From the Star Ledger:
Why a tech millionaire built his incubator in Newark
If Gerard Adams didn’t exist, Newark Mayor Ras Baraka might have to invent him.
Adams is a 31-year-old Belleville High School grad and Caldwell University dropout, whose father grew up in Newark and worked as a manager at Prudential. He made his name by cofounding EliteDaily.com, the self-described “Voice of Generation Y,” then selling it to the Daily Mail last year for $50 million.
Adams, who recently moved back to New Jersey from Manhattan, used part of the sales’ proceeds to launch Fownders, a tech incubator, training and mentorship center, cafe, and all-purpose gathering place for aspiring young entrepreneurs in his father’s home town.
Described on its website as a “Seed2Scale Accellerator,” Fownders opened last Spring at the base of a 20,000-square-foot building on Norfolk Street in Newark’s University Heights section.
The building, which has 17 market-rate apartments upstairs, was built by Adams and his longtime friend and collaborator, Pedro Gomes, a young real estate developer and Ironbound native. The two are already planning another building a block away with more apartments and additional Fownders space.
Adams, whose father is European-American and mother is of Colombian descent, is precisely the kind of private-sector ally Baraka looks to cultivate in his “Newark 3.0” campaign to transform Brick City into a technology mecca. Along those lines, Fownders is pushing the name “Silicon City” to place Newark among the established “Valley” and “Alley” tech centers in California and New York.
From HousingWire:
Questioning Ben Carson as HUD secretary? Here’s the silver lining for housing
Ben Carson as HUD secretary… I’m guessing it’s a title you didn’t expect to hear connected to the former GOP presidential candidate and retired neurosurgeon.
And although it sounds like an outlandish idea to most Americans, there’s a silver lining.
…
One thing I do know for sure is that Ben Carson brought housing to the forefront of the conversation, a change that is needed and often asked for.
In the run-up to the election, HousingWire continuously noted that presidential candidates never discussed housing despite the need for it.
This isn’t anything new though. Former HUD Secretary Henry Cisneros noted in an interview with HousingWire that housing is never a main topic during the election despite it being a universal good, meaning everybody needs to have a place to live.
Ben Carson holds the potential to change this.
Ben Carson recently became a household name given his rise to prominence in the run-up to the election.
Not to demean current HUD Secretary Julián Castro, but how many people outside of the housing bubble actually know who he is?
Castro currently has 137K followers on Twitter, compared to Carson, who has a whopping 2.43 million.
Before Carson accepted the position, rumors swirled about the possibility of Pam Patenaude, who currently serves as the president of the J. Ronald Terwilliger Foundation for Housing America’s Families, and Robert Woodson, who runs the Center for Neighborhood Enterprise in Washington, D.C., taking the position of potential HUD secretaries under Trump.
Both of them put Carson’s list of qualifications to shame, but unfortunately, if either of them were selected for the position, it’s likely that the news would barely make headlines then fade away.
Carson, on the other hand, captivated the media’s attention due his lack of experience in housing.
I will stress that being famous does not translate into great leadership, and more followers on social media is no way to select the future leader of HUD.
But what this does bring is a chance for people to start talking about housing in a way that hasn’t been done in a long time.
All of a sudden people have a lot of feelings about who sits at the helm of HUD. And since so little is known about Carson’s thoughts on housing, there’s a lot of unknowns going into this selection.
When we move in January I have to make some decision about our living room TV. It is a Philips 30″ HD Tube, bought in 2004. Weighs over a hundred pounds. The nice thing about it is you can actually watch Standard Def channels without being mortified with the picture quality, and the HD channels still look great.
Energy hog, uses 5x the power per hour of LED, probably even more compared to a TV that has auto-dimming. Not to mention you have to move the thing.
At $0.12 per kWh, 2 hours a day, the CRT would cost $30 more a year in electricity than a comparable sized LED. At 3hr and $0.15, it’s more than $50 a year.
You can get a 40″ LED for about $175 these days, the ROI isn’t awful. The ROI is great once you factor in what you’ll pay on rent for the square footage necessary for the TV stand, plus proportional share of moving costs. Say $2000 a month for 1,500 square feet, a stand for that 30″ would probably be 3’x18″ so lets say 4.5 square feet. At $1.33 a square foot per month, that’s an additional $71.82 for that CRT. Also, don’t forget that we’re getting to the point at which those things are a liability, and can’t be disposed of easily, or without paying an additional fee (this is already the case in NJ if you can’t transport your TV to a collection site). If you live in a place where they’ll still take it from the curb, take that money and run.
Also, your 2004 TV likely does not have an HD Tuner, they didn’t in 2004 (and they were very expensive, QAM didn’t become commonplace until about 2007/2008) – so you can’t receive free HD TV – which you would be crazy to not take advantage of if you live in an urban or semi-urban area. Doesn’t give you many options for cord-cutting, especially if your TV doesn’t have an HDMI input (probably has DVI and Component, meaning you can’t easily hook it up to a Roku, Apple TV, etc etc). Factor in paying for cable? No way.
