North Jersey Contracts – November 2013

Here it is! The first look at pending home sales (contracts) for Northern NJ.

(Source GSMLS, except Bergen- NJMLS)

November Pending Home Sales (Contracts)
——————————-

Bergen County
November 2011 – 523
November 2012 – 543
November 2013 – 627 (Up 15.5% YOY, Up 19.9% Two Year)

Essex County
November 2011 – 226
November 2012 – 235
November 2013 – 335 (Up 42.6% YOY, Up 48.2% Two Year)

Hunterdon County
November 2011 – 77
November 2012 – 82
November 2013 – 113 (Up 37.8% YOY, Up 46.8% Two Year)

Morris County
November 2011 – 278
November 2012 – 301
November 2013 – 349 (Up 15.8% YOY, Up 25.5% Two Year)

Passaic County
November 2011 – 158
November 2012 – 165
November 2013 – 219 (Up 32.7% YOY, Up 38.6% Two Year)

Somerset County
November 2011 – 172
November 2012 – 161
November 2013 – 251 (Up 55.9% YOY, Up 45.9% Two Year)

Sussex County
November 2011 – 87
November 2012 – 89
November 2013 – 128 (Up 43.8% YOY, Up 47.1% Two Year)

Union County
November 2011 – 234
November 2012 – 236
November 2013 – 294 (Up 24.6% YOY, Up 25.6% Two Year)

Warren County
November 2011 – 64
November 2012 – 60
November 2013 – 94 (Up 56.7% YOY, Up 46.9% Two Year)

This entry was posted in Economics, Housing Recovery, New Jersey Real Estate, North Jersey Real Estate. Bookmark the permalink.

109 Responses to North Jersey Contracts – November 2013

  1. grim says:

    Looks like the Western side of North Jersey took center stage in November – Sussex, Warren, Hunterdon, and Somerset (more central than west, but part of the contiguous block) showing big YOY gains compared to the rest of Northern NJ. These counties were the laggards in the early part of the recovery.

  2. grim says:

    Clinton a whopper of a jump, from 2 UC’s in November 2012 to 20 UC’s last month. Sales up from 3 last year to 11. In Sussex, big winner is Vernon, but the year over year gains were pretty broad (which can be applied across all 4 counties really).

  3. grim says:

    From HousingWire:

    Housing prices cool down amid winter freeze

    The housing market’s dramatic summer growth is cooling down as homebuyers trudge into a winter slowdown.

    Home prices dipped back down to 10.8% year-over-year growth, a meager decrease from last quarter’s 11% annual growth, the latest Clear Capital Home Data Index shows.

    The HDI compares the most recent four months to the previous three months, with no fixed-start date to reduce time delay.

    “As the year comes to a close, make no mistake, home prices across the country are cooling from the red-hot 2013 recovery,” said Alex Villacorta, vice president of research and analytics at Clear Capital. “Though some market observers may take this as a sign of a deflating bubble, we see this as a natural, and welcomed evolution on the horizon of the new housing landscape.”

    In addition, the quarter growth witnessed a more substantial tumble and fell to 1.8% from the previous quarter’s growth of 3.3%.

    The Midwest and Northeast were the only two regions to experience small gains in yearly rates of growth over the previous quarter.

    “Since the market trough in the fall of 2011, national prices are up 17%, undoubtedly a strong resurgence in overall prices. Yet, national prices today are back to where they were in 2003, indicating that overall the housing market is at pre-run-up norms,” Villacorta added.

  4. grim says:

    Big drops in inventory heading into December, some of which should be expected as we’re already squarely into the annual seasonal decline (which bottoms in late Winter/early Spring).

  5. grim says:

    Bergen
    Nov 2012 – 4634
    Oct 2013 – 4138
    Nov 2013 – 3712 (Down 10.3% MOM, Down 19.9% YOY)

    Essex
    Nov 2012 – 3207
    Oct 2013 – 2955
    Nov 2013 – 2598 (Down 12.1% MOM, Down 19.0% YOY)

    Morris
    Nov 2012 – 3400
    Oct 2013 – 3387
    Nov 2013 – 2987 (Down 11.8% MOM, Down 12.1% YOY)

    Union
    Nov 2012 – 2985
    Oct 2013 – 2673
    Nov 2013 – 2381 (Down 10.9% MOM, Down 20.2% YOY)

  6. anon (the good one) says:

    America is NOT in the list.
    stupid, fukcing invisible hand is a bubble generator. that’s why strong regulation is required. dump money in infrastructure, education, health. don’t just provide cheap dough.

