From CNBC:
March homes sales dropped despite a surge in supply. Here’s why.
Sales of previously owned homes dropped 4.3% in March compared with February, to a seasonally adjusted annualized rate of 4.19 million units, according to the National Association of Realtors. Sales were 3.7% lower than in March 2023. This came after a big jump in sales in February.
Rising mortgage rates are likely the cause of the slowdown.
This sales count is based on closings from contracts likely signed in January and February. Mortgage rates stayed lower in January, in the mid 6% range on the popular 30-year fixed loan. They then shot higher in February.
Regionally, sales fell everywhere except in the Northeast, where they rose 4.2% month to month. Sales dropped hardest in the West, down 8.2%. Prices are highest in the West.
“Though rebounding from cyclical lows, home sales are stuck because interest rates have not made any major moves,” said Lawrence Yun, NAR’s chief economist, in a release. “There are nearly six million more jobs now compared to pre-COVID highs, which suggests more aspiring home buyers exist in the market.”
Inventory did improve slightly, rising 4.7% month to month to 1.11 million homes for sale at the end of March. That’s a 3.2-month supply at the current sales pace. Inventory is now 14.4% higher than March of last year.
More supply did not cool home prices, however. The median price of an existing home sold in March was $393,500, up 4.8% from the year before. It’s also the highest price ever for the month of March. The annual comparison was, however, slightly lower than the month before.
The spring housing market is getting more competitive, and moving faster. The typical home sat on the market for just 33 days compared with 38 days in February.
Investors pulled back a bit, making up 15% of sales, compared with 21% in February and 17% in March of last year. First-time buyers did make a comeback though, accounting for 32% of sales, up from 26% in February and 28% the year before.
All-cash purchases accounted for 28% of sales, down from 33% in February but up from 27% one year ago. Pre-pandemic, that share was generally around 20%.
Frist
Regionally, sales fell everywhere except in the Northeast…
Too late, you’re priced out forever. Please enjoy our parting gift of Banana-flavored Laffy Taffy!
Everybody wants to live in blue states.
NJ conservatives hate GOP controlled territories, Mississippi, Oklahoma, Kansas, Alabama. They’ll never move there.
Fast Eddie says:
April 19, 2024 at 7:15 am
Regionally, sales fell everywhere except in the Northeast…
Retired Boomer house around the corner now under contract.. Should sell for about $1.1 million, last sale price was 30 years ago. $83,000!
Monthly mortages/taxes after 20% down on a 30 year mortgage is about $7,000 a month. Everything is dated. New windows, doors, siding, floors, etc Add in another chunk of change for that..
VSG – Take a pick.. Red or Blue.
What do they all have in common, besides people would not want to MOVE there
Abilene, TX
• Akron, OH
• Albany, GA
• Albany, NY
• Albuquerque, NM
• Allentown, PA
• Amarillo, TX
• Anaheim, CA
• Anchorage, AL
• Ann Arbor, MI
• Antioch, CA
• Arden-Arcade, CA
• Arlington, TX
• Arlington, VA
• Asheville, NC
• Athens, GA
• Atlanta, GA
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• Aurora, CO
• Aurora, IL
• Austin, TX
• Bakersfield, CA
• Baldwin Park, CA
• Baltimore, MD
• Baton Rouge, LA
• Beaumont, TX
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• Berkeley, CA
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• Bloomington, IL
• Bloomington, IN
• Bloomington, MN
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• Boulder, CO
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• Brownsville, TX
• Buffalo, NY
• Cambridge, MA
• Camden, NJ
• Cape Coral, FL
• Cedar Rapids, IA
• Champaign, IL
• Chandler, AZ
• Charleston, SC
• Charlotte, NC
• Chattanooga, TN
• Chicago, IL
• Chico, CA
• Chula Vista, CA
• Cicero, IL
• Cincinnati, OH
• Clarksville, TN
• Clearwater, FL
• Cleveland, OH
• Clovis, CA
• College Station, TX
• Colorado Springs,
CO
• Columbia, MO
• Columbia, SC
• Columbus, GA
• Columbus, OH
• Compton, CA
• Concord, CA
• Concord, NC
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• Corpus Christi, TX
• Costa Mesa, CA
• Cranston, RI
• Dallas, TX
• Davenport, IA