We are ecstatic with Sling TV for $25 a month (we pay the extra $5 a month for the kids channels), and OTA HD for local channels. The amount we save in TV costs would pay for a new TV every year.
One of those stories that help me understand this country a little bit more.
http://jalopnik.com/teenage-idiots-used-to-drive-my-school-bus-as-a-kid-1789311983
Newark article mentions Pedro Gomes. I have had 2 transactions with Gomes and know other agents who have also sold him properties. Gomes doesn’t have an honest bone in his body. He wouldn’t know the truth if it bit him on the a**.
I was a school bus driver when I was 21-23 years old. Sure I smoked pot, sometimes on the bus, and dated some of the Wayne Valley HS girls I took to school (why wouldn’t I?) but one part of that article is BS. School buses are not top heavy, in fact they have a very low center of gravity for their size. I worked for a contract school bus company out of Paterson and we had contracts everywhere, our biggest and most important was Montclair. The rowdiest kids I ever drove were the Passaic County Vo-Tech kids but I could scare them into sh1tless silence with the first two turns down Preakness Avenue heading towards Paterson. All the buses back then were gasoline fueled and stick shifts, we had Internationals and GMCs. I drove most of our buses over time, but my regular bus, #24, was a 1972 International and it just happened to be the fastest bus of the fleet. When I did field trips to Turtle Back Zoo I think my record was passing 14 other school buses, accompanied by the cheers of all kids on board, up Northfield Avenue.
And the dirtiest talking girls, who could even make me blush – Mary Help of Christians Academy in North Haledon.
30 year care to name a honest developer? C’mon they all have this in their bones. The honest ones get taken.
This is exactly what my school bus looked like, but it didn’t have the optional cripple lifter like this bus does. https://www.youtube.com/watch?v=6f-uU03iq48
Grim: you are moving? Didn’t recently remodel your entire house?
Newark the next hot spot? How many millions did Gates and Zuckerberg just dump into the schools to zero effect? I’m going back to sleep.
Never mind grim. I saw my mistake.
Can Newark be the next hot spot
Remove certain elements and watch it thrive.
So, the democrats destroyed Bernie and are now using Jill.
Am I missing anything?
5:55 am grim – LOL. If I cared about saving electricity I would replace my 1979 Frost-free fridge which costs me about $500/year to power(times 14 years now), literally half of my electric bill. The problem with that relic is I can’t go even an inch deeper or wider without taking away from already less than stellar ingress/egress to our back door and the only fridge with the same dimensions is as low end as you can go. I should just remove or relocate the small cabinet above the current fridge (about 6 inches clearance) and get something euro sized, taller in a smaller footprint.
A brain.
Fast Eddie says:
November 29, 2016 at 9:34 am
So, the democrats destroyed Bernie and are now using Jill.
Am I missing anything?
Because in your simple world, fixes to long standing structural problems are always instant. Bet you think the jobs are coming back too.
Of course the reason tech invests in education isn’t to help students. It’s to turn them into profit centers.
Anon E. Moose, saying ‘Come back, JJ’ says:
November 29, 2016 at 9:01 am
Newark the next hot spot? How many millions did Gates and Zuckerberg just dump into the schools to zero effect? I’m going back to sleep.
Case-Shiller data out. NY metro house prices flat. NY metro condo prices set another record high. Change since 2016 peak: NY metro houses -16.4%, NY metro condos +14.8%.
Suburbs are dead. Prices stuck at 2004 level.
Christie making Press Announcement at 11:30
Ottoman,
Did you get a therapy puppy yet?
Ottoman,
Of course the reason tech invests in education isn’t to help students. It’s to turn them into profit centers.
Can you explain?
The suburbs aren’t dead. It will just take a while before all the poor people move there.
Footstool [10:18];
Of course the reason tech invests in education isn’t to help students. It’s to turn them into profit centers.
Glad you took time off from mourning for Castro to lecture us about profit. How are things in Venezuela lately?
If anyone ever wants to send me to Columbia, I’m going by boat.
Plane with Brazilian soccer team Chapecoense crashes in Colombia; 6 survive
The team was en route to a Copa Sudamericana final against Atletico Nacional of Medellin.
http://www.foxsports.com/soccer/story/plane-with-brazilian-soccer-team-crashes-in-colombia-112916
Gov Christie to head the U.S. Department of Transportation? He is more qualified to be the Secretary of Health and Human Services.
“Can you explain?”
Sure. Anyone rich besides George Soros is a greedy capitalist interested in nothing but their our personal gain. The only person whose charitable giving matters is George Soros. Did I mention George Soros?
Need electrical help/opinion from the esteemed board. Just purchased a new washing machine (laundry). This thing dims the lights in my house during the agitation cycle because the motor is constantly going off and on again.
