Updated Vaccination by Age Range for NJ:
5/8 vs 5/13
At Least 1 Dose
Total Pop: 9.2m
Total 1st Doses: 4.5m – 49% of total pop (Up from 48%) – Bloomberg reporting 55%
16-17 – 240k population – 45k dosed – 19% 1 Dose (Up from 18%)
18-29 – 1.5m population – 495k dosed – 33% 1 Dose (Up from 32%)
30-49 – 2.4m population – 1.2m dosed – 50% 1 Dose (Flat from 50%)
50-64 – 2m population – 1.3m dosed – 65% 1 Dose (Flat from 65%)
65-79 – 1.1m population – 1.1m dosed – 100% 1 Dose (Flat from 100%)
80+ – 415k population – 360k dosed – 87% 1 Dose (Up from 85%)
Looks like Beer and a Shot didn’t really move the needle. Maybe Murphy should have went with Joint and a Shot?
Beer and free public pension?
$1 million and college scholarships: DeWine announces incentives for Ohioans to receive COVID-19 vaccine
https://www.10tv.com/article/news/health/coronavirus/vaccine/1-million-and-college-scholarships-dewine-announces-incentives-for-ohioans-to-receive-covid-19-vaccine/530-4523a0ff-53d6-475e-9e19-eefa69ab8694
If they tied unemployment payments to it, they would line up like it was a chicken sandwich from chick fil a.
I spoke to a young woman yesterday at the pool store, she said she already had Covid and is now immune and will not be getting the shot. Makes sense, however the CDC Director did say this week immune response is stronger with the vaccine, not sure how they can even measure that in a study.
Pop goes the commodity bubble. Don’t be scared of the inflation headlines when it comes to investing long term.
https://markets.businessinsider.com/news/stocks/lumber-price-futures-spot-fall-fifth-straight-day-commodity-price-2021-5-1030431651
Cathie f’ing wood!! Nailed it on her call this past Tuesday.
“Rising commodity prices have led some to fear the potential impact of inflation, but with lumber prices coming back to earth, Fed chair Jerome Powell’s comments about “transitory” inflation have gained some support.”
Juice, the idea that spike protein coding being more effective than exposure to the entire virus is ludicrous. You can’t knowore physics than the teacher just reading Chapter 1. Besides, they don’t even have the data to statistically prove that.
Btw the CDC director is an ignorant political hack. She was literally crying on tv 6 weeks ago with her impending bad feelings of doom.
Doesn’t matter if you’re fully vaxed here in the Democratic State of the People’s Republic of New Jersey, the face diaper is to be worn until the soviet allows it to be removed.
Eddie,
Which politician was responsible for 9/11?
joyce,
I have no idea. You tell me.
Zero people wearing make today at soccer. Last week it was maybe 50%, kids supposed to wear them getting on and off field. I have been here since 7:30 am there are a thousand kids in this league too. I expect the same tomorrow. I heard several parents planning big graduation parties too.
Juice,
Take pictures and turn them in. I doubt they’re all vaxed and Murphy will order arrests. We have s0c1al protocols to follow and severe penalties will be dished out. Too bad we don’t have flogging punishments, that’ll learn ’em!
Why are you so confident assigning blame immediately when it comes to recent events?
Fast Eddie says:
May 15, 2021 at 11:23 am
joyce,
I have no idea. You tell me.
joyce,
Why are you so confident assigning blame immediately when it comes to recent events?
I learned it from watching the democrats. ;) But to your point, Murphy stated it would be a matter of weeks before the obedience mask can be removed. I’m just a messenger.
Masks
Pipeline
Middle East
Serious question, doesn’t it get a little tiring to troll political comments?
You forgot the humanitarian crisis at the border O’Biden is trying to sweep under the rug. The media is doing their best to cover for him.
Covid is over from a practical standpoint for the foreseeable future. Get out and enjoy.
Phil Murphy got more people killed per capita than any other leftist politician. He also
Crippled the state economy needlessly. Now he wants us to follow his advice, sure whatever you say. The only people still clinging to it are control freaks and collectivists.
Joyce,
It is not tiring for him because he’s a degenerate ADHD speed junkie (Ritalin and Adderall are speed under a different name).
Questions I have for Eddie are; during your manic period of searching and learning maps did you find your dear leader home lair? Did you find any of those hispanic children fake vote ballots in Texas? Find any of your dear leader’s fraud evidence?
Eddie, think of yourself carrying extra 23 liters of fluid in your already bloated fat ass body. All that fluid seeping into the interstitial space of your body and its organ, making homeostasis impossible. That is what awaits your fervent red hat wearing geezer draft dodging traitor boomers that don’t vaccinate or wear a mask.
Frankly, I don’t care about another traitor boomer. But unfortunately, I got to pay for it to keep that waste of human tissue to keep then going. I don’t like to keep the boomers going nor pay for them. Just like you don’t like anyone that what not part of the h1tl3r youth.
Amazing that Cuomo and Murphy, the trust the science preachers are now skeptical only they in their great wisdom can determine when the masks can be dispensed with. Again, the hypocrisy of some of the Democrats is astounding.
Oh, and don’t forget the hyper inflation thundering down the tracks. I think O’Biden needs to raise taxes sooner rather than later to get that (ahem… ) infrastructure bill passed. And remember; paid leave, l1beral studies and funding for the arts is infrastructure.
“Poor kids are just as bright and just as talented as white kids.”
“Let’s do push-ups together, man, let’s run, let’s do whatever you want to do. Let’s take an IQ test, all right?”
“You’re a lying dog-faced pony soldier.”
“Well I’m telling you, if you have a problem figuring out whether you’re for me or Trump, then you ain’t black.”
“You cannot go to a 7-Eleven or a Dunkin’ Donuts unless you have a slight Indian accent. And I’m not joking,” he added with a grin.
“I mean, you’ve got the first sort of mainstream African American who is articulate and bright and clean,” Biden said of then-Sen. Barack Obama as both campaigned ahead of the 2008 primaries. “That’s a storybook, man.”
ViacomCBS said Friday that former CBS CEO Les Moonves will not get his $120 million severance package from his firing in 2018, ending a long-running dispute over the money.
Moonves was ousted in 2018 after a company investigation into allegations of sexual misconduct spanning three decades found Moonves violated company policy and did not cooperate with the investigation.
But Moonves challenged the decision and his $120 million severance was set aside until the matter could be resolved.
On Friday, New York-based ViacomCBS said in a filing with the Securities and Exchange Commission that the matter had been resolved, the arbitration dismissed, and the $120 million would be going back to ViacomCBS in its entirety. It give no further details.
You are an adorable fool Pumpkin. My job is 100% client facing, nation wide, finance industry. Pre-Covid I went to NYC for meetings, I would literally never commute to NYC just to sit in my office. What a waste of time.
I do need to be near an airport but near NYC? Unnecessary.
You are caught in this trap of thinking that the only way to be successful is to be in a major metro area.
Air travel, Fiber optic internet and now COVID have sealed the fate of major urban metropolis dominance. NJ is resilient, it may thrive in the future, but it MUST re-invent itself to draw talent that is no longer tethered to NYC.
The back office folks are being outsourced to cheaper areas, the rain-makers see the writing on the wall. Like I said, I love NJ. But is it $150 per day better than say Dallas, Nashville, or Florida?
Again – this is not a question of math, over the next 20 years it will cost me more than $1.5 million to live in NJ compared to a zero income tax state. That is real money. It’s my money, not some cop on a pension after 20 years now doubling as a county commissioner and not some teacher like yourself. I paid into this state for a decade already. You got your pound of flesh out of me, good luck trying to collect that pension when you retire and there are no high income earners left in the state. Oh I forgot, Cathie Wood is going to turn you into a billionaire.
“That is real money. It’s my money, not some cop on a pension after 20 years now doubling as a county commissioner and not some teacher like yourself. I paid into this state for a decade already. You got your pound of flesh out of me…”
I like you.
Masks – They were feeling out how ridiculous they could get with the masks, using Fauci as a proxy for their feeling out of sentiment. First it was 2 masks, then it was everyone should wear masks, even if vaccinated, now it’s everyone who’s vaccinated can take them off.
Pipeline – Well, this most recent debacle has nothing to do with Biden, but it’s just another punch in the gut when prices go up. He did shutdown a major pipeline being constructed though and he’s consistently talked about how he wants impose his will on the fossil fuel industry.
Middle East – As Chi said, the timing of this whole middle east debacle isn’t coincidental. We basically enjoyed the most peaceful 4 years in the middle east under Trump. We can argue policy and reasons all we want, but that’s a fact.
You got your pound of flesh out of me…”
More than a pound.
Methinks you are a bit generous.
