When will the rest of Jersey follow?

From the Star Ledger:

The 19 hottest real estate markets in N.J. are surging

Time to separate the wheat from the chaff.

New Jersey’s real estate market has been fairly fractured since the Great Recession ended in 2009. A slow recovery has meant many are still waiting for their property values to recover, but that’s certainly not true across the board.

A handful of towns are seeing incredible demand and, combined with low inventories, prices have been skyrocketing in recent months.

The 19 towns below all, according to real estate tracking giant Zillow, have seen their median home values peak at the start of 2017. We used Zillow’s own Home Value Index for our analysis (methodology here) and excluded shore communities where there is a strong secondary home market.
Each of these towns stand a head and shoulders above New Jersey’s statewide price growth during the last year and some have seen home values soar to remarkable heights.

These towns are not only bucking the overall trend, but many have blown past the value they had prior to the recession.

A common thread? Trains

The most easily identifiable trend among NJ’s hottest towns is clear — access to transit. Each of the towns are within minutes of an NJ Transit station, which despite the transit service’s recent woes, remains a tremendous draw for prospective home buyers.

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108 Responses to When will the rest of Jersey follow?

  1. Mike says:

    Good Morning New Jersey

  2. No One says:

    No hot markets on the Raritan Valley Line.

  3. Grab them by the puzzy says:

    “You might think that an average property tax bill north of $20,000 would scare most off, but not here. Millburn is frequently in the argument for best school district in the state, which keeps prices ballooning in this Essex County town. ”

    no doubt that $20k is the best deal in town to provide world class education.

    if you don’t like it move to Oklahoma, bankrupt with no taxes and only 4 day school week. a win-win for NJ mouthbreathers

  4. Grab them by the puzzy says:

    huge demand in the highest property taxes areas

    funny, ain’t?

    Michael what you make of it

  5. Fast Eddie says:

    Every day the envy of the left rears it’s disfigured head. Resentment is not an investment strategy nor a key to success.

  6. D-FENS says:

    This is the past. Your future results may vary…

  7. The Great Pumpkin says:

    Oklahoma and Kansas are a case study in what happens when you lower taxes too much. The system eventually self implodes.

    When the hell will anyone wake up and realize there is no such thing as low taxes. States that have low taxes aren’t covering the costs. Low taxes equals huge debts because YOU ARE NOT PAYING FOR WHAT YOU ARE USING. So the idea that low taxes fuels economic growth is fine in theory, but absolutely wrong in reality. You need govt to invest in things that private sector won’t touch. You see, private sector only invests in guarantees, they would no never have taken their capital and invested in a risky proposition to create something like the internet. If the govt had not invested in the research and development of the internet, how far back would the world be economically? So you can thank capitalism all you want, but don’t forget to thank the U.S. govt for investing in research and technology to create a thing called the internet that has blown our economy up.

    “if you don’t like it move to Oklahoma, bankrupt with no taxes and only 4 day school week. a win-win for NJ mouthbreathers”

  8. The Great Pumpkin says:

    Fabulous! They are screwing their state economy up on the basis of not giving up on an economic ideology that has been proven wrong time and time again.

    “But as Kansas found out when it lowered the tax rate on pass-through businesses—to 0 percent, in the state’s case—this strategy can go very wrong, resulting in budget shortfalls and less economic growth than anticipated. As the White House and Congress begin to debate tax reform and how it could affect the country, they should pay close attention to the plains, where Kansas has suffered fiscal and economic setbacks.

    In 2012, lawmakers in the state were determined to lower income taxes, and they did so dramatically, without reforming the tax code in a way that could offset some of the revenue loss. As part of the same bill, they also fully exempted pass-through businesses from paying state income taxes. The state ended up seeing a revenue reduction of $3.7 billion over five years. For context, Kansas has a general revenue fund of about $6 billion annually.

