From ATTOM Real Estate:
Top 10 U.S. Housing Markets with Zombie Properties in Q1 2023
From the Record:
North Jersey office vacancy hits 14-year high amid uncertain economy, report finds
The flight from offices triggered by the COVID-19 pandemic showed no signs of abating in this year’s first quarter, with north and central New Jersey’s office vacancy rate reaching its highest level since the Great Recession, according to a report Monday.
The vacancy rate was 25.8%, nearing the 26% recorded in 2009 in the wake of the global financial crisis, according to the quarterly analysis released by JLL, an East Rutherford-based real estate services firm.
“The first three months of 2023 were overshadowed by macroeconomic uncertainties, which provided headwinds to office demand,” the report said.
That continued the upward climb of the pandemic years. The vacancy rate was 24.5% at the end of 2022, JLL said. The firm cited “restrained demand” as well as consolidations of existing office space. About 1.8 million square feet of space came onto the market in this year’s first quarter, according to the report.
Hudson River waterfront properties saw the biggest declines. The largest deal signed in the quarter involved drugmaker Sanofi’s leasing of 260,000 square feet at the planned M Station West building in Morristown. The company will relocate its operations from Bridgewater in phases during late 2024 and early 2025, JLL said.
“Some companies are still looking to see what they want to do with their workspace going forward,” said Steven Jenco, director of New Jersey research at JLL. “Companies are still trying to feel out their return to office, how much space they’re going to need going forward.”
…
Overall, New Jersey had 168 million square feet of office inventory in north and central new Jersey in the first quarter: 101 million in the north with a 26.8% vacancy rate, and 67 million in Central Jersey with a 24% vacancy rate, according to the JLL report.
first
The flight from offices triggered by the COVID-19 pandemic showed no signs of abating in this year’s first quarter…
How does the U.S. compare with other countries? Is the vacancy rate ~ the same globally?
Mainly an American phenomenon:
https://siepr.stanford.edu/publications/policy-brief/how-working-home-works-out
https://www.cnbc.com/2022/12/01/why-labor-economists-say-the-remote-work-revolution-is-here-to-stay.html
https://nymag.com/intelligencer/2022/12/remote-work-is-poised-to-devastate-americas-cities.html
Fast: Going to the office today for presentation, and lunch, and then home. It’s just about 8:30, and there are 7 cars in the lot. WFH/ hybrid is not going away, those that know, know.
I find it interesting that 29% the top 25% of income earners WFH prior to Covid. What were these jobs?
I’ve been WFH since 2015.
I clean toilets.
Boomer:
WFH = Sales, sales support, etc
I can’t imagine the MTA and regional transit being a bigger cash starved mess than it already is. This receipts shortage and its eventual effects are on a collision course with congestion pricing, which is coming in 3Q24.
With any luck, I won’t be around here by then.
“…was straight edge. College is where i went hard experimenting.”
“To each their own. YMMV.”
There are a few narrow cohorts, some stereotypical, where imbibing is not really practiced. If one is an average born and bred suburban family and believe their HS children are not experimenting they may be part of that very small percentage who don’t or much more mathematically likely, around 4x more likely, there is a blind spot.
And, I can assure you with 100% certainty, that experimentation goes beyond substances much further than you would think. What we would consume and do, and more surprisingly take a pass on doing, in college may not be rampant in HS now but is certainly ‘not uncommon’. 14 is the new 24. Especially for girls.
Sounded a little judge-y on Lib last night in here. Everyone can only parent their own unique children to their own unique goals.
Me, I grew up where the sum total of alcohol in the household was a six pack of specialty beer…no hard alcohol, no wine. Lived pretty much the same way, ironic given the line of addiction on the other side of my kids’ family. To the day I left NJ if you just dropped into my house I couldn’t offer you a cold beer or anything on the rocks, didn’t have any (although I do have a fairly selective wine collection from which I uncork a few bottles annually).
