From the Star Ledger:
Christie keeping income tax agreement with Pennsylvania
Gov. Chris Christie announced Tuesday he will keep in place a decades-old agreement that allows New Jersey and Pennsylvania residents who work across state lines to pay income taxes where they live rather than where they work.
Christie had originally put the tax reciprocity agreement on the chopping block in September.
The governor credited finding $200 million in savings in a public worker union-backed health care bill that Christie signed into law on Monday. The legislation adjusts the process in which public workers receive their prescriptions by modifying the state’s pharmacy benefits system.
“This action will save state taxpayers hundreds of millions of dollars in health care benefit costs, and I’m proud my administration was again able to work with elected officials from both sides of the aisle and many labor union representatives to achieve these savings,” Christie said in a statement.
…
More than 120,000 New Jerseyans commute across the river, and a similar number of Pennsylvanians work here, according to the U.S. census.Under the 4-decade agreement, a resident of New Jersey who works in Pennsylvania need only file a tax return in New Jersey. The same is true for a Pennsylvania resident working in New Jersey.
As a result, New Jersey hasn’t collected income taxes from people living in Pennsylvania and working in New Jersey. Christie’s former treasurer had estimated the Garden State would reap $180 million in revenue from Pennsylvania residents forced to pay taxes here.
Oh yeah, by the way, there was this little bit from yesterday. From the WSJ:
U.S. Existing-Home Sales Highest Since February 2007
Homebuying activity rose in October for the second straight month to a new cyclical high despite rising prices and shrinking inventory, a sign housing demand remains buoyant as the year comes to a close.
October’s sales of previously owned homes rose 2.0% over the month to a seasonally adjusted annual rate of 5.60 million, the National Association of Realtors said Tuesday, the strongest pace since February 2007. Sales of previously owned homes in October were up 5.9% from a year earlier.
Economists surveyed by The Wall Street Journal had expected the sales rate to decline to 5.45 million in October.
Existing-home sales account for the vast majority of U.S. homebuying activity. After hitting an annual rate of 5.57 million in June, sales softened over most of the third quarter before picking up over the past two months. September’s sales pace was revised up slightly to 5.49 million.
…
At the latest sales pace, it would take 4.3 months to exhaust the supply of previously owned homes on the market, down from 4.8 months in October 2015. Housing inventory has fallen on a year-over-year basis for 17 straight months, NAR said.
Buy now or be priced out forever!
We move into our rental January 1st, can’t wait. I can’t believe I’ll be mowing a lawn for the first time in 40 years and operating a snow blower for the first time ever.
Has anybody been following this clusterf_ck?
http://www.bloomberg.com/news/articles/2016-11-22/five-times-to-the-moon-and-back-scale-of-india-s-junked-bills
As I understand it, it’s to destroy the black market economy in India.
I’m hearing stories that black market players are struggling with how to exchange their illicit cash. New players offering to help launder money for an absolutely massive cut. Also hearing it’s becoming difficult to just spend it instead, because it then becomes someone else’s money laundering problem.
What I don’t understand is how this doesn’t cause a massive deflation in the Indian economy. Or, maybe that’s the point.
They’ll learn, like all other black market economies around the world. This is why it pays to do business in the almighty Dollar.
No wonder, really, why so many Indians seem to love gold…
I think deflation is avoided because 96% (or some such ridiculous number) has no money so they have know skin in the game. I read an article a few days ago about a guy taking a cab and owed the equivalent of $3.20 but had no cash and the lines at ATMs were ridiculous. Instead he stopped at a grocery store and used his credit card to buy the cabbie a bag of rice. I think the bulk of their economy is now on barter or whatever currency they have that is less than 500 rupees. To add insult to injury the new notes ( I think new 500 and 2000 notes, no more 1000) are a different size so it’ll be months before ATMs can even distribute them.