    The result? In fiscal year 2018, Kansas is projected to have a $319 million budget deficit, and another gap of $531.5 million in 2019. Lawmakers have tried to compensate by raising the general sales and excise taxes, making itemized deductions less generous, and draining the state’s rainy-day fund and beginning balances. But revenue shortfalls persist, and the state has struggled to fund core public services. Some school districts have shortened the school year to save money. And the state has skipped annual pension payments, canceled many road maintenance projects and drained its rainy-day fund.”

    http://www.politico.com/magazine/story/2017/05/04/what-trump-can-learn-from-kansas-tax-troubles-215103

  9. The Great Pumpkin says:

    High taxes are scaring away millionaires in nj. Funny that some of the highest tax towns/cities in nj are among the HOTTEST NJ REAL ESTATE MARKETS. Guess that blows a hole in the theory that high property taxes (high taxes in general) are chasing away millionaires. If that’s the case, why is Montclair on fire? How about Ridgewood or Millburn? Enough with the bs that high taxes are chasing away the millionaires.

    “huge demand in the highest property taxes areas

    funny, ain’t?

    Michael what you make of it”

  10. The Great Pumpkin says:

    Anyone that thinks 30,000 a year property taxes is chasing away millionaires clearly is not rich or has never been. 30,000 is nothing to a millionaire, absolutely nothing. If you think going from a 30,000 property tax per year to 10,000 a year is going to entice a millionaire to move, you are crazy. They piss on 20,000 a year. Sure, let’s pick up and move our family to save 20,000 a year.

  11. jcer says:

    Pumpkin it is because of the desirability people are willing to pay the egregious taxes. I pay between 15-20k more than I think I should in property taxes but realistically in the area I could pay 10-15k less but have a worse commute or live in a place I don’t want to live, 15k is a lot of money but isn’t really significant considering income. Nothing chases away rich people, but if there is an alternative they will take it. It’s crazy but taxes on a nice middle class home in a lot of place in NJ are 15-20k, baring a few towns that have high home values and good commercial real estate ratables most towns in NJ have out of control taxes.

  12. The Original NJ ExPat says:

    schizophrenic pumpncantdump loving his high taxes again.

  13. jcer says:

    Also most of LI and Westchester have taxes every bit as egregious, so in this area there is no escape from the tax man.

  14. Anon E. Moose, Ghost of JJ says:

    ©unt [07:44];

    if you don’t like it move to Oklahoma, bankrupt with no taxes and only 4 day school week. a win-win for NJ mouthbreathers

    You’re describing exactly what has happened to Kalifornia — distilled leftism. As the left turned up the temperature over the last 30 years, the “normals”, particularly small business entrepreneurs, voted with their feet — they picked up and moved to states that were more accommodating for their lives and businesses. They took their jobs with them. If the inland farmers could take their land with them, the state would have starved. What they left behind were the loony left and the “clients” of their government services (i.e., the moochers), more highly distilled, concentrated leftists. With that voter make-up, more and more radical left wing ideas were passed. Lather, rinse, repeat.

    I’m glad to not have a ringside seat to the implosion.

  15. Ottoman says:

    the “clients” of their government services (i.e., the moochers),

    By “moochers” you must be referring to the red states which take in all the welfare money California sends to the federal government because its such an economic success.

  16. Anon E. Moose, Ghost of JJ says:

    Pun’kinhead [08:22];

    Anyone that thinks 30,000 a year property taxes is chasing away millionaires clearly is not rich or has never been. 30,000 is nothing to a millionaire, absolutely nothing.

    You obviously don’t know any wealthy people. The ones I know didn’t get wealthy by pissing away their money $20,000 at a time. They look to value, not price; and always consider alternative cases. If they are spending $20k extra on something, anything, you better believe it is because they made a conscious decision, that the expense brings something they value. When that value stops, so does the gravy train.

  17. Ottoman says:

    No One says:
    June 1, 2017 at 7:16 am
    No hot markets on the Raritan Valley Line.

    Only a matter of time before raritan valley direct access to Manhattan.

  18. Ottoman says:

    Trump has proven that many, if not most, wealthy people are lucky morons.

    You obviously don’t know any wealthy people. The ones I know didn’t get wealthy by pissing away their money $20,000 at a time. They look to value, not price; and always consider alternative cases. If they are spending $20k extra on something, anything, you better believe it is because they made a conscious decision, that the expense brings something they value. When that value stops, so does the gravy train.

