From Bloomberg:
The Riskiest Housing Markets in the U.S.
20. Minneapolis – St. Paul, Minnesota
Risk of loss: 18.8%
Worst year: -10.1% (July 2010 – June 2011)
Best year: 13% (July 1999 – June 2000)
Average annual gain: 3.5%
Zillow 12-month forecast: -1.5%19. Cleveland
Risk of loss: 20.5%
Worst year: -11.2% (Oct. 1981 – Sept. 1982)
Best year: 14% (Oct. 1982 – Sept. 1983)
Average annual gain: 2.3%
Zillow 12-month forecast: 5.9%18. Washington, D.C.
Risk of loss: 20.5%
Worst year: -14.6% (Jan. 2008 – Dec. 2008)
Best year: 26% (April 2004 – March 2005)
Average annual gain: 5%
Zillow 12-month forecast: 1.5%17. San Jose, California
Risk of loss: 21.4%
Worst year: -14.9% (April 2008 – March 2009)
Best year: 35% (July 1999 – June 2000)
Average annual gain: 6.6%
Zillow 12-month forecast: 4%16. Las Vegas
Risk of loss: 21.4%
Worst year: -30.1% (Oct. 2008 – Sept. 2009)
Best year: 51% (Oct. 2003 – Sept. 2004)
Average annual gain: 3.1%
Zillow 12-month forecast: -1.2%15. New Orleans
Risk of loss: 22.2%
Worst year: -7.2% (Oct. 1987 – Sept. 1988)
Best year: 16% (July 2012 – June 2013)
Average annual gain: 3.3%
Zillow 12-month forecast: 8%14. Phoenix
Risk of loss: 22.2%
Worst year: -20.5% (Jan. 2008 – Dec. 2008)
Best year: 48% (Oct. 2004 – Sept. 2005)
Average annual gain: 3.8%
Zillow 12-month forecast: 3.8%13. San Francisco
Risk of loss: 23.9%
Worst year: -16.3% (Jan. 2008 – Dec. 2008)
Best year: 28% (July 1999 – June 2000)
Average annual gain: 6%
Zillow 12-month forecast: 12.6%12. Indianapolis
Risk of loss: 24.8%
Worst year: -8.9% (Oct. 2003 – Sept. 2004)
Best year: 12% (July 1980 – June 1981)
Average annual gain: 2.5%
Zillow 12-month forecast: 2.8%11. Denver
Risk of loss: 27.4%
Worst year: -4.8% (Jan. 2008 – Dec. 2008)
Best year: 14% (Jan. 1999 – Dec. 1999)
Average annual gain: 3.9%
Zillow 12-month forecast: -0.1%10. New York
Risk of loss: 27.4%
Worst year: -8.7% (April 2008 – March 2009)
Best year: 24% (July 1986 – June 1987)
Average annual gain: 6%
Zillow 12-month forecast: 3.6%9. San Diego
Risk of loss: 27.4%
Worst year: -18.7% (Jan. 2008 – Dec. 2008)
Best year: 30% (Oct. 2003 – Sept. 2004)
Average annual gain: 5.3%
Zillow 12-month forecast: 5.3%8. Sacramento, California
Risk of loss: 27.4%
Worst year: -19.1% (Jan. 2008 – Dec. 2008)
Best year: 25% (Jan. 2004 – Dec. 2004)
Average annual gain: 4.8%
Zillow 12-month forecast: 4.9%7. Detroit
Risk of loss: 28.2%
Worst year: -19.1% (April 2008 – March 2009)
Best year: 20% (Oct. 2012 – Sept. 2013)
Average annual gain: 2.3%
Zillow 12-month forecast: -0.5%6. Dallas-Fort Worth, Texas
Risk of loss: 29.1%
Worst year: -7.5% (July 1987 – June 1988)
Best year: 12% (Jan. 1980 – Dec. 1980)
Average annual gain: 2.1%
Zillow 12-month forecast: 1.5%5. Los Angeles
Risk of loss: 29.1%
Worst year: -18.5% (Jan. 2008 – Dec. 2008)
Best year: 30% (Oct. 2003 – Sept. 2004)
Average annual gain: 5.8%
Zillow 12-month forecast: -0.4%4. Boston
Risk of loss: 29.9%
Worst year: -8.3% (July 1990 – June 1991)
Best year: 29% (April 1985 – March 1986)
Average annual gain: 6.2%
Zillow 12-month forecast: 4.3%3. Riverside, California
Risk of loss: 30.8%
Worst year: -28.7% (April 2008 – March 2009)
Best year: 37% (Oct. 2003 – Sept. 2004)
Average annual gain: 4.6%
Zillow 12-month forecast: -1.1%2. Providence, Rhode Island
Risk of loss: 31.6%
Worst year: -12.1% (Jan. 2008 – Dec. 2008)
Best year: 30% (July 1986 – June 1987)
Average annual gain: 5.2%
Zillow 12-month forecast: 6.6%1. Hartford, Connecticut
Risk of loss: 36.8%
Worst year: -8.2% (April 1990-March 1991)
Best year: 31% (Jan. 1987-Dec. 1987)
Average annual gain: 4.2%
Zillow 12-month forecast: 0.8%
Frist!
