‘Snooki’ Strikes Gold with Stunning Secret New Jersey Waterfront Flip
Did you know that Nicole ‘Snooki’ Polizzi had a waterfront vacation home in Brick?
Most of us knew about the home the couple purchased in Toms River (tour below.)
We now have proof that she and her husband Jionni LaValle are legit house flippers.
The New York Post reported that the two purchased the Brick property at 112 Alhama Drive in November of 2015 for $370,000.
This was a fixer-upper that was damaged badly by Superstorm Sandy.
There was a quick nine-episode series on FYI that documented the construction called “Nicole and Jionni’s Shore Flip.”
The water damage was extensive. The home also needed a new deck, plumbing, and a fresh coat of paint in virtually every room.
How did this venture work out for Snooki and hubby? Really well.
They nearly doubled what they paid for the home. The listing has a selling price of $740,000.
It’s not easy for Snooki to do anything on the DL, especially here at the Shore.
But, well done to her and Jionni for keeping the sale of the refurbed house quiet.
Why are we just finding out now? The couple listed the home with the help of a realtor and it didn’t appear on real estate sites like Realtor.com and Zillow when it was up for grabs.
Curious what y’all think about what was invested into that pre-sale.
Not sure sure this was the slam dunk it was made out to be.
Donnie is flying to Scotland and Ireland to “visit” his Golf Clubs just as the motions are flying under seal in his rape trial. What is the over/under on his stay?
0 – doesnt get off the tarmac as a flight risk
0 – doesnt land, carries on to Dubai or Moscow
A few days – the trip is legit or a trial run.
A few months – he likes the weather.
A few years – Extradite me!
JPMorgan Chase takes over First Republic after it’s seized by regulators
Regulators took possession of First Republic
on Monday, resulting in the third failure of an American bank since March, after a last-ditch effort to persuade rival lenders to keep the ailing bank afloat failed.
, already the largest U.S. bank by several measures, has acquired all of First Republic’s deposits and a “substantial majority of assets,” according to a release.
Since the sudden collapse of Silicon Valley Bank in March, attention has focused on First Republic as the weakest link in the U.S. banking system. Like SVB, which catered to the tech startup community, First Republic was also a California-based specialty lender of sorts. It focused on serving rich coastal Americans, enticing them with low-rate mortgages in exchange for leaving cash at the bank.
But that model unraveled in the wake of the SVB collapse, as First Republic clients withdrew more than $100 billion in deposits, the bank revealed in its earnings report April 24. Institutions with a high proportion of uninsured deposits like SVB and First Republic found themselves vulnerable because clients feared losing savings in a bank run.
Agree, how do you take 6 years to flip a house and have it end up being profitable?
Good news is all the rich people moved their money now, so they are safe from bank runs for now.
“68 percent of First Republic’s deposits were uninsured — meaning they were above the FDIC $250,000 limit — a higher rate than many other regional banks.”
Snooki must be low on cash and has to make the rent. They live in Florham Park.
She has three retail locations store is in downtown Madison, Seaside and Beacon NY. Not bad considering few credits on TV recently.
We should kidnap Clot and drop him off at one of her shops.
Proud to say never watched Jersey Shore but it lead to one of best SP moments ever:
Juice: I was at clot’s shop in the PRI, but too early and they weren’t open yet.
I love the fact that he is steps from a homeless shelter. It is so clot.
86% probability New Fed Funds Rate of 5.00-5.25% on Wed.
Are you saying that Donnie Orange is pulling a Michael Jackson’s just in case Dubai trip?
I can only see it if he’s bring a multi-year supply of orange tan spray. As you know the Irish and Scots don’t tan well.
I think the Fed’s magical control of interest rates is about to go out of the window. I think we are going to default and is going to throw the financial markets into wild fluctuations. But more importantly is going to add a lot of fuel to the fire of de-dollarisation that a sizeable chunk of the south of the equator and BRICS have been making noise about.
Once it starts slowly moving that way, the Fed will have to keep rates above inflation and inflation will be set by trade deficit’s demand for dollar creation to pay for foreign purchases.
I hope not. But when looking logically I can see a default and the GOP winning POTUS in ’24 by cheating. But by the time they take office they’ll be facing the currency economics of a 1970’s Mexico, Spain or Italy. In short ideologically driven populist authoritarian governments with high trade and budget deficits with a currency that lost a lot of seigniorage which are going to print away to stay in power
Guy from Apollo Mgmt on Bloomberg saying everything bought prior to the interest rate run up is worth LESS. Office space a big concern.
Charlie Munger has warned of a brewing storm in the US commercial property market, with American banks “full of” what he said were “bad loans” as property prices fall.
The comments from the 99-year-old investor and sidekick to billionaire Warren Buffett come as turmoil ripples through the country’s financial system, which is reckoning with a potential commercial property crash following a handful of bank failures.
“It’s not nearly as bad as it was in 2008,” the Berkshire Hathaway vice-chair told the Financial Times in an interview. “But trouble happens to banking just like trouble happens everywhere else. In the good times you get into bad habits . . . When bad times come they lose too much.”
