From CoreLogic:
US Home Price Insights – March 2023
January 2023 National Home Prices
Home prices nationwide, including distressed sales, increased year over year by 5.5% in January 2023 compared with January 2022. On a month-over-month basis, home prices declined by 0.2% in January 2023 compared with December 2022 (revisions with public records data are standard, and to ensure accuracy, CoreLogic incorporates the newly released public data to provide updated results).
Forecast Prices Nationally
The CoreLogic HPI Forecast indicates that home prices will decrease on a month-over-month basis by 0.1% from January 2023 to February 2023 and increase on a year-over-year basis by 3.1% from January 2023 to January 2024.
Home Prices Decline in Three Western States and Washington, D.C. From January 2022
U.S. home prices continued their gradual free fall in January, with the 5.5% annual gain down for the ninth straight month and the lowest recorded since June 2020. Deceleration was particularly noticeable in the Western U.S. and other states and metro areas that saw substantial appreciation over the past few years. Three Northwestern states (along with Washington, D.C.) posted at least slight annual declines as migration patterns that began during the pandemic shifted, slowing demand and driving price decreases.
First
First
Drat
9.2% increase YOY for Jersey. Nice. My house is a solid seven digit sale now. Don’t insult me with anything less. Can’t afford it? Try looking in Stroudsburg.
So, Silvergate..I directly worked for one of their business “Chiefs” at old IB. A slimy little English worm who surrounded himself with young female staff. Just coincidence that they got promoted,.of course, He got caught f-ing one of them and accused of sexually harassing two others. He had a young son and wife. The work mistress hightailed it back to Europe. Arrogant, annoying bottle blonde dingbat who slept way up ladder. Bye bye Silvergate. Choose better people.
Crypto goes unbanked then. Again if there isn’t a US bank playing by the rules willing to do business with the exchanges they may have to find a bank that doesn’t.
I believe JP Morgan is backing Coinbase US customers deposits, withdrawals and ACH etc. It will be interesting to see with all the pressure now from Washington if any US banks stay in the crypto game.
No bank makes it like marijuana or offshore gambling. Very hard to get money out..
For your viewing pleasure chi….I forgot this page existed.
AL = at large, AQ = automatic qualifier (conference champion)
https://www.collegehockeynews.com/ratings/probabilityMatrix.php
Also, I am convinced dentss is either grim in drag or has written a neat little algo alerting him to a new topic.
If not, you are truly rain man and I must meet you.
The latter I think.
There used to be a RSS feed you could subscribe to for notifications – probably still hiding out there somewhere.
They are breaking out the champagne at the Fed today. Jobless claims ticked up a little. It working I tell ya we get a few more million on the unemployment lines and inflation will stop!
RSS is still there.
Add to the feeder plugin for chrome and set alerts.
https://njrereport.com/index.php/feed
https://njrereport.com/index.php/comments/feed
On the Super bowl alone, 51 million American’s wagered 16 billion. That’s nearly one in 7 Americans sports betting.
Seems too high given the fact it’s not even legal in every state yet.
There’s got to be a money laundering angle there.
Santelli said UE Claims similar to about a year ago. Continued claims ticked up more but only where we were this time last year.
US INITIAL JOBLESS CLAIMS ACTUAL 211K (FORECAST 195K, PREVIOUS 190K)
US CONTINUED JOBLESS CLAIMS ACTUAL 1.718M (FORECAST 1.66M, PREVIOUS 1.655M)
This chart is always a nice reminder of Covid. The great layoffs of 2020.
https://fred.stlouisfed.org/series/CCSA
Bring Fauci back, we need anther virus to tamp down on inflation.
One very curious event in the recent BLS Jolts data.
Look at the voluntary quits for the Professional and Business Services sector.
https://fred.stlouisfed.org/series/JTS540099QUR
That’s one hell of a decline in January.
No other category saw as steep a decline, and the decline is on par with what we saw at the onset of covid.
First time you are seeing a material pullback in “the great resignation”, since that term was coined.
Seeing a 30% pullback in voluntary quits is significant, if that translates into some of the other sectors that’s a huge benefit to employers. Attrition is running hot, and attrition backfill is expensive. Seeing attrition get a 30% haircut? Wow.
Those are American Gaming Association (AGA) estimates.
They are including money laundering, via Offshore Sportsbooks.
“Last year, the American Gaming Association (AGA) estimated 31.4 million Americans would wager $7.61 billion on the Super Bowl across all sports betting sites, including offshore sportsbooks. In 2023, the AGA reported an expected 50.4 million adults will wager $16 billion on Super Bowl LVII, doubling last year’s record. But what about legal sports betting specifically?
Nevada was the only state with legalized sports betting available for the Super Bowl up until 2019. As more states have come online, the legal sports betting handle for the Super Bowl has increased significantly year over year.
With more states legalizing sports betting this past year, there could easily be between $800 million and $1 billion wagered legally on the Super Bowl in 2023.”
More horse hockey folks. Just so you know there were a few people screaming on twitter about Silvergate for months, they took out a massive line of credit from the feds to meet withdrawals and bailout a few players.
