NAR: First price decline in 11 years

From CNBC:

Home sales spike 14.5% in February as the median price drops for the first time in over a decade

Sales of previously owned homes rose 14.5% in February compared with January, according to a seasonally adjusted count by the National Association of Realtors. That put sales at an annualized rate of 4.58 million units.

It was the first monthly gain in 12 months and the largest increase since July 2020, just after the start of the Covid-19 pandemic. Sales were, however, 22.6% lower than they were in February of last year.

These sales counts are based on closings, so the contracts were likely signed at the end of December and throughout January, when mortgage rates had fallen sharply. The average rate on the popular 30-year fixed loan hovered in the low 6% range throughout January after reaching a high of 7% last fall.

Higher mortgage rates have been cooling home prices since last summer, and for the first time in a record 131 consecutive months — nearly 11 years — prices were lower on a year-over-year comparison. The median price of an existing home sold in February was $363,000, a 0.2% decline from February 2022.

That lower median price could be a sign that homes on the more affordable end of the market are selling.

Sales might have been even higher were it not for what is still very low supply. There were just 980,000 homes for sale at the end of February, according to the Realtors, flat compared with January. At the current sales pace, that represents a 2.6-month supply. A balanced market between buyer and seller is considered a 4- to 6-month supply.

“Inventory levels are still at historic lows,” Yun added. “Consequently, multiple offers are returning on a good number of properties.”

This could start to heat prices again, but with mortgage rates now higher than they were in January it will be harder for some buyers to compete.

All-cash sales accounted for 28% of transactions in February, down from 29% in January but up from 25% in February 2022. Individual investors returned, making up 18% of buyers, up from 16% in January but down from 19% in February 2022.

When looking at sales at different price points, they were all down in the range of 20% from February last year, with sales down the most in the top, million-dollar-plus segment.

This entry was posted in Economics, Housing Bubble, Mortgages, National Real Estate. Bookmark the permalink.

93 Responses to NAR: First price decline in 11 years

  1. leftwing says:

    First ha

  2. grim says:

    Gotta say, hardly a decline, and the real estate market still looks incredibly strong.

    28% all cash, up from 25% this time last year?

    Not to mention, we’re nowhere near a point where even a significant increase in inventory wouldn’t easily be soaked up by current demand.

    Pants up I tell you, pants up.

  3. grim says:

    $3 million?

    https://www.dailyrecord.com/story/news/bergen/wyckoff/2023/03/22/wyckoff-home-selling-for-3-million-dollars-has-old-money-history/70034999007/

    I mean, it’s nice house, I get it. But $3 million? Looks like maybe 4 bedroom, 2.5 or 3 bath (hard to tell from the pix)? Take a guess at 2,500 square feet, maybe a touch more if you consider that finished walk up attic space (which I think they consider the 5th bedroom – 2,750 to be generous?). Back yard looks expensive, sure, but that blacktop driveway is sure in bad shape (so what else is?).

    Sold in 2009 for $1.5 million. Guessing they did the pool, interior reno, maybe that eat-in-kitchen area addition (sunroom).

    And it’s on a busy part of a busy road (Basically on the Russell Ave exit).

  4. grim says:

    Sold a bunch of physical gold on Monday. Too early?

    Buyer paid a premium over spot ($2050) – this wasn’t any kind of collectable bullion that normally commands a spot premium either.

  5. grim says:

    On the Decamp bus company “failure”…

    I can’t imagine the amount of money that NJ Transit is going to spend to establish replacement service for these routes.

    How many new buses will be purchased? New drivers hired? New admin staff hired? Spending spree of epic proportions. Advertising. Public outreach. New signage. Maybe even someone to stand at each and every bus stop to provide information.

    If it took Decamp $50 million a year to run these routes, it’s going to cost NJT $250 million. How can we possibly take the time to worry about budget in the middle of a transportation crisis?

  6. Very Stable Genius says:

    BREAKING

    “Donald J. Trump claims he is ready for his perp walk.

    Behind closed doors at Mar-a-Lago, the former president has told friends and associates that he welcomes the idea of being paraded by the authorities before a throng of reporters and news cameras. He has even mused openly about whether he should smile for the assembled media, and he has pondered how the public would react and is said to have described the potential spectacle as a fun experience.“

  7. grim says:

    DA should just reschedule the arrest a few times. At some point, nobody is going to bother coming out to protest anymore.

