From HousingWire:
Pacaso’s top markets for luxury vacation homes are in New Jersey and Florida
Despite rising home prices and mortgage rates, second-home investors overtook a select group of vacation real estate markets. This week, online marketplace Pacaso highlighted counties in New Jersey, Florida and Massachusetts as leading markets for sales of luxury vacation homes.
Pacaso’s report revealed the top 20 counties for luxury home sales across the U.S. Counties are ranked by an index score, which was determined by the share of second-home sales to primary home sales in 2023 and 2024. The list excludes counties with less than 50 mortgage rate locks for second homes. All counties on the list have average prices above $700,000 — with further growth anticipated.
The No. 1 market is Cape May County, New Jersey. It is followed by Gulf County, Florida; Walton County, Florida; Barnstable County, Massachusetts; and Collier County, Florida.
“The destinations on this year’s list really capture the breadth of the luxury vacation home market,” Austin Allison, CEO and co-founder of Pacaso, said in a statement. “Legacy destinations remain as timeless as ever, Florida’s panhandle is solidifying its status as a favorite for vacationers, and Manhattan is resurging as a place where buyers are doubling down on second-home investments.
“These aren’t just weekend getaways anymore — they’re lifestyle investments for people looking to create endless cherished memories with friends and family.”
Allison went on to note that mortgage rates are beginning to ease, purchase mortgage applications have reached their highest levels since January and growing inventory is helping to drive more transactions.
Friskies
Segundo
Stone Harbor? Avalon? Tell the Philthy fans to stay in Philthadefia, they’re not welcome. :o Speaking of the shore, I was in Seaside Heights this past weekend and all the old motels are being razed and replaced with high end condos. I understand the ‘Park’ received approval to rebuild the pier that was destroyed by the fire but the permanent locals don’t want it… noise, congestion, etc. Well, the town obviously sees the 3-month revenue it can generate and… you do the math.
Allison went on to note that mortgage rates are beginning to ease, purchase mortgage applications have reached their highest levels since January and growing inventory is helping to drive more transactions.
If you started at zero and increased to 0.2, it’s technically true but let’s be honest, mortgage rates and inventory levels are the same now as a year ago and will be the same a year from now. So, your “endless cherished memories” will be “endless cherished dreams” for 99% of the muppets.
Seaside has gotten nicer over the years. I usually go once a year.
I love the shore, but would rather spend the money and a couple of weeks in Cascais.
Seaside has gotten nicer over the years. I usually go once a year.
I haven’t done anything in the Heights or Park for a number of years, now. I had relatives that had a house in the ‘Park’ and sold a year ago. We used to be there a lot but day trips usually occur in Island Beach State Park or the Avon area.
We find the Cape May to Atlantic City beaches much more family friendly. Basically, the further away you get from Staten Island, the less of the D’Jais crowd you will encounter. The Ocean City and Wildwood boardwalks are quite and their mini amusement parks and the beaches are huge there so you are never crowded in and forced to listen to terrible music all day. We often go to the beach in Atlantic City up at the north end by the inlet. It’s clean, desolate, free, easy cheap or free parking and if you can get a free room at Ocean, really convenient. Excellent showers and foot washers to get the sand off before returning to the car too.
Basically, the further away you get from Staten Island…
C’mon… Nicky, Marie and the kids are there, Valentina and Paulie. Whatsa matta wit you? Fugheddaboudit.
Lots of racists down in Cape May. I personally know of a few.
“Tesla (NASDAQ:TSLA) stock is on fire again. After smashing through all-time highs to $480 at the time of writing, the EV giant is now up nearly 170% in the past six months. The surge has added nearly $700 billion in market cap and has analysts racing to raise their price targets. Mizuho analyst Vijay Rakesh upgraded Tesla to “Buy” and bumped his target to $515a cool 11% higher than current levelson expectations that Tesla’s self-driving robotaxi rollout in 2025 and growing energy storage business will drive the next wave of growth. Wedbush’s Dan Ives backs that view, also pegging Tesla at $515, with an ultra-bullish scenario of $650 if growth fires on all cylinders.”
