From 24/7 Wall Street:
October Foreclosure Inventories Highest New York, New Jersey, Hawaii
In the month of October, 30,000 U.S. home foreclosures were completed, down 3.6% month over month and down 24.9% from a total of 40,000 in October 2015, according to CoreLogic. The research firm notes that the current foreclosure inventory totals 0.8% of all homes with a mortgage in the United States, down 0.4 points compared with October of last year.
The number of U.S. homes currently in some stage of foreclosure totals approximately 328,000, compared with 479,000 in October 2015. That represents a decline in the national foreclosure inventory of 31.5% compared with October a year ago.
The four states and the District of Columbia with the largest foreclosed inventory as a percentage of mortgaged properties are New Jersey (2.8%), New York (2.7%), Hawaii (1.7%), Maine (1.7%) and D.C. (1.6%). The five states with the lowest inventories of foreclosed properties are Arizona (0.3%), Colorado (0.3%), Michigan (0.3%), Minnesota (0.3%) and Utah (0.3%).
The five states with the highest number of completed foreclosures in the past 12 months were Florida (51,000), Michigan (29,000), Texas (26,000), Ohio (23,000) and Georgia (20,000). The five states with the fewest foreclosures in the prior 12 months through October were District of Columbia (212), North Dakota (278), West Virginia (407), Alaska (622) and Montana (660).
…
Of the 10 largest U.S. metro areas, the foreclosure inventory was highest in the New York area, at 2.5%. The Miami metro area’s foreclosure inventory totaled 2.1%, with the Las Vegas metro and Chicago at 1.2%. The lowest totals were posted in the San Francisco (0.1%) area and in Denver (0.2%).A total of 21 states posted year-over-year declines of more than 30% in foreclosure inventory for the month of October. Florida’s foreclosure inventory has fallen 41.4% in the past 12 months and Washington’s has dropped by 40.3%.
According to CoreLogic, the current foreclosure rate of 0.8% is the same as the June 2007 rate, and the foreclosure inventory has declined every month for the past 60 months. Before the collapse in the housing market in 2007, the average number of foreclosures completed in a month was 21,000.
Looks like NY will take the foreclosure inventory lead either next month, or the month after.
Looks like resolutions in NJ are starting to move forward at a pretty strong clip, with a year over year reduction of 36.7%. This is compared to NY who only managed a 27.4% reduction. In terms of absolute numbers, this is 15,764 in NJ in the past year compared to 13,871 in NY.
NY and NJ are so far off the norm that they are now both standing out like a sore thumb. The national rate is 0.8%, and the nearest markets are Hawaii and Maine both with a 1.7% rate, a whole point lower.
Does CNBC read the blog?
How rising mortgage rates may not matter for housing
Mortgage rates are now sitting solidly at the highest level in two years and could move even higher in the coming weeks.
Granted, December is not exactly the hottest season for the housing market — homes don’t top the holiday gift list — but in January, all eyes move to the all-important spring season. This, coming after the Federal Reserve’s expected rate increase on Wednesday.
Even before a Fed move, the average rate on the popular 30-year fixed mortgage shot up from record lows immediately after the presidential election, as investors piled into the stock market and sold out of the bond market [mortgage rates loosely follow the yield of the U.S. 10-year Treasury].
They then continued to move slowly higher, with the resulting move going from about 3.5 percent to now 4.25 percent. The last time rates moved by that much, in June 2013, home sales suffered and house price gains dropped by half.
…
This time around, however, there is great debate over whether rising rates really matter to housing. After all, increasing rates are indicative of a stronger economy, and a stronger economy favors housing.
…
“If interest rates are rising because the economy is growing more rapidly, then, typically, incomes also rise, and the rise in incomes offset the increase in the size of the mortgage payment, and housing goes just fine,” said Doug Duncan, chief economist at Fannie Mae, in a recent interview with National Mortgage News.
Income growth is surely a driving factor for homeownership, but buying a home is the most emotional purchase a consumer can make. While a majority of current and prospective homeowners view the U.S. real estate market favorably, there is greater concern about how an increase in the Fed’s benchmark interest rate, expected to be announced Wednesday, will hit housing affordability.
A report released Tuesday by Berkshire Hathaway HomeServices, a real estate brokerage, found 76 percent of current homeowners and 79 percent of prospective homeowners cite increasing interest rates as a challenge impacting today’s housing market; those are 16 and 8 percentage-point jumps, respectively, from the same time last year — just before the central bank raised its benchmark rate for the first time in nearly a decade.
