From the Record:
Home prices in region saw boost in 2013
Home prices in the region rose 6.3 percent in 2013, while national values jumped 11.3 percent — the strongest nationwide showing since 2005, the Standard & Poor’s/Case-Shiller index reported Tuesday.
But U.S. prices are likely to rise by a more modest 5 to 7 percent this year, the index’s co-creator, housing economist Robert Shiller, predicted Tuesday.
“This is not a time of great enthusiasm for home purchases,” Shiller said — in part because consumers don’t expect home prices to soar in coming years. Home buying has also been held back by an uptick in mortgage rates and tight lending standards.
The national rise in single-family prices was boosted by outsized gains in California, as well as in markets like Phoenix and Las Vegas, which were battered in the housing bust. Prices in the New York metropolitan area, which includes North Jersey, have not rebounded as strongly, in part because they didn’t fall as far. In addition, the region’s economy relies on the financial services industry, which has trimmed jobs since the recession. And New Jersey faces an overhang of distressed properties headed into foreclosure.
Case-Shiller does not break out price gains by county, but according to the New Jersey Association of Realtors, Bergen County single-family prices rose 5.7 percent during 2013, to a median $460,000, while Passaic County prices rose 4.9 percent, to a median $300,000.
Friskies
This stuff is nasty. I remember the case of the Wyckoff councilman caught breaking into a pharmacy in town for pills.
http://www.huffingtonpost.com/2014/02/24/heroin-epidemic_n_4790898.html?utm_hp_ref=mostpopular
Problem wasn’t the drug, it was the doctors who dispensed it like candy. You want to see something even more insidious? Look up Fentanyl lollipops. Fentanyl is an opiate that makes Oxy look like Tylenol.
Montclair, home of comedian Stephen Colbert, is a leafy commuter town with hundreds of shops and restaurants accessible by foot.
“Here we are in our middle- and upper-middle-class community and we’re seeing the same problem of poor maintenance by servicers,” Fisher said. “The foreclosure crisis has had ripple effects and it is not limited to poor communities of color where it’s concentrated.”
http://www.bloomberg.com/news/2014-02-26/foreclosures-climaxing-in-new-york-new-jersey-market-mortgages.html
Fun fact of the morning – grim’s dad was involved with the manufacture and quality of oxy for many years.
(chi beat me too it when I got sucked in to the opiate discussion)
From Bloomberg:
Foreclosures Climaxing in New York-New Jersey Market: Mortgages
The epicenter of the U.S. foreclosure crisis is shifting to New Jersey and New York, threatening a housing rebound in one of the country’s most densely populated areas.
New Jersey has surpassed Florida in having the highest share of residential mortgages that are seriously delinquent or in foreclosure, with New York third, a Mortgage Bankers Association report showed last week. By contrast, hard-hit areas such as Arizona and California have some of the lowest levels of soured loans after allowing banks to quickly foreclose after the 2007 property crash.
The number of New York and New Jersey homeowners losing their houses reached a three-year high in 2013. Banks in these states have been slowly working through a backlog of delinquent loans that enabled borrowers to skip mortgage payments for years. Now these properties are poised to empty onto a market where affluent Manhattan suburbs neighbor blighted towns that are struggling most with surging defaults.
“It is really a delayed reaction in New Jersey and New York,” said Michael Fratantoni, chief economist for the Mortgage Bankers Association in Washington. “Loans that were made pre-crisis have been in this state of suspended animation for a number of years. And now, we are beginning to see the pace of resolution pick up.”
…
“The sooner that this inventory that has been pent up gets to the market place the quicker you’re going to see more home price appreciation,” Taylor said. “It gets the overall real estate market healthier quicker.”
Housing inventory remains tight in the U.S., with a 4.6 month supply in December, according to the National Association of Realtors. New Jersey had a 6.6 month supply, the New Jersey Association of Realtors data show. A six-month inventory is considered equilibrium between buyers and sellers.
While investors may help the market, they are generally avoiding hard-hit neighborhoods in cities such as New Jersey’s Newark, Irvington, Elizabeth, Trenton and Camden, according to Jeffrey G. Otteau, president of Otteau Valuation Inc. in East Brunswick. About 21 percent of New Jersey foreclosures are in urban areas and another 18 percent are in towns hit by Sandy. Only 4 percent are in the southern suburbs and 2.5 percent in the northern ones, Otteau said.
