From Fast Company:
Fannie Mae expects U.S. home prices to rise in 2024; Morgan Stanley disagrees
“When we published our year-end forecast, we were expecting [housing] affordability to improve. . . . If mortgage rates were to stay here that improvement would be occurring far more quickly than we originally anticipated,” Morgan Stanley housing strategist James Egan said on a recent Morgan Stanley podcast.
Egan added that Morgan Stanley originally anticipated existing home sales would rise 2.5% in 2024, while new home sales would rise 7.5%. But “if this affordability improvement were to really solidify here,” he says, a slightly bigger sales improvement would be expected in 2024.
But despite predicting that home sales will rise this year, Morgan Stanley’s forecast model still expects U.S. home prices, as measured by Case-Shiller, to fall 3% in 2024.
“While we do expect [home] sales to increase, we’re also expecting for sale inventory to increase [in 2024]. Even if only at the margins. What our models are telling us is that increasing off multi-decade lows from an inventory perspective, is enough to push [national] home prices down a little bit in 2024 despite the increase in [housing] demand we’re forecasting. We’re still calling for [national] home prices to decrease by about 3% year over year,” Egan said.
But that would hardly be a crash, let alone a “material” correction.
“I would stress we think this is a moderation, not a correction in [national] home prices,” Egan said. “We also don’t think there’s a lot of downside down below that 3% number as homeowners do remain the strong hands in this cycle. By that we mean we don’t think they are going to be forced to sell into materially weaker bids. That has [added] and will continue to add a lot of support for home prices this cycle. We just don’t think that support doesn’t mean home prices can’t decline marginally on a year-over-year basis in 2024.”
First
I’m glad I get to subsidize the private jet set as they fly around the world and warn us of global warming and income inequity. They are much better than us
https://www.businessinsider.com/ultra-wealthy-private-flyers-are-costing-average-flyers-a-lot-in-taxes-2023-5
The whole last paragraph above is word salad. I’ll summarize: “Nothing’s changed.” The price of goods and services is high and eeking forever higher, salaries will continue to trail and a plethora of secondary jobs is your only option. Inventory will increase noticeably when rates drop substantially. If you’re in the market to buy, you better have somebody pushing you in a two car tango (NASCAR reference) or else you’ll never see the finish line.
Dang. Can we treat her Bob? Hell, I don’t rightly know. Y’all better call one of those fancy hospital lawyers and sort this out. I ain’t goin’ to prison over this. U know them there lawmaker types will make an example of us.
Jaci Statton sat in her car last winter, shocked that doctors at an Oklahoma hospital had instructed her to wait in the parking lot until she became sick enough to qualify for an abortion under the state’s near-total ban. Physicians agreed that the 25-year-old had a potentially life-threatening pregnancy complication; they just didn’t believe they could legally treat her.
Private airplane travel is significantly worse for the environment than commercial flight travel, since private jets carry far fewer people. Private jets emit up to 14 times more climate-warming pollution per passenger than commercial planes, according to a report by the NGO Transport & Environment in 2021.
Does that include the farting factor on the plane as well? Ultimately, the climate warriors need to travel to all corners of the planet to get the message out. It’s for the benefit of the children.
Fast: I guess as long as there is no recession( some say they don’t happen anymore), all will be well. There is a fair amount of white collar layoffs, but apparently it’s just noise.
3b,
Unlimited credit card debt is recession-proof. Layoffs have no affect on the ability to make minimal payments. That Ford F-150 Raptor means more to spiritual serenity than the rigors of enduring a recession. Besides, the media will never jeopardize the tremendous work democrats are doing for the American people by reporting such nonsense regarding financial burdens on any level.
Credit card debt means nothing. I know of an old guy that before he died renovated his property maxing out the credit cards, then gifted the property to his son after filing for bankruptcy.
He had money, he just used the system the same way others use the disability system.
It’s legal, so it’s all good. F the banks. F the national debt. You have one life to live, just live it.
