Who needs to buy?

From NJ1015:

Here’s where millionaires choose to rent in New Jersey

There are over 100 millionaires that rent in one city in New Jersey. If you’ve been paying any attention at all to real estate and building trends in this state, it’s not hard to guess that it’s Jersey City.

With a mass exodus out of NYC by many people following the pandemic and then fears of crime on the rise in the Big Apple, Jersey City looks pretty good.

Trendy restaurants and dazzling new apartment buildings along with lavishly renovated older buildings, make it very attractive if you can afford it.

Along with the close proximity to all the action of New York, you’ve got access to major transportation hubs and an up-and-coming exciting vibe in New Jersey’s second-largest city.

More than a hundred millionaires who choose to rent over homeownership currently live in Jersey City. The city is also the fifth hotspot for well-off renters in the country.

The largest group of millionaire renters are Millennials, followed by Gen X. Most wealthy renters work in management or industries like financial services, legislation, software development, and sales. The average home of a millionaire renter has 3 bedrooms. In Jersey City, it’s 4 bedrooms.

The high-income bracket of people earning more than $150K a year has also seen significant growth, with Jersey City having an increase of 75% in this income category after only five years. Most of our millionaires in New Jersey do own their own homes and are spread throughout the state in suburbs in sprawling mansions.

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

96 Responses to Who needs to buy?

  1. dentss dunnigan says:

    first

  2. dentss dunnigan says:

    2 22222222

  3. dentss dunnigan says:

    3. 33333333

  4. Very Stable Genius says:

    “ A month after he declared his intention to run for Congress in 2020, George Santos asked an old lawyer friend to do him a favor. Police in Pennsylvania were seeking him on a theft charge, but it was all a mistake. Could she help clear things up?

    She agreed, recalling later that the charge was eventually dismissed and then expunged.

    But the circumstances of the case — centering on bad checks and puppies — hew closely to other dubious episodes in Mr. Santos’s history that have surfaced in the months after his election to the House in November. And Mr. Santos’s friend now questions whether she unknowingly enabled him to get away with a crime.

    “I should have never got involved,” said the friend, Tiffany Bogosian. “He should have went to jail. And I wish nothing but bad things for him.”

    The charge concerned nine checks totaling $15,125 from Mr. Santos’s account, according to an email that Ms. Bogosian sent to the Pennsylvania authorities. On the memo lines of six checks, the purpose was listed as “puppy” or “puppies.” At the time, Mr. Santos was running a group called Friends of Pets United, which he has described as an animal rescue charity.”

  5. Fast Eddie says:

    No longer is there a notable disconnect between Jersey City and NYC. Manhattan was our playground, two minutes away. The skyline was my bedroom window as was my high school view. We watched the construction of the twin towers. Each week, we could see how it got higher and higher. The Jersey City I knew and the version today is a tale of two cities. We wondered when it was going to be discovered and then, Henderson Street went from old rail yards and ghost factories to an explosion of building. Colgate moved out, the yuppies moved in. Brownstones downtown went from 15K apiece to seven digits in a flash! We knew… why didn’t we act? Why didn’t we purchase real estate then? Even up the hill on Ogden Avenue, as little as a decade ago would’ve been a buy! Palisades Avenue, too. The “Junction” is also a hot spot… went from sheer crime to rediscovery. Newport was just a train stop, same with Grove Street. Central Avenue is also doing a 180. You should have seen the shops back then! A lot of memories growing up in JC. Look at it now!

  6. grim says:

    Cannabis consumption lounges legal in NJ now? Should have gotten in on that.

    https://www.nj.com/business/2023/02/wu-tang-clan-rapper-to-open-cannabis-lounge-in-nj.html

  7. grim says:

    Speaking of countercyclical recession plays – no slowdown in alcohol consumption this year, BTW.

    Dry January was our best January yet. Not sure other restaurants and bars are in the same position, but we’re now well over pre-covid sales rates. This was not the case last January – we’re running 75% year over year growth YTD, not too shabby.

  8. Juice Box says:

    NYC is in a “doom loop” per the NY Times and a housing professor at Columbia.

    Solution is to turn the vacant office space into low rent housing….

    “As workers Zoom from their bedrooms instead of city offices, commercial real estate values decline. Revenue from property taxes sinks, city services get slashed. More and more people move away, and tax revenues taper again. The scenario is known as the “urban doom loop,” and data suggests NYC could already be in such a cycle, The New York Times reports. But Stijn Van Nieuwerburgh, the real estate professor who brought the term into prominence, believes sound policy could still save the city — namely if corporate buildings are converted into affordable housing.”