Anyone catch Christie on CNBC yesterday?
They quoted a Martin Armstrong post on Zerohedge
http://player.theplatform.com/p/gZWlPC/vcps_inline?byGuid=3000289058&size=530_298
http://www.zerohedge.com/news/2014-06-28/martin-armstrong-warns-civil-unrest-rising-everywhere-wont-end-pretty
And Russell Brand is the spokesperson for this uprising? There isn’t nearly enough Heroin in the UK to support this. Does the protest stop for tea time? Where was Jonah Hill in all of this? Was he booked on another gig or something?
4 – Ha! Don’t make me laugh…
I guess I’d just never thought CNBC host’s actually read that stuff or took it seriously…let alone quote them on the air….
I thought Zerohedge was a subsidiary of CNBC
This seriously makes me sick. What is wrong with these people? Why the fuc! are they so greedy? They want to make money, but not pay taxes? Do they understand that taxes are necessary? Are they retarded? So unamerican. There is nothing good about these people.
This guy Alford gets it. I applaud people who cut off business to these greedy bastards.
I wonder how these billionaires would feel if regular workers could find a tax haven to avoid paying taxes. How would these billionaires feel about that? Yea, they would realize it’s not right, because America would cease to exist with no tax revenue. Then we can have anarchy and the dollar will be worth shi!. Then you will realize why it’s in your best interest to pay taxes and support govt, the alternative sucks!
“But there may also be financial drawbacks to moving to the island. Brad Alford, who runs Atlanta-based Alpha Capital Management, which farms out more than $200 million to alternative mutual funds, was all set to invest $10 million with portfolio manager Randy Swan until he learned that Swan was moving to Puerto Rico to cut his tax bill. “I told Swan’s sales guy that was a deal killer,” Alford says. “It’s morally wrong and un-American not to pay your fair share of taxes.” (Swan says taxes were only one of the reasons he moved and that he’s received no complaints from any current or potential clients.)”
phoenix says:
July 2, 2014 at 12:25 am
Puerto Rico, tax haven for super rich- this topic was brought up a few days ago…
http://www.businessweek.com/articles/2014-06-26/puerto-rico-tax-haven-for-americas-super-rich
Followed by…Puerto Rico Downgrade Raises Default Fears..
http://online.barrons.com/news/articles/SB50001424053111904248904580003610191234810
So, there is money, but there is no money. P.R has more citizens on disability than any other part of the U.S. Cheap labor subsidized by Medicaid and Social Security Disability. Clot is right again. I’m going to need some of Grim’s tonic too. Hope he gets it ramped up soon.
7- some comments I found funny
“Yup and I feel for the average Puerto Rican who tries to stay and make things work there financially for their family instead of moving to the states. What is badly needed and has been for a long time is a rationalization of the pension system, reduction in gov’t size & spending, and improvement in island infrastructure which is one area where the gov’t has chronically under invested & private sector hasn’t & won’t invest the necessary dollars.
Instead things have gotten so desperate that the current governor is willing to do whatever tricks he can to scrape in a few bucks from American citizens (mainly hedge fund and private equity) who don’t want to become ex-pats and give up their US passports.
All that San Juan is becoming is a city like Rio de Janiero or others in Latin American where the wealthy live in guarded, secluded area with heavy private security and their own functioning utility system including water, sewage, and backup power generation. Idea that hedge fund and private equity owners will invest in businesses and have a large multiplier economic effect on the island is laughable if not sad.”
