Author Archives: grim

Upper middle class not paying their fair share?

From Bloomberg: Should the Upper Middle Class Take the Biggest Tax Hit? Humans learn the concept of fairness at a very young age. After all, it doesn’t take long for a child to start whining about a sibling who gets … Continue reading

Posted in Demographics, Economics, National Real Estate, Politics | 67 Comments

New life into old suburbs?

From LoHud: Study: NYC suburbs could use 250K more transit-oriented homes The solution to rising housing prices in the New York metro area could be the addition of 250,000 homes to the city’s suburbs over the next 20 years, according … Continue reading

Posted in Demographics, Economics, New Development, North Jersey Real Estate, NYC | 49 Comments

House Bill Passes, 1 NJ Republican Signs

From the Star Ledger: ‘Open season on N.J.’: With Trump backing, House GOP votes to cut your property tax break With the help of one New Jersey Republican, the U.S. House on Thursday passed sweeping tax legislation that would end … Continue reading

Posted in Economics, National Real Estate, Politics, Property Taxes | 87 Comments

Look on the bright side, maybe we can afford to go to the beach again

From the Star Ledger: Ivanka in Bayville: Tax reform will be the law of unintended consequences During his brief speech, Treasury Secretary Mnuchin said that there will be winners and losers in New Jersey under the tax-reform plans. “For people … Continue reading

Posted in National Real Estate, New Jersey Real Estate, Politics | 236 Comments

Senate’s handling of MID a head scratcher

From HousingWire: Housing industry gives mixed response to Senate tax reform bill One of the biggest changes from the House tax reform bill is that the Senate’s version would leave the mortgage interest deduction intact at its current cap of … Continue reading

Posted in Economics, Mortgages, National Real Estate, Property Taxes | 67 Comments

That time of year again

From The Street: Top Predictions for U.S. Home Prices In 2018 Danni Springfield, a real estate agent at The Springfield Group in San Antonio, Tx. – Even relatively steady markets are seeing impressive growth in the housing market, Springfield says. … Continue reading

Posted in Demographics, Economics, National Real Estate | 23 Comments

Senate says “F*ck You New Jersey” and proceeds to piss all over us

From the Star Ledger: Senate GOP bill delivers bigger blow to N.J. by killing your entire property tax break The entire federal deduction for state and local taxes — an important tax break for New Jersey residents — would end … Continue reading

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 159 Comments

Vancouver tops NYC and SF for least affordable

From HousingWire: New study reveals least affordable city in North America Home prices are out of control in markets such as San Francisco and Manhattan, which have the lowest levels of affordability in the U.S., however other cities in North … Continue reading

Posted in Demographics, Economics, National Real Estate | 100 Comments

An outsider gets his chance

From Politico: Murphy defeats Guadagno to become New Jersey’s next governor Democrat Phil Murphy, a millionaire former Goldman Sachs executive and U.S. ambassador to Germany who’s never held elective office, will succeed Republican Chris Christie as New Jersey’s governor after … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 151 Comments

Who would want to win?

From Fox Business: N.J. voters worry about taxes as they elect a new governor New Jersey’s voters will decide Tuesday who will take over running the state from outgoing Republican Gov. Chris Christie, who, after two terms in office, is … Continue reading

Posted in Politics | 180 Comments

Selling the tax plan through small business

From the Star Ledger: Why a Trump Cabinet official made a weekend trip to N.J. U.S. Small Business Administrator Linda McMahon discussed the Republican tax cut plan on a trip to New Jersey on Saturday as supporters touted the proposal … Continue reading

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

How will the housing market react?

From Forbes: What The Republican Tax Bill Means For The Value Of Your Home House Republicans released their long awaited tax bill Thursday. The proposal is a long way from becoming the law of the land, but the draft contains … Continue reading

Posted in Mortgages, National Real Estate, Politics, Property Taxes | 42 Comments

The push for $12,500.

From the Washington Examiner: New Jersey Rep. Tom MacArthur wants cap on property tax deduction lifted in tax bill A key Republican lawmaker said Thursday that he wants to lift the new tax bill’s cap on property tax deductions, a … Continue reading

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

Camden on the mend?

From WHYY: Camden on the rise? New data show poverty is falling Ken Hammon’s driveway says it all. About halfway down Tuckahoe Road in South Camden, sits the black Mustang the 31-year-old bought thanks to a life-changing job at Holtec … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 187 Comments

MarketNews October

From Otteau Group: MarketNews October After four consecutive months of increases, home purchase contracts in New Jersey were basically unchanged during the month of September, increasing by just 0.4%. This is compared to a 12% increase one year ago in … Continue reading

Posted in Economics, New Jersey Real Estate | 94 Comments