Trip I hear you income tax time is always painful. The issue is zero tax states aren’t all that plentiful and the reality is 41 of 50 states have some kind of income taxes. The crooks running these states realize practically speaking most people are somehow tethered to a location either by business, family or community. NJ is particularly punitive for those making over 500k per year. If you are not dependent on NJ/NY for your income you are lucky. Yes you can make money anywhere but you need to be close to the customer in most businesses, places like NYC are huge markets or the market. I know lots of people with business that is in many markets but the most lucrative is usually NYC Metro, CA, Chicago etc. big metropolitan markets with high population density. Make no mistake the blood suckers know where is best to grift, they latch onto the host and suck it dry. DC is the ultimate grift as we all send massive amounts of our money there and there entire economy is built on “our money”.
Sounds like fun.
“When Marjorie Crosbie drove to pick up her daughter from an after-school program on a recent afternoon, the 10-mile round trip from her home in a suburb of Tampa, Fla., took 45 minutes—twice as long as it used to.”
https://apple.news/AiiNEkzd7TUC6KeX2r4suOQ
“Like I said, I love NJ. But is it $150 per day better than say Dallas, Nashville, or Florida?”
No, this economic system paid you over the last decade. Don’t get it twisted. And don’t fall into that mindless devoid that the cops and teachers aren’t a part of the equation in helping you make money. Cops made the area super safe and teachers give you a top education system, don’t think for a second that those things took money out of your pocket as opposed to putting money in your pocket. You have it all backwards. Understand the big picture, or continue to think you are better off at making money in some other location besides NYC metro. Very few are better off making money in another market. FACTS.
“It’s my money, not some cop on a pension after 20 years now doubling as a county commissioner and not some teacher like yourself. I paid into this state for a decade already.”
Could you imagine someone telling you that they are better off in Florida or Nashville as opposed to London? So why do people do it to the NYC metro area? I don’t get it.
“Air travel, Fiber optic internet and now COVID have sealed the fate of major urban metropolis dominance. NJ is resilient, it may thrive in the future, but it MUST re-invent itself to draw talent that is no longer tethered to NYC.
The back office folks are being outsourced to cheaper areas, the rain-makers see the writing on the wall. Like I said, I love NJ. But is it $150 per day better than say Dallas, Nashville, or Florida?”
Also, understand places like Dallas, Nashville, and Florida no longer have any cheap real estate. That was the one way you made out on NYC metro. Well, it’s no longer significantly cheaper. The only thing it has is cheaper income taxes that come with CHEAPER INCOME. The days of getting 50% to 75% cheaper housing are gone…thank the boomers for that one. They all retired and drove up the pricing in cheap locations like lemmings.
“Cops made the area super safe ”
They didn’t do me no effin’ favors.
So what’s the deal with doofus responding to someone and then again 8 minutes later and then again 8 minutes later and then again. He’s a child that can’t sit still.
Classic…an observable phenomenon denied by affirmative statement with no support….
My personal two cents for the younger crowd….
Each example resides in a (different) city regularly ranked among ‘most livable’ on the order of a San Antonio or Boulder (is neither)…Both moved from NYC metro area.
Son, relatively recent graduate, good paying profession. Took less than a 20% haircut from salary offered in SF/NY. Has his own one-bedroom apartment in a brand new building in the equivalent of the UES. Downtown area, ground zero of young residents. Three blocks to one major city landmark one direction, five blocks to another. His own dedicated indoor parking, purchased a brand new jeep. Saves minimum 10% of salary.
Niece/husband. A bit older, just passed mid-20s age. Coming up on second wedding anniversary. Reasonable paying jobs, she in healthcare, he in sales. Not much of an income gap compared to NYC. Purchased after marriage a townhome…smallish, nothing extravagant, but their own and in one of the better city neighborhoods, four block walk to one of the main commercial/entertainment districts.
Each of their quality of life is off the chart from what they would have had in one of the established major metros.
Financially, even the most dense among us understands wealth begins with what you keep, not what you earn, supplemented by compounding and home equity. Each of them has started years – in some cases it will be many years – earlier than their peers toward that goal. And, best of all, given their chosen professions there are few impediments to moving back to major metro if they desire without having lost professional ground.
Win-win.
I did the “split the 2BR among four guys by hanging sheets in the common area” NYC scene right out school that my son’s peer group is currently living. That was while employed in a profession at the top of the compensation chain for my age group.
These kids that move on their own terms are much smarter.
“So what’s the deal with doofus responding to someone and then again 8 minutes later and then again 8 minutes later and then again. He’s a child that can’t sit still.”
It gets better. Not sure how long you’ve been around here but more than once I’ve seen him do that, quote one of his posts, and respond to his own quote.
Don’t argue with a bedlamite.
I learned that word this week watching sharpe on Brit box.
Nice. Definitely had to google that one.
The Real Estate, Economics, Politics, and Language blog, lol
You guys are a prime example of everything I talk about.
If taxes are too high and these other locations are so much better, wtf are you still here? Says a lot. Your words can say whatever, but your actions are what matter.
Yes, sure they are. Your bias is strong. So only the idiots are moving or staying in NYC…got it.
“These kids that move on their own terms are much smarter.”
My family did it, therefore, it’s a smart move. Just tell the truth..bias is strong with you.
“Each example resides in a (different) city regularly ranked among ‘most livable’ on the order of a San Antonio or Boulder (is neither)…Both moved from NYC metro area.
Son, relatively recent graduate, good paying profession. Took less than a 20% haircut from salary offered in SF/NY. Has his own one-bedroom apartment in a brand new building in the equivalent of the UES. Downtown area, ground zero of young residents. Three blocks to one major city landmark one direction, five blocks to another. His own dedicated indoor parking, purchased a brand new jeep. Saves minimum 10% of salary.
Niece/husband. A bit older, just passed mid-20s age. Coming up on second wedding anniversary. Reasonable paying jobs, she in healthcare, he in sales. Not much of an income gap compared to NYC. Purchased after marriage a townhome…smallish, nothing extravagant, but their own and in one of the better city neighborhoods, four block walk to one of the main commercial/entertainment districts.”
Yes, and what region produces the most millionaires from nothing? Sf metro or nyc metro…how can this be based on what you state below?
“Financially, even the most dense among us understands wealth begins with what you keep, not what you earn, supplemented by compounding and home equity. Each of them has started years – in some cases it will be many years – earlier than their peers toward that goal. And, best of all, given their chosen professions there are few impediments to moving back to major metro if they desire without having lost professional ground.”
North jersey is minting millionaires, but you act like the location is holding people back from becoming wealthy.
LOL, pumpkinface, three and counting. In three minutes. Someone should do a scattergram…may be the key to unlocking his sociopathies. A reverse Rorschach….
For dumbass, no, I offered personal observations clearly noted as such and could reiterate all the macro support that you continue to dispute with all the intellectual rigor of Opie on Family Guy…go back to howling at the moon and leave me out of your direct posts, fool.
If taxes are too high and these other locations are so much better, wtf are you still here?
Cause no judge will let me take my kid out of this hell hole unless I want to be on all of your phones on an Amber Alert.
LOL, pumpkinface, three and counting. In three minutes. Someone should do a scattergram…may be the key to unlocking his soci0pathies. A reverse R0rschach….
For dumbass, no, I offered personal observations clearly noted as such and could reiterate all the macro support that you continue to dispute with all the intellectual rigor of 0pie on Family Guy…go back to howling at the moon and leave me out of your direct posts, fool.
LOL, pumpkinface, three and counting. In three minutes. Someone should do a scattergram…may be the key to unlocking his soci0pathies. A reverse R0rschach….
For dumbass, no, I offered personal observations clearly noted as such and could reiterate all the macr0 support that you continue to dispute with all the intellectual rig0r of 0pie on Family Guy…go back to h0wling at the m00n and leave me out of your direct posts, f00l.
LOL, pumpkinface, three and counting. In three minutes. Someone should do a scattergram…may be the key to unlocking his soci0pathies. A reverse R0rschach….
LOL, pumpkinface, three and counting. In three minutes. Someone should plot them on time-frequency axes…may be the key to unlocking his soci0pathies. A reverse R0rschach….
For dumbass, no, I offered personal observations clearly noted as such and could reiterate all the macr0 support that you continue to dispute with all the intellectual rig0r of 0pie on Family Guy…go back to h0wling at the m00n and leave me out of your direct posts, f00l.
Ooops….five in six minutes consecutively, he snuck another two through as I typed….
That convinced me. NJ is the best because Florida has rush hour traffic and NJ does not.
The Great Pumpkin says:
May 16, 2021 at 9:15 am
Sounds like fun.
“When Marjorie Crosbie drove to pick up her daughter from an after-school program on a recent afternoon, the 10-mile round trip from her home in a suburb of Tampa, Fla., took 45 minutes—twice as long as it used to.”
https://apple.news/AiiNEkzd7TUC6KeX2r4suOQ
“Like I said, I love NJ. But is it $150 per day better than say Dallas, Nashville, or Florida?