“Puerto Rico is the place to be if you’ve got a lot of money to invest. Real estate especially can be snapped up at insanely low prices. That hotel Paulson bought for less than 10% of what our government pumped into it through the Government Development Bank, for example, is a deal made in heaven. That said, if you’re middle class or lower middle class like me, you are counting the days till you can leave. If you’ve got money and lawyers, you can do whatever you want here. It is reasonably safe for the rich who live in their guarded penthouses and stay in Condado, Old San Juan, or Palmas del Mar. If you are just an honest, hardworking, reasonably bilingual person with a will to make something of yourself, Puerto Rico is not the place for you. The price of everything from electricity to food is insane. The regulations to do anything are opaque, mystical, and unevenly applied. The average person is lazy, entitled, and impossible to reason with. Government workers demand raises and Christmas bonuses out of a bankrupt state and go on strike for the smallest reasons, contributing to gridlock, electrical failures, and service disruptions. Even the students go on strike when they’re asked to contribute $70 more per semester to their (almost free) university education. Good luck opening a business. The crime is terrifying. I myself am making arrangements to leave.”
The Vanderbilt Condado is absolutely gorgeous, easily the most expensive hotel lobby I have ever been in, and I’ve been in many very swank places. I’d wager a guess at the foyer and ground level alone costing near $100 million. Photos do it absolutely no justice, the level of detail is astounding.
Rumor is lots of people got taken to build that place, it was largely a sham. Most of the original budget was blown on the exterior and the lobby, with many floors completely untouched, purposely hidden from view.
At least that’s what the locals say.
“The Amish would never own a pool, but a drive around the back roads of towns in Lancaster County such as Gap, Bird-in-Hand, and Paradise reveal man-made, lined swimming ponds complete with diving boards. The Amish are not supposed to have a home phone, but cell phones—even iPhones—are everywhere. Browsing the Internet remains, for the most part, off-limits, but it’s no longer shocking to see an Amish family enjoying dinner at a sushi joint. Many now pay non-Amish drivers to shuttle them in cars and vans to work every day. They go on shopping trips, too. High-end buggies in the horse auction’s parking lot feature plush upholstery and cup holders.”
http://www.businessweek.com/articles/2014-06-26/rich-amish-lured-into-florida-land-investment-scheme#p2
#10..I knew all that from watching Amish Mafia!
I thought the whole buggies and bonnets thing was just a clever marking concept cooked up by BBDO to help grow tourism in the area.
7- This is the world greed is creating. Lovely, isn’t it?
“All that San Juan is becoming is a city like Rio de Janiero or others in Latin American where the wealthy live in guarded, secluded area with heavy private security and their own functioning utility system including water, sewage, and backup power generation. Idea that hedge fund and private equity owners will invest in businesses and have a large multiplier economic effect on the island is laughable if not sad.”
[10] michael
One thing to know is that the “Amish” is used as a catch all for Mennonites, Old Order Amish, and what I would call “Reformed” Amish. Like all other religions, they have their conservative and not so conservative demoninations.
Mennonites often dress like the Old Order Amish but are not proscribed from modern conveniences. Also, many Amish are not Old Order and have cars, phones, etc.
Even the Old Order Amish aren’t disallowed some of the comforts of modernity, and like other religions, they find ways to have them that don’t violate their faiths. For example, it is acceptable for an Amish farmer to have machinery tending their fields as long as they don’t own or operate it. Some years ago when bad weather threatened their harvest, local non-Amish farmers helped out by harvesting their fields for them so the crops came in on time.
Old Order Amish are even permitted to use modern conveyances so long as they aren’t driving. Had a nice conversation with one farmer on Amtrak on his way to NYC from Lancaster. He was going there for a meeting with McDonald’s–he and his partners were vendors for McD’s–complete in his plaid shirt, straw hat, and buttonless, suspendered pants, and a briefcase and cellphone. We talked about his business and what it was like being a subcontractor for McDonalds.
[14] redux,
Earlier this spring, I was in Oxford, PA, and got behind a buggy with a couple of younger people in it. Looked like a date. The open buggy had cupholders and Starbucks cups in them.
Over the years, I’ve known a number of Amish, Mormons, and folks from other sects within larger denominations. What I found amazing is that when you strip away the trappings, be they straw hats, black fedoras, hajibs, whatever, and got to know them, they are quite hard to distinguish from the more mainstream Christians or Jews we know and are used to.
We focus on the trappings and the customs and think that is all there is. It is missing the forest for a single tree.
[8] michael
“The price of everything from electricity to food is insane. The regulations to do anything are opaque, mystical, and unevenly applied. The average person is lazy, entitled, and impossible to reason with. Government workers demand raises and Christmas bonuses out of a bankrupt state and go on strike for the smallest reasons, contributing to gridlock, electrical failures, and service disruptions. Even the students go on strike when they’re asked to contribute $70 more per semester to their (almost free) university education. Good luck opening a business. The crime is terrifying. I myself am making arrangements to leave.”