What I don’t understand is how this doesn’t cause a massive deflation in the Indian economy. Or, maybe that’s the point.
no skin
Also there has been a run on gold in India, obviously. I think some were paying up to $2300 per ounce.
Special dispensation for weddings and crops:
https://www.theguardian.com/world/2016/nov/21/india-250000-rupee-withdrawals-wedding-cash-withdrawals
That and counterfeit notes from Pakistan.
As I understand it, it’s to destroy the black market economy in India.
What a f$ckong awful looking house. This is not modern, this is a travesty.
http://photos.nj.com/8001122/gallery/on_the_market_5_beds_in_essex_for_799k/index.html#/0
In Russia they only want the new bills, crisp and unfolded. I know someone whose father travels to Russia and he has to continually withdraw cash, redeposit the old bills, withdraw, redeposit, etc. until he has all the cash in acceptable new bills to give to his father.
Supposedly North Korea makes the highest quality counterfeit US bills that only the Treasury can detect and they won’t say how. There’s some talk that the US kind of allows this because it makes it easier to track their purchases.
They’ll learn, like all other black market economies around the world. This is why it pays to do business in the almighty Dollar.
There was approximately $1.48 trillion in circulation as of October 20, 2016, of which $1.43 trillion was in Federal Reserve notes.
Not too much in the grand scheme of things, right?
https://www.federalreserve.gov/faqs/currency_12773.htm
I don’t think they have a god damned clue how much is in circulation.
A million charts and data points but all of this is based on assumption. Assumptions not likely to hold true in the black market or outside the US.
I expect their estimates are wildly low.
Hold up – Jared Kushner is going to make peace in the Middle East?
I was in this one four years ago. It’s a wreck. They need to drop a “5” handle on this one and do some face to face marketing. It just needs a top to bottom overhaul.
http://www.njmls.com/listings/index.cfm?action=dsp.info&mlsnum=1626381&openhouse=true&dayssince=15&countysearch=false
Another Tandy and Allen wretch sponsored by the wretched Keller Williams cartel. They had the audacity to place an “8” handle on this double-wide and somehow think it’s a bargain with a “7” handle. Keep dropping the price and we’ll let you know when we stop laughing.
http://www.njmls.com/listings/index.cfm?action=dsp.info&mlsnum=1643073&openhouse=true&dayssince=15&countysearch=false
An architectural gem! (cough)
http://www.njmls.com/listings/index.cfm?action=dsp.info&mlsnum=1624250&openhouse=true&dayssince=15&countysearch=false
joyce – I think you’d be better off just staying indoors, rather than venturing out into the dangers of the police state.
I’d love to hear your explanation of how anything I’ve done or recommended doing while pulled over is disrespectful. I’m all ears. Once again, I’ll ask a “snarky” question, perhaps you’ll answer it this time – does showing respect mean blind obedience?
Wow, Christie is a piece of work. So now we are flush with cash? He basically took savings from the state workers and passed it directly to select residents from another state? Criminal. He is truly trying to create a huge revenue problem for the next governor.
And people think the United States has a corruption problem.
The Original NJ ExPat says:
November 23, 2016 at 5:57 am
Has anybody been following this clusterf_ck?
http://www.bloomberg.com/news/articles/2016-11-22/five-times-to-the-moon-and-back-scale-of-india-s-junked-bills
Christie has proven himself time and again to be a hack and not a leader.
The guy has done almost nothing as a governer. He’s made way too many deals and compromises to be viewed as anything but that. There’s no conviction in the guy except sheer ambition which puts him in the same group as many other sleezy politicians and lobbyists.
And since he was cashiered by Trump last week my guess is that he ends up as a lobbyist when he leaves office next year.
I like this:
https://www.youtube.com/watch?v=Z-IhRL8OwO4
Maybe some do, the minority. The rest just show their badge.
You are limiting your view to NY/NJ police. If they tried that out of these two states, it’s considered a sign of disrespect. Sure, that is the way it works a lot of times here though.