Feds did bail them out. Federal Home Loan Bank of San Francisco lent them around $4 billion. What does a crytpo bank have to do with housing loans?
https://www.americanbanker.com/news/silvergate-bank-loaded-up-on-4-3-billion-in-fhlb-advances
BTW if you did not catch my link to the Google AI story from Bloomberg yesterday. Their artist did a phenomenal job creating artwork for the story of showing how Google is trying to stuff AI into every product now.
You can expect very annoying pop up messages, texted and emails from them in the near future trying to get you to subscribe for $12 a month or more. You too can write smarter emails with the Bard…..Just type Bard find me in search or Bard get me directions to the mall, or hey Bard what is the easiest way to cook a pork shoulder?
It is a stupid fking name. They need to rebrand it now.
https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i1ONx4A7mVIE/v0/-999x-999.gif
Professional and Business Services employment…anecdotal, but I’ve had bookmarked for a long time four or five LinkedIn new job alert categories…way to keep a little pulse on my old sector and one or two adjacent…I’ll normally punch through a couple a day. Six, nine months ago high quality corporate jobs in all geographic areas were getting a handful of applications, maybe a dozen or so, and they were often relisted. Last couple of months? 150-200 applicants to each posting. Much of that may be highly sector specific but still the change was startling.
“Bard what is the easiest way to cook a pork shoulder? It is a stupid fking name. They need to rebrand it now.”
LOL, I can’t look at it without thinking of Pied Piper of Silicon Valley fame. Wouldn’t surprise me if some junior developers picked Bard for an internal project name exactly to be a goof on SV never expecting it to be used commercially.
Welcome to the new America, where nobody dream of working just want to game on the internet or podcast their way to riches.
Snippets from Bloomberg today.
“It’s been only six months since the groundbreaking ceremony, but Intel’s lead contractor is already scrambling to find workers. Catherine Hunt Ryan, president of manufacturing and technology at Bechtel Corp., says the project’s need for electricians and pipe fitters “is significantly outstripping the supply of labor in the local area.” Bechtel expects to import at least 40% of the workers it needs from outside the Columbus area, including other states. An additional 30% will be apprentices working their way through union programs.
Intel isn’t alone. Right now the US doesn’t have enough cooks, assembly line workers, nurses, teachers, truck drivers, police officers, firemen, welders—the list goes on. Unemployment is the lowest it’s been in more than half a century, while the number of job openings is near an all-time high. The upshot: In January there were 5.1 million more positions available than people to fill them, according to researchers at the St. Louis Fed.
The ultratight labor market is often treated as a pandemic-driven aberration. But there’s a strong case to be made that it’s really the product of demographic trends that predated, and accelerated with, Covid-19. Experts say that without meaningful government intervention, America’s worker deficit could become a tax on growth and trigger a new wave of offshoring, like the one the Chips and Science Act of 2022 is trying to reverse.
Add it all up, and the results are striking: From 2017 to 2022 the US working-age population grew by just 1.7 million people, versus 11.9 million in 2000-05.
What was once a preoccupation for a narrow group of demographers and actuaries is now a concern for everyone from small-business owners to policymakers at the Federal Reserve. In a November speech, Fed Chair Jerome Powell cited pandemic deaths, a pickup in retirements and a drop in labor participation as key forces behind a widening worker shortfall. Because of the gap, wage growth has been running well above historical trends, complicating the Fed’s task of bringing inflation to heel, he noted.
To recruit replacements, Dorsey Hager, head of the Central Ohio Building Trades Council, is now a regular visitor to middle schools, where he tries to get preteens to envision lucrative careers as electricians and plumbers. “We’re not only talking to the kids, but we’re also talking to the teachers,” Hager says. “We’re talking to the principals. We’re talking to the guidance counselors. We’re talking to the moms and dads.” Five years ago he could promise them six to nine months of steady work at the end of a four-year apprenticeship, Hager says. Now, “I can honestly tell you that the work outlook is good for the next 22 to 25 years.”
An increasingly contentious rivalry between US and China focused largely on technological innovation is already fueling a global war for talent in such strategic industries as semiconductors. Hager is engaging in the domestic version of that battle for bodies, which experts say will only get more intense in the coming years. A competition between states and municipalities that for decades has been about luring investors and factories has been “shifting in a significant way to availability of talent,” says J.P. Nauseef, president and chief executive officer of JobsOhio, the state’s economic development body.
“It’s a competition that can get snarky. Especially when you’re a state with an aging workforce and a declining population. During the pandemic, JobsOhio launched an ad campaign targeting major US cities, promising a job and an affordable middle-class lifestyle to anyone courageous enough to move. “Work from ‘home,’ not ‘overpriced studio apartment,’ ” read one billboard in New York. “Keep Austin weird. Like very high cost of living weird,” blared another in the Texas capital.
If all goes according to plan, Maddix Curliss will graduate from Central Ohio Technical College with a two-year associate degree in electrical engineering technology this May. The 20-year old isn’t worried about landing a job. “I feel just overwhelmed by how many opportunities” there are, he says, adding that the robotics company where he now interns part time is already trying to recruit him.
Curliss and many of his classmates have their eyes on that Licking County farm field where Intel’s plant is going up. “Not very often does a company like that land in Ohio, especially in what’s basically my backyard,” says Curliss, who grew up in nearby Newark. “Normally, companies like that, they go overseas.”
