The Buyers Are Back In Town

Guess who just got back today
Them wild-eyed boys that had been away
Haven’t changed that much to say
But man, I still think them cats are crazy

They were askin’ if you were around
How you was, where you could be found
Told ’em you were livin’ downtown
Drivin’ all the old men crazy

From the Wall Street Journal:

Home Buyers to Make Comeback in Next Decade, Mortgage Bankers Say

Over the next decade, Americans will emerge from their childhood bedrooms or rental apartments and start becoming homeowners again, a new report says.

Homeownership has plunged to its lowest level in half a century. But over the next decade the country will see a surge in new household formation, with many of those families choosing to own rather than rent.

By 2024, the U.S. will create between 14 million and 16 million new households, according to the report to be released Tuesday by the Mortgage Bankers Association. Of those, as many as 13 million will be owners and as few as three million will be renters, the bankers say.

The report says that as many as 1.3 million additional owner households will be created each year. That is a significant pickup from the recession, when the number of owner households has been basically flat.

“It’s a huge amount of housing demand any which way you cut this,” said Lynn Fisher, MBA’s vice president of research and economics.

The homeownership rate rose from less than 64% in the late 1980s to more than 69% in the mid-2000s before dropping to below 64% again in 2015.

If current homeownership rates by age and race persist, the report’s authors expect the homeownership rate to grow modestly to 64.8%. If those rates of homeownership by group revert to higher long-term trends, they expect the homeownership rate to rebound to 66.5%.

This entry was posted in Demographics, Economics, Housing Recovery, National Real Estate. Bookmark the permalink.

101 Responses to The Buyers Are Back In Town

  1. Essex says:

    Trump!

  2. grim says:

    Rally on!

  3. grim says:

    Continuing the discussion on the 3/46 – I always thought it was odd that there was no exit from 3W to 46E – the only options were paying the Parkway toll and getting off at the next exit, or taking 21 extension from back in Clifton/Rutherford (driving through Clifton is not a realistic alternative). Though, 21 is it’s own traffic disaster during rush hour – brand new highway with a single lane merge, terrible bottleneck, what were they thinking? They could have easily extended the highways over the river.

    I really think Fette built that new building near the Rt 3 side of their property specifically as defensive measure against losing that portion of the property in an eminent domain suit. In fact, I can’t believe the DOT didn’t try to take it. It’s the missing puzzle piece in the most workable solution.

  4. grim says:

    They really needed to buy out most of those properties to make this thing work worth a damn. By work I mean no god damned circles, which NJians have been proven to not be capable of navigating.

  5. Libturd in the City says:

    “I always thought it was odd that there was no exit from 3W to 46E”

    You do know the Grove Street North to East Gate shortcut…correct?

  6. Libturd in the City says:

    Are they really putting a circle in there? Those are colossal traffic creators and super accident prone. I’ll have to dig out the plans.

  7. Grim says:

    Two new circles

  8. Libturd in the City says:

    OK…Just checked out the improvements for Clove Road and Notch Road. That’s a lot of construction dollars because it’s difficult for people to merge into traffic on route 46 East. Never thought it was that bad from either of those on ramps, but what do I know? If it were up to me, I’d put those rubber poles on the right side of the right lane on 46 to keep people from merging in too early to try to go to the 6 Brothers Diner. Heck, if you’ve ever eaten there, you would know to avoid it without my rubber barrier.

  9. leftwing says:

    “By 2024, the U.S. will create between 14 million and 16 million new households, according to the report to be released Tuesday by the Mortgage Bankers Association.”

    No time to do the research but how many households will disappear in that period as the 76 million baby boomers age out.

    Net new households would appear to be more relevant than gross new.

  10. Libturd in the City says:

    I still think elevating the GSP between 138 and 148 BQE style would be the ultimate traffic saver in NJ. Leave the lower roadway for those entering/exiting and make the raised portion an express. The ramps for my elevated highway would be built right after the Union tolls and right before the Bloomfield tolls. Plenty of width there. Nah…let’s spend 200 million dollars adding a light to Valley Road.

  11. anon (the good one) says:

    @realDonaldTrump:

    Jeb Bush never uses his last name on advertising, signage, materials etc. Is he ashamed of the name BUSH? A pretty sad situation. Go Jeb!

