From the National Association of Realtors:
NAR Economist: ‘Housing Recession Is Over’
Contract signings picked up the pace last month, and home buyers are increasingly facing multiple offer situations. NAR releases its housing forecast for the remainder of the year and 2024.
Pending home sales rose slightly in June, and the latest indicators are showing a housing market on the mend. Median existing-home sales prices in June soared to their second highest on record in the last two decades, and more buyers are facing multiple offer situations once again, the latest reports from the National Association of REALTORS® shows. NAR’s Pending Home Sales Index—a forward-looking indicator of home sales based on contract signings—rose 0.3% in June, the first increase in four months.
“The recovery has not taken place, but the housing recession is over,” says Lawrence Yun, NAR’s chief economist. “The presence of multiple offers implies that housing demand is not being satisfied due to a lack of supply. Homebuilders are ramping up production and hiring workers.”
Housing inventories remain at historical lows, down 13.6% from even last year’s low levels. “There are simply not enough homes for sale,” Yun said in a recent report. Seventy-six percent of existing homes sold in June were on the market for less than a month, NAR’s data shows.
Home buyers are faced with limited choices, higher home prices and higher mortgage rates. But they may find some relief soon: Mortgage rate increases may be mostly over, and that would bode well for home-buying, Yun says.
“With consumer price inflation calming close to the Federal Reserve’s desired conditions, mortgage rates look to have topped out,” Yun says. “Given the ongoing job additions, any meaningful decline in mortgage rates could lead to a rush of buyers later in the year and into the next.”
NAR forecasts that the 30-year fixed-rate mortgage could reach 6.4% by the end of the year, followed by 6% in 2024. Over recent weeks, mortgage rates have been nearing 7%, far from their ultra-low 2% or 3% averages just over a year ago.
First
I think this guy Yun was the inspiration for the Dustin Hoffman character in the movie ‘Rain Man’.
100 degrees, economy is sizzling hot.
For 2 yrs Dark Brandon said no to recession
Party on!
Your response to the comment that Black Americans had no rights until the 1960s is curious. Why would you feel the need to split hairs on that?
No One says:
July 27, 2023 at 2:24 pm
You can keep repeating this lie, but it doesn’t make it true.
There were many injustices and rights violations, particularly in some regions, but a statement like this is just flatly wrong. Almost as dumb as the BLM types saying that the US dropped the atomic bomb on Japan because white people spent so much money on it.
“blacks didn’t have any rights in this country until the 1960’s”
3b,
I think I’ll buy a Porsche today. No… a McLaren!!! 14K down, $2,600 per month! I’m in, bro! Party on, dude!
https://www.carfax.com/vehicle/SBM13DAAXHW003787
Jesus,
My roaring 20’s 2.0 call has been spot on. This chit is out of control. Can there even be another recession? Unbelievable.
Intel up 7%. Roku up 8%. Make it make sense to me. So many of these companies are flying and seriously what has really changed? Greed has total control of the market. They will buy every dip now. Retards are back.
Eddie, those are actually pretty attractive vehicles at prices offered. Car like that though if you’re getting used should be one owner though…
“…curious. Why would you feel the need to split hairs on that?”
Equally curious that he and I see a chasm as wide as the Grand Canyon between your statement and reality yet you only see a hair split…
Arrogance of modern liberalism…your opinion is the only truth….
This chit is out of control.
Nah, not even close. $3.59 for a gallon of unleaded and a $20 hamburger is standard, bro! Wait until we really get the ball rolling! DOW 50,000, here we come. President Shitz and his sidekick Giggles are a lock for a 2nd term!
I won’t spend $300 at the casino but I will spend $300,000 on $NIO
These people are insane. Lmao
Fast: You should go for it. Treat yourself!
cha-ching…
“leftwing says:
July 21, 2023 at 8:04 pm
low cost high payout short in some F ahead of earnings next week.”
