From the Star Ledger:
This N.J. area now ranks 5th in U.S. for vacant houses
While the future of the ailing resort shore city rests in the hands of Trenton lawmakers, the local residential real estate is reeling.
The Atlantic City area vacancy rate is now among the top-five metropolitan statistical markets in the nation — a list led by the struggling cities of Flint, Mich., and Detroit — according to the California-based housing firm RealtyTrac.
The number of vacant homes in the local market, which includes the town of Hammonton, has reached 3.7 percent of its roughly 112,000 residential properties, or 4,191, in the first quarter of this year.
Nationally, vacancy rates have dropped by .2 percent since RealtyTrac’s September analysis of the market when 1.5 million properties were unoccupied. The February report shows that out of 85 million residential properties in the country, 1.3 million are currently vacant.
The vacancy rate in the Atlantic City metro area trails only four other metropolitan areas with more than 100,000 homes:
1. Flint, Michigan with 7.5 percent or 11,605 vacant houses
2. Detroit with 5.3 percent or 8,119
3. Youngstown, Ohio, with 4.4 percent or 6,979
4. Beaumont, Texas with 3.8 percent or 4,695
5. Atlantic City, New Jersey with 3.7 percent or 4,191According to the analysis, 17 percent of the vacant properties in the Atlantic City metro area are underwater, which means the home loan is higher than the market-price of the property, in an area where in 2015 the foreclosure rate was more than four-times the national average.
Statewide last year, the foreclosure rate was the highest in the county as the national number of distressed properties has dipped to a nine-year low, according to a report in January.
New Jersey also saw one of the largest increases in “zombie” foreclosures — properties abandoned by the owner but not yet in bank’s possession — up 49 percent from a year ago.
Good Morning New Jersey
mornin mike’
Got that good old 2008-09 feeling again. Gather up your ingots, kids.
https://www.youtube.com/watch?v=zMYSYU3b9jY
Are second homes counted as vacant homes?
In order to make the vacation home category consistent over the decades, “seasonal”, “held for occasional use”, and “for migrant workers” are combined. The “occasional use” category was not used prior to the 1960 census, which could partly explain a surge in vacation housing in 1960. It is also true that the number of units recorded for this first-time classification in 1960 was very small. Counts of seasonal and occasional use vacant units are separately provided from 1960 to 1980, but they were combined beginning in 1990 because evidence indicated enumerators had great difficulty determining the difference.
https://www.census.gov/hhes/www/housing/census/historic/vacation.html
No, a vacation home or seasonal rentals are not by any means considered vacant.
Occupancy and Vacancy are two different things. Occupancy refers to people, Vacancy refers to both people AND things. A vacant property is one that contains no inhabitant or any of the furniture or other items that would be necessary for someone to occupy the property.
I take a cold morning in NJ than a hot night in Somalia. High minimum wage and all. anytime
Wonder what the Shanghai markets going to do when they return from the week off to celebrate the lunar new year? I’m going out a bit on the limb here, but if I had any dry powder left (which I don’t), I would be getting into the US indexes right about now. Yes, you can’t nail the bottom, but I have a feeling that we are pretty close.
I’m with you, great opportunity to buy US indexes.
Libturd supporting the Canklephate says:
February 12, 2016 at 8:51 am
Wonder what the Shanghai markets going to do when they return from the week off to celebrate the lunar new year? I’m going out a bit on the limb here, but if I had any dry powder left (which I don’t), I would be getting into the US indexes right about now. Yes, you can’t nail the bottom, but I have a feeling that we are pretty close.
The answer of course is legalized Prost!itution though that would only be a temporary boost once the rest of the country figured out that it should be legal everywhere, and similar to gaming would be avail everywhere. mar!juana sales would also be a game changer but not just for AC. A few shops or restaurants scattered around the state but only allowed in our poorest downtowns would blow the 3.5% sales tax away as an incentive to attract shoppers.
Somalia, lol. That’s where Ayn Rand made her fortune as a railroad magnate IIRC. You know, because she was a plucky go getter.
Otto, Hillary aught to save that pant suit she wore to the debate last night. The color and style will most likely match the jumpsuits they’ll give her in the federal pen.
Need a referral for a mortgage broker in South Jersey. Our paralegal was using someone who she felt was shaky and now wants to look elsewhere. I’ve been out of this market so long, I know no one in NJ anymore, and certainly not in SoJersey
If you have any names of folks you trust, email me at comradenomdeplume@gmail.com
[6] twidiot,
“High minimum wage and all. anytime”
Well of course you would. It’s the only way you’re gonna make that kind of money legally.
[7] lib,
I don’t know that we are close but at this point, I am going by gut. At some point, the consumer gets spooked because his 401K got slammed. I am starting to sense some of that in some stats.
BTW, Cramer says the bottom isn’t in for banks. Using my CCI (Cramer Contrarian Indicator) metric, I say it is time to buy banks.
[13] redux
Seems I am not the only person who zigs when Cramer zags:
https://www.youtube.com/watch?v=iqgb44NNgtg
Actually, Ayn Rand was a plucky immigrant go-getter. Her goal in life was to be an author, not a railroad magnate, and in that goal she spectacularly succeeded, writing two best-selling novels that remain in print and active discussion more than 50 years after publication. She, (like Nabokov) fled communist tyranny in Russia, came to America, and went on to went on to write best-selling novels in a second language that went on to be made into popular movies, and made a lasting mark on American culture. In Ayn Rand’s case, she helped modestly turn the tide, at least for a while, away from statist-collectivist policies, and offered a novel approach to philosophy accessible to the common man, leading to hissy fits and derision from ivory tower, American-hating philosophers of her day. This of course is why the statist non-thinkers like Otto, Anon, et. al. despise her so viscerally and constantly make ad-hominem attacks on a philosopher whose ideas they are incapable of answering honestly.
The Academy Award nominated documentary “Ayn Rand: A Sense of Life” chronicled her life and work, inspiring many, even those who are not particularly interested in her philosophy.
