From the WSJ:
Mortgage Rates Are High Because Nobody Is Buying Mortgages
Bank of America Corp. BAC -1.69%decrease; red down pointing triangle gobbled up hundreds of billions of dollars of mortgage bonds during the height of the pandemic. But with rates rising, its buying spree has ended.
Banks have stepped back from buying mortgage bonds. So has the Federal Reserve, the largest investor in that market. Foreign buyers and money managers are curtailing purchases too, analysts say.
The lack of buyers has helped push mortgage rates to their highest level in 20 years. The average 30-year fixed mortgage rate topped 7% recently, further cooling a housing market that was red hot just a few months ago.
When lenders extend mortgages to people buying homes or refinancing, they don’t usually hold on to the loans. Instead, they pool them into bonds that get sold to investors, often with a guarantee from a government-controlled entity that investors will get repaid.
Today, a shrunken pool of buyers are demanding a higher yield to own mortgage bonds. That is driving up the rates on the mortgages inside those bonds at a faster pace than their benchmark, Treasury yields. The gap between them was recently the biggest since the 1980s, according to the Urban Institute.
“Banks stepping back, the Fed stepping back, foreign investors stepping back—that has widened the spread that mortgages trade at versus Treasurys, which directly translates to the borrower’s mortgage rate,” said Nick Maciunas, a research analyst at JPMorgan Chase & Co.
Last year, an abundance of buyers for mortgage bonds helped hold mortgage rates at near record lows.
first
Hosting company was migrating servers this morning, ran longer than expected.
Shows you how distorted rates have been given that grim’s artilcle described the Federal Reserve as the largest “investor” previously in mortgages.
When a central planner is the biggest “investor” in anything, watch out below. They are the dumbest money around, because their focus is manipulation, not returns.
From CNBC:
Household debt soars at fastest pace in 15 years as credit card use surges, Fed report says
Households increased debt during the third quarter at the fastest pace in 15 years due to hefty increases in credit card usage and mortgage balances, the Federal Reserve reported Tuesday.
Total debt jumped by $351 billion for the July-to-September period, the largest nominal quarterly increase in 2007, bringing the collective household IOU in the U.S. to a fresh record $16.5 trillion, up 2.2% from the previous quarter and 8.3% from a year ago.
The increase follows a $310 billion jump in the second quarter and represents a $1.27 trillion annual increase.
So people are no longer flush with stimulus payments; all that money gone.
Is Kari Lake still in the run for VP?
SEA Limited, +40% today. I guess losing hundreds of millions of dollars to FTX is bullish.
Does the market like Russian attacking NATO country? Two dead from missile hit in Poland per AP.
Libturd from yesterday:
“That live free thing may be going to far down there. It should not include such things as driving the wrong way down major roads or letting your 5 year-old autistic kid swim in the Atlantic unsupervised. I mean, the parents were in the hotel 3 properties away.”
I’ll bet the people in the hotel were from out of state. Maybe they were doing this as an attempt at very late term abortion. Lakes with gators work too, even at Disney World.
Driving is generally poor around where I’m at, mostly because the drivers are very old. The one main road in my town runs 10 miles through the island, and 95% of it has a 45mph speed limit. All it takes is one codger going 35mph to create a backup behind him. On a town facebook discussion group where someone last week was complaining about snowbirds back and not driving the limit, there were a dozen old biddies who chipped in to defend driving 35mph as a lifestyle choice.
Let me guess – you were in the Miami area, Libturd?
BRT,
Dead cat bounces are always a risk after stuff has been crushed as hard as that.
Yes. Mainly between Boca and Miami. We stayed at the Riptide in Hollywood Beach. Was decent enough. Especially for how little we paid.
For what it’s worth, did not see much MAGA anything.
Even after this bond rally, I am seeing 2 yr broker traded CD’s for 5%+.
Very,
For the newly formed independent party called Donnie’s Ragtime election denier orchestra…yes, probably so. What a brutal slaughter. Part of me thinks Donnie announces he is not running at 9pm. Surprise everyone..I have a hard time believing that his frail ego could withstand being a laughing stock, unsupported by either party. Does the family even want it? Maybe Ivanka will sit on his lap and whispers in his ear, not to do it. Nahh, he is off the deep end into insanity so he will run.
Leftwing,
My expertise is buying real estate far enough below market to make a profit. Happy to offer advice if you are interested. Where you are looking, how flexible you are about your purchase and the laws concerning sale of foreclosed real estate in the State you are buying in will all factor into how useful my advice will be.
High TV ratings
Bystander says:
November 15, 2022 at 3:35 pm
Very,
For the newly formed independent party called Donnie’s Ragtime election denier orchestra…yes, probably so. What a brutal slaughter. Part of me thinks Donnie announces he is not running at 9pm. Surprise everyone..I have a hard time believing that his frail ego could withstand being a laughing stock, unsupported by either party. Does the family even want it? Maybe Ivanka will sit on his lap and whispers in his ear, not to do it. Nahh, he is off the deep end into insanity so he will run.
Shocking to see SNL actually host comedy.
I hear Chappelle had to do a fake monologue in rehearsals to get through the SNL woke thought patrol, then did his real bit live. I also heard all of SNL’s non-binary “comedy” writers refused to participate.
https://www.youtube.com/watch?v=_m-gO0HSCYk
Get out the popcorn. DJT is a weirdo. His weirdo followers and mentally challenged minions are a joke. Go for it Donnie!!! Split the vote. But first better lather up in the bronzer.
Chappell is a thinker. A truth teller.
Truth…
“Spend 10 years on the stock markets and you’ll truly understand what a fraudulent world we live in. Guaranteed.”
“Ken Griffin said earlier today that if china were to invade Taiwan & the US lost access to their semiconductor resources, the US is likely looking at a 5-10% hit to GDP & “an immediate great depression” he also said the US is at risk of a “fragmented tech stack” as China looks to invest in “their own semiconductor manhattan project” & since they have 4x the amount of STEM grads as the US, it could threaten the US’ tech dominance if China is able to supply semiconductors to the rest of the word. interesting contrast to the news of Berkshire buying TSM”
Full interview here.
https://www.youtube.com/watch?v=8bgF6N2T130
Instead, we’ll dump trillions into protecting Taiwan, and we’ll still lose in the end.
Not a normal day when WWIII is trending on social media.
Everyone loses if there is any action over Taiwan. ASML a Dutch company makes the high end equipment used in Taiwan chip fabs, fact is if Taiwan is invaded everyone loses out on supplies of the latest chips, even if the factories are never touched the supply chain is global and without it nobody gets chips. The EUV lithography systems made by ASML costs around 200 million and is made of thousands of components acquired from nearly 5000 different suppliers.
You can shut down Chinese gains in science/tech by ending the US taxpayer funded free graduate school they all get. When I was at RU, 50% of the chem department were Chinese, all paid fully, by the US taxpayer, and no tuition charged. This goes on in every school.
BRT – That ship has sailed. China produces more STEM grads now domestically educated than the west. They are opening a new university there nearly every week.
Our STEM grads here are mostly foreigners. Biden admin wants more, there is a new visa gives them a three year extension to stay after graduation, and it’s big business for the colleges .
Here is a quick primer on ASML, the belief is China will attempt to copy their chip making tech but that could take a decade or more.
https://www.youtube.com/watch?v=Shuv9-MJBEU
BYE BYE BITCOIN and other copies like ETH…
“Some of the world’s banking giants are participating in a brand new endeavor alongside the New York Federal Reserve. Global banks are partnering with the New York Fed for a 12-week digital dollar pilot.
The program, spearheaded by the New York Fed’s Innovation Center, will test how banks use digital dollar tokens. Additionally, some of the largest banks in the world are taking part in this experiment. “
https://www.reuters.com/markets/currencies/banking-giants-new-york-fed-start-12-week-digital-dollar-pilot-2022-11-15/
Trump stumps for Herschel Walker.
That and his whiny victim tone.
The global banking cabal had to kill off as much decentralized finance as possible before rolling out their own centralized crypto.
He’s baaaaaaack!! Trump announces his candidacy for President.
He’ll lose. Again.
Trump doesn’t have the passion this time around. The speech was limp. But g’d damn that voice is like nails on a chalkboard.
It’s all about ego, grifting, and trying to stay out of jail. Same as it ever was.
Just wait until he runs as an independent and costs the republicans any chance of winning.
Old, TY. Would be interested in discussion/advice re: your area of expertise for a different matter…area I’m looking personally does not have the right market dynamics (if that area gets hit with major foreclosures I’m likely blown up well before then)…but, in a flyover area I know well that houses relatives and friends I would like to do something similar…less about returns as the financial juice is not there, numbers just not big enough, more about doing some things ‘right’ for some people and areas…not anything I would attempt in NJ, ie. you won’t see me in Bergen county sheriff’s sales ever.
Re: yesterday’s conversation on consumer weakness and indebtedness take a look at TGT results, just posted this morning. Sales fell off a cliff in October. Forecasting weak holiday season. Can’t recall and don’t have time to go back and look but another retailer last week said the same thing, basically consumer demand just evaporated in Oct…
BRT, next two hours of this morning will be looking for the best shorts in this space, even with some sympathy declines already. Open to suggestions.
BREAKING:
Donald Trump, who tried to overthrow the results of the 2020 presidential election and inspired a deadly riot at the Capitol in a desperate attempt to keep himself in power, has filed to run for president again in 2024.
Sam Bankman-Fried, the founder of bankrupt crypto exchange FTX, was a major contributor to Democratic candidates during the midterm election cycle, funneling most of his donations through a little-known political action committee (PAC).
Overall, in 2021 and 2022, Bankman-Fried donated approximately $38 million to various candidates and PACs, mainly giving his cash to Democratic candidates and left-wing groups, according to Federal Election Commission filings (FEC).
Civic engagement has been replaced with antagonistic emotion because of the emergence of individualism. Once you have the individual’s attention, then you can seduce them. The democrats create fear and anger using a boogeyman and sway just enough to their side. When you’re bankrolled by funds pilfered from unions, pensions and individual investors, your ability to attract and manipulate followers becomes easier. The dems are masters at defining an in-group and out-group and then stoke emotions using fear, anger and outrage. Power is the goal, serving in office for the good of the nation isn’t even a thought. Stoked emotion provides a door for decision-making leading to the allocation of resources for in-groups and against out-groups. Democracy is in the balance!! We must save women’s health care!! See how easy?
