Prices up, Rate up, Mortgages up

From HousingWire:

CoreLogic: Home prices will rise in 2019

In 2018, the principal-and-interest mortgage payment on the median-priced home climbed by more than 16%, according to the latest data from CoreLogic.

CoreLogic reports that although the median home price rose by less than 6% over the past year, prospective buyers are in for a rude awakening come 2019.

According to the company’s forecast, American home prices will rise by almost 5% year over year in September 2019. In fact, it claims that some mortgage rate forecasts point to mortgage payments climbing to more than 11%.

“A consensus forecast suggests mortgage rates will rise by about half of a percentage point between September 2018 and September 2019,” CoreLogic writes. “The CoreLogic HPI Forecast suggests the median sale price will rise 2.7% in real, or inflation-adjusted, terms over that same time period.”

CoreLogic says based on these projections, the real typical monthly mortgage payment would rise from $912 in September 2018 to $994 by September 2019. This is an 8.9% year-over-year gain, which equates to a nominal year-over-year gain of 11.3% in 2019.

That being said, the latest CoreLogic Case-Shiller report indicated that although home prices were slowly increasing, most cities across the country saw a boost from the prior year.

“The combination of higher mortgage rates and higher home prices rising faster than incomes and wages means fewer people can afford to buy a house. Fixed rate 30-year mortgages are currently 4.75%, up from 4% one year earlier,” S&P Dow Jones Indices Managing Director and Chairman of the Index Committee David Blitzer said. “Home prices are up 54%, or 40% excluding inflation, since they bottomed in 2012. Reduced affordability is slowing sales of both new and existing single-family homes.”

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

120 Responses to Prices up, Rate up, Mortgages up

  1. Yo! says:

    In NJ, 40% of buyers don’t use mortgages, they pay ALL CASH, so interest rates don’t enter the equation for a big share of buyers in this market.

  2. Blue Ribbon Teacher says:

    Ocasio-Cortez’s climate plan would reduce U.S. carbon emissions to zero — and eliminate the use of fossil fuels — within 12 years.

    Haha, that’s funny.

  3. grim says:

    The average age of cars and trucks in the US is 12 years right now.

    Meaning, we’d need to start handing out electric cars today, and in 12 years, we might have 50% of vehicles on the road being electric.

    Let me know when I can pick up my free Tesla.

  4. grim says:

    The bigger problem though, is heating homes.

    Average lifespan of a home boiler is likely 20 years, with a fairly LONG tail.

    Electric is far too expensive to heat homes with.

    So what, those little thermal nuclear reactors that Russia used to power lighthouses?

  5. grim says:

    For example, my boiler is a good 40 years old.

    It’s nearly as efficient as a new non-condensing boiler, and is in perfect shape. It could easily last another 20 years.

    There is nearly zero ROI on replacing this boiler. Replacing it with a new condensing boiler, that condensing boiler probably won’t last as long as this old one will, and the energy savings doesn’t even begin to payback the cost of the new boiler.

    You never replace a boiler that is running, ever, it doesn’t matter how old.

    A typical 240v 200amp service does not have enough electrical capacity to heat the house, heat water, and charge two electric cars. It doesn’t have enough capacity to even heat a home. We would need to revamp the entire electrical grid to move to at least 480v single phase, if not 3 phase.

  6. Libturd, can't say I didn't warn you. says:

    Better off pumping steam from cogen stations to heat homes if you really want to use electric. Would require the installation of an awful lot of steampipes though.

  7. grim says:

    240v 200a is 48kw total power. This is equivalent to ~165,000btu, total capacity, maximum, meaning no other power being used. Realistically, at 80% capacity, we’re only talking about 130kbtu, for combined water and heating.

    This is sufficient for a 1,000-1,500 square foot house (a somewhat energy efficient one).

    Again, this is using no other power. The bill at current rates, would be stratospheric – $1500-2000 a month using heating, upwards of $4000 a month for a 3000 square foot home.

    So, in short, it’s impossible. Our current electrical infrastructure can not possibly support heating homes with anything other than fossil fuel.

    I don’t see how generating even more expensive electricity (solar and wind), is going to make this transition any easier. Maybe Cortez will hold a fireside chat, asking us to wear sweaters instead?

    Oh wait, can’t burn wood.

  8. Blue Ribbon Teacher says:

    The party that claims they are he champions of science consistently puts forth these unreachable carbon emission goals.

  9. Phoenix says:

    Best way to heat a home is passive solar. For most homes the only way to do this is to do it from the ground up, it can be done for some existing homes, but not many, and at great cost.

  10. Chicago says:

    She is just showing what a rank amateur she is. The problem is that Sanders talks the same way. At bottom, it is insulting and reflects arrogance.

