Housing a bright spot

From Housingwire:

Federal Reserve report cites “rebounded” housing market

The housing market was the bright spot in the Federal Reserve’s monthly economic snapshot released on Tuesday.

While consumer spending “softened,” business equipment spending was “sluggish,” and payroll growth has been “moderate,” the housing market has “rebounded,” the Fed said.

“Housing activity indicators displayed further gradual improvement in August,” the report said. “Single-family housing starts and permits have rebounded over the past three months. New and existing home sales rose in August. A still-strong labor market and low mortgage rates could continue to provide support to housing.”

Under the sub-head “Favorable mortgage rates spur the housing market,” the Fed pointed to August’s 7.1% gain in new-home sales to 713,000 at a seasonally adjusted and annualized pace, which was 18% above the year-earlier month. And, the Fed cited the 1.2% gain in existing home sales in August that put the sales pace 2.9% above a year earlier. 

The report also singled-out homebuilding for mention. Housing starts jumped 12.3% in August, the highest level since June 2007, the Department of Commerce reported last month.

“It appears that single-family starts are finally beginning to respond to the steep decline of mortgage interest rates that has occurred over the past year,” the report said. “Single-family housing starts rose 4.4% in August, the third consecutive monthly increase, and are now up 3.4% on a year-over-year basis.”

The downside for the housing market has been the shortage of homes for sale, the report said.

“Favorable labor market conditions and a substantial decline in mortgage interest rates continue to act as positive forces,” the report said. “Inadequate inventories in affordable price ranges continue to be a drag on sales and to fuel home-price increases.”

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

117 Responses to Housing a bright spot

  1. grim says:

    Unleash the pumpkin. From CNBC:

    There are more than 600,000 millennial millionaires in the US, according to report

    There are 618,000 millennial millionaires in the U.S. and their wealth is only expected to grow.

    Millennials are expected to be five times wealthier in the next decade than they are now, according to a report by Coldwell Banker. Some of their wealth can be attributed to what’s been dubbed the “Great Wealth Transfer,” where nearly $68 trillion in assets are expected to flow to younger-generations.

    “The difference between the millionaires of the early 1980s and the ones being created today is that many of them stand to inherit even more wealth from their baby boomer parents, who are considered the wealthiest generation in history,” the report says.

    Currently, 93% of millennial millionaires have a net wealth between approximately $1 million and $2.5 million, according to the report. Nearly 60% live in either California or New York and they are investing more in real estate than their elder-millionaire counterparts.

    On average, millennial millionaires own three homes, slightly higher than the 2.4 properties the average older millionaire possesses. They also have larger real estate portfolios than non-millennials, $1.4 million compared to $919,000.

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  4. D-FENS says:

    Union leader bashes Murphy for cancelling North Bergen power plant
    Governor had fiery exchange with Bergen building trades president on Tuesday

    https://newjerseyglobe.com/governor/union-leader-bashes-murphy-for-cancelling-north-bergen-power-plant/

    Several sources who witnessed the discussion from a distance said that Murphy and Sabato were both quite animated and clearly unhappy with each other. Murphy reportedly didn’t pull any punches either.

    The union leader indicated that he’s not pleased with Murphy’s job performance so far.

    “He hasn’t produced any jobs yet,” Sabato told the New Jersey Globe. “He’s not doing anything to put our people to work. He hasn’t been what I thought he would be.”

    Asked if he would support Murphy for re-election in two years, Sabato didn’t preclude the option of endorsing the governor, but said he’s open to backing another candidate – even a Republican – if his union members would benefit from that.

    “If you put thousands of guys out of work, we’ll have to wait and see,” said Sabato. “The Democratic Party sides with environmentalists more than building trades.”

  5. 1987 Condo says:

    Well, he certainly looks the part!

  6. leftwing says:

    LOL, straight out of Scorcese or Sopranos. Didn’t know they still existed like that outside of movies.

  7. leftwing says:

    “You don’t make the poor richer by making the rich poorer”

    Lib, don’t have the time or inclination to confirm whether Churchill said it or not, most of the internet seems to think so (and the internet never lies).

    Regardless, it is very true and encapsulates the economic changes driving electoral changes starting with Reagan. Dems became obsessed with splitting up a fixed pie…Repubs focused their message on ‘lifting all boats’.

    Old time redistributionist policies just don’t work and aren’t liked or electable nationally…why do you think I so fervently back Warren’s nomination? She’s DOA nationally.

  8. leftwing says:

    And, I found this gem sourced from BBC America, which I presume gets it right regarding Churchill…

    “I like pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.”

    Lots of good ones here…

    http://www.bbcamerica.com/anglophenia/2015/04/50-churchill-quotes

  9. JCer says:

    leftwing, invoking Churchill…..too hard core lefties he’s as bad as Hitler…….

  10. Libturd, seen crazy things done with ping pong balls says:

    I just pointed out the improper quote because it is so commonly miss-attributed to Winston. No hate of WC. Though not a huge fan of the British government. Can’t believe they still pay for royalty over there.