  12. Libturd in the City says:

    Do you know what’s even sadder you dunce? That Hillary can’t use her last name after cigargate.

  13. 1987 condo says:

    Latest thinking is that roundabouts, smaller and tighter than circles, are safer. Drivers pay more attention and are more cautious and thus proceed through slower and safer, but at a more constant rate.

  14. Ottoman says:

    Yeah, because the popularity of both Clintons hasn’t skyrocketed since then, dummy.

    Libturd in the City says:
    August 26, 2015 at 8:44 am
    Do you know what’s even sadder you dunce? That Hillary can’t use her last name after cigargate.

  15. Libturd in the City says:

    “Yeah, because the popularity of both Clintons hasn’t skyrocketed since then, dummy.”

    Judged by who? The readers of the New York Times and the Washington Post? Even sadder then Jeb and Hillary are the fools who don’t recognize the lack of differences between them.

  16. Wily Millenial says:

    Grove Street is a pretty effective way to get from 3 W to 46 E. Only one traffic light between the two.

    I’ve been rear ended getting off 46 by some jerk trying to speed into the U-turn on Valley, so I’ve developed a lot of feelings about it. A circle will be an unmitigated disaster, but maybe it’ll get some traffic off Valley Road as people seek alt routes to avoid the circle.

  17. Wily Millenial says:

    “elevating the GSP between 138 and 148 BQE style”

    Man, talk about kicking towns when they’re down… I say just quadruple the tolls through the perpetual Irvington bottleneck to get all the cars onto other roads. You can build the roads later.

  18. FKA 2010 Buyer says:

    Old story and it’s not surprising that state employees are abusing the system. I guess one of the stipulations for receiving Sandy Aid is that the home must be your primary residence. If it’s the only property you own, it’s a no brainer but if you own multiple properties, how do you prove it? What would be your estimation of the # of home with-in 3 blocks of the beach could truly be classified as “primary residence” ?

    Ex-N.J. employees among 5 charged with Hurricane Sandy fraud

    TRENTON — A pair of married former state employees — one who once worked as an executive assistant to Lt. Gov. Kim Guadagno, the other an ex-state treasury worker — are among the five people added Tuesday to a growing list of New Jerseyans charged with filing fraudulent applications for Hurricane Sandy relief money.

    The announcement from acting state Attorney John Hoffman brings the total number of New Jersey residents accused of Sandy-related fraud to 32 since March 2014.

    Judith Larkin, 57, Guadagno’s former assistant, and husband Peter Larkin III, 59, a supervisory investigator for the state Treasury Department employee, allegedly received $26,552 in relief funds, the attorney general’s office said.

    The Larkins are accused of making false claims that a storm-damaged home they owned in Seaside Park was their primary residence when Sandy struck in the fall of 2012, officials said. Their primary residence was actually in the Yardville section of Hamilton in Mercer County, while the Seaside Park home was a summer residence, officials said.

    http://www.nj.com/news/index.ssf/2015/06/ex-nj_employees_among_5_charged_with_hurricane_san.html

  19. Libturd in the City says:

    Montclair Department Accumulated Absences Compensated Absences
    Fire 3647 $1,213,274.28
    Police 8213 $577,453.97
    Community Services 703 $168,948.19
    Utilities 363 $92,069.73
    Manager’s Office 462 $154,708.35
    Clerk’s Office 307 $115,372.50
    Finance 174 $52,350.56
    Health 416 $110,365.65
    Recreation 156 $70,396.56
    Planning 260 $55,918.85
    Total days 14701
    Total cost $ 2,610,858.64

    Wow!

  20. Libturd in the City says:

    What percentage of those accumulated sick days do you think are legit?

  21. Libturd in the City says:

    Montclair Among Top 100 N.J. Communities for Ashley Madison Affairs

    http://patch.com/new-jersey/montclair/montclair-among-top-100-nj-communities-ashley-madison-affairs-0?utm_source=alert-breakingnews&utm_medium=email&utm_term=business&utm_campaign=alert

    Interesting how high DC scored. Than again, we already know that all politicians are scumbags.

  22. leftwing says:

    18. No one said criminals were smart…..

    33 year old makes a claim on a house he left two years prior….

    A couple operating a seasonal B&B claim it as their primary residence, even although the have actual homes in NJ and FL……

  23. Grim says:

    Clearly the sick day policy is too generous. With the improvement in healthcare and wellness, employees don’t need as many sick days.