    “Already the numbers support a doom cycle. On an average weekday, nearly half of New York City’s workers stay away from the office; on Mondays and Fridays, the share is even higher. Subway and bus ridership are down by one-third from prepandemic levels. Major crimes rose more than 20 percent last year, and more than 300,000 people left the city in the first year of the pandemic, taking a total income of more than $21 billion. If office values decrease in proportion with usage, city revenue from property taxes will drop by $5 billion a year, Dr. Van Nieuwerburgh said.

    “So this is a train wreck in slow motion,” he said. “The second shoe has yet to drop.”

    But he was quick to say that the downward cycle need not lead to Armageddon on the Hudson.

    “What happens to New York City from here on out depends on the actions we take and the policy decisions that are made,” he said. “It’s not inevitable. There’s various degrees to how bad this can get. There’s a scenario in my mind where it’s not as bad as feared, if we make all the right policy decisions. There’s lots of other scenarios where we don’t.”

    ““In a best-case scenario, we remove 30 or 40 percent of the office stock in New York City, turn it into wonderful housing.”

  9. Juice Box says:

    Dry January has turned into dry February for me.

  10. Juice Box says:

    Cannabis Regulatory Commission proposed rules to allow the current retail dispensaries (21 so far, and 110 + more to come) to add a consumption area, indoor or out. No food or alcohol allowed.

    Some towns will have a problem with this, a bunch of stoners hanging out all night and stinking up the entire neighborhood. The pot store by me in Eatontown Ayr Dispensary has a line out the door day and night and is also next to apartments and other housing not far away.

  11. grim says:

    Lol, just scrolling through MarketWatch and come across:

    Time to get a bigger liquor cabinet? Americans are now spending more on booze than beer.

    When it comes to Americans’ drinking preferences, booze has now eclipsed beer — at least in the sales department.

    That’s the finding of a new economic study from the Distilled Spirits Council of the United States (DISCUS), a leading trade group for the liquor industry. The study noted that spirits accounted for a 42.1% share of the beverage alcohol market in 2022, based on supplier revenue, while beer had a 41.9% share. Wine came in third, with a 16% share.

  12. grim says:

    I really wish they’d drop this drug dealer dressed as pharmacist schtick, and just allow companies to build brands with a bit of creativity in the space, instead of masquerading like some kind of chic urgent care medical office.

  13. Juice Box says:

    BTW that dispensary is right next to Netflix’s new studio location. That little downtown area in Eatontown has been run down for decades. They are in need of a Starbucks, Chipotle and a Jersey Mike’s.

  14. grim says:

    Prefab strip mall with those 3, just drop it right down on a pad.

    Though it would be cooler if it was a Starbucks, Chick-fil-a, and Shake Shack.

  15. Juice Box says:

    A mile away there is a Shake Shack and Chick-fil-a at the nearby Monmouth Mall. Kushner wants to knock down about 1/2 of it and add in a thousand housing units and call it. “Monmouth Village”. That is where the Netflix folks can all live and play. All they need now is a monorail to get to work.

  16. Bystander says:

    Not that I would know but you would think the trip to dispensary would look Great adventure parking lot filled with young excited hopefuls, eager to get inside. Reality is just as likely to find crazy Uncle Jim in Vietnam jacket or Grandma. Quite surprising..

  17. Bystander says:

    I was growing up in Morris County 1980s, one kid (who ended up being my best friend) moved from JC at 5 years old. It was GTFO mode. Mother got re-married and his step-father worked for Conrail. He would take me back to JC when they went to visit his grandma. Man, what a different world. Funny but when you put JC into google news, you still don’t get the “great wealth” of the city. Still lots of violence but being pushed further away up I imagine. I have not been in a decade.

  18. Libturd says:

    I lived in JC for nearly 5 years. I don’t recognize all of Downtown. I mean, so much so, I need Waze to figure out where the heck I’m going.

    They turned the last few blocks of Newark Street into pedestrian only. It’s pretty cool and feels much safer. When I lived there, cars would park on the sidewalk and double park in the street.

  19. leftwing says:

    “I should have never got involved,” said the friend, Tiffany Bogosian. “He should have went to jail. And I wish nothing but bad things for him.”

    Sounds like Tiff pulled some strings and these investigations are going to reveal something untoward for her and her license….

    Couple rules in life….don’t burn vengeful women, never burn a woman named ‘Tiffany’, and never ever burn your personal lawyer….

  20. Juice Box says:

    The Amazon of China Jingdong aka jd.com has announced it’s chat bot too called ChatJD. Too bad they did not call it Dong Chat…

    “It will be a chatbot product focused on the fields of retail and finance.”

