C19 Open Discussion Week 50c

From CBS:

Biden extends foreclosure ban for federally backed mortgages until June 30

President Joe Biden is extending a ban on housing foreclosures to June 30 to help homeowners struggling during the coronavirus pandemic.

The moratorium on foreclosures of federally guaranteed mortgages had been set to expire on March 31. On his first day in office, Mr. Biden had extended the moratorium from January 31. Census Bureau figures show that almost 12% of homeowners with mortgages were late on their payments.

The White House says the coordinated actions announced Tuesday by the Departments of Housing and Urban Development, Veterans Affairs and Agriculture also will extend to June 30 the enrollment window for borrowers who want to request mortgage payment forbearance — a pause or reduction in payments — and will provide up to six additional months of forbearance for borrowers who entered forbearance on or before June 30 of last year.

The White House says more than 10 million homeowners are behind on mortgage payments and Mr. Biden’s actions are to help keep people in their homes amid “a housing affordability crisis” triggered by the pandemic. It says “homeowners will receive urgently needed relief as we face this unprecedented national emergency.”

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51 Responses to C19 Open Discussion Week 50c

  1. Phoenix says:

    First

  2. ExEssex says:

    Boebert has an 80 IQ. Prove me wrong.

  3. ExEssex says:

    One of AOCs breasts is smarter than Lauren Boebert’s entire family.

  4. crushednjmillenial says:

    Biden extending the foreclosure moratorium . . .

    I would suppose that we see delinquent mortgage borrowers catching up quickly . The writing is on the wall that the Covid shutdowns should be winding down soon (case counts way down, vaccine administrations are rolling at a reasonable pace, and warmer weather is coming soon), while home values have rocketed up.

    There shouldn’t be too many people underwater out there right now. The Case Schiller national index peaked at 206.65 during the housing bubble peak, and we are currently at an all-time high of 238. The Case Schiller curve accelerated its upward trend substantially starting with the June 2020 number.

    It will be interesting to see the spring selling season for homes play out. Sub-3% mortgage rates, demographics, and FOMO against (1) all-time high prices; (2) 6.3% unemployment and (3) WFH-provided geographic mobility. Are the buyers pent-up because they want to upgrade their housing or are the sellers pent-up because Covid made sellers delay planned 2020 home sales?

  5. crushednjmillenial says:

    Is Murphy’s collar getting hot in an election year . . .

    Cuomo is facing a storm over nursing homes deaths, if the media will actually report it.

    Murphy followed the Cuomo playbook, page-by-page. It is an election year. The NJ legislative Republicans announce independent hearings to examine nursing home deaths, among other Covid-response topics. However, there is no article on nj.com; there is no article about this on insidernj. Seems like the nursing home issue might give some possibility for victory to a primary challenger from the Sweeney wing of the D’s against Murphy or even a Republican in the general election.

    https://twitter.com/tomkean/status/1362447611043667969

  6. ExEssex says:

    My armchair prediction calls for some significant changes in corporate workforce standards. This WFH genie is out of the bottle. It is just what many people have been wishing for. More time for important things and less wasted time commuting.

  7. Phoenix says:

    My armchair prediction calls for some significant changes in corporate workforce standards. This WFH genie is out of the bottle. It is just what many people (Teachers) have been wishing for. More time for important things and less wasted time commuting.

  8. grim says:

    NJ pharmacies will start getting Pfizer allocations next week, so if you’ve been trying to schedule appointments, keep trying, as many will have additional appointment blocks opening up.

  9. grim says:

    Refi done! 2.25 no points, not bad. Was pretty happy with Provident.

  10. Fast Eddie says:

    Looks like Texas will be forever known as O’Biden’s Katrina. One month in to his regime and already a slew of f.uckups.

  11. Phoenix says:

    No problem. The vultures will be ready to swoop at the right price.

    “The White House says more than 10 million homeowners are behind on mortgage payments and Mr. Biden’s actions are to help keep people in their homes amid “a housing affordability crisis” triggered by the pandemic.”

  12. Phoenix says:

    Eddie,
    The Biden/Texas thing is a non-starter. It’s perfectly fine to deregulate. But those running the energy sector in Texas are criminals. They were warned years ago what would happen but chose to roll the dice.

