From Forbes:
Home Prices Hit Record High, Giving Sellers Much To Be Thankful For
Home prices hit an all-time high of $359,975 in the four-week period ending November 21, according to a new report from Redfin, a technology-powered real estate brokerage. This was up 14% year over year, the largest increase since early September.
Prices have risen in the past month nearly four times faster than they did at the same time last year. The unseasonable surge in home prices appears to be drawing in more sellers, as the number of homes listed for sale was down less than 3% from 2020 and up 11% from 2019.
“Rising rents and rising prices on everything from gas to groceries may be motivating more people to buy homes now,” said Redfin chief economist Daryl Fairweather. “Buying a home is a type of hedge against inflation, especially with mortgage rates still near historic lows. If high inflation persists, a large home mortgage could seem a lot less expensive in just a few years.”
JC – hope your little one gets over it quickly.
Happy Turkey Day ya’all. Hang with your relatives and have a great meal, outside!
Happy Thanksgiving from your favorite pumpkin troll.
Tested this morning. All clear.
Lefty, when real estate is up come this summer, don’t forget to say nice call. Remember what you said this past summer when I said prices would continue to rise.
“Prices have risen in the past month nearly four times faster than they did at the same time last year. The unseasonable surge in home prices appears to be drawing in more sellers, as the number of homes listed for sale was down less than 3% from 2020 and up 11% from 2019.”
Happy Thanksgiving!
Happy Thanksgiving you turkeys!
Hi,
Best Music Drum N Bass 2021 https://scenednb.blogspot.com/ download private server.
Best Regards, Francis
If this is what heroes do, what exactly are cowards up to?
A police officer was arrested for attempting to hide the body of a 29-year-old nurse who he struck and killed on the Garden State Parkway, authorities said.
Louis Santiago, 25, an officer in Newark, was off duty when he swerved into the right shoulder and struck Damian Z. Dymka, of Garfield, on the northbound side of the parkway near Exit 151 around 3 a.m. on Nov. 1, Acting Essex County Prosecutor Theodore N. Stephens, II said.
Neither Santiago nor his passenger, Albert Guzman, 25, of Newark, called 911 and instead, put Dymka’s body in the back of Santiago’s 2005 Honda Accord, Stephens said.
The pair then drove with the body to Santiago’s mom’s house to discuss what to do with the body, before returning to the scene, authorities said.
Santiago’s dad, a Newark police lieutenant, called 911and reported his son was in an accident
Santiago’s mom, Annette Santiago, 53, of Bloomfield, and Guzman were charged with conspiracy to desecrate human remains, hindering apprehension, and conspiracy to hinder apprehension and tamper with physical evidence.
https://dailyvoice.com/new-jersey/morris/police-fire/police-officer-brought-bergen-nurses-body-home-to-mom-after-killing-him-on-parkway-prosecutor/820711/
LW
Don’t forget to wish your ex a happy Thanksgiving today.
Happy Thanksgiving y’all.
The NY Post
Biden approval hits single digit:
Nantucket man reportedly gives POTUS the finger
“Here’s what’s going to happen: market will have spasm, drop 2-4% off all time highs, it will painted as ‘plunging’, ppl will freak, Fed will say something indicating delayed hikes and/or they’re ready to help and we’ll be back at ATHs bf we know it. If I’m wrong, I’ll own it.”
“This spasm does re-confirm bitcoin is a risk asset, like a high, high beta stock and will get prob crushed way worse than stocks when (or maybe if) there’s bear mkt as tourists panic sell. That said, long-term I do see it morphing into more gold-like returns.”
Trust in ark, dudes. Major correction has already happened and current prices are deals long term.
“Sure, certainly plausible scenario . However , there has been a rolling bear beneath the surface for months”
“Def correction in ARK-ian stocks. We know. My tweet was about SPX. I will say tho I’m not a fan of the Since All Time High Shamers. This table should have 2yr return and 5yr return (but that would take away from the shaming I know)”
The End Is Nigh (NJ RE Report Pierogies Edition):
https://nypost.com/2021/11/25/walmart-removes-dancing-cactus-toy-that-plays-cocaine-song/
That epidemiologist email ruined my morning Stu.
New variant. But not to worry, Fauci is on the case. We need to study it and let it spread in the US before we ban travelers from South Africa
https://www.dailymail.co.uk/news/article-10246179/Fauci-says-not-ban-flights-South-Africa-now.html
George Carlin on germs & viruses
https://www.youtube.com/watch?v=X29lF43mUlo
Sorry Grim.
