Silly Valley

From the Star Ledger:

Assembly speaker-elect: We can make N.J. the new Silicon Valley

They all came from the same place — the transistors that powered radio to the digital cellular that powers our smartphones, fiber optics to LCD technology, groundbreaking computer programming language to the now ever-present barcoding.

Surely these historic technological breakthroughs came from Silicon Valley, right?

No.

They were all born right here in New Jersey.

That legacy of innovation and invention should be resulting in an economy that is helping lead the nation in job creation and economic growth. But despite being the place where numerous advanced technologies were created, New Jersey has more work to do to meet the challenges and opportunities of the global marketplace.

If we’re to bolster and strengthen New Jersey’s middle class, we must foster the creation of high-quality jobs that can sustain a knowledge-based economy thriving on innovation and entrepreneurship. If we’re to build a stronger economy that benefits everyone, New Jersey must capitalize on its competitive advantage through initiatives that support the state’s world-class academic institutes and science and technology industries.

That’s why finding new and innovative ways to help working middle-class New Jerseyans and to grow our economy will be a top priority when I have the honor of becoming the next New Jersey General Assembly speaker in January.

I will establish a new standing committee — the Science, Innovation and Technology Committee — that will create and advance legislation designed to put New Jersey at the forefront of emerging industries. We will utilize our universities, high schools and business leaders to harness innovative thought. We will strengthen relationships between industrial and academic research. We will find ways to transfer academic research to the marketplace, all while encouraging entrepreneurship and new enterprises in science and new technology.

This entry was posted in Demographics, Economics, New Development, New Jersey Real Estate. Bookmark the permalink.

102 Responses to Silly Valley

  1. Mike says:

    Good Morning New Jersey

  2. grim says:

    Transistor wasn’t invented because someone passed a law making it so.

    Perhaps we should spend some time considering why NJ lost these capabilities, and these jobs?

    What happened between then and now to cause these innovators to leave?

    Did we stop investing in education? No, in fact you could argue that NJ’s educational system has improved markedly.

    Did we lose institutions of higher education? No, most of NJ’s universities have expanded.

    Did we run out of space or capacity for these companies? No, there is plenty of vacant space to house these companies.

    So what happened between now and then, because it’s clear that we need to fix what we broke, not what didn’t.

  3. Not Grimsky says:

    Grim, you know what is wrong.

    The same immigrant vitality that creates all the action, brings in bad old world ideas.

    Look at Edgewater aka Daibesland (Sephardic jew from ME that lost money to Madoff).
    Look at Cliffside Park aka Calabreseland ( Sicilian)
    Look at Fort Lee aka Sokolichland (Croats)
    Look at Newark aka Wewantpaybackland
    Look at Union City aka old Italians and irish hoodwinking Dominicans (Cubans are gone)
    It’s a mobsters’ lets get away with it State.

    Even Edison. Universal, 20th Century Fox and other major studios were created in LA, because Edison control NJ, and they could not do anything without paying him a vig.

    Is Jerzy. Is the way we are. We might create it, but we choke innovation. Is our thing.

  4. Not Grimsky says:

    Grim please post

  5. The Original NJ ExPat says:

    I was remembering how we were taught how to remember which circuit diagram symbol was NPN and which one was PNP. Made me chuckle.

    If you turn the symbol on it’s side so it looks like an arrow pointing into a ditch, that’s the PNP (because you can pee-and-pee before your feet get wet)

    https://en.wikipedia.org/wiki/Bipolar_junction_transistor

    Transistor wasn’t invented because someone passed a law making it so.

  6. Blue Ribbon Teacher says:

    it’s just a bad state for big business at this point. What I find funny is that we tax huge corporations out of this state (see all the pharma movement the past 12 to 15 years). We rail against the so called “crony capitalism” when we give a few the breaks to stay. Then, those same people that scream crony capitalism want us to give everything and then some to entice Amazon to come in. Capital flight is real.

    Just judging from my observations now that my original students 9 years ago are in the work force, the money isn’t there to be an inventor anymore. I’ve watched a guy who literally develops cures to diseases rake in 120k while the person in the marketing department at the same company collects a 500k bonus of his invention. They all end up going to Wall St. That’s where the money is.

  7. Ottoman says:

    The vast majority of technological advancements in this country in the past 100 plus years came from soc!alist government agencies like the military and NASA and were then spearheaded and encouraged in the private sector by government policies and regulations. Only stupid people, such as yourselves, believe that capitalists in the free market lead innovation.

  8. Ottoman says:

    Abolish capitalism. Problem solved.

