From the NYT:
New York City’s Crackdown on Airbnb Is Starting. Here’s What to Expect.
New York City officials on Tuesday are expected to start enforcing strict new regulations that limit residents’ ability to rent out homes through platforms like Airbnb.
The move is expected to lead to the removal of thousands of listings from the platforms. It is the latest and potentially most consequential development in the yearslong feud between big cities and the home-sharing companies.
The city argues that the proliferation of short-term rentals through Airbnb and other platforms has pushed up rents and helped fuel New York City’s housing shortage.
Airbnb has said the new rules amount to a “de facto ban” on the platform, and other critics say the city is bending to the lobbying of the hotel industry and locking out cheaper options for visitors.
…
For years, the city has maintained that existing laws preclude people from renting out homes to guests for less than 30 days, unless the host is present during the stay. The city also asserts that no more than two guests are allowed to stay at a time, and that they must have ready access to the entire home.
But there continue to be numerous listings for rentals of whole apartments and homes, and the city has argued companies like Airbnb are not policing their platforms aggressively enough to root out violators.
A city official claimed in a July court filing that more than half of Airbnb’s $85 million net revenue in 2022 from short-term rentals in New York City came from activity that is illegal. Airbnb disputes the figure.
The new regulations, which the city will begin enforcing on Tuesday after a series of court challenges, require hosts to register with the city to be allowed to rent on a short-term basis.
Frist
I’m a bit confused when reading this article above. More and more Airbnb’s are renting for longer than 30 days? Isn’t the same as an apartment lease? Or, are they renting for 30 days and charging more money? Or, is it creating a shortage of long-term rentals and there’s more competition, thus higher prices? Which leads me back to the original question: It’s the same as an apartment.
Individuals are renting apartments for the expressed purpose of using them as AirBnb’s.
Thank you, Chicago. Of course, Joyce would chime in here and say I have some sort of comprehension problem but I’m in the business of asking a ton of questions; a habit that has provided me with a comfortable living.
22 years of incarceration on behalf of the former host of the Apprentice.
Hold: Thanks on the NJ Exit tax information.
3b,
Are you planning a move out of the People’s Republic of New Jersey?
Fast: No, I was just curious, as it came up in a conversation about someone who is. After reading up on it, I see it’s not really an exit tax . I don’t know why people are calling it that.
This doesn’t seem too bad for a studio on the Upper East Side for $2,300 per month. I think I would put some sort of accordion divider by the bed to make it feel like a separate room. Whoever made the bed did a shitty job and that alcohol display would be removed for a nice piece of furniture that the flat screen can sit on. I’d be able to deal with this:
https://www.apartments.com/152-e-84th-st-new-york-ny/9plwte6/
This one might work. I wouldn’t leave the clothes out on display, a portable clothing enclosure would work better. A little too cluttered, the renter needs to tidy it up. Tall windows give it a lot of light… definitely doable for the price.
https://www.apartments.com/101-w-80th-st-new-york-ny/72hkl1y/
No, this doesn’t work. If I can’t put my fridge in the kitchen, I’ll pass. And it’s too cluttered, this chick needs to straighten it up… unless she’s too hot and then I wouldn’t care. ;)
https://www.apartments.com/509-e-81st-st-new-york-ny/zf69fex/
Ruh Roh, Raggy:
Wife of Prince George County cop Francesco Marlett caught on camera with other woman has furious row with husband’s mistress on Facebook
The wife of the Maryland cop who was caught on camera in a loving embrace with a woman is battling it out on Facebook with her husband’s paramour
Officer Francesco Marlett’s wife says that the disgraced cop has been cheating on her for years and described the woman in the video as his ‘mistress’
Prince George’s County Police officer Francesco Marlett was unmasked on Tuesday and was subsequently suspended of his actions by the department. ‘The officer has been identified. His police powers are now suspended
For $2,400 per month w. all utilities included on the Upper East Side, can you do any better?
https://www.apartments.com/415-e-80th-st-new-york-ny-unit-4-r/07025j2/
No, this doesn’t work. If I can’t put my fridge in the kitchen, I’ll pass. And it’s too cluttered, this chick needs to straighten it up… unless she’s too hot and then I wouldn’t care. ;)
Have you tried stepping out, or are you still eating vanilla?
Phoenix,
Lol! ;) I’ll mull that thought around.
Sounds like alot of Eastern Europeans are moving out. I lived in Yorkville for years, right near that place on E. 80th. When I moved in 2012, I had doorman bldg, alcove studio 750 sq ft with new parquet floors, new kitchen, new bath and two large closets. All utilities included for 1850, I think. There were great deals for renegotiation in 2008/2009. I got a free month when I threatened to move out. My buddy bought studio condo conversion in 2008 and was underwater for years. The Eastern Europeans came and bailed him out in 2014. They were knocking down walls to build 1-2 bds. It looks like some decent deals are coming back. Never the hottest area of NYC and suffers first when NYC gets shaky, but it was quiet and enjoyed East river walks.
Eddie,
Someone like this.
https://tinyurl.com/mvtz8j5z
Bystander,
I assume you mean quiet and out of the way when you say ‘never the hottest area’? I think that would be even more desirable, at least for me. You’re a stop or two (or block or two) away from any amenity while being able to retreat to more relaxing confines. Sounds like a win.
Phoenix,
Yes, she can be as untidy as she wants. In fact, a pile of freshly-washed clothing and towels on the bed makes for… umm… never mind. Lol.
The Ten rallied like a bitch at the beginning of the month, but it appears to be handing most of it back. At 429, touched 430
West 12th and 7th Ave was the last place in NYC we lived. It was I believe about $2300 a month 18 years ago. They go for $3900 a month and up now, the condo was owned by an absentee landlord from Italy who owned a lot of units apparently.
The current Google Maps pic from September a year ago shows every single shop vacant on 7th Ave. Duane Reade gone, the coffee shop is gone, and the restaurants in the area all are gone, all for rent signs etc with a bonus of homeless sleeping there on the street. West Village was always very vibrant and should eventually recover, perhaps next generation or so.