  8. The Great Pumpkin says:

    Think about this . Unemployment is at a very low level but average hourly work week is in decline. That means more people working less hours. This is a key component of the model I follow. Less hours less widgets being produced. Input that becomes tomorrow’s output (GDP) data

    Severe recession which will lead to lower rates and although that means a profit recession based on market structure and the positive divergences in the deep technical indicators a rally in equities. Seems like a recession and collapse in earnings not good for companies. But

    3 watch this rally . Shorts 🏀🥎⚾️🏈 ripped off . When this cycle ends the massive sell off will resume . I’ll take the rally then bet the sell off with more exposure

  9. grim says:

    Hourly work week in decline in the US is partially a function of changes in demographics.

    If I post a local WFH part-time flex-time job in the US, I get 4 times the number of candidates as I do posting a WFH full time job, and 5-7 times more candidates than posting for a full-time brick and mortar job. TIMES not PERCENT. If I allow national WFH hire, it’s easily north of 15 times, probably could be triple that, as it’s limited by advertising reach.

    For us, it’s more beneficial to hire two part timers than 1 full timer. Why? It gives us more flexibility/scalability to ramp and be agile. A part timer is far more willing to flex up and down their hours each week. A full timer generally can’t flex down without taking a big cut in paycheck, which runs contrary to the reason they want a full time job. I’ve personally talked to all sorts of candidates – entrepreneurs looking to make some side-gig money, full-time students looking for supplemental income, freelancer-natives who are sick of delivery or driving, etc etc. Hell, I’d take 3 lower-hour part-timers, that’s even better yet. Flex work and WFH essentially create a JIT-model for labor, and that model actually allows you to pay far more, because labor utilization is far better.

    We’re seeing a lot more non-traditional job candidates in the US. Single moms is a HUGE one right now. WFH and Flex Time has been pulling these people into jobs they would have never had the opportunity to do previously. Also, seeing retirees coming back into the job market for part-time work. WFH is a big attractor compared to taking some kind of shit retail job, especially around less-than-full-time positions.

    The notion that everyone wants a full-time job in the US is completely and unequivocally false – yet we continue to legislate and make economic assumptions on what is an antique ideology.

  10. 3b says:

    Fed does 25 today, and perhaps a pause from there. That is my call, I may be wrong of course, but I don t see any rate slashing. Inflation is still a problem, and becoming embedded.

  11. Libturd says:

    With so few people working from home, I’m surprised to see DeCamp delist. Must be those drastic improvements to NJ Transit?

    Or maybe it’s the end of all of the federal subsidies that allowed trains and buses to run empty for the past three years. Ho hum. What do I know?

    I wonder what impact the end of all of this pandemic funding will have on the overall economy? Public Transit is only the tip of the iceberg.

  12. Trick says:

    Grim

    What about benefits? Its a fixed cost that is now doubled. Company’s I worked for would rather be under staffed and pay OT since the benefits are already paid for. Unless you can get around it because they are part time.

  13. leftwing says:

    “DA should just reschedule the arrest a few times. At some point, nobody is going to bother coming out to protest anymore.”

    Was anyone going to protest in NY anyway? Would think not…

    SHTF will happen afterward. Observing, specifically not condoning, but if I lived in a deep Red area and had those virtue signaling signs in my front yard I would pull them.

    Not following this in the news at all but smart political move if as above DJT forces them to publicly arrest and slap handcuffs on him.

  14. grim says:

    What about benefits?

    I’ll tell you, we offer benefits to PT, the pass-through cost is a little higher than for FT, but nothing prohibitive. What I’ll say is that a very large portion of this new flexibility-seeking demographic simply does not opt in to benefits. They have health insurance through some other means already (partner, retiree, freelancer that already pays their own exchange-sourced benefits), they aren’t interested in contributing to retirement either, etc etc. They aren’t interested in making this a career, at all. Have a labor economist that’s a close friend, we’ve beat this to death. You can look at this subset of the working population and say that they are not at all defined by the work they do, which is simply a means to earn the income that is used to define who they are. Very much a paradigm shift, especially if you are coming from a very employee centric HR background. Sorry, they don’t care about you, your company, your mission statement or anything else. The work is transactional, and that’s simply the end of it. I do the work, you pay me, there is no relationship beyond this, so don’t expect any kind of “loyalty” in exchange. Save the mumbo jumbo bullshit culture talk for someone else.

  15. Bruiser says:

    Who are we kidding? Alvin Bragg would rather send an all-female POC brigade of Stormy Troopers in the wee hours to kick down the doors of Mar-a-Lago and drag Trump out in his boxers. It’s all theater.