    Our government sucks because it is owned by the rich. This will never change. Eventually, our infrastructure will collapse from paying for the continued increase in the size of our government, especially when combined with the reduction in taxes on those who can afford to pay the most.

  11. Grim says:

    All public sector jobs should be open to reverse auction bid by new job candidates.

  12. No One says:

    I dont think govt is owned by the rich. It is definitely distorted by special interests of many varieties, which have pulled its activities far beyond its sphere of competence and appropriate action. US government was set up as a protector of individual rights, and is now turning into the main means of rights violations.

  13. joyce says:

    Those are mostly one in the same. The dollars, regulation and special treatment certain trend that way.

    No One says:
    October 17, 2019 at 10:40 am
    I dont think govt is owned by the rich. It is definitely distorted by special interests

  14. Fast Eddie says:

    Anecdotal – I can no longer get a parking spot for the train if I don’t get to the lot by 6:30 AM. Even some street locations are getting tough to find. Either more people are moving into the area or more people are going to work or a combination thereof. I’m just the messenger… you draw your own conclusion.

  15. Libturd, seen crazy things done with ping pong balls. says:

    “All public sector jobs should be open to reverse auction bid by new job candidates.”

    Yup. The hiring process and business practices have become so corrupted in the public sector that it’s truly gone from public service to private enrichment. Wish the masses would wake up in this regard. There is no such thing as “honest” collective bargaining when public sector pay and benefits are discussed. Unions have eaten their own.

  16. leftwing says:

    “All public sector jobs should be open to reverse auction bid by new job candidates.”

    Brilliant.

    That would shut down immigration to zero overnight as well…..

  17. The Great Pumpkin says:

    3b,

    Since it’s not coming from my mouth, do you now believe it? You treat me as if I was some idiot, but I’m consistently correct.

    grim says:
    October 17, 2019 at 5:22 am
    Unleash the pumpkin. From CNBC:

    There are more than 600,000 millennial millionaires in the US, according to report

    There are 618,000 millennial millionaires in the U.S. and their wealth is only expected to grow.

    Millennials are expected to be five times wealthier in the next decade than they are now, according to a report by Coldwell Banker. Some of their wealth can be attributed to what’s been dubbed the “Great Wealth Transfer,” where nearly $68 trillion in assets are expected to flow to younger-generations.

    “The difference between the millionaires of the early 1980s and the ones being created today is that many of them stand to inherit even more wealth from their baby boomer parents, who are considered the wealthiest generation in history,” the report says.

  18. The Great Pumpkin says:

    Pretty much describes myself right now. I technically have 2.5 houses as my wife’s mother already put her house in my wife’s and sister’s name.

    “On average, millennial millionaires own three homes, slightly higher than the 2.4 properties the average older millionaire possesses. They also have larger real estate portfolios than non-millennials, $1.4 million compared to $919,000.”

  19. The Great Pumpkin says:

    It’s inevitable based on supply and demand that housing will increase in price.

    ““It appears that single-family starts are finally beginning to respond to the steep decline of mortgage interest rates that has occurred over the past year,” the report said. “Single-family housing starts rose 4.4% in August, the third consecutive monthly increase, and are now up 3.4% on a year-over-year basis.”

    The downside for the housing market has been the shortage of homes for sale, the report said.

    “Favorable labor market conditions and a substantial decline in mortgage interest rates continue to act as positive forces,” the report said. “Inadequate inventories in affordable price ranges continue to be a drag on sales and to fuel home-price increases.””

  20. Blue Ribbon Teacher says:

    Anecdotal – I can no longer get a parking spot for the train if I don’t get to the lot by 6:30 AM. Even some street locations are getting tough to find. Either more people are moving into the area or more people are going to work or a combination thereof. I’m just the messenger… you draw your own conclusion.

    Could it also be more people are getting there early in fear of being victim of cancelled trains and delays?

  21. Yo! says:

    Fast Eddie. In past 10 years, New York City (the city not the metro) employment grew by 906,000. More people commuting in from New Jersey suburbs where job market sux.

  22. Fast Eddie says:

    Could it also be more people are getting there early in fear of being victim of cancelled trains and delays?

    It’s rare on my line, I must say (knocks wood) but I won’t rule out anything. It’s just more crowded than at any time since I moved in the area.

  23. Fast Eddie says:

    Yo,

    So, NJ sucks for jobs but NYC doesn’t? By what means? Location? Tax incentives? More business startups or expansion? That’s a million more jobs in Manhattan that we assume left NJ? Or, is the NJ employment numbers higher as well?

    Just asking.