    “JD said ChatJD will be able to add value to things like generating product summaries on shopping websites or helping with financial analysis.”

  21. leftwing says:

    chi, I have big boy pants so I’m resigned but JFC….so indices down pre-market, my SPOT which I’m short north of 124 is really looking to print as it closed yesterday at 120.83 and pre-market she’s in the low 119s looking at breaking into the 118s and….

    at 9:23a the company announces some CA ass clown investment firm ‘made an investment’ in their shares and the premarket rockets to 125 and she’s at 126…the swing in the position….

    What the serious fuck? I get their Luxembourg based but an announcement of someone buying in the secondary market with no SEC filing? By either party? And Reuters reaches out to the investment firm and no comment? An eight point (7%) swing in minutes? Can’t fucking do that, c’mon….

    What the hell, we in the Wild West?

  22. Phoenix says:

    No matter how ccccccrazy they are, a judge will always give them to mommy:

    Thaler was fighting for custody of Eli with Hart when the boy was killed, according to court records obtained by PEOPLE.

    She lost custody of Eli in Jan. 2021 after the Dakota County Social Services Department learned that she was “presenting with psychosis and hearing voices telling her to kill herself,” court documents show, the Star Tribune reported.

    According to a GoFundMe campaign organized to help cover Eli’s funeral costs, the boy spent 11 months living with extended family members. But in December 2021, a judge allowed Eli to return to his mother’s care for a home trial.

    “Due to many red flags Eli’s mother was showing, Tory tried extremely hard to get custody of Eli,” the fundraiser description said. “Numerous parties made many statements to CPS, fearing that mom would harm Eli if full custody were returned. Sadly, full custody was returned on May 10, 2022.”

  23. Phoenix says:

    “What the hell, we in the Wild West?”

    Yes we are.

    And have been for a long time. And it’s accelerating quickly.

    I’m one of the canaries that work in the coal mines.

  24. Phoenix says:

    Poor kid. Never got out of the starting gate:

    Julissa Thaler, 28, of Spring Park, was on trial for shooting her son, kindergartner Eli Hart, nine times with a shotgun inside her sedan, say prosecutors.

    During his testimony on Friday, Hart said his son was popular at his elementary school and dreamed of becoming a firefighter.

    “He was always really happy, outgoing, always full of energy, always,” Hart testified, Fox 9 reports.

  25. Libturd says:

    Phoenix,

    I hate hearing stories like this.

  26. Old realtor says:

    Pot industry is in for huge changes. Missing out on the initial rush to get licensed may have been the best path. Med Men, one of the larger multi state operations is on the verge of bankruptcy. Growers pulling out of the California market saying they are unable to compete with the black market. Weed prices in mature legal markets are dropping fast. Interesting to see where it all lands. New York’s social justice experiment is doomed to failure. They are selling the lowest quality flower available for the highest prices. Can’t compete with surrounding states or the black market.

  27. 3b says:

    A 22 year old man was shot and killed outside a Shakeshack at 5:30 PM yesterday in Times Square.

  28. 3b says:

    Consumer sentiment jumps to an 11 month high. Fed won’t like that.

  29. Phoenix says:

    Phoenix,

    “I hate hearing stories like this.”

    You wouldn’t hear as many if the reason for becoming a judge is that you were a lousy lazy attorney.

    I really believe that judges are individuals that cannot make it in the private sector, or just want a 7-3, a pension, and want to do the minimal amount of work.

    Then you have this, the pathologic money grubbing types- I went to a seminar where I watched the way a kid was attacked at school on social media (a scenario type movie)
    You knew it would work perfectly if executed just as it was in the film.
    Not surprised this happened at all. You will have bullying, but social media is an amplifier-years ago-a name was scrawled in the bathroom stall, and it was painted over by the janitor. Now-they text it to all of their friends in real time-or the whole school on a group chat. Your kid is destroyed in less than ten seconds with a meme.

    It was like she was attacked twice’: New Jersey teen, 14, killed herself in her bedroom when bullies sent her taunting texts after beating her at school and posting video all over social media.

    Adriana, 14, took her own life in her bedroom at her family home in Berkeley Township, New Jersey, on February 3. Hours beforehand, she had received a taunting text message from one of the girls who filmed the attack, making fun of her for ‘dripping’ blood on the floor, and being ‘whooped’. Michael Kuch, her father, says the beating was instigated by one of the girls, who was jealous about Adriana’s friendship with another girl. ‘She was so embarrassed that they jumped her. She would say, “I don’t want to be made fun of. It was like she was attacked twice. ‘It used to be you’d go to school, get bullied and then you left.

