From the Bergen Record:
Here’s what rent prices look like in NJ, and the US, at the start of 2024
As home prices have continued to soar and mortgage rates remain high, many would-be first-time buyers are opting to stay in the rental market longer.
This might be the more doable financial option for many — with median rent prices continuing to decline across the nation for the sixth month in a row −— but those living in the Northeast have experienced consistent price increases in comparison, according to Realtor.com’s January 2024 Rental Report.
…
Compared to big Western rental markets like Phoenix, Riverside and Las Vegas — which all saw rent prices decline for eight months before seeing their first year-over-year price growth in January 2024 — the New York metropolitan area has experienced faster rent growth.
This region — which includes the North Jersey counties of Hudson, Bergen, Passaic, Morris, Essex and Sussex — has median rents of $2,844. This is 2.3% more than median rent prices seen in our area this time last year.
The report credits the steady increase in rent prices in our area to expensive home prices and high mortgage rates are keeping buyers in the rental market, boosting demand and putting pressure on rents in popular areas.
A strong labor market and the slowing growth of new multi-family homes is also said to play a role in increasing prices.
“Consequently, the stronger labor market in the Northeast is likely contributing to an increased demand for rentals, rendering it more competitive compared to the rental market in the West,” according to the report.
“Although both regions saw record-high new multi-family starts in 2022, we expect a significant portion of 2022 starts in the Northeast to be completed in 2024,” the report reads.
Have such high hopes for this one..
https://www.theverge.com/24086056/apple-tv-plus-neuromancer-streaming-series-william-gibson
I don’t think a 90 minute movie could ever really do it justice. 10 episodes, 8-10 hours, now we’re talking.
“The Matrix has its roots in primitive arcade games,’ said the voice-over, ‘in early graphics programs and military experimentation with cranial jacks.’ On the Sony, a two-dimensional space war faded behind a forest of mathematically generated ferns, demonstrating the spatial possibilities of logarithmic spirals; cold blue military footage burned through, lab animals wired into test systems, helmets feeding into fire control circuits of tanks and war planes. ‘Cyberspace. A consensual hallucination experienced daily by billions of legitimate operators, in every nation, by children being taught mathematical concepts… A graphic representation of data abstracted from the banks of every computer in the human system. Unthinkable complexity. Lines of light ranged in the nonspace of the mind, clusters and constellations of data.”
First non Grim!
Private Equity sets low minimum wage and high rents. Reagan’s dream. That’s how you become Brazil.
“This region — which includes the North Jersey counties of Hudson, Bergen, Passaic, Morris, Essex and Sussex — has median rents of $2,844. This is 2.3% more than median rent prices seen in our area this time last ”
Apple TV+ is high quality all around. The best streamer by far.
grim says:
March 4, 2024 at 6:42 am
Have such high hopes for this one..
Corruption in NJ Great read! Very long but it shows how Democrats get paid by Murphy. Stinging.
https://www.nj.com/politics/2024/03/fear-and-loathing-in-new-jersey-us-senate-race-featuring-governors-wife-at-a-boiling-point.html
President Biden created a market melt up. 401k thru the roof!
“BofA’s Savita Subramanian raised her S&P 500 year-end target to 5400 on Friday, implying 5% upside from here. She cites “surprising margin resilience” and a better economic outlook globally“
It’s back on the market. 912 Castle Point Terrace Hoboken.
We made fun of this one circa 9/1/2009 when it sold $1,538,000
$4,150,000 in Hoboken.
https://jerseydigs.com/912-castle-point-terrace-hoboken/
JIM- BTW Bergen county Democrats votes tonight. Kim won five counties so far. Tammy Murphy two.
Houthi’s cut the submarine internet cables in the Red Sea? They have been posting about doing it for months on a Houthi-linked Telegram channel .
“Among the networks affected is Asia-Africa-Europe 1, a 25,000-kilometer (15,534-mile) cable system connecting South East Asia to Europe via Egypt. The Europe India Gateway (EIG) has also been damaged.
EIG connects Europe, the Middle East and India and counts Vodafone as a major investor. Vodafone, a large mobile network operator in the United Kingdom, declined to comment.”
Houthi’s cut the submarine internet cables in the Red Sea? They have been posting about doing it for months on a Houthi-linked Telegram channel .
And the Russians blew up the Nord Stream pipeline.
Private Equity sets low minimum wage and high rents. Reagan’s dream. That’s how you become Brazil.