“There is a crisis, and where that crisis will play out is in inner, urban neighborhoods where unemployment is highest, credit scores are lowest and investor appetite is non-existent,” Otteau said.
Why do asian kids get on subway car 20 at a time? They drive me nuts. Spread out man this aint toyko
Pace of REO assignments has been picking up steam for me since the beginning of February. Last 10 properties I have been assigned are in Oakland, Paterson, Paterson, Little Ferry, Hackensack, Fairfield, Belleville, Paterson, Kearny and Clifton. The tilt is certainly toward urban locations but not total sh*t hole locations. Of the 20 or so REO properties I am currently handling, there is only one that I would classify as a truly bad neighborhood. That property is near Williams St in East Orange.
I believe this is just the tip of the iceberg for the properties going through sheriff sale. The pace should continue to pick up like a snowball heading downhill in a cartoon. This should continue for years to come.
30 year and Grim, so what’s your take on this? Are all these forclosures finally back on the market a good thing or a bad thing? Are we finally clearing the market or will the NE corridor eventually look like one big Detroit? Are they selling?
Could have worked at Purdue many years ago and knew many who did. they were a one trick pony so I never accepted.
As grim stated problem was the doctor, for f*cks sake your prescribing an opioid what did you think was going to happen time release or not. Lets not forget personal responsibility about what your taking. Last but not least when the oxy problem started you had a drug costing 20 bucks thanks to insurance with 30 pills in the bottle turn around and sell for 10 bucks a pill (cheaper than a bag of smack and safer) to your local junkies and you had a 280 dollar profit. Trailer parks with medicaid and medicare patients were the first places this became a problem hence the hillbilly heroin nickname. Quickly spread to suburbia when high school kids could turn a quick profit on grandma and moms medicine cabinet. Now it is more expensive than heroin and low and behold opioid addicts are turning back to the golden triangle smack.
Grim fentanyl is nuts and I still can’t believe people are consuming it. Drug seekers will seek what ever gets them high consequences be damned.
The shadow inventory is still out there, Core Logic publishes the data I believe something like 6% of all homes in NJ.
I did notice allot of unshoveled driveways this season. Snow was just piling up and no lights on in the home. Sure they could be in Florida or the home is empty.
Are all these forclosures finally back on the market a good thing or a bad thing? Are we finally clearing the market or will the NE corridor eventually look like one big Detroit? Are they selling?
I’m not seeing anything to indicate that properties are moving to REO with any real appreciable volume relative to the backlog.
NE corridor eventually look like one big Detroit?
If that’s the case, the Central and South will look like Mad Max.
Master: These our witness, Aunty. Us suffer bad. Want justice. We want Thunderdome!
Aunty Entity: You know the law: Two men enter, one man leaves.
Master: This Blaster! Twenty men enter, only him leave!
Aunty Entity: Then it’s your choice. Thunderdome.
[13] grim
Mad Max? I’m thinking Walking Dead.
I call this Fabinomics.
http://www.cnbc.com/id/101439812
[4] chifi
God is not without a sense of humor . . .
“Pardi said he could no longer pay his loan because his commission-based income as a mortgage broker dropped to $20,000 a year from a peak of more than $100,000. Having little confidence in New Jersey’s housing market rebounding, and the career prospects for loan officers, Pardi is training to become a holistic nutritionist.”
He should move to Montklair.
grim called it….right on pt!!
Fast Eddie, the extreme discounts are there, just not where you want to buy it.
“About 21 percent of New Jersey foreclosures are in urban areas and another 18 percent are in towns hit by Sandy. Only 4 percent are in the southern suburbs and 2.5 percent in the northern ones, Otteau said”
“There is a crisis, and where that crisis will play out is in inner, urban neighborhoods where unemployment is highest, credit scores are lowest and investor appetite is non-existent,” Otteau said.
Grim #12 – Assignments to brokers began to slowly pick up in the late Fall. Holidays stalled the flow. Since late January the pace has begun to pick up. Expect that NJ buyers will begin to see substantial REO inventory in the 3rd or 4th quarter of 2014.
