As the market and the economy softens, Benjamin Bernanke waits in the tall grass, smoking blunts filled with potent marijuana, exclaiming “I’m gonna get those bitches, just watch.”
I believe Ben gives a speech tonight and everyone is now chit-chattering about what the Fed will do come July. Will they do another ‘Operation Twist’ or maybe something a little more exotic this time around? Frankly and sincerely, the world wants and needs to know. The prospect of having to deal with the caprices of the overzealous and gluttonous bears, always wanting more out of their FAZmolbiles, is almost insufferable. These bears walk around town like pompous jackasses, flaunting their extraordinary wealth, embodying the virtues of prudent “mal-investment.”
“The Fly” once sat in the tall grass, waiting for a meal to come his way. Instead, he was lured out into the field with the rest of the zebras and now finds himself paranoid from whatever lurks in his former hiding spot. I SHALL NOT fear losing a few millions. It’s simply paper that turns into dust, with a snap of the finger, then a memory.
As an aside, my real estate hunting is going quite poorly, as the market for desirable properties in NJ is extremely tight. Basically, if your home is updated and in a good location, it is selling within weeks. All of the other HORSESHIT, with kitchens dating back to 1986, are sitting on the market, fucking it up for the rest of the honorable people in need of property appreciation.
I foresee prices stabilizing very soon, then going up. There just isn’t enough quality on the market. Eventually, after all of the jackasses with disgusting bathrooms sell their homes for 20% below ask, the market will bottom and head north.
Just my two cents.
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A boss like yourself won’t rehab a kitchen?
I don’t have an issue with renovations. I’ve seen over 100 homes over the past 5 months. The area I am targeting, literally, has nothing for sale. The few homes that are for sale are in bad spots.
If Mrs. Fly will have it, go to Long Island, preferably the North Shore, more West than East. Plenty of nice places for sale and they aren’t moving. Also, unlike Bergen County (an assumption) your wife can hop on Sundays…
hop = shop
You recommending Sands Point?
Bathroom hacks
You probably need a teardown anyway. You need space below the house for the FAZmobile, dynamite car, time machine etc. You need space on top for orbital space cannon launching facilities and machine gun turrets. I doubt any houses have those in the area.
Fly can you divulge where you have been looking in NJ?
I’ve looked everywhere. At first I looked in Bergen and Essex, then Monmouth, then Somerset. I prefer the Princeton area.
You should try Warren.
I’ve lived and worked in both areas (near Warren and currently a bit east of Princeton). Warren is a nicer (prettier) area, and I’d rather dine out there, but Princeton is better in just about every other aspect. Convenience, everyday shopping, transportation, private schools – Princeton is better. But I wouldn’t actually live in Princeton; I prefer just outside.
Princeton area is great, although due to the road infrastructure, I would try to get a little further east (Turnpike) or South (295/195)so you can get places without tons of traffic lights or 2 lane roads. Plus once you get south of Princeton the permeation of NYC attitude/commuters start to drop off and with it the housing prices.
Desirable properties here (Toronto) are selling in 1-2 days, sometimes within hours… usually higher than asking (hell, there was this ordinary looking house on the street where I’ve rented the past 12 months, went on sale – out of curiosity I looked up the listing – asking, $1.3mil! No way, I thought. Was sold in 2 days).
I bought my new place, moving in end of May, got tired of watching the prices go up, and up.. and up.. and up… I’m not too worried about top ticking the short term market, it’s not a short term “trade”, it’s a long term investment 🙂
Canada’s housing crash is coming yet. Probably sooner rather than later. Very little is selling other than high end places.
what makes you say that?? Our bubble is ONLY 40% larger than the US was when it popped… obvious “we’re different here”
Omen, nice to hear from you !
thanks 🙂 I’m lurking around, will get back into trading sometime soon, just focusing on the day job now..
come to Alberta Fly… homes only go up here. The blue-eyed sheiks are all RE gurus and economic wizards but I’m sure you can tell em all to fuck off with their financial advice…
banks are doing some fuckery with regards to housing. They pull shit off the market then re-list it 2 months later to give appearance of scarcity. Plus sometimes they sell to other banks and other banks change price. May actually work and there are some houses coming off market, but just good to know.
so long as the plebs remain obscured from the truth, does the fuckery really matter? so long as their homes go up or the belief of it, all is well…
Move Mrs. Fly out to Sparta.