  16. The Great Pumpkin says:

    Grim,

    What does that say about the future of America? They don’t want a career…they don’t want full time work. They don’t want to leave their house. I mean, wtf is this? What happened to the hard working career focused American? Make America great again…sure. It’s a slow drain down….

  17. Juice Box says:

    No bail for Trump he is too dangerous.

  18. BRT says:

    I sold 10k in gold yesterday. It can’t seem to break that psychological 2k level.

  19. Libturd says:

    On Trumps arrest. It is theater and the continued degradation of our democracy. As much as I am personally looking forward to the perp walk of potentially the worst president our nation has seen. It is a problem on two distinct levels.

    First, America is really beginning to look like one big (immoral) joke to the rest of the world. It’s bad enough the world mostly judges us by the crap Hollywood puts on television. What passes for television these days is atrocious. To the rest of the world, we are a combination of the Bachelor, Below Deck, cooking contests, 1200 pound soap operas, talent shows promoting wokeness (since there is so little talent to display), Survivor spinoffs and mascots singing. Their perception is only worsened by events like attacks on the Capitol Building and presidential perp walks.

    The second problem is that the Democrats need Trump in the race. Though few Red Teamers are willing to admit it, they know Trump was a terrible president. He had to be for the Dems to get Old Joe into the White House. About the only thing Trump had going for himself was the protest he represented in draining the swamp. Sadly, his need to cater to the populists ruined any credibility he might have had. Nonetheless, without Trump in the race, without a turnaround in the economy, President DeSantis will be running our country next. Though his pedigree should convince you that he’s intelligent and experienced, in his dealings in Florida, he is constantly cutting off his nose to spite his face. Examples of this include his anti-public health stance on vaccination mandates for cruisers during the pandemic and his complete mishandling of Disney, a company that represents nearly 2% of Florida’s GDP. Not to mention the local property taxes they pay and half a million people (yes that’s right) they employ. DeSantis might be principled, but his lack of common sense is downright scary.

  20. Juice Box says:

    Gold what is this 2008? All the pumpers have moved to Bitcon. Yes BitCON.

  21. Juice Box says:

    40% Up Move in BitCON since Christmas.

  22. BRT says:

    Arresting the loser of the election is something that happens in 3rd world countries. The symbolic nature of it is perfect.

  23. BananaJoe says:

    Trumps presidency is incomplete. The attacks on it started before he was office with bama sanctioning the collusion hoax. We’ll never know how effective he could have been because the establishment attempted to abort it.

    The collusion hoax was the big lie. The attacks on our democracy institutions and the sharing of power started with that.

    And no, Biden’s presidency we’ll be seen objectively as a period of decline. He’s adopted third world tactics and lowered standards everywhere. He’s come out in favor of the mutilation of children. His economics are bad. He’s rolled over to the deep state and their schemes intentionally. The world is unstable. His covid policies failed. The open borders will have negative repercussions for generations. He’s fed the fentanyl crisis. Just a total debacle.

  24. Phoenix says:

    Q. Did Trump commit a crime by paying Stormy Daniels

    Yes or no. We are talking legal here.

    If so, he deserves to be arrested. Just like you would if you committed a crime.

    President or not, it’s that simple. No excuses.

    American cops murdered a man over a “supposed” fake 20 dollar bill, claiming he “broke the law.” Many support his death claiming he deserved it since he was a “lawbreaker.”

    Either you believe in the law, or it is something you should ignore. You cannot prosecute some without prosecuting all.

    Oh, yes you can, it’s America. A place where you can manipulate the law to legally do whatever you please, whenever you want, to whomever you choose.

    Basically, its bull shite.

  25. ExEx says:

    8:50 well stated! As usual. Florida is a place pummeled by one bad decision after another. Leaving FL in 1994 was the best decision we ever made. It’s truly a shit show.

  26. Phoenix says:

    Trump sucked, Biden sucks.

    Next.

  27. Phoenix says:

    Florida is where all of the Cheap Old Goats of America go to avoid paying taxes on their pensions that is tax money others pay into.

    Old goat teachers and cops from places like NJ like taking your tax money, but don’t want to pay it, so when they retire, it’s where they escape to knowing your children will be slaving away so they can dip their wrinkled arthritic toes in the warm soothing water.

  28. BananaJoe says:

    Even if it was a crime, the statute of limitations has expired and the key witness of Michael cohen. It’s another tds circle jerk. A recycled one to boot.

    And yeah, prosperity and security really sucked. Who would want any of that.