Because banks have been repairing these homes the timeline from sheriff sale to market has become extended. A vacant home assigned to me today will likely take 4 to 7 months before hitting MLS. An occupied property will take from 2 to 6 months longer than a vacant home.
I’d like to see the country, on a state-by-state-basis, enter into an agreement to abolish targeted tax credits. It’s just another privatize the profits, socialize the losses scheme. End the race to the bottom and level the playing field nationally.
I do not expect any area of North Jersey to resemble Detroit. There are buyer’s clamoring for inventory in Paterson, Newark and any other area with fat Section 8 rent checks are available. The line of potential slumlords is endless. Drive through the roughest inner city areas of Essex County and you are certain to see a Chassid in a minivan driving from one investment property to the next.
No statistics to back it up, but I believe there are currently far fewer vacant inner city homes in North Jersey than there were in the late 80’s and early 90’s.
Realtor you talk a time when you could have snapped up ghetto rental properties ont eh cheap. A friends father was a millionaire off of section 8 checks. Drove a JJ approved 1990 SL and a had a bunch of caddys. Not bad for a polish immigrant who fled the communists.
Michael,
Fast Eddie, the extreme discounts are there, just not where you want to buy it.
A foul-smelling, dank, filthy piece of sh1t does not command the same dollar amount as a similar well-kept house two doors down just because it’s in Upper Haughtyville. Any questions?
[20] nwnj
Won’t happen. You’d need an effective end to federalism in order to accomplish that. But the effect could be negated if the Congress enacts a law treating state tax credits as income. In fact, they already might. Will have to check.
Yesterday, regarding Fedgov and defaulting: If one’s only definition of defaulting is not getting paid face value at some point, I think that’s too narrow a definition. Getting paid back in worthless currency, or worth less (which already happens today and has for a hundred years)… how is that not considered a form of default-lite?
[24] redux
http://www.irs.gov/pub/irs-wd/13-0009.pdf
What do you all know of Facta? It’s the bill that kicks in this Summer which is supposed to force foreign IBs/brokerages to report what money American’s have invested (tax-shielded) under their management. I’m seeing lots of mad pressure in the press from individuals on Wall Street who will probably pay our dear leaders to shut it down. Has anyone been following the controversy here and if so, what’s your opinion on it? I’m sort of on the fence due to worries about unintended consequences and it does seem awfully imperialistic. But at the same time, something needs to be done to balance the playing field, though I’m 100% sure our politicians are not in support of actually doing this, regardless of whatever they are saying to energize, maintain their bases.
One last thing. I found a great gutter guy if anyone needs one. He is a Polish guy from Passaic who speaks English worse than I speak Spanish, but he’s cheap, reliable and he answers the phone. Though I wish he would call me before he comes for the Spring and Fall cleaning because I would trim the trees before he shows up. We lost the rear gutter at the multi and the facia board was overdue for replacement, so it prompted me to let you all in on him if you live near me and have gutter replacement cleaning needs. I used the big companies in the past and they were unreliable, they never stop telemarketing and they were way more expensive. I used Ned Stevens once and then Garden State on a Groupon. Even with the Groupon, was still more than my Polish buddy. I even think he has insurance!
Ah slumlords with their Section 8 Housing Vouchers….I believe the bent nose hubby currently on trial with his real housewife cut their teeth in Paterson with Section 8.
For those that did not know these are direct Federal funds from the Department of Housing and Urban Development sent to landlords on behalf of low-income tenants who qualify for assistance.
Here is the latest spend for NJ for 2013 $689,544,000.00….
For Comparison
NY $2,369,324,000.00
PA $596,718,000.00
Mass $874,763,000.00
MI $366,953,000.00
IL $900,745,000.00
TX $1,045,263,000
[27] Stu
It’s FATCA. I think they were trying for one last T but just could not make it work.
Anyway, what do you want to know? At its core, its a way to get partial jurisdiction over the non-US operations of foreign banks. Essentially, it says to foreign banks, if you have money traceable to US sources, we say we can assert jurisdiction over you. The main operative provision is to force foreign banks to disclose US account holders, something that they were previously not obligated to do (and still might not be obligated to do under home country laws–banks with no US operations could continue to thumb their noses at the US but FATCA contains blacklisting provisions and noncooperative bankers could find themselves picked up in countries that have extradition with the US).