I followed more Lib’s model, get in early with my kids to define the topic on my terms…I shared with them the *cultural* experience of drink…ouzo in Greece, absinthe in Czech Republic, Tokaji azsu in Hungary, domestic vodka in Russia (only time hard liquor), etc…Spent some time with them on wines, they understand the differences between whites and reds, and can even acknowledge differentiation (although likely not enunciate) among, say, Brunellos, Cali Cabs, and First Growths. My oldest can debate you on the merits of Citra vs. Galaxy hops, and dry hopping vs. cryo.
Overall, what I imparted was that the drink was the experience, not the endpoint.
I think it worked for my kids – underscoring the ‘my’…that car full of bright faced Junior girls keeping hydrated with their bottles of Poland Spring waving at you from the curb on Saturday evening? Full of shitty vodka. My oldest, the one whose housemates couldn’t whip the bong out quickly enough when I greenlighted it was eight semesters of various honors/laude at a serious engineering school majoring in CS, but had some ‘fun’ in HS. Another child, became somewhat comical, he was more social but started arriving home earlier than his friends on weekend nights – admittedly a few beers in – and when I asked what’s up as he plopped on the sofa with me in front of a West Coast game he would simply say ‘I can’t drink the shit they drink in the quantities they drink’.
On cravings, I can write that book just as well as anyone. While my kids don’t have any memory of the addiction in their family, they know it is both generational and altered irreparably their family structure and who they are. Had very open discussions with them on that topic, very young, emphasizing that when they are out with their friends and everyone is having drinks, that drink will hit their brain very differently than their friends and they need to be acutely aware of that fact and act accordingly. Throughout their lives.
What’s best for each person’s children depends on who you are, who your family is, your family’s backgrounds, your personal endpoints, and how you best think you can get your unique children there. In other words, different for everyone.
Customer support… sure. Sales, also doable from home. Except CS isn’t top 25% and while sales can be, I imagine at the top end there’s a lot of travel and face to face.
Oh, forgot, my wife’s SaaS company is completely distributed and has been for 15 years now. So I guess some percentage of tech folks were always WFH. Hmmh.
“I find it interesting that 29% the top 25% of income earners WFH prior to Covid. What were these jobs?”
Likely client facing…comp will be higher there than in cost center/support roles and those employees always needed to be on the road maintaining relationships and pitching new business…
I agree, and wrote as much above, but “mostly on the road” is not the same as WFH. If you’re back at HQ once a week or less, that doesn’t mean you’re working from home the rest of the time.
LOL, I must have been typing when you were posting…agree…would suggest though the data may be influenced by new definitions….pre-covid ‘mostly on the road’ would not have been deemed WFH, but if people are cutting data now looking back there is little appreciable difference between the two….the guy who was in the office five times a month in 2019 may be classified as WFH now for purposes of that study…need to pull back the covers and see how they cut the data…
You’re right, let’s leave this questionable data at the curb. Moving on, I think we can all once again reflect and agree just how [expletive] insightful your musings were on house/home and a healthy base level for your people. Well said!
your = younger
I manage a team of 4 in the New York area all who work from home. I have a dotted line to teams in both Coimbatore and Chennai where I manage the work and process, but not the individual people (thank god). They are all back in the office, but there it makes a lot more sense then here, especially considering how frequently power outages occur in their homes. The offices have backup generators, shared terminals, etc. Only two people out of 1,000 have their own offices.
Once a year, I do lunch with my employees at a place they choose, in person.
I try to get into our Union Digital Print Plant, which I continue to automate, about once per month. It is my least productive day, though those who are not organized tend to lob their problems they need my assistance with at me only when I am in the plant. I can’t stand that and remind them that I can help them remotely just as well. But, these are the WFH deniers (they chose to work from the office).
Woke entitled movement combined with bubble labor market…simple as that.
Libturd says:
April 4, 2023 at 7:45 am
Mainly an American phenomenon:
10:57 woke? SMH
Ex,
I am just calling it like I see it. You have servers that demand 20% min tip now….entitled workers out there right now. Everyone and their mother demands a tip like they did something special for you…
Woke seems to be the new term for anything someone doesn’t agree with.
Pumps, I noticed you tend to extrapolate your personal experiences to entire populations.
