Case Shiller Day!

From Marketwatch:

Home price gains were hot in June as Seattle sizzled, Case-Shiller says

U.S. home price growth picked up steam in June as strong demand continued to buoy the market.

The S&P/Case-Shiller 20-city index rose a seasonally adjusted 5.7% in the three-month period ending in June compared to a year ago, the same rate of change as in May. The national index rose 5.8% compared to a year ago, up from a 5.7% annual increase in May.

Nine cities had stronger annual price growth in June than in May, and western metros remained on top, with annual price gains ranging from 13.4% in Seattle to 7.7% in Dallas. Seattle prices are rising so fast that they leave No. 2 Portland in the dust, S&P Dow Jones Indices noted in a release.

The national price index reclaimed its 2006 peak last fall, but the closely-watched 20-city index is still about 2.9% shy of that bubble-era high.

This entry was posted in Economics, National Real Estate. Bookmark the permalink.

81 Responses to Case Shiller Day!

  1. grim says:

    From HousingWire:

    Black Knight: Home prices hit yet another new high in June

    Home prices increased from last month, reaching another all-new high, according to the monthly Home Price Index released by Black Knight Financial Services.

    Home prices increased 0.9% from May to $281,000 in June, setting yet another all-new peak for home prices. This represents an increase of 6.2% from last year, according to the report.

    Home price increases spread to all 50 states in June, and among the nation’s 40 largest metros, Las Vegas, Nevada, Nashville, Tennessee, and Seattle, Washington, all grew by 10% or more annually.

  2. ex-Jersey says:

    Trump is truly vile.

  3. Yo! says:

    Local details:

    Year over year change
    High tier houses +2.6%
    Mid tier houses +6.3%
    Low tier houses +4.0%
    Condos +4.9%

    Change since 2006 peak
    High tier houses -9%
    Mid tier houses -11%
    Low tier houses -20%
    Condos +18%

    Note to readers – the positive eighteen percent figure above is not a typographical error.

  4. D-FENS says:

    China sends unfinished goods to Mexico…to be assembled there then sold in the US. It’s a loophole exploited to avoid tariffs.

    This meeting is telling:

    Mexico president to visit China to boost trade amid NAFTA talks

    http://www.reuters.com/article/us-trade-nafta-mexico-china-idUSKCN1B820S?utm_campaign=trueAnthem:+Trending+Content&utm_content=59a4a2c904d3013dc4a99095&utm_medium=trueAnthem&utm_source=twitter

  5. Yo! says:

    Yo!’s law: As a njrereport discussion grows longer, the probability of topics unrelated to New Jersey, real estate, or New Jersey real estate approaches 1.

  6. JJ fanboy says:

    A levee was just breached in the Columbia lakes area of Houston. It will be like Katrina, maybe worse

  7. No One says:

    D-Fens,
    They could potentially be correct. But all that shows is that GDP is a poor measure of economic wealth creation. Economists focus too much on GDP and consumption.
    And this obsession with pushing government-calculated inflation measures to 2% by manipulating global asset prices is also demented.

  8. JJ fanboy says:

    A subdivision of a few hundred homes will be flooded within an hour or two. itsbbeen in a mandatory evacuation zone for a few days, but who knows how many people stayed

  9. No One says:

    As most here know, rising home prices doesn’t equal inflation to government central planners. Imputed rent is the big driver, via a circuitous route that largely ignores actual new housing costs.

  10. Hillary's Cankles are ground zero for Zika virus says:

    Wasn’t West Texas in a drought?

  11. JJ fanboy says:

    West Texas I think still is. I am in dfw area and we were in a drought until 2 years ago. We got a years worth of rain in about 1 month.

  12. JJ fanboy says:

    All but 1 of the large lakes in Texas are man made for flood control and/or water supply.

  13. JJ fanboy says:

    If you want to watch what’s going on in Houston, you can watch a local Houston channel on YouTube. Khou 11 is doing a live stream. Much better coverage and no political agenda unlike the national cable news channels

  14. Yo! says:

    No One, do you suspect the official government statistics are overestimating housing cost inflation over the past decade? The Case-Shiller stats out today (20 city data) show house prices have not returned to their 2006 peak. However, the housing series in the Bureau of Labor Statistics data shows a 22% increase over the same time period.

  15. grim says:

    However, the housing series in the Bureau of Labor Statistics data shows a 22% increase over the same time period.