  29. Libturd says:

    “He’s come out in favor of the mutilation of children.”

    I will not read past there. Bannon was Trump’s Campaign Manager and lead strategist. He just spent 4 months in prison. You are correct. It did start before he was in office. Quite frankly, there is no reason to read further. Anyone who chooses an admitted racist, anti-Semite, white nationalist to drain the swamp is bound to fail. Teach me otherwise.

    There. I completed Trump’s presidency for you.

  30. Phoenix says:

    It’s amazing how many people complain about taxes when either they or their spouses are government workers and contributing to the exact problem they are complaining about.

    What is that called, deflection?

  31. Phoenix says:

    Lib,
    How is Trump an anti-Semite?

    I thought he was pro Israel. Didn’t he support Jerusalem as a capital?

  32. Libturd says:

    My AGI is 850K this year. I do not have the luxury of loopholes, offshore bank accounts and other legal tax shelters that most 1%ers do. Though it cost me nearly 60K out of pocket and my investment property lost 20K in rent due to my oil tank issues, plus I had over 60K in out-of-pocket medical expenses. I will still be paying close to 200K in taxes this year. And don’t worry. Murphy wants 40K of it, not to mention the transfer taxes paid to Joey D. already. And trust me, 200K is a bargain compared to what I would have paid if I did not prepare for this.

  33. BananaJoe says:

    Because you don’t like it and won’t acknowledge it doesn’t make It go away. Maybe you prefer the term experimentation which is gracious. The practices are predatory.

    Other countries are suspending sex change interventions for minors. He’s on the wrong side of history just like every other time in his career.

  34. Both sides of the trade says:

    Phoenix,

    Right now, he is running aggressive anti-Soros ad campaigns. Their purpose, to agitate the minds of the haters. Your comments I hear all the time. He will do anything to win and if that pits people against each other to stir the pot to get votes from people who may not like each other, he does not care. His actions have normalized hate to the point where it is a lot more out in the open. Synagogues are installing bullet proof glass at a record pace. Some cities now have established blanket security operations to cover all the Jewish institutions in their area. NYC just took a road trip 500 miles west to observe and learn what one jewish community has done to protect itself. Hate crimes are being recorded in record numbers. I am not criticizing your comments but he has amped up the hate machine to new levels. Problem is, there is a point at which hate gets large enough and has enough momentum that it can’t be stopped. Galloway comment a month or so ago that if there were a big enough economic downturn, he thinks things could get very rough for certain groups of people. 45 is an absolute master of manipulating people by taking advantage of human nature and emotions.

  35. Libturd says:

    Good one Phoenix. He also negotiated the peace with Arab countries that had no beef with Israel, but definitely wanted to trade with them like Jordan and Egypt does.

    Forget the Jew hatred, Bannon was also charged with Domestic violence among other things.

  36. Libturd says:

    Yes, the increase in hatred is real. Though, I’ve noticed a trend which is extremely disheartening. Lack of common courtesy and the ability of individuals to bite their lip has gone out of the window. Though, there is nothing illegal about stating one’s opinion on issues. It is now commonplace to see people outright denigrate for things they are not responsible for. For example, in the past, one need not embrace homosexuality, but it was not commonplace to call someone a fag to their face. Heck, I was in a casino (no way) a month ago and I mentioned my plans to move to Vegas to a fellow videopoker player, the middle-aged woman said that was great, but she couldn’t do it because she would miss the beach. I told her California was not that far away and I loved it when I lived there. To which she loudly proclaimed, “You couldn’t pay me to live in California with that homosexual loving governor!” Before Trump, people might discuss these types of positions in their homes or among their friends. Trump has made expressing your opinion on formerly public taboo issues preferential.

    During the Pandemic lockdown, my hick contractor from Vernon sent me a picture of him with about twenty other hick friends drinking and playing poker in his garage without masks or even with the garage door open. They were all giving the photographer the middle finger. Among like-minded friends, I actually condone the hijinks. But don’t post this shit on my Facebook page. Again, before Trump, actions like this were rare.

  37. Phoenix says:

    Point taken. I understand documented increases that you mentioned.

    I believe he is divisive, unless it benefits him, and plays both sides of the coin.

    I don’t think it’s targeted. Although I do think anyone who is in the crosshairs of the disharmony feels that way, and rightly so.

    He wants everyone to hate each other, blacks vs whites, religious groups against each other, men vs women, cats vs dogs. And what you posted is proof of that.

