From Bloomberg:
Foreclosures Dry Up and a Hot Wall Street Trade Gets New Look
It was a rare lucrative business for Wall Street in the aftermath of the financial crisis: snapping up properties in foreclosure and renting them out. So good, in fact, that now, as the distressed pool dries up, some investors are refusing to let the rental-model fizzle. They’re building more and more of the houses themselves.
American Homes 4 Rent, a five-year-old real estate investment trust and the biggest of the publicly traded landlords by number of homes, is buying lots and houses around the U.S. Colony Starwood Homes plans to purchase at least 600 just-erected properties over the next year from more than a dozen builders. Privately held AHV Communities LLC is plotting whole neighborhoods for those who want — without the bother of ownership — single-family residences with some apartment-complex bells and whistles, such as fitness centers and bocce-ball courts. Residents don’t even have to mow their lawns.
The bet behind the build-to-rent boom is that there are enough people who dream of the detached-house life but can’t afford to buy into it. With tight mortgage standards and rising prices, and millennials putting off marriage and loaded up with student debt, that might not be a long shot.
As it is, the homeownership rate in the U.S. has been hovering for a while near a 51-year low, according to U.S. Census data, though that could be changing: The number of owner-occupied homes rose faster than the number of renting households for the first time since 2006 in the first three months of the year.
…
For the landlord companies, it typically costs more, of course, to purchase a freshly constructed property than it does to acquire and refurbish an already lived-in model. But they’re getting discounts from builders. They also have to put less into maintenance and repairs, especially early on.And a new single-family rental can command higher rent, 5 percent to 8 percent more than an older, renovated one, according to Alex Sifakis, president of based JWB Real Estate Capital, which has built about 450 rental homes in Jacksonville, Florida, since 2011.
American Homes 4 Rent, started by Public Storage founder B. Wayne Hughes, expects the new homes it’s having constructed will bring higher yields than the existing properties it buys, executives said on a call with analysts.
…
What the other REITs are doing is not only generating business for the building industry but getting them out of jams. “Some builders get a little bit of fatigue at the end of trying to close out an existing community, and they have maybe 10, 15, 20 remaining homes,” Colony Starwood Chief Financial Officer Arik Prawer said on a February conference call. By the same token, “some builders love to just get some momentum going in a new community, and like for us to buy a strip of homes upfront just to get it going.”Colony executives said this month that they have three communities in the works, where every home is a newly built rental, and eight more planned. The company is No. 2 in total returns among the largest single-family landlords this year through Friday.
Even Lennar Corp., the second-largest U.S. homebuilder, is in on the game. It created its own rental-only community in Sparks, Nevada, a Reno suburb, starting with about 80 homes in 2015. Now there are 225, with all but two occupied as of last month, according to the local leasing office.
Good Morning New Jersey
Kim Dot Com in cahoots with Seth Rich and Wikileaks? This can’t get any more bizarre.
Popcorn is popping away in preparation for the coming court room drama regarding the murder of Seth Rich and his connections to Wikileaks.
Limbaugh and Hannity really hyping the kim dot com thing. I suspect they’ll be disappointed and even embarassed by it.
@DavidFrum
As we mourn Manchester,
remember:
for a moment of ignorant boasting,
the president betrayed one of the West’s best sources inside ISIS.
This makes me livid. Moral case? What about the moral case of taking care of your workers by providing a decent wage and benefits so that the govt doesn’t have to subsidize their existence by going into debt. Go ahead and use “moral” arguments to defend your agenda of taking away someone’s right to a public education. You want to improve young people’s prospects, then give them access to jobs that can support a family, but you clearly don’t give a crap about them. If you did care, you wouldn’t be coming up with school vouchers as the answer.
“DeVos “laid out a moral case to dramatically transform American education — and improve young people’s prospects — by expanding school choice.” “
If you did care, you wouldn’t be coming up with school vouchers as the answer.
The idea of school vouchers is demonized for bad reasons. No one living in a top 20 school district is using vouchers to get their kid out. However, I’m sure that there would be plenty of students who are stuck in under-performing districts who would like the opportunity to go somewhere better. The opponents of vouchers are even more guilty of denying kids an opportunity to get a good education.
Great sign for America…..communities of all renters. God, they are just raping the middle and lower class. Pushing their standard of living down by robbing them blind any which way they can. From wages to housing, just getting robbed!
Blue, I’m sure if they created some good jobs as opposed to eliminating them, it would solve the education problem in those “failing” schools, but no one wants to talk about that. Just easier to blame the school and community.
I am getting robbed? Go fcuk yourself…..
The Great Pumpkin says:
May 23, 2017 at 8:26 am
Great sign for America…..communities of all renters. God, they are just raping the middle and lower class. Pushing their standard of living down by robbing them blind any which way they can. From wages to housing, just getting robbed!
If you have ever seen a selfish and unmotivated teacher destroy a student, you would STFU in an instant…..now imagine it rises to the administration level…..and the public is paying……shouldn’t the consumer have a choice?
