“I really look forward to Republicans attacking me on restoring the SALT deduction for homeowners in my district”

From the Star Ledger:

Biden bill to bring back property tax deduction for most N.J. homeowners

Following President Joe Biden’s signature Monday on a $1 trillion bipartisan infrastructure bill, the House later this week is expected to turn its attention to a $1.75 trillion proposal that would restore most of the federal deduction for state and local taxes.

While still subject to further changes, the legislation scheduled for a vote by the end of the week would increase the amount allowed to be deducted up to $80,000 through 2030, with the $10,000 cap returning in 2031.

The second bill would also for one year also extend the expanded child tax credit for lower- and middle-class families, which was part of Biden’s $1.9 trillion coronavirus stimulus lawthat passed over unanimous Republican opposition.

According to a study released Monday by the Center on Budget and Policy Priorities, a progressive research group, the expanded credit would benefit 1.6 million children in New Jersey and lift 93,000 above the poverty line.

Another 388,400 working New Jersey adults without children would benefit from the bill’s expanded earned income tax credit, the center said.

In addition, two-thirds of those taking the deduction in New Jersey, the state with the nation’s highest property taxes, had income between $75,000 and $200,000, according to Internal Revenue Service statistics.

“I really look forward to Republicans attacking me on restoring the SALT deduction for homeowners in my district,” Malinowski said.

This entry was posted in Economics, Employment, New Jersey Real Estate, Property Taxes. Bookmark the permalink.

264 Responses to “I really look forward to Republicans attacking me on restoring the SALT deduction for homeowners in my district”

  1. leftwing says:

    NJ has a tax problem, not the fault of the Feds….

    Pretty simple equation….give your local governments less of your money and you will keep more.

  2. BidenIsTheGOAT says:

    Blue state liberals wanting someone else to pay for all their bullshlt. Same as it ever was.

  3. leftwing says:

    Wow.

    These terms are great for the workers….but anyone still in doubt about wage inflation?

    Base pay up 10% this year, plus two more bumps of 5% each into 2025. Productivity bonuses up, plus guaranteed annual lump sum payments of 3%.

    https://www.nytimes.com/2021/11/17/business/john-deere-strike-uaw-union-contract.html

  4. grim says:

    Blue state liberals wanting someone else to pay for all their bullshlt

    Well, why not? Red state conservatives already have somebody else to pay for all of their bullshit.

  5. Fast Eddie says:

    Well, why not? Red state conservatives already have somebody else to pay for all of their bullshit.

    Red state conservatives get a piece of bread with jelly on it while blue state pigs gorge on an epicurean feast.

  6. D-FENS says:

    Malinowski is going to lose his seat one way or another. When the legislature redistricts in NJ he will be the sacrificial lamb. The republican leaning areas will be combined into a large hunterdon/sussex/warren district. The other democrat leaning areas will be combined into districts to save Democrats Mikie Sherrill and Scott Gottheimer.

  7. D-FENS says:

    Sherrill and Gottheimer are just posturing right now so they can say the tried to get SALT.

    Republicans and even some Democrats see it for what it is…a tax break for the rich.

  8. Bystander says:

    Business is good when tied to Rs so*ialist corp farming bailouts.

  9. Fast Eddie says:

    Not that this is exclusive to one sport/faction of life but it is yet another reason why I don’t watch the NFL anymore. Players and ex-players seem to have an inordinate pattern of behavior when it comes to this:

    https://www.youtube.com/watch?v=eq6Gt2UyB04&t=47s

  10. Bystander says:

    Jim Cramer will last be seen as boatman on the River Styx.

    Apparently, Lael Brainard is heading to final meeting with Biden.

    https://tinyurl.com/tnrd48bx

  11. Juice Box says:

    Lael Brainard is not going to shut down the printing presses. Expect it to go the other way, there are massive deficits that need to be funded and agenda to spend spend spend for the next three years before the election.

    If anything expect lots of gas lighting from the Fed on CRA, and how the banks are wacist for not giving out enough credit, as the banks are now sitting on 3 Trillion on excess reserves (double since the pandemic began) that they now park at the Fed overnight to get free money.

    https://www.federalreserve.gov/consumerscommunities/community-reinvestment-act-proposed-rulemaking.htm

  12. Libturd says:

    Eddie,

    That video is disgusting. But I am not surprised. I played football for a while. There were two types of players. The intelligent strategists and the dumb as rocks psychotics. That’s it. And there were quite a few of the latter. Our biggest defensive tackle was nicknamed, “meatball.” We would take him out to the diner after every game which he committed a violent quarterback sack and would buy him his favorite meal, spaghetti with meatballs. This dude was truly crazy. At best, a D student. Heck, it was hard enough to keep him from lining up offside, let alone memorize our defensive stunts. But when Meatball was psyched, he was dangerous. This anger we stirred up in him, was friggin’ scary. A couple of times, he left the opposing teams center, a guard and a lineback laying on the ground on his way to a sack. And he was big, but probably not over 230. I could see this guy tossing around his partner in anger very easily. And this is just one of them, there were probably three or four others on the team who were motivated by violence. Their goals were to injure. Not to just stop the play. The truth is, football will eventually be banned from modern society. It is a life shortening career.

    Though, I don’t care that much about the political stuff, it certainly detracts from the game,but is all about selling jerseys for the slaves (players). It’s when one of those slaves thinks it’s okay to celebrate a TD when down by 40 points or act like a dog sh1tting in the endzone, that I usually turn it off.

    Or about midway through the first quarter of any Jets game.

  13. chicagofinance says:

    Code for “we are tired of organized shoplifting in urban areas, so fcuk you….. take your bail reform and CRT and stick it up your a%%”

    CVS Health Corp. said Thursday it will close 900 stores over the next three years, nearly 10% of its U.S. locations, while adding more health services at remaining locations.

    The largest U.S. pharmacy chain said it would close 300 stores a year while adding primary care offices at certain sites as well as converting more stores into so-called health hubs with offerings such as d1agn0stic testing, m5ntal-health services and hearing exams.

    “The company has been evaluating changes in population, consumer buying patterns and future health needs to ensure it has the right kinds of stores in the right locations for consumers and for the business,” CVS said in a statement.

  14. chicagofinance says:

    Code for “we are tired of organized shoplifting in urban areas, so fcuk you….. take your bail reform and CRT and stick it up your a%%”

    CVS Health Corp. said Thursday it will close 900 stores over the next three years, nearly 10% of its U.S. locations, while adding more health services at remaining locations.

    “The company has been evaluating changes in population, consumer buying patterns and future health needs to ensure it has the right kinds of stores in the right locations for consumers and for the business,” CVS said in a statement.

  15. Fast Eddie says:

    Lib,

    Yeah, it’s disgusting to watch and I hope a few guys repay the guy ten-fold. But I don’t think football should ever be banned. It was always part of the American fabric and on a community level, has many benefits. I enjoyed the high school and one college game I attended this year. It can be a wonderful event. Competition on the field by an individual player is admired. That player needs to be as focused off the field as well. Many players are upstanding people but the pro level overall has truly ruined itself.

  16. The Great Pumpkin says:

    Team red lost in the woods.

    leftwing says:
    November 18, 2021 at 8:35 am
    NJ has a tax problem, not the fault of the Feds….

    Pretty simple equation….give your local governments less of your money and you will keep more.

    BidenIsTheGOAT says:
    November 18, 2021 at 8:35 am
    Blue state liberals wanting someone else to pay for all their bullshlt. Same as it ever was.

  17. chicagofinance says:

    Not defending. However, NY & CA have massive swaths of rural area. CT is much more rural than NJ. We are one big suburb, so density, eminent domain costs, wages, insurance etc. are all more expensive. Just mitigating excuses, not condoning.

    BRT says:
    November 18, 2021 at 9:28 am
    New Jersey ranks last

    https://savejersey.com/2021/11/new-jerseys-road-system-ranks-last-in-the-nation/

  18. The Great Pumpkin says:

    Oh wow, a business is booming, and it’s wrong for the workers to want a piece of the profits they help produce. They understand if they don’t act now, they won’t get it later.

    leftwing says:
    November 18, 2021 at 8:39 am
    Wow.

    These terms are great for the workers….but anyone still in doubt about wage inflation?

    Base pay up 10% this year, plus two more bumps of 5% each into 2025. Productivity bonuses up, plus guaranteed annual lump sum payments of 3%.

    https://www.nytimes.com/2021/11/17/business/john-deere-strike-uaw-union-contract.html

  19. The Great Pumpkin says:

    Like you say about taxing the rich…why are you overtaxing the most productive producers in our country to give tax breaks to rich individuals in low gdp producing red states?

    Fast Eddie says:
    November 18, 2021 at 9:18 am
    Well, why not? Red state conservatives already have somebody else to pay for all of their bullshit.

    Red state conservatives get a piece of bread with jelly on it while blue state pigs gorge on an epicurean feast.

  20. crushednjmillenial says:

    An indication of NJ, or metro NYC, or broader coastal USA, wealth . . .

    I didn’t know this before today, but Mercedes only makes 20,000 S-Class vehicles per year, worldwide. Despite the small production run, from Ramsey to Red Bank to Robbinsville, they are everywhere.

  21. Libturd says:

    Fast Eddie,

    Through charitable organizations, I have broken bread with various members of the Giants alumni. These were the intelligent strategists. So much so, that even after retiring from playing, they have chosen to stick around the organization for the financial remuneration and to teach the new recruits. And in the case of Leonard Marshall. For the free meals. What an amazing group of gentlemen and so appreciative of the talent they had been gifted. A lot of the head coaches are incredibly charitable with their time and money too.

  22. BRT says:

    This is going to happen in every company that’s in a position like John Deere. Deere’s business has been off the hook.

  23. The Great Pumpkin says:

    Stop spreading the bs propaganda.

    “Some liberal lawmakers and think tanks contend that repealing the cap would be an unwarranted giveaway to the rich and of little benefit to the middle class.
    Nonsense”

    https://www.latimes.com/california/story/2021-11-15/skelton-salt-cap-congress-california

    D-FENS says:
    November 18, 2021 at 9:23 am
    Sherrill and Gottheimer are just posturing right now so they can say the tried to get SALT.

    Republicans and even some Democrats see it for what it is…a tax break for the rich.

  24. leftwing says:

    “CVS Health Corp. said Thursday it will close 900 stores over the next three years, nearly 10% of its U.S. locations, while adding more health services at remaining locations.”

    Front of the house (retail) hasn’t made sense for pharmacies for a long time….cheap, useless garbage purchased by old ladies in perfectly preserved decades old Buicks for almost no margin after fully costed…not a particularly attractive LT model…

    The actual pharmacy is where the $$$ always have been, the reason why they sprang up in supermarkets…

    Long overdue change. Bunch of RE investors in at 8% CAP rates in freestanding buildings may not be happy…..

  25. Fast Eddie says:

    Lib,

    Agree. And I have met a lot of these guys in the pre-game breakfast tent in the 80s and 90s. I even met Mr. Tisch, the co-owner, a very nice man. The NFL changed in the last decade… drastically and I never thought I’d lose my passion for it but meh.. who cares now. I will put it on with low volume only for Thanksgiving as background chatter because it’s a part of Thanksgiving Day. I’ll use the event for that day the same way the owners use players to sustain their business model.

