trying to apprehend an attempted murder suspect.
JJ/ChiFi,
At what point on the DOW do I pile in some more? We’re down 5% from peak, I’m hoping for another 5% drop. Whadda ya think?
The ruination of a genderless nation continues:
http://newyork.cbslocal.com/2013/10/07/long-island-middle-school-bans-footballs-other-recreational-items/
Eddie,
Neither of them can tell you that. Better to stick by Buffet here. When there is panic, increase your bet. When there is exuberance, scale it back. It’s hard to load in when it seems like the world is collapsing, but you really do well if you do. This is coming from a guy who had/has an astounding amount of mortgage debt, betting that interest rates will eventually increase as will payscale making the mortgage payments a smaller and smaller piece of the pie. I now have just a little over 14 years to see if I made a good bet. So far, using my cash for investment in the market has been a much, much, much better bet than paying off my mortgages. Which is why I cringe when I read those stories about how people paid off their mortgages in 7 or 8 years. They should be reprimanded, not honored. Then again, the average American is completely clueless to issues of finance and taxes.
Eddie nation of pu$$ies, it is run by the kids who hated recess because it wasn’t fair and they had their feelings and bodies hurt. Hell we played tackle on the concrete playground. the late seventies and eighties were the last days of free range children.
I push my kids down the steps to toughen them up. Most other people use saftey gates I guess.
Painhrtz,
We used to play tackle on concrete, too! What happened to this country? How did we get so soft?
Thanks guys. Our current lease has no such provision. The Landlord is the guy who is potentially on the hook so not too worried, just dont want it to become an issue.
I’m a bit annoyed we’re kinda forced into buying the place in a hot market, just to stay where we are. I hoped to move to the suburbs in a few years and wanted to keep renting until then. Its a great place at a fair price so am not too upset. I always thought condos were poor investments though so would prefer not to.
Lawyers and fairness, Eddie. Lawyers and fairness.
My kids have less than a 1/4 mile walk to school when they are ready in 4 years but will still have bus pickup. I’m sure if I let them walk some concerned government mouth breather will have child services at my door and the wife and I will be labeled worse than the Taliban.
Richard than don’t buy ! No one is forcing you to buy and not wanting to move is a lousy reason to buy something you don’t really want or isn’t in the plans in a few years. That is a recipe for misery.
Gary (76):
The reason why the schools are banning any kind of rough sports is lawsuits due to injuries. Why? Because kids these days are obese squids who cannot handle any sort of impactful ecercise. They are used to playing video games and eating doritos.
I would like to have the 10 year olds from 1980 travel through time to now and see what kind a beating they would give to Grayden and Ellory.
Great news. That is great flood insurance rate. I am paying $1,280 on my beach condo so that is one thousand less.
The elevation certificate on AE homes is very important after 10-1-2013 as flood insurance could be $280 or $280,000.
I have to find someone with a Shore house to trade weeks with.
Only weird perk with my place is chair boy service. My town has a big shed type building with bathroms etc. Each resident gets a section where you can leave a few chairs, umbrella, kids toys even surfboard. When you go to beach the chairboys get yourstuff and set it up. Very 1950s. Beach is free and I can bring up to ten guests a day. When you leave you just leave your stuff and chairboy picks up and puts it back.
Does any other public beaches you know do this? Kinda weird. My taxes are fairly low so I dont ask. I guess kids get paid min wage and no benefits.
ccb223 says:
October 8, 2013 at 12:59 pm
#24 Bystander – I am about to close on a beachhouse and just went through a lot of this flood insurance stuff…JJ actually gave me some good insight also. Per the new Brigget Waters law you have to order an elevation certificate for the property (any local surveyor will do it for around $400) and then you can submit that to a local insurance provider to get a quote. I just went through this and because my house was raised and is in an AE zone the flood insurance quote came back at only $280 a year…every house/neighborhood is different so if you are serious about the property spend the money on the elevation certificate and go get a quote…it’s the only way to know for sure…a lot of speculation out there.
Actually Berkshire B class shares are a great thing to buy on a huge down day. Let Uncle Warren do the dirty work. Just get his shares on that 1,000 down day
Libturd in the City says:
October 8, 2013 at 1:56 pm
Eddie,
Neither of them can tell you that.
72 – Blame the lawyers
I know the 10% drop is unpredicatable, I’m just trying to get a gauge on when a “pile in” moment may occur. One of my favorite columns is James Stewart’s “Common Sense” in Smartmoney magazine. He explains the 10% rule and it just seemed like the most logical move for those who want to take a profit. For me, personally, I prefer the 10% drop as the trigger to put a few more bucks in and just leaving it there on the upswing.
80.
LMAO. The kids raised in the “Don’t hurt me” generation are just now entering the workforce. Should be interesting to see how they handle the real world.
I try to remind myself its all a cycle. To think otherwise is just unbearable.
I grew up in Somerset, one kid had to walk almost a mile each way to get to my bus stop. Not a single parent around then throughout the years. Never, ever did I see a parent near a bus. Btw, our mid-1960s kids could definitely beat up your 1980s kids. We had race riot experience.
Hi!
I was wondering if you accept guest posts? If so, do you have any guidelines? Would love to send some ideas your way.
All the best,
Chelsea
Yes we do but only if you post naked pictures of yourself. Sorry that is a strict policy
Chelsea Carter says:
October 8, 2013 at 4:11 pm
Hi!