I live in a town where I have evidence of teachers that come in hung over, scream at autistic kids as if they can control themselves……..my son would potentially have to tolerate some of these scum…..at least we can steer clear of the worst ones because there is choice among the grade…..imagine if they all sucked and the principal too?
You have no fcuking clue…..STFU
Steam…regarding your multi, Montclair market is strong. Multi market is very strong. I believe you can ride another year and see some appreciation. Beyond that is anyone’s guess. Real estate moves slowly. You will be able to see when it is time to bail.
I own and live in a multi. The value for me is that I bought it dirt cheap, fully renovated the house and my 2200 GLA, 4 bed, 3 bath unit with garage and central air costs me $600 a month PITI after rent from tenant. I have $100,000 of my own money into the property and an equivalent rental would cost me $3000 per month. Between my cheap cost of living and the $150,000 of equity I picked up on the purchase/renovation it is an unbeatable investment.
re: “selfish and unmotivated teacher destroy a student”
Lived it this year, the teacher had it in for my son (and others in the class).
Fortunately for us the teacher went LOA for the second semester, and the substitute is excellent. Wife ran into this teacher at the store, it seems the teacher does not know what is “physically” wrong and has since visited lots of Doctors while out on LOA. Claims some kind of unknown “physical” ailment. My opinion is a mid-life crisis head on collision with depression meds.
School admin completely covered for the teacher too…
“and the principal too”
Principal at my son’s school abruptly retired early-mid first semester. District scrambled and promoted a Vice Principal from another school.
Seems the Principal collided with infidelity, divorce alcohol, and depression.
Teachers are people too. I get it as long as you don’t take it out on my kid….
30-year,
I won’t deny the investment potential of my multi (in recently hot rental Montclair) and lately, I’ve doing a lot of renovating with the $1000 or a so a month it profits. I’m just sick of managing it all. It wasn’t so bad when it was my primary home. But now that I have to maintain close to 6,000 square feet of home, it’s tedious. What are you guys doing this weekend? I’ll be landscaping my multi. I could pay someone to do it, but they want $700 to trim a hedge which takes me two hours to do. When landscapers get paid like lawyers, I break out the garden tools. I’m sure you get it. Honestly, as I approach my fifties, I find myself calling the plumber, exterminator and electrician a lot more than I used to. It just sucks that they are all so damn expensive up by me. These guys would be bankrupt if their work area was in Paterson instead of in Montclair/Glen Ridge. There is truly a premium (probably double the cost) that is charged in our area. On Friday, the tenants claimed they tightened the bolts on their toilet, but it was still wobbling. I went over their with a knife, caulk, toilet shims, a level and some wrenches. Ended up just having to tighten the bolts. Had I called a plumber, would have been $200. Ended up only needing to tighten the nuts. But I nearly called a plumber.
Have some masonry work to do this Summer too. And have to file the top of the porch door where my painter recently put it on a little too thick.
Ahh the joys of ownership.
As for vouchers, the solution is simple. Make them available to those whose AGI is 100K or under. Problem solved.
Moana,
Replying to @davidfrum
Let’s also take a moment to discuss how cowardly it is to take a potshot at the president under the cover of the senseless death of children
“As we mourn Manchester,
remember:
for a moment of ignorant boasting,
the president betrayed one of the West’s best sources inside ISIS.”
Appalling how the Left politicizes tragedy recently.
First noticed it when Bammer gave a gun control pitch over dead kid bodies in CT.
re: Plumber – Yes joys of home ownership…
All my and downspouts and yard drains are tied into a drainage system buried into the yard that empties into the street. Some of it is the black corrugated drainage and other parts PVC.
Well the backyard patio drain and downspouts around my pool are now backing up, and it’s all downhill from there to the street. I ran water pressure into the drain with a hose and a cleaning bladder through it a few times. It improves water flow slightly. I may have a collapsed pipe or roots blocking it.
Well a Plumber with a camera and hydro jetting is going to cost a fortune. I am tempted to replumb the drain to flow down the driveway instead and save myself a grand and perhaps the need to start digging up patio and driveway!
Lib, typing at the same time.
Amazing…..
The left has become the right. I’m waiting for the progressives to question Trump’s birth place next.
And as called here, the first lady and family is moving to the White House. So much for those security estimates.
Foaming root killer first Juice.
Foaming root killer?
That sounds like the name of a band!
Lib, at least the conservative side seems more likely to stick by principles even if it means eating their own.
The hypocrisy of the Left is mind boggling. Don’t put yourself out as the ‘caring’ party and then be as callous as everyone else, or worse.
Kind of like when some of the SNL staff got busted on film for mocking the Fox anchor’s drooping lip. Yeah, we’re about the disabled until we don’t agree with them then we go all 9th grade on them privately. Or my personal fave, the deafening silence re: WJC and the intern.
I prefer my knife in the gut rather than the back.
Same issue I have with all these holier than thou evangelists, major hypocrites.