The promise of $52 billion in subsidies offered in the Chips Act has already led to at least 40 projects and some $200 billion in private-sector investment, according to the semiconductor industry. To staff those plants, Secretary of Commerce Gina Raimondo says the industry will need 100,000 new technicians on top of the 277,000 it already employs. “It’s such a different moment in history compared to the last 20, 40 or 50 years,” says Gabriela Cruz Thompson, the Intel executive who has a $50 million budget to fund training programs at universities and technical colleges in Ohio. “We’ve never had so many companies building so much.”
Incentives created by last year’s Inflation Reduction Act are also motivating investment: New electric vehicle and battery plants are being announced almost weekly. The $1.2 trillion Congress approved for infrastructure in 2021 is also boosting demand for workers. Celebrating a Baltimore tunnel project in late January, Biden hailed the 20,000 jobs it would bring. The next day he was in New York City touting the Hudson Tunnel project and promising 72,000 “good jobs you can raise a family on” for “laborers, electricians, carpenters, cement masons, ironworkers, operating engineers and more.”
Ying and yang. All those individuals that made bank constantly jumping ship are about to get a bitch slap to the face. Now you pay the price…as employers will target those individuals first as opposed to the loyal employees that hung around. I imagine it will be much harder for them to get hired based on their resume of jumping ship on the regular.
grim says:
March 9, 2023 at 8:50 am
No other category saw as steep a decline, and the decline is on par with what we saw at the onset of covid.
First time you are seeing a material pullback in “the great resignation”, since that term was coined.
Seeing a 30% pullback in voluntary quits is significant, if that translates into some of the other sectors that’s a huge benefit to employers. Attrition is running hot, and attrition backfill is expensive. Seeing attrition get a 30% haircut? Wow.
Look at the big brain on Brad.
err, Bard.
Juice: Big shortage of workers in those categories mentioned in the Bloomberg article, higher pay , higher inflation.
Demographics matter… this has to be a major source of future inflation. Not enough young people to fill the cheap no skill entry level jobs that make America go….we killed off immigration with trump. So I wonder who is going to do these jobs in 10 years?
No one wants to work hard anymore either….so you have a bunch of hack losers going into trades. God knows the damage they will do when building with zero skill and work ethic.
Juice Box says:
March 9, 2023 at 9:13 am
Welcome to the new America, where nobody dream of working just want to game on the internet or podcast their way to riches.
It was first called “Google Apprentice”. They feared giving it a real human name. Then they went with project LaMDA and then project Alpha and named it first “Apprentice Bard” Now it is just “Bard” or ‘Bard AI”.
Have to remember Google lost $100B in value after a Bard demo failure last month.
Now the story told by Bloomberg it’s a Star Trek Red Alert at Google even bringing Admirals Page and Brin out of retirement to write code. Lol..
By the way the model they use? Seq2seq platform for encoder decoder for Tensorflow. built using Python. What does that mean? It is really just ML with allot more data, it is what is behind Google Translate today.
Yup.
“Have said many weeks ago I believed Powell saw recession as necessary part of scenario to bring inflation under control but could not say that publicly. I thought he also believed steep correction in equities essential. So far, my thoughts on him unchanged”
3b – Chip Foundry is a big deal to run. There is no talent pool here anymore and probably no job or school training for process engineers, integration engineers, yield engineers and quality engineers as companies moved the chips jobs overseas. Now they want them to come back here. Heck US has now banned US citizens from working there in China for any chip related business.
It will take time to scale up a 100,000 or so workers needed to run the 20 or so chip fabs being built with money feds are spending tax dollars to build.
I see it as a knee jerk reaction, kind of like the solar debacles over the last two decades. We never did get solar manufacturing off the ground with all of the money spent already, very little solar cells or solar panel components are manufactured here.
So Cornell has a better chance at a #6 seed than Yale getting invited to the dance. I scream white privilege.
leftwing says:
March 9, 2023 at 8:31 am
For your viewing pleasure chi….I forgot this page existed.
AL = at large, AQ = automatic qualifier (conference champion)
https://www.collegehockeynews.com/ratings/probabilityMatrix.php
Juice: We shall see. Founder of Home Depot had some negative comments on Biden/ Powell and inflation. “ Biden knows no limits on spending “ Fed too many academics, need business people.
It sounds crazy: so be open minded. Just thought about this.
Index funds passive investing is f’ed. Population growth has changed, therefore, the game has changed. Unless they want to deal with an economy that is too big for the current labor market, they have to take a bat to the head and make it smaller relative to the labor supply.
We always dealt with a fast growing population that justified a larger and larger economy. That era is gone if birth rates keep their declining trend. Boomers lived in the perfect economic era where population growth exploded. Will that kind of population growth return any time soon? If not…low growth environment will become the norm to reflect population growth.
Am I crazy?
Powell has said publicly that he wants unemployment to go up. He is firmly in the camp that demand side is the reason for inflation.
Just look at his testimony from this week. It’s the pandemics fault, not the fed policies. They only have one tool, and that is the FFR they are going to adjust it up and up until the real estate market is completely dead first, a million people will lose there jobs there and another million in the services sectors. All mostly middle and low paying jobs.
https://www.politico.com/news/2023/03/07/powell-fed-employment-congress-00085899
Nobody is being creative down in DC. Mortgages should be decoupled from all other interest rate products tied to the FFR. We already have a nationalized housing bond market under the GSEs. Why not decouple mortgage rates from all other banking rates, government guarantees on the bonds are already implicit.
