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	<title>Comments on: Weekend Open Discussion II</title>
	<atom:link href="http://njrereport.com/index.php/2008/05/17/weekend-open-discussion-ii/feed/" rel="self" type="application/rss+xml" />
	<link>http://njrereport.com/index.php/2008/05/17/weekend-open-discussion-ii/</link>
	<description>Real Estate, Economics, and Politics</description>
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	<item>
		<title>By: Shore Guy</title>
		<link>http://njrereport.com/index.php/2008/05/17/weekend-open-discussion-ii/#comment-186135</link>
		<dc:creator>Shore Guy</dc:creator>
		<pubDate>Mon, 19 May 2008 03:48:14 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=3211#comment-186135</guid>
		<description>This is from the NY Times (I can&#039;t post the link from my handheld, but it can be found via Google news)

 Islamist candidates won 24 of 50 seats in Kuwait&#039;s parliamentary elections on Saturday, a gain of two seats over their total in the last round of elections there two years ago, according to official results released Sunday.

snip

I wonder what our friends, whom we liberated, might be thinking about us in a year or two and whetherthis development will have any effect on our economy.</description>
		<content:encoded><![CDATA[<p>This is from the NY Times (I can&#8217;t post the link from my handheld, but it can be found via Google news)</p>
<p> Islamist candidates won 24 of 50 seats in Kuwait&#8217;s parliamentary elections on Saturday, a gain of two seats over their total in the last round of elections there two years ago, according to official results released Sunday.</p>
<p>snip</p>
<p>I wonder what our friends, whom we liberated, might be thinking about us in a year or two and whetherthis development will have any effect on our economy.</p>
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		<title>By: Shore Guy</title>
		<link>http://njrereport.com/index.php/2008/05/17/weekend-open-discussion-ii/#comment-186134</link>
		<dc:creator>Shore Guy</dc:creator>
		<pubDate>Mon, 19 May 2008 03:45:33 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=3211#comment-186134</guid>
		<description>Islamist candidates won 24 of 50 seats in Kuwait&#039;s parliamentary elections on Saturday, a gain of two seats over their total in the last round of elections there two years ago, according to official results released Sunday.</description>
		<content:encoded><![CDATA[<p>Islamist candidates won 24 of 50 seats in Kuwait&#8217;s parliamentary elections on Saturday, a gain of two seats over their total in the last round of elections there two years ago, according to official results released Sunday.</p>
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	<item>
		<title>By: Shore Guy</title>
		<link>http://njrereport.com/index.php/2008/05/17/weekend-open-discussion-ii/#comment-186133</link>
		<dc:creator>Shore Guy</dc:creator>
		<pubDate>Mon, 19 May 2008 03:42:57 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=3211#comment-186133</guid>
		<description>Clot,

I see a poem in this somewhere:

...and there is no joy in Brigadoon, mighty Graydon&#039;s designer cleats couldn&#039;t save him from falling when Clot&#039;s thuggish band failed tp use the subjunctive case properly when telling Graydon just where they intended to stick the ball.

Well it needs some work, but I bet rhyming can get it in shape by morning.</description>
		<content:encoded><![CDATA[<p>Clot,</p>
<p>I see a poem in this somewhere:</p>
<p>&#8230;and there is no joy in Brigadoon, mighty Graydon&#8217;s designer cleats couldn&#8217;t save him from falling when Clot&#8217;s thuggish band failed tp use the subjunctive case properly when telling Graydon just where they intended to stick the ball.</p>
<p>Well it needs some work, but I bet rhyming can get it in shape by morning.</p>
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		<title>By: Clotpoll</title>
		<link>http://njrereport.com/index.php/2008/05/17/weekend-open-discussion-ii/#comment-186132</link>
		<dc:creator>Clotpoll</dc:creator>
		<pubDate>Mon, 19 May 2008 03:24:58 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=3211#comment-186132</guid>
		<description>BTW...I was out today, as my gang of thugs administered the latest in their biannual a**-whoopings to the Brigadoon 11.

3-1, game never in doubt.  The Brigadongs lay down and quit after we took the lead.