Left,
From my personal landscape, everyone knows Black Americans were widely deprived of their civil and legal rights in this country pre 1960. Why would anyone choose to take exception to that statement? That is all I am saying. If you have an issue with my finding No One’s choice to argue about that strange, please explain.
3b,
I deserve it, right? We’re prestigious here, need to keep up that image. A Mercedes or BMW is so common and predictable, even the muppets in Lodi and Garfield are driving those cars. Why not make the neighbors envious?!
Left,
I never made a statement. What I did was ask about his reaction to someone else’s statement.
Are you trying to make a case for the fair treatment of Black Americans prior to the civil rights movement in America? Not sure what your point is.
No, it’s the absolutism of an entire population having none that I (and NoOne IIRC) are querying.
Certain parts of a population being widely deprived is quite different than all having none.
Left,
You are splitting hairs! The choice of “none” instead of “widely deprived” is what the argument is about? No One, why don’t you chime in here and speak for yourself.
Where my mind goes now, assuming No One confirms Left is correct, was the difference between those distinctions of any importance? Can we all just agree that it was not a good time to be Black in America?
Consumer confidence at a 22 month high, consumer spending increases, and savings rate declines.
Sold my Meta yesterday. Paid 188 last year and cashed out at $320. Put it into Amazon and Apple. Apple was up about 30% since I bought meta and Amazon is down over 20. If I had bought them instead of meta that day I would be up less than 10%.
HMB,
Apple and Amazon = You will not lose in the long run with these two. Just don’t let these two make up more than 1/4 of your net worth.
I just took a look at my individual holdings for the 1st time in a while. I’m so glad to see Disney doing so well. Maybe a transgender Mickey Mouse can give them a boost.
Lib
I bought some Amazon earlier this year at $96 and Apple at $144 and Google at $103.
I think I’m done with those 3 for now. Bought PayPal at $73 also this month.
I want to focus on adding to nelnet (NNI) and Boston Omaha (BOC). You would probably like reading all of their letters to shareholders and watching them stick to their philosophy and seeing how they’ve grown. Also will hopefully add to Markel Group (MKL).
I own some Paypal too. Not too much.
Will look at your other names when I get a chance.
Fast
I bought Disney at $101 this year after their stock tanked with the desantis fight. I hit the sell button when I saw they were thinking of spinning off ESPN and the sneak photos of their new interpretation of Snow White and the seven dwarfs. Took a 10% loss but I think they could get the bud light treatment when that Snow White movie gets released.
HMB,
I actually agree with you. I’ll come in when the wreckage is all done. Kids will still pull on their parents heartstrings and keep attending the parks, which is where they make most of their money. So I don’t mind scooping that up later.
Any of these types of backlashes are short lived anyway. Its like people choosing not to watch the NFL or any other virtue signal. Eventually, it goes back to normal.
Beer,
If Disney just stuck to the same formula that worked for the last 100 fucking years instead of catering to freaks, groomers, misguided misfits and pedophiles, their stock would be around $180 per share. Going off the rails and letting corporate millennials inject their political views into project plans is a recipe for disaster.
“…. catering to freaks, groomers, misguided misfits and pedophiles….”
You just described your Republican Party’s leadership in a nutshell.
Lurks
That’s my plan too. If park attendance stays down and the Snow White movie tanks or creates a boycott I could see a nice drop and chance to buy. Disney might also be forced to buy the rest of Hulu. I forget who their partner in Hulu is but if I remember right part of the agreement the partner can make Disney buy them out at a certain price. Disney could be shopping ESPN to raise the cash for that.
Disney is levered out the ass.
The 20% drop is from a big picture change…was Parks=stability and CF and streaming=upside….is now Streaming is not going to deliver as expected and may actually be a drag and Parks are getting compromised. Double negative change here, that does not equal a positive. Agree, let them continue to shit the bed and scoop it lower.
Take out the worst of the COVID lows and you’re back at 2014 levels…way to go guys, that’s CW style type returns….