Juice,
Was that a few blocks from St. Vincent’s Hospital?
3b,
Yeah, the so called NJ Exit Tax is really just prepaying your taxes. When I sold my place in June I had over $10,000 taken for this. Well worth the price in my opinion to be done with NJ. Not sure if I’ll be able to recover any of that money when I file my taxes. With the high overhead in the state and cost of living I don’t know how people make any money on rentals.
Yep, Ed..perfect for me at that stage. I meant not trendy or hip. The 20s crowd would sooner die than live in that area. The poorer 20s kids actually lived further up in mid 90s near Irish party bars. That Gracie Mews area had tons of elderly people and folks with dogs to walk along river. I liked it. Sundays were so quiet and straight walk over to Met and Park..
Bystander: The upper east side and west side in the 70s and 80s were always my favorite part of Manhattan if I was going to live there.
If you bought them when Eisenhower was president…..
Chad Powers says:
September 6, 2023 at 10:57 am
With the high overhead in the state and cost of living I don’t know how people make any money on rentals.
What does this mean? NYT article:
A lot of people are in denial on this, most notably AIPAC, the most powerful pro-Israel lobby, which continues to shill for Netanyahu in Washington and ignore Israel’s democracy defenders. Haaretz recently described AIPAC as the “pro-Netanyahu, anti-Israel lobby” in Congress.
But they better wake up because four years of such an Israeli coalition in power and you can kiss goodbye the notion that Israel will ever again be a reliable U.S. ally.
I hung in the Village with lots of the bridge & tunnel crowd when I went to Montclair State pretty regularly. Lots of time spent at the concert venues seeing lots of great shows. Was lucky enough to catch the tail-end of the “industrial” genre and the heart of the “techno” movement. I used to listen to that stuff and drum&bass and more in my dorm and by the reaction of dormmates, I might as well have been listening to opera. Thirty years later, EDM is huge and is not all that different from that early techno. Shame those bands never really got their due. I raved a lot, those days. I really miss those shows (or perhaps the X we all took during them). Some of the crazy shows I saw, included Ministry at the Limelight. NIN opening for Skinny Puppy at Irving Plaza. Beyonce’s first performance ever with Destiny’s Child as part of CMJ. Also caught Meat Beat Manifesto and Consolidated at the Ritz. There was one club that used to do Jazz in the basement and big names upstairs. Saw a lot of great shows there too. I miss those days. Now, every artist who you like seems to be able to sell out arenas and I hate arena or stadium shows. I miss being able to walk into a Maxwell’s or City Garden’s and be able to catch Michael Frante or some other pop god for like $20 and be treated to amazing music for like five or six hours.
NYC used to be so cool. Now it’s just Lululemon and Aeropostale.
Lib: I enjoyed the village back when it was edged , CBGB s Beirut, Hogs and Heifers, but would not live there. Had to entertain our of town customers there back in the day, after dinner of course.
The west village is just fine. I’m there often. I mean you’re not wrong about boarded up places, but it looks way worse on Google Maps. In person, the tourists are still there, there are plenty of packed restaurants. People still line up to get into places.
NYC used to be so cool. Now it’s just Lululemon and Aeropostale.
Are the Boomers to blame for that, too? ;)
“Oil prices up 25% since late June”
Any questions?
No, but the closer you get to asystole, the less cool everything appears.
Fast Eddie says:
September 6, 2023 at 12:33 pm
NYC used to be so cool. Now it’s just Lululemon and Aeropostale.
Are the Boomers to blame for that, too? ;)
Ukraine war?
Fast Eddie says:
September 6, 2023 at 12:41 pm
“Oil prices up 25% since late June”
Any questions?
ISM heats up for August, chances of Fed tightening in September increase slightly. Maybe we will indeed see 8 percent mortgage rates.
Another sale in my neighborhood, $75k over ask.
Stu/3B. I think a good deal of what was Village/LES etc now has relocated to areas of Brooklyn. Especially Eastern parts of Williamsburg, Bushwick and Greenpoint.
Chgo: You would know better than me. I have not been to Brooklyn in years, and was only familiar with Peter Lugers in Williams, when it was bad. Also an excellent Italian restaurant in Bensonhurst or Bayridge, don’t remember.
Juice: Last in last hurrah maybe?
I am trying to visualize what this Emerson property looked like in 2016. This looks like a gut reno but it is not a new build. correct?
h*tps://www.zillow.com/homedetails/19-Broad-St-Emerson-NJ-07630/37885127_zpid/?rtoken=0c5fd30b-702d-4f30-b409-a9dcc6494ad1~X1-ZUyr34oevwtq15_82rpg&utm_campaign=emo-instant_home_recs_email&utm_source=email&utm_term=urn:msg:20230906164826e7122a07cdb45e5d&utm_medium=email&utm_content=newconstructionimage-_rid-NxmNDrFgiPkvH6ZrJ2WYbN_
Fast: Any idea what’s going on with the apartment complex on Kinderkamack in Emerson? There has been no construction in weeks.
All new developments in Brooklyn and LIC are posh af right now. My BIL is paying $4,600 for 550 sq feet. I had to get in late one night and had to go see the on site manager at the sister property for a key and the lobby was like something out of Great Gatsby. Waterfalls, fire pits, couches, 50 ceilings. I stepped outside and there was a man urinating on the side of the building. Dystopian.
Everything else, all the other tenement style row homes are as they were in 1990. Just thirty years older. The last undeveloped part of BK is the area under the BQE, the shores of sunset park or industry city. Sure there’s an axe throwing place, a taco joint, and an Ikea around the corner. My my brother found a dead body with a knife in the back here, preferred body dumping spot tells me all i need to know.
Cobble Hill is the only place that gets classier with time.
Libturd says:
September 6, 2023 at 11:42 am
“NYC used to be so cool. Now it’s just Lululemon and Aeropostale.”
Maybe the Dem dingbats in NYC will be as luck as their counterparts in San Fran, where Dem leadership has just about chased away all of the un-cool retailers, from Nordstrom to Walgreens. Who needs un-cool drug stores when the sidewalks in front could be used as edgy, authentic homeless encampments!
