From RealtyTrac:
RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, today released its first-ever Registered Criminal Offender Risk Index, which shows that average home values and home equity were lower — while average foreclosure rates were higher — in zip codes with a higher offender index than in zip codes with a lower offender index.
The report also shows that average home price appreciation has been slightly stronger over the past year and five years in zip codes with a higher offender index than in zip codes with a lower offender index, but only zip codes with an offender index in the bottom 20th percentile have seen home prices rebound above levels from 10 years ago.
“This new index provides concrete evidence that registered criminal offenders pose not only a potential safety risk for homeowners and their families, but also a potential financial risk for what is likely a homeowner’s biggest asset,” said Daren Blomquist, senior vice president at RealtyTrac. “This is clearly evident in the significantly lower home values and significantly higher foreclosure rates in zip codes with a higher offender index, but it may not be as evident in the home price appreciation numbers, which are actually slightly stronger over the past year and five years in zip codes with a higher offender index. However, the 10-year appreciation numbers demonstrate home values in the lowest-risk zip codes for offenders were not hit as hard during the housing downturn and have rebounded more quickly back to their previous highs – even exceeding those previous highs.”
The index is based on the number of registered criminal offenders (including sex offenders, child predators, kidnappers and violent offenders) as a percentage of total population in 10,358 U.S. zip codes. The offender data is collected from each state’s criminal offender registry online and is available on RealtyTrac subsidiary www.homedisclosure.com, where offenders living within a half-mile radius of a home can be identified.
…
The higher the offender index, the lower the home value and home equityAverage home values as of the first quarter of 2016 in zip codes with a Very Low offender index ($512,841) were more than three times higher than home values in zip codes with a Very High offender index ($157,844).
Furthermore, the average 2015 median sales price for homes in zip codes with a Very Low offender index ($450,925) was more than three times higher than the average 2015 median sales price in zip codes with a Very High offender index ($126,205). The median price per square foot on average for homes in zip codes with a Very Low offender index was $243, three times higher than in zip codes with a Very High offender index ($81).
Homeowners living in zip codes with a Very Low offender index on average had 29 percent equity (71 Combined Loan-to-Value) as of the first quarter of 2016, nearly three times the average 10 percent equity (90 CLTV) for homeowners living in zip codes with a Very High offender index.
…
Home prices rebound above 10-year-ago levels only in zips with Very Low offender indexAmong homes that sold in 2015, the average one-year home price appreciation in zip codes with a Very High offender index (up 7 percent) was slightly higher than the average one-year HPA in zip codes with a Very Low offender index (up 5 percent).
Home prices also rose slightly faster over the past five years in zip codes with a Very High offender index (up 24 percent on average) than in zip codes with a Very Low offender index (up 20 percent on average).
Median home sales prices in zip codes with a Very Low offender index in 2015 were 7 percent higher than median sales prices 10 years ago, in 2005, but home prices in all other offender index categories were flat or lower than 10 years.
on a related note, water is indeed wet….
Yes, you can probably file this under obvious correlations.
I suspect that offenders are poorer and thus have little choice but to live in lower-valued areas. The causation may be that low-price housing attracts criminals and former criminals.
$350k jobs being replaced at GS. Coming soon near you!!!
http://www.businessinsider.com/high-salary-jobs-will-be-automated-2016-3?utm_content=buffer2a657&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer
There are a lot of things that computers can do better than people in finance.
Calculations are done by computer rather than floors of people with slide rules.
We use cars instead of pedicabs.
I suspect that wealthier people are more easily able to skirt the law and get away with such behavior because they have institutions, money, and the benefit of the doubt (As upstanding white pillars of the community) to protect them from prosecution. The Catholic Church comes to mind. As does the rapey-ness of most college campuses. But we can also look to the financial collapse for evidence of rich folks getting away with criminal activity, the fact that blacks are 8 times more likely to be busted for pot than whites even though usage is the same…
“I suspect that offenders are poorer and thus have little choice but to live in lower-valued areas. The causation may be that low-price housing attracts criminals and former criminals.”
NJ will likely be losing some more rich people the old fashioned way – by having employees see their company and stock collapse. Pharma company Valeant has its US HQ in Bridgewater, NJ. Stock has fallen from $260 to $30, and is beginning to default on debt covenants.
Just 6 months ago a clueless analyst from Nomura named Shibani Malhotra initiated with a buy rating and $290 target price. Two biology degrees in England and an MBA from Dartmouth, but no CFA. She wrote 50 pages of research, noting its debt-heavy capital structure as both an advantage and a risk. Forecasts out to 2025 that are already quite obsolete.
Ottoman – so Westfield has just as many criminals per capita as Camden, it’s just the justice system discriminating against prosecuting the whiteys?
College students all rapists? That implication inspires our song of the day:
“Slip it In” by Black Flag, sung by Bernie Sanders supporter Henry Rollins
https://www.youtube.com/watch?v=akP6RUczTx4
Ottoman,
Great satire. No, seriously. I can’t imagine someone actually believing what you say. I’ll remember this the next time I walk into a convenience store somewhere in Wyckoff late at night. You never know when some poor white guy is going to walk in there and bust a cap in everyone in the place.
RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, today released its first-ever Registered Criminal Offender Risk Index, which shows that average home values and home equity were lower — while average foreclosure rates were higher — in zip codes with a higher offender index than in zip codes with a lower offender index.
In other news, the sun rose today. What a scam industry. H0ly sh1t! Can you imagine people reading this and not laughing out loud?
Eddie,
I suspect someone at RealtyTrac invited some manager’s college kid to work as an intern for a few months, and that this “study” was the kid’s paper to prove he/she accomplished something tangible, showing off basic statistics skills.
Now that kid is back in college raping people and performing “cultural appropriation” by serving nachos, spaghetti, and fried chicken.
Hold on here, just hold on.
So the premise of the rebuttal is that white people are better criminals than black people?
Isn’t that statement inherently racist?
Come on, everyone knows it’s impossible for other races to be racist towards whites. They can call them cracker and nothing will happen. What a world we live in.
grim says:
March 18, 2016 at 10:17 am
Hold on here, just hold on.
So the premise of the rebuttal is that white people are better criminals than black people?
Isn’t that statement inherently racist?
Sad, any chance it can be saved? Another blow to jersey.
Ragnar says:
March 18, 2016 at 9:37 am
NJ will likely be losing some more rich people the old fashioned way – by having employees see their company and stock collapse. Pharma company Valeant has its US HQ in Bridgewater, NJ. Stock has fallen from $260 to $30, and is beginning to default on debt covenants.
Ragnar [11],
And he/she wrote it using a box of crayons.
I always tell my wife; White people are nice to you as long as you don’t cross them. If you did, they will always protect their same color skin.You will always be a foreigner. Just to be clear: Just get along with everyone and you have no problem
I will modify my prediction, Trump and/or his family will be shot at.
http://www.cbsnews.com/news/threatening-letter-sent-to-donald-trump-son-eric-trump/
#18 Juice Box, this is no surprise from the tolerant, open-minded left.
“The mail, sent to Eric Trump at his posh Manhattan residence at 100 Central Park South, also known as Trump Parc East, was opened by his wife Thursday. A source close to the investigation said the letter had a Massachusetts postmark and warned that if Donald Trump doesn’t withdraw from the race for the Republican presidential nomination — paraphrasing — harm will come to the kids.”
i seriously think we are careening off of a cliff.
China and Japan pretty much blocked all foreigners from coming to their country. Why aren’t they labeled racist? Why does the white race take so much heat for their actions in history, yet people ignore the wrong doings of almost every other culture?
yome says:
March 18, 2016 at 11:31 am
I always tell my wife; White people are nice to you as long as you don’t cross them. If you did, they will always protect their same color skin.You will always be a foreigner. Just to be clear: Just get along with everyone and you have no problem
just like you, she knows nothing.
but those fancy MBA degrees help to justify the high fees Wall St charges, the millions for her bosses, and her $350k in compensation
Ragnar says:
March 18, 2016 at 9:37 am
Just 6 months ago a clueless analyst from Nomura named Shibani Malhotra initiated with a buy rating and $290 target price. Two biology degrees in England and an MBA from Dartmouth, but no CFA. She wrote 50 pages of research, noting its debt-heavy capital structure as both an advantage and a risk. Forecasts out to 2025 that are already quite obsolete.
Ottoman is just bitter because he was raped at a fraternity. Poor guy.
7, it’s classic liberal thinking, you can borrow yourself to prosperity…..what they always fail to account for is sustaining the debt service and at some point the principal comes due.
27. Corporations borrow themselves to prosperity all of the time. There is a show dedicated to that. It is called Shark Tank….
[22],
but those fancy MBA degrees help to justify the high fees Wall St charges, the millions for her bosses, and her $350k in compensation
Become an analyst and you can make the same type of money. Why do you envy them? Don’t use their services if you don’t agree with the practice. Unlike Obamacare where you don’t have a choice. Then, you’ll pay a penalty for not complying. What do you do on a regular basis to assist in the plight of the common man?
And you claim that the GOP is broken? You endorse a corrupt, non-charismatic hag who is the epitome of establishment and have the gall to ridicule the other side?
Otto….Ive lived in the ghetto and teach in a wealthy area. Misbehaving doesn’t even occur to 90 percent of these kids whereas in the inner city….it’s their favorite national past time
I wonder where’s the outrage at the central planners of the Federal Reserve and other central banks who are manipulating global interest rates to ensure negative rates and/or negative real interest rates for savers? They are killing income of individuals with bank deposits, and killing future returns of pension plans – many of whom are government workers. They are rewarding companies for going out and borrowing to fool around with M&A and assorted financial engineering.
Now that they have cut interest rates to nothing, asset markets are addicted to it, and they’re scared to change direction.
26. my uncle (mom’s bros) was once head of reasearch at First Boston.
I have heard hkm say that research has itself changed so much and the introduction of a sales component into the mix makes it much less ‘pure’. Wall Street today is not the same place.