It’s funny, you all claim to be living a good life. Somehow you did this in the NYC metro area. Somehow you did this in nj…wow. How can it be? It’s such a bad place to make grow your wealth..
PumpkinFace says:
May 16, 2021 at 11:41 am
That convinced me. NJ is the best because Florida has rush hour traffic and NJ does not.
And I posted that Florida article to show you how bad these places have become due to population growth.
A suburb in Tampa takes 45 min for a 10 mile round trip, double what it was from the past…and this is not even a major metro location. Pass. No thanks.
You know how you have lefty stumped…when he resorts to attacking the individual rather than the argument. Go ahead, double down that the quality of life in Denver is better than anything in the nyc metro market. Go for it. Nyc is such a terrible place to be.
leftwing says:
May 16, 2021 at 11:03 am
LOL, pumpkinface, three and counting. In three minutes. Someone should plot them on time-frequency axes…may be the key to unlocking his soci0pathies. A reverse R0rschach….
For dumbass, no, I offered personal observations clearly noted as such and could reiterate all the macr0 support that you continue to dispute with all the intellectual rig0r of 0pie on Family Guy…go back to h0wling at the m00n and leave me out of your direct posts, f00l.
Objective measures have shown me to be smarter than average. I would not profess any further level of intellect…I have had the privilege over time of meeting some truly intelligent individuals and I am not one of them.
I have also learned over time to not use absolutes like ‘never’ or ‘always’……
However, having said that……..I can absolutely, definitively state with zero chance of being wrong that never in the time we co-habit this Earth nor in any alternate universe that may exist will you ever ‘stump’ me, or most other people here.
You are an idiot, in the most basic definition of that term.
The article was about how busy traffic times have shifted due to the pandemic. Pandemic. FACTS
The article also mentioned this: “On the other hand, highways remain less congested than before the pandemic. He says his commute to and from his downtown Tampa office usually takes 30 to 40 minutes, whereas an hour used to be common. In the morning, he reliably snags a first-level spot in the garage near his office.”
You nailed it again … Crack!
I have made incredible calls on this blog. Called the economy and housing market 8 years out…drop the mic.
So if that makes me an idiot, so be it.
“You are an idiot, in the most basic definition of that term.”
Pumpkinface,
There seems to be lots of traffic at the times people are “using” it. So what if it changed at what time they are using it, point is, the infrastructure can’t handle the population growth when said population is using it.
I don’t see the same thing happening here in nj during the pandemic..
In your world, every single article, data point and comment – regardless of what the actual content is – confirms what you want it to. I don’t know how you tie your shoes.
The decision of where to live needs to be taken on a case by case basis, a good amount of young people as left points out have moved to Nashville and other cities like it. NYC is a hard place to live and the young certainly do not want live in the suburbs and spend their life commuting. So when a decent apartment starts at around 3k on the low end, you need to make a good salary to afford NYC, add in increased taxes(state, city, etc) and higher costs for practically everything unless you are getting a great salary the truth is life will be better in a secondary market. Entry level jobs for new grads in NYC are fewer and fewer and pay less and less, while costs have gone nothing but up and quality of life in NYC has slipped under Deblasio.
Yup, do not be scared of this inflation talk currently going around the headlines. Low interest rates are here to stay.
KEY POINTS
-Slowing population growth across the globe could drag real interest rates lower, new research from JP Morgan shows.
-Demographics are weighing heavy on interest rates in a trend that is set to continue, Jesse Edgerton, a senior economist and author of the report, told CNBC.
-The shifting interest rate outlook has implications not only for savings and bonds, but also for equities and real estate, he said.
https://www.cnbc.com/2021/05/14/jp-morgan-slow-population-growth-leading-to-lower-real-interest-rates.html
“The slowdown in population growth, which we’ve been seeing for decades in both developed and emerging markets, is a reason to expect lower real interest rates,” Edgerton told “Street Signs Asia” Thursday.
His evidence? “The history of economic development, really,” he said.
Interest rates on the decline in developed nations
Japan, Europe and the U.S. have all experienced declining real interest rates in recent decades, as birth rates and gross domestic product (GDP) have fallen, and life expectancy rates have risen in tandem.
China is now “fairly far down that path,” said Edgerton, referring to its slowing birth rate and aging population.
Emerging markets — where population growth remains higher — can expect to follow suit as they develop over time, he added.
That’s because money is not being put to work in the same way, driving down returns and interest rates, said Edgerton.
“Slow population growth essentially means that there’s excess capital in the world. There’s excess money searching for yield. And all that money that people are trying to save — it’s going to push down interest rates, it’s going to push down returns on capital,” he said.
“I do think we should expect higher PE ratios to be the new normal in this world of lower population growth,” he noted.
And while a declining population growth is not necessarily a bad thing overall, said Edgerton, it does mean saving for retirement could become even more elusive moving forward.
“If you’re living in a world with lower population growth, you should expect to earn lower returns on your assets when you’re saving for retirement. You might be needing to set aside more,” he said.
Absolutely.
That’s why I defend the nyc metro area. For those that take advantage of the economic opportunities presented in this area, it’s a great place to live. Is it for everyone? No.
But don’t sit here and bash the place…painting a picture that it’s only going downhill and that only an idiot would live here because that’s not true. NYC metro has so much to offer and it’s amazing how blind some people are to it.
At the end of the day, most people that leave the nyc metro area fall into two categories:
1. Retirees looking to lower their cost of living
2. People who are having a very difficult time in this economic market, and are looking for an easier place to make it. They are not looking for top money, but instead want to stretch their limited dollars for what they view is a better quality of life. Nyc metro is a brutal and unforgiving market. It’s highly competitive.. aka lots of successful people driving up the cost of everything. If you are losing, you are getting beat up.
JCer says:
May 16, 2021 at 6:01 pm
The decision of where to live needs to be taken on a case by case basis, a good amount of young people as left points out have moved to Nashville and other cities like it.
Some people thrive in the big leagues, and some need to work on their craft in the minor league.
I know a bunch of folks in flyover country and they live well. Perhaps the bitter truth is that New Jersey represents to “top” of the pyramid in public employee benefits. The difference is the weather people. Follow the sun. Been the trend for years.
Only the diehards stay.
EZ,
Look at the price of real estate on the NJ coast, or better yet, and coastal property that lives off NYC metro economy. Use that as a barometer of the kind of money being made in this nyc metro economy. Nyc metro economy represents the “top” of the American capitalist pyramid.
“New York City (NYC), often simply called New York, is the most populous city in the United States. With an estimated 2019 population of 8,336,817 distributed over about 302.6 square miles (784 km2), New York City is also the most densely populated major city in the United States.[11] Located at the southern tip of the State of New York, the city is the center of the New York metropolitan area, the largest metropolitan area in the world by urban landmass.[12] With almost 20 million people in its metropolitan statistical area and approximately 23 million in its combined statistical area, it is one of the world’s most populous megacities. New York City has been described as the cultural, financial, and media capital of the world, significantly influencing commerce,[13] entertainment, research, technology, education, politics, tourism, art, fashion, and sports, and is the most photographed city in the world.[14] Home to the headquarters of the United Nations,[15] New York is an important center for international diplomacy,[16][17] and has sometimes been called the capital of the world.[18][19]”
Look at how efficient it is at making money…
“The economy of New York City encompasses the largest municipal and regional economy in the United States. Anchored by Wall Street in Lower Manhattan, New York City has been characterized as the world’s premier financial center.[1][2][3][4] It is home to the New York Stock Exchange (NYSE) and NASDAQ, the world’s two largest stock exchanges by both market capitalization and trading activity. In 2012, the New York metropolitan area generated a gross metropolitan product (GMP) of over US$1.33 trillion with a population of 20.3 million people. The Combined Statistical Area[5] produced a GMP of over US$1.55 trillion. Both are ranked first nationally by a wide margin and being roughly equivalent to the GDP of South Korea at less than half its population.[6] The city’s economy accounts for most of the economic activity in both the states of New York and New Jersey.[7]”
“I have made incredible calls on this blog. Called the economy and housing market 8 years out…drop the mic.”
“So if that makes me an idiot, so be it.”
Your ‘prediction’ had a 98% probability of occurring based on historical results. Thinking that is an ‘incredible call’ makes you obtuse.
Continuous public trumpeting of your ‘prediction’ as an ‘incredible call’ while fully aware of its probability is what makes you an idiot.
“Some people thrive in the big leagues, and some need to work on their craft in the minor league.”
God, you are like a bad auto accident on the side of the highway. You know it’s ugly but you just can’t avoid looking….
Since you decided to attach obnoxiousness to your comments, what the hell I’ll slow down for a rubberneck…
You do understand, dumbass, your fast lane major league compensation is in the public record?