    Don’t expect our court systems to hold media corporations accountable. I expect to see more suicide and homicide attempts thanks to social media.

  30. Phoenix says:

    More pot, more booze, more social media, more balloons, more paranoia.

    Saddle up boys, time to hit the range.

  31. Phoenix says:

    Where were all of the “teachers” when this kid was being attacked? Schools with more cameras than the MCC hey, they couldn’t spare a single one for good ol’ Jeffrey Epstein.

    Teacher came out, went back in her room? Guess it wasn’t part of her union contract to help someone in need.

    Saw the same thing in Uvalde.

  32. Fast Eddie says:

    Libturd,

    I believe you mean Newark Avenue. ;) Up the hill is Dickenson HS which looks like a penitentiary. It fits as must of the students acted like inmates. Lol. I was a prep school kid but was just as comfortable with the derelicts. Lol. So many stories to tell. I remember when Pecoraro’s was the original… downtown was still a lot of Italians, Greenville was mostly Irish, Jackson Avenue/Bergen Avenue was the ghetto as was the Lafayette section. So much changed that the dirt is still there but the players are new. Ocean Eddy on Ocean Avenue… the boat squatters on Green Street; $5 per year and run by Polish guys. The only way to park your boat there was to know somebody.

  33. Ex says:

    10:49 hallway beating “30 second” duration.

    wHeRe wE’Re aLl tHe tEaCheRs. ??

    .

  34. Boomer Remover says:

    From the methodology section of Grim’s cover article:

    “We consider “millionaire renters” individuals from households that have a total household annual income greater than $1,000,000 and rent an apartment or a house. ”

    From the profile section they typify as 41yo manager 3 bedrooms, that doesn’t scream 1MM annual. Did they mean 100K?

    If so, then that overlaps their next category of high income renters.

    Also, which households do not make 200K plus?

  35. SmallGovConservative says:

    3b says:
    February 10, 2023 at 9:58 am
    “A 22 year old man was shot and killed outside a Shakeshack at 5:30 PM yesterday in Times Square.”

    Welcome back to NYC circa 1977 — Dem-led then, Dem-led now. Or as Mick would say…

    Don’t you know the crime rate’s going up, up, up, up, up? (Shadoobie, shattered)
    To live in this town you must be tough, tough, tough, tough, tough, tough, tough
    We’ve got rats on the west side, bed bugs uptown (Shadoobie, shattered)
    What a mess, this town’s in tatters, I’ve been shattered

  36. Libturd says:

    SGC,

    I kind of liked the grimy city. Things were cheaper there. Way cheaper. Like, you could get a twin pack of Maxell XLIIs for $5 down on Canal Street. They were $6 each at Radio Shack. For $5 you could get a full Chinese meal, with donut bread down on Mott. Haircuts were $3. Lot’s of Tad’s Steaks and Gray’s Papaya and $1 and $2 falafel and gyros. And weed vendors everywhere. And those flea markets down in the village had the greatest stuff for so little. Though the crime was higher, there were way, way, way less guns. Most of the crime was mob, or mentally ill-related. Kind of easy to steer clear of. I do miss those days of graffiti-clad subway cars inside and out. What did a subway token cost? Fifty cents? And half the people jumped the turn styles anyway.

  37. chicagofinance says:

    jj had a different implied meaning for the term “dry”.

    Juice Box says:
    February 10, 2023 at 7:55 am
    Dry January has turned into dry February for me.

  38. Libturd says:

    And abandoned cars up on blocks for stripping along the highways.

  39. chicagofinance says:

    It is all there right down the road at 35/36. With unlimited parking…..

    Juice Box says:
    February 10, 2023 at 8:11 am
    BTW that dispensary is right next to Netflix’s new studio location. That little downtown area in Eatontown has been run down for decades. They are in need of a Starbucks, Chipotle and a Jersey Mike’s.

    grim says:
    February 10, 2023 at 8:15 am
    Prefab strip mall with those 3, just drop it right down on a pad.

    Though it would be cooler if it was a Starbucks, Chick-fil-a, and Shake Shack.

  40. chicagofinance says:

    I remember the plexiglass coffee carts. Super hot really good black coffee and bagel & butter for $2.

