Really interesting piece over at Jersey Digs:
In 2016, Downtown Jersey City Real Estate Proved The Better Bet Over Hoboken
When Pure Properties released their last quarterly market report in January, it was the first time that Downtown Jersey City median rental prices eclipsed those of Hoboken. Now, with the release of Pure’s Q1 2017 report, it appears the dynamic between the two areas continues to shift. This time, however, the shift comes on the sales side.
According to Pure’s Q1 2017 report, over the last quarter, the rental prices in the two areas have balanced back out, tying at $2,600. However, this most recent quarter saw Downtown median sale prices for 1-4 family homes outrank Hoboken for the first time since 1996 when MLS data launched.
…
Similarly, on the condo side, Jersey City continues to outpace Hoboken. Around the middle of 2016, Downtown condo prices surpassed Hoboken and have since only continued to break away. This strengthening is also the result of strong gains in Downtown while Hoboken’s were more modest. Year-over-year Downtown condo prices rose 12% to a median price of $735,000. In Hoboken, prices rose just 3% to $685,000.
From NJ101.5:
Retiring in New Jersey? Good luck
New Jersey residents who are on their way to retirement, or are already enjoying their golden years, would be better off in 37 other states.
According to a recently released analysis from Bankrate, New Jersey is the 13th-worst state in which to retire. “The cost of living … is very high,” Bankrate data analyst Claes Bell said of New Jersey.
“High taxes in the state of New Jersey were another issue.”
New Jersey’s cost of living ranked fifth-worst among the 50 states. Only two states — Connecticut and New York — registered a higher tax burden.
The study examined eight key factors — cost of living, healthcare quality, crime, cultural vitality, weather, taxes, senior citizens’ well-being, prevalence of other seniors — and gave more weight to certain categories based on a separate survey that asked Americans about their retirement priorities. Cost of living, healthcare quality and crime came out on top.
…
A silver lining in a more populated state such as New Jersey is the number of job opportunities for seniors, Kamen added. Returning to the workforce on a part-time basis, at a supermarket or department store, can help supplement one’s income.
“silver lining”
Arrest figures show Paterson drugs a regional problem
Want the easy fix to this? Paterson needs to have random roadblocks on all Rt 80 and 21 on-ramps from Paterson.
It takes about 2 seconds to look at a car and pick out the heroin addicts with nearly perfect accuracy.
I have no problem with this profiling. This is already what the Wayne cops do on Rt 23 and Hamburg Turnpike (aka the Heroin Highways).
Or just let the drug dealers move to Sussex and Ocean Counties.
Pumps – because every tax dollar is spent wisely, right?
Plea offer for Paterson Mayor Joey Torres would see him do 5 years in prison
Pretty much sums up a few people in here.
http://www.nydailynews.com/news/national/king-conservatives-hated-uppity-negro-golfing-president-article-1.3065230
Pumps no thanks on the offer to kiss your posterior. Not my thing. Like I said you are feckin dense. And as far as making all the money you claim to have made. I doubt it. People that have it don’t talk like that. Keep happily paying your taxes. Jersey is in desperate need of them.
Fab a little self righteous and arrogant on your part I would say.
“Really interesting piece over at Jersey Digs:”
What’s interesting is that there’s no mention whatsoever of the comparable size and number of bedrooms of the condos and single families in Hoboken vs Downtown JC that have sold– so how is this useful except as click bait. Common sense would suggest that JC condos were built with more square footage than those in Hoboken simply because of historic supply and demand. And there really is more developable land. We also don’t know if more people are snagging 2 bedrooms in JC and 1 beds in Hoboken. Also much more likely that row houses were split up over the years in Hoboken than JC. It’s been trendy for decades including during the last housing boom. Hamilton Park, not so much. So again, more of the larger single families in Hoboken may be gone.
From Sunday’s vaccine debate: “And BTW, death rate from measels is 0.3% in US. flu death rate is pretty much comparable.” The last measles death in the US was in 2015 – https://www.cdc.gov/measles/downloads/measlesdataandstatsslideset.pdf.
get yer data!
http://preview.usafacts.org
USAFacts was inspired by a conversation Steve Ballmer had with his wife. She wanted him to get more involved in philanthropic work. He thought it made sense to first find out what government does with the money it raises. Where does the money come from and where is it spent? Whom does it serve? And most importantly, what are the outcomes?
With his business background, Steve searched for solid, reliable, impartial numbers to tell the story… but eventually realized he wasn’t going to find them. He put together a small team of people – economists, writers, researchers – and got to work.
We soon discovered that dealing with something as big and complex as government – with its more than 90,000 jurisdictions and 23 million employees – required an organizing framework. What better place to look than the Constitution, and, more specifically, the preamble to the Constitution? It lays out four missions: “Establish justice, ensure domestic tranquility; provide for the common defense; promote the general welfare; and secure the blessings of liberty to ourselves and our posterity.” While we don’t make judgments about policy, we all agree on the broad purposes of government as laid out in the preamble to the Constitution.
“Establish justice, ensure domestic tranquility; provide for the common defense; promote the general welfare; and secure the blessings of liberty to ourselves and our posterity(and anyone else who happens to show up unannounced)”
Look at slide 9 in the measles deck.
“And BTW, death rate from measels is 0.3% in US. flu death rate is pretty much comparable.”