    @berggruenInst: “Back to Housing Bubbles” – BIG 21st Century Council member @Nouriel Roubini in @ProSyn http://t.co/uOtwkvHLKo

    “, five years later, signs of frothiness, if not outright bubbles, are reappearing in housing markets in Switzerland, Sweden, Norway, Finland, France, Germany, Canada, Australia, New Zealand, and, back for an encore, the UK (well, London). In emerging markets, bubbles are appearing in Hong Kong, Singapore, China, and Israel, and in major urban centers in Turkey, India, Indonesia, and Brazil.”

    http://www.project-syndicate.org/commentary/nouriel-roubini-warns-that-policymmakers-are-powerless-to-rein-in-frothy-housing-markets-around-the-world

  7. grim says:

    Wow, Walker and Rodas died in a Carrera GT? I hadn’t been following the story, but when I’d heard Porsche, I’d just assumed a run of the mill Turbo or possibly a GT2/3. Can’t believe they wrecked a Carrera GT. This is right up there with James Dean crashing in his Porsche 550 Spyder. Both of them glorious, glorious vehicles, the best two cars that Porsche have ever made.

  8. Essex says:

    7. True. The reading that I have done on the CGT makes me think that car is one mean mo-fo.

  9. grim says:

    I’ve excluded the 959 from the list due to the fact that it was never street legal in the US, and because it was the ugliest 911 variant made (with that terrible squat Ferrariesque rear end). It’s aged as well as those who refused to give up the big hair and high rise jeans of the 1980s (and still listen to Whitesnake). It was however, a monster. Amazing that they were able to squeeze that kind of power out of a 2.8l twin turbo, the differences in performance between the 959 and CGT are less than you might imagine.

  10. grim says:

    NY Metro clocks in another strong home price month in October – Core Logic HPI

    New York-Jersey City-White Plains, NY-NJ
    Including Distressed – Up 9.1% YOY
    Excluding Distressed – Up 9.2% YOY

    NJ Statewide
    Including Distressed – Up 5.2% YOY
    Excluding Distressed – Up 5.5% YOY

  11. Fast Eddie says:

    Transactions keep going up and yet, the inventory keeps shrinking. When the number of transactions exceeds the inventory number, how will the cheeeleaders spin that one? And if this trend is indeed accurate (it’s not), then my house will command much, much more than I had expected.

  12. Comrade Nom Deplume, a.k.a Captain Justice says:

    Apparently, change is messy

    http://www.cnbc.com/id/101241151

  13. grim says:

    And if this trend is indeed accurate (it’s not), then my house will command much, much more than I had expected.

    I suspect that you’d easily get $15-20k more in Spring 2014.

  14. Essex says:

    14. Escape from Essex County in 3….2…..1

  15. grim says:

    13 – Problem is that Obama changed direction to cover his ass. Look, he misled folks, and he should have fessed up to it. In all likelihood, he probably had no idea that for Obamacare to be actuarially sound, these folks would need to lose their policies and be moved into ACA policies, otherwise “adverse selection” would kick in, and ACA policy prices would need to rise. ACA needs young folks with few claims to subsidize the folks with high amounts of claims.

    Obama should have fessed up and admitted this, and apologized for misleading folks, but SHOULD NOT HAVE pivoted and allowed folks to keep their existing non-conforming policies, this was a BIG MISTAKE. He’s now setting the stage for ACA rates to jump up, probably quite a bit.

    Oh, wait, it won’t matter since the democrats have moved the “unveiling” of the new rates until after the elections.

  16. Comrade Nom Deplume, a.k.a Captain Justice says:

    Comment of the day that perhaps only amuses me and some other lawyers. . .

    “Yeah, I dont think so Ford. Is there a Loan Agreement? Didn’t think so. Take your 710 MILLION and go back to making cars. We bailed you out once already, don’t come begging the American People for another Christmas present.”

    This was in response to a SCOTUS decision on a claim by Ford for interest on overpaid taxes in prior years.

    The comment was on CNBC. Just goes to show, the hopelessly uninformed are everywhere. Spine is right, it is going to end badly.

  17. Statler Waldorf says:

    Grim, aren’t you involved with the “retailmenot” web site? Yesterday the site received a plug on national radio (millions of listeners) so your visitor numbers should spike.

  18. Street Justice says:

    17 – I hope that idiot was flamed on that comment board.

  19. The end has already begun.

  20. Don’t be so glum; all democracies end this way.

  21. Fast Eddie says:

    I suspect that you’d easily get $15-20k more in Spring 2014.

    Is that in addition to the upgrades? :)

  22. Billy G knows it’s all turning to shit. Here he is, gently pressing the “oh shit” button:

    http://www.pimco.com/EN/Insights/Pages/On-the-Wings-of-an-Eagle.aspx

  23. Comrade Nom Deplume, Guardian of the Realm says:

    [19] street,

    Not much. Only one flame, pointing out that Ford never got a bailout.