I was wondering if you accept guest posts? If so, do you have any guidelines? Would love to send some ideas your way.
All the best,
Chelsea
freedy #11
I was not able to even get an account set up on healthcare.gov — it dies at different stages, even after taking all info. More than one week later, it still is a nightmare.
If the guys working on the system are billing by the hour, they must be rolling in dough.
AKA ACA. does anyone remember when the NJ DMV was upgrading their systems in the early 80s? They gave Anderson an exclusive fixed price contract to do all the programming. First day in production, everything froze. It turns out, Anderson coded using the popular 4th gen language of the day. Which meant every query was recompiled each time it was executed. NJ wound up having to throw the crap software out and re-install the cobol driven processing written in the 60s and 70s.
Frank Zappa pretty much nailed the future of the US back in 1980:
http://www.zappa.com/messageboard/viewtopic.php?f=4&t=11831
I actually used to hitchhike home from High School now and then. I did it once or twice in college when my car was broken.
I stopped after this really really weird ride. So I stick my thumb out like 8 miles from college and some creepy old guy in an old junky wagon pulls over. Goes where are you going, I go Saint Johns. He goes I know where that is I can drop you right off on campus. Well I am on my way to test and my car is broken and thinking why the heck would he drive me to school all the way but hey, it is an old truck moving slow and I am bigger than him.
So we get on Grandcentral parkway headed right away and he gets off a few exits early I am like you know where you are going, he goes I sure do. Ok so I am getting ready to jump as soon as car slows down and we pull into the Creedmoore mental institution parking lot, that is empty with weeks as it is 7:30am. I go to him, where are we? He goes where you want to be, so I open the door a bit have one foot out turn to him as I am about to run and say you do know we are at Credmore. He goes what my niece told me SJU is a big building off the grandcentral parkway. I go it is but three exits down. He is like my bad, we get in and he drives me to school ALL the way. Then I go thanks where are you off to. He goes back east guy was not even going that direction. I think he was going to chop me up and changed his mind. Or realized with my fist clenched and me being 40 years younger, taller and heavier he might be one to get killed and changed his mind. After that hitchhiking was not as fun. Last hitchiker I ever picked up was in my old CJ7 with the five inch lift kit no tops no doors two drunk girls with my buddy. Anyhow they go can I give a ride their friends. Seven of them jump in and I now have 11 people in a CJY. Three infront seat, one between bucks four in back seat and four standing behind back seat holding roll bar, I get car up to 60 mph to scare them and damm drunk bordy barn girls start rocking my car like crazy and those old jeeps flip I am like I am going to get arrested, so I start slowing down and girls go over there pizza, I stop and go with the seven girls to get pizza and one throws up and at this point I bolt. Still find it amazing. I was actually dead sober. That day I got hammered at Neptunes and went home and passed out at four pm, woke up around 8pm grabbed a shower and as I was driving by the barn I picked them up. For all they know I could have been drunk, damm I almost lost control. 11 people jumping in a cj7 on a turn at 60mph. Too bad no utube back then, I would have went viral
xolepa says:
October 8, 2013 at 4:09 pm
I grew up in Somerset, one kid had to walk almost a mile each way to get to my bus stop. Not a single parent around then throughout the years. Never, ever did I see a parent near a bus. Btw, our mid-1960s kids could definitely beat up your 1980s kids. We had race riot experience.
he nailed Suzie Creamcheeze too.
[83] grim,
No, blame their clients. Or contributors as the case may be.
Obama admits he makes decisions for political gain, instead of for “the country”:
http://www.theblaze.com/blog/2013/10/08/remember-obamas-2006-thoughts-on-raising-the-debt-ceiling/
Curt Schilling defaulted on a loan for a corporate entity he has no legal obligation to pay however, he has a moral obligation to pay and he is selling all his belongings to help pay it back.
Hear that HAMP/HARP deadbeats.
Schilling Personal Items on Sale
Paul Burton
OCT 8, 2013 4:56pm ET
Curt Schilling, the former baseball pitcher whose failed 38 Studios video-game company triggered a Rhode Island debate over moral obligation debt, plans to sell off personal items from his home.
Boo f’ing hoo. This is what happens when a baseball player with a high school education suddenly decides he’s a businessman.
I want fcucking money
Didn’t know there was that big of a call for socks with ketchup.
Guy has always been an idiot. Tried to parlay a slightly above average MLB career into being the next EA Sports by taking loans from the state on the hope Providence would become the next Silicon Valley.
It’s not in the game.
#32 yome
Tax Foundation is not exactly a reputable source.
hughes (99)-
To me, the most surprising thing is that Rhode Island didn’t let him skate on the loan or let him off with a partial payoff.
A friend posted this on Facebook. Apologies if it already went viral.
“I just received an audit on my tax return for 2012 back from the IRS.
It puzzles me! They are questioning how many dependents I claimed. I guess it was because of my response to the question: “List all dependents?”
I replied: 12 million illegal immigrants;
3 million crack heads;
42 million unemployed people on food stamps,
2 million people in over 243 prisons;
Half of Mexico ; and 535 persons in the U.S. House and Senate.” and 1 useless President.
Evidently, this was NOT an acceptable answer.
I KEEP ASKING MYSELF, WHO DID I MISS?”
[100] fabius
Why not? No colored funny pictures?
[95] statler
You mean this kind of political gain?
http://www.huffingtonpost.com/2013/10/04/white-house-government-shutdown_n_4043961.html
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