3B – Biden knows no limits on spending.. ok well Langone should know he has been around the whole time, his voting in the Senate goes back 50 years…nothing new to say.
Again Powell said in his argument with Senator Warren will working people be better off if inflation remains 5%-6%.
As I mentioned they are sticking with 2% target. It is going to get very testy, like a addict not getting their fix and they keep increasing the costs to buy.
Huh? No.
Juice Box says:
March 9, 2023 at 9:52 am
Why not decouple mortgage rates from all other banking rates, government guarantees on the bonds are already implicit.
Sorry – not intending this as be a douche to juice Thursday
Chip situation was disruptive, and potentially a strategic national security issue. Solar panels are for greenwashing douchebags. Chips will get done because it matters.
Juice Box says:
March 9, 2023 at 9:42 am
I see it as a knee jerk reaction, kind of like the solar debacles over the last two decades. We never did get solar manufacturing off the ground with all of the money spent already, very little solar cells or solar panel components are manufactured here
BTW – for the nerds out there…
I expect Google to play games like other pay as you go monthly services do. I just checked my Google Cloud account to make sure they did not add any extra billing.
Stay on top of all of it the streaming services billing from Netflix, Amazon, Paramount, Cable/Fios, HBO go etc etc. Anything that has a stored credit card or a monthly debit.
These fuckers will raise the monthly subscription rates and add new fees and charges as their revenues sink. You don’t need to be a criminal bankster like Wells Fargo to rip off your customers blindly for Billions and get away with it with a slap on the wrist.
Juice: Apparently the biggest component of todays increase was from New York where teachers are allowed by contract to file for UE when they are off for winter/ spring breaks.
Chi – douche everyday it’s good for your soul.
National Security? Lol….Apple should be paying for the Fabs not the taxpayer.
You know the second a single bomb lands on Taiwan that China will be more affected than us. 60 percent of Taiwan’s chip exports go directly to China to make cheap government subsidized chit for you the consumer. BTW the new Fabs in the US are to make Consumer chips..
I said Consumer for a reason. You think our Military uses those chips? There is the requirement of the Trusted Foundry in government systems. For example chips developed by Northup Grumman are not made in Taiwan.
https://www.youtube.com/watch?v=LGwdrjUy1mg&t=5s
3B – Do the Teachers even pay into the unemployment system like most other non government workers? I was not aware that there government unionized workers have unemployment deducted from their checks and the school system also make the copayment like the private sector.
Chi – Why NO? Free market Capitalism? Then get rid of Fannie and Freddie, and legislate away the Feds ability to corner the housing bond market for a decade.
Juice: I don’t know, but according to what I read they are allowed by contract to apply for UE, I don’t know who pays for it. If that’s the case, then I guess they get it UE for the summer break as well.
Juice: I agree take the government completely out of the housing market.
“No one wants to work hard anymore either….so you have a bunch of hack losers going into trades. God knows the damage they will do when building with zero skill and work ethic.”
One of the “young ones” (31) where I work is complaining that the new grads with zero experience are making the same she does. Minimal pay increases after being hired.
No reason if you are experienced in my field to stay at one place. I understand now why they all want to hook up with physicians. For many of the new ones, social > skill level.
3B – I don’t think the teachers pay into unemployment, not sure. What say you Pumps or BRT?
I know teachers can opt into an Extended Year Pay program to distribute 10-month salary over 12 months instead. I would think few choose that option, as well they have Bills to pay.
Juice Box says:
3B – Do the Teachers even pay into the unemployment system like most other non government workers? I was not aware that there government unionized workers have unemployment deducted from their checks and the school system also make the copayment like the private sector.
I wonder, what percentage of posters that complain about taxes on here are either working for local government or have a spouse giving them healthcare from it?
Not me. I have no ties to government. Never worked for the government other than consulting for a NY teachers pension. On thing I did learn, as well as what was taught in history classes is they can and do make up for the salary with benefits like healthcare.
One of the fringe benefits in NY for the government works mentioned here by Chicago. They have a taxpayer backed 403(b) plan they have been getting d 8.25% fixed interest guaranteed by the taxpayer for over 50 years now. RISK FREE. No investment selection you get 8.25% fixed interest. That many even be adjusted higher do to CPI now. Not really sure.
Phoenix: No government jobs here either.
Another benefit that “common” folk don’t receive. Look at that rate compared to what someone else is paying.
https://teammaronenj.com/blog/police-firemens-retirement-system-mortgage-program/
Yes, we pay into Unemployment and Family Leave insurance.
The real scam the districts run is they “let you resign”, even when they should fire you into oblivion, so you can’t collect in the summer. That’s why so many awful teachers land on their feet in another district….even pedos.
Yes, I can’t collect unemployment for breaks. The contract is salary based from Sept to June. We do have to pay into it though…
No govt job for me. Constant threat of being fired for anything. I remember when I started my job (when things were way better) there was an old guy-very good, but was a diabetic. Broke his foot (didn’t know, neuropathy does that) and had to be out for surgery. Came back, and didn’t know the other foot was broken as well-had to go out for that- They canned him, then offered him his job back at starting pay.
That’s what you get for 30 years of showing up. No discounted mortgage for you.