So I took a glance….my recent graduate, less than one year in his first job, in a flyover city is earning more than you. Right now. As we sit here. In real life. Hard factual dollars.
Who’s the piker?
Minor leagues? You’re emptying the players’ spittoon and laundering jock straps in A league ball……
Go away.
NY has some terrific schools, museums, & places to eat.
Would I want to live there ? Nope. Not unless I had a lot of money.
If anything NJ “thinks” they are New York.
They substitute the exorbitant monthly maintenance
fees that co-ops charge for insane property taxes.
It’s a losing game.
Is there any noticeable difference between 400mbps internet speed and going up to fiber optic with 940 mbps for typical family household? We cut the cord and stream everything and have 2 gamers. We just went from 200 to 400mbps and noticed a big difference working and surfing online and I was wondering if it’s worth the extra $40 a month and a one time $200 fee to go up to 940mbps on fiberoptic.
Will he get to keep his pension? Can he get off claiming ptsd or he was just method copping?
https://nypost.com/2021/05/16/nj-cop-busted-for-running-meth-lab-out-of-home/
11:02 Fiber uploads AND downloads faster.
left, pumps doesn’t get it, just because you are in flyover country doesn’t necessarily mean you are making less money. My wife has lots of family in flyover country and there are a lot of very rich people in these places and they do live better on that income than we do out here. Pumps would be shocked to see what lake houses in the Midwest go for and just how much money some of these farmers have. What would shock pumps is farmers in NY on the whole are much poorer than the midwest farmers, the economics work better and the governments are tend to better than NY’s. There are certainly different economic opportunities all over the world, NYC metro with it’s huge population and density does make it a good market for many things.
There’s a certain irony of someone talking of the “Big Leagues” who lives in NJ, no one considers NJ the big leagues it’s value arbitrage so you can access the NYC market at a lower cost. Also that someone is pushing Jersey so hard who actually works a job he could do anywhere for a relatively similar salary is kind of pathetic. Before this pandemic things were pretty slow in the suburbs, as the burbs were depending on corporate workers and midlevel execs who are largely being shifted to lower cost areas. My house was cheaper in NJ than it would be in Minneapolis and that has everything to do with egregious taxes.
To be honest, Pumpkin is accurate in stating that the NYC/Northern NJ area is top tier in almost every category. This area has been proclaimed dead or deemed past its prime many times over the years and always bounced back. Historically, pumpkin is accurate. Whether the migration to another area of the country and the ability to work remotely results in top tier status for another metro remains to be seen. And I mean NYC level.
Yes, there’s anecdotal stories claiming this area/NYC dead but it does remain to be seen. If the housing market in the NY/NJ/CT area was any indicator, we’re not dead yet.
Fast, please do not fall into the fool’s trap of a ridiculous straw man argument. You’re too smart for that….
This whole thread started with trip discussing how high end client facing professionals can exit the metro area. Jcer weighed in with a point on how high end business owners may be tethered and that one needs to look at state tax rate differentials. I gave some anecdata on younger generations.
And then the fool hijacked the entire discussion with his usually bleating like a car alarm going off at 3 in the morning…….
NO ONE so far as I can tell has ever said on this blog that NYC is ‘dying’. That is the fool hijacking what could be productive and informative nuanced conversations with an extreme point. NO ONE so far as I can tell has ever disputed that NYC is a massive economic engine. Factually, it is. Yet the fool continues to hijack that conversation…JFC, he did two consecutive puke posts of wikipedia’s NYC entry…..Seriously?
I mean, really, is that why you open this website and hang around here? For that level of discourse?
And now he has you responding to his childish ‘arguments’.
He continuously brings this place down to the level of the Daily Mail’s comment section.
He “threatened” to leave more than a few times. Will he just fcuking finally go.
So, for anyone holding these stocks or this popular sector…
AT&T and Discovery merging their media assets…AT&T up pre-market, even after a good little run recently. ViacomCBS up as well…..
I own both AT&T and ViacomCBS. Both for what I felt were undervalued media assets. Thesis was Disney was overvalued and on a relative basis HBO and Paramount+ were undervalued.
Not sure what to do this morning. Initial reaction is dump both as why own AT&T ex- the full HBO and merged with a weaker asset…and now ViacomCBS is more challenged…
Weird deal. No auction or shop, and no shareholder votes required…..
Anyone else in these names or with a view? Lib, your neck of the woods?
No, people (including you) consistently bash NYC and North Jersey(which is really a part of the NYC metro economy). You and others take the position that only an idiot would live in the NYC metro, and the smart people move to some lower cost location like Nash, or Denver. I don’t make stuff up in my head, I read the constant bashing and assumptions of how people are much better off in other locations, which I constantly step in to defend the nyc metro area.
That’s the truth.
leftwing says:
May 17, 2021 at 7:35 am
Fast, please do not fall into the fool’s trap of a ridiculous straw man argument. You’re too smart for that….
This whole thread started with trip discussing how high end client facing professionals can exit the metro area. Jcer weighed in with a point on how high end business owners may be tethered and that one needs to look at state tax rate differentials. I gave some anecdata on younger generations.
NO ONE so far as I can tell has ever said on this blog that NYC is ‘dying’. That is the fool hijacking what could be productive and informative nuanced conversations with an extreme point. NO ONE so far as I can tell has ever disputed that NYC is a massive economic engine. Factually, it is. Yet the fool continues to hijack that conversation…JFC, he did two consecutive puke posts of wikipedia’s NYC entry…..Seriously?
I’ve been consistent in that the NYC/metro and surrounding areas have continually been chasing big businesses away from the state. Nearly the entire pharma industry ran out in 2008, and now slowly but surely, every company seems content to relocate. A state like Texas is very well aware that they just have to keep a certain set of economic conditions in place to continually suck every company out from under us. It’s been happening for a while and it seems to be accelerating. A lot of people in this state are in their 50s, just holding on and they’ll move out once they retire.
There is a large contingent of younger professionals that opted for other states like North Carolina. The most recent census overwhelmingly proves this. NYC is in a major pickle right now. NJ is the lucky beneficiary of outward migration from NY/Philly into the suburbs. Problem is, we are still strangling the state with misguided policy.
You guys act like NYC metro is the worst place to live and make a living. Truth is, you guys are die hard RED team. This is why you think like that. It goes against your political beliefs.
It’s funny, Grim is running a successful business in nj. My brother is running a successful business. Yet, let’s paint the picture as gloomy as we can because I play for team red. Look at BRT’s last post.
And that’s fine, you guys want what you want. You want a low tax area in exchange for sh!!y schools and no govt support system if things get bad. You want a govt that lets businesses do whatever they want.
Texas is going to be in major trouble. They sold themselves out to greed. They let the businesses do whatever they want. If you don’t think major problems are going to come from letting businesses do whatever they want and letting them off the hook on everything, I have a bridge to nowhere for sale. Give it some time..
Sad part, when the destructive practices of these businesses come to light, they will exit and leave Texas with the bill.
“A state like Texas is very well aware that they just have to keep a certain set of economic conditions in place to continually suck every company out from under us.”
House hunting for one of my kids. We hear an acquaintance is moving to Florida in the summer. Their house is a 3 bedroom, 1 bath on a postage stamp lot, needs new kitchen. Bought for $156,00 in 1996. Assessed for taxes at $ 388,000. Zestimate $457,000. House across the street sold for $355,000 last year. Gave them a call hoping they hadn’t listed with a realtor. They already had and are listing for $649,000!
HMB,
Was with Verizon at one point. Billing was absolutely horrendous.
This was a while back, it could be better now. But the service was great.
One thing they did that really didn’t matter I guess, but I just didn’t like it, was that when I tried it over cable they removed the POTS/Copper lines going to my house. So once you had it, you were never going back. Not saying you would want to, but it was there for years and I would have preferred it be left behind. No dice.
NJ Coast.
It’s greed.
Soon Wells Fargo will be selling 200 year mortgages. Life insurance required with them payable at death.
leftwing,
I’m not trying to feed his/her ego, just stating that this area was left for dead in the past and it remains to be seen whether NYC/NJ/CT reinvents itself in another. Just a thought.
Pumpkin, let me repeat, you are a fool.
Your idea of nuance is the dull side of a guillotine. You have no ability to hold a single thought in your head. Your level of reading comprehension is abysmal. You are incapable of a level of logic and analysis present in most middle schoolers. You constantly interrupt valuable conversations with your internet Tourettes.
You literally bring nothing of any remote value to this blog for me. Leave me out of your insane ramblings please.
Grim, is there ANY way to get an ignore button here? I’ll pay for it.
NJCoast,
They already had and are listing for $649,000!
If I may ask, approximately which area/town is this?
https://tinyurl.com/whoisthishere
SFW
http://chimichangasforthepeople.com/the-one-about-self-awareness/
Not breaking your balls Eddie…I just take it for granted that NYC metro will have larger GDP in ten years, that housing prices in NYC metro will be higher in ten years, and that population in NYC metro will larger in ten years.