  26. leftwing says:

    “CVS Health Corp. said Thursday it will close 900 stores over the next three years, nearly 10% of its U.S. locations, while adding more health services at remaining locations.”

    Front of the house (reta1l) hasn’t made sense for pharmac1es for a long time….cheap, useless garbage purchased by old ladies in perfectly preserved decades old Bu1cks for almost no margin after fully costed…not a particularly attractive LT model…

    The actual phramacy is where the $$$ always have been, the reason why they sprang up in supermarkets…

    Long overdue change. Bunch of RE investors in at 8% CAP rates in freestanding buildings may not be happy…..

  27. Juice Box says:

    CVS has an incredible 25% of the pharmacy business now
    Wallgreens is at 19%
    Walmart is somewhere like 5% maybe

  28. Juice Box says:

    CVS has an incredible 25% of the ph*arm*acy business now
    Wallgreens is at 19%
    Walmart is somewhere like 5% maybe

  29. leftwing says:

    Let’s play a game dumbass…it’s called “can he comprehend his own stupidity”

    My post regarding the Deere contract:
    “These terms are great for the workers…”

    Your reply:
    “Oh wow, a business is booming, and it’s wrong for the workers to want a piece of the profits they help produce.”

    Does Pumpkin:
    (a) not understand the original post supported more wages to the workers
    (b) understand the original post but lack the reasoning skills to see his post is not responsive given agreement
    (c) lack reading comprehension and logic, so both (a) and (b)
    (d) none of the above, he’s beyond redemption and a self-admitted troll

    Which one is it, ‘teacher’?

  30. The Great Pumpkin says:

    Jeez, deflationary producing groups popping up. No way in hell does inflation persist at these levels in the coming years.

    “Millions of people are joining groups that help them acquire the things they need—without paying a cent.

    With inflation hitting a 31-year high and supply-chain issues making it difficult for people to get the goods they want on time, some have found an answer in online groups where members give things away free. Such groups have risen in popularity in recent months, and one effort known as the Buy Nothing Project hit 4.27 million members as of August.

    Members post items to give away or lend, or post for items they are seeking. Items in Buy Nothing groups range from food to furniture to, in at least one case, hair clippings. Buying, selling and bartering aren’t allowed. Most groups are hosted on Facebook.”

    https://www.wsj.com/articles/an-antidote-to-inflation-buy-nothing-groups-gain-popularity-11637231402?mod=cxrecs_join#cxrecs_s

  31. The Great Pumpkin says:

    Hey, I am just going off your prior positions. I’m sorry for making assumptions on your current position.

    leftwing says:
    November 18, 2021 at 10:52 am
    Let’s play a game dumbass…it’s called “can he comprehend his own stupidity”

  32. Grim says:

    CVS wants to be a health company, not a retailer.

  33. Juice Box says:

    The new CVS by us signed a 25 year lease and then paid for a complete knock down the large warehouse furniture store and built one of their newer free standing 14,000 sq ft stores with the drive thru. That seems to be their model pick the best location and negotiate fix priced lease. Inflation will make that seem like cheap rent soon enough. There is only a 10% rent bump after the leases expires in 25 years too. That is nothing..

    If they are closing 900 stores it would have to be short leases perhaps. They will pop back up again if they can get a better location. Judging how main street was wiped out by Covid lockdowns in many states and CVS and Walmart were allowed to remain open you can bet they will be building more stores once they negotiate a long lease on the prime corner at a high traffic location.

  34. BidenIsTheGOAT says:

    When a fringe pro athlete washes out, it’s usually a pretty ugly thing. The lottery ticket doesn’t hit. Nothing to fall back on but you still have the expectations and lifestyle climbers. I doubt those two were soul mates.

  35. Juice Box says:

    The head pharmacist at our CVS harldy ever leave the tiny room they have for doling out vaccines anymore. She now has a small army of assistants to dole out the meds. There is always a line there too. They are only getting $40 for the covid shots..I fail to see how they are making bank on it.

    They already have approx 25% of a 380 Billion dollar sector of pharmacy/retail. I doubt they are going to need 14,000 sq ft stores with 25 year leases to pivot to become a “health company”.

  36. leftwing says:

    Agree JB, but I would replace ‘stores’ with ‘clinics’.

    As grim said they see the profits in healthcare not paper birthday cards only used by grandparents for their grandchildren.

    I’d expect to a shift to smaller footprints with a much larger percentage dedicated to Px and Minute Clinic…

    Really nice strategic shift they are pulling off, retail pharmacies have been in endemic decline/consolidation mode for at least two decades if not more.

  37. Juice Box says:

    The head pha*rmaci*st at our CVS harldy ever leave the tiny room they have for doling out vaccines anymore. She now has a small army of assistants to dole out the me*ds. There is always a line there too. They are only getting $40 for the covid shots..I fail to see how they are making bank on it.

    They already have approx 25% of a 380 Billion dollar sector of ph*arm*acy/retail. I doubt they are going to need 14,000 sq ft stores with 25 year leases to pivot to become a “health company”.

  38. Phoenix says:

    Law enforcement and the courts enjoyed themselves helping my ex loot from me.

    Personally I don’t care if every CVS gets looted down to the last strip of vinyl on the floor.

    Or anyplace else. I’ll defend my own ground from now on.

  39. leftwing says:

    Think we’re in agreement, no?

  40. Juice Box says:

    re: ex-running back…and baby’s momma ex-girlfriend drama on the prime time news….

    That is the classic central Florida love story. Washed up athlete falls in love with a massage therapist/life coach and they live happily ever after on her hourly wages.

    I would say he got pissed when there was no booty on the call.

    When the go fund me link comes out make sure to write in the donation box that you specify the money is for therapy for the kid and only when he is old enough to realize he lives in Central Florida.

  41. leftwing says:

    for JB

  42. Juice Box says:

    agreement, yes timing of posts no.

  43. BRT says:

    Juice, my buddy’s br0ther is a pharmacist wh0 did quaIity c0ntr0I f0r Eckerd and Rite Aid. In the earIy 2000s, he was trying t0 get the pharmacists t0 st0p making mistakes 0n their prescripti0n fiIIing. 3% that went 0ut were wr0ng, which is abs0IuteIy crazy. They switched t0 a machine t0 fiII the m0st p0puIar 100 prescripti0ns. Err0rs went up t0 10%, because the pharmacists I0ading up the machine w0uId screw up when I0ading it and the err0r w0uId be c0mp0unded 0ver every prescripti0ns.

  44. Phoenix says:

    Minute clinics should be government offices like Motor Vehicles.

    No copay, just walk in, get a quick checkup, meds, and leave.

    Run the whole thing on Medicare/Medicaid.

  45. leftwing says:

    “agreement, yes timing of posts no.”

    LOL, yeah a lot of rapid fire conversations…not sure if I was agreeing to central FL crime, raiding stores, or…..

  46. Phoenix says:

    Won’t be long before the “John Q’s” start appearing.

    Movie was before it’s time.

  47. chicagofinance says:

    What Went Wrong With Zillow?

    A Real-Estate Algorithm Derailed Its Big Bet

    The company had staked its future growth on its digital home-flipping business, but getting the algorithm right proved difficult

    By Will Parker and Konrad Putzier

    When executives at Zillow Group Inc. pored over the company’s earnings in the spring, they saw a problem: The real-estate firm was making too much money.

    Zillow, which rose to prominence with online listings, had bet its future on an algorithm-based home-flipping outfit called Zillow Offers, which would buy houses, make minor renovations and sell quickly.

    The first quarter delivered home-sale profits that were more than twice as high as anticipated, the company said. Zillow expected to make money primarily from transaction fees and from services such as title insurance—not from making a killing on the flip. The company’s algorithm, which was supposed to predict housing prices, didn’t seem to understand the market. Zillow was also behind on its target for home purchases.

    By the summer, it had the opposite problem, the company later acknowledged. It was paying too much money for homes, and buying too many of them, just when price increases were starting to slow.

    This month, Zillow conceded failure in what amounts to one of the sharpest recent American corporate retreats. It said it would close Zillow Offers, which was responsible for the majority of the company’s revenue but none of its profits; cut about 2,000 jobs, or a quarter of its staff; and write down losses of more than a half-billion dollars on the value of its remaining homes.

    The company’s market cap, which closed at a peak of $48.35 billion in February, is now around $16 billion.

    Technology has in many ways transformed the hidebound real-estate industry. But Zillow ran into some of the limits of technology in a business still informed by emotional attachments, personal tastes and other intangible factors. Some current and former employees say the company’s missteps made matters worse.

    Computer-driven analysis has become mainstream in stock and bond markets, but buying and selling single-family homes has proved a trickier proposition. The real-estate market varies widely by city, region and type of property, with a range of aesthetic, social and other factors playing into Americans’ home-buying decisions.

    Zillow also overstretched its staff as it tried to catch up to competitors and disregarded internal concerns that it was overpaying for homes, according to former and current employees. It operated in an unpredictable housing market, with the pandemic fallout helping to spark the biggest housing boom in a generation. And Zillow suffered from supply-chain and labor issues that slowed its ability to renovate homes quickly. That was the breaking point for a business that executives once predicted would generate $20 billion in annual revenue.

    “Our observed error rate has been far more volatile than we ever expected possible,” Chief Executive Rich Barton told shareholders this month. “And makes us look far more like a leveraged housing trader than the market maker we set out to be.”

    The two biggest remaining digital home-flipping businesses, Opendoor Technologies Inc. and Offerpad Solutions Inc., have shrugged off Zillow’s failure. Opendoor has said its model is designed to respond to fluctuations in home prices, including seasonal changes. Offerpad touts its local networks that supply it with up-to-date details on different markets around the country. Both companies reported record revenues in the third quarter, though both also reported net losses.

    Sam Chandan, dean of New York University’s Schack Institute of Real Estate, said the complexity of the housing market makes it difficult to predict home prices months in advance. Some factors that have an impact on a home’s value are hard to capture with algorithms.

    “The system may capture that there are three bedrooms, but does it capture that they are laid out in a way that makes sense?” he said.

    Zillow continues to operate its traditional business, selling advertising and leads to real-estate agents through its website.

    News Corp, which owns Wall Street Journal publisher Dow Jones & Co., also owns online real-estate business Move Inc., a Zillow competitor.

    Zillow joined the digital home-flipping business, known as iBuying, in 2018 with the launch of Zillow Offers. The premise was simple enough. Zillow would use an algorithm to predict what a home would be worth in a few months and offer a cash sum to the seller that would account for a small profit and the costs of repairs. Home sellers could get the benefit of a near-instant cash offer, cutting out real-estate agents, listings and showings. Zillow intended to make no more than a 2% profit so that homeowners wouldn’t feel lowballed, a problem that could discourage future sellers.

    The business model rested on the assumption that Zillow’s algorithm, fed by the company’s trove of data, would be able to predict home prices with pinpoint accuracy.

    Zillow had broken some ground in this field with its Zestimate, a calculation that estimates the value for any home in the country. The Zestimate was often unreliable at first, but the company said in recent years its estimates for homes on the market are accurate within a median error rate of 2 percentage points.

    To get around the challenge of accounting for aesthetics, Zillow said in 2019 it had incorporated photographic analysis into its method of pricing homes, including factors such as natural light, quality of interior finishes and curb appeal.

