Comments on: Comp Killer: WSJ Edition (or How You Can’t Go Wrong With Jersey Shore) http://njrereport.com/index.php/2010/02/03/comp-killer-wsj-edition-or-how-you-cant-go-wrong-with-jersey-shore/ Real Estate, Economics, and Politics Fri, 25 May 2012 01:39:19 +0000 hourly 1 http://wordpress.org/?v=3.0 By: meter http://njrereport.com/index.php/2010/02/03/comp-killer-wsj-edition-or-how-you-cant-go-wrong-with-jersey-shore/#comment-364938 meter Thu, 04 Feb 2010 12:06:20 +0000 http://njrereport.com/?p=5105#comment-364938 244 is one of those types who can talk for hours on EMT and supply curves but can't balance his own checkbook. 244 is one of those types who can talk for hours on EMT and supply curves but can’t balance his own checkbook.

]]> By: freedy http://njrereport.com/index.php/2010/02/03/comp-killer-wsj-edition-or-how-you-cant-go-wrong-with-jersey-shore/#comment-364929 freedy Thu, 04 Feb 2010 11:03:33 +0000 http://njrereport.com/?p=5105#comment-364929 wait until you receive the maintenance increases. 750k townhouse, insane i pass this is a big mistake. wait until you receive the maintenance
increases.

750k townhouse, insane i pass this is a big mistake.

]]> By: Veto That http://njrereport.com/index.php/2010/02/03/comp-killer-wsj-edition-or-how-you-cant-go-wrong-with-jersey-shore/#comment-364917 Veto That Thu, 04 Feb 2010 05:33:51 +0000 http://njrereport.com/?p=5105#comment-364917 "the condo is over 750k" Ask for small parking spot discount immediately. aka $100K reduction. Make sure you are buying for 2002-2003 prices or you will be sorry you ever bought that overpriced pile of styrofoam. “the condo is over 750k”

Ask for small parking spot discount immediately.
aka $100K reduction.
Make sure you are buying for 2002-2003 prices or you will be sorry you ever bought that overpriced pile of styrofoam.

]]> By: parking http://njrereport.com/index.php/2010/02/03/comp-killer-wsj-edition-or-how-you-cant-go-wrong-with-jersey-shore/#comment-364916 parking Thu, 04 Feb 2010 04:51:16 +0000 http://njrereport.com/?p=5105#comment-364916 I need some advice. We have made an offer (accepted) on a condo and are in attorney review - we have just been advised of our parking spot and it is a compact spot - 16x7.6 feet long - right by the opening and a minivan (16' 10") would protrude 1 foot into the opening - all the other spots are full-size 18x8.6- the spots were assigned first come first serve basis however we were not advised when we made the offer that one of the spots is smaller than the rest - while we do not yet have a car we do have 2 kids and plan to get a minivan or suv - should we pull out of the sale - we may be able to get by with a smaller vehicle but i suspect it will impact the resale value - the condo is a 3 bedroom - so we would expect just families (with large cars) to buy - should we walk away or negotiate a reduction in price and if so how much - the condo is over 750k I need some advice. We have made an offer (accepted) on a condo and are in attorney review – we have just been advised of our parking spot and it is a compact spot – 16×7.6 feet long – right by the opening and a minivan (16′ 10″) would protrude 1 foot into the opening – all the other spots are full-size 18×8.6- the spots were assigned first come first serve basis however we were not advised when we made the offer that one of the spots is smaller than the rest – while we do not yet have a car we do have 2 kids and plan to get a minivan or suv – should we pull out of the sale – we may be able to get by with a smaller vehicle but i suspect it will impact the resale value – the condo is a 3 bedroom – so we would expect just families (with large cars) to buy – should we walk away or negotiate a reduction in price and if so how much – the condo is over 750k

