From Bloomberg:
Sales of U.S. Existing Homes Probably Rose to Three-Year High
Sales of existing homes probably climbed in April to the highest level in more than three years, giving a lift to the U.S. expansion, economists said before a report today.
Purchases of previously owned residences rose to a 4.99 million annualized rate last month, the highest since November 2009, from 4.92 million in March, according to the median forecast of 78 economists surveyed by Bloomberg.
Housing has gained strength as borrowing costs near record lows and job gains rebuild confidence, spur demand and stabilize prices. The effects are rippling through the world’s largest economy, affecting builders including Ryland Group Inc., retailers such as Home Depot Inc. (HD), and mortgage lenders.
“The market is definitely a lot healthier than it has been for some time,” said Richard Moody, chief economist at Regions Financial Corp. in Birmingham, Alabama. “Other parts of the economy aren’t holding up their part of the bargain, but housing is holding up its end.”
Federal Reserve Chairman Ben S. Bernanke, who is to testify before Congress today on the economic outlook, will be able to point to the real estate rebound as a policy success even as manufacturing and other sectors cool. The central bank is boosting home sales and holding down interest rates with $40 billion a month in mortgage bond purchases.
…
The National Association of Realtors’ home-sales report is due at 10 a.m. Washington time. Economists’ projections in the Bloomberg survey ranged from 4.85 million to 5.1 million.The projected pace of April sales would be the fastest since a homebuyer tax credit was first due to expire in November 2009. It would be the third-highest since July 2007.
The cadaver is still being transfused.
This all ends in tears.
didn’t know if I should post this, but since everybody labeled “centrist” yesterday. then again regarless of political persuation we can all agree that bill always tells it like it is.
@billmaher: I see, the IRS was using search words to target conservatives, like “TeaParty”or “Patriots.” Or “halfwit” “cretin” “shitforbrains” “dumbass”
Housing has gained strength as borrowing costs near record lows and job gains rebuild confidence, spur demand and stabilize prices.
Any reference to so-called housing strength has no bearing on New Jersey. This article has nothing to do with our area because of the crushing burden of property taxes. Any calculation excluding these variables is mock data.
Dear new US citizen:
Welcome to America.
Make your family proud. Work hard, pay your taxes. Register to vote and buy a house. If you do that, everything will be OK. You are very lucky. This is the greatest country on earth.
@WSJ: Breaking: Senate Judiciary Committee approves immigration bill offering citizenship to millions.
[2] anon,
Bill always tells it like he thinks it is. Or, more to the point, how his audience thinks it is or should be, and are willing to listen to his advertisers.
And seeing that you essentially called me a halfwit and dumbass, Fcuk you!
Wasn’t bill maher the same guy a month ago complaining about the high taxes he was paying in california? Typical lib, they vote for policies that are damaging to economic expansion, and then once they get ensnared by said policies, they start whinning and complaining. Sorry bill, you made your bed, now wallow in it.
Crushing Property tax is somewhat funny. Down south I see homes that pay 1k a year property tax and go WOW. Then I see the dad working at Piggly Wiggly and Mom at Waffle House pulling a whopping 30K a year income. Then I see folks up here paying 10K a year property tax making 300K a year income.
Part of reason they get away with high property tax is high salaries. The wheels comes off the cart in retirement for lots of folks as SS payments are the same no matter where you live so you get forced to sell and move down South.
But folks with graduate degrees in their mid 40 can’t afford to move down south. The midlevel manager making 250K and his teacher wife making 100K aint moving down south so he can manage a factory at 100K while his wife teaches at 30K. No more Turks and Caicos, no more cruises, no more leased BMWs, no more Peter Lugars. Just sitting in a chicken shack in Georgia bragging about 1k property tax
Fast Eddie says:
May 22, 2013 at 7:39 am
Housing has gained strength as borrowing costs near record lows and job gains rebuild confidence, spur demand and stabilize prices.
Any reference to so-called housing strength has no bearing on New Jersey. This article has nothing to do with our area because of the crushing burden of property taxes. Any calculation excluding these variables is mock data.
It took 10 shots and two cops plus bystanders hitting the dogs with sticks to put it down.
http://www.nj.com/union/index.ssf/2013/05/plainfield_police_shoot_2_dogs.html#incart_m-rpt-2
re # 82 last thread – Apple and no taxes paid.
There was a bunch of yahoos out on Route 22 yesterday near Westfield with signs protesting the IRS, saying abolish the IRS etc. This is another political movement funded by some PAC I gather gaining steam.