Phoenix: I do know quite a few NJ/NY public sector workers, (Boomers: Gen X), who bitch about the high taxes in both states, and then have or plan to retire and move out of state.
BRT: Even pedos???
Phoenix – Yes special housing bonds Ginnie Mae for veterans fixed-rate mortgage.
Fannie Mae for other government workers etc. Been around forever I think the rates a just a small bit lower than a regular mortgage.
As much as some of the posters on here despise small starter homes, I prefer this type of development vs condo crap.
Now maybe Eddie just dislikes them due to the price they are at-and that is understandable.
It’s too bad they no longer make developments full of small homes.
3b,
Yes. I’ve known several cases, where they clearly crossed boundaries, but technically, broke no laws. Resign, end up at a new district.
Phoenix re: “It’s too bad they no longer make developments full of small homes.”
You aren’t looking hard enough, they are a bit rare around these parts of the country but they do exist.
A bunch of these new starter homes just showed up in the next town..
https://www.zillow.com/homedetails/9-Mary-Ann-Ct-Keansburg-NJ-07734/2058909166_zpid/
Even in prestigious Bergen county.
https://www.zillow.com/homedetails/2-E-2nd-St-Moonachie-NJ-07074/2059292086_zpid/
Juice,
Trailer park you don’t own the land. Do any communities allow you to buy a lot and then place a trailer on it?
Something to look at. Non real estate related nor shocking, just data.
https://globe.adsbexchange.com/
Zoom out a bit. Pretty much all of America is covered right now.
“Yes. I’ve known several cases, where they clearly crossed boundaries, but technically, broke no laws. Resign, end up at a new district.”
So what was she, 17?
BRT: That is shocking!
Three days ago on Daily Mail.
It’s not just the men anymore:
Connecticut school lunch lady, 31, is charged with sexually assaulting student, 14, ‘after texting him saying “Wanna see something?” then bombarding him with nudes’
Andie Paige Rosafort, 31, a former Connecticut lunch lady allegedly sent nude photographs and videos to a teenage boy via Snapchat over a six-month period
It’s alleged inappropriate behavior occurred between Rosafort and a 14-year-old student which came to light after the victim’s friend told a parent
Rosafort had been communicating with the victim through Instagram and Snapchat, and allegedly sent nude photographs and videos of herself
https://www.dailymail.co.uk/news/article-11828675/Connecticut-school-lunch-lady-31-charged-sexually-assaulting-student-14-sexting-him.html
Phoenix – It’s a tradition. You should go back to the old country and find out how the young boys all lose their virginity.
Teachers really shouldn’t be made the scapegoats. It’s the cops, firemen and government workers that need to be investigated. It’s a horribly corrupt game of you wash my back and I’ll wash yours. Some days, for shits and giggles, I follow the money for an hour or so. I find the most corruption at the state level, but the counties run a close second. Though many town councilors and mayors end up in bullshit state positions, such as the DOT or the DEP. It’s all a complete joke really. The majority of the people who serve on the boards of these departments have not one drop of experience within the field they are appointed to. Then there are the union leadership. They get lots of juicy promotions into state positions where they too have zero knowledge. It’s really one giant joke. But since no one knows about it or is willing to complain about it, then life goes on.
Next time you pay your property taxes, go look at how much goes to the county. The numbers are phenomenal. My house in Glen Ridge pays over $3,000 to Essex County through my property taxes. Besides some county road maintenance and and plowing and the corrupt legal system and a prison, what is my family really getting for the $3K?
Phoenix – We are the wealthiest nation in history, so we need to be up in the air all the time to show off our wealth. 25% of all worldwide air travel daily is to and from the USA. Over 2 million people flying daily over the USA, majority of those flights are for leisure. How else can you be a “creator” for your Instagram business? You need to be at a new location in your swimsuit by the pool or beach or in a hotel lounging around to get followers. It is the new economy…
So the “old country” is full of female pedophiles?
And these women complain about men like Pete Davidson who hooks up with young women (but are legal)?
Guess it explains who is controlling the narrative.
Lib – “The majority of the people who serve on the boards of these departments have not one drop of experience within the field they are appointed to”.
What are you taking about. Hunter Biden is an expert on natural gas production and transmission. He earned his nickels at his no-show non-native language reader or speaker role of advising on chit for 1/2 a million dollars a year.
Phoenix – re: Narrative.
Yes the frog prince even gushed in his book about the tradition. How he was a wee young lad and was taken by and older woman.
People would feel different about condos is they were built better. If you could live in building without hearing your neighbor talk, flush, procreate. The stick built fire traps that are American low rise condominiums simply suck.
Go see some of the condos built on the west side. Rebar, cement, slabs, smaller square footage, higher ceilings, present much better than your regular condo shoe box.
Lib,
Lack of county government grift is that last sliver that keeps CT from falling into abyss, like NJ. We are blood red while NJ is deep purple. Every once in awhile some idiot politician/businessman blames lack of CT growth bc we have no county govt working with corporations to promote our state brand. I laugh every time. It is money grab / pure scam.
You still don’t own or control the land under your feet. You still have to deal with the Karen’s of the condo board.
Nope, not the same as owning a 1k SFH, which no one builds anymore.
“People would feel different about condos is they were built better. If you could live in building without hearing your neighbor talk, flush, procreate. The stick built fire traps that are American low rise condominiums simply suck.