…
Real estate experts at Redfin, another real estate brokerage, predict that rates will not move that much higher in 2017, in fact no higher than 4.3 percent on the 30-year fixed. They also expect that access to credit will be easier:
“In 2016, large financial institutions such as Bank of America, JPMorgan, Wells Fargo and Quicken all introduced mortgages requiring as little as 1 percent to 3 percent down. We expect increases in the availability of low down payment mortgages to draw more millennial buyers into the housing market,” said Nela Richardson, chief economist at Redfin.
Researchers at Zillow, a property listing and analytics company, surveyed consumer housing trends and found that buying a home is less tied to current mortgage rates and more closely linked to a consumer’s financial well-being. Life events, such as job changes, promotions or change in the number of people in the household are the precipitating factors for a purchase.
“While those looking to buy a home are understandably concerned about the path of rates ahead, it’s important to remember that borrowing costs remain exceptionally low by historical standards,” said Erin Lantz, vice president of mortgages at Zillow.
“Rising rates may impact the location or size of the home they hope to purchase, but buyers that are fully committed to buying a home are unlikely to be swayed by the FOMC’s [Federal Open Market Committee] decision to raise rates.”
…
The greatest barrier to a robust spring housing market next year is not, however, higher mortgage rates — it is lack of supply.
Listings dropped throughout 2016 compared with 2015 and show no signs of improving. While there are some signs of home price gains easing, especially in California, one of the nation’s largest and priciest housing markets, sales cannot increase if there aren’t more homes to buy. Homebuilders are still operating at well below historical norms, and while they increase production little by little, it is not nearly enough. Sellers are also staying put.
“We’ve seen housing tenure increase the past few years, and turnover is low relative to historical averages,” said Richardson of Redfin. “The typical homeowner stays in their home twice as long as they did 15 years ago. An increase in rates will serve to strengthen this trend towards longer tenure and lock homeowners into their low-rate mortgages.”
From Reuters:
Manhattan apartment sales prices top $2 million for first time: Survey
The average sales price of an apartment in Manhattan is expected to top $2 million this year for the first time, but prices are seen leveling off in 2017 after nearly doubling over the past decade.
Prices were pushed higher by a jump in sales of condominiums valued at $10 million or more, which skewed results, CityRealty, a real estate listings and data website for New York City, said on Wednesday.
The opening of 432 Park Avenue, a 96-story tower marketed by developers as the tallest residential building in the Americas, had an outsized effect on prices, said CityRealty research director Gabby Warshawer.
Fifty-two of the 75 units sold at the tower overlooking Central Park fetched more than $10 million, she said. Some units are priced at more than $40 million.
An increase in new developments and a rise in the price of existing units also lifted the market, Warshawer said.
Prices have climbed every year since 2011 but are expected to flatline next year. A lack of expensive, large new buildings will act to keep prices in check in 2017, CityRealty said.
…
The average co-op and condo price in Manhattan excluding Harlem and nearby areas rose to $2.2 million in 2016 from a record $1.9 million the year before, CityRealty estimated. For all of Manhattan, the average sales price was $2.1 million.
A condo is owned directly, but the buyer of a co-op obtains shares in a corporation that owns the building.
The median price for apartments, or the middle of all sales considered, also set a record at $1.2 million, up from $1.1 million last year, in the area examined.
A decade ago, the price of new condo units was almost the same as existing ones, but prices at new developments since 2008 have outpaced those of existing ones.
The average price for an apartment in the area of Manhattan examined was 91 percent higher than in 2006, CityRealty said.
frist non-grim.
Foreclosure in Morris County. Ginormous Bi-Level anyone?
http://www.zillow.com/homedetails/21-Sunnyhill-Rd-Dover-NJ-07801/39494335_zpid/
The End Is Nigh (Willy Wonka Edition):
A Russian confectionery plant worker was killed when she fell into a giant mixer filled with molten chocolate.
Svetlana Roslina, 24, a mother of two who works at the plant in Fedortsovo near Moscow, suffered a gruesome end when she tumbled into the sweet mix, the Daily Mail reported.
“She was minced, only her legs were left,” said a source at the Sergiev-Posad plant.
It was unclear how she ended up in the death trap.
According to one account, she tumbled into the tank while trying to retrieve her cellphone.
Another version is that she fell inside while pouring ingredients into the mixer.