PumpHead We’ve been over this over and over again. Field sales….a job that I held for years was always home-office based. We got laptops and eventually cell phones, and we were off to the races baby. Making money, golfing at 3:00 on a friday. Life was pretty good in the field. I’d go back. Meanwhile, you are stuck in a classroom day in and day out. This will adversely affect your mental health. Especially if every day is the first day of school for the kids.
Lib, we are fight the deniers, will be going to 4 days every other week. The office our group is in has to VPN into our production facility. It’s like commuting an hour then working remotely, makes no sense. So I have an 11hr day door to door but the company is only getting 8. When working remote I always put closer to the 11 than than 8.
I am just calling it like I see it. You have teachers that demand a pension….entitled workers out there right now. Everyone and their mother demands a pension like they did something special for you…
Pension is awesome. Funny story. When I took my teaching gig in 2003 (NJ) I knew nothing of the terms of the pension. Front office people laughed at me and sat me down explaining it. The principal there had been in the system for over 30 years as had much of the other staff. They had all accrued pensions higher than their salaries at that point.
In reality that is rare. Most pensions are smaller and barely cover expenses. To qualify for a big fat pension you have to basically go to college and then begin working for the State. Then stay with the State for a long long time. They are not rewarding performance here, they are rewarding longevity.
So, when I left NJ, and believe me, teaching there was not easy. I wasn’t in a cushy suburban high school, but rather one that had real challenges. Not as bad as Pump’s but not an easy job. I took an early retirement so I can start collecting at 60. It’s great to know that I can always have a modest cash flow in addition to anything else that I do. Would I do it again? Absolutely. I tried the Tech world and did two IPOs during my time. Neither one bore fruit. So theres that. In the end it’ll be teaching that pays into my old age.
Just want to clarify – there are home based workers. I see countless people who got ok for this during pandemic then left for cheaper life in other states. It is shocking really as now local SME pool has shrunk. WFH is a policy, nothing more. You are not perm home worker and expected to be in local office if policy changes. People now was home worker distinction. Time passed for that one. Leverage has been lost with crappy job market
One last note, if anyone remembers F’edCompany website? It was fun to read and covered a lot of gossip from NYC and CA tech worlds. Philip Kaplan was the website’s owner. It was there I remember reading all of the travails in technology and all of the heartache. Someone said….we know things are bad when “teaching is considered a good option for employment”! Things were bad and about to get worse. Teaching and eventually tenure brought a lot of job security through the economic meltdowns that followed.
VLY down 10% in three trading days….chi, grim, hope you jumped in the pool too….
Boomer, TY on the compliment and right back at you…
Also when I ‘argue’ or take a contrary stand I’m not being difficult, I really like debate and it is a discovery process for me…at the very least keeps *me* honest, even better frequently over my IDK fifteen (?) years on here that process has really helped me with my kids, investments, etc.
So thank you…
I work for a global company, have always worked for large global companies.
On any given day, I am meeting with individuals around the world, it’s not uncommon for me to have meetings with internal groups at least across 4 or 5 different countries. If you mix in client and prospect meetings, that would likely include groups scattered throughout North America and Europe.
This concept of some kind of centralized operating location makes no sense to me. I hear comments about culture, innovation, etc.
I fail to see how this is relevant to large-scale organizations. I’m specifically tasked with driving innovation and transformation, a focus area where people would be adament about centralization in person, the reality of that is, the business simply doesn’t operate that way, in fact, we’d be far less effective.
Update on the offer I submitted for my buyer. House listed in Ridgewood last Friday. Highest and best due this morning. Ask $725,000. There were 27 offers. We offered $761,123. Seller accepted above $900,000. House was in good condition but no recent big ticket updates. Charming old home with fireplace, front porch, det garage, 3 bedrooms and 1.5 baths. Excellent location. Total GLA 1829.
Lol
“After much speculation about whether a gag order would be imposed on parties in the case, one was not requested during the Trump arraignment — and the judge presiding over the case said he wouldn’t have granted one if it had.”
Alvin Bragg is a clown.
Trump family makes me gag.
