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love it or leave it …..
Rentberry, baby!
https://thebillfold.com/rentberry-wants-prospective-tenants-to-bid-against-each-other-for-apartments-32e9f4c28f6f#.b4ttebi6y
Old person: When I was your age, kids weren’t like they are today. We–
Me: Smoked more, drank more, and did more drugs than kids today?
OP: No, we-
Me: Got pregnant as teenagers and had more abortions than kids today?
OP: That’s not it! We didn’t-
Me: Didn’t go to college in the numbers or achieve anything like the levels of education the average kids today do?
OP: Argh!
Me: Yeah, now imagine how frustrated we are.
Did my drive around Monmouth county today, tons of Mansions for sale down here on the shore, some with steep discounts.
Example, was $8,500,000, now only $5,850,000.
http://www.zillow.com/homes/for_sale/2102155694_zpid/any_days/globalrelevanceex_sort/40.385308,-74.033625,40.366771,-74.062936_rect/14_zm/
Need more people like this that get it.
“Eric Schoenberg, 54, is a New Jersey millionaire — and he believes he should be paying more in taxes.
Schoenberg, who grew up in Berkeley Heights, made his fortune as an investment banker and from an inheritance left by his father, who owned a Mountainside-based computer services business. An adjunct professor who teaches about family wealth at the Wharton School of the University of Pennsylvania, Schoenberg intends to also leave an inheritance to his two adult daughters.
For the good of New Jersey — and the country’s economic health — the long-time Franklin Lakes resident says they shouldn’t avoid paying taxes on what he bequeaths. For the past few months, state lawmakers have been arguing over whether the estate tax — the so-called death tax — should be eliminated. New Jersey is one of two states in the U.S. to levy an estate tax and an inheritance tax.
A member of the Patriotic Millionaires, a nonpartisan organization of U.S. millionaires who care about progressive tax policy, Schoenberg holds a Ph.D. in psychology and is Chairman of CampusWorks Inc.
He spoke to us about why he thinks eliminating the death tax or any tax in New Jersey is a bad idea. ”
“Q. Tell us a little more about the Patriotic Millionaires.
A. We are national group of wealthy individuals who believe that a growing degree of income inequality in our country is a huge problem. Our position is simple: If you agree that inequality is a problem, then let’s at least start to address it. We shouldn’t have a government that is increasing it.
Q. Why do you support the estate tax?
A. I believe that America is fundamentally about ensuring everybody has an equal chance to make it. There’s nothing wrong with people helping their kids. But at the end of the day, the kid has not done anything to earn that money. If you’re worried about wealth inequality, the notion that we would allow people to pass on billions — literally billions of dollars — to some set of children tax-free belies every set of common sense that I can imagine.”
http://www.nj.com/opinion/index.ssf/2016/05/meet_eric_schoenberg_a_nj_millionaire_who_welcomes.html#incart_2box_nj-homepage-featured
That’s the bottom line. Where is the common sense?
” I believe that America is fundamentally about ensuring everybody has an equal chance to make it. There’s nothing wrong with people helping their kids. But at the end of the day, the kid has not done anything to earn that money. If you’re worried about wealth inequality, the notion that we would allow people to pass on billions — literally billions of dollars — to some set of children tax-free belies every set of common sense that I can imagine.””
“Q. But isn’t this a clear redistribution of wealth?
A. I take a distinctive perspective: I’m politically liberal, even though I’m a registered Republican. And Paul Ryan, the House Speaker, gave this famous speech where he said his concern about welfare is that it creates a safety-net hammock that allows the recipient to lose their initiative and will to go out and work and do something for themselves. And I agree with Paul Ryan. But I say, why not apply the same logic to rich kids? When the rich kid receives a bequest from their parents, it’s like getting private welfare.”
# 4 Juicebox …that house was just over priced to start although it sold in 05 for 6,500,000 it is now assessed at 5,274,000. which is closer to real value noe that Monmouth county reasses yearly …..
Zombies can’t swim, Plume.