Also, longer term are you sure there isn’t a secular challenge? How old are you when you go to Disney (I never did it, IDK)? Twelve?
That means the parents are what, low to mid-forties at the oldest?
Do we think parents with kids aging up who are now in their 30s are as dedicated to DIS trips as our generations at the prices offered?
Or are they more of Phoenix’s compatriots, a bit cynical on culture that was…..
We are so done with Florida parks, our last trip was cancelled due to Covid three years ago now. My kids don’t want to go either. We did it all down Universal and Disney there several times with family and friends. It was always a $10,000 week no matter how you slice it when it comes to airfare, lodging and park tickets with express passes etc.
I don’t want to go anywhere. My Brother is in LBI this week coming and I have no desire to go anywhere near that place either. So done with LBI too. I can be on the beach in under 15 minutes by me, so no need to go any other beach really.
My pool today is 89 F and I’ll take a dip tonight after cooking our Friday night Pizzas on the grill. That is good enough for me.
Prime Disney age is 5-10. After that the rides are a snore and the magic is out of the kingdom unless you are one those Disney freaks, and they are out there.
Youngest loves roller coasters. Great Adventure is a half hour away, a season pass is $100, they have decent meal / drinks plans and we can just drop him off.
I am taking him to Cedar Point this summer. Tickets are reasonable via the wife’s work discount, and lodging is free. Parents live a half hour away and I know the locals sneaky back way onto the causeway to avoid traffic. Schools out there start in August so late August we should have our run of the place and be able to get on everything with a fast pass.
re: ” Great Adventure is a half hour away” and “season pass is $100”
We paid $74.99 during the Six Flags Spring Break Sale!
Great Adventure Platinum and it includes the water park and the Safari until Dec 31st.
ExEx:
https://youtu.be/hsdc1ZEROts?t=176
Juice
Maybe that’s what it was, I know it was platinum because I ran the drink refill cup through the dishwasher and it melted, so he got a new one for free. I know if he went twice it paid for itself. We drop him and his buddies off every other week or so. The meal and drink plans are the way to go as well.
re: “went twice it paid for itself”
Yup. We will go 4 times this year. Prince is way cheaper than before covid maybe 1/2 the cost for a season pass w upgrades.. The October fright fest is the best Halloween fun for sure, dark and scary my nephew still has not recovered from our last trip.
We went to the water park hurricane harbor last summer on a day like today it was around 99 F and the concrete would burn your feet if you did not have on sandals. Not as clean as a Disney water park but all in all not bad. Main difference no clean real sand beach to relax by the wave pool like they have at Disney and no landscaping with palm trees etc and well the food was really really bad. We fortunately ate before we went for a 1/2 day. I would recommend not eating there or spending a full day. I did not think they practice good food safety etc.
We did splurge for a Cabana and that literally saved us from having to worry about our stuff as my sister worked remotely there and he company paid for it!! As the regular seating area was beyond crowded, and frankly I would not want to leave even a towel there.
Funny my kids don’t really want to go to the water park this year so far. They are in camp and are usually exhausted when they get home. But they may have aged out too even though I like water slides more than my kids lol!
Prince? I meant price..
For BRT:
By CLAIRE CAIN MILLER, Josh Katz and Aatish Bhatia
The New York Times
Elite colleges have long been filled with the children of the richest families: At Ivy League schools, 1 in 6 students has parents in the top 1%.
A large new study, released this week, shows that it has not been because these children had more impressive grades on average or took harder classes. They tended to have higher SAT scores and finely honed resumes, and applied at a higher rate — but they were overrepresented even after accounting for those things. For applicants with the same SAT or ACT score, children from families in the top 1% were 34% more likely to be admitted than the average applicant, and those from the top 0.1% were more than twice as likely to get in.
The study — by Opportunity Insights, a group of economists based at Harvard who study inequality — quantifies for the first time the extent to which being very rich is its own qualification in selective college admissions.
