From the Record:
Home prices up 3.1 percent in region, 5.6 percent nationwide
Home values rose 3.1 percent in the region in the 12 months ending in August, the S&P/Case-Shiller home price index reported Tuesday – evidence that the housing market is recovering, but at a slower pace.
Despite recent gains, single-family home values in the New York metropolitan area are still about 18 percent below the peaks they reached in mid-2006, and have returned to the levels of summer 2004. Nationally, home prices were up 5.6 percent in August, and are back to the levels of spring 2005, about 16 percent below their mid-2006 peaks.
“Despite the weaker year-over-year numbers, home prices are still showing an overall increase,” said David Blitzer, head of the index committee at Standard & Poor’s.
The housing market’s slow recovery reflects the job market’s gradual return to health. While New Jersey’s unemployment rate has dropped to 6.5 percent, the state still hasn’t come close to recovering all the jobs lost during the 2007-2009 recession.
…
Single-family home prices in Bergen County dropped 4.9 percent in August from a year earlier, to a median $470,750, according to the New Jersey Association of Realtors. The median price rose 3.3 percent, to $315,000, in Passaic County. Those price medians are affected by the mix of homes sold in a month, unlike the Case-Shiller index, which tracks the same properties over time.
S&P Case Shiller – NY Commuter Tiered Indices
(Under $282192)
Up 3.7% YOY
Up 10.3% Two Year
($282192 – $455740)
Up 3.3% YOY
Up 7.8% Two Year
(Over $455740)
Up 3.1% YOY
Up 6.5% Two Year
(Overall Market)
Up 3.1% YOY
Up 6.7% Two Year
frist
You need to inflation adjust those gains.
I heard on news today that if you had 10K in a savings account at average interest rate since 2008 inflation adjusted you have 9k. Stocks meanwhile are up 170% in same period.
When I did transfer pricing briefly, I would show gains vs gains in other investments and then inflation adjusted and then transfer price in all the costs of buying and holding the investments. Once you do that it is only then that the numbers begin to mean something.
Throwing out a number like 3.7% by itselt is meaningless and the NAR should be ashamed.
Oh yea, I also risk adjusted gaines. The old VaR stuff and RAROC it and add in FX risk. Fun stuff. .
Cdc admits ebola can be transfered up to 3ft airborne through cough sneezing etc. Let us look at the math. Sneezing, the germ can be transfered upto 30 ft away. Coughing 5 ft. My real concern is the lifespan of the virus once touch on a surface after it was airborne. I agree with the fatman on this. Aussie cancelled all visa approval coming from the 3 countries. Immigrants coming in needs to be quarantine. The US needs to do more
Buy more stocks. No more regulation says the coat check girl.
#5
Well, if one of your thinly veiled goals is to flood the country with third world garbage then how is a travel ban going to help?
[7] nwnj,
By “you” we assume you mean obama. I don’t think yome had that in mind.
Ironic that democratic states and “more evolved” nations are doing what the US left wing considers anathema by implementing travel bans and quarantines. Once again, anon, Otto and Chris Hayes are spinning in an empty room.
And if one needs to see that quarantine isn’t a new thing, one need only look out into the Hudson.
Maine governor requests Hickox self quarantine, she states publicly she will not.
Like I said, medical professionals can not be trusted to make these decisions.
JJ,
What is the average inflation adjusted rate of return of the stock market, since, say the apex in 2001?
Again, timing is everything.
Kaci Hickox Won’t Follow Maine Ebola Quarantine Rule, Lawyer Says
Kaci Hickox, the nurse who was quarantined at a New Jersey hospital despite exhibiting no Ebola symptoms after arriving from West Africa, won’t follow the quarantine imposed by Maine officials, her attorney said tonight.
“Going forward she does not intend to abide by the quarantine imposed by Maine officials because she is not a risk to others,” her attorney Steven Hyman said. “She is asymptomatic and under all the protocols cannot be deemed a medical risk of being contagious to anyone.”
http://abcnews.go.com/Health/kaci-hickox-follow-maine-ebola-quarantine-rule-lawyer/story?id=26501921
(10) Grim, what is to say your opinion on this subject carries more weight than one from a more intimately involved source?
#1 and #3
While prices went up 3.1% in this region, the cost of debt decreased 7.3% (30 year mortgage rates decreased from 4.49% to 4.16% from Sept 2013 to Sept 2014).
http://www.freddiemac.com/pmms/pmms30.htm
So all things being equal, housing underperformed. More blood needed for the housing corpse.
If rates go any lower, they are going to have to start paying folks to borrow money.