    I though everybody in the world already eliminated the distinction between out of office days.

  24. Libturd in the City says:

    I’m just impressed that the cost for the sick day liability is less than the amount the annual debt service costs ($8 million) to pay for the towns nearly 200 million hole.

  25. Wily Millenial says:

    Cape May County man indicted for shooting down drone overlooking his property
    http://www.thesmokinggun.com/documents/crime/new-jersey-drone-shooting-case-213450

  26. Grim says:

    Use it or lose it, it’s not a god damned retirement package.

    I’d it requires more employees to be hired, so be it.

  27. FKA 2010 Buyer says:

    [21] Libturd

    There are plenty of women who live in Millburn and Maplewood who use a Newark zip code. Ask me how I know?

  28. Alex says:

    24-

    With all the revenue Montclair receives, they still managed to rack up $200 million in debt.

  29. Juice Box says:

    re: # 27 “Ask me how I know?”

    Becuase you meet up with their husbands in South Mountain Reservation ?

  30. phoenix says:

    Now were up to shooting news reporters and their photographers…. warning graphic video.

    http://news.yahoo.com/cbs-journalists-shot-killed-live-broadcast-130723506.html

  31. Libturd in the City says:

    “With all the revenue Montclair receives, they still managed to rack up $200 million in debt.”

    It used to be closer to $300,000,000. They refinanced it out to forever and the current regime is actually doing a decent job at not building unnecessary schools and senior centers. Unfortunately, they are development friendly and the quaintness of Montclair and it’s view of the city from the hill has been replaced with giant Brooklyn style apartment buildings which are literally blocking out the sun. Just wait until the 9 floor hotel opens up. Is there anything quite as ugly as the hotel on the square in Morristown?

  32. NJGator says:

    Lib 21 – Finally a “list” that Montclair scores high on.

  33. Libturd in the City says:

    Nice one Gates.

  34. Grim says:

    Payback is a bitch

  35. FKA 2010 Buyer says:

    [29] Juice

    LOL…Did you find your wife’s name on there?
    —————-
    Woman drinks an entire £120 bottle of cognac at airport security because liquids aren’t allowed in hand luggage

    A woman was stopped at Beijing Capital International Airport for trying to carry a bottle of cognac worth £120 on the plane. Faced with either having to throw the whole bottle away or drinking the contents, she opted for the latter.

    The woman, surnamed Zhao, downed the entire thing at around noon, because she didn’t want to waste the bottle of Rémy Martin XO Excellence that she had purchased at a US airport earlier on her journey.

    http://www.telegraph.co.uk/news/worldnews/asia/china/11822355/Woman-drinks-an-entire-120-bottle-of-cognac-at-airport-security-because-liquids-arent-allowed-in-hand-luggage.html

  36. Libturd in the City says:

    (35) – Hey Clot. Are you married?

  37. nwnj says:

    Hopefully that coward offs himself or the police ventilate him. Looks like a death sentence case, might as well make it swift.

  38. Ragnar says:

    Libturd, 21,
    Looks like 10,000 of Plainfield’s 50,000 residents were members.
    Looks fishy, I thought the baby mammas don’t get married in Plainfield, so they may have lied about actually being married to get in on the action.

  39. leftwing says:

    FKA, fill me in on the Millburn/Newark zip codes.

    Drones, yeah, if one were messing with my property I’d take it out. I’d be smarter than standing in plain view of it on my deck in a G tee though.

  40. Libturd in the City says:

    I would buy my own drone and equip it with a few m80s. Then I would fly it near the privacy abusing drone and accidentally blow the sh1t out of it.

  41. Juice Box says:

    re # 40 – PO box can be had anywhere, you can even have a company pick up the mail and scan it in and upload it to you, they also forward packages etc. You remain anonymous for the most part. Good way to get stuff that you do not any nosy neighbor or post man knowing about.

  42. Libturd in the City says:

    Why are there so many more desperate women in India than anywhere else? Does this have to do with the supposed myth of Indians having small members? I remember a few years back reading that condoms in India were smaller than anywhere else.

    https://cartocdn-ashbu.global.ssl.fastly.net/tecnilogica/api/v1/map/tecnilogica@19248368@134523ceb41a4cb2c42bae74006fde5b:1440312923786.13/1,2/2/1/1.png

  43. Juice Box says:

    Privacy abusing? You don’t get a deed for the airspace and there is no privacy in public. The FAA says “navigable airspace”—and thus the FAA’s authority are from the ground up, and according to the FAA drones etc can legally hover just above private property anywhere in the USA.