    When you create chaos, it’s a great time to steal. Distracted people won’t know they are getting fleeced. For him it’s about the money and power, always has, always will be. This man does what benefits him, and that is as American as it gets.

  38. leftwing says:

    Lib, generally agree with your post but will note the following.

    “Though few Red Teamers are willing to admit it, they know Trump was a terrible president. He had to be for the Dems to get Old Joe into the White House”

    “Sadly, his need to cater to the populists ruined any credibility he might have had.”

    I think your Establishment Democrat bias is showing here…most Red Teamers know DJT was farcical, those bound to him – personally – are likely 10% or less. The point you miss (or intentionally dismiss) is that the tens of millions of people voting him into office knew what a carnival barker he was, and voted for him anyway. They weren’t ‘populists’, the Establishment’s and Dem’s pejorative term to minimize the concerns and issues of these voters, they were grassroots. It was Team Red rejecting the Establishment that most of the Dems and too may Repubs were wed to. Remember, it wasn’t just DJT, Team Red cleaned house…who would have thought a Cheney or Bush would lose a Republican election?

    I feel for you about your taxes on the $850k of AGI. Fact is, most of these ‘populists’ won’t see that amount over ten years so they, unlike me, could give a flying fuck about your 1%er concern. THAT, my friend is the issue, and the source of DJT popularity. Your and the Establishment’s whining over $850k of earnings and the attitude that must exist to accompany that perspective.

    “[DeSantis’s] dealings in Florida, he is constantly cutting off his nose to spite his face…his stance on vaccination mandates for cruisers…complete mishandling of Disney, a company that represents nearly 2% of Florida’s GDP. DeSantis might be principled, but his lack of common sense is downright scary.”

    His actions had zero impact on the FL economy and the well being of its citizens, while firing broad shots across the bow that social issues that matter to a large majority of the voters of his party will be aggressively defended.

    Amazing that someone who complains about ‘big money’ in our government and the ‘corporatocracy’ finds fault with a politician who stands up to one of most established players and largest employer in his State over a political issue regardless of potential ramifications. Of course, the answer is that his principle doesn’t align with yours, so therefore his actions are problematic. Yet again, your Establishment Blue is shining bright.

    Far from alack of common sense, he sounds downright smart. And principled.

  39. Phoenix says:

    45 is an absolute master of manipulating people by taking advantage of human nature and emotions.

    One thing is for sure, even without him, having a country where the middle class is failing is going to have the same effect. He just amplifies the thought processes of the middle class-but their complaints are valid and relevant-and none of the elite classes care.

    I’m not suggesting he does- he is a gaslighter.

    The nerve in the tooth is already exposed to air- he is just blowing on it.

    If the government doesn’t find a way to correct this, it will take on a life of it’s own. Go visit reddit public freakout. It will become clearer to you. I see the end results every day at work.

  40. Bystander says:

    Read any comments sections after banks are mentioned..the amount of anti-semitism is staggering. You have a president that tweeted white power video as president, had Holocaust denier to his dinner party along with space laser conspiracy MTG as close friend. This is about votes. Lot of bigots who love this stuff and will vote accordingly, simply due to flagrant stoked hate by right. It is all out in open, post orange goon.

  41. 1987 Condo says:

    I was raised “old school”

    My mother’s favorite sayings:

    “what makes you think you are better than anyone else?”
    “I brought you into this world, I’ll take you out”
    ..and upon bringing home tests scores of 98’s and 99’s….”why not 100?”

    self esteem was not the priority…

  42. BRT says:

    Put it in perspective. When I drove through Miami, I’ve never seen so much active development in a US city. Disney is 2% of the GDP, and they just ousted their CEO. Doesn’t matter what he did to them. Personally, I don’t look at it as discriminating against them as much as he just revoked their special privileges that no one else enjoyed. Florida is growing. He kept the kids in school and he kept businesses open. Those were wins. As far as waging war on 2% of your GDP, how does that compare to King Phil, who wages war on 100% of his GDP.

  43. Phoenix says:

    I feel for you about your taxes on the $850k of AGI. Fact is, most of these ‘populists’ won’t see that amount over ten years so they, unlike me, could give a flying fuck about your 1%er concern.

    Do the 1%er’s care about the other 95%er’s?
    No, I don’t think they give a flying fuck either.

    However, the minimum amount of money is money just needed to keep a roof over your head. I often think about what would I do if due to age, injury or illness I can no longer pay my child support-are they coming for me? They did that before due to a false allegation.

