How hot is NJ’s spring real estate market? Cash offers, bidding wars, forgone inspections
With two children and a third on the way, Heather and Patrick Healy decided their 1,900-square-foot home in New Providence was just too small. Knowing the real estate market was hot early this year, the couple figured looking in the million-dollar range would give them a cushion. But the market was just too tough.
They lost out in bidding wars for homes in Chatham and Basking Ridge before snaring a Basking Ridge 4,300-square-foot colonial revival built in the 1980s. The purchase price: $1,082,000.
“There’s no room for negotiations,” said Heather Healy, 34. “You have to be willing to pull the trigger right away.”
Welcome to the COVID pandemic real estate market in New Jersey, where homes are selling as soon as they are listed, often with multiple offers. Low inventory — coupled with the increased appeal of suburban living — has created a fiercely competitive market for buyers. Even as COVID restrictions about showing homes lifted, properties are still not coming on the market.
“It’s crazy. It’s really crazy,” said Ann Marie Battaglia, a real estate agent at KL Sotheby’s International Realty in Madison.
Updated Vaccination by Age Range for NJ:
Morning of 4/12 vs Morning of 4/15
At Least 1 Dose
Total Pop: 8.9m
Total 1st Doses: 3.6m – 40% of total pop (Up from 38%) – Bloomberg reporting 43.5%
18-29 – 1.4m population – 324k dosed – 23% 1 Dose (Up from 22%)
30-49 – 2.3m population – 900k dosed – 39% 1 Dose (Up from 37%)
50-64 – 1.9m population – 1,044k dosed – 55% 1 Dose (Up from 52%)
65-79 – 1.1m population – 1,008k dosed – 92% 1 Dose (Up from 87%)
80+ – 400k population – 360k dosed – 90% 1 Dose (Up from 85%)
Still on track to hit 50% of NJ population 1st dose by end of April (just barely, we would have got there faster with J&J). Come Monday, the age restrictions drop, so I suspect you’ll see the sub 55+ start jumping pretty significantly. Keep in mind, 55 splits the reporting range of 50-64, so one third of that group still not technically eligible without additional factors.
NJ 1st Dose Winners are:
Morris – 49%
Cape May – 47%
Gloucester – 42%
NJ Losers are:
Essex – 36%
Hudson – 36%
Passaic – 33% – Worst in the state
In addition to New York City, people are also moving from such places as Hoboken and Jersey City, seeking more space as more people work from home.
Interesting. Just two years ago, there was a proliferation of articles asking whether the ‘Burbs were dead and how the younger crowd preferred the urban areas. No one wanted to deal with a commute, lawns, leafy streets etc… it was the convenience of the city for work and play. Some questions come to mind: Will it reverse again now that it seems we’ll get a handle on the covid crisis? Is the onset of WFH now the norm and the office, at best, would require just a two day, in-person presence?
For Lib
In truth, Bernie had a file he called “shtup” — Yiddish for “push up” or “sex.” When it was near year-end and a client was short of his “guaranteed” return, Madoff would use the shtup program to figure out how much of a gain he’d have to magically create to hit the promised mark. It was sleight of hand, not skill.
3B – 2nd Pfizer shot today, been drinking straight whiskey all week long in preparation.
Actually I spent allot of time outside getting vitamin D, and hydrating excessively. I will be in your town for my shot 3B at CVS. Then I plan on visiting my mother to spray her roof with Wet and Forget to kill all the Moss growing as well as some yard work she wants done for cheap, as in free..
Bernie took allot from a charity one of my old bosses founded, the charity donated mostly to hospitals and neuroscience research. When the Bernie scandal broke to his credit my old boss reached into own pocket to make the charity whole, when they found out the money was gone as they had already made commitments with that money. He did not have his personal wealth with Bernie, as that money is tied up in artwork and according to a family member who does Art Restoration in NYC he probably has made more on his artwork collection than the hundreds of millions in stock he got from the company.
Ark is loading up on Coinbase? Did GOD tell Cathy that CRYPTO is something new and innovative?
I wonder how many of their users are fictions accounts in China or India?
Coinbase says there are 56 million accounts on their platform to trade crypto. Obviously this is not all people in the USA. They are banned in China, and Modi’s government plans to ban it and give users 6 months to liquidate although the legislation to do so has not been introduced yet.
f you read the fine print they claim only approx 3 Million active users. So those other 53 million accounts are what FAKE? How many of those were just kids who downloaded the app to see what it was and never deposited any money?
This is going to crash and crash hard. Options start trading Monday I gather.
Juice,
A member of my investment club, who just quit after three years (a very short-timer), revealed his amazing investment in crypto. This is going to end badly. I wonder if the crypt is going to take down the whole market when she blows? I mean, what are you left with when your $62,000 coin which cost $5,000 to $8,000 to mine is worth less than $5,000 to $8,000. At least if you spent that kind of dough on gold, you still have gold. What the hell is someone going to do with a number? Memorize it?
The more I look into COIN the more it stinks.
Again this is another PRODUCT of FED malfeasance by destroying savers forever and until the end of time and forcing everyone young and old to be SPECULATORS and GAMBLERS.
CEO of Coinbase is talking out of both sides of his mouth. One moment he says BITCOIN is the future and the next moment he says the FED should have it’s own Crypto dollar and people can trade it on their platform. Why would I want to use a trading platform to access my digital dollar and pay a 3% vig to withdraw $100 dollars?
It looks to me they also tried to get ahead of regulation by Washington DC and in March of last year just a year before this IPO, all of a sudden their Chief Legal Officer Brian Brooks quits to go work for Trump in the office of the comptroller of currency? Why would he leave for a perhaps a short term low pay gig? It was when the pandemic just started so perhaps their plan to get a say in regulation may have been foiled by COVID-19.
This stinks hard…
Outside of laundering money, I still don’t see a single good reason or use for it except perhaps to hedge against the failure of the central banks in the current race to the bottom?
Lib – It’s still a very small part of the world, but it is very loud. This is however existential, the investment banks are beginning to open this up for investment now. Before you know it the mania will cause a transfer much of our wealth to China. These digital assets are mostly made on computer farms in China which the government of China subsidizes the massive cost of the electricity to power the computing power needed to “mine”. They are making bank on it and laughing at us for spending our hard earned dollars on it. Once the wealth transfer is complete the computers will be shut off.
