It’s a great time to stay put

From CNBC:

Home prices make the biggest jump in four years

It is a seller’s market, undeniably. The supply of homes for sale is low, demand is high, and now prices are heating up even more. But sellers today see more reasons to stay put than to profit.

Home prices jumped 7.1 percent annually in May, according to a new report from CoreLogic. That’s the biggest jump in four years. Annual price gains had been shrinking slightly, as mortgage rates rose, but apparently higher rates are not hurting demand. They are, however, exacerbating the already critical supply shortage.

“During the first quarter, we found that about 50 percent of all existing homeowners had a mortgage rate of 3.75 percent or less,” said Frank Nothaft, chief economist for CoreLogic. “May’s mortgage rates averaged a seven-year high of 4.6 percent, with an increasing number of homeowners keeping the low-rate loans they currently have, rather than sell and buy another home that would carry a higher interest rate.”

If mortgage rates were to rise further, fewer homeowners would want to move. In fact, if today’s homeowners just considering a move were faced with a mortgage rate 1 percentage point higher than their current one, 24 percent would not move, according to a survey by John Burns Real Estate Consulting. Thirty-six percent said they “may not” move. The average rate on the 30-year fixed is now slightly more than 1 percentage point higher than the lows following the recession.

This entry was posted in Demographics, Economics, Housing Recovery, Mortgages, National Real Estate. Bookmark the permalink.

95 Responses to It’s a great time to stay put

  1. Hold my beer says:

    I am not staying put. About to get out of seaside for hillbillies and head into Virginia,

  2. Hold my beer says:

    The tourists here look so different. Don’t know if it is bad genes, malnutrition, meth, or some combination of those. It’s like every weird person you’ve ever seen decided to go on vacation to the same place at the same time.

  3. grim says:

    Mortgage companies are going to have to consider lowering the bar if they want to stay in business. This is exactly how the race to the bottom starts. From CNBC:

    Mortgage applications fall, as refinancing hits 20-year low

    A significant drop in mortgage interest rates was not enough to entice homeowners to refinance their loans last week. Total mortgage application volume decreased 0.5 percent on a seasonally adjusted basis compared with the previous week, according to the Mortgage Bankers Association. Volume was 13.5 percent lower than the same week one year ago.

    Applications to refinance a home mortgage fell 2 percent for the week and were 28 percent lower than the same week one year ago, when interest rates were lower. The refinance share of mortgage activity decreased to 37.2 percent of total applications from 37.6 percent the previous week.

    More than half of all homeowners with a mortgage today have rates below 4 percent, according to CoreLogic. Even those homeowners who want to tap some of the newfound equity in their home, given the sharp rise in home values, are more likely to take out a second loan rather than refinance to a higher interest rate. Home equity lines of credit are increasing as refinances decrease.

    The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($453,100 or less) decreased to 4.79 percent last week from 4.84 percent the previous week, with points decreasing to 0.41 from 0.42 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.

    “Financial market volatility in response to continued worries about trade resulted in both lower mortgage rates and a drop in applications last week,” said Mike Fratantoni, chief economist at the MBA, adding that refinances saw one of the weakest readings in the last 20 years.

  4. Very Stable Genius says:

    @AlexCKaufman

    Scott Pruitt repeatedly asked his 25-year-old staffers to put hotel reservations on their personal credit cards rather than his — then refused to pay them back.

    Breathtaking.

  5. Very Stable Genius says:

    @chrislhayes

    Pruitt’s sheer *thirst* for cash astounds.
    He seems laser focused on using the job to get his wife money, get expensive perks, travel places he wants to go, get a deal on his apartment rental, etc. etc.

    @jdawsey1

    Scott Pruitt told EPA aides that he wanted his wife to make $200,000 or more a year — and suggested she get a job at the Republican Attorney Generals Association, which he led.
    He also asked EPA lawyers to help him win a dispute with his landlord.

  6. grim says:

    Scott Pruitt repeatedly asked his 25-year-old staffers to put hotel reservations on their personal credit cards rather than his

    Hiding something from his wife I suppose?

  7. Juice Box says:

    Hummm..As if this was never done before in previous administrations?