If the Republicans were smart, they would stop trying to debate policy and go right for the heart of an individual’s comforts. We’re now a nation of “me”. I want my comforts. Forget duty and sacrifice, that ship has sailed. Create a dialog that says democrats want to take away your Netflix and Big Mac and package it in a glossy message and pound that message into the heads of muppets every day. Come up with a message that you’re for climate change and the democrats refuse to give $10,000 vouchers to “hard-working, middle class Americans” for an electric vehicle. You and I know that’ll never happen but it doesn’t matter, it’s just talk to get votes. You can’t discuss policy, the modern muppet isn’t abstract enough to discuss it. They want emojis and a tweet… so manipulate the plebs in such a manner.
It was trumps night, why bring Joe into it?
“ It’s all about ego, grifting, and trying to stay out of jail. Same as it ever was.”
“If the Republicans were smart, they would stop trying to debate policy and go right for the heart of an individual’s comforts…You and I know that’ll never happen but it doesn’t matter, it’s just talk to get votes. You can’t discuss policy…”
Didn’t you just describe the basis of DJT’s rise? That Chapelle video was excellent, look at 8:30 with the real punchline around 10:10 for your answer….
No Republican has any chance of winning…so long as mail in ballot harvesting and counting ballots days after the election is the norm. That system always favors Democrats. It doesn’t matter who the Republicans run.
Grim says:
November 16, 2022 at 5:44 am
Just wait until he runs as an independent and costs the republicans any chance of winning.
NASA’s Artemis moon mission finally took off this morning from Kennedy Space Center. They weren’t able to “fix” the leak in the eight-inch diameter fill and drain quick disconnect (QD) in the Tail Service Mast Umbilical (TSMU). So the “fix” was to lower the pressure during loading of the liquid hydrogen and the countdown time was increased. No big boom….
BTW NASA just approved Option B for a manned moon mission. Starship for Space X was just awarded $1.15 billion. A crewed landing demonstration mission in 2027 using Space X Starship which itself is still under design and testing.
Didn’t you just describe the basis of DJT’s rise?
To some extent yes, and then he followed up with policy that actually benefitted more than not.
And, which Chappelle video are you referring to??
So individualism is a problem now? I thought America was supposed to be filled with a bunch of rugged individualists.
Folks there are now 720 days until the 2024 election. Could we at least all exercise some self control and limit the talk of it to perhaps one day a week or place some other throttle control election chat? This is for the sanity of all humanity…
BTW I am still rooting for a federal arrest and conviction. Anything will do like simple mail fraud. Physical mail or email or txt messaging fraud will do. I am still getting txt messages which I did not sign up for to donate to Herschel Walker. I never donate to politicians and they spam me anyway with this garbage. Not even the car warranty or solar panel people try this hard…
Ivanka Trump said she won’t be involved in former President Donald Trump’s 2024 run for the White House, expressing in a Tuesday night statement that she plans to focus on her children, as husband Jared Kushner attended the Mar-a-Lago launch.
‘I love my father very much. This time around, I’m choosing to prioritize my young children,’ the former White House adviser said. ‘While I will always love and support my father, going forward I will do so outside the political arena.’
Donald Trump Jr. missed the speech due to a flight hiccup as he was returning to Florida from a hunting trip.
Tiffany Trump, who celebrated her nuptials at the Palm Beach resort on Saturday, also missed the festivities.
So individualism is a problem now? I thought America was supposed to be filled with a bunch of rugged individualists.
They are. The ones that do, produce, cry and keep moving forward. I knew I was going to get that question the minute I wrote it. But the ones who are resentful need to join a cause to express their anger… and that’s where the democrats come in. Want a lollipop, kid? Step into my van.
There’s that chart again.
https://photos.app.goo.gl/kqeYbyjt1BR4NrYw8
In logarithmic scale this time, where you will see little difference.
Just watched the Chappelle video above… he’s very natural and convincing. Refreshing to hear dialog and humor from an old school perspective.
No Republican has any chance of winning…so long as mail in ballot harvesting and counting ballots days after the election is the norm. That system always favors Democrats. It doesn’t matter who the Republicans run.
The dems are vampires. They can morph into anything and manipulate everything. No other political class can do it with more finesse than the left. “The Republicans want to suppress the vote!” Create the message, implement the sting.
“No Republican has any chance of winning…so long as mail in ballot harvesting and counting ballots days after the election is the norm. That system always favors Democrats.”
I’ve said it repeatedly…Rs can win but they have to play for keeps. Ds do. They don’t. Simple as that.
Ds and their PACs supported extreme R candidates in swing State R primaries to help engineer a general election D win by maneuvering a more extreme R candidate on the ticket in these more moderate districts.
Dems meddling in R primaries to skew the candidate to advantage themselves in the general. Brilliant. I’m in awe of D strategies and tactics. Would Rs do the same? Such activities wouldn’t even be on their radar, and if it were suggested ‘moderates’ like Cheney and Romney would shoot it down…
Right now R vs. D on voting dynamics is like three Blue Ribbon suburban kids from the Mathletics team going up against the inner city crew that runs the three card monte game. They get crushed every time, while thinking all the way through the last penny they can win.
Grow a fucking set of balls and fight back. On their level.
Gary at 9:32a…to my post above…respectfully, you sound like a whiny little bitch.
Grow a set of balls and fight back, or just succumb.
Compliance is a choice, not a mandate.
The Crypto fraud continues crashing.
“The Wall Street Journal reported that BlockFi, which had halted withdrawals over the weekend following FTX’s bankruptcy, is now actively considering bankruptcy and plans to lay off its staff.”
BTW – SEC & 32 States slapped them on the wrist with a 100 million dollar fine in February over their unregistered offers and sales of a lending product, BlockFi Interest Accounts (BIAs).
This is similar the the FTX scam. Investors lent crypto assets to BlockFi in exchange for the company’s promise to provide a variable monthly interest payment, these crypto assets would then be loaned institutional borrowers.
Demographics and education are the two worst enemies any Republican candidate encounters.
New lunch option fatties.
Sam’s Club drops its hot dog combo to $1.38.
Eotisserie chickens still cost $4.99 at Costco, while Sam’s Club go for $4.98.
Anecdotal my old CEO and CFO used to go to Costco for the cheap lunch. Cheap fucks were so tight they squeaked when the walked.
Grow a set of balls and fight back, or just succumb.
I need to whine more but in a different way? lol. Before a plan can come together, you need to change ones mindset. How do you steal the narrative and change the thinking of the younger generation? At every level, from kindergarten to graduate students, the narrative is being skewed. Maybe the pendulum will swing back again, like water finding its natural level after a storm.
63 bps inversion
Was I yammering about possibilities of 70 a couple of months ago?
Eddie has a point.
Dems have spent allot of time already funding many months of research on how to counter Trump if/when he runs etc. It’s official name is “The Trump project”.
They were already putting out tweets last night during his speech to counter his arguments. Trumps people have been on the news and talk shows already today too.
https://www.nytimes.com/2022/11/16/us/politics/trump-candidate-biden-strategy.html
It’s going to be a long long 720 days. I am not posting anything related to this election until next week now. Need to throttle..
Elon being the Human Resources firing manager too…
From his email today to employees…Click this link or else……..
From: Elon Musk
To: Team [at Twitter]
Subj. A Fork in the Road
Date: Nov. 16, 2022 [time stamp removed]
Going forward, to build a breakthrough Twitter 2.0 and succeed in an increasingly competitive world, we will need to be extremely hardcore. This will mean working long hours at high intensity. Only exceptional performance will constitute a passing grade.
Twitter will also be much more engineering-driven. Design and product management will still be very important and report to me, but those writing great code will constitute the majority of our team and have the greatest sway.
At its heart, Twitter is a software and servers company, so l think this makes sense.
If you are sure that you want to be part of the new Twitter, please click yes on the link below:
[Link removed]
Anyone who has not done so by 5pm ET tomorrow (Thursday) will receive three months of severance.
Whatever decision you make, thank you for your efforts to make Twitter successful.
Elon
“I need to whine more but in a different way? lol. Before a plan can come together, you need to change ones mindset. How do you steal the narrative and change the thinking of the younger generation?”
Reality. When young adults go out in the world it kicks them in the face. That is your opportunity.
You need candidates that will stand up to the Left and tell them to go fuck themselves, espousing policies that benefit the cohort while highlighting the chimera of D promises.
Those candidates will not be ‘pretty’, nor should they be if you are to beat the Dem’s three card monte crew. But they can’t be crazy.
Fundamentally, that is the Rs issue over the last couple of cycles…they as a Party were so focused on being moderate there was no bench of experienced, presentable fighters to step up and run when DJT exposed the fallacy that Rs could not appeal to the grass roots, working class.
The old R playbook, back to my analogy, was to send the suburban Mathletics team to Times Square to play the three card monte D crew…they get wrecked every single time yet are welcomed back with open arms to their well appointed suburbs as they are dressed so nicely, speak so well, and are so polite.
Stop sending these over educated, overly presentable idiots that appeal to every teenage suburban girl and housewife to Times Square and instead take the nastiest, hungriest, and poorest (but sane) linebackers from the wrong side of the tracks…
For fucks sake, a truckdriver with absolutely ZERO political experience and no campaign budget defeated the second most powerful D and by far the most entrenched politician in a solidly Blue state…
What else needs to be done to get the national Party’s attention?
The message and the open ears are there. The will of the national Party leaders is not.
Fast: I don’t think it will swing back, unless there is some sort of collapse.
I find it very interesting that if you ask someone that leans one way, no matter which way, they will say the other side is super organized, hyper focused.
Nobody is saying that. The GOP are incompetent per the usual. The Dems are confused as always.
LOL…not so sure about that Joyce…doubtful many Dems would call the Rs hyper-focused and super organized, especially after Tuesday’s debacle…
Christ, their allocation of national funds to campaigns resembled the action on a craps table…Ds focused on four Senate races and played hard there, and only there.
