Monthly Archives: May 2006

Flippers Flop

Posted in General | 45 Comments

From the Palm Beach Post: Home flippers’ investments flop “Joe Passarelli wakes up anxious and sweaty some nights, wondering how much longer it will take to sell his never-lived-in townhouse south of Stuart.” “Despite slashing his asking price by $55,000 … Continue reading

Two Hour Commute?

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From the NY Times: Bigger Houses, Longer Commutes “ON weekdays, Julie Kroloff sets the coffee maker for 5:45 a.m., then speeds through her kitchen in Hopewell Junction, N.Y., and grabs a cup to fortify herself for the long drive ahead. … Continue reading

Two Hour Commute?

Posted in General | 32 Comments

From the NY Times: Bigger Houses, Longer Commutes “ON weekdays, Julie Kroloff sets the coffee maker for 5:45 a.m., then speeds through her kitchen in Hopewell Junction, N.Y., and grabs a cup to fortify herself for the long drive ahead. … Continue reading

Weekend Open Discussion

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Observations about your local areas, comments on news stories or the New Jersey housing bubble, Open House reports, etc. If you have any questions you wanted to ask earlier in the week but never posted them up, let’s have them. … Continue reading

Weekend Open Discussion

Posted in General | 59 Comments

Observations about your local areas, comments on news stories or the New Jersey housing bubble, Open House reports, etc. If you have any questions you wanted to ask earlier in the week but never posted them up, let’s have them. … Continue reading

Bonner on Housing

Posted in General | 22 Comments

From Lew Rockwell: Lifting IQs “Nothing lifts I.Q.s more than a property boom.” “America’s real estate bubble has created a whole nation of geniuses…people who think they are smart because their houses have gone up in price. And the smartest … Continue reading

Bonner on Housing

Posted in General | 22 Comments

From Lew Rockwell: Lifting IQs “Nothing lifts I.Q.s more than a property boom.” “America’s real estate bubble has created a whole nation of geniuses…people who think they are smart because their houses have gone up in price. And the smartest … Continue reading

Greenspan: Housing Boom Is Over

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From Reuters: Greenspan says US housing boom is over “Former Federal Reserve Chairman Alan Greenspan said on Thursday that the “extraordinary” boom in the U.S. housing market in recent years is over.” “”This has been quite an extraordinary boom,” Greenspan … Continue reading

Greenspan: Housing Boom Is Over

Posted in General | 34 Comments

From Reuters: Greenspan says US housing boom is over “Former Federal Reserve Chairman Alan Greenspan said on Thursday that the “extraordinary” boom in the U.S. housing market in recent years is over.” “”This has been quite an extraordinary boom,” Greenspan … Continue reading

Price Reduced 5/8 – 5/18

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Welcome to another edition of Price Reduced! For all the newcomers to this blog, Price Reduced! takes a look at a handful of significant price reductions across Northern NJ. The purpose of this exercise is to serve as proof that … Continue reading

Price Reduced 5/8 – 5/18

Posted in General | 20 Comments

Welcome to another edition of Price Reduced! For all the newcomers to this blog, Price Reduced! takes a look at a handful of significant price reductions across Northern NJ. The purpose of this exercise is to serve as proof that … Continue reading

Holy Housing Jersey City

Posted in General | 8 Comments

From the NY Post: “Jersey City is about more than office parks these days. The city across the Hudson from Manhattan is seeing a residential construction boom and soon might be known for its abundance of new condos and rental … Continue reading

Holy Housing Jersey City

Posted in General | 8 Comments

From the NY Post: “Jersey City is about more than office parks these days. The city across the Hudson from Manhattan is seeing a residential construction boom and soon might be known for its abundance of new condos and rental … Continue reading

Mortgage Delinquencies Rising

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From the Wall Street Journal By RUTH SIMON May 18, 2006; Page D1 “Soaring housing prices and aggressive mortgage lending have saddled home buyers with ever greater levels of debt, and early signs are now emerging that more people are … Continue reading

“Highlands Act confiscates the value of my property”`

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From the Times Trenton: Restrictive Highlands Act A Letter From Constance Bartel “The Highlands Act confiscates the value of my property, and I strenuously object. The sanctity of private property is a cherished American principle. It is at the heart … Continue reading