Here’s megapack –> https://www.tesla.com/megapack
Check out the pictures of the areas that are installed already. This guy just keeps pushing forward with stuff. The left should love him but Musk doesn’t speak symbolism so, enjoy your milk, cookies and crayons, I guess.
Musk bought an awful lot of favor. MAGA just as corrupt as the Left, but it comes with lots of rights restrictions for non-white males.
Where did I mention politics above? And what’s the ROI and ROR on the so-called favor in jobs, revenue and taxes generated? As if 10,000 other companies didn’t “buy” favor? As opposed to creating six charging stations for $1 billion dollars at the hands of the painfully inefficient public sector?
I’m contemplating a new handle, tell me what you think.
So Tara defected to Moscow, the second is garbage, and Smirnov took a plea deal, so maybe the new handle should be “But her Emails ….”
https://apnews.com/article/hunter-biden-fbi-informant-alexander-smirnov-434165aaea90a82e4c24566a1d2b78d5
Honestly, Musk rigged the election for Trump.
rigged the election? How so?
BRT – it’s common knowledge Musk hacked the voting machines using his Starlink network of Satellites. I agree with Olbermann, Musk should be arrested by the military and held at Gitmo. He is Dr. Evil..
Actually, the drones around the tri-state area are Musk’s, ordered by Trump to perform surveillance and nefarious acts when the time is right.
Key Point: “The Trump transition team wants the incoming administration to drop a car-crash reporting requirement opposed by Elon Musk’s Tesla, according to a document seen by Reuters, a move that could cripple the government’s ability to investigate and regulate the safety of vehicles with automated-driving systems.”
Then there’s Morningstar’s analyst take…
“One part of Ives’ bull case on Tesla is strong demand expected from China, which could be at risk if Trump’s proposed tariffs on imports from China spark a trade war.
But Ives expects any tariffs will have some “carve outs” for Tesla. It helps that a Kelley Blue Book report on Monday cited research from American University showing that Tesla made the “most American” cars.”
Not bad for $118 million.
Trump is a cheap whore. That could be your new moniker Gary.
Of course, there’s the conflict of interest for any changes Musk makes on the DOGE that benefits SpaceX and Tesla, where Musk will most certainly not be punished. It’s no wonder everyone wants to kiss the Trump ring. You could just about be a mass murderer and with one kiss, you turn into into a prince. But nothing to see here. Trump/MAGA can do no wrong.
In college they called Elon “3 long” due to the tiny size of his pejis.
But Ives expects any tariffs will have some “carve outs” for Tesla.
Listen, Musk rigged the election for Trump so the kickback needs to happen bigly!
Who goes higher – Juice or Fast Eddie?
It must be glorious high up the an6l hole that Fast Eddie’s tongue goes up. The billionaires are tickled with joy.
In other news away from graphic @arselicking, Honda and Nissan are discussing a potential merger. Interesting merger if it happens, overlap , but also different cultures.
Thank god there is Tesla for all the Asians who cannot decide between a Honda or a Nissan
How bout that post election Trump slump in the market.
Rotation is the lifeblood of bull markets. And, allocation to cash means confidence and stability. The heads of big tech went and kissed the ring… a far cry from 2016. Pay the 35 cent fare and enjoy the ride.
In further news, break out your long underwear, the weekend is going to be brutal. The Winds of Thor will be blowing cold.
The market knows Trump is an idiot.
After five years of uncertainty and turmoil, the U.S. economy is ending 2024 in arguably its most stable condition since the start of the coronavirus pandemic.
Inflation has cooled. Unemployment is low. The Federal Reserve is cutting interest rates. The recession that many forecasters once warned was inevitable hasn’t materialized.
Yet the economic outlook for 2025 is as murky as ever, for one major reason: President-elect Donald J. Trump.
On the campaign trail and in the weeks since his election, Mr. Trump has proposed sweeping policy changes that could have profound — and complicated — implications for the economy.
He has proposed imposing steep new tariffs and deporting potentially millions of undocumented immigrants, which could lead to higher prices, slower growth or both, according to most economic models. At the same time, he has promised policies like tax cuts for individuals and businesses that could lead to faster economic growth but also bigger deficits.
And he has pledged to slash regulations, which could lift corporate profits and, possibly, overall productivity. But critics warn that such changes could increase worker injuries, cause environmental damage and make the financial system more prone to crises over the long run.
