From CNBC:
Home prices hit record high in June on S&P Case-Shiller Index
Even as mortgage interest rates were rising, home prices reached the highest level ever on the S&P CoreLogic Case-Shiller U.S. National Home Price Index.
On a three-month running average ended in June, prices nationally were 5.4% higher than they were in June 2023, according to data released Tuesday. Despite being a record high for the index, the annual gain was smaller than May’s 5.9% reading.
The index’s 10-city composite rose 7.4% annually, down from 7.8% in the previous month. The 20-city composite was 6.5% higher year over year, down from a 6.9% increase in May.
“While both housing and inflation have slowed, the gap between the two is larger than historical norms, with our National Index averaging 2.8% more than the Consumer Price Index,” noted Brian Luke, head of commodities, real and digital assets at S&P Dow Jones Indices, in a release. “That is a full percentage point above the 50-year average. Before accounting for inflation, home prices have risen over 1,100% since 1974, but have slightly more than doubled (111%) after accounting for inflation.”
New York saw the highest annual gain among the 20 cities, with prices climbing 9% in June, followed by San Diego and Las Vegas with annual increases of 8.7% and 8.5%, respectively. Portland, Oregon, saw just a 0.8% annual rise in June, the smallest gain of the top cities.
If mortgage rates drop a whole percentage, I suspect more inventory emerges though prices are going to remain the same or increase even more.
WTF. Second
House in the neighborhood received 15 offers over the weekend. Top offer was accepted and fell through during negotiations. The other offers seem to have lost interest or something, because there are new people coming in to see the house now.
Similar to the house I wanted to check out. The sellers and buyers are not having a difficult time seeing eye-to-eye, especially with everyone else in the middle.
Is this a new trend? Longer closing cycles and contracts falling through?
The process is so painful, house buying /selling is for the really really serious folks. Moving once in 5 / 7 years is no longer a thing.
Did you see SMCI today?
The process is so painful…
To the point where you want to kill somebody!
SMCI 5 month return is -68%.
Very Cathiwoodesque
RentL0rd says:
August 28, 2024 at 12:29 pm
“The process is so painful, house buying /selling is for the really really serious folks.”
Can someone clarify; why is the process so much more painful than before? Is this an NJ-specific issue? Did the process only become more painful very recently, if so why? In what ways is the process more difficult?
Question out of morbid curiosity: what is a fair value of DJT when the dust settles?
Right now, stock is trending DJT’s goal: take the country back to 19.80’s, then 19.50’s then 18.00’s.
Small Con,
Real Estate brokerage has always been the land of the scummy nitwits. But it was understood that loyalty was given to the one that pays the commission, except if you were a renter, because everyone screws renters.
Since the Class Action lawsuit, it looks like the Dual Agreements that brokers are stealthy rolling out are basically the equivalent of the Pharmaceutical Benefit Managers that are middle men between health insurance companies and drug manufacturers.
In short they are using these Dual Agent agreements to essentially kill off any Fiduciary responsibility to anyone and wheel and deal as needed for their own benefit. If you look carefully they are trying to quietly set the new tone without making a fuss.
The reason is Technology like Zillow and others soon will make them utterly useless.
So you got to re-rig it into any paradigm before it become free. Think TicketMaster, you can go and buy in the box office or pay lots of fees to get it mailed/e-ticket. Is just a matter of hours before someone creates a Tinder equivalent of For Sale by Owner. Buyer swipes like/Seller swipes like and each gets others contact info to start process.
Now add this to the usual swamp of bs that is a real restate transaction where everyone is hiding and manipulating facts all the time just like your (OrangeTraitor boy).
Made exponentially worse by the amount of speculators in the real estate world presently because of low interest rates since 9/11 and all the continual bail-outs that makes residential real estate a sure thing, even if you screw up just hold on to the next bail out.
I would say, if you are going to buy and sell. For sale by owner is starting to look very good.