To those of us who are back working in NYC, and who also witnessed the mid-90’s transformation from Dem-led dump to the Rep-led golden age, I think the current decline is obvious. If the 90’s transformation was epitomized by a strong and visible police presence and an intolerance of quality-of-life crimes, the current decline is epitomized by a feeling that as a law-abiding citizen, you’re very much ‘on your own’. If a pack of teens decide they want your wallet, or some crazed homeless zombie cold cocks you, you can be absolutely certain that will be the end of it; there will likely be no effort made to find the perp, and if by some chance someone is caught, you can be sure they won’t be prosecuted. The city will eventually pay the price.
3b,
I have no idea why that complex has been halted. Maybe they’re having trouble finding enough pretty, prestigious and haughty people to fill up the place. Or, maybe Emerson doesn’t carry enough prestige to impress friends and family. Appearances are important, you know.
1:58 when was the last time you set foot in SF?
NJ right wingers wish they could live in NYC or SF but can’t afford it. And are unwilling to move to Oklahoma, Kansas or Mississippi. Go figure
The LES is still good too. I like what they’ve done there post covid with closing off some streets to through traffic and adding a 5MPH limit. There are barricades at intersections to force people to weave around them. LES is still grimy.
Actually, NJ right wingers don’t even want to visit NYC anymore. At this point, neither do my left wing friends.
Ok, but Alphabet City is post-college frat scene. I was shocked. The neighborhood is sketchy, but it looks like the old 80’s/90’s Streets bars on the UES.
Nobody wants to live in New York. Today’s NYC reminds me of that old Kurt Russell movie “Escape From New York”. The major difference is that reality is worse than the movie. For that matter who would want to live in Philly, San Francisco, LA, Chicago, etc, etc. The downhill slide continues but it will be getting much worse.
What a scorcher today 96 F up northern NJ and about 94 F here near the shore, must be the hottest day of the year. My Pool is still open and I may even BBQ tonight!
Juice
It’s been over 100 almost everyday this summer in Texas. The difference between 105 and 110 is at 110 when I step outside I take 1 or 2 steps and think d@mn it’s hot. 105 I get to walk 15-20 feet before I have that thought. 98 actually feels comfortable.
Hahaha Texas is the ante room of hell.
5:00
Nah. That’s what your guest room is.
The Emerson house is a rebuild on existing foundation with an addition to the original foundation. Getting over 1 million in that neighborhood of Emerson blows my mind.
House I posted in Westwood, a 3 bedroom 1.5 bath split with about 1500 GLA sold for $815,000. List was around $729. INSANITY!
Here is the Westwood property
https://www.zillow.com/homedetails/39-James-St-Westwood-NJ-07675/38057298_zpid/
Old: That is insanity! Is Passaic any cheaper? Not really familiar with it. Just curious.
I have family in both towns they will be glad to hear of the new record prices per sq ft.
It has to collapse, the young family’s walking around the neighborhood with strollers is great. But it seems like all 1st time home buyers, where are the getting the $.
Interesting, $1,299,000, and no pictures of the graveyard across the street on the busy 40 mph road. I mention this one because it is the last in the 4-house new development and is selling for quite a bit more. The house next door went for $799,000 2 years ago. So $500,000 more in 2 years basically the same new construction home although about 500 sq ft larger.
https://www.remax.com/nj/middletown/home-details/4-southall-lane-middletown-nj-07748/773133605208945869/M00000452/22323033
re: “where are the getting the $”
Pull forward inheritance? Covid did take out something like 1.2 million…
I forgot to mention and NO GARAGE!! How they heck are they allowed to build these without garages…
JUST IN: August marked the busiest month of record for US Bankruptcy Courts, according to Bloomberg.
There are now $238 billion of corporate bonds and loans in the US trading at distressed.
The entire month of August saw 23 large bankruptcy filings.
Last week alone, there were 6 large bankruptcies for $3.1 billion.
Is a credit event approaching?
Juice: Some perhaps getting big inheritances, most I am guessing probably not. Loss of one income, and those folks paying that kind of money are in major trouble.
Td America now has 1 year CDs at 5.7%.
Highest I have seen it ever in the last 10 years, even Valley National has a 5.25 % 1 year CD.
Over the next year, a record $7.6 TRILLION of US debt is set to mature.
In other words, 31% of all outstanding US government debt will mature over the next year.
Previously, this was not a problem as we have had historically low rates for 15+ years.
This debt would simply be refinanced at the same or even lower interest rates.
How about now?
Interest rates have more than doubled over the last 2 years and refinancing this debt becomes a bigger problem.
US interest expense is about to skyrocket.
US debt-service costs are now at their highest since 2009 as rates soar.
Over the next year, this will continue to rise as US debt is refinanced at higher rates.
Yet another sign that $4 trillion in “free stimulus” is not really free.
There’s no such thing as free money.
Meanwhile, the US is issuing record levels of debt to cover deficit spending.
Over the next 2 quarters, the US is set to issue nearly $1.9 trillion in Treasury debt.
Deficit spending is pushing rates higher.
Pushing them higher?
The Fed can’t raise rates to deal with inflation anymore due to this very issue of debt service.
And Congress will continue to print thus creating more inflation.
The Fed is trapped.
Tic tic tic…
Kick-ass sushi dinner, 3rd Row for Marc Maron & guests at the Club Largo. Oooo LA is terrible. Last time we were here Sandler dropped by and worked out some new material.
Where are they getting the money?
Almost 20% of working individuals in the US earns $100k+.
There was a convo on here once where the participants opined that it was commonplace (albeit in NJ suburbs, perhaps not nationally) for parents to spend $10k+/year on their child’s extracurricular sport (dance or hockey or whatever). This was an eye popping number to me and it actually changed my understanding of the US economy. So, so so much media handwringing about the poor in the US. But, there are millions of Americans just swimming in money (even though, it doesn’t feel that way to them). Success in this country isn’t some high spectacle only achieved by the utter few. It’s achievable apparently by anyone who is reasonably aiming properly and can keep perspective about objective well-being compared to relative goods.