  24. Libturd, seen crazy things done with ping pong balls says:

    On the train station crowding. Traffic on the highways in Essex County have never been worse. This is not anecdotal. This is factual. I average 5 hours a day in the car and the number of accidents combined with selfish driving (people cutting into exits at the last second slowing down through lanes to a stop) is simply astounding. I see lots of cops, but they are looking for the easy speeding ticket rather than cracking down on issues that would the flow of traffic. Our overpasses and road surfaces are in terrible shape and many of our major bridges are in need of repair. As you drive around, you can see lots of crumbling cement and exposed rebar. Even on the toll roads. The additional traffic we are all witnessing is only making it worse. I need not discuss the condition of our rail and buses. Billions continue to be wasted on underutilized light rail lines. The patronage mills that run these failing public needs are as strong as ever.

  25. Libturd, seen crazy things done with ping pong balls says:

    That was a mess. Hard to participate in conference call and write simultaneously. The short of it is that horrible road conditions and traffic are driving more people to the train. The delays and cancellations just worsens the situation as commuters have to alot an extra half and hour to an hour in case their trains are cancelled. I no longer take the train. I value my job and my company values punctuality way more than NJ Transit does. On the bright side, they installed an exhibit in Newark Penn where you can learn of the history of NJ Transit. Oy fukcin vey!

  26. leftwing says:

    “Billions continue to be wasted on underutilized light rail lines. The patronage mills that run these failing public needs are as strong as ever.”

    Since I appear to be in quote mode, one not from Thoreau to whom it is often attributed….

    “The best government is that which governs the least.”

    From the article containing that quote, by the original author (c. 1837):

    It is under the word government, that the subtle danger lurks. Understood as a central consolidated power, managing and directing the various general interests of the society, all government is evil, and the parent of evil.

    A strong and active democratic government, in the common sense of the term, is an evil, differing only in degree and mode of operation, and not in nature, from a strong despotism.

  27. Yo! says:

    Fast Eddie, entire state of New Jersey has added just 192,000 over same time frame. Main reason is corporate urbanization. NJ is a big loser in this. Look at pharmaceutical research. NJ used to be a world leader. Now the state doesn’t matter. The largest owner of pharma research labs won’t touch NJ. Instead they are building $1 billion of labs in New York City.

    http://www.are.com/global-properties.html

    New Jersey is becoming Mesopotamia.

  28. Yo! says:

    Wall Street Journal reporting NJ Transit launched an “innovation challenge” for private equity funds to build a transit link from Secaucus Junction to American Dream. Just let the Jitney buses do the job.

  29. Libturd, seen crazy things done with ping pong balls says:

    Hyperloop!

  30. Blue Ribbon Teacher says:

    I average 5 hours a day in the car and the number of accidents combined with selfish driving (people cutting into exits at the last second slowing down through lanes to a stop) is simply astounding.

    I’ve seen more accidents the past 2 years than the previous 10 on my commute. I nearly became a fatality 2 days ago on 78 when a PA driver pulled a 2 lane switch into the left without checking her blind spot. She completely ignored me laying on the horn (music blasting) and I was able to break and slide to the left and miss her by about a cm at best. My left tires hit the grass, which is usually how cars flip. I was lucky and was able to reestablish position on the asphalt immediately. I’m going the police department today to issue her a civilian summons.

    I’ve been using dashboard came for 2 years now because of the nonsense I see on the roads. I encounter a few beligerent people each day who are just looking for someone to F with. The rest, are just too busy not paying attention.

  31. 3b says:

    Pascack Valley line ebbs and flows I have been taking it for over 30 years. I am usually on same train every morning. Always get a seat and no one is ever standing. At night the 5:37 is crowded once it gets to Secaucus and people are standing. Part of the reason for standing is the small seats with no leg room. And the selfish people who believe they are entitled to 2 or more seats. PATH train this morning quiet and empty. Don’t know why. And the majority of the people on my train are 40 plus and over, well over! And I have not seen stay at home Mom and kids meeting Dads at the train in years! Used to see it all the time when my guys were little. It’s a different world.

  32. Nomad says:

    Anyone get a Real ID and if so, how long did you have to wait in line? Heard there are already software glitches slowing things down. TY

  33. Thursday Edd says:

    To your question, just taking into account the world of nursing and allied health in hospitals.

    NYC – mostly 1199 union = 12 hours shift, pension and medical that follows you from member hospital to member hospital if you change jobs. Rest are City, State of Federal Hospital with good benefits and full time set schedules. Many provide subsidize housing to nurses and other staff.

    NJ – Per diem aka on demand/request hours and schedule that get cancelled with no benefits in an 8hr day. Difficult to get full time with benefits.

    In short if you want to make a decent living you go NYC, a full time with overtime, many hospitals offer double time/triple time for emergency staffing and side or two sides of part time 12 -16hrs shift, you make a decent living with benefits, pension, 403b and housing included. The icing on the cake is what looks better on your resume – Valley Hospital, Meadowland, etc or NYU, NYP Columbia, Sloan Kettering, etc.

    Fast Eddie says:
    October 17, 2019 at 11:21 am
    Yo,

    So, NJ sucks for jobs but NYC doesn’t? By what means? Location? Tax incentives? More business startups or expansion? That’s a million more jobs in Manhattan that we assume left NJ? Or, is the NJ employment numbers higher as well?

