From the Star Ledger:
N.J. could soon face a historic housing crisis. A city devastated by COVID-19 might be the epicenter.
Thousands of families forced from their homes. Homelessness at historic levels. A city already devastated by COVID-19 facing yet another crisis.
Newark is on the brink of a housing emergency — hastened by the coronavirus — that could have cascading effects across New Jersey.
More than 14,000 eviction cases are pending in Essex County court — most of them thought to involve Newark tenants — delayed because evictions have been suspended during the pandemic under Gov. Phil Murphy’s emergency order.
But as more people get vaccinated and the state climbs out of the devastation wrought by the pandemic, Newark and other cities could be plunged into an eviction crisis they’re not prepared to face.
“Unless there is something systemically done to address this overwhelming backlog and imminent avalanche (of evictions), I do not think things are going to be back to normal,” said Khabirah Myers, a lawyer in Newark’s Office of Tenant Legal Services. “We’re going to see potential homelessness at historic levels.”
The problem is not confined to Newark. A staggering number of New Jersey residents could be thrown out of their housing unless substantial funding is earmarked for rental assistance for tenants who have fallen behind on rent and evictions are further delayed, experts say.
Around 60,000 evictions are pending across the state, data from the state judiciary shows. Matt Shapiro, president of the New Jersey Tenants Association, said those likely represent only a fraction of evictions that will be filed once the moratorium ends.
“Most landlords haven’t filed evictions because of the lockout moratorium,” Shapiro said. “If we don’t do something, you’re going to see 200,000, 300,000 pending evictions.”
Frist
Now is not the time to take an old school approach to a new school game.
I know, 4 months ago was
Very good you two.
Here we go with the position pieces about all of those big bad landlords. Those I know who own rental properties are not big REITs. My buddy has a two family with both tenants not paying rent for almost a year. He’s $3ok in the hole. My co-worker kept his wife’s condo as a rental when they got married. Their tenant is only behind 6 months. Both are doing upkeep because they are afraid of an activist judge in Newark genuflecting to the tenants because of that leaky toilet or fridge they wanted replaced. I guess they don’t fit into the “hard working folks” that Biden talks about. Shaft the middle class again.
There is something like $50 billion in federal money now for back rent from the last three bailout bills. The states can also take some of the $350 billion and apply it towards back rent. Of course they want the landlords to take a haircut on it too.
https://www.nj.com/coronavirus/2021/03/nj-could-soon-face-a-historic-housing-crisis-a-city-devastated-by-covid-19-might-be-the-epicenter.html
I highly doubt there’s enough in the bill to make up even one quarter of the shortfall. Yet we borrowed 4 or 6 million to make the whole pension payment where a 200 billion liability still exists. If you have any money whatsoever, you really need to get out of this state ASAP.
Have the NJ republicans filed another lawsuit over the borrowing? Instead of increasing the budget by $4B we could pay back the loan right now. And that’s not even factoring in the Fed stimulus.
Back of the envelope math time.
200,000 convictions with an average year of unpaid rent. At $1,000 owed per month (yeah, I’m being nice) that’s 200k x 12k or 2,400k or 2.4 billion. I suppose, it’s totally in the realm of possibility that the feds will help us out, but I highly doubt they will. For the country, you would have to multiply by about 40 or 80 billion, which sounds completely doable. But they won’t. Better to build bridges to nowhere.
Meant billion in the borrowing of course.
In today’s Bergen Record, there’s a write-up regarding Montclair parent’s protests on reopening the school district. I guess the home-based Mandarin lessons aren’t going so well. Maplewood-Orange and few other districts are firing away as well. I’m sure there’s a slew of them. Parents are getting beyond p1ssed now. I thought it was all about the children? The union is robbing the kids while cashing their paychecks. Why are Catholic schools and most other private schools in the classroom since September? I already know the answer. Fire those in charge of this looting and let someone else step in.
Here’s a video for Phoenix
https://www.yahoo.com/news/woman-texas-claimed-police-brutality-153038062.html
1:48 why because they’re @ssholes with no regard for public health.
I don’t think NJ teachers will be returning to the classroom until September. We are half way through March at this point.
Essex unless being open is spreading Covid, you can’t call them a holes. The Jewish private school by me is open, and it’s one school k to 12. If the kids and teachers were getting Covid I would think they would close the school.
Our district is going to start 5 days a week all cohorts (except remote cohort) for all K-8 starting on mid April. Leave at lunchtime, perhaps but this is a good move.
Bruno Mars….. now there’s a Little Richard .
6:19 not likely.
My school has been open since September, contact tracing shows ZERO cases of transmission inside the building. And we are more populated than other districts with 80% of our students opting for in person instruction.
Perhaps need to clarify, our district also has hybrid approach, two cohorts sharing 3 and 2 days a week in person, afternoon remote online. Now they would combine both in-person cohorts together for 5 days a week. Moving on nicely.
Any district that has 50% opting for in person should be in full 5 days of school, no alternating cohorts. We’ve done 40/40 split all year. We want to get the entire 80 back which may be possible now that they’ve said 3 ft is no different than 6 ft.
The real BS is that all these schools that stayed closed, they did so for no reason at all.
This is depressing. This popped up on my YouTube feed tonight. It shows the homeless in Venice California . The guy walks around Venice and he shows photos from movies or where rock stars posed for a photo and then shows all the homeless there now. It’s like a dystopian movie. He has a few other videos on homeless in LA and Beverly Hills. Someone mentioned the homeless in Venice and LA last week. It’s one thing to read about it, but to see it is eye opening and depressing.
https://www.youtube.com/watch?v=rF-5hVfrqSY
Venice is a unique area kind of Urban, eclectic and pricey…at least it was. See below note Days on the market. LA county so their approach to homelessness is very unusual.
https://www.zillow.com/homedetails/2715-Ocean-Front-Walk-Venice-CA-90291/2093741835_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare
Of course your neighbors are drug addicts and live rent free… they have ‘rights’ re: their possessions which amount to tents, bicycles…
6. Tents and other stuff on the street
Is it legal to store things on the street?
You may have things on the street or sidewalk or other public area that can fit into a 60 gallon container, and only if you are present with the items. But items cannot block any path of a sidewalk or street, or be a hazard to others. And you must move your things for maintenance or cleanings.
It is NOT legal to maintain any large items that cannot fit into a 60 gallon container (except for bicycles, walkers, crutches or wheelchairs) on the street or sidewalk or other public area, including a mattress, couch, chair, other furniture or appliance, or any other “bulky items.”
It is NOT legal to leave any personal items unattended, whether large or small, in a public area.9 You also may not leave any trash or waste in a public area, as this is considered littering or “illegal dumping.”10
Are tents on the street illegal?
Having a tent up on a street, sidewalk, or other public area is illegal from 6am to 9pm, unless it is raining or below 50 degrees.11 But tents can never block a path or present a safety hazard.
Friendly reminder to say your prayers for ARKK this morning.
https://www.forbes.com/sites/johnbuckingham/2021/03/15/no-value-stocks-on-the-arkk-but-they-are-starting-to-buzz/?sh=1437e6221722
Who wants to bet that in two months time, ARKV will be offered. After all, God knows value and Kathy knows God. Though, why she would chose the anarchist symbol for the ARK Invest logo, I can’t seem to figure out.
Maybe the wealthy will stay in Florida after all or move to a major city in Texas.
https://nypost.com/2021/03/14/ny-legislature-proposes-nearly-7b-in-new-taxes-on-wealthy/
Hold my beer says:
March 15, 2021 at 8:42 am
“Maybe the wealthy will stay in Florida…”
Looks like NY Dems are just following Joe’s lead…
https://www.bloomberg.com/news/articles/2021-03-15/biden-eyes-first-major-tax-hike-since-1993-in-next-economic-plan?srnd=premium
Should be about six weeks until we see the details of this new $4 trillion clean-energy legislation plus the massive tax hikes to support it.
Says the parents working from home because they are too scared to go to the office…
The irony…
Fast Eddie says:
March 14, 2021 at 1:48 pm
In today’s Bergen Record, there’s a write-up regarding Montclair parent’s protests on reopening the school district. I guess the home-based Mandarin lessons aren’t going so well. Maplewood-Orange and few other districts are firing away as well. I’m sure there’s a slew of them. Parents are getting beyond p1ssed now. I thought it was all about the children? The union is robbing the kids while cashing their paychecks. Why are Catholic schools and most other private schools in the classroom since September? I already know the answer. Fire those in charge of this looting and let someone else step in.
Bottom line, there is no respect for the teaching profession and it shows.
Grim – I believe I have a comment stuck in mod from last Friday 3/12… kindly release if so.
Too funny, Bloomberg and WSJ putting out articles on this in the past week.
“Wall Street is flocking to Florida. And well-heeled buyers can’t stop snapping up pricey properties there. It seems like everybody wants a piece of the Sunshine State, especially during the coronavirus pandemic.
It’s a narrative that politicians and real-estate professionals have been pushing hard, as the state grabs headline after headline as being the mecca for people in search of warmer weather and lower taxes. What’s less talked about is how many people are leaving Florida—because of hurricanes, stifling heat and red-hot real-estate prices. The state’s population growth has slowed in the pandemic to its lowest rate since 2014. Read more here.”
https://www.wsj.com/articles/people-moving-to-florida-during-covid-11615463911?st=tawygih8qhfu2lp&reflink=article_copyURL_share
Says the parents working from home because they are too scared to go to the office…
The irony…
When the green light is given to go back to the office, we’ll all go back to the office.
