October sales … UP!

From CNBC:

Home sales surged in October, just before mortgage rates jumped

A sharp drop in mortgage rates brought homebuyers off the fence in October after a slow summer.

Sales of previously owned homes last month rose 3.4% from September to a seasonally adjusted, annualized rate of 3.96 million units, according to the National Association of Realtors. Sales were 2.9% higher than October of last year, marking the first annual increase in more than three years.

This count is based on signed contracts, meaning most of the deals were made in August and September. During that time, the average rate on the popular 30-year fixed mortgage was falling. It started August around 6.6% and dropped to a low of 6.11% by mid-September, according to Mortgage News Daily.

“The worst of the downturn in home sales could be over, with increasing inventory leading to more transactions,” said Lawrence Yun, NAR’s chief economist, in a release. “Additional job gains and continued economic growth appear assured, resulting in growing housing demand. However, for most first-time homebuyers, mortgage financing is critically important. While mortgage rates remain elevated, they are expected to stabilize.”

There were 1.37 million units for sale at the end of October, an increase of 19.1% from October 2023. That puts inventory at a 4.2-month supply at the current sales pace. It is still on the leaner side, as a six-month supply is considered balanced between buyer and seller.

Tight supply continues to put upward pressure on prices. The median price of an existing home sold in October was $407,200, an increase of 4% from the year before. By price category, the higher end of the market is seeing more activity than the lower end.

“We still need another 30% in inventory just to get us back to the pre-Covid conditions,” Yun said.

The share of all-cash buyers pulled back to 27%, down from 29% in October 2023. That is still high historically, but lower mortgage rates likely caused that share to drop.

First-time buyers made up 27% of sales, down from 28% the year before and still historically low. They usually make up 40% of sales.

This entry was posted in Economics, Housing Bubble, National Real Estate. Bookmark the permalink.

128 Responses to October sales … UP!

  1. Hold my beer says:

    First

  2. Hak Tua, Chief grabs 'em by the pussy says:

    Sceond

  3. Very Stable Genius says:

    we have tremendous challenges in public education.

    the wrestling lady heading dept of education is a massive problem.
    middle aged female teachers dating students.
    An epidemic of daily mass school shootings from domestic born young terrorists.

    yet ChiFi’s main beef is typical rightwinger complaining about illegals increasing the price of sodas in public schools.

  4. Chicago says:

    I hate those illegals. They increase the price of soda in public schools.

  5. BRT says:

    The DOE does zero for education. It’s a pure patronage pit fronting as an organization that has an actual function of your tax dollars.

  6. SmallGovConservative says:

    Very Stable Genius says:
    November 22, 2024 at 8:10 am
    “complaining about illegals increasing the price of sodas in public schools.”

    Nice to see that you’re finally referring to illegal immigrants as ‘illegals’, rather than ‘migrants’. I bet that Fat Alvin’s assistant DA who just got mugged by one of them, will start using the correct term as well. Of all of the disasters caused by SlowJoe and his team of imbeciles, his open border ‘policy’ is likely to be the most disastrous. Beat it, Joe — and don’t let the door hit you in the diaper on the way out!

  7. Phoenix says:

    Very Stable Genius says:
    November 22, 2024 at 8:10 am

    we have tremendous challenges in public education.

    Oh yeah we do. NJ is supposed to be one of the best in Amerikkka.
    Go ask any kid under 30 what Three Mile Island is.
    I’ve done my research, none, none at all has a clue. You would think some dumbazz history teacher would let the youth know about the worst nuclear disaster in America-how close it came to melting down, and how it would have affected the People’s republic of New Joisey.

    Guess local history isn’t taught here.

  8. Phoenix says:

    Chicago says:
    November 22, 2024 at 8:43 am

    I hate those illegals. They increase the price of soda in public schools.

    Find me one that looks like Camilla Cabello. I’ll help her get her citizenship.

  9. Phoenix says:

    The princesses in my profession. Cop gets the win on this for me.

    https://youtu.be/RfcW-ZKbkdU?t=772

  10. Fast Eddie says:

    While mortgage rates remain elevated, they are expected to stabilize.”

    This Yun guy is such a politician. How amusing. Donuts are round. My dog pees. Rates are expected to stabilize… what the fuck does that even mean? There’s still no inventory and prices are in the exosphere. Pay me.

  11. Phoenix says:

    Even better time stamp. Gonna love this one

    https://youtu.be/RfcW-ZKbkdU?t=870

  12. Phoenix says:

    And here is another drama queen from my profession. Is this what happens when you grow up privileged?

    https://youtu.be/hz6rIegwGLk?t=525

  13. TraitorJoe says:

    How is that Iowa poll looking? -3 still? The fake news lady who created it’s career is now over.

  14. Juice Box says:

    Three Mile Island –

    Lots of books written about the incident. However the meltdown has been attributed to a one very fat American who’s large belly caused the meltdown.

    For you see the emergency cooling pumps had infact activated, but a “block valve” was closed and the water was not flowing. In the control room the valve position lights for the block valve were covered by a yellow maintenance tag and the operator “Homer Simpson” did not see the maintence tag because his very fat belly was blocking the view.

    All true folks..

    Take a look inside reactor 1 control room here this is being restarted again since it was shut down 5 years ago… at the new “Microsoft” Crane Clean Energy Center (CCEC)

    Take a look at the pictures, this control room should be in a museum not running again.. 1960s design by General Electric.

    https://local21news.com/news/local/gallery/crane-clean-energy-center-three-mile-island-unit-1-constellation-energy-restart-plans-2028-goal-pennsylvania-middletown-nuclear-power-plant-microsoft-purchase-agreement-pjm-grid-october-2024?photo=1

  15. Phoenix says:

    Juice,

    Ask any 25 year old if they ever even heard of Three Mile Island.