]]> By: http://www.nj.com Sign in to nj.com » Not a member? Register Now » Close Sign in to nj.com Username Password Remember me I forgot my username or password » Don't have an account? Register now for free, or sign in using your AIM or Google account! http://njrereport.com/index.php/2010/02/03/comp-killer-wsj-edition-or-how-you-cant-go-wrong-with-jersey-shore/#comment-364915 http://www.nj.com Sign in to nj.com » Not a member? Register Now » Close Sign in to nj.com Username Password Remember me I forgot my username or password » Don't have an account? Register now for free, or sign in using your AIM or Google account! Thu, 04 Feb 2010 04:32:23 +0000 http://njrereport.com/?p=5105#comment-364915 http://www.nj.com Sign in to nj.com » Not a member? Register Now » Close Sign in to nj.com Username Password Remember me I forgot my username or password » Don't have an account? Register now for free, or sign in using your AIM or Google account! * Site Search * Search Local Business Listings Home News Weather Sports Entertainment Living Interact Jobs Autos Real Estate Classifieds Shop Place an ad * News * * Business * * Columns * Education * Forums * National * Obituaries * Opinion * Politics * Star-Ledger * Weird news * More news New Jersey Business News Latest local and international economic news, market & financial reports Real-time news » N.J. loses $70B in wealth over four years as residents leave state at brisk pace By Leslie Kwoh/The Star-Ledger February 03, 2010, 8:10PM More than $70 billion in wealth left New Jersey between 2004 and 2008 as affluent residents moved elsewhere, according to a report released Wednesday that marks a swift reversal of fortune for a state once considered the nation’s wealthiest. Conducted by the Center on Wealth and Philanthropy at Boston College, the report found wealthy households in New Jersey were leaving for other states — mainly Florida, Pennsylvania and New York — at a faster rate than they were being replaced. “The wealth is not being replaced,” said John Havens, who directed the study. “It’s above and beyond the general trend that is affecting the rest of the northeast.” This was not always the case. The study – the first on interstate wealth migration in the country — noted the state actually saw an influx of $98 billion in the five years preceding 2004. The exodus of wealth, then, local experts and economists concluded, was a reaction to a series of changes in the state’s tax structure — including increases in the income, sales, property and “millionaire” taxes. nj-wealth-dennis-bone.JPGJOHN O'BOYLE/THE STAR-LEDGERDennis Bone, president of Verizon New Jersey, inside his Newark office in 2004. “This study makes it crystal clear that New Jersey’s tax policies are resulting in a significant decline in the state’s wealth,” said Dennis Bone, chairman of the New Jersey Chamber of Commerce and president of Verizon New Jersey. The Boston College report is the first on interstate wealth migration in the country. Wealth includes assets such as real estate, stocks, bonds, 401ks, mutual funds and vehicles. The report was commissioned by the state Chamber of Commerce and the Community Foundation of New Jersey to study the effects of wealth migration on charitable giving after executives noticed more affluent philanthropists were moving away. But economists say there are many other implications for the state’s financial health. Wealthy residents are a key driver for everything from job creation and consumer spending to the real estate market and the state budget, said Jim Hughes, dean of the Edward J. Bloustein School of Planning and Public Policy at Rutgers University. In New Jersey, the top 1 percent of taxpayers pay more than 40 percent of the state’s income tax, he said. “That’s probably why we have these massive income shortfalls in the state budget, especially this year,” he said. Until the tax structure is improved, he said, “we’ll probably see a continuation of the trend, until there are no more high-wealth individuals left.” He added the report reinforces findings from a similar study he conducted in 2007 with fellow Rutgers professor Joseph Seneca, which found a sharp acceleration in residents leaving the state. That report, which focused on income rather than wealth, found the state lost nearly $8 billion in gross income in 2005. Findings from the report show that about 302,780 households left New Jersey between 2004 and 2008, only slightly lower than the 323,350 households that moved into the state. However, the average net worth of the departing households was about 70 percent higher, at $618,330. Those who left were also more likely to be older and more educated, with jobs as entrepreneurs or in the finance and professional industries, the study found. Those replacing them tended to hold management or support jobs in the manufacturing industry. The study analyzed data from three main sources: The Federal Reserve’s Survey on Consumer Finances, the Census Bureau and the Internal Revenue Service. Experts