Who will be left holding the bag?
This is so much like the Dutch Tulip Bulb Market Bubble which ended when the rarest bulbs were worth 6 times the average person’s salary. So I suppose, she could run to $160,000 or so before imploding.
Though, rare flowers probably had a lot of value in the 1600’s. Besides theater and blood sports, there really wasn’t much to admire. Hence the value of a black tulip. Today, there are so many other distractions. I’m valuing Bitcoin at a max of 3 X mean salary or $100K.
The Chinese are ahead of us on this, crypto-related activities banned two years ago as “illegal transactions,” and are banned on their digital platforms like WeChat. Payment services are terminated and any merchant engaging in it in China is kicked off WeChat and put out of business. No banking and kicked off the platform? It’s like a ban from Apple…You are done.
We have a bunch of old geezers now running Washington DC. They better get their act together on this. Dollars should not be flowing to China for crypto, they need to go after the banks allowing it, and shut it down.
https://www.bloomberg.com/news/articles/2021-04-06/crypto-lobby-forms-to-shake-reputation-as-criminals-currency
HdpCYmiWnxj
Juice : My wife just left for her second shot at Valley. I saw the sign in CVS a couple of weeks ago. A friend of mine went the other day to make an appointment and they took him in 20 minutes. Whiskey will help anything! Stop into Total Wine while you are there. Great wine selection among other things.
Grim: I think unofficially at least the age restrictions have been lifted a while ago, people of all age groups have been getting the shots.
3B – Know that Total Wine well, after Hurricane Sandy hit, we lost power in Hoboken so we ending up staying with my mother. That Total Wine was the only liquor store open for miles as they had power!
Bitcoin isn’t used for laundering anymore. Initially, it was because but done so assuming no one would really pay attention. Basically, everything is recorded on the blockchain and accessible. Monero is used for laundering
Bitcoin has carved out a niche for itself to function as digital gold, not so much a currency. If it’s going to steal all of gold’s cap, that would put an upward bound price of $500k per bitcoin. That’s a big if. Gold/Silver bugs believe the paper promise markets are highly leveraged and gold should be more. I think bitcoin finds it’s equilibrium value and the volatility declines. Nobody knows where the equilibrium value is. People are fixated on price per coin, which is meaningless. There aren’t enough coins in existence for each millionaire to possess one.
All central bank monetary bases have exploded. I’ve got about 2% of my wealth so far in crypto just as an alternative hedge against central bank implosion. I figure I have more than enough breathing room to risk 5% long term. I’m fooling around on Gemini right now with sh1tcoins like Brave Basic Attention Token and “earning interest” on them just to try to figure out how the system is working.
Long term, I think this technology of digital currencies, fixed scarcity, and tokenization of assets has the ability to anchor central bank monetary policy. The US isn’t banning anything IMO. It doesn’t take much to bribe our politicians and it is a threat to central banking, our central bankers are too ignorant to even recognize it because they are too entrenched in their groupthink dedication to fiat and MMT thinking it is sustainable.
If currencies don’t implode, no big deal. I still get paid in dollars.
According to an estimate from William Darity, an economist at Duke University whose research is devoted to inequality in the context of race, and Kirsten Mullen, a historian, the cost of compensating Americans descended from slaves for the legacy of bondage and subsequent racial oppression could be up to $12 trillion.
https://www.yahoo.com/news/house-committee-hold-historic-vote-145742260.html
According to an estimate from William Darity, an economist at Duke University whose research is devoted to inequal1ty in the context of rac3, and Kirsten Mullen, a historian, the cost of compensating Americans descended from slav3s for the legacy of b0ndage and subsequent rac1al oppressi0n could be up to $12 trillion.
https://www.yahoo.com/news/house-committee-hold-historic-vote-145742260.html
BRT – Legal or illegal where? Depends on the jurisdiction. The blockchain does not tell you who owns a wallet. There is no bitcoin address registry that lists the owners of every address.
Any report saying there is little illegal activity is lying. They have no idea who what and where the bitcoin address is going to, there are 9585 nodes around the world many in jurisdictions the US government cannot subpoena for example the Chinese miners or anyone else for the info. Satoshi Nakamoto is the richest bitcoin owner. Nobody even knows who or where or what that person is.
I’m thinking about seeking some venture capital for my new cryptocurrency, Buttcoin. Don’t ask me how it is mined.
Fast
You may have to give up your bmw to pay for that
It’s like the left is going full force to lose the moderates and independent vote
Beer,
The left has become pure satire. Is there some deep underground bunker on a Soros island where leaders of the progressive orthodoxy dream up new and different ways to blow up the factory?
Riiiight. Keep posting weird-ass brainwashed crap like that.
Ironic, don’t you think.
You know how I feel about it. Office is not dead, might be some changes, but 9-5 is not dead. It’s laughable to think it will.
There is going to be continued demand through this decade as more and more millennials swarm the market. There simply is not enough housing to meet the demand in places where people want to live (good schools, in commuting distance to nyc, and safe). Housing once again is a rock hard asset to own.
Fast Eddie says:
April 15, 2021 at 7:00 am
In addition to New York City, people are also moving from such places as Hoboken and Jersey City, seeking more space as more people work from home.
Interesting. Just two years ago, there was a proliferation of articles asking whether the ‘Burbs were dead and how the younger crowd preferred the urban areas. No one wanted to deal with a commute, lawns, leafy streets etc… it was the convenience of the city for work and play. Some questions come to mind: Will it reverse again now that it seems we’ll get a handle on the covid crisis? Is the onset of WFH now the norm and the office, at best, would require just a two day, in-person presence?
Finally bought into ark funds again today, but didn’t buy last months entry yet. Still holding off on that. I added some shares of arkx to start a small position in it.
Coinbase/BTC are like my $1.125m listed “colonial shack” from the other day…..only worth what the next buyer is going to give you.
Coinbase long term doesn’t make sense to me…if you want BTC exposure then just go the asset directly, why screw around with the intermediary risk away from the actual asset especially when that intermediary’s success is tied explicitly to the value of the asset.
