From Bloomberg:
Manhattan Home Prices Slip 5.5% in First Decline Since Mid-2020
Manhattan’s homebuying market weakened at the end of last year, but didn’t foreshadow a deep freeze heading into 2023.
Co-ops and condos traded for a median of $1.1 million in the fourth quarter, a 5.5% drop from the same period in 2021, according to appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate. It was the first year-over-year decrease in prices since sales stalled at the beginning of the pandemic, in the second quarter of 2020.
The quarter, though, doesn’t appear to be the start of a steep tumble.
“You’re going to see a modest decline in pricing over the year, but not a correction,” said Jonathan Miller, president of Miller Samuel.
Tight inventory is “underpinning” property values and keeping them from falling more dramatically, according to Miller. As is the case across the US, Manhattan sellers are reluctant to settle for discounted prices or give up the low mortgage rates they secured before the Federal Reserve began raising interest rates in early 2022.
There were 6,523 homes on the market at the end of the fourth quarter. While that’s up 5.1% from a year earlier, it’s down 16% from the previous three months, and still a low level for Manhattan.
…
Even as short-term comparisons might suggest that Manhattan is struggling, the fourth-quarter data show a market that’s stronger than just before the pandemic. While prices have retreated from their highs, they’re still 10% above the $999,000 median at the end of 2019, and closings totaled nearly 6% than three years ago.
“The overall narrative is more negative than it actually is,” Miller said.
As is the case across the US, Manhattan sellers are reluctant to settle for discounted prices or give up the low mortgage rates…
Interesting. And it’s the reason why you can’t compare previous cycles. Market dynamics are unique each time. You have a 3% fixed mortgage and reluctant to sell because you don’t want to buy your house again for a higher price and higher rate. It’s a catch 22. Meanwhile, there’s no inventory. If you’re downsizing considerably, perhaps that’s the only winning scenario. What’s a muppet to do?
Cash is king – buy the new place cash, write the mortgage on the sale of the old property.
Sell it private party and throw the new buyers a half point discount.
Tucker Carlson: Winner!!! Most Punchable Face Award
I wonder if there will be a boom in remodeling and expanding homes. Got a mtg with a 3 handle but need more space? Then put dormers on the pod cape or extend the colonial.
The ‘X’ factor and still to be determined is the effect on remote work. If I can move anywhere and keep my job that’s based in the NYC area, might I find a nice 4/2.5 CHC in Knoxville for half the price and a third of the taxes?
Fast: Lots of old timers in north Jersey, eventually those houses will become available. In the meantime Bergen Co has brand new spanking luxury apartments all over the county.
The genie is out of the bottle. Lower Manhattan will never see the number of workers in buildings pre covid. What will happen to all that space? Convert to housing so those can enjoy the pace of the city as it it used to be? Right now, that’s not the case. I always said Manhattan will survive and thrive in endless forms as it’s done in the past but I have no clue what NYC will look like in 5 to 10 years from now.
3b
Medical care in New Jersey, especially north of the raritan bridge , is so amazing new Jersey and are borderline immortal.
Build to rent homes are now 12% of new single family homes being built in states like Texas. I would expect rent to own to make a comeback as well.
Juice
Got a few of those rental home communities in my area. They’re advertised as luxury leased living or something like that. The ones I see from the road are about the size of my old 2 bedroom apartment in Edison.
And in the future you will own nothing and be happy about it.
If NYC stays on its current course: higher crime, random violence…it’ll bleed out slowly.
9:06 the only people who own in CA are rich or inherited the place. True story!
Good chance that NY metro sees its population hit 25 million before we’re dead.
That’s 25% more people than live in the NY-NJ-JC MSA today.
Hold: North Jersey is special!
Except for a slight uptick in 2021, the US birth rate has been on the decline, and new household formation also declining. Where is the demand for more single family homes coming from?
8:58 I’ve never considered renting out a home before, but here in CA….it makes sense!
Generational wealth is helped leaving the kiddo something tangible.
I was hanging out with a dreadlocked CA native (musician type) the other week who said his dad told him to never sell a home in CA. You’ll never afford to buy another.
9:38 offshore buyers/investors. Ask Canada!
Fast: Dump your SFH in upper haughtyville Bergen and enjoy luxury apartment living in Hackensack. You even get a sophisticated address in one of the new developments; One Kinderkamack.
Salesforce cuts 10% of its workforce: ‘We hired too many people’
https://www.yahoo.com/finance/news/salesforce-cuts-10-of-its-workforce-we-hired-too-many-people-122806630.html
How may other corps are planning the same?
I hate to vehemently disagree, but it is Chris Hayes hands down.
He went to my high school too. I can totally place him there and all of the social studies classes I would have to sit through with him.