For me, those have never been in doubt. Statistically, they are not.
On the margin there are questions that have major impact on individual’s lives….have better alternatives developed for different generations, potential impact of those alternatives, how competitive are those alternatives for all generations used to certain amenities in the NYC metro area, the alternatives presumably can be more volatile and have a wider range of outcomes than NYC metro how big an issue is that, where will NYC metro land within a wide range of its positive outcomes, impact of local political decisions on those outcomes, etc, etc, etc……
That’s where my interests lie, and where others here have good insight, experience, or analysis that I appreciate hearing….
No interest in getting 400 lines of NYC wiki entry cut and pasted late night by a fool to ‘prove’ the obvious for for himself because he has zero comprehension skills.
Leftwing,
Can’t help you on the network front. I know cable is dead. If they are not involved in 5G, it’s over for them. Network wize, there’s no competing with Netflix and Disney. All of the others are second tier. HBO has lost a step for sure.
Phoenix,
We run 400MBs through FIOS $30 a month (BYOR). It can handle 5 of us online flawlessly. You are correct about Verizon billing. They tend to mess up at the start and their customer service is horrendous. I just do a lot of threatening to turn it off if they don’t fix and they always cave. I have no idea how they keep track of all of their different services and packages which appear to change weekly. Absolutely the best service though. We’ve been using FIOS since it originated around 2006. Besides 2 fried ONTs, we’ve been up 100% of the time. Never an outage. Not for one minute. When we had Comcast cable modem, we never had to pay for it because it was always down. Of course, free spotty internet access even for free, got old pretty quickly.
Fast- House is located in Monmouth County, Wanamassa section of Ocean Township. Around 3 miles from the beach. It used to be considered the less valued part of town. Anything east of the major highway (Rt. 35) is priced crazy. The house we inquired about isn’t on the market yet but they signed with the agent, which is silly because people are listing their homes on Facebook, Zillow for sale by owner, and word of mouth. We sold our property without a realtor in ‘05. We are presently selling a property the same way. It’s like deja vu all over again.
Yea, the rich neighborhoods in Dallas, Houston, etc. will be fine. The majority of Texas is poor, and that’s who is getting f’ed in the a$$ by business right now. Look at Musk just buying out some poor town to create a “company town.”
What I ponder, what is going to happen to all these poor people getting pushed out of what were once cheap locations. Nothing cheap about any of these locations (nc, sc, Nashville, Colorado, fl, ariz, and Texas) anymore.
What kind of advantage does an individual get by moving here now? Same for business..constantly rising costs in these areas for businesses.
With each new business that comes to the area, the more competition for a limited pool of skilled workers. With each new individual that comes to the area, the cost of living goes up.
The only thing good about comcast was the guys on the street who would hang out at the townhome complexes had better access to deals than the online service reps. If you just had the guy give you his card, you called him and he’d beat whatever the online people had. But overall, the service went down too much to be worth it.
Is this the leftwing blog? You resort to the same dismissal of people on a regular basis. The other popular one is something along the lines of people not knowing you except for what you post here…they don’t know or understand you and have no right to opine on what you believe. You are quite full of yourself. Please let me know whether you would prefer to shoot me or punch me.
leftwing says:
“You literally bring nothing of any remote value to this blog for me.”
Re: bandwidth/FiOS….did a deep dive a few months ago on potentially cutting the cord. Kind of went hybrid, re-adjusted by dropping to base cable service plus streaming add-ons.
Never had to address the 400MB/1GB question…suspect i could have gotten away with less bandwidth but the cost differential wasn’t that great….somehow they grandfathered my change under a revision to my old plan which ceased to exist at least a year ago (?)…can second both the quality of service, uptime, and fcuk-uppedness of their initial billing after a change. Of note, we have had a number of physical outages in our neighborhood (trees and a delivery truck) and they are incredibly responsive with line repairs including on weekends especially for such a small neighborhood as ours.
The Great Pumpkin says:
May 16, 2021 at 6:39 pm
EZ,
Look at the price of real estate on the NJ coast, or better yet, and coastal property that lives off NYC metro economy. Use that as a barometer of the kind of money being made in this nyc metro economy. Nyc metro economy represents the “top” of the American capitalist pyramid.
NJCoast says:
May 17, 2021 at 9:08 am
House hunting for one of my kids. We hear an acquaintance is moving to Florida in the summer. Their house is a 3 bedroom, 1 bath on a postage stamp lot, needs new kitchen. Bought for $156,00 in 1996. Assessed for taxes at $ 388,000. Zestimate $457,000. House across the street sold for $355,000 last year. Gave them a call hoping they hadn’t listed with a realtor. They already had and are listing for $649,000!
leftwing,
Totally understand – finite issues vs. the larger picture. Personally, for example, my knee surgery three months ago has been pretty much flawless up until now. I see no issues arising. I wonder if I would have the same access to broad-based, superior medical care if I moved south or west somewhere. I’m using that as an example based on your suggestions of alternatives. NYC has always had a strong magnetic pull, I’m just wondering what the future holds here. If one is entering retirement and enjoys nothing more than reading and gardening, then I can see the allure of moving to cheaper grounds.
Left,
When I think of what Northern NJ will be like in about twenty years, I can’t help but think of the towns just over the Nassau border in Long Island. The houses are uber expensive, the lots are tiny and there is not an iota of free space. Only here, it’s worse, because we continue to build nothing but massive apartment buildings over retail in our last remaining tracts. Also worse off, they have excellent transit in the LIRR. We have the ranked last place rail in the country and the same traffic issues. Sure home values will be high. But our taxes are already double theirs and their municipal services are vastly better. There are no tolls on the highways out there either. I just don’t know how northern NJ doesn’t implode due to the property taxes. Even with our successful tax appeal, we are up to 18K in Glen Ridge and nearly 16K in lower Montclair.
I don’t believe that the guy who spends his weekend arguing with the person he labels the biggest idiot on the blog and believes Fast Eddie is smart brings anything of value to this blog for me!
30year, you’re right.
I appreciated this blog a lot more during the five years I ignored him. Plus others would likely appreciate me not taking up lines jamming him up.
I’ll take your kind advice and for my and others’ benefit and just go back to ignoring him in total.
Sidenote, you do seem to have a certain infatuation with me though…I am available you know…..
9:52 add to that the fact that 75 cents of every dollar is going to service retiree debt, and you’ve got the recipe for disaster.
Anyone catch “Halston” on Netflix, man those Studio 54 years were too much!
Before I left tech completely Ian Shrager Hotels was a client of mine for SEM.
It’s May 17th…I hate this day…every year I have to send money to the tax man!!!
I was tempted to try and cancel paying NY taxes this year but alas they won’t accept it, Nexus is still the primary office even if you do not go there. Some baloney about “bona fide employer office”…
They say….
“If you are a nonresident whose primary office is in
New York State, your days telecommuting during
the pandemic are considered days worked in the
state unless your employer has established a bona
fide employer office at your telecommuting location.
There are a number of factors that determine
whether your employer has established a bona fide
employer office at your telecommuting location. In
general, unless your employer specifically acted to
establish a bona fide employer office at your
telecommuting location, you will continue to owe
New York State income tax on income earned while
telecommuting.”
I am sure some may have pulled it off, if they had their company change HR change then office address etc for the payroll taxes etc.
…and believes Fast Eddie is smart…
Send Eddie off to do this, send Eddie to take care of that… take care of some little unimportant night club here, and there; pick somebody up at the airport. I can handle things. I’m smart. Not like everybody says, like dumb. I’m smart and I want respect!
“Never argue with stupid people, they will drag you down to their level and then beat you with experience.”
― Mark Twain
“I wonder if I would have the same access to broad-based, superior medical care if I moved south or west somewhere.”
When my sister and her husband considered relocation they had three criteria…population as a proxy for things like restaurants, amenities, etc; airport with a certain level of direct service; and quality of hospital systems (they are well, no immediate need). They ended up in TN.
Healthcare did knock a few locations off the list.
On the other hand when my dad in the hinterlands broke his pelvis a second time recently – really shattering it – they moved him from the local hospital to one 45 minutes away that was affiliated with a major teaching hospital and had one of their orthos on call…I’m sure not HHS quality but she put humpty back together and he’s been well.
With NYC expanding into NJ, there will come a time when most in nj will be commuting to a location within nj. It’s already happening.
