From the Record:
New Jerseyans who moved out of state took $15.7 billion in income from 2000 to 2010
New Jerseyans who moved to other states took a net total of $15.7 billion in income with them from 2000 to 2010, according to a new tax map from the non-partisan Tax Foundation.
That meant they weren’t spending that money, or paying taxes on it, in the Garden State.
But the loss in population and income was more than offset by births and the influx of immigrants to New Jersey, which has historically been an immigration gateway. And its household incomes remain among the highest in the nation.
For decades, more people have moved out of New Jersey to other states than the reverse. Starting in the 1970s, “the nation’s population and job growth increasingly shifted to the Sun Belt states of the South and West,” according to Rutgers economists James Hughes and Joseph Seneca, who have studied the issue. In a 2007 Rutgers report, the economists wrote that in 1970, the mid-Atlantic states of New Jersey, New York and Pennsylvania accounted for 18.3 percent of the nation’s population; by 2006, they accounted for 13.5 percent.
One big reason has been retirement to Florida and other warm-weather states. Other factors are the state’s high cost of living, especially high housing costs and property taxes; and faster job growth in other states, which was “a magnet for young people,” Hughes said last week.
New Jerseyans’ moves across state lines slowed dramatically during and after the 2007-09 recession, as mobility nationwide declined. There were two main reasons: plummeting home values made it hard for people to sell their homes, and high unemployment around the nation made it unlikely that job hunters would find better prospects in other states.
Households have started moving out of New Jersey again, however, as the economy and housing market continue their recovery, Hughes said. Many have found more job opportunities elsewhere; while the Garden State has recovered only 60 out of every 100 jobs it lost during the recession, Texas, for example, has recovered two jobs for every one it lost.
According to the Tax Foundation, from 2000 to 2010, the top states for New Jerseyans to move to were Florida, New York, Pennsylvania and California. The biggest source of people moving into New Jersey was New York.
The most interesting follow up question to this one is, for the new residents, that moved in between 2000 and 2010, how much new income did they bring in? Was it more than $15.7 billion?
Because we’re sure as heck not losing population. According to the US Census Department American Community Survey, it appears inflow and population growth are greater than outflow and death. On net, we’re still growing.
NJ Population
2000 – 8,414,340
2010 – 8,791,894 (+337k)
NJ Total Households
2000 – 3,064,645
2010 – 3,214,360 (+150k)
NJ Total Housing Units
2000 – 3,310,275
2010 – 3,553,562 (+243k)
Very interesting… Also from the ACS 1 year
Households by Income:
Income Range – 2000 – 2010
50-75k – 608,244 – 541,530 (-67k)
75-99k – 413,928 – 414,452 (+500)
100-149k – 391,123 – 526,854 (+136k)
150-199k – 130,392 – 246,604 (+116k)
200k and up – 132,837 – 257,828 (+125k)
press said that Robin Thicke was in Miami, but in fact was Palm Beach. really cool cat, he even bought us a drink and apologized for the sudden distraction. Can’t sing for shlt though. i see why some of them lose their marbles with and ppl chasing them. one moment is all quiet with a few ppl around, the next large photo lenses come out of rhe blue. hotel security had to come down. speaking of which one of the books i read was “The Buy Side”.
Turney was the real deal in Wall St. Not like the many amateurs around here.
Even more interesting when you add in the 2011 data.
That shows fewer families in the 50-75k and 75-100k ranges and even more increases in the ranges above $100k (3k, 3k, and 6k respectively).
anon – How was the march and fast food protest?
Grim they aren’t moving here from other States.
1 in 5 in NJ is foreign born. We rank at the top nationally.
http://www.migrationinformation.org/datahub/state.cfm?ID=NJ
6. Five people are stabbed to death in the UK. Five a week!
F’ing JC looks like downtown Mumbai most days. And none of these people are making jack shit for money…all WS back office slaves.
How many Indians can you cram into a 2BR at the Monaco?