    Just asking.

  34. XRumerTest says:

    Hello. And Bye.

  35. The Great Pumpkin says:

    Funny, caught some contractor measuring my front columns on the porch through my security cam today. That’s how you know my house was renovated with taste. 8 years after the renovation and still contractors coming to rip of the design of my house.

    I just recently installed the security system, so I have no idea how many times this has happened.

    I actually was home when a contractor stopped by a few years ago. Scared the hell out of me, but then gave me business card and explained that he wanted to ask questions about the house.

  36. Thursday Pumpkinate says:

    Congratulations Pumpkins,

    It takes a lot to admit that you like bad taste, live in a bad taste neighborhood, have genes stewing in bad taste. I’m sure you love the “Regular Guy Look” of clothes, is very Waynish

    https://youtu.be/80fHUAW_up0 long live Rodney!!

  37. Blue Ribbon Teacher says:

    post the video on youtube

  38. leftwing says:

    “Funny, caught some contractor measuring my front columns on the porch through my security cam today. That’s how you know my house was renovated with taste.”

    LOLOLOLOLOLOL. LOLOLOL. LOLOLOL. LOL RFLMAO.

    What an insecure idiot. I mean, really, who would make this post? I’d like to say a twelve year old but that child would be too mature. Speaking of kids, jesus christ, he’s teaching NJ’s youth? God help this state.

    Go away fcuktard.

  39. Bystander says:

    I had a contractor stop by and measure my windows. He must have really loved my house. He even offered to replace my windows for only 20k. I am god.

  40. Bystander says:

    My buddy now at 5 months with no job offer, not even a contract. Another family friend just got his second layoff notice in 3 years. Both over 55. Great times in banking.

  41. Yo! says:

    https://www.nj.com/news/2019/10/merck-to-cut-hundreds-of-jobs-including-some-nj-positions.html

    NJ pharma company whacking hundreds. Same company that spent half a billion building real estate in Hunterdon County, abandoned it, the sold it for $25 million in hot real estate market.

  42. The Great Pumpkin says:

    SEE IT: Dead man pranks funeral-goers by screaming from coffin in pre-recorded message as he’s lowered into the ground

    https://www.nydailynews.com/news/world/ny-ireland-dublin-shay-bradley-dead-coffin-prank-20191015-pd4wnjjznvg5jgkiiy5krb3puq-story.html

  43. The Great Pumpkin says:

    Thank you, appreciate it.

    So what are the odds you are some overweight fat ass with no taste?

    Thursday Pumpkinate says:
    October 17, 2019 at 3:53 pm
    Congratulations Pumpkins,

    It takes a lot to admit that you like bad taste, live in a bad taste neighborhood, have genes stewing in bad taste. I’m sure you love the “Regular Guy Look” of clothes, is very Waynish

  44. ExEssex says:

    3:53 the embrace of ones immediate environment is a sign of contentment or simple acquiescence. NJ has wonderful little pods of public employees just playing house and building their tiny empires. Tuesday is league night!

  45. The Great Pumpkin says:

    Lefty,

    Thanks. Anything else positive to say?

  46. The Great Pumpkin says:

    Bystander,

    Get out of your industry. Your welcome.

  47. The Great Pumpkin says:

    If any of you have contractors stopping by to look at your house, would love to hear some stories.

    It was funny. My wife texted me alerting me that someone was at the house. She thought they were measuring the pumpkins (no pun intended). Laugh a little people.

  48. The Great Pumpkin says:

    So You Make $100,000? It Still Might Not Be Enough to Buy a Home.
    A record number of six-figure-income families rent, as student debt and meager savings cloud their financial future

    https://apple.news/ArvIFHLk8QyiC_-tPeXrB3g

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  50. Bystander says:

    Maybe I will become a low life history teacher. Let me first whack once side of my brain with a ball peen hammer since I won’t be needing it anymore.

  51. D-FENS says:

    @cvpayne
    Watching commentators suggest high black prison population because corps support republican governors is worst kind of fake news.

    Black to White Prison Ratio
    CA 8.8:1
    PA 8.9:1
    NY 8.0:1
    NJ 12.2:1
    IL 8.8:1
    VT 10.5:1

    TX 4.0:1
    LA 4.0:1
    AL 3.3:1
    GA 3.2:1
    MS 3.0:1
    SC 4.3:1

  52. Libturd, seen crazy things done with ping pong balls says:

    What are you doing on CNN. It’s verboten. :P

  53. The Great Pumpkin says:

    Exactly why I didn’t want to say I was a teacher. Thanks for proving me right. (I also was scared of the stalker who contacted blue…pretty sure that was ex pat.)

    Based on your presentation of your field, maybe give education a chance. Then again, you could never survive a classroom of teenagers, never mind teach them. As soon as they say I don’t get it while applying zero effort, you will indeed whack one side of your brain with a ball peen hammer. Can’t fire these students you manage either, and you are accountable like no other for them. Beautiful thing. So picture managing an employee that puts forth no effort and blames you for why they are failing…it’s a dream.

