I hear people complain about the drive up or down 95, it stinks, dark and dank industrial wasteland. Miles and miles of warehouse, factory, smokestacks, power plants, shipping containers, garbage dumps.
It’s beautiful.
You can keep your scenic roadways and parks, we’ll keep the industry that makes us the one of the most economically productive areas in the entire world, and one of the wealthiest areas in the world.
Where do people think jobs come from? Where manufacturing takes place? Where shipping and trade happen? In quaint downtowns with pretty tree lined streets? On fancy dot com campuses with rainbow slides and sleeping pods? Get real you idiots.
Next time you drive down the turnpike, open your eyes and revel in the economic powerhouse that is not only critical to the Northeast, but the entire United States. Want to see the greatest wonder of the new economic world? Drive through the Northeast corridor of the US, the one where we’re at the heart.
By the way, stay the f*ck out if you don’t like us.
From CBS:
New Jersey Residents: Poll Ranking State As Nation’s Least Likeable ‘Stinks’
A recent poll was not winning too many fans in New Jersey Friday, after it ranked the Garden State dead last in favorability among the 50 states.
As CBS2’s Dave Carlin reported, those who really know New Jersey praise the people as great, and the real estate as prime – with beautiful sights like the waterfalls in Nutley.
But others dismiss the state as a land of mobsters and grime.
“I don’t think the Sopranos helped the state of New Jersey,” said Charles Derios of Newark.
Indeed, Hollywood stereotypes got the blame for the poll results from YouGov that slammed the Garden State as the place to hate.
The survey asked Americans to rate the states, and New Jersey came dead last – as least likable of 50.In fact, New Jersey was the only state for which more respondents had an unfavorable opinion than a favorable one. Forty percent of poll respondents rated New Jersey unfavorably, and 30 percent rated the state favorably – giving the state a net favorability rating of minus 10 percent, according to YouGov.
A YouGov article on the poll said the state has an image problem in popular cuture.
“The popular image of New Jersey often falls somewhere between the MTV show ‘Jersey Shore,’ HBO’s award winning mafia drama ‘The Sopranos’ and the chemical plants and gray industrial landscape stretched along I-95 that inspired much of the work of Bruce Springsteen,” Peter Moore wrote for YouGov.
…
Dwayne Quinn of New Orleans spoke to 1010 WINS’ Al Jones on Thursday about the poll. He said there simply isn’t much in New Jersey.“I mean I’ve heard it as the armpit capital of the world or even the butt crack capital of the world. You know, there’s not much that attracts,” he said.
But one New Jersey resident responded, “I think it stinks.”
NJ taxes? Why pay less?
First, bitchez!!!
Pool Season is about 15 weeks.
Comrade – yes a few as in 2 grand.
Service was $100 a week + Chemicals
$250 Opening
$1500 Service – 15 weeks x $100
$250 Closing
+$400 Chemicals
Got a Honda hydrostatic ride on, couple years old but looks and runs like brand new. Awesome machine.
Essex, thanks for sharing that article last night. It’s good for the middle class, yet people are still bitching that it is a bad thing.
Great opening to the blog today. With so many people hating jersey, we must be doing something right.
This idiot in New Orleans doesn’t even realize how much nj taxes help support him. How about we get to keep our fed tax dollars….then we will really hear these other states bitch about how much they hate jersey. This will also go a long way in lowering our taxes, since we don’t have to use our tax money to support all these other states. Next time someone from another state complains about jersey taxes, tell them it’s because our taxes help support you….your welcome!
Why would someone out of state complain about NJ taxes?
If we have all of this “industry” why can’t we pay the bills and why are the taxes so high?
Because this state is a cesspool of corruption, incompetence and waste.
When they use it in their ploy to attract nj residents to their state. A ton of people out there trying to con our rich residents to move to their state. Suckers fall for it and the smart ones know better.
joyce says:
July 4, 2015 at 2:18 pm
Why would someone out of state complain about NJ taxes?