The analysis is based on federal records of college attendance and parental income taxes for nearly all college students from 1999 to 2015, and standardized test scores from 2001 to 2015. It focuses on the eight Ivy League universities, as well as Stanford, Duke, the Massachusetts Institute of Technology and the University of Chicago. It adds an extraordinary new data set: the detailed, anonymized internal admissions assessments of at least three of the 12 colleges, covering a half-million applicants. (The researchers did not name the colleges that shared data or specify how many did because they promised them anonymity.)
The new data shows that among students with the same test scores, the colleges gave preference to the children of alumni and to recruited athletes, and gave children from private schools higher nonacademic ratings. The result is the clearest picture yet of how America’s elite colleges perpetuate the intergenerational transfer of wealth and opportunity.
“What I conclude from this study is the Ivy League doesn’t have low-income students because it doesn’t want low-income students,” said Susan Dynarski, an economist at the Harvard Graduate School of Education, who has reviewed the data and was not involved in the study.
In effect, the study shows, these policies amounted to affirmative action for the children of the 1%, whose parents earn more than $611,000 a year. It comes as colleges are being forced to rethink their admissions processes after the Supreme Court ruling that race-based affirmative action is unconstitutional.
“Are these highly selective private colleges in America taking kids from very high-income, influential families and basically channeling them to remain at the top in the next generation?” said Raj Chetty, an economist at Harvard who directs Opportunity Insights, and an author of the paper with John N. Friedman of Brown and David J. Deming of Harvard. “Flipping that question on its head, could we potentially diversify who’s in a position of leadership in our society by changing who is admitted?”
Representatives from several of the colleges said that income diversity was an urgent priority, and that they had taken significant steps since 2015, when the data in the study ends, to admit lower-income and first-generation students. These include making tuition free for families earning under a certain amount; giving only grants, not loans, in financial aid; and actively recruiting students from disadvantaged high schools.
“We believe that talent exists in every sector of the American income distribution,” said Christopher L. Eisgruber, the president of Princeton. “I am proud of what we have done to increase socioeconomic diversity at Princeton, but I also believe that we need to do more — and we will do more.”
Before this study, it was clear that colleges enrolled more rich students, but it was not known whether it was just because more applied. The new study showed that’s part of it: One-third of the difference in attendance rates was because middle-class students were somewhat less likely to apply or matriculate. But the bigger factor was that these colleges were more likely to accept the richest applicants.
The largest advantage for the 1% was the preference for legacies. The study showed — for the first time at this scale — that legacies were more qualified overall than the average applicant. But even when comparing applicants who were similar in every other way, legacies still had an advantage.
When high-income applicants applied to the college their parents attended, they were accepted at much higher rates than other applicants with similar qualifications — but at the other top-dozen colleges, they were no more likely to get in.
“This is not a sideshow, not just a symbolic issue,” Michael Bastedo, a professor at the University of Michigan’s School of Education who has done prominent research on college admissions, said of the finding.
One in eight admitted students from the top 1% was a recruited athlete. For the bottom 60%, that figure was 1 in 20. That’s largely because children from rich families are more likely to play sports, especially more exclusive sports played at certain colleges, like rowing and fencing. The study estimated that athletes were admitted at four times the rate of nonathletes with the same qualifications.
“There’s a common misperception that it’s about basketball and football and low-income kids making their way into selective colleges,” Bastedo said. “But the enrollment leaders know athletes tend to be wealthier, so it’s a win-win.”
There was a third factor driving the preference for the richest applicants. The colleges in the study generally give applicants numerical scores for academic achievement and for more subjective nonacademic virtues, like extracurricular activities, volunteering and personality traits. Students from the top 1% with the same test scores did not have higher academic ratings. But they had significantly higher nonacademic ratings.