There was no jock/psychotic bully element, so he never truly got his ass kicked. You can tell. I know a dozen people like him.
Ex says:
January 4, 2023 at 8:07 am
Tucker Carlson: Winner!!! Most Punchable Face Award
The NY Times presented an essay this week remarking that not only do shorter people tend to live longer, but they’re also crucial in conserving food and resources in our dying planet.
If plausible, perhaps we should fine people for being overweight and “consuming” too many resources. Become obese and you may need to be incarcerated and forced to eat boiled chicken and vegetables until you reach an acceptable weight.
Let’s start with the CEO of Salesforce as he looks like he ate a few children.
Wayne Mayor is going to retire into a nice part time job…
The Wayne township council is offering to make its part-time mayor Chris Vergano full-time, with a pay hike that would boost his salary from $18,750 to $140,000 a year.
Vergano, 63, is about to retire from his private sector job as a human resources executive at a plastics company in Lincoln Park. He’s also in the middle of his fourth term as mayor of Wayne – a position that, at least until now, has always been considered part-time.
But all that would change under an ordinance that the council has on the agenda for Wednesday night’s reorganization meeting. The proposed ordinance would make Vergano a full-time employee with all the full-time benefits that department heads enjoy.
“I’ve never considered renting out a home before, but here in CA….it makes sense!”
Renting makes sense for a lot of people in a lot of places.
The US tends to fetishize homeownership, but it’s not the right choice for everybody.
I always thought it was crazy to push home ownership as a great wealth builder.
Buying a house is like buying one very expensive share of one company’s stock- on margin. Twenty to thirty years from now, that stock might be wind up being an Amazon, but it could just as easily be an Enron.
The NYT used to have a really good “rent vs own” calculator- very detailed (it included moving costs, taxes, maintenance, rent inflation, house inflation…) . One option it had was to invest your down payment amount if you were renting.
At the time, I was comparing one-bedroom condos to one-bedroom apartments (other housing options might yield different results).
For time periods less than 5ish years renting was better in terms of wealth. Then for 5-30ish years in the place buying was better financially.
But after about 30 years, surprisingly, renting became the better option again, and the financial advantage of renting vs owning just kept growing with time.
I suspect a big factor in that was the “invest your down payment” option for renters- stocks can compound an awful lot in 30+ years.
But even so, the financial advantage of one over the other was never so huge that either choice would be an obvious deal breaker- lifestyle choices seem much more important than the financial advantages/disadvantages.
Though I suppose for really long time frames (40+ years) the renting advantage might be too big to ignore.
Actually, yes, we’d rent….but also rent out the place we own. Crazy?
Done all the time. You left out the key element. He gets years of service for is entire stint. Usually done for a long-term city counsel employee, that retires from the private sector and gets a BS job. So what was a mini-pension gets turbo charged on the public dime.
Juice Box says:
January 4, 2023 at 10:49 am
Wayne Mayor is going to retire into a nice part time job…
The Wayne township council is offering to make its part-time mayor Chris Vergano full-time, with a pay hike that would boost his salary from $18,750 to $140,000 a year.
Vergano, 63, is about to retire from his private sector job as a human resources executive at a plastics company in Lincoln Park. He’s also in the middle of his fourth term as mayor of Wayne – a position that, at least until now, has always been considered part-time.
But all that would change under an ordinance that the council has on the agenda for Wednesday night’s reorganization meeting. The proposed ordinance would make Vergano a full-time employee with all the full-time benefits that department heads enjoy.
Don’t look it up.
What is the 5th biggest stock on the S&P 500 by market cap as of 12/31?
Juice,
Don’t get me started….I’m fired up.
“The reasoning behind the proposed pay raise wasn’t immediately clear. Patch reached out to Vergano and Wayne Business Administrator Christopher Tietjen but didn’t receive a response in time for initial publication.”
I firmly believe the Northeast Megalopolis will continue to grow and in-fill wherever it can. It is currently the most economically important “city” the world and will easily surpass its current population of 50 million.
NYC will never be a realistic option for low-income insurrectionists.
Yes, and it blows my mind that 3b doesn’t understand this when he mocks the area as “special.”
grim says:
January 4, 2023 at 12:21 pm
I firmly believe the Northeast Megalopolis will continue to grow and in-fill wherever it can. It is currently the most economically important “city” the world and will easily surpass its current population of 50 million.
Future of the east and west coast is probably more similar to this.
https://images.theconversation.com/files/496151/original/file-20221118-9310-fz02zk.jpg?ixlib=rb-1.1.0&q=45&auto=format&w=754&h=503&fit=crop&dpr=1
In 20 years we’re going to be questioning what a ‘city’ even represents – since they will largely be invisible and irrelevant delineations of the sprawl.
