From CNBC:
February home resales jump much more than expected, despite higher mortgage rates
Sales of previously owned homes in February rose 4.2% from January to 4.26 million units on a seasonally adjusted, annualized basis, according to the National Association of Realtors. Industry analysts had expected a drop of 3%.
Sales were 1.2% lower compared with February of last year.
This count is based on closings, so contracts signed in December and January, when mortgage rates were rising and briefly held in the 7% range on the 30-year fixed. Rates today are in the high 6% range.
“Home buyers are slowly entering the market,” said Lawrence Yun, NAR’s chief economist, in a release. “Mortgage rates have not changed much, but more inventory and choices are releasing pent-up housing demand.”
Sales were only higher annually in the highest price categories, above $750,000. Sales around the median price were down 3% year over year.
Inventory at the end of February stood at 1.24 million units, an increase of 17% year over year, but still just a 3.5-month supply at the current sales pace. A six-month supply is considered balanced between buyer and seller.
“We are still in a relatively tight market condition,” Yun said.
That tight supply is keeping pressure on prices. The median price of a home sold in February was $398,400, up 3.8% from the same time last year. That is a record high for the month of February. All four geographical regions of the country saw price increases.
First-time buyers edged back into the market, making up 31% of February sales compared with 26% the year before. Investors, however, pulled back, accounting for just 16% of sales, down from 21% last year.
All-cash sales, however, remained relatively steady at 32% of sales, down just slightly from the year before. Cash is usually favored by investors, so this suggests, given the drop in investor sales, that more owner-occupants are using cash.
Another day in the kleptocracy.
When can I steal my share?
Grim,
Steal anytime.
Rules are for fools. Oh, and the poor and middle class.
Commerce Secretary Howard Lutnick, a top ally and donor to President Donald Trump, used a primetime appearance Wednesday evening to defend his fellow billionaire Elon Musk.
“I think if you want to learn something on this show tonight,” Lutnick told Fox News’ Jesse Watters, “buy Tesla. It’s unbelievable that this guy’s stock is this cheap. It’ll never be this cheap again.”
Probably not a forecast that’s going to age well.
Tesla “lost” $1.4 billion. Should probably let an army of teens from 4chan in to investigate and clean up the joint.
https://www.ft.com/content/62df8d8d-31f2-445e-bfa2-c171ac43db6e
Damn this has been one long 24 hrs.
Didn’t they make a movie about this called “The longest day?”
Russia pounds Ukrainian port while key Russian gas pipe in Kursk explodes in huge 300ft fireball as ceasefire shows no signs of coming into effect.
Biden lost 300 billion in Ukraine.
Rt 80 has sinkholes.
Could have just backed up a dumptruck and filled the void with cash.
Howard Lutnick is so out of line it defies description.
Tesla is clearly backed by the full faith and credit of the US government, so maybe he’s right? Not only will Tesla get any bailout it needs (preferentially, sorry Ford), but the current tariff regime is so obviously pro-Tesla.
Trade protectionism is the single most important factor for US automakers right now. They can not compete with BYD and the other Chinese automakers. The quality is better, the product is better, and the price is far cheaper. We are looking at end-game, zero market share outside of the US.
How ironic will it be when Mexico is building Fords, but driving BYDs (made in China, not Mexico).
At the end of the day Elon Musk purchasing the current administration for $300 million may be the bargain of all bargains. Tariffs can’t come quickly enough for Elon.
UPDATED FRI, MAR 21 2025
5:51 AM EDT Live updates
Hakyung Kim
U.S. stock futures fell Friday morning as the S&P 500 tries to snap a
4-week losing streak caused by
trade policy turmoil,
recession fears and a
rollover in megacap technology shares.
Nike expects sales will plunge in current quarter as it faces tariffs, sliding consumer confidence
PUBLISHED THU, MAR 20 2025 12:00 PM EDT
UPDATED THU, MAR 20 2025 6:42 PM EDT
Gabrielle Fonrouge
FedEx cuts full-year results forecast on ‘uncertainty’ in economy.
MAR 20 2025 8:53 PM EDTUPDATED
FedEx lowered its full-year profit and revenue forecasts on Thursday, as the parcel delivery firm battles stubbornly soft demand and uncertainty in the U.S. industrial economy as President Donald Trump imposes tariffs on trading partners.
“We are still in a relatively tight market condition,” Yun said.
This guy needs to be a stand-up comic.
Grim: Tesla is fine, just the stock is overpriced for its economic value, but may remain resilient due to factors external to its operations, which is troubling.