• Dayton, OH
• Dearborn, MI
• Decatur, IL
• Deerfield Beach, FL
• Denton, TX
• Denver, CO
• Des Moines, IA
• Detroit, MI
• Downey, CA
• Duluth, MN
• Durham, NC
• East Los Angeles
CDP, CA
• Edmond, OK
• El Cajon, CA
• El Monte, CA
• El Paso, TX
• Elgin, IL
• Elizabeth, NJ
• Erie, PA
• Escondido, CA
• Eugene, OR
• Evansville, IN
• Fairfield, CA
• Fall River, MA
• Fargo, ND
• Fayetteville, NC
• Federal Way, WA
• Flint, MI
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• Fort Collins, CO
• Fort Lauderdale, FL
• Fort Smith, AR
• Fort Wayne, IN
• Fort Worth, TX
• Fresno, CA
• Gainesville, FL
• Garden Grove, CA
• Garland, TX
• Gary, IN
• Glendale, AZ
• Glendale, CA
• Grand Prairie, TX
• Grand Rapids, MI
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• Greensboro, NC
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• Gresham, OR
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• Hampton, VA
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• Hialeah, FL
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• Hillsboro, OR
• Hollywood, FL
• Houston, TX
• Huntsville, AL
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• Inglewood, CA
• Irving, TX
• Jackson, MS
• Jacksonville, FL
• Jersey City, NJ
• Joliet, IL
• Kansas City, KS
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• Kenosha, WI
• Kent, WA
• Killeen, TX
• Knoxville, TN
• Lafayette, LA
• Lakeland, FL
• Lakewood, CO
• Lancaster, CA
• Lansing, MI
• Laredo, TX
• Largo, FL
• Las Cruces, NM
• Las Vegas, NV
• Lawrence, KS
• Lawrence, MA
• Lawton, OK
• Lehigh Acres, FL
• Lexington, KY
• Lincoln, NE
• Little Rock, AR
• Long Beach, CA
• Longmont, CO
• Longview, TX
• Los Angeles, CA
• Louisville, KY
• Lowell, MA
• Lubbock, TX
• Lynn, MA
• Macon, GA
• Madison, WI
• Manchester, NH
• McAllen, TX
• McKinney, TX
• Melbourne, FL
• Memphis, TN
• Menifee, CA
• Merced, CA
• Mesa, AZ
• Metairie, LA
• Miami Beach, FL
• Miami Gardens, FL
• Miami, FL
• Midland, TX
• Milwaukee, WI
• Minneapolis, MN
• Mobile, AL
• Modesto, CA
• Montgomery, AL
• Moreno Valley, CA
• Murfreesboro, TN
• Nampa, ID
• Napa, CA
• Nashua, NH
• Nashville, TN
• New Bedford, MA
• New Haven, CT
• New Orleans, LA
• New York City, NY
• Newark, NJ
• Newport News, VA
• Norfolk, VA
• Norman, OK
• North Charleston, SC
• North Las Vegas, NV
• Norwalk, CT
• Oakland, CA
• Oceanside, CA
• Odessa, TX
• Ogden, UT
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• Omaha, NE
• Ontario, CA
• Orem, UT
• Orlando, FL
• Oxnard, CA
• Palmdale, CA
• Paradise, NV
• Pasadena, CA
• Pasadena, TX
• Paterson, NJ
• Peoria, IL
• Philadelphia, PA
• Phoenix, AZ
• Pittsburgh, PA
• Pomona, CA
• Pompano Beach, FL
• Portland, OR
• Portsmouth, VA
• Providence, RI
• Provo, UT
• Pueblo, CO
• Quincy, MA
• Racine, WI
• Raleigh, NC
• Reading, PA
• Redding, CA
• Reno, NV
• Rialto, CA
• Richmond, CA
• Richmond, VA
• Riverside, CA
• Roanoke, VA
• Rochester, MN
• Rochester, NY
• Rockford, IL
• Sacramento, CA
• Salem, OR
• Salinas, CA
• Salt Lake City, UT
• San Angelo, TX
• San Antonio, TX
• San Bernardino, CA
• San Diego, CA
• San Francisco, CA
• San Jose, CA
• Santa Ana, CA
• Santa Barbara, CA
• Santa Clarita, CA
• Santa Maria, CA
• Santa Rosa, CA
• Savannah, GA
• Scranton, PA
• Seattle, WA
• Shreveport, LA
• Sioux City, IA
• Sioux Falls, SD
• South Bend, IN
• South Gate, CA
• Sparks, NV
• Spokane Valley, WA
• Spokane, WA
• Springfield, IL
• Springfield, MA
• Springfield, MO
• St. Joseph, MO
• St. Louis, MO
• St. Paul, MN
• St. Petersburg, FL
• Stamford, CT
• Sterling Heights, MI
• Stockton, CA
• Suffolk, VA
• Sunrise Manor, NV
• Syracuse, NY
• Tacoma, WA
• Tallahassee, FL
• Tampa, FL
• Tempe, AZ
• Thornton, CO
• Toledo, OH
• Topeka, KS
• Trenton, NJ
• Tucson, AZ
• Tulsa, OK
• Tuscaloosa, AL
• Tyler, TX
• Vallejo, CA
• Vancouver, WA
• Ventura city, CA
• Victorville, CA
• Visalia, CA
• Vista, CA
• Waco, TX
• Warren, MI
• Washington, DC
• Waterbury, CT
• Waukegan, IL
• West Palm Beach,
FL
• West Valley City, UT
• Westland, MI
• Westminster, CA
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• Whittier, CA
• Wichita Falls, TX
• Wichita, KS
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• Yonkers, NY
• Yuma, AZ
“Well, put it this way. If i would have talked to you in 2019 about ginko going public and getting a 10 billion evaluation….you would have said impossible. Yet, they made it happen.”