The marketing for Coinbase is to diversify away the pure asset risk as the company is a platform/servicer. Fine, problem is for it to stay that way the asset still needs to perform and if the asset performs and the platform remains that lucrative the competition is going to pile in….again, the analysis leads you back to the [performing] asset. Asset craters, you’re going to tapped either way.
But, as with the $1.125m crapshack, doesn’t mean it won’t continue to increase in value near term………
Fast WFH is here to stay, driven in large part by what employees with children want. This has been documented in multiple surveys taken by large firms over the last year. Some positions will be completely remote, others a hybrid, others a situation where you can have access to a desk/office if need be, and other variations. Away from employees wanting it, is the cost savings by dumping real estate space, and the fact that employers see the work is getting done. The younger people will in many cases want to go back to the office for the urban social scene, but when marriage and kids come they will want the WFH as well. This is where it’s going for many companies, but not all of course. I have two friends that are senior HR types, and this is what is being crafted right now. 9 to 5 in the office 5 days a week is dead.
VIX with a 16 handle……blowout sale on hedges, get yours before they’re gone…..
Good for ark funds if you are playing them long.
“Republicans and Democrats align on tech spending. The Endless Frontier Act got a hearing before the Senate Commerce Committee on Wednesday, drawing support from Republicans and Democrats, WSJ’s John McKinnon reports. The centerpiece of the package is a bill that would rename the federal government’s science agency as the National Science and Technology Foundation, and authorize it to spend $100 billion over five years for research into artificial intelligence, robotics, high-performance computing and other advanced technologies.
An additional $10 billion would be authorized for the Commerce Department to designate at least 10 regional technology hubs for research, development and manufacturing of key technologies.
Additional funding would likely be made available for domestic semiconductor manufacturing and other tech-related supply-chain proposals.”
Too bad what the employee wants doesn’t matter..
Most CEO’s are not embracing WFH…have you been watching?
“Fast WFH is here to stay, driven in large part by what employees with children want.”
3b – did a tour of the mighty Hackensack, looks muddy as ever. There was total of 5 cars in the River Edge Train station parking lot.
WFH is here forever.
Google Wants Workers To Return To The Office Ahead Of Schedule: This Looks Like A Blow To The Remote-Work Trend
https://www.forbes.com/sites/jackkelly/2021/04/01/google-wants-workers-to-return-to-the-office-ahead-of-schedule-this-looks-like-a-blow-to-the-remote-work-trend/
Goldman Sachs: Bank boss rejects work from home as the ‘new normal’
https://www.bbc.co.uk/news/business-56192048
Madoff crypto……. Shtupcoin
Libturd says:
April 15, 2021 at 10:54 am
I’m thinking about seeking some venture capital for my new cryptocurrency, Buttcoin. Don’t ask me how it is mined.
Dimon outlined several reasons why workers will be coming back to the office, from jobs that simply cannot be done remote — employees in retail bank branches, jobs in check processing, vaults, lockbox, sales and trading, critical operations functions and facilities, amenities, security, medical staff and “many others,” he wrote — to broader concerns about the future of company competitiveness with too much of its workforce at home.
His model for JPMorgan envisions “many employees” working in a location full time; “some employees” working under a hybrid model which allows them to split days between a work location and a home; and only “a small percentage of employees, maybe 10%, will possibly be working full time from home for very specific roles,” according to the letter.
https://www.cnbc.com/2021/04/07/jamie-dimon-letter-how-remote-work-will-change-jpmorgan.html
LOL. So is there a fixed exchange ratio between the Shtupcoin and Buttcoin, or will the top change frequently?
Come on Leftwing, if you want to invest somewhere between Shtupcoin and Buttcoin, the only option is Pereneum.
Juice: Mighty Hack is filthy and debris along its majestic banks. It’s a shame. That’s the big parking lot across from Feathers. The smaller one north end of town is 0 to 3 every day. WFH forever!!
Dimon said it, but apply it to why Google is rushing to get back…they are trying to get a competitive leg up by getting ahead of their competition still WFH.
“to broader concerns about the future of company competitiveness with too much of its workforce at home.”
Google is making their workforce return to the office to free up bandwidth to their cloud for their paying customers.
1:02p, Niiiicee! LOL.
Legal or illegal where? Depends on the jurisdiction. The blockchain does not tell you who owns a wallet. There is no bitcoin address registry that lists the owners of every address.
Any report saying there is little illegal activity is lying. They have no idea who what and where the bitcoin address is going to, there are 9585 nodes around the world many in jurisdictions the US government cannot subpoena for example the Chinese miners or anyone else for the info. Satoshi Nakamoto is the richest bitcoin owner. Nobody even knows who or where or what that person is.
Monero is better at hiding your identity. Longterm, if Bitcoin is going to gain traction, it’s likely going to be through disclosing who’s wallet is who’s. Bitcoin is becoming mainstream and Wall St. is front running to get people invested prior to ETF launch.
Jesus, I’m skipping over Pumpkin’s posts and all I see is butt jokes. Still better to read though.
So why do some people hate Cathie Wood? The obvious answer is because she’s an outsider. She doesn’t look like “one of us.” I think there’s more than a little truth here, but I think this is just one part of a bigger schadenstory. Her gender is absolutely an essential part of this, but there are other factors at play. The people rooting for her downfall are the same people who want to see Elon Musk crash and burn. Ditto for Chamath.
Most of the people hoping for Ark to come back down to earth are traditional stock pickers. They have had a difficult time over the last decade, especially if their style skews towards value. The market has rewarded high growth and high cash burn companies for a long time now. The backdrop that fueled her success has led to their failure.
If I had to characterize what her detractors think about her, here’s what it would look like:
Yeah she’s winning right now, but it’s not going to last forever. The crazy predictions that she made, like Tesla hitting $4,000 in five years, she just got lucky. Elon is a con artist and god I hate him and ugh I can’t believe people don’t see through his bullshit.
And look at her investors. It’s all dumb money. This will end badly for them.
Here I am busting my hump, doing real analysis, and people aren’t giving me money because my returns look terrible compared to hers. And without the Fed and easy money, she’d be nowhere. Ugh I can’t wait until ARKK crashes and burns. Once her style stops working, mine will start and I’ll be able to show everybody that I know what I’m doing.