BYD is a predatory trap of the CCP. Rely on it at your own peril. The big joke is the amount of coal the CCP burns to power their domestic usage.
The portal bridge in the Kearny area is one of the busiest rail bridges in the Western Hemisphere. It was over 100 years old. The government is currently building a new bridge to replace it. The new one is 50 feet tall rather than the old one at 20 feet tall. Thus, shops can pass easily under the new one. This is considered a huge United States infrastructure project. Transformational for many US lives and the US economy.
This new bridge cost $2B.
We spent $100B-$200B in Ukraine. So, we could have 50 or 100 transformational infrastructure projects instead. Have Schumer and Graham justified this choice?
Same analysis as what the war criminals bush and Obama did with $5T in Afghanistan and Iraq.
And he can’t really shut down DOE either. Where’s the plan, and where are the votes in congress?
What a eff’n mess!
It’s like hopping on a plane and learning to fly.
8:33 – who yanked the Infrastructure bill that would have fixed the portal bridge?
Financial Times is now reporting red flags in $1.4 billion missing in Tesla corporate accounting.
re: Portal Bridge.. ” huge United States infrastructure project. Transformational”
What shipping passes under that bridge? My understanding is only the poop barge full of secondary sludge from the Bergen County sewage treatment plant is the only boat traffic, and it’s like once a month.
If you assume something sketchy was going on with Tesla, that says more about you than it does about Tesla. The company has $37 billion in cash. They aren’t going anywhere anytime soon no matter how many hit pieces come out about them.
The real question is do we allow the Chinese to destroy our auto industries? Tesla is an American car company and a successful one at that. We need them to be successful for America to be successful otherwise we will all be calling each other Comrade one day….
Some on the left want that I guess….
What shipping passes under that bridge? My understanding is only the poop barge full of secondary sludge from the Bergen County sewage treatment plant is the only boat traffic, and it’s like once a month.
Privileged Bergen County White bastards! Ship the shit downstream! Not in my backyard! Kill all boomers in Bergen County!
Tesla’s success was based on two things. Huge government subsidies and rules which required foreign companies to pay Tesla if they did not have electric cars of their own.
Tesla’s are crap cars. Fast crap virtue signaling electric cars that have not fulfilled Musk’s plethora of promises. You know. Kind of like Trump’s empty promises. How about all of those peace negotiations. More lies. More Trump failures. Hey, at least we got to rename the Gulf of Mexico.
Tesla ads popping up in the UK.
https://www.the-independent.com/news/uk/home-news/musk-fake-ads-london-tube-b2716053.html
Fast crap virtue signaling electric cars
Fast crap, MAGA smelling, rac1st, misogyn1stic, right wing, h0mophobic, virtue signaling, privileged, nazi, fasc1st, oligarchic, electric cars… get it straight!!
The death of Tesla does not have to be a death of EVs in America. It’s only fair that Tesla competes fairly with other American EV brands. I ‘m fine with heavy import tax on Chinese EVs – especially because of the data gathering that happens with these cars.
If we have regulation to open up proprietary tech and adapters, people will adopt EVs faster and choose other brands as well.
I have a friend who has a Mach-E, and he purchased a charging adapter for using Tesla chargers. Unfortunately, apparently the only way he can use the adapter is if he parallel parks and uses up 3 spots because the adapter is not long enough.
Opening up chargers to all brands, unifying standards instead of stifling competition with monopolistic way can be a success. I bet the chinese EVs have universal charging adapters for example and not monopolistic.
Lib – There is no other decent American competition. GM and Ford are floundering with Electrics and they have been getting the same “Huge government subsidies”.
1.3 million electric vehicles (EVs) sold in the USA last year.
Ford got $9.3 billion subsidy loan in 2023.
GM got 1 Billion last year…
Rivian’s $6.6 billion loan to keep it from going under.
etc…
9:50 – we need those ads in America… instead of vandalism. But the former is more regulated than the latter ;-)
BREAKING!
FRI, MAR 21 2025 9:59 AM EDT
Dow falls 400 points, S&P 500 heads for fifth-straight losing week:
Live updates
Sean Conlon
Hakyung Kim
From the Financial Times:
If you compare Tesla’s capital expenditure in the past six months of 2024 with its valuation of the assets that money was spent on, $1.4bn appears to have gone astray. Where did the assets go?
One out of every four vehicles sold in the USA are to be electrified this year, that would be all-electric vehicles and hybrid models. That is up 5% from last year.
