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	<title>Comments on: Lowball &#8211; May/June 2008</title>
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	<link>http://njrereport.com/index.php/2008/06/22/lowball-double-header-june-2008/</link>
	<description>Real Estate, Economics, and Politics</description>
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		<title>By: NJmind</title>
		<link>http://njrereport.com/index.php/2008/06/22/lowball-double-header-june-2008/#comment-195354</link>
		<dc:creator>NJmind</dc:creator>
		<pubDate>Tue, 24 Jun 2008 19:29:27 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=3256#comment-195354</guid>
		<description>great data.....how much  % &#039;low-balling&#039; should one do if making an offer in Union City. I might be interested in making an offer on - 4301 Park Avenue: Hudson View apartments...</description>
		<content:encoded><![CDATA[<p>great data&#8230;..how much  % &#8216;low-balling&#8217; should one do if making an offer in Union City. I might be interested in making an offer on &#8211; 4301 Park Avenue: Hudson View apartments&#8230;</p>
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		<title>By: Hiworld1</title>
		<link>http://njrereport.com/index.php/2008/06/22/lowball-double-header-june-2008/#comment-195223</link>
		<dc:creator>Hiworld1</dc:creator>
		<pubDate>Tue, 24 Jun 2008 14:50:01 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=3256#comment-195223</guid>
		<description>Great Data... can you please post excel spread sheet containing row data?
thanks,</description>
		<content:encoded><![CDATA[<p>Great Data&#8230; can you please post excel spread sheet containing row data?<br />
thanks,</p>
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		<title>By: Jill</title>
		<link>http://njrereport.com/index.php/2008/06/22/lowball-double-header-june-2008/#comment-195012</link>
		<dc:creator>Jill</dc:creator>
		<pubDate>Mon, 23 Jun 2008 20:46:55 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=3256#comment-195012</guid>
		<description>CF #31:  Thanks for the answer to a question I&#039;ve been wondering every time I watch the Mets on SNY.  :)

I&#039;m not surprised about Willie.  I love Willie but his monotonal platitudes were getting to me too.  At least Jerry Manuel is a middle-aged guy talking about &quot;gangsta.&quot;  That&#039;s colorful, that&#039;s what Noo Yawkers (i.e.  the &quot;Jerome Zone&quot;) want.  :rolls eyes:</description>
		<content:encoded><![CDATA[<p>CF #31:  Thanks for the answer to a question I&#8217;ve been wondering every time I watch the Mets on SNY.  :)</p>
<p>I&#8217;m not surprised about Willie.  I love Willie but his monotonal platitudes were getting to me too.  At least Jerry Manuel is a middle-aged guy talking about &#8220;gangsta.&#8221;  That&#8217;s colorful, that&#8217;s what Noo Yawkers (i.e.  the &#8220;Jerome Zone&#8221;) want.  :rolls eyes:</p>
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		<title>By: GetAClueNJ</title>
		<link>http://njrereport.com/index.php/2008/06/22/lowball-double-header-june-2008/#comment-194810</link>
		<dc:creator>GetAClueNJ</dc:creator>
		<pubDate>Mon, 23 Jun 2008 14:14:10 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=3256#comment-194810</guid>
		<description>I didn&#039;t see my neighbors house on there, but it could be.  I don&#039;t know the listing number, but it&#039;s in Hillsborough.  OLP was $365,000 and it took about 14-15 months to sell, and finally sold at $302,000

I think it was under contract 3 times but the buyers couldn&#039;t get financing, and the 4th time was the charm.</description>
		<content:encoded><![CDATA[<p>I didn&#8217;t see my neighbors house on there, but it could be.  I don&#8217;t know the listing number, but it&#8217;s in Hillsborough.  OLP was $365,000 and it took about 14-15 months to sell, and finally sold at $302,000</p>
<p>I think it was under contract 3 times but the buyers couldn&#8217;t get financing, and the 4th time was the charm.</p>
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		<title>By: ruggles</title>
		<link>http://njrereport.com/index.php/2008/06/22/lowball-double-header-june-2008/#comment-194763</link>
		<dc:creator>ruggles</dc:creator>
		<pubDate>Mon, 23 Jun 2008 10:58:00 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=3256#comment-194763</guid>
		<description>103 -- well then its his daughter or executrix. whatever. I actually dont think i care as much as you do.  she still gets junk mail here and she has the same last name as the seller in 04 but I guess thats just a coincidence. let me know what else I can tell you about myself, you seem quite consumed with me and trying to catch me in lies. 