    The company hired an army of more than 100 pricing analysts to double-check the algorithm’s numbers by looking at comparable sales, according to current and former employees. That reduced the risk of overpaying, but also made it harder to flip lots of homes quickly and cheaply.

    An unexpected surge in home prices and sales during the pandemic made it harder to predict the market. Buyers began giving priority to space and location in unusual ways.

    “That shift in buyer preferences is extremely hard for a machine-learning model to incorporate,” said Dave Meyer, vice president of data and analytics at BiggerPockets, a real-estate investing website.

    In the spring, around the time that Zillow started worrying about the accuracy of its algorithm, company executives and managers came together for a tense meeting, according to a person who attended.

    As first-quarter numbers trickled in, it became clear that even though it was making more money than anticipated, the company was on track to significantly miss its annual target for the number of homes it wanted to buy. Worse, it was falling behind its top competitor, Opendoor.

    “This is code red,” Joshua Swift, senior vice president of Zillow Offers, said during the virtual meeting, according to the person who attended. Mr. Swift declined to comment through the company.

    Zillow put together a plan to speed up the pace and volume of home purchases, dubbing it Project Ketchup—which employees took as a play on the team’s mission to catch up to Opendoor. Zillow planned to buy more homes by spending more money, offering prices well above what its algorithm and analysts picked as market value, people familiar with the matter said.

    In the second quarter, Zillow Offers bought more than 3,800 homes—more than double the previous quarter. In the third quarter, it bought 9,680 homes. The company was buying so many homes that its overstretched staff started running behind on closings and renovations, people familiar with the matter said.

    It struggled to find contractors and renovation materials amid a broader labor and supply shortage. That meant Zillow was in danger of sitting on homes for longer, adding to insurance and debt bills. It also meant many homes bought during the summer would likely have to be sold in the winter, when the housing market is usually weaker.

    Staffers grew concerned Zillow was paying too much, people familiar with the matter said. Analysts whose job it was to confirm the prices of homes found that they were routinely overruled, those people said, because the company had retooled the system to raise the analysts’ suggested prices. Automatic price add-ons coded into the company system, including one called the “gross pricing overlay” that could add as much as 7%, would boost offering prices to get more home sellers to say yes.

    Some Zillow employees complained about the pricing in company Slack channels and meetings, but their concerns went largely unaddressed or they were told that the model was working as intended, several current and former employees said.

    An analysis of home sales by Mike DelPrete, a real-estate tech strategist at the University of Colorado Boulder, showed that the median price Zillow was paying for homes in Phoenix—one of the biggest iBuyer markets—rose from $351,000 in May to $475,000 in September. By then, competitors had started to ease back on their purchase volume and pricing, but Zillow was still paying $65,000 more than the median home price, the analysis showed.

    On the sale side, an October analysis of hundreds of Zillow listings nationally by KeyBanc Capital Markets found that two-thirds of the homes were on the market at prices lower than what Zillow had paid for them, with the average discount on those homes being 4.5%.

    By the fall, the CEO said in an earnings call that the company expected it would have to sell its homes at a 5% to 7% loss, down from an average profit of almost 6% in the second quarter.

    In mid-October, Zillow halted future home purchases for the remainder of the year. In November, it shut down Zillow Offers for good.

    In a letter and in a call with shareholders, executives laid out their version of what went wrong.

    Mr. Barton admitted that the company’s algorithm had failed to accurately predict swings in home prices, upward and downward. If the company continued adding homes, it would have to weather other unpredictable periods in the market.

    Already this year, with the housing market cooling only slightly, Zillow was writing down the value of its homes by as much as 7%. Having to do that as a larger company with three or four times as many homes could be catastrophic.

    Zillow didn’t encourage enough people to sell their homes to the company in the first place. Only 10% of people who asked for a Zillow offer and eventually sold their home ended up selling it to Zillow, Mr. Barton said on the call.

    “We determined that further scaling up Zillow Offers is too risky, too volatile to our earnings and operations, too low of a return on equity opportunity and too narrow in its ability to serve our customers,” Mr. Barton told shareholders.

    Some analysts expect Zillow to start putting together the beginnings of a new business line to replace Zillow Offers, such as starting a “power buyer,” a company that helps home buyers make cash offers or provides special financing.

    Last week, Zillow announced a deal to sell 2,000 of its leftover homes to Pretium Partners, a New York-based investment firm that plans to operate them as rentals. That leaves Zillow with thousands more to sell.

    Zillow bought the Dorsetts’ home in Winter Springs, Fla., for just over $450,000.
    One of them is a 1980s four-bedroom home in Winter Springs, Fla., that Zillow bought in July from Karin Dorsett and her husband, George Dorsett.

    When they were getting ready to put their house on the market this summer, a couple of local real-estate agents recommended listing the home for $440,000, but said it could sell for more. Zillow offered just over $450,000, Ms. Dorsett said, and would charge a 0.1% transaction fee—far lower than the 5% one broker she spoke with planned to charge. “We are so glad we sold to Zillow,” Ms. Dorsett said.

    Zillow might not be. The home is now listed for $467,500. The price has already been cut three times.

    —Jim Oberman and Elisa Cho contributed to this article.

  48. Juice Box says:

    Phoenix – re: ” I don’t care”

    But other people do..

    Here is a test put up a go fund me link.

    Tell everyone you are sick of it all and would like to visit Paradise before you go…

    Warning LINK NOT SAFE FOR WORK or WIFE

    https://vimeo.com/141640393

  49. Phoenix says:

    There is a video. DA gives blurred video to defense. Subpoena required to get the non-blurred true video. Why would a honorable justice system attempt to hide the truth from Americans?

    A Pennsylvania teenager who was in the middle of a mental health crisis had his hands in the air when state police fatally shot him last December, according to new videos released Thursday.

    Footage previously released by the Monroe County District Attorney’s Office blurred the final seconds before Hall was killed.

    told The Post that the unredacted police footage, which were recently released following a subpoena, “

    “The unredacted video establishes that when the fatal shots were fired, Christian was standing still, with his hands in the air, with what was believed to be a gun in his left hand and pointed at the sky, in the universal stance of surrender,”

  50. Phoenix says:

    Juice,

    But other people do..

    Then let them handle it. Not my monkey, not my circus.

    I used to think the way you do, but not anymore. I learned plenty about the “justice” system.

    Here is another example:

    “Our detectives conducted a thorough investigation and consulted with the State Attorney’s Office. The investigation determined the officer was not speaking to a child, but an adult. Further, those actions were not criminal in nature. Such behavior was highly inappropriate, but not outside the parameters of the law. Through our investigation we do not believe the officer was speaking with any other underage individuals. Comments regarding the officer’s employment and law enforcement status must be directed to the Clay County District Schools.”

    The Clay County District Schools Police Department said the officer has resigned. The Department’s administrative inquiry is nearly complete.

    https://www.dailydot.com/irl/clay-county-school-officer-teen-sexy-bikini-pics-video/

  51. chicagofinance says:

    https://www.theguardian.com/global-development/2019/jun/22/trouble-in-paradise-rise-and-fall-of-germany-brothel-king-jurgen-rudloff

    Juice Box says:
    November 18, 2021 at 11:38 am
    Phoenix – re: ” I don’t care”

    But other people do..

    Here is a test put up a go fund me link.

    Tell everyone you are sick of it all and would like to visit Paradise before you go…

  52. leftwing says:

    chi, re: Z….two Fridays ago I whiteknuckled way too many written 65 puts into close that day….got out by the skin of my teeth….funny, I was just looking at this name again today.

    Not feeling like catching a falling knife and I expect this name will be a favorite one for tax loss harvesting into year end but my eyes do see a line at 52 and it does have real earnings….

  53. Juice Box says:

    Ch- Germany might be a good place for Phoenix to retire, that have a money-back guarantee and 50% off early bird special for seniors!!! He needs that kind of assurance that he can get his money back if he is not satisfied. No court appearances needed!!!

  54. Bystander says:

    “CT is much more rural than NJ. ”

    In NJ, when you had bad traffic or accident, you got off and found alternate path. You had to know the road network to survive. In south CT, you are f-ed – you have Merritt or 95 or if desperate, Rt 1/Post Road (which is shopping/traffic light hell). At 2pm on a Saturday, you are sitting in traffic on Merritt even though you are in mostly wooded area with no development.

  55. Juice Box says:

    She should fit right in…

    Biden’s Soviet-born comptroller of currency pick was arrested in 1995 for stealing four pairs of shoes, two bottles of cologne and socks worth $214 from T.J. Maxx:

  56. BidenIsTheGOAT says:

    It’s now home of the deep the hated being espoused on msnbc. They were using code words for anti white and I’m done cases anti Asian hate. They’ve dropped that send are now tearing off on the racist stuff. WTF.

  57. BidenIsTheGOAT says:

    Gone off the deep end

  58. D-FENS says:

    Judge in the Rittenhouse trial threw NBC and MSNBC out of the courtroom. Apparently last night someone from NBC was caught following the jury bus. Motherfkukers were trying to dox the jury.

  59. BRT says:

    Here’s an interview of Sandy Koufax from over 50 years ago where he retired early at the age of 30 due to pain and not wanting to take pills to play ball.

    https://twitter.com/BSmile/status/1461313022128009221

    At only 30 years of age, he sounded infinitely wiser than just about any other pro athlete I’ve heard from.

  60. Fast Eddie says:

    O’Biden’s approval rating now stands at 36% while the majority of the media places him in the most favorable light possible. I can’t even imagine the hatchet job the media would do on Trump if he was president and had the same failures as O’Biden.

  61. Fast Eddie says:

    At only 30 years of age, he sounded infinitely wiser than just about any other pro athlete I’ve heard from.

    You mean as opposed to pulling cell phones and sharpies out from under a goal post, crawling like a dog and p1ssing in the end zone, going up into seats to fight fans, walking off the field of play in protest, stepping on the American flag and turning a back on the American flag? I have a dozen more just within the last few years.

  62. Libturd says:

    BRT,

    My stepfather (who I consider my father) played ball with Sandy. He used to come over our house for dinner when I was too young to appreciate who he was. My dad’s claim to fame was that he got All-American in high school over Sandy. The truth is, back then, Sandy wasn’t a pitcher. He was just another outfielder with a strong throw home. My dad ended up getting a football scholarship to Columbia, but never played a game as two guys who ended up playing for the Jets, broke my dad’s legs playing football in the streets of Brooklyn the Summer before he attended. Columbia still honored his scholarship on merit as long as he maintained top grades, which he did. He ended up getting his masters in engineering from there as well. My dad’s high school, Lafayette, has so many famous alum, it’s outrageous. They actually put 13 kids into the MLB! My dad was born in ’34 for reference.

    Of all high schools in New York State, Lafayette has the most alumni, 13, who reached the Major League Baseball.