When I heard her say “Russian Wikileaks” my thoughts immediately went to pants suit on fire.
https://www.youtube.com/watch?v=4OKZLqSM-VM
LW,
I was discussing this with Gator briefly last night. During the O presidency, the Foxnews crazies would literally make up stories where none really existed and then would repeat them over and over and until they took a life of their own (i.e. the birther movement). They continued the strategy during the campaign to HRC. This strategy was definitely effective and most likely contributed to HRC’s distrust issues. Now that the tide has turned, the left appears to be employing the same strategy throwing everything including the kitchen sink at Trump to the point where Trump is made to appear to be an (what did Moana claim yesterday?) incoherent buffoon. The problem with this strategy is that left lost due to the HRC distrust issues. It did not lose due to Trump’s superior intelligence or even his ability to govern. Trump simply spoke his mind, while HRC ran surveys to determine what she thought people most likely wanted to hear. Trump continues to speak his mind and his popularity is really mainly down in blue states.
I’ve said this countless times. The left needs to get away from the failed strategy of running on social causes and get back to economics. Become a continuation of the Occupy movement and represent the protest vote. The millenials (a larger and larger voting block) demand it. They need to embrace Main Street, not Wall Street (Hillary and Obama failed terribly here). With that said, I expect them to run a George Soros type in 2020 to no avail.
Tell the fat chick to stop texting so vigorously while she’s dropping the kids off at the pool.
On Friday, the tenants claimed they tightened the bolts on their toilet, but it was still wobbling.
I thought all along that something was wrong with Obama’s birth certificate, but not what others were thinking. I think he was born in the US, but the father listed is either different or “unknown”.
The Democrats have the right future strategy, they just haven’t manufactured a big enough underclass yet to get the ball across the goal line. Now if white males were only allowed 3/5ths voting rights they would be all set.
@WSJ
Ex-CIA chief:
U.S. was aware of ‘contacts and interactions’
between Trump associates and Russian officials
Someone must have bought a can of pancake batter. NHMD is up 60% to a quarter of a penny on volume of 1.3 million ($8,370).
Started up to date cobweb throw
http://dating.advice.adultnet.in/?stage.kendal
gold coast adult classifieds younger guys looking for older guys date rich mate 1 app canadian dating sites for over 50
Lib – I never would have taken you for a penny stock pumper;-)
It’s less than $3,000
Time Shares Price Value
9:30AM 82000 0.0014 $114.80
9:32AM 51000 0.002 $102.00
9:36AM 12000 0.0024 $28.80
9:39AM 380000 0.0025 $950.00
9:53AM 309000 0.0026 $803.40
9:56AM 200000 0.0027 $540.00
12:37PM 60000 0.0024 $144.00
____________________________
Total $2,683.00
Someone must have bought a can of pancake batter. NHMD is up 60% to a quarter of a penny on volume of 1.3 million ($8,370).
Steamy,
It sounds like you’re not the landlord type. It’s OK, though. You try. I have a tenant who just called the county Health Department on me because her toilet wasn’t flushing. I plunged it two different instances and just decided to swap out that old toilet with a low gallon flush one. I pay the water bill.
As I threw the old unit out on the grass, I noticed the exit port was clogged with plastic wrap and a big metal bolt. That toilet was clear when she moved in.
She is Section 8 and that’s why I charge more for these people. The worst characteristic of Section 8 renters is that they think they deserve better treatment.
Well, now to call the health department and send them pictures from my cell phone.
Whoops. I missed the big block at 9:33. Just $3,000
Time Shares Price Value
9:30AM 82000 0.0014 $114.80
9:32AM 51000 0.002 $102.00
9:33AM 200000 0.0024 $480.00
9:36AM 12000 0.0024 $28.80
9:39AM 380000 0.0025 $950.00
9:53AM 309000 0.0026 $803.40
9:56AM 200000 0.0027 $540.00
12:37PM 60000 0.0024 $144.00
___________________________
1294000 $3,163.00
I was back of the enveloping it and just made all the volume at the .0027. Wasn’t going to spend the time performing the due diligence you were.
On a side note, by looking at their website, it appears the company is little more than a pressurized canning machine that can do 30 cans a minute. They are selling the batter direct at $5 can in cases of 8. That’s a million a week in revenue if the machine is running 24/5. Run it all year and that’s 50 million. Total supermarket sales for pancake mix in the US is 260 million. If I were Nate’s, I would run out and purchase another 4 or 5 machines.
Lib – you might need to upgrade your envelopes;-) 1.3 million x .0027 is $3,500 .
The left, in this case Disney, might be trying to censor science now. Your gender is *not* determined by chromosomes.
https://www.youtube.com/watch?v=A8rquwszymw&t=172s
You’re right. I blame my cheapo calculator.
Xo,
If I didn’t have a full time job, I could easily be the landlord type. I just don’t want to be the landlord type in overtime.
Only in Florida.
Man not guilty of choking wife to death with oversized pen is during or al s ex.
http://www.sun-sentinel.com/local/broward/fl-reg-gag-defense-murder-trial-closings-20170522-story,amp.html
Here’s Bill Nye offering the worst music video ever made about going lgbt.