I would bet some of these backwards town govts in the south are way more corrupt. People just don’t pay attention because the amount of revenue flowing through these areas is nothing like jersey. So no one pays attention to the much larger corruption going down in these areas.
These other areas can’t survive without federal funding that comes from us, yet we are the corrupt state? If we are in such bad debt, why doesn’t the federal govt send tax dollars to nj instead of taking it away? I hope these other states can become economic leaders like nj, this way they can send their tax money to us. Not the other way around.
Splat What Was He Thinking says:
July 4, 2015 at 3:21 pm
Because this state is a cesspool of corruption, incompetence and waste.
If you are a true conservative than act like it, don’t let liberal states own the top of the list when it comes to the states that are least dependent on the fed govt. Btw, nj is ranked no 1 on the rankings list of least dependent states on the fed govt.
“The extent to which the average American’s tax burden varies based on his or her state of residence represents a significant point of differentiation between state economies. But it’s only one piece of the puzzle.
What if, for example, a particular state can afford not to tax its residents at high rates because it receives disproportionately more funding from the federal government than states with apparently oppressive tax codes? That would change the narrative significantly, revealing federal dependence where bold, efficient stewardship was once thought to preside.
The idea of the American freeloader burst into the public consciousness when #47percent started trending on Twitter. And while the notion is senselessly insulting to millions of hardworking Americans, it is true that some states receive a far higher return on their federal income tax contributions than others.
Just how pronounced is this disparity, and to what extent does it alter our perception of state and local tax rates around the country? WalletHub sought to answer those questions by comparing the 50 states in terms of four key metrics. Our findings, as well as expert commentary and a detailed methodology, can be found below.”
http://wallethub.com/edu/states-most-least-dependent-on-the-federal-government/2700/#santanu-chatterjee
12-
“”(Federal Funding in $ / Federal Income Taxes in $) This metric illustrates how many dollars in federal funding state taxpayers receive for every one dollar in federal income taxes they pay”.
Thus, taxpayers in MS, for example, get $3.07 back in federal funding for every $1.00 that they pay in federal income taxes. Taxpayers in the least dependent states contribute more federal income taxes than they take in federal tax dollars. Basically the least federal government dependent states, mostly liberal, subsidize the most federal government dependent states, mostly conservative.
Yes! The “it’s not my job to help you” states are the very states that depend on the federal government/taxpayers for help. It’s been this way for years. “
“The largest problem with this study is that it doesn’t take into account the distribution of people older than 65 in a given state. Southern states have a higher percentage of people 65+ per capita (many of which migrated there after they retired). To truly do this analysis correctly one would have to adjust for retirees as they are not producers in the economy, but take a large portion of federal government outlays. If one looks at the percentage of retirees as a percent of the total population (http://proximityone.com/st003065.htm) for 2010 you will notice that many of the states that are red above also have a large percentage of their population 65+ (FL, WV, and ME top the list and all are red in the above analysis). Per normal it is not as simple as idiotic ideologies (i.e. red vs. blue) or analyse, truth is never that simple.”
“Why do retirees move to these states? Because they have low taxes and costs of living. And by that I mean the residents who live their don’t pay it and the states with higher taxes help pick up the slack. So whether you look at it your way or mine, it is absolutely about red vs blue states (anti tax as lower levels vs higher tax at lower levels).”
@HillaryClinton:
Happy Fourth of July. Celebrating this country we love—and 239 years of progress, expanded opportunity, and broken barriers. More to do. -H
My wife makes a Pumpkin pie every year…I eat a piece. Still hate it.
[2] juice
Ok, I misunderstood. I thought just open/close service was in the 1,000s but the bulk is maintenance.
If you are a true conservative than act like it, don’t let liberal states own the top of the list when it comes to the states that are least dependent on the fed govt. Btw, nj is ranked no 1 on the rankings list of least dependent states on the fed govt.
You act as if the fact that the majority of the state votes democratic is the reason why they are at the top of the list. Correlation is not causation.
Folks in NJ are extremely status conscious. And how better to flaunt your wealth than pay outrageous taxes and b1tch about them nonstop.