LOL, totally agree. That they forced that valuation is not an accomplishment, it is a fail. A primary cause of their problems now.
Plenty of developmental stage companies from that era are trading well. They went out at reasonable valuations and exceeded their numbers.
Those two factors determine your share price trajectory.
DNA blew both of them…their valuation was entirely unsupportable fantasy while their forecasts were – to be polite – highly aspirational. They have not come close to meeting them.
When you go out at a reasonable valuation and exceed plan your stock is actually up regardless of the rate environment. When you go out at an unsupportable valuation and blow plan you are down 92% from IPO.
‘Rates’ accounted for a small portion of that loss in DNA shares…the vast majority resides entirely in the C-suite and decisions made around their offering.
Tik Tok and you don’t stop. Who wanted to by it? Was it Peter Theil, Steven Mnuchin, and Kevin O’leary? I doubt they can pull it off the valuation is north of $100 Billion already, with about $16 billion in advertising sales in the USA.
We all know the war funding bills will pass on the vote this Saturday….
” 4. TikTok ban – With the House set to vote on foreign aid on Saturday, Republicans have added a hot-button bill to the funding package that could lead to a nationwide TikTok ban. House lawmakers passed a bill in March that aims to remove the platform from US app stores, but it has become bogged down in the Senate. By including it in the aid package, House Republicans hope to force the Senate to a quick vote on a measure supporters say is necessary to protect Americans’ personal data from the Chinese government. Opponents, including TikTok and a range of civil society groups, have argued the bill risks violating TikTok users’ First Amendment rights. The latest version of the TikTok bill sets out a nine-month timeframe for the app’s Chinese parent, ByteDance, to sell the social media company. If it misses the deadline, TikTok would be banned in the US.”
Let’s ask Meta AI.
You
Where Will Ginkgo Bioworks Be in 5 Years?
Meta AI
Ginkgo Bioworks is a high-risk, high-reward investment, and its future is uncertain ¹ ². The company has a lot of potential due to its genetic engineering capabilities, which can help companies develop new products and improve their processes. However, Ginkgo is not yet profitable and is burning through a lot of cash. The company has been securing deals and partnerships with top companies, which could lead to more opportunities in the future. However, investors should be cautious and not expect profitability anytime soon. Ginkgo’s financials are poor, and the business is still unproven. It’s recommended to take a wait-and-see approach before investing in the company.
Called my congresswoman:
*Funding for American kids college: Yes
*Funding for Israel: Yes
*Funding for Ukraine: No
There are a few houses for sale in my development asking for top dollar with no takers. You’re not going to get top dollar for a used house at 7% rates when you can buy a brand new copy of that exact house a few miles away with the builder paying to get a lower rate. Same school district, even same middle and high school. Why pay up with a higher rate too for a used house?
Houses were reselling quickly at 3% rates, but now the builders have the advantage.
Very Stable Genius,
You are on the right track. The Ukraine has no way of ‚winning‘ this proxy war regardless of how much money and weapons are pumped into the country. The bigger issue is a lack of manpower. Simply put, Russia can afford their causalities due to their much larger population, Ukraine can not. Besides, why should the US continue funding a war that isn’t in our national interests (other than the apparent goal of regime change in Russia)?
Very Stable Genius says:
April 19, 2024 at 8:18 am
Called my congresswoman:
*Funding for American kids college: Yes
*Funding for Israel: Yes
*Funding for Ukraine: No
Please enjoy our parting gift of Banana-flavored Laffy Taffy!
The only flavor worth losing teeth over.
Banana Runts too, if you remember those.
Isoamyl acetate is delicious.
The only flavor worth losing teeth over.
Yep! And don’t forget the banana-flavored circus peanuts. It was like biting into a hard marshmallow.
Yellow dye #6 rules!!
It certainly is a lottery play. That write-up by ai is exactly what I have been saying about the company.
It is what it is…I hope they survive this high rate environment. It would help the human species significantly. Biotech’s time to shine is coming. Going to change our lives. Just hope DNA makes it to the next chapter. If they do, lots of money to be made off the current stock price.
Juice Box says:
April 19, 2024 at 8:09 am
Let’s ask Meta AI.
You
Where Will Ginkgo Bioworks Be in 5 Years?