What have you accomplished in your life, besides smearing feces on other people’s accomplishments?
Nom…club is contemplating a bank at our meeting next Wednesday. Signature Bank. Do your own research though.
No one follows Cramer except for fools.
Then again, lots of Hillary endorsements have come from people dumb enough to invest with Madoff.
Shiny is looking good right about now.
Negative Interest Rate Policies May Be Part of the Problem
Central banks around the world are developing a newfound fondness for experimenting with negative interest rate policy (NIRP) despite unknown consequences and what appears to be a chilling effect on financial markets.
After initially rejecting the idea given the uncertainties and potential for collateral damage, the European Central Bank in 2014 and the Bank of Japan last month joined the central banks of Denmark, Sweden and Switzerland in negative territory. Now it seems the Fed may be warming to the idea, having gone beyond supportive innuendo to subtle preparation for potentially engaging in NIRP. (One example: The Fed’s 2016 scenarios for bank stress tests, released in late January, included as part of the “severely adverse scenario” the potential for short-term Treasury rates to fall to negative 50 basis points.)
https://www.pimco.com/insights/viewpoints/viewpoints/negative-interest-rate-policies-may-be-part-of-the-problem
Shiny was looking a lot better at 1060. Market goes down, gold goes up. What you gonna do when market goes back up?
Countless security companies operate businesses in Somalia…temporarily filling a void left by the former government in 1991.
The US embassy to Somali embassy has reopened.
Recently one of the largest refineries in East Africa was built in Somalia.
The fishing industry has re-surged.
Somali stock exchange started trading last September.
Mastercard announced an agreement with a Somali Bank in June of 2015 saying they will begin issuing cards in Somalia.
Also…oil: ” “Intelligence collected by Strategic Intelligence shows Somalia’s Puntland province has 10 billion barrels of oil reserves, making it one of the top 20 countries holding oil,” it added.
Further, the brief says that a company that drilled wells in Puntland (a semi-autonomous state in north-eastern Somalia) estimates 4 billion barrels – worth about $500 billion in today’s prices – in its two discoveries in Somalia.
If drilled, it added, Somali oil would beat countries like Nigeria and Kuwait, to make the Horn of Africa state the 7th largest producer in the world.”
Headwinds include poor international image, Al Shabab rebels, and piracy….although both have subsided recently.
Ali Shamkhani: Iranian Official Claims Republicans Asked Release of 4 American Prisoners Be Delayed
Shamkhani said at a rally that U.S. Republican officials asked that the recent release of American prisoners be delayed until after the upcoming presidential election, Tasnim News Agency reported.
What about the Somali pirate?
pirates?
Is anyone besides me working today?
http://www.aljazeera.com/indepth/features/2015/10/illegal-overfishing-return-somalia-pirates-151006111159994.html
Libturd supporting the Canklephate says:
February 12, 2016 at 11:49 am
pirates?
24. i ‘m the captain meow….
Yarr I’m a little bit jealous.
[17]. Lib
Cramer doesn’t even follow Cramer. He has flipped so often in the past six months, he earned a spot on the 2016 US Men’s Gymnastic squad for Rio
[27] sx
No, if all my HS friends are to be believed I’M the Captain.
(Old HS nickname. Had nothing to do with sports either)
TRENTON — More than two million people left New Jersey between 2005 and 2014, taking billions of dollars in income and economic activity with them, according to a state business group that blames high taxes for the exodus.
The Business and Industry Association’s new report said so-called outmigration over a 10-year span cost the state $18 billion in net adjusted gross income, 75,000 jobs, $11.4 billion in economic activity, $4.2 billion in labor income and $8.4 billion in household spending.
“This outmigration of New Jersey residents has had a substantial and continuing negative impact on the state’s economy,” the report said. “When New Jerseyans leave the state they not only take their income with them, but they take income taxes, sales taxes, property taxes and purchasing power with them as well.”
New Jerseyans most often move to Pennsylvania, New York, Florida, California and North Carolina, though Pennsylvania is traditionally the most popular destination.
One of our drinking games from my days as the Captain was to try to get the driver as sh/tfaced as possible if he had a hot car. Object was to get him to relinquish the keys. Never worked. Surprised we aren’t dead
If water companies know that there is lead, weird occurrences (fish with multiple sex organs), and other crap in the water that may (or may not) be harmful, what is their responsibility to inform the public? Or is it up to the public to test their own water and discover it on their own?
Not related to the Flint, MI water situation but I see a parallelism in that some entity (church or City Hall) that people commonly assign implied governance, have an unofficial policy that implies that responsibility of your own well being is in your hands. Which I agree, you need to be responsible for yourself but that doesn’t negate their responsibility either.
Vatican Tells New Bishops They Don’t Have to Report Sexual Abuse to Police
The Vatican has told new Catholic bishops that they have no obligation to report clerical child abuse, according to reports.
During a presentation for newly appointed bishops, French Monsignor Tony Anatrella said they don’t have a duty to report abuse because it should be the responsibility of victims and their families to go to the police.
http://www.newsweek.com/vatican-sex-abuse-bishops-425509?piano_t=1
Lib,
I’m working today – busier than ever. Someone needs to pay for the Clinton/Sanders supporters.
So how exactly are these people taking property taxes with them?