“The girl was dragged in when she was trying to empty a sack,” another local source said.
The investigation into her death continues.
Dover? Eh.
I was under the impression that Dover was foreclosure central in Morris County – as a result of all the hispanic/latino affinity mortgage fraud.
The place has potential. There’s no backyard….just a woody hill behind the house. The perfect place to construct a range so that you can sight in your rifle from the second story.
“Real estate experts at Redfin, another real estate brokerage, predict that rates will not move that much higher in 2017, in fact no higher than 4.3 percent on the 30-year fixed. They also expect that access to credit will be easier:”
So with minimal down payment and access to credit easier, won’t home prices accelerate (assuming loan to income ratios acceptable) and are these mortgages non-recourse i.e. – if home owner has financial trouble they walk away just like the last housing debacle?
Regarding yesterdays comments about refi dropping 50%+ with the jump in rates – can someone explain to me how a modest increase in rates means half of the refi candidates go away – I am thinking if the small pop in rates drives them out of the refi market they probably should have never been in it in the first place.
If anyone is interested, we are starting to bottle our first year old product. We’ll have bourbon for sale this weekend if anyone wants to pick up some for a holiday gift.
Drop me a line and let me know, first batch is essentially limited to friends+family. You’ll need to pick up in person.
http://www.dailymail.co.uk/news/article-4031186/IBM-unveils-plan-hire-25-000-US-eve-Trump-meeting.html
IBM to hire 25,000 more workers in the US in the next four years and invest $1billion in employee development, tech boss vows ahead of Trump meeting
Slight of hand.
Hire the workers, or create the jobs?
Otherwise, you are just accounting for what you would typically hire for every year, just to cover attrition.
With 100,000 positions in the US, they probably hire 10-20,000 annually anyway (1-2% a monthly attrition).
IBM to hire 25,000 more workers in the US in the next four years and invest $1billion in employee development, tech boss vows ahead of Trump meeting.
Trump creates jobs, Oblammy creates racial division. The contrast in the energy level and Trump’s optimism vs. ‘Blama’s pessimism is drastic. Don’t you agree Otto, puzzy and Free?
Any thoughts on the Apple Watch. My wife expressed interest in it. You run out of ideas for x mas over the years.
Gator wants one too. The bands are extremely overpriced. I’ve heard from most that the big advantage is that when your phone beeps with a notification, you need not take it out of your pocket to discover you just got offered 12 million dollar from an African Prince.
In the words of Trump….this is going to be HUGE. Enjoy the ride.
“The big question facing Yellen will probably be how the committee views the impact of Trump’s plan for the economy, which entails as much as $1 trillion in infrastructure spending, tax cuts and deregulation. Reporters are likely to press her on the matter during the press conference, especially after New York Fed President William Dudley said last week that expansive fiscal policy could prompt a faster pace of monetary tightening.
“This year we have the promise of fiscal stimulus — something that the Federal Reserve has been clamoring for,” said Anthony Chan, chief economist at JPMorgan Chase & Co.’s private wealth management unit in New York. “With an economy that is running hot — granted, the Fed chair has talked about letting the economy run a little hotter — if that continues, then you are going to see the Federal Reserve having to do a little bit more” hiking than they may have thought, he said.”
https://www.bloomberg.com/news/articles/2016-12-12/yellen-outlook-blurred-by-trump-fiscal-plans-decision-day-guide
Fast Eddie says:
December 14, 2016 at 10:55 am
IBM to hire 25,000 more workers in the US in the next four years and invest $1billion in employee development, tech boss vows ahead of Trump meeting.
Trump creates jobs, Oblammy creates racial division. The contrast in the energy level and Trump’s optimism vs. ‘Blama’s pessimism is drastic. Don’t you agree Otto, puzzy and Free?
10:55 the GOP won – but the divisions are just getting started.
They really do need to eliminate cash. Eliminating cash will help the economy. The data you use will actually be real instead of trying to account for the underground economy. Hell, if you eliminate cash, you can actually give a big tax break to the people that were actually following the law. The tax break will come from all the new tax revenue that was hidden.
https://www.bloomberg.com/news/articles/2016-12-14/forget-bitcoin-and-mobile-pay-cash-is-still-king-of-the-world
move to New Jersey and your cash will be eliminated…
see that was easy.