9:51 appealing to the younger generation?
They do … the narrow-minded religious zealots
who believe in Jebus & a limited role of personal
choice in one’s life. The demographic usual coincides
with a mediocre education and a penchant to swallow dogma.
It’s all I heard when Roe v Wade was overturned (and whenever guns or taxes and some other topics take center stage).
Furthermore, a common refrain whenever one party has a majority in Congress is: “the X party needs to get their house in order” or “the speaker can’t even maintain their caucus” whenever they struggle to uniformly pass a bill. It’s akin to the minority party throwing around comments about this bill or that bill (or EO) being unconstitutional but nary a word when they are back in power.
leftwing says:
November 16, 2022 at 10:41 am
LOL…not so sure about that Joyce…doubtful many Dems would call the Rs hyper-focused and super organized, especially after Tuesday’s debacle…
Christ, their allocation of national funds to campaigns resembled the action on a craps table…Ds focused on four Senate races and played hard there, and only there.
Eddie, Eddie, Eddie.
Don’t fall for the anti-individualists. The most central feature of Democratic rhetoric is collectivism. Obama was the master of using collectivist rhetoric in his speeches. I only vote for Republicans to the extent they offer an alternative to that, which now fewer of them do. Republicans without individualism are just fascists, which is pretty much where Donald Trump and the Republican Religionists and Big Government Republicans are at. On the other hand, Democrat pawns think that a dozen rings on their face and some tattoos, and some edgy paintings make them “individualists” while they think like conformists about how good collectivism is.
Here are some good quotes below from Ayn Rand, the arch-champion of individualism. Her novel The Fountainhead is focused on the theme of individualism vs collectivism.
“Individualism regards man—every man—as an independent, sovereign entity who possesses an inalienable right to his own life, a right derived from his nature as a rational being. Individualism holds that a civilized society, or any form of association, cooperation or peaceful coexistence among men, can be achieved only on the basis of the recognition of individual rights—and that a group, as such, has no rights other than the individual rights of its members.”
“Do not make the mistake of the ignorant who think that an individualist is a man who says: “I’ll do as I please at everybody else’s expense.” An individualist is a man who recognizes the inalienable individual rights of man—his own and those of others.
An individualist is a man who says: “I will not run anyone’s life—nor let anyone run mine. I will not rule nor be ruled. I will not be a master nor a slave. I will not sacrifice myself to anyone—nor sacrifice anyone to myself.””
I’ll agree with you a bit there Joyce as in my view you are discussing the operations of the Congress once established and I was more referring to the elections.
On the former point I would still argue Rs are at best single A ball while the Ds are the Astros…no one can hold a candle to Pelosi’s political skills in office…equally, that is why HRC scared the shit out of me, a very real operator capable of getting things over the goal line one would not think possible.
The Rs? Not so much. I do give McConnell credit especially as he is coming under fire now…when Schumer jammed through the Senate in the Obama administration the ability to appoint Federal judges (but not SCOTUS) with just a simple majority McConnell strongly cautioned him against it and flat out threatened that if he did McConnell would fuck him on the next opportunity…to McConnell’s credit he followed through, years later, making SCOTUS appointments dependent on only a majority. That is how you got three conservatives under DJT…but, it was still a reaction to the ‘aggressor’, which was Schumer’s original move. Kudos to McConnell for fighting back, but he didn’t take the first swing. They need to take the first swing more. Defense only is not a winning strategy, no team ever won a game by scoring zero goals.
“On the other hand, Democrat pawns think that a dozen rings on their face and some tattoos, and some edgy paintings make them “individualists” while they think like conformists about how good collectivism is.”
Quote of the day lol.
“I will not run anyone’s life—nor let anyone run mine. I will not rule nor be ruled. I will not be a master nor a slave. I will not sacrifice myself to anyone—nor sacrifice anyone to myself.”
Praise be to God.
No One,
I know I was going to cause some confusion the moment I hit enter and used the form of the word”individual.”
I read the Fountainhead, too.
11:24 Everyone is Ayn Rand til they have to collect gubmint benefits to stay alive.
THEN they are collectivists. Any questions?
This election had little to do with strategy and planning and everything to do with the mistake of appointing staunch anti-abortionists to the SCOTUS. Perhaps the only D strategy that worked was drawing out the 1/6 insurrection to two years. I think the attack itself and then being reminded daily about it for such a long period of time has woken the more sane members of the Republican Party how dangerous MAGA fascism can be.
With that said, it really won’t take much for the Red Team to win in 2024. Losing Trump alone will be a big boon. Be less tea party/maga and continue to point out the fallacies of the left and you pretty much got the white house if it remains Biden/Harris which it most likely will. Stop with the lunacy. The religious mandates. The fear of women with dicks. Big effin deal.
BRT, short some BBY with some protective calls for Fri in case of a gap.
“This election had little to do with strategy and planning and everything to do with the mistake of appointing staunch anti-abortionists to the SCOTUS. Perhaps the only D strategy that worked was drawing out the 1/6 insurrection to two years.”
Totally disagree. Dem view outside looking in of what’s wrong in someone else’s house.
“With that said, it really won’t take much for the Red Team to win in 2024.”
Somewhat agree. Need to get their shit together. One message, one appropriate message. And attack the D agenda, on a regional basis.
It’s because he’s not an individualist, objectivist, liberation or classical liberal, et al … he’s a republican. Only believes in small government when it aligns with current republican agenda.
No One says:
November 16, 2022 at 11:24 am
Eddie, Eddie, Eddie.
Don’t fall for the anti-individualists.
Unless you are only talking about specific instances or points in time, I agree to [mostly] disagree. If you were correct, the republicans wouldn’t have won some of the time in the last several elections.
leftwing says:
November 16, 2022 at 11:24 am
I’ll agree with you a bit there Joyce as in my view you are discussing the operations of the Congress once established and I was more referring to the elections.
On the former point I would still argue Rs are at best single A ball while the Ds are the Astros…
Article is a week old so somethings may have changed (referring to the taking much too long counting of ballots in some districts):
Candidate Quality Mattered
https://fivethirtyeight.com/features/candidate-quality-mattered/
We could wind up with as many as five of the nine states where one party wins the governorship and the other wins the Senate race. It’s already happened in New Hampshire and Wisconsin. It could happen in Nevada and Arizona, depending how the remaining vote comes in. And it will also happen in Georgia if Democrat Raphael Warnock wins the Dec. 6 runoff since Republican Brian Kemp comfortably won the gubernatorial race.
Libturd says:
November 16, 2022 at 12:04 pm
“Unless you are only talking about specific instances or points in time, I agree to [mostly] disagree.”
Likewise…
“If you were correct, the republicans wouldn’t have won some of the time in the last several elections.”
Ehhh…no one ever wins 435-0 so I’ll throw the ‘points in time’ challenge back…as well as note nearly consensus opinion is that the Rs screwed the pooch this election, it was theirs to lose and they lost it…I will agree, have already actually, on your candidate quality post…one of my first points was the Party was so myopic and unprepared as to not read and thereafter not have a quality bench ready for a grass roots, working class movement.
And, IMO, they are at risk of leaving the same opportunity on the table now with Blacks and Hispanics…although, to McCarthy’s credit he did real outreach to get minority and women candidates to run.
I watched a little Fox news last night after the Trump speech. Whoever’s show that was had pro Trump guests on, and they were talking about how it was a bad distraction to complain about the quality of those (Trump backed) candidates, and that “we don’t have time to bicker” because we have to beat the left. This is massive hypocrisy – I’ll bet this guy never once has criticized Trump for absolutely trashing and slandering other Republicans dozens of times over the past 6 years, saying “we don’t have time to bicker”. I hate these sleazy Trump fellatists. Meanwhile, in my circle of Republicans, zero out of about 20 want Trump to run. Some may even like him or his policies, but none of the older Republicans want him. The people who still love Trump are the guys who drive around in jacked up trucks with a flag flying. Blue collar guys. Shockingly, our interior decorator in FL is some sort of pro Trump, QAnon type. She likes DeSantis but thinks it’s still Trump’s turn. It blew my wife’s mind.
Pfffft Florida has become a national embarrassment .
Florida has become a national embarrassment
How so?
This is from someone who thinks Gavin Newsome has been a good governor.
Ex lives in La La Land.
Sounds like we’re on the same page. If you comments are only or mostly about this past election, I agree with you completely. Regarding my comment about Republicans winning some of the time. I should have written that more carefully. I didn’t mean that they’ve won some seats… I meant that they’ve won some majorities in Congress as well as the Presidency, of course, and plenty of Governorships and State Houses. Back to my one example of Roe v Wade, without the Senate Majorities and Presidencies, they don’t ever get to make those appointments.
leftwing says:
November 16, 2022 at 12:53 pm
Californians felt embarrassed by Florida, for sure. For not going along with arresting people for walking on the beach. For hindering the state-run child propaganda projects.
The funniest thing about California is that their regulations are super green, yet you can see oil pumpjacks on the side of the road and in people’s backyards. Surprised that spoiled kids aren’t throwing their tomato soup on those pumpjacks in protest, instead of famous artwork.
The left has done a masterful job indoctrinating the youth. A playbook taken from the pages of history no doubt.
From what I saw, under 30 swing the vote for stuttering John in pa. Their two most important issues, protecting abortion, and joes 10k handout were both premised on lies.
These kids haven’t been taught how to think but what to think.
NY Post headline today:
“Florida man makes announcement”. LOL
There’s no comparison between CA and FL. Having lived in both places for 5 years each. Nothing compares.
Weather, economic output, population.
Heck CA produces more citrus than Florida. No, Florida is a bad stain on the Country. Dating back to the George Bush II illegitimate election (hanging chads)….
Okay. And um… Missouri is no comparison to Nebraska.
It’s obvious, right? 🙄
Man, you are stupid.
Florida is a shitty backwater. Filled with imbeciles.
No real economy besides tourism.
More Fun facts:
Florida has been controlled by the GOP for 20 years.
