Category Archives: Politics

NJ’s tax scheme … will fail

From the Star Ledger: Here’s how N.J. lawmakers propose to save your property tax break The state Senate began its work Thursday devising a way to prevent New Jersey taxpayers from losing a popular property tax break as a result … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 167 Comments

Net net … nothing?

From the Washington Post: Predictions of a crash in housing prices have not come true Were fears overblown that changes to the federal tax law would trigger plunging home values? You might recall the scary predictions that began coming last … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, Politics | 211 Comments

Taxing to fix the tax problem

From City Journal: New Jersey’s Tired Tax Tricks “New Jersey needs tax reform to guarantee relief from soaring taxes.” That was the plea Brendan Byrne, a Democratic former governor of the Garden State, made 43 years ago to a group … Continue reading

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 156 Comments

Looks like we got a loophole

From Bloomberg: State Tax Workarounds Could Mean $154 Billion Lost to Treasury New York state lawmakers could punch a $50.6 billion hole in the federal government’s budget by revamping their state income tax. If California followed the same approach, its … Continue reading

Posted in New Jersey Real Estate, NYC, Politics, Property Taxes, Unrest | 87 Comments

So what’s this all mean for fifteen?

From the Washington Post: Minimum wage, sick leave, ethics top Murphy’s agenda Democratic New Jersey Gov. Phil Murphy spent his first full day on the job Wednesday rallying for a $15 minimum wage and statewide paid sick leave, holding a … Continue reading

Posted in New Jersey Real Estate, Politics, Unrest | 183 Comments

The death spiral continues

From the Star Ledger: Ex-N.J. attorney general.: How Murphy can make state more affordable It’s become a ritual of gubernatorial transition in New Jersey: the incoming governor expresses “shock” at the dismal state of New Jersey’s finances, thus setting up … Continue reading

Posted in Economics, New Jersey Real Estate, Politics, Unrest | 107 Comments

Make NJ Cool Again

From the APP: Phil Murphy wants to spark NJ economy, but how? New Jersey’s economy looks far different than it did when the Great Recession struck a decade ago, but its long-standing problems are firmly in place, academic and business … Continue reading

Posted in Economics, New Development, New Jersey Real Estate, Politics | 87 Comments

NJ Democrats face existential crisis

From the Star Ledger: Democrats take control … of empty treasury | Moran After Gov. Chris Christie hands off to Phil Murphy in two days, liberals in New Jersey will be unleashed to do as they please, with unchecked power … Continue reading

Posted in Economics, Employment, New Jersey Real Estate, Politics, Unrest, Where's the Beef? | 59 Comments

Pyrrhic victory?

From the Star Ledger: N.J. Legislature clears way for $5B in Amazon tax breaks The state Legislature on Monday embraced Gov. Chris Christie’s plan to offer Amazon $100,000 per job it creates should it build its sought-after second headquarters in … Continue reading

Posted in Economics, New Development, New Jersey Real Estate, Politics | 88 Comments

Parting shot or return to ugly reality?

From Pensions and Investments: Fiscal woes greeting N.J. governor New Jersey’s Republican state treasurer sharply reduced the New Jersey Pension Fund’s assumed rate of return, producing a financial and political dilemma for Gov.-elect Phil Murphy, a Democrat, who will be … Continue reading

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 109 Comments

Loopholes and tax cuts

From the NYT: Democrats in High-Tax States Plot to Blunt Impact of New Tax Law Democrats in high-cost, high-tax states are plotting ways to do what their states’ representatives in Congress could not: blunt the impact of the newly passed … Continue reading

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 120 Comments

Stick it to Trump by paying early?

From the Star Ledger: Christie orders N.J. towns to accept 2018 property tax prepayments New Jerseyans rushing to their town halls this week in hopes of immediately paying next year’s property tax bills before the new federal tax law kicks … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 85 Comments

Will NJ home prices fall?

From NJTV: Tax reform throws NJ real estate market into period of uncertainty The president gathered a crowd outside the White House to celebrate the new tax plan last week. Republicans cheered the new order, but across New Jersey homeowners … Continue reading

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 170 Comments

Give NJ even more money?

From NJBIZ: New Jerseyans need to prepay real estate, local taxes before year’s end, say accountants New tax reform laws could spur New Jerseyans – retirees in particular – to sell their homes and move into rental spaces, according to … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 169 Comments

Hey Murphy – want to stick it to Trump?

From Bloomberg: These Are the Tricks States May Use to Get Around the SALT Deduction Exploiting tax loopholes is a sport associated with rich people and their fancy accountants. State governments may have to start getting fancy, too. Republican Senate … Continue reading

Posted in National Real Estate, New Jersey Real Estate, Politics, Property Taxes | 185 Comments