It’s actually Rockaway Township, it just has a Dover zip code. Despite it’s size, RT has never had their own delivery post office*, all residents having either a Dover (07801) or Rockaway Borough (07866) mailing address, but they are 3 different towns with 3 different school systems.
*There is a small 1 man satellite post office within RT in Hibernia (that even closes for lunch).
http://www.nj.com/morris/index.ssf/2013/01/residents_angry_at_rockaway_po.html
Dover? Eh.
I was under the impression that Dover was foreclosure central in Morris County – as a result of all the hispanic/latino affinity mortgage fraud.
10:55 the GOP won – but the divisions are just getting started.
Unlike the last eight years of utter bliss. Right?
12:53 – Obama governed like a moderate republican — Trump? Buckle-up…..
The End Is Nigh (FlabMax Edition):
http://nypost.com/2016/12/14/michigan-recount-reveals-error-but-not-the-one-jill-stein-wanted/
We just going to repost two day old Drudge Headlines?
Essex – That’s why Pumps wants his taxes to go up, up, up. He wants to eliminate his cash. Probably also why he
“invests”throws his money away on penny stocks and lottery tickets. He has a diversified personal cash elimination plan.Hahahahahahahaha
move to New Jersey and your cash will be eliminated…
see that was easy.
Obama governed like a moderate republican
LMAO!! Sure.
House in Dover/Rockaway would be a great deal if it could be rented out as 4 separate units..
here is a video of Pumpty giving a talk…
https://www.youtube.com/watch?v=Jj02hvr9FJA
BTW, did anyone else find it peculiar that Pumps declared himself as a top 7% income earner in Bergen County? I wonder why he didn’t tell us how his income measures up in San Francisco or Orange County or some other place he doesn’t live?
Hahahahahaha
SPX down more than 0.5%? Is that allowed?
2:23 – bailout….largest wealth transfer in the history of the world from the taxpayers to the Banks. EZ Terms…
No bailout for the homeowner.
eddie i don’t often say this but you really are stupid aren’t you?
2:26 that’s hilarious ChiF-g you endless stream of excrement.
Fed rate increases expected for 2017: 3
That’s one less than this year, right? (expected increases, that is). I wonder how many raises they’ll forecast for 2018 this time next year when they do their next one and done?
Nice to see the Dems attacking Trump on his international hotel in DC. That $300 a night the prime minister of Japan is spending, I’m sure will buy nearly as much influence as the millions and millions and millions that foreign dignitaries paid into the Clinton Foundation to buy favor. Such as to purchase Uranium or to not reveal hidden Swiss bank accounts. Heck, Putin could probably buy the hotel from Trump and it wouldn’t come close to what UBS alone paid Hillary for favor. My how the positions have flipped. When are you all going to get that they are all the same? Forget crooked Hillary. Just call it a crooked occupation. Now, don’t forget to send in your donations to the DNC and RNP now! Ya hear?
Jewelry isn’t the only thing Ivanka Trump is hawking. According to city records, the soon-to-be First Daughter has listed an apartment at 502 Park Avenue (a Trump building) for $4.1 million.
Trump purchased the condo in 2004 for $1.5 million, and listed it for a day in 2011. She later transferred it to an LLC that she controls in 2015. The 1,549-square-foot apartment has two bedrooms, two bathrooms, a corner living and dining room and a chef’s kitchen.
The listing notes that the unit is a sponsor unit (meaning that it is being sold directly by the developer)
2:43 The democrats are dead or MIA for the foreseeable future. Smart money is on Bomb Shelters.
Since when us Wayne in Bergen co. Just saying.
They really do need to eliminate cash. Eliminating cash will help the economy.
Yeah, I’m sure making sure every small business pays more tax is going to help them out.
…largest wealth transfer in the history of the world from the taxpayers to the Banks.
How do you think I increased my net worth substantially? Umm… who’s the stupid one? [drops mic]
If I used Passaic county data, I would have to listen to expat belittle me due to the “Passaic County” stereotypes he loves to throw at me. That county handle gets me a much cheaper house than the “it” counties. Wayne is almost no different than the towns in the “it” county. In fact, not many towns have an 89% Caucasian rate like Wayne. Call me racist, but that number is a beautiful thing. So I’ll take the town that still has good values and has some money, but not enough money to turn you into a pretentious a$$hole.
3b says:
December 14, 2016 at 3:38 pm
Since when us Wayne in Bergen co. Just saying.
Lmao…you are the man!
“Now, don’t forget to send in your donations to the DNC and RNP now! Ya hear?”