Single-family home prices in Bergen County dropped 4.9 percent in August from a year earlier, to a median $470,750, according to the New Jersey Association of Realtors.
This, despite agents openly admitting that there’s very little inventory and interest rates that are hovering around 4%. Any questions?
Perhaps finally we can put a nail in the coffin of the Doctor-as-omnipotent-God myth
Doctors are idiots too ™.
Rhode Island is essentially New Jersey without NYC and Philly suburbs…..hence the reason that they are fuct….pure brain drain and nowhere to draw people back…..NJ has a steady stream of fleeing urbanites……
The Original NJ ExPat says:
October 29, 2014 at 7:15 am
[65] America’s Top States for Business. Amusing interactive chart. I don’t get why Rhode Island is always such a fcukstick.
to add…..same Italian-style corruption…..
Anon, where are you? This deserves a snarky tweet.
http://sports.yahoo.com/blogs/mlb-big-league-stew/report–jose-canseco-accidentally-shoots-own-hand-while-cleaning-his-gun-022650786.html
I wished he was looking down the barrel at the time.
[12] gator,
Ebola Kaci. Has a nice ring to it.
Typhoid Mary refused to self quarantine too.
My SIL, who I always considered a flake, went from oddly religious and right of center to pantheist and hard left. This coincided with much upheaval in her life (divorce, job losses, economic hardship and becoming a grandmother way too early when her daughter decided to ditch an upward trajectory for trailer trash living in central PA.)
She has been polluting my feed with DailyKos propaganda. Bad as that is, her friends are worse, even worse than the Big Three here.
Up until now, I’ve only stopped following friends of that particular persuasion. I did this with her but she started sharing this crap to my timeline. So as part of my effort to live a troll free life, I defriended her on FB.
Not worried about Mrs. Deplume. She considers her sister a flake as well, and limits her exposure to her and her progeny (one of whom will do quite well and piss off her mother immeasurably)..
In an interview with Matt Lauer, Kaci Wilcox says she will defy Maine’s quarantine order and that self quarantine protocols of doctors without borders are adequate.
Excuse me if I’m not as confident in it….
http://nypost.com/2014/10/29/ebola-doctor-lied-about-his-nyc-travels-police/
The city’s first Ebola patient initially lied to authorities about his travels around the city following his return from treating disease victims in Africa, law-enforcement sources said.
Dr. Craig Spencer at first told officials that he isolated himself in his Harlem apartment — and didn’t admit he rode the subways, dined out and went bowling until cops looked at his MetroCard the sources said.
Perhaps finally we can put a nail in the coffin of the Doctor-as-omnipotent-God myth
Doctors are idiots too ™.
Anyone that would use their title or degrees to try to justify their intelligence is a moron. Most people of moderate intelligence can prove it with a few sentences of conversation.
What exactly is the “NY Metro area” It seems absolutely enormous- too large really to make any judgements about a particular area.
I ask because Long Island prices seem to be stagnant if not heading lower, while the city and Hudson County prices seem to be skyrocketing.
But I don’t think these stats are really giving a meaningful picture.
Spartan® 500 Index Fund – Fidelity Advantage Class
FUND INCEPTION 2/17/1988
1 Yr 3 Yr 5 Yr 10 Yr Life
19.68% 22.94% 15.65% 8.08% 10.18%
Take a plain old s&p fund and no matter what the time frame it blows away housing over same period with no work involved.
even if bought at peak March 2000, you have dollar cost average of dividends through two major bear markets that greatly increased returns. In housing there are no dollar cost averaging into new shares at cheaper prices.
I know this as my wifes 401k is nearly all stocks. She stopped working full time in 2000 and was sick to her stomach by March 2003 with how far her stocks has fallen but did nothing and let all dividends reinvest in more stocks, then in March 2009 she was sick to her stomach again but did nothing and let all dividends reinvest into more stocks. Today her 401k is massive. Why from 2000 to 2014 post crash every day was a buying day in stocks.
Xolepa says:
October 29, 2014 at 9:23 am
JJ,
What is the average inflation adjusted rate of return of the stock market, since, say the apex in 2001?
Again, timing is everything.
Towns like Manhasset, RVC and Garden City are still rising. Southshore Sandy damaged towns still suffering and poor crappy towns like Freeport and Roosvelt are stuffering from massive hangovers from foreclosure crisis.
If you are in a rich white town inland in Nassau county with a good train line and good school district almost impossible to find a good house and bidding wars are common. Those towns selling houses is super easy but getting a listing is very hard. Other towns like Freeport and Roosvelt or Island Park which has lots of flooding gettting a listing is real easy selling is real hard
Kevin says:
October 29, 2014 at 10:03 am
What exactly is the “NY Metro area” It seems absolutely enormous- too large really to make any judgements about a particular area.