Says the parents working from home because they are too scared to go to the office…
The irony…
If a teacher doesn’t feel safe going to work, they should take a leave of absence and stop holding up the process.
Unfortunately, every state and the federal govt will resort to this over time. It’s the only way to pay for society in an economy where capital is destroying labor. These people are absolutely killing it, unfortunately, you have to help out the society that made it happen. Running from it is not the answer.
Hold my beer says:
March 15, 2021 at 8:42 am
Maybe the wealthy will stay in Florida after all or move to a major city in Texas.
https://nypost.com/2021/03/14/ny-legislature-proposes-nearly-7b-in-new-taxes-on-wealthy/
Then why are offices closed? They should take a leave of absence…
BRT says:
March 15, 2021 at 9:26 am
Says the parents working from home because they are too scared to go to the office…
The irony…
If a teacher doesn’t feel safe going to work, they should take a leave of absence and stop holding up the process.
Blue,
I could care less, I’m just pointing out the hypocrisy.
Offices are private entities. They made a decision to WFH because they can.
You on the other hand, are adamant that Virtual learning is horrible, yet continue to support the it. You aren’t pointing out crap. And, you are running out of excuses.
What happened to follow the science? The science says schools are the safest place for kids.
I’m not supporting anything, I’m just pointing out the hypocrisy and endless attacks on the teacher profession that you join in on. It’s hilarious. It’s like you are not even a teacher based on how much you attack the profession with right wing talking points.
What other profession is getting slammed like teachers for WFH?
My Wife’s school has been back full time for several weeks, my kids schools are still part time.
Most schools have reopened already. Now it’s the union playing games. The private sector continues to WFH due to the advantages it offers. Everyone from the CEO down has been enjoying the tremendously improved work/life balance. Even I, who is the most Covid careful person around, knows that schools are safe as long as masks are worn. The only difficulty to overcome is lunch, but they can stagger the times, have kids eat outside, etc. Yes, it seems like every single incident I know of kids getting infected is when their masks are off (sports, parties, chorus, restaurants, etc.). I’ve said this since the Republican narrative became open everything up, let god sort them out. I support opening most things up, just with masks required until herd immunity is reached. I thank many Republican leaders, who did it for their own selfish political needs, to send kids back to school unknowingly. But once mask compliance improved to near 100% in schools, the spread dropped to near zero. So what gives with the teacher’s union? Is it for safety, or are teachers enjoying their newfound work/life balance and finally realize that they went for the wrong career and are now jealous of their private sector counterparts.
That’s why they are raising taxes on the wealthy….to pay for this. If the wealthy don’t want taxes raised on them, help clean this up by giving these people jobs they can survive on.
Hold my beer says:
March 14, 2021 at 11:22 pm
This is depressing. This popped up on my YouTube feed tonight. It shows the homeless in Venice California . The guy walks around Venice and he shows photos from movies or where rock stars posed for a photo and then shows all the homeless there now. It’s like a dystopian movie. He has a few other videos on homeless in LA and Beverly Hills. Someone mentioned the homeless in Venice and LA last week. It’s one thing to read about it, but to see it is eye opening and depressing.
https://www.youtube.com/watch?v=rF-5hVfrqSY
What other profession do kids well being and progress rely on? Daycare workers? Oh that’s right, they never stopped.
Profits over jobs= higher taxes for the profit earners in the future. It’s not rocket science. Keep eliminating jobs..
Lib, if you run until 12:30, you lose about an hour a day in instructional time. Not the biggest deal. We can do lunch in September. No rush. It’s not just the unions. My district, the super just doesn’t want the responsibility.
When you blackmail children it tends to generate a negative reaction.
And own the fact that you hate teachers and public schools. Hater. You advocate against public education…cool story bro.
If you can’t see the bias and hate towards the teaching profession, it’s because you are a part of the problem.
I wish I had never become a teacher because of this hate. Constantly having to defend your profession from hate is tiring.
BidenIsTheGOAT says:
March 15, 2021 at 9:57 am
When you blackmail children it tends to generate a negative reaction.
No one hates teachers. Teachers simply have career envy. Who in their right mind is against those raising their children. Gator and I do everything in our power to support and assist our local educators. From volunteering in schools to supplying books and classroom materials. What we both can’t stand is the teacher’s union who never have our children in mind. Their decisions are constantly pro teacher and anti-student.
It must be nice to have a job that doesn’t get attacked on a daily basis by angry republicans (some of them family members and friends) that want to lower their taxes by abandoning education for most kids in this country. Must be real nice…
Ex: kind of a glorious version versus technically superior, but you get Bayonne Burke on drums, and then the double tempo outro with some guitar boytoy giving a V!agra boost.
https://www.youtube.com/watch?v=1vdK2_kRNrk
Lib, what you are asking for… teachers should be saints. They should not advocate for themselves. They should work for peanuts and go 150% each and everyday with no reward for it, besides the gratification of helping someone learn. It’s nice to receive gratification in the form of helping others, but at the end of the day, you also have to help yourself. It’s a profession, not a charity.
In other news, cases in NJ are up 11% in the last two weeks, though deaths continue to drop, thanks to the vaccine and the fact that most old people are now vaccinated.
Couldn’t help but notice how many people have let their guard down as of late. A recent drive through town had about 40 unmasked participants balling by the Montclair co-op and about four or five families hanging together in the Glenn at the high school unmasked. People are so dumb. I’m fully vaccinated and have been for quite a while now, but I still wear a mask in public whenever other people are around.
The animosity toward the teachers union is self induced. The hubris and self serving is endless.
Just like all unions when they get too bloated, they start to consume the host. They’ve taken entire state school systems and the children hostage. Tens of millions. Meet all our demands, many impossible, or we’ll keep it shut down.
Bullying and blackmailing children, that’s what they’re doing.
Bidenboy,
You have the number 1 ranked education system in the country. Holding the school system hostage? Okay.
To be more accurate you should have said number one funded.
And I’m not an teacher basher. I’ve liked those who I got to know. The unions on the other hand I believe are one of the most divisive and unamerican institutions we have.
Libturd,
“If you have any money whatsoever, you really need to get out of this state ASAP.”
I’m typing this from my new home office near Sarasota. It was a perfect 68 degrees at the driving range at dawn. Will hit 77 at 2pm. Maybe I’ll swim in the pool after work.
The wife hates the union, it only protects the teachers that shouldn’t be there.
Seriously, Essex it’s called science. Not disregard for public health. Children under age 10 express way less ACE2, the receptor that COVID uses to infect. Besides the basic science we have the case rates among the young cohort, the fatalities are less than flu for kids below age 10. My youngest has been in full day preschool since last summer, they had to close once for COVID in the fall and that was because staff got COVID, none of the kids got it and when they traced it they determined it was caught outside of the facility. They closed for two weeks out of an abundance of caution and to do a deep clean, they have had zero cases despite the fact that small children are gross.
Of course parents in South Orange-Maplewood are p*ssed off, have you seen what we pay in taxes! Almost everyone pays more than 15k, most pay around 20k or more. Covid has exposed that here is a lot of dead wood in the school systems, especially in their facilities management, seriously simple HVAC upgrades. My god is it atrocious, I don’t know who handles their facilities management and vendor management but all of those folks need to be fired. Everyone knows the virtual learning isn’t working for a lot of kids, especially younger kids they can’t handle staring at a screen or the lack of interaction and the amount of isolation.
Seriously refund what I pay in my property taxes for the schools, I’ll go send the kids to a private school. Sure it will cost me more but at least I’ll be in control, if these schools were a business they’d be out of business. Don’t get me wrong I think our schools are pretty good but we aren’t getting what we are paying for and it seems the reasoning is very shaky at this point. Again numerous private schools have been open, we have friends in Westfield who put their kids in private because the hybrid just wasn’t working, no one has gotten COVID who we know who is sending their kids to school. Private schools aren’t shutting for infection and other countries have had school the whole time. At some point the government needs to get real, we cannot pay people to sit at home, union or not you get paid to go to work. As for Eddies comment, my wife was already called back in, when her boss got COVID she stopped going in and now they want them all to come back in and they will because they have no choice in the matter. You need to do what the job entails, precautions can be made but if your job more or less requires you to come in to get the job done, I’m sorry those who are paying have every right to expect you’ll deliver the service they paid for.
No One,
I’ve been perusing the real estate in Las Vegas daily for months now. Still have about 30 months before it happens at best, which is painful, as there have already been two properties that would have been perfect and prices are moving upwards pretty quickly these days out there.
I have a close friend who is a realtor out there. He’s just starting out and probably has never made more than 50K a year, though he’s nearly 50 now. I’ve actually considered getting a mortgage on one of the places I’ve liked and negotiating his fee down to zero in exchange for letting him live there for two years as long as he pays the 3K or 4K in taxes. If I find a place that’s nice enough, I’ll probably do it. He’s a responsible type of guy. He’s running for a political position now too.
55 days, still no press conference.
Just a question…So the teacher’s union is to blame for virtual learning in European countries?
Look at Texas…they opened it all up. They are a different breed. Europe and the blue states don’t carry the same mindset as Texas or Florida.
44% of the kids in Texas are virtual.
With Abbott lifting the mask mandate it is up to each district to make masks mandatory or not
JCer.
Very well said. I am headed into work in Union tomorrow. Three covid cases have already been reported there. They close for one day and deep clean after each case (though that really doesn’t matter). We hire a lot of temps and there is a lot of blue collar at the plant. I’ve been going in about once every three weeks since September of last year. I mask up like a mofo, don’t drop deuces, and don’t touch my face when I’m there. I also skip lunch. I do it, because it’s my job and others depend on me for their jobs.