Meanwhile, the US is issuing record levels of debt to cover deficit spending.
Interesting. A catch 22… a conundrum… damned if you do, damned if you don’t. I need to research to fully understand it.
Juice: the drawings show a garage. I think the pics are just the model
Seems Mayor Adams is going off script, good thing he is a black mayor, otherwise he would not be able be to say this without being labeled a wacist.
https://www.dailymail.co.uk/news/article-12490335/The-city-knew-lose-Eric-Adams-says-New-York-Citys-migrant-crisis-DESTROY-Big-Apple-warns-10-000-illegal-asylum-seekers-arriving-month-flood-five-boroughs.html
1987 Condo – I did a drive-by. They did indeed stuff a 2-car garage into the basement. It is not even a nice double bay dour 2 car garage, it’s a single cheap white door. Is that all you get for your money?
The former top cop grew emotional as he talked about buses of migrants arriving on a near-daily basis, with over 10,000 arriving every month. Upwards of 110,000 are littered across the metro, and Adams’ office has estimated the issue will cost New York City $12billion over three years.
Thank G0d for the compassion of these sanctuary cities and states and for not using these people as political pawns.
Crushed: Some and I would say many in the suburbs spend all that money on sports activities in the hopes their kid get a scholarship for whatever sport, and or in the hopes the kid goes pro. I have seen/ heard this multiple times over the years. When it does not happen the money stops as in the parents don’t pay for college. I have seen this as well. Often these parents say it’s their kids dream, but in reality it’s the parents dream.
3b, Suburban Passaic County is somewhat cheaper than Bergen. The further northwest you go, the cheaper it gets. There is nothing inexpensive anymore.
This is almost unbearable to watch but bear with it as it’s barely a few minutes long:
https://www.yahoo.com/lifestyle/watch-man-calmly-ushers-giant-180032422.html
My kid proudly played for the cheapest hockey program in the state. The Montclair Hockey Club. Most years, it was around $3K. Triple AAA clubs average over 10K per kid, and that’s before equipment and hotel costs.
A close friend of mine pays nearly 10K for her daughter to dance, mainly on her costumes/makeup. She got so good, she wants to go to a dance college. I wonder what the tuition is there? So after spending probably 300K, my friend’s kid might end up on a brass pole.
The former top cop grew emotional as he talked about buses of migrants arriving on a near-daily basis, with over 10,000 arriving every month. Upwards of 110,000 are littered across the metro, and Adams’ office has estimated the issue will cost New York City $12billion over three years.
That’s $33,333 per immigrant if he’s talking 360K immigrants. That seems awfully high. Then again, the government is involved.
That bear video is insane.
My drives a delivery truck into NYC everyday. He says they are everywhere.
re: “awfully high”
What do you think those hotel rooms in NYC cost? They have made deals with many hotels so far, some for over $300 a night fully booked for at least 12-15 months. That cost alone is billions, 140 hotels have signed up to house the immigrants.
Anecdotal, a friend of the family showed up for their pre-booked hotel in Ireland this summer. When they arrived the front desk said they could not accommodate them, as it was full of immigrants, those being some of the 80,000 Ukrainians that are being cared for and housed in Ireland.
Why don’t they just build some barracks?
West Milford; this is definitely doable for the condition and price. Main road but what other option is there?
https://www.trulia.com/p/nj/west-milford/371-otterhole-rd-west-milford-nj-07480–2006572761
Libturd,
See what a few beers and a cigar can do for you? The guy never dropped the cigar! LOL! This dude is about to get his 15 minutes of fame.
Virtually all of the immigrants now flowing in across the southern border that have arrived in NYC etc do not have any kind of work papers, Feds say they can work as asylum seekers but have not provided any kind of paperwork to do so thanks to federal bureaucracy.
They are doing doordash, uber eats etc on scooters. Dozens of gas and electric scooters can be seen lined up in front of the NYC hotels. None are licensed to drive or registered or insured.
NYPD went to confiscate the scooters and fights broke out, with arrests made.
What is to be done?
Lib – re: “Why don’t they just build some barracks?”
It’s been done on Randall’s Island, 2,000 “beds” for mostly single males and it is virtually empty. There is no work for them. That is what they will need to stay here and live the dream. Working papers, which is a whole different problem, why should they get to cut the line? There are plenty of undocumented workers here now, many here for a long long time.
https://gothamist.com/news/largest-migrant-relief-center-in-nyc-opens-on-randalls-island
Old: Thanks makes sense as far as anything making sense in this environment.
What is to be done?
No worries, Carmella is the border Czar. She’s got this!
Juice: How are they being hired with no license and insurance, it’s not like they are working for a landscaper. These are individuals, how do they even know where they are going, as recent arrivals, and no English.
Back to the bear video… there’s a Corona box on the table. If it was a Budweiser box of sorts, that would have been InBev’s road back to recovery. They could have parlayed it somehow into the “Real Men of Genius” ad. But, it wasn’t meant to be.
3b – how are they being hired?
Easy in NYC they just register as a bicycle delivery person to get paid. All they need is a smartphone and bike and a doordash account etc. They then switch to use an electric or gas scooter to make more and faster deliveries etc…
3b
And if those parents instead of spending 10k a year per kid on travel teams put that money into a 529 plan the kid would easily afford state college BA and masters or go to a private school for a bachelors and have little to no school debt when they graduated.
Hold: Exactly. I have seen this multiple times, in my town and heard the same from family and friends in other towns. I would say it is quite prevalent. Sadly, some end up doing a number on their kids. The “ dream” is often times the parents dream.
Juice: I had no idea.
Libturf
They’re building metal barracks on Roosevelt island. Estimating it will cost 10k a month per person they house there. Ridiculous. My mortgage, utilities, car insurance, health insurance and family of 4 eating out every meal wouldn’t be 10k a month.