Maybe it’s touchy to highlight this, but measles and rubella kill babies – born and unborn, and causes major birth defects. Flu kills unhealthy elderly people. Not that elderly sick people don’t matter, but reducing birth defects and infant mortality really should warrant special consideration.
Blumpy would make a good prison b*tch.
“Ok, I know you just want the tip in but I would gladly accept 9 more inches for the good of prison community”
just got back from Aulani. it was too crowded.
what’s going on in here? is kettle1 running Ops in Berkeley
Pumps – here’s your future home buyers:
http://preview.usafacts.org/metrics/12892?metrics=%7B%220%22%3A%5Btrue%5D%7D
@tonyponansky
Food for thought
Winner of The Masters gets 1.98 million.
Taxpayers pay 3 million for each Trump golf trip, which he has taken 13 trips.
@ronhustleman
First 81 days in office:
Trump Golf trips 17
Obama Golf trips 0
Fiscal Conservative Outrage 0
Sure, easily explainable.
Obama held to a very high standard compared to Trump, it was called out because many expected him to do more, based on his campaign promises.
With Trump, if he can do less damage on the golf course, by all means keep him there, if we’re really lucky, the course will have shitty cell broadband too.
gropper in chief can golf all he wants but why are my taxes paying for it?
I’ve routinely said, time and time again here. Politicians and their family should receive no protection at all, none. No secret service, no armored cars, no bodyguards.
Any true environmentalist would never play golf…..Obama is a classic limousine liberal….that Daily News article that I saw yesterday is a tired script…..Obama is beyond reproach…..if you attack him, you are clearly racist…..
grim says:
April 18, 2017 at 8:55 am
Sure, easily explainable.
Obama held to a very high standard compared to Trump, it was called out because many expected him to do more, based on his campaign promises.
With Trump, if he can do less damage on the golf course, by all means keep him there, if we’re really lucky, the course will have shitty cell broadband too.
gropper in chief can golf all he wants but why are my taxes paying for it?
The same reason why you’re taxes pay for ‘Bama phones, health insurance, Fritos and a few other assorted items.
I sure do miss that Obama transparency.
you’re = your
I am sure the Obama’s are really really worried about their carbon footprint, and taxpayer footing the bill. Right now they are in French Polynesia with Springsteen, Oprah, and Tom Hanks living on Larry Ellison’s 460 ft yacht island hopping from Bora Bora to Tahiti etc.
http://www.cntraveler.com/story/the-obamas-are-in-french-polynesia-with-springsteen-oprah-and-tom-hanks
And you are paying for their security and staff, and yes they have staff you pay for.
The mega rich lefties are dissing the Clintons for sure, no yachts and private planes on their dime anymore. The best gig she can get now is a co-speaker role at Laguardia Community college.
‘many expected him to do more, based on his campaign promises’
I don’t recall the outrageous Obama promises that could compare to these:
— eliminate $19 trillion in debt in eight years
–repeal Obamacare
–30 day plan to defeat ISIS
–label China a currency manipulator
–Mexico paying for a border wall
What was there, Guantanamo?
What was there, Guantanamo?
$887,000,000,000 for shovel-ready jobs that weren’t so shovel-ready? The stimulus that didn’t stimulate? Solyndra? Unprecedented racial division? Arab Spring? Russian emergence? An irrelevant America joining a NWO? Obundoggle Care? I mean, I can go on forever.
Obama Derangement Syndrome was quickly followed by Trump Derangement Syndrome.
You could go on forever, but we were talking about campaign promises. I’d guess the shovel-ready jobs would qualify. Trump made the same promise btw.
Knock yourself out Gary.
http://tinyurl.com/p6zcpl7
“limousine liberal”
“tired script”
The hypocrisy of that post is astounding.
The simple truth is The Donald has yet to prove he is as good a golfer or a liar as Barry.
Fabius,
Improved America’s Reputation Around the World
LMAO! That’s the one where I had to stop because I couldn’t contain my laughter any longer. That “list” is like the “don’t do” list when creating a resume – one that gets tossed in the circular file at the reading of the first bullet point.
Improved relations with Middle East countries by appointing special envoys.
LMAO!!
This morning, I “successfully poured a cup of coffee without spilling a drop!” LOL!
Made a speech at a US mosque to demonstrate his commitment to religious rights and send a message to Muslims around the world.
Oh yeah, we know a “message” was sent.
Got Syria to dismantle its chemical weapons without military firing a single shot or dropping a single bomb.
Any questions?
Yes Gary, there are still many questions and may more tweets to come back to life!
http://uproxx.com/news/donald-trump-syria-tweets/2/
Sorry, the tax issue sets me off. I tend to get overly emotional when it comes to this (obviously). Maybe I should view this through your perspective, but I don’t.
From my perspective, most of the people that I know that complain about taxes are doing well for themselves. They are able to climb the ladder significantly under this current tax structure in this state, yet are complaining because they don’t get to keep it all. That’s pure greed. You are able to get significantly ahead under this tax climate, yet you are b!tching that you don’t get to keep it all. God forbid we support the communities we live and earn in.
And yes, some are going to give more than others for the simple fact that they make so much more. How is it fair to charge everyone the same tax when one family is making 50,000 a year working two jobs and another family is making 300,000 a year living off capital gains. That’s 6 times the money, I hope you are able to afford paying more. Even at 50% rate, you are taking home 150,000 compared to the family that doesn’t even earn that before taxes. Takes 3 years (without even paying taxes) to make how much that other family makes in one year after paying taxes at a 50% rate (and we all know they are not paying 50%).