Do you realize that by forcing that credit card on you, that your bank is actually preying on you? Donald Trump thinks so: Even after Mr. Trump sued his largest lender, accusing it of preying on him,
How Trump Maneuvered His Way Out of Trouble in Chicago
When his skyscraper proved a disappointment, Donald Trump defaulted on his loans, sued his bank, got much of the debt forgiven — and largely avoided paying taxes on it.
Just noise. Lib’s words.
3b says:
January 21, 2024 at 10:20 am
Fast: I guess as long as there is no recession( some say they don’t happen anymore), all will be well. There is a fair amount of white collar layoffs, but apparently it’s just noise.
Remembering Bell Labs as legendary idea factory prepares to leave N.J. home.
Sounds like a great piece of land for mixed use redevelopment. Just put a plaque outside the apartment complex honoring the work that was done at Bell Labs as America continues it’s slide as a country that cannot make anything, and that what once made it great, the middle class, disappears like Bell Labs into non-existence.
Beauty Queen?
https://www.dailymail.co.uk/news/article-12988883/Georgia-Beauty-Pageant-contestant-Trinity-Poague-arrested-murder.html#article-12988883
U should see what my neighbor procreated with. Yeah, this one is a beauty queen in comparison.
Men today have no standards. Or access to way too much alcohol. Or are desperate for companionship. Or CBD.
Or it’s just what they like. I mean, if you will stuff a bottle in your butt for enjoyment, why is this one not a beauty queen?
I’m gonna go out on a limb and bet if you could put trackers on women you would find out way more are cheating than you imagine. It’s projection when women say men cheat.
Hold my beer says:
January 21, 2024 at 11:16 am
Beauty Queen?
https://www.dailymail.co.uk/news/article-12988883/Georgia-Beauty-Pageant-contestant-Trinity-Poague-arrested-murder.html#article-12988883
Chinese media says he was a google layoff. Comments say he and his wife were top students in china went to their version if MIT, wikipedia says “better than MIT”.
“A Google software engineer was left “spattered with blood” Tuesday after he viciously beat his wife to death inside their California home, prosecutors said.
Liren Chen, 27, was allegedly found in a catatonic state with a swollen and bruised hand and his wife’s pulverized body nearby.”
https://nypost.com/2024/01/21/news/google-engineer-spattered-beat-wife-to-death-in-cali-home-cops/
Victims of American Capitalism.
Just noise.
Juice Box says:
January 21, 2024 at 11:38 am
Chinese media says he was a google layoff. Comments say he and his wife were top students in china went to their version if MIT, wikipedia says “better than MIT”.
“A Google software engineer was left “spattered with blood” Tuesday after he viciously beat his wife to death inside their California home, prosecutors said.
Liren Chen, 27, was allegedly found in a catatonic state with a swollen and bruised hand and his wife’s pulverized body nearby.”
https://nypost.com/2024/01/21/news/google-engineer-spattered-beat-wife-to-death-in-cali-home-cops/
Phoenix – Visa rules if his wife was on a H-4 she has to go home too. She is not allowed to work either.
Change of employers for an H-1B means a new application to stay.
If someone was rapping in front of my home for seven years at this volume I would be sure to outgun them with a few thousand watts of top 10 death metal.
https://www.instagram.com/p/CXPleLLFiI0/?utm_source=ig_embed&utm_campaign=embed_video_watch_again
https://www.dailymail.co.uk/news/article-12988373/Ted-Leonsis-Washington-Capitals-Wizards-Virginia-loud-rapping-angry-neighbors.html
Phoenix
Wonder if eyeglasses haven’t reached her town.
Juice
That’s ridiculous the noise they are making. Aren’t there noise ordinances in DC? Performing without a license? Vagrancy?
Whoa, DeSantis out before NH…. wow.
Beer- It’s cost the neighborhood the Capitals and Wizards teams and many local businesses will probably close because of it. To be clear the Politicians did by not enforcing the law. Mayor Muriel Bowser who has been in office since 2015 finally responded with a “task force” about two weeks ago after nearly seven years of complaints. Too little too late.