    They should just take those executives into the town square and let the locals do what they wish to do with them, and live stream it. It would never happen again.

  13. Phoenix says:

    Chi
    Yeah, and how many execs are on Ritalin, Valium, you know, for their (cough, cough) ADD and anxiety? Just like other members of society lathering on the testosterone gel by the gallon due to their supposed low readings…

  14. ExEssex says:

    7:50 not even close, but thanks for playing.

  15. Fast Eddie says:

    8:20 – At some point, you’ll need to admit the failures of this regime and their ideology. This is what you voted for, this is what you wished for. Look beyond the media backing and show contrition.

  16. Hold my beer says:

    Fast

    Wrong

    The Republican controlled state legislature failed for decades to require mandatory winterization of the power grid.

    People are so angry in Texas the storm might be what flips the state blue

  17. Hold my beer says:

    Fast

    Your orange hero was such a divisive disaster we wound up with Biden

    At least Biden will listen to experts and attend briefings instead of watching tv

  18. BRT says:

    Is Murphy’s collar getting hot in an election year . . .

    Cuomo is facing a storm over nursing homes deaths, if the media will actually report it.

    Murphy followed the Cuomo playbook, page-by-page. It is an election year. The NJ legislative Republicans announce independent hearings to examine nursing home deaths, among other Covid-response topics. However, there is no article on nj.com; there is no article about this on insidernj. Seems like the nursing home issue might give some possibility for victory to a primary challenger from the Sweeney wing of the D’s against Murphy or even a Republican in the general election.

    We’ll see. If you talk to everyone around NJ, they are still of the opinion that Murphy handled the crisis well and “prevented loss of life”. They are woefully ignorant to the fact that he has the worst results in the entire world.

  19. Bystander says:

    Ed, let us know when Biden comes out with statement that he had the greatest crisis response of all time and Ted Cruz’s wife is ugly. That is where your mind and your party still is.

  20. Fast Eddie says:

    I’m glad you dem sheep are finally willing to admit it was the democrat mayor and democrat governor of Louisiana that was at fault for the Katrina response and not Bush. The narrative was created by the media to cover for the state and local democrat f.uckups. Just as the deaths of thousands of seniors was the fault of the state leadership by democrats in NY and NJ.

  21. Fast Eddie says:

    Ed, let us know when Biden comes out with statement that he had the greatest crisis response of all time and Ted Cruz’s wife is ugly.

    They need to remind O’Biden daily what’s going on in the world as his short term memory is shot. Even if coherent, he has no passion or charisma. Couple his dull personality with his dulled senses and you basically have a bag of warm blood that squeezes out a few babbling sentence fragments.

  22. Phoenix says:

    HMB
    Texas will take the Democrat green handout but will most likely stay red.

    Only thing turning blue in Texas is the frostbitten fingers and toes. And the corpses. The core will stay red.

  23. Hold my beer says:

    Fast bush appointed a college Buddy to run fema who had no experience in disaster management

    https://www.thenation.com/article/archive/bushs-witt-less-fema/

  24. 3b says:

    You are doing a heck of a job Brownie!!

  25. Bystander says:

    I will take half dementia robot over deranged narcissist who dismissed experts bc of his large brain..and oh sweet Jesus we are coming back full circle to defend the deep state old R who you guys threw under bus with Dumpy? Bush own his words, as opposed to clowns, “I take no responsibility”

    But Bush admits he should have acted sooner. “I should have recognized the deficiencies sooner and intervened faster,” Bush wrote in his 481-page memoir on his two-term presidency. “The problem was not that I made the wrong decisions; it was that I took too long to decide

  26. Chicago says:

    What do these things do? Help lose weight? Give you a buzz? Testosterone is not steroids? Is that for limp Willy?

    Phoenix says:
    February 20, 2021 at 8:16 am
    Chi
    Yeah, and how many execs are on Ritalin, Valium, you know, for their (cough, cough) ADD and anxiety? Just like other members of society lathering on the testosterone gel by the gallon due to their supposed low readings…

  27. BRT says:

    I took Ritalin from age 14 up to age 30 for my ADD. I can probably do academic work/research at a pace of 8x that of a normal person compared to the normal 2 to 3 that I would be able to off it. Side effects are it’s a super heavy appetite suppressant and if you don’t dose right and manage how long you do it prior to bed, you won’t get to sleep.