In Montclair, 479 kids have left the school system as of March 1st. It’s safe to assume, that at least two thirds of them are now enrolled in private school and 1/3rd are pod/home schooling. I would guess that at least half of those private schoolers are not going to come back after experiencing the difference between a private and public education. Conservatively, the union’s position in Montclair has resulted in the loss of 160 students, though most likely, the number is going to be much higher. Some back of the envelope math says that’s equal to eight newer teachers losing their jobs. The average teaching age in Montclair probably just went up 5 years. Hope they know how to use email. My son’s kindergarten teacher was so old that she didn’t. It’s for the children.
Rich parents hate spending time with their kids as much as the poor families.
“In Montclair, 479 kids have left the school system as of March 1st. It’s safe to assume, that at least two thirds of them are now enrolled in private school and 1/3rd are pod/home schooling.”
Can we just accept that education during a pandemic is not going to be perfect and stop attacking teachers? Can we please accept that? People demanding perfection during a pandemic…entitled much?
What’s sad, same people attacking schools for not being fully open will be the first to sue if their child catches covid while in school and sue.
JCer,
I’ve said this before but based on how school funding works, a ton of your taxes goes over to Newark, they get new state of the art buildings with murals, walls, and what not. Your richest suburban districts are using the same buildings they did in the 50s, the AC units are broken down, the roofs are leaking. If the suburbs were even able to keep a fraction of the tax dollars they pay, it would be much different. But yes, this exposed this issue.
That being said, they are hiding behind that issue in a lot of places. Open the freaking windows and run school. We had a 40 mph crosswind flying through the hall when it was 25 degrees outside. Kids are freezing, but they are learning. But as weather improves, this isn’t even an issue anymore. Not even today.
Can we just accept that education during a pandemic is not going to be perfect and stop attacking teachers? Can we please accept that? People demanding perfection during a pandemic…entitled much?
People can accept not perfect. What they can’t accept is fully virtual substandard garbage. You have no concept of frame of reference.
Libturd says:
March 15, 2021 at 11:09 am
Lib, if you are at a min of 30 mos before you move, don’t you think RE market will crash before then and allow for a much better price? Can’t imagine this economy holds up. After this last splash of kerosene burns off…
When are these value investors going to learn…stop comparing this market to the past. Getting killed for 12 plus years, and still doubling down that the market will return to the past.
Value did well, but it’s not going to continue. Tech growth is the story of the era we are living in. To deny it, is a big mistake by bears.
“We are not surprised that Value has led the charge this year, given its historical propensity to outperform coming out of recession, in rising interest rate environments and in increasing inflation expectation scenarios. Of course, as students of market history, we also know that Value has outperformed Growth by a wide margin over the long term: 13.1% vs. 9.9% per annum from 6.30.27 to 1.31.21, per the latest data available from Professors Eugene F. Fama and Kenneth R. French.”
Juice Box says:
March 15, 2021 at 8:09 am
Friendly reminder to say your prayers for ARKK this morning.
https://www.forbes.com/sites/johnbuckingham/2021/03/15/no-value-stocks-on-the-arkk-but-they-are-starting-to-buzz/?sh=1437e6221722
https://www.wsj.com/articles/how-one-school-district-bridged-the-divide-and-reopened-classrooms-11615746619?mod=hp_lead_pos7
Tim Weber, a superintendent in Wyoming, Ohio, appears to have accomplished the impossible: getting his students back to school without tearing the local community apart. Weber, who has benefited from an affluent district and small class sizes, took some unconventional approaches to reopening schools. Namely, he addressed parental concerns one-on-one via phone calls and emails while avoiding public forums, and moved slowly from hybrid learning to full-time in-person classes. He also has a team of pediatricians, county health officials and nurses that meets every Tuesday morning to determine the safety of keeping kids in school for the following week.
Again, demanding perfection. You go come out with the plans to open every single district. Let’s go.
My school has 3200 kids, classes are already overcrowded, and a lot of classes have no windows. Good luck!
BRT says:
March 15, 2021 at 12:17 pm
Can we just accept that education during a pandemic is not going to be perfect and stop attacking teachers? Can we please accept that? People demanding perfection during a pandemic…entitled much?
People can accept not perfect. What they can’t accept is fully virtual substandard garbage. You have no concept of frame of reference.
Why is nobody talking about shifting the school year or cancelling summer vacation to run school 52 weeks a year? Both options create lots of new scenarios to limit risk far better than today.
Nomad,
I don’t trust our government to allow real estate to crash ever again. I think the future is one more like Brazil. You can see it with the homeless issue today.
Someone posed the question of how the train commute was into New York these days? The trains are fine. The bigger issue is the security in Penn Station. It is no longer safe to commute home after about 730pm they say. And I believe it. I know someone who nearly lost his life pre-pandemic in the men’s restroom of the small NJ Transit waiting area. That’s the area off of 7th Avenue where there is even a guard posted to get into the area. It’s supposed to be for ticketed passengers only. He was knifed in the back from a mentally ill homeless while taking a piss at a urinal. Nearly died right there. Luckily, no organs were hit.
If it was this bad then, I can only imagine what it is like now. I heard it’s so bad in there, you literally have to step over the sleeping homeless to commute. There is no attempt by the police to move them. It doesn’t help that the city purposes closes the new Moynihan station (in the old post office building across the street) every night to keep the homeless out. Of course, all the transit police are standing around in the comfortable and safe confines of the station across the street.
We are so close to becoming Brazil. All it will take is one solid recession. Our government won’t let it happen before printing so much money and taking every debt onto their own books in the race to the bottom.
In my attempt to understand the lure and success of Crypto, I attribute it to the central banks of the world’s newfound behavior. In a race to the bottom, Crypto has a ton of value.
Will closely track real estate closely none the less.
“cancelling summer vacation to run school 52 weeks a year?”
Unions in NJ will NEVER let this happen. Not without a commensurate raise, step bonus, longevity bonus and the continued ability to get paid out on unused sick leave, just like it does not not exist anywhere in the private sector.
What’s better, I see each cohort of kids once a week in person, or see them everyday in the virtual classroom?
I’ve been going 8:30 to 3:36 on this computer since Sept. We are on google meet and adhere to a full schedule every day. There are no breaks between periods, you just exit one meet, and go to the next one. It’s not fun, but it is what it is during a pandemic.
So imagine being stuck on a google meet all day, 5 days a week, for the past year (3b then wonders why I don’t like WFH). It’s tough, but at this point, I think it’s better than seeing my kids once a week because they have to break it down into so many groups to meet the safe guidelines in the classroom.
I’m sick of the teacher’s union being attacked for doing their job and protecting teacher’s rights. We pay them to work and defend us. Don’t compare non union workers, forced to work and put their lives on the line during this pandemic with no extra pay, to the teaching profession who smartly formed a union….these other workers should advocate and form a union like amazon employees want to do or continue to be taken advantage of.
I just started reading Tom Wolfe’s “Bonfire of the Vanities”
I didn’t read it or watch the movie when it first came out, and under Giuliani (and to some degree Bloomberg) the tales of criminality in NYC seemed so outdated. Now NYC is turning back into the environment of Wolfe’s book set in the mid-80s, and it seems like an appropriate time for me to read it, or for others to re-read it. Crime, race hustling, limousine liberals trying to buy off their “white guilt”.
Pumps: Comparing what you do in WFH to what I and thousands of others who work in corporate America do in WFH, is simply not comparable, as you have no idea what any of us who work in corporate America actually do.
You hate WFH for corporate America as you are concerned it may negatively impact your life , based on your facts and circumstances that we all know.
I’ve been going 8:30 to 3:36 on this computer since Sept. We are on google meet and adhere to a full schedule every day. There are no breaks between periods, you just exit one meet, and go to the next one.
Says the person who is up to 25 posts in 4 hours.
Why do you belittle teachers? Why? You can’t even see what you do…
My wife was WFH with me. I know nothing, right? I said, right?
3b says:
March 15, 2021 at 1:12 pm
Pumps: Comparing what you do in WFH to what I and thousands of others who work in corporate America do in WFH, is simply not comparable, as you have no idea what any of us who work in corporate America actually do.
You hate WFH for corporate America as you are concerned it may negatively impact your life , based on your facts and circumstances that we all know.
Lib: I don’t doubt the government will do whatever it takes to prevent real estate from crashing. My question, is what exactly can they do, now or going forward?
If we do get like Brazil, in my mind none of it will matter as there will be a revolution that will tear the whole thing down.
“I’ve been going 8:30 to 3:36 on this computer since Sept. We are on google meet and adhere to a full schedule every day.”
“Says the person who is up to 25 posts in 4 hours.”
LOLOLOL. My thought exactly. You seriously can’t make up the shit that occurs inside his thick skull.
Do you understand that I’m not allowed to lecture all period? Do you understand this? I have to CREATE student DRIVEN activities every single day. I then have to grade all that work after I’m done with the day. You think being on a computer all day, I can’t find time to post on a blog? Jesus, just wake up.
Fast Eddie says:
March 15, 2021 at 1:13 pm
I’ve been going 8:30 to 3:36 on this computer since Sept. We are on google meet and adhere to a full schedule every day. There are no breaks between periods, you just exit one meet, and go to the next one.
Says the person who is up to 25 posts in 4 hours.
3b, great job!! You really knocked it out of the park with your calls.