“Ask $725,000. There were 27 offers…Seller accepted above $900,000. House was in good condition…3 bedrooms and 1.5 baths. Excellent location. Total GLA 1829.”
Wow. So happy I’m not dealing with this market right now. That’s insanity. $475 per ft2.
I find it hilarious they did not ask for a gag order. All speculation said they would, any regular person who tweeted about a Judge would certainly get at least a warning.
Don’t initiate fights you need to go all-in to win unless you’re will in fact to go all-in….judge issues a gag order, you know DJT is going to violate…if you’re the judge then what do you do?
Jail him on contempt, lol? Or not, and he literally just flagrantly undercuts your authority?
Lose-lose for the judge.
He’ll still be on a bench when Trump is pushing daisies, what does he care if DJT pops off now. Especially when his name comes up for higher appointments…
Apparently the next hearing date is Dec 2023, lol.
Jail comes after warnings and fines. It is not the first step. Gag orders are common in high profile cases.
What case can possibly be higher profile than this one?
“When the Fed spiked interest rates from ~0 to ~5% over the past year, it had 3 main effects:
1. Undercut value of bonds, especially long-dated bonds.
2. Made lending more expensive, particularly for large purchases like real estate that have to be financed.
3. Increased government borrowing costs.
These effects are just math and have to play out through the financial system. I think they will roughly correspond to the 3 stages of the financial crisis we’re in:
1. Small/regional bank crisis precipitated by unrealized losses on long-dated bonds.
2. CRE crisis precipitated by credit markets seizing up for new loans and impairment of existing CRE loan portfolios (which are also unrealized losses).
3. Government debt crisis precipitated by spike in debt service costs at federal level, budget deficits at state and local level, and sovereign debt issues at international level.”
There were 27 offers. We offered $761,123. Seller accepted above $900,000.
Holy crap!!
You see, 3b. Low rates or high rates, it doesn’t matter. It’s about supply and demand. I told you a decade out that this would happen based on demographics and supply. I was dead on. Was yelling and screaming to max out free money to buy beaten down real estate that you claimed was expensive while I was calling it a value.
Now here comes Face to make an ignorant comment about what real estate I bought. Well, if I didn’t have a wife holding me back…would have prob bought 3 or 4 multi’s over last decade. Marriages sometimes hold you back big time.
Old realtor says:
April 4, 2023 at 4:12 pm
Update on the offer I submitted for my buyer. House listed in Ridgewood last Friday. Highest and best due this morning. Ask $725,000. There were 27 offers. We offered $761,123. Seller accepted above $900,000. House was in good condition but no recent big ticket updates. Charming old home with fireplace, front porch, det garage, 3 bedrooms and 1.5 baths. Excellent location. Total GLA 1829.
re: “if I didn’t have a wife holding me back”
She is in real estate.
You need to Go and beg for forgiveness and stop trolling.
A larger home 3 doors away closed July 2022 for $750,000. Entire market in most desirable north Jersey towns has detached from reality due to lack of inventory.
re: “Apparently the next hearing date is Dec 2023, lol.”
Yeah how many motions to dismiss? Judge us going to take a nice summer to think about them.
6:15 and yet, if you are in at 4% or less….you’re not moving. Not unless you have to or go to a super cheap place…
A super cheap place in the current USA is a red state.
Coincidence? Well they’re the ones NAFTA hit hardest.
Homes haven’t appreciated much. The weather isn’t the best usually.
6:04 I know when you say holding you back you mean….showing restraint.
I dunno bro. After listening to and watching lib, I’d be really picky about buying multis.
I still like retail down on street level and apts. up top. That’s my dream.
“Jail comes after warnings and fines. It is not the first step. Gag orders are common in high profile cases. What case can possibly be higher profile than this one?”
Don’t disagree.
But my point still stands and is not in conflict with your statement….if you want to see how someone will act, especially in high profile (ie, high risk) situations, look where their self interest lies….
Run your scenario….so the judge warns him three times, fines him $1m, then $2m, then $5m…and he doesn’t stop.
Will you lock him up?
Of course the judge won’t, it’s wildly against his self interest and all he’s doing by picking a fight he won’t finish is diminishing himself.