    Blue Ribbon Teacher says:
    January 6, 2019 at 9:24 am
    Ocasio-Cortez’s climate plan would reduce U.S. carbon emissions to zero — and eliminate the use of fossil fuels — within 12 years.

    Haha, that’s funny.

  11. joyce says:

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  12. Bruiser says:

    It is not about ever reaching the goal. It is about setting forth an unreachable goal, and then spending the next 30-40 years in power attempting to get closer to that goal by exacting more & more control over the economy and citizenry.

    Blue Ribbon Teacher says:
    January 6, 2019 at 10:58 am
    The party that claims they are he champions of science consistently puts forth these unreachable carbon emission goals.

  13. Not Grimsky says:

    Grim, a few months ago you talked about shutting down the site. You got my vote, and by visits you can tell the quality of the discussion here has gone down in IQ points and quality is hovering just above a FOX related site.

    The future of energy is along these lines
    https://en.wikipedia.org/wiki/Distributed_generation

    However, you are not going to see here for a long time because of bending over to the Corporate overlords and the fanatics to the libertarian aka economic aristocracy view, instead of being pragmatic according to the problems and facts in front of you, which leads to all the rent seeking behavior that makes a 30 day supply of Sprycel $12,000 in the US and $300 in India where is manufactured.

    The health rent seeking behavior is what Amazon, Chase and Berkshire are trying to crack or preferably to transfer to their control so they can get a piece of the “toll”. But what really need to be done, no one wants to talk clearly about it, because it will go against the “free market” dogma. By the way same problem the USSR had, fixing a problem pragmatically went against ideological dogma, until they failed.

    Sometimes you need to take control, standardized and get it done. Energy is just like that. Health is just like that. Just like the US Railroad Administration https://en.wikipedia.org/wiki/United_States_Railroad_Administration
    was required to get military cargo to get cross country for WW1.

    Until we get to failure, it won’t be tried because of dogma. The good thing, the boomer leadership in government and business is so abhorrently incompetent and morally and intellectually bankrupt, that will get there faster than anyone thinks. But it will take Trump’s 2nd term to get there and cleaning house of the Clinton Democrats will be the first signs (Pelosi/Biden/any old boomer geezer Clinton hangers)

  14. Libturd, can't say I didn't warn you. says:

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  15. Grim says:

    What does distributed generation have to do with last mile infrastructure and the basic economics of electricity?

    Keep in mind I was an early adopter of electric cars.

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  17. Blue Ribbon Teacher says:

    A properly developed infrastructure for the U.S. for the next 50 years has already been established. Natural Gas and Oil are your friends. The fear mongering about habitability and the rise in sea level projections being tossed out there are laughable. Global warming is occurring, and it’s likely an economic benefit to the U.S. and the rest of the world for that matter. Show me the data in which global warming negatively affects food production and GDP? It doesn’t exist.

  18. joyce says:

    BRT,
    Definitely, as well as nuclear power.

  19. ExEssex says:

    Everything in our house – excluding Dryer, Water Heater, & stove – is electric.
    All of that is solar. Zero electric bill each month. $234 a month solar / 26oo sq ft.

  20. Grim says:

    Another benefit of global warming, all of the US will be as warm as SoCal year round to not need heat.

  21. Phoenix says:

    It did not help the solar panel industry when panels had tariffs applied. That tariff was a gift to the electric company. Sure they are not the answer to all energy needs, not able to be placed everywhere, and don’t last forever, but they do work, they are getting better, so why not use them as an assist. Power companies do put them on the poles themselves- once the cost is paid for, it’s good energy for no cost.

  22. Phoenix says:

    BRT,
    Do you believe that the quantities of Natural Gas and Oil are finite?
    If so, do you believe that your grandchildren, or great grandchildren will still have this source of energy around?

  23. walking bye says:

    Those old cast iron boilers are great and last forever. Mine is 45 plus years old as well. The newer efficient boilers are aluminum heat exchangers, and require the water to be ph balanced /treated on an annual basis. So whatever you save in heating costs will be eaten up by the annual maint visit. No visit = no warranty when it cracks.

  24. Mike S says:

    My boiler is from the 70s as well running strong.
    Why would I want to replace it?

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  26. Grim says:

    The discussion is about why the US can not eliminate fossil fuels in 12 years.

    No part of this discussion is anti-green energy.

  27. Phoenix says:

    Electric heat is 100% efficient.
    Now producing that electricity……..

  28. Phoenix says:

    “The discussion is about why the US can not eliminate fossil fuels in 12 years.”

    This is impossible.