I ask because Long Island prices seem to be stagnant if not heading lower, while the city and Hudson County prices seem to be skyrocketing.
But I don’t think these stats are really giving a meaningful picture
Comrade, this usually happens because some people “make a deal with god” when they are young. As life progresses and its insults damaged the person, these people get bitter because they thought they had a “deal” and god was supposed to look out for them.
These make the nastiest of angry, bitter atheist.
I’m a “from birth” atheist (long family tradition of critical thinkers and non-coformists) and I don’t like these type of “atheist, agnostics, etc”.
My SIL, who I always considered a flake, went from oddly religious and right of center to pantheist and hard left. This coincided with much upheaval in her life (divorce, job losses, economic hardship and becoming a grandmother way too early when her daughter decided to ditch an upward trajectory for trailer trash living in central PA.)
Kinda like saying stock prices are stagant but margin interest rates are low.
clotluva says:
October 29, 2014 at 9:29 am
#1 and #3
While prices went up 3.1% in this region, the cost of debt decreased 7.3% (30 year mortgage rates decreased from 4.49% to 4.16% from Sept 2013 to Sept 2014).
http://www.freddiemac.com/pmms/pmms30.htm
So all things being equal, housing underperformed. More blood needed for the housing corpse.
If rates go any lower, they are going to have to start paying folks to borrow money.
There are no great statistics.
Most county level stats are simple aggregate statistics (Average, Median) and as such are prone to issues around mix shift, especially in our area. What’s mix shift? Significantly more 4 bedroom houses close near September compared to near April, when there are more small condos, so each year the price goes up and down month to month.
State level statistics have the same problem. You can’t compare North Jersey, South Jersey, and the Shore – they are all distinct markets. Further complicating this are the Hudson corridor, the Philly Suburbs, the exurbs, and the pockets of extreme wealth scattered about.
Town level statistics will never be really useful, since so few properties trade hands each year to be able to make an accurate projection of overall values on anything other than a quarter, or half basis. Some towns trade so few properties that even the annual sales are hardly a statistically significant sample. I can sum up the issue of simple statistics in one easy statement: “Each month we try to value 100% of the properties on the market by assessing the value of 0.4% of the houses in that market”
The best statistics we have are the paired sales indexes, since they don’t get impacted by mix shift, but the best we’ll get is S&P Case Shiller – which looks at the NY metro market in aggregate from a population distribution and metro commutable perspective. The definition of the NY Commutable Area is as follows:
Fairfield CT, New Haven CT, Bergen NJ, Essex NJ, Hudson NJ, Hunterdon NJ, Mercer NJ, Middlesex NJ, Monmouth NJ, Morris NJ, Ocean NJ, Passaic NJ, Somerset NJ, Sussex NJ, Union NJ, Warren NJ, Bronx NY, Dutchess NY, Kings NY, Nassau NY, New York NY, Orange NY, Putnam NY, Queens NY, Richmond NY, Rockland NY, Suffolk NY, Westchester NY, Pike PA
I heard today that Dora the Explorer got Ebola from her monkey Boots.
“I heard today that Dora the Explorer got Ebola from her monkey Boots.”
Misdiagnosis. It was AIDs.
BTW…When ever Dora comes on at ho,e, we sing Dora, Dora, Dora Product whore-a!
25. JJ
My 401k has been riding that train also, but sooner or later the fat lady (or man) is going to sing and then what….
You read again and again not to try to time the market, but you have to wonder when the decline is coming and if you will still have a pulse when it finally comes back.
Speaking of a atheists. We are raising our son to develop whatever faith system he chooses, but I do not want him indoctrinated. So he considers himself a non-practicing Jew from birth (which is how I describe myself). We still get together with the family for holidays, but that’s pretty much where it ends. Personally, I enjoy the camaraderie of temple services and being part of a group, but only if it does not interfere with my life too much. One or two bar mitzvahs a year seems perfect.
Well on Monday, when driving Gator Junior and his buddy E home from hockey practice, E wouldn’t stop b1tching about having to go to Hebrew School. When he heard that Jr. didn’t attend, he truly became enraged. What’s funny is that his dad has a similar position to me, but puts up the facade to please his parents. Worst of all, he made his wife convert to Judaism to marry him.
Religion to me is awfully similar to the blind faith people have in their political parties.
Live your own lives people. Just don’t tell me what I have to do!
Phoenix…one can’t time the market perfectly. But one can keep SOME powder dry for the drops by lightening up during the rallies.