“This outmigration of New Jersey residents has had a substantial and continuing negative impact on the state’s economy,” the report said. “When New Jerseyans leave the state they not only take their income with them, but they take income taxes, sales taxes, property taxes and purchasing power with them as well.”
http://www.latimes.com/opinion/op-ed/la-oe-pham-somalia-pirates-captain-phillips-20-001-photo.html
A United Nations report and several news sources have suggested that the piracy off the coast of Somalia was caused in part by illegal fishing by foreign boats taking advantage of the war, which resulted in lost fishing income to local communities.[5][6][7] According to the German Institute for Economic Research and the US House Armed Services Committee, the dumping of toxic waste in Somali waters by foreign vessels also severely constrained the ability of local fishermen to earn a living. In response, the fishermen began forming armed groups to stop the foreign ships. They eventually turned to hijacking commercial vessels for ransom as an alternate source of income.[8][9] In 2009, a survey by WardheerNews found that approximately 70 percent of the local coastal communities at the time “strongly support[ed] the piracy as a form of national defense of the country’s territorial waters”. The pirates also believed that they were protecting their fishing grounds and exacting justice and compensation for the marine resources stolen.[10][11][12] In the absence of an effective national coast guard following the outbreak of the civil war and the subsequent disintegration of the Armed Forces, local fishermen formed organized groups in order to protect their waters. This is reflected in the names adopted by some of the pirate networks, such as the National Volunteer Coast Guard, which are testimony to the pirates’ initial motivations.[13] However, as piracy became substantially more lucrative, other reports have speculated that financial gain became the primary motive for the pirates.[14][15][16]
Thanks for your efforts Gary! Sander’s appreciates it. Hillary was probably paid by your employer.
More boats pointing their guns at fishing vessels…demanding permit fees….
http://wow.uscgaux.info/content.php?unit=114-06-08&category=whats-news
Gotta respect these individuals. In the U.S., when corporate powers take away people’s jobs, they do nothing about it. At least in Somalia they have the right idea. Fight for your rights, or they will just walk all over you.
D-FENS says:
February 12, 2016 at 12:44 pm
A United Nations report and several news sources have suggested that the piracy off the coast of Somalia was caused in part by illegal fishing by foreign boats taking advantage of the war, which resulted in lost fishing income to local communities.[5][6][7] According to the German Institute for Economic Research and the US House Armed Services Committee, the dumping of toxic waste in Somali waters by foreign vessels also severely constrained the ability of local fishermen to earn a living. In response, the fishermen began forming armed groups to stop the foreign ships. They eventually turned to hijacking commercial vessels for ransom as an alternate source of income.[8][9] In 2009, a survey by WardheerNews found that approximately 70 percent of the local coastal communities at the time “strongly support[ed] the piracy as a form of national defense of the country’s territorial waters”. The pirates also believed that they were protecting their fishing grounds and exacting justice and compensation for the marine resources stolen.[10][11][12] In the absence of an effective national coast guard following the outbreak of the civil war and the subsequent disintegration of the Armed Forces, local fishermen formed organized groups in order to protect their waters. This is reflected in the names adopted by some of the pirate networks, such as the National Volunteer Coast Guard, which are testimony to the pirates’ initial motivations.[13] However, as piracy became substantially more lucrative, other reports have speculated that financial gain became the primary motive for the pirates.[14][15][16]
40- I’m still amazed that we live in a world where natural resources like water can be “owned”. Can’t wait till they start charging for the air we breath.
….it takes a village…
Just had my free Chipotle burrito. You could definitely taste the difference with their pico de gallo. Everything else tasted the same. Line was out the door. I, deftly ordered ahead and cut the line.
Will report on the after affects tomorrow.
Interesting. What I already know, when it comes to investing, human psychology is the biggest thing to pay attention to. Not the only thing to pay attention to, but def the most important, imo.
“A questionnaire survey looked at home buyers in May 1988 in two “boom” cities currently experiencing rapid price increases (Anaheim and San Francisco), a “post-boom” city whose home prices are stable or falling a couple years after rapid price increase (Boston) and a “control” city where home prices had been very stable (Milwaukee). Home buyers in the boom cities had much higher expectations for future price increases, and were more influenced by investment motives. The interpretations that people place on the boom are not usually related to any concrete news event; there are instead oft-repeated cliches about home prices. This suggests that sudden real estate booms have, at least in part, a social, rather than rational or economic, basis. There is evidence for excess demand in boom markets and excess supply in the post-boom market; there appear to be various reasons for this: notions of fairness, intrinsic worth, popular theories about prices, coordination problems, and simple mistakes.”
http://www.nber.org/papers/w2748
Mr. Slick. You are the man.
Libturd supporting the Canklephate says:
February 12, 2016 at 1:41 pm
Just had my free Chipotle burrito. You could definitely taste the difference with their pico de gallo. Everything else tasted the same. Line was out the door. I, deftly ordered ahead and cut the line.
pico de gallo was better or worse tasting?
Lib, you will be feeling the after affects in about an hour….
lib,
You’re going to need some Chipotleway to get the blood stains out of your underwear
http://southpark.cc.com/clips/251865/billy-mays-here
Way worse. Completely bland. Like from a jar.
Oil up 12% today? Did I call the bottom?
Peak oil in the 7o’s, huh?
“U.S. Is Running Out of Room for Oil
The thousands of attendees seeking reasons for optimism didn’t find them at the annual International Petroleum Week. Instead they were greeted by a cacophony of voices from some of the largest oil producers, refiners and traders delivering the same message: There are few reasons for optimism. The world is awash with oil. The market is overwhelmingly bearish.
No Hope
Producers are bracing for a tough year. Prices will stay low for up to a decade as Chinese economic growth slows and the U.S. shale industry acts as a cap on any rally, according to Ian Taylor, chief executive officer of Vitol Group, the world’s largest independent oil trader. Even refiners, whose profits have held up better than expected, are seeing a worsening outlook.”
http://www.bloomberg.com/news/articles/2016-02-12/the-oil-industry-got-together-and-agreed-things-may-never-get-better
52-
““The oil industry is facing a crisis,” said Patrick Pouyanne, CEO of Total SA, Europe’s biggest refiner. BP Plc boss Bob Dudley described himself as “very bearish” and joked that the surplus is so extreme that people will soon be filling swimming pools with crude.
As the world runs out of places to store oil, “I wouldn’t be surprised if this market goes into the teens,” said Jeff Currie, head of commodities research at Goldman Sachs Group Inc.”
Article for clot.
“Gold has rallied because:
Janet Yellen is freaking out a little.
Everyone else is freaking out a lot.