The whole Apple not paying any taxes loophole for the last 33 years is also a bunch of crapola. I blame congress, this loophole has existed since before Tax Reform Act of 1986 and it is squarely their fault.
So now we have a tax war brewing for the midterm elections. Fking great I am not paying more and even if I have to bite my tongue and pull the lever for the red party I will.
[9] juice,
The IRS has offices in Springfield on both sides of 22 near the Brig line. The large, newer brick, glass and steel bldg on the southeast side of the Springfield Rd/22 interchange is all IRS. It’s unmarked, not even a sign for the building owner. I’ve been there a few times on business, and even had the CID folks do my fingerprints for a background check. Those are the people you really don’t ever want to meet.
I predict that this will set the tin foil hat crowd’s tongues-a-waggin’:
“An FBI special agent shot and killed a man in Orlando, Florida, on Wednesday morning, just hours after he was interrogated about the Boston Marathon bombings. The man, who was identified as 27-year-old Ibragim Todashev, was reportedly an acquaintance of Tamerlan Tsarnaev, who he met through the world of mixed martial arts. Like Tsarnaev, he was Chechen-born Muslim, but only met Tsarnaev after moving to the United States. Todashev was shot shortly after midnight at an apartment complex about 10 miles from Walt Disney World.
The FBI only said that an agent “encountered the suspect while conducting official duties. The suspect is deceased,” but has not offered any other details. . . .”
And to be cutting edge, we have to come up with a name for the Boston bomb deniers. Bomberers? Bostoners? Marathoners is already taken.
9 – the IRS will probably soon be auditing those halfwit dumbasses.
When I read this, I think about Ned Beatty:
http://www.cnbc.com/id/100751502
“You have meddled with the primal forces of Nature, Mr. Beal. And you will atone.”
Property taxes? Not just NJ.
Better include Westchester, Long Island, anywhere nice in CT.
I don’t even think PA is a bargain if you are commuting into NNJ/NYC. My buddy pays near $5k and he’s got to pay for garbage pickup, has a well so he rents a water softener, gets drinking water delivered because his water sucks, has to deal with septic system costs, etc. I know it recently cost him $2k to replace his well pump.
And then commutes an hour and a half minimum, each way, on the best of days.
[12] brian
IRS already audited this halfwit dumbass. Audit was over in 10 minutes and I had my clearance letter before I left the bldg. Usually it’s mailed.
So what did I get audited for? Deducting the cost for my tax law degree. Really. IRS challenged it and I made quick work of them. I’ve had dates that were less pleasant.
Personally, I feel that anyone getting a tax law degree should be able to make it deductible, and that should be a prerequisite for getting the degree in the first place. I mean, really, if you cannot figure out how to plan such that your tax law degree is deductible, you aren’t much of a lawyer.
finally got around to changing header. Well, as Shore used to say, off to the salt mine.
Shitforbrains Cretin might also be a good handle. Has a nice ring to it.
re # 13 – History Rhymes, ala Japan from the 80s. This time however the Chinese hold what 2 trillion in Bernake Bucks. Might as well buy some hard assets with it since they won’t be earning any interest when you take inflation into account.
The ABSOLUTE WORST IS HUNTERDOOM, towns like Hampton dont have Sewers, dont have water and infrequent garbage pickup and dont even have their own school district, they buss kids to a central school district.
Yet taxes are 18K. People open toliet lid, take a dump and piss, throw some snotts in and they flush it out to cesspool in their backyard and then walk over to faucet and wash their hands and face and brush their teeth with well water from their backyard same place they just flushed their crap, piss and snott. It is disgusting. India and Hunterdoom are same thing. Except taxes are lower in India
grim says:
May 22, 2013 at 9:30 am
Property taxes? Not just NJ.
Better include Westchester, Long Island, anywhere nice in CT.
I don’t even think PA is a bargain if you are commuting into NNJ/NYC. My buddy pays near $5k and he’s got to pay for garbage pickup, has a well so he rents a water softener, gets drinking water delivered because his water sucks, has to deal with septic system costs, etc. I know it recently cost him $2k to replace his well pump.
And then commutes an hour and a half minimum, each way, on the best of days.
Anecdotal evidence from the Elite 140? You insult your standing……
Fabius Maximus says:
May 21, 2013 at 11:57 pm
Grim can you unmod my #9
Climate change, it’s 11:30 and its still in the 80s in my house. The average temp for May in this area is 71. Discuss.
Alternatively……many have argued that the bulk of NJ has been stuck in the 80’s for years….look at all the Bon Jovi fans…….
Irish refuse to back down over Apple tax row 150k jobs at risk.
