Category Archives: Shore Real Estate

Rent a shore house, pay a new tax, unless you use a realtor

Posted on October 4, 2018 by grim

One of the most disgusting pieces of protectionist legislation I’ve ever seen. From the APP: NJ Airbnb users now must pay tax, unless they use a real estate agent Visitors to the Shore who want to avoid paying a new … Continue reading →

Posted in New Jersey Real Estate, Shore Real Estate, Unrest | 38 Comments

The tax on shore rentals nobody knew about

Posted on September 18, 2018 by grim

From the Star Ledger: Summer-rental bill turns homeowners into tax collectors Former state Sen. Ray Lesniak recalls that when he was a kid his family would head down to Wildwood every summer looking for a vacation rental. “We’d just knock … Continue reading →

Posted in Politics, Property Taxes, Shore Real Estate | 67 Comments

What’s going on in Brick?

Posted on July 11, 2018 by grim

From the Shorebeat blog: Brick Has a Major Foreclosure Problem on Its Hands Brick Township’s foreclosure rate is nearly double the state average and five times as high as the national average, leading Brick officials to contract with a firm … Continue reading →

Posted in Foreclosures, New Jersey Real Estate, Shore Real Estate | 78 Comments

AC back on track?

Posted on June 26, 2018 by grim

From the WSJ: Atlantic City Places a New Bet on an Old Favorite: Casinos Two years after plummeting gambling revenue nearly tipped this seaside resort into bankruptcy, two new casinos are opening on the boardwalk. The casinos, which have hired … Continue reading →

Posted in Economics, Shore Real Estate, South Jersey Real Estate | 92 Comments

Last cheap house at the shore?

Posted on June 12, 2018 by grim

From the Star Ledger: While there is a significant amount of hype around an Atlantic City revival in 2018, that upward swing hasn’t happened just yet. You know what that means? It is still relatively inexpensive to buy real estate … Continue reading →

Posted in Shore Real Estate | 154 Comments

Hot summer at the Jersey Shore?

Posted on April 2, 2018 by grim

From the Press of Atlantic City: Demand for South Jersey summer rentals increases Atlantic and Cape May counties generally finish first and second, respectively, in terms of tourism dollars spent, hotels and homes rented, and other spending indicators measured each … Continue reading →

Posted in Economics, Shore Real Estate | 67 Comments

Has Asbury made it?

Posted on July 20, 2017 by grim

From the NY Post: Jersey Shore’s Asbury Park returns to its glory days Few towns along the Jersey Shore have enjoyed a more visible beachfront revival over the past few years than Asbury Park, the vibrant summer enclave about 60 … Continue reading →

Posted in Demographics, Economics, New Development, Shore Real Estate | 56 Comments

So much for the summer job

Posted on July 3, 2017 by grim

From Time: Where Did America’s Summer Jobs Go? It’s not like the jobs aren’t there. The ice cream still needs scooping. A Tilt-a-Whirl doesn’t run itself. And that floppy, weirdly heavy rubber frog that somersaults toward the rotating lily pads? … Continue reading →

Posted in Economics, Employment, National Real Estate, Shore Real Estate | 57 Comments

Gentrification of the shore almost complete?

Posted on June 20, 2017 by grim

From the NYT: Memories of a Jersey Shore Town, Before a Boom On a hot August afternoon in the late 1990s, I waited at Donnelly’s Deli in Avalon, N.J., for our family’s sandwich order. This was a rare treat. We … Continue reading →

Posted in Demographics, Economics, Shore Real Estate | 176 Comments

How your tax dollars are spent to protect the wealthy

Posted on May 30, 2017 by grim

From Climate Central: How Rising Seas Drowned the Flood Insurance Program Long Beach Island is the largest and richest barrier island in New Jersey, an oasis of sprawling oceanfront retreats and second homes located midway down the state’s heavily developed … Continue reading →

Posted in Politics, Risky Lending, Shore Real Estate | 22 Comments

Somebody believes in AC

Posted on February 22, 2017 by grim

From the AP: Showboat Owner Blatstein Buys Land Nearby in Atlantic City Bart Blatstein, the Philadelphia developer who’s been buying up distressed Atlantic City properties and re-opening them, has added three more Boardwalk parcels for about $6 million. Blatstein, who … Continue reading →

Posted in New Development, New Jersey Real Estate, Shore Real Estate | 117 Comments

The other South Jersey market

Posted on February 21, 2017 by grim

From the Press of Atlantic City: South Jersey beach construction booming John Van Duyne heads into a house he recently finished building, a few doors off the beach in Ventnor. He points out the quartz shower seats and countertops in … Continue reading →

Posted in New Development, Shore Real Estate | 52 Comments

Think warm thoughts – shore rentals already up 33% YOY.

Posted on February 12, 2017 by grim

From the Philly Inquirer: The rush is already on for rentals at the Jersey Shore From the second-story deck of his aunt’s rental property near 20th and Central, real estate agent Bill Godfrey points out the ocean view a block … Continue reading →

Posted in Economics, New Jersey Real Estate, Shore Real Estate | 55 Comments

Regulations killing Atlantic City

Posted on February 5, 2017 by grim

From the Star Ledger: Casino bureaucracy Revels in red tape instead of fixing past mistakes in A.C.: Mulshine I was driving across the country a few years ago when I decided to get off the Interstate and try some local … Continue reading →

Posted in Politics, Shore Real Estate | 22 Comments

Foreclosure City

Posted on January 14, 2017 by grim

From the Press of Atlantic City: Foreclosures continue to plague housing market in Atlantic County To Dan Boddy, a veteran real estate agent based in Galloway Township, mortgage foreclosures aren’t just a key part of the Atlantic County housing market. … Continue reading →

Posted in Foreclosures, New Jersey Real Estate, Shore Real Estate | 17 Comments