Washington Post Opinion piece
https://web.archive.org/web/20240118131808/https://www.washingtonpost.com/opinions/2024/01/18/ted-leonsis-street-musician-noise-gallery-place/
BREAKING NEWS!
‘We don’t have a clear path to victory,’ DeSantis said in the video announcing his departure from the race. ‘Accordingly, I am today suspending my campaign.’
Desantis greatest political accomplishment so far was to pick a fight with Disney.
Lol!
Democratic National Committee’s already decided that the Democratic Voters in New Hampshire effectively won’t count in the primary totals. They are out no matter what, you can write in Biden you can write in Grim as it matters not.
So much for the party of inclusion.
It’s hard to compete with a perpetual liar.
Juice,
The primary is waste of time for the Dems. Especially with the superdelegates. Even regardless of them, Howard Dean, when head of the DNC, claimed the results of the primary are only a suggestion as to who gets the party nomination. The party can choose whomever they want.
Send in your donations. You too can open a solar company.
What is shockin? The cult has been speaking for a long time. Trump is honest man. He did no wrong. J6 were Antifa and BLM. Election was stolen regardless his own failed audits, testimony from his own family/cabinet nor Faux News Dominion settlement. He is a truly for America and the common man,
Ron endorses Trump. What a spineless, disgusting coward. Guy had no guts to even debate on topics. Haley did yet blindly support the douche?
Libturd says:
January 21, 2024 at 3:53 pm
It’s hard to compete with a perpetual liar.
Good point, and yes, SlowJoe truly is a perpetual liar. Among his best: never having spoken with his deadbeat kid about his business dealings, his other son having been killed while serving in Iraq, having been at Ground Zero the day after the collapse, vaccines ensuring you can’t get COVID, etc, etc… You’d think the Dem stooges would eventually realize that they shouldn’t throw stones…
Pfffft nonsense. Trump is a demented imbecile & a perpetual loser.
The rare human being that has no redeemable qualities.
Family man? Nope. Good businessman ? Hahaha
Good leader? Hardly. Good person? Laughable.
He’ll lose again. Fuck the GOP .
Although we’re all making fun of DeSantis’s humiliation, we shouldn’t forget that his anti-vax crusade — in service of his doomed run — probably killed thousands of people.
Paul Krugman
“Ron DeSantis should be forced to carry his presidential campaign to term”
lol!
Wow, when Baker Mayfield gets into a zone, he’s insane!
tony romo is ruining this game for me
Some forecasts for AI in 2024:
Workday co-CEO Carl Eschenbach
“I think you’ll start to see co-pilots. We’ll have generative AI co-pilots that will help you navigate through things. I think it will start to push recommendations around where you need to be skilled or re-skilled and recommend to you what’s next in your journey to advance your career. We can start to look at recruiting as a way to leverage AI. And then we have this thing called a career insight hub that will help both managers and employees navigate their careers and give those recommendations on where you should go and get new skills to advance your career. And it will help them with internal mobility of your people.”
HP CEO Enrique Lores
“The AI PC is coming this year. And it’s going be probably one of the biggest changes in the PC industry since the PC was invented more than 20 years ago. It’ll allow customers to run AI applications locally. So what today you need to do in the cloud with a large language model, you will be able to do that in the PC. And from a cost, security, and speed perspective, it brings a lot of advantages.”
Qualcomm CEO Cristiano Amon
“One big conversation right now is how we can help industries and what are the different use cases. And there’s an incredible amount of interest in getting [AI] on the device. Just think about automotive as an example. Natural language communication is perfect when you are behind the wheel, and the car is now a new computing space. So how can we add those capabilities to some of the models, some that are in development with the existing hardware that we have.”