    Just judging from my observations now that my original students 9 years ago are in the work force, the money isn’t there to be an inventor anymore. I’ve watched a guy who literally develops cures to diseases rake in 120k while the person in the marketing department at the same company collects a 500k bonus of his invention. They all end up going to Wall St. That’s where the money is.

  9. grim says:

    I wouldn’t mind seeing a good portion of military spending diverted to NASA.

  10. Juice Box says:

    Ottman is right all of the innovations of the last century that make our modern way of living possible came from the government agencies and communist countries.

    Here is a short list…

    Automobile
    Airplane
    Radio
    Radar
    Television
    Transistors
    Magnetic Storage
    Lasers
    Electric Refrigeration
    Personal Computers
    Wireless Technology
    Plastics
    Air Conditioning
    Fiber Optics

    Every single one was a government funded and created by communist scientists innovation right Otto?

  11. Fast Eddie says:

    Juice Box,

    Don’t waste your time, (S)he won’t respond. It’s a morning hit and run which is typical of the liberal mentality. Make noise, run away, cry over their shortcomings, blame the world for being left behind, rinse and repeat.

  12. Yo! says:

    Check out this news.

    https://www.merck.com/about/featured-stories/mrl-san-Fran-lab.html

    NJ’s biggest pharma company is building a lab and hiring hundreds of scientists in the Bay Area and at the same time firing hundreds here. The decision making has nothing to do with the tax or regulation environment. It is driven by where the talent lives and is willing to move. NJ is no longer that place. Innovators and investors know that.

  13. homeboken says:

    Just in time for the MID legislation to move agains me, the Homeboken’s are owners of our our first home (and a handle update is probably needed…)

    Question for the experts that I have learned so much from so far –
    What is the best way to go about the property tax grieving process? My purchase price is 9.2% below current assessment ($258,000 below 2005 purchase price, ouch!)

    There are a wide variety of comps I can organize and spread, but how does the muni define comprable? Is a mileage radius needed, construction year, square footage? Mix of all variables or is one more weighted vs another? Thank you in advance.

  14. homeboken says:

    Also – If anyone is looking fo reco’s, I had a wonderful experience with my broker and my lender. I had a miserable attorney that I would warn against buyer’s using, guy forgot which side of the table he was sitting on more than one occasion during the process.

  15. No One says:

    New Jersey scores 47th out of 50 states in freedom. Our citizens are oppressed.
    https://www.freedominthe50states.org/overall/new-jersey

    Analysis

    About 50 years ago, New Jersey was considered a tax haven. It grew wealthy under that regime, but over the past two decades it has competed with California for the position as the second-worst state for economic freedom. As long as it is better than New York, it will probably continue to get tax refugees from that state, but more New Yorkers now move to Florida than to New Jersey.

  16. Libturd, AKA Dr. Howie Feltersnatch says:

    “New Jersey must capitalize on its competitive advantage through initiatives that support the state’s world-class academic institutes and science and technology industries.”

    Well, there’s the lube. You all know what’s coming next.

    I listened to a completely close-minded interview of Alec Baldwin on Stern on Monday. He is so lost politically. He is so oblivious that he felt Franken should have stayed in office since his actions weren’t nearly as bad as so many others. He had no issue with Woody Allen (since he worked with him) as well. Of course, he also had no issue holding up a plane a while back because he refused to stop playing Words With Friends. Though Howard basically kissed his ass, the bias in this one was reminiscent of Moana.

    Hey, look what just showed up in my email?

    http://www.northjersey.com/story/news/new-jersey/governor/2017/12/12/facing-large-financial-hurdles-phil-murphy-sticking-costly-plan-nj/942399001/

  17. leftwing says:

    Grim, 6:48a, best post in a while. The fact that people will debate its validity is demonstrative of the problem.

    “They all end up going to Wall St. That’s where the money is.”
    Tech is the destination for a while now for best and brightest.

    “…[Merck] hiring hundreds of scientists in the Bay Area…is driven by where the talent lives and is willing to move. NJ is no longer that place. Innovators and investors know that.” [Merck is also expanding MRL in Cambridge]
    Yes. Big game of musical chairs occurring that will determine winning/losing areas for the leading industries of the next few decades. Those people at the front edge are not interested in NJ. SF, Austin, DFW, Denver, Charlotte, Boston, Seattle, heck even Pittsburgh all more attractive destinations.

  18. The Original NJ ExPat says:

    New Jersey has never been the place that anybody moves to, except for non-Manhattan New Yorkers (and I guess you could extend that to Brooklyn now). Think about your white collar married friends who live happily in NJ. Now think of how many of them don’t have at least one spouse who is from NJ originally. The number should be close to zero.

    For the most part Jersey marries Jersey and they stay in Jersey and then spend the rest of their lives convincing themselves how great it is in Jersey. Boston is our consolation prize for never getting up the energy to move to Vancouver like we intended to 25+ years ago.