    “that the fact that the administrator asked federal employees to perform multiple tasks unrelated to their official work raises serious questions about whether the *** administrator has violated federal rules of official conduct.”

  8. Yo! says:

    Grim 6:40 am,

    Agree this might be the inflection point for mortgage underwriting standards, when tight standards for purchase mortgage lD suddenly loosen meaningfully. Lenders could do decent business doing easy, profitable refinancings over past several years as rates stayed low. To maintain profitability going forward in environment of fewer refis, lenders will need to ramp up originations of purchase mortgages. The only way they can do that is lower standards to win market share and bring more buyers into the market. This is a positive development for home prices.

  9. 3b says:

    Lower standards and then default. Yep great idea!

  10. Yo! says:

    Spent several days on Cape Cod. Real estate market there appears healthy, not overheating. Demand strongest for less expensive second homes closer to Boston. Weaker demand for massive homes in Outer and Lower Cape, the areas further from Boston.
    http://capecod.stats.10kresearch.com/docs/lmu/x/BarnstableCounty?src=page
    Appearances of people on Cape Cod looked normal, in contrast to recent njrereport comments about people at the inland Southeasr vacation destinations.

  11. grim says:

    Lower standards and then default. Yep great idea!

    This plays out much more subtly.

    Key originators and sales people jump ship to other firms where they can make better money. Competitors start showing higher revenues, while other start to stagnate and decline. Some consider layoffs at the same time competitors are hiring. Investors, owners, begin to question management effectiveness. A few executives get canned and some less experience folks take their place. The first year or two after cutting standards and profiting while the market continues to move upwards, management look like heroes, those who pulled back look like idiots.

    It’s not really a race to the bottom, it’s more a slow capitulation.

  12. Ex-Essex says:

    I thought we’d finally get rid of bitcoin. But the fake “currency,” which I like to call bitcon, just won’t fade away.

    Bitcoin’s price rallied to over $6,600 yesterday, but it had been well under $6,000 last week. Even at $6,600, bitcoin is still worth 70 percent less than it was at the beginning of the year.

    I use the term “worth” cautiously because bitcoin is really worth nothing, since it’s backed by nothing or no one. It’s a confidence game that has value only because people are convincing other people that it’s worth something.

    Got it! Ponzi scheme. Confidence game. Fraud.

    Anyway, bitcoin is headed for a value of zilch. It’s only a matter of when.

  13. grim says:

    The most ironic thing about bitcoin – it’s supposed to be completely transparent due to it’s distributed ledger.

    Yet, people are still stealing bitcoin like crazy, and getting away with it.

    Shouldn’t it be completely obvious who took it? It’s right there. Except … it’s not.

  14. Libturd questioning the gender of Hillary's Cankle fluid. says:

    I’m baack!

  15. 3b says:

    Ornamental grass.

  16. 3b says:

    Welcome back Lib!

  17. Libturd questioning the gender of Hillary's Cankle fluid. says:

    Tanks!

  18. leftwing says:

    “Hiding something from his wife I suppose?”

    My guess trying is a clumsy attempt to keep a lower profile.

    When my T&E used to get too high in amount or number, particularly for items that may raise an eyebrow, it was common more senior guys would have a junior at the table pick up the tab. Hell, half the time we signed off on the junior’s T&E which ‘solved’ the problem right then and there….lol

    He likely did that and now some kid with a $2500 restaurant tab on his personal card waiting for reimbursement from the federal government is bitching.

    More relevant is that the Dem party has descended into the depths of T&E line items as political opposition. “Breathless”. LOL, more like pathetic that they view such things as “breathless”.

    Pruitt is tone deaf and will be relieved eventually. Who cares. I’ll trade an EPA Head for Supreme all day long. Good luck, Libs.

  19. Blue Ribbon Teacher says:

    When I went on vacation to Disney last year, there was an incredible amount of overweight people. I watched people gorge on the gigantic chili cheese dogs and waffles in 100 degree heat. Eating in the park at the nicer restaurants is great and all but by the end of the trip, we were desperate for some fresh fruit/vegetables. Returned in August to fresh cucumbers, tomatoes, peppers, and eggplants. It was a godsend.