No one knows exactly which policies Mr. Trump will pursue, or in what order, or how much of his agenda he will get through Congress and the courts. As a result, no one knows what to expect for the economy in 2025 or beyond.
“It is a very uncertain outlook, and most of that uncertainty comes from potential changes in policy,” said Michael Gapen, chief U.S. economist for Morgan Stanley.
I frequent this antique/junk/collectible place. The owner is close to 80, been doing it for 60 years, says gold should be $90 an ounce. Says it’s not rare. I agree but don’t know what price point is correct. He also said silver is underpriced as it has more practical uses. Again, what’s the correct price for silver?
Sold for 425K a year ago, asking 765K today. I have a lot of issues with this place, too many to list. The thing that irks me the most is seeing AC units sticking out of walls and windows like a bullet wedged in concrete.
https://www.trulia.com/home/6-shady-ter-wayne-nj-07470-39788781
Is this all I get for my money?
https://www.trulia.com/home/30-redwood-ave-wayne-nj-07470-39798406
Joe Biden pardoned a judge who took money in exchange for locking kids in prison. Possibly thousands of children. High ideals from the party of the sanctimonious.
Sold for 325K in 2020, want 515K now, just reduced by 15k. Does Muffin Muppet not like the pine paneling? And how about the trap door in the hallway!
https://www.trulia.com/home/53-laurel-dr-wayne-nj-07470-39787389
Check out this ancient piece of art
https://apps.realtor.com/mUAZ/2ku4jkq5
Sounds like a steal, until you realize that you need a permit to cut down any tree. And it has lead all over.
One thing you will get is the prestige of living among the elite.
Fast: That’s a lot of pine!
Fast: Do you think an increase of 340k in a year is a lot?
3b,
A 340K increase is justified because we’re prestigious and it’s Jersey. You know, Jersey. It’s good to say, “I’m from Jersey” It’s special. You can’t say, “I’m from York” or “I’m from Mexico” without the “New” in front of it. Then people will think you really are from Mexico or England. Americans know when you say, “I’m from Jersey,” they know it means NJ. We’re celebrities.
Ten 441
Fast: Thank you for your kindness and patience in explaining this to me. I know I struggle with it, and rational thought does not come into play. It’s emotional this thing that defines real estate prices in our area. We really are special. Will you be doing anything special for the critters this holiday season? Perhaps some hot cider or eggnog to go along with the Chex mix, or maybe Hershey kisses in the festive green and red wrappers? Some Xmas music might be nice too.
The Fed will do another 25bp point cut today. Economy is supposedly strong, layoffs minimal, lots of jobs still out there. Inflation is still sticky, and no decline in prices, and yet the Fed gang is going to cut rates.
3b,
Red and green colored chex mix for the gen z little
fuckerscluckers. But no red dye no. 43x because Bobby said nay nay on that color dye. I have a Bauer 60K BTU propane blaster I rented on the cheap for the littlebastardsguys and gals and that garbage-find tent is holding up, so that should give me a good deed seal of approval from the almighty. I mean geezus, you toss a few sprinkles out one spring day and they’re looking for a regular hook-up. Let them tell the government they’re illegal and get a friggin’ debit card, for chrissakes.Fast: Your spirit of love and caring, and gentle discipline for the young people knows no bounds. You are special.
Gator Jr. just got his grades for semester 3 (which is really his 5th since he gets to skip a year due to his AP prowess in high school). Straight A(s) again. GPA is now a 3.92. Not bad for a kid who we thought was in a little over his head. He also got home at 3:30am this morning after destroying his Glenb Ridge friends in poker. I’m not sure which I am prouder of.
Congratulations Libturd. Remind me what is he studying?
Niiiice. Great to have a kid whose thriving!
Who’s
Lib: Congrats to your Som. A wonderful accomplishment on his part.
Fast Eddie, your 80 year old is delirious if he thinks the correct price for gold is $80. Even if you inflation adjust the price of gold back to 1915 that would argue for a gold price of about $600. From 1935 to 67 it was $35. And back in 35 you could buy a bottle of Coke for 5 cents. An ounce of gold would buy 700 bottles of coke. Now Mexican coke closer to the original recipe with cane sugar costs at least $1.25 per bottle. Currently $3 a bottle at Target. 700 would cost $875 at $1.25, $2100 at $3. So maybe gold is a bit high now on the Coke standard, but definitely not $80/oz. That’s like someone complaining that a coke should cost 10 cents.