    Bystander says:
    October 18, 2019 at 6:51 am
    Maybe I will become a low life history teacher. Let me first whack once side of my brain with a ball peen hammer since I won’t be needing it anymore.

  54. Libturd says:

    Stop feeding the dishonest on.

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  56. The Great Pumpkin says:

    Lib, for you, I won’t post anymore today. Your welcome. Happy Friday!

  57. ExEssex says:

    Teaching is a mixed bag and completely dependent on two things.
    The school and who they serve and the principal.
    You’ve got little power and the kids seems to be fairly stupid these days.
    You’ll meet a few stars through the years, but mostly just dumbasses.

  58. Juice Box says:

    Pumps: Re: Hear some stories.

    I have 11 glorious white Roman Tuscan columns on the front of my home. Contractors, neighbors, and even the dreaded UPS delivery guy are all in awe as they drive by. My columns project strength and manliness across the realm of our development on my zero traffic street that is surrounded by protected lands full of wonderful woodland creatures big and small that will be happy to share their blood sucking ticks with you.

  59. Juice Box says:

    re: CNN isn’t that the comedy channel? I do think allot of their non-political reporting is top notch and I miss Bourdain and Parts Unknown.

    Speaking of Bourdain, they are auctioning his stuff off until next week.

    Take a look, you can buy one of his suits for $125, think of the conversation starter at parties that would be, much better than John Voight’s pencil.

    http://bid.igavelauctions.com/AuctionHelp.taf?sort=1&keyword=ab1a&days=10&st=1&s=N

  60. ExEssex says:

    The thing you’ll probably dislike more than bratty kids are your co-workers.
    As a teacher you can watch every mentally challenged mediocre student now command the podium while they spread their knowledge and critical thinking to youth. It’s fascinating to talk to people with little or no life experience, scant depth of knowledge on world affairs, and realize it’s perfectly in line with the schools’ mission.

  61. Juice Box says:

    ExEssex – Who is more cursed you or the Duchess of Sussex?

    “The Duchess of Sussex’s voice cracks (left) as she reveals she has found it difficult to cope after getting married to Harry (top right) and giving birth to baby Archie, adding: ‘Not many people have asked if I’m ok.”

    “Also thank you for asking, because not many people have asked if I’m OK. But it’s a very real thing to be going through behind the scenes.’ Tom asks her: ‘And the answer is, would it be fair to say, not really OK, as in it’s really been a struggle?’ Meghan replies: ‘Yes.”

    https://www.dailymail.co.uk/ushome/index.html

  62. Libturd, seen crazy things done with ping pong balls says:

    I don’t know Essex. I’m convinced that humans have always had the same level of intelligence, but society and more so, the environment they are raised in, significantly determines their educational outcome.

    It’s like with sports. The son or daughter, who plays catch (or swings a bat/kicks a ball/passes a puck/plays chess/etc.) with a parent every day will end up as a strong athlete. I’ve seen this from coaching time and time again. It is one out of a hundred that someone is born with massive talent (a natural). The other 99 have worked extremely hard to get where they need to be.

    Our older son is still straight A’s for 8 1/4 school years now. He never was selected for gifted & talented like the vast majority of the kids in his honors classes. Where most kids study for an hour, Gator Jr. has to study for three. In honors math and science, he rarely finishes early enough to be able to check his work and often needs more time to finish than the allotted, which he is frequently not granted, which I have no problem with. Working quickly and efficiently is equally as important as knowing the subject matter.

    Glen Ridge has an incredibly competitive school system. Families have two much money and I honestly don’t know of a single kid, bedside’s my own, who did not spend at least some time at Kumon or a similar tutoring/instruction outlet outside of school. This extra learning, like the parent’s who played catch with their kids every day, make all the difference.

    Also, I have an absolutely incredible long-term memory and probably the worst short-term memory that I’ve ever witnessed. I forget names and numbers almost instantly. But I remember high school and college like it was yesterday. I went to a pretty high ranking high school myself and these kids are learning way more and are many times smarter than we were. On back-to-school night, the student clubs set up a recruiting center in the school library. I couldn’t believe the clubs they have today. There’s way more community service involvement and lots more clubs that foster/require critical thought. Gone are the days of everyone joining either Key Club or NHS.

  63. Libturd, seen crazy things done with ping pong balls says:

    I have columns that resemble these in front of my house. All of the M1LFs in my neighborhood can’t stop grinding on them (SFW).

    https://bit.ly/2J56wmC

  64. ExEssex says:

    Juice box you are a weird f$ck.

  65. Juice Box says:

    ExEssex – I was an 80’s child.

    https://www.youtube.com/watch?v=xCChxBSRo1Y

  66. ExEssex says:

    The drummer of that very band used to give my wife a ride to school in the mornings when she was a teenager.