    My most recent trip to Maine/Boston, I the weight was definitely on the lower side. Eating fresh seafood was great the entire trip. The only thing I think Jersey has on the shellfish in Boston is the sea scallops from point pleasant. Went to the Boston Farmers market at the harbor, our produce is far superior.

  20. grim says:

    New Revel and Hard Rock really look great

  21. Juice Box says:

    re: “Yet, people are still stealing bitcoin like crazy, and getting away with it”

    The allure to use it in illegal activity as untraceable has been fully myth busted.
    The Feds have been busting people left and right and shutting down the exchanges operating underground as money laundering operations. FBI, SEC FinCEN etc all involved.

    The latest interpretation is anyone setting up a coin exchange Under U.S. law is has the same obligation as a regular bank to collect the appropriate data so customers are not anonymous. They will continue to shut down exchanges that skirt the law.

  22. 3b says:

    Blue nothing like seeing those massive turkey legs that people walk around Disney eating! Awful!!

  23. Libturd questioning the gender of Hillary's Cankle fluid. says:

    Haven’t been by. No playable video poker, but my tier match (7-star Caesars) gets me $100 free play and free night. Will probably take kids down at some point to use pool at Ocean (Revel) since they always loved that one. Hard Rock is notoriously cheap. Hearing Ocean owner opened with nearly empty pockets meaning they’ll be first to close.

  24. Libturd questioning the gender of Hillary's Cankle fluid. says:

    BRT,

    Blue Points IMO are the best oysters in the world. I’ve tried at least ten other varieties including lots of Northwest varieties and none have that briny sea taste like our local ones. Maine and better yet, Nova Scotia has better lobster. That’s all I would give them. The truth is, the boats leaving out of Boston Harbor fish the same trench that the boats out of Long Island and and most Jersey outfits fish out. Georges Bank. My uncle was a commercial fisherman. Mainly cod, but occasionally tuna and sword when the sushi restaurants he supplied were low. One tuna would pay for the fuel. Anything extra was gravy.

  25. Libturd questioning the gender of Hillary's Cankle fluid. says:

    Not just fat, but fat people with bad tattoos. I’ve never found the food at Disney terribly good and it’s awfully overpriced. Only good meal I ever had was at Polynesian Resort. We tend to leave the park for meals.

  26. Libturd questioning the gender of Hillary's Cankle fluid. says:

    Almost all of the decent restaurants in NJ are supplied by one of two fishing outfits. Viking (fish), out of LBI and Lund’s out of Cape May/Wildwood (scallops/squid).

  27. Ex-Essex says:

    I have yet to meet anyone for whom a tattoo improves their appearance.

  28. Bystander says:

    Disney is an absolute atrocity food wise. Sad because everything else is pretty good in terms of experience. Crowds are crowds. Fat, tattooed Americans are everywhere. I stayed at Disney Sports in Feb. with my vegetarian wife and 3 and 1 year olds. They had nothing but fried garbage. My wife ate a $10 caesar that was nearly nothing but lettuce. Thank God we brought oatmeal, pbj and fruits for kids. I could not imagine waiting in those lines are the horrendous offerings. We did not eat the entire 8 hours except soft serve ice cream in Toy Story area.

  29. grim says:

    I’ve never found the food at Disney terribly good and it’s awfully overpriced.

    The signature restaurants are solid. California Grill, for example, a consistently good meal – I think the best restaurant in Disney. Artist Point in Wilderness Lodge – Solid, always a favorite. The new Boathouse in Disney Springs – Solid, one of the best burgers you’ll have, period.

    Anything in the parks is generally poor, anything with characters is generally poor, combine the two, it’s guaranteed to be terrible. Tiffin’s in Animal Kingdom is an outlier, it’s also pretty solid with probably the most esoteric cuisine in Disney.

    The Grand Floridian restaurants are generally pretty good (Narcoosee, Citricos). Victoria and Alberts is very good, but is usually impossible to get a reservation to, and very very expensive.

    California Grill timed for the park fireworks is pretty much the only reason I agree to go to Disney. Get a 7:30 reservation, you are having desert served just in time for the 9pm fireworks. They dim the lights and pipe in the park music for the show. Best view of fireworks anywhere, no dealing with the massive exit crowds from the park. Nice glass of wine or whiskey, and this is hands down the best experience in Disney. If you don’t have a table at the windows, they have two huge outdoor viewing areas. The time before last, we sat a few tables away from Bobby Flay and his family.