It’s almost Valentine’s Day.
Two black holes merged, proving Einstein was right roughly 1.3 billion years before the genius was even born.
Spoiler: Reason no. 4, while a cool story, is largely spurious, its inclusion intended to show only that definitive explanations of gold’s movements are a bit like gravitational waves: You know they exist, but they are fiendishly hard to pin down.
THE PRECIOUS
Defy your romantic instincts and you might think reason no. 3 is also mere flippancy. But it actually reflects this trend in several recent years:”
“Two things should give gold bulls pause, though.One concerns who is buying gold. The latest report from the World Gold Council shows that, since late 2015, the most enthusiastic buyers have been investors and central banks — the most volatile sources of demand. While demand overall increased by 4 percent in the fourth quarter, year over year, in the jewelry and technology sectors — two thirds of the market — it actually fell.In addition, half of gold demand is accounted for by consumers in India, China and the Middle East. Recession fears might buoy demand for gold as an economic hedge, but don’t forget those fears center mostly on commodity producers and the developed world, which could easily undercut jewelry sales there.”
http://www.bloomberg.com/gadfly/articles/2016-02-12/gold-prices-defy-gravity-but-for-how-long
“Millennials and their older co-workers have reason to be optimistic about their job prospects. In December, job openings hit their second-highest level since the BLS began recording these figures in 2000 (July set the record, with 5.67 million openings). Employers hired more people in December than at any point since November 2006. In short, it’s a good time to be a restless worker.”
http://www.bloomberg.com/news/articles/2016-02-12/have-millennials-made-quitting-more-common
Agree with this guy in the comments section(obviously I have stated numerous times that it’s wrong to blame the workers). Christie really messed up this state by dividing it.
“We left due to high taxes, a declining education system, failing government, crumbling infrastructure and the persistent vilification of public employees as the root cause of all that ails New Jersey’s budget woes.
And based on my interaction with vast others who have emigrated from the garden state we’re not alone in feeling this way.
I loved my home state, and will always have a place in my heart for NJ, but it became fiscally and socially inappropriate for us to stay.”
“Then you are a fibber, vilification of public employees is the reason you left? LOL!!!”
“Incorrect, sir. The notion a governor could spearhead a campaign against his/her own constituents, rallying a populous against the PEOPLE performing the work, instead of the policies they are benefited by was abhorrent and disgusting. Not that the same bull$h1t doesn’t happen elsewhere. However, watching my friends and family be criticized for holding noble and benevolent professions in education and public safety & then, as a group, dragged out and flogged because the policies of the past were suddenly deemed “unfair” by the sheeple clinging to Christies’ chubby teat, was the coffin nail in our decision.
NJ has always had an abrasive, in-your-face culture; but Christie’s blowhard, bullying a$$hattery was a pitiful display of government flexing nuts when it had none.”
Ever wonder what happened to the clinton email server?
https://www.youtube.com/watch?v=FECIYlo3KRY
Now that’s a campaign smear ad done right.
The real scene from the movie office space….
https://www.youtube.com/watch?v=N9wsjroVlu8
This list says it all. I’m seeing hundreds of towns with affordable taxes. Of course everyone just focuses on the exclusive towns in the top 25%. Moral of the story, don’t live in a rich town if you don’t want to pay high taxes.
Tavistock $30,723
Millburn $22,735
Loch Arbour $21,663
Alpine $20,888
Mountain Lakes $19,727
Tenafly $19,254
Rumson $18,960
Essex Fells $18,719
Glen Ridge $18,569
Mendham Township $18,434
Demarest $17,937
Montclair $17,779
Princeton $17,699
South Orange $17,155
Summit $17,114
Upper Saddle River $17,112
Haworth $16,940
Ridgewood $16,798
Saddle River $16,670
Franklin Lakes $16,635
Westfield $15,913
Mantoloking $15,788
Old Tappan $15,765
Deal $15,511
Cresskill $15,272
Rockleigh $15,245
Chester Township $15,239
Woodcliff Lake $15,193
Glen Rock $15,157
North Caldwell $15,077
Ho-Ho-Kus $15,045
Far Hills $14,918
Livingston $14,879
Bernardsville $14,810
Closter $14,715
Mendham Borough $14,577
Allendale $14,551
Colts Neck $14,519
Montgomery Township 14276
Harrington Park $14,263
Maplewood $14,251
Warren Township 14135
Fair Haven $14,012
Watchung $13,979
River Vale $13,894
Haddonfield $13,830
Oradell Borough $13,796
Kinnelon $13,706
Peapack-Gladstone $13,551
Chatham Township $13,547
Harding Township $13,485
West Windsor Township 13466
New Providence $13,364
Wyckoff $13,280
Tewksbury Township $13,251
Holmdel $13,093
West Orange $12,895
Pennington $12,892
Allenhurst $12,825
Little Silver $12,756
Bay Head $12,749
Chatham Borough $12,663
Scotch Plains $12,562
Chester Borough $12,537
Norwood $12,524
Hopewell Township 12439
Sea Girt $12,437
Madison $12,338
River Edge $12,335
Hillsdale $12,321
Berkeley Heights $12,195
Weehawken $12,164
Randolph $12,155
Bernards Township 12110
Leonia $12,055
Wayne $12,043
Spring Lake $11,881
Ramsey $11,829