    Bob Aspromonte, baseball player[5] brother of Ken
    Ken Aspromonte, baseball player[5] brother of Bob
    Kevin Baez, baseball player[5]
    Tony Balsamo, baseball player[5]
    Sal Campisi, baseball player[5]
    Herb Cohen, author, negotiator
    Alex Coletti, producer
    Vic Damone, singer
    Benny Distefano, baseball player[5]
    Jeffrey Epstein, financier[6]
    Jerry Della Femina, author, restaurateur, advertising agent
    Pete Falcone, baseball player[5]
    Al Ferrara, baseball player[5]
    Mike Fiore, baseball player[5]
    John Franco, baseball player[5]
    Mike Garson, musician
    Gary David Goldberg, producer and sitcom creator
    Eugène Green, novelist, playwright, film maker
    Fred Hellerman, singer, songwriter[7]
    Robert Kerman, actor
    Jeffrey Kessler, sports and antirust lawyer
    Larry King, journalist and talk show host
    Sandy Koufax, baseball player[5]
    Richard LaGravenese, screenwriter
    Michael Lerner, actor
    Dave Liebman, musician
    Luis Lopez, baseball player[5]
    Norm Mager basketball player
    Peter Max, artist
    Larry Merchant, sportswriter
    Theodore Millon, psychologist, author
    Vickie Natale, singer, songwriter, and CBS Star Search champion
    Eric Ober, President of CBS News
    Rochelle Owens, poet and playwright
    Rhea Perlman, actress [8]
    Archie Rand, artist
    Steve Schirripa, actor and author
    Maurice Sendak, artist
    Paul Sorvino, actor
    Elliott Stein, film critic and historian
    Michael Steinhardt, financier
    Frank P. Tomasulo, film professor and journal editor
    Fred Wilpon, New York Mets owner
    Larry Yellen, baseball player[5]
    Walter Zanger, journalist and author

  63. Libturd says:

    Eddie,

    After four years of massive successes, didn’t Trump leave office at 34%.

    Give Biden some time.

  64. The Great Pumpkin says:

    ‘As long as we don’t fall into a recession,’ we’re in a long bull market, says ARK Invest’s Cathie Wood

  65. 3b says:

    Lib: I don’t think it gets better for Biden. He has lost the moderate/ centrist supporters who voted for him. The only positive I see is that people would rather he finish his term then have Harris. I don’t know how the Dems get rid of her without cries of sexism/ racism.

    Over on the Republican side not one on the horizon that I can see.

  66. Bystander says:

    Ahh, TDS makes its appearance. Mark the first person who did the incantation.

    ..Cathie Wood made these statements wearing her muumuu dress while situated in lower cost, lower talent HQ in Tampa..but is no way does it reflect on NYC.

  67. 3b says:

    Wow! Thanks Cathie! Profound!

  68. The Great Pumpkin says:

    Bystander,

    NYC is the most powerful place on this continent in terms of economics. It’s never going to die, only get bigger.

  69. leftwing says:

    “‘As long as we don’t fall into a recession,’ we’re in a long bull market, says ARK Invest’s Cathie Wood…”

    “Wow! Thanks Cathie! Profound!”

    Saw that headline this morning and thought the same thing….mistress of the obvious lol.

    As long as it doesn’t rain we’ll be dry….

    And of course our own resident master of the obvious is the one to chime in with it!

  70. JCer says:

    Biden’s poll numbers are astoundingly bad. Typically these polls over sample democrats. I’d guess only a quarter of Americans approve of the job he is doing, not even 1 year in he is one of the least popular presidents of all times. His performance does not inspire confidence, it is like watching someone in an old folks home. Sometimes I think they made Kamala the VP because she was the only candidate that was more unpopular than Biden.

  71. Fast Eddie says:

    After four years of massive successes, didn’t Trump leave office at 34%.

    And yet, the left needed overnight shenanigans to “count” newly found ballots. A few thousand here, a few thousand there was enough to put O’Biden over the top. Not exactly a landslide elections result considering Trump’s “so-called” 34% approval rating. And no one I know ever got polled.

  72. Bystander says:

    3b,

    Only a loser firm tries to nickel and dime with saving on real estate costs, labor costs and taxes. A dumb little birdie told me this.

  73. BidenIsTheGOAT says:

    Omg. Right on cue. Msnbc is banned from the rittenhouse trial for stocking the jury. What does it take to be labeled an extremist group.

    Any difference between blm, antifa and msnbc?

  74. Bystander says:

    Man, only a real sh&t candidate could lose to a man as bad and dementia-ridden as Biden.

  75. Fast Eddie says:

    Man, only a real sh&t candidate could lose to a man as bad and dementia-ridden as Biden.

    And Hillary lost to Trump. I’d like to see her description.

  76. Bystander says:

    She had Parkinson’s, ran a child-ring pizza parlor and singlehandedly killed Americans in Benghazi with her bare hands, Ed. A very smart network told us this.

  77. The Great Pumpkin says:

    She runs a small firm. She is older…66. What do a lot of people do at that age that have money? They move to Florida.

    Maybe that’s not the reason for leaving nyc, but I truly believe it is. She was probably planning this for years.

    Bystander says:
    November 18, 2021 at 2:08 pm
    3b,

    Only a loser firm tries to nickel and dime with saving on real estate costs, labor costs and taxes. A dumb little birdie told me this.

  78. JCer says:

    I don’t think the general public was aware how bad Biden is. He was pretty well hidden during the race, I think the QAnon batsh*t conspiracy stuff helped him. As indicated if not for the lies about Hillary in 2016 perhaps people would have caught on to the fact that Biden wasn’t just protecting himself from covid but rather protecting himself from people discovering his senility. Honestly I’m surprised at how bad he is, he seems really out of it.

  79. No One says:

    Imagine how low Biden’s poll numbers would be if media/journalists weren’t 80% or more leaning Democrat.

    A year after Biden’s elected president, SNL decided to open their show with a skit focused on Ted Cruz! Who virtually nobody cares about right now. As if he’s the highest ranked politician they could think of who is mock-worthy.

    I wonder if they even debated whether it might be funny to do a skit with Biden farting/sharting in front of the royal family that week? A comedy show ignoring that story is like getting a softball pitch tossed down the middle and instead of swinging at it, they run back to the dugout in tears and forfeit the game.

  80. The Great Pumpkin says:

    Biden was a hell of a politician in his heyday that ended his career with him being Vice President and President. We can hate him all we want in his old age, but the guy is more accomplished than 99.9% of the population. He has f/ed up son that couldn’t of ruined his career, but he was smart enough to get around it somehow.

  81. BidenIsTheGOAT says:

    The man shlt his pants in front of royalty. The depends sire commercial writes itself.

  82. No One says:

    Here’s what Cathie said recently:
    “I said to myself, many times, I’ll never move to Florida,” Wood said on Friday during the Florida Bitcoin and Blockchain Summit, held at Amalie Arena in downtown Tampa. “However, there’s a lot of investment into the Tampa Bay region taking place.”

    After traveling down Central Avenue in St. Petersburg with her chief marketing officer, their choice became solidified, she said.

    “He could see the possibilities. We’ve been to South by Southwest in Austin and saw what that did for the region, and his thinking was this feels like the next Austin,” said Wood.

    https://www.bizjournals.com/bizwomen/news/latest-news/2021/11/wall-street-cathie-wood-ark-investment-florida.html?page=all

  83. The Great Pumpkin says:

    Yea, she got older and feelings change, but maybe she did come there to change the scene. I just don’t see it at her age.

  84. Fast Eddie says:

    A very smart network told us this.

    Only to be topped by other networks telling us black guys who think logically are white supremac1sts.

  85. No One says:

    Biden was always a hack politician known more for playing the game than for having any original ideas. 25 years ago he was more famous as a plagiarist than anything else. He barely even won the nomination, again he didn’t so much as win it as make political deals with his competitors, since he was the least offensive Dem with a shot to win, so they struck deals with him in return for backing him, figuring he’d be out in 4 years or less anyway. Then they shoved in KH as VP for DEI purposes despite her total lack of popularity, hoping she would energize the black vote. Vote by mail was probably the decisive factor, along with the squelching of the Hunter B laptop story until after a huge number of people had already voted. Plus of course Trump being a massively delusional assh0le and incompetent president himself.

  86. No One says:

    On Cathie, both can be true. She will save money on her capital gains and income taxes and she can get a kick up in lifestyle. For wealthy people the Gulf Coast of FL is a lot of fun. In Sarasota there’s an opera house, concert hall, performance theaters, lots of restaurants, museums, gardens, yacht clubs, tennis and golf all over, beaches, MLB spring training, and good weather 7 to 8 months of the year. Tampa/St. Pete about an hour north has bigger business districts and NFL/MLB teams. If she wants to be a patron of the arts there she can be a big new dog, and won’t have to push through the long line of thousands of NYC bigwigs who already compete for charity bragging rights and getting their photos in the Times’ society section. And her donations will probably actually get something new done in FL, rather than being absorbed and consumed without a trace by the huge and entitled Charity/Arts bureaucracy of NYC.

  87. 3b says:

    Pumps : Can you point to any of Biden’s notable accomplishments in his nearly 50 years in DC? When he ran for President in the 1980s he had to drop out due to his lying and plagiarism. His constituents in Delaware continued to vote for him, once returning to his old “job” and he is re-elected year after year. Obama and his advisors were certainly not impressed by him. We get 4 years of disaster Trump, and this is what the Democratic establishment ram down our throats. Trump of Biden , wow what a country we have become. As for Biden’s son Hunter he is a mess , and there are legitimate questions surrounding him and his dealings.

    So if you find him impressive, it does not say much about you.

  88. The Great Pumpkin says:

    Like I said, he is good at what he does. If you can’t work the groups behind the scene to get deals done, you have no shot in hell to do well in politics. You know what they say.. don’t hate the player, hate the game. I have zero faith in the game ever changing.

  89. The Great Pumpkin says:

    It’s not easy to become President or live your entire life as a career politician. Ask Sweeney. You can respect what Biden did for himself without actually liking him as an individual.

  90. 3b says:

    Bystander: Certainly does not say much about her company if she moved it to Florida. Everyone knows Florida is full of high school drop outs and losers. And what about the talent? Who is going to move to Florida, everyone knows all the super smart super wealthy want to be in the NYC area. Who is she going to hire , MBAs from Florida State?

    She could have split her time between Florida and NYC , while keeping her firm in NYC, I mean she is 66 not 86. How can anyone have any confidence in her with moving her company to Florida?

  91. 3b says:

    Pumps: So you can’t point to any legislative accomplishments that Biden achieved. As for your comment it was hard for him to become President, that’s a joke. He was picked to be President by the Democratic establishment. I feel bad for him, he is totally out of it,his wife and family did him a grave disservice by letting him run for President.

  92. Juice Box says:

    Hunter Biden you mean the emerging artist from from Wilmington, Delaware?

    He is the talk of the town, he just sold over $350,000 in art at his first showing. There was not one but two glowing reviews of his mastery in the New York times for his solo gallery showing.

  93. JCer says:

    Florida is great for the wealthy, and most head north in May/June, the weather there is unbearable. My sister has friends who sold their business and did this, once the kids are out of school they head to their house on the Jersey Shore. The tax savings is nice and they were going to send their kids to private school anyway, they get to enjoy nice weather year round. I send 35k to NJ, if we weren’t working here why the heck would I continue to pay? So no pumps it’s not just old people, I think these people are early 40’s.

    My mom moved down to palm beach county and in her community there are quite a few younger families, they all use private schools, homes are over a million dollars, security is tight, and there is a mandatory club membership which has a 200k bond, property taxes are high but not NJ bad. Lots of rich older people from NYC and surroundings too.

  94. BRT says:

    Dude, who the heck steals from TJ Maxx?

  95. JCer says:

    BRT gotta be desperate to steal from a discounter….