    The rest of the idiocy was ignored.

  24. Comrade Nom Deplume, Guardian of the Realm says:

    After trash and recycling collection, I found “holiday greeting cards” on both my recycling and trash cans (separate trucks and drivers). I hummed this to myself all morning (to the tune of “Walking in a Winter Wonderland”):

    Doorbells ring, it’s the season
    And you know what’s the reason
    Someone’s out there, after their share
    Sticking out their greedy little hand

    First in line is the doorman
    He’ll complain he’s a poorman
    The janitor’s next on some weak pretext
    Sticking out his greedy little hand

    Then will come the superintendents visit.
    He will ring your doorbell loud and long.
    You will open up and ask who is it.
    He just smiles and sings a Christmas song.

    Later on…you’ll give cash up.
    To the man..who picks the trash up.
    How nice they’re all here.
    For one day a year.
    Stick’n out their greedy little hand.

  25. JJ the Welfare Queen says:

    Unless you got big boobs and a nice rump I dont feel the need to tip.

  26. Comrade Nom Deplume, Guardian of the Realm says:

    [23] spine,

    I am flowcharting macro models for the future and every variant ends with some version of “it’s all turning to sh1t” whether its TEOTWAWKI, US version of PIIGS, US version of Argentina, Depression 2.0, etc. Regardless of the inputs and future paths we take politically and economically, it is going to be worse, perhaps much worse, for my kids.

    So I have two objectives: First, be a vulture for the ride down, and, second, be a prepper for when the ride stops.

    One way to accomplish both is to get into the prepping business, perhaps opening a store and website specializing in prepping and cross-selling prefab prep solutions and turnkey prep sites (a.k.a. Nompounds). This is still a cottage industry that markets to a fringe of sorts, but it is at the crossroads of becoming mainstream (Costco has floated some trial balloons here). All it needs is a push in the right direction and both Obama and Mother Nature have been obliging in that regard.

  27. Happy Renter says:

    [27] every variant ends with some version of “it’s all turning to sh1t”

    Don’t worry. The Millennials will save us.

    —-
    http://www.slate.com/articles/health_and_science/medical_examiner/2013/12/millennial_narcissism_helicopter_parents_are_college_students_bigger_problem.html

    Amy (not her real name) sat in my office and wiped her streaming tears on her sleeve, refusing the scratchy tissues I’d offered. “I’m thinking about just applying for a Ph.D. program after I graduate because I have no idea what I want to do.” Amy had mild depression growing up, and it worsened during freshman year of college when she moved from her parents’ house to her dorm. It became increasingly difficult to balance school, socializing, laundry, and a part-time job. She finally had to dump the part-time job, was still unable to do laundry, and often stayed up until 2 a.m. trying to complete homework because she didn’t know how to manage her time without her parents keeping track of her schedule.

    I suggested finding a job after graduation, even if it’s only temporary. She cried harder at this idea. “So, becoming an adult is just really scary for you?” I asked. “Yes,” she sniffled. Amy is 30 years old.

  28. Comrade Nom Deplume, Guardian of the Realm says:

    [25] redux,

    (to the tune of Frosty the Snowman)

    “Harry the mailman brings us letters soaked with rain.
    Jams the box so full that the mail is crushed
    and then laughs when we complain.

    Charlie the milkman is the biggest slob in town
    Seldom leaves the quarts that we’ve asked him for,
    when he does, they’re upside-down.

    Eleven months through-out the year, they’re as lousy as can be.
    But starting in December, they show great efficiency.
    Then Charlie and Harry really show they’re full of zip!
    And they’ll work that way every doggone day,
    ’till they get their Christmas tip.”

  29. Comrade Nom Deplume, Guardian of the Realm says:

    [27] redux,

    Seems I am a little late to the party:

    http://www.mainstreampreppers.com/business

  30. grim says:

    One way to accomplish both is to get into the prepping business, perhaps opening a store and website specializing in prepping and cross-selling prefab prep solutions and turnkey prep sites (a.k.a. Nompounds).

    You are way too late.

  31. Fast Eddie says:

    Happy Renter [28],

    We’re doomed.

  32. Comrade Nom Deplume, Guardian of the Realm says:

    [31] grim,

    yeah, I know. I was actually looking at brick and mortar locale as a way to differentiate but there the costs are likely prohibitive, and the profitability relies on an influx which is entirely unpredictable.

  33. Comrade Nom Deplume, Guardian of the Realm says:

    [32] eddie,

    We aren’t doomed. As usual, Ralph Nader knows the answer

    http://onlythesuperrich.org/

  34. grim says:

    33 – Every brick and mortar military surplus/army navy store in the US has morphed to support this.