Could just as easily be describing California.
Remember, a while back, I said that getting a good job is all about networking, the reason to go to an Ivy League school is to develop network connections. Well here is your proof. Ivy League is not all about the education, it’s about the network opportunities. You are lying to yourself if you think otherwise. It’s not what you know, but who you know.
I have never met someone that got a “great job” without knowing someone. You can work hard and move up in a company, but once again that is due to your networking in the company (they already know you and what you are about, hence it’s networking that allows for your growth). Someone that knows more about that job, but with no network connections in that company, will not get hired over someone who knows less about the job, but has network connections in that company.
Hell, as fast Eddie knows, even the best real estate deals are all based on networking. You are not getting a nice house without knowing someone.
“The advantages of a privileged background don’t stop at graduation. Tufts economist Linda Loury suggests that half of all jobs in the U.S. are found through family, friends, or acquaintances. Canadian economists Miles Corak and Patrizio Piraino look at how often men end up working at the same company where their father worked, finding that as many as 40 percent have done that at some point. The proportion rises to 70 percent among the top 1 percent in income distribution. This helps to explain why the relationship between the earnings of parent and child is even higher at the top end than it is across the population at large, according to Corak. One-third of successions between chief executive officers in publicly listed companies in the U.S. involves an incoming CEO related by blood or marriage to the old CEO, the founder, or a large shareholder. That’s bad news for the share price, according to Francisco Perez-Gonzalez of the NBER, but clearly good news for the newly appointed relative.”
http://www.businessweek.com/articles/2013-04-22/how-did-the-worlds-rich-get-that-way-luck
Good points, I agree. I think it’s like grim said, Amish are more interested in marketing their culture for the sake of making a quick buck. “Amish Mafia” says it all. They are trying to make money off of Americans fascination of what they think the Amish culture is still about, even though most of the Amish have modernized.
Comrade Nom Deplume, a.k.a. Captain Justice says:
July 2, 2014 at 9:05 am
[14] redux,
Earlier this spring, I was in Oxford, PA, and got behind a buggy with a couple of younger people in it. Looked like a date. The open buggy had cupholders and Starbucks cups in them.
Over the years, I’ve known a number of Amish, Mormons, and folks from other sects within larger denominations. What I found amazing is that when you strip away the trappings, be they straw hats, black fedoras, hajibs, whatever, and got to know them, they are quite hard to distinguish from the more mainstream Christians or Jews we know and are used to.
We focus on the trappings and the customs and think that is all there is. It is missing the forest for a single tree.
[17] michael
At the risk of mixing metaphors, the more you put them in the cross-hairs, the more they will circle the wagons and hire only from within, so to speak.
Will they hire that promising student who dragged himself out of the barrio, or the equally well-educated son of their friend from the club? If it were me, and I was looking at the prospect of having to moat myself off from the larger world in a certain sense, well, you don’t invite “outsiders” into your gated communities, do you?
I don’t cry for Paulson or Schiff or anyone else who is concerned about the “mob” because they can well take care of themselves. But I would hardly blame them for decamping for friendlier shores, either literally or in a figurative sense. And when they are well and truly gone, let me know what you have “won.” I’ll be keen to hear about it.
[18] Michael
“They are trying to make money off of Americans fascination of what they think the Amish culture is still about, even though most of the Amish have modernized.”
Well, yeah. If I thought I could charge admission for people to observe how I live, I would. Like I said, strip away the trappings and they aren’t that different.
It amazes me how we somehow expect pious people to be ascetes of some sort, like the lama that eschews all earthly comforts (and by the way, the Dalai Lama lives quite well, even by Western standards).
http://cecilimages.photoshelter.com/image/I0000saN62jOco7s
17- wonderful comment from that article.
“I also happen to have come from very modest backgrounds, and in many instances simply could not pull off the Herculean stretches it would have taken to advance myself.
In public school, I was bullied so badly that I was forced to enroll into a private school. My parents could not afford that, so I joined work study and took a part time job as well. Doing this allowed me to pay for private schooling and begin to excel in the absence of the bullying.
The excellence of my studies (3.96 cumulative high school GPA) earned me a scholarship, but the scholarships only paid for tuition, not room and board. Being from a dysfunctional household, I was forced to flee during my second year of college. That meant I also needed to pay for room and board, since there were no scholarships for that.
