From the Record:
NJ home values to rise 5% a year, appraiser predicts
A growing demand for housing will push up New Jersey home prices about 5 percent a year for the next several years, appraiser Jeff Otteau predicted Tuesday.
The state’s slowly improving job picture is “like oxygen to the housing recovery,” Otteau said at a seminar in East Hanover for real estate agents.
Otteau, an East Brunswick appraiser who researches real estate statewide, said the state is on track to add about 40,000 jobs this year, after adding more than 66,000 last year – the highest number in more than a decade. However, New Jersey’s unemployment rate was still 8.5 percent in August, compared with a national rate of 7.3 percent. Moreover, the state lost jobs in July and August, though Otteau said that was largely the result of sluggish hiring at the shore because of damage from Superstorm Sandy.
Bergen County is among the areas leading the way in the housing revival, with a five-month supply of homes for sale, said Otteau, whose reports are widely followed in the industry. A supply below eight months generally results in rising prices. Passaic has a 6.4-month supply.
Eight of the 21 hottest markets in the state are in Bergen County, according to Otteau: Glen Rock, Wyckoff, Midland Park, North Arlington, Ridgewood, Emerson, Mahwah and Ho-Ho-Kus.
Otteau’s optimistic outlook was matched Tuesday by new data from the S&P/Case-Shiller home price index, which said that prices in the New York metropolitan area, including North Jersey, rose 3.6 percent from August 2012 to August 2013. Nationally, home prices were up by a more substantial 12.8 percent year over year. Both nationally and in the region, prices are back to the levels of mid-2004, and about 20 percent below the housing-boom peaks of mid-2006.
The area’s home prices have not been rising as quickly as national averages recently in part because they didn’t fall as far during the housing bust, and have less ground to make up. In addition, the foreclosure process in the region is among the slowest in the nation, leaving an overhang of distressed properties that put downward pressure on prices.
Otteau said that several New Jersey housing markets are still suffering, including the market for 55-and-up housing; the market for homes priced above $2.5 million, and markets in South Jersey and Sussex County, which are far from job centers. With gasoline above $3 a gallon, home buyers don’t want long commutes, Otteau said.
Frist.
Case Shiller NY Commuter Tiered Index – August Year over Year
Low Tier (Under $275146) – Up 6.4%
Mid Tier ($275146 – $449127) – Up 4.4%
High Tier (Over $449127) – Up 3.4%
Overall Market – Up 3.6%
From CNBC:
Home prices are still affordable, says Shiller
Home prices rose at their fastest pace in seven years in August, according to the S&P/Case-Shiller home price indexes, but one of the widely watched indexes’ creators claimed homes are still affordable, and there is no national price bubble.
“I define a bubble as a time when people have extravagant expectations, and the expectations are driving home price increases,” said Robert Shiller, Case-Shiller index co-founder and Yale University professor of economics, in an interview with CNBC. “We don’t have the mindset of earlier this century.”
Home prices are not being driven by extravagant expectations, as they were in 2005 and 2006, but by historically low inventory and strong investor demand. Sales, however, are beginning to fall off, as indicated by the latest pending home sales report from the National Association of Realtors. It showed a nearly 6 percent drop in signed contracts to buy existing homes in September from the previous month.
…
“Affordability is still good compared to any time over the last 50 years. Mortgage rates are still around 4½ percent; that’s not high. Homes are still roughly, in real terms, where they were 25 to 50 years ago,” he said.
Prices, however, usually lag sales, which means the big gains at the beginning of the year could soften. The S&P/Case-Shiller Indices are a three-month running average based on closings, so the data are somewhat outdated already. A report from Lender Processing Services shows home prices in August up 9 percent from a year ago.
…
“With survey evidence pointing to a significant increase in the share of homeowners who view this as a good time to be marketing and selling a home, housing inventory will continue to rise,” noted Paul Diggle at Capital Economics. He is predicting just an 8 percent annual gain in home prices for all of 2013.
I heard this story the other day and thought “hey, anon is a spokesman for Facebook. They’re using snarky insults as argument too”
http://www.businessinsider.com/forrester-report-says-dont-dedicate-a-paid-ad-budget-for-facebook-2013-10
Looks like we’re starting to see the beginnings of a mini refi boom as rates drop, likely the folks that missed the last opportunity and have been kicking themselves for it. From HousingWire:
Mortgage applications shoot up 6.4%
Mortgage applications leaped higher for the week ending Oct. 25, increasing 6.4% from a week earlier, the Mortgage Bankers Association said Wednesday.
The refinance index jumped 9%, while the purchase index grew 2% as refinance applications ticked up.
The refinance share of mortgage activity escalated to 67% of total applications, which is the highest level since June 2013.
From MarketWatch:
America’s least favorite neighbors: renters
Most Americans know their neighbors by name, new research finds, and might even invite them over occasionally for tea. That is, unless the neighbor is — gasp — a renter.