  35. Carlito says:

    Preppers are so funny, white men with wet dreams

  36. joyce says:

    30 years old means she was born in ’82-’83 … so depending on where you draw the line, she could be Gen X.

    Happy Renter says:
    December 3, 2013 at 10:47 am
    [27] every variant ends with some version of “it’s all turning to sh1t”

    Don’t worry. The Millennials will save us.

    —-
    http://www.slate.com/articles/health_and_science/medical_examiner/2013/12/millennial_narcissism_helicopter_parents_are_college_students_bigger_problem.html

    Amy (not her real name) sat in my office and wiped her streaming tears on her sleeve, refusing the scratchy tissues I’d offered. “I’m thinking about just applying for a Ph.D. program after I graduate because I have no idea what I want to do.” Amy had mild depression growing up, and it worsened during freshman year of college when she moved from her parents’ house to her dorm. It became increasingly difficult to balance school, socializing, laundry, and a part-time job. She finally had to dump the part-time job, was still unable to do laundry, and often stayed up until 2 a.m. trying to complete homework because she didn’t know how to manage her time without her parents keeping track of her schedule.

    I suggested finding a job after graduation, even if it’s only temporary. She cried harder at this idea. “So, becoming an adult is just really scary for you?” I asked. “Yes,” she sniffled. Amy is 30 years old.

  37. Comrade Nom Deplume, Guardian of the Realm says:

    [31] grim,

    Then there’s the governmental anal probing that anyone in this business is going to get, from the IRS to local governments. And if there is anyone wondering what the feds think of preppers, well, you are terrorists and should be reported, as this FBI alert memo shows:

    http://www.shtfplan.com/images/articlepics/ColoradoFBISurplusStore.pdf

  38. chicagofinance says:

    WTF?
    The Huffington Post and the Wall Street Journal have reported that millennials are now bringing their parents to job interviews, and companies such as LinkedIn and Google are hosting “take your parents to work day.”

  39. Fast Eddie says:

    ChiFi [40],

    The song, “Mother” by Pink Floyd popped into my head immediately after reading your post.

  40. Comrade Nom Deplume, Guardian of the Realm says:

    [35] grim,

    I see that, but there are still limitations there. Camo, Cordura, and folding shovels didn’t do much to help with Sandy and there is a huge opp for natural disaster prepping. It is a limited inventory, geared toward the fringe elements. Also, they are bound by inefficiencies due to scale.

    I’d like to go after the mainstream market that wants to prep but doesn’t prep due to lack of knowledge on multiple levels. My current location affords me access to affordable warehouse/retail locations in tax-advantaged jurisdictions. Even internet-based businesses need a location for inventory and shipping.

    The big (and it is a big) problem I see with this idea comes from very large players who can easily expand into this area: Cabelas, Costco, Sam’s Club, BJ’s, Gander Mountain, and, of course, Amazon. They may not have all the tax advantages of web operators but have such efficiencies of scale and marketing apparatuses that they would suck all the oxygen out of the room. That is the primary threat to this idea and the reason I cannot foresee any traditional funding.

    ATEOTD, I will probably forego that idea and return to the turnkey solution idea I originally had (a.k.a., the nompound). Higher margin, less competition, and huge untapped market in Manhattan alone.

  41. grim says:

    This parents at interviews thing is a load of crap, a couple of journalists baited a couple of idiots into doing it and subsequently wrote a story about it. Now it’s an out of control meme. C’mon, don’t tell me you actually believe this nonsense. I can debunk this myth in one fell swoop.

    How many of you would want to be seen with your parents at 13 years old, for fear of mortal embarrassment? Hell, even having your parents drop you off at school when it was raining would have anyone cowering behind their slickers to that they weren’t noticed. GOD FORBID. No mom, it’s OK that you are dropping me off two blocks away from the mall, I can walk from here.

    So now kids are parading around with their parents in tow? I doubt it.

  42. Anon E. Moose says:

    Nom [38];

    In yet another display of government IT prowess, that one-page pdf was 11.8 MB ?!?

  43. Comrade Nom Deplume, Guardian of the Realm says:

    [44] moose,

    Actually, it was probably a scan so that would explain the size.

  44. nicholas says:

    If your parent called or contacted me before the interview and we were not already close friends then you might as well ding yourself before you show up for the interview. I suppose in other countries you are not just hiring one person because familial networks are very close but I still need to know that you can stand up on your own to perform the function required.

    I can imagine a few situations in which parental involvement might be a benefit but those would be rare cases. I will list some of them for you so that maybe that will help to clarify the line between yes/no on parental involvement.

    1. Your parent is a high-ranking officer and gives a recommendation for you to join a military Academy spelling out your better qualities.
    2. You were disqualified for the job because of some flaw that could be overcome by parental involvement such as “not able to drive self to work”.
    3. Your parents were rich/super-rich and bringing them on as your first client would land you the job.