Lib,
If you ever have open enrollment in your investment club, let me know. I’d like to learn, I am a medical professional, never been to West Africa, don’t have a fever, and am willing to sign a waiver that the Gov can quarantine me…..
[27] Not Me,
I can’t say that this was her issue, but the entire family had a bit of nonconformist thinking when it came to religion. The missus’ family left the main catholic church for something called “reformed catholic”, and since I’ve known her, she has gone from that to protestant to presently religious but unaffiliated.
I just go along for the ride.
FWIW, most clerics I have conversed with don’t see critical thinking and religion as mutually exclusive. The questions of a skeptic cannot be answered by religion, and religion acknowledges this. They counter that religion is about belief and faith in that which can’t be proven by scientific method or logic. You either accept the possible or you don’t and gamble that there is or isn’t something on the other side.
Final thought: As one who has studied political theory extensively, I agree with the quote that if God didn’t exist, it would be necessary to invent him.
#31 Lib
No that was when Diego was on the down low.
#34 Lib
But you still went with the Br1s?
I had stock in ORB a load of years back. This is a pity and I had a few friends that were heading out to the Palisades to watch the launch.
http://www.huffingtonpost.com/2014/10/28/rocket-explosion-antares_n_6064572.html
[17] Chifi
“Rhode Island is essentially New Jersey without NYC and Philly suburbs”
We considered RI to be the Australia of Eastern New England. It’s where Massachusetts sent all its detrius and other undesirables. In fact, that was how RI was founded.
Phoenix,
We are always open to new members. It’s really about learning how to get by without a ChiFi. We meet the second Thursday of every month. Next meeting is 11/13/14 on the south side of Glen Ridge. Attend 3 consecutive meetings and you are pretty much in. No pressure whatsoever. We could care less if you join or not, but if you do join, you’ll have about an hours worth of homework to do per month. Let me know and I’ll shoot you the deets.
FAB,
Had the Br1s with number one. Hospital did the snip on number two. Don’t want #2 to be known as smegma boy in the locker room.
Nom,
The compartmentalization of religion has been a great benefit to the west over the last 600 or so years, reducing its influence on most decisions and thought processes. Thomas Aquinas deserves a great deal of credit for rehabilitating Aristotle and reason. There were others too, before him mostly a small group of religious people (the only people who could read) who maintained a flicker of Greek thought through the dark ages, as a counterculture within the church. A good recent book on this is “The Swerve” by Greenblatt.
Even better would be people becoming committed to using their rational faculties all of the time, and ditching the historical baggage. I don’t think religion is at all necessary, but I do think a philosophy is necessary, and religion is a primitive precursor.
My sister in the facebook era has also gone crazy with new age nonsense. She now thinks that 100 obscure foods cure cancer, but the pharma industry is covering it up, and that there are also magical sources of energy that the energy companies are covering up. She’s also joined some anti-bra movement. I just don’t comment, I let her have her delusions, just as I let the religious repeat their fairy tales to themselves.
Can I get some of that anti-bra movement propaganda sent my way please. Especially, any 4-color pieces.
Speaking of religion, how do you folks explain things like 911, Isis beheadings, etc., to your kids without having them hate religion. My son is too smart to fall for the good people/bad people line. Even this Ebola thing I can only allay his fears by explaining the raw numbers.
I don’t believe in sugar-coating things.
Two black bears in an epic fight over territory in Rockaway, NJ.
http://www.nj.com/morris/index.ssf/2014/10/watch_epic_bear_fight_captured_on_nj_street.html#incart_river
Gotta change the subject. A little something for Joyce before I head into the mine.
http://www.politico.com/magazine/story/2014/10/the-police-are-still-out-of-control-112160.html?cmpid=sf#.VFEG0vnF-So
Real life JJ……
Why Every Banker On Wall Street Suddenly Wants To Be Jefferies’ Managing Director Sage Kelly
http://www.zerohedge.com/news/2014-10-29/why-every-banker-wall-street-suddenly-wants-be-jefferies-managing-director-sage-kell
Would you judge all people by the actions of a few? Would you judge an entire religion by the actions of a few? Would you judge all religions by the misbehaved members of one particular religion?
Always give everyone you meet a fair shake…
Libturd in the City says:
October 29, 2014 at 11:16 am
Speaking of religion, how do you folks explain things like 911, Isis beheadings, etc., to your kids without having them hate religion. My son is too smart to fall for the good people/bad people line. Even this Ebola thing I can only allay his fears by explaining the raw numbers.
I don’t believe in sugar-coating things.