  29. ExEssex says:

    Gas heater on the pool / jacuzzi which is $$$$ to run. They make a system that pipes water through the solar panels and keeps the temps of the pool warmer year round. Costly system but well worth it if you really use a pool out here. Not currently in the budget, but it’d be nice to warm that sucker using solar. Muuuuuch cheaper than natural gas.

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  34. Bruiser says:

    You cost shifted your electric bill from PSE&G to the solar company.

    ExEssex says:
    January 6, 2019 at 9:32 pm
    Everything in our house – excluding Dryer, Water Heater, & stove – is electric.
    All of that is solar. Zero electric bill each month. $234 a month solar / 26oo sq ft.

  35. Libturd...look me up in Costa Rica says:

    Essex. Buy one of those solar covers with bubbles in it. They heat the water incredibly quickly and at zero electric cost. I have friends out on Long Island that have been using the one they bought in the 80s. They have a large pick up roller on one side of the pool. Smartest thing I’ve ever seen. Pool gets too hot at times. Only run heat on hot tub. Heating a pool with gas is akin to making a cup of tea in a lobster pot.

  36. D-FENS says:

    anyone see any brine pre-treat trucks out today? up to an inch of snow and some ice predicted tonight. I’ve seen no pre-treatment trucks.

  37. Libturd...look me up in Costa Rica says:

    Tomorrow morning’s commute could be slippery, but there won’t be a lot of snow. Still, would have no issue if Murphy chose to brine. With that said, it would most likely be a waste.

  38. D-FENS says:

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    Follow Follow @marcorubio
    More
    The shutdown is not the reason Senate Democrats don’t want to move to Middle East Security Bill.

    A huge argument broke out at Senate Dem meeting last week over BDS. A significant # of Senate Democrats now support #BDS & Dem leaders want to avoid a floor vote that reveals that.

  39. Blue Ribbon Teacher says:

    Do you believe that the quantities of Natural Gas and Oil are finite?
    If so, do you believe that your grandchildren, or great grandchildren will still have this source of energy around?

    Of course they are finite. I already have solar on my roof because it was free on my end. That doesn’t make it a good investment. The loser is the taxpayer paying the subsidies for this to happen. Solar panels are likely going to be a lot better in 20 years. It makes absolutely zero sense to invest a gigantic portion of the nation’s money into it now. Let the technology become better and more economical.

    Furthermore, the nation should be embracing nuclear. Is natural gas and oil the long term solution? Of course not. But solar/wind is not the short term solution or even the long term solution yet.

  40. D-FENS says:

    Trump is big on cutting regulations. He should cut regulations that would accommodate Bill Gates project in the US

    https://www.wsj.com/articles/trumps-tech-battle-with-china-roils-bill-gates-nuclear-venture-11546360589

  41. texting says:

    The rate I got was 4.25 in Sep. The new rate I got was 3.75 that was friday..So mortgage rates are down..

    I saw people lined up for a 2 family open house sunday.. There was like a family of 8 people doing the open house and they didn’t even have a car.. Strange market, strange people… have zero clue what is going on… This is in south Bergen train town

  42. chicagofinance says:

    Climate change is real…… but is it a bad thing? If so, why?

    Anyway, most of human suffering….. libs point to sub-Saharan Africa…. is beacause of CORRRUPT GOVERNMENTS…. we should focus THERE…. all the green crap is garbage…. why should Europe and America have had the benefit of fossil fuels when India and China are nascent economies….. greens are idiots…. the U.S. is a sh!t stain on the global warming underwear….

  43. D-FENS says:

    https://www.gatesnotes.com/About-Bill-Gates/Year-in-Review-2018?mod=article_inline

    Energy

    Global emissions of greenhouse gases went up in 2018. For me, that just reinforces the fact that the only way to prevent the worst climate-change scenarios is to get some breakthroughs in clean energy.

    Some people think we have all the tools we need, and that driving down the cost of renewables like solar and wind solves the problem. I am glad to see solar and wind getting cheaper and we should be deploying them wherever it makes sense.

    But solar and wind are intermittent sources of energy, and we are unlikely to have super-cheap batteries anytime soon that would allow us to store sufficient energy for when the sun isn’t shining or the wind isn’t blowing. Besides, electricity accounts for only 25% of all emissions. We need to solve the other 75% too.

    This year Breakthrough Energy Ventures, the clean-energy investment fund I’m involved with, announced the first companies we’re putting money into. You can see the list at http://www.b-t.energy/ventures/our-investment-portfolio/. We are looking at all the major drivers of climate change. The companies we chose are run by brilliant people and show a lot of promise for taking innovative clean-energy ideas out of the lab and getting them to market.

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    The world needs to be working on lots of solutions to stop climate change. Advanced nuclear is one, and I hope to persuade U.S. leaders to get into the game.