  30. Juice Box says:

    The food lines were just as long as the ride lines, so we only ate snacks at Disney and Universal, no meal plans thank youm and cooked our own breakfast and dinners when we went to Orlando in April.

    The Bumblebee man’s TACO truck at the Simpsons in Universal was a short line and good for a quick healthier snack $9 bucks for two chicken tacos, all the indoor places had massive lines of lard asses.

  31. grim says:

    Rent a Disney DVC timeshare with a kitchen, this is cheaper than taking a hotel room. We rented a studio at Polynesian for $1000 for the week, $1200 at Animal Kingdom for a 1br + full kitchen. Plus plenty of others, Grand Floridian, etc etc.

    Never, ever, take the meal plan. You can do better with my plan.

    Make your own breakfast – faster than anything else. Have groceries delivered on your arrival date. There are 3-4 cost effective grocery delivery services – plus Amazon. Load up.

    Skip lunch, bring your own snacks to the park. Save big time and money.

    Skip any of the nonsense mid-tier restaurants for dinner, they all suck.

    Eat at the ones I list above. You’ll not only save time, but you’ll save money, and have good dinners every night.

    Use Lyft to get around for dinner, don’t bother attempting 2x bus/boat transfers going from hotel to hotel. Trust me.

  32. leftwing says:

    Getting some confirmation bias here on Disney…weird, never had the desire to go. Even as a kid. Probably in the low single digit percentage of Americans who have not ever been there.

    Re: scallops for the consumer Viking hands down. Have not been happy with the Pt Pleasant shops for a few years. Think they monkey with the inventory. Viking is always 100% fresh and sells out every day. Alos, Pt. Pleasant half the time the part time help has no idea what day boat scallops are, get a blank stare…. At least twice I’ve bought pounds assured they were dayboat and turned out to be wet POS.

  33. leftwing says:

    Had a buddy when my kids were very young with a son who worked on a day boat out of Viking. One of the true sh1tty jobs in the world but he’s now captaining a HNW yacht out of Florida. Anyway, I would pedal my boys from our house in loveladies to watch the boat come in and offload its haul. Half an hour later his kid would show up at my door on his way home with a large baggy full of freshly shucked scallops from the boat. I eat mine very rare, only touching the grill or searing pan for a few seconds. It got to the point with the baggy scallops where I wouldn’t even cook them. Popped them down raw, like sushi sans rice. Good mmmmmmmemories…….Gotta get back down there…

  34. grim says:

    Fresh raw scallop is amazing. Tried it for the first time a few months back at a really high end sushi joint, was with a light citrusy ponzu. Holy crap.

  35. NJCoast says:

    Had a great meal at Victoria & Alberts many years ago. Best part was the port wine, pear and Stilton course.
    Point Pleasant scallops are the best. Grilled them last night on the beach.

  36. Libturd questioning the gender of Hillary's Cankle fluid. says:

    Viking is real deal and they have a shop at the pier (Viking Village/Barnegat). But it’s hit or miss on inventory. It’s pricey (though no more expensive than Whole Paycheck) and many times fresher.

  37. Libturd questioning the gender of Hillary's Cankle fluid. says:

    WooHoo. I just got an increase that was less than one percent. Go wage inflation!

  38. Libturd questioning the gender of Hillary's Cankle fluid. says:

    I think Viking (labeled Shore Catch) comes to the Montclair Farmer’s Market too, but the prices are marked up phenomenally. For example, Oysters were $22/pound last year. Though, vendor guaranteed everything was caught THAT morning.