    Most of my friends/co-workers- divorced, but didn’t pay thousands in lawyer fees to defend against a false allegation. Money that could have bought me a house, paid my child support in full.
    Where was DYFS? She was working when the allegation was alleged, but was on her vacation when I was in court-comes back, asks me what happened. Like, hey lady, since you knew it was a lie, how about helping me out?

    So yeah, I’ve been through some trauma. My AGI was never close to Lib’s. My current salary is reasonable but I sacrifice plenty for it.

    Membership has benefits- AE ad.
    Basically money makes money.
    I’m in maybe the top 25% bracket, with a career that provides no pension, yet is required to perform at high levels to protect the lives of people.

    Sorry 1%er’s, I have as much sympathy for you as you do for me. I don’t need yours, but don’t expect mine. I am not by any means a “Trumper” but I can certainly understand some of the reasons people voted for him.

  44. Juice Box says:

    Lib – TDS much? You are stealing the limelight from Kellyanne Conway. She was the campaign manager that got him elected in 2016. In 2020 it was Bill Stepien was Trump’s campaign manager who lost it.

    I think most of us here can agree we don’t need his drama back in office,. same with Sleepy Joe time for that generation to spend their days at Shady Acres and on the golf course.

  45. Old realtor says:

    Wyckoff house in article is 4120 GLA. House is not on top of 208 and is well set back from main road.

  46. BananaJoe says:

    What did I miss? Joe Biden delivering the eulogy for Robert Byrd? Obama chumming it up with Farrakhan? The only difference for trump is that he beat them at their own game. They hate him for it.

  47. Phoenix says:

    I will write in Bill Burr for President at the next election.

    Even with no experience he would be better than the last two clowns who were voted in.

    https://bit.ly/3neYdLD

  48. ExEx says:

    Ideology varies. Dems tend to look to the gubmint for “help”. They support public schools and regulations to help make people “safer”. The advances in workplace safety for example are a result of Democratic policies.

    Republicans on the other hand tend to think the government is the enemy to be “shrunken down” and “drowned in a bathtub”.

  49. ExEx says:

    Trump saw the whole thing as a showcase for his idiotic narcissism and a chance to fleece his supporters got money by grifting.

  50. Phoenix says:

    BananaJoe says:
    March 22, 2023 at 12:08 pm

    What did I miss? Joe Biden delivering the eulogy for Robert Byrd? Obama chumming it up with Farrakhan? The only difference for trump is that he beat them at their own game. They hate him for it.

    Just because they sucked doesn’t make Trump any better.

    He is a nut job. He creates drama. America loves drama, gossip, attention, entertainment. Trump provides all of these. He has more tea to spill than anyone.

    Maybe Biden will get us into a real war, or the banks will get us into a real collapse. Then all of these drama queens will have no choice but to forget about the scratch in her Tahoe but instead have to forage for food in her backyard.

    It’s about time Americans get their priorities straight. Only thing that’s going to do it is a real crisis. Like a Covid that actually finishes off half of us. Or a nuke.
    Then maybe, just maybe, it won’t be about entertainment anymore. You would have thought after Covid people would have been the least bit grateful just to be alive. I remember all of the body bags, the refrigerated trucks, reusing masks by cooking them in autoclaves, and, as a kicker, the beech I once standed in a church with trying to take my child away by claiming I was exposing her to Covid using the “legal” system.

    I’m tempted to vote for Trump just for the hell of it. Put up losers this time and maybe I will. Why not?

  51. Phoenix says:

    stood

  52. Very Stable Genius says:

    If the Court orders Trump to surrender his passport, can he still defect to Russia?

    @IvanTheK

  53. Juice Box says:

    Ex- re: “workplace safety”

    There you liberals go again stealing other people’s work. Can’t you just stand on your own legislation already?

    Federally mandated workplace safety rules and regs was codified into law under Tricky Dick when he signed the Law in 1970 which created OSHA to both set and enforce workplace health and safety standards.

    By the way the predecessor to OSHA was under the Bureau of Weights and Measures. That was created under another Republican all the way back in 1922 under Warren G. Harding.

    Another good one under Tricky Dick was the “Federal Railroad Safety Act of 1970”

    FDA was created in 1906 under Republican President Theodore Roosevelt.

    There are plenty other federal laws and agencies but I will leave that to you too look it up.

  54. Very Stable Genius says:

    Unattainable in a red state.

    Libturd says:
    March 22, 2023 at 10:48 am

    My AGI is 850K this year.

  55. Juice Box says:

    Ex – was Bill Clinton a narcissist and did you vote for him?

    And to help you with that tough question, what giant fib did he go on television and tell the American public?