Getting some masonry work done for $2,600. Mason has to remove some bricks right below the roofline and put a piece of metal in the frame and attach the bricks to it since they’re leaning forward a little and will eventually fall off or get a huge gap. Also needs to take down the middle of our entrance arch, attach a piece of rebar to the header and then put the bricks back and attach them to the new rebar so the rebar carries the weight. Otherwise the column they attach to will collapse or at least shift so much it can’t get rebuilt. Plus he’s going to repoint the cracks and gaps in the mortar and recaulk around some of the windows. He said the bulk of the cost is redoing the arch. He has liability and workers comp insurance and a 5 star rating on Google. Been in business for over 20 years. He said the arch is a very common repair. Builders don’t bother putting rebar in the arch to secure the bricks in place since home warranties are 10 years or less and it takes longer then that for cracks to appear and the pillars to shift.
There are hot dog trucks with more revenue than DJT stock. Daily average usage is somewhere around 80,000 red hat wearing sycophants.
There are more users on Eddie’s NASCAR MySpace site.
>> To the point where you want to kill somebody!
Why limit to one?!
>> Can someone clarify; why is the process so much more painful than before?
It was always painful. I have bought and moved 4 houses… buying selling (and renting) was always painful. The more you know of the various little (and big) scams within a single transaction, the more repulsive it gets. That said, NJ has added a new category of agents since August – called “Dual Agency” – different from a traditional “dual agent”.
There also seems to be little thought to the “unrepresented” ( feels and sounds like “undocumented alien”). Apparently you need to use this terminology of “unrepresented” buyer and “dual agency” if you want to get your legalese right.
SMCI was always a fake hype machine. But the name got it to 10x. A year ago it dropped like 30% on earnings.
2600 sounds cheap for all that work
There are more users on Eddie’s NASCAR MySpace site.
Hey! No fair! We almost had a chat going on Google Plus!!
From
It’s more work than I was expecting but it does seem cheap for that amount of work. I was not expecting to have the arch over the front patio have to get rebuilt.
From should be grim. Autocorrect got me.
Surprised there has been no discussion of the 2004 “Mansion Tax” here. What a cash cow for NJ. Half the homes being sold must be getting hit with that tax now.
The new law is great for me. I am effectively retired and it should be incentive for me to never show a house again. Nobody knows how this is all going to shake out in practice. My personal opinion is that the biggest change is more documents to sign. Sellers will offer concessions to cover commission for buyer. In the end a big nothing.
In the latest issue of “Protect and Serve.”
A Massachusetts police detective has been charged for the strangling death of pregnant woman Sandra Birchmore.
Matthew Farwell, 38, is accused of killing the 23-year-old some time after she revealed she was pregnant with his child.
Police allege Farwell had a sexual relationship with Birchmore since she was 15 years old, and that he was motivated to kill her in order to prevent her from speaking out about the relationship.
Hey Joey, you were supposed to pay off the fireman:
Just recently, a fire was spotted at EV maker Rivian’s Normal, Illinois factory, and it was captured in a dramatic YouTube video.
Thanks to the swift response from the Normal Fire Department, the blaze was contained and extinguished by midnight Sunday. Fortunately, the fire was limited to the vehicles and did not spread to the plant itself, avoiding what could have been a much larger disaster.
Oasis
https://youtu.be/QmIdx0IlIw0?si=Ba6-cPxRLARjb1Lh
They’re trying to hurt me and take advantage of me.
Hehe.
https://youtu.be/957qw3wnZ_k?t=477
Queen of queens
https://youtu.be/fqCWF4S_mYA
This would have been a great episode of The Office
https://abcnews.go.com/US/office-retreat-awry-worker-allegedly-stranded-colorado-mountain/story?id=113207945
Consumers grappling with inflation-strained household budgets have been dining out less and turning to more affordable at-home meal options, boosting demand for the company’s products.
Packaged food makers including Campbell, Conagra Brands and General Mills have also been hiking product prices for more than a year to offset steep input costs.
Your unrealized gains will be taxed, so will your stock trades, tax brackets will be adjusted upward (believe me, they will) and the corporate tax jacked up which will eliminate a truck load of jobs. Then, when you start liquidating assets to live, that’ll be taxed, too. Here’s hoping that microwaveable macaroni and cheese doesn’t affect your health too badly. Geez, I hope that Ablation Reduction Act kicks in soon.
Wow. Dollar General down 25% today.
HMB
You don’t shop without money. So your choices are to forgo it, or steal it.
Either way doesn’t work for Dollar General.
People with money aren’t going there, your wife won’t be caught dead shopping at Dollar General, it’s beneath her.
Game over. Be patient.