Yes, I understand that corruption will always be at play with tax dollars, just like corruption is at play in every other aspect of society. But you can’t sit here and say your taxes are so high due to CORRUPTION. It’s at most 10% of the cost of your taxes. They are not this high due to corruption, they are this high due to the costs of providing these services. Donald costs the taxpayers 3 million every time he goes golfing, is that corruption? No it’s the cost of protecting the president. Do I like paying that….no. Do I think Donald should stop going golfing…..Yes. If he was serious about making America great again, he would stop wasting that much money on self indulgent trips to the golf course when he should be working on Presidential policies. Is it corruption…..no. Is it morally corrupt….yes. Just like it’s morally corrupt to be making 300 million on capital gains and barely pay any tax on it. And no it’s not double taxation. You are growing your capital and it should be rightfully taxed just like labor is. How can you make the people actually working hard for their money pay a higher tax than the individuals using capital to grow that wealth?
3b says:
April 18, 2017 at 7:52 am
Pumps no thanks on the offer to kiss your posterior. Not my thing. Like I said you are feckin dense. And as far as making all the money you claim to have made. I doubt it. People that have it don’t talk like that. Keep happily paying your taxes. Jersey is in desperate need of them.
What these two posts illustrate is that we have to do a better job with who we vote for. We have to put an end to the process of lying to get elected. You should not be able to run on promises you know damn well you can’t keep. I mean what is the purpose of the whole election process if it’s based on blatant lies. Trump was elected on promises that he is not keeping. He came off with the age old myth that businessmen can do it better than politicians. He’s sure as hell proving that.
I don’t want a businessman or politician as my leader. I want an honest individual that actually says what he does. One that actually cares about ALL the people in this society, not just the top. One that produces a well balanced system in which hard work pays off and helps you climb the ladder. Not one where campaign contributions and legions of lobbyists get you ahead.
Bagholder says:
April 18, 2017 at 9:48 am
‘many expected him to do more, based on his campaign promises’
I don’t recall the outrageous Obama promises that could compare to these:
— eliminate $19 trillion in debt in eight years
–repeal Obamacare
–30 day plan to defeat ISIS
–label China a currency manipulator
–Mexico paying for a border wall
What was there, Guantanamo?
Fast Eddie says:
April 18, 2017 at 10:05 am
What was there, Guantanamo?
$887,000,000,000 for shovel-ready jobs that weren’t so shovel-ready? The stimulus that didn’t stimulate? Solyndra? Unprecedented racial division? Arab Spring? Russian emergence? An irrelevant America joining a NWO? Obundoggle Care? I mean, I can go on forever.
A couple of things, now that the loony liberals are back.
First off. Why in the world would you go to a Disney property in Hawaii? This has to be one of the dumbest things I’ve ever heard. Hawaii is so overloaded with things to see and do that I personally would find the appearance of Mickey Mouse a bit disturbing. I’ve been to the Islands 3 times now and wasn’t even aware this place existed. Perhaps it opened in conjunction with Moana? What’s next? Fred Flinstone’s Volcano Park? I know Anon would probably timeshare there.
Second. When the unhinged left can do no better than complain about Trump’s golfing and vacation time, then you know Trump is starting to figure this gig out. His handle on Syria and Korea is refreshing to say the least. When you have the world’s most powerful military and foreign debt that more than doubles the next largest foreign debt total held by any country in the world, it’s refreshing to see the United States drop a MOAB and threaten those other loonies in North Korea.
Third. I see the left is still convinced the country that elected and reelected an African American President when the population is less than 14% black is by enlarge racist. This position should ensure Trump’s reelection in 2020. For a while there, I thought the left was starting to get it. Then the first female to ever lose a nomination, pretty much blamed the result of the election on everything but herself. Puzzy hats, pacifiers, pant suits, white dresses and continued protests and boycotts where people voted in favor of HER, plus more arguments about gender will do nothing to reverse the tide of lost seats. Until the left moves away from the great pussification plan, they will not gain any of what they have lost. Doesn’t the left realize how stupid and elitist of a strategy this is?
Did you guys see what Target blamed their halving of year over year revenue on? See how many shoes Ivanka managed to sell once the left bought it to the attention of the average consumer? Holy lost Batman!
Correction. First lady to win a major party nomination and lose the major election.
Washington DC is a city where over 92% of the population voted against Donald Trump.
The entire city hates his guts. It’s really no wonder he would rather be in Mar-A-Lago golfing.
https://www.washingtonpost.com/2016-election-results/washington-dc/?utm_term=.fdedebb7a972
Committed the US to no permanent military bases in Iraq.
Welcome, ISIS! Stay a while!
‘When the unhinged left can do no better than complain about Trump’s golfing and vacation time’
It’s amusing because it’s so blatant. It was a hugely important up until…..January?
‘I’m going to be working for you, I’m not going to have time to go play golf’
‘I would rarely leave the White House because there’s so much work to be done’
‘I would not be a president who took vacations. I would not be a president that takes time off.’
‘Can you believe that, with all of the problems and difficulties facing the U.S., President Obama spent the day playing golf’
PT Barnum would be impressed with the brashness of it all.