  96. Old realtor says:

    Biden was elected by the same margin as the Trump landslide of 2016. Eddie, do you really buy into the stolen election narrative? Truly sad.

    Fast Eddie says:
    November 18, 2021 at 2:08 pm
    After four years of massive successes, didn’t Trump leave office at 34%.

    And yet, the left needed overnight shenanigans to “count” newly found ballots. A few thousand here, a few thousand there was enough to put O’Biden over the top. Not exactly a landslide elections result considering Trump’s “so-called” 34% approval rating. And no one I know ever got polled.

  97. No One says:

    Maybe she will claim it was an accident or an academic experiment. Stealing perfume is not exactly Jean Valjean stealing bread for his family to survive.
    Maybe she has a really bad BO problem.

  98. Ex says:

    I lived and worked in FL for several years in the early nineties. If you had a good background and some experience you could easily out gun the locals in most situations. The thing is that most who are in FL are not actually “from” there. The locals are one group, but a sharp transplant can do very well. Trouble is I met and married someone who hated Florida. She’s moved down there from Philly, took one look around and thought. Nope.

    Lot’s of back office stuff in FL, a few startups, and some assembly mfg firms. Money to be made, but not as fertile as a place with lots of Corp HQs.

  99. Juice Box says:

    BRT – What 28 year old law student shoplifts from TJ Maxx? It was shoes, cologne and socks. Not exactly food. Sure she was desperate, to be fashionable. Her free ride to American colleges and Law School after graduating from the University of Moscow was not enough.

    As anyone who worked in retail can tell you the shoplifters will keep doing it over and over. I would bet congress won’t ask that question however which is how many times did you shoplift before you got caught?

  100. BRT says:

    We may be in a bull market, but ARKK has been trading sideways nearly the entire year and the only thing keeping it that way has been Tesla’s bubblicious rise. I’ve begun my exit out of positions from this market. Sold XOM yesterday. Selling a lot of SMH today because I think Nvidia is too high. Probably hold onto Apple and Berkshire. Only thing I’ve bought the past month is palladium/platinum.

  101. BRT says:

    lol, more importantly, how did you get caught? Everything is on the floor!

    Sebastian Maniscalco on TJ Maxx….hilarious

    https://www.youtube.com/watch?v=xkJ5U6yhTwg

  102. Bystander says:

    The most overrated comedian alive. No wit, fake accent and basically uses over top mannerisms and pretty boy looks to fool Italian crowds into thinking he is hilarious.

  103. Libturd says:

    “The man shlt his pants in front of royalty.”

    I applaud him for this and only wish he did it inside the royal limo.

    Sadly, this may end up being his biggest accomplishment in my book.

  104. Bystander says:

    Dane Cook for Italians

  105. 3b says:

    Lib: I am sure ok with him shllting his pants too in front of royalty. If you shlt you pants it should not be worse because it was royalty, it’s not like they don’t shlt.

  106. Phoenix says:

    Germany? I could do the beer, but not the food.

  107. BRT says:

    By, who’s your top 5 stand ups?

  108. BRT says:

    Lib, I’m jealous. Just based on the few things I’ve seen, Sandy is in the GOAT conversation. That’s kinda the way it was in NY. My grandfather’s neighbor was Roger Maris. Basically, he was just a neighborhood guy that would hang out with everyone.

  109. grim says:

    Rt skyrocketing, we’re at 1.15 now, buckle up its going to be a shitty winter.

  110. The Great Pumpkin says:

    After the cost of security for the gated community and the cost of private school, nj is not a bad deal for the upper middle class.

    “property taxes are high but not NJ bad.”

  111. Fast Eddie says:

    No offense to all you maniscalco fans but I never found him that funny myself. I never got it… or him.

  112. The Great Pumpkin says:

    It’s a loading zone. Esp arkg. Have to remember, we just had a massive run up in growth stocks. People took their profits out of growth stocks. This creates the consolidation and good prices. Sooner or later, they are all going to pile back into high growth. Inevitable. Could be tomorrow, or 4 years from now, but sooner or later it’s going to blow up. Only a matter of time. Buy when people hate it, and then sell it to them when they love it.

    BRT says:
    November 18, 2021 at 3:44 pm
    We may be in a bull market, but ARKK has been trading sideways nearly the entire year and the only thing keeping it that way has been Tesla’s bubblicious rise. I’ve begun my exit out of positions from this market. Sold XOM yesterday. Selling a lot of SMH today because I think Nvidia is too high. Probably hold onto Apple and Berkshire. Only thing I’ve bought the past month is palladium/platinum.

  113. joyce says:

    The doorbell bit was funny.

    Bystander says:
    November 18, 2021 at 4:14 pm
    The most overrated comedian alive. No wit, fake accent and basically uses over top mannerisms and pretty boy looks to fool Italian crowds into thinking he is hilarious.

  114. Ex says:

    Not Bystander but:

    Comics:

    1. George Carlin
    2. Bob Newhart
    3. Robin Williams
    4 Eddie Murphy
    5 Richard Pryor

  115. Juice Box says:

    re: RT is 1.15….

    Anecdotal my son’s tutor who is a teacher in town now has Covid, cancelled our session this week and went and got tested. BTW she is an excellent tutor my son’s attention has never been better.

    I think I heard my son singing these lyrics the other day……

    “I think of all the education that I’ve missed
    But then my homework was never quite like this”

    https://www.youtube.com/watch?v=6M4_Ommfvv0

  116. grim says:

    Rt 1.15 – Hotspots look to be central jersey and the shore.

    Monmouth, Ocean, Middlesex, Burlington and Camden

  117. leftwing says:

    Diamond Dave….christ he looks so young there….

  118. Libturd says:

    Ex,

    No love for Chappelle? Your list is too white.

    Mine would be
    1: Kinison
    2: Pryor
    3: Chapelle
    4: Martin
    5: Dangerfield

    Honorable mention to John Belushi.

  119. The Great Pumpkin says:

    I’m going to get railed on for this…but I get happy when the market drops. Dollar cost avg strategy applied long term loves to be fed some cheapies. Older you get, this no longer applies. If I could go back to my 16 year old self and just invest in any sector in the stock market…the compounding would be incredible already.

    If you have time, investing is easy. When older, f’ing tough, that’s why most people are better off having it managed at some point when they are older.

  120. Bystander says:

    BRT,

    No offense. To each his own, I never got Bill Hicks or even Richard Pryor really, in term of laughing real hard. It really depends on style and originality. I love well done observational humor with social commentary so Carlin, Rock, Burr. Old school Bruce, Dangerfield, Red Fox (so dirty) even Youngman has some great stuff. To be honest, cerebral style stuff is funniest to me. Steven Wright’s brain amazes me. Norm MacDonald was smart and fearless. To a lesser extent, Mitch Hedberg who was amazing at times. I think Anthony Jeselnik’s stuff can be brilliant though so dark, not for all.

  121. BRT says:

    I agree, Carlin, Burr, and definitely Norm. But I still think Sebastian is funny. I like his older stuff better than his latest act though.

  122. BRT says:

    I’m glad I missed on out the loading zone.

  123. BRT says:

    Forgot about Robin Williams. Chappelle I like, but I was really disappointed in his most recent one. Just wasn’t funny to me. The new Asian guy that was on the daily show, Ronny Chieng was pretty funny.

  124. leftwing says:

    “I get happy when the market drops. Dollar cost avg strategy applied long term loves to be fed some cheapies.”

    You are a caricature.

    HEY DUMBASS, dollar cost averaging works on the way UP, also….

  125. The Great Pumpkin says:

    Lefty, but it works lovely when it’s down early in the first couple of minutes or even first half in a long long game. Not many people understand it. It’s hard to root against yourself in the beginning, but it makes all the difference in the end.

  126. The Great Pumpkin says:

    Wow, he was on point with this.

    “Just a reminder, over the last decade – this stock was @jimcramer ‘s highest conviction call at 8x sales, he even named his dog “Nvidia.”

    $NVDA”

  127. BRT says:

    dude, you were just badmouthing semiconductors yesterday

  128. Ex says:

    7:25 it was a toss up!! Almost a tie w/ Williams edging out Chapelle.

  129. Libturd says:

    Rodney in CaddyShack was one of the best comedian cast in a movie role ever.

  130. Fabius Maximus says:

    Newhart is just not that funny.
    I’ll swap in Joan Rivers. Not that nice a person, but funny as he11.

  131. 3b says:

    Actually, Newhart is very funny; you just don’t appreciate it.

  132. Ex says:

    Illinois just reached an alarming milestone: each Illinois household is now on the hook for, on average, $110,000 in government-worker retirement debts. That figure is the result of dividing Illinois’ $530 billion in state and local retirement shortfalls among the state’s 4.9 million households. In 2019, the burden was $90,000 per household.

    Illinois’ retirement debts increased to $530 billion in 2020, according to a Wirepoints analysis of Moody’s Investors Service debt estimates. This is the first year the credit rating agency’s estimates of Illinois’ retirement debts, made up of both pension and retiree health shortfalls at the state and local level, have broken $500 billion.

    The jump in Illinois’ shortfall, up nearly $100 billion compared to 2019, was due largely to the drop in interest rates as a result of the COVID crisis. Illinois’ shortfall is expected to remain elevated in 2021 despite the market recovery.

  133. Phoenix says:

    They say
    Donald Trumps yielding his power and stepping away
    Is that true?
    I wasn’t aware that was something a person could do
    I’m perplexed
    Are they going to keep on replacing whoever’s in charge?
    If so, who’s next?
    There’s nobody else in their country who looms quite as large
    Joe Biden?
    I know him
    That can’t be
    That’s that little guy who spoke to me
    All those years ago
    What was it, eighty-five?
    That poor man, they’re gonna eat him alive!
    Oceans rise
    Empires fall
    Next to Washington, they all look small
    All alone
    Watch them run
    They will tear each other into pieces
    Jesus Christ, this will be fun!
    Da da da dat da dat da da da dai ya da
    Da da da dat dat dai ya da, hahahahaha!
    President Joe Biden
    Good luck!

  134. Fast Eddie says:

    Re Comedians: I find some amusing quips on XM when I’m in the car. Some are really funny, most are just meh. Some are naturals at it, others try to play the role of a comedian too much. I find the women comics who talk about their personal lives really funny. They come up with some good stuff. Dangerfield, Kinison in the past, Robin Williams but only for short durations, Carlin in the earlier years when he was a comic and not a political consultant.

    The night show hosts think they’re funny but they’re anything but. They’re pandering to 50% of their audience and it’s anger, not comedy. Somebody mentioned SNL having a golden opportunity to do an O’Biden skit and they opted for Ted Cruz. Talk about a reach but it’s to be expected from that side.

    Some of Ralphie May’s stuff is nuts and I always love watching John Pinette. The guys and gals who did the Dean Martin Roasts were great but the younger crowd doesn’t have the patience and sophistication to appreciate the subtleties.

  135. grim says:

    Illinois just reached an alarming milestone: each Illinois household is now on the hook for, on average, $110,000 in government-worker retirement debts.

    No, they aren’t. All they need to do is leave, which is the calculus that’s not considered. Detroit, Buffalo, Pittsburgh, Milwaukee, etc etc.

  136. The Great Pumpkin says:

    Man, corruption blows. Better yet, human nature is sad.