Meta AI
Ginkgo Bioworks is a high-risk, high-reward investment, and its future is uncertain ¹ ². The company has a lot of potential due to its genetic engineering capabilities, which can help companies develop new products and improve their processes. However, Ginkgo is not yet profitable and is burning through a lot of cash. The company has been securing deals and partnerships with top companies, which could lead to more opportunities in the future. However, investors should be cautious and not expect profitability anytime soon. Ginkgo’s financials are poor, and the business is still unproven. It’s recommended to take a wait-and-see approach before investing in the company.
Juice,
Are they all democrat-controlled locales?
And that’s fine….getting a ridiculously cheap price right now if this works out. Market cap is fine at the moment. It has been beat to chit by shorts. If you want to take a risk with a massive reward, well, here it is.
“DNA blew both of them…their valuation was entirely unsupportable fantasy while their forecasts were – to be polite – highly aspirational. They have not come close to meeting them.
When you go out at a reasonable valuation and exceed plan your stock is actually up regardless of the rate environment. When you go out at an unsupportable valuation and blow plan you are down 92% from IPO.
‘Rates’ accounted for a small portion of that loss in DNA shares…the vast majority resides entirely in the C-suite and decisions made around their offering.”
And i disagree with you about the rates being a small portion of that loss. Rates are everything. Why do they raise rates? To cool off growth….so what companies get killed….high growth. Companies that need to borrow to grow. The minute they start cutting, DNA will go up. No arguing that.
Opinion Here are the U.S. congressional districts benefiting from Ukraine aid
Districts that can manufacture an Iphone— Zero.
https://www.washingtonpost.com/opinions/2024/04/18/ukraine-map-districts-weapons/?utm_campaign=wp_todays_headlines&utm_medium=email&utm_source=newsletter&wpisrc=nl_headlines&carta-url=https%3A%2F%2Fs2.washingtonpost.com%2Fcar-ln-tr%2F3d71b68%2F662240cf2d43a25434eecc0b%2F5ccf619b9bbc0f0bf83d6f5e%2F24%2F61%2F662240cf2d43a25434eecc0b
Just the fact that the only thing America can manufacture is weapons shows you just what kind of country America is.
Just the fact that the only thing America can manufacture is weapons shows you just what kind of country America is.
Does that include weaponized judicial systems?
Keep it classy ‘murica.
Former NFL All-Pro wide receiver and current internet provocateur Antonio Brown sparked backlash after sharing a slew of abusive tweets about Caitlin Clark.
The WNBA top-pick quickly blocked Brown for his antics, with his tweet about how Clark ‘looks like she keep it hairy’ causing particular offense.
But the receiver didn’t let up, also calling her his ‘Cracker of the Day’ and ‘Cousin It’ – a nod to an Addams Family character.
Eddie,
It most certainly does.
Fast Eddie says:
April 19, 2024 at 9:26 am
Just the fact that the only thing America can manufacture is weapons shows you just what kind of country America is.
Does that include weaponized judicial systems?
Agree
Libturd says:
April 18, 2024 at 9:44 pm
Gary,
You do realize, they papered over the windows because a whole bunch of maga morons were protesting outside driving the election board people insane. They can’t generate votes. This is not Russia and election boards take a lot of pride in the accuracy of our elections. You do realize, they risk 2-12 years in prison and a class D felony charge for tampering with the election. That’s an awful lot of risk to take especially considering the system of checks and balances is so incredibly thorough, it’s nearly impossible to get away with it, evidenced by so many attempted tamperers ending up in jail.
MAGAs only real evidence of election fraud in 2020 was that their leader lost.
“There were over 60 court cases where judges, including judges appointed by President Trump and other Republican presidents, looked at the evidence in many cases and said there is not widespread fraud.”
But since there was paper on the windows, they must have cheated!
In fact, it is probably the most weaponized thing it has.
Did your money get extorted to places you didn’t want it to go to on tax day?
America can make up a law that makes it legal to torture someone with just a pen.
It makes forfeiture laws so if you have cash and want to buy a car out of state the PoPo will steal your hard earned legal cash and make you fight to get it back.
Hell if you get charged with a petty crime, they charge to 300 per month to pay for your ankle bracelet- and the crime for not making the payment is worse than the crime you comittted. Now that is being a DOUCHE in capital letters.
Fortune Magazine, April 12: KPMG surveyed 2500 of the top CEO s of companies turning over at lest 500 million. Only 1/3 of these CEO s surveyed now expect a full time return to the office over the next 3 years.
Antonio Brown… omg!
Can I see your license and registration?
Pennsylvania cop and military veteran, 29, ‘raped 13-month baby then blamed her broken bones on the family dog’
He got me with Cousin It.
Hehe.