Anyone else have this issue? Should i bring in an electrician? Maybe its on a busy/overloaded circuit? We have upgraded 200 amp service with a new breaker box. It’s a GE top loader GTW330ASK , not technically a high efficiency machine (we didnt want one of those!!). Replaced a Kenmore washer that was awesome and did not present this problem.
Watching morons who are so out of touch with reality suffer through a Trump presidency is definitely worth the pain of suffering through a Trump presidency.
I’ve heard no less than ten of my friends say, just wait until the Rust Belt realizes that Trump can’t get their jobs back. Yup, get ready for Pence in 2020. They simply don’t get it.
Something doesn’t sound right with that washer. What’s the model number. I’m curious what the amp draw is. Also, do all the lights in the house dim, or just the ones on the same circuit as the washer?
Here is a note from the Home Depot site on a similar GE washer.
http://reviews.homedepot.com/profiles/1999aa/q03bt5bjrcrceu69burpji9n5/profile.htm
Whoops. I see the model listed. Let me dig.
Hmmm…Elaine Chao Trans Secy..still waiting on Christie
Randal,
Most likely a loose neutral connection. Check from the socket back to the electric panel. Also, you don’t have the washer on a less than 15 amp capable extension cord I hope?
There’s a slight chance there’s a loose connection within the washer which would cause the brakes to activate after each motor cycle which would put heavier than normal draw on the motor. This happened to one owner of your particular washer…On the chance that someone else will run into this issue and find no help – here is one solution. I just replaced the drive coupling on the motor, following very clear instructions at partselect.com. When I got done and tried to runt the washer it would spin out ok but in agitate it seemed to pulsate and made the lights dim with each agitation. No help here or elsewhere online, 125VAC ok, no other circuits malfunction, dryer works fine, – not an electrical issue. What seemed to be is like it had brakes on so it was pulling down the motor for each agitate motion. Turns out that is exactly what it was. I got down and looked closer at the wiring coming out of the motor and they had gotten warm enough to make the electrical tape gooey. Then I noticed a 2-pole connector hanging loose. At first did not see the other half, then found it in the wiring bundle. It had somehow become disconnected when I took off the motor for the part replacement. Apparently the latch was not latched on the connector which holds the male and female halves. I am assuming that pair of wires go to the brake, so the brake was engaged all the time, pulling the motor down and dimming the lights (also heating the motor and the wires). Thankfully I caught it in time, TYJ!!! It works fine now, fixed with no more parts! PTL!!!
By the way, I bought one of those low water/high efficiency top loaders and have had no issues with it. Was probably close to the same price as yours. Less settings though. The larger the number of settings, the more likely the machine will break.
Christie live feed: http://philadelphia.cbslocal.com/2016/11/29/chris-christie-announcement/
Thx Juice thats a good find. I will make note of what she tried. We just got the washer yesterday and i’m at work so havent had chance to study what else shares the same circuit yet. It was intermittently dimming many lights on my first floor however (which i know for sure are on different circuits) which has me concerned that this wont be an easy fix. Something in the amp draw of the motor … Its stupid that its an intermittent setup!!
Let me know if u think of anything Stu. Appreciate u guys…
Thx Stu… I’ll try to take a look to see if there is anything obvious with the motor brake wiring but i somewhat doubt thats whats wrong as its brand new. I have it plugged directly into an outlet, no extension cord. Paid almost $500 delivered for the washer.
I’m mainly worried that the voltage/amp fluctuation may harm other appliances and electronics in the house.
Christie’s on.
re: Elaine Chao Elaine Chao Trans Secy
Cannot be Trump is a misogynist, racist etc (insert smear here)…
lol – he announced renovations to the N.J. Statehouse in Trenton
I gather he will be sticking around.
$300 million, 4 year renovation of the NJ state house with everyone moving off site during the project. All workers moved out by July.
Maybe some fed funding for the project? (wink, wink, nudge, nudge)
Newark the next hot spot? Yes it is possible! The neighborhood near Military Park, Rutgers, NJPAC, etc…is ideal for NYC commuters looking for less expensive alternative to Hoboken and Jersey City. Great mass transit, close to NJPAC, Newark Museum, Prudential Center and more. This is ground zero for the redevelopment of Newark. Neighborhood is as safe as it gets in NJ’s largest city.
Just like JC & Hoboken the minute the first child enters school they will buy a home in the burbs!
Just like JC & Hoboken the minute the first child enters school they will buy a home in the burbs!
I just got my revaluation letter yesterday. My house went up $75,000 in assessment but the tax rate lowered slightly. The net is an increase but not deadly. But, my house will be sold some day to one of those millenials leaving Hudson County.
One need only look at what’s happening in Harrison to know that it’s coming to Newark. Harrison is 4 floors of residential over retail everywhere you look. There won’t be a carcass of a factory or warehouse left within 5 years.