  67. Juice Box says:

    re: the environment they are raised in and humans have always had the same level of intelligence.

    Not so, no environmental condition of any kind has been proven to make a someone a genius. Overall scores have been increasing do to environmental conditions but the percentage of people who are genius+ levels is not increasing.

    Infact it may be going the other direction aka Idiocracy.

    https://www.youtube.com/watch?v=-N9nVLXMhPc

  68. PatrioticHillbilly says:

    Hey I just got a letter in the mail from my car dealership. My mini van is so popular they want to but it back for top dollar!!!

    I am petty and small minded but I am the man!!! Everyone wishes they were me!!!

  69. Juice Box says:

    re: “Everyone wishes they were me.”

    Yes yes yes! Bragging about some moronic in the hopes that people will think you are cool.

    It’s all a balance being cool, just ask ExEssex.

    One minute he is jaunting around Hollywood hills with the top down and the radio on, next he is gnashing his teeth at people because those who work for a living want to keep their money.

  70. ExEssex says:

    11:14 riiight. That’s me man, you really nailed it.

  71. chicagofinance says:

    Dude: hang in there….

    Bystander says:
    October 18, 2019 at 6:51 am
    Maybe I will become a low life history teacher. Let me first whack once side of my brain with a ball peen hammer since I won’t be needing it anymore.

  72. PatrioticHillbilly says:

    The only thing more moronic than begging about a solicitation by a contractor would be bragging about having a nice lawn. Oh that’s right, the idiot did that too. Or bragging that your commuter is a 15 year old “European import.” Moron did that too.

    Sadly I would think this guy is fake but he’s more likely real. Just another self absorbed fool.

  73. ExEssex says:

    Dalio said the world was also experiencing the biggest wealth gap since the 1930s and that was creating political stress.

    “In the United States the top one-tenth of 1% of the population has a net worth that is approximately equal to the bottom 90%,” he said.

    Dalio told the CNBC panel that China’s new swagger was further evidence that the world now echoes the depression era of the last century.

    “Also like the 1930s, we have a rising power challenging an existing world power in the form of China-U.S. challenges.”

    The hedge fund titan claimed there were four types of war to watch for — trade, technology, currency and geopolitical.

    ********************************************************************************

    It’s coming, It’s gonna mean different things for different people, but make no mistake.
    It Is Coming.

  74. Juice Box says:

    Not enough inventory? Nobody wants to move?

    “the market needs more homes to go up for sale, whether they are new builds or existing homes, to be truly healthy and stable.”

    https://www.housingwire.com/articles/the-hidden-housing-problem-there-just-arent-enough-houses-on-the-market/

  75. The Great Pumpkin says:

    Solicitation? He was measuring my columns WHEN I WASN’T HOME. Probably because a client of his pointed to my home and wanted the same. Don’t even know the name of the company, didn’t bother looking at the letters on the pickup truck parked on the street.

    I can’t post anything on here without you guys getting all upset. I’m sorry you are stuck driving a minivan around and have to live the life of a patriotic hick.

    Are you guys ever happy for someone, or just get drunk off the hater-ade?

    Now you are going to get lib all upset because I posted.

    PatrioticHillbilly says:
    October 18, 2019 at 11:24 am
    The only thing more moronic than begging about a solicitation by a contractor would be bragging about having a nice lawn. Oh that’s right, the idiot did that too. Or bragging that your commuter is a 15 year old “European import.” Moron did that too.

    Sadly I would think this guy is fake but he’s more likely real. Just another self absorbed fool.

  76. The Great Pumpkin says:

    The other contractor that I actually spoke to wasn’t selling me anything. He gave me his business card to match up with his license because I was basically like who are you and wtf are you doing on my property. He asked about the material used on the house and talked about how he admired it. I told him I had nothing to do with it, but was fortunate to have bought it right after the previous owner renovated it all.

    Now tell me how I’m trying to be so cool. Dudes rip on my home over and over, and once I bring some positive light to my home, it’s deemed showing off and claims of me saying “I’m the man.” If you say so.

    I bring a lot of fun to the blog, but you guys are such haters it’s insane. Lighten up.

  77. No One says:

    Libturd,
    Short term memory is a big help in school, but in life, spending the time to truly understand a subject, and working hard at mastering something can deliver long run rewards in real life. I always knew people smarter than me in school, some went on to do well, others flamed out in real life.

    For most subjects, moderately above average intelligence is good enough to excel if coupled with hard work and critical thinking.

    Can JR get a scholarship to private high school for his hockey?

  78. Juice Box says:

    re: “Lighten up”

    Listen Francis don’t tell me to lighten up. I am in the middle of enjoying my home ownership and the joys that come with it like endless gardening.

    I was out late last night chainsawing my favorite tree into little itty-bits because the windstorm knocked it down. As I was out there swinging my chainsaw around like a man I noticed a massive hornet nest in the middle of my second favorite tree in my yard. I may have to nuke my whole property with napalm and kill every living thing just to get rid of that damm hornet queen that keeps coming back year after year.

