From CNBC:
Pending home sales down 2.3% in September
Signed contracts to buy existing homes dropped 2.3 percent in September from August and were just 3 percent higher than one year ago, according to the National Association of Realtors.
The August read of the Realtors’ Pending Home Sales Index was revised down slightly. Analysts had expected a slight gain for the month. This is the second-straight monthly drop and is the second-lowest reading of the year. Pending sales are a forward-looking indicator of closed sales for the next two months.
“There continues to be a dearth of available listings in the lower end of the market for first-time buyers, and Realtors in many areas are reporting stronger competition than what’s normal this time of year because of stubbornly-low inventory conditions,” Realtors’ chief economist Lawrence Yun said in a statement. “Additionally, the rockiness in the financial markets at the end of the summer and signs of a slowing U.S. economy may be causing some prospective buyers to take a wait-and-see approach.”
Sales dropped across the nation, with the weakest reading in the Northeast. Sales there fell 4.0 percent in September from August. In the Midwest, pending home sales declined 2.5 percent and were 2.6 percent lower in the South. The West was nearly flat, with sales down just 0.2.
Good Morning New Jersey
From the Record:
Single-family builders hold back as home construction rises in N.J.
Homebuilding in New Jersey is running at the fastest pace since before the recession — but all the increased activity is in apartment construction, as single-family builders sit on the sidelines.
Through the third quarter, New Jersey builders got approvals for 22,861 new residential units statewide, up 5 percent from the same period in 2014, the U.S. Census Bureau said. But single-family building permits, at a total of 7,700, were down 7.6 percent from last year.
Single-family builders are holding back because they don’t want to build homes that won’t sell quickly, according to Patrick O’Keefe, an economist with CohnReznick in New York and Roseland.
“They are not going to get ahead of where they think the market in the immediate future is going to be,” he said.
Because new single-family homes in New Jersey tend to be costly, they’re aimed at the trade-up market, O’Keefe said. But those households are reluctant to sell their homes, because property values in New Jersey are still down 16 percent from their peaks.
“They just don’t want to accept what they think the offers will be,” O’Keefe said.
At the same time, multi-family construction is up as builders rush to meet the demand for apartments, especially in Hudson and Bergen counties. More young households are renting because they can’t qualify for mortgages under tightened lending standards and because they are wary of buying after watching home values plunge during the housing crash. In addition, many young households have large amounts of student debt, and want the flexibility of renting in case they want to move for a job.
And banks are more willing to finance rentals than for-sale homes, according to builder Joseph Langan of River Drive Construction in Elmwood Park.
“Banks are all convinced that if you build it, they will rent,” Langan said.
…
O’Keefe is forecasting that builders will take out more than 30,000 home permits in the state for all of this year. That’s a big improvement from the depths of the housing crash, when an average of 13,000 permits per year were taken out for three years in a row. But the current pace is still lower than the long-term average of about 37,000 units in the state each year. Building permits are considered the best measure of home construction on a statewide basis because the Census does not track housing starts by state.
From yesterday
This were added later by tenure Presidents with the vote of congress
File and suspend was during the Clinton years
Spousal benfit is by Nixon. Letting spouse that never work collect half of working spouse benefit
SS Do over .Reagan? It lets you pay back all benefits with no interest and start over at the higher benefit. This was rolled back by congress to up to 1 year
3 phoenix1 says:
October 30, 2015 at 12:08 am
3. Grim,
What have I been saying all along……
So basically, retiring boomers are rolled out the red carpet to access the loophole. Not only that, but they’ve now made it perfectly clear to everyone that it’s a glaring loophole to be abused.
And the rest of us get screwed.
Nice.
Please, rename them to the locust generation.
Don’t know much about Randolph real estate, but why is it so much cheaper than the surrounding areas?
http://www.nj.com/realestate-news/2015/10/sold_randolph_home_goes_for_73.html#incart_gallery
Gamble, but maybe smart move to purchase in one of the towns this line will go through?
“The first phase would run from Hawthorne to Hackensack and from Hackensack to Hudson County, linking up with NJ Transit’s Hudson-Bergen Light rail line at Tonnelle Avenue, Rich said.”
http://www.nj.com/traffic/index.ssf/2015/10/rail_coalition_to_revive_three_county_light_rail_p.html#incart_river_home
I talk to some of these types…..they don’t care…..in fact a lot of them are bitter about it….complete lack of appreciation….annoyed they have to work past late 50’s……one guy inherited several hundred thousand dollars and a condo early this year…..has already spent out the money and will soon sell the condo…..gone in 10 months…..I really thought it was going to last him 8-10 years…..what do I know…
phoenix1 says:
October 30, 2015 at 12:08 am
3. Grim,
What have I been saying all along……
So basically, retiring boomers are rolled out the red carpet to access the loophole. Not only that, but they’ve now made it perfectly clear to everyone that it’s a glaring loophole to be abused.
And the rest of us get screwed.
Nice.
Please, rename them to the locust generation.