Can’t be safer than Ironbound, right? Back in the early 90’s I used to work at a business incubator in an NJIT or Rutgers building between MLK Blvd and Burnett Street. We had a padlocked parking lot on Burnett Street. If anyone left that lock open for more than an hour one of our cars would be instantly stolen, sometimes another stolen car would be left in its place. I drove a ’77 Camaro with a stick shift and a club on the steering wheel, nobody ever tried to take my car.
Newark the next hot spot? Yes it is possible! The neighborhood near Military Park, Rutgers, NJPAC, etc…is ideal for NYC commuters looking for less expensive alternative to Hoboken and Jersey City. Great mass transit, close to NJPAC, Newark Museum, Prudential Center and more. This is ground zero for the redevelopment of Newark. Neighborhood is as safe as it gets in NJ’s largest city.
Just like JC & Hoboken the minute the first child enters school they will buy a home in the burbs!
Gary…did you travel to Atlanta recently?
https://www.youtube.com/watch?v=6nrv4jLhDd8
Gov Christie to head the U.S. Department of Transportation?
This would be hilarious.
Speaking of The Club. My uncle who lived out in Merrick had his Mercedes stolen from his driveway when it was Clubbed. The thief had a sense of humor. He left the two ends of the Club, which he sawed in half, in the driveway before driving off. When my Uncle tried to get the insurance money that was supposed to come with the Club, they said he needed video proof to collect on it. Keep in mind, this was like the early 80s I think.
Most likely a loose neutral connection. Check from the socket back to the electric panel. Also, you don’t have the washer on a less than 15 amp capable extension cord I hope?
Washer and Gas Dryer should be on a dedicated 20 amp line, this is current code. Washer and Electric Dryer would be on two dedicated lines, one 20 amp for the Washer, and a 230v circuit for the dryer.
You may have flicker, possibly, but not dimming.
If it were me, I’d just run a dedicated 20 amp circuit from the box (if there’s room) with 12 gauge. I bet the current wire is 15 gauge.
14 gauge or worse. Sorry.
Somebody else waiting for wage inflation. She hasn’t seen any since she was 100. https://ca.news.yahoo.com/thriving-raw-eggs-worlds-oldest-person-marks-117th-134043804.html
Except they might not like what they see in the burbs. As the city problems etc are migrating to the burbs. By the time the millenials get to the burbs they may find they are more like the urban areas they left including the schools. And yes even in Bergen county. Just an observation and just saying.
Trump is right?
“illegals may have cast as many as 2.8 million votes in 2008 and 2010”
https://www.investors.com/politics/editorials/trump-is-right-millions-of-illegals-probably-did-vote-in-2016/
Steamturd,
Classic stuff! lol! He is an @ss, though.
@paulkrugman
So Comey and Putin installed a crazy, vindictive can’t-handle-the-truth person in the White House. Scary.
4:41 PM – 27 Nov 2016
No Paulie it’s you who can’t-handle-the-truth
http://theconcourse.deadspin.com/who-lost-the-white-house-1789443349
Can anyone recommend a housekeeper/service for a twice a month cleaning? Seems all the reco’s I am getting are booked solid or the online folks that want over $250 to clean a 3BR townhouse, which seems way to high to me. I paid $75 per visit for a twice a month cleaning of my 2BR/2BA apt in Hoboken, so the pricing seems out of whack for the sub-urbs. Thanks in advance.
Expat, this one’s for you!
https://www.youtube.com/watch?v=i6ikTqrST-Y
homeboken,
We pay $100 per visit and they come every two weeks. 2 documented workers come to clean our > 2,000 sq. foot home. They are great and reliable and have never broken/stolen anything. They supply the tools. We supply the cleaner/solvents.
Where are you now?
I’m in Morris Plains/Parsippany area
Too far for mine, but I think we pay the average going suburban rate. I pay them double for xmas gift.
Yes, I alluded to this on this blog before, but no discussion followed. When using housing price data for the northeast, does anyone account for the old housing stock? How much of a roll does used housing that hasn’t been updated in decades play in the price? Your example here is prime evidence. A lot of the condo’s are carrying “new” construction pricing. Is it any wonder why the data makes it seem like single housing is getting killed in our area, when in fact it’s not. They are getting top dollar for old housing stock, don’t let the data fool you.
Brazilian Butt Lift says:
November 29, 2016 at 10:21 am
Case-Shiller data out. NY metro house prices flat. NY metro condo prices set another record high. Change since 2016 peak: NY metro houses -16.4%, NY metro condos +14.8%.
Suburbs are dead. Prices stuck at 2004 level.
Case Shiller tracks repeat home sales, it does not track new construction. So, in essence, it is tracking ONLY old housing stock. It’s a paired sales index, so it requires TWO sales of a home to create the index (there is a separate report on the actual sales pair data every month). It also excludes pairs that are no longer applicable due to major renovation, etc.
The problem with the index for NY Metro is there is a methodological issue associated with geography.