The left is angry because Trump is not afraid to fly over the target and one always catches flack when over the target. OTOH, you have the cuckling Obama who had neatly packaged phrases with translated into nothing but the next topic. His passions only emerged when it came to things dear to him, like a genderless society and blaming American men of European origin as the root cause of the world’s ills.
with = which
I hear Melania and son are moving to DC?
Bag.
Yes…Trump is a liar. That’s what developers do. That’s how they negotiate. Hilary was a liar too. The difference here is that Hilary was pretty much a lifetime politician unless you count her stint with Walmart. Politicians are supposed to be honest. Trump doesn’t care. I don’t give him a complete pass. But I am not surprised by anything that Trump does at this point. I was surprised when Hilary claimed that all of that Wall Street money, that she wouldn’t refuse to accept, would somehow not influence her. Now that is a lie worth investigating.
http://tinyurl.com/Trumperson
Trump is not a businessman, he is a con artist. Talks a good talk, knows what his audience wants to hear (even if it sounds batsh!t crazy like the birther movement), and goes to work making money off it.
A real businessman provides value. A real businessman improves the society for all. Con artists feed off the population selling them crap they don’t need. Not one of Trump’s businesses made society better, just fed off the general population.
Bagholder says:
April 18, 2017 at 12:04 pm
‘When the unhinged left can do no better than complain about Trump’s golfing and vacation time’
It’s amusing because it’s so blatant. It was a hugely important up until…..January?
‘I’m going to be working for you, I’m not going to have time to go play golf’
‘I would rarely leave the White House because there’s so much work to be done’
‘I would not be a president who took vacations. I would not be a president that takes time off.’
‘Can you believe that, with all of the problems and difficulties facing the U.S., President Obama spent the day playing golf’
PT Barnum would be impressed with the brashness of it all.
“Melania moving to the white house.”
Well there goes all of that flawed security math Grim.
Bill Clinton is moving to the White Castle.
And now that you can’t buy Clinton influence any longer…
http://thehill.com/homenews/news/327321-hillary-clinton-unlikely-to-return-to-family-foundation
‘Yes…Trump is a liar.’
Right, but how does that jibe with this:
‘Obama held to a very high standard compared to Trump, it was called out because many expected him to do more, based on his campaign promises.’
Trump literally promised to eliminate the national debt. I don’t think anyone–save perhaps Eddie–believes he will. Seems like Obama should’ve promised more and bigger–just crazy stuff like Mexico paying for a wall–so he’d have escaped the ‘very high standard’ expected of him.
Pumpkin, Trump is a businessman. He just realized his best asset and product was himself…..Anyone who isn’t impressed that this caricature of a man manged to get paid millions of dollars for the use of his name(Why I don’t know!) or that he convinced millions of people to elect him to the countries highest office is on something. You can’t argue those results, the act has worked well for him and he loves the attention. I’m still holding to my prediction that he gets nothing done, he won’t build a consensus and his personality cannot fit in the same room as congressmen or senators so I don’t see a lot of legislation passing.
Everyone knows Trump Steaks were no better than what you get at ShopRite. He pretty much built his empire taking advantage of weak commercial bankruptcy laws and suckering fools into his branded krap such as Trump Steaks or Trump University. He never had an issue being caught in a lie before, so why would he now? But in my opinion, the focus should be a lot less on Trump’s foibles and a lot more on the Hilary’s shortcomings. It’s one thing to say, I’ll show my taxes and then change his mind. It’s another thing to take 200 million from Goldman Sachs and then claim there won’t be any influence there. It’s another thing to claim the foundation was not a conflict of interest. It’s another thing to delete all of those emails. It’s another thing to have the DNC in your pocket. It’s yet another thing that the DNC behaved like a bunch of nursery school children. And it’s yet another thing that the DNC head, responsible for the deplorable behavior of the DNC after being fired, was made honorable head of HRC’s campaign. So you can keep trying to question how Trump got into the white house. But until you question why HRC didn’t, there will just be more Trumps to come. Go ahead and make fun of his wives, her shoes, his golfing and his cabinet. If you put up another HRC who could do no wrong in your eyes, when much of what she did was wrong…Well you get the idea by now I hope. Pumps could fill you in on the rest.
And as Trump drains the swamp, the DNC appoints another lifetime politician to run the sh1t show.
In other news, Zuckerberg still looks like he’s 15 years old.
I can’t believe Facebook is going to charge for streaming live murder, rapes and other violent crimes.
He is an amazing con artist, I’ll give him that. My definition of a businessman might differ from yours; a real businessman businessman profits on providing a value for the community, not from conning them out of money.
jcer says:
April 18, 2017 at 12:58 pm
Pumpkin, Trump is a businessman. He just realized his best asset and product was himself…..Anyone who isn’t impressed that this caricature of a man manged to get paid millions of dollars for the use of his name(Why I don’t know!) or that he convinced millions of people to elect him to the countries highest office is on something.
Stu, it was never about the bankruptcies that was a side effect of Trump. He over extended himself from the very beginning and used the same voodoo mind tricks he used on the American voters on the banks, in the 80’s Trump was extended more credit and greater leverage than other real estate titans. His money was made on blockbuster deals, he bought some tremendous assets(The Post Mansion, 30 Wall St, parcels of land in Manhattan) at very low prices and managed not to lose them in the bankruptcies(this let him clean up the balance sheet nicely). He also managed to license his name to real estate projects globally which became a nice reoccurring revenue stream, he later expanded this to literally anything, anyone would brand as Trump. He managed to sell the casinos to a greater fool. It has been a long time since he’s created anything as the name licenses and partnerships have been more lucrative, but there was a time when Trump built and the organization was far from the worst operator out there. He was not the smartest, nor the dumbest, he is certainly a pig but he is not stupid maybe crazy but not stupid.Yes we have Trump because Hillary was a troubled candidate and the DNC ignored their constituency by ceding the rust belt to Trump, the blame firmly falls on the Dems and Republicans for not fielding a decent candidate.