pointed to a wealth of anecdotal evidence to support the numbers. Ken Hydock, a certified public accountant with Sobel and Company in Livingston, said in this 30-year-career he’s never seen so many of his wealthy clients leave for states like Florida, where property taxes are lower and there is no personal income or estate tax. In New Jersey, residents pay an estate tax if their assets amount to more than $675,000. That’s compared to a $3.5 million federal exemption for 2009. Several years ago, he recalled, one of his clients stood to make $60 million from stock options in a company that was being acquired by another. Before he cashed out, however, the client put his home up for sale, moved to Las Vegas, and “never stepped foot back in New Jersey again,” Hydock said. “He avoided paying about $6 million in taxes,” he said. “He passed away two years later and also saved a huge estate tax, so he probably saved $7 million.” Meanwhile, Gov. Chris Christie’s administration said the report is just another reminder of the difficult tasks ahead. “It’s the consequence that we’ve been talking about for so long, of the spending and taxing habits that we’ve all experienced,” said Mike Drewniak, a spokesman for Christie. “It’s the sort of thing that we feel the need to stop so we can get New Jersey back on a prosperous path.” Staff reporter Lisa Fleisher contributed to this report Related coverage: Rutgers University economists say it could take seven years to recover from recession RecommendRecommend (1) Print this Email this Share this: Previous story: Former Bristol-Myers Squibb employee in N.Y. is charged with stealing trade secrets Comments (50 total) RSS Post a comment Oldest comments are shown first. Show newest comments first Next comments » 1 | 2 | 3 learn3drive Posted by learn3drive February 03, 2010, 8:09PM Well, just tax the remaining rich folk. And if there isn't enough revenue, then lower the definition of "rich". Eventually our goal will be met, and we will all be lower class except for the politically connected. Inappropriate comment? Alert us. Reply to this comment | Post a new comment steveb1969 Posted by steveb1969 February 03, 2010, 9:40PM Last one out of NJ, turn off the lights! Inappropriate comment? Alert us. Reply to this comment | Post a new comment corzinejerky Posted by corzinejerky February 03, 2010, 8:29PM This is all that jerk Bearded Buffoon's fault. He was the gov the last four years and he let this happen on his watch. He helped no one in NJ except his girlfriend and people in union. He should be brought up on charges for being an incompetent buffoon. Where's the law when we need it?? Inappropriate comment? Alert us. Reply to this comment | Post a new comment drlg25 Posted by ed February 03, 2010, 8:33PM I have been saying this for years. The house of cards is about to fall. Maybe Jon Shure can continue his rant to tax the wealthy. Maybe we can continue the crazy pension system in the country. Maybe we can continue to keep useless County government. We need to have real jobs for real people. Save us Christie Inappropriate comment? Alert us. Reply to this comment | Post a new comment drlg25 Posted by ed February 03, 2010, 8:35PM PS South Carolina her I come. I am tired of paying pensions for hundreds of Police chiefs,fireman,school supers and county execs. I can't wait to go. Inappropriate comment? Alert us. Reply to this comment | Post a new comment nephewplease Posted by nephewplease February 03, 2010, 8:36PM Could you please provide us with a plan for ridding the state of the poor and keeping the middle class and rich.. I'm so tired of working to pay for generation after generation of people on the public dole. Let some other enjoy them for a little while. Its not fair that we hog them. Inappropriate comment? Alert us. Reply to this comment | Post a new comment Ephemeraz Posted by Napier1 February 03, 2010, 8:38PM Damn! I cannot wait until retirement allows me to do the same!!! Just a couple of more years. My needs are few, a small house with enough fenced back yard to share with 3 dogs. No "adult community living" for me, and goodbye to the ever-growing tax and insurance bills. Love you, NJ, but you don't love me. Inappropriate comment? Alert us. Reply to this comment | Post a new comment WantedforFraud Posted by Wanted for Fraud: Fannie Mae's Pimp February 03, 2010, 8:39PM Tings in NJ theem pwetty good to me: In fact, Demokwattic wending pwactices have made weal estate pwices tho depwessed wight now, and dwopping maw and maw each day, that thoon each and ev-wee house in New Jersey will be EXTWEEMLY affawdable, even to the av-widge buyer, if I do thay tho mythelf! Inappropriate comment? Alert us. Reply to this comment | Post a new comment TrollsAreFun Posted by TrollsAreFun February 03, 2010, 9:41PM Outrageous! Start a blog! Haven't laughed this hard in a while. Inappropriate comment? Alert us. Reply to this comment | Post a new comment 30-378mag Posted by 30-378mag February 03, 2010, 8:40PM And this is supposed to be a