At one of the colleges that shared admissions data, students from the top 0.1% were 1.5 times as likely to have high nonacademic ratings as those from the middle class. The researchers said that, accounting for differences in the way each school assesses nonacademic credentials, they found similar patterns at the other colleges that shared data.
Overall, the study suggests, if elite colleges had done away with the preferences for legacies, athletes and private school students, the children of the top 1% would have made up 10% of a class, down from 16% in the years of the study.
People involved in admissions say that achieving more economic diversity would be difficult without doing something else: ending need-blind admissions, the practice that prevents admissions officers from seeing families’ financial information so their ability to pay is not a factor. Some colleges are already doing what they call “need-affirmative admissions,” for the purpose of selecting more students from the low end of the income spectrum, although they often don’t publicly acknowledge it for fear of blowback.
MIT, which stands out among elite private schools as displaying almost no preference for rich students, has long had a practice of not giving a preference to legacy applicants, said its dean of admissions, Stuart Schmill. It does recruit athletes, but they do not receive any preference or go through a separate admissions process (as much as it may frustrate coaches, he said).
“I think the most important thing here is talent is distributed equally but opportunity is not, and our admissions process is designed to account for the different opportunities students have based on their income,” he said. “It’s really incumbent upon our process to tease out the difference between talent and privilege.”
BRT: source paper if you want to look it up with data.
Diversifying Society’s Leaders?
The Determinants and Causal Effects of Admission to Highly Selective Private Colleges∗
Raj Chetty, Harvard University and NBER
David J. Deming, Harvard University and NBER
John N. Friedman, Brown University and NBER
July 2023
My older son has a fear of heights. The brain damaged son loves rollercoasters, so I go on with him. We rarely do themeparks since they end up being really tiring and we covered Florida parks pretty well when the D was on his wish trip which allowed us to cut every line, write to the front. It ain’t worth cancer, but it’s pretty close.
When I was a kid, the season pass at 6F was $37. The food always sucked at that park, but there were two places that were edible. The yum yum palace had serviceable hamburgers and there was a spaghetti place (automated mostly) that made a pretty good Bolognese. That was pretty much it for the entire park, I kid you not.
We had season passes for about five years. It was the questionable ride safety years too. They still had the Rotor which made everyone puke. We were there when the stupid haunted house burned. Were there for the death on Lightning Loops and the scalping of a redheaded kid with long hair on Freefall. Our favorite thing to do was to take the explosive off the stick from a bottle rocket, light it and toss it into the car on the sky ride as we went by. Especially at night, when it was less likely we’d get caught. We could only do it a couple of times per day and always at least halfway through the ride so the effected party could not rat us out when they got to the other side.
I know way more about Six Flags than I should. It’s the price of growing up in Central Jersey.
I nearly forgot. We are the proud future owners of the Mazda CX-90. They are not selling well as no one is willing to buy a Mazda when you could get the same three row car from Acura or Lexus. Of course, it won’t have 1/2 the tech nor an equally powerful engine nor as fancy of an interior. But what do I now.
Ain’t she a peach. This is Gator’s new car. We need a nickname for it. I’m thinking, the Bankrupter.
https://www.waynemazda.com/inventory/new-2024-mazda-cx-90-3-3-turbo-s-premium-plus-awd-awd-suv-jm3kkehc9r1115984/
Thanks for the link chi. Interesting read.
I was at six flags yesterday. Park was empty. Not a single line. The food is atrocious. I can’t do it at all. We stuff our kids beforehand and eat at La Piazza in Allentown afterwards. Decent Italian. The season pass is definitely worth it.
Cedar point is on our list when my daughter grows another half inch. We want to do a road trip, Hershey, Dorney, knobles , and Cedar Point. Gotta do it before I get older because El Toro literally kicks my a$$. Both of my kids will do any ride. Kinda sucks because my son’s friends, all in 6th grade won’t even do wimpy coasters.
Dorney allows you to bring in coolers, which solves the food problems. I really like that park. Much more family oriented than Six Flags and much less machismo.