It has the not-so-unintended side effect of ring-fencing in US citizens by making them toxic to foreign banks, but don’t look for that in the legislative history. If the compliance cost and penalties were too onerous (and they are), the simpler solution is for the banks to simply purge U.S. clients except in their US subsidiaries (already subject to US jurisdiction and regulation). That was the given explanation for the uptick in expatriations over the last few years.
[30] redux
This is the Treasury Decision on the most controversial part of FATCA. I will warn you that it will induce comas in most people.
http://www.irs.gov/irb/2013-15_IRB/ar16.html
I have read that a lot of European banks have been terminating the accounts of US holders and that does not seem like such a bad thing. I just wonder if the cost for compliance and the bureaucracy around reporting these accounts (it’s pretty convoluted when I read the compromise) will save any more money than the revenue that might be generated through the closing of these shelters? Very hard to find an UN-politicized opinion on the matter.
Then again, when I read the article someone posted yesterday about the blatant purchasing of our politicians for dumping toxic soil, I choose to dream about my future shack in Central America far disconnected from humans who care about such things. I just want to fish, garden and stay healthy.
#23 Fast,
Again spot on..the issue is steep asking prices based on the LSD munching sellers looking at their home through a kaleidescope. I simply can’t fathom how they came to their ask price. It is a figment pulled from thin air. Some take months to get to this conclusion but most just live in denial, never dropping their price. Mike, I could show you a hundred houses by me on market 8 mos to year with little reduction. Who’s the problem? Eddie and myself? It is dangerous market nc fundamental pricing is gone. One sale and everyone tries to get same price even though their home is nowhere near comparable. I see it over and over.
[32] libturd,
Fact is, expatriate americans are becoming toxic, not only to banks but in areas like employment. The latter cannot be what the Obamunists intended but they see it as a sacrifice for the greater good.
I have serious doubts that much new revenue will be realized, and it will be more than offset by compliance costs, direct and indirect, to the public fisc. That’s already known. But the bigger question is how much it will cost the US in terms of econ. activity; both financial and nonfinancial. A ringfence cuts two ways.
#33 – the number is not out of thin air…it is what I need to move on with my life! Don’t you understand the formula? If you would just consider my circumstances, surely you would pay my price.
I have sellers who use this scientific reasoning to determine their asking prices on a regular basis. Problem is I never work hard enough or smart enough to be able to get them that price. ALWAYS MY FAULT!
Bystander,
As long as one uninformed buying dolt comes along and overpays, then all of the selling dolts will wait in perpetuity. Unless you get lucky and find the realist out there. I can’t tell you how many people I’ve sent to my mortgage broker who told me they were financially fit that weren’t. I know. Carl sends me Devil tickets whenever a loan commitment gets signed. I send at least 6 people his way per year. Maybe more. I’ve been to 3 games in the past three years and I think one of them was for closing on a refinance with him. I’m guessing that a lot of people still can’t afford to get out.
Just received a new REO assignment in Livingston. Guess they are not ALL inner city!
#23 Fast Eddie,
Depends on the neighborhood. Location Location Location!
http://www.cnn.com/2014/02/24/business/the-derelict-mansions-on-britains-billionaires-row/
OT topic of the day:
I finally got around to reading the AZ legislation that is producing so much grief. IMHO, the supporters of the amendment were too direct and that was their failing. But they also crafted a bad amendment.
In effect, the AZ bill amends current law to include private citizens and businesses within the protection of the religious freedom law, and further amends the current law to provide that they have the same defenses against private litigants that they would have against the government. But as I read it, it doesnt apply only to “discrimination” cases. Rather, ANY suit could be defended on the grounds that it interferes with free exercise of religion, and the burden on the plaintiff is the same burden that the government would have to meet.