    How do you even explain this? $110,000 for each citizen? Where did the money go? Of course, they are going to blame the workers. Sad.

    Ex says:
    November 18, 2021 at 10:38 pm
    Illinois just reached an alarming milestone: each Illinois household is now on the hook for, on average, $110,000 in government-worker retirement debts. That figure is the result of dividing Illinois’ $530 billion in state and local retirement shortfalls among the state’s 4.9 million households. In 2019, the burden was $90,000 per household.

  137. Phoenix says:

    All they need to do is leave.

    What about NJ?

  138. The Great Pumpkin says:

    After thinking about this inflation issue some more, I’m convinced it’s transitory. We are all fools. Capitalists are taking advantage, it’s in their nature. You know the saying, never let a good tragedy go to waste. They are making up whatever excuses they can to make up for whatever was lost due to the covid pandemic. That’s the bottom line. It’s so easy to raise prices right now and blame inflation, supply line issues, or the labor market. F’ing bs and it’s criminal.

  139. The Great Pumpkin says:

    Oil hit an absolute low last year, and what happens the following year? Almost 100 dollar oil….criminal. I can go on and on.

  140. The Great Pumpkin says:

    It’s amazing what happens when every business believes they need to raise prices at the same time. Competition goes out the door and they are only focused on raising prices. Profits are out the door, so wtf are they raising prices?

  141. leftwing says:

    “Lefty, but it works lovely when it’s down early in the first couple of minutes or even first half in a long long game. Not many people understand it. It’s hard to root against yourself in the beginning, but it makes all the difference in the end.”

    Possibly one of the stupidest statements ever. Even from you.

    OK, dumbass, let’s deconstruct…..for any return in the out years on any investment it is mathematically impossible that a ‘decline first’ scenario in the front years beats an ‘up first’ scenario. Ever….

    Basic. Fcuking. Math. You. Moron.

    It is even worse than your pea-brain can comprehend….

    Gains needed to recapture declines are not symmetrical to the loss…Example…Your first ARKK investment is off about 25%…for you to make up the loss on that tranche the shares need to rise by 33% – not 25% – to get you back to breakeven…

    Anyone who DCAs rising shares will be up significantly before you are even back to par….you can’t ever catch their car on the highway ahead of you…it simply left much earlier than you did….

    You know, I had you on ignore for the better part of five years because your unending stream of constant idiocy regularly defaced this forum. I have no idea why anyone here engages you. If I wanted the level of intellect, real world experience, and emotional maturity you exhibit I would hang out in a Friday night basement party with my HSer’s friends.

    Others can continue to entertain your idiocy and emotional insecurity here. I’m out.

  142. Fast Eddie says:

    Illinois just reached an alarming milestone: each Illinois household is now on the hook for, on average, $110,000 in government-worker retirement debts.

    From those with means to those who leech. Hope and change at its best.

  143. Libturd says:

    I’m leaving.

    For the record, from 2016 to 2020 (Lord Murphy’s tenure), Jersey’s unfunded pension liability went from 65% funded to 58%. And this does not account for the 100 billion healthcare liability which is growing faster than the pension liability.

    Some back of the envelope math. NJ has 9 million people and a 200 billion short fall. $22,000 per every man, woman, child and binary trans. That’s over half a year of NJ per capita’s income.

    I think we should all work the first half of 2022 for free and make NJ whole. Oh wait, that’s gross. Very gross!

  144. Phoenix says:

    Eddie,
    All you need to do is to leave. Problem solved. It was posted above.

    Question is should you have to?

  145. BidenIsTheGOAT says:

    Okay, so far one dem has said FU to the salt cap repeal. Repeal the cap and pay for it with increased enforcement on everyone else. BBB is an absolute horse dung piece of legislation.

  146. Phoenix says:

    Go dump some Tea in Raritan Bay.

    That will show them who is boss.

  147. 3b says:

    Lib: The public sector unions in NJ dominate. We work for them.

  148. 3b says:

    It always gets strange in here at night.

  149. The Great Pumpkin says:

    Lefty, listen to this, and understand it. You do not understand long term investing. Just please be open minded, and understand dollar cost avg.

    Even if you only bought at the top of every market cycle over the past 40 years, and held, you would make significant money over time. You can’t time the market man, but you can play a strategy where you can’t lose if YOU HAVE TIME ON YOUR SIDE. I can’t lose on ARK over time, simply impossible, unless the economy crashes into nothing.

    https://youtu.be/YfbB9GFEVxw

    leftwing says:
    November 19, 2021 at 8:49 am
    “Lefty, but it works lovely when it’s down early in the first couple of minutes or even first half in a long long game. Not many people understand it. It’s hard to root against yourself in the beginning, but it makes all the difference in the end.”

    Possibly one of the stupidest statements ever. Even from you.

  150. The Great Pumpkin says:

    Oh stop, everyone knows the corporations run the show. Lmao..public unions dominate nj. That’s why my pension has been robbed for 30 years.

    3b says:
    November 19, 2021 at 9:05 am
    Lib: The public sector unions in NJ dominate. We work for them.

  151. 3b says:

    Pumps: As I said public unions dominate the state of NJ

  152. Phoenix says:

    Lefty, listen to this, and understand it. You do not understand long term investing. Just please be open minded, and understand dollar cost avg.

    Hahaha.

  153. The Great Pumpkin says:

    And where did this money go? I guarantee into the pockets of public and private companies, but blame the f/ing workers.

    Fast Eddie says:
    November 19, 2021 at 8:55 am
    Illinois just reached an alarming milestone: each Illinois household is now on the hook for, on average, $110,000 in government-worker retirement debts.

    From those with means to those who leech. Hope and change at its best.

  154. Phoenix says:

    Don’t like public unions, Grim has your answer.

    “All they need to do is leave, which is the calculus that’s not considered. ”

    Lib gets it. It is the only answer.

  155. The Great Pumpkin says:

    He doesn’t, or he wouldn’t have wrote that ignorant post. He has no concept of long term investing. He only focuses on short term. He wants to make money at all times. If you are playing it long, who f/ing cares what the current price is? Esp if it is getting beat up, that’s a gift when playing it long term. We are talking about ETF funds here man, not individual stocks.

    Phoenix says:
    November 19, 2021 at 9:16 am
    Lefty, listen to this, and understand it. You do not understand long term investing. Just please be open minded, and understand dollar cost avg.

    Hahaha.

  156. Phoenix says:

    Work from home.
    Far from here.
    Keep your money for yourself.
    If you are valuable to your company, a profit maker not a profit taker.
    Only losers go to jobs you can’t work from home.
    Those are peasant class individuals.

  157. The Great Pumpkin says:

    Just going to bail it out at the federal level if everyone tries to run. Are you just going to abandon one of the highest producing GDP states per sq mile? That might work.

    Phoenix says:
    November 19, 2021 at 9:18 am
    Don’t like public unions, Grim has your answer.

    “All they need to do is leave, which is the calculus that’s not considered. ”

    Lib gets it. It is the only answer.

  158. BRT says:

    New Jersey’s rising, on target again. Mask mandates don’t do anything. Florida is at baseline despite no one wearing masks, they’ll go up again likely in December/Jan. Seasonality…that’s all that matters.

  159. Phoenix says:

    Pumps,
    Work from home is the answer.

    Paying for a car and having it depreciate from adding miles to it going to your job should be a tax write off. Same with the fuel you buy.
    But it isn’t. Its a tax on the peasant class that go to their menial sub cerebral jobs to make them pay for the sins of being idiots.

    It’s time for you to step up your game, work harder, be part of the productive class-not the taking class- and work from home.

    Life is better that way.

  160. Phoenix says:

    BRT

    Dilution is the solution for the pollution.

    Cramped up inside, up goes the rate.

    Rule works for the overcrowded state of NJ as well.

  161. Trick says:

    Just got the call from the nurse, son was identified as having close contact with some that has covid at school. Figured he would be home for 10 days, but since he is vaccinated and has no symptoms he is good to go.

  162. The Great Pumpkin says:

    Maybe you didn’t realize I meant dollar cost avg strategy. In your first few years of starting this strategy, it’s a gift from god if you are dollar cost avging into a falling market. That market will rise again, and you will have loaded up on cheap pricing giving years or decades to compound.

    What is foolish about this? Why are you busting my balls?

    The Great Pumpkin says:
    November 18, 2021 at 8:18 pm
    Lefty, but it works lovely when it’s down early in the first couple of minutes or even first half in a long long game. Not many people understand it. It’s hard to root against yourself in the beginning, but it makes all the difference in the end.

  163. 3b says:

    Phoenix: Maybe they can move to Florida like Cathy!

  164. Phoenix says:

    Anyone who can make great money WFH and staying in NJ is a fool.

    Better tax rate in Florida and many other states. Why pay 40k in taxes only to complain about it when you can have a house 3x the size with lower taxes elsewhere?

    Is it the wonderful traffic, the well maintained roads, the historic buildings of Paterson?

    What keeps a WFH person in Jersey anyway other than their love for paying huge amounts of money to the so-called “takers?”

  165. NJGator says:

    @Trick – Yup. No requirement to test either. We tested our older vaccinated son when he was exposed a few weeks back and informed the nurse when he tested negative and she literally was like “Oh. Ok. Thanks.”

    Not to mention that he was allowed back in school before they even shared the details of when he was exposed…so we didn’t even have any info to guide us on whether he might still be at risk to test positive.

  166. 3b says:

    Pumps: If you want to make a point on som, don’t start with “ Understand This “, it’s obnoxious.

  167. Libturd says:

    “Mask mandates don’t do anything”

    Especially when people don’t follow them. I’ll still pop mine on when running into Dunkin to grab a coffee. I still stay out of crowded places inside. At the end of the day, exposure time in the aerosol plume is what will determine whether you are exposed or not. Even if a mask blocks a third of the particles, I’ll still wear it.

    Though it’s anecdotal, one by one, our friends seem to be catching it. My family wears masks and is overly careful. There is no way to tell if we are lucky or not. But, if I catch it, it will be proof that masks don’t work. I agree, none of these mandates matter. Because noone follows them. Heck, no one seems to even follow traffic laws anymore.

  168. Phoenix says:

    Jersey. Pony up more producing taxpayers. Time to pay for others “sins.”

    https://www.nj.com/mercer/2021/11/3-nj-cops-who-stomped-handcuffed-black-teen-to-be-incited-mayor-says.html

  169. Phoenix says:

    Lib,
    You are correct, it’s all about compliance.

    America is turning into a lawless country, for reasons like the one I just posted above.

    It’s not going to be easy to correct-maybe not at all.

    You have the right plan- bailing out will be the correct way to go.

  170. Libturd says:

    Phoenix,

    Once I’m established. I plan to reach out to others. Though you must replace your love of retail with an appreciation of nature and conversation. That is what dominates Pura Vida.

  171. The Great Pumpkin says:

    I love Jersey. It’s hard to live in other places after living in north jersey. It’s the truth. It’s a special place.

    You take it for granted until you move. Sure, there are other places like north jersey(but not on its scale), but they are just as expensive or cost more. Honestly, most of these other desirable locations in cali, texas, carolinas, nash, arizona, florida etc are all way more money.

    People that move for taxes, are individuals running from income tax not property tax. Property taxes are a mirage, states with lower property taxes tax you with a bunch of other stuff, so it really doesn’t make much of a difference as it seems. Income tax is the deciding factor.

