From Newsweek:
Housing Market Solution Could Help New Jersey
New Jersey might have just found a solution to its affordable housing crisis, and it involves the undeveloped land outside of its transit system.
The Regional Plan Association found 74,000 acres of land were underutilized around the commuter rail stations within New Jersey and New York.
Today, the median rent in New Jersey is $2,500, $470 more than the national median, according to Zillow data.
Already, land has been rezoned in Metuchen for mixed-use development, and this could continue into the larger area, according to Jay Muldoon, the former director of economic development in Metuchen.
“We have great neighborhoods in Metuchen, but we now have a more vibrant, engaging and inviting downtown, where 25 years ago it was a pretty much a dead downtown,” Muldoon told NJ Spotlight News.
Around 150 transit stations in New Jersey could see rezoning and redevelopment that would bring more affordable housing to the area, but some challenges remain.
…
In order for the plan to gain traction, experts say tax credits and subsidies will need to make it more financially feasible for developers to build affordable housing in these areas.
“While New Jersey’s plan shows promise, there are potential obstacles that could hinder its success,” real estate consultant and Pavel Buys Houses founder and CEO Pavel Khaykin told Newsweek. “One major challenge is the high cost of land and construction in the state, making it difficult for developers to build affordable units without significant financial support.”
Local communities might also come out against the new developments in their neighborhoods with concerns of safety or property value impact down the line.
First
Argh
In order for the plan to gain traction, experts say tax credits and subsidies…
subsidies (plural noun)
A sum of money granted by the government or a public body to assist an industry or business so that the price of a commodity or service may remain low or competitive.
Whether it be tax credits or subsidies, the money is taken from one to give to another.
Yeah, Reagan began to tax the middle class to subsidize the rich.
As a result today the 1% own all the wealth and the middle class is destroyed.
Fast Eddie says:
March 14, 2024 at 6:42 am
In order for the plan to gain traction, experts say tax credits and subsidies…
subsidies (plural noun)
A sum of money granted by the government or a public body to assist an industry or business so that the price of a commodity or service may remain low or competitive.
Whether it be tax credits or subsidies, the money is taken from one to give to another.
Ten 421
PPI up .6 vs .3 expected.
About housing. Why all these contortions to avoid doing what works.
What works is Co-Op City in the Bronx, Stuy-Town in LES.
What work is not subsidies or abatements/Pilots. What work is build public housing. Every neo-liberal economist loves Singapore. But forget to mention that 85% of housing is government built.
Chicago,
About your Palantir short sellers post.
I use Interactive Brokers and had not paid attention to my statements, but lo and behold I made $21 box on about 200 shares of an EFT in Short Sale interest when it was borrowed. Since then I love short sellers.
Is the Palantir dude actually going for the Sideshow Bob persona? Or is that just coincidental.
Grim, you hit it on the head
Every evil teach guy needs a look. Bezos is bald egghead. Musk is “I’m on drugs” look. Zuckerberg is “I’m a d1ck” look. The google dudes is “we are smart, not that evil like bald head over there, our employees are not dying in hot trucks” look.
So Side Show Bob is perfect for a “we are up to something nasty here, but no one takes us seriously” look.
Don’t forget the guy who looks like a frog:
Trump’s Treasury Secretary Steve Mnuchin wants to buy TikTok as it faces U.S. ban
Spent the day with the Google AI folks over at Pier 57 yesterday.
Beautiful space, that whole meatpacking area has really blown up, it might be one of the nicest areas in the city right now.
Drove into Hoboken early. Sunrise over Manhattan never gets old. What a beautiful day to be in the city.
Sunrise over Manhattan…
Sounds like a Broadway play.
I’m assuming he got an “A” in the class? Judge must have liked her teaching methods with that sentencing. Now had it been a male teacher…….
A 30-year-old married math teacher from Missouri who seduced her 16-year-old student and had sex with him multiple times has got off with a probation sentence.
Victoria Fowler, who worked at Bakersfield School, admitted to sexually abusing the male child on three dates in May and August of 2023.
Fowler, a married mom-of-two, seduced the teenager with explicit nude images. The sex offender sent the boy pictures of her breasts and naked selfies in the shower.
After tempting the 16-year-old with the photos, she had sex with the boy a number of times over summer. She also admitted to performing oral sex on the teenager, who is half her age.
The victim was a student at Bakersfield School, where Fowler taught mathematics.
Starring Vladimir Putin as the Red Button Pusher. Hehe.
Fast Eddie says:
March 14, 2024 at 9:50 am
Sunrise over Manhattan…
Sounds like a Broadway play.
“To Protect and Serve” Todays headline in the WAPO
A police officer took a teen for a rape kit.
Then he assaulted her, too.
Hundreds of law enforcement officers have been accused of sexually abusing children over the past two decades, a Post investigation found
“And it’s gonna be worse, maybe, the next time,” Vicknair said, “because I’m gonna think in my head, ‘Oh, I got the power. I can go further this time.’ ”
The girl didn’t want that. She just wanted this to be over.