Just walk the streets of Passaic, Trenton, Camden, Asbury Park, Paterson,Newark,W.NY,
Fairview, N.Bergen, Weehawken,Phillipsburg,Dover,Irvington,Wallington,Elmwood Park,and many other NJ spots and it looks Third World.
No question that NJ is ,has been, and getting worse by the day . It’s a complete welfare state . You either have money or your screwed .
Relax your sphincters xenophobes.
And in Elite and High end Northern Bergen County you can see the strollers being pushed up and down the streets by the Mexicans, the women are either pregnant, or pushing the two they already dropped. Of course Hillsdale , Northvale, Norwood,Closter would never admit they had a problem, and over in Bergenfield High school you can hear a few different languages being spoken . (about 200)
In other State news, Trenton , we remember that city, the Capital of NJ broke its record last week for murders. Withe 32 deaths so far, and we’re only in Sept. ,we are on our way to set new highs . Power to the people , vote liberal no matter what
Oh my God the horror! They should just ban any hardworking catholics with strong family values from coming into the country! They are ruining it!
13.freedy says:
September 3, 2013 at 8:32 am
And in Elite and High end Northern Bergen County you can see the strollers being pushed up and down the streets by the Mexicans, the women are either pregnant, or pushing the two they already dropped. Of course Hillsdale , Northvale, Norwood,Closter would never admit they had a problem, and over in Bergenfield High school you can hear a few different languages being spoken . (about 200)
The only thing that bothers me is the men ride their bikes on the sidewalk at full speed. Getting run down on the road is one thing, but sh!tting my pants because some clown clips me on the sidewalk in full view of a cop car really stinks…..
freedy says:
September 3, 2013 at 8:32 am
And in Elite and High end Northern Bergen County you can see the strollers being pushed up and down the streets by the Mexicans, the women are either pregnant, or pushing the two they already dropped. Of course Hillsdale , Northvale, Norwood,Closter would never admit they had a problem, and over in Bergenfield High school you can hear a few different languages being spoken . (about 200)
#11
The return of “White Flight Freedy”
Debating with the libs is a waste of time . NJ is gone . Its been a welfare state for many years .
Is JJ really Nouriel Roubini? From the NY Post:
Roubini’s sexy tub doomed
“Dr. Doom” economist Nouriel Roubini has been forced to remove his giant hot tub — famed for being packed with hot young models at his wild parties — from the roof of his Manhattan penthouse by the city.
Roubini, dubbed Dr. Doom for predicting the financial crisis, ran afoul of the Department of Buildings after he did not get approval for the tub, large enough to hold 10, and the wooden roof deck he had built at his East First Street bachelor pad for his boisterous bacchanals.
Now Roubini has been slapped with a violation and was ordered to remove the Jacuzzi, the deck and a party room he built, complete with a bar and bathroom, on the roof of his party penthouse.
…
Roubini, 55, is notorious for his parties at what New York magazine called his “vagina-walled downtown loft,” a triplex he bought in 2010 for $5.5 million. He bullishly boasted to the mag, “The recession has been great for me.”
Of the many models who attend his bashes, “They love my beautiful mind,” he told the magazine. “I am ugly, but they’re attracted to the brains. I’m a rock star among geeks, wonks and nerds.” And what makes his parties so great are “fun people and beautiful girls,” Roubini said. “I look for 10 girls to one guy.”
grim…..I was literally posting this…..beat me…
This piece is the best part
Of the many models who attend his bashes, “They love my beautiful mind,” he told the magazine. “I am ugly, but they’re attracted to the brains. I’m a rock star among geeks, wonks and nerds.” And what makes his parties so great are “fun people and beautiful girls,” Roubini said. “I look for 10 girls to one guy.”
http://finance.yahoo.com/news/lifeline-home-buyers-233500786.html?l=1
In housing news Barry throws a life line to home buyers
How many Indians can you cram into a 2BR at the Monaco?
There’s your household income increase, right there. Any questions?