  44. Juice Box says:

    Carbon neutral and Solar? Leaving the home out of the carbon equation to fully go carbon neutral with an electric car say a Tesla, for example, it boils down how many panels you need to put up and how to store that power.

    Around here you would need your own solar farm of 30 panels producing 250 watts each to charge a Tesla for 25 miles of driving every day. 8.25 kWh a day is needed to go 25 miles in a Tesla.

    Extrapolate that out for your driving needs.

    Then there is the problem of storing that solar for nighttime charging, sure batteries, compressed air but there isn’t any reliable system yet, the Powerwall looks very expensive to keep and maintain overtime.

  45. Bystander says:

    Captain cheapo has a pool knowledge? Where were you this summer? My blanket started deteriotating after 3 years. Seems standard life. What type did friends buy?

  46. Juice Box says:

    The pool bubble covers mostly prevent heat from escaping at night and evaporation, as well as a breakdown of the chemicals. You won’t get your pool up to 80 degrees much sooner using a bubble cover, at most maybe 5 degrees hotter over an entire day of heating in direct sunlight. It is the cheapest way to warm your pool up a bit.

    But to really heat a pool up the next step would be rooftop mounted solar heaters with a pump system to move the water. After that gas, or an electric heat pump.

    I have tried a red neck pool heater, but the neighbors got pis*sed when I started chopping all my trees for more wood.

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  47. The Original NJ ExPat says:

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  48. The Original NJ ExPat says:

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  51. The Original NJ ExPat says:

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    January 7, 2019 at 10:31 am
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    I spewed my coffee at that one.

  54. Comrade Nom Deplume, the Hottest says:

    “You won’t get your pool up to 80 degrees much sooner using a bubble cover, at most maybe 5 degrees hotter over an entire day of heating in direct sunlight. It is the cheapest way to warm your pool up a bit.”

    I use a solar cover and my pool has direct sun most of the day. In hotter weather, it gets bathtub warm, too warm really. So I am a believer in these.

  55. Bystander says:

    Juice, Nom

    That is my finding. If we get 85 – 90 days then blanket does not help much. Mostly used for cool overnights. Lots of x factors. A deep pool is tough for heating. Mine is shallow so blanket works ok. I like it colder but skinny young kids then 80 is about min.

  56. ExEssex says:

    8:06 Totally, the deal was in place when we bought the house. I know very little about the terms (silly me right?!) but it is a fixed cost that doesn’t change. Not sure which is better, leasing these puppies…or buying outright. I’m sure they are costly as hell. Also not sure how long the deal runs. I’m sure at some point to equipment will be dated and need replacement. No idea. I like the place, it’s more house than I need or every thought I would want, But it is fine for our purposes and there is a big public school down the street that’s providing a decent education for the kid. I guess it all balances out somehow. I will look into the whole “cover” idea for the pool. Sounds very interesting.

  57. chicagofinance says:

    Need a recommendation for food….

    Client staying at Hilton Meadowlands…. long-term friend; just a place that is upscale and memorable enough to be appropriate, but not white table cloth – hopefull no scene either; he is from Wellesley-area so I though Montclair would be cool….MSNBC-type….. no Asian/Indian stuff or fish

  58. Not Bloomberg News says:

    I’m thinking people need to be ignoring “social media”…

    The New York Times reports on a “false flag” operation by Democrats in the fiercely contested 2017 Alabama Senate race, involving the “Dry Alabama” Facebook FB, -0.37% page and Twitter feed. As the Times writes, it appeared to be the work of Baptist teetotalers who supported the Republican in the race, Roy Moore. But in fact, the “Dry Alabama” campaign was the creation of progressive Democrats who were out to defeat Moore. It was the second such secret effort to be unmasked. Democrat Doug Jones won the election.

  59. Blue Ribbon Teacher says:

    ChiFi,

    before Nets games when they were in the finals, that year, we used to go to Segovia in Little Ferry prior to the game. Spanish/Portuguese steakhouse and seafood. Amazing food and good sangria.

  60. 1987 Condo says:

    Segovia–Soup is included!

  61. Blue Ribbon Teacher says:

    Having a nation below the poverty level is catastrophic to the environment. The wealthier nations get, the more people start caring about the environment around them. The goal should be to allow these nations to escape poverty. Fossil fuels are the only thing that has ever allowed a nation to do that.

  62. leftwing says:

    “I hope he appoints a woman. It will be so entertaining to see the #MeToo movement attack her yearbook.”