“We make no apologies for having a regime that is designed to promote employment. It is a regime we have had for close to 50 years.”
http://www.reuters.com/article/2013/05/22/us-apple-tax-loophole-idUSBRE94L00S20130522
Chi if it wasn’t for Sandy I’m sure you could still win Def Leppard wall mirrors in Seaside.
Juice I think the IRS should be abolished and the 16th amendment repealed. I definitely don’t fall in the looney bird camp I just view it as government racketeering. With the IRS acting as Vinny 8 fingers shaking everyone down.
It is in the mid 80s in May with high humidity. Serve Pro is spanking the monkey as their mold remediation business is about to go through roof
[17] Brian
I don’t think so.
In other news, Lois Lerner takes the Fifth. Gov career over, she’s just waiting for a buyout (BTW, attorneys at IRS are in a union).
From CNBC:
US Home Sales Rise to Highest Level in More Than 3 Years
Sales of previously-occupied U.S. homes ticked up last month to the highest level in three and a half years, helped by a jump in the number of houses for sale
The National Association of Realtors says sales rose to a seasonally adjusted annual rate of 4.97 million, up from 4.94 million in March.
Home sales have risen 9.7 percent in the past 12 months. Still, sales have changed little since November. The supply of available homes remains tight and many would-be buyers aren’t able to get loans.
The number of homes for sale jumped to 2.16 million, up nearly 12 percent from the previous month. But inventory is still almost 14 percent lower than a year earlier.
Pain – Some people forget all of those thoughts about taxes are secondary to the preservation of the Union, and it has been that way since the days of Pres Lincoln. I doubt that will change in our lifetimes. Any Tax reform Congress is talking about now will only increase their hold on our wallets. Simplification of the tax code will mean paying more taxes not less. It is never less only more, deficits do matter eventually they will need more and more and never less.
From MarketWatch:
Existing-home sales rise 0.6% in April
Existing-home sales rose 0.6% in April to a seasonally adjusted annual rate of 4.97 million – the highest rate since November 2009, when a buyer tax credit deadline approached — pointing to a continuing recovery, the National Association of Realtors reported Wednesday. Sales of existing homes in April were 9.7% higher than during the same period in the prior year. Meanwhile, median prices hit $192,800 in April, the highest since 2008, up 11% from the same period in the prior year, with low inventory supporting prices. Economists polled by MarketWatch had expected the pace of existing-home sales to hit a rate of 5 million in April, compared with a prior estimate of a 4.92 million rate in March. On Wednesday, NAR revised March’s rate to 4.94 million. Inventories rose 11.9% in April to 2.16 million existing homes for sale. April tends to have the highest inventories of the year. The supply rose to 5.2 months in April from 4.7 months in March. Distressed property sales fell to 18% of all transactions in April, the lowest since data collection began in 2008. Pent-up demand is supporting sales, but tight credit standards and inventories are holding back gains, NAR said.
IRS would be competent if we abolished income tax as it is, replaced with flat tax or natl sales tax. Won’t happen because that would take away govt power to bestow favors on friends, penalties on enemies. The current system is all about exploiting political power while appealing to mass envy.
Lois Lerner, I believe it was pointed out that she got big bonuses which supposedly the POTUS had to sign off on personally. I don’t think there are any audio recordings of White House conversations anymore so we will probably never know for sure. I doubt there will any forthcoming immunity for Lois either.
(19) Hunterdon has the healthiest population of any county in NJ. Also is consistently the best in the state for kids growing up, health wise. Hmmm. Must be the water.
I have a well and septic and wouldn’t have it any other way. Didn’t stunt my kids brains. So where does many city/town water come from. Wells, that is. JJ, what scum is added/removed to/from your piped in water to make it potable?
Bottom line: JJ’s jealousies are bubbling to the surface.
My water comes for Upstate NY reservoirs. Oddly Manhattan is the healthiest place to live. Folks in ex-urbs dont walk much. When I lived in Manhattan my long island GF would be exhausted if she stayed over. Walking to laundermat, drycleaner, bank, video store, then out to dinner, walk to and from Penn Station. She was used to getting in car and driving to work. Mind you she had a hot body and went to gym three times a week. But walking the entire day is exhausting. My apt was only 200 square feet and elevator was always broken and had no AC so you were out all day, in park, walking to water etc. Folks in hunterdoom cant really walk anywhere, mass transportation consists of driving to bus stop, plopping butt in buss seat. Not like subway which is lots or walking and standing.
xolepa says:
May 22, 2013 at 10:32 am
(19) Hunterdon has the healthiest population of any county in NJ. Also is consistently the best in the state for kids growing up, health wise. Hmmm. Must be the water.