The main index is Single Family Detached Homes – which means the index tracks the DONUT outside of NYC. There aren’t many single family detached homes in NYC proper. This is why the actual name of the index is NY Commuter (no other metro area gets this designation). It does not include condos, townhouses, or multi-family. In addition, it does not track for improvements in overall housing stock, eg – renovations, which may or may not play a big factor in the reported numbers.
The condo index, which is *NOT* a sub-index, does not have this donut issue, especially considering the amount of condo sales in NYC.
So while the condo index looks at the region more broadly, it’s absolutely heavily influenced by NYC condo activity, which is undoubtedly hot.
Bingo!
That’s the problem with a profit driven economic system based on competition. They only care about the profit and not the human beings. This is why every single investment is selfish. No one invests to actually help people, they invest to profit off of someone. Not helping anyone, but yourself. It’s the truth, and it’s why the richest civilization in the history of mankind has a problem with inequality and debt. Both driven by the almighty god known as profit.
“Of course the reason tech invests in education isn’t to help students. It’s to turn them into profit centers.”
Not any single family houses in NYC proper? You mean Manhattan? Because Staten Island, Brooklyn and Queens are chock full of them…..
SFH as a percentage of overall total housing units (including rental apartments)? Only Staten Island is material, with Queens coming in a far second, Brooklyn wouldn’t count.
Grim, thanks for the brealdown. Appreciate it.
Here are the tiered index numbers off the 2011 lows.
Low Tier – Under $294k – Up 15.1% since 2011
Mid Tier – $294k-469k – Up 12.8% since 2011
High Tier – Over $469k – Up 7.0% since 2011
Aggregate – All Prices – Up 8.7% since 2011
And as far as complaining about 2004 pricing – 2004 was already nuts bubble territory.
The rest of the country has only recovered to 2006 levels.
If you recall, we were a year or two behind the rest of the country with regards to the peak, the dip, and the trough.
Looking at pre-bubble Y2K pricing.
Low Tier – Under $294k – Up 87.8% since 2000
Mid Tier – $294k-469k – Up 75% since 2000
High Tier – Over $469k – Up 58.6% since 2000
Aggregate – All Prices – Up 68.3% since 2000
And for all the boomers lucky enough to have bought in during the mid 1990s – a big F*ck you.
Low Tier – Under $294k – Up 159.8% since 1993
Mid Tier – $294k-469k – Up 144.9% since 1993
High Tier – Over $469k – Up 130.3% since 1993
Aggregate – All Prices – Up 140% since 1993
These are already adjusted for inflation, by the way.
Are we back to pretending taxes away?
And for all the boomers lucky enough to have bought in during the mid 1990s – a big F*ck you.
Low Tier – Under $294k – Up 159.8% since 1993
Mid Tier – $294k-469k – Up 144.9% since 1993
High Tier – Over $469k – Up 130.3% since 1993
Aggregate – All Prices – Up 140% since 1993
These are already adjusted for inflation, by the way.
Ruh-roh. I hope I can sell in early Spring. We were hot, now we’re warm in my neck of the woods.
http://www.zillow.com/brighton-boston-ma/home-values/
Average property taxes in the United States (all states) doubled from 2000 to 2015.
Love it!
Essex says:
November 29, 2016 at 2:09 pm
Expat, this one’s for you!
https://www.youtube.com/watch?v=i6ikTqrST-Y
Ok, I assume you are looking at actual stats, Queens has 2.3 million people..and I spent 20 years visiting relatives weekly there..looked like a lot of houses……
And as the locusts from the northeast infest the rest of the country, tax and spend will go out of control there as well.
Just look at NC, we’ve almost taken over.
Most new construction is vastly inferior to older construction in both quality and aesthetics. By “older” I’m referring to Tudors, colonials, etc, and not the 1950-1970 crapboxes and split-levels with shag carpeting.
http://starcraftcustombuilders.com/Architectural.Styles.htm
Of course they did, but if we’re making no distinction between $6,000 going to $12,000 and $1,000 going to $2,000 we are nothing more than pathetic liars, right? (Just pretending it all away under the “homes have never been so affordable” balloon of frailty?)
Average property taxes in the United States (all states) doubled from 2000 to 2015.
Are we back to pretending that the costs of society will pay for themselves?
Are we back to pretending that your house is an investment that will cover the cost of living?
The Original NJ ExPat says:
November 29, 2016 at 4:07 pm
Are we back to pretending taxes away?
NYC proper has 3,400,094 housing units in 2015, per the NYC rent control board.
586,413 of these are classified as “conventional homes”, which I believe includes two-family homes and townhomes.
That’s 18% of the total NYC housing stock as “conventional”, even if you break this up into single family detached being 50% (probably overstated), you are talking about 9% of the total NYC housing stock. Realistically, probably closer to 25%, but I don’t have a number in front of me, which would be about 150k, which would be fewer than Bergen County alone.