FL ranks 45th in Tax Fairness
FL ranks 47th in benefits to jobless Floridians
FL ranks 41st in access to healthcare
FL ranks 1st in toll roads
FL ranks 2nd in Mass Shootings
if you are in the market for a car, interesting perspectives
https://twitter.com/GuyDealership
Ex is kind of right about Florida compared to California. Though, I don’t think governors have much of anything to do with it.
I will say this about Florida and Covid. I was there from Tuesday night through Sunday evening. We had absolutely no trouble finding places to eat that were open air. Likewise, it was mid-November and everyone was doing recreational activities outdoors. When Covid was heating up in our parts, Florida was heading outside for most activities. So the beaches there should have been opened. But punishing schools who had mask requirements? MAGA is still strong in Florida. Now Desaneless (my mom’s nickname for him) has to decide how to soften the MAGA message for the rest of the country, without losing the MAGA fools in Florida, but differentiating himself from the Orange maniac. Will be fun to watch.
Man, you are stupid.
And yet, I’m still waiting for you to write something worth reading.
As for getting the youth.
The Red Teams staunch position on guns makes it impossible. Especially after the nationwide walk-outs.
See comments below in parenthesis.
FL ranks 45th in Tax Fairness
(since tax “fairness” sounds like a leftist concept, e.g. progressive taxes, good to be at the bottom)
FL ranks 47th in benefits to jobless Floridians
(keeps the shiftless in generous leftist-run states)
FL ranks 41st in access to healthcare
(in other words, the state isn’t running up massive debt for a super generous Medicaid program)
FL ranks 1st in toll roads
(Another good thing as they are building roads where paying customers will support them – it’s easy to buy a SunPass – and by the way, the prices aren’t nearly as extortionate as the NJ/NYC bridges/tunnels)
FL ranks 2nd in Mass Shootings
(FL cannot beat California at everything)
2:22 You read?
I laugh hard when I think about the reality of living (sweating) in Florida. It’s a cesspool.
Right-wing controlled states rank last on most measures. All southern states.
Democrat, liberal, states rank first on quality of life. NJ subsidizes GOP states.
Ex says:
November 16, 2022 at 2:09 pm
More Fun facts:
Florida has been controlled by the GOP for 20 years.
FL ranks 45th in Tax Fairness
FL ranks 47th in benefits to jobless Floridians
FL ranks 41st in access to healthcare
FL ranks 1st in toll roads
FL ranks 2nd in Mass Shootings
Congressional elections and close calls.
Counting is ongoing, but it looks like it will be 220 R v. 215 D. Slim margins. So many interesting plausible what-if’s that could have changed this.
CA-27 is still counting, but is expected to be won by Mike Garcia (R). He is the incumbent in the seat that Congresswoman Katie Hill (D) resigned in 2019 due to revelations related to her affair with a staffer. Garcia won re-election to the district in 2020 by 300 votes total out of 300k cast. Maybe if Katie Hill didn’t have an affair, she is the incumbent is still holding this seat?
In NJ, the Dems drew the congressional map. It’s obvious to everyone now, but it was always obvious to me that they could have drawn a map that was a bit more gerrymandered to protect Malinowski’s seat. Instead, Kean won the seat by 4% while Gottheimer and Kim won by 10% and Sherill won by like 17%.
NY had four congressional seats flip to the R’s. Without Zeldin running tough on crime, I doubt if that happens.
Boebert in Colorado is up by 1,000 votes (0.4%) in a race that is still too close to call and might get recounted.
David Valadao (R) is leading in an uncalled race in California. He escaped getting primaried ahead of this year’s election by a margin of 13,500 votes versus 12,300 or so. Valadao was a Trump target – he was one of only 2 or so D congressperson who voted for Trump’s impeachment who did not resign or get primaried. If the Boebert recount shows she lost and somehow Garcia doesn’t end up holding his lead through the whole count, then literally Valadao winning would make him R congressperson #218. 218 seats in the house is the majority, of course. Seems like a Trump-wing R would have lost this seat because it is a purple district in California.
At least the R’s with the House means that they can do the Hunter Biden investigations and similar. The R’s almost had the political loss of the century. They bungled it but still landed the house.
EX is an election denier I see. Also not too bright when it comes to geography…here’s a hint: California produces more citrus than Florida because California happens to be 2.5 times the size of Florida, and without those pesky hurricanes. But hey, the next argument you make without calling someone else names will be the first.
Shaddup STooopid
left, yes, Target’s #s were awful. Walmart was great. We saw a similar thing happen in 2008. Walmart & McDonalds did great going into it because people shift their purchases to the lower end places. I opened up shorts on SPY & QQQ again today.
California won’t be producing more Citrus once they divert all the water away. California is literally depriving their farmers of water in many areas. It’s stupid.
Nonsense
I definitely prefer the California oranges to most I’ve seen grown in FL. I think there’s too much rain in FL, which makes the oranges more watery and diluted. Fine for orange juice, which is what I think the FL orange industry is oriented toward.
Meanwhile dry CA orange groves only get as much water as their growers allow.
I wonder how oranges from Spain compare to either.
Speaking of citrus, you know what’s a very underrated fruit? Pomelo. It’s actually an older fruit than the grapefruit, which was bred off the Pomelo. The fruit structure is like a grapefruit, but even bigger, and instead of being sour and bitter, it’s sweeter, milder, and more floral-blossom fragrant. I’ve had some FL farmers’ market Pomelo that were great, but Costco sometimes have them, as well as many Asian stores during their season. Chinese traditionally would even use the Pomelo rind to make candy.
Florida’s #1 export: STDs
Kicking off his campaign….with lies:
https://www.cnn.com/2022/11/15/politics/fact-check-trump-announcement-speech-2024/index.html
“The Red Teams staunch position on guns makes it impossible. Especially after the nationwide walk-outs.”
How are you so off today? R’s gun stance is inconsequential among younger voters who matter. Montclair…mortified, with virtue signaling signs in lawns…OH/WI/PA west of Philly? A young woman there killed more venison last year than you’ve eaten in a lifetime.
“From what I saw, under 30 swing the vote for stuttering John in pa. Their two most important issues, protecting abortion, and joes 10k handout were both premised on lies. These kids haven’t been taught how to think but what to think.”
While by no means defending our educational system I put this back on the Rs…they know their audience. They know what they are being fed. Do they even know how to reach them?
Change the message. Challenge the lies, not through debate by turning to a FOX/MSNBC dialogue the kids tune out. Attack the Ds credibility. Kick their knees out on the student loans. Proactively pre-empt the abortion debate. In the channels the kids communicate.
Make the other side scary, untrustworthy liars. It’s what the Ds did…Rs didn’t even think of it for this cohort on these obvious topics. Even if the Rs don’t win they advance the ball down the field. What did they pick up going forward for all their efforts this cycle? Nada.
These two issues are not difficult to rebut…so what else did the Rs do while Joe was giving away gifts to everybody?
The senior Senator who challenged to be the Minority Leader came out with a plan to cut the budget….
JFC. Can’t make this up.
More Republicans…???
Prosecutors are asking a federal judge to sentence the Chrisleys to 10-17 years in prison.
Todd and Julie Chrisley were convicted in June of running a yearslong fraud scheme.
The reality TV couple tricked banks into believing they were wealthier then they are to get loans.
According to several reports, Todd is a self-made millionaire who earned his fortune in real estate. However, he hasn’t been free of financial troubles despite the lavish lifestyle he and his family lead on Chrisley Knows Best.
According to People, Todd filed a petition for Chapter 7 bankruptcy protection in August 2012. He reportedly acquired a $49.4 million debt due to a poor real estate investment. “He guaranteed a real estate development loan and it failed,” his attorney, Robert Furr, told People. “He was on the hook for $30 million. If he hadn’t had that happen, he would have been fine, financially.”
LOL
“Today’s sentencing sends an important message to all those entrusted with protecting benefit plan assets,” New York Regional Director Thomas Licetti of the U.S. Department of Labor’s Employee Benefits Security Administration said in the statement.
The former administrator of the Northeast Carpenters Pension Fund was sentenced Wednesday to three years of probation after he previously admitted stealing $140,000 in unauthorized benefits and filing false statements with the U.S. Department of Labor, officials said.
A federal judge also sentenced George R. Laufenberg, 72, of Wall Township, to six months of home confinement and ordered him to pay a fine of $20,000, according to a statement from the US Department of Labor.
https://www.nj.com/monmouth/2022/11/no-jail-time-for-ex-nj-pension-fund-boss-who-stole-140k-in-benefits.html
Laufenberg was initially charged with embezzling over $1.5 million in a five-count indictment handed down in 2019 however, he struck a plea deal and as a result, three charges were dismissed and he pleaded guilty to two counts, resulting in the sentence handed down Wednesday.
Tricked Banks?? What a joke!
DeSantis was 100% right to fight those districts on masking and staying open. Those were his two biggest accomplishments outside of being one of the few governors not to absolutely decimate their small businesses.
Blue California hands the House to the Republicans!
lmao!!
Florida was ravaged by a hurricane a few weeks ago and was done counting all votes within 2 hours. California is still trying to
harvestcount votes 8 days later.Left
Left, nice seeing you finally declaring where we knew you always stood. So no more of the BS from the last election where the Dems have to come meet you where you stand. GOP nominates Donnie, you still own him.
Here his some more video of those patriots you get some more pictures for your wall.
https://twitter.com/MacFarlaneNews/status/1593052047305236480
California…..yes Eddie. Even California has Republicans.
Learning things aren’t we?!
“so long as mail in ballot harvesting and counting ballots days after the election is the norm. That system always favors Democrats. It doesn’t matter who the Republicans run.”
No, both sides are focused on getting out the vote for their side. Harvesting is put up there as a scary term for getting a person or a ballot to a ballot box. Both sides do it.
Mail In favors Democrats? Not in Florida or other Military heavy states.
Florida was ravaged by a hurricane a few weeks ago and was done counting all votes within 2 hours.
No they Weren’t. The reason that any race gets called is that the number of outstanding ballots to be counted or corrected will not impact the final result. That is why some close races will continue into next week before they are called. We can call the senate without the GA runoff result, because that will not affect overall control. We cannot call the house yet and likely before all races declare as we will have a +1/-1 margin.