Punkin’, didja ever stop to think that the gubmint isn’t entitled to any part of anyone’s personal wealth? A rich guy who made a billion has every right to leave it to his kids, his pets or his mistress. None of the gubmint’s bidness…and sure as shit none of yours.
Now back to not feeding this irritating troll.
America was never about having an equal chance to make it. That’s just delusional. America was about everyone having a non-zero chance of making it. You progressives have taken that away from millions of people with your red-tape regulatory b*llsh*t. I can’t even sell my hot sauce without jumping through 6 or 7 hoops and spending 20k.
11. Not going to jump on the political soapbox, super surprisingly, except to agree and say the prognosis is not good.
No one blinked an eye last week when it was reported that 60,000 SUVs – yes, 60,000 – had sales and deliveries halted.
The reason? The mileage had a number off by one or two MPG on the EPA part of the window sticker. If you were awaiting delivery and your vehicle came you could not pick it up. Dealers could not sell you one off the lot. GM, the “offender”, rushed out 60,000 new stickers for the windows of these vehicles to the dealers. Old ones were removed, new stickers affixed. GM contacted the EPA and a quick “settlement” was reached. Owners who purchased these vehicles were given gift cards of anywhere from $400-900 each.
The cost of this exercise from dealer level employees, through professionals at the regulatory agency and the manufacturer, and lawyers is real. Millions of dollars of effort and cost that produced not one iota of common wealth, instead only changing one digit on a meaningless mandated sticker that was off by less than 10%.
The notable item for me wasn’t that this exercise occurred, I’m used to meaningless, unproductive “work” now, and inexplicable people being well compensated for the same. The notable item was that there wasn’t outrage at this total waste of people’s – society’s – time, money, and resources.
We, as a society, have lost the ability to distinguish between productive and non-productive exercises and instead we value the two equally. It is a root cause of the current malaise and unless rectified this country can not operate – produce – as it once had.
No more Americans like me. Oy.
“You progressives have taken that away from millions of people with your red-tape regulatory b*llsh*t. I can’t even sell my hot sauce without jumping through 6 or 7 hoops and spending 20k.”
Of course there’s a great chance your daddy would have died from a food borne illness before he had the chance to f*ck your stupid azz into your mommy’s tw@t without regulations. Not to mention your granddaddy dying in a coal mining disaster before he could f*ck your dad into Granny. Unfortunately for you, capitalists have a long well documented history of prizing profits over human life. That’s the free market at work. Also, let’s ignore all the science and tech funded and directed by the government which enables people to create more businesses we don’t need, like hot sauce companies.
“’, didja ever stop to think that the gubmint isn’t entitled to any part of anyone’s personal wealth? A rich guy who made a billion has every right to leave it to his kids, his pets or his mistress. None of the gubmint’s bidness…and sure as shit none of yours.”
Maybe if this alleged billionaire made all his money in Somalia without the benefit of the government protecting his money and all the people he relies on to make that money. Not to mention the educations and basic healthcare and transportation needs of the people doing the work and buying the goods or services or employed in the companies he invests in. Of course all people who’ve make the billion dollar mark have done so with direct help from favorable government tax regulations (cap gains lower tax rate, depreciation deductions) and loopholes too. But you keep pretending wealth is created by individual gumption alone. It’s cute.
No, you didn’t made that billion by yourself. it was America who helped you make it. the infrastructure, the legal system, the rule of the law, the wealthy population. pay your taxes and STFU
sell your cr ap in Somalia.
no red tape, no regulations. NO TAXES
you’ll be billionaire in no time
Ben says:
May 22, 2016 at 8:05 pm
red-tape regulatory b*llsh*t. I can’t even sell my hot sauce without jumping through 6 or 7 hoops and spending 20k.
The liberal’s latest mantra, that infrastructure available to all enabled wealth, so therefore the wealth belongs to all.
Nice populist tagline but logic so flawed as to be inexplicable.
Has the left really become so bereft of actual ideas, LOL.
Capital goes to where it is treated best.
Always did, always will.
Continue to prevent and disincentivize wealth building.
Pay no attention to that giant sucking sound.
left (18)-
The radical left just can’t find anyone else to blame.