    Libturd says:
    February 10, 2023 at 1:17 pm
    SGC,I kind of liked the grimy city. Things were cheaper there. Way cheaper. Like, you could get a twin pack of Maxell XLIIs for $5 down on Canal Street. They were $6 each at Radio Shack. For $5 you could get a full Chinese meal, with donut bread down on Mott. Haircuts were $3. Lot’s of Tad’s Steaks and Gray’s Papaya and $1 and $2 falafel and gyros. And weed vendors everywhere. And those flea markets down in the village had the greatest stuff for so little. Though the crime was higher, there were way, way, way less guns. Most of the crime was mob, or mentally ill-related. Kind of easy to steer clear of. I do miss those days of graffiti-clad subway cars inside and out. What did a subway token cost? Fifty cents? And half the people jumped the turn styles anyway.

  41. Fast Eddie says:

    NYC in the 70s: Don’t forget the Jimmy Breslin columns, graffiti-marred subway cars, massive public layoffs and landlords lighting up the tenements.

  42. Libturd says:

    Roll and butter too. $1.50 got you a roll and butter and a small coffee. They all used the same Greek “we are happy to serve you,” blue coffee cups too.

    Your other street cart options back then were hot dogs with kraut or onion. Pretzels, roasted nuts and at winter time, roasted chestnuts (which had the greatest aroma). That was pretty much it. In the diamond district and bowery, the hot dog guys had the best square knishes. They would knife a whole in the center and squirt a shitload of hot mustard right into it for ya. That and a dog with kraut and you were in food heaven for $3. Now it’s almost all fusion crap.

  43. Libturd says:

    I was too young for Breslin, but I do remember the sports betting lines in the News which was funny as the only legal place to sports bet was in Vegas. Though there were bookies everywhere. My dad would get his weekly pick form from the dude who sold the paper when you used to have to wait to pay your $5 toll to cross the Verrazano Bridge. He used to take your bets on the way back to Staten Island or the following morning on the way in. There used to be a toll in both directions. Remember the Welcome to Brooklyn Sign on the bridge ramp down to the Belt that was made famous on Welcome Back, Kotta? That area was pretty sketchy back in the day.

  44. Phoenix says:

    They all used the same Greek “we are happy to serve you,” blue coffee cups too.

    Now that jogged my memory. Those cups.

    Canal Street. Anyone remember “Uncle Steve’s” electronics store?

    Uncle Steve he loves you “I love you.”

  45. Libturd says:

    Uncle Steve’s had the coolest shit, but it was mostly cheap Chinese crap. Always checked them out regularly back in the day.

    The city was so cool back then. Whatever you needed, there was an area in the city where you could get it cheaper than at home. Whether it be film, jewelry, seafood, steak, Tupperware, even buttons. There was some area where it was concentrated and cheap.

  46. chicagofinance says:

    Lighting…… Bowery

    Libturd says:
    February 10, 2023 at 2:07 pm
    The city was so cool back then. Whatever you needed, there was an area in the city where you could get it cheaper than at home. Whether it be film, jewelry, seafood, steak, Tupperware, even buttons. There was some area where it was concentrated and cheap.

  47. chicagofinance says:

    Actually used commercial kitchen equipment there too

  48. leftwing says:

    LOL, those are great NYC memories…before 42nd Street was Disney land…..I remember being there new, mid-80s, going from Park Ave to PA late night on way home to JC ironically enough…felt 42st was too sketchy so decided to take 41 or 43…much worse, lol….cops pushed the real shit off 42nd which was at least well traveled and lit into the empty shadows of those two side streets…first and last time I did that. Also, when Alphabet City after hours was seriously sketchy and not populated by William & Mary Sigma Chi grads….

  49. Ex says:

    1:34 How does someone grow up so close to the epicenter of modern civilization and still remain so stupid…?

    Answer: New Jersey

  50. leftwing says:

    “Don’t expect our court systems to hold media corporations accountable. I expect to see more suicide and homicide attempts thanks to social media.”

    Why should the media companies be held liable? It’s not their fault there are sociopaths allowed to run wild in our society.

    Treat these ‘kid’ perpetrators as adult capital murder cases….try them and fry them. Won’t even debate whether there is a deterrent effect or not, who cares, just keeping it simple…three less scourges on society around for few dollars worth of power.

  51. Phoenix says:

    When your cleaning product introduces more nasty germs than the ones you already had in your house. One would think a corporation would test the product before sending it out the door.

    America used to be like Zenith-“The quality goes in before the name goes on.”

    Now it’s “We will slap our name on germ filled cleaners, ship it, and hope no one catches us”

  52. Phoenix says:

    Why should the media companies be held liable? It’s not their fault there are sociopaths allowed to run wild in our society.

    Why prosecute drug dealers? It’s not their fault there are addicts allowed to run wild in our society.

    “Treat these ‘kid’ perpetrators as adult capital murder cases” Yeah sure. You better than anyone should know that there is no “justice” in a court system in America.