In the minds of these people, Cathie Wood is the face of “all that is wrong with the investing world today.”
Her success makes other people feel bad about what they’re doing. And that I can understand. I’ve looked at ARKK more than once and felt like an idiot for not owning it. So it doesn’t come as a complete shock to me that some people are rooting for her returns to come back down to earth, even if it’s nothing personal. It will make them feel better about what they do. I totally get the desire to be able to say to themselves and others, “See. I knew I wasn’t crazy.”
We’re always rooting for people at the top to fall. It’s in our nature. It was true in 1596 when Shakespeare wrote: “Heavy lies the crown” (the actual quote is “Uneasy lies the head that wears a crown”). It’s still true today.
The people who don’t like Cathie Wood have been chomping at the bit over the last few weeks as her flagship fund fell 30% from its high. They’re hoping for a self-fulfilling cycle that will feed on itself. Her stocks go down, she gets redemptions. This will push her stocks down further, and she’ll get more redemptions. And then they win. To these people, I’m sorry to say this is wishful thinking.
https://theirrelevantinvestor.com/2021/03/13/why-do-some-people-hate-cathie-wood/
Nasdaq 14K. Thank you Biden.
BTW, was listening closely to the lyrics of the Who’s Won’t get Fooled Again. How appropriate.
We’ll be fighting in the streets
With our children at our feet
And the morals that they worship will be gone
And the men who spurred us on
Sit in judgement of all wrong
They decide and the shotgun sings the song
I’ll tip my hat to the new constitution
Take a bow for the new revolution
Smile and grin at the change all around
Pick up my guitar and play
Just like yesterday
Then I’ll get on my knees and pray
We don’t get fooled again
The change, it had to come
We knew it all along
We were liberated from the fold, that’s all
And the world looks just the same
And history ain’t changed
‘Cause the banners, they are flown in the next war
I’ll tip my hat to the new constitution
Take a bow for the new revolution
Smile and grin at the change all around
Pick up my guitar and play
Just like yesterday
Then I’ll get on my knees and pray
We don’t get fooled again, no, no
I’ll move myself and my family aside
If we happen to be left half alive
I’ll get all my papers and smile at the sky
Though I know that the hypnotized never lie
Do ya?
Yeah
There’s nothing in the streets
Looks any different to me
And the slogans are replaced, by-the-bye
And the parting on the left
Is now parting on the right
And the beards have all grown longer overnight
I’ll tip my hat to the new constitution
Take a bow for the new revolution
Smile and grin at the change all around
Pick up my guitar and play
Just like yesterday
Then I’ll get on my knees and pray
We don’t get fooled again
Don’t get fooled again, no, no
Yeah
Meet the new boss
Same as the old boss
Of course you need more square footage:
The coronavirus outbreak has pushed millions of Americans, especially young adults, to move in with family members. The share of 18- to 29-year-olds living with their parents has become a majority since U.S. coronavirus cases began spreading early this year, surpassing the previous peak during the Great Depression era.
COVID-19 disruptions associated with a large increase in the share of young adults living with parent(s)
In July, 52% of young adults resided with one or both of their parents, up from 47% in February, according to a new Pew Research Center analysis of monthly Census Bureau data. The number living with parents grew to 26.6 million, an increase of 2.6 million from February. The number and share of young adults living with their parents grew across the board for all major racial and ethnic groups, men and women, and metropolitan and rural residents, as well as in all four main census regions. Growth was sharpest for the youngest adults (ages 18 to 24) and for White young adults.
Chi – re: Shtupcoin
People have short memories. We are now rinsing and repeating scams now. Charles Shrem from Brooklyn was one of the first bitcoin exchange startups. His startup BitInstant was processing approximately 30% of all bitcoin transactions until they went under do processing transactions for Silk Road. Shrem went to the Pokey.
Shrem is rumored to be sitting on thousands of stolen bitcoins. He even took some from the now Billionaire Winklevoss twins.
But hey the media portrays this as all shiny and new.
Case in point.
https://www.entrepreneur.com/article/369372
I think I am having a severe reaction to my second Pfizer shot today because I agree with Pumpkin on one of the most prescient statements he has ever made for someone who has never worked for a public company.
“Too bad what the employee wants doesn’t matter..”
Yes Pumps, the board and CEOs don’t care, they only care about ex-ante return. Meaning if the CEO forecasts working back in the office is going to increase yield they are going to force it right or wrong, and be dammed the opinions of everyone else.
It’s a game of chicken already…We shall see how far it goes…
It is perfect summary, Lib. I also liked Jim’s words. Today’s market for sure..Cobra on left, leopard on my right indeed. Powell is setting up end of times sh&t. We won’t seek another term. Try to slink away before it all explodes and leave the chaos to someone else.
Successful hills are here to stay
Everything must be this way
Gentle streets where people play
Welcome to the Soft Parade
All our lives we sweat and save
Building for a shallow grave
Must be something else we say
Somehow to defend this place
Everything must be this way
Everything must be this way, yeah
The Soft Parade has now begun
Listen to the engines hum
People out to have some fun
A cobra on my left
Leopard on my right, yeah
WFH Forever..also spending $100 billion over five years for tech assures that they will remove caps on H1B. It won’t get to US tech workers. Raise the g-damn salary requirements. Businesses have benefited for too long from this modern day slave arrangement.
Juice: You will feel better tomorrow!!
Imagine teaching for 30 plus years, taking home a six figure pension, and then working as a negotiator to help other unions handle contracts. Man NJ must be a rich state .
3B – No issues here at all, and I don’t expect there will be as I am rarely sick. I simply made it with too many women to not have caught it all a long time ago. Yes I was naughty but hey I am now immune. Before I die of cancer or heart disease or lactose intolerance it will be interesting to know if they can actually heck treat cancer or cardiovascular disease with messenger RNA.
Although when driving home I heard that the Pfizer CEO said we all now need another shot within 12 months. Must be another ex-ante projection on earnings to the board. Expect Moderna and J&J etc to follow suit.