  44. leftwing says:

    And according to a few authoritative items in my closet a drone hovering over my ‘navigable airspace’ will be neither hovering nor in that airspace for long.

  45. Ragnar says:

    Libturd,
    Maybe it’s because Indian women don’t get to pick their husbands so much.

  46. A Home Buyer says:

    Well, they apparently got the guy they think killed those two reporters.

    Apparently shot himself as well, but no further information on if that means dead or just injured.

    http://www.cnn.com/2015/08/26/us/virginia-shooting-wdbj/index.html

  47. Libturd in the City says:

    “Maybe it’s because Indian women don’t get to pick their husbands so much.” Ahhhh…very good.

  48. Anon E. Moose says:

    Traffic circles suck. You’re looking over your left shoulder for an opening while moving to the right to enter the flow. Can fathom who thought that was a good idea.

  49. Anon E. Moose says:

    Can -> Can’t

  50. joyce says:

    44
    Peeing toms everywhere rejoice!

  51. phoenix says:

    Wait till the drones have red and blue flashing lights on them.
    Wait till your underage kid gets spotted by one opening a beer can.
    Building that deck without a permit.
    Aaahhh, the possibilities are endless………

  52. FKA 2010 Buyer says:

    [40] Leftwing

    Just go to Martinis in Millburn on a Thursday. Or girls night out in Maplewood when they have it. Very surprised but how forward and open some people get with a few drinks in them.

    [47]

    Freaking coward but at least there are no taxpayer’s money spent on a trail.

  53. 1987 Condo says:

    #49..

    http://commuting.blog.ajc.com/2015/08/25/you-might-be-wrong-about-roundabouts/

    ……Myth #3 Roundabouts are less safe for motorists than intersections with traffic lights. According to Zehngraff, “a roundabout is proven to be significantly safer.” A big reason for that is that they force motorists to slow down as they approach and they eliminate cross-traffic turns. Statistically, intersections with roundabouts have a:
    •78% reduction in injury crashes over signalized intersections
    •82% reduction in injury crashes over two-way stop controlled intersections.
    •75% reduction in conflict points over a traditional four-way intersection.
    •100% reduction in crossing conflict points over a traditional four-way intersection.

  54. 1987 Condo says:

    For better or worse they are popping up all over. Google it and find out that many states are putting them in….

  55. nwnj says:

    Yep, pretty much what I assumed would become of the shooter down to the twitter account. That site has become the cesspool of humanity, evidenced daily by the type of people who I know use it.

  56. Juice Box says:

    re # 45- You don’t even need to open your gun safe to get in trouble by messing with drones.

    Here’s what federal law (18 USC § 32) has to say:

    (a) Whoever willfully—

    (1) sets fire to, damages, destroys, disables, or wrecks any aircraft in the special aircraft jurisdiction of the United States or any civil aircraft used, operated, or employed in interstate, overseas, or foreign air commerce;

    …shall be fined under this title or imprisoned not more than twenty years or both.

    Then there is the moron who used a firearm, and these are just State charges.

    ” A grand jury in New Jersey indicted a man Tuesday on two felony charges after he was accused of shooting down a hobbyist’s drone with a shotgun as the craft hovered near his house last year.

    Russell Percenti, 33, was indicted on two charges of criminal mischief and possession of a firearm for an unlawful purpose. The latter count carries a maximum sentence of 10 years in prison. “

  57. A Home Buyer says:

    52 – phoenix

    You are far too late to be worried about government forces using drones to watch you.

    http://www.extremetech.com/extreme/146909-darpa-shows-off-1-8-gigapixel-surveillance-drone-can-spot-a-terrorist-from-20000-feet

    You need to watch the embedded video within the link to fully comprehend what that means.

  58. joyce says:

    57
    I don’t really care so I’m not trying to defend anyone… I will find the upcoming discussions/arguments interesting regarding public airspace and privacy. All that said, are hobbyists flying drones potentially invading peoples’ privacy “used…or employed in…commerce”?