So, to try to keep affording college, I began accumulating part time jobs, which were the only jobs available where I lived. I worked up to 6 total part itme jobs, none of which scheduled more than 10 hours per week, some only 4 hours. The stress of all that eventually drove me to physical and mental breakdown, and my college career was over. Had I finished college and continued to graduate school, I would be a research scientist today.
There were no support systems for me, since my parents were alive but useless to me (my stepfathers would try to kill me if I refused to take on more of their chores, for instance). There was no lifeline I could call on or option I could pursue to change that reality.
In the end, my early adoption of computer programming allowed me to claw my way up into various IT positions, but I have been stymied by the lack of a degree. I can’t afford the loans for a degree, due to failing at starting a real estate business. I was caught in the real estate collapse because I didn’t foresee it coming from the ridiculous banking practices we started here in the US.
To sum up, it sickens me when people who have never had to experience any of this decry those who have as lazy. This is light years from the truth and simply intellectually lazy on their part.”
re: Amish.
Quote from Kingpin.
Roy: Hey, I hope you don’t mind, I got up a little early, so I took the liberty of milking your cow for you. Yeah, it took a little while to get her warmed up, she sure is a stubborn one. Then, POW, all at once.
[Takes a drink from the bucket]
Mr. Boorg: We don’t have a cow. We have a bull.
Roy: I’ll brush my teeth.
17- a couple comments that I thought help us to understand the plight of the other side. I know I didn’t realize all of this.
“We already gave them the resources to move to the middle class, but they refuse to take the next step. We educate them for free for 13 years, we give them free food, free health care, free rent, and free utilities, but they ditch school, abuse drugs, bully studious classmates, and then get pregnant outside of marriage to receive a lifetime of free public services.”
“I see and when wealthy kids are buying the really good drugs and their parents are addicted to the legal drugs, like pain killers and sedatives, then they must be taking that next step. or, is it only wrong when poor people do it. and i guess pregnancy outside of marriage is only bad if you can’t afford to raise the kid. if you’re rich then screw marriage. bullying, including rape, happens at some of the finest schools in america, but it must only be a problem when the low class scum do it. of course, there are those who will take anything they can get and run with it. i guess my different opinion stems from being one of the low class scum who had to go to community college – where i saw tons of people on welfare who were going to school AFTER work to better their situation.”
“You speak of “them” as if people poorer than you are some sort of foreign creature. Maybe you should think and speak with a little bit of compassion and understanding.
The “next step” as you put it can be very difficult to achieve when there are only a certain number of merit scholarships that are incredibly difficult to get, a small number of grants without strings attached, limits to the amount of loans you can take out, increasing interest on said loans, increasing costs of tuition, very little dedicated to help with housing costs or supplies which then requires the student to work a minimum wage job for long hours to afford basic housing (which affects schooling), which also stretches out the amount of time one has to dedicate to school, which increases their chances of dropping out due to financial hardship or having life events prevent them from completing a degree or program……and then if they happen to finish school there’s no guarantee they’ll have a job at all due to high unemployment and ever increasing outsourcing.
Sounds easily achievable and realistic for all…”
don’t know who owns Zerohedge, but now they seem to have a sports section. truly the end of times
grim says:
July 2, 2014 at 8:19 am
I thought Zerohedge was a subsidiary of CNBC
Transfuse the Cadaver says:
July 1, 2014 at 7:44 pm
Not exactly on-ball quality, as most of our guys have technical quality on the ball as individuals. The real problem- as it’s always been- is movement forward as a team and coordinating movement to keep/advance the ball and put defenders under pressure.
21 – Jesus Christ, how many excuses could that guy make in one post, he’s excused his whole life, clearly nothing is in his control, completely powerless. Pathetic lazy ass whiner, oh wait, that wasn’t his fault either, that was clearly a result of his upbringing.
SAN DIEGO (AP) — Homeland Security buses carrying migrant children and families were rerouted Tuesday to a facility in San Diego after American flag-waving protesters blocked the group from reaching a suburban processing center.
When you have a lawless, defiant pres1dent, people will start taking matters into their own hands.
http://news.yahoo.com/buses-migrant-families-rerouted-amid-protest-004143806.html
26 – I think the US needs immigration reform….badly. The trouble is, the debate is hijacked by “amnesty” talk.
21 WTF really I walked into a gas station and got a 30 hour a week job my first day on campus back in 94 was not minimum wage either but sure pal it was always someone elses fault. What a pathetic bunch of pussies inhabit this country.