Indeed, people are more prejudiced against renters than any other group living on their street, according to a survey of over 3,000 adults released Thursday by research firm Harris Interactive on behalf of Trulia, a real-estate firm. Of those picky neighbors, 33% want people on their street to speak the same language, 16% want their neighbors to have the same family structure and 10% prefer the same race or ethnicity. But 35% (even those who are renters themselves) said it was most important that their neighbors be homeowners. In fact, 51% of homeowners say they prefer to have other homeowners as neighbors.
That may be disheartening news for the large proportion of renters who can’t actually afford to buy a home. Homes in just eight of the 25 largest urban areas are within reach of median-income households, according to data released last week by Interest.com, which tracks consumer credit. “Millions of owner-occupied, single-family homes that went into foreclosure in 2008 became rentals,” says Jed Kolko, chief economist at Trulia. The home ownership rate now hovers at 65%, the lowest level since 1995, after peaking at over 69% in 2004, according to the Census Bureau.
Other surveys give renters an even harder time. About three-quarters of homeowners in a recent survey by NeighborsFromHell.com say that renters are bad neighbors. “Renters are less likely to adapt to local customs concerning noise, trash, parking and lawn upkeep,” says Robert Borzotta, founder of the website NeighborsFromHell.com, which consistently rates noise as the No. 1 complaint about neighbors in its annual surveys. “Homeowners are perceived to care more about their property, its appearance, safety of the community and property values,” he says.
…
Americans have long preferred to live near “people like us,” studies suggest. There has been a marked increase in “residential segregation” by income over the past three decades, according to a 2102 survey released by Pew Research Center, which cross-referenced household income and “census tracts” by the U.S. Census Bureau. The share of middle class areas in the U.S. is down to 76% in 2010 from 80% in 1980, Pew found, with the share of lower-income neighborhoods rising to 28% from 23%, and upper-income areas doubling to 18% from 9%.
@MotherJones: Research shows that much-maligned food stamps result in broad economic and public health gains http://t.co/yMzoBlnKiA
Comrade Nom Deplume, leaving smelly Wilmington soon says:
October 30, 2013 at 7:08 am
I heard this story the other day and thought “hey, anon
One day closer to oblivion.
It’s predictable that anon is acting even more outlandishly as the messiah myth is dismantled.
Long Island Power Authority Offers to Redeem up to $2.5 Billion of its Bonds
by Robert Slavin
OCT 29, 2013 5:31pm ET
The Long Island Power Authority offered to redeem up to $2.5 billion of its bonds as part of an overhaul intended to lower electricity rates to its customers.
This is interesting they are offering to redeem my high coupon tax free muni bonds. Once again why would I agree? Maybe I would take it on some of the puerto rico junk I have even at a slight loss. But LIPA got a ton of money from FEMA and NYS and the gov completely is backing them. Next gov next storm they could be kaput but then again we are talking bonds that have a shelf life.
The End Is Nigh (CPA Edition):
PricewaterhouseCoopers, Booz & Co. to Merge, No Terms Given
When you disagree, do the simple thing…..act like a hoodlum…of course there never is an issue when Louis Farrakan wants to visit…..
“They decided not to cancel the lecture, so we decided to cancel it for them,” said Jenny Li, 21, an environmental studies student.
HI JENNY…..MAKE SURE TO PUT THAT QUOTE IN YOUR LINKED-IN PROFILE SO FUTURE EMPLOYERS CAN KNOW YOU TRUE CHARACTER.
NY CRIME
Kelly Booed Off Stage During Talk
By PERVAIZ SHALLWANI
PROVIDENCE, R.I.—A small but vocal group of protesters Tuesday shouted down New York City Police Commissioner Raymond Kelly at Brown University , leading administrators to cancel his lecture after he delivered only a few words.
The backlash to Mr. Kelly’s appearance at the Taubman Center for Public Policy has been brewing for days—several student groups and Providence residents attempted to get the university to rescind Mr. Kelly’s invitation, which was denied.
Mr. Kelly has been heralded for bringing crime in New York City to the lowest point in more than 50 years, but he has also been in the spotlight after a federal judge ruled that the NYPD’s stop-and-frisk practice was unconstitutional because it disproportionately targets minorities.
Mr. Kelly was scheduled to give a short lecture followed by a question and answer session. The speech was intended to cover the NYPD’s approach to policing and stop-and-frisk.
Students booed Mr. Kelly as he was introduced by Marion Orr, the director of the Taubman Center, and began loudly talking over him when he began to speak.
The protesting continued—some students shouted about rights being violated—and after about 30 minutes administrators canceled the lecture.
“The conduct of disruptive members of the audience is indefensible and an affront both to civil democratic society,” Brown University President Christina Paxson said in a news release.
Protesters said that Mr. Kelly was a divisive figure and students should have been consulted about the event.
“They decided not to cancel the lecture, so we decided to cancel it for them,” said Jenny Li, 21, an environmental studies student.
#12..read the LinkedIn on the “coordinator” Kristy Choi…some “debate”….