    They think it’s a f’n resort. I’m telling you, I asked so many.

    It’s NOT taught to them. At all. Almost like it was some sort of taboo thing that is never to be spoken about.

    Too bad Gordon Lightfoot isn’t alive, maybe he could have written a song about it.

  16. Phoenix says:

    I guess the Chinese kids are good at hacking, and the American kids are good at drinking and being brats to the PoPo when caught drunk driving.

    And our government, while spying on us, just leaves the door to the vault open for the Chinese to walk on in and take what they want. Hehe:

    The Chinese government espionage campaign that has deeply penetrated more than a dozen U.S. telecommunications companies is the “worst telecom hack in our nation’s history — by far,” a senior U.S. senator told The Washington Post in an interview this week.

    The hackers, part of a group dubbed Salt Typhoon, have been able to listen in on audio calls in real time and have in some cases moved from one telecom network to another, exploiting relationships of “trust,” said Sen. Mark R. Warner (D-Virginia), chairman of the Senate Intelligence Committee and a former telecom venture capitalist. Warner added that intruders are still in the networks.

    Though fewer than 150 victims have been identified and notified by the FBI — most of them in the D.C. region, the records of people those individuals have called or sent text messages to run into the “millions,” he said, “and that number could go up dramatically.”

    Those records could provide further information to help the Chinese identify other people whose devices they want to target, he said. “My hair’s on fire,” Warner said.

    Those details, some previously undisclosed, add to the alarming understanding of the scope of the hack since late September, when the U.S. government, after being alerted by industry, began to grasp its seriousness. “The American people need to know” how serious the intrusion is, Warner said.

    The hackers targeted the phones of Donald Trump and his running mate, Sen. JD Vance of Ohio, as well as people working for the campaign of Vice President Kamala Harris and State Department officials.

    The effort was not directly election-related, Warner noted, as the hackers got into the telecom systems months earlier — in some cases more than a year ago.

    The networks are still compromised, and booting the hackers out could involve physically replacing “literally thousands and thousands and thousands of pieces of equipment across the country,” specifically outdated routers and switches, Warner said.

    “This is an ongoing effort by China to infiltrate telecom systems around the world, to exfiltrate huge amounts of data,” he said.

    The Salt Typhoon telecom breach makes Colonial Pipeline and SolarWinds — major cyberattacks linked, respectively, to Russian-speaking criminals and to the Russian government — “look like child’s play,” Warner said.

  17. Fast Eddie says:

    Too bad Gordon Lightfoot isn’t alive, maybe he could have written a song about it.

    “Does anyone know where the love of God goes when the waves turn the minutes to hours.”

  18. Phoenix says:

    Great line, right Eddie?

  19. Fast Eddie says:

    Great song… incredible song writer. He told stories with intense passion. Bob Dylan said when listening to him, he never wanted the songs to end.

    We related to people like Dylan, Lightfoot, Neil Young, Joni Mitchell, Cat Stevens, etc.

    This generation has Taylor Swift. Ugh!! The agony!

  20. 1987 Condo says:

    Gordon Lightfoot…….read about Cathy Smith who messed with the Band and they wrote “The Weight” about her, then she messed with Lightfoot, and he wrote “Sundown” about her, and then she killed John Belushi….

  21. Fast Eddie says:

    Cathy Smith… some baggage there, no? ;) Well, she’s dead now but… ha!

  22. RentL0rd says:

    8:44 >> The DOE does zero for education. It’s a pure patronage pit fronting as an organization that has an actual function of your tax dollars

    You couldn’t be more wrong.

    Education cannot be run like a business. The grants given to higher ed constitute about 14% of income for state colleges like our own Rutgers.

    And she is not even a college grad!

    There is currently a multi-faceted war against education by the new bozos in town.

  23. 3b says:

    Rent: I would argue there has been a war on education long before the new bozos in town.

  24. Fast Eddie says:

    If the kids can’t read, write or do math, who should we blame?

  25. Hak Tua, Chief grabs 'em by the pussy says:

    ‘There is currently a multi-faceted war against education by the new bozos in town.”

    Correct and correct.

    The old school Dems used to have educators in their pockets for their union endorsement and votes. But as always, too many mandates from too many patronage appointees and they lost them both.

    Old school Republicans wanted vouchers over public school funding so they could pay for the rich kids prep schooling.

    MAGA wants to defund education so everyone will stay as dumb as they are so they can stay in power.

  26. Juice Box says:

    re ” state colleges like our own Rutgers”

    A real model of efficiency for sure.

  27. RentL0rd says:

    >> If the kids can’t read, write or do math, who should we blame?

    Definitely not banning books or stopping evolution or critical race theory

  28. Kristi Noem says:

    Well, once you’ve been read to by a drag queen, you never want to read again in fear of being converted into one.

  29. Libturd says:

    Forget the DOW. How about my SOFI!

  30. EnvyTheGreenMonster IsRunningAmok says:

    And you know why there is a war on education…..

    -Take the well known keep the population dumb and away from critical thinking skills that was always in the right wing and religious crowd, best seen in MS, AL, LS. OK and alikes.

    -Add the point of view brought forward by Peter Turchin in his book – End Times. Which means if you look at the advisory crowd around OrangeTurd, all are frustrated elites aspirants. I’m copying and pasting this book blurb below.

    Back in 2010, when Nature magazine asked leading scientists to provide a ten-year forecast, Turchin used his models to predict that America was in a spiral of social disintegration that would lead to a breakdown in the political order circa 2020. The years since have proved his prediction more and more accurate, and End Times reveals why.