Thank you for the ringing endorsement.
Medical care in New Jersey, especially north of the raritan bridge , is so amazing new Jersey and are borderline immortal.
New Year posts were a rip BTW.
Americans, as usual, kept me very busy. The overtime was welcome, however.
I’m sure Uncle Sam will be grateful, he can send it to some foreign country for me.
Would have wished he spent it on more staff for my place, the ER gets mobbed and is always short staffed, hence your wait when you go to one. That and many of the people that arrive there should have been treated at an urgent care.
Haven’t seen a candy striper in years. I always thought they were underage. Christ half the ones I work with look underage to me and they are all licensed up.
Happy New Year to all on the forum. May none of you fall in the shower on something this year. If you do, give Lib a call-I’ll send to to the right person to have it extracted for you.
Anyone into boxing. One hell of a KO on this one:
https://bit.ly/3Z8kXvr
In other news and from the WSJ no less, Dad bods are out and physical fitness and being ripped is what many of Americas CEO s aspire too. This apparently has been the norm for American women who are CEO s and other such female movers and shakers. To quote, he is a slob, he’s fat and buys his clothes at Costco. They don’t want that these days.
Thanks for all of the suggestions for dealing with my younger kid financially. Immediately after typing my post I came down with a stomach bug that has been running through my family. First it was D. Then Gator and now me, with Jr. starting to feel symptoms. I slept from 7pm yesterday until 9am today. I am just now feeling the first pangs of hunger, which means its almost through me, though I still can’t keep my eyes open.
As to whether or not D would need to be institutionalized, the answer is probably not. He continues to develop thanks to our ability to get him the best help possible. He could probably work a cashier job, albeit, a little slowly due to his fine motor deficits. I really don’t see him institutionalized. Part of the Costa Rica plan is to have a full-time live-in care giver at the home who will definitely ease the burden. This currently costs between $300 to $400 a month on the books. And Gator is starting to come around to the concept of it. If we do go this route, I doubt I will consider the 2nd to die life insurance policy as health care is so inexpensive down there as is really everything. Though you are likely to lo live longer.
3b.
And all the cops lathering on androgel instead of old spice. Makes you ripped in no time.
Yeah, we know.
A little dab will do ya.
Oh shit!
3b says:
January 4, 2023 at 12:54 pm
This apparently has been the norm for American women who are CEO s and other such female movers and shakers. To quote, he is a slob, he’s fat and buys his clothes at Costco. They don’t want that these days.
Phoenix: Had to Google Androgel; I had no idea you could get testosterone as a cream!
3b,
Oh yeah. And the PoPo, well, for some reason, the bottle they get never seems to last the time frame that it’s supposed to last.
I guess they believe the metered pump it comes with, that dispenses an accurate dose every time, lies to them as much as they lie to you.
Haha. Yup, doctors talk and tell us everything. And so do your charts as we have to read them. The amount of people doped up on some kind of help is staggering.
Oh, hell, they have that girl already in court:
https://youtu.be/84phU8of02U?t=57
North Jersey is a lot like Fort Worth and Dallas, except instead of being carved into 40-50 towns you get 2 cities. And the bbq and pho is much better here.
Hold: Eventually Bergen Co will be combined into one city, perhaps two. The current set up is not sustainable.
chicago,
Are you sure he will get pension service credits for his part time years?
chicagofinance says:
January 4, 2023 at 11:34 am
Done all the time. You left out the key element. He gets years of service for is entire stint. Usually done for a long-term city counsel employee, that retires from the private sector and gets a BS job. So what was a mini-pension gets turbo charged on the public dime.
3b,
Eventually Bergen Co will be combined into one city, perhaps two. The current set up is not sustainable.
LOL. I’m laughing sarcastically. What you say makes perfect sense but is the police chiefs from Norwood, Old Tappan, River Vale, Harrington Park, etc. going to give up their disgustingly high salaries to combine? LOLOLOL!! You know, because putting your life on the line daily in these crime ridden towns demands that salary! /sarcasm off.
Joyce: it is what they used to do in Hoboken with council members, but at least up to 15 years ago pension years were credited.
Left: Red crack 20 at #18. Jan 14-28 BU, QPac, Harvard. The entire season right there.
Fast: Oh I know they will fight it tooth and nail, but in the end I believe it will happen. Also, the silly white people that grew up out here and have this my town is better then your town attitude is fading. 70 odd towns in a county of about 1,000,000 people is just insane.
rotfl….so true.
Fast Eddie says:
January 4, 2023 at 2:08 pm
3b,
Eventually Bergen Co will be combined into one city, perhaps two. The current set up is not sustainable.