    Check out this news.

    https://www.merck.com/about/featured-stories/mrl-san-Fran-lab.html

    NJ’s biggest pharma company is building a lab and hiring hundreds of scientists in the Bay Area and at the same time firing hundreds here. The decision making has nothing to do with the tax or regulation environment. It is driven by where the talent lives and is willing to move. NJ is no longer that place. Innovators and investors know that.

  19. 3b says:

    When we moved to NJ years ago it beat NY in every category. Cheaper housing in nice towns with good schools. Reasonable property taxes. Cheaper car insurance. Cheaper utilities. N.J. Transit was cheaper too and quick commute to NYC. Train delays and breakdowns were rare. It is no longer the case. We had a holiday celebration this past Saturday and the conversation was what happened to NJ? And why would anyone retire here based on only financial reasons.

  20. No One says:

    Otto,
    Successful salesmen almost always make really big money. Because they directly make the revenue. I’ve been in companies with good products and weak sales, and it wasn’t pretty. They facilitate communication and connections of needs to solutions in the economy. And not that many people can do it well. I tip my caps to them. But they must be properly managed to prevent mis-selling. Salesmen are a feature not a bug of capitalism.

    Some inventors are super-wealthy. The ones that create a successful business out of their invention by risking their capital and careers to make it work. They may need to hire salespeople and do everything. Some guy in a lab who thinks that his invention is the totality of economic value creation is sadly deluded. There’s a whole supply chain, distribution chain, marketing, back office administration, regulatory compliance, etc., that he/she probably has no idea that exists outside the lab.
    So yes, if you don’t understand the economics and value creation processes within it, and adhere to the labor theory of value like Marx, then you will seek the abolition of Capitalism, and eventually live like the Venezuelans.

  21. 3b says:

    N.J. was a great little state at one time not that long ago now they have gone and ruined it.

  22. The Original NJ ExPat says:

    And if you send your kids to New England for college and they graduate employable…there is probably only a 50/50 chance they ever come back, so there you have quantifiable brain and finance drain from NJ directly to NE. I can think of at least a dozen HS classmates from NJ that live within 20 miles of us here in Boston.

    I know Pumps wife spends most of her time having melancholy day dreams about the wonderful time she had here.

  23. The Original NJ ExPat says:

    Yeah, that probably ended about 1990. We didn’t leave until 1997, so I saw the beginning of the fall. NJ skipped the whole dot com excitement almost as much as Buffalo did.

    N.J. was a great little state at one time not that long ago now they have gone and ruined it.

  24. Libturd, AKA Dr. Howie Feltersnatch says:

    I blame the boomers.

  25. leftwing says:

    what’s the difference on the blog when something goes into ‘moderation’ vs. just disappearing into ether?

    For the ether, it seems there is a blacklisted term and deleting it gets you posted. What causes moderation?

  26. Libturd, AKA Dr. Howie Feltersnatch says:

    A scary health report from your doctor.

  27. Yo! says:

    On the bright side, watehousing jobs are booming in New Jersey.

    This quote is from a WSJ article:

    “It has been nonstop,” he [CBRE real estate broker] said of businesses’ hunt for space. “From paper companies to packaging companies to internet sellers, brick-and-mortar sellers…everybody is looking at their supply chain. New Jersey is unique in its location and ability to service a huge consumer zone.”

  28. leftwing says:

    “And if you send your kids to New England for college and they graduate employable…there is probably only a 50/50 chance they ever come back, so there you have quantifiable brain and finance drain from NJ directly to NE.”

    I’d like to see the same stats for Princeton. Anecdotally, from my kids’ HS Navaince system, it seems that Princeton is the Ivy of greatest population for at least this NJ blue ribbon town. Very likely that a high percentage of born and bred NJ kids attending NJ’s premier learning institution don’t stay here, especially with the entire absence of med, law, and business grad schools at Princeton.

  29. grim says:

    There is a blacklist word list and a moderation word list.

    Anything off the blacklist gets deleted outright, moderation list just gets hidden.

    The reason there is a blacklist is to help combat the robospam posts, which if only moderated, become a nightmare on the back end. It’s not uncommon for a robot to attempt to make a thousand posts in a few seconds.

  30. grim says:

    NJ should consider merging all of the public and community colleges into a single state-wide university system.

  31. Libturd, AKA Dr. Howie Feltersnatch says:

    But SUNJ sounds like a University in Bangladesh.

  32. Libturd, AKA Dr. Howie Feltersnatch says:

    How about SAGS?

  33. 3b says:

    I live in one of those top so called blue ribbon towns and it’s rare that any graduate goes to an ivy league. Very rare.