IMHO, it would have been much simpler (and narrower) to amend the public accommodation law to provide that any action brought under that statute is a “state action” and that any litigant is a “state actor” who has to meet the same burden that the government would have to meet. For garden variety discrimination claims, it means nothing as the burden is the same, but if free exercise is claimed as a defense, it now must pass muster under the standard applicable to government. And it doesn’t create the unintended consequence of the AZ amendment that would allow any party to raise religion in any lawsuit or criminal trial. Also, there is no blanket protection for a form of discrimination; it can still be alleged and suit brought but a defense of interference with free exercise would now be available.
However, there is a very large caveat: I don’t see that it would really provide any real remedy because first amendment precedent isn’t exactly kind to free exercise and it would require SCOTUS to delve into the abstension vs. compulsion issue and decide whether antidiscrimination laws compel people to violate their religious beliefs. That’s a tough call.
About the only benefit is political; it forces the left to say openly that gay rights trump religious rights. And it still leaves the right open to charges that it is trying to permit discrimination via the use of religion.
Best thing I have heard in a while. Wording is everything these days. Label it a tax credit instead of “giving money” or “stealing money”, and no one sees a problem with it. Taxes are a part of life, there is no reason that certain parts of the population get to steal money by lobbying for a tax credit and making the rest of the population pay more in taxes to make up for it. This is wrong in so many ways it’s not even funny.
That article on the film industry receiving tax credits says it all. It is so wrong to provide tax credits for temporary jobs. The whole idea of providing tax credits for jobs is stupid. Mine as well take the tax credit money and just give people looking for jobs the money, what’s the difference. The businesses never stay unless they get more tax credits. It’s crazy that we even allowed this nonsense to come about. It’s no different than some family taking advantage of the welfare system, when they don’t even need it.
It’s funny, the businesses blackmail the taxpayer by saying they will leave if they have to pay taxes. What do we do? Give them the tax credits. lmao this is total stupidity. INSTEAD OF GIVING IN, TELL THESE BUSINESSES THAT THEY ARE NO LONGER ALLOWED TO CONDUCT BUSINESS HERE IF THEY DO NOT PAY THEIR TAXES OR CREATE PERMANENT JOBS. Tell them, you are not making a dollar in our communities if you are not going to pay taxes. If your business needs a tax credit to be successful, then you shouldn’t be in business.
Sick of the tax payer having to pick up the cost for everything to do with your business. Your taxes, we cover. Your cheap labor leaves the taxpayer funding the bills for every service from schools to food stamps, how about you pay your workers enough to survive without the help of the govt. This whole issue makes me sick. Going to go puke now.
“I’d like to see the country, on a state-by-state-basis, enter into an agreement to abolish targeted tax credits. It’s just another privatize the profits, socialize the losses scheme. End the race to the bottom and level the playing field nationally.”
Once again, if you give a corporation a 20 million tax credit, that means everyone else has to pay more now. How is this fair? I rather have them raise the price of goods, instead of a tax credit, this way, people that use the services of that business pay more.
Looney tunes best describes the world we live in. It’s insane for govts in debt to give tax credits to wealthy corporations or individuals. It’s backwards. It’s like we are in the years running up to the French Revolution, where the two wealthy classes at the top didn’t pay any taxes and left the poor to pay for everything. You see how that turned out….. off with their head
You just hit one of the 2% foreclosure listings available in north jersey suburbs. They never said that there was no foreclosures available in these areas.
“Just received a new REO assignment in Livingston. Guess they are not ALL inner city!”
38- Joyce, does this qualify has hoarding money?
“Despite their dilapidated condition, the houses remain a safe place for wealthy foreigners to park their money because of London’s rocketing property prices, which rose 11% last year, and because of the road’s reputation as a magnet for the rich and famous.
Anil Varma, a property developer appointed by a hedge fund owner to manage six of the vacant homes, calls it one of “the most expensive wastelands in Europe.””
#37 30 yr.
What was that book? Unsafe at any speed? We need “Unliveable at any price”.
I see foreclosure activity in snooty Fairfield County towns:
2 Greenwich
1 Ridgefield
1 New Canaan
1 Westport
5 Fairfield
[40] michael
Good luck getting that through the Senate or the WH. Tax simplification isn’t on their agenda. And forget about state tax credits; the feds can do little there right now and there is no incentive to stop that arms race.
[41] michael
“off with their heads”
Small wonder that the rich have second passports and homes outside of the country. But if you and the mob get to Teterboro in time, you can head them off.