I may need someone to bail me out, as my wife won’t when I stop wearing a mask. A go fund me would be nice too a pre-burial fund aka “party all the time fund” would be nice…
ARK went pretty balls deep today on COIN. Dumped some serious TSLA holdings in two funds to pick up COIN equal to about 0.75% of portfolios’ values.
https://www.ctvnews.ca/health/coronavirus/b-1-1-7-variant-not-linked-to-more-serious-infections-study-1.5385026?fbclid=IwAR1ELEER0eLNNGoVk3aAMw2X2sxkqmGQxUtdh0bO6t7tnW3mqmShh4RGSMQ
Jersey Strong.
https://www.cnbc.com/quotes/hwin?qsearchterm=hwin
https://www.cnbc.com/2021/04/15/theres-a-single-new-jersey-deli-doing-35000-in-sales-valued-at-100-million-in-the-stock-market.html
Juice: You have become very reflective/philosophy these last few months! I
saw the Pfizer announcement earlier, not surprised and I recall that there was talk of needing a third shot or booster shot a few weeks back. Will be like getting the flu shot every year. Live your life!
KEY POINTS
BlackRock CEO Larry Fink noted that a host of factors are likely to propel markets higher in the near term, even as the S&P 500 and the Dow hover near record levels.
“I believe because of monetary stimulus, fiscal stimulus, the cash on the sidelines, earnings, the markets are OK. Markets are going to continue to be stronger,” he predicted.
“I am incredibly bullish on the markets,” Fink said in an interview on CNBC’s “Squawk Box.” He noted that a host of factors are likely to propel markets higher in the near term, even as the S&P 500 and Dow Jones Industrial Average hover near record levels.
https://www.cnbc.com/2021/04/15/blackrock-ceo-larry-fink-says-hes-incredibly-bullish-on-stock-market.html
Juice,
You know who is going to win this game of chicken.
Again, too many things can go wrong with an employee always working from home. They can go rogue, suicidal, or become a total addict on your dime. People need to separate work from home. Plain and simple. I would short the sh!t out of any company that decides to WFH and compete with companies that go opposite way. Those other companies will win every single time.
3B – There is allot going to happen this summer, pants down demand and all, but hey who does not like to live vicariously….
It’s going to be fun times. I was thinking of an investment in an establishment but apparently it’s all sold out…
And in a world of OCD…you want that employee in office to take full advantage of their OCD. You want them to obsess and buy into company culture. This isn’t rocket science.
In terms of risk, I would never invest in starting a WFH company. Too many things can go wrong with the employees..I want to physically see and control the environment of my employees.
Now is the time to start a business. Such a vacuum to jump into.
Juice Box says:
April 15, 2021 at 7:57 pm
3B – There is allot going to happen this summer, pants down demand and all, but hey who does not like to live vicariously….
It’s going to be fun times. I was thinking of an investment in an establishment but apparently it’s all sold out…
Pumps – re: “You know who is going to win this game of chicken.”
You aren’t old enough to have experienced Dot Com 1.o, and you have no clue what will happen next. I can tell you history rhymes without fail. This time it will be much much bigger. It was endless party time until 9/11. . This time around it’s going to make that party look like an afternoon at Chuck E. Cheese.
Juice: Yes it could be an interesting summer. Everyone wants to be a real
Estate agent now, home shoes are back. And there is a new show sort of like Shark Tank, where viewers will be able to invest in companies pre -IPO. That should be fun!! Inflation taking hold, more massive spending, and Russia threatening Ukraine again with troops massing on border. China getting angrier over Taiwan. Probably missed some others as well. Oh and companies finalizing WFH plans for end of this year and next, in spite of the chatter about employees going rogue and crazy. Expert opinion from the guy who has no experience in the corporate world. Obviously keeps him up at night.
Juice are you seriously looking to start a business? Done with the corporate world?
US GOV looking at telework as well.
The Small Business Administration issued 14 years’ worth of loans in 14 days under the CARES Act. Over the past year, it nearly tripled its workforce to process hundreds of billions of dollars in pandemic relief spending approved by Congress.
The agency could do none of it, top SBA officials said, without the flexibility of a 100% remote workforce. Now they’re considering the benefits of making long-term telework a permanent feature for the agency workforce.
SBA’s cloud-based networks scaled quickly to support mandatory telework during the COVID-19 pandemic. Agency executives said employee productivity is up under full-time telework, and could better position the agency to mobilize when it responds to natural disasters.
SBA’s Chief Human Capital Officer Elias Hernandez said Wednesday that the agency is looking at offering permanent telework as a strategy to recruit from a broader pool of talent, and retain the most in-demand employees.
h**s://federalnewsnetwork.com/workforce/2021/04/sba-executives-beyond-doubt-that-teleworking-employees-are-more-productive/
My wife and I were looking to acquire a near seven figure childcare operation prior to covid. I just don’t know where this is going now. I spoke to a local niche broker last week, who said 1/3 of day cares in NJ are not opening back up. Those that did remain open were applied for first responder licenses/permissions. Perhaps unsurprisingly, centers in low to mid neighborhoods are doing a lot better than nicer towns. Infant rooms have been particularly hard hit across the board.
3B : “are you seriously looking to start a business”
Yup and it’s not changing diapers (No offence Boomer). Tech is what I am. I have dabbled in the past and seen plenty go boom and bust. Is this time different?
Will anything make all the difference or will I be back to the slog? Last bust I limped a bit and picked myself up and became respectable. That’s feeling is gone for now, and thankfully I can afford to take time off and reposition.
Need an inspiration….been perusing Gartner’s quadrant and really none clicks..
If it doesn’t I will be back at a bank, manufacturer, telecom or maybe a startup. Got plenty of resume just no inspiration.
Juice,
Come join me. Can you handle blood and guts?
” a pre-burial fund aka “party all the time fund” would be nice”
I’m sure Grim will take a retainer to ensure that you go out in style. All logistics could be handled and I’m sure that prepaying a suitable bar tab at his establishment would ensure you are toasted on to your final abode.
Stay-at-home policy is a case of exception fallacy: an internet-based ecological study
https://www.nature.com/articles/s41598-021-84092-1
I’ve been tracking a secondary business to start. I have a good one ready, low start up costs and could be ready to go, but I don’t have the bandwidth at the moment. It should be still ready if I need it in a year or so, but its hard to pass up in this environment where there are a lot off PPP dollars in play.