Pumpkin he isn’t even involved with these products bearing his name it is merely a license deal for use of the name and likeness. There is blatant disregard to the quality of the item, etc and he doesn’t care if the product is a scam, Trump just takes money for the use of his name. I personally wouldn’t buy anything Trump branded for that reason, it is likely a company paying for legitimacy to sell a poor product. One just needs to look at the competed projects to see that back in the day some real stuff was built. He is like any other billionaire, he’d send his mother to the glue factory if it improved his bottom line(you don’t get rich like that without be ruthless). Most successful businessmen are borderline sociopaths and are firmly what we would call bad people.
Pumps I have done well for myself and it had absolutely nothing to go to do with high taxes. That is a silly argument and I am being kind.
Bag: just to be clear…..Obama received a Nobel…..Trump is a scumbag and a windbag……to be clear, they are both pathetic garbage…the difference is only a matter of degree……I will side with a know liar who lies, versus the hubris of a man who hates the core principles of this country and its history….who uses race and politics when he was supposed to be “Change That You Can Believe In”…..that is the biggest political lie of my lifetime…..probably worse than “Read My Lips, No New Taxes”.
Bagholder says:
April 18, 2017 at 12:38 pm
‘Yes…Trump is a liar.’
Right, but how does that jibe with this:
‘Obama held to a very high standard compared to Trump, it was called out because many expected him to do more, based on his campaign promises.’
Trump literally promised to eliminate the national debt. I don’t think anyone–save perhaps Eddie–believes he will. Seems like Obama should’ve promised more and bigger–just crazy stuff like Mexico paying for a wall–so he’d have escaped the ‘very high standard’ expected of him.
‘versus the hubris of a man who hates the core principles of this country and its history’
Outside of the infowars/zerohedge types, I can’t imagine many people believe this. Seems like the derangement syndrome mentioned earlier.
Gluteous [07:22];
Your first post of the day is to waive the white flag of surrender! When a leftists plays the race card (where race is not already specifically the topic of discussion) it means they are out of ideas and arguments. (We knew that about you already.) When all else fails, you scream “Racist!” and pretend that you won the debate.
Jesse Owens. Now there’s a racist.
What did the black comp sci professor tell his white student when he couldn’t access the network? Check yo privileges.
I’ll be here all day. All racist day.
Boston Market: Get the Half-Chicken Individual Meal with two sides, cornbread, regular fountain drink, and a cookie for just $10.40.
Moose, even in here today we have O getting held to a higher standard. That has its own inherent bias.
What I see today is the same thing as 8 years ago in here. You’re giving Donny the same pass you gave W. “We know Donny is liar” is the same as “We know W’s an idiot”. Does not excuse their actions.
Shock news Stu, Hillary lost and O is gone, so her shortcomings are irrelevent.
Donny is out of his depth as president, but he doesn’t care. He just needs to keep this charade up long enough for the money grab. Because that’s all it is, its all about the Benjamin s.
He just needs to keep this charade up long enough for the money grab.
Unlike the Clinton Foundation, right?
“Shock news Stu, Hillary lost and O is gone, so her shortcomings are irrelevent.”
Keep thinking that way and you’ll be complaining about Pence into the next decade. Only a fool does not learn from their mistakes.
And of course, you do have the right to complain all you want about the orange one. As much as I have the right to point out that it will do about as much good as the right did to keep Obama from a second term.
As embarrassing as Trump has been in his lack of grace and professionalism. I still posit that he’ll do way better for more of America than HRC would have. Talk about a money grab. She couldn’t wait to get in there.
Remember Kannekt, the Jersey City housing blog? I just checked resales at a condo project in downtown Jersey City that was widely panned by the Kannekt bubblesitters when it was being marketed in 2006. Six resales in past year. Resale gains of 58%, 61%, 47%, 57%, 56%, and 45%. Values have pierced $900 per square foot.
So much wealth can be created in NJ housing if you are smart. These massive gains are tax free too.
You miss the point of my argument. High taxes does not produce wealth. Wealth produces high taxes. An area rich with wealth and opportunity will be laden with high taxes. So when idiotic hardcore conservatives rally around worshipping low tax areas, they mistaken the hypocrisy they spout. Low tax areas are not opportunistic areas to make money, if it was, manhatten would have been dead a long time ago. High tax/high wealth/high populations are where the money is!! Why people like you can’t understand this is beyond me, but I will let you think you are right and cheer for the day nj is a low tax state. When nj is a low tax state, its dead. It will be a sign of no more wealth. I doubt this will ever happen due to its location.
Just think about why these states go all out on low tax…..they are trying to attract people. The minute people start coming in droves and the density increases, they will be no different than California, Texas, NY, and NJ. Remember, all these locations at one time were low tax/cost. Texas was cheap as recently as 10 years ago, now its not much different than jersey in desirable locations. Why?