    Are you talking about the housing component of the CPI?

  16. grim says:

    Things I learned during this disaster:

    1) CNN is disgusting, I will never watch again. Just to be clear, I’ve pretty much watched CNN exclusively, forever. I don’t, and have never, watched Fox. Only Bloomberg is a close second, and my third source of US National News is NPR.

    2) The lack of a mandatory evacuation call is a travesty. There was no shortage of data on this leading up to the disaster, this was not a surprise.

  17. Fast Eddie says:

    grim,

    MSNBC is even better. I’ll sum it up: Trump – Moscow, Trump – Neo-Nazi, Trump – Obstruction, Mueller – Trump, dossier – Trump and Arpaio bad. I’m having trouble finding anything about this so-called Harvey incident.

  18. Yo! says:

    Grim, yes. I understand a lot of people griped about this series when home prices were spiking in mid 2000s, back when it was fashionable to assert hyperinflation was coming soon.

  19. grim says:

    Grim, yes.

    Easy answer, don’t use this series, it doesn’t mean what you think it means.

    The conversion of ownership to imputed rent likely means this series is being overstated. As rental prices increase, the imputed rent of owner occupiers moves upward as well, even though their actual housing costs are not increasing.

  20. Comrade Nom Deplorable, surfacing for air says:

    This should reflect the last of the Obama Diaspora. Going forward, I would expect this number to drop in the near term but then rise again.

    http://intltax.typepad.com/.a/6a00e54fb13f51883401b7c911c8f0970b-pi

    Wealthy people don’t have any more faith in Trump than they do in Clinton. And as it gets closer to 2020, I expect this number to rise unless the Dems implode and Trump suddenly is reinvented as presidential material.

  21. Blue Ribbon Teacher says:

    Own vs. Rent is just a flawed metric altogether. When I ran own vs. rent calculations in 03 to 08, I compared the rent on a 1 BR apartment to a 3 bedroom home. All of the sudden, the advantage shifts heavily towards the rent side when you can save an extra $15k per year. I don’t really know anyone that rents a place as large as the one they planned to buy.

  22. Hillary's Cankles are ground zero for Zika virus says:

    The rent or own argument gets squashed if mobility is not an issue and you need the tax deductions. Most of the examples I created put the break even point around seven years. Obviously, if you are handy, then the owning scenario wins much much sooner. Probably closer to five years.

  23. Comrade Nom Deplorable, surfacing for air says:

    Fast Eddie,

    ” I’m having trouble finding anything about this so-called Harvey incident.”

    When the storm was making landfall, Foxnews.com was covering it nonstop. CNN.com hadn’t even started and was instead covering Arpaio and Trump nonstop.

    Grim, FWIW, Fox does report news and will report stories that the MSM won’t because it doesn’t fit their narrative. So I read Foxnews.com in order to be better informed. Is there political spin? Sure, but nothing like MSM and I filter it out. Does Fox get it wrong? Sometimes but so does MSM, judging by the corrections that no one seems to pay attention to.

  24. Comrade Nom Deplorable, surfacing for air says:

    Grim,

    “There was no shortage of data on this leading up to the disaster, this was not a surprise.”

    I’ll take the other side and say it was a surprise. The storm did not make landfall over Houston. In fact, Houston was on the periphery of the storm’s reach. And storms are unpredictable things, as we New Englanders well know. So to say that historic, biblical flooding was expected and known prior is (a) impossible and (b) doesn’t seem to have been realistically expected.

    And that doesn’t even begin to factor in the impact of a governmental decision of that magnitude. There is a massive cost in lucre and life from a mandatory evacuation. It is a very messy, expensive, dangerous thing to atempt that may be for naught. So a calculus exists as to whether to ride it out or evacuate. Put another way, you can either evacuate and know with decent probability that you will spend $XXX millions and it will cost XX lives, or you can risk that against the probability that it mauls you and you spend $YYY millions and lose YY lives (Y>X), or that it will miss and you spend $X millions and X lives are lost.

  25. Yo! says:

    Grim, Texas officials were right when they refused to order a mandatory evacuation. During the state’s last major hurricane, Rita in 2005, the evacuation killed more people than the storm. Roughly 100 of the 125 dead died during the vacation. A bus evacuating nursing home residents caught fire and 24 people died.