    For a variety of reasons:

    https://en.wikipedia.org/wiki/Amy_Coney_Barrett

  63. Juice Box says:

    Chi – how about a casual restaurant with great beer selection and live performances of horsemanship & falconry plus a 4-course, utensil-free meal served in a castle-like space?

    https://goo.gl/maps/7s6WyoQBNhM2

  64. The Great Pumpkin says:

    I think one of the biggest threats is the warming of the oceans. It’s creating massive dead zones, where there is not enough oxygen to maintain life. Fish keep moving farther north. All of this will have massive implications for our food chain. Will human life go on, sure, but we have no idea of the long term impact on this planet. Totally changing the food chain in short amount of time….

    chicagofinance says:
    January 7, 2019 at 9:39 am
    Climate change is real…… but is it a bad thing? If so, why?

  65. chicagofinance says:
  66. chicagofinance says:

    Batting practice fastball…….

    The Great Pumpkin says:
    January 7, 2019 at 12:48 pm
    It’s creating massive dead zones, where there is not enough oxygen to maintain life.

  67. The Great Pumpkin says:

    Chi,

    Laurel and Sage in Montclair is a good byob place…..it’s a small place that focuses on food rather than cool setting/location, but might interest you.

  68. The Great Pumpkin says:

    Read a good article about how the Rhode Island fisherman are benefiting from the change in ocean temperatures. Alaska fisherman are pretty screwed, as well as fisherman in Maryland and Carolinas. The fish have moved too far away…

    I will try to find the article when I get some time.

    chicagofinance says:
    January 7, 2019 at 12:56 pm
    Batting practice fastball…….

  69. Greentalk says:

    Fuel Cell for home electricity. At one point, these guys were going to develop a smaller version of their commercial units. If they ever did, a case could also be made to modify NG delivery systems to residential to increase the pressure the gas is delivered at so NG powered cars could refuel at home. Google was one of Bloom Energy’s early adopters.

    https://www.bloomenergy.com

    Cummins working on NG engines for trucks:
    https://www.cumminswestport.com/natural-gas-academy-videos/engines

  70. No One says:

    Chifi,
    Chart House in Weehawken offers excellent views of Manhattan (right on the Hudson) and has adequate food for the price, oriented toward seafood. Not a foodie place but most out-of-towners appreciated the overall package of food and view.

  71. The Great Pumpkin says:

    Did anyone watch 60 minutes last night? Good subject for today’s discussion. It was the last part of the episode. Some guy has figured how to use plants to extract energy. He has figured out how to break down the cell walls and release the energy in the form of sugar that plants make. Brilliant dude. Going to change our world.

    He spent 15 years in isolation working on this. He has no degrees in this field and somehow pulled off what scientists at MIT (world scientists in general) were unable to figure it out.

  72. The Great Pumpkin says:

    Chi,

    Another place in rutherford that is good, but might too formal is Cafe Matisse. Really great food. My wife wants to try some place called Elia in East Rutherford based on modern Mediterranean. Maybe want to check that out.

  73. Libturd...look me up in Costa Rica says:

    Chi:

    Italian there’s an excellent place in Clifton right off of 3 named Matthew’s Italian Restaurant. Really good Italian and not too fancy. Fancier I would say Fascino in Montclair. Pumps suggestion of Laurel & Sage was actually quite a good one, especially since there is parking. Finally, I would also suggest the Barrow House for the same reasons. Easy parking, not to pretentious, excellent food. Also in Clifton, apparently the new hotbed fir haute cuisine up here (though it’s really the cheaper rent attracting them).

  74. The Great Pumpkin says:

    “This unlikely inventor calls himself messianic, as in the messiah. And likes to say, matter-of-factly, that he is “saving the world.”

    Lesley Stahl: And that’s what you think?

    Marshall Medoff: Yes.

    Lesley Stahl: You think, “I’m saving the world.”

    Marshall Medoff: I don’t think. I don’t think, I know that.

    Who says things like that? Marshall Medoff does. He’s a man on a mission who decided one day that he was going stop global warming.”

  75. Libturd...look me up in Costa Rica says:

    That plant guy reminds me of an excon who spent 5 years in jail and used his time there wisely. He convinced the warden to let him build a full size craps table in the prison shop and spent most of his hard time practicing setting the dice. Once out, he made millions before he got caught. Greed, as usual, got him. As a small time hustler, he was doing fine making a few 100K a year which he could have easily retired upon and would have never been caught. Instead, he hooked up with another cheater, went for millions and is now in jail for life.

  76. Libturd...look me up in Costa Rica says:

    Sorry Chi, but that Colts Neck distillery is trying WAY too hard. Just the label alone screams desperation. I bet the owner is a hipster with an oversized inheritance and a handle bar mustache. Distilled with enthusiasm. I guarantee you somewhere on their label is the word “artisan.”