Englewood Cliffs $11,802
Mountainside $11,787
Park Ridge $11,760
Montville $11,715
Englewood $11,667
Green Brook $11,524
Boonton $11,523
Teaneck $11,513
Cranbury $11,446
Sparta $11,411
Montvale $11,319
Fanwood $11,218
Long Hill $11,198
Emerson $11,118
Millstone $11,094
Midland Park $11,020
Moorestown $11,008
Oakland $10,952
Rutherford $10,951
Upper Freehold Township $10,928
Hopewell Borough 10917
Caldwell $10,881
Shrewsbury $10,803
Verona $10,791
Brielle $10,744
Springfield Township $10,700
Highland Park $10,666
Waldwick $10,666
Ringwood $10,607
Harrison $10,552
Robbinsville Township 10550
Delaware Township $10,526
Cranford $10,523
Washington Township $10,517
Marlboro Township $10,506
Hasbrouck Heights $10,506
North Haledon Borough $10,498
New Milford $10,493
Nutley Township $10,464
Washington Township $10,426
Green Township $10,415
Bloomfield $10,356
Bloomingdale Borough $10,356
Wenonah $10,348
Dumont $10,327
Roseland $10,315
Fort Lee $10,300
Franklin Township $10,289
Northvale $10,247
Hawthorne $10,215
Bethlehem Township $10,215
Woodland Park $10,164
Lodi Borough $10,163
Woolwich Township $10,160
West Caldwell $10,145
Clinton $10,098
Cedar Grove Township $10,089
Chesterfield Township $10,084
Fair Lawn $10,012
Linwood $10,009
Medford Township $9,986
Prospect Park $9,984
Bergenfield $9,981
Morris Township $9,967
Harvey Cedars $9,953
Haledon $9,952
Readington Township $9,943
Longport $9,940
Metuchen $9,935
Califon Borough $9,903
Westwood Borough $9,852
Kearny Town $9,822
Pompton Lakes $9,815
Alexandria Township $9,771
Bogota $9,735
Clark $9,728
Boonton $9,727
Mount Olive Township $9,692
Passaic $9,667
Clinton $9,643
Avon-by-the-Sea $9,634
Bayonne $9,605
Denville Township $9,583
Plainsboro Township $9,577
North Arlington $9,555
Rockaway Township $9,540
Roselle Borough $9,531
East Brunswick $9,525
Ridgefield Park $9,516
Roselle Park $9,514
Garwood Borough $9,494
Fredon Township $9,444
Morris Plains $9,407
West Amwell Township $9,326
Raritan Township $9,318
Little Falls Township $9,309
Clifton City $9,210
Morristown $9,202
Elmwood Park $9,177
Long Beach Township $9,110
Oceanport $9,106
Voorhees Township $9,099
Hillside $9,096
Florham Park $9,081
Elizabeth $9,073
Totowa $9,063
Guttenberg Town $9,058
Franklin Township $9,042
Somerville $9,028
Branchburg Township 9015
West Long Branch $9,010
Fairfield Township $8,991
West Milford Township $8,982
Maywood $8,959
Rocky Hill Borough $8,958
Paramus $8,950
Ocean Township $8,935
South Harrison Township $8,925
Wanaque $8,918
Little Ferry $8,910
South Brunswick $8,895
Harrison Township $8,894
Pine Valley $8,888
South Hackensack $8,853
Palisades Park $8,848
Wood-Ridge $8,825
Belleville $8,818
Andover Township $8,723
Wall Township $8,711
Fairview $8,699
East Amwell Township $8,669
Hillsborough $8,655
Interlaken Borough $8,654
Bridgewater $8,644
Hightstown $8,633
Edison $8,622
Atlantic Highlands $8,608
Haddon Heights $8,591
Medford Lakes $8,570
Roxbury Township $8,527
Middletown $8,526
Byram Township $8,514
Washington Township $8,512
Milltown $8,493
Butler $8,490
High Bridge $8,487
Beach Haven $8,479
Wallington $8,475
Freehold Township $8,470
Greenwich Township $8,448
East Orange $8,442
Lyndhurst $8,428
Lafayette Township $8,419
Rockaway Borough $8,416
Linden City $8,407
Ridgefield $8,406
Union Township $8,402
Frenchtown $8,390
Millstone 8390
Hackensack $8,373
Kenilworth $8,339
Parsippany-Troy Hills $8,333
Plainfield $8,317
Rahway $8,313
Manasquan $8,273
North Brunswick $8,268
East Greenwich Township $8,253
Shamong $8,234
Matawan $8,189
Allentown $8,170
Lincoln Park $8,166
Mahwah $8,154
North Plainfield 8126
Long Branch $8,121
Orange $8,120
Union Township $8,090
Manalapan $8,086
Point Pleasant Beach $8,085
Lebanon Township $8,069
Riverton Borough $8,062
East Windsor $8,032
Saddle Brook $8,024
Cliffside Park $8,020
Cherry Hill $8,016
Laurel Springs Borough $7,992
Frelinghuysen Township $7,968
Pequannock Township $7,949
Barrington Borough $7,923
Paterson $7,912
Moonachie $7,907
Kingwood Township $7,866
Edgewater Borough $7,859
Springfield Township $7,841
Rochelle Park $7,832
Dunellen Borough $7,814
Monmouth Beach $7,805
South Bound Brook 7795
Hackettstown Town $7,780
Hardwick Township $7,774
East Hanover Township $7,755
Hoboken $7,751
Ventnor $7,744
Bound Brook $7,730
Margate $7,675
Flemington $7,669
Newton $7,640
Gibbsboro $7,639
Haddon Township $7,618
Middlesex $7,617
Stockton $7,611
Jefferson Township $7,596
Lawrence Township 7576
Union City $7,561
Roosevelt $7,561
Hope Township $7,548
Milford $7,540
Ogdensburg Borough $7,532
Spotswood Borough $7,532
Hampton Borough $7,514
Stone Harbor $7,504
Seaside Park $7,474
Collingswood $7,449
Garfield $7,424
Woodbridge $7,423
Hazlet $7,422
Mansfield Township $7,421
Holland Township $7,406
Red Bank $7,404
Stanhope $7,381
Howell $7,325
Pilesgrove Township $7,309
Mount Arlington $7,309
Mansfield Township $7,285
Eatontown $7,278
Tabernacle Township $7,278
Point Pleasant Boro $7,269
Jamesburg $7,257
Bordentown $7,255
Wharton $7,247
Cinnaminson $7,246
Delran $7,238
South Amboy $7,221
Independence Township $7,207
Woodbury Heights $7,197
Bradley Beach Borough $7,195
North Bergen Township $7,189
West New York $7,189
Netcong $7,176
Raritan 7164
Avalon $7,126
Merchantville $7,124
Northfield City $7,113
Irvington $7,113
Piscataway $7,102
Washington Township $7,045
Evesham Township $7,036
Franklin Township $7,030