Pot, meet Kettle. Hehe
Welcome to the circus otherwise known as American Election.
Where everyone is either bought and paid for to tell the Voting Dolts of America what they want to hear in order line their pockets with gold (Thanks Menendez for making that an actual truth.)
That, added Trump, was an indicator that his opponent was not being sincere in her new-found political positions.
‘She doesn’t believe in any of this stuff, which tells you, from a character standpoint, it’s terrible’ he said.
‘I mean, she’s so dishonest.’
Some beach entertainment as our summer season gradually comes to an end.
Enjoy
https://www.reddit.com/r/PublicFreakout/comments/1f41xtm/a_brawl_on_the_beach/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button
1) Who’s running the country right now?
2) Will Dana ask Cumella why she lied about the mental health of O’Biden?
3) Michigan and Wisconsin said they will not take Bobby Jr. off the ballot. I assume O’Biden can’t be removed either, right? I said, right?
4) How many “Harris for Trump” lawn signs will we see before November 5th?
I’ll explain point no. 4 to you democrats: Harris is now for fracking, drilling, a border wall, no tax on tips and no electric mandates.
I’ll tell you who isn’t running the Country……
Donnie Dumbass
How pathetic that Joe’s Rainbow Navy can’t protect Red Sea shipping, and that it’s the Houthi’s that have to give the OK to salvage the bleeding oil tanker and prevent an ecological disaster! Yet another ‘accomplishment’ for SlowJoe and the Dingbat — fully ceding the middle east to Iran and it’s proxies.
I also want to know why Cumella needs to prep for weeks to answer scripted questions while that pedo holds her hand. Shouldn’t that be a clue to the average muppet that she’s not too bright? Or, are her cheerleaders even dumber than she is? It’s over a month now and she hasn’t answered one question on the fly.
The only Pedo in the race is the child rapist and convicted rapist Trump.
Let’s be clear about that. Your support and mindless fabricated
accusations against Walz shows your lack of judgement and character.
Price will double once Trump kicks out the illegals.
Offspring of Maga as hell ain’t gonna do that kind of work
Hold my beer says:
August 28, 2024 at 1:48 pm
Getting some masonry work done for $2,600. Mason has to remove some bricks right below the roofline and put a piece of metal in the frame and attach the bricks to it since they’re leaning forward a little and will eventually fall off or get a huge gap. Also needs to take down the middle of our entrance arch, attach a piece of rebar to the header and then put the bricks back and attach them to the new rebar so the rebar carries the weight. Otherwise the column they attach to will collapse or at least shift so much it can’t get rebuilt. Plus he’s going to repoint the cracks and gaps in the mortar and recaulk around some of the windows. He said the bulk of the cost is redoing the arch. He has liability and workers comp insurance and a 5 star rating on Google. Been in business for over 20 years. He said the arch is a very common repair. Builders don’t bother putting rebar in the arch to secure the bricks in place since home warranties are 10 years or less and it takes longer then that for cracks to appear and the pillars to shift.
Gary’s kid can’t even give the correct changed as Donkin Donuts cashier and you want him doin masonry?
Spoke to our neighbor a couple of days ago and it looks like we‘ll finally be able to buy her house. The deal she had fell through when the buyers couldn’t come up with the money. She inherited it from her mother who died less than a year ago. The transfer should be done by the end of the calendar year. An old, fairly small house built in 1933 that was never modernized or significantly updated. The mother was a cheap skate. The house however meets our needs. I‘ll remove the fence dividing the properties and have a much bigger yard. I‘ll fix up the two bedrooms upstairs for guests. The main thing is no one else buys it and builds a big giant house right next to us.
Chad,
Nice move. Glad to read you landed the deal.
Fast Eddie,
I very happy as we were very worried about the house being leveled and some type of multi unit condo going up right next door. The yard next door is pretty big so there would be a lot of possibilities for a builder. The daughter has four months to finish emptying the house now but the majority of the stuff is gone already. Her biggest headache is an old heavy piano on the 2nd floor. Definitely something I don’t need.