You’re bragging about your so-called uber wealth, telling us how everyone wants to live in the Northeast sphere and then ragging on private equity. The wealth is coming from liberal s0cial programs? Where’s the money coming from? And O’Biden is the reason for a run-up in the market? The guy shits his pants and shakes hands with imaginary people while meeting with dead people.
What do the Houthi’s think they stand to gain by destroying undersea cables?
“The wealth is coming from liberal s0cial programs?”
Really? How so?
Eddie,
This one is time stamped just for you. I love the expressions.
https://youtu.be/piMxc0SjlGw?t=935
grim says:
March 4, 2024 at 9:11 am
What do the Houthi’s think they stand to gain by destroying undersea cables?
False flag, just like Nord Stream.
Houthis shot 10000 anti ship missiles, only sunk one ship with useless cargo.
What are their missiles, bottle rockets? Obviously not very good.
Now suddenly they are experts at underwater demolition.
Hehe.
Lib,
“The wealth is coming from liberal s0cial programs?”
It’s not. That’s my point.
Gotcha. Missed it.
Cop tells van to stop. Cop tells van to go. Van goes. Cop stabs rear tire.
WTF is wrong with them?
https://www.reddit.com/r/PublicFreakout/comments/1b69hkk/cop_captured_on_video_slashing_citizens_tire_at/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button
Phoenix,
Candice Owens nails it. A Black woman telling it like it is. I love when she says, “Yeah, a Black woman who is rac1st and sex1st.” Lol.
Very Stable Genius says:
March 4, 2024 at 7:37 am
“President Biden created a market melt up.”
No doubt that Joe and his leftist handler’s reckless spending, and general lack of concern for burdening taxpayers with incomprehensible levels of debt, has provided short-term juice to the economy. Obviously doesn’t matter to Dem duds like Unstable, who only care about having taxpayers take over their student loan balances, but there’s always a price to pay for reckless spending and crushing debt — always!
There is chatter out there, about how we should be concerned about the public debt. But, for now it’s party on!
Debt, schmet. I won’t be alive, for the great reset!
Lib: Some say it’s going to be a major issue far sooner than people might think. As soon as 2025, depending on who wins the election, and if there are major new spending programs.
Chatter increasing about no rate cuts this year.
Phoenix, is right.
Is always the West’s fault. The Houthi’s are a nice set off people, unlike those dastardly Ukies that are not willing to vow to the genius and power of a bald leader.
Just a thought about the deficit. Wait till our golden shower boy does his thing, deficit are not going to matter anymore, or dollars, or even the USA.
But it case you are serious about it, don’t harrass the little guys. You got to do it like our bald leader. You meet with the oligarchs and you tell them you got to pay taxes or else. Else lateley seems to be falling out the window.
Phoenix, keep up the propaganda good work. We got a couple of hot subservient babushka’s for you when you come back to town.
Lib – Jeff Gundlach begs to differ on availability of entitlement programs, and probably on the debt reset too.
The whole seven cuts and back to the races thing didn’t make sense then, nor does it now. My trend bucking vote is for one more rate hike.
Open house in my neighborhood yesterday. House listed at 750, sold for 550 about 6 years ago. Huge amount of traffic all day. Another house around the corner, beaten down listed for 760, no traffic. I have a feeling this house that showed well is going to have a bidding war.
Fed is still between a rock and a hard place. 3% inflation is still above their target and what if it moves higher? The idea of rate cuts this year were absurd to begin with.
There’s no way out of the deficit at this point, no matter who is president.
BRT/Boomer: The Fed in the Fall indicated seven rate cuts for 2024, totally reckless on their part. Now, they are trying to dial back expectations. Worst Fed ever.
I love the smell of taking a massive mind clearing dump on a Monday morning. That methane smell. It smells like victory.
The U.S. Supreme Court on Monday unanimously restored Donald Trump to 2024 presidential primary ballots, rejecting state attempts to hold the Republican former president accountable for the Jan. 6 attack on the U.S. Capitol.
Knock this one off the list. The Georgia fiasco, too. What a mess that turned into. The New York thing will eventually be tossed as well. Time is running out, lefties. You need to save democracy!
Oh, by the way, CBS has Trump up 52% to 48% vs. the vegetable.
Saw Hadestown this weekend. The current cast is really impressive, especially Lillias White and Philip Boykin. The percussionist, trombone player and guitar player were also extraordinary.