  39. No One says:

    I think a number of restaurants in Epcot’s World Showcase are decent. Not the finest dining but dramatically better than the food in the other parks, where you are better off just getting smoked turkey legs. In Magic Kingdom, the Crystal Palace buffet is decent and it gives you a place to cool down in AC for an hour. But hard to get reservations there.
    In Epcot, For lunch, you cannot beat the Patisserie in the back of the French pavilion. We pretty much always eat lunch there, normally just eat deserts, but they’ve also got quiche, sandwiches. If we didn’t love that place so much, I’d probably get sausages from Germany.
    For dinner the two main French restaurants are decent – classic French stuff not poorly prepared. The fanciest one is pretty good, and pricey, with good service as well. They agreed to let us finish desert after watching the light show, for example. The Moroccan restaurant food is also decent, and you get a belly dancer as well. Norway used to be good but was somewhat ruined by turning it into a big Princess destination. But if you have girls into that, the Scandinavian food is fine though overpriced due to the princesses. The top Mexican restaurant (San Angel Inn) is good inside the pyramid, with a nice dark cool atmosphere. Finish in time for the Illuminations show.
    I’ve never tried the Italian or English places, or the Canadian steakhouse. They could be good or not. The Chinese restaurant I would avoid – too Americanized.

  40. Ex-Essex says:

    What’s the end game with this trade war..? Fire up Bethlehem’s old forge…?

  41. grim says:

    Level the global playing field to bring jobs and wages back to the US?

    The establishment Republicans hate this – surprised that Democrats aren’t on support vocally.

    They back on principal but wouldn’t be caught dead supporting Trump policies.

    If anybody, the new breed of democratic socialists should be behind this tooth and nail. You won’t have socialism without protectionism.

  42. Comrade Nom Deplume, surfacing briefly for air says:

    Happy belated Treason Day, everyone.

  43. The Original NJ ExPat says:

    Like if Walmart had a beach club?

    The tourists here look so different. Don’t know if it is bad genes, malnutrition, meth, or some combination of those. It’s like every weird person you’ve ever seen decided to go on vacation to the same place at the same time.

  44. Very Stable Genius says:

    michael miselis ucla

  45. Bystander says:

    Congrats Lib on that big pay day. I’ve tried to document honestly what it is like trying to find a decent paying job today. Ex-pat laughed at 60/ hr but truly rates are in that realm even in insanely expensive NYC market. Here is one that I have received multiple times lately. Top tier investment bank, Morgan Stanley. They want top PM skills, agile scrum expert as well as specific IRS / Tax knowlege. I will post the rate at the end.

    Job Title: Urgent Requirement for Project Manager for Morgan Stanley – New York, NY

    Description:
    Job Title: Project Manager

    The Corporate and Funding Technology
    Finance Technology (CFT) group are looking for a Project Manager. The role is to assist in a single large endeavor called Tax Reform. The Tax Reform program is a time sensitive and cross organization project to meet the newly enacted changes made for 2018. The project focuses mostly on the Base Erosion Anti-Abuse Tax (BEAT)The Tax reform program is a high profile, across almost all areas of the firm, short term (under one year) which requires strong project management skills to bring together controllers, technology, product owners, data governance management, systems and data across all of the products in the firm. The Role requires someone who has previously managed large scale multi-group projects. The role requires strong analysis, planning and delivery skills.
    The candidate should have proven experience of delivering significant change into production systems, agile methodology, user liaison and co-ordination across many stakeholders both with IT and the business groups. A key component of the role is the ability to build strong working relationships with partners across the Client IT, business and operation stacks, spanning from front to back office.

    Skills required:
    – Project Management
    – Business Analysis & creation of requirement specifications.
    – Excellent verbal and written communication skills.
    – Matrix management across various IT and business stakeholders.
    – Planning, status reporting and issue tracking.
    – Deployment management.-Knowledge of Agile Process (Scrum)
    – Tax knowledge with Financial Background

    Rate? 70/hr with no benefits. How is this possible given tight market?

  46. grim says:

    I’d like to see gender quota established for h1b.

    Maybe something like 75% female in STEM.

  47. The Great Pumpkin says:

    Bystander,

    That’s sickening. The people in your field need to stop taking jobs at these prices.

    There has to be a bunch of jerk offs taking jobs at lower and lower rates in your field. These people need to look in the mirror, and realize they have to draw a line in the sand and not accept bs offers. Yes, you have to survive, but you also can’t sit here and sell yourself short by a mile.

    I have no idea why there are so many got damn idiots out there, screwing it up for everyone else by taking a job for cheaper than it’s worth. They then become a barometer for that job to participate in the race to the bottom. Idiots!