Correction
Randall island
Beer it’s already done, and my understanding is it’s pretty empty. The contractors that built, manage the day to day and now guard it are laughing all the way to the bank.
Bear video: He’s going to need a bigger fence.
3b – It all could be solved down in Washington DC. There are 2.5 million cases pending in federal immigration court, these people will be in limbo for years with no work authorization. There simply aren’t enough judges, or case workers or anything else to deal with this massive backlog of cases.
It is completely a federal problem and it will be a big election issue, and the Mayor of NYC now finds himself powerless and sees no end in sight to this real problem. Many other leaders in cities across the country may feel the same as Mayor Adams as it is now bankrupting even mighty NYC.
You’re kidding, right?
3b says:
September 7, 2023 at 9:18 am
Juice: How are they being hired with no license and insurance, it’s not like they are working for a landscaper. These are individuals, how do they even know where they are going, as recent arrivals, and no English.
I think I mentioned that my niece is a primo dancer, basically top level. She performed with major act at Coachella a few years back. My bro-in-law spent every nickel to keep her in lessons since 5. The training, the shows, the costumes, the make-up, agents, food, travel..I don’t kn0w but my conservative guess 350-400K over 15 years. She is absolutely amazing young woman. Checks all the boxes – pretty, driven, smart. There is not one thing more she could have done to make this her career. Reality is that she tries out with 400 other girls for big tour, she gets down to final 4 and they are taking 3. She is Italian genes so tan, dark eyes and hair. She does not get selected bc she is “not the look” for the tour. That could be race or hair color…who knows. That is dance. She stopped going to UofC to follow a tour around the world her freshman year. She is now 21 and back at home, taking on-line classes. Odd gig work lately here and there. One in NYC for some rich debutante who wanted a choreography for a a big shin-dig. She flew from CA to NYC for $700 over 5 days. Yes they covered her flight and hotel but JFC, you can’t survive in that business. She is now thinking accounting. Meanwhile, bro-in law can barely afford his rent in CA and always on verge of financial collapse. I know his elderly parents help him out. Greatest dad in the world. It is really sad.
It’s always that easy isn’t it.
Libturd says:
September 7, 2023 at 9:05 am
Why don’t they just build some barracks?
3b
Exactly. My kid in college decided to transfer from state to community college after 1 semester Last year. We had about 3 years of tuition room and board for him at a state school. We stopped contributing to his college fund once he transferred to community college and increased money to our high schooler. Will be done contributing this year and have 4 years state school room and board and will stop contributing. It’s a nice feeling to have college covered. My wife wants to put a chunk of her yearly bonus into a slush fund in case they go to private college or to grad school or need help getting started in life as an adult. Otherwise the money we were putting into 529 is going to us to replace a car and have fun with.
Note if my car was a person it would be a junior in high school. College kid is now driving it, I’m using my wife’s car with 185k miles on it since she now has a company car. Might keep the 2 hoopties until they have a catastrophic repair and just get another car since we will have 4 licensed drivers in another year.
Well, according to this post by Crushed, it’s achievable by anyone reasonably aiming properly.
Crushednjmillenial says:
September 6, 2023 at 11:01 pm
But, there are millions of Americans just swimming in money (even though, it doesn’t feel that way to them). Success in this country isn’t some high spectacle only achieved by the utter few. It’s achievable apparently by anyone who is reasonably aiming properly and can keep perspective about objective well-being compared to relative goods.
Bystander says:
September 7, 2023 at 10:05 am
I think I mentioned that my niece is a primo dancer, basically top level. She performed with major act at Coachella a few years back. My bro-in-law spent every nickel to keep her in lessons since 5. The training, the shows, the costumes, the make-up, agents, food, travel..I don’t kn0w but my conservative guess 350-400K over 15 years. She is absolutely amazing young woman. Checks all the boxes – pretty, driven, smart. There is not one thing more she could have done to make this her career. Reality is that she tries out with 400 other girls for big tour, she gets down to final 4 and they are taking 3. She is Italian genes so tan, dark eyes and hair. She does not get selected bc she is “not the look” for the tour. That could be race or hair color…who knows. That is dance. She stopped going to UofC to follow a tour around the world her freshman year. She is now 21 and back at home, taking on-line classes. Odd gig work lately here and there. One in NYC for some rich debutante who wanted a choreography for a a big shin-dig. She flew from CA to NYC for $700 over 5 days. Yes they covered her flight and hotel but JFC, you can’t survive in that business. She is now thinking accounting. Meanwhile, bro-in law can barely afford his rent in CA and always on verge of financial collapse. I know his elderly parents help him out. Greatest dad in the world. It is really sad.
Phoenix: Yeah you are right, point taken.
re: “barracks”
Remember we resettled lots of immigrants in the last few years. At Fort Dix in 2021 we had 14,500 immigrants from Afghanistan living there for about a year. The difference is they were given asylum visas and working papers. 76,000 total in one year resettled throughout the country.
Many coming today across the southern border today are not really asylum seekers. They most likely be judged to be economic immigrants and expelled.
Some simple stats of the southern border crossers from 2022.
Single adults 2022: 91%
Expelled under Title 42 in 2022: 86%
Encountered at ports of entry 2022: 9%
Who knows what will happen with the people the border patrol does not apprehend and process in the system unless the laws are changed again? Never any chance to stay here legally. There is virtually no chance of that happening before the next election.
Phoenix,
You and I both know that America worships avarice. We are obsessed with the rich or the appearance of wealth. We make our politicians wealthy celebrities. A CEO thinks they are some Hollywood star and workers treat them as such. I could give a flying f% if some board member visits our location but workers jump around like it is the hottest ticket in town. At the end of day, I say look around at your close family and friends. Check the people where the truth is not filtered through some media lens. You will find a few ‘well to do’ people but mostly average folks, cobbling a retirement together. You will also find many on verge of financial ruin due to divorce, bad health or bad decisions. Those stories are never told in the media. We want to hear about Buffets, Gates and Dalios of the world. Wealth achievable for some due to work, discipline and perseverance but there is also alot of luck with timing, health, inheritance. No one tells you about the last 3 but America is full of people that just fell into properties and money.