I have a well and septic and wouldn’t have it any other way. Didn’t stunt my kids brains. So where does many city/town water come from. Wells, that is. JJ, what scum is added/removed to/from your piped in water to make it potable?
Bottom line: JJ’s jealousies are bubbling to the surface.
What’s with JJ’s obsession about well water and septic tanks?
You dig a hole in your yard to poop in and then you dig a second hole in your yard to drink from then hire lawn service to douse the whole thing in chemicals.
Kinda like when you go “round the world” with a girl, some holes you should not touch after touching certain other holes
Brian says:
May 22, 2013 at 10:39 am
What’s with JJ’s obsession about well water and septic tanks?
JJ dreams about water.Ever since it started flowing into his house Fall 2012 (Sandy), it preoccupies him. We thank God, though, this is not tornado alley. Not many killed from Sandy.
Well or city water I would still install one of these. It will be one of my first projects in my new house.
http://www.aquasana.com/category.php?category_id=4
I love water. I got lucky. I was at a FEMA/NYS Rising meeting last night. OMG folks with flood insurance who have to raise their house are screwed. They should take cash and run and set place up on fire.
My beach place closing is delayed. Damm title company is giving headaches over all the CO issues. I could care less. Kids are not done with school till mid June and hard to rent in June anyhow. Owner not happy as he is paying on an empty unit. Weather sucks this Memorial Day.
xolepa says:
May 22, 2013 at 10:43 am
JJ dreams about water.Ever since it started flowing into his house Fall 2012 (Sandy), it preoccupies him. We thank God, though, this is not tornado alley. Not many killed from Sandy.
JJ wells come from deep below, water in LI is radioactive. You live in a cancer cluster yet throw stones. Typically septics and wells are far apart, also water is filtered by the soil. LI is full of sesspools, which are not legal in most places, a properly designed septic works pretty well, but is inconvenient due to required pumping.
JJ – unless you are filling up milk jugs at work and bringing them home on Long Island it is well water.
http://www.liwc.org/
36 – Get an undercounter RO system for drinking and cooking water, significantly better system than the “whole house” units you show there (which are really nothing more than particulate/carbon filters).
Anything that uses a pitcher or attaches to your faucet is basically garbage (you probably realize this).
I usually get my gear from AirWaterIce, I use a 4 stage RO/DI unit with a carbon polishing filter post-tank. Lab grade water baby.
Yeah got my Hud-1 finally. Seems the seller won’t be taking much from this deal. They have a pretty substantial first and second to payoff. The realtor is getting a solid 5% for answering my phone call late at night and I did get the 3.5% rate as demanded by me.
I think JJ is confused….NYC water comes from the Catskills….maybe that’s what he was thinking.
http://en.wikipedia.org/wiki/Catskill_Aqueduct
Blame it on China.
BEIJING (AP) — China’s richest people are stepping up investment in U.S. real estate and other foreign assets as they try to preserve their fortunes in the face of a fast-changing economy, a report said Tuesday.
http://cnsnews.com/news/article/rich-chinese-look-abroad-preserve-wealth
Brian,
That article brings back memories. I was in the same summer camp for many summers about 25 miles away from Ashokan reservoir. We had an all day hike to the reservoir once each summer. We were driven back, of course. Camp cost my parents $45 for two weeks. Either way, this occurred in the mid to late 1960s. Walking along the back roads to Ashokan was like walking thru early twentieth century Americana. I remember general stores with old slide out coke machines. Gas pumps tall and narrow. Old working farms. Even OliveBridge’s neighboring village had two signs spaced apart 500 feet on the same road: Welcome to OliveTown, You are now leaving OliveTown. Beautiful little place with a pond and Windmill.
This was all from Accord, NY to Ashokan reservoir. Those were unforgettable days.
Thanks.
Based upon the Hud-1 I would say the homeowner is losing about 300k on this deal. They put a ton of money into the house. I am basically stealing this house, looks like I am a winner again. I think I will drink some scotch tonight and smoke a cigar out on my Hoboken deck one last time.
Look at the pellet-brain Bernank go to town on these lobotomized congresscritters.
Debt upon debt, debtors “owning” debt, debt as asset…all backed by flivver dust and little green pieces of paper.
We are firmly in the endtimes.
Heading down to Manalapan for kid’s soccer tournament for the Memorial Day weekend. Thought I would ask the locals on the panel if there may be interesting places/restaurants to visit in between games and evenings. I have 3 youngsters and staying in East Brunswick. Any good restaurant recommendations for the area – particularly Indian and dive type seafood (esp. oysters) places? Also planning to take the kids through Princeton U – can we just stroll around the campus on our own these days?