The problem with immigration in this country and the prospects for healthy reform is that there is no voting constituency for it. The “clients” of the system can’t vote (at least not legally) by definiton until they are naturalized several years down the line. Who else has a voting interest in the system? The “Chamber of Commerce” intersts that like cheap labor; the public worker unions that staff the bureacracy; leftist immigration lobbies like “La Raza” that are looking out for their own ‘raza’.
[26] eddie,
Yeah, now I had to strike that section from my manuscript. I suppose I can replace it with actual events but I can’t leave it as is since its at odds with actual events.
Gov Chris Christie spars with protesters at Caldwell town hall that are angered by the governors line item veto tuition aid grants for undocumented students.
http://video-embed.nj.com/services/player/bcpid1950981419001?bctid=3654008763001&bckey=AQ~~,AAAAPLMILBk~,Vn8u6tPOf8Us2eD8W1ez5Zw-Ss_6Anfe
#26
I don’t see the quote in that story, it must have been censored out, but one of the mass illegal immigration supporters was justifying the invasion by saying that the migrants are fleeing gangs and violence. That’s another great reason to slam the door shut as far as I’m concerned. Keep the societal plagues down there, we already have our share of them here.
#31
It’s kind of difficult to lend much sympathy to someone being paid by a union to show up during their Summer break and read scripted lines. Big flop.
32.
I thought the mass illegal immigration supporters were the ones who paid them in cash.
You know, the landscapers, roofing companies, etc, you know, the Republicans.
Then, of course, the Democrats give free healthcare / other assistance.
Then the Republicans outsource all other jobs leaving only manual labor aka landscaping/roofing work.
Seems to me everyone is supporting them.
Except for those who don’t USE them, and just have to pay for them.
@MotherJones: Target is the latest corporation to tell open-carry activists to keep their guns off the premises http://t.co/K1Rxnww4ew
Even Pro-gun rights people think the open carry activists are knuckleheads.
Down in LBI for a day. Man there is allot of construction going on here. Nearly ever block has one or two projects, building new homes or lifting and fixing up older homes.
#34
I don’t assign much blame to the small business owner. They’re simply filling a need- which is to provide a service at the lowest possible cost.
And after all, it’s within everyone’s discretion to only use services that comply with our laws. Most or all of us “use” them some time or another.
On the other hand, if the generous welfare state that’s been built actually incentivized someone to get off their a$$ and work, we’d have no labor shortage.
It is my understanding that the people who open carry rifles are doing so because they are not allowed to either a) concealed carry and/or b) open carry handguns.
Street Justice says:
July 2, 2014 at 12:49 pm
Even Pro-gun rights people think the open carry activists are knuckleheads.
39
as well as make a ‘statement’
38.
Do you feel the same way about a drug dealer. They too are simply fulfilling a need.
Both are doing something illegal.
Then again, some animals are more equal than others.
38.
Most or all of us “use” them some time or another.
Someone using the service may or may not know the status.
Someone using the service “uses” them possibly once.
Someone hiring them KNOWS their status.
Someone hiring them “uses” them everyday.
39 – That is correct…and gun rights people not associated with “open carry protesters” would like to achieve that goal, but the open carry protesters are having the opposite effect.
We have a lot of rights to do a lot of ridiculous things, it doesn’t mean we should do them. I think it is like walking down the street with your middle fingers in the air in order to advance your first amendment rights. We have a right to free speech, but you’re not going to make any friends that way or convince people to agree with your cause.
No, it’s both over the top and an overgeneralization. But there are some abuses for sure.
On the other hand, it’s not very difficult to find out which operators use illegals. The ones who don’t are typically proud of it.
phoenix says:
July 2, 2014 at 1:48 pm
38.
Do you feel the same way about a drug dealer.
I do not disagree with your sentiment. However, your analogy doesn’t hold water. I believe many super-cops out there would not only cite but arrest you for “disorderly conduct” or equivalent for walking down the street with your middle fingers in the air.
I would also say no we’re not allowed to do a lot of, perhaps ridiculous, yet completely lawful things anymore because someone somewhere somehow will be offended and call the cops. I think it’s easy to make the argument that because people don’t exercise certain rights, it has been easier for them to accept that they’re no longer there.
Street Justice says:
July 2, 2014 at 2:07 pm
39 – That is correct…and gun rights people not associated with “open carry protesters” would like to achieve that goal, but the open carry protesters are having the opposite effect.
We have a lot of rights to do a lot of ridiculous things, it doesn’t mean we should do them. I think it is like walking down the street with your middle fingers in the air in order to advance your first amendment rights. We have a right to free speech, but you’re not going to make any friends that way or convince people to agree with your cause.