  59. Essex says:

    This just in: Trump challenges Putin to Cage Match

  60. Juice Box says:

    There is plenty of Consumer Drone legislation pending in Congress, nothing out of committee yet. They won’t be preventing drones from flying over private property ever, cannot get money from the Bezos if you do that.

    https://www.govtrack.us/congress/bills/114/s1608

  61. Grim says:

    Just goes to show you, if you take down a drone you better use heavier artillery.

    Leave no trace.

  62. Grim says:

    Or just use radio jamming equipment.

    Time to dust off the EMP generator too.

    This is just about to get fun.

  63. Grim says:

    Registering the company now.

    DroneEx – when only the finest anti drone countermeasures will do*

    *for educational use only

  64. Juice Box says:

    Radio jamming equipment with get you in trouble with FCC, all kinds of laws on the books for that.

    For an EMP you would need gamma radiation output of about 50,000 volts per meter. That would have the NRC swat team and our Armed Forces out looking for you.

    How about something simple like a garden hose?

  65. leftwing says:

    dronex, love it.

  66. Grim says:

    Jesus I need to be able to market and sell something to the idiots. You can get a hose a Sears. Now, if you are talking about some kind of high pressure nozzle, maybe something you attach to an air compressor, now you are talking.

  67. A Home Buyer says:

    65 –

    The best drone defense seems to be a another drone with a circular saw attached.

    It would just need to have software to automatically target something moving so you can establish plausible deniability as it occurs.

  68. Grim says:

    By the way, when I was a wee lad we found a sack full of about 50 pounds of ball bearings. Like any self respecting kid, we filled an entire 50 foot air hose with BBs. We pushed that sucker into a tank charged at around 150 psi. It rained stainless steel for a good 2 minutes.

  69. Grim says:

    Just ram it and claim you were trying to get them to mate? A jury might buy that.

  70. 1987 Condo says:

    #67…add a “scope” to that kit…

  71. The Great Pumpkin says:

    From the opening article. Go look it up, I was saying this over and over again back in 2013/2014 that you can’t lose buying now if you hold till 2025 and sell. Stated when no one thought wage inflation was possible that it would come by 2017/2018 (was saying this back in 2012/2013 when experts and individuals thought wage inflation was never coming again). Back in 2013, I stated that real estate would not drop anymore. I stated it would slowly rise till about 2018/2019 and start to take off. By 2025 it will be 2005 all over again, which is when you sell, then wait for the crash, and buy again. Of course I get laughed at and get no respect on this board. It’s always the individual that everyone laughs at that is usually right. The crowd usually is dead wrong, but they never seem to realize it, so I just let them laugh while I laugh all the way to the bank. Remember, I’m an IDIOT, don’t listen to me.

    “Over the next decade, Americans will emerge from their childhood bedrooms or rental apartments and start becoming homeowners again, a new report says.

    Homeownership has plunged to its lowest level in half a century. But over the next decade the country will see a surge in new household formation, with many of those families choosing to own rather than rent.

    By 2024, the U.S. will create between 14 million and 16 million new households, according to the report to be released Tuesday by the Mortgage Bankers Association. Of those, as many as 13 million will be owners and as few as three million will be renters, the bankers say.”

  72. NJT says:

    Anti-drone device(s): Balloons on a rope/wire around your property.

    https://en.wikipedia.org/wiki/Barrage_balloon

  73. The Great Pumpkin says:

    This is absolutely brilliant! Great job lib!! Go run for office and make it happen or try to get someone to hear you out.

    Libturd in the City says:
    August 26, 2015 at 7:46 am
    I still think elevating the GSP between 138 and 148 BQE style would be the ultimate traffic saver in NJ. Leave the lower roadway for those entering/exiting and make the raised portion an express. The ramps for my elevated highway would be built right after the Union tolls and right before the Bloomfield tolls. Plenty of width there. Nah…let’s spend 200 million dollars adding a light to Valley Road.

  74. NJT says:

    #52

    Back in the 80s a town I lived in hired a helicopter to find decks and pools that did not have permits.

    *It’s said that a few locals took pot shots at it. Knowing some real ‘rednecks’ there, then, I don’t doubt it.