  34. grim says:

    Happy Hanukkah!

  35. ExJersey says:

    9:25. Someone usually gets left behind. You’ll see.

  36. ExJersey says:

    12:05 mazel

  37. ExJersey says:

    11:33. You’d be better off in a place where everyone sucks 3/4/5 rated districts. If they graduate without a kid and/or a drug habit they stand better chances of admission.

  38. Nomad says:

    Other than Celgene, can anyone think of a company that started in NJ the last couple of decades that created 500+ high paying jobs? Same question but creating 200+ high paying jobs? Big Pharma and NYC / Wall St spillover (advertising, fashion…) created the NJ economy. I am of the opinion that the states problems, issues and how it operates cannot be changed. While the economy here is not what it once was, people still come solely for the paycheck. Housing costs, taxes, congestion and the attitude are things most will forcibly bear because of a job. BTW, anyone remember where that little Swiss Pharma company in Nutley went a few years ago? If its good enough for Roche, it apparently is good enough for Merck.

    While NJ public schools earn (deservedly so) high accolades, rest assured there are many places around the county that have public schools as good as if not better than the garden states for a fraction of the cost.

    The faux economic run up before 2008 was driven by fake housing prices and HELOCs, even in NJ. That was act 1. Since ’08, we have been in act 2 and even WS and Hedge jobs aren’t offering up the money to nearly as many as they once did. Once we finish act 2 (likely in 2018) act 3 will start to show what NJ’s future will really look like as it will for other parts of the country (uptick in wages anyone, how about labor force participation rate?). Can only raise property, income and gas taxes so much and given the hole the state is in, i.e. pension, infrastructure … its likely the issue will not be tackled.

    On a positive note, silicon alley and the big project on Roosevelt Island may spin off some benefits to the garden state.

    Anyone have a good crystal ball to analyze this coming springs housing market?

  39. chicagofinance says:

    https://www.commvault.com/

    Nomad says:
    December 12, 2017 at 12:21 pm
    Other than Celgene, can anyone think of a company that started in NJ the last couple of decades that created 500+ high paying jobs? Same question but creating 200+ high paying jobs? Big Pharma and NYC / Wall St spillover (advertising, fashion…) created the NJ economy.

  40. Nomad says:

    Any of those top Celgene? Outmigration? Other than Princeton & Stevens, what else is left? Several Big 10 schools (PSU, IU, OSU, WI), after their own in state students tend to have in their top 3 states NJ & NY.

  41. grim says:

    Jet.com

  42. Not Nomad says:

    Housing Market? – panic selling by old boomers in big houses, in expensive places, realizing the SALT deduction removal will hit them hard.

    About the only thing that will tackle all of these issues below together is the Camden City/County police model. How it happens I don’t know, but when it does it can fix the government expenses part.

    In a nutshell. Camden City PD was disbanded and replaced by Camden County PD, which hired new people. It could not hire more than 49.9% of the old organization. New pay/benefit scale (lower of course) and no union to start. It was created to operate in Camden City but now expanding to other Camden County towns.

    Think of this model for rest of government services. Some going like CT where county government disappeared into towns and state, others like MD where city services disappeared into county agencies.

    Once we finish act 2 (likely in 2018) act 3 will start to show what NJ’s future will really look like as it will for other parts of the country (uptick in wages anyone, how about labor force participation rate?). Can only raise property, income and gas taxes so much and given the hole the state is in, i.e. pension, infrastructure … its likely the issue will not be tackled.
    On a positive note, silicon alley and the big project on Roosevelt Island may spin off some benefits to the garden state.
    Anyone have a good crystal ball to analyze this coming springs housing market?

  43. Libturd, AKA Dr. Howie Feltersnatch says:

    Chi,
    DJays is still open! How many do they employ? Gotta be at least 10 bouncers.

  44. Fast Eddie says:

    Anyone have a good crystal ball to analyze this coming springs housing market?

    Buy now because they’re not making any more land. And besides, you don’t want to get priced out forever.

  45. grim says:

    Housing Market? – panic selling by old boomers in big houses, in expensive places, realizing the SALT deduction removal will hit them hard.

    If my analysis is correct, it will actually be more affordable for them to stay, thus causing further inventory constraints in this area.

  46. grim says:

    Anyone have a good crystal ball to analyze this coming springs housing market?

    Strong.

  47. leftwing says:

    The NJ Bill link above:

    “Directs Secretary of Higher Education to conduct study to determine extent
    and cause of outmigration of high school graduates to out-of-State colleges.”

    The answer is really simple, lol. Does not need a Legislative sponsored study.

    We don’t have a multitude of top institutions. We have one, and even it offers fewer professional opportunities than other comparable institutions.