The End Is Nigh (JJ Cancer Edition):
http://www.forbes.com/sites/matthewherper/2014/07/02/why-thousands-of-men-like-j-p-morgan-ceo-jamie-dimon-are-getting-throat-cancer/?partner=yahootix
About to go under contract! Fingers crossed. Many thanks for the regular posters here and Grim for keeping me sane and informed through my house hunt saga that seems to have stretched on for an embarrassing number of years. Next step is inspection. Can someone confirm to me the uber inspector that has been recommended here many times. I’ll be down in northern Ocean and I believe he is in Monmouth.
Thanks
By the way pay your property taxes. Little wuzzes like this that sign up for the job don’t like it when it hurts a bit and want to retire with tax free 70% of salary disability retirement.
2nd Palisades Park cop retires on disability after Leonia shooting death
June 26, 2014 Last updated: Thursday, June 26, 2014, 7:01 AM
By MONSY ALVARADO
STAFF WRITER
The Record
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PALISADES PARK — The second borough police officer involved in a 2012 fatal shooting in Leonia has retired on disability.
Christopher DeSotto, 36, has been on leave for months, but this week the Borough Council formally accepted his resignation. The resolution passed 6-0 on Tuesday and also directs the borough to pay DeSotto 122 days of remaining compensatory time, holiday time and personal, vacation, sick leave and terminal leave days at a daily rate of $446.85, which amounts to $54,515, according to figures provided by Borough Administrator David Lorenzo.
DeSotto has been approved for an accidental disability retirement effective next Tuesday, said Christopher Santarelli, spokesman for the state Treasury Department. His monthly benefit will be $6,423.78, which is two-thirds of $115,628, the salary used in the calculation. His 2014 annual salary, Lorenzo said, would have been $116,181.
DeSotto could not be reached for comment Wednesday morning. Lorenzo described the patrol officer with more than 13 years’ experience as a “great cop.”
“He is a cop inside and out 24/7,” Lorenzo said this week. “He had a way to sniff out bad guys, and had way of being out there and doing his job.”
DeSotto served as a volunteer with the ambulance squad before joining the department. He was honored, along with another volunteer, in 1997 for aiding a stabbing victim before an ambulance arrived.
After the Nov. 25, 2012, shooting, which left 43-year-old Rickey McFadden of Leonia dead, DeSotto was evaluated and cleared to return to work, Lorenzo said. But he said that a few months later, DeSotto went out on leave and was placed on medical disability.
DeSotto; Kyung Uk “Louis” Lee, then a Palisades Park police officer; and Leonia police Sgt. Scott Tamagny were among the officers to respond to a call that McFadden had reportedly robbed a CVS on Broad Avenue at knifepoint. Authorities said that when the officers arrived, McFadden, whose family said he had mental illness, ran toward police with a 12-inch serrated knife.
The three officers tried to get McFadden to let go of the knife, authorities said. Tamagny, authorities said, used pepper spray, before officers fired their weapons multiple times, according to police reports.
Weeks after the shooting, the Bergen County Prosecutor’s Office ruled that the shooting was justified. McFadden’s family has filed a notice of intent to sue the officers and the Leonia and Palisades Park police departments.
In September the Palisades Park Borough Council accepted Lee’s retirement on disability after 13 years of service as a police officer. Tamagny returned to work in January 2013 and was recently promoted to captain on June 16, Leonia Police Chief Tom Rowe said.
– See more at: http://www.northjersey.com/news/2nd-cop-retires-on-disability-after-leonia-shooting-death-1.1041999#sthash.nQlpzkEK.dpuf
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Pretty disgusting. Guy basically hit the lottery. Doesn’t have to do jack, and gets close to 80,000 a year. I thought you justified the high salaries by having to deal with danger. The minute you experience a dangerous situation, you get to retire on disability? Wtf?
“DeSotto has been approved for an accidental disability retirement effective next Tuesday, said Christopher Santarelli, spokesman for the state Treasury Department. His monthly benefit will be $6,423.78, which is two-thirds of $115,628, the salary used in the calculation. His 2014 annual salary, Lorenzo said, would have been $116,181.”
Client contacted me……opinions please…..
Hi Jordan,
Our house is on the market and we just got a good offer. Only thing is they’re doing an FHA loan and their pre-approval is from QuickenLoans (I didn’t know they did mortgages). I’m hesitant on the FHA because last year we had an FHA offer pull out because they later realized they didn’t have the money. My agent is saying FHA’s are very common these days. Do you know anything about this and what are your thoughts?