I usually go back to a period or point in time where home prices were non inflated.
Lets say 1992-1998 then do compounding at 3% per year. Place I am buying I am paying 11K more than owners January 2002 purchase price. Which is a wash as guy put in all new windows and all new floors even depreciated is worth 11K. His purchase price is not really a good measure as 1999, 2000 and 2001 homes already had a big run up. I was able to get original selling price in 1979, if I compound that at 3% interest for 34 years I get my purchase price.
Interesting in the period of 1979 to 2013 the time period of 1999 to 2005 over half the gains. One could have owned unit from 1979 to 1999 and not made much money and next owner could have owned unit from 1999 to 2005 and made a ton of money and next owner owned unit from 2005 t0 2013 and lost a ton of money. Only over long periods of time kinda case schiller can you judge a property.
Juice Box says:
May 22, 2013 at 11:16 am
Based upon the Hud-1 I would say the homeowner is losing about 300k on this deal. They put a ton of money into the house. I am basically stealing this house, looks like I am a winner again. I think I will drink some scotch tonight and smoke a cigar out on my Hoboken deck one last time.
We ended up getting this Coway water purifier as my wife saw it at one of her friend’s house. I would be curious if others may have more insight into this type of stuff – whether it’s worth it and that I’m not getting taken for a ride. I think we pay around $45/mo. to rent the unit for a couple of years or so (maybe we can buy it out at the end?) and they come every 6 months to clean the unit and change the filter. One thing that I did notice is that when we fill up our humidifiers with the water from this unit, we don’t have the white powder residue that we get using tap water. So, it seems to work. And the water tastes good too.
http://coway-usa.com/product/02_waterfiltration_CHP-06EL.html
Early to Mid 90s represent the single best time to have purchased real estate in this area in recent history.
re: # 46 -We are a long long way down the road now from Bernake saying it’s contained, it will be 7 years the first week of this upcoming February. He won’t be back for another term. Whomever they pick to replace him will open the spigots up even more, I have no doubt fog a mirror to get a mortgage will be back in our lifetimes.
So at 11:30am I called the local Building Dept to schedule a CO inspection. They tell me call Ana back in an hour, she’s out to lunch. Application says to call between 10am to 3pm for appointments. So not only is the window to schedule an appointment only 5 hours, you also can’t call during Ana’s lunch hour.
Should we never question things like this? The govt shot and killed someone and has not (yet) given any details. I say it’s normal (and necessary) to be more than curious.
11.Comrade Nom Deplume, Channeling Scrapple Cannon says:
May 22, 2013 at 9:25 am
I predict that this will set the tin foil hat crowd’s tongues-a-waggin’:
“An FBI special agent shot and killed a man in Orlando, Florida, on Wednesday morning, just hours after he was interrogated about the Boston Marathon bombings. The man, who was identified as 27-year-old Ibragim Todashev, was reportedly an acquaintance of Tamerlan Tsarnaev, who he met through the world of mixed martial arts. Like Tsarnaev, he was Chechen-born Muslim, but only met Tsarnaev after moving to the United States. Todashev was shot shortly after midnight at an apartment complex about 10 miles from Walt Disney World.
The FBI only said that an agent “encountered the suspect while conducting official duties. The suspect is deceased,” but has not offered any other details. . . .”
And to be cutting edge, we have to come up with a name for the Boston bomb deniers. Bomberers? Bostoners? Marathoners is already taken.
#54
When I heard it this morning, I thought it was a Jack Ruby type of killing, didn’t know it was an FBI agent. That makes this much more interesting. I hope this stays in the news cycle long enough to be investigated before it becomes forgotten Friday afternoon as people get visions of burgers and beaches in their heads.
On a topic more related to this board, Does anyone have any opinions on the Western Morris county area, specifically Rockaway and/or Jefferson? Decent looking houses there are going for 50k-100k lower than they would in other areas, and I’m not sure why (schools/property taxes look ok).
I doubt many people voluntarily call for a CO inspection.
Young Buck says:
May 22, 2013 at 11:51 am
So at 11:30am I called the local Building Dept to schedule a CO inspection. They tell me call Ana back in an hour, she’s out to lunch. Application says to call between 10am to 3pm for appointments. So not only is the window to schedule an appointment only 5 hours, you also can’t call during Ana’s lunch hour.
Except of course every time a house is sold. You’re probably right, not very often at all. Dumbass.
JJ says:
May 22, 2013 at 12:09 pm
I doubt many people voluntarily call for a CO inspection.
Never used a water filter in my life. Well besides the one on my fridge. I’ll let you know when I die.