    The lessons of world history are clear, Turchin When the equilibrium between ruling elites and the majority tips too far in favor of elites, political instability is all but inevitable. As income inequality surges and prosperity flows disproportionately into the hands of the elites, the common people suffer, and society-wide efforts to become an elite grow ever more frenzied. He calls this process the wealth pump; it’s a world of the damned and the saved. And since the number of such positions remains relatively fixed, the overproduction of elites inevitably leads to frustrated elite aspirants, who harness popular resentment to turn against the established order. Turchin’s models show that when this state has been reached, societies become locked in a death spiral it’s very hard to exit.

    In America, the wealth pump has been operating full blast for two generations. As cliodynamics shows us, our current cycle of elite overproduction and popular immiseration is far along the path to violent political rupture. That is only one possible end time, and the choice is up to us, but the hour grows late.

  31. Chicago says:

    Who has their Bitcoin 100K hat?

  32. Chicago says:

    The soda is too damned high.

    https://m.youtube.com/watch?v=KAUmJa6duBk&pp=ygUUZGVwZWNoZSBtb2RlIHN1bmRvd24%3D
    1987 Condo says:
    November 22, 2024 at 10:20 am
    Gordon Lightfoot…….read about Cathy Smith who messed with the Band and they wrote “The Weight” about her, then she messed with Lightfoot, and he wrote “Sundown” about her, and then she killed John Belushi….

  33. Juice Box says:

    Yeah we need those too. $1.25 billion per missile battery and $12.6 million per missile fired.

    Another Day another escalation.

    https://www.newsweek.com/russia-ukraine-tgaad-1989489

  34. Fast Eddie says:

    Daniel Jones has been released.

  35. OC1 says:

    Oh he’s a football player.

    I googled him, thinking he was a murderer or a Jan 6 guy.

  36. SmallGovConservative says:

    OC1 says:
    November 22, 2024 at 1:16 pm
    “Oh he’s a football player.”

    How un-surprising that a Dem stooge doesn’t know the Giants QB, or likely anything about football — although I’m sure he cheered for Colin Kaepernick and the other ‘kneelers’. Embarrassing!

    While on the topic of pro sports, appears there are going to be a lot more Trump-dancers and a lot fewer kneelers now that pro athletes are being targeted by South American gangs that Joe and the Dems welcomed into the country. You truly need to be a stooge to support the modern Dem party.

  37. BRT says:

    I’ve been documenting the decline in education on this board for nearly 2 decades in real time. I did it when I taught at Rutgers and I’ve done while I taught at high school….and I’ve even done it watching my kids go through the school system.

    While you guys argue about Evolution/Religion/and obscene graphic inappropriate things….the collective population is failing in Reading/Writing/Math. Focus on the basics…it’s that friggin simple. You can talk to 100 percent of the kids in my AP Physics C class and ask them how they got so friggin good at math because I know the school system isn’t designed for it. Most common answer “My parents worked with me”.

  38. EX says:

    1:16 Spoken like a true bench warmer.

  39. EX says:

    1:38 is the Bench Warmer….btw

  40. Fast Eddie says:

    Oh he’s a football player.

    I went on an interview years ago during the time when Dan Marino and Emmit Smith were in their prime playing days. I gave an example of two athletes who gave full effort and worked as part of team. It was in relation to a question about team work. The manager paused and said he didn’t know who they were. I ended the interview and thanked the Director for meeting with me. That told me: a) why the position was open and b) why people probably don’t want to work with this guy.

    That’s no offense to anyone; to each, their own but in any relationship, work or otherwise, a certain meeting of the minds must be met.

  41. EX says:

    Pete Hegseth, Donald Trump’s pick for defense secretary, has written in a book that he could imagine a scenario in which the US armed forces would be used violently in American domestic politics.

    Hegseth, a former elite soldier turned rightwing Fox television personality, is Trump’s choice to lead the Pentagon which controls the gigantic American military – by far the largest armed force in the world.

    In one of his five published books he wrote that in the event of a Democratic election victory in the US there would be a “national divorce” in which “The military and police … will be forced to make a choice” and “Yes, there will be some form of civil war.”

    Hegseth’s 2020 book exhorts conservatives to undertake “an AMERICAN CRUSADE”, to “mock, humiliate, intimidate, and crush our leftist opponents”, to “attack first” in response to a left he identifies with “sedition”, and he writes that the book “lays out the strategy we must employ in order to defeat America’s internal enemies”.

  42. EX says:

    You guys voted for it. I wouldn’t want California to decide to jump ship and go it alone though. We make most of the munitions and have the technology and money to make life very difficult for overzealous red army fighters. I’m glad Newsome is our guy. He’s smart and is a fighter. He understands the wheels of government and will be a nice fire wall against the nonsense that the right thinks is in store.

  43. OC1 says:

    How un-surprising that a Dem stooge doesn’t know the Giants QB, or likely anything about football

    I couldn’t even tell you who won the world series this year!

    Some people are watchers; others are doers.

    Get yer fat ass off the couch and do something.

  44. Fast Eddie says:

    Get yer fat ass off the couch and do something.

    I’m up to 320 lbs, any suggestions on exercises?

  45. SmallGovConservative says:

    EX says:
    November 22, 2024 at 1:53 pm
    “I’m glad Newsome is our guy”

    You’re also glad that SlowJoe, Tampon Tim, Pencil Neck Schiff, Carmella Harris and Shrillary Clinton are your ‘guys’. You’re also a dud that takes a back seat to his pants-wearing wife.

    Great post by BRT at 1:44pm. I’d be happy to provide a letter of recommendation if you want to volunteer for the Department of Govt Efficiency.

  46. EX says:

    2:05 I’ll say it again….You guys won, it’s yours now. See how it goes. All of those folks you seem obsessed with are afterthoughts. The economy and the Country are now under Conservative governance. Let’s how that goes. I’m not rooting for failure, but I am not optimistic about the future of the place. I think the GOP wallows in incompetence.

  47. EX says:

    2:05 I love how you know nothing about me, but somehow thinks that having a drop dead gorgeous wife that makes “bank” is an insult. Yeah, she’s amazing. I love her dearly.

