Spriiiiiiiiing Market!

From CNBC:

Want to sell your home? Hurry up and list it next week

Timing is everything, especially in a housing market that has been less than dependable lately. So if you want to get the best price for your home in the shortest amount of time, you’d better list it next week, at least according to realtor.com.

Homes listed in the first week of April get 14 percent more online views on average and are likely to sell six days faster than the average during the rest of the year.

Homes sold in April are also priced 6 percent higher than those in January. According to the most recent pricing data, that could mean an additional $17,000 for sellers listing the typical home prices around $306,000. One caveat is that realtor.com is looking at average prices and does not take into account the type of homes for sale at different times of year. Larger, more expensive homes tend to be listed in the spring because families like to move over the summer, during school vacations.

“Given the time it takes from listing to close, putting a home on the market in early April positions sellers to attract buyers seeking to close and move before the beginning of school year,” said Danielle Hale, chief economist for realtor.com.

The number of buyers jumps dramatically in April, but the number of listings doesn’t peak until a little later, so there is less seller competition. The average list price in June is higher than April, again as larger family homes are being listed during school vacations, but there are fewer buyers, which increases the chance for a price reduction, although not by much. Homes listed in June are 1 percent more likely to see a price reduction and garner 2 percent fewer online views on average than the rest of the year.

If next week was already a great week to list, the steep drop in mortgage rates that started last week is only making it better. Buyers now have a little bit more purchasing power. The average rate on the 30-year fixed mortgage has fallen more than a quarter of a percentage point in the last week and is nearly a full point lower than the recent peak last November. Every quarter-point drop knocks about $50 off the monthly payment on a $300,000 mortgage.

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99 Responses to Spriiiiiiiiing Market!

  1. grim says:

    From CNBC:

    Weekly mortgage applications surge nearly 9% on lower rates

    Borrowers and buyers awoke to a new normal in housing affordability last week, as mortgage rates dropped to the lowest level in more than a year and are now expected to stay low for a while.

    Mortgage applications jumped 8.9 percent last week from the previous week and 5.7 percent from a year earlier, according to the Mortgage Bankers Association’s seasonally adjusted report.

    Both refinance and purchase applications surged, but the more rate-sensitive refis were the real leader. Those applications jumped 12 percent for the week and were 8.5 percent higher than a year ago. For much of last year, the refinance market was minimal, down dramatically from 2017, as rates rose.

    Homebuyers also reacted positively, with purchase applications surging 6 percent for the week, although just 4 percent higher annually. Consumers shopping for homes are still facing higher prices, but the gains are shrinking and have been for the past 10 months. Nationally, prices were up 4.3 percent annually, according to the latest S&P CoreLogic Case-Shiller home price index.

  2. grim says:

    Might want to revisit the theory of there being a widespread spring bust this year.

  3. 1987 condo says:

    10 year now at 2.377

  4. grim says:

    February pending home sales (non-adjusted) was up 6.1% YOY in the Northeast, March PHS due out tomorrow.

  5. The Great Pumpkin says:

    How long have I been saying that charter schools are a scam…can’t trust private ownership and public dollars. Have to be an idiot to choose private charter schools over public schools.

    https://www.northjersey.com/in-depth/news/watchdog/2019/03/27/nj-charter-schools-nj-tax-money-disappearing/2139903002/?for-guid=306b3196-36ab-e611-b81c-90b11c341ce0&utm_source=northjersey-News%20Alert&utm_medium=email&utm_campaign=news_alerts&utm_term=news_alert

  6. grim says:

    Don’t, for one second, think that these people aren’t connected to the politicians that run these programs.

    Like all other new legislation in NJ that has dollars to be spent, the politicians that pass it are very well aware of how to structure this so they select the appropriate beneficiaries.

  7. grim says:

    As we speak the “rain tax commissions” are being formed, that will no doubt make rain for politically connected construction firms around the state. In 10 years we’ll find that billions of dollars were spent with zero impact and zero accountability. WHOCOULDAKNEW?

  8. The Great Pumpkin says:

    Grim,

    Yup, some people are truly a POS. No idea how they live with themselves.

  9. 1987 Condo says:

    “Best” part of this is that they set up a second Ponzi scheme to pay off the judgement on the first Ponzi scheme……

    https://www.nj.com/bergen/2019/03/authorities-busted-familys-4m-ponzi-scheme-but-they-did-it-again-and-got-another-3m.html

  10. Grim says:

    And the victims of the first, funded the second.

