Monthly Archives: March 2018

NJ 2017 Flip Rate – 6%

Posted on March 14, 2018 by grim

From NJ1015: WHY NJ HAS BECOME A HOT SPOT FOR FLIPPING HOUSES Flipped homes represented more than 6 percent of all New Jersey home sales in 2017. More than 7,500 one-family properties that exchanged hands last year already had a … Continue reading →

Posted in New Development, New Jersey Real Estate | 130 Comments

Now *THIS* is a useful list

Posted on March 13, 2018 by grim

From the Star Ledger: N.J. has too many damn towns. Here are 25 that need to go. It’s almost spring cleaning season, fellow New Jerseyans, and it’s time we broached a familiar and heretofore unresolved issue in this crazy state: … Continue reading →

Posted in Humor, New Jersey Real Estate | 117 Comments

Low taxes, but not really.

Posted on March 12, 2018 by grim

For most of these towns, there are some pretty sizable factors that keep taxes low, but are largely irrelevant for the rest of NJ. From the Star Ledger: Here are the 30 N.J. towns with the lowest property taxes Last … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics | 46 Comments

So they aren’t moochers?

Posted on March 10, 2018 by grim

From the APP: Don’t blame NJ’s high taxes on ‘Moocher states’: Malanga Last year’s federal tax reform act has prompted a lot of hand wringing and hyperbolic language from New Jersey officials over the loss of the state and local … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, Politics, Property Taxes | 40 Comments

I say flip it, flip it good

Posted on March 8, 2018 by grim

From Bloomberg: Home Flippers Pile Into the U.S. Market, Scoring Higher Profits Property investors were bullish on the U.S. housing market in 2017, flipping more homes than in any year since 2006, when the real estate bubble that helped upend … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 141 Comments

NJ fights back on business taxes, then taxes business

Posted on March 7, 2018 by grim

From the Star Ledger: We’ve got sure-fire plan to save small businesses from Trump tax law, N.J. lawmakers say New Jersey lawmakers who are already offering up a scheme to save homeowners the state and property tax deduction gutted by … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics | 97 Comments

And they think this charitable contribution scheme has a chance?

Posted on March 6, 2018 by grim

From the Star Ledger: IRS action on prepaid property taxes slammed as ‘naked political payback’ against N.J. New Jersey Rep. Bill Pascrell Jr. and other Democrats on Monday accused the Internal Revenue Service of “naked political payback” for refusing to … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 89 Comments

Will transition to rentership put ownership even further out of reach?

Posted on March 5, 2018 by grim

From the WSJ, hat tip hoodafa: Why New Jersey’s Soaring Foreclosures Are Good for the Housing Market New Jersey’s foreclosure crisis is hitting a peak, and that could be a boon for the state’s housing market. While bank repossessions across … Continue reading →

Posted in Demographics, Economics, Foreclosures, New Jersey Real Estate | 93 Comments

Who is to blame?

Posted on March 4, 2018 by grim

From the Star Ledger: Trump trying to block funding for Gateway Tunnel project President Donald Trump is trying to block federal funding for the Gateway Tunnel project even though the House has already allocated $900 million for it, according to … Continue reading →

Posted in New Jersey Real Estate, NYC, Politics | 34 Comments

Recovered or back to a bubble?

Posted on March 2, 2018 by grim

From HousingWire: CoreLogic: Housing market nearly recovered from recession CoreLogic, a global property information, analytics and data-enabled solutions provider, released a report outlining the real estate economy from 2006 to 2017, showing that the housing market has nearly completely recovered … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 105 Comments

Will it work?

Posted on March 1, 2018 by grim

From Bloomberg: New Jersey Senate Passes Charitable Tax Workaround New Jersey residents might be able to avoid federal deduction limits on property taxes by converting them to a charitable contribution under a proposal the state Senate approved Feb. 26. S.B. … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 146 Comments