She didn’t know it was only the beginning. Four months later, police would arrest a man for sexually assaulting the girl. But it wouldn’t be her teenage friend. It would be Officer Rodney Vicknair.
The day the 14-year-old met 53-year-old Vicknair was the day the officer began a months-long grooming process, prosecutors would allege. Within hours of meeting the girl, Vicknair wrapped his arm around her while they took a selfie. He let her play with his police baton. He joked with her about “whipping your behind.” He showed her multiple photos of a young woman dressed only in lingerie.
Americans have been forced to reckon with sexual misconduct committed by teachers, clergy, coaches and others with access to and authority over children. But there is little awareness of child sex crimes perpetrated by members of another profession that many children are taught to revere and obey: law enforcement.
A Washington Post investigation has found that over the past two decades, hundreds of police officers have preyed on children, while agencies across the country have failed to take steps to prevent these crimes.
1,800+
officers charged with crimes involving child sexual abuse from 2005 through 2022
13 to 15
year-old girls are the children most often targeted by officers
90%
of victims were not reported to be related to accused officer
3B,
Inflation is picking up a little again. This can only happen if people can afford it. I am beginning to think that rate cuts might not happen this year, which is a good thing in my opinion. It means the economy is in decent shape. Again, if the economy slows down, the FED can cut interest rates to get things going again quite easily and quite quickly.
I definitely noticed another uptick at the grocery store this past week. Not huge, but seeing a lot of small bumps. My Burger King coupon indicator (I get one every Thursday in the mail with my ShopRite circular) shows another .50 increase across the board. The chicken fries and large french fries are now up to $4.49. Prior to Covid, they were $3. That’s a 33% increase which seems to be the general across the board increase. Eggs are getting expensive again too, but Easter may have something to with it. Though most of the inflation increase was from energy.
Capitalism at it’s finest. Where are our government watchdogs?
We found even more water in canned veggies. Most contained one-third liquid. But Green Giant and the supermarket green beans each contained more water than food. Green Giant had the most liquid: 8.1 ounces, compared with just 6.1 ounces of green beans.
Well, sending your compressed natural gas to Europe isn’t helping keep energy prices down here.
But hey, once you get to a certain altitude, it’s all noise down below.
Libturd says:
March 14, 2024 at 10:05 am
Though most of the inflation increase was from energy.
re: Google AI…
MSFT just cut prices on a security AI product. They want to rope people in for sure….early before anyone else catches up.
We are doing online again today with AWS, several days of them wooing us this week.
We rolled out two preview features using CHATGPT 3.5 turbo and we have many more in the pipeline. We wrote hundreds of use cases and survereyed our customers. They narrowed it down to a dozen good ones for now and have teams working for delivery for many.
Canned veggies are by and large a pretty terrible product. The disparity between the price of something fresh vs canned is insane. I’m right about the time where I can almost stop purchasing any produce. Lettuce/arugula is already in full swing in my garden. We fill a gigantic bowl with salad each day. I still have radishes growing from the fall. Broccoli rabe sprouted this week. I get a bowl a day right now of that. Soon comes asparagus/snap peas/more radishes. Most of this stuff is almost zero effort. Asparagus comes back every year and the broccoli rabe/radishes were just from seeds I tossed on the ground in the fall.
Gonna be a lot of unemployed people in America soon enough. Anyone ask AI what we should do with unemployed homeless people?
Juice Box says:
March 14, 2024 at 10:11 am
MSFT just cut prices on a security AI product. They want to rope people in for sure….early before anyone else catches up.
We are doing online again today with AWS, several days of them wooing us this week.
We rolled out two preview features using CHATGPT 3.5 turbo and we have many more in the pipeline. We wrote hundreds of use cases and survereyed our customers. They narrowed it down to a dozen good ones for now and have teams working for delivery for many.
The only vegetable I can eat canned is corn. I can hardly deal with frozen vegetables either. We plant mainly herbs, but get most of our produce from either Walmart+ or the Asian farmer’s market. It’s criminal what grocery stores are charging for produce these days.
Phoenix says:
.
March 14, 2024 at 10:23 am
What should America do about homeless people? Here is Gemini’s response. How quaint. Guess I should have asked it who is gonna pay. Hehe.
Homelessness is a complex issue in America, and there’s no single answer. Here are some approaches that have shown promise:
Focus on Housing:
Increase Affordable Housing: Building more affordable housing units USICH: usich.gov/federal-strategic-plan/overview is key. This can involve zoning changes and mixed-income housing projects.
Rapid Re-Housing: Programs that help people experiencing homelessness quickly find permanent housing with rental assistance can be very effective PlanStreet: .planstreetinc.com/
Supportive Services:
Housing First: This approach prioritizes getting people into stable housing and then addressing underlying issues like mental health or addiction National Alliance to End Homelessness: endhomelessness.org/ending-homelessness/
Case Management: Connecting people with social workers or case managers can help them access benefits, job training, and other resources.
Prevention:
Eviction Prevention Programs: Helping people at risk of eviction can prevent them from falling into homelessness Coalition for the Homeless: .coalitionforthehomeless.org/
Increase Minimum Wage: A living wage can make it easier for people to afford housing.