This is a particularly catchy tune. I could see Trump trying to use it as an unironic campaign anthem.
https://youtu.be/e2pxbyf_tgE
Is always the West’s fault. The Houthi’s are a nice set off people,
What is the term for this, Strawman fallacy.
Never said Houthi’s are good. I don’t know a single Houthi.
Maybe they do have some submarine or something to get to a deep sea cable. I could be wrong.
People, or groups of people, have accomplished great feats. But even bad actors like Bin Laden didn’t go to the bottom of the sea and destroy a cable. Probably because it was outside thier ability. They took over planes with boxcutters. Something I would believe a Houthi is capable of.
Just sayin’
Chicago says:
March 4, 2024 at 11:02 am
I love the smell of taking a massive mind clearing dump on a Monday morning. That methane smell. It smells like victory.
Move to Edwards road in Parsippany, NJ. It will be like a triumph for you when the dense fog creeps in.
Fast Eddie says:
March 4, 2024 at 9:38 am
Phoenix,
Candice Owens nails it. A Black woman telling it like it is. I love when she says, “Yeah, a Black woman who is rac1st and sex1st.” Lol.
She is a real hoot. Sassy and smart.
I don’t believe everything she says, I disagree on many thing she says. But I do like her hopocalypse rants. And she is correct about that as well, IMHO.
Moscow Phoenix Snowden says:
March 4, 2024 at 10:23 am
Phoenix, is right.
Is always the West’s fault.
Let’s correct that. It’s never the West’s fault, they are perfect and never do anything wrong.
Like the “weapons of mass distruction” that didn’t exist.
Beware of absolutes, because everyone makes mistakes.
Ed, system is working exactly as designed by Reagan. Money flowing upwards.
You designed the system that is destroying middle class America. And then you became a trump insurrectionist because middle class is disappearing.
Hehe…incredible
Fast Eddie says:
March 4, 2024 at 9:04 am
Private Equity sets low minimum wage and high rents. Reagan’s dream. That’s how you become Brazil.
The Fed in the Fall indicated seven rate cuts for 2024, totally reckless on their part. Now, they are trying to dial back expectations. Worst Fed ever.
Yeah, and a contradiction to their initial statements. The reality was, the 180 on talk was a probably a gift to the dems to prevent the market selling off at the time.
A bit of history since you mentioned R. Reagan.
Question is, where was Europe going to get it’s magical energy from if not from Russia?
Why was Biden’s son over in Ukraine working the pipelines for profit? What was his cut? Were the Ukrainians siphoning off gas from the pipeline for themselves? Overcharging for delivery?
Maybe just thieves like those who steal from Target.
Plenty of unknowns, and plenty of liars. And lots of money to steal.
https://law.rwu.edu/news/news-archive/fateful-decisions-led-war-ukraine
Expect more lies and deceit. Till the rod bearing seizes. Don’t worry, they won’t be able to cover that up.
BRT says:
March 4, 2024 at 11:32 am
The Fed in the Fall indicated seven rate cuts for 2024, totally reckless on their part. Now, they are trying to dial back expectations. Worst Fed ever.
Yeah, and a contradiction to their initial statements. The reality was, the 180 on talk was a probably a gift to the dems to prevent the market selling off at the time.
“Reagan proved that deficits don’t matter,” Vice President Dick Cheney said when the Bush administration sought a second round of tax cuts in 2003. This fits with a rich tradition of conservative tax-cutters abandoning deficit hawkery when they want to hand money to favored groups.
3b says:
March 4, 2024 at 9:50 am
There is chatter out there, about how we should be concerned about the public debt. But, for now it’s party on!
Lots of noise out there.
The US is currently spending over 6 trillion a year. The interest payment on the debt is less than 1/2 a trillion. Half of America is paying 25% interest on their maxed out credit cards. The US is only paying 12%. It’s a bargain!
We spend almost double our debt on defense alone.
Plus everyone knows our debt can be refinanced out to the future for lower payments today. Debt, schmet.
As for interest rate cuts, I’m sure the FED thought a recession was just around the corner. They didn’t realize how house wealthy so many of have become. Spend, spend, spend!!!
Lib,
….and suburban Gen X buyers got their arse kicked purchasing in 2004-2009. Home prices were still falling in CT (vs inflation) into Q1 2020. Fed needs to let these millennials get theirs kicked now. Keeping this ‘70% increase in a few years, all is well’ game going will end in tears.