Telsa isn’t going anywhere.
“ I was told that if I voted for Kamala Harris the stock market would crash.
I voted for Kamala Harris and, sure enough, the market crashed.”
The left is going to go crazy next year when the new Tesla robotaxis start showing up everywhere. They are spending billion to get the production going.
Then the government permitting part is happening too.
“The California Public Utilities Commission (CPUC) granted Tesla’s application for a ride-hail permit, a required first step in the automaker’s quest to launch a robotaxi service in the state.”
https://www.theverge.com/news/632185/tesla-ride-hail-permit-california-cpuc-robotaxis
Ride heil…Mein Fuhrer
DOGE coming for the military budget? Quick send out the hit pieces to the NY Times and WSJ.
https://www.msn.com/en-us/politics/government/trump-denies-nyt-report-on-musk-seeing-plans-for-any-china-war/ar-AA1BlUNu?ocid=BingNewsSerp
Juice, painting the robotaxi protestors as “the left” is disingenuous. Remember 36% did not vote one way or the other. And I’m sure there are “fine people” on both sides who protest robotaxis. I’m fine with Robotaxis.. I’ve seen Waymo in Phoenix downtown, and they are cool. I’m not so sure what someone who’s livelihood depends on taxiing other people think. Or, what people think of giving one particular company more privileges. And that’s not a left or right issue.
When it takes 7k of my tax dollars as an incentive to buy one it’s not a success, it’s a government handout to the rich from the poor.
Plenty of people out there that can’t afford one. Yet they get taxed so some guy who wants a 70k car and can afford it gets 7k from the taxpayers?
Juice Box says:
March 21, 2025 at 9:32 am
If you assume something sketchy was going on with Tesla, that says more about you than it does about Tesla. The company has $37 billion in cash. They aren’t going anywhere anytime soon no matter how many hit pieces come out about them.
The real question is do we allow the Chinese to destroy our auto industries? Tesla is an American car company and a successful one at that.
Rent – So the people damaging, defacing and even burning Teslas and the dealerships aren’t on the left?
You do know that many have been arrested and charged. I won’t bother sending links you can look them up yourself. They aren’t on the right or even center. They are on the lunatic left.
Some of them maybe on the left. Some of them on the right. Some of them went sideways or maybe went up or down. You don’t know that. A social media link is not hard data.
Dark Phoenix,
I realize yours is a satirical account, but can’t stop myself from pointing out the obvious.
You are incredibly naive to think that any repatriated funds, or simply funds not doled out to other, will ever go to fix this country’s infrastructure or education shortcomings.
This money will simply never be spent to improve the user experience for US citizens.
Rent – mighty fine looking woman here, must be MAGA….
https://mynbc15.com/news/nation-world/woman-40-caught-with-explosives-at-tesla-dealership-in-colorado-police-say-vandalism-larimer-county-jail-lucy-grace-justin-thomas-nelson-felony-felonies-true-crime-cybertrucks
I can do this all day…The lunatic left are the ones doing these crimes.
Here you go another fine MAGA person.
“Cook County Court records described Erin L. White as a female/white 6’2″ 250 LBS, born in the State of Washington, with an alias name of Evan White with no alternate description for sex or race for the alias.
Erin L. White lives in Buffalo Grove in Cook County within one-half mile of the crime scene, and works as a bartender at an establishment in Long Grove.
Erin L. White was released pre-trial, and is due in Cook County Circuit Court Rolling Meadows Room 108, Wednesday, March 19, 2025 at 9:00 a.m.
Erin White is described as “She/They” with “In Progress Career Change” in a LinkedIn profile.”
I can do this all day Rent…….
Trump’s announcement of increasing coal production in the US to meet growing energy needs has incredible timing.
Leftists, traditionally virtue signaling about the environment, are burning and shooting the most popular electric vehicle make at the same time. Seems awfully hypocritical.
I guess power and entitlements are more important to them.
If you want to call out crime, here’s one happening in broad daylight:
https://www.msn.com/en-us/news/world/elon-musk-arrives-at-pentagon-for-discussions-about-china/ar-AA1Bm0bb
The Right does not commit petty crimes. They go big. Like $5million / dinner.
The Magnificent 7′s lousy year, by the numbers
PUBLISHED FRI, MAR 21 2025 10:30 AM EDT
Samantha Subin
Macroeconomic uncertainty, recession fears and concerns over the impact of tariffs have fueled a market selloff that’s pushed all the major averages into negative territory for the year.