  11. The Great Pumpkin says:

    Jcer,

    Def don’t think it’s easy to deal with a tenant in court. Good breakdown. It’s all about following the law to a tee. Not giving them any outs. The law is there to protect the landlord too from dirtbags, you just have to play by the rules of the game.

    You also nailed it with the rest of your post. Lots of luck involved. Most people lose on any investment, hence, why the poor outnumber the rich. So much of it depends on timing. Being in the right place at the right time.

    “Also pumps most people lose on housing. It takes luck, no different from the stock market. I bought apple stock in 1996 split adjusted for something like $0.93 per share, it’s $200 today it could have easily gone to $0. I bought an apartment in JC in 2009, a good time to buy, made money…just as easily could have bought in 1987. It would have taken until 2003 to make my money back. No such thing as an easy investment, you need to be diversified and evaluate assets based on facts. Right now buying stocks provides more cashflow and potential upside than most residential real estate(as it is credit sensitive)”

  12. 1987 Condo says:

    “And the victims of the first, funded the second.”….

    kinda helps you understand the poor fiscal “sense” many voters demonstrate….

  13. The Original NJ ExPat says:

    I never really thought about it before, but watching the last couple minutes of CNBC where Ted Cruz was being interviewed….Becky Quick is a real f.ucking partisan cunt!!!

  14. Fast Eddie says:

    Man, the democrats got trounced this week! Can you imagine what their agenda will be for the 2020 race? Full birth ab0rtion? Free pot and communes for all? Binary status for every mammal? My father is turning in his grave.

  15. The Great Pumpkin says:

    The common man is financially illiterate. If this is not proof, I don’t know what is.

    This is why buying a home and a 401k is the only way for a majority of the population to actually build some kind of wealth. They have no idea how to make or save money.

    1987 Condo says:
    March 27, 2019 at 8:53 am
    “And the victims of the first, funded the second.”….

    kinda helps you understand the poor fiscal “sense” many voters demonstrate…

  16. chicagofinance says:

    Please stop using that word……. I don’t even want it to enter my mind…..

    The Original NJ ExPat says:
    March 27, 2019 at 8:59 am
    I never really thought about it before, but watching the last couple minutes of CNBC where Ted Cruz was being interviewed….Becky Quick is a real f.ucking partisan

  17. The Original NJ ExPat says:

    CNBC, Cramer on the Lyft IPO:

    “Are people going to be hurt in the end? Well, they always do.”

  18. The Original NJ ExPat says:

    The common man Pumps is financially illiterate.

  19. The Original NJ ExPat says:

    Sorry chi. Does moist and easily fistable beaver work for you? As in, AOC has a moist and easily fistable beaver?

  20. The Original NJ ExPat says:

    cunt seems more succinct and to the point.

  21. Blue Ribbon Teacher says:

    Judges also tend to favor the tenant in NJ. I’ve seen some horrifying pictures where the landlords didn’t prevail, I’m talking filth so bad that kitchen cabinets and appliances needed to be replaced. The judges didn’t consider dirt and grease to be enough damage despite the need to totally redo an apartment.

    It’s best to have a good tenant and one who will back down over the threat of going to court. Most employed people simply don’t have time, d-bags will fight you for a nickel and the liberal courts in NJ cater to them.

    The law totally favors the tenants. You need a witness and official time stamp for those pictures to be admitted. Broom clean is a debatable definition. The same goes for wear and tear. There are also other things that most people aren’t aware of. For example, the water needs to be test for every new tenant.

    Most landlords just try to see how much of the deposit they can steal without resistance. My mother’s landlord tried to keep her money. A simple filing in small claims court had him instantly wanting to meet to give it all back.

    The corporations like Avalon and Middlesex Management sent my deposit back in full with a simple written notice of intent to file a lawsuit. I only had to physically go to court once as my landlord was that arrogant. I was able to avoid paying him about $500 in oil that he refilled on the tank because he forgot to sign and date it on my lease.

    As a tenant, I legally covered all my bases from day 1. It helps when your college/grad school roommate is a lawyer.

  22. chicagofinance says:

    I’m not joking….. yes it does… I get an endorphin rush from that….. the other word makes my neck hurt, like whiplash in a car…..