There are things I miss about NJ (pizza, bagels, trains to NYC, cheaper gas) but I was recently asked which I liked better, NJ or where I am now, and PA wins. And to my girls, it’s no contest–if we told them they are going back to NJ, they would kill us in our sleep.
[18] Ben
Moreover, pumpkin is pushing one of his favorite techniques, the false equivalency. It isn’t a violation of conservative principles to be against gov sponsored social insurance, which is what this is, and still accept it. A conservative will want the benefit of what he paid for, even if he didn’t want to pay for it in the first place. No inconsistency there.
I hate having to pay for auto insurance but that doesn’t mean I’m a hypocrite if I file a claim.
“By the way, stay the f*ck out if you don’t like us.”
Unfortunately, NJ sits between me and. Massachusetts. At least the cheap gas and high speeds make it bearable.
Keep telling yourself pa is better. Keep drinking the haterade. Who complains about taxes besides cheap old men? I don’t hear too many people bitching, only the complainers that complain about everything.
Comrade Nom Deplume, Asleep in Boston says:
July 5, 2015 at 8:19 am
Folks in NJ are extremely status conscious. And how better to flaunt your wealth than pay outrageous taxes and b1tch about them nonstop.
There are things I miss about NJ (pizza, bagels, trains to NYC, cheaper gas) but I was recently asked which I liked better, NJ or where I am now, and PA wins. And to my girls, it’s no contest–if we told them they are going back to NJ, they would kill us in our sleep.
It hurts that your might conservatives are hypocrites, huh? How can the state’s they blame for spending all be in the top ten for least dependent on the govt? How can the bottom of the list be occupied by all so called supporters of not getting help from the govt. If that’s not the definition of hypocrisy, then I don’t know what is. I’m not supporting liberals here, I’m moderate, I’m just pointing out the bs here.
If you are a true conservative, you shouldn’t be taking the most money from the govt. You should turn it down out of principle. Shows what kind of ethics or principles they adhere to. All they care about it getting money. But they tell naive individuals like you that they want less govt, meanwhile they are picking the pockets of states like nj who they love to bash.
Comrade Nom Deplume, Asleep in Boston says:
July 5, 2015 at 8:25 am
[18] Ben
Moreover, pumpkin is pushing one of his favorite techniques, the false equivalency. It isn’t a violation of conservative principles to be against gov sponsored social insurance, which is what this is, and still accept it. A conservative will want the benefit of what he paid for, even if he didn’t want to pay for it in the first place. No inconsistency there.
I hate having to pay for auto insurance but that doesn’t mean I’m a hypocrite if I file a claim.
Where is the bar? I need a refill on my haterade.
No, said none of that. All I said was that it’s pretty disturbing that the red states that rally on limited govt assistance have the biggest hands out when it comes to fed assistance from the govt. My point is that they are hypocrites, nothing was said about democrats.
Yes, it’s ironic how they bash nj, yet we are no 1 when it comes to not relying on the govt. You can’t say this has no effect on our taxes, when we are the least dependent state on the U.S. Govt. They are picking our pockets and giving it to states that our stealing our businesses by bribing with lower taxes. Yes, we are indirectly fueling our competitions advantage of lowering their taxes on our back. Do you know how low our taxes can go if we got back every federal dollar we put in? Better yet, if we were like these red states, could you imagine how low our taxes would be if we got 3 dollars backs on every dollar we gave to the fed govt? We are getting ripped off by red states that hate us. Hell, this poll shows we are the most hated state and yet we are stuck carrying the highest burden by being the least dependent state on the fed govt. Messed up.
Ben says:
July 5, 2015 at 8:15 am
If you are a true conservative than act like it, don’t let liberal states own the top of the list when it comes to the states that are least dependent on the fed govt. Btw, nj is ranked no 1 on the rankings list of least dependent states on the fed govt.
You act as if the fact that the majority of the state votes democratic is the reason why they are at the top of the list. Correlation is not causation.