Is rough, but this is as good as it gets in 3 minutes
http://youtu.be/zcAaertdaQk
Speaking of religion, how do you folks explain things like 911, Isis beheadings, etc., to your kids without having them hate religion. My son is too smart to fall for the good people/bad people line. Even this Ebola thing I can only allay his fears by explaining the raw numbers.
[45] “Speaking of religion, how do you folks explain things like 911, Isis beheadings, etc., to your kids without having them hate religion. My son is too smart to fall for the good people/bad people line.”
With or without religion, life always has been and always will be a jungle.
It is difficult to recognize historic greatness when it is presented in every day life…but today’s NY Post headline is one for the ages…..right up there with HEADLESS BODY IN TOPLESS BAR……
this link is the story and the headline is
FIDDLER ON THE ROOF
http://nypost.com/2014/10/29/pervy-school-janitor-peeks-on-neighbors-plays-with-his-pickle/
It can be difficult to recognize historic greatness in the context of every day life….that said, today’s NY Post headline is one for the ages….an absolute out-of-the-box classic….right up there with HEADLESS BODY FOUND IN T0PLESS BAR….
This link is the story and the headline is FIDDLER ON THE ROOF
http://nypost.com/2014/10/29/pervy-school-janitor-peeks-on-neighbors-plays-with-his-pickle/
“Can I get some of that anti-bra movement propaganda sent my way please. Especially, any 4-color pieces.”
Interesting choice of words. Those who choose to go bra-less are all about “movement”. I don’t have the foggiest why any woman would think my preference for what they wear is “oppressive” in any way, shape or form. I guess they gotta blame somebody.
As for the religion thing, I tend to be more pragmatic about it. I think that, on the main, people are better to themselves and others if they act as if they believe in justice from the afterlife, whether they actually do or not. It self-regulates the individual, limits the desire for vengeance of perceived wrongs, and leads away from self-centered nihilism. Some religions have gotten along better than others.
I agree. The key to any investment…..timing. It really is the main factor when it comes to success in investing. This is the first thing they should teach you about investing. When analyzing investments, they observe time periods and draw conclusions. This is how the wrong conclusions are drawn and why people have different opinions on what is the best investment. You bought a home in 2000 and sold in 2005, you think real estate rules. You bought in 2006 and hate real estate. Perspective is formed on experience. Not all experience is the same.
Xolepa says:
October 29, 2014 at 9:23 am
JJ,
What is the average inflation adjusted rate of return of the stock market, since, say the apex in 2001?
Again, timing is everything.
X [];
S&P 500 closed on Jan 29, 2001 @ 1364
Currently trading @ 1981.
3.3% return. Sounds like it kept pace with inflation, unlike cash or its equivalents.
Thanks for the parenting advice all. I’ve kind of used a combination of everything you all suggested. I can’t tell you how many times that I emphasized to my son that life is what you make of it and you have to go out and get it, even when life is not fair. He also understands that hard work and education can and will result in a good life. Ignore those too and he can work on the back of a garbage truck.
Really, I’m just glad Anon and Otto didn’t chime in with one of their politically motivated solutions to child rearing.
re: # 56 – “solutions to child rearing.” . Sending them to any religious school only increases their chances of getting poked in the tuchus.
Fed Just Ended QE
But main thing you are missing is unless you win lottery you dollar cost average into stocks unlike housing. Lets say January 2001 you decide you want to invest 2k a month into stocks every month from January 2001 till today. It would be worth a lot. Must folks dont do lump sum all in and most folks in stocks did not go all in on March 10 2000 or all in on March 9, 2009. Pretty much you dollar cost average in. On other hand folks do get rich or broke in RE as it is all in on margin which magnifies gains and losses.
I only bought three times in my life real Estate, December 1991, December 1999 and May 2013, all three worked out. But I easily could have bought December 1986, December 2006 and September 2012. Ouch.
Anon E. Moose says:
October 29, 2014 at 1:17 pm
X [];
S&P 500 closed on Jan 29, 2001 @ 1364
Currently trading @ 1981.
3.3% return. Sounds like it kept pace with inflation, unlike cash or its equivalents.
This reminds me of why the Greek son did not want to leave home as he did not want to leave his Mother’s behind.
Juice Box says:
October 29, 2014 at 1:57 pm
re: # 56 – “solutions to child rearing.” . Sending them to any religious school only increases their chances of getting poked in the tuchus.
My Dad used the Otto several times in child rearing. He could not pick up the sofa bed
to hit me as it was too heavy so he grabbed the Ottoman which is just the right size for a good beating.
Libturd in the City says:
October 29, 2014 at 1:34 pm
Thanks for the parenting advice all. I’ve kind of used a combination of everything you all suggested. I can’t tell you how many times that I emphasized to my son that life is what you make of it and you have to go out and get it, even when life is not fair. He also understands that hard work and education can and will result in a good life. Ignore those too and he can work on the back of a garbage truck.