  77. Libturd...look me up in Costa Rica says:

    I see the bourbon head was a big time NYC ad exec. Pure luck. Chi, let me know when his fountain stops.

  78. The Great Pumpkin says:

    I don’t know why I didn’t think of that, but Lib is right about the Barrow House. I think it might be what you are looking for.

    As he is most of the time, Lib is on point with his advice.

  79. Blue Ribbon Teacher says:

    As far as the oceans go, the only thing you really need to worry about it China and Southeast Asian fishing. They are willing to destroy the entire ocean in search of a quick profit. New England took the steps to clean up their waters and wild life is thriving. So much so that in Maine, Lobster prices collapsed temporarily.

  80. Libturd...look me up in Costa Rica says:

    “Lobster prices collapsed temporarily.”

    Might be permanent as there are so many. Now if we could get the cod fishing industry to do the same, we’d be golden.

  81. Blue Ribbon Teacher says:

    Sorry Chi, but that Colts Neck distillery is trying WAY too hard. Just the label alone screams desperation. I bet the owner is a hipster with an oversized inheritance and a handle bar mustache. Distilled with enthusiasm. I guarantee you somewhere on their label is the word “artisan.”

    I’ve seen people market their crappy product properly to get a lot of success. There was a pizza shop in Philly that opened a few years back, Pizzeria Beddia. He was a hipster that put forth a story of a kid in search of the best ingredients and emulating the best pizzerias (Bianco in Phoenix, DiFara in Brooklyn etc…). In the end, what he touted as the best ingredients was the Lioni Mozzarella you can buy at shop rite and the crushed tomatoes from Jersey Fresh. Decent, but not even close to the best. In fact, better Mozz and Tomatoes were down the road at the Italian Market. It’s just that he could order these from a supplier. He limited himself to 50 pizzas per day to automatically created a sense of demand. That alone forced the hipsters to line up hours ahead of time every day and proclaim it the best. It was slightly above your average Jersey slice joint. He got written up in a bunch of magazines and book deal for making average pizza.

  82. Blue Ribbon Teacher says:

    So he’s going to stop global warming by collecting all the plant material that should be composted to regenerate the soil? If his plan were carried out on a grand scale, it would accelerate global warming because plants would be in a less habitable environment. Taking oil beneath the ground doesn’t hurt the soil’s fertility. Using plants to produce combustible fuels does.

  83. The Original NJ ExPat says:

    Rutt’s Hut

  84. The Original NJ ExPat says:

    Cowardly Pumps – any calls this week?

    I thought not.

    The Original NJ ExPat says:
    January 5, 2019 at 3:29 pm
    BTW, here’s what a Pumpkin call NEVER looks like:

    The S&P 500 will climb to 2593.36 this week and then drastically reverse.

  85. chicagofinance says:

    Depends who you talk to……. BloombergIS says it is due to climate change…. pricks

    Blue Ribbon Teacher says:
    January 7, 2019 at 2:08 pm
    New England took the steps to clean up their waters and wild life is thriving. So much so that in Maine, Lobster prices collapsed temporarily.

  86. chicagofinance says:

    Yeah….. but now I have a ready made venue for client events…… Kane and Carton aren’t-allowed-to-do-it/told-me-to-fcuk-off…..

    Libturd…look me up in Costa Rica says:
    January 7, 2019 at 1:40 pm
    I see the bourbon head was a big time NYC ad exec. Pure luck. Chi, let me know when his fountain stops.

  87. chicagofinance says:

    Jerry Lewis does it again……once again you are golden…… thank you

    I wish one day that a Messiah could miraculously take the hair from your back, crack, and sac and transplant it on your head.

    To all others……. thanks for the great ideas…… they will all be put to good use sooner or later…..

    Libturd…look me up in Costa Rica says:
    January 7, 2019 at 1:16 pm
    Finally, I would also suggest the Barrow House

  88. chicagofinance says:

    Also, his real estate is going to create success…… next door to Delicious Orchards and right off 18……. endless supply of foot traffic…..

    Libturd…look me up in Costa Rica says:
    January 7, 2019 at 1:40 pm
    I see the bourbon head was a big time NYC ad exec. Pure luck. Chi, let me know when his fountain stops.

  89. The Great Pumpkin says:

    Right now, the only call for pumps is to buy apple/amazon, and that “roaring 20’s 2.0” is coming.

    In all honesty, if I’m correct about the roaring 20’s 2.0 coming to town, you pretty can’t lose right now by investing long term in real estate (good locations, not middle of nowhere) and strong companies like Apple.

    The Original NJ ExPat says:
    January 7, 2019 at 2:40 pm
    Cowardly Pumps – any calls this week?

    I thought not.