  75. The Great Pumpkin says:

    You hit the nail on the head. The locusts baby boomers will finally be passing on their wealth to the younger generations. Going to be a huge boom period. I seriously don’t think the stock market will have a major crash till at least 2028/2030. It’s all about demographics. It’s exactly what i based my real estate prediction on…..”demographics”. It’s why I predict around 2025 will be the next bubble peak.

    leftwing says:
    August 26, 2015 at 7:43 am
    “By 2024, the U.S. will create between 14 million and 16 million new households, according to the report to be released Tuesday by the Mortgage Bankers Association.”

    No time to do the research but how many households will disappear in that period as the 76 million baby boomers age out.

    Net new households would appear to be more relevant than gross new.

  76. Juice Box says:

    re # 77 – re: “seriously don’t think the stock market will have a major crash till at least 2028/2030.”

    Err haven’t about last two years worth of gains in the stock markets been wiped out in a week? 2 Trillion or so in wealth evaporated?

  77. 1987 Condo says:

    This ain’t a major “crash” till we hit 50% + down. 10% standard correction, 20% Bear market, really can’t talk any level crash until down 30%-40% (not saying that we aren’t heading there..just not yet).

  78. The Great Pumpkin says:

    A correction was needed. Without a correction, the stock market was stuck. It was not going higher. This correction will allow it to go higher, if that makes any sense to you. A lot has to do with psychology. You have to understand how the masses think and react. If you think it’s only about fundamentals and technical analysis, you will lose.

    Juice Box says:
    August 26, 2015 at 3:29 pm
    re # 77 – re: “seriously don’t think the stock market will have a major crash till at least 2028/2030.”

    Err haven’t about last two years worth of gains in the stock markets been wiped out in a week? 2 Trillion or so in wealth evaporated?

  79. joyce says:

    An article comes out predicting something you also predict… and you claim victory. You ARE an idiot.

  80. Wily Millenial says:

    The right to be a Jacksonian redneck is really dead. We got way too good at issuing fines and imprisoning people.

    If somebody had told my grandpa thirty years ago that he wouldn’t be allowed to shoot down an RC plane flying over his property, he probably would’ve shot them instead.

  81. The Great Pumpkin says:

    There will always be a crash, just not too often. We had the crash in 2008, it won’t be back till the end of the 2020’s if I am correct. I really think the economy will get very hot during the 2020’s. 2030’s will be where we are now.

    Demographics play a major role in how the economy performs. When the baby boomers were in their peak earning years, they made the economy boom by spending so much. They then came closer to retirement and stopped spending. You saw a crash and a weak recovery due to this. Once they pass on lots of money to the next giant generation (millennials), the millennials will be flush with cash from getting higher pay (taking over boomers jobs) and big sums of money passed on to them. The writing is on the wall, just pay attention to demographics.

  82. The Great Pumpkin says:

    The article is coming out now. I stated this 3 years ago. Remember, don’t listen to the idiot. I don’t want you taking my advice.

    joyce says:
    August 26, 2015 at 3:44 pm
    An article comes out predicting something you also predict… and you claim victory. You ARE an idiot.

  83. Banco Popular Trust Preferred Shares says:
  84. Juice Box says:

    re # 80 – re” The “correction” isn’t over is only getting started, this will not just blow over in a few days, it will take years and year to get back to DOW 18k.

    A butterfly flaps its wings in the rainforests of the Amazon, and this through a complex chain of forces that do not work linearly, it sets off a tsunami in Asia or tornados in the Midwest.

    The depreciation of the Chinese currency has effectively exported their deflation to the US and Europe. China is not Greece, the party is just getting started, the last week is just an augury of a deeper slowdown.

  85. The Great Pumpkin says:

    Just like Japan in the 80’s, say goodbye to China. China peaked. The only thing they had to offer was cheap labor and that party is over. America has been suffering for a long time (over 10 years) while the bric economies were doing well. Telling you, this is the beginning of a golden period for American prosperity, the writing is on the wall. Maybe I’m wrong, and we won’t see 18000 for a while, but my bet is on a quick correction and 19,000 sooner than later.

    Juice Box says:
    August 26, 2015 at 4:00 pm
    re # 80 – re” The “correction” isn’t over is only getting started, this will not just blow over in a few days, it will take years and year to get back to DOW 18k.

    A butterfly flaps its wings in the rainforests of the Amazon, and this through a complex chain of forces that do not work linearly, it sets off a tsunami in Asia or tornados in the Midwest.