    I would go off it every summer and the reverse would happen where I couldn’t stop eating.

  28. ExEssex says:

    11:08 better living through chemistry.

  29. leftwing says:

    “Even if coherent, [Biden] has no passion or charisma. Couple his dull personality with his dulled senses and you basically have a bag of warm blood that squeezes out a few babbling sentence fragments.”

    I said well before he even announced his candidacy for this election cycle his heart wasn’t into it and he didn’t really want to be President….I still see signs of that all over….There was a live feed of him walking outside the WH from one wing to another, guy’s body language was total dejection. Also, recall his Inaugural speech…he basically opened with I shouldn’t be up here, my kid should be….I get Beau’s death hit him hard, but who the fcuk says that when you are accepting what is supposed to be the highest profile, most powerful job on Earth??

    Unless you are into the whole power trip and pomp thing actually being President is a bit of a sucky job….Joe is collegial, the country club member always around that gets along with everyone and that everyone likes…his DNA is specifically not made to be the soloist in the spotlight….

    During my insufferably numerous counseling sessions my ex- occasionally had some good insights. One was “you fell in love with the concept of me, but not me”.

    Joe loves having been a US President, he just really doesn’t care to BE one.

  30. EddieNeedsOtherKneeBrokenByRocco says:

    Eddie,

    You fat bloated high as kite nitwit. Don’t even dare mention Katrina and Biden. The Texas mess is a wholly owned Texas GOP problem lock, stock and barrel with their de-regulation.

    Joyce mentioned electric utilities prices. NJ regulates their utilities enough that “free market scams” that you got in TX are nipped in the bud right away. A TX resident is at the mercy of what ever utility, insurance, or business entity they do business with. The State Govt is bought and paid for by the business world.

    Eddie, this quote is for you.

    “I know nothing that I may say can influence you. You have no souls to be influenced. You are spineless, flaccid things. You are lick-spittles and panderers, the creatures of the Plutocracy. You talk verbosely in antiquated terminology of your love of liberty, and all the while you wear the scarlet livery of the Iron Heel.”

    Jack London

  31. leftwing says:

    ^^^^ wow, somebody should drop some of the aforementioned meds…..

    New coating of snow, making everything perfectly white, brilliant sunshine….join me in hopping off here and heading outside with a smile…..

  32. Juice Box says:

    Funny people forget about all the power outages we have seen around here over the years, and some not even weather related.

    Seventeen years ago, a high-voltage transmission line sagged into an overgrown tree on a warm summer day in northern Ohio. It caused a fault that triggered a cascading outage that ultimately interrupted electric service to 55 million people across the Northeastern United States and Ontario, Canada.

    That weekend my sister got married. Fortunately we were at the Jersey Shore were the power was still on because it was from the local Nuke Plant Oyster Creek which is now closed.

    PJM Interconnection is no shining star folks.

  33. Fast Eddie says:

    EddieNeedsOtherKneeBrokenByRocco,

    Don’t even dare mention Katrina and Biden.

    I already did. He didn’t respond and people suffered tremendously. Blame it on the state response but the truth is, the O’Biden administration failed epically. The guy doesn’t have the ability to lead nor does his appointees. This regime is even worse than the Oblammy empire. The country is currently lead by a bunch of radicals and apologists… a burgeoning welfare state all too ready to cater to the mental midgets who cry for rations and grub to be forced down their swollen gullets. Little by little, the puppet strings are being applied and you weaklings are willingly @ss-f.ucked in exchange for favors.

  34. The Great Pumpkin says:

    Valid back then, valid today, and will be valid tomorrow.

    https://youtu.be/MOwesWn3vU4

  35. Hold my beer says:

    FSt

    Explain how Biden is supposed to winterize 800 power plants during a storm?

  36. Phoenix says:

    “What do these things do? Help lose weight? Give you a buzz? Testosterone is not steroids? Is that for limp Willy?”

    Wanna score better on the SAT’s or any other tests? Dope up first. I thought all wealthy people knew this.

    There are many performance enhancers for different things. Think they don’t make a difference? Sure they do, within reason. And the wealthy have full access to this stuff.

  37. ExEssex says:

    I like my pills to grow on a bush.