In Palisades Park , drive by many homes and you five and six cars in the driveway,how’s that for household income. ?
#21..whew..and I thought the billionaire part had something to do with it….
@piersmorgan: 560 people a week killed by guns in the USA
freedy says:
September 3, 2013 at 9:11 am
In other State news, Trenton , we remember that city, the Capital of NJ broke its record last week for murders. Withe 32 deaths so far, and we’re only in Sept. ,we are on our way to set new highs . Power to the people , vote liberal no matter what
anon (the good one),
560 people a week killed by guns in the USA.
What do you propose?
New Jerseyans’ moves across state lines slowed dramatically during and after the 2007-09 recession as plummeting home values made it hard for people to sell their homes.
No inventory. Zilch. We’re literally riding up and down streets, targeting houses, sending letters, networking and firing distress signals to determine if anyone is interested in selling their house. Nary a f.ucking peep. Pump all the data you want, people are s.crewed and can’t move.
Well Brian, you do make a point. For the record I’m an atheist.
But make a list of predominantly catholic countries and a list of crappy countries and 80% of the countries are on both list. You got to admit that promoting ignorance and hocus pocus, and generally finding ways of holding back humanity’s progress over a millenia, eventually yields crappy countries with crappy economies and crappy overall quality of life which they mimic.
Brian says:
September 3, 2013 at 9:23 am
Oh my God the horror! They should just ban any hardworking catholics with strong family values from coming into the country! They are ruining
But wait, I though you pay the price to live in these towns in NNJ. Quality of life,and
boat anchors issued at closing . Property taxes, no problem,it ‘s for the children.(and of course the public employees) f uck you pay the taxes .
And Myers down in Newark say s it was sloppy fling that did it when he covered up over in Peroria .
re #22 – Now the FHA wants to relax it’s rules for a borrower who lost his home becuase they could not afford or did not want to afford it ONLY one year ago…are you kidding me? How about 20% down? Ugh! Never Mind.
Oh my God it’s an epidemic! Quick focus all resources on preventing gun deaths in the US because it is the leading cause of death in the US…..right?
http://www.huntingclub.com/Portals/0/GunFactsInfographic.jpg
26.anon (the good one) says:
September 3, 2013 at 9:48 am
@piersmorgan: 560 people a week killed by guns in the USA
ここでは通常オフ右を示しておそらく最も魅力的な身体的な出演をする,ミネトンカ モカシン キッズ。2つのスニーカーとパンツジーンズでカ
You are right! Countries that promote State atheism are the best!
The best examples are:
Former USSR!
China!
Albania!
Cuba!
http://en.wikipedia.org/wiki/State_atheism
29.Not a comrade says:
September 3, 2013 at 10:12 am
Well Brian, you do make a point. For the record I’m an atheist.
But make a list of predominantly catholic countries and a list of crappy countries and 80% of the countries are on both list.
3
BS
2000 NJ media income 55K
2010 NJ median income 52K
Source: US census
Your brainwash goes on including this site
I think 2014 will usher in Eddie’s all out transformation into Clot.
All that’s left is to figure out how Clot will bite it in the coming year.
don’t ask me. ask Freddy, he’s the one concerned that 32 ppl died in Trenton.
Fast Eddie says:
September 3, 2013 at 9:50 am
anon (the good one),
560 people a week killed by guns in the USA.
What do you propose?
anon (the good one) says:
September 3, 2013 at 9:48 am
@piersmorgan: 560 people a week killed by guns in the USA
freedy says:
September 3, 2013 at 9:11 am
In other State news, Trenton , we remember that city, the Capital of NJ broke its record last week for murders. Withe 32 deaths so far, and we’re only in Sept. ,we are on our way to set new highs . Power to the people , vote liberal no matter what
36 – Log into the Census ACS and run the reports yourself.