The irony here is that the millennials are getting the short shrift with their own miscategorization while the boomers and “greatest generation” are busy throwing themselves parades.
http://theflama.com/if-dominicans-created-uber
“Don’t know much about Randolph real estate, but why is it so much cheaper than the surrounding areas?”
Cheaper than Dover, Mine Hill, and Victory Gardens? all of which it touches. Or are you comparing it to Mendham and Chester and their estate homes and other multi million dollar properties. Randolph has no downtown, no train and tons of uninspired development homes. the exception being the section of town with Mendham mailing addresses.
It’s in a nice part of town, among other newer homes, and close to 10.
The price reflects the fact that it needs extensive updates, most of it doesn’t appear to be touched since the early 90s, and it completely out of style.
Ignore the HDR photography for a minute, and you’ll see the tilework and baths all need gutting. The cabinetry and counters are trash. The massive jacuzzi throne will cost more to demolition than it’s worth.
The kitchen is decent, which is probably it’s biggest redeeming factor, if it hadn’t been redone, the house might have sold for $50k less.
The price isn’t bad, I know those homes and they are halfway decent.
The library with spiral staircase, while looking impressive, adds absolutely zero to the home value, most parents with kids would see that as a total liability and an accident waiting to happen.
I’d put money on the previous owner being a contractor or being in the trades, probably finish carpenter. The doors, trim work, etc are all nice. Clearly not a plumber, because of the baths.
Either way, he dumped a ton of money into fancy finishing touches that don’t necessarily trade for much. Fireplace in the bathroom? Worthless.
It wasn’t a bad deal, I wouldn’t call it cheap though. Finding 4500 square feet for that price isn’t a challenge.
That house looks pretty reasonably priced.
Love Mendham, used to live there, but it has no real downtown to speak either. There’s the church, Black Horse, a brick pizzeria, and a bazillion realtor offices. Not like people congregate down there. No train either.
Don’t know much about the Randolph school district but if it is half respectable that’s a nice price and about 15 minutes away from either Mendham center or M’town. If you don’t mind being more than 5 minutes away from conveniences worth a look.
And btw definitely a contractor. Only someone in the trade would run the foyer tile around the outside of the family room/den as a border and think it attractive…..
Thanks for the insight guys. Makes sense now.
What else is left in the Fed’s bag of tricks to influence inflation? Some analyst are becoming more cautious because we have been experiencing a historically long bull run
The Great Negative Rates Experiment
Denmark’s key bank rate dipped below zero in 2012 and is at minus 0.75 percent. Economists recently surveyed by Bloomberg see negative rates in that country continuing at least into 2017. Switzerland has kept the rate at minus 0.75 percent since early this year, and Sweden’s is minus 0.35 percent. These countries have a different monetary goal from that of the Fed. Denmark and Switzerland have been working to remove incentives for foreigners to deposit money in their banks. Massive foreign inflows would drive their currencies to appreciate so much they would become seriously misaligned with the euro, the currency of their main trading partners. Sweden has been attempting to create inflation.
In all three countries, banks were reluctant to pass negative rates on to their domestic customers. In Denmark deposit rates have fallen, and some banks have raised fees for their services, but “real rates for real people were actually never negative,” says Jesper Rangvid, a professor of finance at the Copenhagen Business School. The same is true for Sweden, according to a paper by the Riksbank, the central bank. In Switzerland, one bank, the Alternative Bank Schweiz, will impose an interest charge on retail deposits starting in January.
http://www.bloomberg.com/news/articles/2015-10-22/the-great-negative-rates-experiment
can’t get blood from a stone
Debt collectors now can robocall to collect student loans
http://money.cnn.com/2015/10/30/technology/robocall-debt-collection/index.html?iid=hp-stack-dom
Cali, Washington, and NC are en fuego…
29 of the hottest housing markets share this one problem
This month, 29 CBSAs made the hottest markets list with a perfect score, according to Pro Teck Valuation Services’ Home Value Forecast October update.
The list is generated by a number of leading real estate market indicators including: sales/listing activity and prices, months of remaining inventory, days on market, sold-to-list price ratio, foreclosure percentage and REO activity. From here, Pro Teck decided to look at the status of each of the hottest market’s inventory levels.
What Pro Teck discovered was that all of them have less than four months of remaining inventory, indicative of a seller’s market.
And the problem doesn’t look like it will change anytime soon, given that all 29 have seen double-digit percent decreases in active listings.