surprise? Keep raping the ones who work for their money and giving it to the ones who don't work for their money and this is what happens. Like our state keeps getting worse so does the country! Obama will put us all in the poor house!!! Inappropriate comment? Alert us. Reply to this comment | Post a new comment whanright Posted by ogpbill February 03, 2010, 8:42PM Now if they made these people who leave place an orange sticker on thier license plate, then we could stop them before they escape. Inappropriate comment? Alert us. Reply to this comment | Post a new comment illhavemine Posted by illhavemine February 03, 2010, 8:47PM Start consolidating...There are 21 counties in this state why is there over 600 school districts? Each district having it's own board of education that acts autonomosly. Each district has a superintendent and assistant superintendents and business officers and their assistants, with most making over 100K a year. This is nuts. Now go to public union employees including teachers and administrators have them all start contributing for their healthcare. Get the retirees to contribute for their healthcare, the free healthcare for them and their dependants for life is ludicrous. Do away with patronage jobs, stop the judicial and legislature employees from working two or more jobs. Sick days and vacation days should not be allowed to accumulate. Use them or lose them. Nothing in this State should be grandfathered. How's that just for a start.... Inappropriate comment? Alert us. Reply to this comment | Post a new comment mattinnj Posted by mattinnj February 03, 2010, 9:45PM We are obviously wasting our money on education if that is the best paragraph you can write illhavemine. I agree with your post! Inappropriate comment? Alert us. Reply to this comment | Post a new comment talkiseasy Posted by talkiseasy February 03, 2010, 8:51PM This statement was great - Until the tax structure is improved, he said, "we"ll probably see a continuation of the trend, until there are no more high-wealth individuals left." Uh, do you really think all the rest of the middle and lower income folks will be able to stay? I always said just the opposite, that only the rich will remain as nobody else will be able to afford to pay the taxes. Inappropriate comment? Alert us. Reply to this comment | Post a new comment Manville56 Posted by Manville56 February 03, 2010, 8:51PM I have a small home in Montclair, but the taxes, including 1000 a year to the sewer authority, are driving me out. The teachers and police may want more, but who will be left to give it to them? Inappropriate comment? Alert us. Reply to this comment | Post a new comment overboard1 Posted by overboard1 February 03, 2010, 8:56PM Anyone that has a clue, knows that the "Rich-Guys" are the ones who keep an economy and job market healthy while they amass their wealth and expand their industries. Corzine and his shills used class warfare and the powers of the rubber-stamp state legislature to seize wealth and redistribute it. This Progressive Marxist agenda has been proven time and again, to destroy any chance at economic growth that might benefit all classes with jobs, business opportunities and tax revenues. Inappropriate comment? Alert us. Reply to this comment | Post a new comment kavork Posted by kavork February 03, 2010, 8:56PM Florida here I come 8 months to go see ya suckers Inappropriate comment? Alert us. Reply to this comment | Post a new comment vinmega Posted by vinmega February 03, 2010, 8:59PM This proves my point that pretty soon the only people who live in NJ are the state workers and recipients of public assistance. The tax policies have driven so many people from NJ, that other states ADVERTISE ON THE TURNPIKE!!! Inappropriate comment? Alert us. Reply to this comment | Post a new comment libertyanew Posted by libertyanew February 03, 2010, 9:12PM I am looking forward to watching TV this summer when the NJ self serving Senators make fools of themselves during the budget debate. Last year the Senatoirs talked about all the high income companies and individuals moving into NJ. Self servers alway make up the truth and the laws as they go along. Inappropriate comment? Alert us. Reply to this comment | Post a new comment dagesq Posted by dagesq February 03, 2010, 9:26PM Spot on, dude. Remember when Corslime claimed in the debates that he just brought in thousands of hi-tech jobs to NJ? What a bald-faced liar. Inappropriate comment? Alert us. Reply to this comment | Post a new comment Next comments » 1 | 2 | 3 Post a comment (You may use HTML tags for style) Sign in to comment, or comment anonymously. You must accept the terms of service before you can post a comment. You must sign in to post a comment. Sign in to NJ.com Username Password Don't have an account? Register Now! 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Real-time news »
N.J. loses $70B in wealth over four years as residents leave state at brisk pace
By Leslie Kwoh/The Star-Ledger
February 03, 2010, 8:10PM