Love the way Punkin is oblivious to the fact that he’s speaking to only himself here.
He’s a sort of self-trolling troll.
Wow, you found an irony in politicians going against their rhetoric?
Ben, it just blows my mind that these individuals say that it is wrong to tax the rich more, but here they are taxing the shit out of the richest states. Definition of hypocrisy!
It’s always about what’s good for me type attitude. They lower the taxes on their constituents and then hand the rich states the bill. Don’t even get a thank you, instead nj gets blasted by these individuals. Make nj its own country and we would have the 25th most powerful economy in the world. Rest of the u.s. should be thanking this little state for contributing so much to the financials of this country. Instead we get bashed.
Other people read this blog that don’t participate. I’m just trying to open up people’s eyes. No idea who I’m trolling, but I guess you are right.
Splat What Was He Thinking says:
July 5, 2015 at 10:27 am
Love the way Punkin is oblivious to the fact that he’s speaking to only himself here.
22-Humpty Pumpty,
Everyone with a brain complains about high taxes, unless of course one is a beneficiary of said high taxes.
Nah, some people accept taxes for what they are. I’m one of them. Anyone with a brain knows it’s a waste of time complaining about taxes. Two things guaranteed in life…death and taxes.
Are not most people that pay higher property taxes benefiting in some way from them? Either a discounted good school (delbarton charges 34,000…I’m fine paying taxes if my daughter goes to a good public school. So I’m indeed benefiting. Left my garage door open last night. Nothing was stolen, my high taxes provide a safe neighborhood. So yes, I guess I’m benefitting. All the roads in my town are in good shape, guess I’m benefitting from my high taxes. I can go on and on. You just take that for granted, right. Taxes have nothing to do with this lifestyle. High taxes have nothing to do with the type of people that live in my community, right? Could imagine the element that will come if they lowered the taxes. The town will go to hell within a year or two. Every 300,000 to 400,000 dollar house with 2,000 in taxes will be run over by people that will destroy the school system, increase crime, and destroy home values. Taxes make you have some skin in the game in your community.
Alex says:
July 5, 2015 at 12:10 pm
22-Humpty Pumpty,
Everyone with a brain complains about high taxes, unless of course one is a beneficiary of said high taxes.
Pumpty,
Between 2013-2014, New Jersey lost 10,000 millionaires. They packed their bags, and moved out.
Called retirement. What do you think, 30 something year old millionaires are going south? Those numbers are based on people who have made it here and have no gone to low cost states since they are done making money and raising their family.
Alex says:
July 5, 2015 at 1:22 pm
Pumpty,
Between 2013-2014, New Jersey lost 10,000 millionaires. They packed their bags, and moved out.
10,000 millionaires seems like a whole lot. But hey, it is the internet. I believe EVERYTHING I read online. If your livelihood is here and only here, then you are stuck, if you can leave and still make $$$ somewhere else, there are some great places to live. New Jersey is essentially a shithole.
Are you quoting the Phoenix study? If so, look at the broader picture, 2013-2014 did not represent any kind of massive net increase in taxes to spur said exit.
NJ “Millionaire” households ($1mm+ investable assets)
2010 – 212,396
2011 – 231,456
2012 – 235,292
2013 – 242,647
2014 – 232,514
I don’t know about you, but that’s an amazing trend.
Between 2010 and 2013 – in what most would call a completely shitty economy, NJ increased the number of millionaire households by 30,000. THIRTY THOUSAND.
In addition, from 2010 to 2014 the percentage of millionaire households has INCREASED.
2010 – 6.69%
…
2014 – 7.14%
What exodus?
Sorry but taxes were really no different in 2010 vs 2014, so we’re minting millionaires despite ourselves.
Grim comes through with the real story.
The good news is that you “don’t have to be a millionaire to buy a great home in New Jersey”….(but it helps)
“Some aspects of moving to Georgia have clearly been a shock for would-be New Jersey transplants. For one, the cost of buying a house in some areas is no cheaper than in the North. That point was made in April by Sandy Springs Mayor Rusty Paul in his State of the City address, according to a recording of the speech posted online by WABE, the Atlanta public radio station.