On the bright side, 6 weeks till a booster hopefully.
HMB,
Travel ban won’t help according to the experts. They are political ploys that have no impact on the spread. Sadly, vaccines are the best deterrent. Hesitancy is the enemy still.
Travel bans are not evidence-based: It may seem like travel bans are a necessary step, but I cannot stress enough that they do not work. For example, we had a travel ban with China in March 2020, only to be infiltrated with a European strain. Travel bans are a political move; a tool to show the public that the government is responding. Travel bans can do a lot of damage, though, like perpetuate disease related stigma. This variant has already spread. A travel ban is not an evidence-based solution.
Individual-level protection. None of this variant stuff changes what you need to do on an individual-level right now. Unless, of course, if you weren’t doing anything at all. Get vaccinated. Get boosted. Ventilate spaces. Use masks. Test if you have symptoms. Isolate if positive. And encourage others to do the same.
Immunocompromised: It looks like this variant has major implications of virus evolution in immunocompromised hosts. This underscores the need to ensure that immunocompromised people are protected by their communities. Not just for their sake, but for all of ours.
https://yourlocalepidemiologist.substack.com/p/new-concerning-variant-b11529
Guess what variant is next? The Xi variant. Must be the final boss.
Sincere question, if travel restrictions do not work, does social distancing work?
Nothing works to stop it. Get the spread over with, treat it, and move on.
Libturd says:
November 26, 2021 at 11:15 am
“Travel bans are not evidence-based: It may seem like travel bans are a necessary step, but I cannot stress enough that they do not work…”
Yet another case in which T was right and the dopes in charge now were wrong…
NYT 01/18/21 — “President Trump on Monday ordered an end to the ban on travelers from Europe and Brazil that had been aimed at stopping the spread of the coronavirus to the United States, a move quickly rejected by aides to President-elect Joseph R. Biden…Jennifer Psaki, the incoming White House press secretary for Mr. Biden, said the new administration would not allow Mr. Trump’s directives to take effect.
‘With the pandemic worsening, and more contagious variants emerging around the world, this is not the time to be lifting restrictions on international travel,’ Ms. Psaki tweeted…’On the advice of our medical team, the administration does not intend to lift these restrictions on 1/26’…”
Yes, Trump the world savior.
The one trick pony thought Schiano was as well…when you are clueless, you are truly clueless.
Joyce,
Admittedly, the science is changing with the mutations. The initial B variant was more droplet and the D and Nu variant are more aerosol. With that said, it is not so much an established distance than it is the conditions in the room. It still comes down to viral load and exposure time, which is why masks still serve to help reduce these things, as does plexiglass. But the best example I heard so far is the example of cigarette smoke. If you can see the smoke around you, than you are in close enough range to catch the virus. If you are outside, you would have to be directly in the smoke screen. If you are indoors, ventilation will help dissipate the smoke as will the distance you are away from the smoker. No ventilation in a small space and that smoke will float visibly in that room for minutes.
Still, the vaccines and monoclonals (if given early enough) are critically important. You don’t want to get any of these strains.
Someone who says the best way through is for everyone to expose themselves to the virus is patently false. The virus still needs to run it’s course, yes. Millions less will die or be seriously injured and even the symptoms and the length they last are all significantly reduced when your body has been exposed to the vaccines first.
And yes, if you lock yourself in your house, you won’t get it.
For what it’s worth, Schiano is probably going bowling in his 2nd year back. You really can’t say that for any coach before him, well besides his last tenure. I like Schiano. He’s smart, motivating, plays by the rules and doesn’t allow nonsense. The fact Rutgers will never beat the likes of a Bama, Ohio State or even a Penn State, is not the coaches fault. That I blame on the governor. NJ kids just don’t stay in NJ to play. There is no Jersey pride in sports. It’s really the product of being located between New York and Filthadelphia.
Pumps,
This is why WFH is here to stay.
https://www.youtube.com/shorts/d28b2_-9aQM
Biden has banned travel from 8 African countries starting Monday. Guess he doesn’t want to rely on fauci’s suppository of knowledge.
https://www.dailymail.co.uk/news/article-10247227/US-ban-travel-eight-African-countries-bid-stop-spread-Nu-COVID-variant.html
Lib: There is no pride in Jersey Colleges either. All the years I am out here, all I have heard is how great our primary education system is, and how its worth the high taxes. Yet I can’t tell you how many people I know over the years who sent their kids to Univ Delaware, URI,, JMU, Costal Carolina , and Univ Tennessee. The same states with the supposedly horrible primary school systems. I was not born and raided in NJ, these are just my observations after all my years here. As for south Jersey, I would swear many of them have convinced themselves they are actually part of PA.