Berlin Borough $7,023
Jackson Township $7,005
Monroe Township $7,003
Old Bridge Township $6,984
Perth Amboy $6,969
Mine Hill $6,952
East Newark $6,950
Hopatcong $6,950
South Plainfield $6,944
Manville $6,942
Knowlton Township $6,935
Hanover Township $6,932
Oaklyn $6,914
Island Heights $6,892
Aberdeen $6,879
Lambertville $6,876
Sayreville $6,876
Sea Bright $6,867
Blairstown $6,847
Carlstadt $6,844
Lumberton Township $6,821
Monroe Township $6,810
Frankford Township $6,785
Jersey City $6,772
Wantage $6,756
Pitman $6,747
Bordentown $6,728
New Brunswick $6,710
Liberty $6,647
Washington $6,646
Audubon $6,645
Andover $6,643
Swedesboro Borough $6,630
Elk Township $6,617
Belvidere $6,616
Surf City $6,616
Lake Como $6,610
Eastampton Township $6,608
Allamuchy Township $6,598
Belmar $6,592
Woodstown Borough $6,577
Hi-nella $6,563
Waterford Township $6,548
Burlington Township $6,545
Oxford Township $6,518
North Hanover Township $6,511
Barnegat Light $6,511
Ewing Township 6500
Mantua Township $6,475
Tinton Falls $6,462
Carteret $6,446
Lopatcong Township $6,445
Pohatcong Township $6,407
Brigantine $6,406
Englishtown $6,398
Gloucester Township $6,367
Glassboro $6,361
Highlands $6,359
Lavallette $6,352
Freehold Borough $6,346
Stratford $6,340
Secaucus $6,320
Plumsted Township $6,280
Lakewood $6,266
Keyport $6,249
East Rutherford $6,235
Hainesport $6,235
Woodbury $6,232
Spring Lake Heights $6,228
Franklin $6,228
Neptune City $6,178
Mount Ephraim $6,166
Egg Harbor Township $6,166
Stillwater Township $6,137
Mount Laurel Township $6,103
Brick $6,079
Berlin Township $6,074
Hardyston Township $6,069
Barnegat $6,042
Bellmawr $6,028
Greenwich Township $6,017
Pine Hill Borough $5,991
Atlantic City $5,988
Bloomsbury $5,988
Egg Harbor City $5,981
Hampton Township $5,977
South River $5,973
Somers Point $5,970
Neptune Township $5,967
Bedminster 5960
West Deptford $5,939
Dover $5,866
Lebanon $5,862
Hamilton Township 5829
Port Republic $5,814
Eagleswood Township $5,798
Ship Bottom $5,770
Newark $5,764
Pine Beach $5,744
Vernon Township $5,734
Newfield $5,733
Willingboro $5,731
Union Beach $5,721
Franklin Township $5,705
Magnolia $5,704
Farmingdale $5,684
Stafford Township $5,681
Winslow Township $5,674
Pittsgrove Township $5,662
Helmetta $5,646
Hamburg $5,627
Toms River $5,620
Runnemede Borough $5,593
Clayton Borough $5,554
Upper Pittsgrove Township $5,533
Delanco Township $5,528
Somerdale Borough $5,527
Alpha Borough $5,527
National Park Borough $5,515
Cape May $5,510
White Township $5,471
Pennsville Township $5,464
Beverly City $5,428
Glen Gardner Borough $5,425
Absecon $5,407
Sussex Borough $5,398
Palmyra Borough $5,393
Riverdale Borough $5,365
Westampton Township $5,336
Sandyston Township $5,333
Lacey Township $5,332
Lawnside Borough $5,324
Hammonton Township $5,319
Alloway Township $5,293
Ocean City City $5,253
Woodland Township $5,233
Chesilhurst Borough $5,216
Westville Borough $5,177
Maple Shade Township $5,134
Harmony Township $5,126
Southampton Township $5,118
Galloway Township $5,092
Riverside $5,060
Deptford $5,052
Edgewater Park $5,050
Florence Township $5,038
West Cape May $5,036
Asbury Park $5,022
Upper Deerfield Township $5,022
Stow Creek Township $5,021
Buena Vista Township $5,010
Fieldsboro Borough $4,997
Mannington Township $4,953
Branchville Borough $4,933
Clementon Borough $4,922
Ocean Township $4,920
Pennsauken Township $4,884
Bass River Township $4,882
Buena Borough $4,879
Mullica Township $4,873
Seaside Heights $4,867
Tuckerton $4,862
Woodlynne Borough $4,844
Lakehurst $4,811
Greenwich Township $4,802
Keansburg $4,787
Ocean Gate $4,773
Shrewsbury Township $4,727
Burlington City $4,720
Elmer Borough $4,694
Beachwood $4,676
Wildwood $4,672
Hopewell Township $4,667
Hamilton Township $4,628
Carneys Point Township $4,607
Oldmans Township $4,604
Mount Holly $4,603
Elsinboro Township $4,591
Upper Township $4,581
Little Egg Harbor Township $4,541
Wildwood Crest $4,504
South Toms River $4,491
Deerfield Township $4,431
Maurice River Township $4,366
Weymouth Township $4,356
Lindenwold Borough $4,342
New Hanover Township $4,341
Quinton Township $4,301
Phillipsburg $4,272
Estell Manor City $4,249
Shiloh Borough $4,229
Sea Isle City $4,196
Brooklawn Borough $4,191
Pleasantville City $4,165
Victory Gardens Borough $4,133
Logan Township $4,097
Penns Grove Borough $4,079
Millville City $4,049
Lawrence Township $4,030
Middle Township $4,011
Berkeley Township $3,991
West Wildwood Borough $3,979
Gloucester City $3,955
Vineland $3,945
Montague Township $3,910
Manchester Township $3,908
Cape May Point $3,908
Washington Township $3,882
Wrightstown $3,855
Paulsboro Borough $3,783
Salem $3,725
Fairfield Township $3,705
Lower Township $3,699
Folsom Borough $3,663
Trenton City 3610
Pemberton Township $3,596
North Wildwood City $3,584
Corbin City $3,468
Winfield Township $3,427
Pemberton Borough $3,316
Downe Township $3,069
Bridgeton $2,994
Dennis Township $2,792
Commercial Township $2,443
Audubon Park Borough $2,192
Teterboro Borough $1,960
Lower Alloways Creek $1,863
Walpack Township $1,822
Woodbine $1,690
Camden $1,533
http://patch.com/new-jersey/wayne/who-pays-njs-biggest-property-tax-bills-waynes-among-them-0?utm_source=alert-breakingnews&utm_medium=email&utm_term=politics%20%26%20government&utm_campaign=alert
Grim, my post went to mod. Can you release it? It’s post 59. It’s a list of nj property taxes from highest to lowest.