    Here are a few more.

    “I know more about farming than any other president in history.”

    and the real doozy “I didn’t inhale.”

  56. Libturd says:

    You guys are all aware that many of you will suffer the same AGI when you sell your home. This has little to do with Gator and my salaries. Those are quite small actually.

  57. Libturd says:

    Juice.

    And the definition of “is”

  58. ExEx says:

    12:47 He was, but he was also able to make deals and govern. Some of the deals are, in retrospect, less than perfect. Clinton was also a Rhodes scholar. Unlike trump who was/is a complete imbecile.

  59. Libturd says:

    Left. I can’t stand the establishment Dems. But I do find the expansion of personal rights better than the rights desire to take them away.

  60. Libturd says:

    Trump was Rhode Kill.

  61. ExEx says:

    12:41 Nixon was actually a very good President. No lie. He just was a paranoid nut.

  62. Juice Box says:

    This is the way ——-> Remanded without Bail….

    He will violate the terms of his bail. One tweet or speech or social media post is all it takes these day’s to become a guest of New York county awaiting trial.

    Most guests of New York county awaiting trial used to end up at the Manhattan Detention Complex aka the Tombs. That was closed, and so now they are all shipped to Rikers.

    My understanding is no first class facility at Riker’s.

    NBC News – In-Depth Look At Life On Rikers Island: ‘Hell, Plain And Simple’

    https://www.youtube.com/watch?v=9RQJq1ca7jM

  63. Jjuice Box says:

    Ex – ask the people of Cambodia about Nixon… because he is the very reason why congress passed the War Powers Act.

  64. leftwing says:

    “You guys are all aware that many of you will suffer the same AGI when you sell your home. This has little to do with Gator and my salaries. Those are quite small actually.”

    Point is, no one in the ‘grassroots’ class is ever going to see anywhere close to that number on their 1040. Ever.

    Until and unless you can fully appreciate that – and its ramifications for those specific people – you will continue to insult them as ‘populists’ and clueless MAGAs under some kind of spell.

    And, once you take your NJ blinders off, you are the definition of an Establishment Democrat. I think that quiz that went around even identified you as such, remember you being a bit offended at the result lol.

  65. Juice Box says:

    re: AGI is 850K..Congrats Lib

    FYI – I just read a story about how IBM just finished the IT modernization work with the IRS. Their new AI system is called IRS’s Modernized Pay By eFile Function. (PayMeFu) for short.

    The Biden Admin just turned it up the AI sensitivity to “seek and destroy” mode since they won’t be getting tens of thousands of new armed agents to search under the couch cushions for undeclared income.

    You may be selected for audit by the AI based on the probability that your social media posts and google searches show you might try and abscond to a Central American nation without paying your fare share. So watch out for the official IRS letter and keep those receipts.

  66. Libturd says:

    Cathie Wood highlighted one silver lining of the brutal run her exchange-traded funds suffered through last year: those billions of dollars in losses will help offset future tax bills on gains. {if she has any}

    Totally sounds like Pumps. No wonder he sports a woody for Wood.

  67. Old realtor says:

    Today’s Republicans would brand Nixon a leftwing environmental warrior.

  68. Libturd says:

    “I think that quiz that went around even identified you as such, remember you being a bit offended at the result lol.”

    I swear I was something else. Not establishment, but definitely blue. If you still have that link, I’ll take it again.

  69. Libturd says:

    Does FED announce rate increase today or tomorrow?

  70. Fabius Maximus says:

    Here is a nice diagram of Donnies Stormy issue. Again this will be one of many charges.

    https://twitter.com/AshaRangappa_/status/1638207054299947008

    If the Grand Jury indicts today, it will probably be under seal until the arraignment. That will be worked out with the secret service and will probably be next week.

  71. 3b says:

    Lib: 2:00 PM today.

  72. Libturd says:

    Thanks. You are like the Keeper of the FED.

  73. 3b says:

    Lib: Goes back to my trading and sales days. You could feel the tension on the extraordinary quiet on the trading floor right before the announcement. Of course that was before the touchy/ feely Fed days.

  74. Libturd says:

    Yes, they used to be so unpredictable.

    One of my faves is when the after hours premarket is way down on some kind of news and the clowns invited to ring the opening bell are all cheering as everyone at home watching them and calculating their huge losses.

  75. chicagofinance says:

    25 – let’s see what is said; we get dot plot

  76. 3b says:

    And there we have it, .25 one more hike perhaps? We shall see.