Picked up some PNC long, buffered by some option writes. Like it for a few reasons for at least a ST trade, vol was high, and it can nicely pair with my 1/2 remaining short on VLY which is behaving very nicely today again.
Need to be careful, with still some residual VNO long I’m probably where I should be in overt exposure to CRE.
Notice to market: sub 16 VIX? Fuck you!
Pumps, I gave you my tech plays years ago. You didn’t want to hear it. I told you semis. They ran and gained more than every other sector, it got overvalued like the rest, so I bailed and even shorted. Then, they already recovered faster than everything. It’s still an evolving industry, the demand is huge, and they already make money. IMO they are overvalued, but that was the sector you wanted to be in. You didn’t have to hope and pray. Being in the index like SOX or SMH alone was enough to get the big gains.
I watched the first couple of seasons of Jersey Shore. To be honest, they totally struck gold with that cast and putting them in Seaside just let everything play out perfectly. It was hilarious to watch…but at the same time, you also had to be aware that you were watching the opening stages of the decay of society.
Got my first $250 monthly interest from my iPhone bank account
11:32 people have been stupid for centuries.
TV and social media just amplify and even celebrate the ignorance.
“The dumbing down of America is evident in the slow decay of substantive content, a kind of celebration of ignorance.” Carl Sagan
The poster child: https://youtu.be/Vpdt7omPoa0
The dumbing down part is very visible in the last few shows of Succession. I think is intended to be part of how the characters are developed and expressed.
If you listen carefully, you’ll notice that the vocabulary of the 2 male siblings (Kendall & Roman) trying to keep control is very Beavis & Butthead teenage like, not far removed from Trump like vs the full business like adult vocabulary of everyone else in the show.
BTW – Carl Sagan’s Cosmos blew my 13 y/o mind in 1981 on Ch 13. Because of it, when I saw ET in June ’82, I understood it at a deeper meaning than most of my friends.
Never watched Suck’session the travails of rich powerful families holds zero interest to me personally.
but Barry was a mind blower last night!!
Got my first $250 monthly interest from my iPhone bank account
Saw the bank statement update as well.
If you want to really get depressed, look up any interview on Carl Sagan about the integrity of the scientific community and the scientific process and see how we completely abandoned it for group think the past 5 years.
The left is electing vegetables all over the place and is just fine with that. They’re substituting indoctrination for education, and are abandoning standards as quickly as possible. Equity is the new euphemism for dumbing down. One side is clearly embracing decline.
2:22 laughable when the bottom feeder seeks the high ground.
Ex: I was in a Krispy Kreme near Scranton yesterday. Right off I-81 and the top of the Penn Tpke Extension….. couple walks in and the husband is wearing a Trump 2024 hat. It is not that big a deal other than simply “why?” It occurred to me that I have never worn anything political in my life, no bumper stickers etc…. What is in the water? Did I miss the memo?
I keep a Mondale Ferraro sticker on my 73 pinto…j/k
Yeah the whole brainwashed identity politics thing is boring.
I can’t even.
Ruh Roh Raggy
Park ranger spent 300 hours at N.J. home when he was supposed to be on patrol, officials say
Breaking: Nasal Yellen pulls debt limit deadline forward to June 1st.
I frantically signed on to Treasury direct to make sure all is coming due before then.
A sign of the times:
2 days on Zillow, 1,361 views, 42 saves.
4/29/2023 Listed for sale $869,000+23.5%
4/28/2023 Sold $703,649+0.7%
On Ts, grab some bills leading into those dates….USG is not going to default but you may get some weird markings which mutual funds can’t have (can’t break the buck) so I would expect to see a ‘bulge’ in rates around then as they step back from the market.
Run toward this fire.
So seems our local shyster has determined that an unprofitable specialized call center is not only innovative (ARKK) and a genomics company (ARKG) but is now a financial innovator (ARKF) and also a next generation internet company (ARKW)!!
Wow, all that for a company whose name is derived from TelephoneDoctor!
At she brought her holdings into compliance with IRS Codes finally….
She should be sanctioned or barred. Jamming her bullshit overly concentrated positions across portfolios with which they have no connection…
“Got my first $250 monthly interest from my iPhone bank account”
My Primis account with 240K in it is still paying 5.03%. That’s $1,000 in interest a month no-risk. I feel like I am back in 7th grade watching my lawnmowing/driveway shoveling money grow in my first passbook saving account.
CIT bank is doing 4.75% for a savings account minimum 50K I think.
Sofi (which I’ve had since taking advantage of a huge promo still pays 4.2%, but the promo gave me an APY of over 8% for the first year so fully loaded with 240K too.
I’m loving this high rate environment. Just can’t wait to get my stock market money going. For now, it’s nearly all earning between 4 and 5 percent in SWVXX.
And yes, when VIX starts dropping to ZEN , seems to be when the black swan appears.
Went to Borgata for the first time in 6 weeks too. Was invited to a potentially lucrative slot tournament at Bally’s (lord knows I don’t stay there). Only 30 players, winner take all $10K. So that’s a $333 EV event. Came in 12th. Put Slot Exploitation I’ve been reading about into practice andmade 20K. Huzzah!