Here are the screen caps:
2000
https://njrereport.com/blog/wp-content/uploads/2013/09/2000_nj_hhi..png
2010
https://njrereport.com/blog/wp-content/uploads/2013/09/2010_nj_hhi.png
The news was reporting the other night that salaries have remained flat for the last 12 years. I don’t know the source. But household income simply means you have more people stuffed into the house. That makes sense. Ergo, three people to a bed and eight cars in the driveway.
If I am misunderstanding the datasets, let me know, like I said I’d never come across those breakdowns before, and I thought they were interesting. Lots of folks scream about income and net worth out-migrations ,but nobody seems at all interested in discussing the in-migrations (probably because it doesn’t fit their talk track).
My concern about using a median or average is that those measures will not capture a “hollowing out” of the middle income brackets.
Just like there is no such thing as a median priced house in NJ, I have a feeling there is no such thing as a median income family. Either you are above the measure by far, are below it by far.
From what I see on nj.com every day, that problem is slowly taking care of itself.
anon (the good one) says:
September 3, 2013 at 9:48 am
@piersmorgan: 560 people a week killed by guns in the USA
Just like there is no such thing as a median priced house in NJ, I have a feeling there is no such thing as a median income family. Either you are above the measure by far, are below it by far.
The shrinking middle class; evaporating quickly.
However, new cars selling like hot cakes. 0-0-0- is back stronger than ever.
all you need is to be breathing ,,, drive it off.
freedy is the jj of xenophobia.
but at the same time you and your cronies fight against increasing minimum wage. so which one is it?
@SenSanders: Stagnant Wages Are Crimping Economic Growth – @NeilShahWSJ, @WSJ: http://t.co/9aAm0zTnyO
Fast Eddie says:
September 3, 2013 at 11:18 am
The news was reporting the other night that salaries have remained flat for the last 12 years. I don’t know the source. But household income simply means you have more people stuffed into the house. That makes sense. Ergo, three people to a bed and eight cars in the driveway.
zieba (38)-
I’m like a walking MRSA infection. The worse I get hit, the stronger I become.
When it all goes to black, I’ll be the man. Lest anyone doubt me, I was all-in, SRS, back in those heady days of ’08 and ’09. Can’t wait until we see the inevitable cascading sovereign collapses.
“All that’s left is to figure out how Clot will bite it in the coming year.”
grim (43)-
You’re the numbers guru, but pretty much all Third World charts and graphs I see are classic barbell effect.
“Just like there is no such thing as a median priced house in NJ, I have a feeling there is no such thing as a median income family. Either you are above the measure by far, are below it by far.”
anon (48)-
Dolt, when the minimum wage gets artificially jacked, all it does is prevent the hiring of people whose abilities don’t qualify them for jobs at the new, higher rate.
Duh.
The only thing worse that Bernie Sanders is somebody sucking his dick on the intertubes.
From Housingwire:
Foreclosure starts plummet to six-year low
Foreclosure starts recorded during the 12-month period ending in July fell to an activity level not seen since 2007, Lender Processing Services said in its latest Mortgage Monitor report.
The report overall showed loan delinquencies and foreclosures on a downward trajectory despite the new influence of rising interest rates and fears that the economy may be slowing coming out of the month of August.
The delinquency rate month-over-month fell 3.96% with 6.41% of all U.S. mortgages delinquent, LPS data shows. Vintage loans originated after 2010 continue to outperform earlier vintages, which continually record higher delinquency rates.
Meanwhile, the total U.S. foreclosure presale inventory rate hit 2.82%, down 3.46% from the previous month.
…
And troubled assets are no longer a major headache, at least not at the same level they were in 2011. The real estate market continues to see fewer sales of troubled properties with distressed sales down 30% for the 12-month period ending in June. Short sales on their own fell 60% from last year, making up only 10% of sales for the 12-month period ending in June.
@RBReich: How much you’d be earning if your wages had kept up with productivity gains (as they did for 3 decades after WW II): http://t.co/PkfniCyxal
@RBReich: Over 4,000 signatures on my petition to Walmart and McDonalds to raise their workers’ pay to $15/hr. Please join. http://t.co/6gaofFR2p5
4,000 signatures? The McDonald’s express across the street from me sold more than 4,000 Big Macs today and lunch isn’t even over.