    You would be better off putting a pillory out in the hall of the school as opposed to court involvement.

  53. leftwing says:

    So, chi, closed my HOOD short. Little less than 5% pickup, not happy….ridiculous this thing didn’t crater given the results. Even more ridiculous that part of the reason it popped and hung in is that it was ‘committing’ to buy back about 5% of its outstanding sitting at FTX…which they have no ability to do (up to Bankruptcy Court) and makes zero sense except to WSB yolo’ers vacuuming the shares…don’t want to fight stupid.

    Leveled my SPOT shorts…as usual I had options written around it, basically a collar (long calls, short puts) so those buffered the loss on the share price rise, cashed those in, re-opened some more shorts at that time above current spot price…long story short I’m flitting back and forth around green/red today on that position, my basis is better (higher), but my position is larger. I did also write some more puts, March again, ten points lower than basis and I’m ultimately backstopped by a low cost ratio spread in April (110/90s) that allows me to go a little heavier into the put writes (or, ideally, lower strike) if I want as this unfolds….

    Lotta fucking sideways motion for little gains, it is what it is. These two trades should have printed, one was printing before this meaningless fund bullshit seven minutes before open today and the other is just CW’ers that the sooner they inevitably blow themselves up the better…Until then, think I’ll forego the gym and grab an IPA soon…deserve one.

    After all that still hanging in my ATH range even with the GOOG downdraft…the low cost, high payout spread helped there as does my remaining XRT that is still printing…best thing I did was box that META and SPY…daily moves are pretty small, if I had to deal with what otherwise would have been large swings there on top of this pointless bullshit above I would be on my way to full tilt….

  54. 3b says:

    Fast: And the boom boxes for your entertainment on the trip home( when I lived in the city). Some of them took two people to carry, and the break dancers too!

  55. 3b says:

    Left: I remember when you could not walk through Bryant Park at 2:00 in the afternoon.

  56. Libturd says:

    Left,

    Prof G was really amazing today.

  57. Libturd says:

    3b,

    “I remember when you could not walk through Bryant Park at 2:00 in the afternoon.”

    Me too. But there was no place scarier than the underground transfer/walk from the Port Authority to the 7 terminus in Times Square. I’ve been in some rough neighborhoods (those projects in Alphabet City included), but that transfer, especially on a cold night, was scarier than the Brigantine Castle back when they were allowed to touch you. To make things worse, street artists used to paint scary quotes on the ceiling joists that you could only read as you passed directly under them. Any of you guys remember that? I will google it to see if there are any pictures. The quotes were like, “Somehow, you made it this far.” JJ would’ve loved this convo.

  58. leftwing says:

    Really good one. Some memorable quotes in there. I wonder who the carnival barker is, Chamath?

    Glad he’s back on track, his Population one last week or so ago turned me off…

    For others on here…

    https://www.profgalloway.com/disinflation/

  59. leftwing says:

    “Many academics and institutions call for an inflation target of 3% to 4%. But central bankers in the U.S. and Europe (i.e. the Federal Reserve) target 2%. In actual business, a 100% disparity between metric targets would be cause for concern, but in economics it’s cause for tenure.”

    LOL.

  60. Libturd says:

    “The free transfer between the IRT and BMT was added in 1948. The free passageway, which runs west one block to the 42nd Street–Port Authority Bus Terminal on the IND Eighth Avenue Line, was added a while later. Since 1991, the ceiling of the passageway has featured a series of Burma Shave-style signs that form a poem called the “Commuter’s Lament” by Norman B. Colp. The poem goes: “Overslept/So tired/If late/Get fired./Why bother?/Why the pain?/Just go home/Do it again./” with the last panel being a picture of a bed. The panels were part of an art project that was supposed to last only one year, but was never removed.”

    Cool. S0 it was an art project.

  61. Libturd says:

    Left,

    I loved his mention of CW.

  62. Libturd says:

    And he mentions market psychology, as being more powerful than economics, but didn’t realize this until his 40s. Same with me. It’s not that frequent, but at times like these, animal spirits rule the day and should not be ignored. See sentiment?

  63. Libturd says:

    tinyurl.com/2jkbj6nw

    Overslept,
    so tired,
    if late, get fired.
    Why bother?
    Why the pain?
    Just go home,
    do it again(by Norman Colp)

  64. leftwing says:

    “It’s not that frequent, but at times like these, animal spirits rule the day and should not be ignored. See sentiment?”