If you want a daycare in a good area, here’s one.
https://www.bizbuysell.com/Business-Opportunity/Turnkey-Profitable-Kids-business/1837441/
Yes its a cooking school, but get creative.
None taken. At that level it’s largely absentee and for the wife to oversee. My passion lies in the B2B compliance consulting niche I’ve been in for 15+ years. What used to take 100+ billable hours and cross country flight can and will be done via AWS. The whole thing will get smarter as it chews the CSV records gigs at a time.
It’s my way of saying FU to the billable hour.
More Zombie companies and now, even more Zombie consumers. Insanity.
Lease to own payment card, Acima is owned by RentACenter.
https://www.cnbc.com/select/acima-leasepay-card-announced/
This one does buy now and pay over 6 months.
http://zebit.com/buynow/?utm_source=bing&utm_medium=cpc&utm_campaign=NE%20%7C%20Search%20%7C%20NB%20Buy%20Now%20Pay%20Later%20%7C%20US&utm_term=lease%20to%20own&msclkid=ebdac7f6f13913f640d5a78f8ffa90fa
Lib:
https://www.linkedin.com/pulse/perseverance-david-rosenberg-1e
Lmfao. Yes, this will end well. I wonder how easy it is to create no show jobs under this format.
You guys refuse to understand that WFH is the devil in disguise. It makes people more productive?! At what, sitting on their a$$, and doing the least amount of work possible to keep said job. That’s what will power the companies of tomorrow..a workforce that doesn’t even shower or take care of themselves.
BoomerRemover says:
April 15, 2021 at 10:02 pm
US GOV looking at telework as well.
The Small Business Administration issued 14 years’ worth of loans in 14 days under the CARES Act. Over the past year, it nearly tripled its workforce to process hundreds of billions of dollars in pandemic relief spending approved by Congress.
What are the chances they lose their jobs?
https://www.nj.com/news/2021/04/married-nj-state-police-detectives-charged-with-filing-false-reports-over-bar-brawl.html
My son hates me. I made him lose a 5-bagger in Doge. In the time it took Doge to go from 6 to 30. Apple, which he sold his Doge for, has been pretty close to flat. Oh these poor millenials.
lol, too funny. Lib, on twitter, there are a bunch of people that were screaming because they wanted to sell their Doge and Robinhood basically stopped working with respect to Dogecoin. They are an awful company.
Here’s one:
I’m trying to sell 100,000 worth of Doge but it keeps giving an error. Please wth robinhood. This is not ok I need to speak with someone immediately. I have videos of me trying. WiFi, cellular data, re-downloading app please
lol, so they were taking orders that got frozen…then they prevented people from canceling them. So a lot orders that people wanted cancelled once denied went through hours after the fact.
Of course he only had $20 in it. But $100 is a lot of money to a kid saving for his first beater.
Asking for a friend:
What would you do if your ex routinely calls the police to do “welfare checks” on your child when they are with you during parenting time?
Phoenix
Contact a family lawyer to see if that counts as civil or criminal harassment and violates the divorce agreement
Phoenix: That is certainly harassment in my mind. You would think this woman would have other things to do then harass the Father of her child
Phoenix,
Sounds like she’s planning to go for full custody. Be careful what you say or write in any and all convos. Though the police have not found anything wrong. In a future court hearing, all she needs to show is a single maniacal rant from you to appear to justify her fears. The fact the cops didn’t find anything won’t matter. If you get the wrong judge, her calls to the police will serve as proof of her fear for the welfare of your children. Heck, she might have a case even without you saying a single bloody word. Though we are seeking to be reheard, we lost our case due to a bad (green) judge who chose to cite precedent from nearly thirty years ago, who conflicted her own findings in summary judgement and who chose to ignore all evidence presented from both sides. Though I’m obviously biased, no one the case has been shared with understands her decision. Worse, it sets a terrible precedent for a lot of special needs kids going forward. The short of it is that if the school “says” the kid got FAPE, then the kid got FAPE. Evidence showing otherwise be damned.
So, sitting in the United Club at O’Hare eating some cheerios with my mask on the table in front of me. High top table, partitioned with glass all around to create six little “booths” with glass on three sides, chairs six feet apart. I’m the only one at the entire table where I’m sitting and and in addition to intentionally choosing an empty table took the seat farthest away from everything next to the wall, ie. no one within at least 20 feet of me.
Signs all over the place, including printing on the napkins:
Mask. Eat. Drink.
Mask. Repeat.
I am literally mid-spoonful…mouth open cereal on the way in when some United woman comes over to me….
“Sir, your mask must be on if you’re not eating”
“Uhm, I’m eating?”
“Well you need to wear it somewhere on your face while you’re eating”
I take my spoonful of Cheerios, pick the mask up nicely with a courteous smile, put one loop over one ear, and let the rest dangle down to my chin. She smiles pleasantly and leaves.
Whew. So happy that 40-something mom with [I’m certain] the advanced degree in epidemiology was here to prevent my indiscretion from harming humanity because, you know, the mask dangling off one ear is SO much safer than it sitting on the table while I eat.
It’s sh1t like this that makes otherwise reasonable people like me incredibly resentful. I complied here without comment because I would like to get to my destination. God bless the next idiot who does something similar I will steamroll them. Fcuk you United, fcuk you, you stupid fat old cow. And fcuk Fauci now too.
Nice job assholes. Just took a neutral complying party in this whole pandemic debate and turned them against you.
Oh, and btw I have two co-morbidities and have been fully vaccinated since mid-Feb. Useless airline, useless hag.
Citi Field requires proof of negative rapid test, negative PCR or proof of vaccination. Seating is in socially distanced pods, outdoors. Masks are not only required, but they had someone walking around and enforcing mask policy in seating areas.
left,
there’s a turning point where nobody cares anymore. We aren’t there yet but rapidly approaching it.
I’m fully vaccinated, likely had natural immunity already from prior infection, and was showered with virus for a week a few weeks back. I even sat in a small room of 20 people awaiting results where a few were clearly sick. Nothing. It’s over for me, I did my part, nothing else to do. I wear it when required (like stores and work), but I’m not going to jump through hoops for someone because some moron came up with a set of rules that make no sense.