Really, I’m just glad Anon and Otto didn’t chime in with one of their politically motivated solutions to child rearing.
“Fed Just Ended QE”
They should have never started it IMO. With that said, the market must be healthier than we all thought. Initially, I would guess the market might panic, but realistically, it’s a very positive sign.
Greenspan made a speech today tooo.
“Effective demand is dead in the water” and the effort to boost it via bond buying “has not worked,” said Mr. Greenspan. Boosting asset prices, however, has been “a terrific success.”
Lib;
Is working on the back of a garbage truck any worse than $250k in debt for an unemployable cross-disciplinary masters-educated pedigree in underwater basket-weaving gender studies?
Con’t [64];
The thing about collecting garbage, or any other well-paid career; the only reason its well paid is because most people aren’t willing to do it, or aren’t willing to do what it takes to be able to do it. When Nixon talked about his time in law school, he said his best asset was his “iron ass”; i.e. he could sit in the library for hours on end to read volumes of material. There’s nothing mystic about it, its just that most people aren’t willing, or motivated, to do it.
Hey…I wasn’t knocking the garbage man. Heck, in Montclair, it’s a fantastic gig for the unskilled.
Believe me, I’ve already told him that if he chooses to pursue a career that does not require a college education (plumber/electrician/etc.), he can use his college money for a downpayment on a home.
#65…same with “client facing”….if you are presentable and will get on a plane and miss a few weekends here and there, you will be paid more….
In other news, I’ve been laid off this week. Soon to get on the dole and the Gary layoff fitness and style plan. Where do I sign up for my Bamma Phone? I have to give the corporate iPhone back.
You were laid off? When were you going to tell me. :P
First read this.
“Why Americans Can’t Afford to Live in Liberal Cities”
http://finance.yahoo.com/news/why-americans-cant-afford-live-120000051.html
Then read this…
“Montclair To Vote On Mandatory Sick Leave Ordinance”
http://baristanet.com/2014/10/montclair-vote-mandatory-sick-leave-ordinance/
Then think about 90% of the elitist krap posted by Otto and Anon.
I think Maine doesn’t want her either.
https://www.facebook.com/MainersagainstKaciHickox?fref=nf
I think she should move in with Otto.
Are they raiding interest rates any time soon?
“Fed Just Ended QE”
They should have never started it IMO. With that said, the market must be healthier than we all thought. Initially, I would guess the market might panic, but realistically, it’s a very positive sign.
Why would a person travel to Africa to treat people with a deadly disease, only to return and make more cases than she cured. Primum, non nocere; First, do no harm.
I think (hope) her damage is done — and all self-inflicted. Exactly what medical institution is going to take a flyer and employ her after this? What other protocols does she believe do not apply to her?
68. As a proud conservative I would assume that your bootstraps are firmly in place.
Gator,
Maybe the local community college offers an associates degree in pole dancing?
Seriously, I hope you find work you like, and in a field outside pole dancing.
I’ll give you a pole to dance on Rags. :P
Anyone have a source for time series data that shows how active investors are in various U.S. housing markets? Specifically, if I wanted to see what percentage of home purchases were made by investors in San Francisco and how that changed over time, is there a source for this? I’m also interested in seeing the same data for home sellers. It would be interesting to get a handle on investor sentiment in different markets.
@chrislhayes:
Wondering if Kaci Hickox will go trick or treating in Maine this Halloween as herself.
@SenSanders:
Corporations don’t create jobs. Customers do. – @RBReich http://t.co/dPF6mfuzzX
Old story… But just came across it today in some bs ad. Thought it was worth sharing.
http://abcnews.go.com/Business/florida-teen-willow-tufano-buys-home/story?id=17490510
This was the ad. I applaud her. Fast eddie can learn a thing or two from her.
“A girl named Willow [Florida Teen Buys Second Home] is now an inspiration to real estate investors all over the country. In January 2012, at the tender age of 14, she purchased her first property, a short sale in Port Charlotte, FL, for only $12,000.
Willow’s Realtor mother, Shannon, took title to the property (since Willow is a minor) and split the cost to purchase the property and the renovations. Once the rehab work was complete, they rented it out. In October 2012, they purchased a second property together for $17,500 with the same funding arrangement.
Where did Willow get the money and why did she want to get into real estate investing?
14 year-old real estate investor
Willow’s goal is to own 10 houses free and clear by her 18th birthday.
It began when she noticed someone giving away some furniture on the side of the road. She offered to sell it and split the proceeds, but the owner told her she could keep whatever she made.