12 – The Environmental Studies major says it all. I realize that the world needs some environmental scientists but far too many idealistic kids waste their college tuition money on this major only to find out there are no jobs. Her fate in the job market is sealed unless she switches her major…..
yes anon all people on food stamps are poor destitute individuals with no way out
http://blogs.star-telegram.com/investigations/2012/05/food-stamp-cheats-selling-benefits-cards-for-cash.html
please don’t ever go away you keep my research skills up and maybe you’ll actually learn something now that the mask is off your messiah
first job out of college was in environmental at $10.26/ hour. They made me salary at 32K a year when I was making too much in overtime. I only know a few people who have done really well in that field and they are few and far between or the owners of the companies.
We were also the largest polluters based on the chemicals we used, bit of irony there.
Nice…
Summary
I believe in the potential of a crowded room and the power of anti-oppression education.
I am seeking opportunities to organize around and write about important issues, in particular environmental justice, race politics, and feminism.
Organizations Kristy supports:What are your favorite organizations?
•Upworthy
•Mother Jones
•Democracy Prep Public Schools
•ACLU
•Southern Poverty Law Center
13.1987 Condo says:
October 30, 2013 at 9:04 am
#12..read the LinkedIn on the “coordinator” Kristy Choi…some “debate”….
Here are some comparisons from an actual open market for health insurance, both for a 51 year old man and then for a 27 year old woman.
These are from ehealthinsurance, which you can go to to check for yourself how badly you will be screwed blind by this outrageous act of theft.
There are 46 pre-2014 compliant plans offered. This is a bit down from the “bottom” cost, but has deductibles that are reasonably similar.
Now let’s look at the 2014-compliant plans.
There are four offered — and only four.
Of them the cheapest, at $510.17, is 170% more in premium than the reasonably-comparable Humana plan from the same company. Note that while the deductible of $7,500 on the pre-2014 plan is more than the $6,300 deductible for 2013, the annual premium price is $3,877 higher while the deductible is only $1,200 more.
That is, if you actually use the plan (you need health services) you will lose under the new program by more than $2,600 (a more than 100% increase in your total cost) and if you do not use it you will spend $3,877 more — 170% more.
Again, a $7,500 deductible plan today for a 27 year old single woman can be purchased from Humana for $99.09. There is a collection of 64 such plans offered in this area.
The same woman under Obamacare can choose from five plans and here’s what they look like:
The closest plan is $286.67 a month, or more than 189% more. This woman will pay $3,440 for her coverage, but the price pre-Obamacare is $1,189. Again, if she uses the policy she will spend $1,200 more on deductibles, but under Obamacare she will spend $2,251 more on premiums and thus she will lose $1,000 if she needs health care.
That means the 27 year old woman will spend 44% more under Obamacare if she uses health care and a stunning 189% more if she is healthy and does not need to use health care during that year.
Savings? Where?
These are actual policies you can check on your own at ehealthinsurance.com.
The only people who will “win” are those who get subsidies. But stealing from one person to give to another doesn’t lower cost as you can see, it in fact raises cost because you have connected demand to an infinite source of money!
As such only unsubsidized comparisons of price are valid, and when you look there what you find is that Obamacare is an outright disaster — for everyone.
http://market-ticker.org/akcs-www?post=225540
The only people who will “win” are those who get subsidies.
From those with means to those with needs. And thus, the voting bloc is intact.
“Here is why Americans don’t trust this health care law: they do not trust the guy who created this health care law. The guy who said we could keep our doctor but now acknowledges maybe not. That guy is you, Mr. President.”
The promises broken, the promises forgotten. Lost in the legalese of an administration now drifting, and an administration’s whose idea of action is making a good speech, and suddenly shocked to find out Americans are now saying, ‘Good grief!’ Because they’ve heard all they want to hear, Mr. President, and they don’t want to hear anymore. Because they thought you meant what you said, but they’ve come to discover what you said you didn’t mean. That’s what all this means, sir.
One too many promises broken, and now just broke. That’s what is at issue here, Mr. President. It’s not that Americans find you to be a broken record. I hate to break it to you, sir, they find that your broke, period. No follow-through, just through.”
– Neil Cavuto
ChiFi(from last night) wrote of Anon, “always full of surprises…..I guess we can add anti-semite to your throne of hypocrisy”
Antisemitism too, is in the liberal playbook. Ever since ‘W’ went on the record promoting he was a ‘friend’ of Israel, the lefties have decided that they can no longer be. I’m not concerned about what that gadfly says. Anon’s words have about as much value to me as what I put in a littly baggy this morning when I walked my dog. Funny, every time I walk him, I can’t help but think of Anon. Both victims of conditioning who can not think for themselves. In actuality, I think my dog is smarter. Yesterday, he ate the babies ‘puffs’ that we accidentally left out on our dinner table. If Anon was left home, he probably would have tried to figure out how to steal food from the neighbor’s dinner table.
Here’s a question: If you are a section 8 classification and are receiving food stamps, welfare, a Bomma phone and now Bomma care, how is the co-pay and the deductible subsidized? Does the recipient have to pay for it or does that also get paid through tax extortion as well?
At least we can take solace in the knowledge that when the class warfare reaches the shooting stage, guys like anon will be taken out first.
eddie it is also subsidized by the productive so essentially. all of their needs are taken care of. no different from usual.