    I’m certain that there are others but this should get you started in the right direction.

  45. Happy Renter says:

    [37] “30 years old means she was born in ’82-’83 … so depending on where you draw the line, she could be Gen X.”

    By my math, she was born in 1983. I know that defining a “Generation” is not an exact science, but I think most people, most notably Howe & Strauss (authors of The Fourth Turning), place that in the Millennial Generation.

    http://www.lifecourse.com/about/method/the-generational-constellation.html

    Nonetheless, Joyce, you are free to hold onto the hope that the “teacup” / helicopter thing really is just a Gen X problem, and that the Millennials will be better.

  46. nicholas says:

    “Millenials, we suck and we know it.”

    http://www.youtube.com/watch?v=M4IjTUxZORE

    This is absolutely hillarious and you will enjoy.

  47. JJ the Welfare Queen says:

    Women goes crazy starting at 30 if they are not married. If they are married they start to have kids. I am sticking to 23 year old girls.

    Happy Renter says:
    December 3, 2013 at 12:07 pm

    [37] “30 years old means she was born in ’82-’83 … so depending on where you draw the line, she could be Gen X.”

  48. joyce says:

    Happy,
    I have little to no hope, depending on the day in question. I was just pointing out that that one specific (embarrassing) example was pretty much on the imaginary border of the two generations.

  49. chicagofinance says:

    grim: I disagree with you. It is a major issue for corporations that have a critical mission to hire thousands of employees a year through on-campus recruiting. At the very upper echelon, there are responsible students who independent and self-motivated. However, you move one level down and it is stunning the dropoff and further the type of behavior that is tolerated. The issue is that corporations cannot be seen as having a culture that is abrasive and intolerant, because these companies will be savaged in social media and networking. It will place the company at risk to not continue the pipeline of talent and intellectual capital.

    The way it plays out is that the average worker is really going to have an analytic gap, and the perseverance to be creative and project manage. They simple will not be wired for it.

    grim says:
    December 3, 2013 at 11:40 am
    This parents at interviews thing is a load of crap, a couple of journalists baited a couple of idiots into doing it and subsequently wrote a story about it. Now it’s an out of control meme. C’mon, don’t tell me you actually believe this nonsense. I can debunk this myth in one fell swoop.

    How many of you would want to be seen with your parents at 13 years old, for fear of mortal embarrassment? Hell, even having your parents drop you off at school when it was raining would have anyone cowering behind their slickers to that they weren’t noticed. GOD FORBID. No mom, it’s OK that you are dropping me off two blocks away from the mall, I can walk from here.
    So now kids are parading around with their parents in tow? I doubt it.

  50. Corporations who give in and hire these adolescent zombies should be slagged in social media.

  51. Bystander says:

    Fast,

    I think you can ask 100k more for updates.no 200k..there is no stopping this recovery. So many great paying jobs being created.

  52. Comrade Nom Deplume, a.k.a Captain Justice says:

    Detroit wins in bankruptcy court, case can proceed. In other news, stock market seems to have tanked on that news.

  53. Happy Renter says:

    [50] Yeah, but the point applies to Millennials, not Gen X.

    To the extent there is a “definition” of the generations (beyond a simple year-of-birth line of demarcation) Gen X kids grew up as the least-parented, “latch key kid” generation (i.e. children of the self-obsessed Baby Boomers). The Millennials are the coddled, helicopter-parented, teacup generation.

  54. nicholas says:

    I was born in 1976 which doesn’t make me a millenial but pretty close. I got included in the stupid 1980’s classroom social science programs (match top students with low performing studends) in middle school and I got to participate in the millenial “trophy for everyone” mentality in high school.

    Hillariously, my high school awarded trophies for top spots in math, science, english, literature, etc. Since I was top im my school, I was consistently awarded first place in many of these faux competitions. I would come home from the awards ceremony with a box of trophies (13-14).

    Grim, don’t underestimate the stupidity of the millenial generation that was imbued into them from gen X and boomers.

  55. Street Justice says:

    I’ve heard about it online a lot but never once heard about a case directly from a hiring manager.

    The only exception is the summer intern program at my old company. They frequently hired the college age kids of the executives for the summer. If they were any good, they were hired full time and offered a position. If they suck, you just say your goodbyes at the end of the summer.

    grim says:
    December 3, 2013 at 11:40 am
    This parents at interviews thing is a load of crap, a couple of journalists baited a couple of idiots into doing it and subsequently wrote a story about it. Now it’s an out of control meme. C’mon, don’t tell me you actually believe this nonsense. I can debunk this myth in one fell swoop.