  90. The Original NJ ExPat says:

    Would that be a good thing? ;-)

    I wish one day that a Messiah could miraculously take the hair from your back, crack, and sac and transplant it on your head.

  91. The Original NJ ExPat says:

    Got it. Nebulous, non-specific, cowardly. I think it will be hotter in July than today. Also, gas prices will go higher. Don’t forget to congratulate me on my great calls.

    Right now, the only call for pumps is to buy apple/amazon, and that “roaring 20’s 2.0” is coming.

  92. The Great Pumpkin says:

    I think I remember him saying in the interview that he doesn’t expect to replace every other source of energy, but to compliment it.

    The byproduct from his process also creates sugar that can lower obesity. It’s a type of sugar that doesn’t rot teeth and doesn’t make people so fat. Guy is pretty amazing for what he has already achieved…..a man just going after a “purpose” in life and everyone is for the better for it. I can only dream of doing such a thing with my life.

    Blue Ribbon Teacher says:
    January 7, 2019 at 2:28 pm
    So he’s going to stop global warming by collecting all the plant material that should be composted to regenerate the soil? If his plan were carried out on a grand scale, it would accelerate global warming because plants would be in a less habitable environment. Taking oil beneath the ground doesn’t hurt the soil’s fertility. Using plants to produce combustible fuels does.

  93. The Original NJ ExPat says:

    In all honesty, if I’m correct about the roaring 20’s 2.0 coming to town, you pretty can’t lose right now by investing long term in real estate (good locations, not middle of nowhere a highway)

  94. The Great Pumpkin says:

    I can’t predict exact values in the future for any said market. I don’t have this gift, and probably no one does. What I can do is focus on long term factors and pick up trends from it. I have successfully done this to make the calls I have made way back in 2012/13. If you think its easy to call for the return of wage inflation, housing market, and overall economy 5 years out (everyone thought the economy, housing market, and wage inflation were dead….stuck in stagnation) , I guess my calls were nothing special.

    I have also called for the biggest economic boom cycle of our lifetime almost a decade in advance. If that call holds true, please give me the respect I am due. It’s no fluke if I was able to get all these calls correct. So we will wait for the 2020’s to see what pumpkin is about.

    The Original NJ ExPat says:
    January 7, 2019 at 3:13 pm
    Got it. Nebulous, non-specific, cowardly. I think it will be hotter in July than today. Also, gas prices will go higher. Don’t forget to congratulate me on my great calls.

    Right now, the only call for pumps is to buy apple/amazon, and that “roaring 20’s 2.0” is coming.

  95. The Great Pumpkin says:

    Some highway properties become the most valuable over time, never owned a highway property, but just saying.

    The Original NJ ExPat says:
    January 7, 2019 at 3:17 pm
    In all honesty, if I’m correct about the roaring 20’s 2.0 coming to town, you pretty can’t lose right now by investing long term in real estate (good locations, not middle of nowhere a highway)

  96. The Original NJ ExPat says:

    So, Cowardly Pumps, how much money have you made with your inexact “gift” so far?

    Hahahahahhahahahahahahahahahahahahahahahahahahahahaha

  97. The Original NJ ExPat says:

    Cowardly Pumps, I haven’t kept a close count, but you must have paid about $100K in property taxes by now, right? That’s an expensive kindergarten tuition.

  98. texting says:

    Well, lets not go so hard at pumpkin. Looks like his calls were not bad

    1-Housing calls since 2012
    2-Stock market calls
    3-short term call on Amazon
    4- wage inflation

    Expat, what calls you got to show in here.??

  99. The Original NJ ExPat says:

    Anybody have a September stock market call that is still making money?

    The Original NJ ExPat says:

    September 17, 2018 at 9:11 am
    I would recommend buying NGLOY.

  100. The Original NJ ExPat says:

    BTW, it’s quite obvious that texting and Pumps are the same Clifton HS dropout.

  101. texting says:

    Not supporting pumpkin but looks like he has made the right call on RE since 2012 and you did the other way which didn’t work out..

    I’m not saying he is smart but might be lucky.. I think you go really hard at him on everything and too pessimistic on real estate in NJ. At this stage, I would give him the benefit of doubt just because his calls were better and yours way off.. Atleast in terms of real estate in NJ. Maybe you sold your house at the wrong time..

  102. The Great Pumpkin says:

    Apple would have been right there with amazon, but the China story allowed for a longer beat down…..it’s like taking money from a baby at this current price. The bad news is allowing for even greater deals on prob the best run company in the world. My god, it doesn’t get easier than this.

    Glad that you pointed out the amazon call, otherwise no one would acknowledge it like they do with all my other good calls.