Of course, we were able to play because the game was at Brigadoon&#039;s state-of-the art turf field.  However, the (mild) rain did not agree with them.  They couldn&#039;t get in all their yoga stretches before kickoff.

Gary, you&#039;ll be proud to know that we made Graydon, Trip (and a couple of others) cry.

And, there&#039;s no crying in soccer.</description>
		<content:encoded><![CDATA[<p>BTW&#8230;I was out today, as my gang of thugs administered the latest in their biannual a**-whoopings to the Brigadoon 11.</p>
<p>3-1, game never in doubt.  The Brigadongs lay down and quit after we took the lead.</p>
<p>Of course, we were able to play because the game was at Brigadoon&#8217;s state-of-the art turf field.  However, the (mild) rain did not agree with them.  They couldn&#8217;t get in all their yoga stretches before kickoff.</p>
<p>Gary, you&#8217;ll be proud to know that we made Graydon, Trip (and a couple of others) cry.</p>
<p>And, there&#8217;s no crying in soccer.</p>
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		<title>By: Clotpoll</title>
		<link>http://njrereport.com/index.php/2008/05/17/weekend-open-discussion-ii/#comment-186131</link>
		<dc:creator>Clotpoll</dc:creator>
		<pubDate>Mon, 19 May 2008 03:18:38 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=3211#comment-186131</guid>
		<description>JMac-

Sorry I wasn&#039;t in today to defend you from the hordes.  I think many here, in assessing the rent/buy arbitrage, just don&#039;t take into full account the needs, desires and circumstances of people not necessarily in the same position as they are.

My gut- assuming the buyer isn&#039;t subject to AMT- is that someone in your position... with great credit, a good DP and a 5+ year expected occupancy horizon...can make a good buy these days.

The funny thing is, there aren&#039;t a lot of folks out there like you right now.  Ergo, you don&#039;t see a lot of transactions happening.

However, the fact that buyers like you are rare does not mean that you are wrong, or that your reasons for buying are not valid.</description>
		<content:encoded><![CDATA[<p>JMac-</p>
<p>Sorry I wasn&#8217;t in today to defend you from the hordes.  I think many here, in assessing the rent/buy arbitrage, just don&#8217;t take into full account the needs, desires and circumstances of people not necessarily in the same position as they are.</p>
<p>My gut- assuming the buyer isn&#8217;t subject to AMT- is that someone in your position&#8230; with great credit, a good DP and a 5+ year expected occupancy horizon&#8230;can make a good buy these days.</p>
<p>The funny thing is, there aren&#8217;t a lot of folks out there like you right now.  Ergo, you don&#8217;t see a lot of transactions happening.</p>
<p>However, the fact that buyers like you are rare does not mean that you are wrong, or that your reasons for buying are not valid.</p>
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		<title>By: Ambrose</title>
		<link>http://njrereport.com/index.php/2008/05/17/weekend-open-discussion-ii/#comment-186130</link>
		<dc:creator>Ambrose</dc:creator>
		<pubDate>Mon, 19 May 2008 02:37:51 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=3211#comment-186130</guid>
		<description>We were using Property Shark to find last sale info when looking at Middlesex County. Is there a similar site for Union County?</description>
		<content:encoded><![CDATA[<p>We were using Property Shark to find last sale info when looking at Middlesex County. Is there a similar site for Union County?</p>
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		<title>By: Ambrose</title>
		<link>http://njrereport.com/index.php/2008/05/17/weekend-open-discussion-ii/#comment-186129</link>
		<dc:creator>Ambrose</dc:creator>
		<pubDate>Mon, 19 May 2008 02:35:06 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=3211#comment-186129</guid>
		<description>#196 Bairen,