    The Original NJ ExPat says:
    March 27, 2019 at 9:47 am
    Sorry chi. Does moist and easily fistable beaver work for you? As in, AOC has a moist and easily fistable beaver?

  23. The Original NJ ExPat says:

    Ten year at 2.20%? What are these moist and easily fistable beavers up to?

  24. The Original NJ ExPat says:

    Whoops, 2.11%, even more lubed up and gaping.

  25. The Original NJ ExPat says:

    2.03%. That’s a wide gap, gape?

  26. The Original NJ ExPat says:

    1.95% How do we measure that orifice?

  27. The Original NJ ExPat says:

    LOL. I was quoting percentage declines, not rates. The beav isn’t that tight.

  28. The Great Pumpkin says:

    Damn, this is crazy. Ten year just keeps dropping.

    Expat, in your opinion, low rates the new norm?

  29. The Original NJ ExPat says:

    Pumps – Just keep buying NHMD, you’ll be fine.

  30. The Original NJ ExPat says:

    This is what I told Lib and my friend’s last night:

    Buy nothing right now!! (OK, you can buy CD’s and government bonds)

  31. The Original NJ ExPat says:

    Damn. I’m down 0.06%, but my bonds haven’t been repriced yet.

  32. The Original NJ ExPat says:

    CNBC is to finance like CNN and MSNBC are to politics.

    They aren’t allowed to kill their golden goose. When was the last time that CNBC told you to get out of stocks? Answer:never

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

    “CNBC is to finance like CNN and MSNBC are to politics.”

    I haven’t watched that sh1tshow since the tech bubble busted. For me, it begins and ends with Tom Keene and a little Dave Wilson.

    Once, I was getting my car inspected while changing auto insurers. The inspector told me every day he got an inside feed on who Booyah Kramer was going to promote. He would buy the stock that morning and sell it when he made the announcement. He said he was making mad loot doing this. I of course asked him why he was still inspecting cars? He did not respond kindly.

  34. The Original NJ ExPat says:

    I laughed out LOUD, SO LOUDLY! Funniest thing I’ve heard this week.

    He did not respond kindly.

  35. 1987 Condo says:

    Not sure what markets you are looking at but the 10 year has been between 2.355 and 2,38 today

  36. The Original NJ ExPat says:

    39 degrees and Sunny in Boston. I guess Spring is finally here!

  37. The Original NJ ExPat says:

    This might be difficult math for you, but try to calculate what PERCENTAGE the 10 year yield is down today. If that’s a bridge too far, just try to read the English words more closely.

    Not sure what markets you are looking at but the 10 year has been between 2.355 and 2,38 today

  38. The Great Pumpkin says:

    I’m sticking to my position since 2012. This recovery is different, and we will not see a recession or bust till second half of the next decade. Obviously, my position is based on nothing major going wrong.

    I just can’t pay attention to the negative nanny’s that are begging for a recession on the sole basis that this run is long in the tooth.

    “The United States economy has seen dozens of cycles of expansions and recessions throughout history. In fact, recessions used to happen a lot more often than they do now, explained Richard Sylla, professor emeritus of economics at New York University, and since the late 20th century, expansions have become longer. The reason is that “we’re much less of an industrial economy,” Sylla said.

    Prior to the Great Recession that began in late 2007, the previous one came in 2001. It lasted for eight months and was relatively mild — so mild, in fact, that we didn’t know that it was happening until it was basically over. And before that, the last recession in the US took place for eight months in 1990 and 1991.”

    https://www.vox.com/policy-and-politics/2019/3/27/18250823/recession-prepare-when-inverted-yield-curve

  39. The Great Pumpkin says:

    “Since about the 1980s — and with the exception of the late 2000s recession — business cycle fluctuations have generally been a lot less volatile. The ups haven’t been as up, and the downs haven’t been as down. It’s generally been referred to as the Great Moderation. That means that recessions aren’t as drastic, but periods of growth that make up for them aren’t as great, either.”

  40. 1987 Condo says:

    I’m confused, I thought I read:

    “Ten year at 2.20%? What are these moist and easily fistable beavers up to?”

    It was not at 2.29 today.