“I certainly imagine everyone back in [the office]. I do think from a cultural point of view—apprenticeship, the sense of belonging—you are better together.”
—Jane Fraser, chief executive officer, Citigroup Inc.
reopening
“A certain amount of people work from home permanently. I think there will be a large portion who permanently work in the office. There will be some hybrids, where you spend two days or two weeks at home and two weeks in the office.…It will reduce the need for commercial real estate, but there are huge weaknesses to the Zoom world. I mean most of us learn by an apprenticeship system, by seeing mistakes, going [on] trips, how to handle a client, how do you handle the problem. It’s hard to inculcate culture and character and all those things. It’s very hard to build and develop a deeper relationship on Zoom.”
—Jamie Dimon, CEO, JPMorgan Chase & Co.
“I’m a long-term believer in New York, but it’s going to be a difficult period over the next year or two.…We’ve been back since September, and let me tell you, it’s great to be back, and we’re so much more productive in the office than we were over the summer and last spring on Zoom. And I think a lot of people when they get back will realize that big productivity pickup versus maybe the short-term benefit of not having to commute.”
—Stephen Plavin, CEO, Blackstone Mortgage Trust Inc.
https://www.wsj.com/articles/when-ceos-really-think-well-come-back-to-work-11615813207?st=47iztba65iumm9v&reflink=article_copyURL_share
Lib,
Is your assumption that the government keeps interest rates and hence, mortgage rates low to keep housing from crashing (if not, how does gov’t accomplish this)? If so, doesn’t this assume that the Fed is buying all the new issue treasuries and if so, this can’t continue forever. I would be interested to know your perspective as to how the government achieves this. Also, what about the secondary market for treasuries? KW claimed in her update about a month ago that around $600B or so of treasury issuance this year would need to be bought up by entities other than the Fed.
Lots of money made in equities. Do you think those that have made money are taking some off the table to lock gains or do you think most ride it with the “it won’t end” mentality. If all these people buying over priced housing are assuming their portfolios can remain in equities and not see a correction, that could impact housing as well, no?
More Venice: https://www.zillow.com/homedetails/2411-Ocean-Front-Walk-Venice-CA-90291/20443658_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare
12:52 well I took a piss at fortune’s sweet kiss
In other news, I understand the Grammys were on last night. It might be a few decades now that I’ve seen but 5 minutes of this nonsense though I was curious to listen to a few seconds of some of the pop/rock winners. I wanted to be objective. I’m not moved in the least. They sound like the same machine-fabricated beats of the last 20 years or more. Is there any song in any category that has any “wow” factor? Perhaps one of the jazz or off-the-beaten-path winners?
1:34 rock is dead — The Who
Pumps: You are a fecking arsehole! Did you even read the article?? As for Citi I can tell you for a fact that large chunks of their employees won’t be going back to the office period. And some areas will be hybrid. And do you know anything about Citi s business?? You do know that in addition to it being a commercial bank, it is also an investment bank and all that includes. So go back to getting your arse kicked here like you did all morning with your teacher crap. You simply are not qualified to comment on corporate America.
For Eddie: https://youtu.be/maD5k-vUI4o
I was calling for cancelling school until the vaccine was distributed, and go for one long semester beginning now until Sept. No way no how anyway as well teachers were now getting the shot first…. There are 116,000 teachers in the state full time, could all be done in a day or so, instead we have this convoulted scheduling system.
378 staff in our town are now registered for vaccination, one place only the VNAC folks.
We have had 770 cases, and right now 66 are active.
Watch the Latest South Park. Vaccination Special….
It covers what we have been talking about with Schools.
https://southpark.cc.com/episodes/0ncw71/south-park-south-parq-vaccination-special-season-24-ep-2
3b, we will see, but almost all of those individuals in that article do not agree with you.
“That force was so powerful that people were willing to live in places that were increasingly uninhabitable from a cost and congestion standpoint.…To say that just because we’ve been in this pandemic and we’ve tried this remote-working thing for a while that that is all completely undone, I just don’t buy it.”
—Ian Hathaway, a senior director at the seed accelerator Techstars and a senior fellow at the Brookings Institution who researches startup ecosystems, on his belief that any bullishness about going fully remote is skewed by pandemic circumstances
Nomad,
I really wish I could answer you. But I’m just not that knowledgeable. I do know that the government/Wall Street relationship has never been stronger. It pains me to see the increases in homelessness as the rich just get richer and richer. And yes, you can’t solve all of the worlds problems by taxing the rich for it. But there has to be the political will to help the bottom or at least be able to clean up Penn Station. Heck, if I were mayor, I would force Dolan to pay to secure and maintain it. Probably 1/3rd of the people who attend events at the Garden come by train.
Deep down, I’d love to see the stock market continue to gain like it has been doing since 2009. But I just don’t see it. The stock market has lost all trust. HFT, SPACs, Reddit raids, IPOs for non-profitable companies. The market used to be a place where you looked at the fundamentals of a company, lent that company money through the purchase of shares and then profited together. What we have today is indistinguishable from the market of the last century and I have a feeling, our government has removed so many safeguards that it all crashed and burns like a horrific refinery fire.
With that said, I still think the pant up demand to party/vacation from Covid is not priced in. Next time the market run’s straight up. And it will (and I’m vested for it). Don’t be greedy. Slowly work your way out of it as the market gets too frothy. Then wait for the crash and start buying back in.
This will be a huge opportunity.
Best Metal with… Ice-T?
https://www.youtube.com/watch?v=vutQj7grdUA
Pumps: Forget your BS we will see. That’s their public face, they are not going to come out at this point and say large groups of their employees are never coming back to the office. It’s amazing that because you read an article that means it’s true.
Ed,
I listened to some last night. Really it is not for rock based musicians anymore so no reason to watch. As usual, it is country pop shite and bland, vulgar rap poetry sold as music. Basically stuff that younger masses will consume. You won’t sell me on Dua Lipa, Post Malone, Maren Morris, Megan Thee Stallion/Cardi B, Billie Eilish as super talented individuals. It is subpar crap. Just old I guess. I do like Brittany Howard. She won for Stay High. Not easy on the eyes but she brings a powerful R&B voice, good songwriting and musical sense that her peers don’t have. She can’t sell on her looks so compensates on talent.
John Mayer played some duet last night. I don’t know how that guy still stays on A-list of music industry in mid-40s. Baffling that he shows up for some garbage country pop duet then next day back on road playing Dead music. Guy is extraordinary guitarist but his looks must keep him in game.
Bingo. I agree with your entire post, especially this.
“With that said, I still think the pant up demand to party/vacation from Covid is not priced in. Next time the market run’s straight up. And it will (and I’m vested for it). Don’t be greedy. Slowly work your way out of it as the market gets too frothy. Then wait for the crash and start buying back in.
This will be a huge opportunity.”
I don’t slam teachers for WFH. I only slam teachers for PFH. Posting from home.
The Great Pumpkin says:
March 15, 2021 at 9:52 am
What other profession is getting slammed like teachers for WFH?
Nomad,
I don’t see prices crashing. You have too much demand, and if there is a price drop, there is an army of investors with a ton of cash waiting to buy it all up. The loans are tight, it’s not easy to get a loan if you don’t qualify. So I just can’t see it going down.
Also,
To Plavin (and dufus), shove this statement up your arse. WFH forever.
“And I think a lot of people when they get back will realize that big productivity pickup versus maybe the short-term benefit of not having to commute.”
“There is an army of investors with a ton of cheap debt waiting to buy it all”
Fixed that dipsh&t.
Bystander,
Just old I guess.
Naw… the ear knows good music regardless of age. I just don’t get it. It all sounds so boring. I was going to cue up the Brittany Howard thing… will do shortly. But no, I really just think a lot of this stuff s.ucks.
BRT well aware of the realities around NJ public school funding. Suburban schools get close to $0 in funding from the state, to the tune of like $750 per student. It is entirely funded on property taxes hence the ridiculousness of NJ property taxes. Despite having to make tough choices these districts are well funded. Operationally they are run poorly, especially compared to private schools who typically work with less money than the public schools.
My issues with the facilities are many, they do not seem to be performing basic maintenance and it frankly seems like no one is running the shop so to speak. They perform repairs but seemingly not proactive maintenance, paint, clearing vegetation from around and on buildings, water management, etc things that will cause premature failure.
I was initially a little annoyed about virtual school at the start of the school year but came to accept that at the time it made sense given what we knew. Now…I mean come on get back to the classroom.
The Grammy’s used to be that aw-sh&t moment when really talented people I’m competition all year showed you their chips and if you didn’t own the album you ran out the next day to get it!!
Me: “People can accept not perfect.”
You: “Again, demanding perfection”
You don’t need a grand plan. Open the friggin doors and windows. No lunch, no contact sports, no virus transmission.
I generally let an artist breathe for a few years after I hear how great they are. Sometimes 5 or more, let hype subside and see what else they do. I did this with My Morning Jacket and The Black Keys. I do think those bands but out some great stuff over years. Z and Chulahoma are probably favorites respectively but I was years later than most. People telling me Greta Van Fleet if you like Zep but I tried and not ready for his voice.
Don’t worry pumps, we did all the heavy lifting for your district showing them how easy it is to open.
I have 3200 students in the school I work at…. I can understand why it’s difficult to come up with a plan for that many students.