    The depreciation of the Chinese currency has effectively exported their deflation to the US and Europe. China is not Greece, the party is just getting started, the last week is just an augury of a deeper slowdown.

  86. joyce says:

    Idiot.
    The Wall Street Journal is predicting something to happen over the next decade and this is what… this is your evidence of being right? Do you understand that words have meanings?

  87. The Great Pumpkin says:

    Dow ends up 620, S&P 500 out of correction as benchmarks get 4% boost.

    Said it last night, you are an idiot if you are selling right now, you should be buying all that you can afford. There is nothing terrible on the horizon for the American or European economies. They are just coming out of a hole, and you think they are going right back in?

  88. The Great Pumpkin says:

    Remember calling me an idiot for stating that wage inflation was inevitable or the economy will implode? That was my reasoning for the wage inflation call, the economy could not go on without it. As we all know, the world always keeps going or finds a way. So making a prediction that wage inflation is inevitable because the economy will implode without it, is a pretty sound prediction in my book. I made this call when no one was getting raises and everyone was scared to lose their job. Now people are getting raises and jumping jobs. 2017/2018 will def see strong wage inflation. It’s already setting up.

    Remember calling me an idiot and stating that wage inflation had not happened in 30 years? Yes, I’m the idiot.

    joyce says:
    August 26, 2015 at 4:06 pm
    Idiot.
    The Wall Street Journal is predicting something to happen over the next decade and this is what… this is your evidence of being right? Do you understand that words have meanings?

  89. Comrade Nom Deplume with jet lag says:

    [47] buyer

    Figured out why anon was silent on this one: shooter was black, gay, and left manifesto answering Roofs call for race war. Doesn’t mesh with his narrative.

  90. Essex says:

    I remember a guy in Tampa went to one of those anonymous office bldgs overlooking the Bay and offed his boss and a few coworkers after being laid off. Surprised it doesn’t happen more often. This current guy though could only last a year at a job so something tells me he was operating on half a lobe. Or something.

  91. joyce says:

    another non response … why did i expect different

  92. NJT says:

    #92 – “…and offed his boss and a few coworkers after being laid off. Surprised it doesn’t happen more often.”.

    Me too. Two gigs ago a co-worker and I were so sure it was going to happen one day we planned escape routes and picked out hiding spots. Maybe it did and was kept quiet (MAJOR insurance company) as I found another job and never heard from her again.

  93. Essex says:

    94. Definitely ranks as one of the more unpleasant realities of the dystopian era we inhabit.

  94. The Great Pumpkin says:

    They are expecting people that are currently renting to start buying in the 2020’s and so do I.

    Wage inflation will kick in towards end of this decade. This will provide the extra income to save for a down payment and to start buying by 2020. With a huge demograph jumping into the housing market at the same time, it will create a new bubble. They will have raises in the work place to go along with incoming money from their baby boomer parents. This is a recipe for a big competition in the housing market which will undoubtedly result in a big bubble that will eventually pop. The cycle never changes under capitalism.

    joyce says:
    August 26, 2015 at 6:04 pm
    another non response … why did i expect different

    joyce says:
    August 26, 2015 at 4:06 pm
    Idiot.
    The Wall Street Journal is predicting something to happen over the next decade and this is what… this is your evidence of being right? Do you understand that words have meanings?

  95. The Great Pumpkin says:

    96- how many will blow their baby boomer parents nest egg in this next bubble? I’ll def be selling to them and buying it back when they forclose for .50 cents on the dollar. It’s terrible, but this is how money is made and lost.

  96. The Great Pumpkin says:

    People like us ( participants on this blog), read so much and do so much research that it protects us from making the mistakes that others will unfortunately do. I could have been burnt during the housing bubble by taking out equity and buying another multi. I wasn’t stupid enough to lose it all, or I should say, not greedy enough to lose it all. It’s not stupidity that causes these people to lose, it’s greed. They become blinded by greed.

  97. Anon E. Moose says:

    Gourd [98];

    You make me laugh. Your “genius” consists entirely of a sweetheart family inside deal and a rising tide. Truly born on third base and think you hit a triple.

  98. Anyone got an EMP generator they need to offload?

    Want to play around with a few ideas…

  99. moose (99)-

    Simmer down. Dude prolly shit a brick on Monday.

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