  19. Anon E. Moose, Ghost of JJ says:

    Footstool [09:13];

    It’s not about transfers between the states; its about how much they give away to the bums who set up residence sleeping on benches up and down some of the most expensive beachfront real estate in the world.

  20. Anon E. Moose, Ghost of JJ says:

    Footstool [09:17];

    I love when a leftists talks about “prove” but can’t be bothered with trivialities like evidence beyond their own diseased prejudice.

  21. The Great Pumpkin says:

    They are driving up the price of real estate in the HIGHEST TAXED TOWNS IN NJ, so please tell me again why they haven’t moved to one of the lower taxed towns with lower home prices? Why are they paying the premium for short hills and montclairs of the world? Please explain because the data says you are full of sh!t.

    “You obviously don’t know any wealthy people. The ones I know didn’t get wealthy by pissing away their money $20,000 at a time. They look to value, not price; and always consider alternative cases. If they are spending $20k extra on something, anything, you better believe it is because they made a conscious decision, that the expense brings something they value. When that value stops, so does the gravy train.”

  22. Steamturd supporting the Canklephate says:

    “Only a matter of time before raritan valley direct access to Manhattan.”

    Heard that back in the 90s. Without a new tunnel, it ain’t happening. And a new tunnel won’t be completed in our lifetime. Why did the M&E and the Montclair-Boonton line get it? Because they go through Broad Street and not Newark Penn, which offers lots of transfer opportunities to City bound trains on the NEC.

  23. Steamturd supporting the Canklephate says:

    If you want a frame of reference for the timing of Midtown Direct service on the RVL, it took from 1929 until 2002 for the proposed change (only $63 million) to take place. And still, you don’t get one-seat access from points West of Montclair on the line.

  24. grim says:

    By “moochers” you must be referring to the red states which take in all the welfare money California sends to the federal government because its such an economic success.

    He’s right, you know.

  25. JJ fanboy says:

    Just cowboy up and move to Texas

    No state income tax
    Sales tax is 8.25 %. The state has a 6.25% rate and towns and counties can tack on up to an additional 2%.

    You will pay nj level property taxes. The mileage rate is higher but the values are lower.

    You can get a 3,500 square foot home for 400k in a Texas version of a blue ribbon town
    The taxes in that house would be 10-12k, just like the infamous pos capes are in in blue ribbon towns. But you will get a brand new house instead
    The tolls on highways are high. Makes the turnpike seem cheap

    Drawbacks are July and august are very hot
    And tornado season. Not pleasant to see a rotating cloud heading towards your home. But you can just hook up your house to your truck and drive off

  26. Steamturd supporting the Canklephate says:

    You could always live the Pura Vida and have little to complain about besides the terrible drivers. Of course, you could pay someone to drive you anywhere you want to go in a tank with what you’ll save. Best of all, the political climate is quite placid.

  27. 3b says:

    15 to 20k a year in taxes is becoming more and more the norm in many middle class Bergen co towns. We are not talking about millionaires. If the people in their 40s 50s are getting out because of high taxes how are the young millenials supposed to pay those taxes and child care and student loans? This is what pumps refuses to understand. It has to break at some point and I think it is. All the younger crowd that I know and work with are not or cannot afford to buy a house. These are people late 20s to mid to late 30s. And on top of this in many of these towns the rental garden apartments are becoming packed with immigrant families with kids pushing taxes even higher.

  28. abeiz says:

    I commuted to work by bicycle today, leaving the truck in the driveway. A sunny five miles from Fort Lee to Englewood Cliffs. I even stopped to take a picture of the lunacy going on down below from the GWB overpass right before the toll booths. N’thanks screw that.

    3b seems to have his finger on the pulse. I know of two cohorts; those who are living closer to the city, renting, and drawing on what the city has to offer, and those who bought in NJ had kids, couldn’t afford taxes&kids and either moved down south or consolidated with their parents.

  29. grim says:

    What would be an acceptable property tax? Shouldn’t we be discussing the marginal difference between what would be the typical norm and the current rate? Isn’t that what we’re talking about saving? Or the premium we are spending for the “luxury” of NJ?

