Monthly Archives: January 2009

Tough decisions… Painful cuts…

Posted on January 7, 2009 by grim
Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 206 Comments

From the Daily Journal: New Jersey cuts will hurt homeowners Gov. Jon S. Corzine wants to cut school aid by $75 million and aid to cities by $15 million to help close a $2.1 billion budget gap. There’s no question … Continue reading →

Cheap Thrift is the new black

Posted on January 6, 2009 by grim
Posted in Economics, National Real Estate | 361 Comments

From the Wall Street Journal: Hard-Hit Families Finally Start Saving, Aggravating Nation’s Economic Woes Rick and Noreen Capp recently reduced their credit-card debt, opened a savings account and stopped taking their two children to restaurants. Jessica and Alan Muir have … Continue reading →

“It’s a very sad time for everybody.”

Posted on January 5, 2009 by grim
Posted in Economics, Housing Bubble, Shore Real Estate | 297 Comments

From the Asbury Park Press: The Shore’s economy is expected to slump in 2009 The Shore’s economy is expected to tumble again in 2009 as consumers, worried about falling home prices, reeling from investment losses and bracing for possible layoffs, … Continue reading →

Weekend Open Discussion

Posted on January 2, 2009 by grim
Posted in General | 315 Comments

This is the time and place to post observations about your local areas, comments on news stories or the New Jersey housing market, open house reports, etc. If you have any questions you wanted to ask earlier in the week … Continue reading →

As goes Wall Street…

Posted on January 1, 2009 by grim
Posted in Economics, Housing Bubble, National Real Estate | 118 Comments

From Reuters: As Wall Street suffers, so does nearby New Jersey The Wall Street upheaval that has depressed New York City’s high-flying real estate market is also slowing property sales and lowering prices right across the river in the state … Continue reading →