Grim – Houthis get the Wrath of Khan if they keep messing with the Fiber.Huge amount of people won’t be able to work remotely or get access to the WWW, if that fine to goes dark.
Agreed. Seven figure account balances are nice and all, but I would like to buy a dirty hovel without a bidding war and less than 150% of 2019 pricing.
Sorry Libs Trump stays on the Ballot.
The high court ruled in a unanimous, unsigned opinion that only Congress, not the states, can disqualify a presidential candidate under the Constitution’s “insurrection clause.” The justices’ decision overturns a Colorado ruling that would have removed Trump from the ballot there.
Kind of expected that decision. The only one that really matters is the insurrection call.
I can’t wait until BitCoin crashes in phenomenal fashion.
Lib – Fani and Wade show trial is going to get tossed in two weeks, any new prosecutor in Georgia may have to start over including a grand jury proceeding.
8 months to go until Election Day and now calls Special Prosecutor Jack Smith to give up now too.
https://thehill.com/opinion/judiciary/4505531-is-it-time-for-jack-smith-to-throw-in-the-towel-on-prosecuting-trump/
Lib — I don’t own it, but seemingly everyone around me does. Crash? In this everything bubble melt up?
The only real purpose of bitcoin is to hide transactions to avoid taxation. At some point, the governments around the world are either going to require transactions be reported or will ban their use. Both which will send Bitcoin to it’s grave. How are those NFTs doing?
JB 2:35
The law states that he can’t serve, not that he can’t run or become the nominee.
If he were to win, it’s a WHOLE ‘nother discussion.
Lib: Whether they thought a recession or not, you don’t come out and give that kind of guidance and then say never mind.
3B,
Does that mean JPow is no longer eligible for Person of the Year?
re: “The law states that he can’t serve”
Lol after that 9-0 a*s*s pounding are you really going to practice law again without a license? Besides the Department of Justice has brought a number of cases approx 1,200 Jan 6th participants charged, but I don’t believe that any of them have been charged with insurrection. So if the DOJ can’t see their way to proving this is an insurrection, then why should the Supreme Court?
Congress, both house and senate have to vote by two-thirds vote that is the only way they can keep him out if he wins in November.
You better start the fundraising you are going to need allot of mules to steal the 2024 election.
BRT says:
“The idea of rate cuts this year were absurd to begin with.”
Yes.
“There’s no way out of the deficit at this point, no matter who is president.”
Growth plus spending cap.
I know it is too much to ask many to get the analysis correct, but can we at least get the facts straight before you retreat to the partisan safe space to post?
“The Fed in the Fall indicated seven rate cuts for 2024, totally reckless on their part. Now, they are trying to dial back expectations. Worst Fed ever.”
Fed in September had 2024 FFR at 5.0%. FFR at the time was 5.33%. One cut.
Your ‘market chatter’ was wrong. As always.
“We spend almost double our debt on defense alone.”
For this US fiscal year, which is already four months old, interest expense ($870B) will exceed expenditures for Defense ($822B) and Medicaid ($678B) and approach that of Medicare ($896B). The only greater line item is Social Security.
Sources:
Fed Dot Plot, 9/20/23, Page 4
https://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20230920.pdf
Congressional Budget Office
https://www.cbo.gov/publication/59946
Phoenix
I think this channel is right up there with Russian car crashes.
The first minute is amazing
https://youtu.be/FpwoAWSJozA?si=aZvx_6LkpBCuN7K6
Looks like United Healthcare paid 22 million in bitcoin to hackers. Should have hired better security professionals.
It is reprehensible that Trump stacked the Supreme Court with his nominees and then jaw boned them to get a favorable ruling on the ‘insurrection’ charge relating to his candidacy… /s
“The high court ruled in a unanimous, unsigned opinion…”
DUHHHHH-MAAAAAAA-CRAAAAAZZZZZZZYYYYYY is DYYYYYY-IIINNNGGGGG!!!!!!!!!!
Ruthie Pushin’ Roses may have even concurred….
That old crypt keeper Ruthie had plenty of time to hand off the baton in the relay race of the Supreme court, but was too much of a narcissist to do so.
Game on.
HMB
Guy tells the truth.
with rate cuts too much too soon? The indicator that this was always BS is your sh1tcoins pumping to the moon.
Frist