“don’t box in my box” cuz my s3x junk is so much better than either-or”
https://www.youtube.com/watch?v=Wllc5gSc-N8
Steam,
Birther stuff was more on the fringe than Fox News. They occasionally invited someone on with that, but I don’t remember their own commentators making a big push on it. I thought it was more an underground online thing, fed by a few crazies (like Trump), but rarely getting air time.
If Trump & crew aren’t caught red-handed planning stuff with Russian government officials, CNN and the rest of the left-wing media deserve to have what’s left of their credibility shredded. Because they have invested all of their emotion and most of their resources focusing on this story.
What I want to find out is how long ago these former Russophiles decided Russia was an enemy rather than détente partner, and more dangerous than N. Korea, China, Iran, ISIS, etc.
WTF is he thinking?? Reports Flynn DESTROYED subpoenaed evidence and suddenly says “I don’t know” all through questioning.
Oh wait that was Hillary Clinton and her staff and that whole thousands of emails thing. Sorry, my bad.
It was Obama’s Chief of Staff (and current mayor of Chigaco) who said “You never let a serious crisis go to waste.”
I’ll speculate the cause of death was suffocation, possibly related to 10 pound hat.
Only in Florida.
Man not guilty of choking wife to death with oversized pen is during or al s ex.
http://www.sun-sentinel.com/local/broward/fl-reg-gag-defense-murder-trial-closings-20170522-story,amp.html
That was ridiculous! I only read a couple of the comments, but here are the first couple that caught my eye:
“I came for the dislike button, but I’m staying for the comments.”
“i’m going to make another account so i can dislike this again.”
To quote Dwight Schrute, “We need a new plague”
Here’s Bill Nye offering the worst music video ever made about going lgbt.
“don’t box in my box” cuz my s3x junk is so much better than either-or”
https://www.youtube.com/watch?v=Wllc5gSc-N8
Caught unprepared, they were short on time and straws within their grasp.
BTW, I think you mean Russophobes.
What I want to find out is how long ago these former Russophiles decided Russia was an enemy rather than détente partner, and more dangerous than N. Korea, China, Iran, ISIS, etc.
never mind, former Russophiles, correct usage. I missed that.
People that lack the self control to invest…..yes, they are getting robbed. Doesn’t apply to you, but applies to majority of Americans
chicagofinance says:
May 23, 2017 at 8:37 am
I am getting robbed? Go fcuk yourself…..
Owning a home = forced savings. Make them renters and watch them piss away that forced savings.
Hey…..tie school expectations to socio economic background—boom, the “failing school” mantra dies over night. If the public education model is failing, give me one district with wealth that is failing. You won’t find it, why? It comes down to money, hence, my original post suggested that we fix the socio economics in order to fix education. School choice will just get exploited for all it’s worth, save me the pity bs that you don’t have a choice. Pick up and leave to a another town area. If you can’t, start sacrificing and saving to make that move. We don’t need to destroy real estate values with this “school choice” bs.
You know with school choice, people with money will just go to private schools to avoid their children mixing with the wrong type. You know how this ends.
Grim, what do you mean by “construction gap” in title?
Builders are not building more homes in response to increases in sales and pricing, especially in light of the extremely low inventory.
Normally these would be coincident with increases in building permits, new construction, etc.
Except it’s not, and builders are still building fewer residential units (own or rent) than are necessary for even normal population growth.
So, there is a very wide gap of where construction should be, and where it is.
It will transform urban patterns in advanced economies by enabling millions of people to move out of cities, and shake up established models of global growth, potentially positioning the U.S. and Europe for a period of sustained expansion.
http://www.marketwatch.com/story/this-will-be-americas-new-exodus-2017-05-24
Something wholesome and refreshing about a good old fashioned scumbag…….
A Manhattan real-estate executive pleaded guilty Tuesday to stealing $1.6 million from his company to pay for cocaine and strip-club binges.
Rockie Gajwani, the former CEO of Trevi Retail, copped to one count of wire fraud and three counts of tax evasion in Manhattan federal court.
Gajwani wrote himself checks and wired himself company funds for nonbusiness expenses, including cocaine-fueled trips to strip clubs, federal officials have said.
To cover his tracks, he solicited help from an employee.
In May 2012, for example, Gajwani told the employee he needed help paying his credit-card bill, which included large expenses tied to one of his strip-club outings, officials have said.
The employee agreed to write Gajwani a check for a $16,000 — but only after Gajwani gave the worker a similarly sized check from Trevi that Gajwani labeled “expenses,” officials said.
As part of his plea deal, the former Vornado executive agreed to fork over $3.5 million, including back taxes owed to the IRS.
Gajwani’s lawyer, Mark Gombiner, declined to comment.
NAHB says weak home building recovery caused by higher regulatory costs, shortage of lots, and shortage of labor.