Let DJT run his mouth, again, what does the judge care. He’s docketed it for eight months out, a lifetime, when all the real mudslinging comes in from DJT and Bragg on motions over the next three seasons toss them to some clerk and split the baby if you actually have to rule on something.
He engages in that gag order fight it’s lose-lose for him professionally and politically.
Sometimes it is better to keep your head down in the foxhole.
left: I am unexpectedly working on a tuck in….. so funny looking at these business valuations…. they are all such a sack of crap, but it does me no good being a jackass. I could go all Chicago on them, but again, why be a jackass? I will just move the chess pieces to the correct locations.
Amazing how these dot connectors throw out analytics to justify something, but it’s obvious to me the price is the price, and they just reverse engineered 3 or 4 different metrics as if it proves something. Again, I will just nod to myself…….. let’s see where this goes…..
leftwing says:
April 4, 2023 at 12:11 pm
VLY down 10% in three trading days….chi, grim, hope you jumped in the pool too….
fines him $1m, then $2m, then $5m
Happened in his last case. I think it was $10K a day and he folded in a fortnight.
https://www.cbsnews.com/news/appeals-court-rules-trump-must-pay-110000-fine-for-contempt/
Traitor Tot posted out a picture of the Judges Daughter. What a dumb move. Why would you do that. There is a good (non-zero) chance that you will face that judge at some point.
Great day overall. Highlight was MTG slinking back under her rock.
Old: Detached from reality, that says it all.
“…they just reverse engineered 3 or 4 different metrics as if it proves something…”
LOL, that’s the best investment banking associate training multiple six figures annually can buy…
‘We are pitching a big junk deal, why are we number eight in the league tables in the deck?.’ Because we suck, we haven’t done one in the sector in six months. ‘Does not matter, find a way to make us number one’. Uh, OK.
‘Deal price is $800m, commitments committee signed off us doing the fairness. Pumped’. Uh…it’s not worth a dime over $500m. ‘Does not matter, use NVIDIA comps.’ Uh, it’s a manufacturing company. ‘Does not matter, Snowflake too.’ Uh, OK.
You repping buyer or seller, sounds like buyer.
If it’s a done deal, check the boxes, take the check…just make sure you have the right exculpatory language in your engagement letter lol.
That house clearing at that price is mind boggling…about 100 years old so it’s severely limited in what you can do to expand, nearly no backyard, tiniest outdoor ‘entertainment area’ of a single table next to the driveway, a detached garage, kids’ BRs so small the beds need to be jammed in the corners, EIK only because a tiny table is jammed against a wall next to a door with three chairs, and only one full BA….
Buy it around the original ask in a low rate market where the monthly is all-in $3k or so, fine…
But the above ‘amenities’ at nearly a million dollars? You have to be banking on someone taking you out, because if you pop a third kid or the first two turn 10 and 8, you’re screwed. I mean at best at this level your DP is dead money, no? And who is going to come into that same configuration at a higher price and take you out?
Yea, that’s prime real estate.
Yes, she didn’t want the headache. Owning a multi is not passive, but it’s damn good money. Whoever says landlording is easy….full of it.
ExEx says:
April 4, 2023 at 6:52 pm
6:04 I know when you say holding you back you mean….showing restraint.
I dunno bro. After listening to and watching lib, I’d be really picky about buying multis.
I still like retail down on street level and apts. up top. That’s my dream.
She cost me a lot of money with her conservative approach. It is what it is. Past is past. Tomorrow is all we have. Not backing down on DNA. Actually going to buy more this week. Decided to aim for a 20-30k share position now. Longer is stays in this rut, more i will increase my position.
My ETH position looking nice.
Juice Box says:
April 4, 2023 at 6:14 pm
re: “if I didn’t have a wife holding me back”
She is in real estate.
You need to Go and beg for forgiveness and stop trolling.
Pumps – stop lying, you have not bought any property since you bought your home.
And you are no where near conservative, as you live in New Jersey.