  79. PatrioticHillbilly says:

    Lol. Measure a pillar? Are you kidding me? He was dropping a flyer in your door. Was this low IQ carpenter some relative of yours?

    And I’m proud to have a mini van. It’s the most practical vehicle for children. You know the people with character are willing to sacrifice their lifestyle for family. Your shallow existence is void of that concept.

  80. PatrioticHillbilly says:

    According to pumpkin and his delusional self image, if you drive a beater Audi it’s a European luxury vehicle. What a shuck and tard this guy is.

    I’m going to start calling my explorer a domestic utility vehicle.

  81. The Great Pumpkin says:

    hillbilly,

    You call it shallow, I call it pride. I worked hard to have what I have. Having a nice home and taking care of it has nothing to do with showing off, and everything to do with pride. Wish more people understood this. Can’t stand people that let their home go to crap due to laziness.

  82. PatrioticHillbilly says:

    But you don’t have anything schmuck. That’s the point. You are a nobody.

  83. The Great Pumpkin says:

    I’m not here bragging about some million dollar home. I paid 650k, nothing out of the ordinary. But it’s a nice house, not a mansion, just a center hall colonial done right. Shows pride of ownership, and that’s what I value. Not how big the f’ing house is or how much it cost. I take pride that I have a forever home I love and didn’t financially ruin me. It’s easily affordable at our current income. The price to earnings ratio is almost exactly 2.

    If I went house shopping right now, no way I find a home in this price range like mine. That ship has sailed. Fortunately, I was in a position to buy this at the end of 2011.

  84. The Great Pumpkin says:

    And I’m fine with that. I hit my life goals. My life goal was to own a single family home and I happen to own two properties now, all before the age of 40. I’m happy. I’m not comparing myself to anyone. Based on the hand I was dealt growing up, I’m doing great in my eyes. That’s all that matters.

    Love saying this…this nobody called the economy almost 10 years out. Damn right, I have pride in that.

    PatrioticHillbilly says:
    October 18, 2019 at 2:33 pm
    But you don’t have anything schmuck. That’s the point. You are a nobody.

  85. The Great Pumpkin says:

    We would make awesome neighbors. I would be right there helping you.

    Juice Box says:
    October 18, 2019 at 2:00 pm
    re: “Lighten up”

    Listen Francis don’t tell me to lighten up. I am in the middle of enjoying my home ownership and the joys that come with it like endless gardening.

  86. Juice Box says:

    re: “We would make awesome neighbors”

    Good Fences make awesome neighbors and mine would be electrified!

    Seriously I don’t think you could handle being my neighbor, there is just way too much manliness on display at my place including late night in my hottub!

  87. MAX 737 says:

    Boeing is beyond Fuct.

  88. PatrioticHillbilly says:

    If you feel Compelled to keep telling people your story over and over you probably need a shrink. It all adds up to you being an intolerable person.

  89. ExEssex says:

    Vintage Euro cars are pretty cool actually.
    They cost a small fortune too keep up but I dig the analog vibe.

  90. 3b says:

    Lots more apartment building going on in Bergen soon it will really look like the Bronx as some of snobby surburban neighbors say! Always made me angry picking on my home place when there are plenty of bad areas in north Jersey.

  91. 3b says:

    Juice glad all the years in surburbia have not taken the Bronx out of ya!!

  92. Bystander says:

    Correction, dufus..your wife worked very hard.

  93. Juice Box says:

    3B – Open house this weekend only $750K White picket fence included…

    https://www.zillow.com/homes/2963-Lafayette-Avenue-bronx-ny_rb/29844686_zpid/

  94. The Great Pumpkin says:

    Dude, proves I’m not shallow. I can afford a brand new car right now, but I still have the European car I bought almost 15 years ago at 25. I’m sorry I take care of my stuff and don’t want to buy a new car when mine works perfectly fine and is in great shape. Why should I, so I can prove to people like you how big my d!ck is? I didn’t work this hard taking care of my car so I could give someone else a great used car. My time is coming to an end with this car, but I she was good to me.

    PatrioticHillbilly says:
    October 18, 2019 at 2:17 pm
    According to pumpkin and his delusional self image, if you drive a beater Audi it’s a European luxury vehicle. What a shuck and tard this guy is.

  95. 3b says:

    Juice The Bronx is seeing some crazy pricing! That house is in the Throggs Neck area very close to where I grew up. That area is still holding on. Still have a good number of cops and firemen living there.

  96. 3b says:

    No grass in backyard not surprised Bronx Italians don’t do grass! Whoever buys it
    Will put an apartment in the basement.

  97. Juice Box says:

    Only thing left in my old neighborhood is Walk-up Apartments and parks still looking as ratty as ever. We used to play on Mosholu Golf Course off Jerome ave and take the Subway to Yankee Stadium as kids, all without supervision. I still remember the subway graffiti too, good times…

  98. 3b says:

    Juice your old neighborhood used to be nice back in the day. My old neighborhood was a mix of two and theee family houses and apartment buildings. I drove by a couple of weeks ago as I was in the area and it is almost unrecognizable. Looks very worn, dumpy and dreary. Subway was a couple of blocks from my house we used to go downtown as we called it all the time. Graffiti, boom boxes, and all the rest!