  41. 1987 Condo says:

    2.20

  42. The Great Pumpkin says:

    Could the 10 year drop be due to self-infliction? People talking themselves into the idea that a recession is coming, when it is really not?

    It’s like the housing market. That recent pullback and all the talk of a spring bust was complete nonsense.

  43. No One says:

    On the charter schools of Newark topic, that article looks like it was inspired by someone with a grudge. I’m sure there are things wrong with what is being done, for one because charter schools are still far from being a free market competition. And some of these charter schools are probably better than the others. Shady real estate deals, probably. Maybe engineered by the same people who learned to do corrupt construction and maintenance deals for public schools. Nevertheless, I found in another article some interesting information that I didn’t see mentioned in the “expose” article, namely that kids in the Charter schools are about twice as likely to literate and numerate as the regular public schools:

    “The [Newark Charter School] sector continued its streak on this year’s state PARCC exams. About 60 percent of charter students in grades three to eight passed the 2018 reading tests, compared to 35 percent of district students, according to an analysis by NJCSA. In math, 48 percent of charter students were proficient versus 26 percent of district students who were. And for the first time, Newark charter students bested the statewide average in both subjects.”
    And apparently they are getting better result while receiving less NJ state aid.
    https://www.chalkbeat.org/posts/newark/2018/11/21/as-new-jersey-takes-a-close-look-at-charter-schools-here-are-three-big-questions-in-newark/

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

    Charter schools are a mixed bag, but definitely a benefit for the inner city. Not so much in the burbs where more of the parents care. It kinda works like this.

    In the city, the parents with an interest in breaking the cycle of poverty send their kids to private school. When they sent their kids to public schools, the kids would get mixed in with the blockheads who’s parents could give two sh1ts about their education. They were just fine living on the dole, so their kids would be just fine. So the charter schools provided a safe environment, shielded from the riffraff that the public schools could never provide. Are there people profiting off of these charter schools? Absolutely. Why? Because they figured out that running a school does not require all of the top heavy administration and union requirements that all public schools succumb to. So the founders of these schools pay themselves a pretty penny. I’d rather see this than a 250K a year superintendant or 150K director of curriculum. As for taxpayers paying for the schools? They absolutely should. We’ve paid for failing city schools year after year.

    Now in the burbs, these charter schools are complete money grabs. They don’t serve any purpose whatsoever. Sorry, but Millburn does not need a French immersion school nor does Chatham need a Mandarin immersion school. Though there are some very smart Mandarin and French parent’s who profit handsomely from them.

    As for the argument that charters hand pick their kids? Fcuk yeah. If Glen Ridge won’t take those Bloomfield or Montclair kids that really want to succeed, there is finally a place for them. If the public schools were smart, they would dump any kids without learning disabilities (parents could give two shits about them) into a separate school (where they would supposedly have remedial services), which would benefit the remaining public schools greatly. But there is no will for that.

    BTW, I know a few charter school founders for schools in Newark and was fundamentally against the French speaking school a friend on my block wanted to open in Montclair.

  45. The Great Pumpkin says:

    Yes, because they don’t take the kids that are the reason for the public school’s failing status.

    Did you see what happened to Edison high school when it applied the charter model? They broke up the high school into different schools. Guess what happened to the school with all the good kids? That’s right, became top ten in the state at one point. It’s amazing how well inner-city public schools can become when you remove the gangbangers that charter schools don’t take. They magically produce the same damn scores as the charter schools…simply amazing I tell ya.

    “Nevertheless, I found in another article some interesting information that I didn’t see mentioned in the “expose” article, namely that kids in the Charter schools are about twice as likely to literate and numerate as the regular public schools:”

  46. The Great Pumpkin says:

    Elizabeth, not Edison. Sorry.

  47. The Great Pumpkin says:

    No one, you are better than this. Don’t believe public schools are bad. It’s just not true. If it was, how the hell is America still doing so great in the world economy? I have been hearing the same nonsense since the 80’s, that schools are getting worst, blah blah blah, but it’s simply not the case or our economy would reflect it. Good ol fear mongering targeting at extreme conservatives that eat that SH!T up.

    At the end of the day, if the private sector could do it cheaper and better, than they would have already been doing it. Cheapest eduction we can create in this country has to be based on a socialized model to get the most bang for your buck. It’s no different than the healthcare industry. You will never lower the costs until you go single payer.