  48. EX says:

    OC1 I noticed my entire life that the least athletic among us were the most voracious sports fans. Those who can’t do “watch”.

  49. EX says:

    I’ll frame this nonsense further, I grew up in the mid-west and mid-south. I fought my way through school by using my fists. Bullied for being Jewish, but instead of teaching me math, my dad taught me how to fight. I’ve pummeled a few “nazis” in my time. Now I probably am a bit too old for that nonsense, but I do not put up with nonsense from freaks like the “bold folks” on the internet. I’m large enough and mean enough to not be approached in public by folks who wish me ill will. I am very familiar with the “classic America” that Gary pines for here. It’s a violent place.

  50. OC1 says:

    I’m up to 320 lbs, any suggestions on exercises?

    Seriously?

  51. Juice Box says:

    Ex: re: “We make most of the munitions”

    Put down the bong already….

    Lockheed Martin makes their missiles in Florida and Alabama.

    Boeings guided bombs are made in Missouri..

    General Dynamics Abrams tanks (Ohio), Stryker vehicles (Ohio, Alabama) Virginia-class attack submarines (Groton, Connecticut)
    Lets not forget the staple of the current war 155 mm shells (Scranton PA)

    Raytheon – Bombs, Bombs and more bombs….. Texas, Arkansas and Alabama.

    I cannot find any major government supplier of munitions or tanks or heavy weapons based in California.

  52. EX says:

    We make the guidance systems numb nuts.

  53. EX says:

    Yes, California is involved in missile defense systems in several ways, including:
    Ground-based Midcourse Defense (GMD)
    The GMD system uses interceptors launched from Vandenberg Air Force Base in California to intercept nuclear-armed ICBMs. Boeing is the prime contractor for the GMD system, with Northrop Grumman and Raytheon as key subcontractors.
    California Army National Guard
    The 100th Missile Defense Brigade’s Detachment 1 operates the launch facilities and equipment at Vandenberg Space Force Base. Their mission is to intercept and destroy incoming ordnance.
    Space and Missile Systems Center
    This U.S. Space Force center is located at Los Angeles Air Force Base and is responsible for developing, acquiring, and maintaining military space systems.
    Other missile defense systems include:
    THAAD: This system has a higher testing success rate than the GMD.
    Aegis: This system is deployed on U.S. Navy ships.
    SeaRAM: This ship defense system defends against cruise missiles, drones, and helicopters

  54. Juice Box says:

    re:” guidance systems?”

    Try again… Panama Red…

    That would be BAE, Elbit Systems, Raytheon…

    Nothing in California except for a small presence in the ShipYard in San Diego for BAE Systems.

    https://www.baesystems.com/en-us/our-company/inc-businesses/platforms-and-services/locations/north-america

    Elbit Systems – Another BIG NOPE!

    Fort Worth, Texas
    Merrimack, New Hampshire
    Charleston, South Carolina
    Talladega, Alabama
    Roanoke, Virginia
    Fairfax, Virginia
    Boca Raton, Florida
    DeLeon Springs, Florida

    How about good old Raytheon aka RTX ? You know good old air, sea, and land-launched missiles, aircraft radar systems, weapons sights and targeting systems, communication and battle-management systems, and satellite components?

    Don’t see any in CA…. https://www.rtx.com/locations

    RTX also owns Collins aerospace. What do they make in California? No weapons or guidance they do make however avionics for commercial aircraft in Chula Vista, CA…

  55. Juice Box says:

    No boom booms are made in California….Sure they test missiles, but the plants where the boom booms are made are in mostly red states….

  56. RentL0rd says:

    SmallGov, A serious question- did you finish college?

  57. chicagofinance says:

    Practice injecting GLP-1’s…..

    Fast Eddie says:
    November 22, 2024 at 2:02 pm
    Get yer fat ass off the couch and do something.

    I’m up to 320 lbs, any suggestions on exercises?

  58. White Trash Eddie says:

    Looks like those red states nobody wants to move to makes some things.

  59. White Trash Eddie says:

    DOW closes at record high.

    Thank you, President Trump!

  60. White Trash Eddie says:

    Practice injecting GLP-1’s…..

    I’ll need to rent one of those mobility scooters for the get-together.

  61. RentL0rd says:

    BRT, you must have been an awful teacher if your school kids knew so much more than you that you had to ask them how they got so good.

    And posting on this board doesn’t make it “documenting”. Did you publish a paper about it with real data? Otherwise your 2 cents are worthless.

    I say that because I know teachers who actually worked to make a difference to their kids and have real documentation.

  62. RentL0rd says:

    12:05 – Use your brain and tell me how the teacher’s gender affects how a kid learns? All your comment shows is how stupid you by spitting casual sexism

  63. OC1 says:

    320 lbs is literally 2 of me.

    Is Eddie 11 ft tall? ;)

    But seriously Eddie if you want to start exercising find something that you enjoy doing, and do it.

    Even if it’s not the number #1 way to burn calories- any exercise that you enjoy and will actually do is much better than any exercise that you hate (and won’t do as much).

    Walking, hiking, maybe kayaking?

  64. 3b says:

    Rent: Why the gratuitous insults./nastiness to BRT? Is your two cents on any topic worth more than his?

  65. 3b says:

    Lib: So its just wealthy Republicans that want school vouchers for their kids? Is there any possibility that there are good hardworking low income/poor people trapped in urban areas that want to get a good education for their children?

    I know people including family members who are/were teachers in NYC. They will tell you the urban education system is not working. I guess it is just convenient to blame wealthy Republicans, for wanting vouchers so their off spring can go to prep school.

  66. EX says:

    If you to attend a private school, fine. But the government has no obligation to pay for it.