    How many of you would want to be seen with your parents at 13 years old, for fear of mortal embarrassment? Hell, even having your parents drop you off at school when it was raining would have anyone cowering behind their slickers to that they weren’t noticed. GOD FORBID. No mom, it’s OK that you are dropping me off two blocks away from the mall, I can walk from here.
    So now kids are parading around with their parents in tow? I doubt it.

  56. nicholas says:

    Please excuse my spelling mistakes, I’m taking an online training course from my company and the multitasking isn’t going well.

  57. Street Justice says:

    58 – No trophy for you!

  58. nicholas says:

    I felt like spelling a lot of things wrong in my apology just to increase the level of irony in the whole millenial/multitasking thing. No trophy for me. :(

  59. Street Justice says:

    The only interaction I’ve had with millenials are ones who are employed at my office. They are all very hard workers and are full of hopes and dreams. Poor suckers.

    So for every one of them at my office, are there like 10 unemployed slouches?

  60. Comrade Nom Deplume, a.k.a Captain Justice says:

    At least the NJ millenials can now rejoice. This law took effect 12/1.

    http://www.philadelphiabusinesslawyerblog.com/2013/09/new-jersey-passes-facebook-pri.html

  61. Comrade Nom Deplume, a.k.a Captain Justice says:

    [57] street,

    I have to think it is an obvious outlier, an Internet meme at best, but there are reports by hiring managers about this. May still be a fraction of a percent but that is still too many clueless people breathing my air.

  62. joyce says:

    Right, but the end of one generation has more in common with the following one; just like the beginning of a generation has more in common with the previous… because the years chosen to separate them are mostly arbitrary.

    Happy Renter says:
    December 3, 2013 at 1:07 pm
    [50] Yeah, but the point applies to Millennials, not Gen X.

    To the extent there is a “definition” of the generations (beyond a simple year-of-birth line of demarcation) Gen X kids grew up as the least-parented, “latch key kid” generation (i.e. children of the self-obsessed Baby Boomers). The Millennials are the coddled, helicopter-parented, teacup generation.

  63. Ragnar says:

    I’m thinking of buying 50 to 100 ounces of gold coins. Aesthetically, I’d rather have American Eagles than Krugerands. Where should I buy them? Blanchard online?
    What are the big risks I should watch out for?
    I’m finished with ETFs after observing the income tax irritation they create.

  64. Happy Renter says:

    [65] APMEX doesn’t have the lowest prices, but they are usually in the ball park, and for something like that I would stick with a major player.

  65. Theo says:

    If you weren’t at least a freshman in high school when Smells Like Teen Spirit came out, you’re not a Gen Xer.

  66. Comrade Nom Deplume, Guardian of the Realm says:

    [66] ccb223

    It should be titled “a compendium of unfinished thoughts”. It is an exercise that bears little resemblance to the title and hardly supports the conclusion, a set of random musings that tells me Brooks was under some pressure to make a deadline. Not his best work by a long shot. Too bad as the subject had promise.

  67. Comrade Nom Deplume, Guardian of the Realm says:

    I’m mailing a gift to a friend in the U.K. I am not entirely astonished to learn that the cost to mail it (cheapest available) is $0.25 more than the cost of the item being mailed.

  68. Comrade Nom Deplume, Guardian of the Realm says:

    [65] ragnar,

    You want to invest in physical metals? I recommend brass and lead.

  69. grim says:

    65 – I’ve dealt with Apmex before, they are top notch.

    Why pay a premium for Eagles over Krugs? Bid/ask spread on Krugs is typically better since the vanity coins tend to sell at a premium that isn’t always recaptured on sale. Does a paper trail concern you? There are local dealers that can transact that volume in cash if you prefer, and in denominations that are more portable at that volume (10oz or kilo bars). Markup over spot is much lower for bars than coins, especially Eagles.

  70. Comrade Nom Deplume, Guardian of the Realm says:

    [72] redux

    BTW, that is completely serious. Some folks have gotten burned with shiny but my stock of bullets has increased in value over 150% since 2008

  71. Anon E. Moose says:

    Nom [73];

    Enough to give you second thoughts about throwing a few boxes downrange?

  72. Street Justice says:

    Where is there a good public range in NJ for beginner shooters?

  73. grim says:

    My brother says this place is really nice, but expensive:

    http://gunforhire.com/

  74. Michael says:

    Are you really going to believe these stereotypes based on different generations. No kid is the same, never mind an entire generation. You guys bust my balls and claim that I’m the idiot, yet you actually think there is a generation of individuals out there bringing mommy and daddy to an interview for work….. you guys are something else.

  75. Michael says:

    No wonder you guys take the road totally swinging to one side instead of taking the moderate road.