Fast Eddie says:
April 19, 2024 at 9:50 am
Antonio Brown… omg!
You do realize, they papered over the windows because a whole bunch of maga morons were protesting outside driving the election board people insane.
So much for full transparency. You are not allowed to see what is going on in here!
Interesting analogy emerging between the blue states not being able to keep people (especially high net worth people) from moving to red states, and communist-controlled East Berlin. As we all know, except perhaps imbecilic twits like Unstable, the commies ended up having to build a wall to keep people from leaving. Well now we have the blue states (led by NY and Cali) building virtual/tax walls, designed not to keep people from leaving, but to keep those that leave from taking their money with them. Interesting article this morning on Bloom about NY enlisting an army of bare-knuckled auditors to wring every cent they can out of the wealthy people that keep the state afloat. What’s clear is that the corrupt and incompetent blue state Dems are experiencing the same sense of desperation that the commies must’ve felt when they realize that they’re losing human and financial capital.
Good Opinion piece over in the WSJ by Joseph Sternberg on the Fed and how they are wrong again. He notes what some here including myself have been saying about the Fed, including comments some of us were making back in December regarding the Fed.
Isoamyl acetate is delicious.
Not as good as Donghua Jinlong industrial grade glycine.
Sternberg is the author of The Theft of A Decade, How the Boomers Stole Millenials Future. It’s a pretty decent book, heavy with numbers/ charts. The work is more nuanced than the title would suggest. Sternberg is a conservative.
Interesting analogy emerging between the blue states not being able to keep people (especially high net worth people.
No analogy. The old goats worked in Blue states to get their pensions from their taxpayer funded government breasts. They latched on and drained those puppies dry.
Of course, there comes a time when they have to drop off, the young’uns want their milk, and it would be up to old goat to help refill the teets. But that ain’t gonna happen, they will run from the obligations they expect everyone else to pay for- as they are they are only takers, not givers.
When they switch to red from blue, that’s because they, like ticks,have engorged on their host, will drop off, and now want to sit back and enjoy their feast. Now there is your REAL analogy.
Bought a Chinese made dashcam for 3.5 bucks. Included a 4 gig card
Works great. You could buy 2 for the cost of a Happy Meal.
They record fine. Just don’t taste as good as a Happy Meal.
China rules.
Chinese kid at 7 can program a computer. This is what American kids do at 12:
The Utah school where pupils dressed as animals have allegedly been scratching and biting other students has now been hit with a bomb threat. Kids walked out of Mt. Nebo Middle School in Payson on Wednesday to protest the ‘furries’ – and parents were today warned that the school has since received a threat. In an email from Principal Kelly Taylor, parents were warned about a ‘non-credible bomb threat’ while being told they were ‘welcome to keep your child home today’.
Gettysburg.
What an unbelievable battle that was, the Battle of Gettysburg. What an unbelievable, I mean, it was so much, and so interesting and so vicious and horrible, and so beautiful and so many different ways.
It represented such a big portion of the success of this country; Gettysburg.
Wow. I go to Gettysburg, Pennsylvania to look and to watch.
And the statement of Robert E. Lee, who’s no longer in favor.
Did you ever notice that? No longer in favor.
“Never fight uphill, me boys, never fight uphill.” They were fighting uphill.
He said, “Wow, that was a big mistake.” He lost his great general and they were fighting. “Never fight uphill, me boys.”
But it was too late.
Phoenix,
If you think the only thing that the US can manufacture is weapons, then it’s a sign you’ve been watching too much CCP propaganda on TikTok.
Instead of watching Karen freakout videos, it would be better for your mental health to watch a lot of back to back shows of How America Works by Mike Rowe. Behind the headlines and the twisted social media, there are a lot of smart, hard-working people cooperating to do and make things.
“Never fight uphill, me boys”
Hahahaha..aaaa!!!! This unhinged guy is nuts! Hahaha
Phoenix: Why we’re the students dressing as animals?
3b says:
April 19, 2024 at 10:29 am
Phoenix: Why we’re the students dressing as animals?
F if I know.
SGC,
Please explain how any medical school or OBGYN would staying a state like AZ? All of these states with draconian abortion laws will need to travel elsewhere for medical school or OBGYN services.
Good luck with your twisted theory on red/blue states and migration.
Behind the headlines and the twisted social media, there are a lot of smart, hard-working people cooperating to do and make things.
Like MyPillows. And laser cut WeatherTech floor mats. Ford PIckups that cost
6000 dollar to repair a tail light.
And Boeing aircraft that nosedive into the ocean.
https://www.youtube.com/watch?v=MUkFsuilVD0&t=149s
Phoenix,
Here’s some of those Chinese kid geniuses that CCP propaganda has convinced you is superior to Americans.
https://www.youtube.com/watch?v=Gf4_2NAmrvc&t=582s
Heck where do you even get an ol’ fashioned coat hanger these days. Them plastic thingy ones won’t get the job done.