They’re also getting as much mileage as they can from Bernie’s 15 minutes of spotlight.
Disclaimer: although I do support Bernie for prez, I don’t agree with any of his policy ideas. I support him because he’s honest.
And what poetic justice that my post stating we as a society have lost the ability to distinguish between productive and non-productive “work” is immediately followed by posts 14-17.
QED.
The radical left just can’t find anyone else to blame.
That’s why they’re so angry or, they just don’t know why everyone else can’t be inferior like themselves. Productive work to them has been reduced to protesting over a genderless society. The fall of the U.S. is going to make the collapse of the Roman Empire look like child’s play.
Salaries in NJ Christie’s photographer makes 100k
http://www.nj.com/politics/index.ssf/2016/05/what_key_people_in_nj_state_government_make.html?ath=e48193b1505a73e67f7874531301093d#24
There are already apps that require two partners to enter their consent before engaging in $exual activity.
California and New York have introduced laws “requiring” colleges to adopt affirmative consent policies.
So, yes, they will be regulating the activity that Ottoman graphically describes in his comment.
http://fortune.com/2015/09/01/affirmative-consent-app/
Ottoman says:
May 23, 2016 at 7:49 am
“You progressives have taken that away from millions of people with your red-tape regulatory b*llsh*t. I can’t even sell my hot sauce without jumping through 6 or 7 hoops and spending 20k.”
Of course there’s a great chance your daddy would have died from a food borne illness before he had the chance to f*ck your stupid azz into your mommy’s tw@t without regulations. Not to mention your granddaddy dying in a coal mining disaster before he could f*ck your dad into Granny. Unfortunately for you, capitalists have a long well documented history of prizing profits over human life. That’s the free market at work. Also, let’s ignore all the science and tech funded and directed by the government which enables people to create more businesses we don’t need, like hot sauce companies.
that was the point of Iraq 1 under Sr., and Iraq 2 under his mentally-challenged offspring
we have the greatest defense infrastructure in the world to protect and enable the wealthy
pay your taxes
leftwing says:
May 23, 2016 at 8:17 am
infrastructure available to all enabled wealth
Off to Denver
Bring back some weed.
16-
Where did the money come from to build the roads?
re: # 16 – “pay your taxes and STFU”
Eh? You want to silence decent? The American revolution was was precipitated by Overtaxation. The whole point of the system today is to prevent it.
22. I might be angry too if I made as many imaginative generalization as you do….
5, the problem is the tax is largely not paid. Behaviors change based on this tax, people establish a different address when they retire. So not only does NJ not get the inheritance tax they lose out on income tax revenue. The problem with the inheritance tax is always the unintended consequences, my favorite is the cost basis step up on 5.4 million, so conceivably there is a huge tax benefit to dying with 5.4 million in assets and but every dollar above that is punished. Why should some money not be taxed ever(the gains) and other money be taxed multiple times? So the wealthy exploit this, and create structure to pass the money between generations while taking full advantage of the nearly 11 million of low basis assets they can leave with full basis step up. The tax code is a mess and is full of unintended consequences and that is the problem and that is why it needs to be greatly simplified rather than continually issuing patches and clarifications which just make it even more unclear and convoluted.
With the civil war now occurring in the Democratic Party it will be a miracle if the Dems pull off a Win in November.
Regulatory burden on small business is real and needs to be addressed. This is not an issue of killing your customers and employees. Large businesses have a much easier time navigating these burdens, and can cover the cost. But the outcome is the burden of entry is huge to small business – and the result is mega business and mega profits.
Anyone who thinks that income inequality is a major issue needs to understand how these regulatory burdens contribute to it.
What if I told you that hot sauce was being made by a black single mother in Paterson – and it was fantastic. Her shot at “making it” isn’t based on her recipe, determination, commitment, and love of it – it’s based on navigating burdensome regulation.
You don’t think this is a real problem?
And yes it is a Democratic Party civil war. Bernie is outright calling for the Dems to support Tim Canova who is Debbie Wasserman Schultz’s Democratic opponent down in Ft. Lauderdale. Bernie even sent out a fundraising email on behalf of Canova to his legions of supporters over the weekend, that is unheard of.