Might it be cheaper to just use bottled spring or filtered water for drinking/cooking, than buying one of those $1,200 systems + biannual filter/bulb replacements? I figure that’s $300 per year easy.
(55) Just one. It’s called Picattiny Arsenal. Find out how it could affect you.
In other news, one of my window air conditioners (the best one I ever had), finally croaked last night. This one made it almost 12 years and was whisper quiet. It was a Sharp, but the model style is no longer created. It’s for a very large bedroom so I’m interested in quiet over efficiency. 8,000 or 9,000 BTUs. Any suggestions?
I just remembered, I have a Quasar AC in Jr.’s room that came with the apartment we rented in our multi. That one is probably nearly 20 years old and still works great. Though a bit noisy on high.
The whole CO process is flawed. For instance the place I am buying I was supposed to close last week. But delayed as the building went and got permits for all work performed that is completed and now we need the building inspector to go over there get around to looking at the stuff, filing some paperwork then get some part time clerk to file it and then respond to my lawyer/title company to show CO was issued.
Does any of this prove anything Not really. I held off the Condo home inspection till after work was done and my inspector signed off. Just dumb paperwork.
COs main purpose is so tax assessor can jack taxes, collect permit fees, provide jobs for town workers and to make sure expensive union and licensed workers do the jobs who live in the neighborhoods and pay taxes and give campaign contributions.
Technically you need a permit/CO to renovate an existing kitchen or bathroom. Why who knows, makes house harder to sell in a way. Also going to make it harder to grieve your taxes.
A man should have the right to do what he wants. Crazy country where I can legally keep loaded guns in house, gallons of gasoline, table saws, chain saws, knives, lighter fluid, etc in my house no matter how many kids live there, but to fix a leak in my sink I need a licensed plumber for safety reasons.
Young Buck says:
May 22, 2013 at 12:33 pm
Except of course every time a house is sold. You’re probably right, not very often at all. Dumbass.
JJ says:
May 22, 2013 at 12:09 pm
I doubt many people voluntarily call for a CO inspection.
JSMC – Jefferson high taxes ecch schools. rockaway miserably high taxes so-so schools. I’d look at Sparta before either there it is high taxes OK schools. or look at some of the town on the other sede of 80 Succasauna Flanders, parts of Denville
Oh and Jefferson Schools called child services on friends and others in town because they did not want to foot the costs of those kids in the school system.
#62
Sparta might be too far north of of 80…if rt. 15 didn’t have so many lights…
Denville was a possibility, but flooding is a bigger concern there. Also not sure what specific negatives exist with Picattiny nearby…is it noise from firing weapons, poor disposal of waste from ammo/explosives, something else…?
62 – I lived in Budd Lake for a few years. I second the Flanders/Mt. Olive suggestion. It seemed like a nice area and nice schools.
Sparta is OK I guess but the commute from there to pretty much anywhere can be painful. Route 15 is your only way out of dodge and it’s gotten worse over the years. It doesn’t help that Jefferson has decided to make route 15 it’s main street and lined it with more traffic lights and stores. If you must live in Sparta I recomend the Lake Mohawk section over just any old McMansion. That way, at least you get club privelages and can use the golf course, two lakes, and boardwalk.
64 – any fear of Picatinny is paranoia in my oppinion. My mother worked there for 20 years. I had my rehersal dinner at the officers club and brought my kids to the spagetti w/Santa events on base many times. They also have a neat haunted house event around Haloween that the marines put on that I’ve been to bunch of times.
Lerner doesn’t know anything, Holder can’t recall or doesn’t know anything, Obama doesn’t know anything but he’s going to get to the bottom of everything, reporters being tapped, a video caused Benghazi or not… or it did… or we don’t know. Can we still blame Bush for everything or is there someone new and trendy to tie to the whipping post?
#67 Show business for ugly people, that’s all.
Those who blame presidents (past and present) or their parties are fools.
Cook’s display yesterday is all you needed to see to understand who runs America.
Tim Crook CEO of Rotten Apple
If I was going western morris county, I would probably pick Chester first, depending on commute, followed by Mt. Olive (5-10 min closer to rt 80 than Chester).
The Chester (west morris regional) school districts are better than Mt Olive, but you’ll pay a modest premium on housing.
At least Cook didn’t blame Turbo Tax.
What would the NY Post call a Pedophile from Chester?
“At least Cook didn’t blame Turbo Tax.”
That’s what I plan to do.
The molester from chester
or Chester molester, hehe wan’t that a cartoon in Hustler?