LOL. I’m laughing sarcastically. What you say makes perfect sense but is the police chiefs from Norwood, Old Tappan, River Vale, Harrington Park, etc. going to give up their disgustingly high salaries to combine? LOLOLOL!! You know, because putting your life on the line daily in these crime ridden towns demands that salary! /sarcasm off.
Share of new car buyers with a monthly payment of more than $1,000 hits record high
For the first time, just over 15% of consumers who financed a new car in the fourth quarter of 2022 committed to a monthly payment of $1,000 or more — the highest level on record — compared with 10.5% one year ago, Edmunds found.
Mindboggling
15% of consumers who financed a new car in the fourth quarter of 2022 committed to a monthly payment of $1,000 or more…
Oh… My… God!! This is f.ucking ridiculous! People are idi0ts!
Grim/ Fast It is mind boggling ridiculous and any other word that can be used to describe this type of behavior.
In other news Fed minutes say no rate cuts this year, and Ronzoni will stop making pastina.
I grew up on Pastina.
Ronzoni will stop making pastina.
Blasphemy!!
I feel like that whole Pastina thing is a publicity stunt.
Grim: It could be, they claim the 3rd party manufacturer will no longer make it , and that they can’t find a replacement manufacturer.
No, that stuff is real. Great in chicken soup and you can make a poor man’s risotto with it pretty easily.
Wonder if the current manufacturer is interested in selling the production line. I’m going to be the pharma bro of baby pasta.
People will pay $9 a box.
We all grew up on pastina.
Pastina with butter, with sauce, in soup, the whole shabang.
Lib: Yep! And it’s a lot quicker prep time than risotto.
3b, that’s for sure. I’m guessing Barilla makes it and doesn’t want to share the product any longer.
Grim: There are other pastina makers out there , why not just use them? I thought Ronzoni was still family owned as well.
Took some profits, opened up some more buying power in my non-margin accounts…when’s the downdraft start Lib?
BRT, thoughts on AMZN short? Beaten to hell already, but really hating this name. I’ll be canceling my Prime at the end of the month lol. Need to research, haven’t pulled up anything even Ks/Qs…how far down does MSFT go…inquiring minds want to know…
Left,
Next earnings season. When people find out that Xmas barely happened this year. Anecdotally, many Whole Foods are so inundated with returns that they can’t take anymore. Problem with Amazon short is that they mostly got beat down on inflations impact on shipping costs turning their margin negative. As inflation tempers, they’re reports are going to look very good. It’s too soon, but I expect AMZN to be the best performer among the FAANGS on the turnaround. Be patient here. I always expected blood in streets would occur sometime between the Spring and the Summer. It’s barely Winter.
Their….not they’re.
I’ll be canceling my Prime at the end of the month lol.
Feeling the same way recently, Amazon is just the expensive version of Alibaba and Wish. Unless you are searching for specific brand+product combinations, it’s nothing but no-name import crap being shoved down your throat.
I’m not seeing that. I find great deals all of the time on Amazon. Though, it’s becoming very interchangeable with Walmart+.
I’m still trying to wrap my head around a $1,000 car payment. And I’m sure it’s not because they are signing up for shorter 2-3 year terms.
Must be doing something wrong driving a paid off shitty little Honda HRV.
I really can’t imagine how much better the vehicle would need to be to make me feel justified in spending $1,000 more a month, that’s a high bar.
I’d much rather drive a beater and plow $50k into my 3-year old’s 529 and just get college taken care of now.
Grim: Apparently, Wyoming has the highest monthly car payment, followed by Texas. And much of it is attributed to trucks and people wanting luxury automobiles with all the bells and whistles.
Boebert told Trump to call McCarthy at the start of the fifth vote for speaker
She then nominated Florida Rep. Byron Donalds as the alternative candidate
McCarthy went on to lose the fifth ballot, with GOP rebels refusing to back down
Trump on Wednesday morning urged House Republicans to back McCarthy
Also insane to me in the concept of a $100k pickup truck. I don’t get it. F*ck, I’m out of touch.
Oh my god, it gets worse:
5.4% of consumers who financed a used vehicle in Q4 2022 committed to a $1,000+ monthly payment — also a record high — compared to 3.9% in Q4 2021 and 1.5% in Q4 2020.
17.4% of new vehicle sales with a trade-in had negative equity in Q4 2022
Grim: I agree, insane. I wonder how many of these people can truly afford a 1,000.00 a month car payment?
The irony with the Wayne mayor; he is hardcore republican. He is taking a 18k position and now creating a high paying position out of it. This is why blue or red, it’s all bs. Human nature is a biatch.