Let’s call out virtue signaling, shall we?
Support our troops – but cut VA funding.
Christianity – without Christian values
Labeling anyone who disagrees as “Woke”, “virtue signaling” – while being totally ignorant of the facts
“Handouts are bad” – but corporate tax breaks and tax cuts for wealthy are great
Boycott Bud light because of an ad, but okay with tesla owner being a fascist and against protests.
“Freedom” t-shirts – while suppressing voter rights
Should we go on?
all of those things are a figment of your imagination
Rent – There you go again….. Elon Musk has had top secret clearance for years and has been to the Pentagon many times. He gets read into all of the top secret satellites he launches for the DoD and like it or not he is an advisor to the President. If Trump wants him read in then he gets read in.
The media and the left are just going to have to learn to deal with it as it’s happening….
That’s all good Juice. But not being transparent – or even transcribing internally, what goes on behind closed doors is more than just a simple crime.
when a reporter asked what Hegseth and Musk discussed, the billionaire responded: “Why should I tell you?”
It’s sad that you minions are okay with this.
Dark ph – regarding the $7000 ev credit for the rich, I bought the Chevy bolt all bells and whistles except sunroof and higher end stereo went from $34 list to under $25 with subsidies. Car is a blast to drive . Could use bigger tires but for $25k it’s fine. Bought it for my kid. Really the issue with electric cars is they are made for single family homes. It won’t work in a apartment complex because no one is going to move their car for someone else after coming home from work
Against Universal Healthcare – but in favor of Maoist socialist healthcare for everyone older than 65 yrs
RentL0rd says:
March 21, 2025 at 11:50 am
Let’s call out virtue signaling, shall we?
Support our troops – but cut VA funding.
Christianity – without Christian values
Labeling anyone who disagrees as “Woke”, “virtue signaling” – while being totally ignorant of the facts
“Handouts are bad” – but corporate tax breaks and tax cuts for wealthy are great
Boycott Bud light because of an ad, but okay with tesla owner being a fascist and against protests.
“Freedom” t-shirts – while suppressing voter rights
Should we go on?
Juice,
As king of the “you cant prove that” generalization fallacy, please explain what evidence is there that Erin/Evan is a “leftist”?
“what goes on behind closed doors”
Dude you don’t have clearance to know what happens. Reporters can ask all the stupid questions they want knowing it’s Top Secret and they aren’t allowed to know and it’s a crime for even talking about it.
I don’t know what it is you’re doing when you post lists like that but if you intend to persuade me or anyone else reading the board that’s not the way to do it. It just doesn’t work.
Rent cannot help itself…too confused to know what she/they means…It must be some Nazi Maga meaning right?
There are two acts that are being violated by this administration –
Presidential Records Act (PRA) of 1978 and the Federal Records Act.
They don’t have to tell us everything, but elected officials are expected to keep records. They also have a responsibility when it is not top secret – to at least say what the talks are about. We don’t live in a kingdom.
Havent you heard, every federal government document is now top secret.
You two fascist jerkoffs are untenable.
“D-FENS says:
March 21, 2025 at 12:00 pm
all of those things are a figment of your imagination”
“too confused to know what she/they ”
So you are saying Trans = Leftist?
Lib, you now have RFK in charge of Special Needs. Good luck.
“A day after signing an executive order to begin dismantling the Education Department, President Donald Trump announced today that the Small Business Administration will take over the department’s student loan portfolio, while the Department of Health and Human Services will handle special needs and nutrition programs.”
Juice,
You use the terms Tesla and EV’s interchangeably. The EV market in the US is more than Tesla. Frankly, the projected increase in EV’s registered—which you use to bolster your statement that Tesla isn’t going anywhere—will not correlate with number of Tesla’s purchased.
At the moment, the brand is somewhat toxic to anyone who doesn’t share your views, which I think you’ll begrudgingly admit is a sizeable portion of the US total addressable market. If the board can depose Musk, then maybe thing can turn around, but the clock is ticking.
Dude Tesla still sold 35,000 more EVs than Ford in January. Tesla is an EV behemoth even with Elon’s antics the #1 selling EV in February was the Model Y. I am sure there will be a drop an additional drop in sales below 42% of the US market.
Nobody is saying there won’t be with the leftist domestic terrorists torching cars and damaging dealerships it’s bound to keep a few people away. Nobody wants to risk their life over a car. The left are crazy….lock em all up.