    It’s not that you are paying $15,000 in property taxes, it’s that you are paying $7,500 above the $7,500 norm.

    So, if the $7,500 annual price of entry we’re talking about have benefits above and beyond the cost?

  30. grim says:

    Or is it just easier to live above your means in other states, which makes it so much more attractive?

    That you can buy a big McMansion and back up a container from China right to the 4 car garage and load it up with shit?

    I fail to see how we can simultaneously deride and applaud this behavior.

  31. The Great Pumpkin says:

    I just want to make it clear that I would love low taxes too. I’m just in the camp that understands you can only lower taxes to a point. You must be able to cover costs of society too.

    It comes down to what kind of society you want to live in. We live in a capitalist society where the winners are rewarded by taking it all. So capitalism by it’s very nature creates winners and losers. This is where taxes come in and the welfare state. What are you going to do for the losers in our economic system? Let them rot? Let them starve to death? Let the sick or injured just die in the street?

    Until we can figure out how these people can take care of themselves under capitalism, there will be a need for shared services in our society paid for mainly by the winner’s money in this game of capitalism for the simple fact that they are the one’s in possession of most of the capital in our economic system.

  32. Steamturd supporting the Canklephate says:

    My issue isn’t how large the taxes are. It’s how poorly they are spent. For example, the Montclair Public Library budget of $3.5 million. That’s $92 per person in town. How the fcuk does it cost the average family of four nearly $350 annually for the privilege of borrowing books? For that kind of money, you should be able to keep the books. And in the real world, printed books are going the way of the dinosaur. If I was mayor, the first thing I would do would be to replace the library with a digital version of it and give every resident in town a fcuking Chromebook.

  33. 3b says:

    Grim agreed I am not arguing property taxes I am arguing the amount that are paid in comparison to what’s received. When I moved to Bergen co taxes on my first house were 1600 bucks a year. Same house 12 000 a year. No increase in services in fact it’s gone the other way. A young couple back than could do it and on one salary . Not the case today. Out of control spending foolish home owners voting yes to every spending referendum in the mistaken belief their house would be worth more. And now we are where we are. I feel for the younger people. That’s all I am saying.

  34. grim says:

    Don’t get me started on Chromebooks.

    Wayne can’t afford Full Day kindergarten, but they can afford to give all the kids chromebooks?

    Yeah, that’s going to end well.

  35. The Great Pumpkin says:

    And that’s the bottom line. I know that’s why I’m in this high tax state….because the benefits outweigh the cost. I could never have achieved what I have in some low cost state. Great, I save 10,000 in property taxes, but at what cost to my economic foundation/future?

    “So, if the $7,500 annual price of entry we’re talking about have benefits above and beyond the cost?”

  36. Steamturd supporting the Canklephate says:

    We pay all of our minimally skilled cops and firemen nearly $100K a year (which probably works out to nearly 150K when you factor in the benefits) and have no money for the schools. Give me $400,000 per classroom (what it costs in Glen Ridge), and I’ll turn every one of your over-coddled bastards into an Einstein.

  37. Steamturd supporting the Canklephate says:

    If I ever ran for office, I would immediately hire about 20 commission-based residents whose pay would be based on the waste they found in our local operating budget. For every $1 they saved, they would get a tenth of a penny. They’d get rich and so would all of the local taxpayers. Remember folks. Utopia begins with “U.”

  38. Steamturd supporting the Canklephate says:

    $92 per person for the library? Doesn’t anyone see the insanity in this?

  39. Alex says:

    Exactly Steam,

    $400,000 per classroom in Glen Ridge and $400,000 per classroom in Montclair, yet the teacher and building upkeep receive just a small fraction of that $400,000, the rest is diverted to who know where?

  40. grim says:

    Easy to spend someone else’s money.