  67. RentL0rd says:

    Letting off some steam 3b

    Education is getting fucked and we are going in the wrong direction. Blaming it on parents is the easy way out.

  68. 3b says:

    Ex: Agreed. But, should the parents who don’t utilize the public school system be forced to pay for it?

  69. 3b says:

    Rent: There are many parents who don’t give a flying fart about their children’s education, including those in nice suburban towns.

  70. RentL0rd says:

    3b, since I work from home should I pay for the roads?

  71. Hold my beer says:

    Eddie

    What kind of Chex mix pairs well with sanctuary city protests?

    Or should I go for gourmet popcorn with grass fed butter and white truffle salt?

    https://nypost.com/2024/11/22/us-news/denver-mayor-threatens-to-deploy-cops-50k-residents-in-tiananmen-square-moment-to-stop-trumps-mass-deportations/

  72. Fast Eddie says:

    Beer,

    Chex Mix or popcorn will work, just make sure you’re in camo and well-hidden. As for the illegals, if I was the incoming president, I’d ship every one of them to Denver and tell them they’re safe there. Stay in Denver and no deportation. Step out of Denver, you’re gone. Denver’s population is 715,000; I say we make it the biggest city in the U.S. within a month.

  73. Fabius Maximus says:

    Most common answer “My parents worked with me”.

    There is so much more to this and I think it comes down to natural ability, environment and quality of instruction. I think the path of a kid to to your AP-C class is determined in middle school. If they are not coming out of 8th grade with Algebra 1 they are not going to get the calculus background for them to succeed in AP-C.
    In a lot of cases we have normalized that it’s ok to be bad at math. Its also ok to get to algebra and stop. Parents can install number sense in kids at a young age and I think its those building blocks that get kids ahead. But there is a level where the majority of parents tap out. For most that is way before calculus. There are also basic skills in science that are assumed can be self taught. How to graph, how to read a table.

    Then we have the math level of the teachers. Many Elementary teachers (and non science/math stream) struggle to pass the math component of their Ed degree. We have a family friend who teaches elementary, came out with the following “Not only do I have to teach math, they expect me to understand it.”. You are teaching Math at a level that many science teachers would struggle to teach.

    There is also a racial aspect to this. If you are in an run down urban district, you are not getting that level of instruction in the class to get you to the math level required, heading into high school. You are missing those building blocks if you parents are not that well educated themselves.

  74. Fast Eddie says:

    Is Eddie 11 ft tall? ;)

    Yes. And I consume the English with fireballs from my eyes and bolts of lightning from my arse.

  75. 3b says:

    Rent: Yes, you should. You use the roads to travel, shop, visit family, vacation etc. As for the public schools, people who don’t use them could pay some base amount to pay for school maintenance etc, since it’s part of the town infrastructure.

  76. BRT says:

    The thing you missed is that this path is only followed by kids who’s parents work with them to give them that advantage…because the nature of all these math curriculums that they use cut that path off through their ineffectiveness.

  77. Fabius Maximus says:

    BRT, my point is that many parents are not in the position to give them the advantage. My parents contribution to my math prowess is where they placed me. No help with homework, no tutors and I tapped out after Differential Equations in College.

    As I recall you are outside the direct public system so the parents that placed kids in your school did it on the kids ability or cash.

  78. RentL0rd says:

    My kid is a physics and math major in college, pursuing quantum physics. He had a lot of AP credits. I never saw his homework in all th years and never sat with him.

    But he had great public school teachers who he is indebted to.

    Similar story for my other kids.

  79. BRT says:

    what can I say, you and your kid are the exception, not the rule.

  80. BRT says:

    I teach public school Fab

  81. Trump says:

    ( )( )=======D – – – – – ( . )( . )

  82. Chicago says:

    The soda is to damned high

  83. Fabius Maximus says:

    BRT, I thought you were in the academies or or specialized school that you test into.
    If its a regular district, my mistake.

    Driving my kid into the city for an interview.

  84. Phoenix says:

    Chicago says:
    November 23, 2024 at 8:23 am
    The soda is to damned high in sugar content.

  85. Fast Eddie says:

    BREAKING:

    After a recount, Iowa has just turned in favor of Kumella!

    Oh wait…

  86. RentL0rd says:

    This may sound cliched but every kid can be exceptional in their way. It is the policies (and funding) that can make a huge difference in the future generation.

    This govt will do everything in its power to set us backwards from the rest of the world

  87. EX says:

    Education is local. It’s standards are statewide sure,
    But it’s a local effort in nearly every situation. If you raise
    your kids in a place where all of their friends are imbeciles,
    do not be surprised if they turn out to be clueless academically.
    The schools do not control what goes on at home, whether or not there are books or quality TV shows or documentaries on in the house. Schools don’t control whether or not mom smokes crack or dad is abusive. Quality home life often equals a ready & successful student. A teacher can influence and provide some of the tools needed in schools but stupid parents often yield dumb kids.

  88. EX says:

    Couple what I said about with pandemic learning loss that puts kids in testable subjects 4 years behind where they should be, torpedoed their maturity in some cases and toss in entitlement that says parents are always right and kids can do no wrong and you get a recipe for the current exodus of teachers from the profession under what appear to be often hopeless conditions.

    Through all of this there will be students who thrive – I’d credit even the best schools with maybe half of the credit for that. Parents get the other half of more for having and nurturing a successful kid.

  89. Phoenix says:

    EX says:
    November 23, 2024 at 12:20 pm
    Education is local. It’s standards are statewide sure,
    But it’s a local effort in nearly every situation. If you raise
    your kids in a place where all of their friends are poor
    do not be surprised if they turn out to be clueless academically

  90. Phoenix says:

    Teachers aren’t altruistic.

    They are capitalistic.

    Some are opportunistic as well. To hook up with your kids that is.