“A lot of the Mercedes people are coming to Sandy Springs, but they’re looking in other places” for a home, Paul said. “Why? Because they can’t afford to live in Sandy Springs.”
The radio station said the average cost of a home in Sandy Springs is $476,000. That’s slightly higher than in Bergen County, where the average home price is $435,000.”
“Montvale Mayor Roger J. Fyfe, however, said the borough was ready to move beyond the loss of Mercedes.
“We were all hanging our heads, thinking, ‘What are we going to do?’ ” when Mercedes first made its announcement, Fyfe said. “But the fact is, the property won’t stay empty for long. Because the dirt underneath that building is priceless.”
Fyfe said the borough’s fortunes rebounded to a great extent with the announcement by Memorial Sloan Kettering Cancer Center in April that it plans to open a regional cancer center on Summit Avenue, about a half-mile from the Mercedes headquarters. The center, planned for a 145,000-square-foot building formerly occupied by Barr Laboratories, is expected to bring 330 full-time jobs and treat 300 patients a day.
Health facilities bring in a lot of support businesses, which will fill other Montvale office space and bring business that will “trickle down” to other local enterprises, he said.
“We would have loved Mercedes to stay, but the fact that they are leaving is certainly not the end of the world for Montvale,” he said.”
http://www.northjersey.com/news/life-after-mercedes-benz-montvale-resigned-to-carmaker-s-move-welcomes-new-business-1.1368773
Mulshine’s article on jersey city’s effect on property taxes and the hypocrisy of the pols that run the city
http://www.nj.com/opinion/index.ssf/2015/07/jersey_city_mayor_steve_fulop_plays_hide_the_ratab.html#incart_river_mobile
A political trivia question: Who was the last mayor of Jersey City to be elected governor?
It was A. Harry Moore, way back in 1938. Many have tried since. All have failed. The problem they faced is simply stated: What is good for Jersey City is not necessarily good for New Jersey.
If you doubt that, consider the rowhouse that current Mayor Steven Fulop is purchasing.
“This wonderful one family has left no detail undone. 3 decks with direct New York City views,” says the online ad. “The interior features 4 bedrooms, 2 full baths, Viking stainless steel appliances, exposed brick and tin ceiling in the dining room … ” and so on.
All of that is nice. But even nicer are the property taxes, a mere $7,700 per year. That’s about 1 percent of the asking price of $739,000. This is a real bargain according to the guy who informed me of the deal.
That’s state Sen. Mike Doherty, the conservative Warren County Republican who could be a contender for his party’s nomination to run for governor in 2017. So could the the guy who’s buying that condo.
The 38-year-old Fulop is widely considered to be among the front-runners for the Democratic nomination. He certainly has the credentials, including a handful of degrees as well as service in Iraq as a Marine.
Doherty’s a West Point man himself, so he’s ready for battle. His weapon is property taxes, specifically the state’s penchant for giving vast amounts of tax relief to cities like Fulop’s and tiny amounts to suburban and rural towns. That aid makes possible the low tax bill on the mayor’s new crib.
Ever since the first income tax was passed in 1976 the big-city politicians have managed to grab a disproportionate amount of state school aid, the primary form of property-tax relief.
That’s because those urban mayors know how to play the game. And the name of that game is “hide the ratables.” The last Jersey City mayor to run for governor, Bret Schundler, was a master of it.
Schundler, a Republican who lost to Jim McGreevey in 2001, perfected the art of luring big developers to the city with promises of tax abatements. This deals are great for the cities, not so good for the rest of us.
The city still gets its revenue in the form of a PILOT (payment in lieu of taxation) but the schools are shut out. No problem, though. Under the state school-funding formula, Trenton has to make up the difference even to towns like Jersey City and Hoboken that have plenty of million-dollar homes.
“The suburban taxpayers have been told how important it is to get the big cities back on their feet,” said Doherty. “Yet when they’re back on their feet they’re still on the dole.”