  172. The Great Pumpkin says:

    Yup.

    “#Bitcoin  is absolutely undermining the dollar as a global reserve currency.”- H Clinton

    https://bitcoinmagazine.com/culture/hillary-clinton-fears-bitcoin-will-undermine-dollar-as-world-reserve-currency

  173. The Great Pumpkin says:

    Did you read the post I was responding to? That wasn’t obnoxious? You are such a hater, say nothing to him, but bust my balls when I respond back.

    3b says:
    November 19, 2021 at 10:03 am
    Pumps: If you want to make a point on som, don’t start with “ Understand This “, it’s obnoxious.

  174. Phoenix says:

    Lib,
    I’ve never had a love of retail. What I enjoyed was fixing old retail items so new ones did not need to be purchased.

    Problem is, I don’t think now the country I live in is fixable anymore.

    There comes a time when you have to concede defeat.

    Carlin was right. Burr is right. Jeselnick is right.

  175. Phoenix says:

    The dollar is undermining itself by being based on a country whose constituents have weaker bonds than a non-polar covalent compound.

  176. grim says:

    Well, pops was 6 months past his 2nd shot, covid pos last night. He went to CVS two days back to get his booster, but they only had PFE (even though he was Moderna), so he skipped it – not that it would have made a difference. No co-morbidities or anything, relatively healthy, very active, not really worried that he’ll end up in the hospital or anything. My brother went out to get some Abbott tests this morning, said they were sold out almost everywhere he went, when he found some, they were limiting them. I was able to find one last night.

    Feels like we’re tipping over the edge given the Rt jump yesterday and the day before.

  177. Fast Eddie says:

    punkin face,

    No school again today?

  178. Crushednjmillenial says:

    Pumpkins commentary in disparaging Florida and praising NYC is actually inherently and hypocritically negative on NYC.

    Cathy and many other firms can go to FL. For now, NYC-based businesses owned by metro NYC-based individuals are still earning the profits from a lot of what happens in FL (or, anywhere). Cathy’s interns rent apartments owned by a NYC-based real estate syndicator, which is 60% owned by NYC metro household, Cathy’s leverage is supplied by a NYC-based broker with substantial local operations, and the toothbrush Cathy used this morning came to the USA on a boat at Port Newark and was trucked down to FL by a trucking company based in Moonachie.

    Will NYC decline in relative power and prosperity compared to the rest of the US? Sure, of course. Who the heck cares. The adjustments will be made. White people born in US move out, Dominicans and Indians move in. WFH or moving to cheaper locales isn’t really the long-term steamroller of this area. It is the IL-style unfunded liabilities. Then, when normal nj houses have $30k tax bills rather $10k tax bills is when this paradigm shifts.

  179. 3b says:

    Pumps: I said your use of the term Understand this is obnoxious and condescending. I did not comment on the contents of your post , simply your use of those two words.

  180. Phoenix says:

    Pumps,
    What makes it so great? You telling us so?

    Taste is individual. But this state is downright cray-cray.

    Rt 80 is like Nascar stock racing, but with police funeral procession pace cars to ruin your day, or 100 mph out of the backstraight to get jammed up with a bunch of grannies driving Buicks with blue license plates.

    Pit stops are car dealers that charge you 500 dollars to replace a finnegan pin.

  181. Crushednjmillenial says:

    Lib leaving to CR . . .

    Are you listing your multi soon? I ask because if you are set on heading to CR, I am wondering if you are concerned about locking in current high RE valuations with a sale. Plus, at this time of year, a closing will happen in 2022, thus giving you time to tax loss harvest and make other such decisions throughout 2022 for cap gains purposes.

  182. Phoenix says:

    The problems with Covid are more a problem of a dysfunctional society than of the virus itself.

    Let that sink in for a minute.

  183. 3b says:

    Phoenix: High taxes are one thing, but how is it justified in this state? The roads and highways are falling apart, the transit system is 3rd world. The automated station stop announcements system on my line has been broken for years, the conductors can’t be bothered to announce the stops, or if they do, they are not understandable. Everything looks dirty , graffiti starting to show up in the nice towns too. Doing local errands is a challenge just getting around with all the traffic. Corruption, red tape and on and on. Where does all this tax money go?

  184. Phoenix says:

    NJ taxes so high they made a man do the unthinkable and stick his head into a running lawn mower blade with a tip speed of over 18,000 feet per minute.

  185. Phoenix says:

    3b
    I don’t care how many dollars you throw at this state, you aren’t going to fix it.

    It’s a psychological issue. Not a financial one.

  186. grim says:

    What’s the difference between a predatory adjustable rate mortgage that unexpectedly resets to an unaffordable amount, and NJ property taxes?

    We talk about poverty and foreclosure issues in NJ, when is the state going to take some accountability for creating that situation?

    You have a leader who is so tone deaf to the problem, that he basically brags about it as a sign of honor or something, not realizing that 3/4 of the state is struggling with housing affordability, and NJ’s taxes is quickly becoming the single largest driver of that.

  187. Phoenix says:

    Which thief (or thieves) get the money.

    “What’s the difference between a predatory adjustable rate mortgage that unexpectedly resets to an unaffordable amount, and NJ property taxes?”

  188. Phoenix says:

    Does anyone remember Joseph Goryeb? What business was he in?

    Predatory or non-predatory?

  189. Phoenix says:

    Back the Blue got Murphy in.

    Let that sink in for a minute.

  190. Phoenix says:

    “You have a leader who is so tone deaf to the problem,”

    Not tone deaf. Doubling down.

    Anyone not being helped by his policies are people he has distain for.

  191. Chicago says:

    Phoenix on fire today. Pun intended.

  192. Hold my beer says:

    House passes 1.75 trillion bill of cr@p while the big guy gets a colonoscopy
    Can’t make this stuff up.

    https://www.dailymail.co.uk/news/article-10221327/House-PASSES-Bidens-1-75T-social-climate-package.html

  193. Fast Eddie says:

    Kevin McCarthy spoke for 8.5 hours. A $1.75 trillion dollar bucket of slop and shit that the dems are going to gorge themselves on. The tier one crowd is cooing over the ‘caring and compassionate’ left1sts while the tier 3 crowd laments the death of American moxie.

  194. 3b says:

    Austria going back to full lock down, Germany may follow.

  195. The Great Pumpkin says:

    Grim,

    Hope it works out with your dad. Sorry to hear.

  196. The Great Pumpkin says:

    They can’t fix the kids so we will fix you.

    Sums up teaching.

    So over this job and the never ending busy work that leads to nowhere. And in a few years we will have another administrator and it starts all over again.

    You can take this job and shove it where the sun don’t shine. I’m so sick of it and would never recommend anyone to waste your life doing it.

    Fast Eddie says:
    November 19, 2021 at 10:45 am
    punkin face,

    No school again today?

  197. The Great Pumpkin says:

    Phoenix,

    We are too far into the late stages of capitalism. You can’t run or hide from this. Everywhere is f’ed. Humans can’t handle capitalism. They run up the debt and crash it every f’ing time. We are a destructive species..plain and simple. Ask the native americans.

  198. Fast Eddie says:

    Not Guilty, all counts.

  199. Crushednjmillenial says:

    And now, the countdown to the malicious prosecution lawsuit begins.

  200. grim says:

    I really feel the outcome would have been different if that prosecutor wasn’t such a pompous idiot.

  201. Phoenix says:

    This may have been the plan all along. You know, like when a player throws a game.

    “I really feel the outcome would have been different if that prosecutor wasn’t such a pompous idiot.”

  202. Phoenix says:

    Shhhh. Quiet. Don’t let Murphy find out.

    “Austria going back to full lock down, Germany may follow.”

  203. Phoenix says:

    Producers.
    People who make things like this are producers.
    80 ft is treetops.

    https://youtu.be/Kf3EWKdW4oI

  204. BRT says:

    grim, the only thing I thought they could get him on was a weapons charge. But I’m not familiar with all the laws and regulations. With respect to the murder charges, they were BS from the get go, and I posted the raw videos including one that was scrubbed from the internet and I said, he would get off from day 1.

  205. Fast Eddie says:

    I hope every liberal talking head has a f.ucking aneurism. And I hope the first lawsuit the kid flings is at Brandon. The time to fight back against c0cksuckers on the left is long overdue.

  206. Phoenix says:

    Eddie,
    Do you want to see Wisconsin gun laws in NJ? Would you like them to be the same?

    Vote for me and I will do my best to make it happen.

  207. BRT says:

    Shhhh. Quiet. Don’t let Murphy find out.

    “Austria going back to full lock down, Germany may follow.”

    Nice, let’s continue to follow things that never worked in the first place

  208. grim says:

    I believe they threw the illegal possession charge because apparently it only applies to handguns or other short barreled guns – like “sawed off shot guns”, and not a long gun like a rifle. Was listening to something on NPR or CNN maybe, and they had mentioned that this wasn’t an unexpected scenario in the law, and that at the time the law was passed, this was something that was specifically considered (and necessary at the time to get the votes to pass the law).

  209. grim says:

    “Prosecutors argued it was clear that Mr. Rittenhouse’s possession of the gun was illegal and that the jury should be asked to decide on the charge. The defense lawyers argued that the statute barring “possession of a dangerous weapon by a person under 18” did not apply in this case.

    The statute says it applies to minors carrying a rifle or shotgun only if they are not in compliance with at least one additional statute. Those include the regulation of “hunting and use of firearms by persons under 16 years of age,” and the prohibition of rifles with barrels less than 16 inches long.

    Mr. Rittenhouse was 17 at the time of the shootings. The judge threw out the charge after nobody in court disputed the length of the gun’s barrel.”

  210. Phoenix says:

    The time to fight back against c0cksuckers on the left is long overdue.

    Translation:

    Do you hear the people sing?
    Singing a song of angry men?
    It is the music of a people
    Who will not be slaves again!
    When the beating of your heart
    Echoes the beating of the drums
    There is a life about to start
    When tomorrow comes!

  211. Phoenix says:

    This is my rifle
    This is my gun
    This is for fighting
    This is for fun.

    What a great flick.

  212. grim says:

    Rt up to 1.17 from 1.15

    We go up now

    It’s Friday, go get your booster, it’ll give you an excuse to not have to deal with the leaves tomorrow.

  213. Juice Box says:

    Weren’t there people fired for supporting Rittenhouse after hackers breached the data from the GiveSendGo crowdfunding website that was being used to raise money for his legal defense and were then doxxed including a cop from Norfolk Virginia? The taxpayers there are going to be paying up for sure.

  214. JCer says:

    Germans and Austrians follow rules, if it isn’t working there it definitely doesn’t work here. I was thinking about a Swiss or Austrian Ski vacation this winter glad I didn’t book it, seems like the covid will be back in full force again.

  215. The Great Pumpkin says:

    I have to get out of this country. My friend was golfing. The golf course erupted into cheers upon hearing about the decision in the case. WE ARE TRULY F’ED as a country. Unbelievable.

    And yes…I blame trump for the state of our country. He really f/ed it up.

  216. Phoenix says:

    PUmpy,
    Trump and Biden are not the problems.

    They are like the festering pustule on your glans that are a symptom of the disease.

  217. Phoenix says:

    The taxpayers there are going to be paying up for sure.