In January and February 2025, Tesla sales
plunged 70% in Germany,
down 50% in Portugal,
down 45% in France,
-42% in Sweden, and
-48% in Norway.
Sales are falling sharply outside of Europe as well…
down 71% in Australia.
Tesla around the world is not a monolith and its US and worldwide prospects will vary. It’s just not that good of a product, and no longer a compelling proposition in a maturing market.
You’re right the left is stupid and is concerned with signaling in their social circles, and for those reasons they will think twice before buying a Tesla. Have you seen the sales drops in the EU?
Question. I DJT has his way, the BOE is abolished, and “education is local” does that mean that property taxes double in a short amount of time?
I can only imagine the local funding requirements that will need to be borne by local taxpayers.
Or will they continue to pay the same block grants, just leave it up to the states to spend as they see fit?
Interesting to think that it may educate a generation of citizens who are trained to function only within a somewhat limited geographical area of their place of education.
“Wait, you guys were taught what?”
Ah who am I kidding, in four years someone will just come in and tear it all down anywa… oh, wait.
EU?? They sold out to the Chinese.
SAIC Motor MG ZS 30,000 Euro
SAIC Motor MG4 EV 20,000 Euro
SAIC Motor MG HS EV 35,000 Euro
BYD Atto 3 38,000 Euro
BYD Seal $45,00 Euro
If you want to see how careful they are at these gain of function research facilities, check this picture out.
https://x.com/R_H_Ebright/status/1903088846348148750/photo/1
Boomer – Here is your answer about the BOE and local taxes.
In fiscal year 2025, New Jersey is estimated to receive about $465 million in Title I funds and $463 million in disabilities education act funds.
Quid pro quo:
“Gimme $40M and cut your diversity policies and I’ll let you do business with my Govt”
https://www.bbc.com/news/articles/c2d4kex0w2ro
All you a$$h0les supporting this scam is as culpable as the turd himself.
All I want to know is when the Fanny Willis Georgia thing trial takes place.
“EU?? They sold out to the Chinese.”
What does this have to do with my question you obstinate brownshirt?
And if it is the Chinese product then still goes to my point, Tesla is in precarious position. Whether it was the salute or Ximobiles, its viability is threatened.
Those funds never make it to your local district aside from maybe crumbs. Your taxes fund your entire local district. And then, the other half of your taxes go to fund the local abbott districts.
Fun fact about Tesla. In 2024 they earned 26% of their operating profit in the US, 74% from overseas. Their overseas margins appear much higher than US margins, as 21% of their revenue is China, and about 30% from non-China international, which should be mostly Europe. Tesla’s biggest sales volumes, about 37%, come from China, but their pricing is lower there at under $35k retail for base M3 and model Y. Compared to $39 and $45k respectively.
Even though in the past 5 years Tesla has reported a cumulative $40b of net income, they have paid income taxes that were net negative, thanks to a negative $5b tax bill in 2023.
Tesla doesn’t disclose, but China is still probably Tesla’s biggest profit center, besides the free money they get from regulators forcing other car companies to buy their CO2 credits.
Tesla’s CEO is a serial liar or at best exaggerator, promising many things that don’t come true. The company’s board is dominated by him. He’s repeatedly been hit by governance concerns. This is a guy telling customers and investors five years ago that their existing models would soon be able to self-drive out of their parking lot while they were working and go make money for them as a robotaxi to pay for itself, with Tesla making money via its robotaxi app. Now investors are stupidly counting the profits they’re going to make from Tesla’s future robots that can do handjobs. He also seems to see his CEO job as a part-time one.
https://www.newsweek.com/klarna-doordash-buy-now-pay-later-recession-2048600
Seriously, people financing their doordash delivered burgers
Are we great yet? Asking this question from Bimini.
Musk getting advice from pumpkin. In conf today he states investors should be like the great Cathy Wood of ark, and accumulate and hold onto their Tesla stock.
So what is a subsidy? It’s welfare. Taking from one person, giving to another. For a luxury product no less, not for food, not for shelter, not for healthcare.
So a millionare gets a 7k tax break, even for a Chevy Bolt, to park in his garage. A 17 year old, working at McDonalds, paid for part of that subsidy.
F’n wrong is what it is. I had to buy a hybrid as I cannot afford a home due to legal bills I needed to pay thanks to a false accusation. Now I get to support someone else’s Telsa or Bolt that I cannot own.
Fucc America.