Old realtor says:
April 19, 2024 at 10:33 am
SGC,
Please explain how any medical school or OBGYN would staying a state like AZ? All of these states with draconian abortion laws will need to travel elsewhere for medical school or OBGYN services.
Good luck with your twisted theory on red/blue states and migration.
“Not as good as Donghua Jinlong industrial grade glycine.”
You’d have to ask my dog about that.
Airplane safety is better now than pretty much any time in the history of aviation, despite Boeing’s recent problems. China, despite decades of intellectual property theft, still doesn’t have a viable large passenger jet body. And forget about engines, as even their long awaited narrowbody plane will have to use western ones.
Slo joe slinging a tale about his uncle being eaten by cannibals?
Four more years. lol.
Microsoft’s VASA-1 software. Future is gonna be fun.
https://www.youtube.com/watch?v=pCMoFge4wxo
Phoenix says:
April 19, 2024 at 10:12 am
“No analogy. The old goats worked in Blue states to get their pensions…When they switch to red from blue, that’s because they…engorged on their host…”
Dumb. Simplistic. Wrong.
Note this from Mr Musk: “Tesla is the last car company still manufacturing cars in California. SpaceX is the last aerospace company still doing significant manufacturing in California…There used to be over a dozen car plants in California. And California used to be the center of aerospace manufacturing! My companies are the last two left…That’s a very important point to make…For myself, yes I have moved to Texas.”
It’s almost impossible to believe how quickly the blue states are chasing away human and financial capital.
Phoenix,
Microsoft’s VASA-1 software. Future is gonna be fun.
Just tell me when I can clone Eva Mendes. ;)
The lies roll out of their mouths so easily.
https://youtu.be/940HIRBHFfA?t=236
Not soon enough. Hehe.
Fast Eddie says:
April 19, 2024 at 11:09 am
Phoenix,
Microsoft’s VASA-1 software. Future is gonna be fun.
Just tell me when I can clone Eva Mendes. ;)
Just about all of the gold has disappeared. Maybe ask Menendez if he knows anything. 😁
Nine People, Including an Airline Worker, Are Arrested in $14.5 Million Gold Heist
The stolen gold was partly used to buy guns that were bound for Canada, the police said.
‘Gold Bar’ Bob Menendez’s wife is terrified she will go to PRISION because she doesn’t have enough money to pay for lawyers, report claims
Sen. Bob Menendez’s wife fears she’ll go to jail
Wife Nadine Arslanian doesn’t have the cash for a legal team
Her bribery case goes to trial in July, while Menendez goes to trial next month
They have plenty of friends who will help them, for say, state contracts, a little health care fraud, maybe some jury tampering.
Menendez’s wife should flip and take a deal..
Phoenix: What about Bob? Can’t he pay for his Wife’s defense?
Walked in on her bf & victim having sex.
https://www.reddit.com/r/PublicFreakout/comments/1c7z77q/women_in_seattle_guns_down_another_woman_and_then/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button
So at what price should I buy DNA? At a dime, penny or half penny?
3b – He filed to throw her under the bus already.
https://www.politico.com/news/2024/04/16/menendez-defense-point-wife-00152643
Trump media at $36.00, up from $22.00 two days ago.
Any questions?
She should put this on her resume
https://m.youtube.com/watch?v=acU_T-ZvE7A&pp=ygUibWFnYXppbmUgZ3VuIHVuaXZlcnNpdHkgb2YgY2hpY2Fnbw%3D%3D
Fast Eddie says:
April 19, 2024 at 3:35 pm
Any questions?
Yeah, why did this guy do this?
Man sets himself on fire outside Trump trial in horrific scene as onlookers watch wild blaze
Max Azzarello set himself on fire outside Manhattan criminal court
He was rushed to the hospital where he remains in critical condition
Phoenix,
I caught it on cable the moment it happened. The CNN reporter described it explicitly as the camera focused solely on her. But CNN and FOX both caught it live as it happened. The guy was sitting on the bench and wasn’t moving as he was in flames. That in itself was stunning to see. FOX cut to commercial and CNN’s anchor had the camera focused on her continually, not going to break. MSNBC was masturbating as usual and frothing over Trump.
Monkey Branching, leading to bankruptcy:
Days prior to the deaths, Christopher Bird had received court documents declaring spousal and child support.
Saefong said: ‘We think the divorce may have sent him over the edge and then along with the custody battle that was finalizing at the end too.’
According to Saefong, the couple had been going through a divorce but her sister denied any physical abuse.
She added: ‘We asked her, ‘do you feel like he’s physically abusive?’, ‘No, absolutely not’, she would say. She would say, ‘He would never physically harm me. He’s fine.’