It’s important to remember:
Homelessness has many causes: There’s no single reason someone might be homeless. It can be due to mental health issues, job loss, domestic violence, or lack of affordable housing.
Solutions need to be community-based: Effective programs consider the specific needs of each community USICH. usich/federal-strategic-plan/overview.
Here are some resources to learn more:
National Alliance to End Homelessness: National Alliance to End Homelessness: ndhomelessness.org/ending-homelessness/
US Interagency Council on Homelessness: USICH: ww.usich.gov/federal-strategic-plan/overview
Coalition for the Homeless: Coalition for the Homeless: .coalitionforthehomeless.org/
BRT – How do you handle the varmints?
Private Equity needs the rate cuts, not me. My mortgage is 2.75%, Apple iPhone bank account is giving me 4.75%
Healthy, strong economy handled by President Biden is what we need and that’s what we got.
401k at record high
Not criminal. It’s your old friend and confidant, capitalism.
The wealthy whine about the prices as it bothers them as the thought of spending a nickel gives them a migrane.
The real victims suffer in silence with pride.
Libturd says:
March 14, 2024 at 10:24 am
The only vegetable I can eat canned is corn. I can hardly deal with frozen vegetables either. We plant mainly herbs, but get most of our produce from either Walmart+ or the Asian farmer’s market. It’s criminal what grocery stores are charging for produce these days.
Lib: Definitely an uptick in inflation over the last few weeks. Saw it again the other day, quick run to shoprite as it’s close, one bag, just under $100.00. Basic stuff, not much meat.
Tuesday and Today’s inflation numbers hotter than expected, which would in the past lead to a market sell off, but did not happen. The belief now is markets ok with higher inflation as long as economy is good.
I am skeptical on just how good it is, on the surface it appears to be, but underneath different in my view. There are increasing layoffs both announced and quiet in the white collar sector, including technology, with some having whole departments eliminated.
Talking with young people yesterday at an office event, they seem to be gloomy. Entry level jobs 50 to 65k, and rents on a one bedroom apartment on the low end at 2,000.00. After taxes and deductions, medical, and assuming they do any 401k contributions( which many don’t), not much left to them make a car payment and or a student loan payment, plus gas- electric, food.
People appear to be spending money or perhaps more likely in my view charging money, and again on the surface things appear to be “good”. At the same time I sense a general unease. I just don’t understand this economy/ market, and maybe I am just a relic and different world and all that. I do believe the younger generations are being screwed in spite of what others say, and how they had it hard etc. I came of age in the 80s , and I don’t deny there were tough times , but nothing like today in my view, but what do I know.
And of course we have the Geezer Election, with 2 candidates that the majority of Americans don’t want to be president.
Phoenix – re: “Gonna be a lot of unemployed people in America soon enough. Anyone ask AI what we should do with unemployed homeless people?”
Remember the time Joe Biden told the coal miners to learn to code?
Don’t need that anymore. You can talk to the AI and tell it what to build.
https://www.pythagora.ai/
There are lots of examples.
No whining here about veggie prices…
Very Stable Genius says:
March 14, 2024 at 10:29 am
Private Equity needs the rate cuts, not me. My mortgage is 2.75%, Apple iPhone bank account is giving me 4.75%
Healthy, strong economy handled by President Biden is what we need and that’s what we got.
401k at record high
BRT: I have read that canned vegetables are not bad , and are canned quickly to preserve freshness and taste.
Gloomy young people should ask their parents why they voted Trickle Down Economics to destroy the middle class.
Won’t be the first nor the last time that doddering old Geezer gets it wrong.
I’ve seen a few people on this board who have had/are having career issues and I see the sympathy they get from other members on here. Machiavelli was correct.
Juice Box says:
March 14, 2024 at 10:32 am
Remember the time Joe Biden told the coal miners to learn to code?
Don’t need that anymore. You can talk to the AI and tell it what to build.
Very Stable Genius says:
March 14, 2024 at 10:29 am
“Healthy, strong … handled by President Biden…”
Healthy, strong and Biden are three words that should never appear in the same sentence. Although compared to his soy boy supporters like Unstable…
grim says:
March 14, 2024 at 9:24 am
“Spent the day with the Google AI folks over at Pier 57 yesterday…Beautiful space…”
Are these the guys that built the models that returned images of black Nazi’s? In a sane world they wouldn’t still have jobs, let alone a beautiful space to work in.
Well to be fair my daily Starbucks pistachio caramel latte is pushing $8.
I’m not happy about that.
Phoenix says:
March 14, 2024 at 10:32 am
No whining here about veggie prices…
Very Stable Genius says:
March 14, 2024 at 10:29 am
Private Equity needs the rate cuts, not me. My mortgage is 2.75%, Apple iPhone bank account is giving me 4.75%
Healthy, strong economy handled by President Biden is what we need and that’s what we got.
401k at record high
Ten 427.5
My co-workers have tried the BRT method, but it’s hard to do from an apartment in East Jersey where the rent is 3k per month. Asparagus doesn’t like hardwood flooring or tile as a soil replacement. Maybe the Rutgers Cooperative can give them some help with some GMO veggies that grow well in apartment settings, as Geezers have made single family homes impossible for them to purchase.
