Monthly Archives: August 2006

From the Wall Street Journal: ‘Stated Income’ Home Mortgages Raise Red Flags Martha Aikens was on the verge of losing her home in early 2004. The culprit: a loan that she had been induced to take out a year and … Continue reading →

From the Daily Record: Highlands development still up, but showing signs of a slowdown The number of housing units in Morris County and four of the other counties with land in the Highlands region rose from 2004 to 2005, but … Continue reading →

From Barrons (no link): The No-Money-Down Disaster By LON WITTER According to the Commerce Department’s estimates, the national median price of new homes has dropped almost 3% since January. New-home inventories hit a record in April and are only slightly … Continue reading →

From the Trentonian: Tensions high in Riverside: Both sides square off at rally against illegal alien ordinance Simmering tensions over illegal immigrants were ratcheted up yesterday in this small town on the Delaware River, as a rally protesting the passage … Continue reading →

From the New York Times: Just What a City Ordered ONCE a place of higher learning, later a place of less-lofty activities, a 21-acre site here is about to be transformed into a slice of the good life, say city … Continue reading →

From the Herald News: With no buyer for plant, housing is planned When Richard Chmielewski talks about losing the job he performed for 25 years at Garden State Paper during the 2001 Enron collapse, it’s what he doesn’t say that … Continue reading →

From the Asbury Park Press: Hissing sound grows louder It would be premature to declare the real estate bubble is about to burst. But the latest home sales reports show the air is starting to seep out of it. … … Continue reading →

From the Philadelphia Inquirer: N.J. joblessness is among the fastest-rising New Jersey’s unemployment rate is rising faster than almost any other state as employment in the state’s private sector declines. Telecommunications and drug companies once produced high-paying, high-technology jobs for … Continue reading →

Observations about your local areas, comments on news stories or the New Jersey housing bubble, Open House reports, etc. If you have any questions you wanted to ask earlier in the week but never posted them up, let’s have them. … Continue reading →

From the APP: Shifting tax burden to businesses would harm state When I first heard there was going to be a special legislative session to lower property taxes for residents, I was excited. A summer session focused on property taxes … Continue reading →

From the NY Times: Some Call for New Jersey to Intervene to Save Xanadu Project As the half-built, multibillion-dollar Xanadu shopping and entertainment complex in the Meadowlands unravels along with its parent company’s finances, some top officials conceded the failure … Continue reading →

Decided to spend some time going through the tax records to see if I could determine how condos were affected during the last real estate crash. I’m sure many of you have spent time working with these systems to get … Continue reading →