It’s always so easy when it’s not your career on the line. If you rush to open up, and something goes wrong, they are all going to turn on you. That’s why you don’t listen to joe public and the peanut gallery when in a leadership position. You stay the hell out of partisan issues. If the peanut gallery knows how to open it up so easily, then they should get off their a$$ and go be in some leadership position. Just know, whatever plan you come up with, someone is going to be upset and b!tch about it. That’s why you ignore them…
Re: Greta Van Fleet – Look for the interview with Robert Plant. Plant says something along the lines that they asked the lead singer who his biggest influence was or who does he think he sounds like and the kid says Aerosmith/Tyler. Plant nearly fell off the chair telling the story. lol. It was funny to see Plant’s reaction. As if that kid doesn’t mimic every Plant tic and sound? Still, I do like the band, I think they sound like Zep but something totally different. It’s strange, they catch your ear and you keep listening. That’s what we miss the most.
Like I said, we did all the heavy lifting for you. Going on 7 months now, ZERO transmission inside the school
BRT, he works in a district using state dollars with very disinterested parents, his administrators will not be driven out by an angry mob. In the suburban districts the administrators failing to reopen will have a bullseye on their backs…..
Just accepted an offer on my house for 720K, bought for 640K in June 2020.
North Arlington. New construction built in 2020. Inspection waived. Appraisal waived for up to 30K. 5 offers all above 715K. One cash offer for 700K which i didn’t take. There was no buyer’s agent for the accepted offer. So my realtor agreed to take 3% cut as dual-agent and only get his seller’s commission or else I wanted 740K.
25% down, 45 day closing. Indian couple with 2 kids from Hoboken.
Go figure..
Wrong town listed to preserve my identity. The town is less than 11 miles from Manhattan, school ratings below 7, right on/around route 3, blue collar town.
NJlooking,
Nice score. I took a peak at Trulia and Zillow just to see what my house estimate might be. Insane, unless you’re a seller and moving out of state somewhere. I can’t imagine the level of frustration if I was still looking to buy. I’d have to strangle a lot of Karens.
I just want to get this right. How many kids do you have in your school?
You guys think it’s a good idea to have kids come once a week to school? What is the point? Why not just keep it virtual and every day instruction going?
You think it’s smart to have a population of students that are known to fight to come to school during the pandemic? Again, this is a 3200 person school.
I don’t, but I will be there doing my job. I think the district wants to turn to “in person” instruction in April.
Warm weather always brings fights, but man, after not being in person for this school year, I just know it’s going to be bad with the fights. It is what it is, the job is a walk in the park. You all should sign up to be an urban teacher. Then we will see how you bash it. That’s the only way you will respect it.
Yes, I just received a text from my buddy that it is almost 100 percent certainty we are going back.
Obviously, parents weren’t pushing this. It’s urban… So much for your theories.
Silly people- Bill Maher
https://youtu.be/2DH4v6FnbvM
Lots of 5 percent down loans being approved, as per my wife who does real estate closings from time to time, and whose good friend does primarily real estate closings
.
Fast: A lot of young people today are in the Classic Rock. Nothing else out there worth listening to; at least that I am aware of.
Bystander: It’s amazing he talks about productivity in the corporate sector, and has absolutely no idea what it is we do , or in fact how much more productive many people are. He has no idea of how draining and stressful especially for younger couples with children the commute is an hour to two hours twice a day. And yet he the grand fecking pooba feels competent to offer his opinion on this. Absolutely zero self awareness!! It’s shocking , and frightening!!
https://www.nbcnewyork.com/news/local/roughly-4-in-5-manhattan-office-workers-will-not-return-full-time-survey-says/2943582/
I mentioned this the other day.
https://www.bloomberg.com/news/articles/2021-03-10/citi-debuts-rapid-at-home-covid-tests-to-branch-workers-traders
I didn’t think we would go back in April, but as each day passes, people are feeling safer and safer.
All these businesses will change their tune quickly when public opinion of the pandemic changes its temperature from hot to cool in the coming months. This pandemic is almost over.
Grim says:
March 15, 2021 at 5:15 pm
https://www.nbcnewyork.com/news/local/roughly-4-in-5-manhattan-office-workers-will-not-return-full-time-survey-says/2943582/
Fast
Ice T has had his own heavy metal band for 20+ years. Odd but true
Grim: There will be a lot of people never returning to the office, and I will leave it at that.
Numb nuts,
I’m a teacher. My job is to understand people. When I was addressing workers, I wasn’t talking about you. I was speaking in avgs. If you think the avg individual is going above and beyond at work, I think you are sadly mistaken.
3b says:
March 15, 2021 at 5:09 pm
Bystander: It’s amazing he talks about productivity in the corporate sector, and has absolutely no idea what it is we do , or in fact how much more productive many people are. He has no idea of how draining and stressful especially for younger couples with children the commute is an hour to two hours twice a day. And yet he the grand fecking pooba feels competent to offer his opinion on this. Absolutely zero self awareness!! It’s shocking , and frightening!!
Numb nuts,
Read this and understand this. Like seriously, think deeply about this after reading it and please understand this.
“That force was so powerful that people were willing to live in places that were increasingly uninhabitable from a cost and congestion standpoint.…To say that just because we’ve been in this pandemic and we’ve tried this remote-working thing for a while that that is all completely undone, I just don’t buy it.”
—Ian Hathaway, a senior director at the seed accelerator Techstars and a senior fellow at the Brookings Institution who researches startup ecosystems, on his belief that any bullishness about going fully remote is skewed by pandemic circumstances
You completely underestimate that “force.”
I just want to get this right. How many kids do you have in your school?
Doubtful you want to get it right because size of school means nothing, it’s students per classroom that matters.
You guys think it’s a good idea to have kids come once a week to school? What is the point? Why not just keep it virtual and every day instruction going?
No, I think it’s a good idea to have kids come to school 5 times a week.
You think it’s smart to have a population of students that are known to fight to come to school during the pandemic? Again, this is a 3200 person school.
Do you think those kids don’t fight and do all the same crap outside of school? Newsflash, all high schoolers gave up on social distancing outside of school in friggin May. But yes, I do think it’s a good idea, considering that the flu kills more high schoolers than covid ever did.
I don’t, but I will be there doing my job. I think the district wants to turn to “in person” instruction in April.
It’s about time. It’s time to stop perpetuating the inequality you preach to hate so much.
Warm weather always brings fights, but man, after not being in person for this school year, I just know it’s going to be bad with the fights. It is what it is, the job is a walk in the park. You all should sign up to be an urban teacher. Then we will see how you bash it. That’s the only way you will respect it.
It’s too late for respect. Our union in my town now has tons of cred since we came back from day 1. Nothing but praise in the local press and message boards.
One of the things this blog lacks is job hunting perspective. Shocked that no one is dealing with it but I know it is personal. Still, it shows so much about current state of the city, country and world when you have deal with local recruiters, Indian recruiters, bots, pure BS artists and Linked In jockeys looking to get into your contacts. Reading job expectations while playing the matching game (ie pay/role/location) is truly flummoxing experience. Glad I have one right now so I can be choosey
BRT,
Just remember, at the end of the day, you teach at a country club while I have spent 16 years in a nj urban district. Plus, I did my student teaching at east side Paterson.
Tells me all I need to know. You really have no idea what it’s like to teach in an urban setting, otherwise you would give me some respect.
I will give you some of that respect.
Urban teaching is no joke. Once the kids like and
trust you, it’s very do-able. My buddy teaches elementary
in NJ and just tested positive for a covid. Guy is a veteran teacher, forties, with Asthma.
Methinks this is Pumps….
NJlooking says:
March 15, 2021 at 3:45 pm
Just accepted an offer on my house for 720K, bought for 640K in June 2020.
North Arlington. New construction built in 2020. Inspection waived. Appraisal waived for up to 30K. 5 offers all above 715K. One cash offer for 700K which i didn’t take. There was no buyer’s agent for the accepted offer. So my realtor agreed to take 3% cut as dual-agent and only get his seller’s commission or else I wanted 740K.
25% down, 45 day closing. Indian couple with 2 kids from Hoboken.
Go figure..
NJlooking says:
March 15, 2021 at 3:54 pm
Wrong town listed to preserve my identity. The town is less than 11 miles from Manhattan, school ratings below 7, right on/around route 3, blue collar town.
Here is another problem…… I saw this thing from Harry Styles (sort of know who he is). He’s is very talented, and obviously has a good band, but listen to this cover. I am sure they are thinking they pay homage to Gabriel. In reality, it is actually kind of soulless. It is an absolute CLONING of the original. WTF is this really? Do they understand how ridiculous this seems….. no, because millennials have powerful tools that trivialize effort and creativity…. they have nothing to say, because they have been trained to press buttons….. play with the presets….
https://www.youtube.com/watch?v=Tqm7-zN5s8k
Fast Eddie says:
March 15, 2021 at 1:34 pm
In other news, I understand the Grammys were on last night. It might be a few decades now that I’ve seen but 5 minutes of this nonsense though I was curious to listen to a few seconds of some of the pop/rock winners. I wanted to be objective. I’m not moved in the least. They sound like the same machine-fabricated beats of the last 20 years or more. Is there any song in any category that has any “wow” factor? Perhaps one of the jazz or off-the-beaten-path winners?
Essex,
Thanks for the acknowledgment. Appreciate it.
Chi,
I don’t post under other handles.
The real estate market is moving to higher highs and higher lows. I tried to tell anyone that would listen to buy real estate in north jersey. Said Wayne and Fairfield specifically as awesome deals, now good luck getting anywhere for cheap.
Spillover is real. It’s the main driver of north jersey prices. A new generation is moving to nyc, and in 20 years, they will be the next spillover. Rinse, wash, and repeat.