Hold: Good strategy/ plan.
Bystander,
You speak the truth. Kids in my kid’s school some broke azz, others driving brand new Range Rovers and BMW’s.
That gap, between the have’s and have not’s, it’s not just a jealousy thing, it becomes a survival thing. America doesn’t have safety nets, just other wealthy Americans with spikes and daggers waiting to kill those who have fallen, and sadistically enjoying the process.
Mass migration has happened for centuries. Not going to stop now, not going to stop ever.
Global warming, whether real or man made, is here and knocking on your heels.
America, this is what you were, and now you suck- Really no different than the British who took over the Ottoman empire and screwed up the Middle East so badly the place is a perpetual war ground:
“Give me your tired, your poor,
Your huddled masses yearning to breathe free,
The wretched refuse of your teeming shore.
Send these, the homeless, tempest-tost to me,
I lift my lamp beside the golden door!”[12]
Bystander,
I am no longer religious, but I do wish you and your family the best of luck.
I say that wholeheartedly.
HMB
“It’s a nice feeling to have college covered.”
I will be paying child support until I am 70.
Not sure how I feel about that, mostly fuc kin pain in all of my extremities.
Paying for college-ain’t got no clue. Guess I will wing it when the time comes.
Bystander/ Phoenix: It is much easier to project wealth today, then to actually have wealth. People paying 700 to 1000 a month for a car payment, not because they all have to, but because they want to. I drove my cars for years, bought a new one for my wife 4 years ago , it’s paid for. She could care less what she drives, as long as it works, and is safe. I am driving another old car now, minimal mileage on it, as it was rarely used, and looks brand new. It’s paid for. I have no issue with anyone who wants to buy a new car, if they can afford it, and by afford it, I mean buy outright, or finance a couple of years if it made sense, but financing a car for 5 or 7 years? That is insane in my opinion.
I did all of that. Saved. Drove old cars. Packed lunches. Worked overtime. Did my own car and house repairs, mowed my own lawn, invested, saved, bought property, took a job that helps people. Did all of the right things.
Still ended in the toilet.
Met plenty like me. We are the other part of America, the ones that wealthy Americans like to look down on. The ones that they see as “blight.”
It’s a little early to make a mad dash for bread, milk and eggs but that soon-to-be CAT 5 Hurricane Lee will be coming up the east coast….
3b
I know cars. How to repair, rebuild, inspect.
Those who can afford a new car have a huge advantage, especially if they are women or don’t have someone who knows cars, or how to fix them.
You are a woman, get stranded in some weird place with your crappy Ford? You have a problem. Most can’t solve simple issues on even older cars.
The days of the VW ” people’s car” is long gone. A “cheap” new car is 30k.
And if you aren’t wealthy, guess what, you pay more in interest than someone who can afford to pay interest. No write off for going to work in your car, unless you own a business-or it’s your second job.
Lets not forget the parasites we call mechanics- some good, many crooked or, for the most part, incompetent.
Then there are the new cars, like the Ford F-150, where a leaking taillight led to a 5k repair bill as it’s full of modules that short out when it gets wet. Watched that video, you couldn’t get me to buy one. I’ll take the one Mr Majestyk was driving.
I wonder how the Americans are planning to carve up Russia should they succeed in completing it’s demise.
There must be a plan somewhere. We have way too much invested to walk away without divvying up the proceeds.
Juice,
Been watching for a few days now. I have a feeling Lee will stay out to see, which most storms that turn before the Caribbean Islands do. This one may wreck Bermuda though. We’ll know more this weekend.
Phoenix
Sorry to hear that.
Write a dystopian novel
Comrade Phoenix,
Thank you for spreading Putin’s words. But if you learn a little russkie history you’ll learn that your Russia is not coherent country like France. But it is a force amalgamation of multiple cultures, religions, and language under the Russian flag.
Key word is forced. Think what the USA would be like if OrangeTreason was a Stalinest perpetual president for life and it included present USA, Canada, Mexico, Central America , All Caribean Island, the Phillipines, some Middle East areas and all enforced by a continual dictatorial police state like China.
I’m afraid that Putin’s and your dream of an all powerful successful Russian empire has as much legs as Bin Laden’s world caliphate. Russia will spin apart because there is no natural centripital force keeping people together, just brute force holding centrifugal force at bay.
https://www.youtube.com/watch?app=desktop&v=moAwkzPSxAo
There must be a plan somewhere. We have way too much invested to walk away without divvying up the proceeds.
Doubtful. We invested as much in Afghanistan. There was no plan. It’s just a grift. Money to Ukraine, some of it back into US politicians pockets.
Phoenix: I used to do or of my own car maintenance years ago, but with work and young kids at the time, used a local mechanic for years. Dishonest and stopped using him, went to another local guy for a few years, dishonest. So much for supporting small local businesses. I use one of the big chai s now, bit of a pain having to drive drop off and then come back, but worth it. Anything big like a tube up or brakes comes with a guarantee for X amount of miles. Always stay on top of the service for my card.
3b, I’m a running joke at the school for the car I drive. My civic has no more paint on it and looks like hell. I drive the crappiest car in the lot by far. The rest are driving Audi’s, Lexus, BMW and begging for their first paycheck.
“NJ right wingers wish they could live in NYC or SF but can’t afford it. And are unwilling to move to Oklahoma, Kansas or Mississippi. Go figure”
Never a NJ anything but I had reason to pay attention to KS recently. As far as I can tell it has a disproportionate number of tall athletic blondes, good Nordic/Germanic farmer stock I guess. Doesn’t suck.
“Ok, but Alphabet City is post-college frat scene. I was shocked. The neighborhood is sketchy, but it looks like the old 80’s/90’s Streets bars on the UES.”
Yes, far from the times of Save the Robots…..
Hmm,
I’m not Russian nor pro Russian.
But if there is one thing history shows you, America meddles all around the world.
So why not there?
3b
You get a good mechanic, you stick with them. Had one for years when I was a kid, back when America was like Mayberry.