“R’s gun stance is inconsequential among younger voters”
Yet this is the generation that grew up on lock down drills and watching the numbers of mass shooting in schools exponentially grow. At some point they make the connection that the reason I am sheltering in place is that the next one could be me.
The 18 Year olds spoke last week.
“when Schumer jammed through the Senate in the Obama administration the ability to appoint Federal judges”
The big issues with R nominees in the last administration was the complete garbage they forced through the system.
I’ll give kudos to Kennedy as an R pushing back on nominees like this who aren’t even qualified for consideration let alone serving.
https://www.youtube.com/watch?v=c-zvNnFjk3Q
Fab,
It amazes me who dumb the R nuts are with vote counting. I see it everywhere “FL completed their counting in two days”. No, they did not. The race was called early. It is blatantly obtuse to push further elections lies. Here is the truth, the Rs wanted to lose faster with their crummy, insane candidates.
The lady doth protest too much methinks….Fed keeps insisting it doesn’t pay attention to equities but it sure seems like their commentary takes the other side of the trade quite often…Dow futures take a 200 point tumble as Bullard comes out and says he sees the need for 5-7% FFR…
“I watched a little Fox news last night after the Trump speech. Whoever’s show that was had pro Trump guests on, and they were talking about how it was a bad distraction to complain about the quality of those (Trump backed) candidates”
Probably Hannity…overstuffed pompous ass. And Trump bootlicker…Hannity’s early support of Trump in the R primaries was ‘mutually beneficial’ for each of them, which really isn’t the correct term for the rest of us lol.
I infrequently watch Fox, the only program I do watch (and it’s at best once or twice a week) is Tucker. And only the A block. Hour is too long for his show and he strays after those first 20 minutes but cable tv economics rule, I guess…Anyway, vast majority of the time he is spot on in that A slot and not nearly as dogmatic as those who don’t watch him believe…He regularly makes runs at McConnell, and won’t even mention Trump’s name…altogether pretty reasonable positions with particular appeal for the grass roots, flyover crowd.
What’s interesting, as when I’m visiting my parents I’m subjected to Hannity, is that these Fox hosts seem to have a fair degree of latitude…recall one night where Carlson absolutely shredded McConnell and literally the next hour he was the live guest on Hannity with Hannity going full fluffer on him…
“Bystander says…Fab…Here is the truth, the Rs wanted to lose faster with their crummy, insane candidates.”
You guys should get a room. Perfect together. You could raise a whole bunch of little tatted, pierced, artwork destroying, lawn sign virtue signal compliant, gender swapping mini-me’s to the far left of AOC. Maybe they’ll even get into BU…[sigh] one can only dream of Nirvana, I guess…..
Fab – re” the complete garbage” and “even qualified for consideration”
It is not as if there isn’t some special picks from the garbage on the other side too. Let me jog your memory…
From Your video, this line of questioning —> “Have you ever tried a jury trial to verdict” Plus the rest of the questions asked. I gather the Judicial Committee in 2010 which was run by the Democrats did not use the same playbook of questions when it came to the Supreme Court nominee up that year.
Obama’s political appointee Kagan was his law school buddy, was also Clinton’s White House lawyer for the Paula Jones sexual harassment case, and a lawyer in the Obama Administration. She was a total political appointee and not a judicial appointee as she had no judicial record, absolutely none whatsoever well because she was never ever a judge, did not make it through her first senate confirmation for U.S. Court of Appeals and only made it through the second one for the Supreme Court because the Dems had a supermajority at the time.
But hey lets not ask the tough questions well because she is a partisan political appointee, she was on our team..
We should put the whole voting system to bed and create a new one online using Blockchain. Samuel Bankman-Fried is available I hear, he went to MIT, we can give him a few Billion and he get it done, but remember no questions asked….
re: “Fed keeps insisting it doesn’t pay attention to equities”.
Nah they don’t they just experiment on it. They just for the first time tested the Japanese central bank playbook on equities. Back last year in March during the pandemic when nobody was looking while they were on a massive buying spree they snuck in a few purchases of equities.
A small $2.4 billion stake in LQD
A smattering of vanguard about $1.5 billion VCSH
A billion in Junk Bond ticker JNK
All for giggles too, to see if they could move the market…I gather one day they may need to juice it. I will be buying both with both fists a few months before they announce…
Schumer also says to abort your children away and open the borders to replace them. Real sound mind.
The indoctrination schemes have worked wonders on the younger generations. They have accepted freedom and Liberty are dangerous but government control over every aspect of life is safety. Every few generations falls for it.
28 million filled out joes student loan payoff application. They must be having a good laugh over that in the halls of DNC HQ.
re: “Bullard comes out and says he sees the need for 5-7% FFR”
We are at 3.75 now, so that means what worst case 4 more .75 increases? That will get the blood flowing for sure…
2022- The Year that the Emperor Wore No Clothes.
Events have revealed that:
-Trump is an Orange paper Tiger.
-Putin and Russia’s Red Army were Potemkin paper Tigers.
-Crypto currencies were a scam all the time (see article below from NY Times) and apparently took with them a set of nitwit billionaires twins known as the Winkleviis, an present incarnation of a Trump in the 1970’s.
New Chief Calls FTX’s Corporate Control a ‘Complete Failure’
“This situation is unprecedented,” said John J. Ray III, who helped manage Enron after its collapse in an accounting fraud scandal in 2001.
Sam Bankman-Fried, the former chief executive of the cryptocurrency exchange FTX, which collapsed into bankruptcy.
Sam Bankman-Fried, the former chief executive of the cryptocurrency exchange FTX, which collapsed into bankruptcy.Credit…Erika P. Rodriguez for The New York Times
Sam Bankman-Fried, the former chief executive of the cryptocurrency exchange FTX, which collapsed into bankruptcy.
David Yaffe-Bellany
By David Yaffe-Bellany
Nov. 17, 2022Updated 8:57 a.m. ET
John J. Ray III, the new chief executive of the collapsed cryptocurrency exchange FTX, said in a bankruptcy filing on Thursday that he had never seen “such a complete failure of corporate control” in his career working with distressed companies.
Mr. Ray helped manage Enron after its collapse in an accounting fraud scandal in 2001. “From compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented,” he wrote in the filing.
FTX collapsed last week after a run on deposits exposed a deep financial hole in the business. Last Friday, the company filed for bankruptcy, and its chief executive, Sam Bankman-Fried, resigned.
The collapse has kicked off a series of investigations focused on whether FTX improperly used customer funds to prop up Alameda Research, a trading firm that Mr. Bankman-Fried also founded.
In a blistering court filing, Mr. Ray described an astonishing level of corporate disarray. He listed a series of “unacceptable management practices,” including the use of software to “conceal the misuse of customer funds.” He said there was “an absence of independent governance” between FTX and Alameda, which was owned almost entirely by Mr. Bankman-Fried.
He said he could not trust that financial statements assembled by Mr. Bankman-Fried were accurate. “The FTX Group did not keep appropriate books and records, or security controls, with respect to its digital assets,” he wrote.
Mr. Ray said the company’s human resources department was so disorganized that his team has been unable to prepare a complete list of who worked at FTX. And he said corporate funds were used to buy homes and other personal items for employees and advisers, without proper documentation.
According to the filing, FTX lacked lasting records of corporate decisions, partly because Mr. Bankman-Fried relied on communications platforms that were set to automatically delete messages after a short period.
“28 million filled out joes student loan payoff application. They must be having a good laugh over that in the halls of DNC HQ.”
SMH…Rs had two potential bookend responses to Biden’s blatant vote buying here…
1. Tell the people getting $10k-$20k for literally free that the guy giving it to them sucks, or
2. Attack the credibility of the Ds by informing and educating why this won’t occur – ie, the guy is lying to your face to buy your vote – while presenting a firm plan and promise of alternate relief Rs will support instead.
Which strategy would get them more immediate votes and build a foundation for future trust over the voters’ lifetime? Which one do you think the Rs chose? More importantly, do you really believe there was an actual proactive analysis and decision there, or that they just let things occur around them?
Some people here keep trying to put me in the R box even though I’ve never been registered as such. For clarity, I could never be part of team so lacking in foresight and strategic thinking as this group of incompetent, entrenched, elderly, born to privilege fucks. Like, it just would not happen, in my personal, professional, or political life.
Hilarious new filing from the FTX bankruptcy…
“The Debtors do not have an accounting department”
These guys had nearly 2 Billion in capital raises over the last few years, including some heavy hitters like Blackstone Group. Nobody even bothered to look under the covers.
https://www.cnbc.com/2022/11/17/ftx-used-corporate-funds-to-purchase-employee-homes-new-filing-shows.html
It’s not the lies that bother me it’s the response. Has trump come out a few days before the election and said to expect a check a few days after the election it would have been hysteria. Instead the tds crowd and “fact checkers” are silent.
The ftx imploding is a scandal. Biden no showing the g20 banquet is a significant story. Propaganda and tds are quiet in them all.
Left,
Have you seen the youth today? They pierce their nipples. Dye their hair blue. Lick toilet seats on TikTok and think they are saving the world. Fat guys date skinny chicks. Being effeminate is a plus if you are a male. If you have a disability, even better. Mixed couples by race, gender, etc., are becoming so common that it doesn’t even garner a second look. It’s a completely different world out there than the one we grew up in. Heck, few families even eat meals together.
If the Right wants to win, they better do a complete 180 on the gender and race stuff and stop playing up religion. No one goes to church anymore. Places of worship are closing frequently. Loan forgiveness, even as a ploy, was brilliant. If it did go through, even better. Know what the R’s are offering? Guns and restricting women’s rights. Good luck with that. Seriously. The truth is, these kids could care less about Hunter’s laptop. That’s the stuff old people kvetch about. Right now, Biden is playing the caring grandpa card and it’s working.
23 East Madison Ave., Clifton, NJ
-2-family
-a 3BR/1Ba. unit upstairs, a 2BR/1Ba. downstairs
-plenty of deferred maintenance, but mostly it is ok to leave as it is for approx. 10 years or so
-I think this one had the standard water-infiltration or settlement in the covered porch areas of both floors.