  48. The Great Pumpkin says:

    So true. This is just like the education model. Old timers always think it’s getting worse and that they were better… kids these days blah blah blah.

    “Pew Research Center in a recent survey found that 54 percent of Americans believe the US economy in 30 years will be weaker than it is today, while 38 percent say it will be stronger. When broken down by age, 49 percent of people ages 18-29, 57 percent of people ages 30-49, 52 percent of people ages 50-64, and 55 percent of people ages 65 and older think the economy will be weaker by 2050. In other words, older people are actually more pessimistic about long-term economic growth than younger people are.”

  49. Joe says:

    Part of the reason rates are so low is that rates in other countries are either near zero or negative. This forces capital to hunt for yield in us debt bidding down the yield.

  50. Joe says:

    A ten year us government bond is a great deal compared to a 10 year from most of Europe or Japan and also elsewhere.

  51. Young Buck says:

    Has anyone used the Uber Inspector lately? Does he still receive a ringing endorsement from the NJREReport crew? If so, can someone please share his contact info? Thank you.

  52. ExEssex says:

    Charters will “take” anyone if it means filling a seat.
    If the kid does something grievous and it’s not tied to an IEP or other legal document the kid ‘might’ be expelled. But a lot of money follows each of the students who attend a Charter School and at the end of the day they will try and fill each seat.

    For teachers charter schools usually mean ‘more work’ no contracts to limit class sizes or hours they are required to stay. The ‘better’ teachers will probably stay at a Charter for a year or two until they can get a gig at a public school. More benefits and a pension speak to most employees.

  53. ExEssex says:

    The politics of Charters has shifted what began as a movement is now seen as a money grab leaching resources from public schools. You’ll see more negative press about Charters these days and as the election season heats up you’ll see Dems distancing themselves from Charters. In CA the momentum has shifted back to trying to invest in public schools again.

  54. The Great Pumpkin says:

    Lmao… just saw this posted on social media. Guy is dead on. Being dirty has nothing to do with how much money you have. I’m grabbing some popcorn for the attacks this guy is about to get for being honest.

    “Ray its quality of life. Drive down route 21 by any underpass. It is littered with garbage. Its everywhere. Now drive by route 37 in central jersey. No trash. Its the people from foreign lands (from certain continents)who don’t respect our land. Simply look at a polish environment like wallington. Not rich people just working people. No trash anywhere. Then cross the bridge into passaic. Its like a landfill”

  55. The Great Pumpkin says:

    “The econ­o­my’s crit­ics point to a global eco­nomic slow­down. But the U.S. has by far the fastest growth rate among Group of 7 coun­tries. A likely ex­pla­na­tion is that the tax changes made the U.S. the best place in the de­vel­oped world to in­vest in new plant and equip­ment. The tax bill can­not be blamed for the in­abil­ity of other coun­tries to make struc­tural changes in their economies. But Amer­i­can growth is likely to re­main strong de­spite global weak­ness. The U.S. econ­omy is about 12% ex­ports, so even a 2% de­cline in growth over­seas would only take about a quar­ter of a per­cent­age point off do­mes­tic growth.

    Some naysay­ers seem al­most to be cheer­ing for a slow­down so as to vin­di­cate their eco­nomic pro­gram of higher taxes and more reg­u­la-tion. They know their agenda can­not be sold to the Amer­i­can peo­ple when our cur­rent eco­nomic suc­cess is so clear for all to see.”

    https://www.wsj.com/articles/tax-reform-is-no-sugar-high-11553727809?emailToken=ef1cae158c6871f4dbdd4973a16bcf398anZxMg4hC30vhWhGl+xR5yGgIiMKPlv8pzHmVL3uLBBDmBlF+OeXKoTOn0Ww291KpMc4IrFRDFyyes8mxfYPg%3D%3D&reflink=article_copyURL_share

  56. Ex says:

    Gross domestic product increased at a 2.2 percent annualized rate, the Commerce Department said on Thursday in its third reading of fourth-quarter GDP growth. That was down from the 2.6 percent pace estimated in February.

    The economy grew at a 3.4 percent pace in the third quarter. The expansion will be the longest on record in July.

    The revisions to the fourth-quarter GDP reading reflected markdowns to consumer and business spending, as well as government outlays and investment in homebuilding.