    And I only said to buy all the amazon and apple you could get because blue ribbon called me out and wanted a call. Well there you go, almost 20% in a month on a no risk stock play.

    texting says:
    January 7, 2019 at 4:17 pm
    Well, lets not go so hard at pumpkin. Looks like his calls were not bad

    1-Housing calls since 2012
    2-Stock market calls
    3-short term call on Amazon
    4- wage inflation

    Expat, what calls you got to show in here.??

  103. The Great Pumpkin says:

    Come on, now. You think I would resort to that level? I get beat down in here no matter what…..what’s posting on another handle going to do for me?

    The Original NJ ExPat says:
    January 7, 2019 at 5:16 pm
    BTW, it’s quite obvious that texting and Pumps are the same Clifton HS dropout.

  104. Bystander says:

    Texting is your digital sock puppet. Like that McDummy (or someone) that disappeared after giving you a rub. The kind that reaffirms your gifted ‘matrix like’ view of the economy. The kind you played with as a child when no one else would.

  105. The Original NJ ExPat says:

    I guess Cowardly Pumpkin’s new schtick is play Sybil with herself.

    https://en.wikipedia.org/wiki/Sybil_(1976_film)

  106. Bystander says:

    Nostradumba$$?

    https://www.marketwatch.com/story/the-majority-of-americans-did-not-get-a-pay-raise-this-year-2018-12-12

    More than 60% of Americans said they didn’t get a pay raise at their current job or get a better-paying job in the last 12 months, according to a survey released Wednesday from finance site Bankrate.com.

  107. 3b says:

    Of course they are all probably a bunch of losers!

  108. Libturd...look me up in Costa Rica says:

    I’ve been a loser since 2014. Before then, I was an occasional winner, and a grand master champion in the late 90s. Those days are long gone now.

    I remember Ranger’s tickets in luxury boxes. A company account at both the Palm and the Old Homestead. Chartered flights on private jets to the U.P. of Michigan and Maine to meet with paper vendors at their mills. One mill even had the only 5 star Michelen Chef cooking in the USA working their ranch house. Free passes to MacWorld Expos which were so huge that you were lucky to cover 1/4 of the floor in a day. Limos everywhere. Parties that were so wild that the host hired models to mingle with the customers. Heck, we used to have vendors cater our office Katz, Stage and Carnegie nearly every week.

    Today, we get yelled at when we steal a bottled water from a conference room. We used to be a 1/2 billion dollar company. We were closer to a billion just a year ago. Things are really looking up for us losers.

  109. Grim says:

    Geoff from Colts is a good guy, spent a few weeks with me learning the ropes.

  110. Libturd...look me up in Costa Rica says:

    I thought he trained in Kentucky. :P

  111. Libturd...look me up in Costa Rica says:

    Did his grandpappy really say, “MuckleyEye?”

    Sounds an awful lot like Mackinlay’s.

  112. The Great Pumpkin says:

    F their survey. Data by the fed states otherwise. No way 60% of the population didn’t get a raise, but hey, maybe the other 40% are taking it all.

    Bystander says:
    January 7, 2019 at 7:45 pm
    Nostradumba$$?

    https://www.marketwatch.com/story/the-majority-of-americans-did-not-get-a-pay-raise-this-year-2018-12-12

    More than 60% of Americans said they didn’t get a pay raise at their current job or get a better-paying job in the last 12 months, according to a survey released Wednesday from finance site Bankrate.com.

  113. The Great Pumpkin says:

    Someone was driving the feds need to raise rates, but you believe 60% of the population didn’t get a raise? It’s just not making sense to me. At the end of the day, over 300,000 jobs added going into 2019. Monster numbers!! Let’s go!! Raises will come for everyone in time, they won’t have enough workers after boomers go into retirement.

  114. 3b says:

    Tickets to any event sports or otherwise! And the best seats of course! Dinner every night of the week if I wanted! And at the best Manhattan restaurants and of course Peter Lugers! Town cars home and gifts non-stop every holiday season! Those were fun days!! But we did work our butts off as well!!

  115. Blue Ribbon Teacher says:

    Also, his real estate is going to create success…… next door to Delicious Orchards and right off 18……. endless supply of foot traffic…..

    He should do a collaboration with them and make a hard Apple Cider. Delicious Orchards is still the best apple cider I’ve ever had. It’s unpasteurized which is probably the reason.

  116. The Original NJ ExPat says:

    Nostradumba$$

    That’s beautiful.

  117. grim says:

    He should do a collaboration with them and make a hard Apple Cider. Delicious Orchards is still the best apple cider I’ve ever had. It’s unpasteurized which is probably the reason.

    Not permitted by federal law. A distillery can not produce cider, only a winery can. They can make apple brandy though.

    There is also a brewery opening on the property.

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