Go see some of the condos built on the west side. Rebar, cement, slabs, smaller square footage, higher ceilings, present much better than your regular condo shoe box.”
How about a hand for the CT lunch ladies…who did it best?
For four years, nearly half-a-million dollars quietly vanished from cafeteria registers at two schools in Connecticut.
No one noticed the money was missing from the schools in New Canaan until 2017, when the school district installed an enhanced accounting system, authorities said.
Now two sisters are accused of allegedly pocketing $478,000 in cash from New Canaan Public Schools – a scam that authorities say dates to 2013, CNN affiliate News 12 reported.
Joanne Pascarelli, 61, and Marie Wilson, 67, both worked at cafeterias at Saxe Middle School and New Canaan High School during that time. They were arrested this week and charged with larceny and defrauding a public community, the school district said.
Phoenix – When sex before marriage was frowned upon in countries due to religious influences (pick your poison) and there was no access to birth control pills it was usually only the older women who put out.
I recently heard I have a surprise sister in the UK. My Dad was working there at 17-18 although was not in secondary school at the time had a tryst with a much older English woman after a night out drinking. Does it happen with even younger boys? As I mentioned take a visit to the old country and ask around the village.
Juice Box says:
March 9, 2023 at 11:44 am
Phoenix – re: Narrative.
Yes the frog prince even gushed in his book about the tradition. How he was a wee young lad and was taken by and older woman.
Now the other side of the coin: Monica Lewinsky
Consent is rendered moot? WTH?
I consented to having my toe amputated, but the power imbalance between me and my physician made me consent to having my decrepit toe removed- I really wanted it so now I should sue him.
“I’m beginning to entertain the notion that in such a circumstance the idea of consent might well be rendered moot, although power imbalances – and the ability to abuse them – do exist even when the sex has been consensual,” she wrote.
Thank you.
Libturd says:
March 9, 2023 at 11:31 am
Teachers really shouldn’t be made the scapegoats.
Same with Wayne. Town politicians hate the county govt. They always state that our taxes are high because of county govt and they are correct. It’s criminal.
“Next time you pay your property taxes, go look at how much goes to the county. The numbers are phenomenal. My house in Glen Ridge pays over $3,000 to Essex County through my property taxes. Besides some county road maintenance and and plowing and the corrupt legal system and a prison, what is my family really getting for the $3K?”
Just look at any NJ board or authority.
I’ll pick the Educational Facilities Commissioner, Joshua Hodes.
This is from 2010.
Josh Hodes will leave Public Strategies Impact, a top Trenton lobbying firm, to become Chief of Staff to Assembly Majority Leader Joseph Cryan (D-Union). Hodes joined the firm in 2007 after working as Associate Director of Athletic Development for the Rutgers University Foundation. He worked on Hillary Clinton’s 2008 presidential campaign.
Hodes is the son of Harold Hodes, a veteran Democratic insider and lobbyist who served as Gov. Brendan Byrne’s Chief of Staff.
So what the fuck does this commissioner know about bonding for higher education building construction? Absolutely nothing. But he helped get a politician in NJ elected, so he gets his back washed.
You will find this in every single appointment. And you wonder why the government is rife with major fuck-ups.
Phoenix – Lewinsky did not sure for sexual harassment. She gushed to Linda Tripp, that she had in her possession that blue Gap dress she wore that still bore the presidential semen stain eight months after her encounter with big willy under the resolute desk in February of 1997. FBI took possession and then logged it into evidence over a year later in July of 1998 after the warrant was issued. Lewinsky also could have cleaned the dress but she didn’t, wanted a keepsake and all and perhaps she wanted an insurance policy too.
Europe builds them right. That’s what we should be doing if you want to solve affordable housing. Instead we build pos fireboxes so that the developer can make a chit load of money at everyone else’s expense. Criminal. If they build housing, it has to be a huge house…again to justify the profit. So use up all these resources and drive up the price on said resources to build bigger dwellings than people need, or pos condo buildings that lead to a low quality of life while falling apart in 20 years.
Boomer Remover says:
March 9, 2023 at 11:49 am
People would feel different about condos is they were built better. If you could live in building without hearing your neighbor talk, flush, procreate. The stick built fire traps that are American low rise condominiums simply suck.
Go see some of the condos built on the west side. Rebar, cement, slabs, smaller square footage, higher ceilings, present much better than your regular condo shoe box.
Pumps- Essex County needs a jail? What for?
Europe builds them right.
Yes they laugh at our stick houses that burn to the ground, but the reality is they cut down all their forests centuries ago and the only readily available cheap building materials is brick, stone and concrete.
Save for the sole exception of a life changing buyout from a developer, and somewhat paradoxically, owning the land under my feet matters less (to me) in a dense pop center. If I find myself in a situation where owning the land under my feet will permit me to stand some ground, I want to be as far away from a dense pop center as possible.
Condo boards are usually more laissez-faire than Co-Ops… which I can attest are a nightmare. Besides who doesn’t enjoy a little gate keeping from time to time.
Separately, I am trying to decide if I want to go see Muse at the garden next week. I have to take the chicken bus, head to midtown, pack myself up in the rafters… I’ve never regretted going to a gig, but I have skipped gigs because of the pain in the arse to get to where the action is.