$30k a year is way too much for a burger flipper. I sympathise, but these are not jobs meant to support and raise a family, these are jobs so that you have enough money to go to the movies on a saturday with your hs girlfriend.
#56… are the “burger flippers” of today analogous to the UAW workers of the 60’s-70’s? Are we at that point where we should raise the salaries and “create” a middle class from these workers?
anon (the good one),
Here’s an idea; why not learn a skill that requires more than a f.ucking mop?
So a few months back I had posted about a house we were in Attorney Review on that had an under ground oil tank. We ended up getting out of under contract due to inspection issues and the seller refusing to do anything. They eventually came back with 2/3 of our requested reduction and we accepted and we just closed last week.
So now the fun begins. I didn’t notice the big wet spot in the dining room during the walk thru, how I didn’t notice this I don’t know or maybe I just thought it was water. Now I realize it was either dog pi** or human. Anyhow, using Natures Miracle to make it at least bearable. Everybody has advised that the hardwood floors will becoming out, oh well.
Anybody got some recommendations for:
1. Asbestos
2. General contractor
3. Architect
4. Tree Removal
Place needs a lot of work, but it is a big lot in nice location in Ridgewood.
I’m still debating the Geothermal, but now I’m leaning towards a heat pump.
If one wants to look at income distributions, 2 density plots would work, one in 2000, one in 2010. Preferably comparing inflation-adjusted incomes per household or per capita.
I think it’s pretty clear that people without globally-competitive skills are falling behind, as the law of one price slowly but gradually applies to labor prices, as global trade has become more free, and pricing differentials are arbitraged. On the other hand, people with globally valued skills have been paid more, as they are able to apply their abilities on a larger scale of business.
Trying to fight this is like trying to fight water going downhill. Your better bet is make sure you and your kids which way water flows, learn something about the global economy, and maybe learn a second (or more) language.
There are still a large number of global companies in NJ and NYC, and they are attracting talent from around the world.
Taking the first look at the August contracts for NNJ – still looking strong
(59) Asbestos? What asbestos?
Get some gloves on and a big black garbage bag. And keep you mouth shut, a.k.a. JJ
If you don’t, your friends and family will be asking you in the near future why you became the village idiot.
Also ask: Did I pay for a house inspection? If I did and the inspector didn’t point that out, you have an issue with them.
46 – Freedy,
I was car shopping with someone over the weekend, who got a car for 3.9%, $0 Down. He told the sales guy he wanted to put 20% down. Sales guy said “Why, they approved you with zero down payment?”
No documents required except license, no verification of income just a credit check. Granted, they had sterling credit.
I have to go to Vegas for a conference…..just got an invite to an event….
opinions?
We look forward to seeing you at the upcoming xxxxxxxxxx Conference. We would like to invite you to join us for a unique firearms experience hosted by xxxxxxxxxxxx.
Venue: Machine Gun Vegas
Date: Tuesday, xxxxxxxx, 2013
Time: 6:00pm
Website: http://www.machinegunsvegas.com
re# 64 – M60 – 50 rounds for $399 and a full belt is 100 rounds so it will cost you $800 to reenact this scene.
http://www.youtube.com/watch?v=S06nIz4scvI
So a few months back I had posted about a house we were in Attorney Review on that had an under ground oil tank. We ended up getting out of under contract due to inspection issues and the seller refusing to do anything. They eventually came back with 2/3 of our requested reduction and we accepted and we just closed last week.
So now the fun begins. I didn’t notice the big wet spot in the dining room during the walk thru, how I didn’t notice this I don’t know or maybe I just thought it was water. Now I realize it was either dog pi** or human. Anyhow, using Natures Miracle to make it at least bearable. Everybody has advised that the hardwood floors will becoming out, oh well.