However, supply of rental apartments and condos has risen to match demand. I attribute this to regulatory shifts – urban areas more willing to approve residential projects. Latest data (2015) show Weehawken (<1 square mile) issued more certificates of occupancy for multifamily units than entire counties of Bergen, Essex, and Union.
Yo,
That can’t be right. You should see what’s happening in Montclair and Bloomfield. It’s like I’m playing Sim City. The number of 6-8 floor behemoth residential over retail buildings springing up is simply incredible. What they rent for too is simply incredible.
Yo!
Weehawken is special, vis a vis Turner or the 2nd coming of McCann. This is Hudson County after all.
Contaminated swampland wanna be 5th Avenue townhouse buyers are over paying their property taxes so the uphill residents and a few chosen properties get subsidized.
Just look at the mansion built on the former town park. You can see it in front of you on top of the hill as you come out of the Lincoln Tunnel helix.
Grim,
Totally unrelated, but I find myself yet again in a situation when being right is no reward. Where’s my cupie doll?
-Moose
Pumpkin,
you can’t fix socioeconomic balances without education. Making a kids parents earn more money doesn’t change their performance in school. The only way an education system works is when the parents demand the student perform at a certain level or the students themselves hold themselves accountable. You can’t legislate that. The reality is, a few bad kids in class ruin the entire learning experience for everyone. I’ve met teachers from Newark, Elizabeth, and JC. Some of the most talented and dedicated people I’ve encountered. They are incapable of turning it around. There is no solution.
That being said, there are people in these cities that want their kids to get a good education. They are being robbed of that opportunity by forcing them to remain in district.
Here is source for NJ housing completion stats I spewed above.
Turner might be state’s smartest pol. Five government paychecks, few people notice or care, and has stayed in office and out of jail unlike nearly all the surrounding towns during Turner’s reign (Jersey City, Hoboken x2, Union City, Secaucus, Guttenberg, nearly West New York.)
And real estate deals he does benefit the town – that tiny former park now generates hundreds of thousands of real estate tax, and the waterfront park deal was brilliant.
http://www.state.nj.us/dca/divisions/codes/reporter/2015yearly/certs_15.pdf
The American Dream
chicagofinance says:
May 24, 2017 at 9:21 am
Something wholesome and refreshing about a good old fashioned scumbag…….
A Manhattan real-estate executive pleaded guilty Tuesday to stealing $1.6 million from his company to pay for cocaine and strip-club binges.
That’s a lot of private parties in the back room.
Are you saying he didn’t get enough bangs for his bucks?
Owning a home = forced
savingsspending.BTW pumps, you don’t own a home. You own a debt obligation, a maintenance obligation, and a tax obligation. The bank (or Fannie, Freddy, etc.) owns your home. You just maintain it for them while paying 1/4 of some municipal worker’s salary.
Owning a home = house sitting for the man.
Except you have to pay the man for house sitting.
Pumpkin is really upset about school vouchers because he doesn’t want smart poor black kids coming to his town and embarrassing his town’s high-class white kids. He thinks government should keep them in their place with their own kind.
Oh so SoDoSoPa with views of historic Kenney’s house.
The part you and everyone is missing with this voucher bs, who the hell is going to pay the bill? You think I’m going to pay high taxes to have my education system infiltrated by the exact people I paid to get away from? Wtf? Are you people blind as to what this will do? Now instead of just paying high taxes, you will have to pay high taxes, and on top of that, a high cost private education. NO THANK YOU. The system is perfectly fine. If you the child is willing to get an education that lives in Paterson, the educational options are available. That’s what they don’t tell you when they try to push this voucher crap to push an agenda…..if any inner city kid in nj wants to get an education, they certainly can. The data says so. They can go to magnate or county schools, they also have plenty of options inside their current education setting to get ahead.
Look at that girl in Passaic who got accepted to every ivy league school this year….. how do you explain that? It just shows she took advantage of the education system given to her. Just because the majority of kids don’t do well and bring down the test scores, doesn’t mean they aren’t given an opportunity. So why are we trying to fix something that isn’t broke? There is nothing wrong with a public education from Paterson or Passaic. Absolutely nothing. If you want to complain about the fact that the smart kids have to go to school with gang bangers, just understand it is what it is. They don’t have to associate with those gang bangers at all. Just because gang bangers go to the school and bring down the scores doesn’t mean the school is failing or not providing an opportunity to learn. Don’t fall for the conservative propaganda that the schools are failing because they don’t have a 90% graduation rate. The school didn’t fail those kids or not give them an opportunity. Those students were given every chance in the world to succeed and decided not to. Not our problem now.
No One says:
May 24, 2017 at 1:29 pm
Pumpkin is really upset about school vouchers because he doesn’t want smart poor black kids coming to his town and embarrassing his town’s high-class white kids. He thinks government should keep them in their place with their own kind.
Pumps so if someone is perfectly able to get a good education in an inner city gang banger town than there really is no reason to spend all the money on schools in the so called premium towns. No need for blue ribbon and all that or adding another wing because we can’t have 24 kids in a class instead of 22. No reason to have these outrageous taxes right? Yet all we have heard from you prior to today is that high taxes are worth it for the quality education you get in those towns? So which is it?