1. Anaheim-Santa Ana-Irvine, California – 3.83
2. Bellingham, Washington – 2.50
3. Boise City, Idaho – 2.63
4. Charlotte-Concord-Gastonia, North Carolina-South Carolina – 3.96
5. Chico, California- 3.72
6. Durham-Chapel Hill, North Carolina – 3.89
7. Grand Rapids-Wyoming, Michigan- 3.51
8. Lafayette-West Lafayette, Indiana – 3.61
9. Los Angeles-Long Beach-Glendale, California – 3.78
10. Medford, Oregon – 3.68
11. Modesto, California – 2.52
12. Mount Vernon-Anacortes, Washington – 2.83
13. Oak Harbor, Washington – 2.80
14. Olympia-Tumwater, Washington – 2.78
15. Oxnard-Thousand Oaks-Ventura, California – 3.66
16. Phoenix-Mesa-Scottsdale, Arizona – 3.39
17. Portland-Vancouver-Hillsboro, Oregon-Washington – 2.41
18. Punta Gorda, FL – 3.93
19. Raleigh, North Carolina – 3.27
20. Sacramento–Roseville–Arden-Arcade, California – 2.21
21. Salinas, California – 3.66
22. Salt Lake City, Utah – 3.45
23. San Antonio-New Braunfels, Texas – 3.04
24. San Diego-Carlsbad, California – 2.22
25. San Jose-Sunnyvale-Santa Clara, California – 1.84
26. Seattle-Bellevue-Everett, Washington – 1.86
27. Stockton-Lodi, California – 2.54
28. Vallejo-Fairfield, California – 2.37
29. Wichita, Kansas – 3.16
<IDon’t know much about Randolph real estate, but why is it so much cheaper than the surrounding areas?
Because it’s not a town that matters.
By any means necessary
Ex-Met Lenny Dykstra says he spent $500,000 on private investigators to blackmail umpires for smaller strike zone
The former Mets and Phillies center fielder told Fox’s Colin Cowherd on “The Herd” Tuesday that, for $500,000, he hired private investigators to follow umpires to gather dirt on them. Dykstra then used the information to make sure he received favorable calls at the plate.
“Their blood’s just as red as ours,” said Dykstra, who spent 12 years in the majors. “Some of them like women, some of them like men, some of them gamble, some of them do whatever.”
He added that he hired the investigators just before his four-year contract extension with the Phillies in 1993, which — at the time — made Dykstra the highest-paid leadoff hitter in baseball history.
“It wasn’t a coincidence, you think, that I led the league in walks the next few years, was it?” Dykstra said.
What’s going on with the marble
photographerp0rnographer pits on either side of the tub?16. Joyce,
When you get a student loan, they attach a mini IRS agent to your ankle with high strength steel and grade 9 bolts.
One of the few loans that they will sell your body parts to get their money back.
One of the loans with high interest rates and onerous terms.
Then you have the colleges that have you take fluff courses, or limit credits they accept from other colleges in order to “service the customer.”
https://www.youtube.com/watch?v=HbXsupmufBQ
can’t get blood from a stone
Debt collectors now can robocall to collect student loans
http://money.cnn.com/2015/10/30/technology/robocall-debt-collection/index.html?iid=hp-stack-dom
18 Eddie,
I am familiar with the area. Town is nice. No downtown at all. One part of town borders Dover. Where the house is located matters. Large apartment complex on Dover side of town. People who can afford Mendham or Chester would not be attracted to Randolph.
Garbage pickup included in taxes, very good recycle center (used to be better but they closed now on some days).
No train, limited bus service. No Shop Rite, only Acme- Shop Rite need to go to Dover or Succasunna.
Wasn’t there a regular poster who lives in Randolph? Painh-something?
That bathroom is a complete waste of space
Town over from mine the AP Fresh just posted a three day close to convert to Acme.
Are they that bad?
Why is everyone so concerned about a downtown? Must be a NE NJ thing.
NIMBY. Let some other town have them. I’m fine where I am. A couple miles near the closest gas station and I’m good.
My daughter was trying to explain to my eldest, who now lives outside Boston: Yes, everything is there, close by, but it takes you just as long to get somewhere as it does for me back home. We have no traffic.
A&P and Pathmark are owned by the same Company in BK. Closing the stores
If you can walk there, or public transit (for the areas that run their systems decently), traffic doesn’t matter.
xolepa says:
October 30, 2015 at 11:35 am
Why is everyone so concerned about a downtown? Must be a NE NJ thing.
NIMBY. Let some other town have them. I’m fine where I am. A couple miles near the closest gas station and I’m good.
My daughter was trying to explain to my eldest, who now lives outside Boston: Yes, everything is there, close by, but it takes you just as long to get somewhere as it does for me back home. We have no traffic.
If I can walk there, I’m too close to where I don’t want to be.
Do you like to socialize with any non-family members?
I knew someone that worked for the parent company of A&P. He would find cases where the vendors were overcharging by tens of thousands of dollars and get them refunded. He was the only one who ever spotted this stuff. It would add up to about 6 or 7 million a year in refunds. They refused to give him a raise so he applied for a job elsewhere in a similar company. The boss freaks out and was like “you have to show me what you do”. In the meantime, the smart execs get word and have him escorted out of the building right away. Over the course of the 10 years since then, I bet they cost the company at least 50 million (adding up all those missed refunds) for the opportunity to act like you still had the upper hand on the guy’s last day of work.
When a modest raise gets in the way of the companies books being better by millions of dollars, you have to question as to how the company lasted this long to begin with.
Some people are extroverts some introverts… to each their own.
When you get a student loan, they attach a mini IRS agent to your ankle with high strength steel and grade 9 bolts.
One of the few loans that they will sell your body parts to get their money back.
One of the loans with high interest rates and onerous terms.