You&#039;re the one who brought up the 2004 sale as if it was proof of your argument and then have tried to shoot me down everytime I give an explanation. I&#039;m guessing you think you&#039;re perfect. I wonder if you ever admit you are wrong. probably not on blogs.

I&#039;m still waiting for comps to show that my house is worthless and now I&#039;d like a copy of the mls listing for the 2004 sale. or maybe you have the fsbo sign that was hanging on the door in 2004 in one of your databases?  

I will gladly say I&#039;m sorry if I could see proof of my mistakes. I certainly could be wrong but the story I was told is that the seller got the house from his aunt, we&#039;re getting the mail of a woman with the same last name as the 04 seller, and they knew her at the library. whatever the case, as far as i know, it wasnt an arms length transaction which means its not a comp--somehow the house sold by itself without the benefit of competition from buyers. maybe it was witchcraft.

 Also, please let everyone know what the house next door to me is under contract for. hopefully she will get over 300k for it but maybe not. not with that comp you mentioned around the corner from us and not with my house that I couldnt get a mortgage on.</description>
		<content:encoded><![CDATA[<p>103 &#8212; well then its his daughter or executrix. whatever. I actually dont think i care as much as you do.  she still gets junk mail here and she has the same last name as the seller in 04 but I guess thats just a coincidence. let me know what else I can tell you about myself, you seem quite consumed with me and trying to catch me in lies. </p>
<p>You&#8217;re the one who brought up the 2004 sale as if it was proof of your argument and then have tried to shoot me down everytime I give an explanation. I&#8217;m guessing you think you&#8217;re perfect. I wonder if you ever admit you are wrong. probably not on blogs.</p>
<p>I&#8217;m still waiting for comps to show that my house is worthless and now I&#8217;d like a copy of the mls listing for the 2004 sale. or maybe you have the fsbo sign that was hanging on the door in 2004 in one of your databases?  </p>
<p>I will gladly say I&#8217;m sorry if I could see proof of my mistakes. I certainly could be wrong but the story I was told is that the seller got the house from his aunt, we&#8217;re getting the mail of a woman with the same last name as the 04 seller, and they knew her at the library. whatever the case, as far as i know, it wasnt an arms length transaction which means its not a comp&#8211;somehow the house sold by itself without the benefit of competition from buyers. maybe it was witchcraft.</p>
<p> Also, please let everyone know what the house next door to me is under contract for. hopefully she will get over 300k for it but maybe not. not with that comp you mentioned around the corner from us and not with my house that I couldnt get a mortgage on.</p>
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		<title>By: njpatient</title>
		<link>http://njrereport.com/index.php/2008/06/22/lowball-double-header-june-2008/#comment-194753</link>
		<dc:creator>njpatient</dc:creator>
		<pubDate>Mon, 23 Jun 2008 04:21:01 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=3256#comment-194753</guid>
		<description>It&#039;s a long way to Wally World.</description>
		<content:encoded><![CDATA[<p>It&#8217;s a long way to Wally World.</p>
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		<title>By: jmacdaddio</title>
		<link>http://njrereport.com/index.php/2008/06/22/lowball-double-header-june-2008/#comment-194752</link>
		<dc:creator>jmacdaddio</dc:creator>
		<pubDate>Mon, 23 Jun 2008 03:46:13 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=3256#comment-194752</guid>
		<description>You know, Hugo Chavez could probably win a major post here because in Venezuela, gas prices are subsidized to 12 cents a gallon.  Or something like that.

http://www.nj.com/news/index.ssf/2008/06/protesters_in_newark_rally_aga.html</description>
		<content:encoded><![CDATA[<p>You know, Hugo Chavez could probably win a major post here because in Venezuela, gas prices are subsidized to 12 cents a gallon.  Or something like that.</p>
<p><a href="http://www.nj.com/news/index.ssf/2008/06/protesters_in_newark_rally_aga.html" rel="nofollow">http://www.nj.com/news/index.ssf/2008/06/protesters_in_newark_rally_aga.html</a></p>
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		<title>By: Laughing all the way</title>
		<link>http://njrereport.com/index.php/2008/06/22/lowball-double-header-june-2008/#comment-194751</link>
		<dc:creator>Laughing all the way</dc:creator>
		<pubDate>Mon, 23 Jun 2008 02:24:45 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=3256#comment-194751</guid>
		<description>man, i had no clue that was that long!</description>
		<content:encoded><![CDATA[<p>man, i had no clue that was that long!</p>
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		<title>By: Laughing all the way</title>
		<link>http://njrereport.com/index.php/2008/06/22/lowball-double-header-june-2008/#comment-194750</link>
		<dc:creator>Laughing all the way</dc:creator>
		<pubDate>Mon, 23 Jun 2008 02:24:27 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=3256#comment-194750</guid>
		<description>&lt;i&gt;That’s the kind of place I’d live in for eight years and then sell to someone trying to get into the neighborhood on the next leg up. But I’m cheap.&lt;/i&gt;

This is interesting. Had this thought where, since we&#039;re two years away from kids, and won&#039;t be sending kids to school for at least 6-7 more years, why not get a starter house in not the greatest school district and then upgrade in a decade? 