  91. EX says:

    Phoenix take your junior college educated ass somewhere else with that shit.
    You useless cunt. Every accusation you make here allows the rest of us to see your own pathology. You couldn’t get a teaching job.

  92. Phoenix says:

    Hey Ex,
    Your body, my choice. Hehe.

    Enjoy the next 4 years.

  93. EX says:

    Education is an amazing place to be creative and to offer massive amounts of insight and technique (creating art) to a cross section of students. This is where multiple intelligences and various modes of thinking and integration take hold. This is where the magic happens. Altruism? It’s a job. But I made $43k my first year as a teacher. That was down from $100k (plus stock) … walked away from that because I could and because at least one parent needed to be around when the other had a heavy corporate travel schedule.

  94. Phoenix says:

    MARLBORO, NJ — Parents of a Marlboro Memorial Middle School student say the girl’s teacher sexually assaulted her in a hallway at school in an incident caught on video, and accused school district officials of not alerting them or authorities immediately.

    The accusations came during the public portion of the Marlboro Township Board of Education meeting on Tuesday night.

    “My daughter was sexually abused in that hallway on camera,” the mother said, referring to the March 13 incident. The incident was witnessed by another teacher, the mother said, but it was not reported to the family until after school.

    The parents allege the teacher groped and fondled the girl’s breasts during the incident in the hallway. Afterward, the girl “went back to class for three hours and was tortured more,” the mother said.

  95. Phoenix says:

    “This is where the magic happens.”

    Hehe.

  96. EX says:

    After that reduction in wages my spouse more than covered the difference and I ended up taking my own kid with me to the school where I taught. That lasted four years that remain such a fond memory.

    As for me I have been insanely fortunate to have raised an amazing kid in a house filled with love. Her mom as I have said is gorgeous and brilliant and beat the odds as a latchkey kid with non-college educated parents. They were hands off enough to let her thrive I suppose and both had native intelligence.

    What I think I find very impressive is how a really good school will manage its classes and “get out of the way” and allow students to thrive. It’s a delicate balancing act, but having worked in amazing schools AND complete hell-holes, the single most important factor is who shows up in the classroom.

  97. EX says:

    Reminder though that schools can produce brilliant results but the larger economy needs to be in a position to absorb these people into the workforce.

    That’s a factor schools do not control. No, not everyone should become a tradesperson.

  98. EX says:

    Well, that’s about all I have for you today.
    Phoenix will continue to post Daily Mail articles that
    reinforce Phoenix’s own bleak view of life. Phoenix’s own
    failures pale in comparison to the monsters roaming among us.

  99. BRT says:

    Nope, public school, in a very affluent district. But even so…our school has been ranked #1 before multiple times. Doesn’t really matter. My Physics C class is about 25 kids, and most of them wouldn’t have a pathway there if it wasn’t for

    A. Parents
    B. Tutors
    C. Far Superior Genetics

    If our elementary/middle school math programs were more challenging and adequate, could be more in the class. I have no doubt that my son/daughter will both be in these classes in the coming years. But the reality is, my wife and I had to put in a ton of work to make sure it happens. And in terms of natural ability, we are already pretty sure they will be in the top 5 of their graduating classes.

  100. Phoenix says:

    And yet some influencer with a cute face, nice rack, and long legs will make more money.

    With a much lower IQ and GPA. Cause that is how America rocks

    Just look at the people in government. in America. Hehe

  101. RentL0rd says:

    BRT, all of what you say is true. However, grants and opening up opportunity at the school/ college level matters. Along with funding for libraries, for athletics, for clubs. Everything matters so the kids come out rounded. Sure, academically YOUR kids could shine, but some other parent(s) could push their kid into Soccer, or the Debate club, or the Arts.. .which opens doors for opportunities down the road.

    The responsibility of policy makers is to open doors. The rest will fall in place.

    If we take that away, it doesn’t matter how competitive the parents are or how smart the kids – they will not be able to compete in today’s global economy. There’s no reason a kid in America cannot do far better than a Chinese or Indian raised kid.

    and Phoenix.. Influencers are like successful hollywood actors. Some of them make a buck. A majority of them struggle and if lucky won’t commit suicide.

  102. BRT says:

    Rent,

    here’s some food for thought. When I was at Rutgers, I was tasked with doing paperwork for the EOF fund at Rutgers. This was a program that opened opportunities for kids from poor districts, especially New Brunswick given the proximity. We would take all these kids, give them a full ride to College of Engineering, Pharmacy, and Rutgers College. They would throw them straight into these programs. Meanwhile, they came from 12 years of substandard education. A lot of these kids were pretty bright but just missed too much in the years leading in for them to succeed in Gen Chem/Physics/Gen Bio. The failure rate when I calculated it was over 80% and the 20% making it through were doing so with C minuses. The school system prior to college failed them miserably. The reality is, if you let some of those kids go to another nearby district, East Brunswick/South Brunswick, the out come would have been a lot better. As far as the stats go, I was told that if they drop out, we eliminate them from the program stats. Viola, 100% success rate on current students! The grant was renewed every year based on lies.

    Fast forward to today, we have downgraded a lot of our educational standards at K through 12. We are getting kids learning less in college as a result…and that’s not going to translate well into society. The top 5% escape this death trap through parental supplement, kumon, tutoring, etc…. It shouldn’t be this way. The school should be pushing kids more. Instead, I’ve seen many places propose eliminating the option of 7th/8th grade algebra. Eliminating Calculus in high school. And this isn’t a funding issue. Especially in NJ. We toss all kinds of money at the problem with bad programs/methods.

  103. Fast Eddie says:

    It’s a beautiful, brisk, Sunday morning here in the People’s S0cialist Commune of the State of New Jersey. I hope everyone has a great day as they prepare for the mad rush of the holiday week.