  48. Bystander says:

    You’ve never had reading comprehension skills, Blump. See Grim’s post above. The H-1Bs have essentially taken over. They will pack into small living quarters, save every dime, take a $hitty wage and say ‘thank you sir’ while telling their family back in India of their American success. I was in Plainsboro over the weekend for family event. I had not been in Hillsborough/Plainsboro/Princeton area for a decade. Went to get a 6 pack and pizza around 9pm in Plainsboro. The line for beer was all Indian people. Hit Romano’s pizza next door. All Indians waiting for pizza. It is truly unreal in terms of how fast demographics have shifted.

  49. The Original NJ ExPat says:

    Pumps – Is this how they taught you to converse in your Ph.D program?

    There has to be a bunch of jerk offs taking jobs at lower and lower rates in your field. These people need to look in the mirror, and realize they have to draw a line in the sand and not accept bs offers. Yes, you have to survive, but you also can’t sit here and sell yourself short by a mile.

    I have no idea why there are so many got damn idiots out there, screwing it up for everyone else by taking a job for cheaper than it’s worth. They then become a barometer for that job to participate in the race to the bottom. Idiots!

  50. The Original NJ ExPat says:

    Pumps – Reminds of this gem, advertising your extensive education with your big college words:

    The Great Pumpkin says:
    September 12, 2017 at 3:09 pm
    Expat, I hold three degrees. Stfu with your assumptions.

    I chose Wayne. Wayne didn’t choose me. If I wanted to live in jersey city I would, but I chose Wayne. I’m way more educated about the economy and local housing market than most.

  51. The Great Pumpkin says:

    Bystander,

    I have never put you down, why do have to take shots at a guy being empathetic towards you? Maybe this bad attitude is playing a part in your labor search. You know karma…

    I understand that immigrant Indians are destroying your field of labor. I was simply suggesting that your field do something about it. Start boycotting working for someone that employs these labor tactics of taking advantage of Indian labor. You have a bunch of short sighted Americans training their replacements. Tell them to wake the f’k up and boycott training your future replacement. I would try hard to start organizing this. Use all social media outlets to start this up. It can be done, but someone has to start organizing it.

  52. The Original NJ ExPat says:

    Title of Pumps Doctoral Dissertation:

    Why There are So Many Got Damn Idiots Out There, Screwing it Up for Everyone Else by Taking a Job for Cheaper Than it’s Worth.

    Abstract: There has to be a bunch of jerk offs taking jobs at lower and lower rates in your field.

  53. The Great Pumpkin says:

    If need be form a union. Get donations together and start lobbying to get rid of this awful practice once and for all.

    As for the Indians reading this blog, start telling your boys to wisen up and stop ruining a perfectly good labor field. Stop working for so cheap!!

  54. The Original NJ ExPat says:

    Pumps paper begins like this:

    I’m way more educated about the economy and local housing market than most.

  55. The Great Pumpkin says:

    Expat,

    Why are you so obessed with me? I don’t go both ways, sorry.

  56. The Original NJ ExPat says:

    Because you are a liar.

  57. 3b says:

    Every body seems to have tattoos now ,men women ,young ,old. And some are covered in them and some have novels written on their bodies. I see it in my upscale gym. When I was a kid only ex military guys are motor cycle gangs had tattoos. I guess the real bad boys of today take ballet lessons.

  58. The Original NJ ExPat says:

    BTW, was Homophobia your minor in college?

    Why are you so obessed with me? I don’t go both ways, sorry.

  59. The Great Pumpkin says:

    Expat,

    You take me for a fool trying to bait me into telling you what college I went to. Leave my personal life alone.

  60. The Original NJ ExPat says:

    Or was one of your undergrad papers, “Growing up Catholic, Gay, and in the Closet”?

  61. The Great Pumpkin says:

    For the last time, I’m not gay, so stop trying to pick me up.

    The Original NJ ExPat says:
    July 5, 2018 at 2:35 pm
    BTW, was Homophobia your minor in college?

    Why are you so obessed with me? I don’t go both ways, sorry.

  62. The Original NJ ExPat says:

    No, I take you for a liar and you offer up evidence every day. BTW, did you get all three of your degrees at one college? Most people with advanced degrees don’t.