“These days, I have a family member gold card. I literally forgot to register my car because the registration was good for 6 years. Got pulled over a few months back. The cop just let me go and didn’t even bother running my plates.”
Respectfully, why were you surprised? I would understand your surprise if you DID get a ticket.
I didn’t say I was surprised.
Christie was touting his line item veto power with respect to reigning in the budget. He did absolutely nothing to combat the waste that occurs. And his “progress” on getting workers to pay for their healthcare did not lower your taxes at all. It freed up the capital to waste that money on something less productive like newly created administrative positions.
And Trump undermining a potential prosecution of the Clintons and their wanton criminality is EGREGIOUS. Those people deserve to be investigated and held to the same standard of law that the rest of us are.
My guess is there was a backroom deal brokered with Trump and the feds with some of his baggage being dismissed at the same time. Pathetic.
Sweeney’s district would have been hammered by the repudiation of the tax compact.
Grim was correct that both capitols would have collected but the move was unpopular. Especially among Trenton bureaucrats–lots of them live in Bucks.
Nwnj
I see that as evidence more of Trump’s naivety. I think he genuinely felt that it was the job of the president to be magnanimous in this situation, and that a prosecution would look vindictive. Some commenters likened it to a pardon, and is seen as necessary for the good of the country. In fact, had Trump threatened prosecution, it is possible that Obama would have pardoned her prospectively.
Gingrich, on the other hand, felt that it was not the president’s place to say that prosecution would not occur. Rather, it was Gingrich’s hope that Trump meant only that he would not pursue prosecution, but that he would not interfere in any future investigation either.
Ben
Yep, and the takeaway after electing a prosecutor and seeing absolutely no progress in cleaning up corruption is that it can’t be done in this state. It’s too deep rooted and the system is too broken. Been saying it for a while but the best thing an individual can do is plan ahead for tough times in NJ and try to limit their exposure within the state.
Trump doesn’t have to prosecute anyone, simply say that he’ll let the investigations take their course and turn any findings over to the AG. The tone that I got was of a preemptive pardon which is unacceptable.
I was with my wife and kids at the bureau of engraving and printing on Election Day to see the Benjamins in production……….in short…the place smelled like brand new money…..seriously….
The Original NJ ExPat says:
November 23, 2016 at 6:42 am
There was approximately $1.48 trillion in circulation as of October 20, 2016, of which $1.43 trillion was in Federal Reserve notes.
Not too much in the grand scheme of things, right?
https://www.federalreserve.gov/faqs/currency_12773.htm
That is it right there….
The Original NJ ExPat says:
November 23, 2016 at 8:38 am
I like this:
https://www.youtube.com/watch?v=Z-IhRL8OwO4
Worst taste in light fixtures ever too. Both inside and out. It’s like a mix of modern and Brady Bunch. Blech.
CC did two good things. He passed the somewhat leaky property tax cap and it has helped reign in local government spending immensely. He also got us off the hook for the overrun and financial boondoggle the rail tunnel would have been, though spending the funds on our roads was pretty douchy. His list of bad things is too long to post.
And Chi…I stand by my use of Chomping at the bit. Chomp came from champ. No one uses champ anymore, old sport.
I guess it was too tough of a question to answer. Why would I stay indoors… I’m not the one getting pulled over all the time.
The Original NJ ExPat says:
November 23, 2016 at 7:48 am
joyce – I think you’d be better off just staying indoors, rather than venturing out into the dangers of the police state.
Finally,
There’s a new drink at Starbucks.
Spiced Sweet Cream Nariño 70 Cold Brew
What the fcuk? I guess they didn’t see my pussification comments.
The cap is a joke. They aren’t even paying the pension bills. If they were, it would be obvious that the cap is worthless. He also eliminated the rebates at the time so the net up front increase was huge(way over 2%).