Here’s what’s crazy and I don’t think people have latched onto yet: If you were a newly signed pro athlete with a huge contract you can’t just buy your Momma a house. You have to buy her a house AND provide her with a pretty high income so she will be allowed to live there.
Hey DumbPump: Keep paying every month for your white elephant. Pretty soon you will be rewarded with a kindergarten teacher who doesn’t care if your daughter drowns in the toilet because she will be too busy texting.
I’ll take my chances with the kindergarten teacher in my town as opposed to the teacher in NC whose compensation screams to “not give a f$ck.” What kind of job would you do for 30,000-40,000 a year? Oh wait, teachers don’t care about their compensation, it’s all about the kids, right? You pay for what you get. If the entire country took up this model to lower expenses at the expense of education, our country would be finished. You would not come close to producing the kind of talent needed to keep this country afloat, but hey….you have low taxes!! Better thank the northeast high priced education system. It has done wonders for this country.
The Original NJ ExPat says:
November 29, 2016 at 4:42 pm
Hey DumbPump: Keep paying every month for your white elephant. Pretty soon you will be rewarded with a kindergarten teacher who doesn’t care if your daughter drowns in the toilet because she will be too busy texting.
Just remember, younger versions of guys like me smoke pot, drive your kids around, and date the hot HS girls and go to their graduation parties. That’s what you get for your tax dollars. For some reason, the hottest girls used to live off Alps Road.
Lost,
Catholic school teachers basically make 30 to 40K offering superior education.
Drowns in the toilet… LOL!
Taxes were so much lower in my blue ribbony town in the past. And we had good schools as well. Main reason I moved there. And we had twice a week garbage pick up. And a surplus every year. Fast forward to now and we have some of the highest taxes in Bergen county . A huge amount of municipal debt. No surplus account. Twice a week garbage pick up only from end of May until end of August. And the schools are no better and in fact have declined in my opinion. But we do have lots of school psychologists, special Ed teachers, and social workers. Just saying.
DumbPump – once again, your math skills are deficient. You probably are not even familiar with the word “ratable”. Do you even know a of a HS that sends 25 kids to Harvard every year? My kids go to such a school. Here’s a hint. It’s not Wayne Valley and it’s not Wayne Hills.
If the entire country took up this model to lower expenses at the expense of education, our country would be finished. You would not come close to producing the kind of talent needed to keep this country afloat, but hey….you have low taxes!! Better thank the northeast high priced education system. It has done wonders for this country.
Fast: no disrespect but I know a couple of them two and not impressed. Did it for same reason some public school teachers teach too tough in the corporate world and no masters degree required in many instances.
I leave for three years and simply can’t keep up with the beefs and name changes.
Nj parents send many of their kids to out of state state schools as they turn their noses up at Rutgers or Montclair yet many of these states are supposed to have crappy primary education systems yet the overwhelming majority of the kids in those state schools are a product of that supposed crappy primary school system. I never understood that. When I would ask on occasion I would get the eyes blink.
https://www.youtube.com/watch?v=r8JGLg-PTk8
You know that’s not the norm. Most of them are not career teachers and your opinion is anecdotal, not fact.
Go ahead, implement paying teachers 30,000-40,000 here. See how fast your home value drops. You will finally get that 80-90% hair cut you always wanted from nj real estate.
Do you understand how much a safe town plays into the price of your home? Well guess what, you aren’t going to have a safe “rich” town in jersey without paying the high costs that come with paying cops to harass out of towners. The minute you lower the pay to 50,000 for these officers in those towns, the minute they stop giving a f$ck and the town goes to sh$t. There goes the home values due to the crime rate increase.
The same with education. Do you know how much nj schools increase our property values by consistently being at the top? Go ahead, start paying teachers 30-40,000 and watch the education system fall apart. Then watch your home value crash.
Nj is consistently at the top for places to raise a family due to a safe place where your kid can get an excellent education. Of course, you are going to pay higher taxes for it. But it’s priceless knowing if you hit 911, someone will be there within 2 min. Some things you can’t put a price on, safety and education are priceless.
Fast Eddie says:
November 29, 2016 at 5:00 pm
Lost,
Catholic school teachers basically make 30 to 40K offering superior education.
Go ahead,
implement paying teachers 30,000-40,000be a dope and buy a big house with high taxes on a busy street here. See how fast your home value drops. You will finally get that 80-90% hair cut you always wanted from nj real estate.Lots of crappy/iffy towns and the police are well paid there as well
Whoops, I forgot that you study “demographics” and “cycles” extensively. Mysteriously, none of the links to your exhaustive studies have appeared here? Pants on fire, perhaps?
Eddie — just saying something. Doesn’t make it true. Personally I think you are a blowhard incapable of reasoning your way out of a paper bag.
If we are at the top why is the state in such a fiscal mess? I know you and even grim do not believe n J is in decline. I just don’t see it. At least grim views his optimism with broader strokes rather than simply because he owns a house here.