Those days are gone now.
3b,
You can make it in America for sure. You need to learn to live within your means and spend time on learning finance. To this day, it boggles my mind that persoanl finance is not a high school or college requirement.
I just wrote my second check to payoff my first semester tuition bills for Gator Jr. Between the scholarships (which are split between the Fall and Spring terms) and the grandparent waiver, I took about $5000 out of the 529 including about $1.5K in transportation costs. The college received a total of $6,000 dollars from me directly for the first semester. Next semester should be about the same. Keep in mind, this is the first time we are tapping his 529. This 529 was made of $16,000 in principal. This principal consisted of all of the checks my son received as gifts over his lifetime that were over $20. This totaled about 6K. the other 10K was money earned buying everything we can and especially the dining rebates through Upromise. The 529 was worth a hair under 50Kwhen we tapped it. Remember, my kid only has to attend UF for 3 years as he scored so well on all of his AP exams. I guess some kids learned just fine remotely (during Covid). My 529 will easily cover ALL of his undergrad costs.
And if you didn’t see the WSJ yesterday, Florida is their #1 ranked public university. Not bad for an education paid for entirely through the kids own money and our Upromise rebates compounded.
It can be done. Easily. You just need to invest some time studying finance and taking advantage of discounts, rebates, coupons, etc.
Here is another example of how Captain Cheapo roles. I run a Fantasy Football league. This is our 23rd year. Well I used to subscribe to a service that provided me drafting and weekly starter advice. It started at $10 two decades ago and I would share the subscription with one other person to defray the cost. Well the price has crept up over the years and it is now $31. Too rich for my blood. So I saw a different service was offering their picks (and software) for free if I made a $10 deposit to Bet MGM Sportsbook online. Plus, MGM would give me two additional $10 bets for free. I bet my $10 on that unranked UF tennis phenom to beat the ranked number 10 opponent in the US open since he easily knocked off the #14 guy two nights earlier. It paid $30 for my $10 deposit. I won that bet and I now got paid $30 with two free $10 bets left, and obtained my fantasy football advice for free. A true Captain Cheapo steal.
This is the way.
Phoenix, if you are serious about CS until 70 you are either much older than I ever thought or your lawyer ought to be shot.
And, yes, if under those conditions you have no meaningful college funds already saved and are the primary earning parent you are wildly fucked.
Instead of killing yourself now just to have your familial relationships blow up in your future face after having become destitute find a tribe you fit into now – doesn’t matter, Harleys, jam bands, nomads, whatever – work cash jobs and enjoy the present youth and health you have along with any pleasure derived in the moment.
Otherwise beware the oncoming horn on the track in Clifton.
Not kidding. All you truly possess of value in your life is your time and health. You are giving both away, not for free, but actually paying for them to be taken from you.
‘Responsibility’ is chimeric construct in a corrupt system. Process that, and walk now.
Phoenix – “about carving up”
Last time we tried that Sleepy Joe was in the Senate. He and our current Secretary of State Blinken who worked for him at the time came up with a plan. Carve up Iraq into three countries. The best they could come up with for names I kid you not was Sunnistan, Shiastan, and Iraqi Kurdistan. The Iraqis however did not like that plan they decided to remain a country and well told us to leave.
Sleepy Joe and Blinken have supported every war and every intervention. Look where it has gotten us now thousands of US troops in Europe are ready to step in if well Ukraine fails.
These Neoliberals running government now should not be confused with any other group they are the same as the Neoconservatives that dragged us into Iraq and Afghanistan, Libya, Syria etc wars for nearly 20 years and the trillions in treasure and the blood of tens of thousands of Americans dead or wounded.
Juice: Some people talk about carving up Russia in the event Putin is ousted. The problem with that belief, is that these “ republics” in the Russian Federation are still all for the most part ethnic Russian majorities, many substantial majorities. The Czars and Stalin were instrumental in settling Russians in these areas.
3B – the only thing they believe in is mother Russia, we might as well be telling the Irish they have to leave the EU and become a Commonwealth realm under King Charles.
Sleepy Joe and Blinken…
Is this a cop buddy comedy drama coming to theaters in the near future? Will this be even better than Slo Joe and Carmella starring in ‘Shytes and Giggles’?
Capitalism at its very best.
Ain’t that the rightwinger libertarian dream?
Juice Box says:
September 7, 2023 at 9:33 am
3b – how are they being hired?
Easy in NYC they just register as a bicycle delivery person to get paid. All they need is a smartphone and bike and a doordash account etc. They then switch to use an electric or gas scooter to make more and faster deliveries etc…
Unstable – re” Capitalism at its very best”
Doordash also provides them banking via the “dashcard”. The poor immigrants give back even more to capitalism via massive fees. Something like a $2.00 charge to use the money they made that day to make purchases, plus other vigs baked in.
NJ rightwinger might move to Florida or North Carolina, but never to the true GOP controlled south. They very much enjoy the liberal northeast.
leftwing says:
September 7, 2023 at 12:00 pm
“NJ right wingers wish they could live in NYC or SF but can’t afford it. And are unwilling to move to Oklahoma, Kansas or Mississippi. Go figure”
Never a NJ anything but I had reason to pay attention to KS recently. As far as I can tell it has a disproportionate number of tall athletic blondes, good Nordic/Germanic farmer stock I guess. Doesn’t suck.
ROLF – Pumps here is you day trading vehicle to great wealth.
Ark Invest files for spot #Ethereum ETF
Juice: That’s my point, with those republics, their allegiance is to Russia, I don’t see them declaring independence in the event Russia collapses . As for the Irish, in the event there ever was a united Ireland, the Unionists in the north will demand a united Ireland rejoin the Commonwealth. Family and friends I have there say there is no interest in the south in rejoining the commonwealth, for multiple reasons including a massive waste of money/ bureaucracy. And, there is no desire to leave the EU.