That’s just one way those canny Hudson County pols outsmart us rubes. The other is through a simple refusal to revalue their real estate. Jersey City has not had a reassessment since 1988. The prior mayor had scheduled one, but Fulop canceled it upon taking office in 2013.
As a result, houses in the trendy Heights neighborhood where he’s buying have low tax bills while people in the poorer sections of town have proportionally higher taxes.
Fulop’s people told me that he canceled the reassessment because he disagreed with the method the prior mayor employed for choosing the appraisal firm. He will move ahead with it after ongoing litigation is settled, they said.
“If that house was in my district he would be paying $25,000 a year.” – Mike Doherty
But it’s smart politics to put off revaluations as long as possible. As for Doherty’s criticisms, Fulop’s office emailed me that “it is a little creepy that Sen. Doherty would pry closely into the Mayor’s personal life in order to grandstand.”
The email added, “If Sen. Doherty solved problems in Trenton instead of stalking Mayor Fulop, I am sure his constituents would actually realize a benefit.”
In fact, Doherty has been trying to solve this problem, but he’s met resistance all the way from the big-city mayor’s best friend.
That’s Gov. Chris Christie. He spent his last campaign courting Democratic mayors and he had some in attendance last week as he kicked off his next campaign, this time for president.
“The whole point of his speech was that he could get along with Democrats,” said Doherty.
He certainly could. But how will they get along without him?
That is a debate for the post-Christie era.
Fortunately for suburban taxpayers, that era started on Tuesday.
ADD: Here’s an excerpt from a release Doherty put out that explains Jersey City’s tax dodge in greater detail:
Doherty noted that Jersey City’s use of PILOTs also increases the income tax burden on state taxpayers who already bear the majority of the burden of paying for Jersey City schools through state school aid. While state law provides that counties collect five percent of PILOTs, school districts collect nothing (page 5).
“As a former Abbott district that is slated to collect more than $400 million in state aid this year to fund its schools, it’s unfathomable that Jersey City is preventing its school district from collecting school taxes on $2 billion of tax exempted property in the city,” added Doherty.
In FY 2014, Jersey City will receive $417 million in state school aid, approximately $14,188 per student.
Doherty further noted that as part of the so-called “New Jersey Gold Coast,” Jersey City has seen extensive redevelopment, construction and price increases on existing properties due to surging demand for real estate in towns along the Hudson River.
PLUS: The last Jersey City mayor to run for governor, Bret Schundler, faced a similar problem when he ran for the Republican nomination for governor in 2005. At a debate, Schundler was challenged by conservative Steve Lonegan on whether he supported the Abbott rulings that channel almost two-third of state aid to 31 urban school districts, including his own.
Schundler replied that he supported the Abbott approach, a stand that is highly unpopular with the Republican base. He went on to lose the primary.
As for Christie, from the beginning of his tenure as governor he’s been refusing to lift a finger to help suburbanites get their fair share of state aid. Here’s a piece I did for the Wall Street Journal back in 2010 that explains how he reneged on his campaign promise to change the distribution of state aid.
Nothing has changed in the past five years.
In that piece I mention Proposition 13, the 1978 ballot measure that gave California homeowners permanent property-tax relief. Coincidentally enough, Proposition 13 set a maximum limit on property taxes of 1 percent of a home’s value – about the level at which Fulop’s new home will be taxed.
Or in other words, Christie gave Proposition 13 to the cities – and the back of his hand to the suburbs.
I wouldn’t call the tax refugees an exodus, more of a slow bleed, but I think it’s a very real trend.
Paper assets have been inflating through the roof the past 5 years. 2% growth in NJ over that time looks to be behind the national average which implies the state is losing millionaires relative to other states. http://money.cnn.com/2014/03/14/news/economy/us-millionaires-households/
Anecdotally, I have two extended family members who have “left” in the past 10 years due to that reason alone. Both couples were retirees and both in the millionaire camp. One couple are snow birds spending 6.5 months a year in FL, the other moved to central PA to be halfway between both children.