3b says:
March 14, 2024 at 10:33 am
BRT: I have read that canned vegetables are not bad , and are canned quickly to preserve freshness and taste.
No planting veggies and herbs here at the shore. With waterfront towns nearly empty all winter deer have taken over the area. We’ve seen them running on the beach and fawns being born on people’s porches. All flowers and edible vegetables and herbs are consumed in record time. I’ve tried just about every product and natural remedy but nothing stops them from ravaging my garden.
Well, you could make your pancreas happy and stop drinking that toxic substance.
Put that money towards a gym membership, and stare at the hot women there until they become uncomfortable and leave the machine you want to use.
Very Stable Genius says:
March 14, 2024 at 10:41 am
Well to be fair my daily Starbucks pistachio caramel latte is pushing $8.
I’m not happy about that.
It’s criminal what grocery stores are charging for produce these days.
People can afford it, the economy is great!
Well to be fair my daily Starbucks pistachio caramel latte is pushing $8.
Yeah, to go with your $4,000 suits. Listen, if you’re going to troll and play fantasy world, at least try being creative.
This guy could play Joe Biden, even sounds like him.
https://youtu.be/36CZJWgFfHY?t=21
Speaking of home ownership. My new neighbor who moved in last August in now doing the roof,siding doors and windows. By the time he is done he could have knocked the place down and built a whole new home…..
Another early spring listing went under contract this week. Just a few days on market listed at 1 million. Will probably set a new record. It was the builders home when our development went it. It’s larger than most but dated. They kept the property in top shape. That boomer who has been there 30+ years can buy himself a nice 2 Br condo in Jupiter Beach Florida. Only a two bedroom however the 3 bedroom ones are going for 1.6 million..
I kid you not…. It is insane.. what they are paying to for beachfront condos in florida.
https://www.zillow.com/homedetails/221-Ocean-Grande-Blvd-APT-606-Jupiter-FL-33477/62827724_zpid/
I find that canned vegetables, especially peas, taste like the can.
3b,
A nephew (the one who just started teaching Advanced Physics in Morris County) joined us for dinner last night. He just found a place to live in Wayne for $1,500 a month. It’s tiny, doesn’t have a washer and dryer, but it’s close to work and clean. This nephew was the helicoptered brainiac of my sister who lives in West Windsor. Even skipped a grade in elementary school. Got into college, had a bad breakup with his girlfriend of two years from high school and took a decade to recover. Probably never faced an ounce of adversity in his life. Had been freeloading off the parents since dropping out, but finally got his degree from TCNJ. Parents paid his security and finder’s fee. Kid will be on the hook for all bills going forward. I asked him why he didn’t have roommates. He said he couldn’t find any. I told him to keep looking. He’s been on his parent’s dime for so long, he knows no other way. This was clear. His sister, on the other hand, has kicked is and is on pre-med track and never gets below an A on anything. Nephew was fuming-mad that his folks were paying for her degree and $1,800 a year rent. I told him, he hadn’t earned it. He hated to hear it, but he now gets it. I told him once he proves he is no longer a burden to his parents, they will respect him and help him. Until then, you are going to have to work your ass off and save. He probably makes 50K a year. Take him will be around 35K I’m assuming. Housing will eat up half of it. So yeah, he won’t be saving anything unless he finds a roommate. If he does, he should be able to put away at least $7,500 a year. I don’t think it’s much tougher than it used to be. I think our kids are simply a lot softer than they used to be. I rented an illegal basement (with an oil furnace) for $250 a month in 1995 for almost two years when I was bringing home about 15K a year after taxes. It was right by Punk Rock Bagel actually. I made fake rail passes to cut that cost down. I even bought old reliable, my red Honda Civic Hatchback that year. It can be done. It’s just not easy. Heck, my son is going to college for less than it cost me. When there is a will, there is a way. But it’s not easy. It wasn’t for me. It won’t be for my nephew.
You guys are crying, I am doing auto repairs for free on my neighbors cars so they can afford to eat since their overlords jacked up the rent payments.
Cry me a river. At least they are grateful.
Should have told her to go into finance. She will soon be an employee and connected like the Borg, fighting for a payment, never at home, working weird hours, birthing a baby and two weeks later on the treadmill.
All of this while you work from home. At least the other one will have time to raise a family, hook up with students, and collect a pension.
His sister, on the other hand, has kicked is and is on pre-med track
two weeks later back on the treadmill.
House of cards. Gonna come down, one big bang. That front universal gonna drop and launch it right into the air cause no one strapped it.
Juice Box says:
March 14, 2024 at 10:54 am
I kid you not…. It is insane.. what they are paying to for beachfront condos in florida.
Use government to put price floors on wages, hiking costs.
Have government limit immigration, or at the very least make sure immigrant labor cannot work legally (but give money to these same people so they can consume)
Have government borrow money to hand out money for consumption.
Have government create a central planner in money and banking and devalue the currency for over 100 years.