Once that up front increase is drawn down(it is now) with the loopholes in the cap it’s worthless. He used it to advance his own profile and that’s it.
http://www.nj.com/somerset/index.ssf/2016/11/teacher_suspended_for_emailing_nude_photos_denied.html#incart_river_mobileshort_home
In the charges filed June 25, 2014, against Ciripompa, the school district said that it found more than 100 emails with pictures of nude women on the teacher’s computer after a staff member emailed a link to a Twitter page with nude pictures of Ciripompa to a district administrator.
School officials determined that some of Ciripompa’s inappropriate emails, including nude pictures of himself, were sent by Ciripompa during work hours, a violation of district policies.
The school district had sought tenure charges against Ciripompa for both the use of the computer and inappropriate conduct toward female staff members.
But an arbitrator reduced the penalty to the suspension, finding that Ciripompa’s behavior toward the other staffers did not rise to termination level.
grim… nj.com link and article in moderation? That’s a first.
Steamturd
I rarely go to Starbucks now. Wawa has decent coffee, it’s cheaper, and the servers aren’t wearing diaper pins.
Jesus, I like Wawa coffee and Yuengling.
I’ve turned into a Pennsylvanian. If I start rooting for the Phillies, Sixers and Eagles, somebody please kill me.
Moose,
Buon Compleanno
re: “Trump undermining a potential prosecution of the Clintons”
Obama will pardon them if it appears there will be a prosecution.
If Trump really wanted to screw Clinton over cheaply and easily, and not appear to be the bad guy, this is what he should do:
Pardon her.
Think about it. With the stroke of a pen, he makes her the Democratic Nixon (actually, that’s Obama but you get the idea)
I know everyone here has heard my defense of the pension. Sadly, I’m getting to the point where I’m starting to lose hope that they can fix the problem. The zirp was the nail in the coffin, this is going to take a miracle to fix. I just feel really bad for the workers. Majority of these workers aren’t corrupt and do an honest job. Too bad they are going to suffer for the corruption of others.
I don’t know if I’m right, but it seems like the zirp basically bailed out the banks at the expense of the pension funds(so basically bailed out banks at the expense of all retirees, not just pension). Does this make sense?
And if they bailed out the banks, would they bail out these pensions/401ks/social security? Basically, the huge retirement problem that is coming straight towards us.
nwnj3 says:
November 23, 2016 at 9:44 am
The cap is a joke. They aren’t even paying the pension bills. If they were, it would be obvious that the cap is worthless. He also eliminated the rebates at the time so the net up front increase was huge(way over 2%).
How about Stuffed Cabbage, Perogies, Scrapple, and Summer(Lebanon) Bologna?
Jesus, I like Wawa coffee and Yuengling.
I’ve turned into a Pennsylvanian. If I start rooting for the Phillies, Sixers and Eagles, somebody please kill me.
this is going to take a miracle to fix
No it isn’t going to require a miracle, all they need to do is cut the budget.
So trump finally got what he always wanted. A no fly zone over his Palm Beach home Mar-a-Lago.
Temporary Flight Restrictions
Temporary flight restrictions for VIP Movement
Start: November 22nd 2016, 5:30 pm
End: November 27th 2016, 11:59 pm
“No it isn’t going to require a miracle, all they need to do is cut the budget.”
You are right. Going back to my position of not worrying about it.
On the leaky cap. My annual property taxes were halved since the leaky cap went into law. I am aware of the exceptions. They have rarely been used. Call it a gimmick if you must, but I like those types of gimmicks.
Cut the budget? You could halve it and the pension would be whole in 2023. Markets been cooking for a while now. It will pull back eventually. Figure pension could be made whole by halving the budget by 2025. Of course, I’ve never seen government shrink in my life. At best, they force early retirement by promising benefits that probably won’t be paid. The pension time bomb is about two years away. If it coincides with a recession, the progressives are going to see this Trump election as a field day.
Finally…Madloot is up 16.7% annualized this year. I wonder what the pension is up? I only buy stocks in US markets. Probably have made a total of 12 trades on the year. Anyone care to look up the current pension performance?