Ever realize how all the high paying cop jobs in nj are in red towns?
“Future of the east and west coast is probably more similar to this…In 20 years we’re going to be questioning what a ‘city’ even represents – since they will largely be invisible and irrelevant delineations of the sprawl.”
Looks like a cancer, not a lifestyle….
At $140k, I don’t think the Mayor wouldn’t even be in the top 25% of highest paid Wayne employees
Amazon is not going away people. I’m with Lib on this. I still use it regularly, and as for prime, they do have some good series on there. Still worth the price. Plus, I regularly shop at wholefoods, and the prime savings alone pays for itself.
Again, a red town paying their cops big bucks. Meanwhile, paid like chit in blue towns like clifton, passaic, and paterson. Picking political teams is for the birds.
Grim says:
January 4, 2023 at 4:15 pm
At $140k, I don’t think the Mayor wouldn’t even be in the top 25% of highest paid Wayne employees
Grim,
It’s the fact that he is a hardcore republican. It’s okay to create a new much higher paying job because it’s for himself. Now, every future mayor will get this and more. Thanks, Mr. Red.
I’ll bite.
What’s the benefit of living in rural america? It sucks. Great plains…drive through and it’s nothing for hours. F that. South jersey…upstate ny…shoot me if i have to live like that. It’s completely boring. Concentrate the human population and leave the other land for nature and vacation homes. This is the way.
leftwing says:
January 4, 2023 at 4:14 pm
“Future of the east and west coast is probably more similar to this…In 20 years we’re going to be questioning what a ‘city’ even represents – since they will largely be invisible and irrelevant delineations of the sprawl.”
Looks like a cancer, not a lifestyle….
chi, agree the season rides on those matchups.
Also recall pairwise is what matters, ncaa/uscho polls not really relevant…need to clear 15 at a bare minimum here, 14 much better, 13 should be a lock…good news we’re at 17….
https://www.collegehockeynews.com/ratings/pairwise/
3b
I doubt that giant city will happen. Too many workers need to protect their little kingdom. Plus there’s a river of wealth flowing though north Jersey. You just need to drop a thimble into it to pay your property taxes.
Left and others,
Nothing’s really changed. Remember the interest rates from 2009 until now.
\https://photos.app.goo.gl/wQcULgz1JP6vjwvc7
How much are people paying for a new car if 15% have 1k a month payments?
I looked at Hyundais site a few weeks ago. A fully loaded Tucson Hybrid with $1,500 down was around $700 a month for 5 years. And that’s for a $38k car with a 100k mile warranty in the battery and power train. And I thought that was a lot.
This is all so foreign to me. I’ve never had a car payment over $300. And that’s without a valuable trade. My Civic, back in 95, was $199 with $7,000 down.
Decided not to trade in the 4runner for the lighting, 135k miles and still runs like new. Watch a toyota mechanic on youtube the other day said that specific engine will run for 300k and only thing you may need to change it the water pump. Did treat myself to an upgraded head unit with andriod auto. Sound system was garbage. Dealer has the lighting listed for 15k over msrp
50K car, nothing down, 60 months at 4.5% gets you to almost $950 a month on a car payment.
I’ve noticed the new it SUV is the BMW X7 (but only in white!). What a colossal waste of money.
The check engine light came on on our pathfinder. My mechanic told me it’s something with the exhaust system, probably the catalytic converters or O2 sensor, but he doesn’t do exhaust. Dealer wanted something like 5k for catalytic converters and O2 sensors and a local exhaust specialist wanted over $2,500. We’ve been debating so we fix it or dump it for a new car. Well I forgot to put the gas tank cap back on after I filled up in beginning of November . I only put gas in it about every month or two since we only drive it 30-50 miles a week. Went to O’reillys and bought a new one for $17. 50 miles later the check engine light went off and has stayed off for 6 weeks. And it passed inspection this week. Was all excited and bought lottery tickets to celebrate a good start to the year.
Hold: And the rivers shall run dry!
Fast Eddie,
If you want to watch a series with multiple characters full of what they call “toxic masculinity” and less political correctness than usual then try watching Yellowstone. Even the big boobed blonde in the show has toxic masculinity.
They sure don’t sit around whining about people not liking their posts on instagram, or worry about their pronouns. It’s basically Cowboys and Indians versus real estate developers. There’s a fake native american woman who teaches social justice at university, but they dropped her side plot fairly quick.
Lib, let’s see on AMZN…if it weren’t for the precipitous decline already (and maybe some positive news on ads) shorting it would be a no-brainer for me…still overvalued….two businesses, $25B of total OpInc, 7/18 split between retail and AWS….