  26. Yo! says:

    Vacation = evacuation

  27. D-FENS says:

    Republican TX Governor was on Fox. They asked him why the local authorities in Houston did not order an evacuation after his recommendation to leave the area.

    He did not second guess them after he was offered an opportunity to make a jab at the Democratic Mayor. I think he rightly believes this is not the time for partisan bickering.

    Maybe if AT&T buys the network…they’ll clean it up. CNN was on every night in my house when my dad got home from work. I remember watching anchors like Lynne Russell.

    grim says:
    August 29, 2017 at 12:50 pm
    Things I learned during this disaster:

    1) CNN is disgusting, I will never watch again. Just to be clear, I’ve pretty much watched CNN exclusively, forever. I don’t, and have never, watched Fox. Only Bloomberg is a close second, and my third source of US National News is NPR.

    2) The lack of a mandatory evacuation call is a travesty. There was no shortage of data on this leading up to the disaster, this was not a surprise.

  28. D-FENS says:

    LynneRussellCNN‏
    @LynneRussellCNN
    Follow
    More
    I remember when CNN was a News network. Somebody must be slipping hallucinogens into their drinking water. It’s embarrassing.

    LynneRussellCNN‏ @LynneRussellCNN Aug 24
    More
    You can’t be a journalist-the objective eyes and ears of the public-with your head up your ass. CNN needs housecleaning from the top.

    Tommy Noe‏ @EastTNVol Aug 24
    More
    Replying to @LynneRussellCNN
    they haven’t been reputable since you left!
    1 reply 0 retweets 1 like
    Reply 1 Retweet Like 1 Direct message
    LynneRussellCNN‏ @LynneRussellCNN Aug 24
    More
    Thank you. It was a team effort and objectivity was the goal.

  29. D-FENS says:

    https://twitter.com/Breaking911/status/902613640720908288

    @Breaking911
    Following
    More
    Houston Flood Survivor Snaps on CNN Reporter: “Y’all sitting here with cameras & microphones trying to ask us what the f**k is wrong!?”

  30. D-FENS says:

    https://twitter.com/Breaking911/status/902605356915884036

    @Breaking911 48m48 minutes ago
    More
    NEW: “Texas can handle anything,” President Trump says before holding up Texas flag

  31. Grab them by the puzzy says:

    @ianbremmer

    “What a crowd! What a turnout!”

    – President Trump to hurricane victims

  32. Grab them by the puzzy says:

    @vicenews

    Trump in Texas after Harvey: “What a crowd, what a turnout”

  33. The Original NJ ExPat says:

    LOL grim! You only know the left side of the media, you are probably caught inside the mass hysteria yourself. I guess it’s like the Catholic Church – “DON’T YOU EVER EVEN SET FOOT IN ANOTHER CHURCH OR YOU WILL BURN IN HELL FOREVER!!!”

    You should watch a little Fox, even better, Fox Business, and you’ll see how slanted even CNBC and Bloomberg are. I watch and listen to them all. I’m more interested in the divergence of broadcasts then what any one is saying. You’ve spent your life fearful of obtaining data, I presume?

    Bloomberg Radio – Bloomberg radio was so snidely anti-Trump all through the election, but they’ve been biting their tongue ever since, because when business news programming shows bias, you automatically know they can’t be trusted for business facts. Bloomberg radio is much better now than a year ago, because they’ve dropped their bias.

    CNN & MSNBC – This is the true haven for those living in the Mass Hysteria. They have no idea what they are saying nor why they are saying it. Antifa with microphones and ties.

    Fox Business News (not Fox news) – This is the other end of the spectrum, they are harder right than Fox. Everybody on Fox Business News is a Trump supporter as is every guest. This is the ultimate pro-Trump TV station and nobody notices.

    Fox News – They actually are closer to “fair and balanced” than anyone believes, because those who believe the opposite have never tuned in (except for CNN and MSNBC, who monitor every minute). All of you who are fearful of ever turning 0n the channel might be surprised at how many video clips of CNN and MSNBC are shown each night just to hold them up to deserving ridicule. Here’s the real fun with Fox News: There are prominent anchors who, hate, hate, hate Trump as much as there MSNBC and CNN brethren. Shepard Smith is the most prominent of these types and their White House correspondent John Roberts is probably number two. If for nothing else, you should watch Fox News just to pick out and laugh at the reporters and anchors who hate both their president and their job. In business, ironically, we call this “Find the fox.”