Everyone knows grim is a shill for the real estate industry. What a pig. He also makes opiod laden polish sausage called Oxycobasa….
Michael says:
February 26, 2014 at 9:22 am
grim called it….right on pt!!
ast Eddie, the extreme discounts are there, just not where you want to buy it.
“About 21 percent of New Jersey foreclosures are in urban areas and another 18 percent are in towns hit by Sandy. Only 4 percent are in the southern suburbs and 2.5 percent in the northern ones, Otteau said”
“There is a crisis, and where that crisis will play out is in inner, urban neighborhoods where unemployment is highest, credit scores are lowest and investor appetite is non-existent,” Otteau said.
Can anyone other than Michael take a crack at explaining how SPENDING money on the purchase of real estate is equivalent to hoarding?
Michael says:
February 26, 2014 at 2:51 pm
38- Joyce, does this qualify has hoarding money?
#35 30 year realtor,
Thank you for the candor. As a prospective buyer, hearing, “this market is the new normal” always seems to connotate that BUYERS have to come to some sort of acceptance.
It is very refreshing to hear from a reliable source that the SELLERS are indeed delusional (or shall we say, “unqualified”). In the towns I am watching, a house that is priced right will move in under a week. Priced wrong, they sit, and sit, and sit. Too many houses in crappy locations or in need of $100K+ in updates are priced as if they are trophies.
As I see it, quite a few sellers are essentially using a free option: to search for a sucker at no cost to them. So, while inventory may be historically high, it’s like going to a used car lot full of $100,000 beaters surrounded by a handful of realistically priced cars. No one is going to pay $100k for your 10 year old Honda; it isn’t really for sale. And if you have the nerve to ask $100,000 for a 10 year old Honda, I’m not even going to take you seriously enough to give you a low-ball offer…you’ve already proven your inabilty to negotiate in good faith by not listening to your agent’s advice or understanding how markets work.
While I realize listing agents don’t have much incentive to decline listings altogether, from where I sit, the free option for sellers to try to snag a sucker is distorting the market.
Michael [41];
Once again, if you give a corporation a 20 million tax credit, that means everyone else has to pay more now.
Proof positive that the notion of government spending $20,000,000 LESS is not even conceivable to some…
#36 Lib
There are dolts on both sides, no doubt. Would anyone here buy a home above 2008 price that was covered in asbestos shingle and in basement? Sure, inside had pottery barn styling but really?? Would anyone here buy a home in high risk AE flood zone when house not conform to FEMA standards and flood ins. quote could be 7k/ yr ? I saw both of these houses over summer and both sold after 8 mos. People are nuts. I’ve learned over my 40 years to stay away from govt. net. These people have not.
Everything you need to know in one handy little chart…..
Here are the 10 most affluent neighborhoods in America, as measured by mean household income.
Rank
Neighborhood
City
Mean household income
1 The Golden Triangle Greenwich, Conn. $614,242
2 Bradley Manor-Longwood Bethesda, Md. $599,440
3 Potomac Manors Potomac, Md. $599,331
4 Old Cutler-Hammock Oaks Coral Gables, Fla. $596,851
5 Carderock-The Palisades Potomac, Md. $595,669
6 East Lake Shore Drive Chicago $593,454
7 Swinks Mill-Dominion McLean, Va. $562,596
8 Cameo Shores-Highlands Newport Beach, Calif. $554,721
9 Pelican Hill-Pelican Crest Newport Beach, Calif. $549,659
10 Greenhaven Rye, N.Y. $540,403
moose you didn’t here the era of austerity is over. no the government can get back to spending again. Finally our long national nightmare is over.
clotluva [49],
Exactly. Let them starve to death. I’ll stay put rather than fund some fat, d0pey bast@trds life style. If I need a sledge hammer, two shots of booze and a f.ucking gas mask to walk in the joint, it desrves a book of matches, not an offer sheet.
@CNBC: The mortgage market’s plunge: http://t.co/zXpeF0ydAu [Chart of the Day] • http://t.co/Mm2HrwHcNX
I have an aunt and uncle who lived in Potomac. Uncle worked for the feds in rail transportation. You should have seem his house when I was growing up.
where you wanna cut?