Then when the price of your burgers and green beans go up, encourage the losers, nitwits and boot-lickers to blame “capitalism” and imagine that more government controls and redistributions will solve the problem.
If you think your burgers and green beans are expensive with our remnants of constrained capitalism, wait till you see how scarce and expensive they will be without it.
Saw this essay this morning, this seemed unusually perceptive about consumer spending and inflation:
https://www.natesilver.net/p/the-mcdonalds-theory-of-why-everyone
“The McDonald’s theory of why everyone thinks the economy sucks
Americans are spending as much of their paychecks as ever on fast food — and everything else.
…
I’m not sure that this is the whole story for why customer perceptions about the economy are so poor — this is a topic we’ll keep coming back to between now and the election. But I suspect it’s a lot of it. People are spending more money in real terms, a LOT more money in nominal terms, and the rate of increase is still fairly high (PCEs are up 6 percent year-over-year as of September). I’m wary of articles like the Washington Post story that frame politically inconvenient facts as “misinformation” — but this is an inconvenient set of facts for the White House.”
Nicole told her mom only that Vicknair once followed her in his police cruiser while she was on a run, yelling “Nice ass!” out the window. Rayne consulted with Nicole’s therapist. They both worried there was more going on.
How, Nicole’s mother began to wonder, do you report the police to the police?
I agree. I’m tired of government redistributing my money to other countries, including Ukraine. And government workers going after children in classrooms and patrol cars.
No One says:
March 14, 2024 at 11:05 am
Then when the price of your burgers and green beans go up, encourage the losers, nitwits and boot-lickers to blame “capitalism” and imagine that more government controls and redistributions will solve the problem.
Juice,
$1.6m for a 3br 2condo in Jupiter looks like a great deal compared to my FL town.
The best deal I could find for a comp was $2m for beachside in my area.
https://www.zillow.com/homedetails/1211-Gulf-Of-Mexico-Dr-APT-801-Longboat-Key-FL-34228/47467436_zpid/
And you have to watch out for looming assessments.
Ten 429
Looks like a place rich old Geezers go to die. The poor ones go to the Villages so they can rawdogg it all day.
No One says:
March 14, 2024 at 11:17 am
Juice,
$1.6m for a 3br 2condo in Jupiter looks like a great deal compared to my FL town.
The best deal I could find for a comp was $2m for beachside in my area.
https://www.zillow.com/homedetails/1211-Gulf-Of-Mexico-Dr-APT-801-Longboat-Key-FL-34228/47467436_zpid/
And you have to watch out for looming assessments.
I see that Jupiter condo is running a $2200/month HOA fee, while that $2m condo in my town is charging $2500/mo!
And the security gate guy will expect some Christmas cash as well.
But it will keep the retired NJ molesting policemen and teachers priced out of your building.
Lib: I know some young people like your Nephew, and then others the exact opposite like your Niece. As for your other points no disagreement on most of them. That said, I still believe overall it’s more difficult for the younger people today than it was when I came of age in the 80’s, including far more general uncertainty. Agree to disagree, where we disagree.
I find that canned vegetables, especially peas, taste like the can.
I would venture to guess that some like it in the can. ;)
Tax cuts for the wealthy have long drawn support from conservative lawmakers and economists who argue that such measures will “trickle down” and eventually boost jobs and incomes for everyone else.
But a new study from the London School of Economics says 50 years of such tax cuts have only helped one group — the rich.
The new paper, by David Hope of the London School of Economics and Julian Limberg of King’s College London, examines 18 developed countries — from Australia to the United States — over a 50-year period from 1965 to 2015.
The problem is that losers, nitwits and boot-lickers think of themselves as rich.
NEWS FLASH: you ain’t rich.
No One,
I liked the McDonald’s story write-up. Very interesting and non-partisan for a change. I eat fast food probably about once every two months. It’s usually a cost-driven decision also influenced by the lack of a real alternative. We tend to order everything we can through retailer’s apps. We have also noticed a correlation between income levels and app usage. When you combine the app offers with coupons, you can actually get fast-food for many times less than you could even a decade ago. Many places give out free food straight up, even without a purchase. Sometimes you can only use one discount at a time. So I’ll do two separate orders. One for the drive thru and Gator goes inside for the other. Sometimes we make it a whole family affair and everyone purchases their own. You can easily cut down what would be a $10 order per person if you went app and couponless and ordered off the menu board down to $3 per person. But I’m Captain Cheapo, and I know I am in the 3% who would do it. Heck, on Monday, the Burger King App was offering a free six-piece french toast sticks with $1 purchase in the app. We gave the D a treat on the way to school. I sprung for a $3 breakfast sandwich. My Gator got those mini hash browns and D got his much treasured french toast sticks. The total bill was like $5.30. We brought our drinks from home. Inflation is occurring. Though, there are ways to really avoid it.
Growing your own garden from seed is a great way to save money too. Plant your seeds in a styrofoam dozen egg container. Seeds cost next to nothing, especially if you buy them clearanced out at the end of the prior year. Often, you can get them for 25 cents a pack. A pack is enough, for about five years of seeds (if not more). A bag of soil is $2. Then some chicken wire and wooden stakes and you can grow hundreds of dollars worth of groceries and they’ll be fresher, will last longer and will be truly organic.