    ABC, NBC, CBS – They are just CNN/MSNBC light.

    Sunday Shows (Meet the Press, Face the Nation, Fox Sunday News with Chris Wallace) – All of them are Democrats who hate Trump, the only difference is how much they slobber, salivate, and try to trap the Administration. I always watch Chuck Todd first because he is the most deranged, half because of his hair, half because he is the central molecule of the mass hysteria.

    1) CNN is disgusting, I will never watch again. Just to be clear, I’ve pretty much watched CNN exclusively, forever. I don’t, and have never, watched Fox. Only Bloomberg is a close second, and my third source of US National News is NPR.

  34. I want Roger Grimsby Back says:

    The integrity of news went downhill when the boomers took over as managers.
    Started with the removal of equal time rule. Than the replacement of grumpy old newsman (Roger Grimsby/Bill Beutel like) with fluff heads pretty boys/girls.

    Death knell was the Iraq war. The kowtowing to the W Bush administration by refusing to show US casualty and accepting to be the pom pom squad.

    When you had to go to BBC/CBC to get real news around that time. That was it.
    Since then I don’t watch the “news”.

  35. grim says:

    When reporters become celebrities, you’ve got a problem.

  36. The Great Pumpkin says:

    For all the bashing of academics and professors by right wing extremists, my college professor tried hard to ingrain the idea of understanding the source and the need for multiple sources with different perspectives to create a solid position. Too bad all the losers who think college is a waste of time didnt get to learn this and our society hurts because of it. The idea of “fake news” is telling. People don’t have the ability to figure out fake from real? Jesus, idiocracy here we come.

  37. D-FENS says:

    With social media and the internet…we are all fake news now.

  38. Blue Ribbon Teacher says:

    Pumpkin, I suggest you watch sixty minutes piece on fake news. They found the two most susceptible groups were old uneducteded right wingers and left leaning college educated people in their 20s.

  39. ex-Jersey says:

    I’m pretty sure Trump’s gonna get voted off the island .

  40. The Great Pumpkin says:

    Facebook post that gets it!! 3b, keeping thinking the cheap locations are better. You pay for what you get.

    “George Gagliardi….incorrect statement #1…NJ is the MOST SOUGHT LOCATION for families to move to…based on our educational standards…because we are ranked #4 compared to other countries education systems. Israeli….Swedish….Korean….Chinese…Indian (Sikh and Madras cultures) come to us compared to other states..Incorrect statement #2..you get what you pay for. In North Carolina, a state many NJ residents flee to because they no longer want to pay for quality..their taxes are 1/3 of NJ’s…but their state ranking is….21. If I am going to pay for education…I will take MA or NJ because they are #1 and #2…and that is going to cost a pretty penny. I grew up in Georgia…a non-union state that pays its teachers $33,000.00 a year. That state…my birth state…is ranked 37. Once again…you get what you pay for. One final note…next week…in Atlanta…the Falcons will christen their new domed stadium…named for Mercedes-Benz…as a favor of their moving to North Georgia. The dome plates don’t work…engineers blame a North Georgia contractor for not getting the measurements correct…a $13 million error….an analogy for the fact that almost 90% of the transfers to GA want to move back to NJ and NY…why?…because the public schools suck…and none of the private schools will take them because they are not legacy families…”

  41. The Great Pumpkin says:

    Did they learn? One of the main points of college is learning about sources and how to critically asssess them.

    Blue Ribbon Teacher says:
    August 30, 2017 at 9:36 am
    Pumpkin, I suggest you watch sixty minutes piece on fake news. They found the two most susceptible groups were old uneducteded right wingers and left leaning college educated people in their 20s.

  42. Phoenix says:

    Pumps,
    Private schools will take those willing to pay.
    Money talks.
    We have entered the coffin corner.

  43. Phoenix says:

    Joyce,
    From the other day.
    Never owned an Excursion. That was a joke.
    Sorry if it was misunderstood.

  44. Yo! says:

    This column explains how suburban New Jersey is structurally f’ed.

    Makes more sense than ever to choose Westchester and Long Island over suburban New Jersey if you plan to live in the New York City suburbs for awhile. Similar house prices, taxes, and commutes – but suburban New Jersey’s long term outlook is inferior on all 3 metrics.