  77. leftwing says:

    Lib, maybe traditional democrat…don’t have the link. Can’t remember mine, but recall thinking for me ‘no surprise there’. So probably fascist [self deprecating joke there for the DHS AI bots].

  78. Libturd says:

    I’m actually more of a democratic socialist. Hence my Bernie love.

  79. Bruiser says:

    Banana, you really want to blow their minds?

    Ask them what demographic is attacking the Jews and Asians in the NYC area that has all the libs up in arms about the hate stoked by Trump…it aint the hooded white supremacists, unless you’re referring to Clayton Bigsby.

  80. Fast Eddie says:

    I see you sentimental, bleeding-heart fools are all agog over no announcement of a Trump indictment yet. The anxiety is killing you all! When will Bragg fall on the sword for the collective cause? It should have happened already!! What’s the delay!! When will the irrational reformists rejoice at another strand yanked from the fabric of a once extraordinary America? We want the transformation and we want it now!

  81. BananaJoe says:

    Yeah, they know who’s doing it. It’s not MAGA people. The FBI has been caught cooking the books so they can keep harassing MAGA. All pat off the banana playbook as the first third world president.

  82. ExEx says:

    3:14 it’s the first a several rest assured. His goose? Coooooked.

  83. Juice Box says:

    Eddie re: “What’s the delay!!”

    Unless the NYPD wants an armed standoff they will not be laying hands on and cuffing the former president.

    Secret Service has requested an armored trailer be brought to Rikers Island so they can continue to guard Trump from any harm. Since he will be on the grounds of the prison he will technically still be remanded into custody and held over for trial.

  84. Libturd says:

    Will be funny to see the orange in orange.

  85. Fast Eddie says:

    Ask them what demographic is attacking the Jews and Asians…

    https://tinyurl.com/yubzceus

  86. Phoenix says:

    Toot-toot. Chugga chugga chugga chugga.

    An NJ Transit engineer who suffered career-ending head injuries after passing out in a locomotive cab with non-working air conditioning that reached 114 degrees in July 2020 was awarded $11.6 million Monday by a jury in a federal labor suit.

    The former engineer, Scott Lupia, 47, of Denville, filed a Federal Employer’s Liability Act suit on Dec. 27, 2021 after he was ordered to operate a locomotive with a broken air conditioner on July 21, 2020. A train master recorded a temperature of 114 degrees in the cab when he reported the broken AC unit, court papers said.

    He was ordered by a chief trainmaster to operate the train anyway, the lawsuit said. Refusing to take train 6659 out would have been considered insubordination and could have cost Lupia his job, court papers said.

  87. leftwing says:

    “…he will technically still be remanded into custody and held over for trial.”

    “Will be funny to see the orange in orange.”

    LOL, are you guys smoking dope? He’s not spending a night in jail…he’ll be brought in through a side door, protected and segregated until arraigned and then released.

    It’s a minor financial crime – literally a bookkeeping dispute – and he is the most recognizable person in the world.

    I still very much think he should force an actual handcuffed arrest and perp walk. If I were him I’d grab a bullhorn in the street or throw up a makeshift stage somewhere public. Flat out challenge the DA to come and actually arrest him, and as a cop comes up to cuff him look him in the eye and say “are you really going to be the one to do this.” Get photos and video. Use them.

    The shame is on the DA, not Trump. Use that. The man revolts me, but tyrannical uneducated political hacks abusing power moreso.

  88. ExEx says:

    Truth is, I’m tired of seeing Trump and now, we’ll have to see him.
    Political theater….

  89. leftwing says:

    Your side is the theater production company, Ex.

    Latest chatter on news channels is that the delay again today is twofold, Bragg having a bit of a hard time at the grand jury getting this upgraded to a felony charge, and he’s apparently coming under strong pressure from both left and right to drop it.

    If so, it will priceless to watch how the Left attempts to try to wipe this egg off their face.

  90. joyce says:

    Do you think the chief trainmaster or anyone else will get in trouble?

    Phoenix says:
    March 22, 2023 at 5:32 pm

  91. Juice Box says:

    Phoenix re: Toot-toot. Chugga chugga chugga chugga.

    Here is his side business Model Trains..

    https://kvmodels.com/about/

  92. joyce says:

    Delaware State Police
    https://youtu.be/RmhMISdcv8w

    Do police officers get any training whatsoever these days? Having said that, even morons know that standing on the side of the road with a sign is legal, giving the middle finger is legal… and no officer, you’re not allowed to grab the person’s sign and rip it up.

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