POLITICS
Army says Arlington National Cemetery worker was ‘pushed aside’ by Trump aides
UPDATED AUGUST 29, 20246:20 PM ET
By
Stephen Fowler
,
Quil Lawrence
,
Tom Bowman
The U.S. Army said an employee at Arlington National Cemetery who tried to “ensure adherence” to rules that prohibit political activities at the cemetery “was abruptly pushed aside,” but that the employee decided not to press charges against the Trump campaign staffers who allegedly pushed her.
re: “prohibit political activities at the cemetery”
Only dead democrats get to vote.
Clip of Biden campaigning in 2020 on the dead soldiers from the Obama/Biden 8 years of war. Gratuitous Arlington Cemetery photo shoot included. Text 3030 to Joe Biden.
https://tinyurl.com/yc7nhxta
“How pathetic that Joe’s Rainbow Navy”
Damn. through those boys right under the keel.
threw.
I am thinking of making an cash offer for a house without a realtor. I am familiar with the real estate laws and will have an attorney, a title company and my own inspectors. I will construct my own documents with addenda from the boiler plate documents and run them by my attorney. A 2.5% commission can be reduced to a .5% hit for the lawyer and any incidentals. I intend to get a 2.5% concession on the price from the seller. What could go wrong? Thoughts?
re: ” What could go wrong…
Famous last words???
Good Luck Bobby London!
Juice, aren’t the things that DJT’s visit to Arlington involved: roughing up a woman officer there plus the airing of a private video of the cemetery on TikTok very different from using standard footage of the cemetery (with a disclaimer)?
It is like one respected the consent and another didn’t. You see no difference?
If you are in a competition, you may want to consider how your approach will be perceived. It’s not about you, it’s about the seller.
rob london says:
August 29, 2024 at 8:28 pm
I am thinking of making an cash offer for a house without a realtor. I am familiar with the real estate laws and will have an attorney, a title company and my own inspectors. I will construct my own documents with addenda from the boiler plate documents and run them by my attorney. A 2.5% commission can be reduced to a .5% hit for the lawyer and any incidentals. I intend to get a 2.5% concession on the price from the seller. What could go wrong? Thoughts?
Rob London:
We are also doing a cash purchase for our neighbor‘s house. The house was never listed by a realtor with our neighbor, so we also won’t be using a realtor but it will all go through a lawyer. But the difference is we know the family pretty well and also know the history of the house, which is the exact same design and original builder as our house.
I’m all good with less regulation, as long as it goes with murder charges for the defendants. Less regulation plus criminal, not civil charges.
You don’t wanna be regulated, well, depending on the state, life in prison or the death sentence.
Clean your equipment you nasty fuccs.
The Boar’s Head plant in southern Virginia at the epicenter of a deadly nationwide listeria outbreak was regularly cited for violations in the past year, including the presence of mold, mildew, insects and a “rancid smell,” according to reports by government inspectors.
The U.S. Department of Agriculture reports, reviewed by The Washington Post, show that inspectors notified managers at the plant of one or more “noncompliances” on 57 separate days between Aug. 1, 2023, and July 27, 2024. Among the issues cited were “dirty” machinery, flies in pickle containers, “heavy meat buildup” on walls, blood in puddles on the floor, and multiple instances of leaking pipes, clogged drains and heavy dust buildup in certain areas.
The USDA noncompliance citations were first reported by CBS News.
Deli meat produced at the Jarratt, Va., facility between May 10 and July 29 is now believed to be responsible for the deaths of nine people and the hospitalization of dozens of others.
SomeOne,
He has no respect for our military heroes. Rules don’t apply to him. His comments about McCain, his Presidential medal vs the Medal of Honor, this trip to Arlington- he is like a child with no boundaries.
So choose this dictator vs Vile Kamala.
Ain’t worth the gas to drive a mile to vote. Either way USS America is continuing to sink like the Titanic.
Don’t worry, the rich will get on their lifeboats, they aren’t going to drown.
On today’s episode of “Protect and serve”
An off-duty cop was arrested for urinating on a female fan and her designer cowgirl boots during a Kenny Chesney concert in Massachusetts.
Shane Lynch, an officer in Rhode Island, was enjoying the concert in the sandpit area at Gillette Stadium on Saturday night when he allegedly relieved himself around 9:15 pm.
The woman – who purchased the new boots specifically for the Chesney concert – was also standing in the sandpit area when she ‘felt something wet spray her leg,’ according to the arrest report.
She then looked down and was horrified to see Shane ‘urinating on her shoes’.