The thing with this decade, it’s going to be big time appreciation based on how big the millennial buying bloc is. Always told you guys this, but you didn’t want to listen. 3b was busy telling me that no millennials will live in north jersey. Well, I tried to tell you guys.
The only reason prices stagnated for so long in north jersey was because of demographics. The biggest bloc, boomers, were done driving up prices and were sellers. They had no one to sell to, because the Great Recession kicked the millennials back a decade. That was your best opportunity to get really cheap prices till the millennials abandon north jersey for retirement.
This is such an underrated song and the best from Live.
https://youtu.be/tnFKaU8H4v8
F-in Monday is over. Preach it, Eva. Hey, Dua Lipstick and Billie Eyelash..here is a true singing talent. Died an unknown.
https://www.youtube.com/watch?v=XaMBFy_-LO4
Geez, sh^t taste in music too. Live sucks. They were one of those bands that officially killed good quality grunge in 1994 like Bush and Candlebox (yes, probably ended before that). Mark of a good band is one that sounds good live too. Saw them at Tibetan Freedom in ’98 and it was horrendous.
There are some decent bands today, but it helps to dig EDM for sure. I think the Chainsmokers are very good as is SIA. Hip hop admittedly has turned into complete crap. You can almost trace the downfall. It literally started with Kanye and his retarded intellectual singing choruses while rapping in between. Then Drake, where the singing improved, but the lyrics didn’t matter. Then Fetty Wop (from Paterson yo), who created this whole singing of all the rap lyrics which was then stolen and turned into an art form by Post Malone. Now every rapper is doing it and the shit doesn’t even rhyme anymore. The singing is so bad, it’s so autotuned it sounds like new techno Cher. It’s all just bad.
“That force was so powerful that people were willing to live in places that were increasingly uninhabitable from a cost and congestion standpoint.…”
No king of the stupid. People were willing to endure that horrible commute for the higher paying job. Now you get the higher paying job and your non-working life back too.
I only decided to sell when I realized that the appraisal came in at 700K when I tried to do a refinance in Dec 2020… That was 60K increase in 6 months on a 640K house.. The property tax has not be revised yet. This is our second home we planned to rent but decided to sell it anyway.. I realized that the market went even higher in Jan/Feb and I don’t want to deal with renters..
It seems to me that the NJ market trailed the rest of the country by 4 months and is getting hotter now.. 2 out of 5 offers were from people trying to move back from Bridgewater/Clinton when they realized that their work wants them back in Manhattan and they wanted to buy in commuter town. These guys went from Manhattan to far away places renting and they are not going back to Manhattan but buying in a commuter town.
Do they understand how ridiculous this seems….. no, because millennials have powerful tools that trivialize effort and creativity…. they have nothing to say, because they have been trained to press buttons….. play with the presets….
And that about sums it up.
Mark of a good band is one that sounds good live too.
The first time I saw “Yes” was in the round, Madison Square Garden, 4th row from the stage. Excerpts from “King Henry the VIII” was playing as we waited for the show to begin and the volume just keep increasing while the lights slowly dimmed to nothing. The band broke into Siberian Khatru and I thought my heart was going to stop. I couldn’t believe 5 guys could sound like that. For those of you who don’t know, “in the round” was a very slow, rotating stage in the middle of the arena.
Just remember, at the end of the day, you teach at a country club while I have spent 16 years in a nj urban district. Plus, I did my student teaching at east side Paterson.
Tells me all I need to know. You really have no idea what it’s like to teach in an urban setting, otherwise you would give me some respect.
Just remember, you chose to stay there. I chose to move to the country club and negotiate a higher salary. And FYI, my wife taught in an inner city district. I fully know all the details.
There are some decent bands today, but it helps to dig EDM for sure. I think the Chainsmokers are very good as is SIA. Hip hop admittedly has turned into complete crap. You can almost trace the downfall. It literally started with Kanye and his retarded intellectual singing choruses while rapping in between. Then Drake, where the singing improved, but the lyrics didn’t matter. Then Fetty Wop (from Paterson yo), who created this whole singing of all the rap lyrics which was then stolen and turned into an art form by Post Malone. Now every rapper is doing it and the shit doesn’t even rhyme anymore. The singing is so bad, it’s so autotuned it sounds like new techno Cher. It’s all just bad.
When record companies started going heavy to charge for sampling, that was the start of the downfall. We went from DJ’s creating amazing beats off of Jazz, funk, R&B from the 70s to people who randomly generate a beat by pushing a few buttons on a keyboard. Kanye, PDiddy, and Jay-Z collectively turned rap into utter crap and it was all downhill from there.
Pumps: Your job is to understand people!! Give me a fecking break!! You can’t even understand yourself!! You spend multiple posts blathering on incoherently spouting nonsense! You find someone who agrees with you that they don’t like WFH, of course not for the reasons you don’t, which is threat to your lifestyle. You lecture us in the corporate world on why WFH is bad , and you have no idea what any of us do, or how we do it, and what a typical day is like for you.
You can’t even point to a friend or family member with the exception of your wife who can opine on how WFH works for them or does not. Of course now you start to make up people you know, and of course they will all hate WFH. Why can’t you just be honest and admit why you hate WFH? There is only one reason why, acknowledge it to the blog. You are a teacher you really should not care but you do. So why? And then you get your ass kicked this morning because of people criticizing teachers and having an opinion on the them and you criticize them for not understanding, as they don’t teach. But you of course are qualified to speak on workers in corporate America. Your job is to understand people!! What a croc! You are just a windbag.
Libturd: He is a piece of work! The teacher from Wayne is the expert on corporate workers and their commute and where and why they live where they do.
Chgo: I agree . The post reeks of his BS! And then he claims he has not posted under other handles.
3b,
For God’s sake, stop the Irish stubbornness. I called this real estate boom how far out? Jesus. You give me no respect. You know how difficult that is to do? Put it this way, prob less than 1% of the population called that. I’m sure there are more people out there like me, but they are a unicorn. I took abuse for that call. Do you understand that…the call was so outlandish that I was laughed at and told to take on “The Great Pumpkin” handle. I played along and did. Now it’s time to acknowledge the amazing call it was.
Also, it’s time to acknowledge that I was right on the nyc call. It was a great buying opportunity. Most of the suckers sold at a huge discount. Not many left to buy from. Have to buy when there is blood in the streets.
Someone in my family. Respect the call by pumps.
“Hi. Yes it sold in one weekend. 47 scheduled showings. No open house. We had 21 offers. All over asking and about 15 of them allowing us to stay in the house until mid June. We took an offer for $321k. Our highest offer was $334 but she wasn’t offering owner occupancy. And I don’t think the bank will even appraise it for that much.
We had the appraisal today we hope he appraised it for $321 like their offer but we have another agreement with them that they will pay any additional 10k if it appraises below.”
And don’t think for a second this is bubble activity, this party is just getting started.
Pumps: You are a teacher in NJ and that affords you wonderful health insurance . Please utilize it to the fullest, by obtaining the services of a psychiatrist / psychologist. There is something seriously wrong with you. Illusions of grandeur, delusions, massive insecurities, just to name a few. Please get help. Make that call. Do it now, don’t wait!
3b,
You are a dick. Just own it.
I’m the complete opposite of you. Like Essex points out, you can’t survive in the ghetto if the kids don’t think you are genuine good guy. They read you like a book and eat you up. I’m a person that is a genuine good guy. Don’t make me out to be some crazy guy for making an amazing call that you continuously shot down 8 years ago.
At the end of the day, life is too short to be trusting people so poorly. Grow up.
I might suffer from OCD, but don’t belittle me for my passion. I knocked it out of the park…I called the years this would happen. I was saying roaring 20’s 2.0 before it became en vogue.
Pumps: Personality disorder is another one of your issues , along with your inferiority complex. It’s clear you need help. Pick up the phone now and make the call.
3b, Sorry to say. Accept defeat, suck it up and move on.. Until the housing crashes by which you might be too old..
Yup, there is no problem taking the L. Doesn’t make you less of a human being, in fact, it shows character.
My wife.
“Some guy I work with has a house in hackettstown. A one family that he was renting… had an open house Sunday … no realtor so I guess he did it. Got 3 offers today”
Average number of new daily covid cases in Texas is down 39% over the last 2 weeks
https://www.nbcdfw.com/news/coronavirus/hospitalizations-in-texas-from-covid-19-continue-to-drop/2580179/
I suspect about half of Texas has had covid and didn’t realize it.
Can post entire text if people want to read
https://www.wsj.com/articles/the-pandemic-ignited-a-housing-boombut-its-different-from-the-last-one-11615824558?st=cf9qt3ne4la78rm&reflink=article_copyURL_share
From Chicago’s link above:
“On $1 million purchases, people are putting down $500,000,” he said. “You didn’t see that before.”
It’s crazy. Any and every house in my neighborhood is gone in a flash. Main street? No problem. Gone!! As the article states, there is a big gap between those who already own and can move up and first time buyers. I would be beside myself as a first time buyer.
re: Housing Bubble from the WSJ article.
First Time Buyers…
“Pearl and Andrew Kleinhans saved for two years to buy their first home. But even with $200,000 saved for a down payment, they kept losing out last fall in bidding wars with cash buyers.
They started with a budget of $600,000, but ended up having to spend $850,000 in January for a four-bedroom home.
“What can you do?” Ms. Kleinhans said. “It was a bit out of our price range, or what I intended to spend. But that’s just what you have to do in order to get your foot in the door.”