Anybody got some recommendations for:
1. Asbestos
2. General contractor
3. Architect
4. Tree Removal
Place needs a lot of work, but it is a big lot in nice location in Ridgewood.
I’m still debating the Geothermal, but now I’m leaning towards a heat pump.
With an underground oil tank, you should have accepted no less than 100k off.
The new rules, which expire in three years, also apply to former homeowners who completed a short sale, where a bank approves the sale for less than the amount owed.
That could help potential buyers like Candy Alvarado, who sold a condominium in Norwalk, Calif., for $108,000 three years ago, leaving her bank with a $168,000 loss. The 31-year-old schoolteacher, who used a no-money-down mortgage, said it didn’t make sense to keep the condo after home values dropped and her work hours were cut during the recession.
Ms. Alvarado and her husband began looking for a home for around $400,000 in April and they are preapproved for an FHA-backed loan. “We’ve been saving, and we want to make sure we have a home where we can build equity,” she said.
And we still question whether or not housing prices go up? This idiot strategically defaulted on a small $268k loan 3 years ago yet the government is about to hand her the power to put down $14k and buy a $400k home probably avoiding any closing costs through some bull crap subsidy.
Fiscal responsibility is for suckers.
Interesting comments about solar panels and putting out fires from NJ.com not that I have any idea what anyone does about it.
http://www.nj.com/burlington/index.ssf/2013/09/dietz_and_watson_warehouse_fire_solar_panels_make_battling_blaze_much_harder_officials_say.html#incart_m-rpt-1
Ben,
I bet all the furniture they bought for that place didn’t stay there when they took the keys. As I think Clot said years ago…….”Cash for everybody!!!!!”
Her down payment for the new home was probably “saved up” by not paying her mortgage for a year.
Siap.
Is the cap working?
http://www.nj.com/politics/index.ssf/2013/09/wave_of_reforms_result_in_lower_salaries_for_police_and_fire_fighters.html
agree .
@NewsBreaker: BREAKING: Speaker Boehner supports Obama’s call for action against Syria, says colleagues should also – @AP
feels like the fix was in from the start .
back room pols at its best . sell the american people down the river .
keep a war going , we all can line our pockets for years to come
Idiots. Stay the f.uck out of Syria.
anon (the good one) says:
September 3, 2013 at 6:39 pm
agree .
@NewsBreaker: BREAKING: Speaker Boehner supports Obama’s call for action against Syria, says colleagues should also – @AP
ben (67)-
I called it in 2008: anyone who pays his mortgage is a sucker and an idiot.
Free money for everyone!
Great. Align ourselves with AQ in a proxy war where there will be no winners.
Bend over and kiss your asses goodbye, folks. WWIII is about to begin.
Uh, wait a minute. Saudi Arabia and Qatar will win the war…and they won’t be doing any of the fighting.
Where is Lee Harvey Oswald in our hour of need?
I’ve never wished cancer on anyone, but Boehner is testing my limits.
Obama really is a piece of work. When somethin is blocked by con gress against public majority its a travesty. But wheb he wants to attack Syria, he will ask the American people throufh those ssme congressmen and ignore the public opposition
ben (84)-
The only thing sociopaths and megalomaniacs like Bojangles understand is hot .223 between the eyes.
The spambots here are more interesting than anon’s posts.
I agree with #90.
The spambots here are more interesting than anon’s posts.
Hilarious Clot.
ChiFi Latte:
If you are looking for cool things to do in Vegas, I can suggest about 20 things that will blow your mind, as well some other body parts too.
I am actually going to be booked most of the time. Maybe one free night…..suggestions? If it involves food or Circle Jerk du Solid Waste then no….also, I don’t want to leave the Strip…..but I know you are a vet, so shoot….believe it or not, I am not going to gamble at all…..
Libtard at home says:
September 3, 2013 at 8:38 pm
ChiFi Latte:
If you are looking for cool things to do in Vegas, I can suggest about 20 things that will blow your mind, as well some other body parts too.
Goddamit, now I have to learn Japanese to understand this blog.