I know I’m uncaring, who would want to live in those conditions. Well a sh!t ton of people do and show with no signs of getting out of it. What liberals have done to poor communities they so love to cry victim hood for is a criminal act. All for votes and their good feelings.
Most liberals are more racist than Klansmen. They have no problem whatsoever in taking away one’s God-given right to fail, in return for votes and complacency. Simultaneously, they presume that it’s ok for a country to be run by a self-appointed, entitled elite whose power should be greater than that of law or even simple common sense.
The current debacle will end about as well as Johnson’s War on Poverty did: with billions of dollars flushed down a rathole, the permanent underclass further locked in and a middle class even further disincentivized to do anything except take up arms.
“At least we can take solace in the knowledge that when the class warfare reaches the shooting stage, guys like anon will be taken out first.”
Disagree: Anon will use his postings here as evidence to get himself admitted to the gubbmint protected FEMA camps.
Sooooo…Jeffrey Otteau saying 5% home price appreciation/yr for the next few years in NJ. Same prediction different year?
Lib (21):
That is an interesting comment regarding liberals and anti-semitism. Although, I should be a little more observant as I live in the PRM.
hype (26)-
Brilliant. Quarantining, disguised as protection.
how is the co-pay and the deductible subsidized? Does the recipient have to pay for it or does that also get paid through tax extortion as well?
They will go unpaid and into collections … and this should be a surprise to no one.
“These are from ehealthinsurance, which you can go to to check for yourself how badly you will be screwed blind by this outrageous act of theft.”
-the ehealthinsurance CEO would be inellibigle for any of these health plans without Obamacare as he has a preexisting condition. So does his son.
As for insurance companies dropping people:
The only people who are allegedly losing their healthcare are people who never actually used their plans to find out the insurance company would drop them or deny their claim or stop paying up to a cap once they got really sick. The insurance companies could have upgraded their half ass policies to comply with the law but they chose not to. Perfect example of why we need minimum standards in the insurance industry and why we can’t trust businesses to regulate themselves.
If you don’t like Obamacare, blame conservative republicans–They came up with the idea. Bring on single payor!
Anyone else notice that even conservative talk radio shows now have commercials encouraging people to sign up for medicare, ACA, and foodstamps?
Sad but you highlight a success story. Someone who was motivated to run a business and enrich themselves so they could become self insured.
31.Ottoman says:
October 30, 2013 at 11:49 am
-the ehealthinsurance CEO would be inellibigle for any of these health plans without Obamacare as he has a preexisting condition. So does his son.
It doesn’t matter who came up with the idea. It’s still a bad one and creates more problems than it solves. I think most people in the US today are average people who politically are closer to the center than they are left or right and just would like to see the US succeed.
31.Ottoman says:
October 30, 2013 at 11:49 am
If you don’t like Obamacare, blame conservative republicans–They came up with the idea.
Anyone else notice that even conservative talk radio shows now have commercials encouraging people to sign up for medicare, ACA, and foodstamps?
Reflective of a nation in rapid decline, lead by a man born to disjoin, alienate and create societal refugees.
Why couldn’t they just pass a brief law that established minimum standards required of health insurance? Legislators also can’t be properly trusted to pass laws that aren’t full of pork, special interests, and unintended consequences either. That’s why people are tired of congress and state legislative bodies that pass miles of laws under the guise of good intentions. It usually results in a sh1t sandwich for the middle class.
We’ve come to expect this sort of thing from our representatives…it comes as no surprise. But, what’s so offensive about the ACA is clearly demonstrated by your comment “Bring on single payer”. This would indicate the ACA is an outright lie intened to cause suffering. A means to an end.
31.Ottoman says:
October 30, 2013 at 11:49 am
The only people who are allegedly losing their healthcare are people who never actually used their plans to find out the insurance company would drop them or deny their claim or stop paying up to a cap once they got really sick. The insurance companies could have upgraded their half ass policies to comply with the law but they chose not to. Perfect example of why we need minimum standards in the insurance industry and why we can’t trust businesses to regulate themselves.
If you don’t like Obamacare, blame conservative republicans–They came up with the idea. Bring on single payor!
It’s all rapidly turning to sh-t now. I laugh at all the taper talk. There are only two options. Pull the plug and let the IMF in for the “one-time” wealth tax or increase QE.
Real estate couldn’t handle a 1 percent increase in rates. Can’t wait to see what happens when we double that.
Re: obamacare
No one I know has even seen an obamacare enrollee yet. That’s the elusive piece that needs to be revealed to see just how bad obamacare will be.
Right now, what rallying cry seems louder….
“Bring on single payer” or “Repeal Obamacare”
Ottoman,
Let’s pass a law tomorrow: single-payor… nation-wide. Ok. And this is going to bring down the outrageous cost of healthcare?? (which is THE f-cking problem which causes all the rest)
But let’s not discuss that.
I drink a lot of booz with my friends at PwC so I guess it makes since.
CHFI what do you think of the LIPA bond tender offer? I read it kind of crazy I can tender they pick price or I pick price and too high I dont get picked.