“Remote Work Is Winding Down—Just Ask Zuckerberg
“Our hypothesis is that it is still easier to build trust in person and that those relationships help us work more effectively.” Zuckerberg wrote on Facebook.”
https://gizmodo.com/meta-instagram-remote-work-work-from-home-facebook-1850287137?
China, Russia, Saudi Arabia, Brazil and a few other countries are teaming up to ditch the U.S. dollar and form an alliance. Concerning? Nah. Can’t touch us, right? Let’s talk about Trump.
Now this is funny, well, to me anyway. Take five and give it a shot. Might make you spit out your coffee.
https://youtu.be/hq0BrSyYIM8?t=2
chi, the movement on these 10s….
Good morning. Suddenly, it seems, hardly anyone wants to buy an apartment building. The previously red-hot multifamily sector cooled off, thanks to plateauing rents, rising interest rates, and the regional banking crisis. Investors purchased $14 billion of apartment buildings in the first quarter of 2023, according to preliminary CoStar data, a stunning 74% decline in sales from the same quarter a year earlier. Will Parker explains why this dropoff is the biggest since the subprime crisis.
In Florida, the process of complying with new state rules to improve the structural integrity of older buildings is causing financial hardship for many condo owners. Special assessments can run to six figures. To alleviate the situation, Miami Dade County is providing interest-free 40-year loans to qualifying homeowners. Deborah Acosta has the details.
Elsewhere in the Sunshine State, Major Food Group, the proprietor of trendy Manhattan restaurants like Carbone, is getting into the Miami residential real estate business with a pair of local developers. Kate King explains how this collaboration is the latest example of landlords teaming with high-end restaurateurs to sell condos, drive up office rents or boost foot traffic for nearby retail properties.
—Craig Karmin, Real Estate Bureau Chief
9:32 you aren’t the sharpest tool in the shed, Gary.
Added more DNA….15,245 shares at avg cost of 2.05. Bought at 1.22 today. DCA is a beautiful thing. Love buying some “blood in the streets.”
lol, she cost you a lot of money by not letting you bet your homes equity on tech while it was in free fall. Seems like she saved you a few hundred thousand.
Time will tell if I am making a good move or not. Save the bashing during the bear market.
You see, if I had it my way, I would have never bought the single family home. Would have kept leveraging into multi’s last decade while living in one of them. It is what it is. That is what comes with marriage. Give and take.
As income inequality increases in America, the closer we become to a third world nation.
This time they bagged a rich one.
Technology mogul and dad dubbed ‘Crazy Bob’ who founded CashApp was stabbed ‘multiple times’ in the early hours after extending a business trip to San Francisco: Elon Musk calls to lock up repeat violent offenders
The dad-of-two was stabbed multiple times outside of a high-rise building in Rincon Hill
Bob Lee created popular brands Cash App and Android, as well as investing in Elon Musk’s Space X
San Francisco Police have not yet made any arrests in connection to the murder of the tech mogul
Technology mogul and dad dubbed ‘Crazy Bob’ who founded CashApp was stabbed ‘multiple times’ in the early hours after extending a business trip to San Francisco.
Alvin Bragg reduces felonies to misdemeanors in NYC. One of his associates was bragging about the “get out of jail free” cards Alvin and crew were handing out.
Meanwhile, in Chicago, they replaced one progressive mayor with another progressive mayor. First order of business? Raise taxes.
You’re correct, Phoenix. The populace is cashing in and selling out. Ask not what you can do for your country, ask what your country can do for you.
And in Wisconsin, they said “yay” for a hard-left candidate who is all for the freedom to murder babies and show compassion to repeat felons.
Damn, that’s a sad story with that murder. Maybe this will rock the hornet’s nest and wake up the politicians to the reality of “bad people.” My school admin does the same damn thing….in denial. They constantly claim they are all good kids…yea, sure they all are.
Illinois plates are the most common out of state plates I see in DFW area.
As long as they keep their bullshit failure inducing liberal politics in the domicile they are fleeing…
Pumpkin, good for you for starting to step up to your convictions, whatever they may be. GL.
Thanks, Lefty. If I lose, I lose, but I am going after what I believe in.
11:39 Illinois property taxes have been rising substantially to bail out a bankrupt state with a massive pension overhang.
