Monthly Archives: February 2019

Thank Trump for fixing NJ’s property tax issue

From CNBC: One surprising way to beat the SALT deduction cap: Move to a nearby town A few years ago Dawn Donaghy and her husband, Raymond, made a decision that many residents in high-tax states make. They wanted to move. … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 110 Comments

Stop making sense

From the APP: Making NJ competitive will do more than $15 minimum wage New Jersey routinely places at or near the bottom in almost every economic analysis of states in America. It’s one of the worst places in the country … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, Politics | 21 Comments

Uh oh.

From the Star Ledger: N.J. revenues continue to slump, and Trump tax reforms are blamed New Jersey’s state budget is really feeling the effects of the federal tax reform hangover now. Last month, Gov. Phil Murphy’s administration warned tax revenues were … Continue reading

Posted in Economics, Employment, New Jersey Real Estate, Politics, Property Taxes | 105 Comments

No deals in 2019

From CNBC: Here’s why the housing market, while still risky, won’t be all bad for buyers in 2019 With spring on the way, many home buyers are starting their hunt for a new home. But with the housing market in … Continue reading

Posted in Demographics, Economics, National Real Estate | 99 Comments

Thank goodness Cuomo’s our governor … wait

From Newsday: Cuomo to meet with Trump to seek end of cap on SALT deductibility Gov. Andrew M. Cuomo said he is scheduled to meet with President Donald Trump on Tuesday to press his effort to overhaul Trump’s tax plan, which … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 108 Comments

Publicity stunt worked, but will it sell?

In case you’ve been living in a cave, or basement… From the Star Ledger: Big uproar erupts over house with sex basement, just 30 minutes outside of N.J. We’re not recommending you leave the Garden State, but if you’re looking … Continue reading

Posted in Lowball, Philly | 65 Comments

Tax those who attempt to leave

From Fox News: Mansion sales rise in Florida as wealthy buyers are drawn to its low taxes and sunshine Is bigger really better? It’s true to Florida buyers. Many wealthy buyers are moving to the Sunshine State for higher ceilings … Continue reading

Posted in Demographics, Economics, Property Taxes | 140 Comments

See ya!

From the NY Post: As revenue drops, concern about the proposed state budget rises Gov. Andrew M. Cuomo on Monday announced a dramatic drop in state income tax revenue of $2.8 billion, which he says will prompt him to revise his 2019-20 budget … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, NYC | 159 Comments

Another hit to the shore

From Shorebeat: Legislators: N.J. Minimum Wage Hike A ‘Death Sentence’ for Jersey Shore Economy Shore area businesses will be forced to either raise prices, cut workers or close down entirely in the wake of the state’s proposed law that gradually increases … Continue reading

Posted in Economics, Employment, Shore Real Estate | 79 Comments

$15 here we come

From the Star Ledger: N.J. minimum wage set to rise to $10 in July and $15 by 2024 after big votes The Democrat-controlled state Legislature on Thursday gave approval to an historic increase in New Jersey’s minimum wage to $15 … Continue reading

Posted in Economics, New Jersey Real Estate, Politics | 73 Comments