Then you have the colleges that have you take fluff courses, or limit credits they accept from other colleges in order to “service the customer.”
True story. I know someone who’s loans got reduced by 10k because somewhere, someone pressed the wrong button. He never said anything and they never caught it.
#31 – “When a modest raise gets in the way of the companies books being better by millions of dollars, you have to question as to how the company lasted this long to begin with.”
Seen it (and experienced it once personally) too many times. Especially I.T. consulting firms.
Witnessed one company walk away from a multi-million dollar contract because they couldn’t get a 100% markup re: Employee wages.
*Back when I was doing web stuff some agencies balked at my hourly rate. Said they couldn’t make enough margin. I guess anything less than a 100% markup is no good (had inside contacts at a few companies).
I’ve also seen consultants let go because they asked for a raise – Usually pissed off the client as they would then get a new guy that required ramp up time. Often, the account was lost.
Stupid greed.
BTW – A good friend of mine works at A&P. She got a similar position at ACME a few miles away (‘A’ contract union employee). Noone wants to buy the A&P here…death sentence to that strip mall. Heh, the pizza guy already has his place up for sale. Glad it’s not in my town.
Video appears to show Baltimore police officer spitting on handcuffed man
http://www.wbaltv.com/news/baltimore-police-investigate-video-that-shows-officer-spitting-on-suspect/35816898
Walking to my next door neighbor is fine. Good scotch. A chat. That’s all one needs.
According to your definition:
Extroverted=City Slicker, living in rat cages
Introverted=Out in the countryside, able to keep my shades up and not worry about peepers, waving to the sheep farmer, stopping by the buffalo farm, picking up fresh brown eggs from the farmer cross-town, picking apples straight from the trees, splitting firewood with an axe, working from home in a professional IT job
my definitions?
A lot of people don’t live in a city rat cage nor near any buffalo farms.
Ask me how I know.
Hey, that’s my line!
Whah!!!!
Great examples of how inefficient the private sector is, but you never hear about it in newspapers because it’s not public information. Only way you hear about it is from the horse’s mouth, someone that works there. If the public sector pulled these moves, there would be blood. When the private sector does it, no one even knows about it.
NJT says:
October 30, 2015 at 12:12 pm
#31 – “When a modest raise gets in the way of the companies books being better by millions of dollars, you have to question as to how the company lasted this long to begin with.”
Seen it (and experienced it once personally) too many times. Especially I.T. consulting firms.
Witnessed one company walk away from a multi-million dollar contract because they couldn’t get a 100% markup re: Employee wages.
*Back when I was doing web stuff some agencies balked at my hourly rate. Said they couldn’t make enough margin. I guess anything less than a 100% markup is no good (had inside contacts at a few companies).
I’ve also seen consultants let go because they asked for a raise – Usually pissed off the client as they would then get a new guy that required ramp up time. Often, the account was lost.
Stupid greed.
BTW – A good friend of mine works at A&P. She got a similar position at ACME a few miles away (‘A’ contract union employee). Noone wants to buy the A&P here…death sentence to that strip mall. Heh, the pizza guy already has his place up for sale. Glad it’s not in my town.
Wholesome Family Movie for the Holidays (clot Edition):
https://www.youtube.com/watch?v=hisSd7qyY40
40- Think of how many jobs were lost because this management at A&P was a joke. Human nature is all that matters, not whether it’s public or private. Good people do good things, bad people do bad things. This is why you want good people in leadership roles, too bad the bad people always cheat and connive their way to the top, leaving the good guy with no chance in hell to get the job. Give me Bernie, not these con-artists who could care less about the people of America.
40 Pumps
Public vs private = Democrat vs Republican.
Thieves, liars, cheaters, lazy, inefficient, nepotism, etc.
All of the same things happen on both sides of the fence.
I see it in public, I see it in private.
There are no unicorns, rainbows or kittens.
There are only those with ethics and morals and those without…..
Were the debates that bad? If you can’t handle tough questions in a simple debate how are you going to have talks with Putin or Rouhani? If only they were aggressive in Congress maybe they would accomplish something.
Letter from RNC Chairman Reince Priebus to NBC News
Iwrite to inform you that pending further discussion between the Republican National Committee (RNC) and our presidential campaigns, we are suspending the partnership with NBC News for the Republican primary debate at the University of Houston on February 26, 2016. The RNC’s sole role in the primary debate process is to ensure that our candidates are given a full and fair opportunity to lay out their vision for America’s future. We simply cannot continue with NBC without full consultation with our campaigns.
https://gop.com/nbc-letter/
@seanmdav: Watch Obama straight-up promise that he would not put boots on the ground in Syria https://t.co/VKUsjoMYz6
A&P, what a chuckle.
My mother worked for them back in the 50’s. She said it was a joke, then.
Fast forward 50 years. An IT co-worker gave up his good position in our company to go a step up the ladder, joining A&P, about 10 years ago. I just kept shaking my head and kept my mouth shut as he was merrily cleaning out his desk. Maybe I didn’t care for him that much, a touch of arrogance he had.
9 months later, A&P laid him off.