What do you pay (in terms of multiple) for a $7B OpInc retail business growing at 5% or so? I don’t care it’s the market leader…quite frankly, that begs for a lower multiple, not higher…
AWS exposed, pricing coming down there since end of 2021 IIRC, they made it up on volume….if AWS slips, even just relative to Azure or GCP, you’ve got a market confidence problem in the shares…aside from that what do you pay (in terms of multiple) for an $18B OpInc cloud service provider…
Since the stock was in the 140s all I’ve heard is ‘based on the valuation of AWS alone you are getting Retail for free’. Nice analysis, except the downdraft in tech services valuation multiples outpaced the growth of the profitability of the business….
Haven’t seen the UBS report that took MSFT down today on the back of a call for deceleration in Azure so don’t know if Azure’s supposed slowing is because of AWS/GCP market share gains or indicative of a revenue deceleration (pricing?) in the sector in total….
Anyway, need to figure out if given the current share price whether it’s even worth digging harder or just chalk it up to an opportunity missed and move on to lower effort, equal probability trades….
Plus these fuckers need to figure out how to get me my razor blades in less than eight days goddamit….
Guy in my commercial building a few doors down with an F350 that had his huge diesel engine die at 80k miles. Dealer quoted him $25-30k to replace the engine. He ended up getting a rebuilt engine from the dealer for $15k and swapping it himself to save money.
One day during last summer, he asks my dad to drive my forklift over to help him take the cab off the frame for the swap. They end up doing ballet with two forklifts to take the body off.
Credit to the guy, it took him a whole week, but he did it himself. Not bad to save $15k. But, then again, Polish dude that grew up wrenching. Not sure how many people today would even attempt to take that on. Easier to just trade it the dead truck and make the $1,500 a month payment for the next 96 months.
“I’ve noticed the new it SUV is the BMW X7 (but only in white!)”
Suburban soccer moms getting their way, ponytail through the back of the Red Sox hat style…no self respecting guy drives a white SUV….how many cup carriers?
If Google changed their commercial approach, they’d claw away a ton of AWS market share. Those guys are polar opposites in terms of sales approaches. If you’ve been an AWS devotee for years, Google’s huge commercial commit sales approach is downright vulgar, even if it is less expensive.
LOLOL!
https://imgur.com/a/19RpSFF
Everyone with whom you discussed the issue is a crook. Fucking IQ test….. you passed.
I hate feeling clinically paranoid, and then proving my instinct right. It is so bad. I feel as if I cheated death.
Good one.
Hold my beer says:
January 4, 2023 at 5:05 pm
The check engine light came on on our pathfinder. My mechanic told me it’s something with the exhaust system, probably the catalytic converters or O2 sensor, but he doesn’t do exhaust. Dealer wanted something like 5k for catalytic converters and O2 sensors and a local exhaust specialist wanted over $2,500. We’ve been debating so we fix it or dump it for a new car. Well I forgot to put the gas tank cap back on after I filled up in beginning of November . I only put gas in it about every month or two since we only drive it 30-50 miles a week. Went to O’reillys and bought a new one for $17. 50 miles later the check engine light went off and has stayed off for 6 weeks. And it passed inspection this week. Was all excited and bought lottery tickets to celebrate a good start to the year.
so good
leftwing says:
January 4, 2023 at 5:52 pm
LOLOL!
https://imgur.com/a/19RpSFF
re: check engine light and inspection.
It pays to be handy….gas cap is more common than most people think.
On my 10 year old truck I have replaced the purge valve sensor four times. The OEM component ACDelco $22 part kept getting stuck open so it would rough idle, engine light would come on etc. First time I went to the shop and paid $400 for the diagnosis and part replacement, after that I now do it myself. I was able to find a different one from another manufacturer that has been working fine for years now. I even bought a spare.
O2 sensors, some vehicles have four our more!! Easy to change if you can get the code and see which one is bad.
Just buy a cheap OBD2 Scanner BlueDriver Bluetooth Pro OBD2 scanner is what I have it is a few years old but works great will reset the engine lights and codes. Do reset before inspection….always clear codes.
You made my point. Those fucks saw the codes and knew he had no issues, but spoke with a forked tongue anyway.
Juice Box says:
January 4, 2023 at 6:07 pm
re: check engine light and inspection.
Just buy a cheap OBD2 Scanner BlueDriver Bluetooth Pro OBD2 scanner is what I have it is a few years old but works great will reset the engine lights and codes. Do reset before inspection….always clear codes.
Do reset before inspection….always clear codes.
Well, don’t do it right before inspection. Guaranteed fail.
OBD 2 cars self inspect, they have to go through a drive cycle to set monitors. Some OBD readers will tell you when monitors are set- each car has a different drive cycle. Temp, fuel level, driving speed parameters must be met for each monitor- some cars reset quick, some take days.