Logic: We&#039;ve saved forever. I&#039;m a negative nancy and think that if one thing falls into place over the next month (it&#039;s about 85% done), we&#039;ll probably be better financially now than ever. 

I fear that if we - or anyone - buys a place now, it might not rise in value at a significant rate in a decade. Not to be too negative - but what if you sink 20% down now, and in 10 years go to sell the place and all you can make is 150k? Factoring in kids, randomness, all that ... coming up with that DP in 10 years for a bigger house might not be that easy.

Our strategy - maybe dense - is to sink a 25-30% downpayment now on a slightly bigger house, and keep our mortgage payment on the 30yr loan in the 2500 range. 

We don&#039;t have conventional jobs - nor do we really seek them - like many on this board, and where you&#039;re a VP or whatever in company x, working a safe 10-6 for the rest of your life, clocking x salary. Thus the all-in now mentality. 

(also, that 20-30% down wouldn&#039;t clean us out now and leave us with no reserve - we have that 6 months &quot;emergency money&quot; stashed away. renting and being &quot;thrifty&quot; or &quot;cheap&quot; for the last few years, plus parents who took care of the wedding, really helped.)</description>
		<content:encoded><![CDATA[<p><i>That’s the kind of place I’d live in for eight years and then sell to someone trying to get into the neighborhood on the next leg up. But I’m cheap.</i></p>
<p>This is interesting. Had this thought where, since we&#8217;re two years away from kids, and won&#8217;t be sending kids to school for at least 6-7 more years, why not get a starter house in not the greatest school district and then upgrade in a decade? </p>
<p>Logic: We&#8217;ve saved forever. I&#8217;m a negative nancy and think that if one thing falls into place over the next month (it&#8217;s about 85% done), we&#8217;ll probably be better financially now than ever. </p>
<p>I fear that if we &#8211; or anyone &#8211; buys a place now, it might not rise in value at a significant rate in a decade. Not to be too negative &#8211; but what if you sink 20% down now, and in 10 years go to sell the place and all you can make is 150k? Factoring in kids, randomness, all that &#8230; coming up with that DP in 10 years for a bigger house might not be that easy.</p>
<p>Our strategy &#8211; maybe dense &#8211; is to sink a 25-30% downpayment now on a slightly bigger house, and keep our mortgage payment on the 30yr loan in the 2500 range. </p>
<p>We don&#8217;t have conventional jobs &#8211; nor do we really seek them &#8211; like many on this board, and where you&#8217;re a VP or whatever in company x, working a safe 10-6 for the rest of your life, clocking x salary. Thus the all-in now mentality. </p>
<p>(also, that 20-30% down wouldn&#8217;t clean us out now and leave us with no reserve &#8211; we have that 6 months &#8220;emergency money&#8221; stashed away. renting and being &#8220;thrifty&#8221; or &#8220;cheap&#8221; for the last few years, plus parents who took care of the wedding, really helped.)</p>
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		<title>By: alia</title>
		<link>http://njrereport.com/index.php/2008/06/22/lowball-double-header-june-2008/#comment-194749</link>
		<dc:creator>alia</dc:creator>
		<pubDate>Mon, 23 Jun 2008 02:14:07 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=3256#comment-194749</guid>
		<description>63: i think we agree more than disagree. i just don&#039;t see how mining *can* be done safely. 

i have no personal experience with modern mining technology, so i admit that&#039;s my ignorance rather than me saying it can&#039;t be done. 

but i just did a google search for &quot;mine accident&quot; and found the gov&#039;t website about mine injuries, circa 2006.

in 2006, among coal miners, there were 42 deaths,  4451 injuries (excluding office workers. office workers didn&#039;t die, but they did have 6 injuries)... no idea how this compares to other dangerous jobs. but even with our modern tech, it looks like it is a dangerous, sometimes deadly job.