That’s the bottom line. Life is always a battle between the good and the bad. Unfortunately, the bad guys win for the sole reason they are bad, no morals or ethics.
phoenix1 says:
October 30, 2015 at 1:25 pm
40 Pumps
Public vs private = Democrat vs Republican.
Thieves, liars, cheaters, lazy, inefficient, nepotism, etc.
All of the same things happen on both sides of the fence.
I see it in public, I see it in private.
There are no unicorns, rainbows or kittens.
There are only those with ethics and morals and those without…..
47 – I thought the good guys can win if we give them firearms?
47- That’s why I laugh at people like rags that thing the private can do it better than the public. It’s really comical to have this belief that human beings will be better people just because they work in the private field as opposed to public. There is no difference, you are either good or bad, there is no middle ground.
47. US Justice system–
Bad Blue collar – jail time
Bad White collar, pittance fine, business as usual….
These guys are the biggest babies in the world. Running for president and crying about tough questions. I heard all I need to know that I do not want one of these babies running the country. It’s insane to take a position that they are asking tough questions in a debate so I won’t participate. Big babies.
FKA 2010 Buyer says:
October 30, 2015 at 1:25 pm
Were the debates that bad? If you can’t handle tough questions in a simple debate how are you going to have talks with Putin or Rouhani? If only they were aggressive in Congress maybe they would accomplish something.
Letter from RNC Chairman Reince Priebus to NBC News
Iwrite to inform you that pending further discussion between the Republican National Committee (RNC) and our presidential campaigns, we are suspending the partnership with NBC News for the Republican primary debate at the University of Houston on February 26, 2016. The RNC’s sole role in the primary debate process is to ensure that our candidates are given a full and fair opportunity to lay out their vision for America’s future. We simply cannot continue with NBC without full consultation with our campaigns.
https://gop.com/nbc-letter/
Great examples of how inefficient the private sector is, but you never hear about it in newspapers because it’s not public information. Only way you hear about it is from the horse’s mouth, someone that works there. If the public sector pulled these moves, there would be blood. When the private sector does it, no one even knows about it.
Those jobs weren’t lost. They have been converted to happy employees at the Wegmans and Whole foods near me. That’s why you let corporations die and don’t bail them out. Chances are, the better ones are more than willing to step up.
A&P was an awful place to work or shop at. It’s gone…and its for the better.
Pumpkin, life does have strange turns.
About 8 years ago a former college friend reached out to me, after 30 years of non-contact, complaining that his former company laid him off after a twenty year run. I replied by stating that I heard that the company did suck, treated its employees poorly, blah, blah.
2 years later that same company bought out my employer. Still with them.
You nailed that both sides of the fence are the same. You miss the biggest difference.
In the private sector I have the choice of whether to deal with it or not. When the A&P shelves starting going empty two months ago I went to another store. Their problem, not mine.
In the public sector I am compelled to pay for the inefficiency and idiocy.
“40 Pumps
Public vs private = Democrat vs Republican.
Thieves, liars, cheaters, lazy, inefficient, nepotism, etc.
All of the same things happen on both sides of the fence.
I see it in public, I see it in private.
There are no unicorns, rainbows or kittens.
There are only those with ethics and morals and those without…..”
“Were the debates that bad? If you can’t handle tough questions in a simple debate how are you going to have talks with Putin or Rouhani? ”
Ignoring the braying donkey in 51, yes the debate was that bad.
The questions weren’t tough. They were idiocy. Cruz, whom I don’t like, nailed it best when on stage he listed about five irrelevant schoolyard questions about personality that were already asked. Halfway through.
There was absolutely nothing one could take away from that debate because of the questions. As Rubio said afterward, CNBC as the premiere (?) business network should have been asking about the debt, the proper role of the Fed, minimum wage, ZIRP, TPP, student loans, housing, etc. Instead we got “Does Donald Trump have the moral authority to lead?”.
CNBC did itself, the election, and its viewers a huge disservice. It was truly an embarrassment. I don’t think there was an adult in the room when those questions were drafted.
55. Did not miss it.
Public turned private becomes monopoly.
I would love to ditch Comcast, not going to happen.
Privatizing creates it’s own problems. Why no competition–no money.
Could you imagine a private police force– Look into many private /charter schools, plenty of thieves there also. Colleges- well, I could once again post the video to College, Inc, who knows how many of readers here actually watched that video.
Like I have said before, capitalism is a good system if it has a throttle.
Left unchecked, all hell breaks loose…..
Next RNC Agenda item: Going to demand FOX make Kelly apologize to Trump.
———————
Ben Carson: My tax plan is in the Bible. You know tithing…
CNBC Moderator: What?
GOP RNC Chairman: These questions are completely unfair!!!
Phoenix,
What happens when the throttle turns into the leviathan we see today?
Phoenix, you mistake me for someone supporting broad based privatization. I don’t.
I do believe in the correct read of the Constitution: powers not enumerated therein for the Feds are left to the States and People.
I do support private over public for the aforementioned choice. Additionally, private services tend to be better because of more (not perfect) accountability. Do well in the private sector and generally you are compensated more. Do poorly, and generally get left behind or fired.
