Monthly Archives: April 2010

Economic worries persist

Posted on April 12, 2010 by grim

From the Courier Post: Worries remain in N.J. about economy One in five New Jersey residents is better off today than a year ago. … Still, it is instructional to take the official pulse of the people every once in … Continue reading →

Posted in Economics, New Jersey Real Estate | 428 Comments

Slump over? Not so quick.

Posted on April 11, 2010 by grim

But first, a musical interlude: From the NYT: Don’t Bet the Farm on the Housing Recovery MUCH hope has been pinned on the recovery in home prices that began about a year ago. A long-lasting housing recovery might provide a … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 133 Comments

Actually, it’ll take another bubble.

Posted on April 9, 2010 by grim

From MarketWatch: Recovering lost home equity will take years I recently asked the folks at HSH Associates, the popular and oft-quoted Pompton Plains, N.J., financial publishing house, to run some numbers, and their findings aren’t terribly encouraging. “It’s going to … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 621 Comments

Frat House Bordello

Posted on April 8, 2010 by grim

From the LA Times: Foreclosure auction of Nicolas Cage’s mansion is a flop Nicolas Cage is leaving Bel-Air. And not by choice. The fate of the sprawling Tudor mansion owned by the actor, who won an Oscar for his role … Continue reading →

Posted in Foreclosures, Humor | 891 Comments

Hole just got deeper

Posted on April 7, 2010 by grim

From Bloomberg: New Jersey Taxes $250 Million Behind Christie Plan New Jersey will get about $250 million less revenue than Governor Chris Christie projected for this fiscal year and next because of lagging retail sales taxes, according to a copy … Continue reading →

Posted in Economics, New Jersey Real Estate, Property Taxes | 403 Comments

An actual “virtual tsunami of tax appeals”

Posted on April 6, 2010 by grim

From the Record: Commercial properties’ slump could slam homeowners The commercial real estate slump may be dragging down landlords’ rental incomes, but it may also help reduce their tax bills. Faced with values that have plunged over the last two … Continue reading →

Posted in Economics, New Jersey Real Estate, Property Taxes | 358 Comments

Paying for Unemployment

Posted on April 5, 2010 by grim

From the APP: NJ unemployment fund: Short of cash Christopher Nagy, a carpenter from Bradley Beach, was called into his employer’s office on Christmas Eve 2009 and told that not only would he not receive a bonus this year, but … Continue reading →

Posted in Economics, New Development, Politics | 342 Comments

Weekend Open Discussion

Posted on April 2, 2010 by grim

This is the time and place to post observations about your local areas, comments on news stories or the New Jersey housing market, open house reports, etc. If you have any questions you wanted to ask earlier in the week … Continue reading →

Posted in General | 331 Comments