Tried to check, everyone involved in NJ pensions is on holiday in Tahiti.
I bet you the pension can be made whole with only modest give backs.
Gobble gobble everyone. Off to pick up my discounted spiral sliced smoked honey ham. Turkey is for losers. Even if it is free.
By the way, my brisket from the other day was and still is awesome. The ribs dried out a little. It was hard to maintain the 225 amid the 35 degree ambient temps and high winds. I’ve been eating the most delicious brisket sandwiches every day. Best $30 brisket ever! After feeding 7. Still had about two pounds left over. I did the Texas Crutch with apple juice for an hour to get past the stall and then recrisped the bark by putting the brisket over a 275 flame for 15 minutes on each side at the end. Final internal temp was 195. Delish.
The state will never get the give backs, though the teachers really should take them. I have a feeling if they don’t, they’ll end up with a ton less.
re: “Turkey is for losers”
Au contraire my turkey lasanga is to die for.
re: “modest givebacks”
ACA for all retirees.
Are you saying your property taxes are 50% lower? If yes, is this more a result of tax appeals or the cap?
Steamturd thinking about the remains of Hillary’s umbilical stump says:
November 23, 2016 at 11:26 am
On the leaky cap. My annual property taxes were halved since the leaky cap went into law. I am aware of the exceptions. They have rarely been used. Call it a gimmick if you must, but I like those types of gimmicks.
NJ state and local taxes combined are nearly 85 Billion a year. Money can be found for the pensions, you just need to look under a few rocks.
Year GDP-NJ Pop Total Revenue State and Local -total $ billion
2011 497.571 8.843 89.99
2012 518.423 8.875 77.44
2013 530.091 8.907 88.43
2014 545.374 8.939 88.86
2015 568.155 8.958 84.56
2016 587.251 8.977 85.20
2017 615.229 8.996 88.41
2018 642.565 9.016 91.09
2019 671.37 9.035 94.77
2020 700.795 9.054 99.24
2021 731.53 9.074 104.36
Joyce. Not 50% lower. Annual increases slowed by 50%. I used to pay about $1000 more each year. Then it slowed to between $400 and $500 increases. I pay my mortgage escrow increase in one lump sum every year so it’s easy to keep track.
Juice…so you are lobbing in state PLUS LOCAL taxes? Ha ha! The hole is probably over 100 billion when you factor in the health care liabilities. So let’s here what you are willing to cut.
Expat,
Let’s not go overboard. I’m not that far into the Keystone State.
I have to agree. My taxes in clifton and wayne have not jumped up much since the cap was put in place. My home in wayne went up $2000 in the 5 years that I owned the home. My clifton property went up about $1000 in 5 years. From 2000-2011, my clifton taxes went up significantly.
This is what I was talking about in the past. People moving for greener grass are going to bite it. Nj already had their run up in property taxes, they can’t push it up aggressively anymore because it’s already high.
These other areas are in for a fun ride with their property taxes. That dallas pension article posted yesterday tells you all you need to know. The Texas model doesn’t work long term, in which you cut taxes significantly in order to attract people and businesses. Eventually the influx of people and business drives up costs significantly, and good luck paying the cost with low taxes. If it was that easy to have low taxes with a large population, everyone would do it. These places will learn the hard way why heavily populated areas are not low tax zones.
Steamturd thinking about the remains of Hillary’s umbilical stump says:
November 23, 2016 at 11:26 am
On the leaky cap. My annual property taxes were halved since the leaky cap went into law. I am aware of the exceptions. They have rarely been used. Call it a gimmick if you must, but I like those types of gimmicks.
I’ll be immersed all weekend in the HHS rules under Sec. 1557 of ACA and in the PBGC regulations. Enjoy your turkey, families and football everyone.