    By the way, even with the generous pension benefits, New York’s pension funding status is top 10 in the country versus New Jersey sitting in the bottom 10.

    http://www.nj.com/opinion/index.ssf/2017/08/why_nj_commuters_subsidize_nys_economic_developmen.html#comments

  45. D-FENS says:

    The voting happened back in November.

  46. Yo! says:

    The #2 most read story on Bloomberg in past hour is, “Pension Fund Problems Worsen in 43 States.”

    According to Bloomberg’s analysis, New Jersey’s funded status at 30.9% is dead last, and the state’s funded status worsened in 2016. New York’s funded status improved faster than any other state and New York’s funded status ranks second after South Dakota among the 45 states with comparable data.

    A lot of Wall Street guys are reading this stuff. And plenty of them live in Manhattan and Hudson County condos with mid 6-figure tax free gains embedded. These future suburban house buyers less likely than ever to choose suburban New Jersey over Westchester and Nassau.

    NJ Transit problem’s, which won’t be solved for 10 years or more (need to build new tunnel) don’t help New Jersey’s positioning.

  47. chicagofinance says:

    ex-pat……still biased…..the editorials are sickening…..the website is mostly irrelevant…..

    I love Surveillance though and Dave Wilson is indespensible….

    Bloomberg Radio – Bloomberg radio was so snidely anti-Trump all through the election, but they’ve been biting their tongue ever since, because when business news programming shows bias, you automatically know they can’t be trusted for business facts. Bloomberg radio is much better now than a year ago, because they’ve dropped their bias.

  48. Blue Ribbon Teacher says:

    Oviously they didn’t learn because they were too busy seeing the world through their blinders. It’s sad that the side that claims they are the intellectual side is more likely to believe fake news despite their supposed education

  49. 3b says:

    Pumps you are still a doofus. You read an article and therefore it means you are right and I am wrong. N j education system is the best blah blah blah. If it’s so great why do so many students leave n j to go to those state schools in all those locations that are not known or are considered to have an inferior primary education system. States like Rhode Island. Delaware, South Carolina and others. So we have a great education system yet we send kids of state to schools with crappy education systems where the majority of the students come from those same crappy school systems. Critical thinking once in a while on your part would be welcome.

  50. The Great Pumpkin says:

    3b, I don’t even know where to start. Why are you so focused on higher education? Jesus, you are blind. First, those out of state schools feed off our educated population. They know affluent kids want to “go away” to school, which pretty much makes up a good portion of nj. Do you know how many good athletes take from us too?

    Let me give you an example of an affluent teenage mind thinking about college. Should I go to Miami or Texas? Which one will provide the best experience and best parties. They are not going to these places to live, they are just going for the college experience.

    So why do you always bring up out of state colleges in your discussion of k-12 education in nj. Wtf.

  51. The Great Pumpkin says:

    Yes, some stay where they went to college, but I’m sorry, the majority do not work in the same place they went to college unless that college is located in a big city location.

  52. The Great Pumpkin says:

    Is chi living upstate ny? He went to college there, right?

  53. The Great Pumpkin says:

    Yo, stop making it seem like the pension problem won’t be fixed. Stop scaring people with that bs. It doesn’t have to be paid all at once for the millionth time. Yes, the problem should be discussed, but it should not be used as an instrument of fear. And if Sh!t hits the fan, Feds come in and pay it off. Do you know how much money the bail outs were for business less than 10 years ago? They can do the same damn thing with the pensions, don’t kid yourself.

  54. The Great Pumpkin says:

    So I’ll take my bet on nj real estate. It’s the cheapest in the NYC metro area and I’ll hang my bet on that.

  55. 3b says:

    Pumps: Where do you start? You start with critical thinking. Than answer my question . I will try to simply it for you. You claim our education system is the best. If so why do so many nj students leave only to go to state universities where the overwhelming majority of students come from those very same primary school systems that you and others claim are inferior? It is a simple question.

  56. Hillary's Cankles are ground zero for Zika virus says:

    “They can do the same damn thing with the pensions, don’t kid yourself.”

    Last I checked, the teacher’s union in NJ hasn’t quite given to the federal overlords nearly as much as Wall Street has. I would say the ration is probably Wall Street:$1,000,000 to NJEA:$1.63

  57. The Great Pumpkin says:

    Yo, in reference to your other article about nj citizens supporting ny income tax revenue. This is what some nj politician should do. Start playing hardball. Tell them that it’s time to start sending money this way. It’s not a one way street. So many states just living off of the nj tax base. It’s disgusting. Like parasites.