    I see references in many places over time to the State’s “world class higher education institutions [plural]”. Where?

    Princeton is outstanding, I would never demean it. If your child can get in there, go, it will be life changing for him and likely his family. However…….even Princeton, as I noted above, has no law, med, or business school. It is very heavily undergraduate focused. It is the only Ivy without a med school, and every other Ivy except one has law and business schools. The comparisons get even worse if one adds to the mix other top schools – Stanford, MIT, Berkeley, etc.

    And that’s for Princeton, the top school in NJ. After Princeton, what else is there for the 10,000 HS seniors at the 90 percentile level in the state?

    So, save the study money. Top students outmigrate because unless they are one of the 205 NJ kids accepted to Princeton, where else in-state do you go?

  48. 3b says:

    Left that is a reasonable argument but for many that I have seen over the years the reality is quite different and I would say is the case for the majority of students that at ten college out of state.

    It goes in cycles sort of like a school of the day. For instance at one point it was University of Delaware, University of Rhode Island, and James Madison University in VA. Different years different schools. It seemed like everyone had to go to one of those three. And everyday people were sending their kids with big loans of course. This was at a time when Rutgers for instance was dramatically cheaper than an out of state alternative. It simply made no sense in my opinion. If you can afford it fine do what you want but to take that route when there was a much cheaper alternative for a standard BA/BBA made no sense.

  49. The Great Pumpkin says:

    Dead on!

    “What’s then to stop rich tax-cut recipients from plowing the money into bitcoin?

    Ultimately, bitcoin is just a hyper-distilled example of what is going wrong in the American economy. Corporations are currently sitting on $2 trillion in cash. The stock market is enjoying record highs. But none of these profits are doing much for ordinary families. The median household income has barely budged over the past decade. If we put more money into the financial system without directly improving the prospects for working people, there won’t be any productive place for that money to go. It will end up in purely speculative projects that could destabilize the financial system. Under conditions of extreme economic inequality, big tax cuts for the rich aren’t just unfair; they’re dangerous“

  50. leftwing says:

    3b agree, whether it is perception or reality. Depending where you place Rutgers relative to Princeton there are at least 18,000 graduating seniors that don’t make Princeton but would be top of class at Rutgers. Those are the kids going to everywhere from Northwestern, Vandy, Georgetown, etc. through BC, BU, Villanova, Lehigh, etc. There’s really nothing for them in state between Princeton and Rutgers.

    Personally, when you get to the point of where people are taking a Clemson or SU (no insult to those schools) over Rutgers I scratch my head but kids want to go away.

  51. leftwing says:

    Also, an additional thought on the NJ college choice study above…..

    For the better part of 20 years I was in the air 160 days annually. I’ve spent a lot of time in other geographies. Each area has its own peculiarities.

    One of NJ’s distinctly ‘jersey’ traits is its residents’ disproportionately large focus on itself as a State. What do I mean?

    Ignore pass1on aroused by state university football teams and r1valries for the moment. No other state’s population comes close to focusing so intently on themselves as a STATE. Californians simply do not come up to you with “Yo, California, muthafukca, we’re the best!!! [fistbump]”. And argue the point endlessly. Nor Pennsylvania. Or Connecticut. And so on.

    It seems distinctly NJ for its residents to self identify so strongly with their specific State. Other areas have strong identities of course, but they seem to be either broader (New England), more narrow (specific city, region – upstate NY, etc), empl0yment (farming, etc), or envir0nmental (outd0ors, mountains, pla1ns, etc).

    Just something that struck me as I was typing the reply above to the study comm1ssioned by the NJ legislature on “out migration of HS graduates”. I just can’t picture another State even thinking that way, let alone comm1ssioning a study to examine why.

    FWIW

  52. The Original NJ ExPat says:

    Princeton probably shows the same favoritism for NJ that Harvard has for Boston, Massachusetts, and NE in general. Harvard unabashedly states that they are a Boston (area) school first, a NE school second, and a national school third. About 25 kids from Boston Latin and probably about the same amount from Cambridge Rindge and Latin making them Harvard’s top “feeder” schools.

    I’d like to see the same stats for Princeton. Anecdotally, from my kids’ HS Navaince system, it seems that Princeton is the Ivy of greatest population for at least this NJ blue ribbon town. Very likely that a high percentage of born and bred NJ kids attending NJ’s premier learning institution don’t stay here, especially with the entire absence of med, law, and business grad schools at Princeton.

  53. The Original NJ ExPat says:

    ^^^about 50 kids from those two High Schools annually, that is.