More than $70 billion in wealth left New Jersey between 2004 and 2008 as affluent residents moved elsewhere, according to a report released Wednesday that marks a swift reversal of fortune for a state once considered the nation’s wealthiest.

Conducted by the Center on Wealth and Philanthropy at Boston College, the report found wealthy households in New Jersey were leaving for other states — mainly Florida, Pennsylvania and New York — at a faster rate than they were being replaced.

“The wealth is not being replaced,” said John Havens, who directed the study. “It’s above and beyond the general trend that is affecting the rest of the northeast.”

This was not always the case. The study – the first on interstate wealth migration in the country — noted the state actually saw an influx of $98 billion in the five years preceding 2004. The exodus of wealth, then, local experts and economists concluded, was a reaction to a series of changes in the state’s tax structure — including increases in the income, sales, property and “millionaire” taxes.
nj-wealth-dennis-bone.JPGJOHN O’BOYLE/THE STAR-LEDGERDennis Bone, president of Verizon New Jersey, inside his Newark office in 2004.
“This study makes it crystal clear that New Jersey’s tax policies are resulting in a significant decline in the state’s wealth,” said Dennis Bone, chairman of the New Jersey Chamber of Commerce and president of Verizon New Jersey.

The Boston College report is the first on interstate wealth migration in the country. Wealth includes assets such as real estate, stocks, bonds, 401ks, mutual funds and vehicles.
The report was commissioned by the state Chamber of Commerce and the Community Foundation of New Jersey to study the effects of wealth migration on charitable giving after executives noticed more affluent philanthropists were moving away.

But economists say there are many other implications for the state’s financial health.
Wealthy residents are a key driver for everything from job creation and consumer spending to the real estate market and the state budget, said Jim Hughes, dean of the Edward J. Bloustein School of Planning and Public Policy at Rutgers University. In New Jersey, the top 1 percent of taxpayers pay more than 40 percent of the state’s income tax, he said.

“That’s probably why we have these massive income shortfalls in the state budget, especially this year,” he said.

Until the tax structure is improved, he said, “we’ll probably see a continuation of the trend, until there are no more high-wealth individuals left.”

He added the report reinforces findings from a similar study he conducted in 2007 with fellow Rutgers professor Joseph Seneca, which found a sharp acceleration in residents leaving the state. That report, which focused on income rather than wealth, found the state lost nearly $8 billion in gross income in 2005.

Findings from the report show that about 302,780 households left New Jersey between 2004 and 2008, only slightly lower than the 323,350 households that moved into the state. However, the average net worth of the departing households was about 70 percent higher, at $618,330.

Those who left were also more likely to be older and more educated, with jobs as entrepreneurs or in the finance and professional industries, the study found. Those replacing them tended to hold management or support jobs in the manufacturing industry. The study analyzed data from three main sources: The Federal Reserve’s Survey on Consumer Finances, the Census Bureau and the Internal Revenue Service.

Experts pointed to a wealth of anecdotal evidence to support the numbers. Ken Hydock, a certified public accountant with Sobel and Company in Livingston, said in this 30-year-career he’s never seen so many of his wealthy clients leave for states like Florida, where property taxes are lower and there is no personal income or estate tax. In New Jersey, residents pay an estate tax if their assets amount to more than $675,000. That’s compared to a $3.5 million federal exemption for 2009.

Several years ago, he recalled, one of his clients stood to make $60 million from stock options in a company that was being acquired by another. Before he cashed out, however, the client put his home up for sale, moved to Las Vegas, and “never stepped foot back in New Jersey again,” Hydock said.

“He avoided paying about $6 million in taxes,” he said. “He passed away two years later and also saved a huge estate tax, so he probably saved $7 million.”

Meanwhile, Gov. Chris Christie’s administration said the report is just another reminder of the difficult tasks ahead.

“It’s the consequence that we’ve been talking about for so long, of the spending and taxing habits that we’ve all experienced,” said Mike Drewniak, a spokesman for Christie. “It’s the sort of thing that we feel the need to stop so we can get New Jersey back on a prosperous path.”

Staff reporter Lisa Fleisher contributed to this report

Related coverage:

Rutgers University economists say it could take seven years to recover from recession
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1 | 2 | 3
learn3drive
Posted by learn3drive
February 03, 2010, 8:09PM

Well, just tax the remaining rich folk. And if there isn’t enough revenue, then lower the definition of “rich”. Eventually our goal will be met, and we will all be lower class except for the politically connected.
Inappropriate comment? Alert us.
Reply to this comment | Post a new comment
steveb1969
Posted by steveb1969
February 03, 2010, 9:40PM

Last one out of NJ, turn off the lights!
Inappropriate comment? Alert us.
Reply to this comment | Post a new comment
corzinejerky
Posted by corzinejerky
February 03, 2010, 8:29PM

This is all that jerk Bearded Buffoon’s fault. He was the gov the last four years and he let this happen on his watch.

He helped no one in NJ except his girlfriend and people in union. He should be brought up on charges for being an incompetent buffoon. Where’s the law when we need it??
Inappropriate comment? Alert us.
Reply to this comment | Post a new comment
drlg25
Posted by ed
February 03, 2010, 8:33PM

I have been saying this for years. The house of cards is about to fall. Maybe Jon Shure can continue his rant to tax the wealthy. Maybe we can continue the crazy pension system in the country. Maybe we can continue to keep useless County government. We need to have real jobs for real people. Save us Christie
Inappropriate comment? Alert us.
Reply to this comment | Post a new comment
drlg25
Posted by ed
February 03, 2010, 8:35PM

PS South Carolina her I come. I am tired of paying pensions for hundreds of Police chiefs,fireman,school supers and county execs. I can’t wait to go.
Inappropriate comment? Alert us.
Reply to this comment | Post a new comment
nephewplease
Posted by nephewplease
February 03, 2010, 8:36PM