Except for Otto. He’s going to be in a drum circle in Plymouth tomorrow. I hope it rains.
re: “The hole is probably over 100 billion”
The experts say $66.8 billion in unfunded retiree healthcare and $51 billion in unfunded Pension liabilities.
The solution is ACA for the retired and no cola, sprinkle in a few billion from the towns (Grim’s idea) and look under a few rocks for savings and problem solved.
We could also CAP all spending state and local, and use the projected increase in receipts to fund it that would be about 18 Billion over the next 4 years.
No raises for anybody on the teat.
Then again we are only next recession away from complete insolvency.
We are high taxed because we over spend including pensions. And corruption and 566 separate municipalities. As for Dallas go back and read how and why the pension matter became such a huge issue. Pay attention to moron politicians and lump sum withdrawals. Gobble gobble!!
We are high taxed because, we’re better….and smarter than most people….and we live a stone’s throw from New York….(cue ‘Lost’)….and we’ll always have jobs….and money….and the checks will always cash…..
We are high taxed for the children. Never forget the children.
The children… yeah.. the children…
And Menendez’ underaged Dominican hookers, them too.
I thought he got those hooking minors as a gift to a rich donor.
from, not to.
I don’t understand, if all white republicans are nazi by association, presumably his underage hookers (even if as a gift from a donor), would be by association paid for by our tax dollars, no? Or, you could argue they are children the just same.
Yes. Always remember the children.
Don’t believe me, look at the data.
High density areas are almost always taxed high. Why? The only places with high density and low taxes are the places that have blew up in the past 20-30 years. Jersey was there too at one point. What the hell do you think is going to happen in these places to pay for the cost of such an enormous population? Cut taxes? lmao Better yet, maintain low taxes with a huge growing population? You think the taxes can stay low with an enormous cost that comes from a huge population?
3b, you love to get at me, but you have no idea what you are talking about. Take away nj’s pensions, and guess what, still have the high cost. Don’t believe me? Nj hasn’t payed for the pension in 20 years. Been getting a free ride on the back of workers, esp with nj govt dipping into the fund to pay for other things. So how the hell can you blame pensions for our taxes? They have actually helped to lower taxes(not by much) by forcing workers to pay into this fund while they are dipping into it.
3b says:
November 23, 2016 at 1:17 pm
We are high taxed because we over spend including pensions. And corruption and 566 separate municipalities. As for Dallas go back and read how and why the pension matter became such a huge issue. Pay attention to moron politicians and lump sum withdrawals. Gobble gobble!!
If I take my daughter to daycare 5 days a week….it’s expensive, prob around 16,000 a year. So if someone has 3 kids, how do you expect them to pay 50,000 a year to educate their kids? So pretty much close to 800,000 dollars to pay for grades 1-12 plus the 3 years before they hit first grade. Who is going to educate their kids under these conditions? What will the impact be on society? Will we be better off with the money saved from no public school? Will you still be earning what you earn under these conditions? You are smart, think about the impact on your wallet and the society you live in. Education is the best possible way to spend tax dollars. You get so much for your money.
Steamturd thinking about the remains of Hillary’s umbilical stump says:
November 23, 2016 at 1:53 pm
Yes. Always remember the children.
Trump just appointed a woman to be Education Secretary, another woman to be UN Ambassador and a Black man to be Housing Secretary he definitely is a NAZI.
I get at night nobody. Someone posts something that is incoherent and silly whoever it might be I respond. My responses lately are directed at no one in particular.
Listen, I have no problem with you or anyone. Just be open minded and understand that I do bring something to this blog. You might not agree with it, but it’s nice to have different thought processes taking place instead of a circle jerk of people just agreeing with each other. That’s why I avoid going to blogs that think exactly like I do. How the hell do you expect me to grow in my thought process having discussions with people that agree with me? So call out my ideas, and show me how I’m wrong, just leave out the name calling.
3b says:
November 23, 2016 at 3:32 pm
I get at night nobody. Someone posts something that is incoherent and silly whoever it might be I respond. My responses lately are directed at no one in particular.