    Pony up time producers!

  218. Fast Eddie says:

    I have to get out of this country.

    buh bye.

  219. Phoenix says:

    Don’t worry, Musk has the answer. He is going to start a college called:

    Texas
    Institute of
    Technology and
    Science.

    It will develop the AI that will be running for President by 2028.

  220. Libturd says:

    Crushednjmillenial,

    Got another 20 months here still and the rental income is fantastic. p

    I’m ot worried about a crash in real estate. Not in Montclair at least. And it’s not a, “my sh1t don’t stink,” biased comment. Montclair is just too desirable to too many. If you don’t want in for the progressivism, then there’s the great restaurants, the arts, the acceptance of mixed and gay families, the supposed diversity, the urban high school, etc. If real estate drops, Montclair will drop too, but it’s gonna take longer too and the premium will remain. Right now, houses in Montclair are selling at ludicrous levels. I can easily be happy with slightly less than ludicrous gains. The other truth is that I need to do a lot fixing up around the place to improve the curb appeal. The kind of stuff where I invest 10K in strictly aesthetics and get back closer to 50K. If you were to judge the places on the block from one to ten, my house looks like a three. I need to get it to a seven or eight. I can do this for 10 to 20K. Mostly paint and landscaping.

    Not disappointed in the Rittenhouse decision at all. He did not break any laws. Now about those lousy laws. Be careful what you wish for.

    Crime is shooting up around here. The amount of auto theft and simple car break-ins is outrageous. From the ring video, you can tell it’s a profession outfit. They wear masks and gloves too. Then there are all of the car accidents, like I’ve never seen before. Finally, a day does not go by that someone does not zoom past me at > 100 mph when I pick up my son.

  221. chicagofinance says:

    Happy Birthday to you.
    Happy Birthday to you.
    Happy Birthday dear Jesus.
    Happy Birthday to you.

    Phoenix says:
    November 19, 2021 at 2:24 pm
    This is my rifle
    This is my gun
    This is for fighting
    This is for fun.

    What a great flick.

  222. Juice Box says:

    Seveal ring camera reports around here again this week of car theft attempts. The car theft gangs have been getting off our exit on the parkway and hitting up nearby homes. If the PoPo simply sat at the parkway exit and watched for them it would be easy to perhaps catch some in the act. I suspect that kind of policing is called profiling so won’t be attempted. Perhaps I will put up some road signs for the thieves directing them to the Governor’s neighborhood which is full of high end cars. I am pretty sure his 24×7 State Police detail will stop anyone coming down his street day or night. Heck they chase away the kayakers on the River.

  223. No One says:

    People may have cheered the KR verdict because 1) the actual evidence suggested that he was innocent of the charges despite 2) CNN & MSNBC blatantly misrepresenting the facts of the incident for over a year and trying to turn into a race war something that had no racial relevance. So both the innocent and the guilty got some justice. MSNBC will probably continue to go on about race regarding this trial, because they employ people who inject race into everything. Much like the heads of “Diversity, Equity, and Inclusion” who are taking power in your schools, employers, and local government offices.

    Constrast this to the OJ trial when many people celebrated the verdict, even those who actually thought OJ was guilty, simply due to his race, and the racializing of the law.

  224. Juice Box says:

    Pumpkin – When OJ was acquitted there were cheers, dancing and hugging in the office where allot of people had gathered to watch it live on TV. I could only think about how crazy that was at the time, but there was not enough evidence so the acquitted him.

    Now we have several videos of the shootings and it’s the laws that failed not the jury. The gun crime law they tossed is a joke. He had no right to have his friend perform a straw purchase of a weapon, he was from out of state and underage. That kid that bought the gun is facing two felonies and Rittenhouse is walking. It is crazy, the laws there need to be fixed children should not be armed.

  225. The Great Pumpkin says:

    No one,

    For me, the case proves we have no morals or values. Everyone knows what that kid did was morally wrong, but hey, the law somehow says this is okay. Not even one lesson taught to this kid. It’s sad, not something to cheer. What does it say about this kid’s parenting?

  226. Phoenix says:

    Just call Rittenhouse Security Services and ask for Kyle. No one will steal your trinkets with him on the job.

  227. The Great Pumpkin says:

    Juice, well said

  228. Bystander says:

    It is very simple, a state of emergency area means you are not allowed to bring guns of any kind, as protester or vigilante. The police are trained and equipped. If they were not them at least 60 red hat dolts should have been shot and killed at Capitol and Trumpies here would have to accept police were “defending” themselves and not cry Kyle’s baby tears.

  229. Phoenix says:

    Time for a new version of Taxi Driver, Magnum Force, or Death Wish.

    Done right would be a box office hit.

  230. Bystander says:

    Phoenix,

    There is some Jeselnik style humor there somewhere about getting ex-wives to protest.

  231. Ex says:

    So long rifles are OK….?

  232. Phoenix says:

    Welcome to the legal system. Good luck fixing it. Well, now you know, it ain’t Judge Judy now is it?

    “That kid that bought the gun is facing two felonies and Rittenhouse is walking. It is crazy, the laws there need to be fixed.”

  233. Phoenix says:

    The law has nothing to do with morals. If what he did was legal, so be it.
    Funny how some like the law enforced until they don’t like one, then they say it’s not any good.

    Can’t have it both ways. Suck it up

    “Everyone knows what that kid did was morally wrong, but hey, the law somehow says this is okay. It’s sad, not something to cheer.”

  234. The Great Pumpkin says:

    You know his father is the type that would be yelling and screaming about masks or CRT at some board of ed meeting. I’ll take that bet any day of the week because you know the apple does not fall far from the tree.

    “What does it say about this kid’s parenting?”

  235. Phoenix says:

    You know his father is the type that would be yelling and screaming about masks or CRT at some board of ed meeting.

    You know his father is the type that would shoot a homeless guy for stealing a loaf of bread to feed his child.

    Corrected it for you.

  236. chicagofinance says:

    I just looked at ARKK. I haven’t paid attention. WTF? -11% YTD… are you kidding? With TSLA 10% of the fund? How can you fcuk up that bad?

  237. Libturd says:

    Cathie can’t focus with so many disruptions.

  238. The Great Pumpkin says:

    She’s all business baby. Love her. Let’s go!

    “I ran for Congress on a pledge to lift the cap on state and local tax deductions – on SALT. This morning, I voted to do just that. This is such a huge win for North Jersey as I continue to work to make our state more affordable for families.”

    https://twitter.com/repsherrill/status/1461753418473775108?s=21

  239. The Great Pumpkin says:

    You know why. High growth stocks topped and are finding a consolidation zone.

    chicagofinance says:
    November 19, 2021 at 5:08 pm
    I just looked at ARKK. I haven’t paid attention. WTF? -11% YTD… are you kidding? With TSLA 10% of the fund? How can you fcuk up that bad?

  240. Ex says:

    You know his father hates banging his mom and rents out truck stop whores at $fiddy a pop.

  241. The Great Pumpkin says:

    The parents of Anthony Huber, one of the people killed by Kyle Rittenhouse, released a statement on Friday after Rittenhouse was found not guilty on five counts. nyti.ms/3qUlDWw

    https://twitter.com/nytimes/status/1461797714107187205?s=21

  242. Ex says:

    Up next…. civil suit.

  243. BRT says:

    Pumps, tell us what you think of Anthony Huber and Joseph Rosenbaum

  244. Bystander says:

    Rosenbaum was a literal lunatic. Huber was a hero trying to take down crazed active shooter. Say what you want but Little Charles Bronson and his little medic pack ran fast away, gun up through a crowd. Funny how the fake EMT did not care to help guy dying in street by his gun. The guy from Daily Caller did have enough sense and care.

  245. The Great Pumpkin says:

    I think are all a bunch of crazies.

  246. The Great Pumpkin says:

    Why in the world was a 17 year old with a loaded gun walking around during a riot in a town he does not live in is highly questionable. Wtf kind of parenting is that? Parents should be prosecuted.

  247. The Great Pumpkin says:

    Intense selling in many of the high growth stocks, some down 8-10% without any “news”.

    Market breadth is getting narrower by the day, only a handful of stocks holding up the indices. They’ll be the last one’s to get shot.

    Market tops are a process, not a single day event.

    https://twitter.com/saxena_puru/status/1461832441493016576?s=21

  248. Grim says:

    He said he was there because his dad lives there, and he spends time there while at his dads.

  249. The Great Pumpkin says:

    Can we all agree that the parents are a part of the problem.

    What kind of parents lets their 17 year old go run around with a loaded gun in the middle of a lockdown during a full on riot? Those parents should be prosecuted, they are the problem.

  250. The Great Pumpkin says:

    Watch this video. Knocks it out of the park.

    “Retweeting again because this was the most eloquent 2 minute explanation of what’s happening I’ve seen yet. Thank you all for your work! #SALTcapRepeal #UncapSALT”

    https://twitter.com/saltcap1/status/1461861827596492803?s=21

  251. The Great Pumpkin says:

    If the state has taken what you already earned, the federal govt should not be able to tax it. I thought you guys stand by principles? So why were you for this salt cap, when it’s clearly double taxation? Team red is lost in the woods once again.

  252. The Great Pumpkin says:

    Thank you @RepMalinowski – proud to have you representing NJ!

  253. The Great Pumpkin says:

    Kyle Rittenhouse’s Acquittal Does Not Make Him a Hero
    The verdict is not a miscarriage of justice—but an acquittal does not make a foolish man a hero.

    https://www.theatlantic.com/ideas/archive/2021/11/kyle-rittenhouse-right-self-defense-role-model/620715/

  254. Ex says:

    Third Jab baby! Chillin’ –
    Good week.

  255. 3b says:

    SALT benefits the wealthy not the middle class, that Malanowski claims to care about. Keep raising those taxes!!

  256. The Great Pumpkin says:

    Is it not double taxation? Stand by some principles. How can you tax what is already being taxed? It’s wild to hear republicans support this.

  257. Phoenix says:

    Jordan gets over 1B in aid from our tax dollars.

    In return, the King of Jordan buys mansions in America.

    Good to know how my tax dollars are hard at work.

    https://to.pbs.org/30QAV3U

  258. Chicago says:

    Left: wasn’t sure what to think of The Big Red, especially after they choked on their own vomit in Cambridge. However, the seemed to have shot up to #10 in the NCAA’s. That said, Quinnapiac appears to be the big boys this year.

  259. Phoenix says:

    Jersey……

    A motorist called police shortly before 8:30 a.m. to report that a tractor-trailer driver had fired at least one shot through his windshield as the truck and the motorist’s car traveled west on Route 78 in Watchung, according to New Jersey State Police. The motorist was not struck, they said.

  260. Walking says:

    I drove 78 last week all the way to the end on my way Carlisle . Lib you were not kidding. There were 4 accidents. All flipped tractor trailers with one in Berkeley heights and another flip and fire near Phillipsburg. All east bound during the morning rush.

  261. BRT says:

    Walking, last month, there was a 3.5 week period where we had a flipped trailer on 78 every single day. And it wasn’t just morning. It was both morning and afternoon. An accident happened right next to me at the Berkeley Heights at exit 41 during that period. The period from Sep 2020 to June 2020 was the most peaceful time I’ve ever seen on 78. Once October this year hit, it became and absolute free for all.

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