I’d eat her food in a second, despite her struggling with trying to come up with a HACCP and recall plan – I can’t say the same for the shit coming out of mega agribusiness.
Of course there’s a great chance your daddy would have died from a food borne illness before he had the chance to f*ck your stupid azz into your mommy’s tw@t without regulations. Not to mention your granddaddy dying in a coal mining disaster before he could f*ck your dad into Granny. Unfortunately for you, capitalists have a long well documented history of prizing profits over human life. That’s the free market at work. Also, let’s ignore all the science and tech funded and directed by the government which enables people to create more businesses we don’t need, like hot sauce companies.
Here’s your science lesson for the day. Hot sauce is so acidic, no food born illness could survive in it.
re # 33- Hot Sauce is a bad example. Co-Packers have the special licensing and certifications needed, FDA certified, they even pay off the gluten, organic and rabbinical councils too. Biggest problem would be slotting fees in grocery. Want shelf space for one year? Pony up $100,000.
25. Sorry, I mistakenly thought the greatest defense infrastructure in the world was built to protect all the country’s citizens, regardless of income.
My bad, LOL.
Lmk when we cede AC to ISIS. Want to make sure I’m not at the tables. Doubt they pay as well as the Trop’s double attack BJ.
Ok, so the Mortgage Apple Pie lady who was baking pies in her house to help pay the mortgage, instead of walking away and losing it to foreclosure.
Groupo Bimbo or the Apple Pie? I ‘d take the pie.
Good thing she got shut down, she was a closet capitalist who couldn’t wait to kill her customers and rape her employees.
Regulatory burden is insidious, effects all sectors, and is a real problem. Like the tax code, regulations are too complicated and frequently are used as a power grab by various government organizations. The net effect is mega businesses that are largely too big to fail and generally can manipulate and influence the regulations to fit their business needs.
Oh no, she is still in business, has a retail location, has been on Oprah, and had a movie made about her?
God help us, another good one lost to capitalism. I bet she kills puppies on the weekends.
It never ceases to amaze me that liberals are so outraged when they get the same backlash that they visit upon their enemies.
http://www.nytimes.com/2016/05/21/nyregion/trump-hat-death-threats.html?WT.mc_id=2016-MAY-OTB_AUD_DEV-0501-0531&WT.mc_ev=click&ad-keywords=AUDDEVREMARK&_r=0
[15] otto,
For the good of humanity, you should be hunted down and dismembered.
It was paid for with taxpayer money (and bonds through private investors).
It was physically built by private contractors.
Alex says:
May 23, 2016 at 9:58 am
16-
Where did the money come from to build the roads?
re #42 – and somehow this 62 year old actree who was studying to be a nurse is now a fulltime phys ed teacher at a charter in Newark and bakes her cakes overnight at a commercial kitchen in Hawthorne. Damm capitalism…
[30],
I’m calling it as I see it. The left mentality is useless, clueless, meek, narrow, weak and angry. The hardcore constituents suffer from classic ailments of Asperger’s syndrome.
The recent FDA ruling regarding cigars is a good example.
All small companies that have offered new products since 2007 will be heavily regulated…essentially putting many of them out of business.
The large businesses will be able to afford the cost…
http://www.cigaraficionado.com/webfeatures/show/id/fda-and-cigar-regulation-how-did-we-get-here-18796
The fact that NJ is the only remaining state in the country where it is against the law to pump your own gas is another example of regulation run amok…
It happened because some enterprising business person decided that he could sell gasoline at a lower price…if he had people pump it themselves.
Lobbyists ran to the legislature to get them to pass a law that made pumping your own gas illegal….you know….for safety.
http://www.nj.com/opinion/index.ssf/2014/02/the_real_reason_self-service_gas_was_banned_in_nj_corruption_not_safety.html
“It was Irving Reingold who created the crisis that led to the law banning self-serve gasoline. Reingold, a workaholic who took time out only to fly his collection of World War II fighter planes, started the crisis by doing something gas station owners hated: He lowered prices. Fifty-one years ago, gas was selling at 21.9 cents a gallon. The price was rigged by a gentlemen’s agreement among gas station owners.