Walking says:
March 21, 2025 at 12:09 pm
Dark ph – regarding the $7000 ev credit for the rich, I bought the Chevy bolt all bells and whistles except sunroof and higher end stereo went from $34 list to under $25 with subsidies. Car is a blast to drive . Could use bigger tires but for $25k it’s fine. Bought it for my kid. Really the issue with electric cars is they are made for single family homes. It won’t work in a apartment complex because no one is going to move their car for someone else after coming home from work
Juice Box says:
March 21, 2025 at 1:16 pm
Dude Tesla still sold 35,000 more EVs than Ford in January.
Tesla has the charging stations. Ford doesn’t. Adapters suck.
You either have a car you charge at home and keep near home, or you have one with a charging network.
Tesla is mostly better due to the charging network. And if Tesla is so, so great, why does the government refuse to allow BYD cars into the country? It’s the car equivalent of censorship.
Fucc America. Douche UltaBeautyOrangeFace just consumption taxed all of the lower and middle class individuals in America, while letting boomer skip off into the sunset with the spoils.
Boomer has the last roof, the last car, the last toliet, and the last pair of Depends they are going to need. A consumption tax doesn’t affect someone who doesn’t need to buy anything anymore. I don’t think there is a tariff on caskets, however.
3:49 – did he actually say that!
Cathy Wood is full of sh1t. A few years ago, I put 100k in one of the ARK* funds – and it lost 20k in a matter of weeks and I cut my losses. Imagine if it was part of my retirement fund. She has one of the most hyped, worst performing, fund manager ever!
I’m not naive. Place is a shit hole, and going to get worse soon enough. Until the general public realizes that the government it votes for hates them, hey, just keep pulliing the lever for the liars, grifters, and thieves that are ruining your lives every day.
Boomer Remover says:
March 21, 2025 at 11:18 am
Dark Phoenix,
I realize yours is a satirical account, but can’t stop myself from pointing out the obvious.
You are incredibly naive to think that any repatriated funds, or simply funds not doled out to other, will ever go to fix this country’s infrastructure or education shortcomings.
This money will simply never be spent to improve the user experience for US citizens.
I could possibly support Tesla if the charging costs at superchargers is only for the cost of the electricity plus a VERY small fee for the cost of maintaining the chargers.
But no, they ass rape you at the stations compared to home charging.
Can’t charge at home, you might as well use gas or hybrid.
A cheaper car could offset this. BYD makes cheaper cars. But the tyrannical American government won’t let you purchase one.
Oh, and data collection. I’m 1 billion more times concerned about Google, Amazon, and Pegasus collecting my data than I am worried about a Chinese guy doing it.
The people in America are so stupid they collect the data, then put it at the curb for anyone to read. Just look at American healthcare, shit’s been hacked more times than Shannon has swallowed a hot dog.
Be glad you didn’t marry her. You would have lost the whole 100k and your future earnings as well.
RentL0rd says:
March 21, 2025 at 4:04 pm
3:49 – did he actually say that!
Cathy Wood is full of sh1t. A few years ago, I put 100k in one of the ARK* funds – and it lost 20k in a matter of weeks and I cut my losses. Imagine if it was part of my retirement fund. She has one of the most hyped, worst performing, fund manager ever!
I don’t care if every Tesla and Tesla station is burned to the ground.
Not gonna affect me one bit. I drove one, I liked it, but can’t own one.
Not my monkey, not my circus. Plus the cheap bas turds that own them cry when they have to pay a nickle for road tax, which, by the way, I have to pay, in order to fix potholes and sinkholes in the People’s republic of NJ.
Boo f’n hoo you have to pay some measly tax that everyone else is paying. Go suck the biggest one you can find. If I had a Tesla and a house, the last thing I would whine about is paying a tax that every one of my neighbors is paying just to drive to work.
F’n cheapskates.
‘murica
Jump to the comments. Funny as F. ” time to oil and sharpen the chain.”
Priceless.
https://www.reddit.com/r/CrazyFuckingVideos/comments/1jgdrpi/police_engage_a_man_with_a_chainsaw_in_a_nursing/
Cathy Wood is full of sh1t. A few years ago, I put 100k in one of the ARK* funds – and it lost 20k in a matter of weeks and I cut my losses. Imagine if it was part of my retirement fund. She has one of the most hyped, worst performing, fund manager ever!
You shoulda floated that idea by us just like Pumps did. We had a party shorting the sh1t outa her downfall.
Are all of you (esp lib) ready to admit Murphy was a godsend to our state…just like pumps said! Pumps for the win!