If someone wants to understand why things happen in government, a quick summary reading of the “Public Choice” school of thought might help them understand and research the topic more fruitfully.
https://en.wikipedia.org/wiki/Public_choice
This time I will respond to you. I have no problem with different points of view and in fact love a good back and forth intellectually stimulating conversation and perhaps learn something new or modify even change an opinion I hold. My problem with you is that you view all through the prism of you own a house. Others on here own real estate and it does not cloud their view. Secondly your arguments are for the most part incoherent. N J is in sad shape and has been and getting worse. You refuse to acknowledge that fact. Happy thanksgiving!
Listen, I have no problem with you or anyone. Just be open minded and understand that I do bring something to this blog.
Like lots and lots of scrolling?
That’s why I avoid going to blogs that think exactly like I do.
No such thing.
Still reading it, but tell me this quote doesn’t sum up this election.
“According to Caplan, democracy effectively subsidizes irrational beliefs. Anyone who derives utility from potentially irrational policies like protectionism can receive private benefits while imposing the costs of such beliefs on the general public. Were people to bear the full costs of their “irrational beliefs”, they would lobby for them optimally, taking into account both their instrumental consequences and their expressive appeal. Instead, democracy oversupplies policies based on irrational beliefs. Caplan defines rationality mainly in terms of mainstream price theory, pointing out that mainstream economists tend to oppose protectionism and government regulation more than the general population, and that more educated people are closer to economists on this score, even after controlling for confounding factors such as income, wealth or political affiliation. One criticism is that many economists do not share Caplan’s views on the nature of public choice. However, Caplan does have data to support his position. Economists have, in fact, often been frustrated by public opposition to economic reasoning.”
No One says:
November 23, 2016 at 4:10 pm
If someone wants to understand why things happen in government, a quick summary reading of the “Public Choice” school of thought might help them understand and research the topic more fruitfully.
https://en.wikipedia.org/wiki/Public_choice
Mr. Open Mind,
Answer this question: why did you return under a different name? why did you not admit it initially when called out on it?
Lost says:
November 23, 2016 at 3:58 pm
Listen, I have no problem with you or anyone. Just be open minded and understand that I do bring something to this blog. You might not agree with it, but it’s nice to have different thought processes taking place instead of a circle jerk of people just agreeing with each other. That’s why I avoid going to blogs that think exactly like I do. How the hell do you expect me to grow in my thought process having discussions with people that agree with me? So call out my ideas, and show me how I’m wrong, just leave out the name calling.
3b,
Yes, I still think nj will make it back to the top. For a small state, it packs a big punch economically. It’s going through a transition period where it has seen better days, but the location and educated population will attract new industries and nj will be back. Location, location, location!
Happy Thanksgiving!
Joyce,
Biases. Wanted people to view my words with a clear open mind.
Here’s where the Lost Pumpy got all his RE learnin’:
https://www.youtube.com/watch?v=CBIJwb37O_4
(Is it possible his mind has been open for so long that it all fell out?)
Last comment on this lost. N j has been in decline for at least 20 years in my opinion perhaps more. That decline is accelerating. There is nothing remotely on the horizon to suggest your view is realistic.
3b I agree with you….
Good thing you did, cause it took all but 14 seconds to figure it out.
Expat,
Pumpkin is famous you know, not just for his epic rants here.
https://youtu.be/r0HX4a5P8eE
Grim [6:31];
All the architectural grace of a K-mart.
7:11am – wouldn’t that be a trip…
Not underestimating the Kushner’s imfluence.
Joyce…if you really are a chick..,ur kind of savage.