Coast,
I grow carolina reapers and make a spray with them. Anything they munch on, I spray. They have been trained to stay away from my yard. But yes, the deer are out of control in this state. Last time I checked, in my area, they estimate that the population is 18 times what a healthy population in the ecosystem would be. They need to hunt them.
… losers, nitwits and boot-lickers…
Was that in a song by Julie Andrews or an album title by ‘The Outlaws’?
Lib,
West Windsor usually produces top notch students.
3b, certain veggies can well. Beans, artichokes. Others do not. But the canning process is a cooking process so the freshness is lost. There are some great options as far as frozen goes. For example, frozen peas are a fantastic product.
Libturd,
I knew you would be interested in how much money people were wasting on stuff like delivery, shiny “premium” offerings, etc! As I was reading it I was thinking about how you’d be seeing through this.
I’ll bet casinos play the same kind of tricks that you probably also avoid.
You don’t really buy corn, you rent it.
Put a 2” high fence made out of pressure treated lattice covered with chicken wire around my garden, keeps the critters out and i can just step over it. Had a groundhog invading last year from the woods behind the house until the dog got a piece of him as he was going back under the fence.
Peas, onions, radishes and carrots are in, historically done around St Patty’s, but global warming moved that date up.
Libturd,
The true Captain Cheapo move for your garden would be for you to demand your family collect their dumps in a bucket rather than springing for fertilizer. lol
“leftwing says: March 13, 2024 at 11:44 am: And I did open on a very short leash some VIX for next week….”
78% overnight chi…..dumped half, will take the rest to breakeven on the stop, or 3x on upside…
I knew shit felt funky yesterday when I couldn’t get a real quote…
No One,
No thanks.
“I’ll bet casinos play the same kind of tricks that you probably also avoid.”
You are correct on the casino tip. Gamblers really are the stupidest of all. I am on a few Facebook groups where Atlantic City gamblers share info, jackpot pictures, comp offers, etc. They are by far the dumbest group of people I have ever witnessed. The things they post are just so stupid. I mean, Jewish space laser stupid. The house has the edge in every single game. Unless you find an arbitrage opportunity or a juicy promo, they have you beat in the long run. Of course in the short-run, anything can happen. Those who belong to the Facebook Group are clearly not in the short-run camp. And how they lie about their success. Well here are some examples of gamblers’ idiocy. There are two video poker machines right next to each other. One has a pay table with a 99.6% return. Same denomination, the machine next to it has a 98% return. They don’t realize the machine that pays 9 for the full house and 6 for the flush is better than the machine that pays 8 and 5 respectively. Heck, they now have roulette wheels with single zero, double zero and triple zero. On Blackjack, they offer tables for under $25 minimum bet, but they only pay 6:5 for a blackjack or the dealer doesn’t have to stay on soft 17. A big thing now are the anti-social, single player versions of craps, roulette and blackjack. The odds on these games are much lower than the table games. The players don’t even look to see how the payouts are altered. It’s as if they are all there to lose their money as quickly as possible.
I’m off to run to Chase to finally close out of my accounts there and to make up for all of their grossly disgusting consumer behaviors in one fell swoop. I’ll tell you all about it when I return, if it works.
“A 30-year-old married math teacher from Missouri who seduced her 16-year-old student…”
I think I need to see a therapist. These female teacher mugshots get me randy even when they’re not hot…
Libturd,
What you describe is what makes casinos unbearable to me. (I’ve spent a few weekends inside of them in past years due to dance competitions). I spend my whole life trying to only invest where I have a calculated edge and expected probability of gain, ideally with low variance. Meanwhile, these people spend money to go lose money on the exact opposite dynamic. So even if I did work to get an edge like you do, it would be physically painful for me to spend that much time in these Cathedrals of Stupidity.
Anyone notice this local road-rage story?
https://www.northjersey.com/story/news/2024/03/12/ear-bitten-off-man-in-road-rage-fight-two-charged-with-assault/72950234007/
Sounds like a couple of real jerks.
“Cathedrals of Stupidity.”
I’m gonna steal that and you are absolutely right. The average return on a slot machine is about 90%. These numbers are published at every casino at every denomination from pennies to $5. I sometimes do some back of the envelope math as I stare across the giant swath of slot machines that make up most casinos. It’s pretty easy to calculate how much money the casino is taking in per hour actually and the numbers are simply astounding. Even penny machines (where the average bet is 80 cents). Say there are 100 machines in an area. Each machine is taking in about $400 per hour. At 90 percent return, that’s $40. Multiply this by $100 and you are talking $4,000 an hour. Maybe there is one slot attendant and one booze wench. Then there is the overhead. So they are probably taking in close to $3,900 an hour on 100 penny machines. Borgata has 4,000 machines. At busy times they are about 75% occupied so call it 3,000 machines. If they were all penny machines, that’s $117,000 an hour. But a lot of the machines are quarter and dollar machines where the average bet is closer to $5. And of course, there are even $25 machines up to $500. I’m actually guessing the machines alone bring in well over 200K an hour almost all weekend. Then there’s the table game revenue, which is way lower, but still significant. All the slot machines combined in AC bring in 13 billion in revenue a year. That’s a whole lot of stupid. For comparison’s sake, that’s about 20 times what ShopRite brings in.