Pumps and you are always crying about income inequality and spreading the wealth and blah blah blah! Let’s have school choice and vouchers and prices will come down more and these young people you claim to care about will be able to afford houses.
Pumpkin seed,
Please get a new shtick! It’s getting painful now! Go back to RE Investor for a while. Anything!
What don’t you get? I do not want to live by these people or have my child go to school with these people. That has nothing to do with those districts providing an education. I refuse to pay those taxes if I have to go to the same school. It’s too dangerous mixing poor kids from Paterson with rich suburban kids. Just so many things that can go wrong starting with the poor kids becoming jealous that they don’t have what my daughter has. I do not need her to get jumped or robbed for being the rich kid.
3b says:
May 24, 2017 at 2:22 pm
Pumps so if someone is perfectly able to get a good education in an inner city gang banger town than there really is no reason to spend all the money on schools in the so called premium towns. No need for blue ribbon and all that or adding another wing because we can’t have 24 kids in a class instead of 22. No reason to have these outrageous taxes right? Yet all we have heard from you prior to today is that high taxes are worth it for the quality education you get in those towns? So which is it?
Pumps. What a hypocrite you are.
And don’t say I’m racist. It’s about safety. I payed to be in a nice town with higher taxes for the safety it brings to my family. That is all I care about.
NIMBY!
Pumps so the smart girl in the inner city school can simply avoid the gang bangers? Why can’t your daughter? You are a liberal hypocrite.
More grim news. Leisure tourism down 16% YOY
https://www.buzzfeed.com/alexkantrowitz/us-international-tourism-market-share-is-falling-under?utm_term=.ia0Q407mk#.pf7Q34XnK
Proud Liberal… that term is an oxymoron. Or, for someone who’s proud to be a liberal… just a moron.
Eddie, go back to cleaning the bathrooms, will ya? and Fast.
The rich kids could probably show some of those gangbangers what real drug use is like.
Being liberal is like panhandling without the stigma.
Then again, in medical terms, the stigma of being liberal is a visible sign or characteristic of a disease.
Grasshopper Eddie, do you have anything to say on the decline in tourism? If not, just shut up and let the grown ups talk.
Wayne is safe? A short 1o minute drive from Pump’s house and he can score rock or whatever zoots his fancy. Then again you really don’t need to go far. Pumps your kids ain’t safe in Wayne. I have heard and read the stories of how the kids in your town end up in all kinds of trouble and that is without the short drive to P-TOWN.
https://patch.com/new-jersey/wayne/police-fire
OK, gourd-o. We won’t say it.
High taxes are the price we pay to keep undesirables out of our town and schools. Just give them some government administration jobs in their ghettos, throw the rest of them some welfare, food stamps and rent subsidies and keep them out of our classy town, where they might try to steal my hubcaps or try to impregnate my woman while I’m at work trying to figure out how to sort a spreadsheet columns from high to low at my high-paying entry level financial analyst job.
3b, I paid for it just like they can. Wtf should I have to pay all this money to get into this education setting and then other people get it for nothing, and on top of that, ruin the learning environment for my child? You complain about higher taxes, but in the same breathe, you support this? So wtf am I paying the higher taxes for?
Listen, I worked hard, took advatange of my education, sacrificed, and got ahead. Why did I go through all this just to watch people get “affordable” housing in rich towns and access to these “rich town” educational institutions without doing a got damn thing besides being born poor.
When you grow up, you’re no longer a liberal because you’ve learned. You’ve gained wisdom and realized that claiming to be liberal is a symptom of a disorder. I’ll be sympathetic to your needs and condition.
And everyone busting my chomps, go live in the ghetto. You guys are all for it, then go live there. Lib, how about you save some money and go live in Newark or even Bloomfield. Why don’t you send your kids there?
It might even be faster for Pumps when his daughter needs to get over the hill. He and his “rich kid” live on a very, very fast street and can be on Heroin Turnpike in seconds.
Wayne is safe? A short 1o minute drive from Pump’s house and he can score rock or whatever zoots his fancy.
You want to go to the public schools in rich towns, then get some skin in the game and pay up!! Giving it away for free is a surefire way to destroy it. That’s why those kids do so well, their got damn parents are paying how much? You better believe because they have skin in the game to make sure their child isn’t wasting it.
I guess you don’t understand north jersey. Most rich towns are 10 minutes away from the ghetto.
Juice Box says:
May 24, 2017 at 3:26 pm
Wayne is safe? A short 1o minute drive from Pump’s house and he can score rock or whatever zoots his fancy. Then again you really don’t need to go far. Pumps your kids ain’t safe in Wayne. I have heard and read the stories of how the kids in your town end up in all kinds of trouble and that is without the short drive to P-TOWN.
https://patch.com/new-jersey/wayne/police-fire
Pumps I have never seen/ heard anyone contradict themselves as you do. You are a bleeding heart liberal one minute and a conservative the next . The only thing consistent with you is at the end of the day it all comes down to your house and it’s value
That’s your fate pumps, the ghetto will come to you, it’s already on its way. Maybe you got your “chomps” busted by that guy from Margate? At least you didn’t suffocate and die.