Regarding QuickenLoans, the buyers stated that they have already submitted all their paperwork to their lender and their mortgage is fully underwritten. They’re just pending a property to attached to their loan so essentially their a cash buyer. This makes no sense to me.
Thanks.
Wtf is his medical disability? The article doesn’t say anything about an injury. Was it stress?
“their mortgage is fully underwritten. They’re just pending a property to attached to their loan so essentially their a cash buyer”
I’ve never heard of anything like that. Almost positive that quickenloans (nor any lender) does it like that. But you probably want clot/grim to comment.
chicagofinance says:
July 2, 2014 at 4:46 pm
Regarding QuickenLoans, the buyers stated that they have already submitted all their paperwork to their lender and their mortgage is fully underwritten. They’re just pending a property to attached to their loan so essentially their a cash buyer. This makes no sense to me.
does NOT do it like that
ChiFi [51];
Still have to deal with title search (esp. flood — new FEMA maps), inspection, appraisal and other nicities that are specific to the property. I think the seller’s agent is overselling their client. Besides, saying you’re “fully underwritten” for FHA (2.5% down?) isn’t much to brag about.
One opinion is to not post confidential client communications to a public message board.
You have any clue who this is? No? Then shut up….
Statler Waldorf says:
July 2, 2014 at 5:17 pm
One opinion is to not post confidential client communications to a public message board.
Little Silver
http://www.afullhouseinspectionco.com/
Thank you for responses posted so far…..
Sure, it’s a client writing a confidential communication regarding a transaction to a financial advisor named Jordan in NJ (google “financial advisor Jordan NJ” that for a nice surprise) who then posted said communication to a public message board (which google then archives forever).
But I’m the bad guy.
http://www.nj.com/politics/index.ssf/2014/07/christie_vetoes_gun-contol_bill_to_reduce_size_of_ammunition_magazines.html
homicide = no one charged, no one fired
http://www.firstcoastnews.com/story/news/local/orange-park/2014/05/07/restraint-chair-death-daniel-linsinbigler/8768079/
Jailers taunted a young man as he begged for his life, strapped to a restraint chair and suffocating on pepper spray. The death of the teen was officially ruled a homicide, although the state later concluded that no one should be punished.
“Sir, they killed that boy,” inmate Jarvis wrote in a letter to the Public Defender’s Office. “He was gasping and begging, stating over and over, ‘I can’t breathe. Roll back the cameras — I only wanted a pencil.’”
Remarkably, these accounts did not match the official narrative given by those running the jail. The officers involved each claimed that they heard no cries for help.
A subsequent autopsy revealed that Daniel Linsinbigler was in healthy physical shape at the time of his death. His death was ruled a homicide; the cause was asphyxiation.
“I have a death certificate that says homicide,” said his mother. “This means someone killed my son. I want to see them punished.”
But no such punishment followed. the local prosecutor declined to file charges against anyone, saying that there was no evidence of criminal intent. All officers were officially cleared of wrongdoing.
Not only that, but to date, no one has even been fired.
chi (51)-
You have a better chance of banging Beyonce than this house has of closing.
Wait until the borrowers come back and ask for the seller to finance the 2.5% down via a concession.
FHA is a trip-wired-to-implode financial garbage can, and its prospective borrowers are stooges who don’t qualify for realistic financing vehicles.
I always liked the look on borrowers’ faces when they learned that their mortgage insurance premiums are a parasite that sucks them dry for practically the entire term of the loan.
FYI, the MPI on those loans went up to an even more exorbitant rate a couple of years ago. Matters not, since the entire FHA program is the mortgage equivalent of banging a 10th Avenue tr@nny hooker bareback.
Needs me some crunk juice now…
Another lurker on this board has a job in journalism. . . .
http://www.bloombergview.com/articles/2014-07-02/goodbye-malls-of-america
Whoops…just remembered: purchasers can’t write a home sale contingency into an offer with FHA financing proposed.
And, if the contract doesn’t contain a reference to the FHA Amendatory Clause, you can count on the buyers’ agent being a total rube.
Goddamit, my new dog just bit a toad. Crap.
[will repost tomorrow]
Nope, this is a different incident involving a cop shoving a man in a wheelchair to the ground. Don’t worry, none of the other five men on scene did anything close to rebuking their colleague. Tell me why again this fat @ss pig wasn’t charged with battery?
http://www.usatoday.com/story/news/nation-now/2014/07/02/video-officer-shoves-man-in-wheelchair/12014303/