‘Did you just pee down my leg?’ the shocked victim asked Lynch.
Lynch Shane Lynch!
What is it with that last name? There was a kid in my neighborhood with the same last name battling anger issues at every turn. And then I had a high school teacher with the same name that was always short-tempered and a real dick head. Does this lineage carry an attitude? lol.
Phoenix and Fast
“Shane Lynch, an officer in Rhode Island, was enjoying the concert in the sandpit area at Gillette Stadium on Saturday night when he allegedly relieved himself around 9:15 pm.”
Maybe he identifies as a cat furry. It’s Massachusetts. That defense might work.
So the question is:
Do we trust someone with a badge and a gun when they can’t control themselves in a concert? Someone who can’t walk to a Porta John, but has to whip it out and pee into a woman’s boot? Was that his intent? Did he think because he was a cop she would like that, or that it is okay?
Will he just get a slap on the wrist, fired? Go work for another department after being let go?
Good luck Shane. Maybe Uvalde will hire you.
Brandon Miller, the high-profile New York real estate developer who took his own life last month, was in even more dire financial straits than was initially revealed at the time of his death.
Miller, 43, who flaunted a high-flying Hamptons lifestyle bankrolled by millions of dollars in secret debt along with his influencer wife, Candace, was nearly $34 million in the red, with just $8,000 in his bank account, TheRealDeal reports.
Pretty impressive runup of credit limits there
Living a fraudulent real estate lifestyle, a mini Trump
BRT says:
August 30, 2024 at 11:17 am
Brandon Miller, the high-profile New York real estate developer who took his own life last month, was in even more dire financial straits than was initially revealed at the time of his death.
Miller, 43, who flaunted a high-flying Hamptons lifestyle bankrolled by millions of dollars in secret debt along with his influencer wife, Candace, was nearly $34 million in the red, with just $8,000 in his bank account, TheRealDeal reports.
Pretty impressive runup of credit limits ther
How come them all Maga?
Phoenix says:
August 30, 2024 at 11:14 am
So the question is:
Do we trust someone with a badge and a gun when they can’t control themselves in a concert? Someone who can’t walk to a Porta John, but has to whip it out and pee into a woman’s boot? Was that his intent? Did he think because he was a cop she would like that, or that it is okay?
Will he just get a slap on the wrist, fired? Go work for another department after being let go?
Good luck Shane. Maybe Uvalde will hire
HMB, you give a new name to boot licking of cops! He uses his power and you blame some made-up “anti-woke” excuse?
How come them all Maga?
Because the people supporting them (boot-lickers) are deep down “anti-woke”.
Someone
Obviously you don’t understand sarcasm.
9:48 juice is a shill for maga’tards.
His comments have me employing ignore & skip .
So after a week hiatus, it appears nothing has changed here politically.
A few observations. It’s clear that Kamala will not be answering any questions nor will she be playing the race card. This is very smart and is exactly why she is doing so well. Heck, she is not even playing the woman card which is what sank HRC. Though, I still question her ability to lead America, especially after looking at her vague economic policies (really, the only policy explanations she has made at all), I have a feeling I bet on the wrong horse and will be ceremoniously paying off my bets in the not so different future. Though, it’s all going to come down to the debate, which is going to have crazy ratings due to Harris/Walz lack of access to the press, at least with anything worthy of reporting. I suppose no news is good news for Gary Gnu AND the DNC. On the bright side, I don’t mind spending $200 to see the Orange one in Orange.
In other news, reming me not to wear boots around any cops nor to ever call the cops when D is around.
Don’t know who will be next president.
But 100% certain Democrats win the popular vote. They always do.
3rd time Trump
losses the popular vote.
Just sayin’
Lots of Dem duds demonstrating their 21st century ‘masculinity’, which is to say they’re emotional, irrational and dumb. I know the leftist womyn that run your lives say that they appreciate your willingness to take a back seat and let them lead, but it’s really pathetic, and in reality they wish you’d act like men…
Libturd says:
August 30, 2024 at 2:29 pm
“I still question her ability to lead America…”
No you don’t. You know that she’s incompetent. You won’t admit it because you plan to vote for her and you know how stupid that makes you.
Very Stable Genius says:
August 30, 2024 at 2:35 pm
“Democrats win the popular vote.”