  54. The Original NJ ExPat says:

    I guess you can add Alabama to the list that doesn’t do this “one state” thing either. I was watching one of those on location feeds broadcast from a diner/restaurant in Mobile or some other spot today. The patron being interviewed said he knew what was going on with all of the money coming into “The North”, like it was Chicago or some other whole different place. He was talking about Birmingham and Huntsville.

    No other state’s population comes close to focusing so intently on themselves as a STATE. Californians simply do not come up to you with “Yo, California, muthafukca, we’re the best!!! [fistbump]”. And argue the point endlessly. Nor Pennsylvania. Or Connecticut. And so on.

  55. The Original NJ ExPat says:

    I guess you don’t get much, “Yo Homes! I jus’ be representin’ Oregon all the day.”

  56. The Original NJ ExPat says:

    In case anyone missed this, the S&P Telecom sector (currently 3 stocks in the S&P 500, 1 stock in the MidCap 400) will become the “Communications” sector in the fall, or what I would call FANG + Telecom.

    https://www.marketwatch.com/story/sp-to-wrap-telecom-media-stocks-into-one-sector-in-2018-2017-11-15

  57. 3b says:

    I know a few people in south Jersey outside Philly as far as they are concerned north Jersey might as well be another state. If anything they identify with Philly.

  58. No One says:

    TCNJ (The College of NJ) is supposed to be the elite state university. I know one kid (Chinese) who didn’t get into an Ivy despite doing all the stuff his Chinese mom guided him to do (high SAT, high grades, good extracurriculars), and so instead went to TCNJ, for medical school I think.
    Wikipedia says:
    “TCNJ is a highly selective institution, with a stated mission to keep New Jersey’s most talented students in-state for higher education. The college is recognized as one of the best public institutions in the United States and is consistently ranked as the No. 1 public institution in New Jersey in its category, known for its programs in business, education, engineering, humanities, nursing and science.”

  59. No One says:

    I kick myself for not naming my daughter Juanita. With a tan she could pass for Hispanic and get into top universities more easily. I never guessed 16 years ago that all you have to do is “identify as” to check the box.

  60. Libturd, AKA Dr. Howie Feltersnatch says:

    Not every0ne is in the top 10%. Why do the students in the 70-90% also emigrate?

    I think it’s because Rutgers and the other state schools are not much cheaper than attending school OOS. I know Gator went to UF since the price was about the same. If I had the same the choice, I’d do UF over RU any day of the week.

  61. 3b says:

    Lib when my Son went to RU the cost was about 22k per year vs URI or UD at about 40k so a big difference.

  62. homeboken says:

    “Not every0ne is in the top 10%. Why do the students in the 70-90% also emigrate?”

    The answer is very easy – Having gone through this thought process myself (20 years ago but still). The answer is not just the ability to obtain a degree. Where do I want to live for 4 years of my life? That includes food, entertainment, night-life and attractive members of the opposite sex. I could tell from my knowledge of state geography that I wasn’t going to be happy spending 4 years in East Brunswick. The beautiful campuses of New England or the Southern Belle’s down in SEC country blow the doors off RU all day long. It’s a marketing problem combined with a geography problem for Rutgers

  63. 3b says:

    Someone once told me they sent their child to an out of state school because they wanted to expose them to diversity!!

  64. 3b says:

    4 years is a drop in a life. As a parent that paid for their kids school I did not consider that. They had their choice go in state we pay in full. Go out of state you pay the difference. They took the in state choice.

  65. 3b says:

    Looks like Dow 25,000 any day now!!

  66. The Great Pumpkin says:

    You guys are overthinking this. Just put yourself into the shoes of a well off teenager (nj is rich, right….that’s why the Feds came a knocking with their tax plan). They want to get away from their parents and party their a$$ off. This is why so many nj students go away to out of state schools. For the parents that will not let their kid go out of state, they go to Rutgers to party their a$$ off.

  67. The Great Pumpkin says:

    Stop thinking like a parent, and instead like a teenager.

  68. Iamrooftog says:

    Anecdata germane to the discussion today: Saw a University of Maine billboard in Boston recently saying Massachusetts students can pay same tuition as in-state applicants from Maine.

    Quick google search confirms this:
    https://www.bostonglobe.com/metro/2015/12/13/university-maine-cuts-cost-for-mass-students/Gmxuu0029mM1aZNoIbVodN/story.html

    From the above story: For example, a Massachusetts student would pay the in-state UMass Amherst price of $14,141 instead of UMaine’s out-of-state rate of $28,880. The savings would be $14,709.

  69. chicagofinance says:

    Same opinion….no offense to those schools, but at $60K+ per year, they are a waste of time unless you are pulling close to a 4.0 in the standard bearer majors……add Fordham and a whole collection of like institutions.

