Category Archives: Unrest

Looks like we got a loophole

Posted on January 24, 2018 by grim

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 | 88 Comments

So what’s this all mean for fifteen?

Posted on January 18, 2018 by grim

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 | 185 Comments

The death spiral continues

Posted on January 17, 2018 by grim

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

NJ Democrats face existential crisis

Posted on January 15, 2018 by grim

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

Everyone hates affordable housing

Posted on December 22, 2017 by grim

From the Jersey Journal: Court win for developer of micro units opposed by neighbors The four-year fight over a micro-unit building slated for Downtown Jersey City is finally over, with the New Jersey Supreme Court this month declining to hear … Continue reading →

Posted in Demographics, New Development, New Jersey Real Estate, Unrest | 98 Comments

Bet the letters stop now…

Posted on October 19, 2017 by grim

From the Star Ledger: Judge throws out infamous Westfield ‘Watcher’ lawsuit A Superior Court judge on Wednesday dismissed the remaining counts of a civil lawsuit involving the infamous “Watcher” house, ending years of litigation about the Westfield home that gained … Continue reading →

Posted in New Jersey Real Estate, Unrest | 69 Comments

F*ck You New York Times

Posted on October 3, 2017 by grim

From the NYT: Jared Kushner’s Entitlement Is New Jersey Born and Bred Lots of explanations have been put forward as to why Mr. Kushner seems to operate as though the rules don’t apply to him. Perhaps there’s one more factor … Continue reading →

Posted in New Jersey Real Estate, Politics, Unrest | 239 Comments

50 years later

Posted on July 12, 2017 by grim

From the Star Ledger: Race, riots and reputation: Has N.J.’s largest city recovered? To this day, you look at so many of the abandoned buildings, the light manufacturing, the old jewelry business, you walk around downtown, you still see the … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, Unrest | 75 Comments

Buy? Buy what?

Posted on May 18, 2017 by grim

From CNBC: Real estate CEO: Record-low housing inventory is ‘freaking us out’ The number of homes for sale in America has been falling steadily for the past year, but the situation is apparently getting much worse as spring demand heats … Continue reading →

Posted in Economics, National Real Estate, Unrest | 89 Comments

So much for Bedminster

Posted on May 2, 2017 by grim

From Town and Country: Donald Trump Is Heading to His Bedminster Golf Club This Weekend It looks like the president will be spending the weekend in New Jersey. According to a Federal Aviation Administration notice posted online today, there will … Continue reading →

Posted in Politics, Unrest | 81 Comments

Shut Up Gen X

Posted on February 6, 2017 by grim

From the NY Times: Generation X More Addicted to Social Media Than Millennials, Report Finds We all know the stereotype: silly millennials, tethered to their phones, unable to accomplish the simplest tasks without scrolling their Instagram feeds, snapping their friends … Continue reading →

Posted in Demographics, Unrest | 33 Comments

Should we even bother saving AC?

Posted on August 5, 2016 by grim

From the APP: Icahn: Union got Taj Mahal workers to kill own jobs Billionaire investor Carl Icahn wrote a letter Thursday to the soon-to-be unemployed workers of the Trump Taj Mahal casino, accusing their union of inciting them to destroy … Continue reading →

Posted in Shore Real Estate, Unrest | 43 Comments

Hubler does somewhat better in the real-world market

Posted on May 11, 2016 by grim

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

Posted on April 12, 2016 by grim

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 | 69 Comments

America hates New York City

Posted on April 8, 2016 by grim

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