  99. PatrioticHillbilly says:

    The fact that you think any of that is any way significant affirms to me How much of a simpleton you are.

  100. 3b says:

    Just read an article that says 40 percent of boomers surveyed said social security will be their primary source of income in retirement. I guess they won’t be leaving money to their millenial kids.

  101. Williamatody says:

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  102. The Great Pumpkin says:

    So call me a simpleton. No problem, simple is peaceful.

  103. The Great Pumpkin says:

    Being a marriage, we make a great team. I bring a lot to this partnership, quite frankly, probably more being that my investment at 19 made hundreds of thousands of dollars and is producing 60,000 a year at the moment. That’s not including other investments in stocks.

    Bystander says:
    October 18, 2019 at 3:22 pm
    Correction, dufus..your wife worked very hard.

  104. The Great Pumpkin says:

    Those are the poor boomers. You realize only 62% of the population even owns a home, right? Top 20% are your rich, even though this blog like to believe only 1% of the population is truly rich.

    3b says:
    October 18, 2019 at 4:05 pm
    Just read an article that says 40 percent of boomers surveyed said social security will be their primary source of income in retirement. I guess they won’t be leaving money to their millenial kids.

  105. crushednjmillenial says:

    Pumpkin . . . re your post wherein you ask why you would want to get a new car instead of a 15 year old car . . . the new car would generally be safer. If you don’t care about a car’s aesthetic, then that is fine and good, but I believe there is a lot of value in having a safer car.

    I’m generally inclined to make frugal choices, but subjecting yourself to poor auto safety by keeping an old car is similar to eating dollar-menu fast food – it seems frugal except for what the health costs will be later.

  106. Chicago says:

    Am I wrong? Aren’t you over 50?

    The Great Pumpkin says:
    October 18, 2019 at 3:36 pm
    Dude, proves I’m not shallow. I can afford a brand new car right now, but I still have the European car I bought almost 15 years ago at 25.

  107. leftwing says:

    Multiple contractors show up to his $650k highway house while he’s gone while little wifey who’s taking down $250k and married to an Abbott idiot that makes Opie from Family Guy look like a nuclear physicist is home…

    Yeah, those contractors are measuring columns….LOL, there’s lots of column work going on, nothing to do with yours…..

  108. The Great Pumpkin says:

    Totally agree. I will never do this again, 15 years is insane. If the new m3 was available now, I would be on it.

    Lesson that was learned here; moderation wins again. I took care of a car more than I should have, to the point, I was forced to hold on to it much longer than I wanted to just because I didn’t want to sell it. They don’t give you more money for having maintained a car perfectly both cosmetically and internally. No one gives a damn, lesson learned. Take care of the car, but don’t go overboard. You are just wasting your time, unless you want to hook up the guy buying your car.

    Anyhow, life is too short to be wasting your time with one car for 15 years. Want to experience multiple cars before I die. Going to rock this m3 for a couple years, then hopefully upgrade to my ultimate dream car…911.

    crushednjmillenial says:
    October 18, 2019 at 7:39 pm
    Pumpkin . . . re your post wherein you ask why you would want to get a new car instead of a 15 year old car . . . the new car would generally be safer. If you don’t care about a car’s aesthetic, then that is fine and good, but I believe there is a lot of value in having a safer car.

    I’m generally inclined to make frugal choices, but subjecting yourself to poor auto safety by keeping an old car is similar to eating dollar-menu fast food – it seems frugal except for what the health costs will be later.

  109. The Great Pumpkin says:

    Whatever, I thought it was unique enough of an experience to share.

    leftwing says:
    October 18, 2019 at 8:22 pm
    Multiple contractors show up to his $650k highway house while he’s gone while little wifey who’s taking down $250k and married to an Abbott idiot that makes Opie from Family Guy look like a nuclear physicist is home…

    Yeah, those contractors are measuring columns….LOL, there’s lots of column work going on, nothing to do with yours…..

  110. The Great Pumpkin says:

    I’m 39. F’en kill me…going to be 40 next year.

    Chicago says:
    October 18, 2019 at 7:53 pm
    Am I wrong? Aren’t you over 50?

  111. The Great Pumpkin says:

    And lefty, my wife is hot. Maybe she is cheating on me, but not sure why. I still get Id’d for alcohol. Was blessed with boyish looks. So her loss.

  112. The Great Pumpkin says:

    Yea, picture that. A hot wife that makes money, and you fools think she would marry a loser.

    I love blog land.

  113. Bystander says:

    She does not want to lose half of her hard earned money and pay palimony. Tough spot for her, marrying down at young age

  114. Bystander says:

    ..or alimony.

Comments are closed.