No One,
Yeah, no argument here on the price. That was based on the old man’s experience. I do, however, think gold is way over-priced and definitely not rare. In the early 2000’s, it was around $350 per ounce, silver was at around $4 per ounce. I like shiny as collectibles, not as investments nor insurance. Like anything else, the price is based on whatever someone else is willing to pay.
No One.
He’s studying psychology with a concentration in Behavioral Analysis. He’s thinking about applying it to business and looking for an HR roll where it applies. He’s also considering neuropsychology. Plenty of time for him to decide.
That’s a fascinating major. Should be great for consulting or corp management. Rock on!
We’ve got drones in DFW. They’re flying over a navy reserve base.
https://www.wfaa.com/article/news/local/tarrant-county/multiple-drones-spotted-flying-north-texas-city-feds-investigating/287-ab2fdab8-9e62-472d-9bad-f164a8acb381
3.92 is dope, Libturd
My #2 is also wrapping up her 3rd semester. Her grades took a hit because of Organic Chemistry… apparently. She doesn’t tell me much (at least not about academics). It’s second hand information.
My kid was super worried about this dumb anime appreciation writing class he was forced to take since he had to fulfill a writing requirement and there weren’t many options left. Keep in mind, my kid hates anime. Well, his professor eventually admitted that he assigned way too much work for a 100 level class and that he was grading too harshly. Jr. was really expecting a B even though he busted his ass in the class. And of course, this was the last grade he received. I told him a B or two would not be the end of the world. He is just a very hard worker. Now he really hates anime, though he’s become quite an expert in this area.
Libturd
K pop is way better.
My friend from the Dot Com days had a degree in Organizational Psych. Got out of tech to go into the “rubber glove” business and made a fortune. Prescient guy to launch something like that years before the pandemic.
Yeah, organizational psych is what it’s called. He’s watched his old man work for the same company for 26 years and sees how well they treat me. I am not surprised he want to go work for the man.
Fed cuts as expected, Powell signals he is done. Market not happy at the moment.
Trump will bend his arm. Don’t worry.
Had a student visit me from a few years back today. He’s about to graduate from Stanford. Was working for AMD, now works for NVIDIA. He asked me if he should go to grad school. I told him, don’t bother, he’s already got his foot in the door of the company that most could only hope to. He can always go later if he wants.
I completed half of my Masters and quit for the same reason. I was learning way more on the job anyway. So good advice given.
Lib: Actually maybe not. Trump s economic advisor Steven Moore says more rate cuts bad. Further says low rates are what killed Biden’s presidency ( his words) low rates can lead to more inflation. We shall see what Trump says. There was a time when you were not totally blinded by Trump, and did not resort to knee jerk comments. Just saying.
BRT: I saw an article I believe in the WSJ the other day, about a decline in MBA applicants. Learn more on the job than with an MBA , although I had some very good professors, and also some morons. You can learn more on a trading desk in 6 months then with a cookie cutter MBA.
3B,
I’m not an idiot. Mark my words. Trump will threaten to fire the FED once again. I’ll give Trump his due when he earns it. So far, not seeing anything more than the same lies we all witnessed the first time around. And pardoning the J6ers? That’s a pretty dangerous precedent from a pretty dangerous President.
I know it’s new, but has anyone checked out Pacaso? https://www.pacaso.com
It’s a timeshare but not a timeshare? You are part of an LLC that owns the property? Interesting concept.
Ten 449
Seriously, the second the market suffers any kind of downturn, he will start bashing Powell to no end. From everything I’ve read, deporting immigrants and raising tariffs will be a large net negative for the economy. Throw in tax cuts and the resulting increased defecit that is created last time around and the tea leaves are not looking pretty. This is not Trump bias. This is economic suicide. At the same time, he will set the environment backwards and his deregulation, albeit vaccines or self-driving cars, or even removing Crypto protections, is hardly sound policy. But what do I know. I suppose standing in front of an arena of MAGA supporters and yelling out, “Kamala, you’re fired,” like Dice Clay making adult nursery rhymes is what passes for Presidential and exceptionalism these days. It’s not an anti-Trump lense. It’s stark stupidity.