Meanwhile LIPA aka LILCO long term bond holders are senior citzens, whats with the huge complicated tender offer.
chicagofinance says:
October 30, 2013 at 8:55 am
The End Is Nigh (CPA Edition):
PricewaterhouseCoopers, Booz & Co. to Merge, No Terms Given
Fck LIPA….a-holes!
street (32)-
That’s because teams red and white are working from the same playbook: to make me and you sick, stupid and dependent.
“Anyone else notice that even conservative talk radio shows now have commercials encouraging people to sign up for medicare, ACA, and foodstamps?”
NSA tapped the pope’s phone. You can’t make this shit up.
http://www.zerohedge.com/news/2013-10-30/nsa-tapped-pope-spied-vatican-prevent-threats-financial-system
Hype,
Had some super liberal friends (from the PRM) over for dinner last year and the topic of Iran’s nuclear power program came up. My opinion was that as soon as Iran gets close to getting their reactor online, Israel will destroy it. The friends were thoroughly convinced that this would bring on the start of WWIII. I told them that it would most certainly not. Perhaps in the UN, Israel will be shamed, and most likely in the Lefty press. But secretly behind doors, the world will be toasting Israel for doing what needs to be done. They all thought I was crazy. They also said that if Israel improved their relationship with the Palestinians, then Iran wouldn’t need to build the nuclear option. I told them they were all smoking crack. They believe whatever Chomsky and that fiscally irresponsible economist Krugman tells them. Like Anon, they too can not think for themselves.
So have you been following the Salem Witch Trials in Montklair? For those not up to snuff on the latest controversy in good ‘ole Montclair, the BOE hired a new Superintendent who studied at the Broad Academy. It doesn’t matter that the former super lied repeatedly about supposedly improving the achievement gap meanwhile showing fiscal prudence and accountability that was worse than I’ve ever seen, well perhaps leaving out Congress. Well just as the school system was being financially audited and the school was about to fail APR for a third straight time in three years, he left for the richer pastures of Rye, New York, where he could collect his 200K salary plus his >100K NJ pension simultaneously. Unbelievably, the town loved the guy and nearly elevated him to sainthood since he drank the ulta-liberal fruit punch. Well in comes this Broad graduate who wants to perform quarterly assessments so that benchmarks can be measured which should provide some academic accountability to the school system. It may also allow the few poorly performing teachers to be removed. It all sounds pretty fair to me. But not to the Liberal Playbook readers of Montklair. Since the day she took the job, the residents have done everything in their power to fight tooth and nail against her success. The latest issue is that someone posted a bunch of the 1st quarter assessment exams to the internet prior to their dissemination in the classroom. It’s not yet known who did it, but I can’t think of a motive besides an attempt to sabotage the Broadie.
It’s funny, the mayor in Montklair appoints the BOE who then chooses the Super. The mayor and this council are extremely liberal. They were the most left of the three tickets who ran. Now why would they choose such a game changer to be super? Because the schools in Montclair are really much worse than people make them out to be. They DO need reforming. Unfortunately, that elitist mentality that so pervades Montclair, where residents and town leaders alike cannot actually admit to any possible wrongdoing, is doing a lot of harm to the children of Montclair. As you all know, our family moved primarily to escape the town debt and mediocre schools. This is after spending nearly 16 years living there. It’s a wonderful town to spend time in, but not so great a town to own in. Not unless you are willing to deal with inferior government services that cost way more than that of their neighbors. I’m pretty liberal when it comes to social causes, but at what cost? The attack needs to be aimed at narrowing the income gap. In Montclair, it appears to be OK to take from the middle class to pay for the lower class.
Here is one other example of the average Montclair thought process. This is from the Watercooler, a Yahoo User Group that is very popular in Montclair.
Let the laws of supply and demand govern our commuter parking lots!
I parked at the Walnut Street Station for many years. The current cost of parking is a bargain. $600 / 200 business days = $3 per day. There is a multi-year waiting list for parking permits because the price is too low. The cost could be doubled and there would still be a waiting list.
I suggest that the basic resident commuter parking fees be raised, the non-resident commuter parking fees be raised even more, and impose a fee to allow a car-sharing option for an additional $100 per year. I also suggest that we outlaw selling or renting your parking to someone else, so that you can keep (hoard) your permit while not using it.
Higher parking fees will cause more folks to walk or bike to the train station, rather than drive, reducing pollutants and improving the lives of all. The extra income can be used to improve the cleanliness and safety of the lots, and contribute to the general fund for town expenses.
Regards,
Kevin
Kevin Courtney
If you don’t agree with this economic analysis, look at the parking fees for a few hours at the Meadowlands for the Giants or Jets game ($35), or the cost of a spot in mid-town for a single day (from $25 to $45).
I got a chuckle the other day when Sen. Feinstein got all upset over the NSA recording the likes of Angela Merkel – but its perfectly fine to record Joe Six Pack.
The people running this country are so in their own bubble it boggles my mind.
Phone taps make baby Jesus cry
Why tell me more? I got some LIPA bonds and want to unload some by year end. Trying to figure what to do with tender.