4:00 only an idiot brags about a government handout. A chowderhead like you complains about ‘Obama Phones’ —
4:09 Stfu
All the Debbie downers, have a field day with this.
Just remember, this is the definition of cherry picking data to make it seem like the sky is falling.
http://patch.com/new-jersey/wayne/s/fz259/these-n-j-towns-home-values-dropping-like-a-rock-are-yours?utm_source=alert-breakingnews&utm_medium=email&utm_term=real%20estate&utm_campaign=alert
Lib is funny. Why the hostility? He’s making a great point and at the same time doing it in a humorous way.
Essex says:
December 14, 2016 at 4:10 pm
4:09 Stfu
4:15 ur retarded.
4:00 only an idiot brags about a government handout.
LOL! Government handouts? I don’t qualify. Nor do I qualify for a ‘Bama phone even if I wanted one.
I’m expected better from you. You are usually polite.
Listen, they can rag on me all they want on here, doesn’t mean I’m going to do it to them. Just not that kind of person.
Essex says:
December 14, 2016 at 4:17 pm
4:15 ur retarded.
You know what’s funny, I’m constantly called the village idiot, yet once again, I’m proven right. How many times have I been told that rising interest rates will result in lower prices? How many times have I been called an idiot for responding that rising rates will not result in lower prices? Guess that article posted earlier must have been written by an idiot, they are seeing the same factors at play as the pumpkin.
If we were at the top of the business cycle (boom period), I would def agree that the rising rates will eat into the price. Too bad we are at the beginning stages of what looks like to be an epic boom period that might go to 2030 or more. Obviously, there will be tiny recessions mixed in, but those will be pure buying opportunities as the economy takes a breath in order to expand.
There is no right or wrong….It’s simple circumstance. You are either in a good situation or you are not.
4;19 woooooosh I can see my logic, what little I have flew right over your head.
Lost Wayne looks pretty red in the . Wayne is a nice town but Bergen Co it isn’t, it is far more economically mixed than your premium Bergen towns. It isn’t really the same market as Ridgewood, Glen Rock, Franklin Lakes, Wyckoff, Saddle River, Alpine, et al. Also as compared to those towns the taxes are higher. Wayne is probably the best town in Passaic county, which has nothing on Bergen, Morris, or Essex county with regards to well off towns.
What little you have is right!
Lost seriously ? You are proven right? Rates have just started to rise and yet you are declaring victory prices won’t go down when rates rise cause pumpkin and an article say do. Let’s see what happens if and when rates get to 5 and north. Then you can claim victory of warranted and I believe it won’t be. Can’t believe how one person can have such tunnel vision based on the simple mundane fact that they own a house. And as for mini recessions and blah blah seriously you are talking out of your Behind again just rambling and ranting all because of a house in Wayne n J.
Biggest govt handout is not bomma phones.
Biggest government handout is Medicare….
5:27 Privatization just in time for Next XMas
Wayne is almost no different than the towns in the “it” county
Maybe change the name to “Pretend Ridgewood”?
If Wayne was a blue-ribbony town all the children have mothers at home, not busting their ass in an office job, with their kid(s) stashed in daycare.
My wife claims that Glen Rock elementary schools had no such thing as a cafeteria. Every child walked home for hot, nutritious, lunches that their mother prepared for them with perfectly styled hair, makeup, and in a stylish dress with a clean apron worn over the top. The children then walked back to school to complete the day’s studies while Mom fu.cked the Fuller Brush man.
Pumps gets up every day, brushes his face, washes his teeth, ready to speak low intellectual power to truth. It’s what he does.
Lyrics
I left alone my mind was blank
I needed time to think to get the memories from my mind
What did I see can I believe that what I saw
That night was real and not just fantasy
Just what I saw in my old dreams were they
Reflections of my warped mind staring back at me
Cause in my dreams it’s always there the evil face that twists my mind
And brings me to despair
Was all this for real or some kind of hell
666 the number of the Beast
Hell and fire was spawned to be released
Torches blazed and sacred chants were praised
As they start to cry hands held to the sky
In the night the fires burning bright
The ritual has begun Satan’s work is done
666 the number of the Beast
Sacrifice is going on tonight
This can’t go on I must inform the law….
Waynekoff
One of the few towns in NNJ who are actively growing commercial and industrial ratables, not to mention two major retail corridors. I bought in Wayne because they were one of the few towns who were not actively attempting to eliminate industrial properties and replace them with residential. Wayne has got a solid book of nonresidential revenue and is working hard to grow it.