Lib: I noted one comment on interest rates, and that perhaps Trump may not necessarily support them , as more cuts can lead to an increase in inflation, and it turned into something else. I will go back to saying nothing.
Feel free to say what you want. Just be prepared to eat your words. Of course cuts are inflationary. Heck, 37% of Americans have more credit card debt than retirement savings. Charge them less in interest and they will spend more.
Nice market day.
Lib: I said I wont say anything further, and you tell me to eat my words, what words I did not say anything except that Trump perhaps might not press to lower rates. I did not say he wont, nor did I say he will, simply noting what one of his senior advisors have said. And that caused your reaction, and with all due respect over reaction. So, I am just going to avoid saying anything related to the economy, interest rates etc. Peace.
It’s not personal 3B. Seriously. I make my comment, not due to hatred of Trump, but based on his past economic record with the same said economic advisor. It’s funny. During the campaign, I constantly attributed Biden’s inflation problem to two things. First. Trump lowering rates when he should have been raising them. Second, the stupid Covid checks. During the campaign, Trump claimed he would lower inflation. With the election in the past, he now says that may not be possible. His tax cuts were a complete failure, raising deficits where the increased revenue from the deficits were promised to cut them. Now he plans to double-down again on it. Like so many before who fell for his steaks, university, his vodka or his airline. A whole notha generation has been duped.
Libturd
I heard 25% of high school students grades are in the bottom quartile. What can we do to help them join the other 90%?
Ha.
Damn it’s dark out for 4:30pm
Lib should have told your kid to watch Neon Genesis Evangelion and do his paper on that.
Chi, buy T bonds at 4.5% or wait for more yield? Cash is now down to 4%.
Ten 452
No One? Bonds? You mean Notes….. the Bonds are at 470-area.
I don’t know….. Trump is not even in office yet. Playing with fire.
Look, by rights those instruments should be at 600….. the fact that they are not is “what”? Manipulation, or maybe it is a sign of strength?
I would go the correlation play…… the Bonds are there if we go recession or into the tank…. huge Bond rally…. sub 4%? That said, inflation is bound to be stoked. At least this hawkish cut has scared the crap out of everyone. I would focus on getting your equity calls correct. I would go out the curve even losing the 100 bps these last few months. 425 is still a decent chunk of change. I wouldn’t get cute.
I would NOT go out the curve
Today is why we diversify.
Was watching the Powell’s statement and presser live in Bloomberg. This is the inflection point when everyone realize what comes 1/20/25+.
The interpretation of Bloomberg’s reporter is that it was a 180 of what Powell said in September. Now the economy is showing sign of slowing, while inflation does not look put away yet and the unknowns unknowns of OrangeTurd’s mouth vs actions vs reality are kicking in.
Bloomberg’s economist panel were concerned with the international effects with emerging markets as USD makes more gains and how the US market exceptionalism is based in AI and Tech stories.
Powell stays if the President tells him to resign? There is no specific statute that says the President can in fact remove or not remove a federal chair. This means he can be fired, as in there is no law that says he cannot be fired. BTW the courts have expanded the President’s power. And Trump just got a jail out of free card and does not even own Boardwalk anymore.
Trump will want looser monetary policy…Short term gain vs long term pain. Nobody is going to pay the bill let the good times roll and run up the credit line.
Full Faith and Credit Clause…..No worries your grandkids will pay for it…I promise!!
Goota love this too. Let’s call it “experimental economics” to determine if their “ideas” can really be a policy.
Meaning you are now the part of a study on how people will react to different economic stressors….
Juice: monetary policy is more than just the rate. The banks are keeping cash flowing out to the markets.
Also it is Congress (fiscal) that is running up the credit line. The only thing Trump can do there is jawbone it.
Hahaha no pay raise for Congress and no opting out of Obamacare…….
I am starting to love this new experiment of running our government on Twitter….
https://www.axios.com/2024/12/18/mike-johnson-congress-pay-raise-health-care