  41. jcer says:

    Pumpkin, the property taxes are a function of a broken state government and the democrats insistence on Abbott funding. Christie is an absolute boob but he is right on school funding, if the current aid is enough to provide a subsidy of nearly 7k per student, think about how that would reduce property taxes. Funding schools off property taxes is the problem, many tiny NNJ towns only have residential and lack of highway access prevents meaningful commercial development. Look at Ridgewood, not too many commercial ratables so they have high property taxes it has nothing to do with how the town government runs and everything to do with property mix, similarly Paramus, Florham Park, and Millburn have massive commercial properties that help lower the tax rate. If more of the property taxes went to the County who distributed is as school aid equally it would be more equitable. Most other states spend on average 12k per student to our 18k but even still they do not have property tax issues like we do because they have better distribution of state aid and larger towns so everyone gets a piece of commercial ratables.

    To me the solution that makes sense is to distribute state aid evenly, match that at the county level, so that 2/3 of the current student cost is covered by a wider tax base and make the towns responsible for the rest. Essex county would still suffer but the pain would be a little more spread out, Newark would have to tighten it’s belt to educate children at a lower cost.

    Newark totally funding education with State dollars is a joke too, lets see an Airport, a Port, Office buildings, distribution centers, etc all of these ratables yet they cannot pay for their own schools? Some working schlub in West Orange needs to pay 18k per year on a 500k house(I have a friend who pays it, literally house is worth 500k on a good day) because Newark is so horribly mismanaged.

  42. 3b says:

    Pumps you are a doofus. Your economic foundation blah blah you are exactly the clueless homeowner I am referring to higher taxes Eduardo better. As I have pontes out to you again and again there are millions of people throughout the country who have good received good educations have good schools have jobs and are living their lives without the out of control taxes New Jersey has. Yeah I feel proud when I walk through the dump of Hobken terminal every morning. Yep high tax New Jersey! Getting my money’s worth!

  43. 3b says:

    Jcer true but many towns are mismanaged and piss money away. For instance does the library need to be open on Saturdays?

  44. 3b says:

    Yeah great services! Today we started our twice a week garbage pick up good only through end of September. We had twice a week for years year round cans picked up from side of house and returned .

  45. jcer says:

    Steam don’t get me started on suburban cops. You can be a Newark cop for 40k a year, same in JC, and any number of bad places in NJ or you can get a 100k job in the suburbs for eating donuts. It has never made sense, to get a suburban police job you need connections. The truth is they could have an abundance of qualified candidates for police work in a suburban town offering a 50k starting salary, it’s a relatively low risk job. Combine departments(no reason for Millburn, Maplewood and South Orange to have their own police departments….same goes for Glen Ridge, Montclair, and Verona…same for Wyckoff, Franklin Lakes, and Oakland) reduce leadership staff and put cheap boots on the ground.

    There is some room to save but when we come right down to it the issue with Schools here is how they are funded. State and county should fund to the national average per student and then the towns can decide if they want to spend more on schools.

  46. jcer says:

    3b when you look at the budgets there is some of that mostly in towns with good rateables and liberal populations(Millburn, home of multi million dollar homes, the short hills mall, and a tax rate over 2%?). Your example of the library is a good one, yes it should be open on Saturday(if it still needs to exist…really an anachronistic concept at this point). 3b at least you get trash service I pay 40k per year in property taxes and have to pay for trash. My sister pays 20k in morris county and also has to pay for trash.

  47. Steamturd supporting the Canklephate says:

    I agree wholeheartedly. Will never change in NJ though.

  48. Grim says:

    I like Christies approach of paying the pensions by signing over assets instead of dollars.

  49. Grim says:

    Insidiously brilliant.

  50. grim says:

    Signing ownership of the NJ Lottery to the pension system is interesting, but wait until we start talking about giving the Turnpike and Parkway over to the pension system to make up the shortfalls.

  51. Steamturd supporting the Canklephate says:

    The tolls will immediately go from $1.50 to $15.00.

  52. grim says:

    Perhaps we can sign the libraries over to the pensions too.

  53. D-FENS says:

    I think the breakdown of federal spending is important. Yes there’s medicaid and federal grants…or farm subsidies. However how much of it is highway spending or Defense Spending…something we would expect of the federal government.

    https://www.usaspending.gov/Pages/default.aspx

    grim says:
    June 1, 2017 at 9:52 am
    By “moochers” you must be referring to the red states which take in all the welfare money California sends to the federal government because its such an economic success.