Could you please provide us with a plan for ridding the state of the poor and keeping the middle class and rich.. I’m so tired of working to pay for generation after generation of people on the public dole. Let some other enjoy them for a little while. Its not fair that we hog them.
Inappropriate comment? Alert us.
Reply to this comment | Post a new comment
Ephemeraz
Posted by Napier1
February 03, 2010, 8:38PM

Damn! I cannot wait until retirement allows me to do the same!!! Just a couple of more years. My needs are few, a small house with enough fenced back yard to share with 3 dogs. No “adult community living” for me, and goodbye to the ever-growing tax and insurance bills. Love you, NJ, but you don’t love me.
Inappropriate comment? Alert us.
Reply to this comment | Post a new comment
WantedforFraud
Posted by Wanted for Fraud: Fannie Mae’s Pimp
February 03, 2010, 8:39PM

Tings in NJ theem pwetty good to me: In fact, Demokwattic wending pwactices have made weal estate pwices tho depwessed wight now, and dwopping maw and maw each day, that thoon each and ev-wee house in New Jersey will be EXTWEEMLY affawdable, even to the av-widge buyer, if I do thay tho mythelf!
Inappropriate comment? Alert us.
Reply to this comment | Post a new comment
TrollsAreFun
Posted by TrollsAreFun
February 03, 2010, 9:41PM

Outrageous! Start a blog! Haven’t laughed this hard in a while.
Inappropriate comment? Alert us.
Reply to this comment | Post a new comment
30-378mag
Posted by 30-378mag
February 03, 2010, 8:40PM

And this is supposed to be a surprise? Keep raping the ones who work for their money and giving it to the ones who don’t work for their money and this is what happens. Like our state keeps getting worse so does the country! Obama will put us all in the poor house!!!
Inappropriate comment? Alert us.
Reply to this comment | Post a new comment
whanright
Posted by ogpbill
February 03, 2010, 8:42PM

Now if they made these people who leave place an orange sticker on thier license plate, then we could stop them before they escape.
Inappropriate comment? Alert us.
Reply to this comment | Post a new comment
illhavemine
Posted by illhavemine
February 03, 2010, 8:47PM

Start consolidating…There are 21 counties in this state why is there over 600 school districts? Each district having it’s own board of education that acts autonomosly. Each district has a superintendent and assistant superintendents and business officers and their assistants, with most making over 100K a year. This is nuts. Now go to public union employees including teachers and administrators have them all start contributing for their healthcare. Get the retirees to contribute for their healthcare, the free healthcare for them and their dependants for life is ludicrous. Do away with patronage jobs, stop the judicial and legislature employees from working two or more jobs. Sick days and vacation days should not be allowed to accumulate. Use them or lose them. Nothing in this State should be grandfathered. How’s that just for a start….
Inappropriate comment? Alert us.
Reply to this comment | Post a new comment
mattinnj
Posted by mattinnj
February 03, 2010, 9:45PM

We are obviously wasting our money on education if that is the best paragraph you can write illhavemine. I agree with your post!
Inappropriate comment? Alert us.
Reply to this comment | Post a new comment
talkiseasy
Posted by talkiseasy
February 03, 2010, 8:51PM

This statement was great – Until the tax structure is improved, he said, “we”ll probably see a continuation of the trend, until there are no more high-wealth individuals left.”

Uh, do you really think all the rest of the middle and lower income folks will be able to stay? I always said just the opposite, that only the rich will remain as nobody else will be able to afford to pay the taxes.
Inappropriate comment? Alert us.
Reply to this comment | Post a new comment
Manville56
Posted by Manville56
February 03, 2010, 8:51PM

I have a small home in Montclair, but the taxes, including 1000 a year to the sewer authority, are driving me out. The teachers and police may want more, but who will be left to give it to them?
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overboard1
Posted by overboard1
February 03, 2010, 8:56PM

Anyone that has a clue, knows that the “Rich-Guys” are the ones who keep an economy and job market healthy while they amass their wealth and expand their industries. Corzine and his shills used class warfare and the powers of the rubber-stamp state legislature to seize wealth and redistribute it. This Progressive Marxist agenda has been proven time and again, to destroy any chance at economic growth that might benefit all classes with jobs, business opportunities and tax revenues.
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kavork
Posted by kavork
February 03, 2010, 8:56PM

Florida here I come 8 months to go see ya suckers
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vinmega
Posted by vinmega
February 03, 2010, 8:59PM