    For all of 2018, the economy grew 2.9 percent as previously reported, despite the White House’s fiscal stimulus of $1.5 trillion in tax cuts and more government spending. Growth last year was the strongest since 2015 and was an acceleration from the 2.2 percent logged in 2017.

  57. Bystander says:

    Good times in the greatest economy in the history of mankind. My IB has basically instituted a hiring freeze, not by edict, but by having insane, bureacratic approval process for in flight hires. One of the new guidelines is a question for those with offers, “is there potential to offer candidate one level lower?” You have to prove you tried. Of course, India WiPro are ok to proceed. When paying 160 day, few questions are asked.

    “Nomura joins a number of global banks cutting posts in various business areas. JPMorgan Chase & Co.’s regular review of its staffing numbers has resulted in hundreds of staff in asset and wealth management losing their jobs, a person familiar with the matter said this week.”

  58. DavidHip says:

    Почему нужно экономить электроэнергию читайте
    [url=https://kyiv.name/ru/news]https://kyiv.name/ru[/url]

  59. Ottoman says:

    So which one of you morons wrote the flyer calling the Arabic sign someone put on their home in Wayne unAmerican?

    https://www.northjersey.com/story/news/passaic/wayne/2019/03/27/arabic-sign-wayne-nj-home-causing-stir/3286814002/

  60. Ottoman says:

    I hope Grim never deletes this blog so his kids can see what a racist, sexist idiot he is. Maybe they’ll leave him to drown in his jersey shore old age home from a random climate change disaster after seeing all the sh!t he talked about AOC. She cares more about his kid’s future than he does.

    The Original NJ ExPat says:
    March 26, 2019 at 10:21 am
    LOL – MSNBC talking cunt just said that the President is talking about Mueller and Russia too much, and that’s not what the American people want to hear…

  61. Ottoman says:

    You’re every kind of illiterate.

    The Original NJ ExPat says:
    March 27, 2019 at 9:41 am
    The common man Pumps is financially illiterate.

  62. Juice Box says:

    re: ” someone put on their home”

    That stonework is an abomination, the sign can stay as long as the stonework is removed.

  63. Juice Box says:

    Otto – in the anger stage still? No worries Otto we can refer you to someone once you reach out for help.

  64. D-FENS says:

    Proposals in the “Green New Deal” would have severely weakened the US economy… making it more difficult for us to deal with man made climate change.

    The correct approach is to use the tools of capitalism.

    This might include Generation IV nuclear or carbon capture systems. It also means we need to stop China’s theft of intellectual property. Gaetz correctly points out this was done in the solar industry:

    “Regardless of where you sit politically, stuff like electric cars and renewable energy are pretty popular. Do you have any sense of how to really scale that up in the US and export that?
    Yeah, we gotta get tough on China. Part of China’s national strategy is to crush American innovation through theft and cheap production. They did it with solar. This is not an academic exercise. Solar innovation was largely driven by the United States and US innovators. China stole the tech and didn’t have the upfront R&D costs, produced it for cheap in China and dumped it in the United States. Most solar that you can buy in the United States in the commercial space is now made in China, and the result is we hollowed out American innovators. And so I think one way to scale up those efforts is to get real tough on global intellectual property protection.

    It looks like China is attempting to do the same thing now with electric vehicles.
    Yeah, well, of course they would. It worked with solar. Did you expect them to rob the larder successfully and then never come back? I think in a lot of ways our trade policy is going to be far more instructive on global climate change efforts then trying to unilaterally disarm the American economy through a Green New Deal that is neither an action plan nor realistic.”

    Republican Matt Gaetz is now drafting a “Green Real Deal”.

    https://www.vice.com/en_us/article/zma97w/matt-gaetz-congress-loves-donald-trump-climate-change

    Ottoman says:
    March 28, 2019 at 10:15 am
    I hope Grim never deletes this blog so his kids can see what a racist, sexist idiot he is. Maybe they’ll leave him to drown in his jersey shore old age home from a random climate change disaster after seeing all the sh!t he talked about AOC. She cares more about his kid’s future than he does.

  65. EX says:

    I’m seeing some very divergent ideologies standing across a room. Wishing they were f@cking.

  66. JCer says:

    I think Otto is looking to be banned, debate is one thing but he is plain old rude. Seriously the guy has as his name an empire know for Genocide………

    The problem with the house isn’t the sign, the whole thing looks ridiculously tacky. Bad architecture, materials and workmanship are cartoonishly bad.