Tech investor & Black Eyed Peas star will.i.am
“One project that I just launched with Mercedes is called Sound Drive that utilizes AI and transforms how we listen to music while we commute. Taking the sensors from the electric car, it creates music just by driving. The suspension is altering the music, the steering wheel, the acceleration, the accelerometers, the GPS, and you’re just creating as you commute.”
AI requires fusion power.
“OpenAI CEO Sam Altman believes that a breakthrough in energy production is required to advance increasingly capable and power-hungry AI models.
In a panel discussion with Bloomberg at Davos last week, he argued “There’s no way to get there without a breakthrough.” Altman is in favor of renewable energy sources like nuclear fusion, and he is motivated to keep investing in the technology. He personally invested $375 million into Helion Energy – a nuclear fusion startup that has signed a deal to supply energy to Microsoft in the next few years.”
Deuterium and Helium 3 fusion?
To get Deuterium takes allot of energy to distill huge amounts of water.
To get Helium 3? We will have to mine the moon to get Helium 3…
When AI provides bad investment device or crashes a plane into a mountain, who will ne responsible?
advice
Actually, his greatest accomplishment was keeping the schools open while you nutjobs tried to keep them shut for an extra 12 months.
When AI provides bad investment device or crashes a plane into a mountain, who will ne responsible?
Another indictment against Trump, I say. ;)
OpenAI CEO Sam Altman believes that a breakthrough in energy production is required to advance increasingly capable and power-hungry AI models.
We need to get input from AOC on this one.
Maybe AI will figure out cold fusion?
Scientific breakthroughs take creativity that is not inherent in something that is programmed. What would be an interesting exercise is to see if AI could start from a base and solve problems that have already been solved. For example, I’d like to see it have the laws of physics from 1875 programmed into it and see if it could develop and alternating current generator on it’s own and conclude that it is superior a direct current power system for power transmission.
Can AI tell me what the hot 40 year olds are thinking while browsing aisle 5 in Shoprite? ;)
Shop Rite App AI:
Eddie. The dude that you think is a 40yrs old Karen is South Carolina Senator Lindsay Graham in drag. At this moment his thoughts are:
-Why is that creepy fat bald old man looking at me?
-I thought I would attract some Jersey Shore guidos by dressing like this and coming up here to Springsteen land?
-Is this the best can offer me?
-The creep looks like he’s senile, he’s wearing the MAGA hat, looks like he took his p3ck3r pills a little to early, and the only thing nice is his t-shirt saying “Better Russian serf, than a democracy citizen” – I got to take a picture and send it to my master, I know Boss Putin would love it.
BRT,
Heck, let AI lose on Tesla’s notes about wireless power transmission utilizing the earth to distribute current.
Though, I still know of very few examples where AI has showed any actual artificial intelligence. Just a lot of intelligence performed by massive computer power. I look forward to more of the self-learning aspect of it. Using your example of the laws of physics. There are 25,000 universities around the world. Gotta figure there’s at least 10 per on average. That’s 250,000 physicists all well-learned in the Laws of Physics. I wonder how such a number compares to the power of AI. Honestly, I still don’t see AI like the rest of the world does. I’ll be happy to be proven wrong. Need to see lots more on the artificial side of the equation. Right now, it’s not really artificial to me if massive amounts of human programming are directing the results.
Why is this 50 year old man looking at chicks 10 years younger than him? Shouldn’t he be moving into granny porn by now?
LOL. Decent effort but you could’ve said something like this: “She was browsing the condiments, saw the baby gherkin selections, turned and saw the guy in the O’Biden/Harris tee shirt staring at her and started laughing out loud.”
I’ll give you a B- for your efforts, though.
Again, another great test would be to give it all the data from 1920 and see if it can come up with relativity. My guess is, very doubtful. Hundreds of mathematicians were trying their hardest and it was just Einstein having that magic touch that did it.
So, if “ze company” agrees to eliminate “ze undesirables,” it gets to decide if zey are “undesirables” and allow it’s technology to be used to eliminate them.
This is exactly what is wrong with corporations and the power they have over the government you elect.