Fast Eddie,
The pressures on people is real. Some can’t take it.
That guy is probably not going to make it. Seen it before.
The guy was cooking for a minute or better.
3:35 How much did you buy??
“California’s massive budget deficit, coupled with the state’s relatively high level of joblessness, has become a major barrier to reducing the billions of dollars of debt it has incurred to pay unemployment benefits.
The surge in unemployment brought on by the COVID pandemic pushed the state’s unemployment insurance trust into insolvency. And over the last year California’s joblessness has been on the upswing again, reaching 5.3% in February, the highest among all states. The March job numbers come out Friday.
To keep the safety-net program operating at a time when the taxes paid by employers and earmarked for jobless benefits are insufficient, Sacramento has been borrowing billions of dollars from the federal government. The debt now stands at about $21 billion and growing, an increasing burden for state deficit fighters and for the businesses that pay into the jobless insurance program.
Payroll taxes paid by employers are rising not only to cover payouts to unemployed workers but also a state surcharge and a gradually increasing federal surtax to help pay off the principal on the debt. But the tax increases are not enough to deal with the huge loan the state has incurred, or at least not in any timely manner.
California already has paid more than $650 million in interest on the loan — and another approximately $550 million is due on Sept. 30.
“Businesses are going to continue to see the slow boil eating into their margins,” said Robert Moutrie, senior policy advocate for the California Chamber of Commerce.
Higher taxes will hit small and midsize firms in sectors such as restaurants and tourism especially hard, he said.
“It just adds to the burden and the costs of operating here and makes companies look at operating elsewhere,” Moutrie said.
There’s been a lot of attention on dollars lost to fraud — analysts and workers’ rights groups point to another problem: Even during more-normal economic times, the state often doesn’t collect enough unemployment insurance taxes to cover jobless claims.
“The root problem really is that for decades policymakers haven’t been requiring businesses to pay enough into the [unemployment insurance] fund to support the benefits workers really need,” said Amy Traub, senior researcher and policy analyst at the National Employment Law Project.
Data also show that jobless workers in California stay on unemployment significantly longer than the national average, which adds to the total payout amount. And California workers claim unemployment benefits in disproportionately high numbers.
The state currently accounts for about 20% of the nation’s jobless claims, far in excess of its 11% share of the labor force population. That partly reflects the state’s higher unemployment and accompanying increases in layoffs and jobless claims in the tech industry and other sectors, but also its comparatively easier eligibility rules and low re-employment rate.
Last year California’s jobless workers received on average $385 a week, replacing only about 28% of the average wage. Both figures are lower than the national averages, according to Department of Labor statistics. (The wage replacement rate is about 50% for minimum-wage workers in California.)
But California also stands out as an outlier in the way it’s managed, or mismanaged, the program.
When COVID struck in March 2020, U.S. unemployment jumped to 14.8% a month later and brought unprecedented jobless claims, forcing California and many other states to borrow from the federal government to keep paying benefits. Almost all of the other states have since repaid those loans, some with pandemic relief money they also got from Washington.
Today only New York and California, plus the Virgin Islands, still owe money for unemployment insurance loans.
Analysts said California could have used some of the $43.5 billion the state received in American Rescue Plan Act money to pay down the debt. Instead, state officials spent the relief money for other purposes, including additional stimulus checks to residents.
“California had options and it chose the spending option instead of the responsible option,” said Matt Weidinger, a senior fellow at the American Enterprise Institute who has written widely on the unemployment insurance program. He said higher employer payroll taxes will ultimately spill over to employees in the form of less wages.
Some suggested that officials may have felt the state had plenty of financial cushion coming out of the pandemic in 2021-22. Then, Sacramento was flush with cash, thanks to huge tax windfalls. And the interest rate on the federal unemployment insurance loan two years ago was at a historical low of 1.6%.
But not only has the interest rate on the loan since risen to 2.6% — and may yet rise further — what were once huge surpluses are now a projected record budget deficit of more than $70 billion in 2024-25, according to a February update by California’s Legislative Analyst Office.
An economic downturn in the state, marked by a falloff in technology investment and rising overall unemployment, has resulted in unprecedented shortfalls in tax revenues.
Under such budget constraints, California officials had little choice but to pull back on plans to spend $1 billion to reduce the principal on the unemployment insurance loan.”
AI boom go bust?
Super Micro down $713.65 – 23.14% -214.83
NVIDIA down 762.00 USD -10.00%−84.71
California will be just fine. How many shares of DJT did you buy???
Lax: I would not be so sure about that.
Jersey will fall apart well before CA. Dat pesky pension overhang.
CA had a massive labor strike this year, a one-time event that dinged the coffers.
LAX says:
April 19, 2024 at 5:05 pm
“Jersey will fall apart well before CA.”