3b says:
April 18, 2017 at 1:53 pm
Pumps I have done well for myself and it had absolutely nothing to go to do with high taxes. That is a silly argument and I am being kind.
core principle – You can start and build a successful private business.
Obama – “If you’ve got a business — you didn’t build that. Somebody else made that happen.”
‘versus the hubris of a man who hates the core principles of this country and its history’
Outside of the infowars/zerohedge types, I can’t imagine many people believe this. Seems like the derangement syndrome mentioned earlier.
If you’ve got a business — you didn’t build that. Somebody else made that happen.
Glad that someone gets it. Instead the jersey bashers will focus on all the wrong locations to claim nj real estate is dead.
“So much wealth can be created in NJ housing if you are smart. These massive gains are tax free too.”
Expat, Trump is a terrible example of someone who built a business with no help. He’s the poster boy for being born on third base. If he would have just taken his father’s gift and put it in a index fund following the s&p, he would have so much more money. Instead he pissed how much of that money away? Lucky for him Uncle Sam provides welfare to the elite in the form of bankruptcy.
Yes, some businessman whoring his name out on junk and being kept afloat by Russian mob money. This is probably why he won’t release his tax records, it will show he is full of crap. Just a con artist selling you on something he is not.
“The Trump Organization was a hollow shell and Trump was bankrupt, but Donald Trump the public figure was a “successful businessman,” a screen behind which criminal activity could be carried out on a massive scale. Throwing his name at every scheme in existence wasn’t a strategy, it was a fire sale on Trump’s respectability. Steaks? Water? Vodka? Fake real estate school? You pony up the cash, and Trump will slap his name on it. Because by the early 2000s, Trump wasn’t just broke, he had nothing left to pawn. He wasn’t a successful businessman, but he still played one on TV. His image had more value than his real estate portfolio.
But the apartments and buildings where Trump held some degree of ownership could be turned into value again. All it took was partnering with foreign crime bosses looking for a place to stash their cash. To inflate the value of his portfolio, Trump had to do nothing other than look away as the dirty money poured in from one LLC to the next. Citizens in Russia, Kazakhstan, and other former Soviet states lost hundreds of millions, but Trump got a cut as looted funds flowed through offices and apartments in buildings that carried those critical gold letters.
Horton’s evaluation of this material in coordination with the declassified DNI report is that Trump actively worked with and for Russian interests.
What these exposes showed, is that Trump pursued the projects hand in glove with Russian mobsters who worked closely with Putin’s Kremlin …
But based on the information in the Financial Times report, it appears that there are actually two possible answers. Trump may have been actively involved with and working for Russian sources. He might also have simply played the role of useful idiot, displaying his readiness to feign ignorance about any deal … so long as it generated some funds to float his sinking boat.
In the end, there’s not a lot of difference in the outcome. Trump got money. Oligarchs cleaned their cash. Russia got their man.”
FlabMax’s new slogan
“I need my nuggets now!”
Pumps no one is bashing Jersey, Rather pointing out that the state is in decline. Huge fiscal problems unfunded pensions the loss of our telecom and pharma industry the decline of the surburban office park. The corruption the mismanagement the duplication of services the fact that with the exception of parts of jersey city every major city is a crap hole and yes the high property taxes all leading New Jersey on a downward spiral. In your fantasy world it means nothing. And you are wrong. Period.
Obama is an intelligent guy, but he was “out of his depth as president” and “didn’t care”………what is your point?
Fabius Maximus says:
April 18, 2017 at 3:12 pm
Donny is out of his depth as president, but he doesn’t care.
Huge fiscal problems are always solved. If that wasn’t the case, Det should not exist, but it does. Nj is not in a downward spiral. It was and is going through a major change, a transformative period. Place won’t ever die due to its location and dense population of wealthy educated individuals. Just remember, there will constantly be problems on the horizon and almost all will be solved……only to be followed by the creation of more problems. Disregard the noise and focus on what matters….location and opportunities. Nj does a hell of a job on both.
I concur with ChiFi on Obama, the difference is we all know Trump is a liar but he never got up and said ah shucks, I’m going to be transparent, honest, and accountable…..I’m different….hope and change…. All politicians are liars, some pretend to be above board and upstanding, it is usually those who are the most corrupt.
Pumpkin, you know nothing about Trump or the Trump organization. I don’t know as of recently but remember the bankruptcies well as my Father designed the Trump organization’s legal entity structure back in the 1980’s, Fred and Donald were clients of my dad, they used the bankruptcy to get rid of bad assets and as a tool in negotiating with creditors, in some sense it was opportunistic and probably unnecessary but it helped Trump get debt relief and provided some tax benefits. Trump is no genius, but he is good at making money, and he isn’t dumb. Operationally the Trump organization can execute well, Trump is not a bad operator but takes over-sized risks and is greedy. Compared to Charlie Kushner, Ivanka’s father-in-law he is the paragon of virtue…… Stories for another day.
Pumpkin, have you ever heard the tale of the goose that killed the golden egg…….NJ politicians are playing it out in real life. It is about regional competitiveness, people will live here, more and more will commute to NYC, taxes will pay for the deficit but it will come out of your house price, and the areas away from NYC and possibly Philly will be poor compared to today as companies migrate out of suburban office parks to cheaper locales. NJ and even NYC are beneficiaries of a good location, a great natural harbor, and historical development that led to a large population which creates the opportunity you speak of…the state has nothing to do with it. Being so close to Wall Street, everyone was doing their R&D in NJ, the movie industry was originally here, again due to being close to finance, Bell was here, great research was happening, a hundred years ago NJ was Hollywood and Silicon Valley in one. Today we have lost our edge, no one is doing anything in this state, we should see tech campuses in Jersey City and Newark, drug companies should be creating the next big drug here, etc. None of that is happening, we aren’t incentivizing the right things, and this locale isn’t attractive enough anymore, we’ve lost our edge. Getting the government in line and making it an easy place to do business with a stable tax situation would be a good start.