Libturd says:
May 17, 2021 at 9:52 am
Left,
When I think of what Northern NJ will be like in about twenty years, I can’t help but think of the towns just over the Nassau border in Long Island. The houses are uber expensive, the lots are tiny and there is not an iota of free space. Only here, it’s worse, because we continue to build nothing but massive apartment buildings over retail in our last remaining tracts. Also worse off, they have excellent transit in the LIRR. We have the ranked last place rail in the country and the same traffic issues. Sure home values will be high. But our taxes are already double theirs and their municipal services are vastly better. There are no tolls on the highways out there either. I just don’t know how northern NJ doesn’t implode due to the property taxes. Even with our successful tax appeal, we are up to 18K in Glen Ridge and nearly 16K in lower Montclair.
For anyone taking the position that NYC and Jersey are dying, I point to the following.
-Have you seen the NYC skyline change over the last 10 years. It’s insane. They are making enormous upgrades to the infrastructure of NYC as we speak and will continue to do so.
-Do you look around northern nj and how much it has improved? You guys call this going down hill? They actually finished xanadu for god’s sake…that was mission impossible. Seriously, look at most of northern nj and it has been improving dramatically. Jersey City and Hoboken were crap 25 years ago. Even Passaic is improving.
I see the Dems no longer want to fix Trump’s $10,000 state and local tax (SALT) deduction cap.
There is talk of at least raising it however, $10,000 is a little low to begin with.
https://thehill.com/homenews/senate/553697-new-york-new-jersey-california-face-long-odds-in-scrapping-salt
Lib: One can only guess what this area will look like in 20 years. It is getting more and more crowded and congested. A two mile trip on Kinderkamack Rd can take 20 minutes now. There are apartment buildings being built all over Bergen Co One in particular in Hackensack is massive, and another large one in Park Ridge. A big section of Kinderkamack was torn down in Emerson, and I am guessing another development there. I don’t see why the younger generations in 20 years would want to stuff themselves into this area, for what? And what will WFH look like in 20 years? Look how how far it has come in a little over a year? As for NYC itself who knows, but even before the pandemic it was becoming dull and homogenized, all the cool edgy places gone.
Juice,
Unless it’s taxes on the ruling class. Once the tax revenues start coming in, they hardly ever reverse it.
Juice: That is no surprise. People here have plenty of money, and should be happy to pay the taxes.
3b,
So true. My kid’s generation are really screwed. They will blame it on us, but they really need to look at the age of our politicians for a clue. I only hope we are not in too deep for them to be able to save us. If it were up to me, I would focus greatly on improving relations with China instead of trying to start a war with them. We certainly don’t agree on politically philosophy, but economically, China AND the US could be great partners. So much so that perhaps democracy could take hold over there. Look at South and North Korea.
Eddie,
Regarding healthcare, if you go to places like Pittsburgh (UPMC), Cleveland (Cleveland Clinic), Detroit (U of M, Beaumont, Henry Ford), Chicago (many), St. Louis (Barnes) you will find healthcare at least equal to if not better than NJ. HSS for orthopedics up here is tops as most know. Some of the hospitals in the city are good too but, and don’t be offended, you don’t know what you don’t know. There was much I was unaware of when I moved to NJ from flyover so it works both ways. There is a lot of talent on the east coast, but it also exists in flyover and the people in general there are more modest.
The Italian bakery in NJ is definitely way better than flyover. Lib, just experienced Gencarellis over the weekend. Good stuff.
Lib: They probably will, and we hear part of the blame, but in our defense look at the choices we had for President last election?? As for China, I don’t see it. History shows in my opinion that there hasn’t to be one top dog , and I believe it will be China.
By us, the best way to Route 3, when heading east, is Bloomfield Avenue in Clifton (by the old Rowe-Manse Emporium). The 1,500 ft. span from the intersection of Passaic Avenue, Kingsland and Bloomfield Avenue to the entrance ramp on Route 3 takes a solid 5 to 10 minutes at all hours of the day. Now I go all the way down Kingsland past the old Hoffman La Roche complex and get on where Passaic Avenue crosses Route 3. The signals on Grove Street now back up two or three cycles at Watchung and Belleville Avenues so the stretch between where I live and route 3 is just impossibly slow to navigate. I noticed it worsened tremendously when they raised the toll on the Parkway to $1.90 from $1.50. It doesn’t seem like a lot, but $3.80 round trip, is a lot to spend to save ten minutes of driving time.
Nomad,
Agree all around. I’ve been anchored here for so long I don’t know what the status and trends are for out of state areas. Migration has been ramping up for the last decade or better, brought on even more by the ability to work remotely. It’s an epic change and makes me wonder how NYC metro will adjust or change. In all the metro areas you mentioned above, I have no doubt medical care is superior and on par with anything in NY/NJ.
As for the other tidbits like art, culture, attractions, shopping, cuisine… I assume it just depends on personal interest. I have a friend in Florida for 30 years now, just the other day mentioned how he still misses the pizza, bagels and Italian bread from this area. He says some are close but still not the same. The small things. :)
It’s interesting to speculate and to think about what the NYC/NJ/CT will offer in 10 and 20 years from now that other areas of the country may lack.
Btw, for those of you talking about pastries and stuff… Rispoli is still the best. I love Rockland bakery too for all the other assorted treats and bread. :)
Nomad,
Gencarelli’s is crazy cheap too. They send us coupons every month for 50% off up to $7 in savings. So you can get a an amazing cake that can serve 8 for $8. It’s always my responsibility to provide dessert whenever we get together with my brother or sister down in South Jersey. Not only is it many times better than what they can get down there, but it’s impossibly inexpensive. They think I’m spending $40-$50 on dessert. I never break $20 no matter how hard I try.
I highly recommend the hazelnut breast (love that name) and the French fruit tart. Though thier elephant ears and other cream puff variety types are all outrageously good. Personally, I think they are better than Ferrara in Little Italy. If you weren’t aware, they have a sister store in Wayne about 3 minutes from 46.
Props on Rispoli Gary, but it’s pretty pricey. Their butter cookies are sinful. Too good for the kids.
By the way, anyone looking for an amazing birthday sheet cake, Deb Pam in Totowa are great. Real fruit in the filling kind of place and great artists. None of that fondant crap either. Very traditional, but not a sugar bomb, like those Costco cakes.
I actually find living in the rest of the country much nicer than living here. People are simply more pleasant and there’s much less stress, which is a product of our dense population. My biggest pet peeve though, is that everything closes at like 8pm. I mean everything. If you are far from an interstate, you can’t even get gas. Even the chain restaurants close early. Sunday is the worst. Most places close by 4pm. But man it’s nice to be the only person on the road most of the time. And there aren’t traffic lights every 1,000 feet. Repairs are cheap too. It’s really amazing to me how much more expensive everything is around here.
Lib,
Speaking of cheap, dropping just $30 in Rockland Bakery will have you leaving with a few bags worth of stuff. If you’re a carb addict, enter at your own risk. That place is like going on a field trip.
I’ll have to check it out.
Fast To your point,NYC has been down before, although a lot of the Manhattan residents today don’t remember as they were not here, and will never be real NY ers anyhow. This time though WFH is the difference as it becomes more and more comfortable, and as the technology gets better etc, will thousands commute into NYC or other urban areas as the years pass.
Lib/Fast: If you need a special custom birthday cake, Skazka Cakes in Midland Park is fantastic!
Do you really think the future of mankind is not in cities? I just don’t see it, especially when it comes to the “green movement’s” demand for efficiencies.
3b says:
May 17, 2021 at 11:56 am
Fast To your point,NYC has been down before, although a lot of the Manhattan residents today don’t remember as they were not here, and will never be real NY ers anyhow. This time though WFH is the difference as it becomes more and more comfortable, and as the technology gets better etc, will thousands commute into NYC or other urban areas as the years pass.
I really think you are overestimating the impact of WFH. All it did was make business more efficient, it did not eliminate the need for in office jobs for most.
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Ed,
Love Rockland. I only get it once a year now since my Dad moved to Tampa. He used to pick up two loaves of onion bread on his way up from RiverVale. Now, only on Christmas when he comes up and drives from Newark. I would snarf that stuff in a few days on toast/sandwiches. I also miss Jerry’s in Englewood, where he used to wor. He would bring catering from there on holidays. There is a good place called A&S here not like Jerry’s.