    You take me for a fool trying to bait me into telling you what college I went to. Leave my personal life alone.

  63. The Original NJ ExPat says:

    Maybe you took classes in jail with your Dad?

  64. Bystander says:

    OMG, you are a serious fool. Yes, my job search is tough because I put you down and karma is getting me. Get over yourself. There are tons organizations fighting to halt H-1B. One of the Orange moron’s election points was to end the program. Of course he is doing nothing but speed bumps. Issa put forth raising salary to 100k back in Nov but it has gone no where in Congress. The H-4 (aka spouses of H1-B taking jobs) has not been stopped by Trump even though tough talk. That is his MO, rattle through Twitter and headlines but do nothing behind scenes. I let my voice be known to my state reps. Hartford “won” an Infosys hub recently. I sent message to reps about the damage of H1-B to no avail. They congratulated each other for bringing 1k jobs to CT. They even kicked in tax money. No guarantee that they wont go to H1s either. Union? For who, every tech worker in America? Good luck. Most would never sign up let alone pay dues.

  65. grim says:

    Skip the union stage and go directly to mafia.

  66. Blue Ribbon Teacher says:

    Morocco was the best.the fish and chips on the water is great as well.

  67. Blue Ribbon Teacher says:

    The only place ibuy from in point pleasant isPoint Lobster Company.

    California grill.at.the contemporary was great.

  68. The Original NJ ExPat says:

    Orange moron – another good nickname for Pumps.

  69. Libturd questioning the gender of Hillary's Cankle fluid. says:

    Pumps on the Down Low?

  70. Bystander says:

    I thought he was the Clifton moron. I love how he thinks his skillset is so superior that he could never be impacted by cheap labor visa. It is everyone else’s problem. Post after post about greedy, subversive CEOs but yet NJ is set for big RE and wage gains. Logical dissonance at its finest. He and his wife (or is it black domestic partner?) get 12% bumps while many of us barely see a dime. Blind..

  71. ex-Essex says:

    *******Hogwash**************************Hogwash***********
    Private payrolls grew at a disappointing rate last month as businesses struggled to find enough new hires, ADP and Moody’s Analytics said Thursday.

    Jobs in the U.S. grew by 177,000 in June, the report said, while economists polled by Thomson Reuters expected a gain of 190,000. June also marked the fourth straight month of jobs growth below 200,000. Jobs growth for the previous month, however, was revised up by 11,000 to 189,000.

    “Business’ number one problem is finding qualified workers,” Mark Zandi, chief economist at Moody’s Analytics, said in a statement. “At the current pace of job growth, if sustained, this problem is set to get much worse. These labor shortages will only intensify across all industries and company sizes. ”

  72. The Original NJ ExPat says:

    Pruitt Resigns.

  73. 3b says:

    I know many people in many different private sector industries and no one has seen double digit raises in the last years. It’s been anywhere from 0 to about 3 percent. The only way young people are getting any real wage increases in some industries is my leaving they get a 10 to 20k bump perhaps and then it’s right back to the 0 to 3 percent.

  74. Juice Box says:

    Nice to see they are making progress draining the cave those boys in Thailand are stuck in.

    “Thai cave rescue: army drains site in bid to free boys before monsoon
    Hundreds of pumps clearing water along 4km path in hope of avoiding need for scuba gear”

    “We [are] target[ing] the water in the third chamber to reduce to the point that no diving equipment is needed, like to the waistline, so one can wear just life jackets and walk out,” Woongsatngiem said on Thursday.

    Clearing the third basin would leave another 2.5km of path to the boys, whose ages range from 11 to 16. A Chinese diver at the site, Wang Ying Jie, said about half that remaining path would be walkable in the right conditions; the maximum water depth they would need to cross is about six metres.”

    https://www.theguardian.com/world/2018/jul/05/rescuers-draining-thai-cave-in-hope-football-team-can-walk-out-before-rains

  75. Bystander says:

    Ex Essex,

    Corrected – “Business’ number one problem is finding qualified workers at slave wages,” Mark Zandi, chief economist

  76. Very Stable Genius says:

    @NYDailyNews

    Kennedy
    Dubke
    Reid
    Deare
    Yates
    Flynn
    Comey
    Bharara
    Spicer
    Priebus
    Mooch
    Bannon
    Gorka
    Price
    Omarosa
    Porter
    Raffel
    Hicks
    Cohn
    McEntee
    Tillerson
    McMaster
    Shulkin
    Pruitt

  77. Very Stable Genius says:

    @robreiner

    The second most corrupt person in Trump’s administration just resigned.
    Now let’s get the biggest Swamp Thing outta there.