-good yard
-ok side walkway for storing the garbage cans
I was interested in this for low 400’s when it went for sale in early 2022. The guy who bought it paid $495,000. He wants $600k now, in a higher rate environment. From pics, I don’t think he made any improvements.
Anyone want to take a shot at the closing price if it sells?
https://www.njmls.com/listings/index.cfm?action=dsp.info&mlsnum=22040814&openhouse=true&dayssince=15&countysearch=false
Lib, I’ll agree with most of your post…and yeah I’m pretty aware of where the ‘kids’ are these days even moreso those ‘kids’ who can actually vote, ie. 20 somethings up….gender, race, and no religion are low hanging fruit, shouldn’t even be on the agenda, those views are settled and as a Party either get on board or be outside looking in…with geographic sensitivities of course.
Guns are your red herring along with potentially some high end suburban housewives and their female offspring…Coastal liberal issue with limited impact in swing states.
In your bag of ‘this generation doesn’t give a shit about this’ I would toss 1/6 in along with Hunter’s laptop…older generation issues, if at all. In reality, most of those with a microphone ‘kvetching’ so hard about these two issues don’t personally even themselves believe them to be as meaningful as they present…just a way to stir up their bases while attempting to harm the other side. Equivalent of a Euro footballer flopping to the turf to writhe in pain on the field after an opponent runs by him…
Abortion? I agree…in the sense that Ds absolutely owned Rs not on the facts but on the playing field…ask those 20-something voters if the Rs through SCOTUS ‘outlawed abortion’ and the answer I suspect would overwhelmingly ‘yes’, which of course is not factually correct. Rs really have an opportunity to make some headway here if they would open their eyes and get the messaging right.
It would have been easy for the Rs to counter the D message, while gaining these voters’ trust and undercutting D’s credibility.
No one is even thinking in these contexts at RNC…which is the problem.
GOP has become the party of hate and intolerance. Making the tent smaller is a poor strategy for winning elections.
On abortion, there is no appealing way to present the GOP policy that will appeal to young voters. Even in red states people want access to abortion.
Abortion was a great issue for the GOP to turnout voters. Worked for decades and would have kept on working had they not gotten their way.
“On abortion, there is no appealing way to present the GOP policy that will appeal to young voters.”
Disagree, but no time to address in detail now.
Basically, two pronged approach. Based on abortion being ‘your choice’ and the Ds being presented as liars.
Undercut their [inaccurate] message of Dodd ‘outlawing’ abortion. Bring it home that it gives, not takes, the rights to these young voters. That their voices will be heard louder, not muted. For specific races like PA, have the candidate pledge to vote in the Senate according to populace wishes. Hell, if I were advising Oz you have him media saturate the topic as above and then late in the campaign pledge – hard pledge – to run some sort of referendum on the topic the outcome of which he will absolutely abide. In the media channels these voters use with messengers they relate to.
RNC? They play the punching bag on this topic and I doubt you have anyone there that can tell you the difference among Instagram, WhatsApp, TikTok, Reels, and Roblox and which ‘youth’ uses which app, how, and with whom….Fucking RNC probably paid some third party consultant six figures to email these ‘kids’ in PA…JFC
BRT…so with the cost of the call safety valve I’m short BBY at 69.82 or so…she hits 67.82 (23 cents away) and I’ll exit for a 2.00 net gain per share…
Too much distraction, on Friday when I lightened up some put writes on META I did more than intended…effectively took my delta to zero (ie, my position value stays static despite share movement) which was not the intention…didn’t feel good M-Tu, feels good yesterday and today though…
Rolled my SPY hedge up on the market move on Tues, went from a 4:1 payout ratio on a decline to 3:1…with the higher strike price though I’m near the point where if SPY holds this level (or lower) that payout is assured…
Overall, these last four days I have been very flat…not happy about that, I’m used to making less on strong up days but also making money on down days…need to get to coal mines and see if I can find some long/short opportunities in this crazy market to just keep generating consistent returns.
Thinking about proactively seeking some kind of pairs trade, so much movement day to day across every sector….feel total lack of confidence picking near term direction and winners/losers….maybe best to just stay on the sidelines…fuck
Have a good Thursday all.
Leftwing,
You simply don’t get it. Most young people understand the impact of the Supreme Court overturning Roe. They know abortion is still legal in many states. They fear about the future and the GOP working to further limit abortion access on the federal level.
How does the GOP send an appealing message to young voters about their posture on abortion when so many in the party are calling for a total federal ban? Your notion is on the level of, if the queen had balls she would be king.
Out of BBY a few minutes ago…$2 overnight, better than a poke in the eye I guess…I’m out for real now too. See you guys.
Left,
“You guys should get a room”
I don’t expect you to get it bc you don’t want to get. Lib summed it up. We live in a completely different world and young people are much further away from blatant racist and sexist 60s and 70s. I accept it. Your side clings to bs theories and two books that do nothing for the world reality of today. The Rs ran too many bad candidates, not all bad but enough that they got slaughtered. Continue not to accept but don’t lump me into a bs pool bc you are what the kids call “butthurt” over midterms
“Leftwing, You simply don’t get it.”
Kind of think I do…
“Most young people understand the impact of the Supreme Court overturning Roe.”
Kind of think they don’t…
“They know abortion is still legal in many states. They fear about the future and the GOP working to further limit abortion access on the federal level. How does the GOP send an appealing message to young voters about their posture on abortion when so many in the party are calling for a total federal ban.”
Which is why you bring it back to the State level with pledges by those candidates to vote according to the populace…ie. “Your choice, your vote, your outcome”. Incredibly empowering to a cohort looking for empowerment and distance from their parents’ attitudes, beliefs, and behaviors.
Plus the whole concept of a federal law ‘outlawing’ abortion is as big a pile of bullshit as a federal law ‘legalizing’ abortion…recall, the only reason Roe existed is that for more than half a century an actual law could not be passed.
It’s an incredibly positive message to twenty-somethings…you are empowered, it is your decision, I promise to abide by it, and no one in CA or MS is going to tell you and I what will happen in our state. YOU choose, I make sure it happens.
Great thing about that message is you turn the volume up or down for whichever swing State you are targeting…best case you win some over, and more over time…worst case, you take the issue off the table, ie. yeah, I can consider voting for him based on his other positions, he promised not to retreat on abortion rights…
“…empowering…” anytime the State or Feds impose their will on a personal aspect of life it is anything but empowering.
“I don’t expect you to get it bc you don’t want to get. Lib summed it up. We live in a completely different world and young people are much further away from blatant racist and sexist 60s and 70s. I accept it. Your side clings to bs theories…”
I love Lib but the fact that he chose the topics he did – tats, piercings, race, gender, and agnosticism – shows how far behind YOU guys are, not me.
My later 20-something ‘came out’ to me and my ex- when he was 13, informing us he didn’t believe in God and didn’t want anything to do with organized religion. About 15 years ago…would you like to discuss the timeline of personal experiences of body art being a form of self-expression for this cohort as well…
“…empowering…” anytime the State or Feds impose their will on a personal aspect of life it is anything but empowering.”
Anytime choice, broadly writ in any matter, is pushed to the smallest entity possible – ultimately to the individual – it is empowering.
Fed -> States -> Smaller polities -> individuals = empowerment
But, considering you are a liberal, I understand….empowerment to the Left equals your ability to impose YOUR view on others to the highest degree possible, whether they want it or not, ideally through the Feds…
Not really. I could care less what your views are.
My “personal” approach to life wouldn’t pass any work or liberal purity tests.
Nope. I’m very much do what you like, just leave me alone.
“Work” = woke
I live a very quiet and traditional life.
But my bullshit detector is refined.
I smell a lot of bullshit … in these ideologues.
I’m just about at the time of my life when a little house
by a lake in flyover Country sounds like paradise.
Of course if I’m in the cheap seats they’ll be Conservatives
around. F’ em.
I’ve never run with the pack and won’t start now.
Mainstream thinkers never interested me. New ways of looking at the same old shit
https://youtu.be/IBLruNfUqUs
Old, re shrinking tent, one of the reasons 45 won is because the D’s gave the middle finger to the working white class. The disdain for these folks by many East Coast D’s was a bit surprising to me when I first moved here from steel country.
Elissa Slotkin explains in level headed terms why she won her race, no drama or name calling. Worth a couple minutes of anyones time.
https://twitter.com/ElissaSlotkin/status/1590453892118368256?cxt=HHwWgMDS9ezYtpIsAAAA
GOP has become the party of hate and intolerance.
I think you have a 40 year old democrat playbook… the one that says Republicans want to take your s0cial security, pollute the air and water and cut taxes for the rich. You need to upgrade. The Republicans have greater numbers of women, Hispanics and people of color running for office. They want an opportunity to achieve independently, not a lifeline to entitlement and dependency.
It’s remarkable that Social Security is not the front-and-center issue in the midterm elections. Key Republicans say they will cut Social Security and Medicare if their party gains power. Some Republicans are considering raising the full retirement age to 70. These long-promised Republican policies threaten millions of older Americans, and all those who will grow old — and they will only make current economic stresses even worse.
You’d think that cutting Social Security when retirement income security is already so fragile would be a singularly unpopular position, yet it is barely discussed in congressional campaigns.
Republicans have done this before. In 1982, President Ronald Reagan and Republicans cut Social Security benefits by raising the full retirement age to age 67, which is just a way to say Congress changed the formula so benefits would be 10% to 15% smaller at every claim age. Now, Republicans want to change the formula to make 70 the so-called full retirement age, which will further cut monthly benefits.
How low is still too high for the Republicans? Social Security has been slashed before our eyes for decades and voters have not noticed. They should.
The Social Security system was implemented nearly 87 years ago, in 1936, despite majority Republican opposition to the plan. Social Security was never designed to replace 100 percent of preretirement income, but it replaced a lot. But since Republicans began slicing it in 1982, Social Security replacement rates have fallen dramatically. Mark Miller, in his Retirement Revised blog, describes the Center for Retirement Research’s findings that average earners retiring at age 65 would have received 41 percent of their preretirement earnings from Social Security in 1995, after considering taxes and Medicare Part B premiums, but would replace only 29% of their income in 2035. The Social Security replacement rate will have fallen from 41% to 29% in 30 years. That’s a ton of lost money for seniors in need.