    “If NY businesses need NJ labor (and they do) let NY pay for the tunnels, and bus terminal, and improved access.”

  58. Hillary's Cankles are ground zero for Zika virus says:

    Governor Pumpkin!

  59. JCer says:

    Yo, not so cut and dry Westchester and LI home prices for that matter are quite a bit higher(between 15-30%) and Westchester taxes are Essex county like on top of it. NJ homes trade at a discount, just look at Scarsdale vs. Ridgewood or Rye vs. Short Hills. They already have been choosing those places, it’s the regular working stiffs looking in NJ because they can’t afford NY. We have friends who bought in Westchester, it’s more expensive, a million buys a decent house in much of NJ in the top Westchester towns it buys a an ugly house with 30k in property taxes.

  60. 3b says:

    Pumps NY is not going to pay for NJ tunnels. You are an idiot. And if NY needs them NJ folks will come to NY reagardless of the commute. Or NY will get them from elsewhere. It’s as simple as that. You get more delusional as you age.

  61. The Great Pumpkin says:

    Let me teach you something.

    What will happen to the cost of real estate and labor in ny if nj suddenly decided to cut it off by enacting a 50% income tax on income earned in NYC. They will be fuc!ed beyond belief. Now tell me why?

    3b says:
    August 30, 2017 at 4:50 pm
    Pumps NY is not going to pay for NJ tunnels. You are an idiot. And if NY needs them NJ folks will come to NY reagardless of the commute. Or NY will get them from elsewhere. It’s as simple as that. You get more delusional as you age.

  62. 3b says:

    Pumps it’s a stupid analysis. It will never happen. You can’t answer the question so you throw out crap.

  63. The Great Pumpkin says:

    Now get a reasonable politician to go hardball with this till they cave in and help pay for what they clearly benefit from too. So provide the access for your workforce. Their economy could never be as big as it is without our labor force.

  64. The Great Pumpkin says:

    3b,

    The answer is, their economy will self implode. They don’t want that, and we don’t want that. We just want a reasonable deal. We are basically North Korea, going up against the big boys. Our only chance at the negotiating table is the strength of this bomb on their economy.

  65. JCer says:

    NJ besides being chronically mismanaged at many levels is also hit by the fact that we receive little in federal money despite paying huge taxes. NJ gets between 40 and 50 cents back per dollar paid we are near the bottom for return on payments. The least the feds could do is fund the needed infrastructure to keep the economic engine for this country(Northeast Megalopolis) running well. NJ needs to move away from incentivizing companies to move to Newark and needs to poach jobs from NYC by being regionally competitive.

    As for school systems, I will agree with Pumps that educational standards are better in the North East, Midwest and West Coast than in the South, it does cost money to educate kids. The property tax problem comes not entirely from cost but rather how we fund schools, if state money were used in all districts property taxes would be lower. As we already know Newark pay nothing towards it’s school bills despite having tremendous commercial rateables, where a town with a Starbucks and a gas station for commercial rateables carries almost the entire school bill on the backs of homeowners. NJ’s school systems are fine and are indeed better than those in other states as a whole(particular areas in other states have quality public schools but overall the school systems in those states are poor, property prices tend to correlate in these areas)

    The story of higher ed is different, Rutgers is a serviceable university that suffers from limited state funding, high in-state tuition and an uninspiring campus. These factors hurt it’s ability to draw the top students which in turn hurts it’s reputation, which makes it less desirable as a landing spot for top academics. NJ students at these other state institutions tend to be some of the most qualified students at these schools and are usually a big part of the student body.

  66. JCer says:

    pumpkin 3b is right about strong arming NY, they have the high paying jobs, NOTHING besides competing to take some of those jobs will change this and our residents will do whatever it takes to make top dollar, if need be they will move to NY if it is made too painful for them. NNJ is just an extension of NYC, make it too difficult to get there and people will move away, as you yourself have said these people have money, they aren’t stuck here.

  67. 3b says:

    Pumps NYC won’t explode as you say. And no NJ resident who works in NYC is going to advocate what you are advocating for. It would be suicide for them. Or even were it to happen the ones that could up and move to ny from nj would simply move. NJ needs NYC far more than the other way around now more than ever. As we have lost a huge amount of our own economic base.