    Any place that is not fully “need blind” is openly advertising what they are…..

    leftwing says:
    December 12, 2017 at 3:09 pm
    Personally, when you get to the point of where people are taking a Clemson or SU (no insult to those schools) over Rutgers I scratch my head but kids want to go away.

  70. chicagofinance says:

    Not everyone is a moron, you moron….not all kids want to party their a$$ off…..you moron, and at $60K-$70K per annum, the five year plan with a 3.3GPA is the sh!tter……you moron….

    The Great Pumpkin says:
    December 12, 2017 at 4:22 pm
    You guys are overthinking this. Just put yourself into the shoes of a well off teenager (nj is rich, right….that’s why the Feds came a knocking with their tax plan). They want to get away from their parents and party their a$$ off. This is why so many nj students go away to out of state schools. For the parents that will not let their kid go out of state, they go to Rutgers to party their a$$ off.

  71. 3b says:

    Pumps giving myself a hall pass today. Lots of good smart intelligent kids go to Rutgers and other state schools including mine. They got in and got out and worked hard and got good grades. We would not pay for less than a B and there was only a couple of those. And yes they partied. They also worked their asses off courses over the summer and winter break. They all got out in 4 years. Except one who attended another N.J. state school and had a 5 year program. They all went in with SUPA credits as well. You really are a unlikeable person in your arrogance and ignorance. Now back to ignoring.

  72. leftwing says:

    Lib, mentioned earlier, the 90-70 percentile is the sweet spot to leave NJ. Not qualified enough for Princeton, but likely top of class at Rutgers. Leaves that gap for about 30+ solid schools like Northwestern through Lehigh, the NESCAC, etc. Plus the intangible of going away.

    No One, not familiar with TCNJ but same wiki article has 49% acceptance rate and 24-28 on the ACT?

  73. 3b says:

    Some parents would not let their kids go to NYC as juniors and seniors in high school then let them go away and they were out of control! Once they are outside of the house does not matter distance wise how far away they are.

  74. The Great Pumpkin says:

    Wow, blasted again for speaking the truth.

  75. The Great Pumpkin says:

    So partying makes you a moron? Who doesn’t party in college?

    chicagofinance says:
    December 12, 2017 at 4:48 pm
    Not everyone is a moron, you moron….not all kids want to party their a$$ off…..you moron, and at $60K-$70K per annum, the five year plan with a 3.3GPA is the sh!tter……you moron….

  76. Libturd sporting Tiger Wood says:

    I got a 1.8 my freshman year.

  77. joyce says:

    If anyone wants to give some free non-legal non-financial advice, let me know if I’ve summarized the following correctly as we stand today (assuming the tax bill doesn’t affect this):

    1) Transfer real etate into revocable trust and sell it, cap gains exclusion still applies? (They did live in it all of the past five years) and there is no step up in cost basis?, doesn’t matter if cap gains exclusion applies

    And

    2) Transfer real estate into revocable trust, person passes away before sale, trust becomes irrevocable and beneficiaries receive step us in cost basis?

  78. Grim fan says:

    Re Property tax grievance @ 10:04 am

    Having successfully navigated four appeal processes and advising acquaintances on many more, there are two key rules in picking comps:

    1 – Ensure each comp is usable – if there’s an SR1A (non-usable) code marked for the sale (code 1-31) then it cannot be used

    2 – For residential appeals the municipality will likely expect your comps to be the same house style as the one you’re appealing, eg Ranch/Colonial/Bungalow etc. However I’ve found there to be some latitude with this esp on an older oddball home

    Also I believe if the home is corporate-owned (LLC etc) you’ll need an attorney to represent the case, I think also for properties with a market value over 1mil.

  79. Yo! says:

    On 2018 spring market:

    Will be uuuuge in Hudson County and train towns, bigger than 2017. Lack of inventory plus homebuyer enthusiasm will equal buyers’ sense of urgency and price increases in high single digits – in Hudson County and 1920s train towns. These buyers wield bazookas of big stock market gains and in many cases surging condo equity. Boring burbs (Wayne) will be up slightly while south and northwestern NJ will watch home price fall further, sometimes into 1990s territory.

  80. 3b says:

    Yo I think we have to wait and see how the tax charges salt,property tax cap, mtg deduction cap plays out.

  81. The Original NJ ExPat says:

    Hey Pumps, how’s the progress coming along at getting your GED?

  82. The Original NJ ExPat says:

    My two youngest siblings went to WVU because it was cheaper than Rutgers in the mid-1980’s.

  83. Grab them by the puzzy says:

    @ShaunKing

    I believe Roy Moore being elected is worth a revolt – both economic and political.