Gary you are “uninformed”.
Taxes:
One year after President Trump and congressional Republicans enacted their tax cut for the wealthy and large corporations, none of their promised results are happening. While the law spurred a brief boost in economic growth, our long-term growth trajectory is unchanged. There is no sign of an investment boom. Real wage growth for workers remains modest. Factories and jobs are more likely to go overseas. The federal deficit is soaring as corporate tax receipts plummet. And the tax code is riddled with even more special-interest tax breaks and loopholes. By any measure, there is no evidence showing that the GOP tax cut is trickling down to working Americans. On February 27, the House Budget Committee will hear testimony from four expert witnesses on the real-world implications of the GOP tax cut.
GOP tax cut led to record $1 trillion in stock buybacks that do little for working Americans — The GOP tax cut delivered huge benefits to rich investors and CEOs through a record-setting $1 trillion in stock buybacks in 2018 – while average workers struggle to pay for rising health care and living costs. Stock buybacks do nothing to improve business operations or help workers. The corporate tax cut gave more cash to companies that are sitting on historically large cash reserves, while failing to provide firms with any incentive to hire workers or boost pay.
GOP tax law does little for middle-class Americans and Main Street businesses — The GOP tax cut is heavily tilted toward the wealthy and corporations and provides very little benefit for average workers and small business owners. According to the Tax Policy Center, the richest fifth of Americans will receive nearly two-thirds of total benefits in 2018 and the richest 1 percent alone will receive 83 percent of the total benefits in 2027. The GOP tax law ignores the stagnation of working-class wages and worsens income and wealth inequality. Furthermore, the GOP tax cut does nothing to help small businesses gain access to capital and grow their receipts. Only 5 percent of small businesses pay taxes at the corporate level, and most of the pass-through tax cuts go to the largest 2.6 percent of businesses. Moreover, most women-owned businesses will get even less help, because they largely operate in service industries and generate less than $100,000 in revenues. In addition to doing little for everyday working people, the GOP tax law’s sabotage of the Affordable Care Act will add millions to the ranks of the uninsured and increase health insurance premiums.
GOP tax law encourages sending factories and jobs overseas — In addition to permanently lowering the corporate tax rate, the GOP tax law also gives corporations an option to cut their taxes even more by moving operations and jobs overseas. Under the tax law, income generated by American companies abroad face tax rates that are half the new top corporate rate of 21 percent. Some companies may be able to avoid tax altogether on tangible investments made offshore. This further incentivizes companies to move tangible assets, such as factories and machinery, overseas. Rather than protecting workers and their families, the GOP tax law tilts the playing field against American workers, making it harder for them to earn good wages, maintain steady incomes, and support their families.
Nomad: That disdain my the liberal elites I have seen it and heard it multiple times. They speak about them with contempt and disgust; it’s sad really, and ironically many of these people are only a generation or two removed from those blue collar working class roots. I know many people who had little formal education beyond 12 or 13 years old, and yet they are some of the most intellectually curious people I have ever met. Ironically, I can tell you from GS days, from what I have seen and heard, this elitist hatred of the working class was not present in the multi generational rich, but again from the what used to be called the nouveau rich; the same ones only a generation or two removed from those blue collar working class roots.
12:12 oh so your exhaustive study of this matter isn’t based on “policy” but things you heard from fellow banksters around the water cooler.
Ex: Observations over the years both from my GS day, and from people I know who proudly identify as Liberal. I note you post many observations yourself, and certainly nothing posted after exhaustive study. I might add, that your constant crankiness is a little tiring, but if it works for you and makes you happy then carry on.
3b,
The left has become the party of ivory platform snoots… touting their benevolent gestures using someone else’s money as they hob nob about graduate degrees, while sipping their Louis Jadot Chassagne-Montrachet. They see the lower class and minorities as projects and pets, enticing them into promises in exchange for votes.
Fast Eddie . . .
Is this an example of prices cracking in a blue ribbon Bergen County town?
Linked below is a 4,000 sq. ft.+ on a half acre one family in River Vale.
705 Tulip Ave.
River Vale, NJ
Ask: $700k (reduced from $879k, lol)
-last price reduction was 9/30 but it’s still for sale
-4 Bed
-3 Bath
-I think it might be in a flood zone, as it backs up to a creek
https://www.njmls.com/listings/index.cfm?action=dsp.info&mlsnum=22033841&openhouse=true&dayssince=15&countysearch=false
Fast: And they certainly don’t want to live with them! I have a friend of mine who was upset because everyone on her block was white collar, except for her neighbor across the street who owns a plumbing business. She hated the fact that he parked his truck in his driveway; “spoiled the whole look of the block”. Observe of course, and know exhaustive peer reviewed scientific study , but I have encountered this attitude many times over the years.
Crushed. That place in River Vale looks like a future steal to me. Judging by the pictures, it looks impeccably maintained too. Lots of updating needed, but 100K or so would do it. Definitely lowball-able. Especially since owner won’t consider contingency sale on your primary property. I would drop a 575 as is, no contingency except for major issues found during inspection (of which there won’t be any).
I see the toxically-feminized crowd (Bi, Ex, Flab, Old) can’t stop beating their chests now that the dust has settled and Dem ballot-harvesting has prevented the slaughter that should’ve come — and given us a new batch of incompetent Dem ‘leaders’ like Karen Bass and Frankenstein Futterman. Meanwhile, in a maddening example of Dem fecklessness we now have Mayor Adams using the NYPD to harass local bus companies to try to dissuade them from even considering busing illegals into the city. From northjersey.com we have this jewel…
“Bob Brisman, president of West Point Tours, has provided charter bus service to New York City since 1994 [and] never received an NYPD inspection in that time. But earlier this week, an NYPD inspector boarded his bus and issued one of his operators a criminal citation for “excessive exhaust from the engine” and other reasons illegibly scribbled on the ticket…”
Note that that’s a CRIMINAL citation! So while dingbats like Bi and his crew whine about abortion, we have a real world example of the insanity of Dem governance — fail at the federal level to secure the border and allow millions to enter the country illegally, fail to protect taxpayers at the state/local level by establishing ‘sanctuaries’ and insisting that gov services be lavished on the illegals, and then target hard-working small business owners who have nothing to do with causing the problem. Once again, any male that supports the modern, feminized, radically-leftist and thoroughly incompetent Dem party needs to have his head examined.
Lib: Looked at the River Vale house pictures, is that some sort of indoor plant garden? Nice looking house, not like the hideous Mc mansions built over the last 20 plus years
Lib your assessment is right, that house is very dated and the market in NNJ values “move in ready”. Even years ago I noticed the dichotomy in the market a house could be solid even updated but if the style was out of fashion the market was just brutal and penalized the dated properties far in excess of what it would cost to update. During the pandemic this kind of went out the window but as rates have gone up dated properties as well as those in bad locations will go back to being penalized.
crushednjmillenial,
That house does have a creek behind it but that’s not the reason it didn’t move. It’s ripe for a play, it’s a desirable joint.
“Note that that’s a CRIMINAL citation! So while dingbats like Bi and his crew whine about abortion, we have a real world example of the insanity of Dem governance — fail at the federal level to secure the border and allow millions to enter the country illegally, fail to protect taxpayers at the state/local level by establishing ‘sanctuaries’ and insisting that gov services be lavished on the illegals, and then target hard-working small business owners who have nothing to do with causing the problem. ”
SmallGov-
Seems like a pretty big stretch to conclude all that from one citation!
Do you think it’s possible that maybe, just maybe, NYC is looking everywhere they can to increase revenues to make up for all the taxes they’ve lost because so many people are now working from home?
Should’ve included a link…
https://www.northjersey.com/story/news/transportation/2022/10/12/nyc-migrants-crisis-nj-buses-companies-eric-adams/69558788007/
“Adams began cracking down on buses with the inspections and citations to deter bus companies from coming to New York with asylum-seekers.”
“Nomad: That disdain my the liberal elites I have seen it and heard it multiple times.”
Well, since we’re talking anecdotes, I’ll just pipe in that I have never heard any disdain toward the working class from any folks in my social circle. But my social circle includes working class folks (as well as Phds, wall streeters, and lot’s of college educated professionals).
Perhaps the fact that you are hearing this from the people you associate with says more about you than it does about the “liberal elites” (whatever those are).
SGC, I’m sorry but the left wing cannot admit how bad local governance is under democrat control. In this case it’s political but utilizing regulations to extort money from the citizenry is actually worse! Everything the modern democrats touch turns to feces. The Clinton wing of the democrat party died back in 2001 and what we are dealing with is not simply a difference of opinions about governance.
Average life expectancy for people reaching age 60 in 1936 = 73.7
Average life expectancy for people reaching age 60 in 1982 = 79.85
Average life expectancy for people reaching age 60 in 2020 = 83.59
Looks like a shitload of extra money to me to pay people to sit on their ass.
Ex says:
November 17, 2022 at 12:04 pm
How low is still too high for the Republicans? Social Security has been slashed before our eyes for decades and voters have not noticed. They should.
The Social Security system was implemented nearly 87 years ago, in 1936, despite majority Republican opposition to the plan. Social Security was never designed to replace 100 percent of preretirement income, but it replaced a lot. But since Republicans began slicing it in 1982, Social Security replacement rates have fallen dramatically. Mark Miller, in his Retirement Revised blog, describes the Center for Retirement Research’s findings that average earners retiring at age 65 would have received 41 percent of their preretirement earnings from Social Security in 1995, after considering taxes and Medicare Part B premiums, but would replace only 29% of their income in 2035. The Social Security replacement rate will have fallen from 41% to 29% in 30 years. That’s a ton of lost money for seniors in need.
OC1: You would be wrong in reference to me. I mix with people from all professions , blue collar, and white collar, and from all professions and backgrounds. Away from that, over the years one comes into contact with lots of other people, work, friends of friends, acquaintances etc, and whether you believe it or not, I have encountered the contempt for blue collar working class people. Fortunately, in my circle of friends and family it is not an issue, although there a couple that have that attitude, and we call them on it, when they start with that nonsense.