Hahahhahahahaha
And everyone busting my chomps, go live in the ghetto. You guys are all for it, then go live there.
@PaulKrugman
It appears that Trump budget involves
two scoops of voodoo economics:
faster growth *and* tax cuts without a fall in revenue as % of GDP
I only address what is wrong with our economy. I still believe a class structure is needed in a capitalist system. Don’t accuse me of being communist for understanding the ills with income inequality and our economy. I never stated the answer was to give other people’s money for nothing and have everyone be equal economically. Don’t get it twisted if you don’t understand my points about tweaking our capitalist system to fix income inequality in the name of a more efficient economy.
3b says:
May 24, 2017 at 2:26 pm
Pumps and you are always crying about income inequality and spreading the wealth and blah blah blah! Let’s have school choice and vouchers and prices will come down more and these young people you claim to care about will be able to afford houses.
I’m a centrist! Isn’t it obvious?
3b says:
May 24, 2017 at 3:36 pm
Pumps I have never seen/ heard anyone contradict themselves as you do. You are a bleeding heart liberal one minute and a conservative the next . The only thing consistent with you is at the end of the day it all comes down to your house and it’s value
@LHSummers
This appears to be
the most egregious accounting error in a Presidential budget
in the nearly 40 years I have been tracking them.
@FT
Larry Summers:
Donald Trump’s budget includes an error that would justify failing an introductory economics course
You are such an iron-clad retardo Pumps ( I learned that term from my cousins who grew up in Clifton).
1. There is only one county poorer than Passaic County in all of NJ and Passaic County is the poorest by far in North Jersey.
2. Wayne is 151st in terms of per capita income for towns in NJ.
Congratulations Pumps! You reached for the low end of middle and made it!
Hahahahahahahahaha
I guess you don’t understand north jersey. Most rich towns are 10 minutes away from the ghetto.
https://en.wikipedia.org/wiki/List_of_New_Jersey_locations_by_per_capita_income
Thanks, appreciate it.
“Congratulations Pumps! You reached for the low end of middle and made it!”
And moose, I’m def not racist. Racist means you do not want to help any other races. That’s not me. Just because I refuse to live amongst the poor, doesn’t make me racist. If I wanted to live amongst poor people and send my child to school with them, I will just quit working hard RIGHT NOW. But I refuse to live like that.
Pumpkin takes the worst prejudices of the right and combines it with the most inane fantasies of the left. Worst of both worlds.
This should be saved for his obituary.
Pumpkin takes the worst prejudices of the right and combines it with the most inane fantasies of the left. Worst of both worlds.
In my experience it’s only the racists that continually claim they are not racists.
Pumps is a classic “Northern” racist.
A Southern racist doesn’t care how close minorities get, so long as they don’t get too high.
A Northern racist doesn’t care how high a minority gets, so long as they don’t get too close.
And moose, I’m def not racist. Racist means you do not want to help any other races. That’s not me. Just because I refuse to live amongst the poor, doesn’t make me racist. If I wanted to live amongst poor people and send my child to school with them, I will just quit working hard RIGHT NOW. But I refuse to live like that.
Yeah, but most people with that attitude just send their kids to private. Instead, you want to prevent them from accessing public resources.
Poor is a class, not a race.
Listen, the poor can live however they want. For me, I have OCD, and living like a f’en lazy slob makes me sick. If they didn’t throw garbage on their street, urinate on the street, and tag up the neighborhood; I would live amongst them. Problem is they live like animals and have no problem living that way. I want to live where people take care of their homes, and the pride of ownership brightens up the neighborhood. When I come home from a hard days work, this is what I want to come home to. I do not want to come home to someone throwing garbage in my yard while they piss on my lawn. I don’t need to come home to the local “ruff riders” taking over my streets with their dirt bikes. I don’t need the local artist tagging up my house and acting like I should be grateful. Those people can live however they want, just keep it in their neighborhoods and schools, and out of mine. Is that too much to ask? I guess so, because I’m a racist for stating it.
Blue, my property taxes paid for this. I believe that gives me a right to ask that only local residents be allowed to use the service. Besides, I pay more than enough to the ghettos through the Abbott funding. I do not feel an ounce of guilt.
Blue, my property taxes paid for this. I believe that gives me a right to ask that only local residents be allowed to use the service. Besides, I pay more than enough to the ghettos through the Abbott funding. I do not feel an ounce of guilt.
So, you don’t feel an ounce of guilt because your abbott funding money went to a bunch of politically connected consultants and construction firms? Your money would be better spend allowing motivated individuals to apply to learn in a better learning environment. You seem to think vouchers automatically transports all those problems into your town. I believe in any voucher system, the local system has say over who they do and don’t admit.
Pumps. You probably have students already in your town schools who don’t live in your town.