  104. Libturd says:

    BRT,

    I remember EOF fondly. I would give an EOF student $50 cash and they would buy me my books at the bookstore with their $500/semester voucher. I’m surprised the failure rate was 80%. At Montclair State, it had to have been much higher. All of these EOF kids (I roomed with two of them in a triple) treated college like a sleep away camp. After a couple weeks, they stopped going to class.

    There was another program called Upward Bound where nearly everyone made it. But these kids were the cream of the crop from their schools. Even so, they would take remedial courses for multiple Summers on campus to catch up.

    The issues with these vouchers is that they take money away from already failing public schools. We need to figure out how to get these public schools to improve. It worsen them. I’m guessing the problem is corruption and unsupportive parenting.

  105. TheParallaxCynicalView says:

    Both RentLord/BRT make great points with the highlights of their post below. But their viewpoint is only relative to the societal ideas that came along starting with the New Deal, pushed along the post WW2 cold war environment and peaked with the 20’s after the Great Society programs. At heart it was to give the best we can offer to each american citizen and it came from societal altruism, but also fear of losing to communism.

    First point. In a previous post I mentioned a book by Peter Turchin – End Times. His point was that too many critically thinking trained people which by their training and earning power become a socially and economically elite class member destabilized society because there only so many elite high paying positions. They have to fight harder for positions and at a certain point become embittered and fight the system. Here you could say that Steve Bannon and many in the MAGA infrastructure ring are people that would not be taken seriously in the power structure so they rebelled and made their own path into power. Another perfect example here would be Cuba in the post WW2. It had a gigantic surplus of university trained people that could not get proper employment, they started protesting. The power structure refused and Batista did his second coup ~1952 and started repressive tactics. Castro was a lawyer and was having none of that after he experienced the USA.

    Finally. With the above realities in view, if you are in power you actually want to dumb down people. Educated, intellectual, critical thinking people tend to be liberal. Uneducated concrete thinking types are conservatives by nature. Just look at education between MS & OK and NJ & MA.

    If the future is going to be some repressive authoritarian techno feudal hierarchical society you want people that are easy to manipulate with reactionary tactics and easier to mow down in a Tianemen Square type situation. Because any political, economical, social elite position will be kept within the close incestous sorrounding of the techno-feudal aristocracy. Because is no longer the best we can offer to each american citizen, is now how can we best bleed for our benefit each american citizen.

    From RentLord —However, grants and opening up opportunity at the school/ college level matters. Along with funding for libraries, for athletics, for clubs. Everything matters so the kids come out rounded. Sure, academically YOUR kids could shine, but some other parent(s) could push their kid into Soccer, or the Debate club, or the Arts.. .which opens doors for opportunities down the road. The responsibility of policy makers is to open doors. The rest will fall in place.

    From BRT — Fast forward to today, we have downgraded a lot of our educational standards at K through 12. We are getting kids learning less in college as a result…and that’s not going to translate well into society. The top 5% escape this death trap through parental supplement, kumon, tutoring, etc…. It shouldn’t be this way. The school should be pushing kids more. Instead, I’ve seen many places propose eliminating the option of 7th/8th grade algebra. Eliminating Calculus in high school.

  106. Libturd says:

    So why do we need vouchers?

  107. Juice Box says:

    New home sale record in our hood… $1.3 million…. $200,000 over the last record….

  108. TheParallaxCynicalView says:

    Libturd,

    The progessive wave of education post New Deal was to create the best american citizen possible by providing the best schools possible.

    The reactionary (let’s call it southern in the USA) educational way is to have the crappiest public schools possible, that is where the hatred of US Dept of Education comes from as it requires better than what they want to do.

    The idea is than you self segregate by social and economic groups in private schools.
    Vouchers are a way to take funds away from public and subsidize privates. It goes with the ideology of state corporatism. You use public money to funnel into private corporations, which then give political donations to the party giving the contracts out.

    You are going to see big time soon with Medicare, Medicaid and ACA Health plans. They are not going away. The insurance companies are making too much money. Example CVS Aetna, they are making more money from Medicare Advantage, Medicaid HMOs and ACA/SEP plans than they are from commercial insurance plans.

    What you are going to see in Medicare is everyone gated into Advantage type plans. Payments to providers are a black box of negotiated pay structure, while Medicare payment schedule to providers and insurance companies are public. Medicare Advantage plans are heavily promoted to confuse the elderly with cheap goodies, once they are in the hospital for a month is when they get nailed to the wall because of the fine print, stuff like $500 a hospital day co-pay for first 30 days ($15k).

    Frankly, with education the future is the link. You get education, psychotherapy for your problems, and indoctrination from the Techno Feudalist – all in one by your best AI.

    https://youtu.be/KvMxLpce3Xw?si=8zZYif7aYZnic_h6

  109. TheParallaxCynicalView says:

    BTW,

    Neil DeGrasse Tyson nailed Musk angle with Space X. Classic corporate state hook.

    https://youtu.be/WMzgXHhKarY?si=uN50F2mCO5zBVcRo&t=584

  110. BRT says:

    We need to figure out how to get these public schools to improve. It worsen them. I’m guessing the problem is corruption and unsupportive parenting.

    A lot of it in my opinion is the refusal to give teachers autonomy in their classroom and do something that they know works. We force them into these curricula that always fail. Your local district, like everyone else’s is probably on their 5th math program. New supervisor always comes in and picks from a new one. They all suck. I’m at an advantage in my classroom. Nobody knows physics at the admin level, so they just leave me alone and let me do my thing.

  111. SmallGovConservative says:

    TheParallaxCynicalView says:
    November 24, 2024 at 1:47 pm
    “The reactionary (let’s call it southern in the USA) educational way is to have the crappiest public schools possible, that is where the hatred of US Dept of Education comes from…”

    Moronic drivel! Whatever the intentions of post war progressivism, public education was trashed the moment the Dem party decided to do whatever the teacher’s unions wanted, in exchange for their votes. Never was this clearer than with covid, where the blue-state Dems allowed full or part remote ‘learning’ for months (if not a full year or more) because the teachers didn’t want to come back to work. Educational institutions, along with many others that have been trashed by the leftist Dems, need a complete reset.