Grim can try to minimalize 10,000 millionaires leaving the state of New Jersey in one year all he wants, but the fact is, that is a significant number.
See post 34
nwnj says:
July 5, 2015 at 8:42 pm
I wouldn’t call the tax refugees an exodus, more of a slow bleed, but I think it’s a very real trend.
Paper assets have been inflating through the roof the past 5 years. 2% growth in NJ over that time looks to be behind the national average which implies the state is losing millionaires relative to other states. http://money.cnn.com/2014/03/14/news/economy/us-millionaires-households/
Anecdotally, I have two extended family members who have “left” in the past 10 years due to that reason alone. Both couples were retirees and both in the millionaire camp. One couple are snow birds spending 6.5 months a year in FL, the other moved to central PA to be halfway between both children.
Grab the popcorn, markets going to be fun tomorrow. Japan market drops sharply at the open due to the Greek voters rejecting the bailout. Wonder how the u.s markets will react. Prob a drop, but not much.
[23] punkin,
Gee, what a rebuke. I feel so destroyed. What was I thinking, arguing that it isn’t hypocritical to take a benefit that you paid for, even if you were forced to pay for it.
Some pigs are more equal than others, I guess.
42- Good share. Dirty game!!
If 10k/year are moving and a primary cause is taxes what difference does it make whether they are retired or not? Is this another idiot riddle?
Why are they moving and to where? If you read what I posted today you would realize they go to places with artificially low taxes because the rich states send their tax money there to subsidize it. They are done making their money and now flock to places with artificially low taxes. The truly wealthy are the only people that get to retire up north. So pick what type of economy you want…..one for retirees or one that generates millionaires. If these retirees are staying here, means something is messed up that they could afford to. This is not an economy (metro New York) that preserves wealth with low costs. It generates massive wealth on high costs. So trust me, it’s a bad sign if people can retire in metro New York or sf area as another example.
nwnj says:
July 5, 2015 at 9:04 pm
If 10k/year are moving and a primary cause is taxes what difference does it make whether they are retired or not? Is this another idiot riddle?
Actually nitwit the cost of living neither of them cared about. The inheritance tax is a huge issue here. One of the aforementioned had enough when his retired teacher neighbor went out and bought a brand new corvette. He said no way in hell is he funding that stuff.
Just got back from Philly, Tunica/Memphis and Nashville. I would gladly trade our pizza for their ribs. I would also trade their music culture for our jersey shore culture. With that said, I can’t get over how clean their cities are. Why are our cities such dumps in the Northeast?
Can’t judge a man on what he has based on his job. You can never get rich off a job, it’s what you do with that money that matters.
nwnj says:
July 5, 2015 at 9:18 pm
Actually nitwit the cost of living neither of them cared about. The inheritance tax is a huge issue here. One of the aforementioned had enough when his retired teacher neighbor went out and bought a brand new corvette. He said no way in hell is he funding that stuff.
53- also, the inheritance tax being motivation is exactly what I said. This economy is not built for retirees, therefore penalizes those rich enough to retire here. This is not a retiree based economy, it never will be. Those places offer all these benefits to retirees because they have no other way to attract money to their area. So they leetch off the crumbs of retirees.
stu (52)-
I can show you parts of Memphis that look like God just took a shit.
The stock market has more than doubled in that period…….just FYI
grim says:
July 5, 2015 at 5:25 pm
I don’t know about you, but that’s an amazing trend.
Between 2010 and 2013 – in what most would call a completely shitty economy, NJ increased the number of millionaire households by 30,000. THIRTY THOUSAND.
In addition, from 2010 to 2014 the percentage of millionaire households has INCREASED.
2010 – 6.69%
…
2014 – 7.14%
Equities markets gonna correct a little…
[57] splat,
The fact that they haven’t kicked Greece out yet tells me they are concerned about something. It’s either economic or geopolitical, or perhaps both. Lots of moving parts here
The Clot solution would be:
1. Kick Greece out of the euro
2. Let Turkey in.
Hilarity ensues.