Splat [Gold];
Look back 20 years on gold, folks. 2010-13 ain’t but a blip on that chart.
20 years ago Gold was $400/oz. Today is in the $1200’s. That’s 5.8% average return. SP500 showed 5.44% over the same period. That’s a hell of a roller coaster to make 0.4% extra. NASDAQ posted an avg 6.6%.
Chipotle is giving away free burritos? that’s one way to get people back in the place.
I thought Rutgers was a lost cause. Maybe there’s hope for them?
Black Lives Matter tried to interrupt Breitbart Editor lecture; students respond with “TRUMP”; forcing them to leave
Wow, just put that in perspective. These BLM activists have taken over events left and right. And a bunch of students willing to make noise shut them down. Seattle stood there and took it during the Bernie Sanders event. Meanwhile, a room full of Jersey kids handled them with ease. Go RU.
Killing some animals to try and push an enferior technology over a superior technology. Nice one, Edison. If you were a true man of science, you would have pushed the better technology as opposed to the tech that would make you the most money.
“1903: Thomas Edison stages his highly publicized electrocution of an elephant in order to demonstrate the dangers of alternating current, which, if it posed any immediate danger at all, was to Edison’s own direct current.
Edison had established direct current at the standard for electricity distribution and was living large off the patent royalties, royalties he was in no mood to lose when George Westinghouse and Nicola Tesla showed up with alternating current.
Edison’s aggressive campaign to discredit the new current took the macabre form of a series of animal electrocutions using AC (a killing process he referred to snidely as getting “Westinghoused”). Stray dogs and cats were the most easily obtained, but he also zapped a few cattle and horses.”
http://www.wired.com/2008/01/dayintech-0104/
20 years ago Gold was $400/oz. Today is in the $1200′s. That’s 5.8% average return. SP500 showed 5.44% over the same period. That’s a hell of a roller coaster to make 0.4% extra. NASDAQ posted an avg 6.6%.
lol, and the stock market wasn’t just as big of a roller coaster? Also, this sort of analysis doesn’t quite work if you go back 15 years instead of 20. Besides, referencing indexes means little in this comparison. Someone holding stocks like GM, Bear Stearns, Lehman Bros, and god knows what else saw those drop to zero. But they get cut from the index after the fact. And how many more stocks would have dropped to zero without a bailout?
*inferior
Killing some animals to try and push an enferior technology over a superior technology. Nice one, Edison. If you were a true man of science, you would have pushed the better technology as opposed to the tech that would make you the most money.
What are complaining about? The general public didn’t buy into his bullsh1t and the grid was set up with AC very rapidly. Tesla won and Edison was ultimately force out of his own company.
He was afraid that the superior technology was going to destroy jobs and destabilize the economy.
The Great Pumpkin says:
February 12, 2016 at 4:10 pm
… to try and push an enferior technology over a superior technology.
He thinks this is the debate club.
Ben says:
February 12, 2016 at 4:15 pm
What are complaining about?
[63] moose
Are you sure that was New Jersey? The only F bombs came from the protesters. I’d say the crowd went easy on them.
Good thing the free market rather than the government tends to make these decisions in the US. Otherwise we’d be stuck with a lot more non-optimal technology than we already face.
Thanks, capitalism and liberty.
Grim is on the take!
Too simplistic of an approach. What about all the companies that buy-out their competition, then take the technology, lock it up, and throw away the key?
Ragnar says:
February 12, 2016 at 4:35 pm
Good thing the free market rather than the government tends to make these decisions in the US. Otherwise we’d be stuck with a lot more non-optimal technology than we already face.
Thanks, capitalism and liberty.
I baited him into making a campaign contribution to get political favors.
He’s on the dark side now.
Wasn’t complaining. Was pointing out the character of one of America’s most celebrated inventors.
Ben says:
February 12, 2016 at 4:15 pm
Killing some animals to try and push an enferior technology over a superior technology. Nice one, Edison. If you were a true man of science, you would have pushed the better technology as opposed to the tech that would make you the most money.
What are complaining about? The general public didn’t buy into his bullsh1t and the grid was set up with AC very rapidly. Tesla won and Edison was ultimately force out of his own company.
except when it comes to women,s right to choose
in that case Rafael Cruz govt will dictate over women,s body
Ragnar says:
February 12, 2016 at 4:35 pm
Good thing the free market rather than the government tends to make these decisions in the US.
Wasn’t complaining. Was pointing out the character of one of America’s most celebrated inventors.
Edison was as much of an inventor as Lori Greiner from Shark Tank is. She probably owns just as many patents as he did.
that’s not supported by anybody other that by Rands fundamentalists. there’s absolutely nobody else other than your cult who would say that. it gets published as a curiosity
rands adoration is deviant
Ragnar says:
February 12, 2016 at 9:29 am
Actually, Ayn Rand….. goal in life was to be an author, not a railroad magnate, and in that goal she spectacularly succeeded,
$2000 on a 1500 square ft house is affordable property taxes. What Michael posted is outrageous.