JSMC Denville on the east bound side of Route 10 does not flood
Yowza – Forbes calls out the Keynesians over Apple’s money in offshore vehicles including everyone favorite NY Times cheerleader.
“Lost on conservatives and Keynesians alike is that a dollar saved is a dollar lent”
http://www.forbes.com/sites/johntamny/2013/05/22/apple-ceo-tim-cook-pounds-another-nail-into-the-keynesian-coffin/
#76
You also won’t find a 50-100k discount in that area.
White Meadow lake has affordable houses but you’re right on top of 80 and the lots are small. Rockaway’s taxes are high too for the lot sizes.
If JMSC can head further west, the best bet is to stay south of 80. At least you have 80, 46, and 10 to distribute the traffic. When you’re north of 80 you have either 15 or 206 which are both traffic nightmares.
How about Hanover?
Joyce, Great if you like being swallowed alive by mosquito’s the size of Cesnas
#78 Still not sure exactly how far west we’re looking to go (yet), but thanks for the tip about staying south of 80.
#79 Didn’t think about Hanover, though Trulia isn’t coming up with any listings for the town (at ANY price range). We’re looking at the more “mountain-ey” areas, and I don’t recall Hanover being like that (I could also be thinking of East Hanover only).
From a value perspective in Morris – it’s hard to beat Randolph or Kinnelon.
Go less expensive and you’ll face big trade offs or big drop offs in desirability. Going more expensive typically requires you go a lot more expensive.
White Meadow Lake is always a trade off. If you find a great place, it’s probably next door to a shack, or on a cliff, shitty street, etc. Always go into WML with high hopes, and leave feeling let down.
80
Wasn’t aware of the bug problem.
81
I suppose most of Hanover’s listing could be listed as Whippany or Cedar Knolls.
Pretty graphic stuff.
Horrific ‘beheading’ of man in London feared to be terror attack, as suspects reportedly chanted ‘Allahu Akbar’
http://www.nydailynews.com/news/world/man-murdered-london-terroism-suspected-article-1.1351640
Randolph is a mixed bag. Each area of the town feels more like the town(Dover, Roxbury, Mendham, Denvill) that is bordered by than a single locale.
But if you want something on a good lot and modern in Randolph, then bring a big bag of cash. Most of the homes there that appear to be values have condition or location issues.
And expect septic and well in a lot of places. Do your diligence and expect the possiblity of being smacked with a big sewer assessment.
#83
Funny you mentioned White Meadow Lake, my wife was looking at properties last night and found a bunch of good looking properties in that area that had prices so good she was wondering where the indian burial ground was, lol.
#87 My guess is that it’s probably on a small lot with high taxes within earshot of 80.
http://news.sky.com/story/1094380/woolwich-soldier-dead-after-terror-attack
Woolwich: ‘Soldier Dead After Terror Attack’
8:32pm UK, Wednesday 22 May 2013
A man reported to be a serving soldier is dead and two people have been shot in Woolwich, south east London, after what is being treated as a terrorist attack.
Downing Street has called a meeting of the Government’s Cobra emergency committee after the incident in John Wilson Street, which David Cameron described as “truly shocking”.
Senior police officers are thought to believe the killing was a politically-motivated Islamist terrorist attack.
And video has emerged that appears to show one of two alleged attackers – with blood-stained hands and holding two bladed weapons – attempting to justify the attack.
“I apologise that women had to witness this today, but in our lands our women have to see the same,” he said.
Dozens of weapons – including a number of knives – and pools of blood could be seen on the ground, where a man said to be wearing a Help for Heroes T-shirt was attacked by two men.
Witnesses say the pair appeared to deliberately drive their car at the victim, before getting out with various bladed weapons and launching their attack.
Following their attack, as the victim lay motionless in the middle of the road, witnesses say they heard the pair chanting “Allahu akbar” – and inviting passers-by to take photographs of them.
As soon as armed police arrived at the scene, witnesses say at least one of the alleged attackers began approaching the officers – who opened fire and shot the pair. The men were taken to separate hospitals with gunshot wounds.
http://www.dailymail.co.uk/news/article-2329089/Woolwich-attack-Two-men-hack-soldier-wearing-Help-Heroes-T-shirt-death-machetes-suspected-terror-attack.html
“The first guy goes for the female fed with the machete and she took man out like robocop never seen nutn like it”
“Didn’t think about Hanover, though Trulia isn’t coming up with any listings for the town (at ANY price range).”
use the MLS — http://www.gsmls.com
East Hanover’s the flat one with all the cemetaries and swamps. Hanover is better.