  67. LTL says:

    Otto is one of many very rude posters.

    The Original NJ ExPat says:
    March 27, 2019 at 1:38 pm
    This might be difficult math for you, but try to calculate what PERCENTAGE the 10 year yield is down today. If that’s a bridge too far, just try to read the English words more closely.

    Not sure what markets you are looking at but the 10 year has been between 2.355 and 2,38 today

  68. The Great Pumpkin says:

    Agreed. Some people like throwing away money. Terrible taste.

    I would shoot the contractor if they put some sign on my newly built home. Proof that just because you are a doctor, doesn’t mean you are of above avg intelligence.

    JCer says:
    March 28, 2019 at 11:45 am
    I think Otto is looking to be banned, debate is one thing but he is plain old rude. Seriously the guy has as his name an empire know for Genocide………

    The problem with the house isn’t the sign, the whole thing looks ridiculously tacky. Bad architecture, materials and workmanship are cartoonishly bad.

  69. The Great Pumpkin says:

    Thanks for the share.

    China makes me sick! Their thinking is a$$ backwards. Let’s be the best, but to get there, let’s rob and steal to defeat our competition. What a bunch of clowns with no morals or ethics.

    Equivalent of kids that would use cheat codes to win at video games. What is the point?

    D-FENS says:
    March 28, 2019 at 11:26 am
    Proposals in the “Green New Deal” would have severely weakened the US economy… making it more difficult for us to deal with man made climate change.

  70. The Original NJ ExPat says:

    AOC. She cares more about his kid’s future than he does clothes shopping.

  71. Bruiser says:

    China needs a good Stuxnet infestation. that, or they need to get into a shooting war with India that everyone else refuses to get involved in.

  72. The Original NJ ExPat says:

    I hope the Egyptian guy is fine when the local Jews for Jesus chapter has a pig roast next door or across the street.

  73. The Great Pumpkin says:

    “While some tech companies are backing away from working with the Pentagon, Jeff Bezos says Amazon.com Inc. won’t be one of them.

    “If big tech companies are going to turn their back on the Department of Defense, this country is going to be in trouble,” Bezos said.”

    https://www.barrons.com/articles/jeff-bezos-amazon-military-1539704409?mod=hp_minor_pos17

  74. Joe says:

    “However, keep in mind that this Inverted Yield Curve is by no means reflecting a US recession”

    https://www.armstrongeconomics.com/international-news/emerging-markets/the-financial-panic-of-2019/

  75. Ilike PumkinPie says:

    Pumkinvomit,

    Your comment about China ignores (just like every free market ideologue) the fact that what matter is the Chinese Communist Party’s control, anything else is moot and tertiary.

    And your post below from Bezos. Well that is what happens when a very significant part of tech is foreign born and has foreign allegiances and employment (h1 visas).
    There is a reason that a security classification type is called “NOFORN”.

    “If big tech companies are going to turn their back on the Department of Defense, this country is going to be in trouble,” Bezos said.”

    A big problem in this country is the believes of true believers ideologues regardless of the ideology over real facts.

  76. leftwing says:

    “That stonework is an abomination, the sign can stay as long as the stonework is removed.”

    “The problem with the house isn’t the sign, the whole thing looks ridiculously tacky. Bad architecture, materials and workmanship are cartoonishly bad.”

    LOL, seriously. Who cares about the guy’s ethnicity or sign.

    The neighborhood ought to be circulating a protest over yet another North Jersey tertiary developer’s stone face, double foyer height, tactless sh1t shack.

    The sign is the only thing interesting or original in that nightmare.

  77. Juice Box says:

    Pumps – “just because you are a doctor, doesn’t mean you are of above avg intelligence”

    DTP < MD

    Big Difference..you can do a DTP degree program in 16 months online.

  78. Grim says:

    I’ll leave the blog up, but delete all your posts?

  79. EX says:

    AXS TV, Mark Cuban carries the rock and roll torch.

  80. yome says:

    Musk gave away Tesla patents to China

  81. xolepa says:

    Grim, et al

    Does one try to bite off the hand that feeds him/her/(it?)

    If that isn’t a sign of sheer stupidity, I don’t know what is.