On dufus’s comments on greatness of NYC, he talks about how rich everyone is but ignores the NJ income averages. He talks about how people are knocking it out of park with big jobs/salaries but fails to see the small sliver it represents. This area is him – d&pshit who simply rode Fed policy to wealth via asset appreciation. It is the Daedalus (Fed) – Icarus (bubble price buyers) myth. Daedalus provides the wings to fly and each time Icarus gets closer to the sun. At some point, Daedalus may not be there to stop him when his wings fail. It will be freefall. Jcer and I have addressed the salary caps that have been set-up for millions of support jobs that keep this area going. He thinks it is just “IT” problem. It is the dual income trap and it will slowly erode over time and more debt is taken float lifestyle. They won’t see the degradation if income until too late. Go try to find 150k job. There were pleny 10 years ago but now finance has shed most of them. You have been tricked by Fed shenanigans which directly provide crumbs to keep the lights one (asset appreciation). In 2008, I was looking at apts in Manhattan and found no realtor fee, free month, doorman building on UES which was all in for 1800/month (utlities incl). My buddy bought a condo conversion across the streeet a few months earlier for 500K and was spending 3000/month. It was same size as my place. He was underwater in 2011 and could not refi. but eventually the Fed’s dollar destruction and money printing brought droves of foreign investment so Polish ‘angels’ bought him out in 2013 for $525k. Same with baillout during COVID. In 2020, my town is second hottest place in all NYC suburbs but back in 2019, homes values were dropping. My neighbor and brother both got crushed to tune of 100k to 125K loss in 2019. Wells Fargo even labeled Fairfield County distressed and added 1/4 pt to any mortgages in the area. Dismiss it all he wants but new buyers are flying very close to the sun.
Lib-My biggest pet peeve though, is that everything closes at like 8pm. I mean everything.
Where my sister winters in Fla. they call 9pm “Marco Midnight”.
A&S is the best Italian Deli around here. Have to go out to Staten Island for the real thing though.
Marco Island I presume.
?Bystander, what is a Polish Angel?
As for inexpensive bakeries, Venice Bakery in Garfield is still a value, but you do not get the experience of showing your kid how a conveyor line works as you walk through the production room floor like at Rockland Bakery. I would argue the bread is better at Venice. I remember in the 80s you could walk into venice bakery at 2am, hand the baker $1 and he would give you 6 rolls. Money was kept on a chair near the oven in a cigar box. Always thought they would get robbed at 3 am , but the guy probably only had $ 10 total in his box. .
So did crypto jump the shark last Saturday night?
When the history books discuss Crypto, there will be a picture of Elon Musk uttering the stupid words, “I am the Doge-Father.”
Polish angels are what I called Easter European investors who bought every apartment under sun in Yorkville area when there was 50% sale on USD a decade ago. UES has huge Eastern Euro commuinty.
Crypto clowns lost faith.
https://finance.yahoo.com/news/vitalik-buterin-burns-6b-shib-092057759.html
Flour is cheap. It’s the same with the amazing semolina and italian rolls at Nicolo’s in Montclair. This place has absolutely mastered the long bread and it’s probably 50% of their business alone. They supply to all of the better restaurants in Essex County. If you are eating a sub from a good italian joint around here, chances are you are eating their bread. I went in their one day around the turn of the century and I think they long rolls were 75 cents each. Now they might be $1.25. They don’t even fit in the bag either. They are wider and longer, so they just stick them in a brown paper bag and they hang out.
Take a look at these breads.
https://tinyurl.com/nicolosbread
Historical Real Median Household Income for New Jersey
Date US New Jersey
2019 $65,712 $85,751
2018 $63,059 $83,221
2017 $62,927 $83,527
2016 $61,383 $81,102
2015 $60,187 $77,936
2014 $58,001 $77,741
2013 $57,437 $77,130
2012 $57,307 $77,717
2011 $57,531 $76,847
2010 $58,809 $79,532
2009 $59,988 $81,634
Historical Real Median Family Income for New Jersey
Date US New Jersey
2019 $80,944 $105,705
2018 $77,786 $103,242
2017 $77,064 $101,478
2016 $75,707 $100,726
2015 $73,660 $97,384
2014 $71,246 $95,577
2013 $70,386 $93,906
2012 $69,752 $94,199
2011 $70,009 $93,704
2010 $71,221 $96,860
2009 $72,962 $99,598
Bystander: Well said all around. Those of us who know understand the reality, not the nonsense that this area is bleeding money. The people that are out now flying to close to the sun , to use your well put description are buying out of fear of being closed out forever, not because most of them are bleeding money. Two full time incomes today to pay for a modest 50 to 100 year old house with property taxes starting at 10k, its criminal. And yet we have some that are cheering this on. It will end badly, it always does.
The avg individual/family in nj makes significantly more than the rest of the country.
25,000 on avg family income…that’s pretty much 30% more.
20,000 on avg household income…that’s pretty much 30% more.
Why would I choose to live somewhere that has cheaper taxes on avg but has significantly less income opportunities. On avg, the rest of the country gets destroyed.
Rockland Bakery: For those of you unfamiliar with the place; you walk in, grab disposal gloves and big paper bags and walk among racks and racks of anything and everything that could made from flour, yeast and water. They have every dough product on endless racks and bins. With covid, they had to block off the rows of racks and have personnel get the products for you. Hopefully, that’ll end soon. You’re literally walking among the machinery in an industrial bakery. When you’re done there, walk through the bakery portion and pick out any pie, cake, sweet bun, pastry and cookie you can imagine. This is not a place to visit when you’re dieting.
Cuomo caved to the science, mask rule for vaccinated dropped as of Wednesday.
3b,
The politicians in Park Ridge need to be publicly whipped for that monstrosity in the center of town. I can only imagine what Emerson is going to do.
“Libturd says:
May 10, 2021 at 10:18 am
What is the safest way to short crypto?”
CMC Crypto 200 Index was at $1,423.
One week later, it’s at $1,187.
There’s a 17% gain on a sector that has done nothing but gone straight up for two years.
Not a bad call after all.
Lib, on Italian Deli’s, Andrea Salumeria on Central Ave in Jersey City is the real deal. There are actually a few place still in Hoboken and Jersey City but it’s not the same as 20 years ago when the mafia used to have an “office” on Newark Ave. in downtown Jersey City. There’s also a place run by a Neapolitan guy in Journal Square by PATH tracks in what looks to be a warehouse next to a Hindu temple, I think it’s called Ercolano. In Jersey City if you eat where the cops/firefighters eat you are in for a good meal.
Bystander pumps doesn’t understand how few of his neighbors have NYC incomes. Our regional economy is tied to NYC but we used to have good corporate jobs, you used to have those in CT as well but companies are pulling back from the region because of cost. As I’ve stated before, besides some very NYC centric suburbs prices were dead in this region before the Pandemic sent NYers scrambling for living space. The reason for this is all of the companies pivoting to either more desirable first tier non-suburban markets(CA, NYC, Boston, etc) or to cheaper locations in flyover. BRT is on target with Pharma and it is happening in every industry pharma is just the most visible. Most of NJ is not easily NYC commutable in the 5-day a week sense, now with the WFH flexibility which maybe here to stay we might benefit.
Lib with regards to the cost of things, a lot of the excess costs of doing business here are passed directly back to the customer. The other thing is Essex county, I think contractors assume because you pay 20 or 30k in property taxes you are a sucker and will pay more. It is wildly more expensive to get work done here than in either Morris, Monmouth or Bergen county. My siblings seem to get lower quotes, any time I try to bid a job I get very bad pricing. I’ve only found a few people who didn’t totally rip me off. On the other hand goods and food are much cheaper in NJ than in other parts of the country.
Exactly, dummy. You are not a truthful person but you have admitted that you could not survive on your salary alone. Guess what? Most Jersians are in that exact situation, income wise. Plenty of older people are house rich and can live on 80K/year bc no mortgage. Take two younger adults makeing 150K total, buying 600k starter with 15k in taxes. That house cost 450k last year…good luck, dingus. But, real estate always appreciates afterall, as long as Fed fescues it.
Fast In all fairness to the local politicians they ultimately have little to no power over these developments at the end of the day. What else was going to be built there? No demand for retail. In Emerson it looks like it’s going to be a big development as well Judi g from how much was torn down. Looks like there is one holdout, or lease not up yet.
Fast: looks like Emerson is going to be 150 apartments and new retail.
How does that median household income help when property taxes on a modest home are 12k, car insurance is sky high, tolls are sky high, transit fares are sky high, it’s death by a thousand cuts. That slight increase over national avg doesn’t come close to covering the excess costs, if you want to see the future of NJ look at West Orange, a place where the taxes went so high it created a feedback loop which caused house prices to fall which makes the taxes look even worse.
As time goes on a higher and higher portion of NJ resident income will go to taxes, tolls, fees, etc to continue to feed the zombie government and it’s pension obligations. Baring real income and job growth long term appreciation of housing in this area is not going to be good. I can’t imagine this insanity will last much longer, housing markets are all behaving in very unnatural ways.
$68,236
PER CAPITA DISPOSABLE INCOME
Growth Rate 2013-18
State Growth Rank
4.0%
4
$52,729
PER CAPITA CONSUMPTION EXPENDITURE
timeline
Growth Rate 2013-18
State Growth Rank
3.4%
3
What is New Jersey’s per capita disposable income?
Per capita disposable income, also known as disposable personal income (DPI), is the amount of money that a person has available for spending and saving after accounting for income taxes. Disposable income is regarded as a key economic indicator used to gauge the overall state of an economy. New Jersey’s DPI in 2018 was $68,236 which places it 4 out of all 50 US states.