  112. Hughesrep says:

    Example A.

  113. RentL0rd says:

    There was a study done recently, that showed that the reason kids from socially disadvantaged households had a much much lower acceptance rates to professions (vet schools, medical schools, etc) was because –

    1) The poor kids were working part time jobs (often to help their parents financially), while the rich kids were doing research or volunteering in a way that could be put on their resumes. The poor kids cannot afford to do that.

    and
    2) the professions gave higher preference to research vs odd jobs (no surprise).

    So, the grants and funds – when they subsidize education based on economic status, level the playing field – well, almost but not quite obviously. This helps the kids focus on things like research instead of buying bread for their poor immigrant parents.

    by the way this research – which I shall not disclose more details of, is receiving funding from a federal grant. And BRT, this is from Rutgers. So, there are professors out there who are altruistic and not just liars.

  114. RentL0rd says:

    ParallaxView – Yes, Medicaid is going to be gutted. It has been called out explicitly in Project 2025. Obamacare (I prefer that to calling it ACA) affects 1 in 7 Americans ( remember, it adds protections to your health even when the insurance is from private institutions) . And you know who has a personal vendetta against it.

    All it will take is a small health incident for SmallPenis and FatEddie to realize the importance of Obamacare.

  115. RentL0rd says:

    RE: 2:05 –

    It’s amazing how MAGA forgets under which government Covid made its way through our borders.

  116. OC1 says:

    The poor kids were working part time jobs (often to help their parents financially), while the rich kids were doing research or volunteering in a way that could be put on their resumes. The poor kids cannot afford to do that.

    Have friends whose daughter (HS senior) wants to go to med school. Apparantly, med schools require applicants to do 1000 hrs of community service.

    She’s getting her hours volunteering with the ski patrol at Killington (parents have a vac home there).

    1000 hrs is 6 mos of fulltime volunteer work. Tough to do if your family isn’t wealthy and you need to work.

  117. RentL0rd says:

    And how do schools spend their money?

    I was on the local school budget committee. In 2023 here were some approx numbers:

    Total budget: $180M
    Salaries: $80M
    Health insurance: $35M
    Transportation: $20M
    Roofs and maintenance: $10M

    I don’t remember the other numbers but you get the gist. It is effin expensive. It does not matter whether it is public or private schools.

    And the money is not wasted like most people think. Thats just how expensive it is.

    There is a dedicated staff just for procuring grant money and funds from rhe State. Property taxes can’t be raised more than 2% and you know inflation is at least 4 times that.

    So balancing the budget needs lots of smarts.

    Now imagine if the funding is cut as the GOP wants to do.

  118. 3b says:

    Rent: Seriously?? Whether it was the Democrats or Republicans who were in office “ ss Covid reached our shores” as you say, how exactly were they supposed to stop it?? And, as it turns out it’s more than likely it was in fact releases from a Chinese lab in Wuhan. And, anyone who said that’s where it came from was called a nut job or racist. That was during the Biden administration.

  119. EXist says:

    2:05 can’t blame the left – all politics and schools are local.
    Trash schools in poor performing red states are a blight and wholly owned by the Conservatives in those places.

  120. RentL0rd says:

    3b, did you forget the covid sh1tshow?

    Our covid related mortality rate was the worst among advanced countries. But I was referring to SmallMind’s comment about schools under Left and blaming thenpoor teachers.

  121. SmallGovConservative says:

    EXist says:
    November 24, 2024 at 7:08 pm
    “can’t blame the left – all politics and schools are local”

    When it comes to schools, Dems take their marching orders from the teacher unions, and make decisions with almost no regard to what’s best for students and parents. At this point, given the way that Trump has started to pry away traditional Dem constituencies, the teacher unions are arguably the Dem’s most rock-solid and dependable source of votes. That’s a very bad thing.

  122. RentL0rd says:

    I was recently exploring private schools for my youngest.

    A bit of digging revealed that its a revolving door for teachers. Absolutely no loyalty to the school or student population. And there are zero standards for the teachers. The public schools are by far (in NJ) quite better and the opportunities for kids is far more. Whether it is AP classes, sports or music. One of my kids played a $5k instrument and it was literally free.

    Small, you need to get over the bitching of democrats and look up facts and statistics.
    Most private schools suck. And they will suck even more with mass exodus to private schools under the new brain dead policies.

  123. EX says:

    7:44 I’ve spent the past twenty years in the schools.
    How much time have YOU spent?

  124. The Great Pumpkin says:

    This dude stealing my term…. “Roaring 20s 2.0”

    Said that chit 10 years ago…pumps was ahead of the herd.

    https://x.com/fejau_inc/status/1860857449131155641?s=46

  125. SmallGovConservative says:

    RentL0rd says:
    November 24, 2024 at 7:58 pm
    “you need to get over the bitching of democrats and look up facts…”

    You mean like these facts?

    ‘By Bending to the Teachers Union, de Blasio Repeatedly Fails NY Schoolchildren’
    https://manhattan.institute/article/by-bending-to-the-teachers-union-de-blasio-repeatedly-fails-ny-schoolchildren

  126. RentL0rd says:

    SmallGov 8:54

    lol, you call that a fact?!!!

    A right wing agency peddling as a non-profit spits out opinions about a situation in the middle of a crisis, and you gobble it up?

    I won’t go down to elementary school insults like you, but tell me – what’s your highest level of education.

  127. EX says:

    In fact most in education will tell you the shift of power is really in the hands of parents.
    Laughable anyone would say “Teachers have all the power” or “Teachers are catered to!”

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