This proves my point that pretty soon the only people who live in NJ are the state workers and recipients of public assistance.
The tax policies have driven so many people from NJ, that other states ADVERTISE ON THE TURNPIKE!!!
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libertyanew
Posted by libertyanew
February 03, 2010, 9:12PM

I am looking forward to watching TV this summer when the NJ self serving Senators make fools of themselves during the budget debate. Last year the Senatoirs talked about all the high income companies and individuals moving into NJ. Self servers alway make up the truth and the laws as they go along.
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dagesq
Posted by dagesq
February 03, 2010, 9:26PM

Spot on, dude.
Remember when Corslime claimed in the debates that he just brought in thousands of hi-tech jobs to NJ? What a bald-faced liar.
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]]> By: The Condition-Code Red http://njrereport.com/index.php/2010/02/03/comp-killer-wsj-edition-or-how-you-cant-go-wrong-with-jersey-shore/#comment-364914 The Condition-Code Red Thu, 04 Feb 2010 04:27:20 +0000 http://njrereport.com/?p=5105#comment-364914 relo (232)- One of a gazillion shit deals put together all over the US by groups of individual investors doing 1031 deals. I went to elementary school about 100 yards away from that office building. relo (232)-

One of a gazillion shit deals put together all over the US by groups of individual investors doing 1031 deals.

I went to elementary school about 100 yards away from that office building.

]]> By: NJGator http://njrereport.com/index.php/2010/02/03/comp-killer-wsj-edition-or-how-you-cant-go-wrong-with-jersey-shore/#comment-364913 NJGator Thu, 04 Feb 2010 04:21:36 +0000 http://njrereport.com/?p=5105#comment-364913 239 PGC - Did it sell after 10/1/09? If so it blows your next year's appeal out of the water. This one might still be viable. 239 PGC – Did it sell after 10/1/09? If so it blows your next year’s appeal out of the water. This one might still be viable.

]]> By: Revelations http://njrereport.com/index.php/2010/02/03/comp-killer-wsj-edition-or-how-you-cant-go-wrong-with-jersey-shore/#comment-364912 Revelations Thu, 04 Feb 2010 03:51:24 +0000 http://njrereport.com/?p=5105#comment-364912 Sometimes I wonder if the NJ ed system IS better for all the taxes one pays. ...and then I read comments like: "algebra and geometry. I have never - for a lifetime - understood why ALL of us were forced to suffer through those. What’s the point?" and "Economics has nothing whatsoever to do with personal finance." and I think, maybe not. Sometimes I wonder if the NJ ed system IS better for all the taxes one pays. …and then I read comments like:

“algebra and geometry.
I have never – for a lifetime – understood why ALL of us were forced to suffer through those.
What’s the point?”

and

“Economics has nothing whatsoever to do with personal finance.”

and I think, maybe not.

]]> By: meter http://njrereport.com/index.php/2010/02/03/comp-killer-wsj-edition-or-how-you-cant-go-wrong-with-jersey-shore/#comment-364911 meter Thu, 04 Feb 2010 03:42:00 +0000 http://njrereport.com/?p=5105#comment-364911 @241 - ouch! @241 – ouch!

]]> By: Mr Hyde http://njrereport.com/index.php/2010/02/03/comp-killer-wsj-edition-or-how-you-cant-go-wrong-with-jersey-shore/#comment-364906 Mr Hyde Thu, 04 Feb 2010 02:20:31 +0000 http://njrereport.com/?p=5105#comment-364906 Corporation Says It Will Run for Congress http://economix.blogs.nytimes.com/2010/02/02/corporation-says-it-will-run-for-congress/ Corporation Says It Will Run for Congress

http://economix.blogs.nytimes.com/2010/02/02/corporation-says-it-will-run-for-congress/

]]> By: NJCoast http://njrereport.com/index.php/2010/02/03/comp-killer-wsj-edition-or-how-you-cant-go-wrong-with-jersey-shore/#comment-364905 NJCoast Thu, 04 Feb 2010 02:01:25 +0000 http://njrereport.com/?p=5105#comment-364905 Pain- Want the wife out of your hair? Have Tosh befriend her on facebook. Pain-

Want the wife out of your hair? Have Tosh befriend her on facebook.

]]> By: PGC http://njrereport.com/index.php/2010/02/03/comp-killer-wsj-edition-or-how-you-cant-go-wrong-with-jersey-shore/#comment-364904 PGC Thu, 04 Feb 2010 01:34:53 +0000 http://njrereport.com/?p=5105#comment-364904 98 acres near [redacted] Well that took about 15s to find. 98 acres near [redacted]

Well that took about 15s to find.