They then dispose all that’s left of the income on house prices and property taxes!!
Would you guys wake up and realize people are making lots of money. That NYC metro is a great place to make money and live/raise your family while making said money.
I wish I could agree with you bystander, that all the jobs are leaving and what not, but the real estate prices and income statistics don’t agree.
Pumps, look at it as you may but statewide data doesn’t show on a micro level the movements. You were sitting on zero appreciation in Wayne until the COVID lockdown happened, that is a fact, the suburban job market has been cratering in this state for a decade or more. So Bystander is absolutely right about that. NYC economy was on a tear from about 1993 until 2019, Jobs and economic activity was aligning around NYC, places like Jersey City saw a boom in that period first in jobs until around 2005 and then in terms of residential development. 2 bd apts in JC were going for 750k-1M, Hoboken the same, lots of high earners moved in from NYC. Construction on the mold coast is still a boom town, lots of developers and contractors making money hand over fist building apartments. Lots of developers in the logistics space making a killing building distribution centers, NJ is the hub for east cost shipping, access to NYC market is critical. Retailers want facilities around Newark and Kearny not even down the turnpike as in the past.
3b that’s the #3 in the statistic he’s sharing, we are 3rd in the nation with regards to consumption only DC and MA are worse, NY is about the same as NJ.
Covid didn’t do this, an enormous demographic bloc of buyers (millennials)coming to the market did. They were not ready to buy houses from 2010-2019. As this current decade progresses, the buying bloc from this group is only going to get bigger, and guess what, there is not enough supply to feed it.
Go look at NYC’s loss of population…it’s not really that big. So the covid tale is such bs. All it did was accelerate the move for the people in position to do so. Remember, not every millennial is buying yet, some of the younger ones still have 5-7 years before they are in position to do so. You are only seeing the beginning of the buying wave now. It’s only beginning.
JCer says:
May 17, 2021 at 2:25 pm
Pumps, look at it as you may but statewide data doesn’t show on a micro level the movements. You were sitting on zero appreciation in Wayne until the COVID lockdown happened, that is a fact, the suburban job market has been cratering in this state for a decade or more.
Jcer: Thanks. I read it wrong.
Real estate prices don’t agree..sure dummy. It was all the rich people coming cash, sight unseen. Why did debt rise so dramtically? Debt is wealth, right?
In Q4, Mortgage debt passed $10 trillion for the first time and rose at the fastest pace in the fourth quarter since 2006.
Bystander: Fear is driving this madness in real estate prices. Buy now or be priced out forever!
JCer,
That Hindu temple used to be a famous theatre back in Jersey City’s heyday. I’ll have to check it out. Thanks for the recco. I occasionally find myself on the PATH going from EWR (where it’s free to park in the Ironbound) to the Oculus. Might be a smart place to get off and get a sandwich for the day.
“Buy now or be priced out forever!”
That’s why we bought our multi in 2004. What a mistake that was.
The Oculus, the transit hub that was designed as a mall, and not a transit hub.
Lib: It was the same cry in the late 80s!! And of course it’s different this time!!
Mixing up the theatre with Loew’s. My bad. I looked it up because I wasn’t sure. I think I know the Temple though. It’s a pretty big blocky building if I recall correctly. We used to love to get Indian food over there. We find it just as good and much easier to park in Parsippany.
2005: Hurry now, rates will never be so low at 5.5%
2012: Hurry now, rates will never be so low at 3.5%
2020: Hurry now, as your family will die…and rates will never be so low at 2.5%.
It costs in excess of twenty dollars in tolls – and that’s with a discount – to do a 25 mile round round trip to Brooklyn.
Polish angels taking over Yorkville? Now I’ve heard it all. There’s only one language spoken on the UES/UWS: Russian.
Re bystander:
The how much-a-months and the overwhelming majority of buyers could care less about the purchase price, and therein lies the issue.
Boomer: They will when the madness ends.
Boomer,
I am Irish American. If you have 4 consonants in a row or a ski at end of name then Eastern Euro/Russia/Polish/Hungarian or something. It is German too. Heidelberg anyone?
Out of the ashes: As the American economy begins to re-emerge from the pandemic, it’s discovering just how much the labor market has shifted over the past 15 months. Many of the millions of people who lost jobs have moved into other lines of work or are forging other kinds of new beginnings.
In today’s Wall Street Journal, reporter Lauren Weber offers up a microcosm of America’s post-coronavirus workforce—by chronicling how the staff of a now-closed juice startup in the Bay Area scattered and rebounded over the past several months.
Some have become entrepreneurs themselves. Another employee who worked his way up to running the juice maker’s factory floor now oversees the production line of another food company, and one of the firm’s founders has gone into managing real estate. A couple others are relying on unemployment benefits and savings while they sort out their futures.
The diaspora of the startup’s employees and their efforts to carve out new livelihoods is now playing out thousands of times over in the late stages of the pandemic. It’s perhaps another reason many companies trying to ramp up hiring again are struggling to find people. Forced to reinvent themselves, many workers have moved on to new careers and new futures.
Out of the ashes: As the American economy begins to re-emerge from the pandemic, it’s discovering just how much the labor market has shifted over the past 15 months. Many of the millions of people who lost jobs have moved into other lines of work or are forging other kinds of new beginnings.
In today’s WSJ, reporter Lauren Weber offers up a microcosm of America’s post-coronavirus workforce—by chronicling how the staff of a now-closed juice startup in the Bay Area scattered and rebounded over the past several months.
Some have become entrepreneurs themselves. Another employee who worked his way up to running the juice maker’s factory floor now oversees the production line of another food company, and one of the firm’s founders has gone into managing real estate. A couple others are relying on unemployment benefits and savings while they sort out their futures.
The diaspora of the startup’s employees and their efforts to carve out new livelihoods is now playing out thousands of times over in the late stages of the pandemic. It’s perhaps another reason many companies trying to ramp up hiring again are struggling to find people. Forced to reinvent themselves, many workers have moved on to new careers and new futures.
WeWork CEO Says Least Engaged Employees Enjoy Working From Home
Mr. Mathrani said that while many employees were hoping for a hybrid future post-pandemic that would afford them to work from home a few days a week, time at the office was essential for collaboration and efficiency.
“People are happier when they come to work,” said Mr. Mathrani, a veteran of the commercial real-estate industry. “The bigger issue is do you come to work five days a week or do you come to work three days a week? That’s the bigger issue. There’s no issue of not coming to a common place.”
https://www.wsj.com/articles/wework-ceo-says-workers-who-want-back-into-the-office-are-the-most-engaged-11620837018?st=jajyfxprevkxr6k&reflink=article_copyURL_share
JCer
Ecorlano was linked with Puchinis on the corner before it closed its doors. I think it was like Casa Dante and the owner had a few IRS issues. Rita and Joes just down the street under the Pulaski is also good.
I’m in Rockland Bakery most Saturday mornings. Rispoli is good, but if I’m dropping coin on a bakery, I’ll go to the Balthazar factory shop in Englewood.
@3:41 that’s why I leave a conversation when someone says, “things are gonna get bad when rates go back to 5%
Similarly, I used to laugh when Domino’s commercials in 2011 said “this 5.99 deal is here for a limited time”. I knew then that it was the price and they couldn’t go higher if they tried.
Rita and Joe’s has been gone for a while, I think it’s a fillipino bakery now. Yes Ercolano was owned by or associated with Puchini’s. Casa Dante, that’s some old school Jersey City, now it’s an awful Indian Restaurant, Vaihabav, don’t go it’s not good. IRS issues….you don’t say. Lots of development happening around there, every time I drive through I cannot believe how much it is changing yet still looks the same. A lot of the old guard are disappearing, soon the Indian Joints will get pushed out as well, nothing but cafe’s and Crossfit Gyms.
Of course the head of We Work would say people are happier coming to the office, as We Work provides office space. What would one expect him to say?
Casa Dante, Monteleone’s, Five Corner’s Bakery, Ilvento’s, The Hill Top, Pipi’s, Jules on Westside Avenue and in the Heights, Tippi’s, The Plankboard Inn, Canzanos, Starr’s Tavern… I could go on and on. Born and raised Jersey City boy.
We used to get this sausage bread from a place in Jersey City at 2 am. Drive to the pocono flea market on the weekends and sell it for 4x the price we paid. We also hit up an italian bakery in Lodi prior to. Leave at 2 am, get there at 5, pay for the daily spot, and sell it all for $800. That was a rough way to make $500 but it worked all spring/summer. That sausage bread was amazing. The name of both places escape me but those guys are probably long gone by now.
Let’s reminisce about the foods that put dad in the ground before he hit 65.
The real litmus test of how NJ will fare in the years ahead is how often corporate relocations send people to the Garden State. At this point it’s a negative. Most people view a move to New Jersey a lot like a reloc to the gulag.