Evaluating whether Phil Murphy is one of the “most successful governors ever” depends on how success is defined, as it’s a subjective measure influenced by political perspectives, policy priorities, and historical context. Since you’re likely referring to his tenure as New Jersey governor, I’ll assess his record based on key achievements, challenges, and public perception up to the current date, March 21, 2025.
Phil Murphy, a Democrat, has served as New Jersey’s governor since January 2018 and is in his final year of a second term, limited by the state’s two-term cap. His tenure includes notable accomplishments. He’s overseen the largest state budget in New Jersey history, proposing $58.1 billion for fiscal year 2026, with significant investments in education (fully funding K-12 schools at $12 billion), property tax relief (billions allocated), and public transit (new funding for NJ Transit). Murphy has also prioritized progressive policies, like expanding pre-K, pushing for clean energy (though offshore wind projects stalled), and limiting local police cooperation with federal immigration enforcement. Economically, he’s credited with building a $6.3 billion surplus, a stark contrast to the $500 million rainy day fund he inherited.
His electoral record adds to the case for success. Murphy won re-election in 2021 with over 50% of the vote, a feat not achieved by a New Jersey governor since 1977. Posts on X from 2021 highlight him receiving the most votes for a governor since 1989 and the second-highest vote total for a re-elected governor in state history, suggesting strong voter support at that point.
However, success isn’t without qualifiers. Critics, especially Republicans, point to persistent issues: New Jersey’s property taxes remain among the nation’s highest, NJ Transit still faces reliability complaints, and his handling of immigration—like a controversial remark about housing an immigrant—drew backlash. His ambitious offshore wind initiative faltered, with no turbines built by 2025. Public approval has fluctuated; while exact polls vary, his progressive stance and tax policies have polarized residents, with some praising service improvements and others decrying costs.
Compared to historical benchmarks, “most successful” is harder to pin down. Governors like Tom Kean (1982–1990) left a legacy of economic growth and bipartisanship, while Murphy’s tenure aligns more with progressive trailblazers like California’s Jerry Brown. Nationally, longevity (e.g., Terry Branstad’s 22 years in Iowa) or transformative impact (e.g., Huey Long in Louisiana) often define “most successful.” Murphy’s eight years, while impactful, don’t yet match such extremes in scope or duration.
So, is he one of the most successful ever? In New Jersey’s context, his policy wins and electoral strength make a strong case, especially for Democrats valuing education and social equity. Nationally, he’s a standout progressive, but not an unrivaled titan. It’s a mixed bag—impressive, yet incomplete, with success hinging on what metrics matter most to you. What do you think defines a governor’s success? That could sharpen the answer.
Give it a rest. QT has finally ended. She will win bigly again. Up to you to take the profits when the cycle peaks. We have had QT this entire time…worst biotech bear market maybe ever due to this long lasting QT. It’s over. So, if you played this like a marathon, and DCA the entire past 3 years, you will eventually be rewarded handsomely. That’s how you win with investing, accumulate when no one wants it. You guys couldn’t do this because you sit there and blast the blood in the streets instead of buying it. You did the same thing with real estate last decade…instead of buying the blood, you bashed real estate as dead in nj.
BRT says:
March 21, 2025 at 4:25 pm
Cathy Wood is full of sh1t. A few years ago, I put 100k in one of the ARK* funds – and it lost 20k in a matter of weeks and I cut my losses. Imagine if it was part of my retirement fund. She has one of the most hyped, worst performing, fund manager ever!
You shoulda floated that idea by us just like Pumps did. We had a party shorting the sh1t outa her downfall.
This is still the decade to go hard on disruptive tech. So much change is here/coming.
Electric rates a natural gas rates on track to skyrocket due to his administration’s policies. Do you work on his campaign or something? Why the screed trying to convince us otherwise?
F-47 is one sexy little plane
We supercharge occasionally on road trips. LBI, AC, Eastern LI were all super easy.
Yeah, the price is higher than home charging, but you are paying for the convenience of fast charging on long trips or unexpected situations.
It doesn’t make any sense at all if you need to rely on it 100%.
I’m getting 43 mpg around town and 37-38 on highway in my rav4 hybrid.
I don’t know what those cars cost new but my ‘18 Impreza wa 18,500 new and routinely gets 35 mpg with the best awd in the business. The TCO has got to be way under any hybrid or ev on the market. Apple CarPlay standard
Weekend car is the hemi powered Durango though hehe
Old reliable, my manual ‘95 Civic Hatchback was $12,600 with AC. Got 48 MPG highway. Best of all, it did. It take 45 minutes to fill up and very little New Earrh for the battery. I loved virtue signaling my cheapness.