“Bill Sornsin, as a good citizen who respects constitutional norms and good government, what you should be denouncing is the way the Republicans opposed Obama in matters small and large, relentlessly, as no other opposition party has ever done, over the last 8 years.. You should be denouncing the way they shut down the government. You should be denouncing the way they suppressed votes, targeting racial minorities, students and the elderly. You should be denouncing their refusal to exercise their constitutional Duty, trying to steal a supreme court seat for “their side.” When you have denounced all those things,, and after you have called for Trump to release his Tax Returns, make full Financial disclosure, operate with complete transparency, and refrain from advancing his personal business interests during the entire time that he is in office, then you can start complaining about opposition to Trump without being accused of hypocrisy. Maybe you’re not familiar with the 35 years of decline of governmental operations standards and ethical standards we have experienced up to this point , but if you studied this, you would understand that we are at a very serious point in the decay of minimum standards for the government that we all need to function honestly and effectively. This is not about keeping score. This is about making sure that we do not have elections based on racial hatred. This is about having confidence that people cannot take over the most powerful government in the world, and governing the largest economy in the world, based on fraud, lies , deceit and manipulation. This is about knowing that our Supreme Court decisions are made by justices who are legitimately in their seats. This is about ensuring that every citizen has a full and equal opportunity to vote under fair rules with no unfair impediments put in their way. And this is about knowing that our public officials have no conflicts of interest and act in the best interests of our country, rather than to enrich themselves. These are all fundamental principles of our government that are that have been either violated, or at serious risk of being violated, in the current situation.”
All the architectural grace of a K-mart.
This is what happens when an owner gets together with a builder.
Have a lot of respect for you. So would like to discuss this further to figure out why I see hope and you see none.
First, like 3b, you are older; you lived through one of the high periods in nj history(70’s to early 90’s). Does this impact your thought process, to always look back at nj with some romanticized view of what it was like during that time. Comparing current and future outlook of nj to a time when nj’s suburbs were shiny and new(like the southern it spots today). So now you look at nj as old and washed up, as that cycle/era has lived and is dying/dead.
What you don’t get, because your romanticism blinds you, is that nj has been through this before and will go through it again and again due to its location. Good times come, good times go, only to return again in some other form that adjust to the times and needs of the U.S. economy.
Do you know how many people wrote off jersey after the prosperity of the roaring twenties? It came back again. Roaring during the post WWII era. Then it was dying in the 60’s, people writing it off again, only to see the economy grow stronger than ever before based on the transition to the chemical and pharmaceutical industry. That boom lasted a long time, hence, it has taken longer to transition this time due to the amount of negative baggage created (the higher the boom, the bigger the problems after the crash).
As soon as we make it through eliminating this baggage, and we will (we already solved huge transportation problem staring us in the face, and that’s the first step towards moving to a new transition in our economy). This transportation focus will pump huge amounts of money into our economy in the form of investment. This investment will then improve transportation to the point where it attract new players that want to take advantage of the lucrative location of nj directly in the middle of the east coast, and directly in the middle of the biggest economic hub in our country(Boston to dc). And on top of that, directly next to our most powerful economic center NYC and most powerful port on the east coast.
You guys can romanticize about the past, or open your eyes and see the potential for what it is. Nj has the most valuable location in America, even during our bad times, the land has maintained its enormous value. Has not grown as much due to the bad times, but it has more than held its own in the face of the pain.
I would write off nj if real estate was crashing and there were no signs of hope. But the signs of hope are all around us. The entire Hudson cost has been slowly transitioning during this bad period, leading the way towards the next transition in the nj economy. You don’t think this will spread to places like Newark? I would put a bet that Newark in 10-15 years becomes one of the most valuable economic locations in our country. Based on the location of Newark and all that it offers to a business, combined with its cheap land (based on comparison of cost vs opportunity), there is no doubt Newark will become the leader of some new industry. I’ll take that bet any day of the week. Hell, I wish I had the capital to buy strategic pieces of Newark real estate.
Happy thanksgiving and look forward to your reply (if you do).
Raymond Reddington says:
November 23, 2016 at 9:01 pm
3b I agree with you….
Congratulations on your great site! Congratulations and good continuation!