What the serious fuck is going on with the curve?
Says the guy who has been falling for one hoax after another for the last seven years.
“9:32 you aren’t the sharpest tool in the shed, Gary.”
The only choice in these cities is to gtfo. Been that way for a few years, nothing has changed. Look who they elected in Chicago, same as the last person. Hand the streets over to the criminals and the schools over to the union. 100% chance of failure.
OOOkay Gary
I think I hear your mom calling you for lunch “joe”….
the provocative conclusion of Michael Podhorzer, a longtime political strategist for labor unions and the chair of the Analyst Institute, a collaborative of progressive groups that studies elections. In a private newsletter that he writes for a small group of activists, Podhorzer recently laid out a detailed case for thinking of the two blocs as fundamentally different nations uneasily sharing the same geographic space.
“When we think about the United States, we make the essential error of imagining it as a single nation, a marbled mix of Red and Blue people,” Podhorzer writes. “But in truth, we have never been one nation. We are more like a federated republic of two nations: Blue Nation and Red Nation. This is not a metaphor; it is a geographic and historical reality.”
Chicago (aka Chiraq) is a very sad case. It’s a beautiful city; the birthplace of the skyscraper, it’s littered with important buildings from many of the world’s greatest modern architects, has world-class museums, and Lakeshore Drive has to be one of the world’s most perfect urban routes. And though it’s politics has always been corrupt, the old-school Daley Dems knew how to make things work, and made sure their city was neat as a pin. The modern Dems bear no resemblance to that; like modern Dems everywhere, birthed by Oblama they’re nothing more than radical score-settlers who could care less about good governance and the health of their municipality. If nothing changes, Chicago will absolutely become Detroit 2.0.
On a personal note, in 2012 I was deciding between purchasing a condo in south Florida and one on Lakeshore Dr in Chicago’s Hyde Park neighborhood. Believe it or not, it wasn’t an easy choice because as I said, Chicago is beautiful and Lakeshore bounds neighborhoods that are the epitome of urbanity. The two-bed Chicago condo, in a Mies van der Rohe-designed building, was $129, 000 at the time — it’s probably worth less than that now.
Unless you really like cold weather Chicago is a no-go.
It’s been on a development tear. Betcha that condo has a healthy HOA monthly.
World class city, terrible weather.
It pains me to post that the below opinion is spot on.
Also, driving through Woodlawn from the Dan Ryan in December 2021………. the friggin’ place was trashed…..
SmallGovConservative says:
April 5, 2023 at 2:13 pm
Chicago (aka Chiraq) is a very sad case. It’s a beautiful city; the birthplace of the skyscraper, it’s littered with important buildings from many of the world’s greatest modern architects, has world-class museums, and Lakeshore Drive has to be one of the world’s most perfect urban routes. And though it’s politics has always been corrupt, the old-school Daley Dems knew how to make things work, and made sure their city was neat as a pin. The modern Dems bear no resemblance to that; like modern Dems everywhere, birthed by Oblama they’re nothing more than radical score-settlers who could care less about good governance and the health of their municipality. If nothing changes, Chicago will absolutely become Detroit 2.0.
On a personal note, in 2012 I was deciding between purchasing a condo in south Florida and one on Lakeshore Dr in Chicago’s Hyde Park neighborhood. Believe it or not, it wasn’t an easy choice because as I said, Chicago is beautiful and Lakeshore bounds neighborhoods that are the epitome of urbanity. The two-bed Chicago condo, in a Mies van der Rohe-designed building, was $129, 000 at the time — it’s probably worth less than that now.
Mexicans…… 35 to 44 to OKC
Hold my beer says:
April 5, 2023 at 11:39 am
Illinois plates are the most common out of state plates I see in DFW area.
55
left: from last night regarding IB sales cycle…..