The army?
Medicare?
Social Security?
You right wingers ardent supporters of those entitlements
Anon E. Moose says:
February 26, 2014 at 3:12 pm
Michael [41];
Once again, if you give a corporation a 20 million tax credit, that means everyone else has to pay more now.
Proof positive that the notion of government spending $20,000,000 LESS is not even conceivable to some…
Yes
Yes
Yes
and so much more. Anything else I can answer?
anon (the good one) says:
February 26, 2014 at 4:15 pm
where you wanna cut?
The army?
Medicare?
Social Security?
yes, another question is how to convince fiscally conservative right wingers to cut on those sacred cows. they are their most ardent supporters
joyce says:
February 26, 2014 at 4:19 pm
Yes
Yes
Yes
and so much more. Anything else I can answer?
anon (the good one) says:
February 26, 2014 at 4:15 pm
where you wanna cut?
The army?
Medicare?
Social Security?
You right wingers ardent supporters of those entitlements
Anon E. Moose says:
February 26, 2014 at 3:12 pm
Michael [41];
Once again, if you give a corporation a 20 million tax credit, that means everyone else has to pay more now.
Proof positive that the notion of government spending $20,000,000 LESS is not even conceivable to some…
that’s why teatards carry signs “get the govt out of my Medicare”
cuts for you. but not for me. of course.
http://blogs.miaminewtimes.com/shortorder/2013/06/smiley_stickers_cheap_beer_and.php
Best Damm Boardy Barn Story ever.
Why did I engage the troll…
My grandparents (now just one) always told me they voted democrat the past several decades. I didn’t ask if they voted that way since they were 18. There might be a few holes in your theory (shocking I know). Oh and one more thing, like I said they voted democrat for decades now… until Obama. Yes, racist at heart. They are the stereotypical people who start sentences with, “not to be racist, but…”
You heard me right anon, registered democratic racists.
The horror
Why did I engage the troll…
My grandparents (now just one) always told me they voted democrat the past several decades. I didn’t ask if they voted that way since they were 18. There might be a few holes in your theory (shocking I know). Oh and one more thing, like I said they voted democrat for decades now… until Obama. Yes, racist at heart. They are the stereotypical people who start sentences with, “not to be racist, but…”
You heard me right anon, registered democrat racists.
The horror
“In the past few years, the science of Internet trollology has made some strides. Last year, for instance, we learned that by hurling insults and inciting discord in online comment sections, so-called Internet “trolls” (who are frequently anonymous) have a polarizing effect on audiences, leading to politicization, rather than deeper understanding of scientific topics.
That’s bad, but it’s nothing compared with what a new psychology paper has to say about the personalities of so-called trolls themselves. The research, conducted by Erin Buckels of the University of Manitoba and two colleagues, sought to directly investigate whether people who engage in trolling are characterized by personality traits that fall in the so-called “Dark Tetrad”: Machiavellianism (willingness to manipulate and deceive others), narcissism (egotism and self-obsession), psychopathy (the lack of remorse and empathy), and sadism (pleasure in the suffering of others).
It is hard to underplay the results: The study found correlations, sometimes quite significant, between these traits and trolling behavior. What’s more, it also found a relationship between all Dark Tetrad traits (except for narcissism) and the overall time that an individual spent, per day, commenting on the Internet.”
http://www.motherjones.com/blue-marble/2014/02/internet-trolls-sadists-psychopaths-lulz
I used to respect this guy when I was a teenager until I realized what his agenda was…..
Spike Lee went on a seven-minute, profanity-laced tirade against the influx of white “hipsters” into the city’s formerly poor neighborhoods during a Black History Month event on Tuesday.
When an audience member at the Pratt Institute event asked the “Do the Right Thing” director about the benefits of gentrification, Lee joked, “Let me just kill you right now.”
“Here’s the thing. I grew up in Fort Greene. I grew up here in New York. It’s changed. And why does it take an influx of white New Yorkers in the south Bronx, in Harlem, in Bed-Stuy, in Crown Heights for the facilities to get better?”
“The garbage wasn’t picked up every mother—kin’ day when I was living in 165 Washington Park. PS 20 was not good. PS II. Rothschild 294. The police weren’t around,” he added.