US GDP saw annualised growth of 2.4% in 2Q23 — all good, right?
Not so fast.
While it isn’t released in the advance estimate, meaning that we only have data for 1Q23, GDI, which theoretically should say the EXACT same thing as GDP, has been NEGATIVE in 3 of the past 4 quarters.
On a YoY basis, GDI was NEGATIVE 0.8% in 1Q23.
Meanwhile GDP was +1.8%, growing to +2.6% YoY in 2Q23.
Since 1947, GDI has NEVER been YoY negative without a recession occurring.
Interestingly, GDI also turned YoY negative AHEAD of GDP in the lead-up to the GFC — is history repeating?
https://twitter.com/steveanastasiou/status/1685091561590390784?s=46&t=0eaRjeKWHSIY8WCyPT4KMg
One likely reason for the lesser focus on GDI, is that GDP data is more timely (we don’t get an advance estimate of GDI).
With GDP being more timely, and GDP and GDI generally saying largely the same thing, one can see why GDI generally receives relatively little attention.
Though given that the two metrics should be equal in theory, and that they do generally track each other fairly closely in practice, significant attention should be paid to GDI when it starts saying something materially different to GDP.
The crude oil surge is showing up in gas prices this week.
Gasoline prices have surged 13 cents or 3.8% over the LAST FOUR DAYS. This is the biggest four-day surge since June 2022.
The national average of gas prices is now at its highest since last November.
What can the administration do about it?
Not nearly as much as they could 20 months ago.
Below is the Cleveland Fed nowcast for July Inflation.
It expects a 0.40% for July MoM CPI, taking YoY CPI to 3.4% (from 3.0% in June).
Gasoline is 3.4% of CPI. So, a 3.8% price increase will move CPI to 0.10%.
More, obviously, if gas prices continue to move higher.
The final chart shows the probability the Fed hikes again this year, currently at 26%.
But surging gasoline prices will change this and could change it quickly.
So, could we be returning again to obsessing over energy prices, as has often been the case?
I feel like we are doing 2020-22 boom/bust again. Look at the chart for nasdaq on 5 and 10 year. You see the same exact run up, but only stronger and faster. Check it out, Lib…any take?
Straight up charts on index scare the chit out of me. Too much, too fast.
Can’t make this chit up. I said this for years on this blog; these people will regret moving to these hot locations on a warming planet. Have to be f’ing insane to ignore the science and build up places like Ariz, Texas, and Florida. People are retarded. Florida was never meant to be a year round dense population, yet the lemmings jumped in, and will cry to be bailed out later. What a joke.
“The Economic Cost of Houston’s Heat: ‘I Don’t Want to Be Here Anymore’
If the weather pattern continues through August, Texas’ gross state product will be reduced by roughly $9.5 billion, according to an economist”
“Houstonians pride themselves on how they tolerate heat. This summer, the heat has become intolerable.
Businesses and residents in America’s fourth-largest city have moved much of life indoors, changing work and spending habits. Some residents say they are reminded of quarantining during the pandemic’s early days: ordering in groceries, avoiding social commitments and looking for ways to stay entertained from the couch.”
https://stocks.apple.com/A4EhO6MZRR2Ct3vj9dvIF3w
Gas mileage sucks on that thing.
Not saying you should care, not saying you can’t afford it, not saying you should hug the planet.
Honda Minivan I once owned in 2009 had similar figures.
Libturd says:
July 28, 2023 at 7:09 pm
Ain’t she a peach. This is Gator’s new car. We need a nickname for it. I’m thinking, the Bankrupter.
https://www.waynemazda.com/inventory/new-2024-mazda-cx-90-3-3-turbo-s-premium-plus-awd-awd-suv-jm3kkehc9r1115984/
Car buying is fucjed for maybe forever.