I grew up in NYC, and my neighborhood was working class, in that they all worked for a living. Bookkeepers, Secretary, oil truck driver, bank teller, teacher, cop, fireman, conductor on the subway, clerk on Wall Street, and a host of other jobs. It’s only when I moved to the suburbs that I encountered this elitism, and blue collar/ white collar, and yes from my experience it appears to be more common with those who profess to be liberal, and again that’s from my experience.
Looks like a shitload of extra money to me to pay people to sit on their ass.
Ex,
Garyyou are “uninformed”.Let bring it to example Smallbrain can understand. Schiano has seen the tape on PSU. He sees elite RB and aggressive DE. He decides to put waterboy in at QB who then gets demolished. He complains that it is unfair as the waterboy tried very hard but he kept getting sacked. He claims that PSU cheated with their playbook and RU is too morally high to hurt the PSU QB. RU loses 55-0. Actually that is my prediction for Sat
MIKE ROWE: I do think with regard to that workforce participation rate, that to me is the most chilling metric of all. It’s more chilling than the latest report card because it’s an indication of what’s to come. Seven million able-bodied men between the ages of 25 and 54 are not only not working, they are affirmatively not looking for work.
They’ve punched out. They’re done. The vast majority of them spend over 2,000 hours a year on screens. Now, I’m going to get a lot of pushback for this because people will say, well, you’re just calling lots and lots of people lazy. No, I’m not. I’m saying that the unemployment rate is an artifact left over from the Depression era when we tried to make sense of what was happening in our economy during a time when we explained unemployment by a lack of opportunity. Today you have 11 million open jobs. You have 7 million able-bodied men sitting it out. So what’s really happening in the country now that scares me right to my core fundamentally is that we’ve never had so much unrealized opportunity and so little enthusiasm for it.
Any questions?
Yeah. How many of those jobs are McDonald’s hourly type jobs that nobody wants regardless?
Actually Gary….. this is probably just as important… since the damned thing is paygo….
https://www.ssa.gov/history/ratios.html
“The problem with socialism is that you eventually run out of other peoples’ money.”
Margaret Thatcher
Fast Eddie says:
November 17, 2022 at 2:38 pm
Looks like a shitload of extra money to me to pay people to sit on their ass.
Ex, Gary you are “uninformed”.
OC,
I think it’s a geographical thing. People I associate in the same demographic who hail from flyover don’t have the disdain that the group from this part of the world do. And FYI, there is a whole lot more arrogance (unsubstantiated I might add) up here than flyover even when the flyover group can buy the crowd here group multiple times over. Doesn’t mean it’s true in each and every case but as a generalization. Part of the problem is that people from different groups don’t interact today as much as they once did which all the reason that after graduating high school, kids should spend 2 years in the military which is something most parents would fight like hell against.
This tit for tat is really getting silly. Can we just call each other names like they do on the left and right supposed news sites that do nothing but manipulate the news to your liking?
When we got our Glen Ridge low ball, it sat on the market for almost a year, and fell out of contract twice during our patient wait for the bottom. Want to know why no one wanted it? Two reasons and I’ll post pictures. To most, the lack of updated kitchen and baths was a complete turn off. Also, the flooding backyard was a bit of a miracle in disguise. It allowed us to lower our taxes to, “how the fuck did you do that levels?” Saving us tens of thousands of dollars (over 50K in total so far) over the time we have owned the house. Since we are not in a flood zone, the flood insurance which resulted in a new furnace, freezer and washer and dryer cost us about $400 a year on average. The cost to gut and upgrade our kitchen, and our two bathrooms, plus sheetrock over the cracking plaster ceilings in three bedrooms was exactly 50K. Oh yeah, in 12 years, the flooding only got into our basement once. Keep in mind, the flooding subsides completely within 12 hours of the end of the storm. I know this would scare the heck out of most people, but this extreme flooding only happened twice. Only the second time did we sustain any damage to the basement.
Here are the photos.
https://photos.app.goo.gl/i6CuQUfHGWRnfz9t9
https://photos.app.goo.gl/zs2hCYoA1kR9FPLFA
You have a bidet? I guess you take pura vida seriously!
Cleanliness is next to Godliness.
House came with a bidet. Jr., thought it was a water fountain. We promptly trashed it.
Nomad and 3B-
I think you two should be arguing with Eddie and Chi, because I’m pretty sure that there aren’t too many college educated liberal elite among those 7 million able bodied men who have left the workforce and are “sitting on their asses”.
Oc1 : You just proved my point in a way. It appears you believe all of those 7 million are high school grads or less, and that one of them are college educated elites. Oh and by the way you can consider yourself elite, and be a college graduate and not have a pot to piss in.
Ex: Would not a Mc Donald’s job hourly type job better than the alternative of no job? More so if one has no skill or the education required for a specific job? And could not that hourly job provide a path to something better in the future?
Look, if you were brought up like me and have worked (or tried to) since age 10, paper route (80 papers) you know that making money of nearly any amount is essential for survival. If you were brought up in a different way. Perhaps not had that idea drilled into your head. You might think. No.
Pot to piss in. That was always my granny’s favorite saying.
We know it’s all about the balance sheet. Monthly obligations vs what you make.
This is why, as much as the central coast of California is compelling, you would either have to be 1. rich. 2. work until you kick…..and stay employed in a pretty lucrative job before you can be here. I kind of dig that. It means that everyone is scrapping to be here. Somehow, some way. Because the Cost of Admission is so great, you end up with a certain…..Quality? of person. Can I say that. Look at great towns in NJ. It’s exactly the same. “this is where the winners are” essentially. Now, I sound like Pumpkin.
But all of that winning comes at a cost. Usually an insane one.
Ex: Looks like we were bought up the same way, in my case having immigrant parents contributed to that. Hard work, and save money.
Northeast is gold. People just don’t realize it yet. Coastal northeast will become the most valuable property if climate continues on its path.
How long before Arizona becomes a “Mad Max” scene?
https://www.nbcnews.com/news/us-news/faucets-poised-run-dry-hundreds-arizona-residents-years-end-rcna57550
I don’t make the rules of the capitalist market. Most expensive markets are the best places to live. Sure, you can get something much cheaper in east bumblefuck, but top locations require the winners of capitalism. 3b will never understand this market dynamic.
“Can I say that. Look at great towns in NJ. It’s exactly the same. “this is where the winners are” essentially. Now, I sound like Pumpkin.
But all of that winning comes at a cost. Usually an insane one.”
I will say, heavy populations moving to deserts with no water is a clear sign of the faults of capitalism. Price drove these people there, and it will be the death of them in terms of future financials. Price efficiency isn’t always efficient long-term.
3B-
Labor participation rate for college grads is always much higher than for non-college grads, so most of those 7 million out of the workforce are probably not college grads.
But people can be “out of the workforce” for very legitimate reasons. It’s Eddie and Chi who think those people are “sitting on their asses”, not me.
Imagine price being more important than long-term natural resources like water availability. People are absolutely insane.
6:45 real estate was always #1 in my home growing up.
Dad always pointed out people with flashy cars sometimes live in shitty homes.
We saw more of that in the south. Weird.
Our pops always put everything he had into home & education. Drove shitty cars most of the time. Clean and undented. But plain Jane Chevy or dodge.,
It was always put as much as you can into a house and so we had a most bungalow in the nicest streets in town. Truly a paradise to grow up there. To run those blocks as a kid. Have that city park. Tennis courts. Huge trees. I hear the town gotten really shitty but those streets still look great 3 seasons a year!
Oc 1 I understand the labor participation rate is higher for college grads, just pointing out that I am sure there are college grads sitting at home too. I also agree there are legitimate reasons to be out of the workforce, but there are also
Lazy unmotivated people from all walks of life including the college educated who are just lazy and don’t want to work. How many? I don’t know.
This is ridiculous
Senator Cory Booker, Democrat of New Jersey, recently praised Elizabeth Holmes’s thoughtful focus and “determination to make a difference.”
The actress Ricki Noel Lander said Ms. Holmes was “a trustworthy friend and a genuinely lovely person.”
Pretty much convinced that work ethic and ambition defeat smarts long-term based on almost two decades with children.
3b says:
November 17, 2022 at 7:25 pm
Oc 1 I understand the labor participation rate is higher for college grads, just pointing out that I am sure there are college grads sitting at home too. I also agree there are legitimate reasons to be out of the workforce, but there are also
Lazy unmotivated people from all walks of life including the college educated who are just lazy and don’t want to work. How many? I don’t know.
Honestly, lots of kids have figured out that school is mostly a game.
It’s not necessarily the best preparation for adult life, they can also make
more doing many off the books work. Only a sucker would sign on for a fast food gig.
Same world wisdom displayed.
Juice,
Anytime someone brings up Kagen, I ask them to explain Harriot Miers.
Because it would be fantastic and better if we had two inexperienced, unqualified people on the Supreme Court.
You’ll have to excuse Cory, he too doesn’t understand the difference between fraud/endangering people’s health and pretending to help people.
“I will say, heavy populations moving to deserts with no water is a clear sign of the faults of capitalism. ”
Back in 2000 I spent a month knocking around the southwest. Spent a lot of time around Moab, Utah (near Arches NP).
Today Moab is a crowded and congested tourist town (like the NJ shore, but without the beach). But back then it was a quiet little town with just a few motels-not much different than when Edward Abbey hung out there.
Got a haircut in a local barbershop, and the main topic of conversation among the patrons (most of whom seemed to be just hanging out and chatting) was – water.
And that was back when levels in Lake Mead and Lake Powell were near historic highs (today those reservoirs are at historic lows, and still dropping).
As the resident expert on Las Vegas, the problem is not the water usage for residential. It’s the farming of the deserts that is causing the shortage. There would be plenty of water for everyone if we did not grow food in the desert. The reason Mead is so low is due to all of the water that is routed to the farms upstream as well as to Southern California (also mainly for farming). People don’t realize how much water farming requires. One acre uses 330,000 gallons a year. The average household uses 50,000 per year. In Las Vegas, due to water reclamation the average household uses no water indoors since it is 100% recycled. The other 60% that is not reclaimed goes to industrial and/or outdoor use.