You go there without them set, you fail. Buying a used car, check that monitors are set. If you purchase with just light being off you might get burned badly.
Depeche Mode in April MSG. To get in building at this point is $389. Someone has last row at the ceiling – BEHIND THE STAGE – for $600+
chifi.
Name one industry that doesn’t have crooks in it.
Best car to buy is one that is so reliable you rarely have to bring it to a mechanic.
Look for a reliable spouse as well, the new slogan this year is “Don’t let your spouse get in the way of finding your soulmate.”
6:17 somewhat disheartening.
6:27
It’s called capitalism. Americans like it.
Most on this forum could afford it, but balk at having to pay.
Some are on the govt teet as well. So you have that.
You either embrace capitalism, or denounce it. Having it your way when it benefits you and denouncing it when it doesn’t is just hypocritical.
Name one industry that doesn’t have crooks in it.
The mechanic industry is very bad in this regard. It’s cliche at this point. My SIL refused to ever go to a mechanic we recommended. She found her own. On her two year old car, they “find a major oil leak”. Need to replace the whole pan. I told her I didn’t see any leak in her driveway but they sent pictures and I looked at them. I said, “I guess so then”. 2 years later, the same guy tries to pull the same scam on her probably because he does it so much and doesn’t realize who he scammed. So I get under the car and look and the tank clearly doesn’t match the pictures. It wasn’t even the same car. I told her to take him to small claims court for the previous one but she didn’t want to.
Phoenix: Even if the spouse buys their clothes at Costco??
No One,
I’m currently binge watching Yellowstone, in season 3 now. Yup, very good series.
Phoenix: Even if the spouse buys their clothes at Costco??
Doesn’t matter. Just make sure your spouse your soulmate. Or kick them to the curb as many times as it takes till you find them.
We at Dewey, Cheatham, and Howe will help you as many times necessary, as long as your bank account allows.
OBD 2 cars self inspect, they have to go through a drive cycle to set monitors. Some OBD readers will tell you when monitors are set- each car has a different drive cycle. Temp, fuel level, driving speed parameters must be met for each monitor- some cars reset quick, some take days.
The key here is to never maintain a consistent throttle position and/or engine load for any extended duration of time. Emissions self-checks only run under long stretches of consistent load within a narrow set of ranges (think cruising on a flat highway at a consistent set of speed).
These checks do not need to run to pass inspection.
However, you can’t have a bunch of (nulls) in the data, or you’ll fail because data is missing. They key is, drive enough to fill in all the parameters, but not in a way that triggers the emissions checks. Takes about 2 hours, maybe 50 miles or so.
Had to do this with my old Subarus, which all had the pre-turbo catalytic converters removed. There were pre and post-turbo cats and o2 sensors. The pre-turbo o2 sensor would throw a code, even though the car would run in spec from an emissions perspective. Today, car geeks have hacked computers to the point at which they can simply reprogram to remove the checks, or set the parameters within such narrow and impossible ranges, they just never run. For others, you can just disable the offending emissions code, and it never gets logged, even if the check runs and fails. OBD tests for inspection are useless for any semi-modern Japanese car, they are all easily hacked. For example, I used Romraider: https://romraider.com
Pre-turbo cats are a stupid idea, since they can fail and throw off chips of catalyst or honeycomb, destroying the downstream turbo as a result. Good example of idiotic emissions regulations that end up doing more harm than good.
“Do reset before inspection…OBD 2 cars self inspect, they have to go through a drive cycle to set monitors…each car has a different drive cycle…Temp, fuel level, driving speed parameters must be met for each monitor….”
Seriously impressed you have extensive knowledge of not just the innards of people but cars too…
“You go there without them set, you fail.”
We’re dirty Jersey. How in the world do you fail an inspection? Everyone has a guy who slaps a sticker on without even turning over the engine…
Each car is different. Some have exceptions. Here is an example of one Subaru that gets a pass. No size fits all.
Don’t have a “guy?” Don’t want to pay? Just want to go to regular inspection center and not waste your time? Check monitor readiness status. Some require multiple cold soaks, Honda was one of them. Took me 2 days to get the monitors set.
You can look up parameters of your car. But as I said, no size fits all. Some monitors may not even be required- but who knows what the cretins down in the inspection station are going to nail you for. Bottom line is just have a car that passes-even if it clears right before you get there-and fails one hour later-I had one do that- still got the two year sticker.
And most people aren’t hacking into their computer in order to defeat a pollution system-that’s a fact. Could also be considered a Federal crime even though I don’t think no one will be prosecuted for it.