This is in Phoenix Arizona folks. Home prices show there an increase of 17% since last year with an additional expectation of another 8% this year.
“I would be beside myself as a first time buyer.”
I remember that feeling when Gator and I fukced up and bought our multi in 2004 for 525K. Little did we know it could have been had for 125,000 less than we paid a little over two years later. Here we sit with well over 100K in improvements 17 years later and I couldn’t even get an offer over 625K for it. In Montclair, about a 6 minute walk from the Midtown Direct.
Here is the house from the WSJ article in Phoenix, house sold on Jan 2021 for $850,000. Previously sold for $580,000 in June 2018. Previous sale pre bubble 2002 was $510,000
2 years 7 months from last sale a 46.6% appreciation of $270,000 dollars?
12/7/2020 Listed for sale $850,000 (+46.6%)
6/19/2018 Sold $580,000 (-3.3%)$156/sqft
5/21/2018 Listing removed $599,900$161/sqft
4/24/2018 Listed for sale $599,900 (+17.6%)$161/sqft
9/13/2002 Sold $510,000 (+835.8%)$137/sqft
https://www.zillow.com/homes/18243-N-15th-Pl,-Phoenix,-AZ-85022-_rb/8001993_zpid/
Reminds me of the 2018 movie Arizona. The one with the Realtor who is taken hostage by the distraught murderous homeowner who bought during peak bubble.
“what do they teach a seminar to you guys, just how to lie to people. You did not say my house would double in value?”
Short clip.
https://youtu.be/14E4BrNpd6Q?t=8
No free money for you.
“Washington (CNN)The latest round of stimulus payments that started going out over the weekend are open to being seized by private debt collectors — a problem lawmakers are rushing to fix.
Recipients with unpaid credit card or medical bills for which a company has obtained a judgment against the debtor could see the fresh infusion taken from their bank accounts, potentially preventing those in need from getting the emergency cash.
Some struggling Americans aren’t getting the stimulus payment they were promised. Here’s why.
Sen. Ron Wyden, a Democrat from Oregon, plans to introduce a fix that would shield the payments from garnishment as early this week, according to a spokeswoman.
But for now, it’s possible collectors could seize the money, worth up to $1,400 per person, that the federal government is directly depositing into people’s bank accounts.
“We really wish this could have passed before the money started going out. The protection would have been far more effective if the payment was coded in a way so that banks would automatically know to protect the money,” said National Consumer Law Center associate director Lauren Saunders.”
That’s why I was saying the last decade that you don’t realize it now, but house prices are really cheap. You couldn’t lose. Well, now people realize it. Kiss those prices goodbye. This is not speculation growth, this is demand side growth.
“2 years 7 months from last sale a 46.6% appreciation of $270,000 dollars?”
It’s a good thing I acted quick and made an offer on my new Florida home near Sarasota back in December. I’ve been following new listings in the town and there’s very few single family homes for sale, and the few that have listed came our well above historical prices and went under contract immediately. Most homes in my town are condos, and they are also selling fast. Seems like now that more people are getting the courage to fly again, more people are ready to move in, but not many people are interested in moving out.
re: “not many people are interested in moving out”
So it’s one of those Florida communities where you leave feet first…37.3% of the population in that county is over 65 years old.
Anyone think Biden’s tax plan of 40% on capital gains of annual millionaires will be anything more than lip service?
40% tax on doctors and small business owners…that’s about it. Everyone else funded his campaign and expects to be given loopholes.
That’s kind of what I was thinking too. If this stuff somehow did come throw. I imagine the tax loss harvesting would be tremendous this year causing the market to go kaboom.
Through. Not throw. Too busy.
55 days, still no press conference by O’Hiden. Inflation ramping up; energy and food prices becoming uncoupled, crisis at the border being ignored as kids are placed in kennels because of over-capacity, vaccine appointments harder to come by than toilet paper a year ago.
Good discussion on the housing market, SF, SF Rentals, Mtg, Migration, WFH… Ivy Zelman and Diane Olnick on YouTube. Ivy is regarding as one of the top home analysts in the country. Worth 60 min of your time.
https://www.youtube.com/watch?v=Ro3Ogw1WHDU
“Back when we met there was no ‘Jersey Gold Coast,’ ” Procida said last summer after his firm’s 100 Mile Fund closed the $52.5 million construction loan for the project. “He is possibly singlehandedly responsible for what is now called the Gold Coast. Not to mention his girls have grown up eating and sleeping real estate.”
https://re-nj.com/daughters-of-longtime-north-jersey-developer-set-to-unveil-familys-latest-project/
Must be nice to have an extra 700 million laying around to misplace.
https://news.yahoo.com/u-pandemic-relief-program-mistakenly-194721414.html
The U.S. Small Business Administration (SBA) mistakenly paid out $692 million in duplicate small-business pandemic relief loans because of technical errors and other mistakes, the agency’s internal watchdog said on Monday.
“For God’s sake, stop the Irish stubbornness. I called this real estate boom how far out? Jesus. You give me no respect. You know how difficult that is to do?”
Not at all difficult. Zero. Nada. In fact, entirely 100% predictable.
As I have said for at least seven years including when you first made this ridiculous ‘call’…if you take 15 year slices each of the stock market, real estate market, and GDP has increased 99% of the time from one period to another…
All hail Pumpkin, Master of Predictions (when they have 99% certainty)!!!!
You are so fcuking stupid you can’t even comprehend the simple concept stated above, and continue to make a total public horse’s ass out of yourself by seeing some accomplishment in predicting the sun will rise.
You are the literal definition of an idiot. Like open wikipedia and see your photo on the definition homepage.
Meant to share this last weekend when I drove by.
They put in some billboards on those mounds of dirt by the Driscoll Bridge. You know, the ones across from the graffiti covered, sinking Amboy Multiplex and in front of the megachurch that looks more like an Amazon distribution center with a Cross on it than a church. It’s name? Riverton!
https://experienceriverton.com/
https://jerseydigs.com/phase-one-riverton-project-sayreville-nj-to-break-ground/
I think we’ve been talking about it since 2005.
It’s going to be flagshipped by a Bass Pro Shops. I really hope no one tries eating what they catch out of the water there.
11:17 and he’s still more popular than Trump ever was!
Lib, is there a weight limit for pulling in a dead body from the raritan? or is it strictly catch and release.
Still, Biden currently has a higher job approval rating than former President Donald Trump ever reached during his four years in the White House, according to Marist polling data. And support for Biden seems to be growing. In this latest poll, 52 percent of Americans said they had a favorable impression of him. That’s up from 41 percent in October 2019 in the midst of Trump’s first impeachment. Since then, Biden has inched up in favorability.
11:35 Savage! Pumpkin just wants a “little” validation. OK… he wants a lot of validation.
Greetings from the West. Where all the days are sunny and the poverty rate hovers around 50%.
Riverton is an interesting project. Much larger than the 250 apts at the old curtis wright plant in wood ridge nj. Put in a high speed ferry to Manhattan that can get you there in an hour and you will have a winner. The South Amboy train station seems just a bit to far for to walk it from there.
Walk,
What’s that 700 a month in commuting costs? Pass.
Lefty,
Interesting take. That’s why I took years of abuse for those calls saying they wouldn’t happen. Maybe you are suffering from dementia. 99% easy call? Whoa. Do you remember the times? Less than 1% of the population agreed with my calls at the time… if that. I called it 8 years out….on the years it would take place. When is the last time you saw someone do that? Why don’t you tell me what is going to happen 8 years from now in the market.
12:29 OK Nostra’dumas
Bystander, thats not for me as well. But Im sure many younger ones will. I had my boss locate me in NJ so I could avoid that and the extra taxes NY takes out. It would always drive me nuts that NY State would tax me on tax exempt bonds from NJ while I was living in NJ on top of having to pay tax they charged for my wifes income from NJ as well.
Yesterday the moving van showed up at the house across the street, owner moved out and the new owners moved in. Never a for sale sign. House next to us is closing soon, cant wait to see what that went for.
“When is the last time you saw someone do that? Why don’t you tell me what is going to happen 8 years from now in the market.”
You truly can’t be this stupid….only in your own mind was everyone against you…You know why?…because you take nuanced discussions here (about stocks, real estate, or the economy) and create an inaccurate straw man extreme that you then argue against….
Example, you continuously say people here represent that NYC is going to “die”. No one says anything of the sort. History shows it will continue to grow over reasonably wide measurement periods of, say, ten years as it has since about 1620. But as we try to have intelligent and insightful conversations you blurt in like some baby being fed in a highchair howling “he says it’s going to die!” and then proceed to argue against this point that was never made. And then proclaim yourself a genius with your plastic spoon in hand and mashed peas smeared all over your face.
I distinctly remember mockingly telling you about six years ago or so that your market forecasts (up, eventually!) should get you promoted to an MD at Goldman Sachs. Dumb fcuk, you probably thought I was actually complimenting you….
So answer to your question?
NYC GDP eight years out? UP.
USA GDP eight years out? UP.
NYC real estate values eight years out? UP
Dumbass, the ONLY thing in this universe that is a constant over a period of eight years is your stupidity, and only because it has hit absolute zero already and can’t go any lower.
In those dynamic maps, how could they leave out the star of the show…….. the XXXV Club.
Libturd says:
March 16, 2021 at 11:37 am
Meant to share this last weekend when I drove by.
They put in some billboards on those mounds of dirt by the Driscoll Bridge. You know, the ones across from the graffiti covered, sinking Amboy Multiplex and in front of the megachurch that looks more like an Amazon distribution center with a Cross on it than a church. It’s name? Riverton!
https://experienceriverton.com/
Trick, two benchmarks in town.
