Category Archives: Unrest

Hubler does somewhat better in the real-world market

From the Star Ledger: Notorious ‘subprime villain’ Howie Hubler unloading Rumson estate for $4.5M The former Morgan Stanley bond trader believed to have lost more money than any single trader in the history of Wall Street has put his Rumson … Continue reading

Posted in Housing Bubble, Mortgages, Risky Lending, Unrest | 103 Comments

More settlements … no guilt … no prosecution

From the Star Ledger: Goldman Sachs to pay $5 billion for its role in housing bubble Goldman Sachs has agreed to pay more than $5 billion to settle charges it sold mortgages it knew were likely to fail during the … Continue reading

Posted in Mortgages, Politics, Risky Lending, Unrest | 68 Comments

America hates New York City

Don’t read New Republic but this popped up on my feed this morning and I thought it was especially interesting in the wake of Cruz getting booted from NYC. From New Republic: New York Campaign Ads Are a Tale of … Continue reading

Posted in Humor, Unrest | 88 Comments

Never going back again

New Jersey’s new state song: From the Record: 55-year fight to name a New Jersey state song gains traction Mascara, also known as Joseph Rocco Mascari of Phillipsburg, was a fixture at the State House for 55 years as he … Continue reading

Posted in Humor, New Jersey Real Estate, Unrest | 34 Comments

Oh boy…

From News 12: Toms River ordinance bans aggressive real estate solicitation Door-to-door real estate solicitation is now forbidden in areas of Toms River. The “cease and desist” ordinance went into effect Friday. The ordinance comes after many complaints by Toms … Continue reading

Posted in New Jersey Real Estate, Politics, Unrest | 59 Comments

What cap?

From the Record: Property tax cap growing weaker across North Jersey; more towns than ever exceed 2% limit Reforms enacted in 2011 to keep the nation’s highest property taxes in check are showing signs of weakening as a growing number … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes, Unrest | 7 Comments

LA cracks down on tiny houses illegal housing

From NPR: LA Officials Bring The Hammer Down On Tiny Houses For Homeless Elvis Summers is not part of any nonprofit or government agency. He’s just a 38-year-old guy with a Mohawk and tattooed arms who started a GoFundMe campaign … Continue reading

Posted in Economics, Politics, Unrest | 41 Comments

Leave and you lose your benefits?

From the Courier Post: RABBLE ROUSER: Don’t reward workers who leave NJ Stop rewarding people for moving out of New Jersey. This would be a good start in trying to be fiscally responsible. Let me tell you a short story. … Continue reading

Posted in Unrest | 133 Comments

Not NY, but we’ll take it personally too

From the Star Ledger: Hey Ted Cruz: We’ve got your New York values, right here Ted Cruz rarely comes to New York, other than those occasional visits to Goldman Sachs, where this man of virtue drops his hat on the … Continue reading

Posted in Politics, Unrest | 29 Comments

No more patience as AC fails to deliver

From Bloomberg: New Jersey May Seize Atlantic City as Rebound Eludes Casinos After almost five years of piecemeal efforts to fix Atlantic City, New Jersey’s distressed seaside resort faces more drastic measures: the end of its casino monopoly and a … Continue reading

Posted in New Jersey Real Estate, Politics, Unrest | 94 Comments

Zillow liberates data, dirty Realtors fight back

From HousingWire: Here is the latest attack aimed at Zillow’s latest attack at Zillow Group (ZG) took it to the streets, removing a house from the residential block by wrapping it in what they say is a real-life … Continue reading

Posted in Humor, Unrest | 114 Comments

Even power plants get foreclosed on in Jersey

Not residential real estate, but how can I not post this fiasco of epic proportions. From Bank begins foreclosure on power plant at Revel A bank is foreclosing on the power plant at the center of a dispute that … Continue reading

Posted in Economics, Humor, New Development, Unrest | 88 Comments

The new closed market

From the WSJ: Real-Estate ‘Pocket Listings’ Go Mainstream The 19th-century brick rowhouse on a leafy street in the capital’s upscale Dupont Circle neighborhood is the sort of property that usually would spark a bidding war in a hot real-estate market. … Continue reading

Posted in National Real Estate, Unrest | 93 Comments

Flipping Revel?

From the Star Ledger: Revel owner trying to flip closed casino to new buyer, power company says The power company engaged in a prolonged legal battle over energy costs at the former Revel casino claims in a recent court filing … Continue reading

Posted in New Development, South Jersey Real Estate, Unrest | 139 Comments

Even NJ Hates NJ

From the Star Ledger: N.J. residents’ positive feelings about their state hits 35-year low, poll shows New Jersey and you, imperfect together. The percentage of New Jersey residents considering their state a good or excellent place to live dropped to … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate, Unrest | 118 Comments