  78. Blue Ribbon Teacher says:

    I got a 40% raise. All it took was getting out of the stranglehold of my union.

  79. Libturd questioning the gender of Hillary's Cankle fluid. says:

    Swamp Thing. Why that’s more cleverer than going to Disney in Hawaii.

  80. Very Stable Genius says:

    @nytimes

    A $50-a-night condo,
    a $43,000 soundproof booth and
    a $3.5 million security team:
    Scott Pruitt was facing 13 federal inquiries amid resigning from the EPA

  81. Libturd questioning the gender of Hillary's Cankle fluid. says:

    I suppose if I was married to Laverne, I too would find something (anything) to do besides living off of All in the Family residuals.

  82. Libturd questioning the gender of Hillary's Cankle fluid. says:

    Penny’s looking pretty good these days.

    https://bit.ly/2zb5BhG

  83. Libturd questioning the gender of Hillary's Cankle fluid. says:

    Don’t like the source?

    Here’s a newer one.

    https://bit.ly/2u8bsyR

  84. Bystander says:

    Lib,

    Even more recent:

    https://goo.gl/images/jV4i9T

  85. Libturd questioning the gender of Hillary's Cankle fluid. says:

    Very good!

  86. Ex-Essex says:

    That was Reiner’s first wife. The second is a bit hotter, But more importantly what happens to the women in Rob Reiner’s orbit: Example one: Sally Struthers

  87. The Original NJ ExPat says:

    4:45

    Just that Bharara is on that list shows what a truly feckless cunt the author is. The aggregate press has to be at it’s lowest IQ level in history.

  88. Ex-Essex says:

    “My friend Sam who is a stutterer stuttered on his name when ordering a coffee at Starbucks. The barista said, “Okay, S-s-s-sam.’ When he received his coffee, he was shocked to see that his name on the cup was written as “SSSAM”, which was disrespectful,” Lekwijit wrote in his Facebook post.

    In an effort to have the issue addressed, Sam reportedly reached out to Starbucks Customer Service and received a standard email along with $5 gift card as an apology.

    “Clearly, Starbucks missed the point. It was about how you treat people with speech impairments, not how you write names,” Lekwijit continued.

  89. The Original NJ ExPat says:

    hint for uneducated Pumps – Bharara was the one US attorney who refused to hand in his resignation when requested, so Trump fired him. Prior to that Schumer recommended that Trump should endorse Bharara to be a special counsel to get to the bottom of Russian “meddling”.

  90. Libturd questioning the gender of Hillary's Cankle fluid. says:

    I don’t follow celebrities too closely if at all. Had no clue they went splitsville. Of course, it usually takes multiple marriages for most shallow celebrities and politicians to figure life out.

  91. The Original NJ ExPat says:

    They should have given him S-s-s-seven dollars.

  92. The Original NJ ExPat says:

    3b – Anybody comfortably over 6 figures, this is exactly what I’ve seen in Boston for a long, long time. Of course, A few years ago I emailed my two week notice on Christmas eve, mostly because I didn’t want to fill out the exhaustive “self appraisal” just to get the same 2-2.5% raise 3 months later (my company gave increases and maybe bonuses at the end of March). My boss accepted my resignation and said I didn’t have to stay past the end of the year. Within 5 days they gave me a 20% raise to stay, primarily in response to my extensive list of responsibilities that I forwarded so they could hire an appropriate candidate.

    I know many people in many different private sector industries and no one has seen double digit raises in the last years. It’s been anywhere from 0 to about 3 percent. The only way young people are getting any real wage increases in some industries is my leaving they get a 10 to 20k bump perhaps and then it’s right back to the 0 to 3 percent.

  93. Ex-Essex says:

    6:03 he’ll probably s-s-s-s-sue

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