Both (expanded) ranches. Both listed north of $1.1m. One is on a hillside, no yard. No place for any young kids to play. Was literally advertised as a ‘condo alternative’ on its last sale ten years ago ($600k). Other is smaller but still over 2k ft2 has good yard but backs up to power lines (contiguous, but distant). Last sold middle of last decade in the eights.
Kills me to say it but the second one with some very nice interior remodeling may go as a knockdown….
We’ll see how they move. Not that I need these signals to tell me where we are in this market cycle……
hey Chi, what was that Italian restaurant you posted about in Marlboro a few months back called?
To Leftwing: I couldn’t be more appreciative of your advice and encouraging words, what with your experience in the matter. I certainly enjoy your prolific posts – those I can follow that is. Sincere thanks and cheers sir.
BRT,
Brooklyn Pizza. Still haven’t gone btw.
Chifi,
I remember when Club XXXV was The Coliseum and before that, the best name ever. Art Stock’s Playpen. Anyone here ever frequent the old Frank’s Chicken House in Manville? Saw Marylin Chambers insert a beer bottle where the sun don’t shine and made it land right side up, bottle flip style.
Have you guys ever seen this site?
http://www.worldstallestwatersphere.com/
OOOOOOOOOOOOOOOPSSSS!
Pancaked!
https://finance.yahoo.com/news/plug-power-restate-previously-issued-210000037.html
BRT: I am thinking it was this place…… sound correct?
https://www.ilnidonj.com/
Stu: filter wont allow website…. so here…
https://slicelife.com/restaurants/nj/manalapan-township/07726/brooklyn-square-pizza-manalapan-township/menu
Can post text if requested:
https://www.wsj.com/articles/college-admission-season-is-crazier-than-ever-that-could-change-who-gets-in-11615909061?mod=hp_lead_pos5
https://www.nj.com/hudson/2021/03/jersey-city-school-district-proposes-8274-million-budget-for-the-2021-22-school-year.html
Wow, that’s a lot of money. I guess all those PILOTs and other abatement in the new buildings downtown don’t have to pay a tax increase. Screw the single family homeowner again. Well, at least the part that those of us in the suburbs wind up paying when Murphy bails them out. “Your tax dollars at work”.
Math question for the students – How many union delegates and board of education members with their hands in the cookie jar does it take to equal $820 million?
Yes that’s it! Planning a trip to visit the shore, soon, going to try to hit it up on the way back. Thanks.
Lib, wasn’t thinking Brooklyn Square, but I may do that Saturday. I’ll be near the Jackson one after I take my kids to the Safari.
Nomad at 3/15 at 1:21 . . .
It is not too much of a stretch to imagine further housing intervention by the government. Government-backed 0% down loans. Government-funded down payments for first-time homebuyers. Government-provided mortgage interest rate subsidies. Government-backed 40-year mortgages. 50 year mortgages. More money printing. ZIRP forever. Full deduction for all mortgage interest and property taxes.
Restrict new home construction by enacting national environmental standards for new housing that would make Great happy. Eviction and foreclosure moratoriums if unemployment ever exceeds 5% or the economy sneezes in some other way. Pump up immigration numbers.
Stand Sleepy Joe (or whoever bigshot poltician) in front of a huge picture of a happy couple being handed the keys to a home and a lot of political gravity can move in favor of propping up the housing market.
A little of the above is ok, the system can handle it. Too much is very bad, though, of course. All of this pushes market fundamentals out and builds up negative pressure in the system. The prices are propped up in a way ever-more disconnected from incomes. The government can keep doing it until the government’s solvency breaks down (this is the same concern about the overextended federal budget, the federal and state debt, paying the bill for all the government spending somehow one day, etc.). The sugar keeps the party going until it doesn’t. When it doesn’t, asset values plummet back to reality and there are geopolitical waves, at best. At worst, the trucks stop driving for a while or the power grid goes down for a few days and we are living in The Walking Dead. Killing a man for a can of beans with your bare hands.
Re the original article linked above . . .
The reporter writes like 20+ paragraphs about the eviction moratorium, the eviction case backlog, and the anticipated ramifications. He fails to state whether he contacted the Governor’s office for any comment on when the moratorium might end. Another example of our brilliant local NJ press.
Many Sith lords were in on the GME action.
https://finance.yahoo.com/news/bill-gross-says-short-treasuries-195323797.ht
“At worst, the trucks stop driving for a while or the power grid goes down for a few days and we are living in The Walking Dead. Killing a man for a can of beans with your bare hands.”
Bring back clot and the nompound!
Looks like we will get a measure of the new AG right out of the gate.
https://nypost.com/2021/03/16/sen-whitehouse-suggests-fbi-probe-of-brett-kavanaugh-was-fake/
I called this at the time. The Whitehouse severely restricted what the FBI could look into as part of background check on Kavanaugh. Hopefully now we get the deep dive on what they should have looked into.
Here are the real questions to be answered.
https://twitter.com/RoK_phish/status/1371909335736066061/photo/1
Many Sith lords were in on the GME action.
The question is, how many of the good ol boys were notified ahead of time that Robin Hood and others were about to shut off the ability to buy.
I need to dig around in my parents basement to see if I have any pokemon cards down there . . . $400k for a first edition box containing 102 cards.
https://www.antiquetrader.com/antiques-news/pokemon-sealed-box-world-record
Lib on Riverton. My dad and his partners were under contract on that polluted site 30 years ago with NL Industries, they were going to build industrial, most likely distribution and warehouses maybe light manufacturing(although that ship has mostly sailed in NJ) or possibly a shopping center. Once Sayerville got involved it was all over, to quote my dad the politicians wanted to “build f*cking disneyworld” there. He was like who in their right mind would want to spend anytime there, his engineers basically thought the site was irredeemable and the idea of putting residential there was insane way too polluted to have people living there.
I suspect he was right about that site much like he was right about Xanadu being an albatross. I guess we will see but there is nothing about that area that isn’t polluted and not just a little
NJ on the cusp of 1/4 vaccinated (1 shot).
I need to dig around in my parents basement to see if I have any pokemon cards down there . . . $400k for a first edition box containing 102 cards.
https://www.antiquetrader.com/antiques-news/pokemon-sealed-box-world-record
I remember in 1999, my friend owned a card shop. Couldn’t keep the packs in the stores. They retailed for $3 and stores were charging $15 or $20. They were going like hotcakes. No one realized you could order online from the Wizards of the Coast website. So, I would list boxes on ebay, they would sell for $300, then I would go on the website, pay $70 and ship it directly to their house. I must have made at least 6 or 7 thousand during that “shortage”.
NJ on the cusp of 1/4 vaccinated (1 shot).
Given that the stats clearly show a high degree of immunity from the 1st shot after 8 days, we should have taken the 1 shot approach and vaccinated 1/2 the population. How that was not even on the table is a spit in the face of science and statistics.
167 on The Ten; target is 185 but 200 is seems inevitable.
Newark on the cusp of 1/4 shot
Grim says:
March 17, 2021 at 6:46 am
NJ on the cusp of 1/4 vaccinated (1 shot).
I’m closing Friday on 15 year refi at 2.35%.
JCer: that whole area can smell like brackish and briney water on a bad day. Often you can smell it on the Parkway. There is nothing they can do. I guess a serious dredging or some kind of water treatment, but who knows.
Just to be clear, regardless of how they pitch it, the users are going to be Staten Island’s finest, and possibly some Desi spillover.
BRT: I don’t follow that market, but I have to believe the spread between a 15 & 30 is wider now than it has been in quite a while
I’m saying same thing about you.
You can think whatever you want, you are entitled to that. I know wtf I know.
No one was calling for a housing boom in the early 2020’s in 2012 except me. Most were writing off north jersey real estate for good. To sit there and piss all over my amazing calls (the return of the job market in 2018, which I called in 2012 too). Remember, people were worrying the sky was going to fall or we were going to experience an era of stagflation. I laughed that off and made my calls.
SUCK MY FAT DICK…you hater.
leftwing says:
March 16, 2021 at 1:05 pm
“When is the last time you saw someone do that? Why don’t you tell me what is going to happen 8 years from now in the market.”
You truly can’t be this stupid….only in your own mind was everyone against you…You know why?…because you take nuanced discussions here (about stocks, real estate, or the economy) and create an inaccurate straw man extreme that you then argue against….
It’s not my fault you can’t acknowledge an amazing call. I know I knocked it out of the park, and whatever you say is not going to change that.
BRT: I don’t follow that market, but I have to believe the spread between a 15 & 30 is wider now than it has been in quite a while
I locked it in a while back. I definitely ticked up. I think 30 year rates are hovering at or near 3% right now. I went with my old broker than I originally had when he worked for Chase. He’s elsewhere now. I tried to refi with chase and they offered me 2.8% on the 15 year, when my coworker literally got a 30 year at 2.7% at the same time from THEM! My loan was 250k on presumably a $550k home value. 810 credit score. I flat out said, do I need to go somewhere else or do you have someone else in your office that isn’t going to try to rip me off? Guy had no answers.
Hows that housing boom looking in NYC. The other day, I read an article about a girl in Brooklyn who bought and rented out half of her home to somebody to help her expenses. Roomate hasn’t paid since March, claiming poverty while she bought a brand new car. She was forced to rent out the other half keep the property afloat. Now she’s out of her own home and barely hanging on. It’s a bull market baby!