  38. The Great Pumpkin says:

    his week, I wanted to share our digital cover story about Bill Gates and his new book outlining a plan to tackle one of the most vexing problems facing civilization: climate change. It’s an important subject at any time, but particularly now, as we watch infrastructure in parts of the country break down under the stress of freezing temperatures and witness the heartbreaking situation in Texas, where so many have struggled without access to electricity, heat or clean water. The effects of global warming are already upon us, and Gates’s plea for a more thoughtful approach comes from a realization he had while traveling in Nigeria, where he saw firsthand the effects of energy poverty. How do you keep a sustainable national grid up and running without destroying the planet? In 2015, he launched a $1 billion venture capital fund to invest in climate technology, and this week he released How to Avoid a Climate Disaster, his new book summarizing the various innovations he believes will be necessary to prevent a global catastrophe. “This is, you know, a harder problem than ending the pandemic or getting rid of malaria,” Gates tells writer Christina Binkley. But “lots of idealistic people [are] pushing the cause forward.” Read the full story below, and don’t miss our video interview with Gates, part of our ongoing series called The One, in which he reveals the single best decision he ever made and one thing he can’t live without. (For even more of his answers, including the one book he thinks everyone should read, check out the written version, The One Sheet, below.)

  39. chicagofinance says:

    Dude. Just because someone is rich doesn’t make them a scumbag. Of my peers throughout life….I can think of only a few that would fit that description. The ones that resort to shortcuts are pretenders that need a boost to measure up. The genuine article doesn’t need bullsh!t crutches.

    Phoenix says:
    February 20, 2021 at 1:03 pm
    Wanna score better on the SAT’s or any other tests? Dope up first. I thought all wealthy people knew this.

    There are many performance enhancers for different things. Think they don’t make a difference? Sure they do, within reason. And the wealthy have full access to this stuff.

  40. Phoenix says:

    “Dude. Just because someone is rich doesn’t make them a scumbag.” Strawman argument. Never said that. Plenty bust their azz to get there in life. No doubt.

    A little humor on that subject:

    https://www.youtube.com/watch?v=DPXZFy6YVrU

  41. Phoenix says:

    Sorry, wrong link to the humor. That was other humor-BTW she is a Jersey girl and rocks it.

    https://www.youtube.com/watch?v=9VvyEhlvOiU

  42. Phoenix says:

    That’s how I’m gonna feel if I ever get my stimulus check.

  43. ExEssex says:

    2:02 it’s a problem we’d all like to have. Being rich. I won’t lie. The question in most cases is how rich do you want to be and what are you willing to do for it?

    See here: https://youtu.be/o9ELnxa2jvY

  44. njtownhomer says:

    “Seventeen years ago, a high-voltage transmission line sagged into an overgrown tree on a warm summer day in northern Ohio….”

    I actually researched this back in the day at my job. The tree maint was a budget item and the low-profit utilities didn’t have any budget for. Partly the ‘nothing is gonna happen’ mentality of old, round belly utility executives that are so bad in renovating the power grid system. The cascaded failures were a known risk, but noone does what they want. We have all IOT, 5G etc, and yet still one needs to report outage to the utility companies.

    Fast

    Nice try, would have worked for AZ or MS. But folks in TX don’t see Feds as a counter-party. Even with the segregated ERCOT. The Texan car dealer I first Honda there was happy to tell me he left the country only once and that was to Kansas.

  45. The Great Pumpkin says:

    People are lost..

    “Julie Evans thought she’d get a refund from the IRS this year, so she got to work on her taxes first thing in January. A former administrative assistant, Evans was out of work for all of 2020. To save money, she is living with her adult children in Kent, Washington, and scraping by on unemployment benefits. “The idea of $400 or so [refund] was enticing,” she said. 
    Instead, Evans got a shock: a $1,600 tax bill. “I don’t know where I’m going to come up with the money,” the 59-year-old told HuffPost.”

    https://apple.news/AswmVK4nPRKWZKKZARroqaA

  46. The Great Pumpkin says:

    “In the short run, the market is a voting machine but in the long run it is a weighing machine.”

    — Ben Graham

  47. Fabius Maximus says:

    An interesting viewpoint on Climate Change.

    https://twitter.com/amywestervelt/status/1363556248776368130

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