4:16 i knew that you would…..
Municipal worker bene’s too rich…..too many municipal governments…..lots of redundancies need to be eliminated…..also, all of our big urban centers are sinkholes as opposed to generators of/magnets for economic activity…..
3b says:
November 29, 2016 at 5:30 pm
If we are at the top why is the state in such a fiscal mess?
Chgo agreed. Yet somehow none of that matters to some. It’s all just going to miraculously take care of itself.
Crappy/iffy is based on opinion. You might think Clifton is terrible, but to somebody coming from Paterson or Passaic; Clifton is nice. They think Clifton is rich. So know your bias. If Clifton didn’t pay its officers what they do, Clifton would be worse off than it is. Getting double teamed is not an easy fight.
3b says:
November 29, 2016 at 5:27 pm
Lots of crappy/iffy towns and the police are well paid there as well
Come on, are you really going to overthink this? We really do have a superior education system, it’s not a conspiracy.
And don’t underestimate the wealth effect. A lot of kids with money like to go to out-of-state schools for obvious reasons.
3b says:
November 29, 2016 at 5:22 pm
Nj parents send many of their kids to out of state state schools as they turn their noses up at Rutgers or Montclair yet many of these states are supposed to have crappy primary education systems yet the overwhelming majority of the kids in those state schools are a product of that supposed crappy primary school system. I never understood that. When I would ask on occasion I would get the eyes blink.
Two reasons.
1)Micromanagement. Some people want total control of their sq mile area and that my friend costs lots of money in a high cost state like nj.
2) The fiscal mess comes from nobody wanting to pay for it. So politicians, in their quest to maintain power and get re-elected, use a policy of self preservation in which they kick the can down the road. They don’t have the balls to ask for a tax raise to pay for the cost, so they get involved with lots of borrowing till one day they are in a financial mess.
3b says:
November 29, 2016 at 5:30 pm
If we are at the top why is the state in such a fiscal mess?
Some pretty funny stuff.
http://www.stateoffloridaliving.com/best-florida-school-districts/#tc-comment-title
Catholic school teachers basically make 30 to 40K offering superior education.
This is not true in New Jersey
3b – re:” why is the state in such a fiscal mess?”
Lots of bad decisions that squandered the wealth this state made from all three branches of NJ government going back to Governor Florio’s administration.
Bigger issue right now is the millennials. They are 110 million strong and when it becomes very clear they have not a chance to make it out of their parents basements because of no good jobs, and massive student debt, one has to wonder what could happen, especially household formation and housing.
They elected Trump too, expecting good jobs and it is going to be an interesting four years if the jobs do not materialize.
Without household formation all we have is a new normal.
Juice [13:41];
@paulkrugman
TDS is real.
How about Grand Master Tolling the left and the media today with his statement about flag-burning. Left goes apoplectic… until someone reminds them that in 2005 Hillary sponsored a bill in the Senate proposing 1 year in jail for burning a US flag…
http://twitchy.com/gregp-3534/2016/11/29/that-moment-when-the-msm-realizes-trump-just-took-a-position-advocated-by-hillary-clinton-in-2005/
TDS is real. And leftism is easily defeated by those who can remember things.
https://www.bloomberg.com/news/articles/2016-11-30/carrier-reaches-deal-with-trump-to-keep-about-1-000-u-s-jobs
Something nobody’s ever heard: “I’m moving to Passaic County…for the schools”
Hahahahahahahahahaha
7:58 it’s not true anywhere.
It’s not even about remembering. It’s their unique position where they think their sh1t don’t stink. It’s pure elitism and it’s why they lost so many seats. Their complete ignorance of this and continued efforts to ignore the plight of the disenfranchised (safety pins, protests, continued name calling) will only empower the racist rednecks further. It’s truly amazing how obstinate the left is. Years and years of coddling I suppose.
Moose – re: “And leftism is easily defeated by those who can remember things”
Krugman has a special place in my memory, the article below talked me out of making a housing decision that would still be haunting me to this day.
He used to write great stuff. But now? Well I believe the nerd drank allot of cool-aid, that happens when you get rich.
http://www.nytimes.com/2005/08/08/opinion/that-hissing-sound.html?_r=0
Exactly. 20 years ago Pumps would just accept that he is stupid and pipe down. Now he thinks he somehow can sit at the smart table and that his opinion is relevant and matters to someone other than himself.
Years and years of coddling I suppose.
Another thing on Krugman, it’s scary how much he is affected by TDS.
Krugman now writes down on paper that Trump golf courses and directing business to Trump hotels will be the only job of the POTUS.
I kid you not.
http://www.irishtimes.com/business/economy/paul-krugman-how-bad-can-it-get-under-trump-really-bad-1.2886347
Lost 6 13 p.m. what in the name of God was that drivel you posted? A rambling incoherent rambling pile of crap!!