“Reingold decided to offer the consumer a choice by opening up a 24-pump gas station on Route 17 in Hackensack. He offered gas at 18.9 cents a gallon. The only requirement was that drivers pump it themselves. They didn’t mind. They lined up for blocks.
“The other gas station operators didn’t like the competition. Someone tried shooting up Reingold’s station. But he installed bulletproof glass, so the retailers looked for a softer target – the Statehouse. The Gasoline Retailers Association prevailed upon its pals in the Legislature to push through a bill banning self-serve gas. The pretext was safety, but the Hackensack fire chief had already told all who would listen that Rein- gold’s operation was perfectly safe.
“The bill sailed through in record time, despite the objections of everyone who cared about the public interest. Journalists howled. “Chalk up another victory for the organized pressure groups,” said WOR radio commentator Lyle Van.
“Prices went back up. Reingold got out of gas and moved on to other endeavors, such as revolutionizing the sport-fishing business in Florida with boats that were bigger and more luxurious than anyone had seen.
33. Grim, you think that this is an “accident” or byproduct of the system? Naaah..
It’s govt in bed with big business….
37. Don’t interfere with capitalism. Paying off different entities is part of the business cycle- Who are we to say they don’t deserve their “cut”.
they even pay off the gluten, organic and rabbinical councils too. Biggest problem would be slotting fees in grocery. Want shelf space for one year? Pony up $100,000.
41. It’s not right to stop the wealthy from using their money to influence/control their environment in order to do well. If they have the ability to grease the right palms, make laws that make it difficult for competitors, and offshore their profits, who are we to stop them from doing what they feel is necessary in order to profit? That would be anti-American….
The net effect is mega businesses that are largely too big to fail and generally can manipulate and influence the regulations to fit their business needs.
Regulatory burden on small business is real and needs to be addressed. This is not an issue of killing your customers and employees. Large businesses have a much easier time navigating these burdens, and can cover the cost. But the outcome is the burden of entry is huge to small business – and the result is mega business and mega profits.
Anyone who thinks that income inequality is a major issue needs to understand how these regulatory burdens contribute to it.
What if I told you that hot sauce was being made by a black single mother in Paterson – and it was fantastic. Her shot at “making it” isn’t based on her recipe, determination, commitment, and love of it – it’s based on navigating burdensome regulation.
You don’t think this is a real problem?
I sold the hot sauce at a farm during apple season that just didn’t care and I never put a brand name or info on it that could be traced back to me. I could easily sell $500 a day on a good day. I could easily sell it in the local shops as well. That being said, if I went by the book, I’m probably out $20k immediately and have a $10k hurdle of red tape to overcome on a yearly basis. I’d imagine I would post $10k in profits yearly long term which means I would have to do it for 3 years just to break even. If I were in another state, I’d make money right out of the gates the same way I did at the farm.
The dude who started the Siracha company was a Vietnamese immigrant who sold it out of barrels at farmers markets originally. Over time, his production and popularity has grown to ridiculous levels. His entire operation has always been financed by cash he took in. This type of story is not possible in New Jersey. While I do have the ability to front the money to do it by the letter of the law, I’ve just put the idea aside because it’s just not as profitable as it should be, and I have better ways of making money. Should the red tape come down…I’m in.
For now, I produce solely for the purpose of my own consumption and holiday gifts, which everyone looks forward to each year.
Funny how the haters of big business are the ones who actively promote the red tape that eliminates all their potential competition.
Funny how the haters of big business are the ones who actively promote the red tape that eliminates all their potential competition.
Which does nothing but kill the middle class; the group they claim to represent.
We live in interesting times people…..interesting times.
The line between success and failure is thin. Sometimes represented by city blocks.
We live in interesting times people (jj Edition):
http://nypost.com/2016/05/23/its-shockingly-easy-to-fall-in-love-with-a-sex-doll/
Headquartered in Wayne NJ? What the fck?
