From the Star Ledger:
How long it takes to complete a foreclosure in N.J. by county
New Jersey continues to buck the national trends when it comes to the dubious housing market.
Recent data shows the average time for a homeowner to go through foreclosure has increased by 7 percent since last year, adding three months to the 2015 average.
…
The Garden State, however, still has one the highest foreclosure rates, second only to Delaware, with one in every 691 housing units having a foreclosure filing.In addition, it takes nearly three and a half years, or 1,262 days, to complete the foreclosure process in New Jersey, which is the longest foreclosure timeline in the country.
Virginia continues to post the shortest foreclosure period, at 196 days, in a state where properties are not required to go through a judicial foreclosure process. New Jersey foreclosures are required to go into the state’s court system, a process that takes on average about a year.
In Bergen County, the foreclosure process was the longest in the state, averaging 1,452 days, according to third quarter numbers. Hudson and Ocean followed with an average period of 1,408 and 1,396 days, respectively, to complete a filing.
The middle rich continues to hollow out. From Bloomberg:
Hamptons Home Prices Fall the Most Since 2013
Home prices in New York’s Hamptons fell the most in almost three years as buyers in the beachfront towns sought out less-expensive properties and shunned the middle of the market, priced from $1 million to $5 million.
Homes in the area, a second-home mecca favored by Wall Street executives, sold for a median of $825,000 in the third quarter, down 13 percent from a year earlier, according to a report Thursday by appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate. It was the biggest annual decline since the fourth quarter of 2013.
Buyers in the towns and hamlets on Long Island’s South Fork are setting their sights lower as yearly bonuses for New York City’s financial employees — the lifeblood of the Hamptons market — are poised to disappoint in 2016. Incentive pay at hedge funds may fall 5 percent to 15 percent this year because of lackluster returns, while bonuses for fixed-income sales and trading may fall 10 to 15 percent, according to an August report by compensation consultant Johnson Associates Inc.
“Wall Street is not having a banner year and I don’t think there’s an expectation that compensation for this year will be higher than last year,” Jonathan Miller, president of Miller Samuel, said in an interview. “I do think there’s just a little bit more caution.”
Purchases of Hamptons homes priced at less than $1 million jumped 22 percent from a year earlier to 306 deals, according to the report. Properties in that tier accounted for 59 percent of all Hamptons deals in the quarter, the biggest share since the end of 2013.
Sales of homes priced at $1 million to $5 million, what Miller called the middle of the market, fell 24 percent to 171. There was some pickup on the high end, with 40 transactions for more than $5 million, up from 31 a year earlier.
Funny I found this on bloomberg too. Don’t know how to cut and paste into here so you get the entire list which is long. First chart is interesting.
http://www.bloomberg.com/news/articles/2016-10-27/these-are-the-charts-that-scare-wall-street
A real Man of the People, the Comrade Mayor is.
http://nypost.com/2016/10/26/de-blasios-helicopter-shut-down-a-little-league-game/
From last night’s MTR discussion. That smoked coconut club is really one of the best sandwiches ever. I’d put it up there in my top 5 foods. Don’t knock it if you haven’t had it. I used to laugh at my non-vegan brother who used to order it and be fascinated by how good it was. Then I ordered it and holy sh1t is it good. It’s like the first time you have a really good bánh mì. It blows your mind.
https://youtu.be/WZnsekJFc8M
Thank you Obama. Look at the impact of the ACA. It’s kind of like the argument I was making yesterday about the government meddling with housing loans, or college loans. When the medical industry couldn’t get top dollar to treat lots of people with preexisting conditions or without healthcare at all, they simply couldn’t charge as much. Now that those who couldn’t afford it now can, and the cost to treat is pretty much unlimited now that it’s being covered by all of us. Might as well run those extra tests, just to be careful. And I’m not even sure single payer would fix this issue. Stopping the medical lobbyists might, but good luck with that. We can’t even stop the drug makers from advertising new expensive products on TV that cater to less than 1% of the population. It’s the purple pill. Ask your doctor if it’s right for you.
http://tinyurl.com/gwj77fr
dude … you harshed on this place a few years ago when I was giving it props…..ya’ fair weather fcuk!
SteamTurd the bourgeois drone, supportor of the canklephate and hyper about incarcenation says:
October 27, 2016 at 10:16 am
From last night’s MTR discussion. That smoked coconut club is really one of the best sandwiches ever. I’d put it up there in my top 5 foods. Don’t knock it if you haven’t had it. I used to laugh at my non-vegan brother who used to order it and be fascinated by how good it was. Then I ordered it and holy sh1t is it good. It’s like the first time you have a really good bánh mì. It blows your mind.
https://youtu.be/WZnsekJFc8M
Safe for work.
http://tinyurl.com/hungry-bitchez
I’ve had just about every sandwich in Philly and typically prefer 3 servings of meat a day. The best sandwich is the Veggie Hoagie from the Old Chickies Italian Deli (now Antonios). Roasted Eggplant, Marinated Peppers, Broccoli Rabe, and Sharpe Provolone.
So let’s see, if you save your $3,000 mortgage payment (instead of paying it to the bank) on your fully leveraged Ridgewood house for 4 years, that will leave you with $190,000 walking around money when the bank takes the property back. If your youngest college-bound kid is just beginning HS today that might be a good deal. Better yet, buy $6K of shiny with that money every two months and make sure you are unemployed when Graydon graduates and he might go to college for free while you decide where you want to retire to.