BRT 4:25,
You live you learn. That was when I gave up management to a professional and so much happier.
Pumpkin 6:16 –
I disagree that this the decade to invest in tech. This has all the resemblancesof the dotcom bust. Every tom dick and harry is into AI and missing the fundamentals of business. It wasn’t that long ago that CFOs were calling the tech shots.
So far nobody has shown the ROI – except of course NVDIA.
And, this ai spending is coming at the expense of critical funding in other areas.
I was driving my son’s Hyndai Sonata Hybrid today. It’s a joyous ride and at 50.5 mpg it’s great. But somehow I still like my other kid’s VW Golf which has 100k miles and gives 20mpg. It took me all of $3 and no screw driver touched to change the rear tail light.
Rent,
It’s a bet on massive change when the ingredients are in place. Don’t overthink this.
You think America can self manufacture without massive innovation? Talking huge productivity gains needed to make it possible. Current administration is all in on making it happen with this tariff war. They must know what is coming. No way Musk(he is the one really in charge) makes this bet otherwise….and I don’t ever bet against Musk. No way, no how.
I know this sounds crazy…but your bust may never come this decade because of the enormous productivity gains coming our way. Can’t tell me otherwise (cars are driving themselves and I can already carry on a legit conversation with grok). Chit is changing faster than you can imagine it. I don’t make the rules…
Like biotech….I know it’s been a fictional sci fi ride thus far, but with the power of ai, that field is going to explode. They will hyperscale to prob the most powerful industry on the planet. Everyone cares about their health, looks, and longevity…biotech is him. They will pay.
Yes China war plans!! Impeach, Impeach!!!
https://x.com/SecDef/status/1903146875768684630
I haven’t spoke about real estate in some time, so mine as well share what I think.
Real estate peaked, recovers 2027-2030. Most of the hot markets I told this blog to stay away from are already underwater. Told you not to sell jersey “gold” for southern “oil.”
See a bottom by 2026, then 2027 slowly consolidate into the next cycle.
And this might sound crazy, but high rate or low rates, we would be in the exact same position….i don’t make the rules. The market based economics dictates that the price will always rise to a point of where the market can’t support higher prices (market peak). Nothing matters, it always ends with this inevitably. It’s a never ending cycle that can not be manipulated to ever change. Boom bust repeat. You can think you are manipulating it and preventing a cycle (this time is different) but it never is. Just requires patience to let it play out to its own song and dance.
And i will never feel as strongly as I did about a major bull in real estate anytime soon based on demographics. You need strong population growth for it to play out at the national level. I don’t see that. Just like stock market, real estate is the same type of game now….it’s a picker’s market. Be careful where you buy real estate. I would rather stick to safe zones in this cloudy future picture of where people will consolidate. Esp with environmental factors at play with insurance…if you figure it out, you will win big.
I guess you could ask ai for lowest insurance rate growth in high populated areas and start from there. Narrow it down, and then buy in 2026-27.
Obviously, north jersey is a golden nugget. That chit is never going down. I am just talking about on a national level.
Also, I am pretty sick to my stomach to watch north jersey take the next step forward in terms of development. Watching these woods get cut down just hurts. Now I understand all the people crying about how much nj has changed in the early 2000s and this blog. I am finally at that stage, where the jersey i grew up in 40 years ago, even 10 years ago, is gone. Gone with the wind. This chit is now getting developed to the point they are building on the least desirable plots of land (hilly and rocky). The nyc sprawl continues.
Now i too, romanticize about the jersey I once knew.
Btw, I am batting 1000 on my real estate predictions on this blog, and they were some highly risky calls. Does it continue? Take your bets.
Last post: just want to clarify in case it flew over your head(talking to you 3b).
I specifically used oil and gold in my comparison in terms of value between southern and nj real estate. When economy is pumping, you can trade the southern real estate, but when economy gets hurts, nothing like jersey real estate. Safe haven based on the densest real estate in the usa. It’s gold, and the closer to nyc the bigger the nuggets.
Sorry GP, but received this out of office message from 3b:
—
Comrade,
I am away on mandatory relaxation. If urgent, contact Ivan—unless he has been… reassigned. Otherwise, wait patiently. The KGB sees all, but even we need a break.
Best,
bbb
(Totally not in Siberia)