Pumps I am not beating you up you beat yourself up. I am saying you talk out of both sides of your mouth. You are typical of that liberal mindset in that lifting people up is great as long as you are not paying for it. I have a family member biggest liberal ever. I made a comment that in one of the towns that are part of their rationalized school that there were a lot of Hispanic residents living in that town . The person freaked out and said well maybe yeah but they are not in the schools which of course is b.s.. I set the person up because I knew that is how they would respond.
3b you pumps are the same type. Build low income housing but don’t put it in Wayne. Maybe put it in blue collar unsophisticated Hawthorne but not Wayne. Settle refugees here but not in my town put them in towns that are already struggling. The liberal feels good but does not have to see them. I can give numerous examples but you get the point.
Region alized schools.
What’s the matter pumps? You don’t have any faith that all the Mafia gangsters that live in your town will take care of things?
You certainly have OCD – Obsessive Compulsive Dickheadedness
Gourdo, its not that you’re a racist. Lots of people are racists, including and especially minorities themselves. You don’t have to be riding under white hoods to be a “racist”. I’m not even talking about the modern perverse politicized tool of branding people “racist” whenever you can’t defeat their argument. Its that your whole worldview makes you a complete hypocrite about it, and forces everyone else to be as well.
Moose
Hypocrite was the exact word I used to describe him the other day. It is the reason that arguments go round and round.
Phoenix, thanks for pointing this out. I value your opinion. You have always been honest. Time for less posting and more self reflection.
“Time for less posting”
Hallelujah!
Why do you guys even entertain it? Total trolling just to fcuk with you.
Seriously, read everything after noon or so and tell me you wouldn’t want that time back.
@TedLieu
Thank goodness Trumpcare is not yet law.
Injuries from Greg Gianforte assaults are still covered.
He should also withdraw from the race.
@GuardianUS
Republican candidate charged with assault after ‘body-slamming’ Guardian reporter
Moana,
Which Republican? I want to send some money in.
@MichaelWhitney
lol @ the idea a billionaire white man on the verge of going to congress is going to face any consequences in 2017
Racist!
Chi & Steam,
you see SIG announced this am that customers who don’t qualify for sub-prime loan to buy bling can rent to own. The company just formed a deal with the lending arm of Aaron rents. Sub-prime auto where borrows and or lenders may have not filled out their credit apps accurately…
If one is broke, best they get their car first as they don’t need to qualify for jewelry anymore.
Addiction is addiction. He can’t stop reading, so his inner pump just keeps chubbing up until he can’t stop himself. He’ll be back in hours. It’s like a p3dophile saying it’s time for less predatory activity and more self reflection, except he does all of his “reflection” at the school playground. A racist p3dophile, in fact.
Time for less posting and more self reflection.
Can the VIX go negative?
This is why I use VIX/VXV . Bullish between 0.80 and 0.85, bearish outside this range, both above and below. Closed at 0.7959 yesterday, at 0.7894 right now.
Nomad does the rent to own home come furnished? I looked in the window at the Aaron’s in Bloomfield a while back and a TV that you could probably get for about $400 could be yours for $1200 in payments over like four years. What a bargain! Those places should be illegal. Free shipping too.
Here is a cut & paste from this mornings SIG PR.
Progressive Leasing Lease-Purchase Program: Signet will form a seven-year partnership with Progressive Leasing (“Progressive”), a subsidiary of Aaron’s, Inc. (NYSE: AAN), to provide a lease-purchase payment program to Signet customers who do not qualify for Signet’s credit programs, or do not wish to pursue a credit option to access Signet’s merchandise.
In your spare time (sarc) you can read the entire thing:
http://www.signetjewelers.com/investors/news-releases/news-release-details/2017/Signet-Jewelers-Announces-First-Phase-of-Strategic-Outsourcing-of-Credit-Portfolio/default.aspx
I’ll bet they let customers rent to own other services if you shop Kay, Sales or Jared at their Reno NV locations.
NHMD back down to 0.0015 per share.
Strike while the griddle is hot!
Hmmm… If I sold one share of Amazon I could buy 664,000 shares of NHMD.
Lawsuit filed against GM for doing the VW diesel software cheat.
Where there’s smoke, there’s smoke I guess?
I’m not so sure this hurts his chances of winning…
I mean…I would not have wanted to be a CNN journalist at a Trump rally.
Grab them by the puzzy says:
May 25, 2017 at 8:26 am
@GuardianUS
Republican candidate charged with assault after ‘body-slamming’ Guardian reporter
@KyungLahCNN 52m52 minutes ago
MT GOP voter, upon learning we’re from @CNN: “You’re lucky someone doesn’t pop one of you.”
@KyungLahCNN 1h1 hour ago
More
MT GOP voter to me just now, knowing I work for @CNN: “That audio made me cheer.” She smiled as she walked in to vote for Gianforte.
@KyungLahCNN 1h1 hour ago
More
At a primarily GOP polling place, nearly everyone I’m talking to says audio isn’t changing their vote, still voting for Gianforte