Boomer – Friday night show, head in early for dinner and Hotel it overnight there are some pretty good hotel deals, Hilton on 35th st is $125 for that night.
Quite the market reversal today.
Lmao…why not?!
https://www.wsj.com/articles/elon-musk-texas-town-52386513?mod=hp_lead_pos7
Turns out that Essex County is the 6th lowest as far as percentage of property tax that goes to the county at 16%. Passaic, fyi, is at 22%.
https://www.nj.gov/dca/divisions/dlgs/resources/property_tax.html#1
You can add whale killer to pervert and predator among Phil’s many titles. How long is he going to push the climate change religion before he realizes it’s a loser. We all know it has nothing to do with the environment but dead mammals washing up on the beach will cause a commotion nonetheless.
Lefty, what you think? Makes sense, but maybe I am seeing it wrong.
$DNA Here is a different view … given the very heavy institutional ownership overlayed by a very aggressive group of SHORTERS who have made a mint (at least on paper) on the ride from $12 to $1.30, the market pricing at this point is irrelevant. The institutions are not selling here, and the influence of the manipulative SHORTERS on the supply side of the equation has made the supply and demand stock market mechanism run afoul. Instead, this is similar to a privately-held company where the primary owners are not willing to consider a sale under double-digits per share (maybe high-double digits) … yet there is a secondary market going on where “outsiders” buy and sell “interests” intended to mirror the Company value. But the reality is that there is zero relationship between that secondary market and the real value of the Company. There is no way the founders or big institutions would consider a sale of DNA for less than $20-billion … notwithstanding this crazy market action.
$DNA If you want a little evidence regarding my thesis … the 2/28 Short Interest number just posted as 146.15-M shares … which is 21-M shares higher than at 2/15. That “extra” supply of 21-M shares over 8 trading days is EXACTLY why the “supply and demand” mechanism is out of whack.
$DNA And, further, with $1.3-B cash in the Bank, DNA can operate per its plan totally insulated from what that crazy secondary market indicates as its value. If you are a trader … DNA right now is a real gamble … a Vegas style gamble. But if you are an investor (like me) try to avoid the meaningless noise in the day-to-day stock action, and plan to hold until the true value of the Company is reflected in the market pricing.
Insanity….over 20% going to the county.
1987 Condo says:
March 9, 2023 at 3:15 pm
Turns out that Essex County is the 6th lowest as far as percentage of property tax that goes to the county at 16%. Passaic, fyi, is at 22%.
BRT,
Speaking of teacher pedos, which fields have you observed them going into?
In the small sample size of my high school and college, the pedos who like girls go into phys-ed (whether men or women). And the pedos who like boys go into astronomy.
At my HS we saw the young jock phys-ed guy dry humping I mean “wrestling” the pretty cheerleader I liked. While the butch-dyke phys ed teacher would just supervise the girls showers a lot, out of sight of us boys.
Meanwhile I took astronomy in both HS and the local college. Teachers from both ended up in the slammer for pedo activity, though my classes didn’t have any overnights, I think it was through “astronomy club” stuff. I guess they figured out that teaching astronomy is the perfect excuse for late night sleepouts to see the stars at night. Probably easier to learn to teach astronomy than go through the whole Catholic church training.
That lunchlady also appears to have been stealing fries from kids lunches, looking at her big butt.
https://nypost.com/2023/03/09/accused-groomer-andie-rosafort-seen-at-connecticut-home/
“Lefty, what you think?”
Generally, clueless twitter-verse drivel. Why do people with zero experience or knowledge of the markets always run to “the SHORTS!!!” when companies they want to believe in shit the bed?
“$DNA Here is a different view … the market pricing at this point is irrelevant.”
Market price is exactly what matters. I don’t know if 30/40/OldRealtor is still around but he spent the better part of a decade here tooling people who tried to tell us ‘the market’ was mispricing their house when they couldn’t get what it was ‘worth’. It is worth what a liquid, arms length market will pay for it.
“…this is similar to a privately-held company where the primary owners are not willing to consider a sale under double-digits per share (maybe high-double digits) …But the reality is that there is zero relationship between that secondary market and the real value of the Company. There is no way the founders or big institutions would consider a sale of DNA for less than $20-billion … notwithstanding this crazy market action.”
Don’t even know where to start here…there is zero relationship between market value and real value (whatever that is) of the company…OK, right…the only ‘zero’ in that statement is that it makes zero sense.
Oh, and what the founders believe a company should sell for has zero impact on the market price, which again is what matters. Because, you know, I still have that 2017 SUV with a Blue Book value of $35k and there are recent sales at $32k and the dealer offered me $34k as a trade-in but no way in hell am I selling it beneath $50k! No way! It is therefore, of course, worth $50k and not $35k…..c’mon….
“$DNA If you want a little evidence regarding my thesis … the 2/28 Short Interest number just posted as 146.15-M shares … which is 21-M shares higher than at 2/15. That “extra” supply of 21-M shares over 8 trading days is EXACTLY why the “supply and demand” mechanism is out of whack.”
Again, clueless. Daily volume over the last six months is generally between 20 million and 24 million shares a day. Plus the stock is not HTB. And, absent yesterday, CW has been a strong buyer taking in 12m shares alone during the last week. The issue right now is the incredibly poor *corporate* management team could not meet their filing requirements on time, and given their recent assurances that proved radically false the market just doesn’t believe them that everything is alright until their 10K is filed with the SEC. The extension they received runs out on March 15th. Stock will be funky until then (or until they file), and if the filing is fine, it will then likely get a bump.