My friend was at Citifield guest of Salomon (can’t say Citi) in the suite. He invited me (more than 15 years ago) because he knows nothing about baseball, and I create an odd unpredictable dynamic so that amuses my friend. This happened after I was out of the Corp Fin game. Anyway, I start screwing around because I knew the head of their high yield desk from all the debt tenders we executed at AT&T. So I start in with this conversation about my friends’ company taking out the bonds from the target they just integrated…… so blah, blah, blah, beers, etc. Then I do the ninja move, “so you know Will’s is an EDITDA company, so you aren’t doing anything as stupid as pitching the tender as NPV positive because of the PV of the debt……. I swear, the bankers were like “Oh shit that’s right!”….. and the Treasury guys were like “huh?”
I am here all week. On Thursdays try the fish.
A report from Maryland Attorney General Anthony Brown released Wednesday alleges 156 Catholic clergy members and others abused at least 600 children over the course of more than six decades.
“From the 1940s through 2002, over a hundred priests and other Archdiocese personnel engaged in horrific and repeated abuse of the most vulnerable children in their communities while Archdiocese leadership looked the other way,” the report reads. “Time and again, members of the Church’s hierarchy resolutely refused to acknowledge allegations of child sexual abuse for as long as possible.”
The report’s list of abusers includes clergy members, seminarians, deacons, teachers and other employees of the Archdiocese.
ExEx,
That’s where all of the money the Catholic Church pockets goes, the money they get from annulments where they “spiritually” clean the oozing pus filled souls to wipe them clean and make them “pure” again.
Hopefully some of the money actually makes it to the victims.
chi, lol.
phoenix, I’ve been toying with the idea of an annulment, you have to pay them?!
YouTuber who’s “career” is to prank and harass the general public is shot in the abdomen. Lucky he survived.
Comments on YouTube” Tell me a court that says shooting someone for pranking is legal.”
Well, not everyone cares about the law. Like the one that just clipped his wings.
How about getting a WFH job, prankster.
He came close to getting a tombstone that says ” he wasn’t legally allowed to shoot me.” Fuck around, find out.
Eejit is bragging how he is going to get right back up on the wagon. Guess he likes to roll the dice.
LW,
Ex did. Know someone who went in front of the same priest. 4k is the going rate in the Catholic church in order to sand, prime, and paint your soul with 7 coats of DuPont titanium dioxide infused Spiritual White #331. For an extra 2 they will clear coat and wet sand it as well.
Catholics have an out for marriage, here are 4. The church selected #2 for our annulment. Effed up since I didn’t marry a child- she was in her late 20’s. I guess a female in her late 20’s isn’t considered mature by the Catholics.
I proved she cheated, was a racist, and a child abuser. She paid, and off to the paint booth went her soul. It’s rusted inside however, and like a car with a rusted frame it will eat through the pious paint they coated it with. You cant’ fix that.
Some common reasons for annulment in the Catholic Church are:
1.At least one partner didn’t fully & freely consent.
2.Someone wasn’t mature enough to understand the full extent of what they were doing.
3.There was never intent to be faithful.
4.One or both partners did not intend to be open to children.
LOLOLOL. Can’t make this up.
https://www.msn.com/en-us/news/crime/stormy-daniels-must-pay-122-000-in-trump-legal-bills/ar-AA19u1g1?ocid=msedgdhp&pc=U531&cvid=9ad073027ca2468aa50db77f5a9ed79a&ei=15
40-year mortgages have been approved by the FHA (Federal Housing Administration) to make it easier for first-time home buyers to enter the market.
This move aims to reduce monthly mortgage payments, which have risen 30% in the past year.
A 40-year mortgage can lower monthly payments compared to a 30-year mortgage, but it also adds more interest over time.
Kick that can, bitches.
The only thing great about you is being an a-hole. Plenty of young people don’t deserve this.
The Great Pumpkin says:
April 5, 2023 at 10:51 pm
Kick that can, bitches.
America can’t get anything right. Guy is lucky they didn’t ventilate him.
“Delta Air Lines pilot is mistakenly handcuffed, shoved in shower and interrogated for more than an hour – after FBI and DOD agents broke into the WRONG hotel room during training exercise
FBI and DOD agents knocked on the room occupied by a man – a Delta Air Lines pilot according to WBZ – in the middle of the night and burst in, holding the man in cuffs for 45 minutes before they realized their mistake.”