That started an entrepreneurial venture that included her claiming free stuff on Craigslist, in abandoned homes, on the side of the road–even leftover yard sale items. She then sold those items at her own yard sales or on Craigslist.
She began to rack up the money, not saving up for anything in particular, just putting it in the bank.
Her mother is a real estate agent, so Willow was used to being around real estate, but she was bored by it. Then she watched her mom buy a run-down property, rehab it, and sell it for a profit.
A light went off inside Willow’s head, and she wanted in on the next deal. In January 2012, Willow poured the profits from her “free junk” flipping business into her first real estate deal.
Now at age 15, Willow Tufano has done more real estate deals than many of the people reading this article. If that’s you, I’m sure that comment didn’t feel very good. But it’s true, and if you want to be a real estate investor but haven’t done your first deal yet, perhaps you will take some lessons from Willow…
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Lesson #1 – Get a Mentor
Willow’s mentor is her mom, Shannon. No man or woman is an island. Everyone has mentors. Get one.
Lesson #2 – Do Deals You Can Handle
You may not live in an area where you can buy a $12,000 house like Willow, but when you use the right paperwork and you structure the deals correctly, you don’t need large amounts of money (or any money at all, in some cases) to acquire real estate. But don’t go after deals you can’t afford or handle.
For example, bank-owned properties listed on the MLS with an agent often require significant cash, credit, or both. If you don’t have cash, good credit, or the ability to qualify for an investor bank loan, don’t go after foreclosures. Go after “For Sale By Owners” and structure creative financing terms. Do deals that you can handle.
Lesson #3 – Just Do It
Legally, Willow can’t own real estate until she is age 18. But that didn’t stop her. She overcame that obstacle and became a real estate investor anyway. What’s holding you back? Time? Money? Fear? Whatever it is, you can overcome it.
You may be thinking, well that’s easy for Willow because she has no responsibilities, no kids, no job, no alimony, no child support. Think about it. She was 14. You have far more advantages in getting started than she does. When I was first getting started, I went homeless. No matter where you are, you don’t have an excuse. You can do it. Just do it.
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Although Willow has invested most of her money into real estate, she still allocates a few bucks to treating herself to some toys. She purchased an Xbox for $200 and later traded it up for a brand new $1,200 stand-up paddle board.
When asked if her friends ask her how she makes her money or how to invest in real estate, she quickly responds, “None of my friends have ever asked me that. Some people want me to buy them things, but none of them ask to learn how to make their own money.”
Unfortunately, I’ve found the same thing to be true in my life.
What are Willow’s future plans? Her goal is to own 10 houses free and clear by her 18th birthday. Then, she wants to trade up to some commercial real estate like she learned playing Monopoly, 4 green houses for 1 red hotel. As far as a career, Willow says, “I’m going to keep investing. Hopefully that will be the only thing I have to do to have a good income.”
Fortunately, I’ve found in my life that you can make all the money you’ll ever need investing in real estate.
If you have kids, or grandkids, or nieces and nephews, make sure you forward this article to them. Share this with your social networks. Entrepreneurship is one of the reasons why this country is so great. Spread the message.
You’ve read my thoughts on the matter. What are your thoughts on this story?”
Read more: http://www.creonline.com/blog/14-year-old-real-estate-investor-today-some-houses-tomorrow/#ixzz3HZvYvuS2
A girl named Willow [Florida Teen Buys Second Home] is now an inspiration to real estate investors all over the country. In January 2012, at the tender age of 14, she purchased her first property, a short sale in Port Charlotte, FL, for only $12,000.
Willow’s Realtor mother, Shannon, took title to the property (since Willow is a minor) and split the cost to purchase the property and the renovations. Once the rehab work was complete, they rented it out. In October 2012, they purchased a second property together for $17,500 with the same funding arrangement.
Where did Willow get the money and why did she want to get into real estate investing?
14 year-old real estate investor
Willow’s goal is to own 10 houses free and clear by her 18th birthday.
It began when she noticed someone giving away some furniture on the side of the road. She offered to sell it and split the proceeds, but the owner told her she could keep whatever she made.
That started an entrepreneurial venture that included her claiming free stuff on Craigslist, in abandoned homes, on the side of the road–even leftover yard sale items. She then sold those items at her own yard sales or on Craigslist.
She began to rack up the money, not saving up for anything in particular, just putting it in the bank.
Her mother is a real estate agent, so Willow was used to being around real estate, but she was bored by it. Then she watched her mom buy a run-down property, rehab it, and sell it for a profit.