Jcer, you very well might be 100% correct. That’s why we need good leadership. I know everyone hates Murphy, but at least the guy gets it. He understands everything about Jersey in the same light as I do. I think he can put nj back on the map. Christie has done exactly shi! for this state, idea wise. Dumped crap load of money in bad moves in xandadu and ac. If Murphy was governor past 4 years, I guarantee we would be the talk of the nation. Christie had a chance to do something great, but blew it on personal aspirations to be President. Instead of worrying about national politics, he could have done much work in this state. Instead nothing got done in his second term. Just wasted precious time and money.
I’ll let you know when Murphy goes to prison.
Murphy’s another progressive hack? Plus, he’s another GS guy. We tried that with Corzine. I expect more of the same. Kids went to private school. He’s paying through the tooth for endorsements. This is Corzine the 2nd to the T. Enjoy the taxes.
He’s a 1 Percenter, But Phil Murphy Says He’ll Take on Wall Street (sound familiar?)
The former Goldman Sachs executive released his 2015 tax returns this week, showing he made almost $7.3 million. That’s more than 100 times the state’s median household income.
He is exactly what NJ doesn’t need. Let’s get some Polish guy from Clifton to run.
The first question he received was about what he would do to restore the integrity of New Jersey’s public pension system.
He prefaced his answer by saying there is “no easy answer” to that question, then quickly added: “The state has to stand up for its side of the bargain. Period. If the state doesn’t, there is no use having the second paragraph discussion.”
Dropkick New Jersey.
You are prob right about Murphy, but maybe give him a chance. He seems to be all about growing the economy. He actually has some good ideas, but whether he actually follows through is another question. I just feel like he seems down to earth, hard working, and intelligent. He looks like an individual that gets stuff done. Like you state though, how many times have we seen this type before. Corzine showed the exact same character. He was supposed to be different, a good guy, but we all know how that turned out.
What’s sad, Corzine probably had good intentions, but politics corrupted him. It’s like “The Wire” showed so perfectly with the mayor. He came in as a good guy with honorable intentions, but he saw that you can’t get anything done without wheeling and dealing, leading him to become exactly the thing he hated, what he got into politics to stop. Think this happens over and over again….good guys turned bad by the system. Great series!
“Mr. Corzine has also been generous with his money to schools in the East, and Mrs. Dorris said he had a strong instinct to do the right thing. Since her late husband had served four terms as Taylorville city clerk before he quit in disgust at all the politicking, Mrs. Dorris tried to warn her favorite nephew about what he was getting into.
”When he said he wanted to run I said, ‘Jon, politics is a dirty game.’ And he said, ‘I know, but we have to get some good guys in or we’ll only have scum.’ ””
http://www.nytimes.com/2000/04/09/nyregion/around-jon-corzine-s-roots-a-casual-indifference-to-ethnicity.html
Wow, this guy has some good ideas.
“County government is the single largest source of waste in this state. While most states have county government and minimal local municipal government, NJ has firmly entrenched home rule. Due to the disaster that is NJ’s cities, it would not be viable to abolish home rule. So the only choice is to eliminate county government. It is very difficult to find budget data on NJ’s counties as a whole, but just basing it on some of the larger counties it appears county budgets exceed $5 billion and may be as high as $10-12 billion.
The bureaucracy of the Dept. of Community Affairs alone to administer county budgets is mind-boggling. County budgets, to a large extent, continue to funnel money into the cities to plug budget gaps. Sort of analagous to Gov. Christie diverting $ from the Port Authority to fund NJ projects. Does anyone know what freeholders do? Does anyone know where that money goes? How efficiently it is spent?
Having had a smidge of exposure to local and county politics, it is shocking how many patronage jobs still exist. No particularized skills, great benefits, and even no-show jobs are still the way in many NJ counties. Untold millions being flushed down the toilet. Everything the county does could be re-directed to the state (absorbed by existing departments), the municipalities or privatized. Even if only 1/4 of current expenditures could be saved, that would be MORE THAN ENOUGH to fund the transportation fund or the pension shortfall. But you will NEVER hear such a proposal from any politician because the political machine is too powerful, entrenched and self-interested to do what is right instead of self-serving.
Similarly, rebate programs of any kind should be turned into tax credits, thereby eliminating the need for bureaucracy and infrastructure simply to return people their own money.
The Dept. of Education does really little else besides funnel monies to the Abbot districts. Shamefully, my very wealthy community is still an Abbot district. Given that the Dept. of Edu-ma-cation has no legitimate role and is a bureaucratic nightmare, it should be reduced by half. State income taxes that are diverted to redistribute income should be used for other purposes. That’s about $23 billion.
Since 330 of the 365 school districts are essentially self-financed and functioning, they should be left to their own devices on how to teach local children. $16 billion or so goes directly to Abbot districts so that should either be reduced by 25% or there should be some kind of merit system where the better performing Abbot districts receive more of the money and others less.