And if buying a car, I would make sure all readiness monitors were good or I would suspect someone either just reset it or tampered with the ECU, that affects the price.
A car that doesn’t pass inspection is a parts car as far as I am concerned.
One example, from NJ State website:
1996 Subaru All All monitors set to not ready at each key off. No change necessary; included on the readiness exclusion list. TSB#11-49-97R.
Last sentence- but still, depends on the vehicle. Some are easy, some are a pain.
How Many Monitors Have to be Ready?
The US Environmental Protection Agency (EPA) guidelines allow up to two monitors to be in a “not ready” state for model year 1996 through 2000 vehicles and one monitor “not ready” for 2001 or newer model year vehicles.
What Causes a “Not-Ready” Report?
Causes of a “not ready” report:
Recent vehicle repairs in which diagnostic trouble codes have been cleared with a OBDII scan tool; or,
if the battery had been recently disconnected or replaced; or,
if the vehicle’s computer requires a software update; or,
a pending problem has not yet illuminated the “check engine” light.
What Do I Do Now?
To allow your vehicle’s monitors to perform their tests and reset them to a “ready” state, your vehicle will have to be driven in a special way called a “drive cycle.” Running through the drive cycle sets the readiness monitors so they can detect any emissions failures. Your vehicle’s specific drive cycle can depend on the vehicle make and model, and which monitor needs to be reset. In most cases, two drive cycles are required, separated by a cool down period.
Would have been better off knowing finance.
With cash you can pay someone to fix your car, your house, or buy either that don’t have any major problems to speak of.
With Bill Gates type money you can get married and divorced a thousand times losing half your money each time and still live a good life.
My line of work-I can’t go a day without adding a story to it. If we ever meet I will share some good ones.
“Seriously impressed you have extensive knowledge of not just the innards of people but cars too…”
Walmart has their tentacles in everything it seems.
https://en.wikipedia.org/wiki/PhonePe
https://www.livemint.com/companies/news/for-phonepe-shift-to-india-walmart-gets-1-billion-tax-bill-11672828309633.html
Word
Jess Coleman
@jesskcoleman
If the Squad blocked Pelosi from being elected speaker on five consecutive ballots, the New York Times would have a front page “news analysis” piece asking whether the Democratic Party can continue to exist in the Untied States.
on a lighter note.
Annie Lennox @AnnieLennox
It’s almost impossible to believe that ‘Sweet Dreams are Made of This’ was released forty years ago! It has continued to travel the world and the seven seas ever since, which is a wonderful and miraculous story all to itself!
https://twitter.com/AnnieLennox/status/1610720716843847680
$AMZN CEO Andy Jassy – In what he called a “difficult decision to eliminate additional roles”, the e-commerce giant is planning to cut 18,000 jobs, primarily across “Amazon Stores and PXT organizations.”
The New York Times?
Fabius Maximus says:
January 4, 2023 at 10:18 pm
Word
Jess Coleman
@jesskcoleman
If the Squad blocked Pelosi from being elected speaker on five consecutive ballots, the New York Times would have a front page “news analysis” piece asking whether the Democratic Party can continue to exist in the Untied States.
I have an old Mazda 3 with 156k miles on it, and often think about spending $50k-65k on a new car to own for the next 10-15 years.. is it necessary? Not at all, but neither is a lot of things. Look up those new Toyota Sequoias. Will last 20 years but they are damn expensive.
What’s your point Joyce?
Mike,
I hear you. I have a foot in both camps. I need to pick up a Toyota Land Cruiser in the near term. They have stopped making them and and prices I hope will drop in the next year. I hope the Glut of GWagons that are about to be offloaded help with that.
With your Mazda three, you need to look at what features you would get in a new car and if it is worth it. For the new cars that little orange light that tells me some numb nuts is sitting in my blind spot is a big one for me. I have kids just starting driving. So those features on a “Kid Car” are going to be important.
Interesting Question
Sandi Bachom@sandibachom
·
17m
Somebody needs to look into the fact an Explore Talent crisis actress has single handedly shut down the US government and holding democracy hostage. Who installed her?
https://twitter.com/sandibachom/status/1610859546821509122
6:57 spoiler it jumps the shark. Big time.
Fabs, what on Earth do you follow on Twitter?
I couldn’t go on….is the thrust that a talent agency is secretly backing House candidates to some end? You know I was kidding in my NYE writeup that Hannity was actually the one running pizza porn, right?
Also, the breathless ‘destroying democracy’ response to everything is getting tiresome from the left…boy and crying wolf kind of thing.
Behind stage at MSG 2XX low level is actually not a bad seat. A bit more intimate in that you see the backstage stuff as well.
I’m looking to see Muse in March, and I think I’ll grab a Skybridge tix.