    He is an anti-gay, anti-Black, Islamophobic, child molester. He is a threat to the safety of millions of people.

    The Republican Party made a horrible mistake backing him.

  84. The Original NJ ExPat says:

    I used to get a kick out of the South Jersey white trash who went to Rutgers. They usually came from single/divorced/unemployed Mom-headed families and had a free ride. They never went to a class and partied every day. 1st semester all F’s, second semester on probation and same grades, and then they were gone. Their one year all expenses paid vacation was over and they seemed like they knew it was going to be that way on day 1.

  85. The Original NJ ExPat says:

    I believe Roy Moore being elected is worth a revolt – both economic and political.

    He is an anti-gay, anti-Black, Islamophobic, child molester white Republican. He is a threat to the safety of millions of people.

  86. Grab them by the puzzy says:

    @BarackObama

    Happy Hanukkah, everybody, from the Obama family to yours.
    Chag Sameach!

  87. The Original NJ ExPat says:

    @BarackObama

    Happy Hanukkah, everybody(unless you are an Israeli Jew), from the Obama family to yours .
    Chag Sameach!

  88. Grab them by the puzzy says:

    @MarkRuffalo

    Lets upset the political establishment and cynical calculations of the GOP/Trump industrial complex.

    #VoteDougJones

  89. Blue Ribbon Teacher says:

    Lots of good smart intelligent kids go to Rutgers and other state schools including mine.

    The kids that permeate Busch Campus, a lot of them are on presidential scholarship and opted for free RU tuition as opposed to an expensive undergrad education. Some of the top students in the state go to RU via this route. They figure, take the free tuition, get a 4.0, and go to MIT for grad school.

    The big secret that I’m not sure people are aware of is that you can go to Harvard or MIT grad school to study science/engineering on a 3.8 from RU. If you are a girl, you can probably go on a 3.4

  90. 3b says:

    Blue makes perfect sense. I can’t see how people pay over 50k a year for some of these private colleges in the tri state area.

  91. Grab them by the puzzy says:

    “How did ‘less than stellar’ high school student Jared Kushner get into Harvard?

    Donald Trump’s son-in-law was accepted into the Ivy League university in the wake of a $2.5m pledge made by his parents”

    Daniel Golden

    My book exposed a grubby secret of American higher education: that the rich buy their underachieving children’s way into elite universities with massive, tax-deductible donations. It reported that New Jersey real estate developer Charles Kushner had pledged $2.5m to Harvard University not long before his son Jared was admitted to the prestigious Ivy League school, which at the time accepted about one of every nine applicants. (Nowadays, it only takes one out of 20.)

  92. grim says:

    Who do you think pays for scholarships? Santa Claus?

    Half a dozen kids were able to graduate from Harvard for the price of one idiot attendee. Who wouldn’t take that ROI?

  93. chicagofinance says:

    This is news? If you went to an Ivy, you would know this one…..obviously you did not….. also true of Chicago Booth…..

    Grab them by the puzzy says:
    December 12, 2017 at 8:09 pm
    “How did ‘less than stellar’ high school student Jared Kushner get into Harvard?

    Donald Trump’s son-in-law was accepted into the Ivy League university in the wake of a $2.5m pledge made by his parents”

    Daniel Golden

    My book exposed a grubby secret of American higher education: that the rich buy their underachieving children’s way into elite universities with massive, tax-deductible donations. It reported that New Jersey real estate developer Charles Kushner had pledged $2.5m to Harvard University not long before his son Jared was admitted to the prestigious Ivy League school, which at the time accepted about one of every nine applicants. (Nowadays, it only takes one out of 20.)

  94. chicagofinance says:

    Dr. M’Benga: Well, the pattern of cellular disruption was the same, but as to the cause, well, your guess is as good as mine.
    Mr. Spock: My guess, Doctor, would be valueless. I suggest we refrain from guessing and find some facts.

    The Great Pumpkin says:
    December 12, 2017 at 5:20 pm
    Wow, blasted again for speaking the truth.

  95. xCSx says:

    Places like kinnelon are going to get destroyed home price wise. $15k taxes on an average house with an ever more shitty NYC commute.

  96. xCSx says:

    And yes between Princeton and Rutgers there is no decent school. I went out of state to villanova, I did come back though. My sister went to Bentley and stayed in Boston. Most successful people I know from high school did not return.

  97. Bystander says:

    Damn, suck it Trump. Doug Jones wins.

  98. The Original NJ ExPat says:

    The Great Pumpkin says:
    December 12, 2017 at 5:20 pm
    Wow, blasted again for speaking the truth out of my ass on something I know nothing about, secondary education. BTW, I do too have three degrees, I made them with my own crayons, glue, and glitter.

Comments are closed.