  76. JJ the Welfare Queen says:

    Unless you are Chinese or Japanese your are a slackard

    Michael says:
    December 3, 2013 at 2:43 pm

    Are you really going to believe these stereotypes based on different generations. No kid is the same, never mind an entire generation. You guys bust my balls and claim that I’m the idiot, yet you actually think there is a generation of individuals out there bringing mommy and daddy to an interview for work….. you guys are something else.

  77. Comrade Nom Deplume, Guardian of the Realm says:

    [74] moose,

    Yeah, actually. I have tons of .22 for target practice and not as much .223 as I’d like so that gets conserved. But at some point, I have to use it; I just hope I can get stock a bit cheaper than it is now. At one point, .223 was about a buck a round; I paid about $0.25 per round. Didn’t have enough stock to consider cashing in. My bad.

    Plenty of pistol ammo so I can have a party there and its where I need practice anyway. That and skeet.

  78. chicagofinance says:

    Just busting your balls, but you are an idiot…..

    Michael says:
    December 3, 2013 at 2:43 pm
    Are you really going to believe these stereotypes based on different generations. No kid is the same, never mind an entire generation. You guys bust my balls and claim that I’m the idiot, yet you actually think there is a generation of individuals out there bringing mommy and daddy to an interview for work….. you guys are something else.

  79. grim says:

    Wow – Gun For Hire has got one of the best course/training programs I’ve ever seen at a range, really good stuff. Never really browsed their website before.

  80. Happy Renter says:

    I can vouch for Gun For Hire (GFH). The range is new (within the past year) and they are good people. Been meaning to get my better half up there for her first class . . .

  81. Comrade Nom Deplume, Guardian of the Realm says:

    [82] grim,

    Posts not getting thru.

    Eddie Falcon used to be at gunforhire but has his own shop now, homedefensesite.com. You might find him more reasonable.

  82. Comrade Nom Deplume, Guardian of the Realm says:

    [83] grim

    Kettle1 did the build a beAR course. You have to supply your own though and good luck getting the receiver.

  83. JJ the Welfare Queen says:

    What kind of Puss needs a gun. I used to go bar hoping in Bronx at 5am and lived on a block in New York City with a few crack houses, SROs etc.

    The Pimps, Hos, Crack Heads would say good morning sir as they gave me my props. I got street Cred as I am a original gangsta.

    You Jersey folk, you are bunch of Plaxicos who cant handle guns and end up shooting your little nuts off. Only had a gun pulled on me four times. Guys with the gun all four times were the ones scared scared and shacking. They knew any moment I could pull my shlong out and beat them half to death.

    I guess if I had no street cred AND a small shlong having a gun might be helpful.

  84. Street Justice says:

    My boss actually does that. He builds his own AR’s and AK’s. Didn’t realize how easy it was actually…and he lives in CA of all places.

    I’ve not shot much since I was younger…they had a range at the summer camp I worked at. Probably going to start where I left off with .22 Long Rifle, then get a shotgun. My wife’s uncle owns a ton of property and wants to take me hunting with him. Anyone try this place?

    http://rtsponline.com/

    83.grim says:
    December 3, 2013 at 2:53 pm
    Ok – now this is just awesome

    http://gunforhire.com/classes/build-a-bear/

  85. Anon E. Moose says:

    Street [88];

    I’ve been there. New facility; very nice.

  86. Anon E. Moose says:

    Re: Build Your Own [88];

    Not surprised to hear that about CA. It’s not an uncommon response to over-regulation. Rising in popularity among small planes to build your own, since regulation and liability pushes the price of a new, single engine 4-6 aircraft from $300k-$800k. Can build yourself as ‘experimental’ for half that or less, but requires a large time, tool and skill investment. Even so, more experimental planes coming on line than certified. A GPS unit, $99 sold for cars or to hikers, if ‘certified’ for aircraft use sells for over $10k, plus installation by federally licensed airframe & powerplant mechanics. Same un-certified aviation parts sell to the ‘experimental’ market for 1/2 to 1/3.

    As for the firearms, the regulated part is the receiver. Everything else is accessory. I’ve seen a guy who rents out his CNC mill programmed to machine an AR receiver. You machine your own reliably without breaking any laws. All other accessory parts (barrel, grip, magazine, stock, sights, etc.) are available on the open market without regulation.

  87. Comrade Nom Deplume, Guardian of the Realm says:

    [87] JJ

    “They knew any moment I could pull my shlong out and beat them half to death.”

    As they should when up against the Man’s Man that you are. We “little people” are in awe of you, sir!

  88. JJ the Welfare Queen says:

    Former Tyco CEO Kozlowski to be released from jail

  89. WickedOrange says:

    without

  90. Happy Renter says:

    I guess Albanians aren’t considered reliable Democrats?