‘
“I do believe the younger generations are being screwed in spite of what others say, and how they had it hard etc. I came of age in the 80s , and I don’t deny there were tough times , but nothing like today in my view, but what do I know.”
As someone who takes the other side arguing that the current generation is facing not materially different personal financial challenges as we here did in the crazy years of the late 80s or so I will agree that things are more precarious this time…
On the pure micro level costs relative to compensation are similar…the MAJOR issue for the current generation is the ‘background’ macro noise that during the next recession will take front stage….
During our tough personal finance years debt:GDP was 53% for us….120% for these kids. And now, unlike then, these budget busting expenditures are occurring with GDP growth of 6-10% annually and 3.9% unemployment….
Meaning there is zero dry powder for them during the inevitable downturn.
They are fucked now not because of the same individual financial challenges they face as we did, but because once the cycle turns there will be nowhere for them to hide….
Libturd,
You have the mind to become a potentially great casino manager in LV. Ever thought about doing that?
So on the brick & mortar bank thing.
About seven or so years ago, I had client turnover in my multi and they accidentally set up the wrong kind of escrow account under my LLC. It didn’t generate their typical (and still unchanged) .01% annual interest rate necessary for a tenant escrow account in NJ. There was a whole bunch of check writing and new account openings and closings occurring for me that day and it took over two hours, but they finally got things straight. Or so they thought. The following month, when I got my paper statements, there was still one from that original non-interest bearing account. I tried everything in my power to add the account to my online business login and personal account login, but it would say the account didn”t exist. Yet every month since then, I always received this statement with the same $3,900 in it. I figured, the longer I waited, the greater the likelihood it would be for them to not reconcile their error. So yesterday, I get certified mail from them saying if I don’t act on the account they will transfer the money to NJ’s unclaimed property division. Well, I’ve wanted to bail from Chase for too many reasons to list here, but mainly due to their lack of interest bearing accounts, secret fees, terrible customer service, bad lollipops, and junky pens. This year alone, I had to pay $65 in fees that were really their fault, but I could have caught their errors. Since they refunded me a fee in the past 12 months (also their fault), they wouldn’t refund me another. I have a feeling I was blackballed in their system as a loss leader since I constantly take advantage of their extremely lucrative credit card offers as frequently as possible. Plus I really took them to bathhouse with a Chase Private Client promotion two years ago. So I just went and closed all of my accounts (many of which are 30+ years old) and they didn’t even ask why, or try to stop me. No annoying call to someone in India (which almost always happened in the past). Just three hefty cashier checks. One for my checking. One for my savings. One for that client-tenant escrow from over half a decade ago that they screwed up on and paid me for twice. There is nothing quite like a $3,900 error in my favor as a going away gift. Toodles Chase.
No One,
I thought of becoming a host actually. But casino manager would not be a bad idea. My customer service skills are really top notch though. I think I could probably attract a few whales and do very well with them. Especially since I know the game really well.
Lib
“I rented an illegal basement (with an oil furnace) for $250 a month in 1995 for almost two years when I was bringing home about 15K a year after taxes…I made fake rail passes to cut that cost down. I even bought old reliable, my red Honda Civic Hatchback that year.”
Brother from another mother…me too, full basement, not even an apartment, in the Heights of JC…probably chock full of cancer from all the chromium in the ground there….did the rail pass thing too, was amazed more people didn’t, back in the day that was easy lol. And I even forewent a car…
But casino manager would not be a bad idea.
The way things will operate with Libturd as the Casino Manager:
https://www.youtube.com/watch?v=t4u5YDp1PkA
chock full of cancer from all the chromium in the ground there….
The chromium was on route 440, get it straight! ;)
Too funny.
Those rail passes were so easy before they instituted the hologram. I even was able to fake it for a number of months after they added the hologram by using a simple piece of laser printer foil. Of course, there was no picture in the hologram. But they never looked that closely, especially since I would just flash it from inside the picture holder in my trifold wallet. To get a new original to scan each month, we would alternate who bought the one monthly pass between all of my roommates. I think there were five of us in total. I hated when it was my month. That $80 felt like so much money back then. The only other time I felt like that was when we had to fill the oil tank in the house.
Leftwing ~ 2:02pm
I agree with you, except that there is dry powder available to be used if need be.
Look up “ Dynasty Trust” – 40 generations or 1000 years family asset trust that only pays income taxes which will be minimized. This is the in thing with the Bezos of the world, right next to their Apocalypse Bunkers.
So if there is a need. The will is sure to be found to break these dynasty trusts and force the 0.01% to pay their share.
The will is lacking as it has been bought off. There is an argument being made on Biden’s poll number where people are ticked off because they saw what government could do for them with a permanent safety after they experienced the pandemic safety net. They are asking themselves why it was not done before? After all the bankers and investors got their bail out safety net.