]]> By: PGC http://njrereport.com/index.php/2010/02/03/comp-killer-wsj-edition-or-how-you-cant-go-wrong-with-jersey-shore/#comment-364903 PGC Thu, 04 Feb 2010 01:32:49 +0000 http://njrereport.com/?p=5105#comment-364903 A property round the corner from me just sold for a few K less than their 2005 purchase. While it blows my tax appeal out of the water, it gives me a nice comp for the area. This would put me back up to around 10% off the peak for this place. If I got that price tomorrow, it would be about a 25% return on my DP after commissions. Puts a smile on my face. A property round the corner from me just sold for a few K less than their 2005 purchase. While it blows my tax appeal out of the water, it gives me a nice comp for the area. This would put me back up to around 10% off the peak for this place. If I got that price tomorrow, it would be about a 25% return on my DP after commissions.

Puts a smile on my face.

]]> By: chicagofinance http://njrereport.com/index.php/2010/02/03/comp-killer-wsj-edition-or-how-you-cant-go-wrong-with-jersey-shore/#comment-364901 chicagofinance Thu, 04 Feb 2010 00:43:50 +0000 http://njrereport.com/?p=5105#comment-364901 Ulqin Albani: the wife and I hit Samvera....she had a very well poured Tanqueray martini straight-up no vermouth with olives...... Ulqin Albani: the wife and I hit Samvera….she had a very well poured Tanqueray martini straight-up no vermouth with olives……

]]> By: chicagofinance http://njrereport.com/index.php/2010/02/03/comp-killer-wsj-edition-or-how-you-cant-go-wrong-with-jersey-shore/#comment-364900 chicagofinance Thu, 04 Feb 2010 00:42:08 +0000 http://njrereport.com/?p=5105#comment-364900 Yo' albani: Ben and me are officially in a Blood Feud based on the Kanuni.......Based on his spoken word, he is a laborer of evil. If he leaves his house in the next 24 hours, I will send farm animals to maul him. 221.Ben says: February 3, 2010 at 4:52 pm “the first issue at hand is that they think economics in its current form is a science.” “hyde, i dont know who ‘they’ are but i dont get that impression. i was always taught that it wasnt a complete science but it did get very scientific and mathematical starting in the 1950s. But there has been alot of work done with psychology and economics and even keynes talked alot about animal spirits and confidence and the mental/emotional/social aspects of economics. Also can be described as an art or tool of politics.” Hyde/Veto. I am a scientist. Nearly 99.999% of macroeconomic theory in the past 50 years would qualify more towards religion than science. They are mathematicians who construct models based on ridiculous assumptions and every model they have designed has been an utter failure. Macroeconomics is a junk science and the fact that the mainstream economists like Krugman, Delong, Stiglitz, and everyone at the University of Chicago consistently ignore predictions and observations by Economists (Marc Faber, Eric Sprott, Eric Janzen, etc…) that have consistently called the market 100% for the past 10 years using the theories of Hayek and Mises shows how dishonest the profession of economics truly is. It would be the equivalent of today’s physicists ignoring Einstein’s theory of relativity. Yo’ albani: Ben and me are officially in a Blood Feud based on the Kanuni…….Based on his spoken word, he is a laborer of evil.

If he leaves his house in the next 24 hours, I will send farm animals to maul him.

221.Ben says:
February 3, 2010 at 4:52 pm
“the first issue at hand is that they think economics in its current form is a science.”

“hyde, i dont know who ‘they’ are but i dont get that impression.
i was always taught that it wasnt a complete science but it did get very scientific and mathematical starting in the 1950s.
But there has been alot of work done with psychology and economics and even keynes talked alot about animal spirits and confidence and the mental/emotional/social aspects of economics. Also can be described as an art or tool of politics.”

Hyde/Veto. I am a scientist. Nearly 99.999% of macroeconomic theory in the past 50 years would qualify more towards religion than science. They are mathematicians who construct models based on ridiculous assumptions and every model they have designed has been an utter failure. Macroeconomics is a junk science and the fact that the mainstream economists like Krugman, Delong, Stiglitz, and everyone at the University of Chicago consistently ignore predictions and observations by Economists (Marc Faber, Eric Sprott, Eric Janzen, etc…) that have consistently called the market 100% for the past 10 years using the theories of Hayek and Mises shows how dishonest the profession of economics truly is. It would be the equivalent of today’s physicists ignoring Einstein’s theory of relativity.

]]>