Lee, wearing a “Defend Brooklyn” hoodie, went on to denounce what he called “the mother—kin’ Christopher Columbus Syndrome.”
“You can’t just come in the neighborhood and start bogarting and say, like you’re mother—kin’ Columbus and kill off the Native Americans,” he said.
“There were brothers playing mother—kin’ African drums in Mount Morris Park for 40 years and now they can’t do it anymore because the new inhabitants said the drums are loud.”
He said Brooklyn hipsters objected when Michael Jackson died and fans wanted to have a party in his honor in the Fort Greene section.
“And all of a sudden the white people in Fort Greene said, ‘Wait a minute! We can’t have black people having a party for Michael Jackson to celebrate his life. Who’s coming to the neighborhood? They’re gonna leave lots of garbage.’ ”
“Garbage?” Lee added. “Have you seen Fort Greene Park in the morning? It’s like the mother—kin’ Westminster Dog Show. There’s 20,000 dogs running around. Whoa. So we had to move it to Prospect Park.”
He said the change in property values wasn’t helping everyone.
“What about the people who are renting? They can’t afford it anymore! You can’t afford it”
“People want to live in Fort Greene. People want to live in Clinton Hill. The Lower East Side. They move to Williamsburg. They can’t even afford f–kin’, mother—kin’ Williamsburg now because of the mother—kin’ hipsters.”
Lee, who now lives on the Upper East Side, summed up.
“So why does it take this great influx of white people to get the schools better? Why’s there more police protection in Bed-Stuy and Harlem now? Why’s the garbage getting picked up more regularly? We been here!”
[65] chi fi
That’s the real spike lee. I never respected him.
[64] clotuva
“so-called Internet “trolls” (who are frequently anonymous)”
I dislike excess verbiage. Was the “frequently” and “ymous” necessary?
[62, 63] joyce
You can’t say you weren’t warned.
I mean…I don’t think Spike is necessarily lying about any of that.
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#65 chifi
“So why does it take this great influx of white people to get the schools better? Why’s there more police protection in Bed-Stuy and Harlem now? Why’s the garbage getting picked up more regularly?”
Uh, because the new residents appreciate education and security and don’t treat the neighborhood like a dump? But the most distasteful/inaccurate thing about his statements is that he equates hipster-fueled gentrification with one specific race. It’s not a race issue, it’s a class/culture issue. Watch the folks get off the L train in union square sometime…1930’s retro, nerd glasses, and steampunk are all colorblind. But I will say I’m way over the James Harden-esque beard look with the cropped hair and razor sharp part. There is such a thing as trying too hard…
50- clever! But the way I was looking at it, when a govt is in debt, there is no such thing as spending less. You are either raising or lowering the debt. Giving tax credits, when in debt, is definitely taking from poor Peter to pay rich Paul. You give Apple a tax credit when you are in debt, then john smith ends up paying more in taxes. That’s why you people who get mad at welfare recipients and cheer on big biz, are in theory, cheering on the richest welfare recipients in America. Screw them both! Get rid of this bs tax code. The only reason the tax laws are so complicated is to hide the crime. Smoke and mirrors.
“Proof positive that the notion of government spending $20,000,000 LESS is not even conceivable to some…”
grim (5)-
A great American!
“Fun fact of the morning – grim’s dad was involved with the manufacture and quality of oxy for many years.”
2013 was a good year for North Jersey home prices
I don’t get this home-speak. Most people are nowhere near actually owning their homes, and the current trend is that they never, ever, will.
Isn’t this the equivalent of stating, 2013 was a good year for North Jersey used snow blower prices
If the price of used snow blowers goes up, maybe you can sell yours, pay off your outstanding credit card balance because you really couldn’t afford it in the first place, and put 10 or 20 dollars in your pocket? All the time ignoring that you got killed in interest, carrying costs, and maintenance along the way. I’m guessing most people are really this stupid. and fat.
You need to dig deeper…..have you ever considered the end of the movie “Do the Right Thing”?
ccb223 says:
February 26, 2014 at 6:13 pm
I mean…I don’t think Spike is necessarily lying about any of that.