Lost I put kids through this so called superior system. Honors/A/P/ SUPA. Blue ribbon blah blah. Not impressed. And wait until you find out what they don’t teach anymore!
Wow! I never knew that Krugman used to write cogent stuff. Thanks Juice!
Juice Box says:
November 29, 2016 at 9:13 pm
Moose – re: “And leftism is easily defeated by those who can remember things”
Krugman has a special place in my memory, the article below talked me out of making a housing decision that would still be haunting me to this day.
He used to write great stuff. But now? Well I believe the nerd drank allot of cool-aid, that happens when you get rich.
Juice: I actually think florio was better than all the sludge that came after him
.
Juice,
There is some meat in that story. There will be a boat load of public money funneled towards Trump Inc.
We had the discussion last week on the protection detail renting out Trump Towers and how that would be offset by Trump not taking a salary. Now it appears we are talking about a couple of floors, that’s a lot more than $400K pa.
I think we can set a marker on this. When is Trumps first trip to Dubai and will he stay at his golf clubs. Nothing like ringing the register!
Stu – I don’t believe that you think there is really a basket of deplorables. I think what you meant to say is that “Their complete ignorance of this and continued efforts to ignore the plight of the disenfranchised will only empower” those that are not self-loathing white bread globalists.
It’s not even about remembering. It’s their unique position where they think their sh1t don’t stink. It’s pure elitism and it’s why they lost so many seats. Their complete ignorance of this and continued efforts to ignore the plight of the disenfranchised (safety pins, protests, continued name calling) will only empower the racist rednecks further. It’s truly amazing how obstinate the left is. Years and years of coddling I suppose.
3b – re ” I actually think florio was better ”
Yeah maybe, but his dick move 24 years ago of assumed returns of 8.75% were the original sin, and he sinned for NJ for sure. Even me a kid at the time heard it on the radio at the time said WTF.
http://www.wsj.com/articles/taxpayers-more-pension-burdens-headed-your-way-1441388090the radi
There are a few points to be covered on Catholic schools. First is that the Tax exempt status drops the overhead big time. Add in that any real issue and the student/staff is gone!Next, you are not comparing Catholic Schools to other non public schools.
Private schools salaries are not 30K. Kick it up and Catholic HS salaries are not 30K. Then you have the likes of Delbarton and Stuart, no 30K there.
I am a big proponent of Catholic education, but you need to put all the information out there.
re “I am a big proponent of Catholic education”
I am not, been there done it no thanks….
And the big question yet again, is do we make it though confirmation?
Buy popcorn!
https://www.washingtonpost.com/business/economy/trump-to-name-financier-steve-mnuchin-to-treasurysources-say/2016/11/29/172e38ca-b10a-11e6-8616-52b15787add0_story.html?utm_term=.c2dc37812017
Incoherent? Wtf?
Guess I have to spell it out for you.
1. Micromanagement alludes to too many municiapalities. Redundant govt for the sake of total control …..aka micromanagement. And good look getting towns to give up that control of what happens within their borders.
2. Borrowing money to pay debts instead of raising taxes to pay debts. Raising taxes is the equivalent of suicide for a politician. So in the spirit of self preservation, instead of making the difficult choice of raising taxes to pay down the cost, they artificially keep costs down by borrowing into the future. Do this enough times, and the can can’t be kicked anymore and you have a fiscal crisis.
If you can’t understand this, I can’t help you. I guess if I blamed the pensions and govt workers, you would magically understand, and warmly embrace me. It’s all about the rhetoric with you.
3b says:
November 29, 2016 at 9:37 pm
Lost 6 13 p.m. what in the name of God was that drivel you posted? A rambling incoherent rambling pile of crap!!
Anecdotal evidence, but the Paul VI students in Clifton were probably the best behaved HS students I drove. The girls weren’t hot and available like the Wayne Valley girls, and they weren’t scary dirty talking like the Mary Help of Christians girls, but were pretty good all around.
Did your kids experience violent crime on a regular basis in their schools? They ever have to fear for their life? The bias is strong with you….you don’t even know how good you have it.
If your kids experienced the Florida school system, you might be claiming the world is ending based on your experience. Just saying….
3b says:
November 29, 2016 at 9:43 pm
Lost I put kids through this so called superior system. Honors/A/P/ SUPA. Blue ribbon blah blah. Not impressed. And wait until you find out what they don’t teach anymore!
Ford, Carrier,and he hasn’t even taken office yet. This is going to be a great 8 years.
Lost says:
November 29, 2016 at 8:51 pm
https://www.bloomberg.com/news/articles/2016-11-30/carrier-reaches-deal-with-trump-to-keep-about-1-000-u-s-jobs
Lost – Do you think your daughter’s bus stop will be on the dangerous side of your street?
Doesn’t matter if Trump creates a billion jobs unless they pay a living wage with health benefits
Bravo ! Votre blog est l’un des meilleurs que j’ai vu !