Sparta is well and septic mostly. No thnx
@FLY. check out Warren NJ 4 hill hollow rd. Exclusive neighborhood of executive homes
I know the seller and the home very well.
I don’t like it
Who’s the vendor? Mike Brady?
an “executive” house for 800K in NJ? must not be a very high level executive
NJ? I thought you were looking to move to Cary NC?
Changed my mind
Last time I was in NC I saw a rebel flag license plate on the front of a beat up truck. That’s all I need to know.
Yeah, the only place you’ll find racist rednecks is NC /s
That’s like saying the only people in Jersey are the ones on Jersey Shore. Quit being ignorant.
Note the “/s”. It means end of sarcasm.
Oops my apologies. I thought the S was implying the same was the case in South Carolina.
Avoid granite counter tops. They SUCK.
Why so?
I love my granite countertops.
Granite is nice. Quartz is better. Non-porous. More resistant to stains. Doesn’t need to be sealed and resealed.
I just put granite in my new house. Love love love granite.
Just like your political views, your coutertop expertise is way off.
^countertop
Buying a little Crapstone here in the 0.97 range.
Howell Township next door to Marlboro NJ ?
Candlewood Commons inside Howell ?
Fly…Any chance we can get you to consider Texas? For what you are paying for a house in NJ we can get you a compound in Texas complete with your own oil field producing the finest blends of West Texas intermediate. Oh yea and we don’t pay state taxes. Remember that when you fork over 9% of your profits to NJ.
Can’t argue with anything you just said.
You more than make up for it (no state taxes) with property taxes that are insane.
Yeah, property taxes are real cheap in Joisey.
Amazing!! There are more self-proclaimed advisors about real estate than there are about pussy. Wondering? Is that because these advisors see more real estate than they do…. well, you know what I’m sayn.
While you rich, happy and complacent fucks talk about esoteric terms like Essex, Princeton and “housing”, I sit patiently clutching a blunt filled with green herbs and a laptop to watch the market tanking with overwhelming glee and bloodlust.
The hunger i feel from my lack of millions or even hundreds of thousands is a pain so deep and penetrating none of you all can fathom. I stand on the edge of the abyss knowing I have nothing to loose and everything to gain. The market tanking only makes my erection larger and larger until valuations are so low I am lulled to ejaculate all my cash in my scottstrade account.
I feel the time is approaching and soon I will stunt on you all while riding against my enemy’s in a brand new benz.
You have a way with words without peer. It is always good to be good, at something.
The Clam getting high, that is a visual I won’t get out of my head for awhile. Anyway, NFP data is just LAME phone surveys and stuff and is not very accurate based on revisions, so for a few months the Clam is not a bother to me even with this weak NFP. Greek and French Elections are a concern because people like to spend to fix things once they get into power..both coming in May.
Fly – It sounds like you sold at the right time.
If you can wait a while (read rent) you might be able to pick up a sweetheart deal as the next big foreclosure wave is ready to start: http://news.yahoo.com/americans-brace-next-foreclosure-wave-210253440.html
Good luck
Sir Fly Shit
Fuck Oil $ERY 10.58…..9.33
I’m sorry, but all I can think, given rap videos, is try Trenton, Philly’s next door, meet all those great rappers (hohoho – that was wrong – C-game).
Same EXACT situation here in coastal san diego.
The bottom occurred 4Q 2011 when everyone was capitulating especially the banks. Still, 2 years of flat pricing (like last bottom) would be good but will it happen?
The best investment I made when I renovated was putting Corian everywhere in the kitchen and the bathrooms. Counters and shower walls also. Very expensive but NO maintenance. Brazillian Cherry for the floors and custom cabinets. Again, very expensive, but beautiful on the eye.
Why is EXK getting crushed? Shouldn’t it be rallying on a market meltdown?
Facebook buys Instagram for a billy – how long until they screw it up?
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