I used to date a rich girl like many many years ago and Mom was like I put all my money into rental properities, LILCO now LIPA bonds and whats left over in a Stock fund.
She had tons of 9-11% long term LICO bonds tax free she never tender as she said screw it they always have credit risk and pay high tax free yield bu in end they always get baild out. She has been rolling the bonds since the early 1970s.
I dont know who the dummy is. She always reported just enough to break even on her 20 rental bonds, the LIPA bonds were tax free. Lady with a HS degree over 50 years of investing is like Peter Lynch. Keep it simple, avoid taxes only buy things you understand and generate income.
chicagofinance says:
October 30, 2013 at 12:44 pm
Fck LIPA….a-holes!
All your kid are belong to us!
We them teach environmental studies, ethnic studies, and our version of History.
Now they our minions, and think where we point them with bomaphone twitter messages.
Lib there were 3 tickets in Montclair? What were they liberal , ultra liberal , and communist? Of course they are railing against the poor woman she is trying to get accountability which would shine light on the poor to failing reults. Can’t have facts get in the way with how you feel, or have your policies disproven on a wacky thing like results. I’m surprised you and Gator lasted that long no amount of downtown or brickoven pizza is worth the Sh!t shoveled in that town.
As far as the cost of a commuter parking I think one of the progtards accidently stumbled onto supply and demand and the efficiency of markets in their attempts to be green and equitable. I mean f*ck for 3 bucks a day I would not give my pass either, and I live in Morris County.
Lib,
The west has been attacked by islamic terrorists for thousands of years. 9/11 was just a reawakening. The United States has been attacked by muslim terrorists since the 1780’s. This was known then as the Barbary Wars. Understand that they will never stop attacking us. Foolishly, some people think we can somehow reason with them.
http://memory.loc.gov/ammem/collections/jefferson_papers/mtjprece.html
The US Navy exists as a strong part of our military thanks to the muslim pirates of the 1600’s to 1800’s.
Look at how the ignorant masses of Washington DC tarred and feathered Michelle Rhee after she tried to test students and teachers. The government workers and government dependents now run the show and the voting booths. Idiocracy, here we come.
What do all the right-thinking Montklairians say about gun battles downtown and the steady stream of people who seem to think the only relief in life is walking in front of an NJ Transit train?
Lib and Pain:
Wait until the PRM use the meter maids to check to see if your car and only your car is in the paid parking spot. Cannot have a citizen making a few bucks allowing someone to use thier parking spot. I see a great new revenue stream here!
If I was shelling out 30K/year to send my kid to MKA, I wouldn’t want my local publick school to improve, either.
Don’t want one of those little shines competing with my Buffy or Graydon for a spot at Yale…
Methinks my periodontist uncle who has a practice in the PRM is about to GTFO.
I told him six years ago the taxes and the stupid would eventually exhaust him. Too bad he was swilling the Koolaid then.
AG (37):
As expected, no taper. Wall Street will not accept 85 billion/month in 2014. Expect uber-dove Yelllin to boost it to 120-150 billion by March next year.
“Don’t want one of those little shines competing with my Buffy or Graydon for a spot at Yale…”
Now you’ve gone too far. :P
Re: FED -What’s a trillion a year between countrymen? Who cares if it pretty much matches up with the Federal Government deficit each year? The output gap needs to be filled with skittles and unicorns folks. There is no way there will be deflation. Inflation erases all debts EVENTUALLY. You just need to be alive to reap the benefits.
http://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
Hype with ideas like that you should run for city council, think of all the money you could make from graft and you won’t have travel to Morris County for work. Hell ideas like that will make people think you have a public employee in the family and already thinking the correct way ; )
Luv ya big guy
#21 Lib
So saying Captian Cheapo hoards pennies is now antisemitic? Mmkay!
What your post does not factor in that a lot on the left support the Palestinian position. That’s not antisemitic, that’s a difference of opinion.
And some on the left support Israel as well.
http://www.huffingtonpost.com/…/dnc-god-jerusalem-platform_n_1859200.htm
THEY.ARE.THE.SAME
Names have never hurt me. Especially coming from a parrot. It’s funny that Palestinian position that the left has latched on to. Even the majority of the Muslim community give little support to their plea. Yes it would suck to be them, but every opportunity they had for a decent peace settlement has been rejected by their morally and fiscally corrupt leaders. Religion is crap. I am not bothered by antisemitism than I am by any other form of prejudice. Yes it sucks that West gave Israel to the Jews. But had the West intervened earlier in the war in Europe rather than wait until it was almost too late (a rather liberal position), Israel would most likely not have been given to the Jews. Are you aware of the ships of Polish and Russian Jewish refugees that were turned away in New York? Jews sent films of the atrocities to their relatives in the states, only for them to be denied as existing by our government. Two wrongs don’t make a right, obviously, but the Palestinians do little to help their cause. And the West should worship the ground Israelis walk on. Without them, our need for more intervention into the middle east would be much greater. Israel is like our Bikini Atoll of today.
People just love to hate the jews.