    Agree. And in my longer post to chi above precisely what I echo…not going to fight the good fight, I’ll take my 5% on that position and call it a day….or our ongoing discussions with 3b, most of us share an opinion on many things in the market that should happen, but all that matters is what will…

    Which is why I’m going to Ass by God, grabbing a double citra, and not opening my laptop all weekend, lol.

    Good evening all!

  65. Fast Eddie says:

    I see that we shot down some foreign object this afternoon 40,000 feet over Alaska. Our enemies are laughing at us. China is poking us and Russia is running roughshod over Ukraine. The U.S.? LOLOLOL!! We’re too busy inventing new gender types and taxing the production class. The enemy can’t believe we elect fools, weaklings and dimwits like the anus currently occupying the White House. What our enemies are really laughing at are the riff raff and nimrods who pulled the lever for the vegetable.

  66. trick says:

    BRT, Know of any HS’s hiring top of the guide Bio teachers? Wife just came home said she had to break up multiple fights today and doesn’t think she can make it the rest of the year, let alone 11 more years. And this is in Morris county,

  67. NJCoast says:

    Lighting…..Bowery
    When I was building my house back in the ‘90’s a contractor working down the street told me to go to the Bowery for light fixtures. He said to go very early as the store owners thought it was bad luck if they didn’t make a sale to the first customer of the day. We were the first one in the door and got a deep discount. I remember driving back to the shore with the back open and my mom hanging on for dear life to the giant chandelier that I hung in the foyer. Good times.

  68. Juice Box says:

    “cylindrical” and “silverish grey,”

    Fing white house, call it a balloon already. It was not a plane or spaceship.

  69. 3b says:

    Lib: I agree that was scary, even for a Bronx boy like me. Port Authority at night too
    was a scary spot.

  70. 3b says:

    More chatter on 6 percent FFR, saw one guy on Bloomberg ( forget his name/company), calling for 8.

  71. Bystander says:

    Remember this David and Roger?

    Money, get away / You get a good job with more pay, and you’re okay / Money, it’s a gas / Grab that cash with both . Money, it’s a crime

    Today, we get this:

    Roger Waters Says He’s Re-Recording ‘The Dark Side of the Moon’ — Without Pink Floyd
    On Monday, Gilmour reposted a tweet by his wife Polly Samson — who wrote several of the band’s tracks — that denounced Waters’ support of Russia.

    “Sadly @rogerwaters you are antisemitic to your rotten core,” wrote Samson on Twitter. “Also a Putin apologist and a lying, thieving, hypocritical, tax-avoiding, lip-synching, misogynistic, sick-with-envy, megalomaniac. Enough of your nonsense.” Gilmour retweeted the post, and in a show of support, wrote, “Every word demonstrably true.”

  72. 3b says:

    AP reports big increase in people tapping their home equity, last quarter of 2022, almost 50 percent higher than 2021. Highest since 2010.

  73. Juice Box says:

    Ed – Russia is not running roughshod, it’s been a trench war for months now. The losses are massive on both sides. One of the reasons we don’t hear much about American and British or western foreign fighters on social media anymore is because well many are dead or injured. Official reports say only 1,000 foreign fighter casualties, the number is most likely much higher. Estimates of losses could be as high as 300,000 military casualties both sides combined.

    We have sent Ukraine over sent over 1 million 155mm artillery shells to bomb bomb bomb them on the front lines. We are ramping up production to perhaps 100,000 shells a month. They are hiring, just head down the Biden expressway to Scranton where they stamp the metal or 1200 miles west to Iowa where they load the shells.

    BTW Russia has a much larger stockpile of shells.. It may takes years and years before they run out. Sure it many be hard for them to get computer chips for their drones or cruise missiles but artillery has not changed all that much and there is plenty of it.

    https://mil.in.ua/en/news/the-usa-will-triple-the-production-of-155-mm-shells/

  74. Ex says:

    4:29 you need to get out more. I’m afraid the carbon monoxide leak in your basement has damaged your cognitive abilities.

  75. The Great Pumpkin says:

    Easiest job in the world joe public says.

    Had a professional development today. Talking with some colleagues. We all agreed, anyone that has lasted here is a pure survivor. Not many people can survive a long career in the ghetto. I have been doing it 18 years. 19 if you count my student teaching at Eastside HS. I go to war every single day and have come out alive for almost 2 decades. Rocky Balboa style against Mission Impossible. Not for the weak or faint of heart.

    trick says:
    February 10, 2023 at 4:30 pm
    BRT, Know of any HS’s hiring top of the guide Bio teachers? Wife just came home said she had to break up multiple fights today and doesn’t think she can make it the rest of the year, let alone 11 more years. And this is in Morris county,

  76. Ex says:

    49 seconds. Oooooh kay boomer

  77. Juice Box says:

    3b – people tapping their home equity.