You would fit back there?
Libturd says:
March 14, 2024 at 2:20 pm
No One,
I thought of becoming a host actually. But casino manager would not be a bad idea. My customer service skills are really top notch though. I think I could probably attract a few whales and do very well with them. Especially since I know the game really well.
And more Lib…
“I am beginning to think that rate cuts might not happen this year…”
Very possible. Even likely.
One of my macro ‘thesis’ this cycle is basically that trading and even investing has been inordinately impacted by the ‘right-now, immediate feedback’ loop of social media especially by those with little context.
In other words, a bunch of yahoos are driveling a lot of shit over large microphones…on occasion when these expectations are taken up the market can become misaligned enough to provide real risk adjusted opportunities…
Regarding rate moves, I offered background when ‘chatter’ had 50 or 75 bp moves by the Fed (RFLMAO) or an off-meeting move (equally LOL)…
To repeat, abridged…
Powell’s entire background, especially his employers from young adulthood on, is conservative (lower case ‘c’). He faced early in his career self inflicted crises by firms in the financial markets. He is a student of history and especially financial history. He was conservative (late) in raising rates, and to think he will be early or even timely in cutting them is betting against this sober man’s DNA. There is no way he intends to go down as Arthur Burns 2.0. And, while the market chatterers with the microphones may not know or recall but the Chair certainly does, the Fed historically pointedly stays out of the way of any actions influencing political outcomes, especially rate moves near an election.
As such….March and even May really were never on the table for the conservative/Burns factor. September is off the table as it would be shocking for this man to cut six weeks before a Presidential election.
That leaves June and July, and the open questions there are ‘creep’…as we approach June will economic conditions be bad enough to overcome the conservative/Burns syndrome and as we approach July will conditions be bad enough to overcome election concerns…
So, maybe a June or July cut, would be surprised if both happen absent a financial or economic shock or reversal of current trends in GDP, employment, and PCE.
Looking at Fed probabilities I still see the market offsides towards too many cuts. But, in the same way where at the end of 2023 the market was 99.5% certain there would be at least one cut by May – which market probability is now at only 9% – the market will come around on the out months as well….
My assessment…one or no cuts through September and then back-to-back cuts in Nov and Dec. Fits with his strongly held pre-disposition to throw the economy into recession rather than risk any residual inflation and clears the election where if the economy is starting to deteriorate badly at that point he can just go full throttle, accelerating into 2025 and even pulling a 50bp out of the hat if necessary.
I think those ultra long term trusts are BS. Who knows whether you’d even like your great grandkids. As much a stranger to them as thier great grandfather was to them. A 1000 year trust when there’s a new legislature and new tax laws written all the time? Not going to last, and if it did, it would probably screw with future generations, giving them the money to cry about the less fortunate at black tie events held by their fashionable lefty charitable foundations they set up on Mars.
“I agree with you, except that there is dry powder available to be used if need be…The will is sure to be found to break these dynasty trusts and force the 0.01% to pay their share.”
Normally don’t reply to throwaway names but your facts and reason are so far off I feel compelled…even if you took every last penny from every billionaire – literally leaving them destitute on a cardboard box – that amount wouldn’t make a real dent in the national debt.
And that is using the current ATH asset values and assuming that dumping 100% of these types of assets gets done at market….
Can pretty much assure you that all those great private islands, mega-yachts, and art masterpieces lose 90% of their current market value when you strip all the other buyers of their wealth and liquidity….not to mention what happens to stock prices like AMZN when you go to dump the Bezos’ third of trillion dollars of the company…
Bottom line, by expropriating all the billionaires’ wealth you likely just cover this year’s budget deficit.
What’s the trick for next year, Houdini? LOL.
Talking about Mars. Today’s flight was really cool to see.
https://x.com/SpaceX/status/1765037578343121372?s=20
Go to 1:20:00
Really neat CNBC segment on real estate related AI this afternoon if someone has the time to chase it down, I can’t find it…was a segment on architectural/design…consumer tells the algo what they are looking for, it’s generated.
Example was a ski house, host told AI what she wanted, BR, BA, feel (open living, etc). House was generated, single story. Host blows it up to two story, then decides that product is too expensive so asked AI to keep the design but downscale for cost. Really neat.
Sorry architects….in the inimitable words of Judge Smails, grab a shovel….
Guess that stamp will be used similar to and worth about as much as a notary….
All the slot machines combined in AC bring in 13 billion in revenue a year. That’s a whole lot of stupid.
It’s a whole lot of Social Security is what it is.
Add architects to the homeless rolls.
LW
Teachers and nurses. Nurses different kinds of kinks.
Amazing how much debt Boomers racked up.
even if you took every last penny from every billionaire – literally leaving them destitute on a cardboard box – that amount wouldn’t make a real dent in the national debt.
My Boomer Parents benefit from their fiscally conservative Depression https://youtu.be/VMz4cWBtZAM?si=E_PEKDxtTVLDXIyj
Juice, I catch all the squirrels and relocate them. Mice all die. I make a covered maze with bricks and lay dozens of snap traps like a mine field.