Fab [61];
I think its a little deeper than that. And goes back long before GWB. Rooted in the left’s communist DNA.
http://www.anvari.org/shortjoke/Miscellaneous_Jokes/16781_taken-from-the-jokes-of-oppression-the-humor-of-soviet-jews.html
People just love to hate the jews.
They are just jealous.
(63) Are you aware of the ships of Polish and Russian Jewish refugees that were turned away in New York?
Nothing compared to Operation Keelhaul
gluteus (61)-
Funny. I thought the centerpiece of the Palestinian position involves the destruction of Israel.
“What your post does not factor in that a lot on the left support the Palestinian position. That’s not antisemitic, that’s a difference of opinion.”
Funny how often you find self-loathing Jews who are all the way out there liberal.
The great flip flop will occur soon enough Clot. Religious fundamentalism should be outlawed.
I thought you were Irish not French…….I can’t decide if you are willfully ignorant or just a double talking pig #ad hominem
Fabius Maximus says:
October 30, 2013 at 3:21 pm
#21 Lib So saying Captian Cheapo hoards pennies is now antisemitic? Mmkay!
What your post does not factor in that a lot on the left support the Palestinian position. That’s not antisemitic, that’s a difference of opinion.
Hate to disrupt the group-think here but figured I’d share:
http://finance.yahoo.com/news/governor-obamacare-critics-chill-150152037.html
ccb223: explain this part “He said the enrollment numbers break down as about two-thirds Medicaid and one-third qualified health plans, though that is expected to even out. “
The End Is Nigh (No Alcohol Served to Minors Edition):
Justin Bieber “made it rain” with money during a recent visit to a strip club in Huston, according the strippers who work there.
The 19-year-old star recently visited VLive, an alcohol-free strip club in Houston, In Touch reported, and the star dropped $10,000 in less than 90 minutes.
“I walked away with $7,000,” Diamond, the exotic dancer who performed for the pop star, exclusively tells the mag.
“A few other girls split the rest,” she adds. Diamond says Justin wasn’t shy when it came time for a lap dance. “He grabbed my butt and asked if it was real,” she says, “and smiled when I said yes.”
She said Justin got even more excited when his own unreleased song was played over the club’s sound system. “That was when he made it rain,” she says. “He went crazy!”
Chicago – not sure, didn’t get that reference either, need to look that up.
More fodder: http://takingnote.blogs.nytimes.com/2013/10/30/the-uproar-over-insurance-cancellation-letters/?hp&rref=opinion
Also, love the thought of Beiber making it rain…the little guy is all growns up.
but all of you do
@BarackObama: “Most Americans don’t see things through a political lens or an ideological lens.” —President Obama
Here is the countervailing diatribe…..
“Liberals claim the new insurance should cost more because it’s better, at least as defined by liberal paternalism. But the real reason they want policies to cost more is to drive as many people as possible out of this market and into the subsidized ObamaCare exchanges.
http://online.wsj.com/news/articles/SB10001424052702304200804579163541180312658
Yeah, but so does the President and his staff, so what is the point. He states (potentially) a fact, but he does not include himself. As a result, I submit to you, it is a disclosure of a strategist who uses this information to manipulate his target audience.
anon (the good one) says:
October 30, 2013 at 6:54 pm
but all of you do
@BarackObama: “Most Americans don’t see things through a political lens or an ideological lens.” —President Obama
bu aren’t you supposed to be more of a capitalist than ideologue?
@scottbix: The U.S. Chamber of Commerce is taking on the Tea Party in a battle for control of the Republican Party http://t.co/b0JuqwD8Wx
The U.S. Chamber of Commerce fired an opening salvo yesterday in the battle for control of the Republican Party, endorsing a self-described “pro-business” candidate in a special U.S. House race whose opponent is backed by Tea Party groups and is vowing to “be like Ted Cruz.”
ccb223: explain this part “He said the enrollment numbers break down as about two-thirds Medicaid and one-third qualified health plans, though that is expected to even out. “
the Medicaid enrollment is more straightforward and simplified so people eligible have been quicker to sign up. Since eligibility is based on an income threshold states should be able to reasonably project final enrollment numbers.
It’s Cabbage Night/Goosey Night/Mischief Night in my neighborhood. Kids just went by my place have toilet paper and socks full of flour but no eggs or shaving creme that I can see.
Back in the day it was an all out war. Several hundred unruly kids destroying the neighborhood, the cops called out the Fire Dept to hose us down one time when it became a mob scene. We also once made a dummy out of magazines and old clothes and hung it over a tree limb on the main road, and would raise it and lower it as cars went by…. We even decorated the cop cars as they came by to check on us…
We were just booed. Someone rang our doorbell then ran. I was fully expecting the flaming paper bag of dog sh1t, but instead found a bag of candy with a note attached to it saying that we were booed and that we now need to boo two other homes, which of course we did. I love this town. Tomorrow, we’ll hear how tons of cars were spray painted and had their tires slashed in Montclair. Eh, I guess it’s socio-economic, right Anon? Off to my hockey game. 10:30pm in Hackensack. Joy!