In the public sector the bandwith of outcomes is much narrower. Superstars and laggards are treated relatively equally. Leads to less favorable results because, hey, why try if there is no difference in compensation or recognition?
For certain parts of the public sector you literally have to kill someone to be dismissed and sometimes even not then.
Phoenix,
Most people like to be on the receiving end of benefits of capitalism. It helps when you have the privilege to control the “throttle”. You know the game, learn how to “play” the game.
Nice work Michael for finaly keeping this site on topic. I like the real estate discusions the most.
grim- Are you saying you would redo the kitchen/bath in the Randolph had you bought it? I thought the kitchen looked fine as did most of the house. Then again Im in
49, Pumpkin this is proving the opposite of what you think. Here in the private case AP is suffering the consequences of being inefficient and poorly run. If this were the government they’d just raise taxes/sell some strategic assets/make new fees/etc and call it a day! That is the difference, in the private sector competition comes along and either forces them to compete or die.
I think the private sector is worse. They took down the entire economy, and then got bailed out by the govt they despise. I don’t know why you don’t see this. They are crooks and criminals.
“For certain parts of the public sector you literally have to kill someone to be dismissed and sometimes even not then.”
Look how long they were in business for? Come on, you are not being realistic. Plus, who is to say that the other supermarkets are run any better?
jcer says:
October 30, 2015 at 2:24 pm
49, Pumpkin this is proving the opposite of what you think. Here in the private case AP is suffering the consequences of being inefficient and poorly run. If this were the government they’d just raise taxes/sell some strategic assets/make new fees/etc and call it a day! That is the difference, in the private sector competition comes along and either forces them to compete or die.
64- Seems to me, the most successful businesses are the ones that are the best at cheating and working the magic with their books. Remember how celebrated enron was and all the others that came after them.
63, our government facilitated this and Dodd-Frank’s unintended consequences make it worse. Futures modernization, and Gramm-Leach-Bliley were big contributing factors, so tell me who is responsible is it our government for facilitating the thievery and too big to fail or the people who carried it out?
And for certain parts of the public section killing is a feature of the job.
http://abcnews.go.com/US/wireStory/official-state-charges-officer-fatally-shot-teen-34760712
The evidence “corroborates and supports Lt. Tiller’s belief that he was going to be run over,” Solicitor Chrissy Adams announced. haha yeah
leftwing says:
October 30, 2015 at 2:05 pm
For certain parts of the public sector you literally have to kill someone to be dismissed and sometimes even not then.
I will do my best to try and focus on real estate, but we do have an election coming, and I want to be well prepared with my vote. I do love real estate discussion, it simply is the best.
walking bye says:
October 30, 2015 at 2:17 pm
Nice work Michael for finaly keeping this site on topic. I like the real estate discusions the most.
grim- Are you saying you would redo the kitchen/bath in the Randolph had you bought it? I thought the kitchen looked fine as did most of the house. Then again Im in
How long would the govt stay in business if it didn’t have the monopoly power to tax, print, and kill? you fcuking moron
The Great Pumpkin says:
October 30, 2015 at 2:28 pm
Look how long they were in business for?
Keep it cool, no need to attack. I’m here to discuss just like you. All opinions are valid. Never punish someone for thinking even if you don’t agree.
joyce says:
October 30, 2015 at 2:33 pm
How long would the govt stay in business if it didn’t have the monopoly power to tax, print, and kill? you fcuking moron
“Never punish someone for thinking even if you don’t agree.”
Yeah, if you were in fact thinking lol.
I am sooo scared..
http://imgur.com/jNIqKCf
re# 68, Great Pumpkin, I already explained how the NJ vote will go down. Hillary is a lock, you might as well stay home.
A&P in Allendale is now Acme. Acme did not keep the liquor dept., a main draw for this undersized store (you’d think they would have worked this out beforehand). It also got rid of self checkout, and no discount card. Actually the no discount card I like. It offers the sale to everyone, and they can’t track my purchases.
Someone explain to me how BJs is still in business? I got 3 months free so decided to stroll into one the other day. You are paying a yearly fee to get blindly ripped off. They had two half gallons of organic milk for $6.39 while TJs has gallon for $5.99. That is just one example on many others. Are people really that foolish. Bigger size does not equal bigger value.
I bet NJRER is the the sumpinsumpinpunkin family’s favorite site. Imagine how many hours and hours each day they get to go about their business, just enjoying life without hearing a single word from him? He’s just prattling away in the other room, tickling the keys on his Dell keyboard all day. It’s interesting how he never has any comments about his work or maintaining Nana’s gift house. Maybe no job and he has a room in, rather than owns, Nana’s house?