Only if popular vote = harvested ballots. In addition to destroying institutions like the FBI, BLS and USSC, Dems have destroyed the integrity of our elections; we may never again know who truly ‘won’.
LAX says:
August 30, 2024 at 1:38 pm
“employing ignore”
I think we can all agree that no one is more worthy of ignoring that you.
Chad Powers – Not that I’m keeping track but, aren’t you in Germany?
The Ludmilla interview (was it an interview) seated next to her emotional white rescue male dog sort of fizzled. According to leftist media, just showing up was spectacular. Cackles had to make sure she said she holds true to her values multiple times which is a dog whistle for the tampon toadies to inform them that she’s only preaching center policies to get elected. If she gets elected, it’s uber tax, uber regulation, speech guidance and far left agenda disguised in symbolic joy. Be joyful in the further transformation of Amerika ushered in by that defender of the collective utopia, whose name be Obammy. Gen Z loves the mommy state so they’ll be absolutely pliable after they revel in the joy. I think it should actually be spelled “joi” because that version has a newness to it that can replace the outdated parts of marx1sm. A new USSA should be the narrative, filled with “joi” for all!
2:52 did you say something?
Boomer Remover:
Yes, in Bavaria just outside of Nürnberg. A lot of houses here never come up in real estate listings. Like the situation with our neighbor‘s house. We told her that we were interested and she said she already had a family friend who wanted to buy it. Then a few weeks later she told us the deal fell through and she would sell it to us. Housing here has come down a bit in the last year but it’s still very expensive. There is also a housing shortage, likely made worse by the number of refugees they have let into the country since 2015. Also we aren’t getting a discount on the price, but we‘ll sleep better at night owning it. I have always liked real estate and renting it out. We currently own two houses in the US and two in Germany. I do have to say though that inflation, overhead and renovation costs are making it much more difficult to make money.
Walz is a piece of work. The explanation I can conjure to describe him is that he absolutely IS NOT someone who means what he says. He plays this outward game as a sensitive and empathetic leader, but you can sense the wheels turning in his head. He is a big con man. I don’t buy his garbage for a second.
I someone refer to him as a sitzpinkler.
SmallGovConservative says:
August 30, 2024 at 2:52 pm
Lots of Dem duds demonstrating their 21st century ‘masculinity’, which is to say they’re emotional, irrational and dumb. I know the leftist womyn that run your lives say that they appreciate your willingness to take a back seat and let them lead, but it’s really pathetic, and in reality they wish you’d act like men…
Harris was better than I expected in the CNN interview. We’ll see where this goes….. she is going to be able to battle, but I don’t know if she has the chin to take a big hit. She is certainly listening to all the negative critiques, and modifying her behavior, including prepping. It must be humbling to hear that the general public doesn’t really like you and it is necessary to adopt a different persona to win an election. Her ego needed it.
would love to hear everyone’s comments on this video
https://x.com/DefiantLs/status/1829622248514142570
7:00 Walz is what is known as midwestern friendly.
That facade goes about an inch of two deep and then once he’s
done with your antics you will meet the real guy. It’s fairly common.
He is a big con man. I don’t buy his garbage for a second.
Gee, ya think? He’s an epic liar and a sneak. The only reason he’s there is because no one else wanted to be tied to her disaster.
Damn, lady.
Disgusting new allegations made against female Wisconsin elementary school teacher, 24, accused of making out with boy aged 11
Disgusting new allegations made against female Wisconsin elementary school teacher…
She’s midwestern friendly.
8:55 wake up Gary you’re dreaming again.
silence is violence
“would love to hear everyone’s comments on this video”
Obviously fake and only gullible dupes would pass it on thinking it was real. You could scroll for 5 seconds and see the account is full blown maga propaganda. Theres a Laura Loomer repost within the past day for crissakes. And the only place this video is found are the most extreme racist accounts with a bunch racist comments about exterminating black people etc. Also people that land on these sorts of fake videos are inundated with right wing propaganda daily and dont realize it and probably consider themselves skeptical and high iq and everyone else is a sheep without a hint of self awareness that they are the true marks. Any further comments needed?
On today’s “Protect and Serve”, beach edition
A woman is fighting for her life tonight after being ran over by a Wildwood Police Truck on the beach. She’s listed in critical condition.