Ben, not picking on you, but $20k is not much if you really believe in your product. Look at all the parents pouring thousands into sports so their kids can have a slim chance to make it to the pros after 15 years. Break even after 3 years is great.
Capital flows to where it is treated best. All else on this topic is noise.
It flows to the dispensaries in Colorado
[47] Eddie
I know people with Asperger’s. They would be highly insulted that you compared them to leftists like anon and otto.
60. weird thing to say, but i must say i get what he means….
Any of you freaks see the bill in the NJ Assembly to charge a nickel per paper or plastic bag to which 3 cents of it would go to lead abatement (in the ghetto for sure)?
If you drive a car, I’ll tax the street
If you try to sit, I’ll tax your seat
If you get too cold I’ll tax the heat
If you take a walk, I’ll tax your feet
Have I told you guys about the shower we installed in the middle of our print plant? I’ve been told that third shift uses it as a urinal.
62. ….good times….
Libturd – great song. My favorite verse:
Now my advice for those who die
Declare the pennies on your eyes
‘Cause I’m the taxman, yeah, I’m the taxman
And you’re working for no one but me
Ben, not picking on you, but $20k is not much if you really believe in your product. Look at all the parents pouring thousands into sports so their kids can have a slim chance to make it to the pros after 15 years. Break even after 3 years is great.
It would be a side gig and ain’t worth my time. I make $100 an hour tutoring. The red tape is just a hassle I don’t need to deal with. If there was no red tape, I’d be more inclined to do it. It’s just a small example of red tape preventing people from going into business for themselves. The red tape is much larger for other industries.
This athletic scholarship investing thing is really a huge waste of money. Of all of the kids I’ve c0ached as well as those that have played on any of my older son’s teams (and he plays on four travel teams), I can only think of one at this point who might earn a free ride to a good school. Yet nearly every parent thinks their kids are the next big thing. They need to be told to stop dreaming. In hockey, Triple A, which really used to be reserved for maybe 20 kids in the entire state per grade level has morphed into this giant money grab where the talent is barely distinguishable from Double A and even strong Single A clubs. It used to be that your kid would play Triple A to continue his development through much greater travel to be able to play against like skilled competition. Now, every program is offering a Triple A team for any parent that can afford the $7,000+ yearly cost. Of course this does not cover travel and hotel costs. Sadly, a lot of these parents think they are helping their kids by putting them in these programs, when what they should be doing is having them play Single A against the same competition and putting the $4,000 saved yearly into their kid’s 529. Having a wicked slap shot ain’t gonna help you when you are flipping burgers at 18.
Won’t be flipping burgers at 18. Robots do that now.
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66. Funny really, i learned to skate at 3 and played Hockey until 14 when I simply tired of practicing on nice summer days….I was about 20 until I actually realized they ‘paid’ people to play hockey. I was 40 until I realized how well they paid them!
My wife and my Conversation with my daughter yesterday. But how COULD YOU UNDERSTAND?
You grew up IN THE SEVENTIES!
Having one graduated college athlete and one about to start college (moving in early for soccer preseason), I can assure all here that Stu is right.
The nature of competitive youth sports now only assures that all but the most motivated will probably lose interest and quit before HS graduation.
It’s hard watching scores of 17 and 18 y/o’s go through the motions on the pitch when mom and dad are paying 5-7K a year for “elite academy select” (not) training.
And, here’s how most college sports go for the average player:
1. find out you’re not good enough to even get on the field enough freshman year
2. work like a maniac to gain playing time sophomore year
3. sacrifice sleep and/or academic achievement on late practices and road trips
4. losing…lots of losing
5. injury
6. coming back from injury too soon
7. chronic injury
8. graduation and sudden slap in the face from the world and reality
9. for the “exceptional” and “talented” four-year starter, surgery to address chronic injury
The human body is not built to withstand four years of too-frequent games, compressed seasons and rigorous off-seasons that are part and parcel of any successful NCAA sports team.
If you don’t believe this, I’ll send you a photo of my daughter’s right foot.
woops, moderated