    Take a vacation on the house? Sound familiar? Banking TV Commercials circa 2005…etc

    Anecdotal we looked at a foreclosure when we were buying. Nice place on the Manasquan River. Super cheap listed at only $475, needed maybe $$$$ to update too. Previous homeowner a doctor was able to get nearly a million in HELOC out before it all crashed list time.

    Why should this time be any different? Same characteristics just perhaps a slower burn as the bag holder is the taxpayer this time for bulk of the housing loans.

  78. Ex says:

    pumpkin seems like the kids vary, but yeah kuddos on the years.

    Seems like most people who leave schools do so because of bad admin!!
    Those folks are a wild card.

  79. The Great Pumpkin says:

    My job is a revolving door of new faces. Almost nobody that I worked with when I started is there now. Figure within the next 5-7 years…i will have no one there that I started with. Last of the Mohicans.

  80. Ex says:

    Person…woman.. man….camera….TV

    Dotard strikes again

  81. SmallGovConservative says:

    Fast Eddie says:
    February 10, 2023 at 4:29 pm
    “I see that we shot down some foreign object this afternoon 40,000 feet over Alaska. Our enemies are laughing at us…”

    Par for the course for SlowJoe — and completely predictable. Same behavior as in Afghanistan after his incompetence got our marines killed. After that disaster, he felt he needed to look tough so without conducting any due diligence he had his military flunkies take out a father and his kids while they were delivering water in their minivan. Now, after the balloon fiasco? He probably downed a kite being flown by some 10 year old kid. What a schmuck!

  82. Ex says:

    5:53 they just want bodies.

  83. The Great Pumpkin says:

    I seriously despise admin. I have been doing this 18 years…don’t tell me how to do my job with your bs strategies that I tried 10 years ago. They were in the classroom 2-3 years, and ran. Now they get to tell me how to do my job? Lol cracks me up.

  84. Ex says:

    5:55 I see the poster child for early termination has arrived.

  85. Phoenix says:

    No he didn’t…

    Yeah, he did.

    Dear taxpayers of this district, if I could, I would provide free foreign object removal as you are going to need it. My condolences.

    https://www.dailymail.co.uk/news/article-11736731/New-Jersey-schools-outrageous-smear-against-Adriana-Kuch.html#comments

  86. Phoenix says:

    I know someone in the field. Confirm this is a true statement one hundred percent:

    We have sent Ukraine over sent over 1 million 155mm artillery shells to bomb bomb bomb them on the front lines. We are ramping up production to perhaps 100,000 shells a month. They are hiring, just head down the Biden expressway to Scranton where they stamp the metal or 1200 miles west to Iowa where they load the shells.

    We are at war with Russia.

  87. Phoenix says:

    Fires starting in the least likely of places now. I see it at work. Now your wife is seeing it as well.

    You can run, but you cannot hide.

    “Wife just came home said she had to break up multiple fights today and doesn’t think she can make it the rest of the year, let alone 11 more years. And this is in Morris county”

  88. Ex says:

    7:46 no, we aren’t. We go war with Russia it’s over for them.

  89. The Great Pumpkin says:

    Agreed. We are no joke. We are the threat.

    Ex says:
    February 10, 2023 at 8:25 pm
    7:46 no, we aren’t. We go war with Russia it’s over for them.

  90. BRT says:

    BRT, Know of any HS’s hiring top of the guide Bio teachers? Wife just came home said she had to break up multiple fights today and doesn’t think she can make it the rest of the year, let alone 11 more years. And this is in Morris county,

    Trick, it’s a shame you didn’t ask last year. We went through 15 bio teachers the past 10 years and were desperate. Woulda been nearby as well. We have one potential opening this year if they fire our latest gen z hire.

    I know, at my last stomping grounds in Basking Ridge, they have been plowing through them as well. But job postings are going to come out soon. I’ll be looking because the commute is now killing me.

    It’s amazing to me. If you work in one district, you break up fights every week. If you work in my district, there hasn’t been a fight in 2 decades. In fact, in my 15 year teaching career, I’ve yet to witness a real fight in high school. We don’t even have kids get mad at each other.

  91. BRT says:

    correct me if I’m wrong, you said she also teaches forensic science on top of bio, correct?

  92. The Great Pumpkin says:

    Brt,

    Our perceptions and experience with teaching are on total opposite spectrums. Where i work, your job has 50 different titles from teacher to parent. It gets exhausting, but keeps you on your feet.

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