“Some automakers, including Ford Motor (https://www.wsj.com/market-data/quotes/US/F?mod=ANLink) and General Motors (https://www.wsj.com/market-data/quotes/US/GM?mod=ANLink), have said they plan to keep the availability of cars and trucks on deal
ership lots permanently constrained in the years ahead, an effort aimed at sustaining their run of strong profits.”
O n car lots, this could mean shoppers have fewer colors, options and trim levels readily available to choose from. More likely, auto retailers will carry the most popular configurations and in fewer numbers.
Want something slightly different? You’ll likely have to order directly from the factory, then wait for it to be built and delivered. Turnaround times vary by model, but can often take a few months—or in some cases, much longer.
Rory Harvey, GM’s president of North America, said car buyers have gotten comfortable with planning a lease or purchase a few months ahead and waiting for their vehicle to arrive.
“Customers’ buying behavior has changed,” he told the Journal last week.
Takes the guesswork out.
And all along I thought it was skill.
https://media.gmc.com/media/ca/en/chevrolet/bcportal.html/currentVideoId/1183525706001/pnId/21/typeId/c/currentChannelId/Most%20Recent.html
Inflation is just not going to go away without a major recession. Businesses are still not really competing, they are all happy with maintaining current pricing and profit margin. Need a recession for them to get desperate and start eating away at each other through pricing.
Same goes with workers. Businesses and workers are fine pushing the envelope and maintaining status quo. Workers will keep demanding top dollar as they have almost no competition. Employers will keep giving raises as they can easily pass on the cost.
Until i see a major recession, I am no longer believing that inflation will be contained. I need to see more competition in business and labor.
Guys, not cool. You know a basic rule around here is not to steal someone’s handle.
Who took Lib’s sign-in and hijacked his postings?
New car, $62k sticker….yeah, right. Where’s Capt Cheapo?! Who kidnapped our Lib?!
Yep, no coincidence GOP states
The Great Pumpkin says:
July 29, 2023 at 8:26 am
Can’t make this chit up. I said this for years on this blog; these people will regret moving to these hot locations on a warming planet. Have to be f’ing insane to ignore the science and build up places like Ariz, Texas, and Florida. People are retarded. Florida was never meant to be a year round dense population, yet the lemmings jumped in, and will cry to be bailed out later. What a joke.
I told you my investments have been golden. Then there’s my son attending a college that was nearly free. Heck, the interest alone on my multi profit will nearly cover it. 🤠
Bustin’ out baby!
Informative posts on the amusement parks from the 1% crowd…if a bunch of 40-somethings in NJ are in the process of writing DIS visits off at $10k per I can’t imagine rising 30-somethings are going to be more committed, financially or emotionally. Not looking at the stock until/unless she gets a 60 handle and maybe even take a pass then except for a trade….
> 105F and most days > 110F in PHX, day in day out, certainly has been since we got here.
I look at all these strip mall businesses and wonder if they’re taking some sort of heat when it’s so hot that just walking from the car to the store is laborious. Who TF wants to go get FroYo with the kids when its 76F at home and the pool is well, it’s def not cold, but it is right there.
Pool baby. FTW
Cool breezes
I have been in my pool for three straight days. It’s so refreshing. Pretty soon, I qualify for reparations.
New Tune I just wrote:
https://on.soundcloud.com/qcVfMCZ5LyZCXi1R7
Ex – good tune and you sound like a younger man too.
8:09 thanks!! My wife says I’m 15. (Mentally)
re: “my pool”
It’s silly but I am the only one using the pool and hot tub lately unless we have guests.
I did not have a pool growing up and no pool club either, we only swam on the kindness of neighbors which was usually once a season so they did not have to see us staring over the fence all the time. Mrs. Johnson was the neighbor her husband died when I was like 12 years old…I think it was Benson and Hedges that did her in Her granddaughter from Pennsylvania got the place too after she passed, she and a few friends were living there while they were interns at the Aunt’s business in NYC. That summer was party time for sure. Plenty of neeked swim nights…