Child custody is fun!
https://worldstarhiphop.com/videos/video.php?v=wshho15XSq0lfPD7szmk
And yes, if you can afford to lock yourself in your house, you won’t get it.
Jersey is the state where those from Pa and NY pass through and deposit their NOx into the atmosphere and provide Nascar like traffic entertainment.
Northeast education (NJ, NY suburbs, CT, MA) in HS is better than other states. Kids enter college well ahead of their peers. But kids can play catchup freshman year pretty easily.
Keepin’ it real at Jersey Gardens Mall.
https://www.reddit.com/r/PublicFreakout/comments/r2nvnd/trashing_a_mall_and_causing_panic_in_under_1/?utm_source=share&utm_medium=web2x&context=3
BRT: You can comment on that better than I can of course, but I believe my point is valid.
I see the DOW dropped close to a 1,000 points today.
Thanks, O’Biden!
Oh Lawwwwwwd ifffn only Trump would come back
& assume his mantle, JFK Jr by his side.
3:18 uh, that just means that their kids probably couldn’t get into
a NJ State School. Eyeroll.
BREAKING: South Africa’s health minister says vaccines appear to be ‘providing protection’ against new Omicron coronavirus variant
also the SA medical chief told mild symptoms.
Today was a good orchestration of manipulating the markets. Monday will bring more high numbers for market, oil and all. Somebody made a killing again
Ex Uh no, it does not, ( bigger eye roll).
Today it was announced that the US is now banning travel from S. Africa and 7 other nations that have a majority black citizenry.
This is such obvious racism by the entire Biden administration. He must be forced to explain why he is so racist against Africans. Disgusting.
Bill Burr shorts on Roku- what a laugh.
So I just saw the new Ghostbusters. Phenomenal movie. Stayed for the credits and small after scenes. While parts of that movie were outsourced to India. Almost all of the art was Indian names exclusively. I guess Hollywood has figured out how to outsource as well.
Dow suffers worst Black Friday selloff since 1931.
Let’s Go Brandon!
If 2008 taught us anything, it’s commodities can get ahead of themselves, have massive pullbacks, and establish new equilibriums. I sold XOM in anticipation of that. Powell and company will use any pullbacks as justification to continue insane monetary policy. If you recall oil crashing from $150 to $30 then $50, they referred to it as deflation.
Either way, the market is just waiting to be spooked. Everyone trying to ride out the wave before it crashes. But the exit doors can only hold so much foot traffic. Is this the trigger? I have no idea. But I’m out of a lot of positions and holding a few inverse funds as a hedge.
I’m pretty bearish. This is not the trigger IMO. Wait at least until someone is actually at their trading desks. I think we bounce back next week without any FEDspeak even. When we see 4% days and the ten year nearer to 2 than 1.5, then I might join you in the inverse.
Who Gives and Who Gets?
Explore the Balance of Payments between States and the Federal Government
https://rockinst.org/issue-areas/fiscal-analysis/balance-of-payments-portal/
The #BuildBackBetter Act includes a SALT deduction cap fix to cut taxes for middle-class families. I was proud to help secure this provision and will keep pushing until it’s signed into law.
https://twitter.com/repdelgado/status/1464356853408796676?s=21
Seems like it.
njtownhomer says:
November 26, 2021 at 4:48 pm
BREAKING: South Africa’s health minister says vaccines appear to be ‘providing protection’ against new Omicron coronavirus variant
also the SA medical chief told mild symptoms.
Today was a good orchestration of manipulating the markets. Monday will bring more high numbers for market, oil and all. Somebody made a killing again
You are too smart for investing, it holds you back.
You see the logic, but understand the market is not based on logic.
BRT says:
November 26, 2021 at 9:29 pm
If 2008 taught us anything, it’s commodities can get ahead of themselves, have massive pullbacks, and establish new equilibriums. I sold XOM in anticipation of that. Powell and company will use any pullbacks as justification to continue insane monetary policy. If you recall oil crashing from $150 to $30 then $50, they referred to it as deflation.
Either way, the market is just waiting to be spooked. Everyone trying to ride out the wave before it crashes. But the exit doors can only hold so much foot traffic. Is this the trigger? I have no idea. But I’m out of a lot of positions and holding a few inverse funds as a hedge.
You are too smart for investing, it holds you back.
You see the logic, but understand the market is not based on logic.