We&#039;re in a very similar position (lease up this fall, checking out Union County towns). Cranford is topping the list because we prefer a larger town and like its down-to-earth vibe. Although prices have come down a bit since last year, there are still many &quot;motivated&quot; sellers asking very unmotivating prices!</description>
		<content:encoded><![CDATA[<p>#196 Bairen,</p>
<p>We&#8217;re in a very similar position (lease up this fall, checking out Union County towns). Cranford is topping the list because we prefer a larger town and like its down-to-earth vibe. Although prices have come down a bit since last year, there are still many &#8220;motivated&#8221; sellers asking very unmotivating prices!</p>
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		<title>By: Joeycasz</title>
		<link>http://njrereport.com/index.php/2008/05/17/weekend-open-discussion-ii/#comment-186128</link>
		<dc:creator>Joeycasz</dc:creator>
		<pubDate>Mon, 19 May 2008 02:26:23 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=3211#comment-186128</guid>
		<description>&lt;i&gt;House Hunter Says: 
May 18th, 2008 at 2:07 pm 
Joeycasz, ask about current NJ state grants to first time homebuyers, I heard of a guy that was recently looking and noticed a phrase on the for sale sign about “grant available”. When he questioned what it meant, the realtor said people can qualify for up to $12,000 towards a down payment if they are a first time buyer…&lt;/i&gt;

Hmmmm, i&#039;m going to look into this. Thank you.</description>
		<content:encoded><![CDATA[<p><i>House Hunter Says:<br />
May 18th, 2008 at 2:07 pm<br />
Joeycasz, ask about current NJ state grants to first time homebuyers, I heard of a guy that was recently looking and noticed a phrase on the for sale sign about “grant available”. When he questioned what it meant, the realtor said people can qualify for up to $12,000 towards a down payment if they are a first time buyer…</i></p>
<p>Hmmmm, i&#8217;m going to look into this. Thank you.</p>
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		<title>By: NJGator</title>
		<link>http://njrereport.com/index.php/2008/05/17/weekend-open-discussion-ii/#comment-186127</link>
		<dc:creator>NJGator</dc:creator>
		<pubDate>Mon, 19 May 2008 02:15:46 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=3211#comment-186127</guid>
		<description>Can someone with GSMLS access please give me the street address of MLS#2517313?  It&#039;s bank owned in prestigious Glen Ridge.

Many thanks.</description>
		<content:encoded><![CDATA[<p>Can someone with GSMLS access please give me the street address of MLS#2517313?  It&#8217;s bank owned in prestigious Glen Ridge.</p>
<p>Many thanks.</p>
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		<title>By: bairen</title>
		<link>http://njrereport.com/index.php/2008/05/17/weekend-open-discussion-ii/#comment-186126</link>
		<dc:creator>bairen</dc:creator>
		<pubDate>Mon, 19 May 2008 02:11:36 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=3211#comment-186126</guid>
		<description>#194 Ambrose,

Cranford is still a possibility for us.  We haven&#039;t really started looking yet.  Our lease doesn&#039;t end till October so we&#039;re going to start looking more seriously in june or july.

We don&#039;t have an agent in that area yet.  

We actually don&#039;t know that much about Cranford.  We&#039;re planning on spending sometime in its downtown and going to some open houses over the next few months to get a feel of the place.

We&#039;re going to start hitting open houses starting next weekend.  We&#039;re going to look at Green Brook, Warren, New Providence, Berkeley Heights, Cranford, Westfield, Summit, Madison, and Chatham. (Not in the same weekend though)

I&#039;d prefer something in Cranford or on the midtown direct line in case I go back to working in NY.  

I actually commuted to NY from the Metuchen station for a few years.</description>
		<content:encoded><![CDATA[<p>#194 Ambrose,</p>
<p>Cranford is still a possibility for us.  We haven&#8217;t really started looking yet.  Our lease doesn&#8217;t end till October so we&#8217;re going to start looking more seriously in june or july.</p>
<p>We don&#8217;t have an agent in that area yet.  </p>
<p>We actually don&#8217;t know that much about Cranford.  We&#8217;re planning on spending sometime in its downtown and going to some open houses over the next few months to get a feel of the place.</p>
<p>We&#8217;re going to start hitting open houses starting next weekend.  We&#8217;re going to look at Green Brook, Warren, New Providence, Berkeley Heights, Cranford, Westfield, Summit, Madison, and Chatham. (Not in the same weekend though)</p>
<p>I&#8217;d prefer something in Cranford or on the midtown direct line in case I go back to working in NY.  </p>
<p>I actually commuted to NY from the Metuchen station for a few years.</p>
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		<title>By: bairen</title>
		<link>http://njrereport.com/index.php/2008/05/17/weekend-open-discussion-ii/#comment-186125</link>
		<dc:creator>bairen</dc:creator>
		<pubDate>Mon, 19 May 2008 02:00:06 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=3211#comment-186125</guid>
		<description>#192 Stu