If I was fucked in a divorce, I would immediately sell every asset, and turn all of my wealth into gold bullion. I would then hire someone trustworthy to bury it somewhere. I would immediately escape to a third world country, would change my identity, would return home to retrieve the gold and then head back to the third world and would anonymously moneygram my kids large chunks of money periodically. I would continue to live poorly off the grid in the third world. I might venmo my ex-wife a penny every few days.
BREAKING:
Federal prosecutors plan to ask a grand jury to indict Hunter Biden, the son of President Joe Biden, before Sept. 29, they revealed in a court filing.
The filing comes six weeks after a planned plea deal for Hunter to resolve charges of tax and weapons crimes fell apart when a judge in U.S. District Court in Delaware questioned its conditions.
It is possible special counsel David Weiss will seek an indictment against the president’s son on a firearms charge, at the least.
Oil prices up, jobless claims fall to lowest level since Feb. Does the Fed ignore it and pause this month? Wall St seems to still think so.
I think they do. Then, off to the races till the end of the year. September usually sucks. October-December is usually when the money is made.
Lib: I think you are right. They should not pause in my view, but they will.
Yup.
Phoenix,
Thanks . I hope one day you get that second chance at finding a great woman. They are out there. Your posts always remind me of how I escaped my first who was bi-polar, ‘poor but need to be rich’, Brooklyn psycho. Soulless, that is how I would describe her at the end of 6 years together.
Speaking of another Phoenix, I caught them with Beck last night in CT. I knew 1901 but pretty good live show. We are a Beck family so there to see him. Listen to all his stuff, even our kids. He is truly a genius both musically and visually. Life is good sitting in warmth while wife and kids sing along to Mixed Business and Girl.
Bystander: Soulless is a great word. I have heard it used recently in describing some people we know, and it truly does describe them. No other word does it justice Soulless.
Teachers aide in Paterson arrested for sending sex pic to student. This madness just doesn’t end.
Barclays says the Boomers are responsible for the surge in housing prices, as they have been shutting out the younger generations due to being more affluent. The rationale does not make sense to me, but I only skimmed if. It’s on Bloomberg. Let’s blame them anyway!!
Reference the Ukraine. The US has a lousy track record of regime change going back to the 1950s. While Biden, or rather those actually running the administration, may want Putin out of power, tried for War Crimes, etc, that is highly unlikely to happen. Russia has adapted their economy to be fairly self sufficient since they have been under sanctions for many years now. Moreover Russia’s size in comparison to the Ukraine means Putin has a significant advantage in replacing causalities. The US has spent billions up to this point and that money has bought us a stalemate. Better to spend our blood and treasure for a cause that is really in our national interest- Shift our focus to the Pacific.
Before we send our blood and treasure to the Pacific lets make sure we have a draft in place so get all go, not just the low income whites and minorities. No college deferments either. I know a few older guys rock ribbed Americans all for sending Americans to fight and die in places like Afghanistan and Iraq, except of course their own kids or grand kids, That blow hard Bill O’Reikly was asked that question years ago when he was screaming about how we should invade Iraq, when asked if he would encourage his kids or grand kids to go, he said he would go. Like the military would take some old ass 50 something year old guy in the service. These same older guys I know, all got deferments back in the day when they were drafted.
3b I was in the service for nine years, all spent overseas except for military schools. I merely observe that a vast fortune of US taxpayers money is being spent currently in a proxy war in which none of the participants- the US, Ukraine, or Russia- can meet their stated objectives. It also does not appear that this war is genuinely in the national interests of the United States. The Pacific is another story with a pending conflict between China and Taiwan.
LW
Number is accurate. Did you think I was just irrational?
Humans are soulless creatures.
Airlines Are Racing To Find Fake Parts In Airbus And Boeing Engines
The counterfeit engine parts were supplied with forged documents by a London-based supplier
Chad: I am ambivalent somewhat on Ukraine. I don’t think the Ukrainians are ever going to win as in getting all of the land back that they have lost, including Crimea. But, do we do nothing? Will that embolden the Russians to grab other areas? Maybe yes, maybe no. But, empire’s are expensive, so perhaps not.
As for China, I do agree they are more of a national security threat than Russia. I think we have other alternatives before we have to engage in a conventional war with China. However, the powerful vested interests won’t allow that. If China invades Taiwan, I agree it will be war. Will China do it?? If they do, then it could be Armageddon.
Phoenix: They are indeed.
3b All good points. Many people make the argument that the Russians must be deterred or they might invade other sovereign countries. The reality is they haven’t been able to take Kyiv in spite of having numerous advantages. Their military appears to have been seriously overrated.
Chad/3b,
You know who the real threat is….US.
Bring it!! We have the most resources, most isolated land structure, and most innovative minds the human race has ever seen. Bring it.
Calling a det upset, see what happens. Are you ready for some football!!
Phoenix thought you had a newly minted teenager. So how old are you, 59?
Our did you pop out a newborn lol
Talking about F150s and Captain Cheapo.
Mrs. Fab drove her F150 Hybrid from the Ford Dealership to the Mazda Dealership. It is chewing through real axles every 20K miles at this point with no load. She does not like that unreliability. She doesn’t want to be towing a camper and the axle breaking on the road.
So we are parlaying the truck into a fully loaded Off-Lease CX-9 Grand Touring. Running the numbers on the trade its really a wash considering the truck is 3 years 45K miles vs the Mazda 3yr/36K coming off lease. We are looking a few K loss, but gaining that third row and she will go back to another F150 in a few years.
I took a look at the CS-90 and while the Plug in was tempting, I didn’t like the high step in. So we’ll go with the used CX-9 at half price.
Our camper is going as well and we will rent going forward. That is much easier, the rental company will have it set up for our arrival at a campsite and collect it when we are done. We did that last year at Disney Ft Wilderness and loved it. Given our usage rates over the past few years, Renting vs Depreciation will be a big win for the next few years.
re supporting Ukraine-
I don’t think it’s a coincidence that our old politicians (eg Biden and McConnel) want to support Ukraine, while many younger ones are more ambivalent about it.
The old guys grew up right after WW2; their fathers/uncles/cousins fought in it. They know that appeasing a dictator hellbent on territorial expansion doesn’t end well.