http://www.msha.gov/accinj/accinj.htm

...now i may have to go research the accident rate of other jobs. darn you, fiddy, making me curious enough to back up my opinions with actual numbers! bah... ;)

the link above is interesting for the bureucratic handling of accidental death and dismemberment, if you&#039;re in that sort of a mood...</description>
		<content:encoded><![CDATA[<p>63: i think we agree more than disagree. i just don&#8217;t see how mining *can* be done safely. </p>
<p>i have no personal experience with modern mining technology, so i admit that&#8217;s my ignorance rather than me saying it can&#8217;t be done. </p>
<p>but i just did a google search for &#8220;mine accident&#8221; and found the gov&#8217;t website about mine injuries, circa 2006.</p>
<p>in 2006, among coal miners, there were 42 deaths,  4451 injuries (excluding office workers. office workers didn&#8217;t die, but they did have 6 injuries)&#8230; no idea how this compares to other dangerous jobs. but even with our modern tech, it looks like it is a dangerous, sometimes deadly job.</p>
<p><a href="http://www.msha.gov/accinj/accinj.htm" rel="nofollow">http://www.msha.gov/accinj/accinj.htm</a></p>
<p>&#8230;now i may have to go research the accident rate of other jobs. darn you, fiddy, making me curious enough to back up my opinions with actual numbers! bah&#8230; ;)</p>
<p>the link above is interesting for the bureucratic handling of accidental death and dismemberment, if you&#8217;re in that sort of a mood&#8230;</p>
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		<title>By: willwork4beer</title>
		<link>http://njrereport.com/index.php/2008/06/22/lowball-double-header-june-2008/#comment-194748</link>
		<dc:creator>willwork4beer</dc:creator>
		<pubDate>Mon, 23 Jun 2008 02:08:30 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=3256#comment-194748</guid>
		<description>72 oops

You&#039;re right, as usual.  

Edward is married.  To Elanora.  The records make that pretty clear.  

Now go back to lurking.  Please.</description>
		<content:encoded><![CDATA[<p>72 oops</p>
<p>You&#8217;re right, as usual.  </p>
<p>Edward is married.  To Elanora.  The records make that pretty clear.  </p>
<p>Now go back to lurking.  Please.</p>
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		<title>By: chicagofinance</title>
		<link>http://njrereport.com/index.php/2008/06/22/lowball-double-header-june-2008/#comment-194747</link>
		<dc:creator>chicagofinance</dc:creator>
		<pubDate>Mon, 23 Jun 2008 02:06:10 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=3256#comment-194747</guid>
		<description>Uncle Matt hooked me up tomorrow...got me some Felix vs. Johan and only 2 in the loss column..........$8 beers on me...</description>
		<content:encoded><![CDATA[<p>Uncle Matt hooked me up tomorrow&#8230;got me some Felix vs. Johan and only 2 in the loss column&#8230;&#8230;&#8230;.$8 beers on me&#8230;</p>
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		<title>By: willwork4beer</title>
		<link>http://njrereport.com/index.php/2008/06/22/lowball-double-header-june-2008/#comment-194746</link>
		<dc:creator>willwork4beer</dc:creator>
		<pubDate>Mon, 23 Jun 2008 02:01:21 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=3256#comment-194746</guid>
		<description>82 Fiddy

Already have my seats for the 12th.  Between home and the first base dugout.  Shady-side.  ;)</description>
		<content:encoded><![CDATA[<p>82 Fiddy</p>
<p>Already have my seats for the 12th.  Between home and the first base dugout.  Shady-side.  ;)</p>
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		<title>By: willwork4beer</title>
		<link>http://njrereport.com/index.php/2008/06/22/lowball-double-header-june-2008/#comment-194745</link>
		<dc:creator>willwork4beer</dc:creator>
		<pubDate>Mon, 23 Jun 2008 01:58:31 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=3256#comment-194745</guid>
		<description>86 Bob

I was at a Sussex Skyhawks game last year where they were auctioning off luxury boxes.  If I understood it correctly, the minimum bid of 50 bucks had a chance...</description>
		<content:encoded><![CDATA[<p>86 Bob</p>
<p>I was at a Sussex Skyhawks game last year where they were auctioning off luxury boxes.  If I understood it correctly, the minimum bid of 50 bucks had a chance&#8230;</p>
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		<title>By: lostinny</title>
		<link>http://njrereport.com/index.php/2008/06/22/lowball-double-header-june-2008/#comment-194744</link>
		<dc:creator>lostinny</dc:creator>
		<pubDate>Mon, 23 Jun 2008 01:57:08 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=3256#comment-194744</guid>
		<description>I can just imagine the trouble I&#039;ll get in.</description>
		<content:encoded><![CDATA[<p>I can just imagine the trouble I&#8217;ll get in.</p>
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