Also…I wonder if he’s smart enough to have “It’s like I’ve been telling you all along,” chambered on his clipboard, so he can just hit CTRL+V to efficiently add to his volume of chum? Nah. He has endless time and no commitments…though his family is probably contemplating one. hahahahaha
We have open enrollment at my company for health benefits right now. We have two classes of employees at our company, pre and post acquisition in 2010. They let us coast on our 100% company paid Cadillac benefits for close to two years while pre-scr3wing all new employees. Those of us lucky enough to be around before mid 2010 are now in about our 4th year of incremental screwing, slowly boiling us frogs. I think the plan was 8 years of decreasing benefits until we are all at the same low level. Highlights from this year’s offering:
1. Health Premium goes up, but not unreasonable yet, about $62 bi-weekly. onerous co-pay and out of pocket deductible have been the large add-ins over the last couple years.
2. If you are a smoker, $1200 surcharge.
3. If your wife has a job that offers her health insurance, but you want to cover her here, $900 surcharge.
Those are the big ones. Here is an example of how good a plan we used to have. If you didn’t take our health insurance, they used to give you $5,000! in your paycheck. I never took it, but some used to count on it. A few years ago they reduced the “don’t take our insurance” bonus to 1/10th, $500. This year they eliminated it.
[75] That depends on what you’re purchasing and how you intend to use it. Right, joyce?
Bigger size does not equal bigger value.
Know what’s really funny, you sitting here wasting your time conjuring up stories that you wish described my life. I’m real. How did Grim know the same kid that failed out of Rutgers that I knew? How? I guess I made that one up too. I must be psychic to come up with stories like that. You call me a troll, yet, here you are trolling me. Hypocrite. I can’t believe I wasted my time responding to this, but it needs to be done. Too many individuals on this board think I’m making stuff up and I am not a real person. I’m here to tell you that I am. So stop accusing me of being here for the sole purpose of trolling people.
Also, in case you can’t tell, I don’t proofread my posts. I type rather quickly, it does not take me long to write these posts.
The Original NJ ExPat says:
October 30, 2015 at 4:25 pm
I bet NJRER is the the sumpinsumpinpunkin family’s favorite site. Imagine how many hours and hours each day they get to go about their business, just enjoying life without hearing a single word from him? He’s just prattling away in the other room, tickling the keys on his Dell keyboard all day. It’s interesting how he never has any comments about his work or maintaining Nana’s gift house. Maybe no job and he has a room in, rather than owns, Nana’s house?
Also…I wonder if he’s smart enough to have “It’s like I’ve been telling you all along,” chambered on his clipboard, so he can just hit CTRL+V to efficiently add to his volume of chum? Nah. He has endless time and no commitments…though his family is probably contemplating one. hahahahaha
IIRC, that guy was a loser from Clifton. Birds of a feather room at Nana’s together?
How did Grim know the same kid that failed out of Rutgers that I knew?
Maybe change your handle to The Great Clack-Clack ?
Also, in case you can’t tell, I don’t proofread my posts. I type rather quickly, it does not take me long to write these posts.
^^^btw, I don’t even think you proof-think your posts. I just measure the length and skip over them. I’ll give you this…you are an easy toy to wind up and play with;-)
Another work week closer to oblivion.
Taunting Punkinhead is the intertubes version of going for the low-hanging fruit.
Thanks Obama.
The Original NJ ExPat says:
October 30, 2015 at 4:35 pm
We have open enrollment at my company for health benefits right now. We have two classes of employees at our company, pre and post acquisition in 2010. They let us coast on our 100% company paid Cadillac benefits for close to two years while pre-scr3wing all new employees. Those of us lucky enough to be around before mid 2010 are now in about our 4th year of incremental screwing, slowly boiling us frogs. I think the plan was 8 years of decreasing benefits until we are all at the same low level. Highlights from this year’s offering:
1. Health Premium goes up, but not unreasonable yet, about $62 bi-weekly. onerous co-pay and out of pocket deductible have been the large add-ins over the last couple years.
2. If you are a smoker, $1200 surcharge.
3. If your wife has a job that offers her health insurance, but you want to cover her here, $900 surcharge.
Those are the big ones. Here is an example of how good a plan we used to have. If you didn’t take our health insurance, they used to give you $5,000! in your paycheck. I never took it, but some used to count on it. A few years ago they reduced the “don’t take our insurance” bonus to 1/10th, $500. This year they eliminated it.
You don’t go to BJ’s for the milk. You get it as a side item for the stuff you get that is worth it like paper, soaps, detergents, cleaning supplies, meats, cereals,etc.
I do agree since they got taken over by a PE firm they have gone downward and accelerating.
My company went through the same healthcare decline, but never had a Cadillac plan. Consider yourself lucky.
Look how long they were in business for? Come on, you are not being realistic. Plus, who is to say that the other supermarkets are run any better?
It’s written all over the employees faces at Wegmans and Whole Foods. These people love their jobs. Furthermore, Wegmans has consistently been voted one of the top companies in the nation to work for for quite some time. Cleaner, higher quality food, happier employees…and not much price difference on a ton of products. I fail to see the downside to A&P going out of business.
What’s the deal with the bacon scam?
The first slice in the pack looks great, but the rest of the bacon is all fat, clearly the first slice is put in to look make it look good.
Idiot,
So you have no response. As LW said, you thinking? pff
Al Molinaro<Vigoda
[77] expat
To be fair, Obamacare didn’t start this. But it did accelerate it dramatically
91. NoooooooooooooooOO!!!!
Serious question….Morris Township…Crummy schools, but man, some nice spreads. AMIrite?