New FedEx regional hub, Driscoll foods moving from Clifton and taking over the Bayer site, Carmax on 23, redevelopment of west belt mall -Dicks and Costco and the others – a number of new projects on 23 – plus redevelopment of Wayne Hills mall area, new hotel last year, another new one on 46 being built. Second Trader Joe’s on 23. Dave and Busters with the Sears redevelopment at Willowbrook.
Flood areas still being actively razed, with new funding in the works to remove even more flood properties and return the wetlands (reducing the flood stigma).
Grim no insult meant to Wayne on my part. I think it’s great that Wayne has a diversified tax base. More towns should be working to attract a diversified tax base instead of turning their noses up at it. I was just bustling pumps butt.
Not disagreeing with anything you state here. That’s why I like Wayne. Still have the down to earth people with good values living here. That’s why I mentioned pretentious in my earlier post in reference to the upper tier towns. I’m not really trying to socialize with those type of people. Montville, pompton plains, and Wayne type crowd is where I fit in.
jcer says:
December 14, 2016 at 5:01 pm
Lost Wayne looks pretty red in the . Wayne is a nice town but Bergen Co it isn’t, it is far more economically mixed than your premium Bergen towns. It isn’t really the same market as Ridgewood, Glen Rock, Franklin Lakes, Wyckoff, Saddle River, Alpine, et al. Also as compared to those towns the taxes are higher. Wayne is probably the best town in Passaic county, which has nothing on Bergen, Morris, or Essex county with regards to well off towns.
And Wayne taxes are in pretty much in line with all the other towns now. Wasn’t the case when I bought.
And can’t say it enough….Wayne is a great value. Once the flood zone is taken care of, there should be a huge boost to Wayne test scores, and at the same time less demand for expensive educational services that come with the flood zone. Throw in the improvement in travel time after 46/3 is completed. Good time to buy in Wayne based on what’s happening. But here we go, I’m just cheerleading because I own in Wayne.
Plus two stops on the Montclair Boonton line. If midtown direct trains extend out the line – they’ll be from Wayne.
Hmmm…., I wonder if there isn’t some mismanagement of funds in Wayne with all those ratables. It doesn’t seem like the taxes in Wayne are discounted to any degree compared to similar town with few ratables (a bedroom community).
I grew up in Rockaway Township which had nothing but houses, churches and schools. No downtown, no post office, for a long time no library. Then I went away to college and came back after my freshman year and we suddenly had a mall. Still no post office or downtown. I’m not sure I ever heard anyone in NJ claim that their RE taxes were lower because of ratables, though they certainly should be. In Boston our taxes are ridiculously low and you get about $1600 taken off the top if you owner-occupy. The tax subsidy is flat across the board. There are some people who own studio apartments where the RE tax is less than the subsidy = no real estate taxes due.
It’s so affordable you have money left over to buy stock at 0.0017 cents per share. And so convenient when you have a highway at the end of your driveway.
And can’t say it enough….Wayne is a great value. Once the flood zone is taken care of, there should be a huge boost to Wayne test scores, and at the same time less demand for expensive educational services that come with the flood zone. Throw in the improvement in travel time after 46/3 is completed. Good time to buy in Wayne based on what’s happening. But here we go, I’m just cheerleading because I own in Wayne.
Someone needs to pay for Paterson.
There are no longer tax havens in NNJ.
All the secrets are gone, especially the ones in Morris who were absolute bargains.
Lost what special educational services are needed because of the flood zone? And no you are just a cheer leader because you own . Being in Wayne has nothing to do with it.
My experience is that the wealthy take much more advantage of special education than the economically. In fact, in very wealthy districts, it’s not uncommon for a good percentage of the top students to have special education accommodations.
*than the economically disadvantaged
I’ve seen foreign Diplomats set up to live next door(literally!) to Boston Public Schools just so they could have their inbred offspring receive services for 8 hours a day.
My experience is that the wealthy take much more advantage of special education than the economically. In fact, in very wealthy districts, it’s not uncommon for a good percentage of the top students to have special education accommodations.
I still kind of like “Waynekoff”. Another possibility would be “Cluster”. Crasskill? Asspine? ImSoNotFromCliftonville?
The best thing about Wayne? The Fountains.
I thought you were going to say Wayne Newton.