Ben not sure if you saw this.. Fed-Up Motivational Speaker Goes Off-Script When He Witnesses Black Students ‘Disrespecting’ Him During Talk. Eric Thomas went from being a homeless, fatherless high school dropout who survived the streets of Detroit by fighting on a daily basis to earning his Ph.D. in educational administration from Michigan State and becoming a sought-after motivational speaker who commands between $50,000 and $100,000 when he shares his story with corporations
But when some students in the auditorium kept talking while Thomas was trying to speak, the been-to-hell-and-back guy known as the “Hip-Hop Preacher” wasn’t having any of it — and the event took a dramatic turn. I’m here because I love you, but I’ll be darned if I come here for free and you disrespect me,” Thomas growled, staring down his audience and punctuating his words with finger jabs. “I ain’t 20 years old. I ain’t 19 years old. I’m a grown man. I’m here because I love you … I’m not here to take nothing from you. I’m here to give you something.”
More from Thomas:
And you’re gonna have the nerve to laugh and joke when teachers trying to teach you? You got the nerve to act the fool when somebody cares about you? You’re talking when I’m talking? Do you know if I go to a Jewish school, them kids are quiet. If I go to a white school, them kids quiet. If I go to a Latino school, they quiet. The only kids that disrespect me is black kids. That’s it, my own are the only ones that disrespect me. I work in any other school and they’re like, “There go ET, we taking notes.” I come home — you talking. You capping jokes. You think something funny. Look how we’re living. There ain’t nothing funny. Ain’t nothing funny y’all.
Thomas added that he’s embarrassed when educators ask him why there are problems in urban schools because he knows students in them are barely trying
28. not to mention high incidences of mental illness.
31 – Is that an accurate description of his speech? Meaning, does he really use the double negative street-talk so fluently?
Essex,
I’ve been on the receiving end of sell side research for the last 25 years, it sure has never been “pure” during that time period. Sometimes useful, but I think it’s always essentially been advertising for commissions. Buyer beware.
34. Your a noob Ragnar. An f’ing noob, Now STFU.
[35] sx
Did you run out of clonopin?
[23]. DFENS
I don’t know which is worse: the visual of Otto getting butt-raped or Tate fact that someone would have.
Reminds me of an early job I had at SSB. There was a butt ugly townie there who was pregnant. A coworker pointed out to me “ugly as she is, some guy did that.” Talk about an ewwww moment
until the 1960’s you could freely lynch them. but now everybody expects them to sit quietly
make them wealthy, let’s pay reparations, and 90% of them ain’t won’t be misbehaving no more
ben says:
March 18, 2016 at 2:28 pm
ben says:
March 18, 2016 at 2:28 pm
Otto….Ive lived in the ghetto and teach in a wealthy area. Misbehaving doesn’t even occur to 90 percent of these kids whereas in the inner city….it’s their favorite national past time
Our wonderful heath care system, this is what is wrong Medicare Part A vs Part B. You are in the hospital and then the scam begins.
Family member was kept 3 days in an ER in New Jersey then discharged ( I won’t say Hospital so don’t ask) this week as outpatient and now cannot reasonable additional care inpatient that is needed for the next few weeks.
https://www.medicare.gov/what-medicare-covers/part-a/inpatient-or-outpatient.html
The crime that pays is the crime that stays.
36. I’m completely stocked thanks.
…and then there is this….
http://gothamist.com/2016/03/18/conbody_profile_prison_gym.php
“When our nations had gold as the money of governments and silver as the money of the people, we enjoyed a level of prosperity and economic stability that we have not seen either before or since that era. In the four and a half decades since these metals have lost their official monetary status, our economies have been destroyed, our governments have been bankrupted, and the currency in our wallets is fundamentally worthless.”
http://www.zerohedge.com/news/2016-03-18/two-worlds-precious-metals-east-and-west
Gawker Media…..’Dead man Walkin’
http://www.northjersey.com/news/jury-awards-hulk-hogan-115m-in-gawker-lawsuit-1.1530309
31, he’s dead on. And the moron professors in education sit there and ask questions to the obvious. They ask all these questions like “why don’t they perform well given the changes we made?” never acknowledging the obvious. The kids fill in pictures on the standardized tests. Hell, the suburbs got a taste of that last year with PARCC. Any teacher could have told these morons that if you don’t make a test count, no one takes it seriously.
I have neither the amount of gold nor the amount of .223 that would allow me to feel comfortable when I go to sleep every night.
I’m goddam close, though…
And no, I won’t be voting this year, either.
Spoken by a pharmaceutical rep pushing his pills for sale……
Essex says:
March 18, 2016 at 3:29 pm
28. not to mention high incidences of mental illness.
Cancel my subscription to the resurrection.
.223 nah thanks.
.40 cal and a good 12 gauge.
What are you ladies drinkin’ 2nite?
“make them wealthy, let’s pay reparations, and 90% of them ain’t won’t be misbehaving no more”
Randolph Duke: That man is a product of a poor environment. There’s nothing wrong with him, I can prove it.
Mortimer Duke: Of course there’s something wrong with him… he’s a Negro!
49. he swings and he missssses
Add one more s and I’ll believe you.