Not exactly going out on a limb by predicting that one broken-down, Dem-led blue state will fall apart before another broken-down, Dem-led blue state. Fact is, most of the blue states are essentially broke — unable to effectively provide core services (like fixing potholes) because of reckless spending, reckless borrowing, give-a-ways to the public sector unions, and general incompetence. Driving away the productive class as explained by Musk is just one of the final nails in their coffins.
Nobodies rooting for States to fail .
Right? Who would do that?
Meanwhile:
The New York attorney general’s office has asked a judge to void the $175 million bond former President Trump secured to put off paying the larger monetary damage award in his civil fraud case.
State lawyers said in court filings Friday that the former president and his co-defendants — the Trump Organization and its top executives, including his two eldest sons — failed to prove the surety Trump used to obtain the bond actually has the money to back it.
They also say the defendants did not show that “sufficiently secure and ascertainable” collateral backs the bond.
“Based on the foregoing, the People respectfully request that the Court deny Movants’ motion to justify the surety, declare the Bond to be without effect and order that any replacement bond be posted within seven days, along with such other and further relief the Court deems necessary and appropriate,” lawyers with New York Attorney General Letitia James’s (D) office wrote in a 26-page filing.
Trump’s bond was secured by the California-based Knight Specialty Insurance Company.
State lawyers argued Knight is a “small insurer that is not authorized to write business in New York” and, until Trump, had “never before written a surety bond in New York.”
The company has a total policyholder surplus of just $138 million, the filing says. Under New York state law, companies like Knight can’t expose themselves to liabilities — like a bond — or any potential loss greater than 10 percent of their surplus.
Yeesssir:
https://youtu.be/vsQzw_Ax8Cw?si=za_fyrMrzjmgJr2d
Guy I know was making hundreds of thousands a year, but stayed in an apartment he and his wife had outgrown.
Why?
Rent control.
He was paying a couple grand a month, and it made no sense to move when the same unit would cost 2x.
He had an insane deal, and didn’t want to give it up.
So, many like him stay in their apartments for many years.
It keeps apartment inventory low, and increases rents for everyone not lucky enough to be under rent control.
This is what the US housing market has become.
Millions and millions of people locked into 3% loans for the next 25 years.
In fact, almost a quarter of US homeowners have loans below 3%, and nearly 80% are paying under 5%.
Just like my friend, people aren’t going to move and pay double for the same house, or even 50% more.
They’re going to stick it out for a long time, and not sell.
Keeping prices high for everyone else.
The American housing market:
Rent control at grand scale, with no end in sight.
Well that’s no surprise.
The man exposing NYC’s toll-dodging license plate cheats and their sneaky tricks – with COPS ‘the worst offenders’ in $100M-a-year scam
A vigilante patrols streets of NYC – exposing motorists with illegal license plates
Gersh Kuntzman, 58, cycles around the Big Apple armed with a camera to record the culprits and a Sharpie and screwdriver to fix their plates
Covered plates let motorists to avoid speed cameras and other traffic violations
keep doing God’s work:
https://twitter.com/GershKuntzman
Happy 4/20 Bitchesssszz
AOC from Barista to an expert on every topic there is. Progressives are scary.
4:22 she’s hot AF.
In the year two thouuuusaaaaaand!
https://shorturl.at/eimzR
Damn, they weren’t off by much
Open house across the street from me today. Apparently, my son was mowing. He briefly stopped and saw one of the visitors say “I guess they don’t have landscaping”. I wish to god I was there because I would have said, “you won’t either after you drop $850k on this home”.
First
BRT: Not surprised they made that comment. There are some Americans who get a college degree, and a white collar job, and all of a sudden they become snobs.
“I guess they don’t have landscaping”.
This reminds me of the time when we were in the Bahamas and some goomba from Staten Island was yelling at the hotel staff because they cancelled Italian food night. Who the fuck goes to the Bahamas eager for Italian food night? I bet this woman who commented about the landscaping had the same attitude. If you’re going to buy the house, get off your fat ass and do the landscaping yourself.
Eddie,
How do you know it’s a woman who made the comment?
Phoenix: Because it sounds like a comment a pretentious woman might make.
Fast: That guy from Staten Island sounds like one ignorant moron.
This guy gets 250k in student debt wiped out. He now wants to use the savings to go study under his mediation teacher in India.
https://www.businessinsider.com/how-to-get-student-loan-forgiveness-income-driven-repayment-genx-2024-4
HMB,
He looks like a nice enough guy.
Phoenix
It’s nice we get to see who fast Eddie and no one are paying for. Maybe fast or SGC can visit him in India.
Eddie, are you recommending a Buy on DJT? At what price? How much did you buy (as percentage of your portfolio if you don’t get into actual amounts)?