I’m taking massive profits this past year. You are still “loading up”. Your ARK funds need to double from here to even match my returns for the year.
The #BuildBackBetter Act includes a SALT deduction cap fix to cut taxes for middle-class families. I was proud to help secure this provision and will keep pushing until it’s signed into law.
This just gives Murphy breathing room to raise taxes again.
Patience. It’s a long game.
BRT says:
November 27, 2021 at 9:01 am
You are too smart for investing, it holds you back.
You see the logic, but understand the market is not based on logic.
I’m taking massive profits this past year. You are still “loading up”. Your ARK funds need to double from here to even match my returns for the year.
Look at oil fly down. 5 handle coming? Cathie and the FED were correct…transitory inflation.
sorry bud, I sold XOM at 64.5.
“ This just gives Murphy breathing room to raise taxes again.”
Murphy could care less, you think elimination of the salt deduction really slowed anything down?
Give me a break. NJ is stupid not to take every penny it can. Let some else be fiscally responsible, not our problem.
You’re right. He literally campaigned on raising taxes in his first run.
You better watch out.
You better not cry.
You better shout I’m telling you why.
Oh Mi Chron is coming to town.
Hopefully the “producers” will be able to stay one step ahead, while the “takers” are making money.
the WHO showed once again that they answer to China first. Had to avoid the “Xi variant”
Timing the market requires way more luck than skill, that’s why most people lose playing it. Most of the time going to miss the run up. It’s just easier to dollar cost avg long term on stocks that have huge growth potential through disruptive tech.
But hey, no single right way to play the market, you do what works for you.
BRT says:
November 27, 2021 at 9:32 am
sorry bud, I sold XOM at 64.5.
Amen.
It’s double taxation anyway.
Grim says:
November 27, 2021 at 9:32 am
“ This just gives Murphy breathing room to raise taxes again.”
Murphy could care less, you think elimination of the salt deduction really slowed anything down?
Give me a break. NJ is stupid not to take every penny it can. Let some else be fiscally responsible, not our problem.
“With data going back to 1998, the current NYSE McClellan Oscillator level of -70.12 is more oversold than 90% of other trading days.
Historically, such extreme oversold levels have often been followed by above-average returns over the next 1-12 month period.”
Buy those cheapies if playing it long term.
They finally get it.
“High home prices this time reflect real demand
Robust demand is another reason the current housing market is unlikely to collapse anytime soon. The number of Americans who can reasonably afford a home, and are now looking to buy one, is rising even while inventory remains stagnant. The pandemic contributed to this in three ways: the number of new homes coming onto the market slowed as existing homeowners decided not to sell; emergency federal protection allowed people who had lost income to pause mortgage payments for a time, and supply chain and labor shortages left builders scrambling to get new houses up fast enough to meet demand.”
https://qz.com/2093806/the-current-us-housing-market-boom-isnt-likely-to-lead-to-crash/
Real demand? Like Zillow?
Oh Joy….News cycle going wild over the Omni variant…..
“Black Friday sales up nearly 30% from last year.”
Thanks, President O’Biden!
And in other news, I see those Scandinavian gangs are enjoying black Friday shopping with numerous smash and grab episodes amongst various high end shops!
Wasn’t that the name of the bad guy in Transformers?
Home Depot was looted for crowbars, mallets and sledgehammers.
Nice to see the young folks getting into construction
Crazy Gary reminds me of Elaine Benes with her love of exclamation points.
Juice …that’s tools for their next job …..
Got my tax assessment card today for 2022. + $98,700 in one year!
Taxes paid last year were $13,626. Lets see what the town will try and do as we are re-assessed ever year.
Elaine Benes was a Latina, non-Latina!
Cathie Wood: Ark ETFs Should Quadruple Over Next Five Years
Cathie Wood, the prominent investing chief at Ark Investment Management, says the firm’s exchange-traded funds should quadruple over the next five years.
https://www.thestreet.com/investing/cathie-wood-says-ark-etfs-should-quadruple?fbclid=IwAR3Vrlk2tFoDE0te42EqjdzSn0ATCjYoNjuuGB_YENbtfV5cLfdHOGhco30
Libturd: My IQ should quadruple over the next five years if I ignore all of Pumpkin’s posts.
Phoenix,
For you.
https://twitter.com/davenewworld_2/status/1464217544294866965?s=21
Tesla can’t see the camel
https://twitter.com/anasalhajji/status/1464669392172720137
“People undervalue the importance of appearance for success.
The highest ROI thing you can do for your kid’s future?
Braces.”