[22] punk in
“Keep telling yourself pa is better.”
Don’t have to. That poll ranked PA significantly better than Mass, which took some doing.
“Who complains about taxes besides cheap old men? I don’t hear too many people bitching, only the complainers that complain about everything.”
Now when did I complain? I love our tax system. It makes me richer.
As for being a cheap, old man, guilty as charged!
[22] pumpkin,
I’m guessing that reading comprehension wasn’t one of your stronger skills in school.
Did the district at least assign a paraprofessional in your IEP?
Wow RE must be back. I was off last week and as I drove around tons of for sale signs I saw but I track MLS and a ton were not on MLS.
Tons of Pocket Listings. Exclusive listings. Pretty confident you can sell when no MLS.
plume (58)-
The concern is whether Spain, Portugal, Austria and Italy can bear to take huge haircuts on all the loans they made to Greece. A total Grexit could become the trigger for cascading defaults.
Talk about counterparty risk…
plume (59)-
Yeah, that would be like setting off a stinkbomb in a crowded theater.
And yes, I would find this especially amusing.
“The Clot solution would be:
1. Kick Greece out of the euro
2. Let Turkey in.
Hilarity ensues.”
Think of all the fun even a moderately Islamic nation would be inside the EU. Especially one that’s a conduit for every bad guy out there who wants to cross into Syria and get in on the party.
We’d also be guaranteed some more classic Nigel Farage rants.
…oops…forgot that France is an Islamic nation…
You can count the former comptroller of ATT as one of those “cheap old men”. When his property in Basking Ridge got reassessed a few years back, I moved him lock, stock and barrel to Palmer Twp, PA. Whole thing took four months, and we jammed his BR property up the arse of some schnook who’s prolly already sorry he bit.
“Who complains about taxes besides cheap old men? I don’t hear too many people bitching, only the complainers that complain about everything.”
Funny thing is, the guy would’ve stayed in NJ if we just didn’t tax his pension.
plume (61)-
Think Punkin was homeskooled by his Grandma.
To paraphrase Dan Quayle, what a waste it is to lose one’s mind.
“I’m guessing that reading comprehension wasn’t one of your stronger skills in school.”
jj (62)-
MLS is where real estate goes to die.
“Pretty confident you can sell when no MLS.”
I bought one of those ‘Greek-style’ yogurts yesterday.
When I opened the lid the container was empty.
I always figured you liked Greek Yogurt in the mouth and massaging your prostate…….
Libturd in Union says:
July 6, 2015 at 9:16 am
I bought one of those ‘Greek-style’ yogurts yesterday.
When I opened the lid the container was empty.
Meat,
MLS is where real estate goes to die.
Then, where to find the houses? Which source or sources?
[63] splat,
That’s the Econ piece, and it’s frankly an unknown. We hear it’s manageable but if so, why not just take the hit? But being an old Cold Warrior, I am sensitive to the geopolitical as well, and those antennae haven’t buzzed like this in decades.
I recall raising the prospect of elder debt a long time ago. I think I predicted that banks would start cutting credit to elderly at a much faster clip. Not sure if my predictions bout banks are bearing out yet but there are a ton of boomers looking to leave nothing behind but debts.
Call it the final strategic default.
http://repository.law.umich.edu/cgi/viewcontent.cgi?article=1611&context=articles
I think the market is underestimating the impact of greek default. The Germans need to get it in gear and bailout Greece if we want the party to continue. Things are way too levered for 250 billion to go up in smoke and there not to be widespread negative effects across Europe.
[37] grim
“What exodus?”
You can’t think in terms of exodus or influx. People move out, in, up, down constantly. X number of wealthy leaving the state is meaningless if X moved in or joined the ranks.
You can have an “exodus” but for each person, it’s a decision. Those who leave find it in their interests to do so. Same with those who stay. And it isn’t about $$$ alone–there are plenty for whom inertia or psychic/social factors are more important, and that’s a pretty big group.