“$DNA And, further, with $1.3-B cash in the Bank, DNA can operate per its plan totally insulated from what that crazy secondary market indicates as its value.”
We went through this in detail and ad nauseum yesterday….yes, it is very fortunate they have those funds but they are a rapidly wasting asset as the company cannot in its current form raise more funding on any type of favorable terms. Think of it this way…you and your wife both quit your jobs and you have $130k in the bank. You both know neither of you will be hired in the next 18 months. What do you do? You get rid of the second car, cheap (sell shares at $2.67); you dial back on going out to fancy dinners (pull back funding the pharmaceutical residuals). You take daily withdrawals from the savings account to cover your current expenses (cash burn). What’s next for you? Yup. Canned tuna. The market understands despite what appears to be big cash balances you are on tenuous grounds and there is a cupboard full of Starkist they may get served up which is part of the reason the shares are down…and also why if you invite neighbors over for a canned tuna dinner, they take a pass.
The issue is not “the SHORTS!!”. The issue is a management team that twice in less than a year has blown its forecasts and last week postponed filing its 10K. Stop ignoring the obvious and searching instead for a little man with a lever behind a curtain.
Oh, and the issues are not restricted to DNA. It is what happens in these situations…
https://www.reuters.com/business/finance/credit-suisse-delays-publication-annual-report-following-sec-call-2023-03-09/
Thanks, lefty. Appreciate it.
Just some thoughts I am having…anyone else feel this way? Am I wrong? Just questioning my DNA position and this is where I am at.
You will never hit it big if you can’t buy and hold when there is massive noise. Early stage companies will always carry a ton of noise. Look at Tesla at one point (I believe it was 2018), so many people bailed on the bankruptcy talks…they sold right before it went ballistic.
If you think you are going to make money on sure bets….stick to index funds, not individual stocks. Individual stocks…you have to absolutely buy when there is massive risk to make money. By the time a stock becomes a “safe” and “perfect buy,” it’s too f’ing late.
Pumps – I lost $20K on stocks while still in college. Your DNA will go sub $1, but you’ll be okay. There’s no need to make it rain twitter essays.
Boomer,
What I do know, bank stocks took a bat to the head. Buckle up. Sooner or later, we are going down.
The signs are all there…all around us. They are going to pull the rug in the stock market sooner than later.
From Buffets mouth. You can be wrong on 9 out of 10 stock picks and knock it out of the park. You gave up too early my friend.
Boomer Remover says:
March 9, 2023 at 7:12 pm
Pumps – I lost $20K on stocks while still in college. Your DNA will go sub $1, but you’ll be okay. There’s no need to make it rain twitter essays.
Honestly, is the Fed fighting a losing battle?
Wtf do rates matter with inflation when you have 70 million boomers retiring in the coming years? You are f’ed. Their retirement combined with a declining birth rate is an inflationary bomb. The capitalist ponzi scheme is up with negative population growth.
Just some thoughts I am having…anyone else feel this way? Am I wrong? Just questioning my DNA position and this is where I am at.
Pumps, despite the taunting you’ve gotten here, most of us tried to protect you from yourself on your recent bets. You need to stop using bubble valuations as your frame of reference.
No One, one was Biology, the other was 7th grade physical science. My English teacher in HS was a confirmed pedo as well. At my last school, the tech guy was a pedo, but he actually got busted. I didn’t notice any patterns but I don’t have much to go off of.
Boomer,
it took us years to sell my mom’s co-op in NYC. One guy on the board got in the way of 2 different sales.
I think the strategy of renting to scumbags finally convinced him the sale would be good
I know lefty understands the science, but do you? If they become what they have the potential to become, they will become “god amongst men.” Able to manufacture whatever they want “on scale.” Majority of the companies in the world will become a source of revenue for them. Talking trillion dollar market cap and some.
BRT says:
March 9, 2023 at 9:04 pm
Just some thoughts I am having…anyone else feel this way? Am I wrong? Just questioning my DNA position and this is where I am at.
Pumps, despite the taunting you’ve gotten here, most of us tried to protect you from yourself on your recent bets. You need to stop using bubble valuations as your frame of reference.
They tried to excoriate Taibbi’s reputation today in Congress. Again one of their own, he is far far left.
I feel what’s important for DNA, to get as many programs going as possible. It’s all about data. Build that chit up. That’s what I enjoy about investing in this company, not only about money, investing in the future of mankind. If they go bankrupt, at least you helped push science forward. It’s expensive. Someone has to do it.
BRT – I remember you posting about this earlier. Not sure if first hand or recollection at the time of posting.
Pumps – Boots & Coots no longer caps wells in Iraq, and well, RAE systems looks like it spun off its mine gas detection business and was absorbed by Honeywell. DNA will also cease to exist at some point.
Yet Taibbi is now embraced by the ones who previously denounced him.
Josie duffy rice @jduffyrice
Oh my god Matt taibbi meeting with the man he said looked like “a bunch of waterlogged Reagan masks sewn together at gunpoint” will wonders never ceasehttps://twitter.com/jduffyrice/status/1634206347590762497