As a rule, the Trenton bureaucracy is too large, so state government should be trimmed by 10%, unless counties are disbanded and work legitimately funneled to the state.
The above, if enacted, could unlock tens of billions of dollars to be used more efficiently or to be put back in taxpayer pockets. Who will have the cojones to implement even one of these reforms? Sadly, no one.”
Pumps so Detroit exists so will nj. I am starting to think fast is correct. You are not real.
Gary, I’ll take the Clinton foundation over the Trump foundation any day.
Stu, Pence is a different discussion as in the incumbent VP, His 2020 run will be hard to stop, especially if he is elevated to POTUS. In the meantime I want to Trump and everyone who supported him held accountable ever step of the way.
I want to get to the bottom of the Russian allegations and I will bet there is a big chunk of change owed by 45.
In the meantime, its all about the Benjamins,
http://www.slate.com/blogs/the_slatest/2017/04/17/donald_trump_is_still_spending_campaign_cash_at_trump_businesses.html
ExPat I always prefer the full quote and not the cherry picked disingenuous hack.
“If you were successful, somebody along the line gave you some help. There was a great teacher somewhere in your life. Somebody helped to create this unbelievable American system that we have that allowed you to thrive. Somebody invested in roads and bridges. If you’ve got a business – you didn’t build that. Somebody else made that happen. The Internet didn’t get invented on its own. Government research created the Internet so that all the companies could make money off the Internet.
The point is, is that when we succeed, we succeed because of our individual initiative, but also because we do things together. There are some things, just like fighting fires, we don’t do on our own. I mean, imagine if everybody had their own fire service. That would be a hard way to organize fighting fires.”
You don’t need to tax the middle class by 30% to build roads, bridges, and infrastructure. You do need it however to build a ton of regulatory red tape and agencies and computers that analyze every transaction that you make and email you send.
Gluteus,
Here’s someone more to your liking
http://www.foxnews.com/us/2017/04/18/fresno-shooting-rampage-suspect-who-shot-dead-3-wanted-to-kill-as-many-people-as-possible-police-say.html
“3b says:
April 18, 2017 at 7:54 am
Fab a little self righteous and arrogant on your part I would say.”
You’re just seeing that now?
“Bagholder says:
April 18, 2017 at 12:38 pm
‘Yes…Trump is a liar.’
Right, but how does that jibe with this:
‘Obama held to a very high standard compared to Trump, it was called out because many expected him to do more, based on his campaign promises.’
Trump literally promised to eliminate the national debt. I don’t think anyone–save perhaps Eddie–believes he will. Seems like Obama should’ve promised more and bigger–just crazy stuff like Mexico paying for a wall–so he’d have escaped the ‘very high standard’ expected of him.”
Perhaps this quote attributed to Eisenhower, Kennedy, Jofnson, and probably others will explain it: “he may be a son of a b1tch but he’s our son of a b1tch”
In other words, we don’t care who he is. We care who he isn’t.
My point was that Det is alive and kicking and they were in much worse shape financially then nj will ever be. They lost almost half of their population, the revenue dried up. Moral of the story, never ever assume debt is the death of anyone. They will be bailed out one way or another. Seen it happen over and over in history. Ask Trump. Show me one individual or govt that became saddled with unpayable debt and had to pay it all back. Never seen it before and no such case in which the debt was paid in full. Life goes on and the sky never falls.
3b says:
April 18, 2017 at 7:59 pm
Pumps so Detroit exists so will nj. I am starting to think fast is correct. You are not real.
In other news, liberals vow to boycott Aeroflot. Which is sure to cause some nostalgic confusion.
https://heatst.com/culture-wars/fat-old-ugly-flight-attendants-lost-discrimination-case-against-russias-top-airline/
This is part of the problem with politics today. If the other team did what your guy did, you would be all over them, but since it’s your guy, you just look for ways to support him whether you agree or not.
“Perhaps this quote attributed to Eisenhower, Kennedy, Jofnson, and probably others will explain it: “he may be a son of a b1tch but he’s our son of a b1tch”
In other words, we don’t care who he is. We care who he isn’t.”
Just imagine if the roles were reversed. Imagine if Hillary Clinton spewed the exact same nonsense that trump spewed, would any Republicans support her? No, they would be going nuts claiming, “is this bi!ch serious…did she really just say that?” Same goes for the Democrats. For some reason, team politics state that when your candidate says something, you support them whether you agree with them or not, they are on your team.
Just remember, during the primaries, most “team” republicans hated trump. As soon as he won the primaries, all the hate turns to love since he is on our team. Cruz is all of a sudden accepting of trump. It’s sad, but this team politics crap needs to be destroyed for the sake of our society.
” It’s sad, but this team politics crap needs to be destroyed for the sake of our society.”
Good luck with that. Herd mentality has never successfully been broken. We all must conform.
Fabu [15:12];
its all about the Benjamins
I don’t see his O’ness giving up the $65 Mil for the THIRD autobiography by a 40-something community organizer back-bench Chicago machine politician pucked from obscurity with a record of rising upon the basis of having done nothing worthwhile (and continued that record as President).
Nor his wife the $300k/yr for a make-work job that was so important to its organization that they never replaced her when she left to join him in the White House.
Steamy,
Not herd, but tribal. Pick a tribe and survive. A man without a tribe had no friends to turn to when the inevitable attacks come.