Monthly Archives: October 2017

Will big $$ make NJ more appealing?

From Bloomberg: Christie Backs Newark’s Amazon Bid With $7 Billion in Tax Breaks New Jersey Governor Chris Christie is seeking to deploy $7 billion in potential tax credits to lure Amazon.com Inc.’s planned second headquarters to Newark, which has been … Continue reading

Posted in Economics, New Development, New Jersey Real Estate, Politics | 67 Comments

Homes shrink, but they are still bigger than 10 years ago

From Bloomberg: Homes Are Shrinking in the U.S. In a reversal of a three-decade trend, U.S. homebuilders are cutting the size of the American home as margins are being squeezed by a shortage of land and labor. The average floor … Continue reading

Posted in Economics, National Real Estate, New Development | 75 Comments

Albatross

From CNBC: Boomers worry they can’t sell those big suburban homes when the time comes Jeff Swaney is worried about selling his 5,600-square-foot home one day. In his neighborhood south of Atlanta, demand and prices for large ranch houses like … Continue reading

Posted in Economics, National Real Estate | 39 Comments

Why Trump’s tax plan will make housing even more unaffordable

There appears to be some thought that home prices on the coasts are elevated or subsidized through the use of the Mortgage Interest deduction (MID) and State and Local Tax (SaLT) deductions. These two deductions, either alone or together, artificially … Continue reading

Posted in Economics, National Real Estate, Politics, Property Taxes | 124 Comments

Is it even possible to make NJ affordable?

From NJ Spotlight: RETHINKING NJ’S HOUSING MARKET TO MEETS NEEDS OF SUBURBANITES, CITY DWELLERS New Jersey’s next governor faces daunting housing problems that are widespread and complex, ranging from a lack of affordable homes in walkable communities to a glut … Continue reading

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 84 Comments

What does your soul get you in NJ?

From the New Yorker: What a Faustian Bargain Gets You in New York’s Real-Estate Market In the New York real-estate market, where stratospheric prices continue to climb, a pact with Satan just doesn’t get you what it once did. Sure, … Continue reading

Posted in Mortgages, NYC | 159 Comments

Nerdwallet? More like Emptywallet.

Insanity from Nerdwallet – clearly the housing market is getting bubbly:

Posted in Housing Bubble | 73 Comments

Where will Trump’s tax policy hurt most in NJ

From NJ Spotlight: INTERACTIVE MAP: TRACKING SALT DEDUCTIONS ACROSS THE STATE The loss of the federal income tax deduction for state and local taxes paid would mean a loss of about $21,500 in write-offs for the average New Jersey taxpayer. … Continue reading

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 119 Comments

Maybe we have a shot?

From the Star Ledger: Metro area including North Jersey is top contender for Amazon HQ2, firm says The metro area including North Jersey earned the top ranking among contenders seeking to become home to Amazon’s second headquarters and the potential … Continue reading

Posted in Economics, New Development, New Jersey Real Estate | 149 Comments

F*ck You New York Times

From the NYT: Jared Kushner’s Entitlement Is New Jersey Born and Bred Lots of explanations have been put forward as to why Mr. Kushner seems to operate as though the rules don’t apply to him. Perhaps there’s one more factor … Continue reading

Posted in New Jersey Real Estate, Politics, Unrest | 235 Comments

A manufacturing mecca again?

From the Star Ledger: How manufacturing jobs will come back to N.J. Is New Jersey’s manufacturing era forever behind us? Are the days when ceramics, glove molds, sinks and legendary Lenox china poured out of Trenton’s factories gone for good? … Continue reading

Posted in Economics, Employment, New Jersey Real Estate, Politics | 110 Comments