The Good ole days we used to terrorize us and the locals. Took it to a new level in college and terrorized the campus police with paint ball guns and camo. Today I would probably be shot so cop.
This, from a guy who jammed a giant piece of legislation- written by insurance company flacks- through both houses of Clowngress, who voted on it without reading it:
“Most Americans don’t see things through a political lens or an ideological lens.”
-Bojangles
Wonder if I can squeeze off a few rounds tonight without getting noticed…
[63] You honestly believe that?
Baa! Baa!
Gun-Control Advocacy Group Rallies in Montclair
In honor of National Domestic Violence month, group emphasizes the nine American women killed with a firearm by their intimate partners each week.
Posted by Teresa Akersten (Editor) , October 29, 2013 at 01:36 PM
Comment Recommend
The New Jersey Chapter of Moms Demand Action for Gun Sense in America held a rally in Montclair’s Watchung Plaza Sunday.
The non-partisan, non-profit organization collected signatures for a letter to Rep. Rodney Frelinghuysen (R-11) and other U.S. Congressman from the state who have yet to co-sponsor HR-1565, which would expand background checks for those wishing to purchase firearms.
In honor of National Domestic Violence month, the group emphasized the nine American women killed with a firearm by their intimate partners each week.
Children decorated and colored number nines made out of construction paper.
The handmade nines will accompany letters to Frelinghuysen’s office, as well as the other representatives on the list. A sample letter is posted here.
#63 Lib
Support for Palistine, comes from a lot of quarters even up through the Evangelicals who want it back in Christian control for the second coming. For the left you have to look earlier through the end of the 19th Century and the fall of the Ottoman empire. In 1917 Jerusalem was under control of the British. The British pushed to split up Palestine and create a homeland for the Zionists. There were many reasons for this. It would allow the British a strong foot hold in the area facing off against Egypt, it would also buy support in Russia and America. In 1948 instead of following the precedent set in India declaring Palistine independent, they went the other way and with the backing of Harry Truman, created the two states. This is why there is so much support for Palestine in places like Ireland. What the British did to Ireland with Partition, they did to Palestine. Same with the Basques in France and the Catalans in Spain.
Haute Hughes Cuisine:
The buns are funnel cake-battered Twinkies, and the patty is a blend of pork belly and beef topped with American cheese and applewood smoked bacon.
http://pytphilly.com/tagged/botw
Your rambling blather is patently disgusting. I’m sure you can recount all the positive things that Hitler provided to the Germans until he went completely off the rails as well. Have you ever set foot in Palestine? Have you seen Jews and Palestinians interact? Have you ever needed to be issued multiple passports because several Middle East countries will refuse a visa should the passport contain an Israeli stamp?
#ad hominem #Elite 140 #immense balls for a diminutive foreign national on U.S. soil looting our nation.
Fabius Maximus says:
October 30, 2013 at 10:20 pm
#63 Lib Support for Palistine, comes from a lot of quarters even up through the Evangelicals who want it back in Christian control for the second coming. For the left you have to look earlier through the end of the 19th Century and the fall of the Ottoman empire. In 1917 Jerusalem was under control of the British.
RED SOX BABY!!!!!!!!!!
#90 Chi
You don’t like me, got it and I don’t really give a sh1t, but “Reductio ad Hitlerum” really? Your view is really funny as I lived in Germany for a while and dated a Jewish girl while I was there. Long story short, she broke my heart and the Frankfurt Temple is beautiful.
As for the Irish, throughout the Troubles, with all the rioting and bombing, the Belfast Temple was not touched, it was not their fight and that was realized. For the Irish support of Palestine, is not an indictment of the Tribe. My cousin summed it up better. She spent three years on a Kibbutz and came back with the view, that the two state solution is the only answer as the generations on both sides since 1948 have a bigger say than historical rhetoric.
No I have not set foot in Palestine, but my father drove a hire care from Jerusalem into Palestine until he got a few miles down the road and they turned him around because of the color of his license plates. My uncle used his Irish Passport to flag down the Irish Ambassador to hitch a lift from a slightly unconformable situation he got himself into, around 9/11.
What I am pointing out in this argument is that, Lib can’t call, that when W says he is a “friend of Israel” the left are jumping on the other side of the argument. My point is that, W is irrelevant, the left were already there on that position for reasons other than where W stood. Painting Liberals into an anti-Semitic position on that is a big stretch.
Now let me step aside for a moment. I sure Eddie Ray will be in here in a moment. Between the Pats not getting a look at a Superbowl this year and the Toon in the toilet, he must take the little victories where he finds them.
[92] Minimus,
I don’t consider this victory so little. As for whatever you’ve been fighting about this time, I haven’t been following much as I’ve been in Delaware the last six weeks on a project. But I’m sure it’s trivial and incoherent.
Nah. Gluteus just got himself into a mess by trying to imply that liberals of a reasonable mind can support a nation whose charter contains language that expresses its desire to see Israel destroyed.
And, yes, Palestine never removed the destruction of Israel stuff from its charter.
Wicked! MKAY…. now STFU and go beat up your own fans like they did in 2004.
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