  82. Grim says:

    I hear China is seriously saying that they will stop stealing trade secrets, in exchange for providing them trade secrets they do not yet have.

  83. Ex says:

    States like Arkansas, Wyoming, Mississippi, Oklahoma, and Alabama have the lowest cost of living, but the latter three also have the lowest life expectancies. On the other end of the spectrum, the highest cost of living for residents is in Hawaii, California, Alaska, Connecticut, and New York.

    Kentucky is the worst state for retirees. New Jersey, West Virginia, Rhode Island, and New Mexico were also at the bottom of the list. West Virginia has the lowest percentage of a workforce aged 65 or older, despite its high population of that age group. It’s also among the states with the lowest life expectancy.

  84. Phoenix says:

    “I hear China is seriously saying that they will stop stealing trade secrets, in exchange for providing them trade secrets they do not yet have.”

    They would not have the ability to do this if American businesses were not so greedy. Outsourcing, Visa programs, colleges that invite foreign students for a profit, etc- you do not isolate and secure your information, expect it to get stolen.

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  86. The Original NJ ExPat says:
  87. juice box says:

    So Governor Murphy threatens to start drug dealing himself if the legislature doesn’t pass the marijuana law by May.

  88. The Great Pumpkin says:

    Good article. Impossible to get most of it past Grim’s wall.

    “The social!sts claimed they would run those businesses better than greedy capitalists could because they weren’t obsessed with profits. Without the “excess” profits, prices would be lower and more money would go to the poor.

    But pursuit of profit is what makes an economy work! I’d think the collapse of nations such as Venezuela, China, Russia, Korea, Vietnam, Cambodia, and Cuba would have taught the social!sts that. But no.”

    https://reason.com/archives/2019/03/27/the-social!st-fantasy

  89. The Great Pumpkin says:

    This is the part that should be promoted through the media. The market is better at taking care of itself. Just like an index fund following the market is better than stock picking.

    “But mismanagement is what happens under social!st governments. It always happens.

    That’s because no group of central planners is wise enough to manage an entire economy. Even if they have good intentions, social!sts eventually run out of other people’s money.”

  90. The Great Pumpkin says:

    Maybe that blog shared by Joe is onto something. Crisis on the horizon?

    The Original NJ ExPat says:
    March 29, 2019 at 6:53 am
    Ultralow bond yields drive Japan’s insurers back to real estate

    https://asia.nikkei.com/Business/Markets/Property/Ultralow-bond-yields-drive-Japan-s-insurers-back-to-real-estate

  91. GdBlsU45 says:

    Can anyone tell me at what point in the history of mankind did it become acceptable to allow your dog to relieve themself on someone else’s property? Whether “cleaning up” or not how about the actual polite thing and not letting your dog shlt on my property. I come back from dropping a kid off at school and get a close up view of a neighbor’s dropping a vile load. Then they walk off like nothing happens. My guess is this is their usual route since no one is usually home and I have seen a few not picked up..

  92. GdBlsU45 says:

    Looking more and more like a third party candidate will emerge from the left. Trump will carry 35-40 states. Too many capitalists on the left to stand by and watch this parade of wackos and retards continue unabated. And no joe Biden isn’t viable literally. Nothing personal against the guy but he looks like he’s got a foot in the grave.

  93. Juice Box says:

    How do you stop the dog? The answer is you cannot. You need to “curb your dog” but nobody wants to yank on Fluffy’s collar hard enough to drag him to the street.

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

    On dogs pooing.

    If the walker picks it up, who cares? The bugs will do the rest by the end of the day. Though I agree that the poop bags belong in the owner’s trashcan and not the neighbors.

  95. JCer says:

    GdBlsU45, where do you live? I saw some some jack hole doing the same thing at ~8 am in my neighborhood. Walking his dog off the sidewalk on to my lawn where they were relieving themselves. I was tempted to tell him to get his dogs off my d*mn lawn, everyone in suburbia has a lawn…let your dog do his business in your yard or curb the dog and cleanup after them. Sometimes it seems it’s the owner, not the dog who is an animal.

  96. The Great Pumpkin says:

    “TIRED OF PICKING UP FIDO’S POOP? HIRE A ROBOT”

    https://www.ozy.com/fast-forward/tired-of-picking-up-fidos-poop-hire-a-robot/93359

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