Chester is a big step up from Mt. Olive price wise. There are million dollar plus homes in Chester Township, don’t forget its Mendham and Gladstone adjacent. Mt. Olive isn’t bad at all though a lot of the houses are dated. Try Washington Township in Morris County AKA Long Valley — beautiful town and the commute would be on 78 not 80.
Long Valley is a personal favorite if you can take the commute. Beautiful area, and pretty cheap compared to Chester.
Chester does have expensive houses, but you can find some smaller ones as well.
http://www.cnbc.com/id/100758925
Long valley seems to have taken a price hit compared to the rest of the area. My sister just bought a house out there seemed to get a lot of house for her budget.
It is 50 miles to NYC, pretty much 40 miles out starts to get to be a long commute. 50 is a long one.
Plus it is 145 miles from Southhampton!!
jcer says:
May 22, 2013 at 4:49 pm
Long valley seems to have taken a price hit compared to the rest of the area. My sister just bought a house out there seemed to get a lot of house for her budget.
Sister’s husband doesn’t need to go to NYC, so not a problem. They live in Basking Ridge so it would already be a hike to NYC and there it still seems to be 1 million minimum to get a decent house. The house they are getting in Long Valley for 700k would be well over million in Basking Ridge, probably 1.2m.
Long Valley even goes to West Morris High School – solid district.
JJ you’re not going to believe this but some crazy people work in NJ and vacation at the jersey shore!
JJ says:
May 22, 2013 at 5:00 pm
It is 50 miles to NYC, pretty much 40 miles out starts to get to be a long commute. 50 is a long one.
Plus it is 145 miles from Southhampton!!
Economy is getting better. Got recruiter calls and two offers in a week, will start with new company soon. Closed 2nd investment houses and in the mid of renovation. Wife back to work after our daughter was born, still got raise and bonus etc.
Life is good.
I should probably save this for tomorrow, but for anyone still around:
Why the Rich Don’t Feel Rich
http://finance.yahoo.com/blogs/the-exchange/why-rich-don-t-feel-rich-200600130.html
“The money-news site The Billfold recently ran an interview with an anonymous physician who earns $570,000 a year and says, “I know that technically I am in the 1%, but I don’t feel rich at all.” He went on to explain how he owns a home worth nearly $1 million, three cars, a couple of investment properties, and a chunk of a profitable healthcare company yet still frets that he doesn’t have enough. “I don’t feel secure,” he said. “Before I had a job, the six-figure mark was a goal for everyone. And now I’ve hit the half-million dollar mark. I don’t know if I’d feel rich if I ever met the seven-figure mark.” “
[101] BTW – I think buried in that remark is something insidious in our vernacular. The good doctor “owns” a home worth nearly $1 million. In conversation I think we’re programmed to parrot that idiom. I wish there was a zillow-like site that showed a map of equity in neighborhoods. Hold the phone. I have to go register a domain name.
Everybody is 3 missed payments away from being a deadbeat.
ArcGis has income and net worth by neighborhood, for many towns its as granular as a few blocks.
I’m shocked, shocked . . .
http://www.cnbc.com/id/100758926
Also Montville is a good place too look in Morris cty. I like Boonton Township too (not Boonton)
these are generally wonderful! chance to find the these folks but they are without difficulty stainable!! take care they are simply manner not to mention stimulating although.when i call them chanel outleties : but in the case oughout dnt get some have some! :
I lived in Rockaway Twp. from 1970-2011. Owned 4 different houses and was a landlord too for many years. It’s a large (by area) very diverse township with several ethnic and economic enclaves though not as pronounced as 20 years ago. The school system is excellent but has become exceedingly liberal. Property taxes vary according to location and have gone through the roof the last ten years. Train and bus to NYC are available (train in next town over – Denville). Became too conjested/busy for me. Moved to a small town in Warren county where I can walk to everything, there’s no traffic and property taxes are – relatively – low.
April Existing Home Sales | New Jersey Real Estate Report 整形美容 http://www.feimeizx.com/
April Existing Home Sales | New Jersey Real Estate Report iphone 5 deals http://www.fas2fas.com/
April Existing Home Sales | New Jersey Real Estate Report JIMMY CHOO SHOES http://www.coldeat.com/
242872 899541I adore your wp style, wherever did you download it by means of? 344797
Want to produce the best red bottoms heels due to denims but will also dressed in ebony ! They can indeed be terrific produce to exert effort as i am on your legs the full week or so as an effective plumber!!! I additionally possess Baily links but also those of you christian louboutin sneakers for men uk will be surely Perfect for me! Good you should be decent but yet seem classy on top of that -! I just refreshing them an actual dampen textile by using water-repellant sprinkle each and every month . is effective brill.