I get requiring it in stores still. If you don’t, people will just say they were vaccinated and no one will wear a mask. But at some point, stop the stupidity and come up with a set of rules that actually make sense and are reasonable. We never got to that point.
U.S.
No Criminal Charges for Officer Who Shot Capitol Rioter Ashli Babbitt
Justice Department says there is no evidence indicating Capitol Police officer wasn’t acting in defense of himself or lawmakers
The mask cannot sit two inches in front of my chest while I put food in my open mouth, it must be dangling uselessly on the side of my face protecting nothing instead.
The stupidity is mind-boggling.
God, I wanted to just disassemble her verbally, I would have enjoyed that. But I want to see my kid more…….
I’m beginning to discover that I proactively hate stupid people.
“My wife and I were looking to acquire a near seven figure childcare operation…”
Sweet Jesus, good luck…..
Probably the last line of business I would enter as the tail risk (reputationally, financially) is massive. All it takes is one crazy parent, and you don’t have enough fingers and toes to count the number of them that will come through your door….
A Pathway to Equitable Math Instruction does offer an 82-page workbook on how teachers can “examine their actions, beliefs, and values around teaching mathematics.” The group claims white supremacy culture can show up in the classroom in various ways, including when “the focus is on getting the ‘right’ answer,” and when “students are required to ‘show their work.'”
The group also says educators should try to “center ethnomathematics” by identifying and challenging the ways that “math is used to uphold capitalist, imperialist, and racist views.”
https://katu.com/news/local/debate-emerges-over-racism-and-white-supremacy-in-math-instruction
Left,
Was at a terrible NJ Devils game recently. Team is so bad, especially at home, I keep getting donated tickets with face values of $200 a piece (4 seats). At a game against Buffalo, there was a guy who bought a beer and pretty much refused to wear his mask. Every time security would approach, he would make like he was about to sip his beer. His mask game got old quickly. Not that everyone was upset about him not wearing his mask. It was more the case that we all had to wear ours and he was obviously flouting the rules. What you went through in United was obviously overkill. I argue with Gator about your situation way too often. For example, I only put a mask on outside when there are other people around. If going for a walk, she’ll wear hers the entire time.
Hmb, 3b, Lib, thanks.
Lib,
It’ ain’t like Judge Judy is it? If there is one thing I have determined about the system, it is that it is extremely dysfunctional.
Like you wrote, the irony is that those it’s supposed to protect it destroys.
And let’s be honest. We just watched a whole March Madness tournament where people were constantly on camera displayed nationally pulling their mask down and screaming.
Jerome Powell
The US federal budget is on an unsustainable path, meaning simply that the debt is growing meaningfully faster than the economy. And that’s by definition unsustainable over time. It’s a different thing to say the current level of the debt is unsustainable. It’s not. The current level of debt is very sustainable. And there’s no question of our ability to service and issue that debt for the foreseeable future.”
Powell said the US government will eventually have to “get back to a sustainable path.”
That is something that is best done in very good times when the economy is at full employment and when taxes are rolling in. This is not the time to prioritize than concern. But it is nonetheless an important concern that we will ultimately have to return to again when the economy is strong.”
What about 2010 to 2019? Was that a good time to address the concern?
“God, I wanted to just disassemble her verbally, I would have enjoyed that. But I want to see my kid more…….”
Smart move, you would have lost that battle. It’s where we are today.
“Probably the last line of business I would enter as the tail risk (reputationally, financially) is massive.”
This and the restaurant business. But this is worse. One MamaBearKaren….
USA is coming unglued. Totally.
Legal Weed….just in time.
Left,
Don’t underestimate the feeling of power as well as chip on shoulder that lots of lower paid workers have now. There is no rational. It is akin to ‘Stanford prison’ mentality. Just give people authority….
24 hours since my second Pfizer shot. Seems my strategy of over hydration, zinc and vitamin d supplements is working. I don’t think I can do a long bike ride today however. I feel somewhat mildly tired but I am not laid up like many people have been after the second shot, no other symptoms to report even the injection site is only a tad bit sore.
I was just lethargic, but worked. I didn’t do anything to prepare for shot. Moderna.
BRT,
Here is Oz Powell’s role. There will never be a good time. He will be a future villain. A compromised idiot with zero backbone. The biggest snowflakes are at Fed and Wall St. No risk, no harm to anyone..
https://youtu.be/NuAKnbIr6TE
I feel somewhat mildly tired but I am not laid up like many people have been after the second shot, no other symptoms to report even the injection site is only a tad bit sore.
Moderna second shot for me was mild fever, some aches and soreness, and just generally a bit tired. It would have been great to sit on the couch all day, but I didn’t need to.
I just got the 2nd Moderna shot. I’m planning on milking it and binge watching tv tomorrow so everyone else at home has to do meal prep and cleaning the kitchen
My body was really sore from the second Pfizer shot. Other than that, good to go.
That’s the way you do it..
https://www.youtube.com/watch?v=lAD6Obi7Cag
Hold my beer says:
April 16, 2021 at 1:19 pm
I just got the 2nd Moderna shot. I’m planning on milking it and binge watching tv tomorrow so everyone else at home has to do meal prep and cleaning the kitchen
lol Lib, did you say 5x? Didn’t you mean 10x? To da moon!
Even the wildlife is crazy now.
https://www.reddit.com/r/PublicFreakout/comments/mrmnj1/bobcat_attacks_women_and_the_husband_yeets_it_15/?utm_source=share&utm_medium=web2x&context=3
Haha, he chucked the bobcat like 15 feet.
Florida ‘anti-riot’ bill goes to governor amid racial strife
https://apnews.com/article/race-and-ethnicity-legislature-florida-ron-desantis-death-of-george-floyd-ed554b00260af498fa30ca4b534fb643
This comment is a paradox. It is bad, but it is so stunningly witty.
Libturd says:
April 15, 2021 at 1:02 pm
Come on Leftwing, if you want to invest somewhere between Shtupcoin and Buttcoin, the only option is Pereneum.
The only answer is Shtupcoin, Bbuttcoin & Perineum need to be stored on the platform Groinbase, which is now publicly traded OTC with ticker: GROIN
I nearly died after my first Pfizer shot. I didn’t have any side effects after the second one, not even the sore arm. Go figure.