    The Feds refuse to lift a finger to do anything about, and in fact actively work to prevent states from doing anything about, millions of “undocumented Democrats” openly flouting their illegal immigration status. But they have the time and resources to harass and deport this woman?

    http://www.freep.com/article/20131203/NEWS01/312030031/

    Precetaj, who was born in Albania in 1972, fled to the U.S. in 2000 to escape an abusive fiancé and a criminal atmosphere, testifying that she was unable to go outside for fear of being kidnapped and sold into prostitution. She entered the U.S. illegally via Canada at the Port Huron border with friends. Upon arrival, she turned herself into authorities and sought asylum.

    While living in the U.S. illegally, she got married and raised a family. She worked at various restaurants in the kitchen. And teachers praised her as a good mother who had a positive influence on her children’s performance in school.

    But despite her appeal for asylum, an immigration judge denied her request, concluding her testimony about fearing prostitution and crime lacked credibility. And even if it was credible, the judge held, she wasn’t entitled to asylum because “young, attractive women are not a social group for asylum.” In 2008, the U.S. 6th Circuit Court of Appeals upheld that decision.

    Precetaj, meanwhile, was under supervision by the U.S. Department of Homeland Security. Having lost her asylum case, she was placed on a tether and ordered to report once a month to the U.S. Immigration and Customs Enforcement office on Mt. Elliott in Detroit.

    She knew deportation was ordered. She just didn’t know when.

    . . .

    Come 10:30 a.m. today, the 40-year-old married mother of three has to report for deportation at Detroit Metro Airport — an event she has had little time to prepare for.

    She got 24 hours’ notice.

    According to her family and attorney, U.S. authorities sprang the deportation notice on Precetaj on Monday morning. It was brief: Report at 10:30 a.m. at the McNamara terminal, departures level, near the elevators.

  91. Happy Renter says:

    Regarding my post at [95], I swear this is a total coincidence. I linked to the first story after reading an article on today’s Detroit bankruptcy story.

    Then I just linked to this article below from the Google News homepage.

    http://nation.time.com/2013/12/03/judge-rules-obamas-uncle-can-stay-in-u-s/

    Whoo hoo! Break out the choom, Uncle Omar!

  92. me likey Albanian prostit*tes

  93. anon (the good one) says:

    @MotherJones: Conservative bankrollers are pumping millions into right-wing “journalism.” Follow the dark-money trail here http://t.co/VLvlWiSXEG

  94. Fabius Maximus says:

    #80 Eddie Ray (previous thread)

    So Warrens economic analysis of 2 vs 1 income is the same as Santorum coming out with
    “The radical feminists succeeded in undermining the traditional family and convincing women that professional accomplishments are the key to happiness”

    M’kay

  95. anon (the good one) says:

    grim,
    ain’t that your ride?

    @WSJ: In the U.S., a BMW X5 SUV retails for just over $56,000. In China: $153,176. http://t.co/GatI721rw2

  96. anon (the good one) says:

    @SenSanders: Must Read: Fast-Food Workers In 100 Cities To Walk Off The Job – @CandiceChoi & @SamHananelAP, @AP: http://t.co/aMGKk5HiMO #MinimumWage

  97. Fabius Maximus says:

    Been having trouble posting this.

    Check out the poll numbers. Palpatine unleashed the Teatards, and now he is trying to throw them under the bus. Karma baby!
    http://tinyurl.com/nbl7fpe

  98. Fabius Maximus says:

    #95 Renter

    Where do you get Democrat. Was she on the rolls pulling a lever?

  99. They deport defenseless Albanian women who are running from a life of slavery and let whingeing soci@lists like gluteus in.

    Sounds about right.

  100. Fabius Maximus says:

    #7 grim

    RIP
    The GTs are going the way of the Enzo’s getting written off one by one. The only car better is the 918 Spyder. When you talk about James Dean the GT is the modern AC Cobra. Thrash it too hard on the road and it will kill you.
    http://www.youtube.com/watch?v=vE_WqdKbTvY

  101. grim says:

    105 – Thrash any supercar on the road and you’ll end up killing yourself, no different from the dozens of others in the same category. Plenty of idiots kill themselves in Honda Civics every day, it’s not a deficiency of the horsepower, it’s a deficiency of brainpower. I will say though, the big AMG Mercedes are exceptionally unforgiving, it’s amazing there aren’t more dead yuppies around these parts.

  102. Fabius Maximus says:

    #104 Clot
    Land of the free Baby!

  103. Fabius Maximus says:

    #106 grim
    There is a big difference in that, a lot of the other cars will have traction control, launch control, stability control etc etc etc. The GT doesn’t which is why the AC Cobra comparison holds.

  104. The Original NJ ExPat, cusp of doom says:

    Chicks dig me.

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