Anna Makanju, OpenAI’s VP of global affairs, said in an interview this week that “the ‘blanket’ provision was removed to allow for military use cases the company agrees with.”
OpenAI, the maker of ChatGPT, has quietly changed its rules and removed a ban on using the chatbot and its other AI tools for military purposes – and revealed that it is already working with the Department of Defense.
Experts have previously voiced fears that AI could escalate conflicts around the world thanks to ‘slaughterbots’ which can kill without any human intervention.
The rule change, which occurred after Wednesday last week, removed a sentence which said that the company would not permit usage of models for ‘activity that has high risk of physical harm, including: weapons development, military and warfare.’
The great test will be to give all the data from 1920 and see if it can come up with a way to sway the election 100% to get the person you control to be the one elected.
BRT says:
January 22, 2024 at 10:12 am
Again, another great test would be to give it all the data from 1920 and see if it can come up with relativity. My guess is, very doubtful. Hundreds of mathematicians were trying their hardest and it was just Einstein having that magic touch that did it.
Should be played at Biden’s acceptance speech for the Democratic Nomination.
It will strike the right tone
https://m.youtube.com/watch?v=Pg8pj1x9-t4&pp=ygUUbmVpbCBkaWFtb25kIGFtZXJpY2E%3D
Technology Trivia.
F14 Tomcat had a flight computer whose true capability was classified for 27 years.
They are doing calculations now figuring out how much society would have advanced had that computer not been kept classified and been allowed to do as much for good as it did for bad.
AI’s full capacity is not being used for the benefit of most humans. Without a doubt it is being used for evil purposes or financial gain.
The general public will get the sloppy seconds, after the Syphils and Herpes infections.
Biden’s song
https://youtu.be/mzvk0fWtCs0?t=71
A quote from a newspaper comment section. How detached is this commenter? Doesn’t he realize that the only thing Mitch feels at this point is the constant urge to pee?
“I will blame Mitch McConnell. He let this country down when he refused to find Trump guilty and wouldn’t punish him. I wonder how Mitch feels now when he thinks about his failure to protect this country and us citizens?”
Trump’s 2024 campaign song:
https://www.youtube.com/watch?v=c_q9HV9otUM
Fast Eddie says:
January 22, 2024 at 9:20 am
Can AI tell me what the hot 40 year olds are thinking while browsing aisle 5 in Shoprite? ;)
The women? They are all thinking how much they hate their husbands, and that if they tune up a few images of themselves and put it on Hinge they can be banging 25 year old guys like a piling rig while he is working.
Bystander,
I was just about to post this as Trump’s campaign song:
https://www.youtube.com/watch?v=cVlddw6e8vI
lol.
I thought this was Trump’s song for sure.
https://www.youtube.com/watch?v=sh7BZf7D5Bw
America was pretty funny, by the way Chicago!
Multiple US troops are being evaluated for possible traumatic brain injuries after missile barrage against base in Iraq
Shell shock. (the OG)
Battle Fatigue.
Operational exhaustion.
Post traumatic stress disorder.
Chi, I sent the files over. Not sure if protonmail makes it through the filters, did you get them?
For the record BRT, you definitely helped my son with what you sent him. Just got his Dean’s List letter for first semester and he paid his own Bursar bill from his 529 (his own money). Kid completed his first of three years for well under 10K. It can still be done. Can’t tell you all how proud I am of his continued accomplishments. I am very lucky.
In other news. Check out this deal. Gary, ask yourself again how “special” Bergen County is.
https://www.vegasparadisehomes.com/property-search/detail/95/2513947/8912-goldstone-ave-las-vegas-nv-89143/
Vegas has scorpions, Bergen County has unicorns… no comparison!
Good stuff.
Gary,
Is that AI? If so, that AI is something else. Dumpy will be able to spin lies and shitter twitter them faster than ever imagined.