  68. 3b says:

    Jcer you make some valid points on the college topic. I was going through this with one of my kids in state college vs out of state. Ni sends more students out of state than any other state. And when I was researching various out of state colleges at the time the student demographics demonstrated that fact. Nevertheless the demographics also demonstrated that the overwhelming majority of the remaining students were from in state. My point to pumps is if he like others believes New Jersey s primary school system is one of the best in the nation how than do you explain that these New Jersey students who go out of state to university are surrounded by students who overwhelmingly are from some of the very same states with these so called inferior primary school systems.

  69. 3b or not 3b says:

    3b is easy.

    I’m going myself thru this. NJ public in-state dorming in @25-30k. Same cost for out -of -state in School chosen. But out- of-state is gave her a self-repeating scholarship where you get in-state tuition with dorming in @12-15k if a certain GPA maintained. School has a lot of remedial/water down classes (I was silently shocked vis a vis when I attended college in 80’s) for the locals.

    PS. If anybody has twins, make sure they are able to get into Georgetown – they give a 50% discount on attending twins.

  70. 3b says:

    When I was doing this with one of my kids. In state Rutgers tuition with room and board was 22k. Plus he got a partial scholarship making my cost about 15k a year. URI was over 40k with a 10k partial scholarship. It made no sense to send him out of state. And Rhode Island is one of those states deemed to have an inferior primary education system and the majority of the students are from Rhode island. The other 2 also went in state. Got partial academic scholarships jobs helped pay grad school tuition. One done with that the other done in a year. The 3rd one no mitt in grad school at this point doing very very well in a really interesting type position. No loans for any of them. And once they get that first job nobody cares where they went to school.

  71. Blue Ribbon Teacher says:

    The NJEA cares not who is in office one bit. The only thing they care about is being able to siphon off nearly $700 from every teacher in the state by force so that they can pay themselves high six figure salaries for sitting around and doing nothing.

  72. The Original NJ ExPat says:

    I’ve seen this mass hysteria before. It was after Bush beat Kerry and then Katrina hit. That was the first I heard otherwise normal acquaintances say that Bush should be impeached. I would ask for what and they would just say “Katrina”. Even after telling them that natural disasters are not impeachable offenses the were not swayed. I would then ask a question that they had no answer for. I asked them if a natural disaster killed many people in Boston should Bush be impeached for that too? This is why they couldn’t answer that question. Boston is real to people in Boston. Thinking about people they know in Boston losing their lives is real. It bursts their mass hysteria bubble. OTOH, dead people in New Orleans are not real and neither are suffering victims in Texas. Similarly, people in other states voting for Trump (or Bush) are not real either. Only racists vote for Bush and only because Russia meddled them on down to the voting booth to do it. A Pennsylvania voter, just like a Pennsylvania voting outcome, are not real things to these people. These are things they have no touchstone for, no foundation in reality, so they can fashion them in whatever way that makes sense to continue the hysteria.

    Antifa is part of their own mass hysteria. If they can beat enough people and destroy enough property to prevent words from being spoken….well, then those unspoken words can continue to be imagined to be representative of whatever they hate most. By not hearing the words they can make them be anything they want.

    ex-Jersey says:
    August 29, 2017 at 8:51 am
    Trump is truly vile.

  73. D-FENS says:

    Megan Kelly out. Tomi Lahren in.

    NBC Is In A “Total Panic” That People Won’t Watch Megyn Kelly’s New Morning Show
    https://decider.com/2017/08/30/megyn-kelly-new-morning-show-nbc/

  74. The Original NJ ExPat says:

    Is this a shocker? Men at home in the morning have access to real p0rn, fat women at home in the morning don’t want to look at Megyn Kelly. Who’s left to watch?

    NBC Is In A “Total Panic” That People Won’t Watch Megyn Kelly’s New Morning Show
    https://decider.com/2017/08/30/megyn-kelly-new-morning-show-nbc/

  75. The Original NJ ExPat says:

    ^^^^Everything else being the same, how successful would Oprah be if she looked like Megyn Kelly? Fat Fu.cks want to watch fat fu.cks.

  76. The Original NJ ExPat says:

    This is an excellent analogy as to how it works these days. My daughter is an excellent flute player. She has no interest in playing in band, but she likes playing in Football Pep band. We rent her a $900 flute for 3 months for less than $22 per month and then we return it. It’s a shame we can’t do that with other degrees.

Comments are closed.