A light went off inside Willow’s head, and she wanted in on the next deal. In January 2012, Willow poured the profits from her “free junk” flipping business into her first real estate deal.
Now at age 15, Willow Tufano has done more real estate deals than many of the people reading this article. If that’s you, I’m sure that comment didn’t feel very good. But it’s true, and if you want to be a real estate investor but haven’t done your first deal yet, perhaps you will take some lessons from Willow…
Read more: http://www.creonline.com/blog/14-year-old-real-estate-investor-today-some-houses-tomorrow/#ixzz3HZwGhOvz
Although Willow has invested most of her money into real estate, she still allocates a few bucks to treating herself to some toys. She purchased an Xbox for $200 and later traded it up for a brand new $1,200 stand-up paddle board.
When asked if her friends ask her how she makes her money or how to invest in real estate, she quickly responds, “None of my friends have ever asked me that. Some people want me to buy them things, but none of them ask to learn how to make their own money.”
Unfortunately, I’ve found the same thing to be true in my life.
What are Willow’s future plans? Her goal is to own 10 houses free and clear by her 18th birthday. Then, she wants to trade up to some commercial real estate like she learned playing Monopoly, 4 green houses for 1 red hotel. As far as a career, Willow says, “I’m going to keep investing. Hopefully that will be the only thing I have to do to have a good income.”
Fortunately, I’ve found in my life that you can make all the money you’ll ever need investing in real estate.
If you have kids, or grandkids, or nieces and nephews, make sure you forward this article to them. Share this with your social networks. Entrepreneurship is one of the reasons why this country is so great. Spread the message.
You’ve read my thoughts on the matter. What are your thoughts on this story?
Read more: http://www.creonline.com/blog/14-year-old-real-estate-investor-today-some-houses-tomorrow/#ixzz3HZwRWG8S
That was the ad. Pretty interesting. I applaud her. Fast eddie can learn a thing or two from this little girl.
Totally agree. ESP about the part about re purchases being magnified due to the margin. Spot on.
jj says:
October 29, 2014 at 2:10 pm
But main thing you are missing is unless you win lottery you dollar cost average into stocks unlike housing. Lets say January 2001 you decide you want to invest 2k a month into stocks every month from January 2001 till today. It would be worth a lot. Must folks dont do lump sum all in and most folks in stocks did not go all in on March 10 2000 or all in on March 9, 2009. Pretty much you dollar cost average in. On other hand folks do get rich or broke in RE as it is all in on margin which magnifies gains and losses.
I only bought three times in my life real Estate, December 1991, December 1999 and May 2013, all three worked out. But I easily could have bought December 1986, December 2006 and September 2012. Ouch.
I believe someone here once asked why more companies didn’t do things for employees with respect to wellness. This is why:
http://www.cnbc.com/id/102134044
Talk about tone deaf
http://www.cnbc.com/id/102133556
85
“According to the lawsuit, employees and spouses are screened for blood pressure, cholesterol, blood-sugar levels, waist circumference and nicotine. ”
WAIST CIRCUMFERENCE
hahahahaha
85
“Such [Wellness] programs are also encouraged under President Barack Obama’s healthcare law, the Affordable Care Act (ACA).”
when they’re implemented, it leads to
“Honeywell wants its employees to be well informed about their health status not only because it promotes their wellbeing, but also because we don’t believe it’s fair to the employees who do work to lead healthier lifestyles to subsidize the healthcare premiums for those who do not,” the company said in a statement.
who da thunk it
86
re: Ebola & quarantines
The Federal govt., whether one likes it or not, has a specific enumerated power with respect to immigration.
That said, if there ever is a large ‘outbreak’ of ebola… are we just going to snatch people up who sneeze or show signs of a fever?
Re: #89 – ” large outbreak”.Apparently only 11 hospitals in the USA have the proper facilities, like a tent in a Newark parking lot for example? The military would have to take over, if you are symptomatic well then good luck dodging bullets.
Re: wellness. Not too far fetched to take a DNA sample and screen further. You can find out today for a few grand what your chances are to make it to 80 years old.
Tone deaf? There is an election to win.
Putting aside the privacy issues, wellness plans have long been attacked as incompatible with group health plan requirements under ERISA and now Obamacare. Indeed, the company’s statement about unfairness misses the point about the healthy subsidizing the unhealthy: it’s supposed to work that way.
What is tonight called? Mischief Night where I grew up, central PA called it Goosie Night.
Anon, I’ll expect a snarky remark, calling for justice for the shooting victims and prosecution of the shooter.
http://abc13.com/news/burglary-suspects-may-suffer-lifelong-injuries-after-shooting/371805/
Or will I be hearing only crickets?