Chelsea talks money, money, money:
https://wikileaks.org/podesta-emails/emailid/12401
MSNBC interviews Black voters waiting in line to vote in SC
https://m.youtube.com/watch?feature=youtu.be&v=GnQle80QfEk
Whoops, that didn’t go the way he hoped…
Meanwhile, Clinton reaches out to minorities…
http://www.thegatewaypundit.com/2016/10/good-grief-hillary-tells-black-radio-host-appreciates-rap-music-tells-hispanic-host-loves-mexican-food/
Ben…Will try it this week. They don’t deliver to the hospital, but I’ll pick it up perhaps on my way in on Friday if I somehow get there before 4pm. Sounds good.
X,
Though that leak isn’t terribly implicating, it does show that like father, like daughter trait runs strong. It does read an awful lot like “It depends upon what the meaning of the word ‘is’ is.”
“Since 2001, President Clinton’s business arrangements have yielded more than $30 million for him personally, with $66 million to be paid out over the next nine years should he choose to continue with the current engagements,” the memo reads.
http://nypost.com/2016/10/27/clinton-cronies-steered-millions-to-foundation-and-bills-wallet/
http://www.bloomberg.com/graphics/2016-saving-social-security/
“History was made today in Columbus, Ohio when more than 3 million Amish poured into the city to see the American Amish Brotherhood (AAB), an organization which acts as an informal governing body for the Amish community, endorse Donald Trump for president. That number represents a significant portion of the total Amish population, which the United States Census Bureau says numbers more than 20 million men and women nationwide all pledging their vote to Trump for President. With the full force of the Amish community behind him, Donald Trump is now mathematically guaranteed to win the presidency in November.”
http://abcnews.com.co/amish-america-commit-vote-donald-trump-mathematically-guaranteeing-presidential-victory/
Fake website, dude. All satire.
Rats!
https://finance.yahoo.com/news/relief-from-soaring-home-prices-isnt-coming-anytime-soon-174136415.html
They got me….damn it! Man, they should get sued for playing it off like they are abc. As much as technology has made a lot of good information available, it has now been saturated with a ton of misinformation. Humans doing what they do best, corrupting anything they touch.
Anyone ever consider the impact new housing and old housing has on the avg price in a location? Northeast, esp northern nj, the avg price is based on a lot of older run down homes. The “flavor of the week” locations in other parts of the country are based predominately on “new housing” prices in their avg sale price. If nj was based predominately on new housing prices, how much higher would the avg price be right now in this area?
And thanks for the share. Tend to agree with this article.
Mike says:
October 27, 2016 at 2:26 pm
https://finance.yahoo.com/news/relief-from-soaring-home-prices-isnt-coming-anytime-soon-174136415.html
Of course you tend to agree with the article pumpkin I mean lost.
There are less than 40 million Nubian princes and princesses in America. How can their be 20 million Amish? Lost is right.
Ben, feel free to use this epic burn (which you probably already know).
Student: “I don’t deserve an F you f$$king pr1ck!”
Professor: “I know, but it’s as low as I can give you.”
Google says somewhere between 250k to 300k Amish in USA.
What about the undocumented Amish?
no philly sandwich discussion is complete without the Whiskey King from Village Whiskey
And a side of duck fat fries
Apple knocks it out of the park again with the new Macbook Pro and the new focus on accessibility for differently abled folks.
3B,
LOST is not Pumpkin. Completely different writing style.
See, in a dystopian future where twitiot and footrest thought police control, I’ll already be properly addressed as “comrade.”
http://www.foxnews.com/us/2016/10/27/univ-northern-colorado-students-forced-to-use-mandatory-gender-neutral-language.html
4:29 … and here i just wanted a USB port.
Anybody know anything or have advice on heated towel racks?
You’ll never use it.
If you do install one, go with Runtal – and use the hydronic so it doubles as the heater for the bathroom (no baseboard), plumb it as a standalone zone. If you are going radiant, don’t bother, just drop your towels on the floor to warm.
Liking what some of the guys are doing now with running the radiant floor loops up the walls into the shower to keep the shower toasty warm in the winter (when the water isn’t running).
Just more to break.
Grim I think we will use it. Thanks for the info will check it out. Any thoughts on tin ceilings? Do they come in sheets or just tiles?
I’ve never seen sheet, I would imagine it would be very difficult to work with, as it could crease during installation and easily be ruined.
The new stuff is just stick-on or glue-up panels.
Grim thanks makes sense regarding your comments on sheet vs tiles.
Ah I see the good stuff requires plywood backer and gets nailed up, that looks like a massive pain in the ass.
3b says:
October 27, 2016 at 4:01 pm
Google says somewhere between 250k to 300k Amish in USA.
https://www.youtube.com/watch?v=lOfZLb33uCg
You know. I guessed it would be Amish Paradise before I clicked it. Mainly because I couldn’t think of anything Depeche Mode sang that was Amish related.
I don’t usually care to drink Yuengling, but I may have to buy some just on principle to counter the Screaming Leftist Garbage Babies latest two-minutes’ hate target.
I strongly suspect that Yuengling will find the SLGB aren’t much of beer drinkers (preferring hot cocoa — http://politi.co/2eXABTm); and even if they are beer drinkers he strongly prefer hipster brands like PBR. In any case, they usually don’t have much money to spend, since protesting takes up time they could be working.
Yuengling isn’t objectionable if it’s cold and you are mowing the lawn. It’s basically a slightly watered down Bud Light. I used to have it sometimes on tap in Western NJ at lunch and it’s been available only for about two years here in Massachussets, quite cheap at $16.99 for a case of 24. It’s OK, but I find I don’t buy it for a few months after I buy a case. My new go-to is Sam Adams IPA variety 12-pack for $13.99, “pack of rebels” that has 4 different IPAs (at different alcohol levels, one at 7.5%, another at 8.5%). I usually hate any mix of fruit flavors and beer, but I actually like the Grapefruit IPA.
Pack of Rebels:
http://mybeerbuzz.blogspot.com/2016/02/sam-adams-releases-rebel-grapefruit-ipa.html