The skools are seriously shit in Morris Twp. My daughter made a killing tutoring several of their grads in kolledge.
You can be a really wealthy, stupid kid from Morris Twp, and there’s no shortage of small, expensive private kolledges that will take Daddy’s money and warehouse you for four years.
I thought bacon is verboten?
Just send your kid to a school where the majority of his friends aren’t addicted to heroin. They s the most important quality in a NJ school these days.
OK….thoughts on this place…..
http://www.zillow.com/homedetails/110-Kitchell-Rd-Harding-Twp-NJ-07976/39423448_zpid/
99. Essex, I think its adorable. What do you think? I mean look at those nice low taxes. Price is a bit high but hey its Harding, a great quiet country like town. Its perfect!
Ceilings are a bit low. But Country charm trumps concrete tombs.
Didn’t the Chinese buy up all of the pork companiez?
Yes, if that was the case, don’t you think Grim and I would know each other? I know of the kid, I wasn’t his best friend. He was a club head and got around. A lot of people knew this kid. He was always at whatever club was hot for that night.
The Original NJ ExPat says:
October 30, 2015 at 5:30 pm
IIRC, that guy was a loser from Clifton. Birds of a feather room at Nana’s together?
How did Grim know the same kid that failed out of Rutgers that I knew?
I’m not disagreeing. That’s why I advocate for Bernie. If you want an honest individual running this country, Bernie is the obvious choice. His track record in govt says so. Why do you think the establishment is so scared of this guy. They thought he had no chance at first, and laughed him off. They are not laughing anymore. Hillary, has straight up flip flopped her way to the same positions as Bernie. Any coincidence?
joyce says:
October 30, 2015 at 2:33 pm
How long would the govt stay in business if it didn’t have the monopoly power to tax, print, and kill? you fcuking moron
The Great Pumpkin says:
October 30, 2015 at 2:28 pm
Look how long they were in business for?
I don’t think they are cheating on bacon packaging. Here is a video on how it’s done.
https://www.google.com/url?sa=t&source=web&rct=j&url=http://m.youtube.com/watch%3Fv%3DkPApLcIPVNI&ved=0CEgQtwIwDGoVChMIyOfFkdfsyAIVAWUmCh0Q0An_&usg=AFQjCNH1Y_1ivk0iLy_vPjlBpbKqEO-I7A
I was just reading an article on meat consumption. China blows the world away when it comes to consuming pork.
Juice Box says:
October 31, 2015 at 8:11 am
Didn’t the Chinese buy up all of the pork companiez?
Pumps you two are neighbors, go ringe his bell and ask to sample his hooch.
Ceilings are low, but that can be a good thing. Heating bill will not be high at all. Looks turnkey and with good materials. Based on the location, pricing seems on pt.
Essex says:
October 31, 2015 at 12:28 am
OK….thoughts on this place…..
http://www.zillow.com/homedetails/110-Kitchell-Rd-Harding-Twp-NJ-07976/39423448_zpid/
Just imagine how many times we have prob walked past each other at a local supermarket or town event. lol Grim, I’ll be at preakness this morning at 10 with the family. We will prob be crossing paths and not even knowing it.
Juice Box says:
October 31, 2015 at 8:21 am
Pumps you two are neighbors, go ringe his bell and ask to sample his hooch.
469k markup since it last sold during the bubble peak? You could have knocked it down and built a much better home for that.
re # 109- Stop telling scary stories Pumpkin, Grim won’t be able to sleep..
RE 99 The Harding home – The bedrooms that barely fit a queen size bed, the 8 foot ceiling height, the very undersized kitchen, all this for only 960,000? That house is about 250k-300k overpriced. The price tag is the only interesting thing about it.
SX, if you go this weekend I may see you there, LOL.
I intend to check it out but my initial thoughts are it is priced high for the lot size. It may have a Harding address but it is not “Harding”. Paying a lot for an address not in the right part of town.
Not bad if it were a quaint house on the typical lot; or a nicer house on a smaller lot not right on top of the only neighbor.
And actually, given only 1/2 acre check the actual tax address. Though Harding was 3 acre, this may be Harding mailing address but legally Morris Twp. A mlot of that out this way, not sure why.
104
You’re hopeless.
http://www.bloomberg.com/news/articles/2015-10-28/top-100-ceo-retirement-savings-equals-41-of-u-s-families
Another thread hijacked by the doltish Punkin.
100. I
Like it too!
113. it’s been on the market for a long, long, long time so it must be “complicated” also looks like they are trying to get every dollar out of their rehab, just not gonna happen.
112
$979,000 and no garage. Maybe in Hoboken I’d accept that but not Morris Co.
no garage is a big negative.
No garage deal breaker. They’d have an easier time selling the house if they just built one.
You’d think when they did the upgrades they’d pass on the Caligula bathroom for something more practical like a garage, but no.
60 FKA
Point taken. Your comment caused a little self-reflection in me.
CND also did that to me once.
Thank you both…