Is anyone aware of a charity that will take furniture? Would like to check before calling 800 Got Junk.
3b
Salvation Army does. It might take a few weeks for them to come get it. You can register at satruck.org
Hold: Thank you.
Can confirm. We are liquidating out space in Englewood Cliffs and I understand we have an appointment with the salvation army to pick up furniture.
Nice doji at above average volume today, make it stop already.
Fcuk the Salvation Army. I do not agree with their mission
Inflation and lumber . . .
I purchased some oak flooring today. Price was $3.50 per square foot. A few months ago, it was $2.50. Supply house is totally out of stock and not sure when they will receive the next shipment from the mill.
I suppose this is just a derivative of a hot housing market, but this is the biggest inflation indication yet that has slapped me across the face. Long crypto and gold?
Anyone in the flipping, apartment rental or construction business know of a good flooring supply house in North NJ? I didn’t shop around too much when it was $2.50/square foot, but this is probably a good time to look around.
Crushed
I read an article this week that said there are supply chain issues in lumber. The saw mills cut back production thinking covid would slow business. The opposite happened and it will take a year for supply to catch up to demand.
The intertwining of the economy and climate change promises to shape global politics and society for the foreseeable future. “This is going to be the topic that dominates everything,” says John Podesta, the longtime political operative who served in both the Clinton and Obama administrations. “The effects on the natural world that result from climate change are going to be central to both the political conversation and how we organize ourselves as a society for at least the next 30 years.”
https://apple.news/AWl5BC45IRQKCI04LCACfMQ
Crushed,
You once asked why if I’m such a proponent of real estate, have I not acted on it. Answer:
I am overweight with real estate and at the same time, I value the stock market over real estate; esp disruptive innovation. That’s where I want my money over the next decade.
I might be able to leverage my house in this market. Might downsize to a nice flat lot with a pool on my sister’s street in Wayne. Sell mine into the market. Redfin has me as 749 right now. Will see. My wife is happy with our house and loves a center hall colonial. This house would not be CHC, but it has a paver driveway with some hardy siding. I’ll take the lower costs, but have to keep the wife happy.
My sister would live two houses down, and my brother would live really close too. So that’s the only reason for us to downsize when we could upsize if we wanted too. I have an only child, so would be a major benefit to my child to have her cousins close by.
Just feel like this is the “right place, right time” deal with disruptive tech. So much change going on, I just want my piece of the pie.
Cathie bought into two ipo’s over the past couple days I like a lot. I don’t have to pay attention, I trust her moves. Funds might slide sideways for a year or two, but when these new eggs hatch, man, it all pays off. That’s why you have to play it five years or out. Anything you are buying after the big run is simply cheapies as you wait for the next cycle to run.
Drove past old Roche complex on Nutley side; wow, feel like I’m in the future. Did a nice job with that complex.
Rt 46/3 construction looks wild. Can’t wait.
Bottleneck is now going to take place at 46/80/23. That will be the next project.
2nd moderna shot, had some brief chills that night, didn’t sleep well, a bit groggy next day, and had more muscle aches and soreness than usual for the next several days. But nothing special at the shot location.
Day two of my second Pfizer shot, feeling great this morning. I am no longer tired, injection site barely sore now. I am off to two soccer matches this morning for my boys. They are as excited as me about things getting back to normal. There will only be a few people wearing masks even though the rules say the spectators need to keep them on at all times. I make it a point to sit away from everyone anyway.
re: former Hoffmann-La Roche headquarters. My sister-in-law’s Phama company Eisai
is slated to move there. They are all still working from home! I would gather most would rather be in Woodcliff Lake office instead of Nutley. Who wants to deal with the traffic headed to Rt 3 ever morning?
Wow, they are finally getting it. This isn’t a short term issue. These prices are going to go higher and higher for at least half the decade at a minimum. 2008 housing bust was more an anomaly than the norm. The old mindset that real estate is a rock hard asset that won’t go down is here to stay. 2008 busted because of bad lending, this current market is nothing like that speculative market in the early 2000s.
“Higher home prices are here to stay, at least for the next couple of years, experts say. The coronavirus pandemic helped push home prices higher, but it isn’t the only factor responsible for the market shift. The number of homes listed for sale is at a historic low, meaning that supply is tight. Meanwhile, demand has increased because of historically low mortgage interest rates and because a large contingent of millennials is looking to buy their first homes.
Home prices in the New York-Jersey City-White Plains NY-NJ Metropolitan Division, which includes Passaic County, were up 11.3 percent for January 2021 compared with January 2020, according to the CoreLogic Case-Shiller Index, an oft-quoted measure of price movements over time.”
https://patch.com/new-jersey/wayne/wayne-area-home-prices-past-year?utm_term=article-slot-1&utm_source=newsletter-daily&utm_medium=email&utm_campaign=newsletter
Campus is sweet. I’m impressed.
And you can get great booze just a minute or two away.
And you can get great booze just a minute or two away.
And live bands, too? :)
Wayne girls are easy.
Was your wife from Wayne? :)
ExEssex says:
April 17, 2021 at 11:14 am
Wayne girls are easy.
Had 5 yards of mulch delivered today…could use some of that good booze right now on the ice.
6:59 no but before I met my wife I “dated” a chick from
Wayne….
Love my mulch. Enjoy Pumps not thing better than home ownership and taking care of you and yours.. My property is sloped too. Fun times for me those wheel barrows up the hill, this year will be fun too as I have time…
Juice my property probably rises 50m or so, I describe my driveway as a ski slope. The mulching exercise is not a fun one. Landscaping is my least favorite DIY activity, I’d rather fix plumbing or electrical, paint, even work on a car. I hate being hot and I hate bugs so it is definitely my least favorite home owner activity.
The end is nigh. Pumps made me laugh.
So far 2nd dose side effects were milder than the first dose of Moderna. First dose I was tired for two days plus had a sore arm. This round sore arm. About 22 hours after the dose I felt like I was coming down with something for a couple of hours but that went away. About 26 hours after dose I felt mild occasional chills for an hour or 2.
Pumps is very funny when his meds are adjusted.