And why wouldn’t it be affordable? We don’t have a high income tax? You don’t have to pay a tax on your cars in your driveway like a lot of other states do. Yes, our property taxes are high, but you def don’t pay high taxes in most other areas like other states do. If that 1500sq ft home is in a nice town with a good school, how is 2000 a year not good? Even in an avg town/school, how is that a ripoff? 3000sqft house would be paying 4,000? I think you need to rethink this over.
If nj puts the estate tax and inheritance tax on par with other states, we def will be pretty close in the amount of taxes we pay as these other states.
D-FENS says:
February 12, 2016 at 6:53 pm
$2000 on a 1500 square ft house is affordable property taxes. What Michael posted is outrageous.
Elephant was a myth.
http://edison.rutgers.edu/topsy.htm
Agreed. Nice comparison.
Ben says:
February 12, 2016 at 6:44 pm
Wasn’t complaining. Was pointing out the character of one of America’s most celebrated inventors.
Edison was as much of an inventor as Lori Greiner from Shark Tank is. She probably owns just as many patents as he did.
81- I thought you were being snarky, didn’t realize you were being sincere in your post.
chipole-away. South Park is de best…
http://southpark.cc.com/clips/251865/billy-mays-here
Small town example. 100 homes at 2000 a pop gives you 200,000. In those 100 homes you have to account for at least 20 kids (at the minimum living there). So how the hell would this town run on the joke of a budget? You are going to pave roads, pay for a school, pay a teacher, pay for a couple cops, pay for a town hall, pay for an accountant to handle the budgets, and pay for garbage collection on that kind of budget? Not in jersey. NO WAY IN HELL.
So you can think so much of your taxes are wasted, but the reality is, it costs a lot of money to run things in jersey with how densely populated it is. Do you know how many big rig trucks use our roads due to our location? They destroy roads. You think other states are dealing with legions of big rigs transporting imports for most of the east coast on their roads? You need to be realistic, and my small breakdown of govt costs show you that 2000 dollars is a pipe dream based on the costs of nj.
Put it this way, it costs me 16,000 a year to send my two year old to school from monday through friday. In the example above, multiply that by 20 kids. It eats up almost the entire budget, oh no, need to raise taxes. No way in hell you can maintain the services on that 200,000 budget.
You would need 3200 from each household just to maintain educational services. Never mind anything else.
That’s based on 16,000 a student. What happens if you have special ed students? Need to hire a new teacher add a classroom. Puff, there goes your budget. 2,000 is a pipe dream in jersey. What happens if someone sues your town? How will you cover the costs for the lawyer to defend you?
And yes, there is a ton of waste in govt, but let’s not make it seem like eliminating all corruption will result in 50% lower property tax bills.
Jamie Dimon only had to wait a day for his big bet on JPMorgan Chase & Co. to pay off.
The bank’s shares jumped 8.3 percent in New York trading Friday — the most since November 2011 — after the chief executive officer spent $26.6 million for 500,000 shares. Dimon’s paper gain was about $2.2 million after the price surged to $57.49. He paid from $53.13 to $53.30 apiece on Thursday.
http://www.bloomberg.com/news/articles/2016-02-12/dimon-s-bold-jpmorgan-bet-makes-him-2-2-million-richer-in-a-day
Re:89 – one moment you decry the rich the next you cheer?
Retail Commerce (clot Edition):
A 17-year-old robber’s arm was severed in Brooklyn after he held up a 39-year-old man at gunpoint for a pair of pricey sneakers, police sources said.
Through the app Wallapop, the pair had arranged to meet up at 1 p.m. on Friday in Canarsie.
But when the seller showed up, asking $490 for a pair of A!r Jord^n 8 Retro sneakers, the teen crook pulled out a gun and demanded the kicks for free inside the older man’s car, police sources said.
The 39-year-old stepped on the gas peddle, but the gunman jumped out of his car at the intersection of East 86th Street and Avenue M, sources said.
Instead of speeding off, the seller turned his car around and drove after the teenager, crashing into him in front of a fence.
The robber’s arm was ripped off when he was pinned against the fence.
“I saw a kid under a car,” said Alex Saint Fleur, a bus driver who lives across the street.
“The guy ran him over. He got out, the driver said, ‘He’s trying to rob me. He’s trying to rob me.’”
“I saw the gun on the floor,” Fleur added. “The arm was on the floor near the gun.”
The teen got out from under the car, he said, and ran inside a city bus.
“Everyone is screaming, ‘Come back, come back, your arm. You’re bleeding too much,’” Fleur said.
The crook got out of the bus and started running down Avenue M, he said, before finally collapsing in the street.
The teen was taken to Brookdale Hospital, where he remains in serious but stable condition, law enforcement sources said.
The 39-year-old driver will likely be arrested, according to police sources.
On Friday afternoon, the bus was pulled over on 80th Street, blood spattered on its front entrance.
“I was walking up the sidewalk and I heard a boom behind me,” said a postal worker who declined to give her name. “I just kept it moving. I saw somebody run on the bus with a missing arm.”
“The 39-year-old driver will likely be arrested, according to police sources.”
Why? He perceived a threat and fear for his life.
How could he fear for his life when the criminal was unarmed? Wha wha! I’ll be here all night folks.
so good
Libturd says:
February 12, 2016 at 9:27 pm
How could he fear for his life when the criminal was unarmed? Wha wha! I’ll be here all night folks.
here is some video of nom in high school…..
Comrade Nom Deplume, back at sea level says:
February 12, 2016 at 12:19 pm
[27] sx No, if all my HS friends are to be believed I’M the Captain.
(Old HS nickname. Had nothing to do with sports either)
https://youtu.be/12tMVK42yQg?t=3m50s
97. epic
States rights is always code for taking away rights. –Bill Maher
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