‘This is going to be a stain on the police department’: Law enforcement expert reacts to FBI raid
FBI raids four Albuquerque police officers homes and an attorney’s office
ALBUQUERQUE, N.M. —
Albuquerque Police Department faces questions after the FBI raided four officers’ homes and an attorney’s office. Shortly after, DA Sam Bregman threw out more than 150 DWI cases.
On Thursday morning, federal agents searched a home in Los Lunas, where an APD patrol car marked as part of the DWI unit was also towed away. Sources tell us at the same time, the FBI was also raiding the homes of three other officers as well as an attorney. Those four officers all worked on cases that are now dropped.
Fast: And our unicorns shite skittles.
Fast
Hot 40 year olds? Max age for midlife crisis is 36
Jeff, 50, is a specialized surgeon. His wife Susan, 48, is a stay-at-home mom. Even though Jeff earns an enviable $665,000 a year, the couple — married 19 years — are still struggling to pay the bills.
Finance expert Ramit Sethi points out that people can have anxiety over money and bad spending habits whether they make $50,000 or $500,000 a year.
Hold is that age for men or women or both?
3b
It’s for whatever you identify as
My college kid is trying to find a new GP. First place he called wanted a 2k retainer whist to walk in the door. Never heard of that.
New Covid injury. Went to urgent care this morning for my shoulder. I had aches all over from Covid including residual pain in hands feet elbows and shoulders. and all have gone away except for left shoulder. Last week the pain felt like it was inside the joint like I had separated it. That has gone away but front shoulder aches and hurts to carry anything heavier than a few pounds. Urgent care wants me to get an MRI. Sr thinks I have injured a ligament or interior shoulder muscle. I think I coughed so hard when I had Covid I hurt a ligament or rotator cuff.
I’m in week #14 from my bicep tendoneses operation, MRI showed full tear of rotator cuff, but surgeon did not see that during the surgery. Recovery not a fun filled experience.
Dirty Jerzey: h**ps://www.youtube.com/watch?v=jY4SF8xWKFo
HMB: Wut?
Sr thinks I have injured a ligament or interior shoulder muscle. I think I coughed so hard when I had Covid I hurt a ligament or rotator cuff.
I had one SLAP repair on my right done, arm feels great. My left is also torn and i’ve been battling with insurance to get an MRI for months. Eventually fell by the wayside and now I’m a year older. They don’t like to operate on 40+ year olds.
I can feel the pain every time I jump in a pool with my daughter. The repaired shoulder is 100%. Pain post surgery, despite five anchors, was manageable.
So I had the same, he said “eh, you’ll be skiing in no time! It’s just a cleanup”. Then in post op he comes around and goes good news bad news! Bad news! We didn’t see it until we got in but it was torn up af. 11 months recovery. First 1-2 months in pain, but then trails off quickly and only hurts when pushing it.
Still, I would (will!) the next one in a heartbeat, as I plan on retiring in a warm country and want to be in the water.
Phoenix, how many years until bio anchors/sutures aren’t the way we fix shoulders?
JFC, woman at library held up a counter because she was arguing her fines. $57 – what the hell is wrong with people? She had 10 audio-books due for overdue for two months.
1987,
Yoga 3 times a week. It will increase your strength, flexibility, and range of motion to perfection. I’ve probably avoided a dozen suggested surgeries from doctors over the years (grand total of zero). I’ve pretty much solved every issue I’ve ever had at this point from age 20 to age 33. Knees, hips, achilles, plantar fascia. All from too much running and biomechanical imbalances. I was a walking injury for a decade.
If I roll my ankle, I don’t even get hurt anymore. I pop back up in about 2 seconds. Took a nasty fall on the stairs a few months back and popped right up from that as well.
I had to play 5 on 5 pickup a few weeks back (now age 43) to get my son to get on the court with a bunch of high schoolers/middle schoolers. Held the court for 7 straight games. I felt like I was going to need life support for my lungs, but my joints were fine the next day. I played in the Rutgers Intramural leagues until I was 31 and didn’t think I would ever play again.