Ouch.  i just saw the listing and was amazed there&#039;s something at 450k in millburn.  I thought a year ago there was hardly anything below 600k in millburn.  We didn&#039;t even consider Millbrnwith the high prices.</description>
		<content:encoded><![CDATA[<p>#192 Stu</p>
<p>Ouch.  i just saw the listing and was amazed there&#8217;s something at 450k in millburn.  I thought a year ago there was hardly anything below 600k in millburn.  We didn&#8217;t even consider Millbrnwith the high prices.</p>
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		<title>By: Ambrose</title>
		<link>http://njrereport.com/index.php/2008/05/17/weekend-open-discussion-ii/#comment-186124</link>
		<dc:creator>Ambrose</dc:creator>
		<pubDate>Mon, 19 May 2008 01:56:08 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=3211#comment-186124</guid>
		<description>Bairen,

I think you said at one point that you&#039;re looking at Cranford and were considering renting for a year to try out the town. Do I have that right? We&#039;re thinking of doing the same. Have you had any luck in finding rentals? Do you have an agent in the area you like? Also, how are you evaluating list prices? When we were looking in Metuchen, we&#039;d use Property Shark for last sale info, but I&#039;m not sure how to find that info for Union County. Any advice would be appreciated:-)</description>
		<content:encoded><![CDATA[<p>Bairen,</p>
<p>I think you said at one point that you&#8217;re looking at Cranford and were considering renting for a year to try out the town. Do I have that right? We&#8217;re thinking of doing the same. Have you had any luck in finding rentals? Do you have an agent in the area you like? Also, how are you evaluating list prices? When we were looking in Metuchen, we&#8217;d use Property Shark for last sale info, but I&#8217;m not sure how to find that info for Union County. Any advice would be appreciated:-)</p>
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		<title>By: njcoast</title>
		<link>http://njrereport.com/index.php/2008/05/17/weekend-open-discussion-ii/#comment-186123</link>
		<dc:creator>njcoast</dc:creator>
		<pubDate>Mon, 19 May 2008 01:44:41 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=3211#comment-186123</guid>
		<description>#189

Good luck to you Jumbo. It looks like the last mortgage on the house is $440,000.</description>
		<content:encoded><![CDATA[<p>#189</p>
<p>Good luck to you Jumbo. It looks like the last mortgage on the house is $440,000.</p>
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		<title>By: stu</title>
		<link>http://njrereport.com/index.php/2008/05/17/weekend-open-discussion-ii/#comment-186122</link>
		<dc:creator>stu</dc:creator>
		<pubDate>Mon, 19 May 2008 01:30:32 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=3211#comment-186122</guid>
		<description>180 Bairen - That 450k cape in Millburn is certainly not anywhere near a &quot;deal&quot;.  It&#039;s right on Millburn Ave and comes with a tax bill of $9400.  Ouch.</description>
		<content:encoded><![CDATA[<p>180 Bairen &#8211; That 450k cape in Millburn is certainly not anywhere near a &#8220;deal&#8221;.  It&#8217;s right on Millburn Ave and comes with a tax bill of $9400.  Ouch.</p>
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		<title>By: gefilte</title>
		<link>http://njrereport.com/index.php/2008/05/17/weekend-open-discussion-ii/#comment-186121</link>
		<dc:creator>gefilte</dc:creator>
		<pubDate>Mon, 19 May 2008 01:18:53 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=3211#comment-186121</guid>
		<description>can anyone recommend a professional asbestos inspector (for a residence in clifton)?</description>
		<content:encoded><![CDATA[<p>can anyone recommend a professional asbestos inspector (for a residence in clifton)?</p>
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