    He’s right, you know.

  54. The Great Pumpkin says:

    Think this is a really good idea.

    Also, agree with your cop assessment. That’s the govt job that is a golden ticket….suburban cop.

    “There is some room to save but when we come right down to it the issue with Schools here is how they are funded. State and county should fund to the national average per student and then the towns can decide if they want to spend more on schools.”

  55. The Great Pumpkin says:

    The bottom line, it’s hypocritical to have your hand out when you are screaming for smaller govt/lower taxes. Those states are the definition of hypocrites. If you stand by your morals, don’t take a dollar from the fed govt, but they have no problem taking other people’s money to lower their taxes.

    D-FENS says:
    June 1, 2017 at 11:56 am
    I think the breakdown of federal spending is important. Yes there’s medicaid and federal grants…or farm subsidies. However how much of it is highway spending or Defense Spending…something we would expect of the federal government.

  56. leftwing says:

    Re: pumps. I presume the irony of a resident of a State that suffered 11 credit downgrades to the second lowest nationally lecturing other states on fiscal matters is lost on him. https://www.youtube.com/watch?v=udfhBjR-FtA

    3b/others:
    People stay here because of job and family. If they are doing so, they of course seek out the best commute and schools.

    Residents with mobile high paying jobs (eg, non-Wall Street) can usually leave and significantly increase their quality of life outside of the State. If they don’t have strong family ties to NJ then any deterioration in commute or schools will drive them out.

    The ticking time bomb for these families and the high end suburbs is schools. Until applying for college one doesn’t appreciate how little it matters that one’s child is a suburban NJ white kid from a ‘blue ribbon’ district. It actually hurts an application to a top school, all other things being equal. Moreover, to the comment on garden apartment immigrants, having attended open houses recently over five weekends I thought I was at an airport in SE Asia.

    Overcrowding, an influx of lower than median students, and the college application ‘a-ha’ will tank some top districts even absent COAH buildouts and vouchers. When that happens, look out below.

  57. chicagofinance says:

    Well, I guess this is the last we will ever see Blue Ribbon Teacher posting here……

    MEDFORD – Fathers of teen-aged daughters are preparing to tar and feather a chemistry teacher at Lenape High School, accused of rigging a camera in his briefcase so he can film up the skirts of girls. The Burlington County prosecutor tells the unbelievable story of this teacher – heck, let’s identify him – 43-year-old Eric Howell, who is believed to have hid a camera in a coconut water box that he used to film the students, NJ.com reports. School officials became curious when Howell would get behind a female student and weirdly extend his arm sideways to land the perfect angle. Now the cops are going though Howell’s digital storage devices. One image of a student and, well, game over, pal.

  58. No One says:

    I would love to see a steamturd-run private or charter school.

  59. chicagofinance says:

    Not something I would associate with a posting of yours. I assume you are referring to an empirical observation, because such a philosophy would suggest smaller government and a reduction is subsidies for free riders. Clearly, not something to which you subscribe.

    Ottoman says:
    June 1, 2017 at 9:17 am
    Trump has proven that many, if not most, wealthy people are lucky morons.

    You obviously don’t know any wealthy people. The ones I know didn’t get wealthy by pissing away their money $20,000 at a time. They look to value, not price; and always consider alternative cases. If they are spending $20k extra on something, anything, you better believe it is because they made a conscious decision, that the expense brings something they value. When that value stops, so does the gravy train.

  60. chicagofinance says:

    In Colts Neck, there is maybe one or two teachers that clip $100,000……meanwhile, the administrators are knocking the cover off the ball……bear in mind, it probably makes sense to just close down administration and outsource it to Freehold, but that would be too efficient……. lather, rinse, repeat across the entire state for all municipal services, and you have a cause for this mess. Bear in mind, it is not the front line workers that are the problem…..administrators at all levels are overpaid and overstaffed.

    Steamturd supporting the Canklephate says:
    June 1, 2017 at 10:55 am
    We pay all of our minimally skilled cops and firemen nearly $100K a year (which probably works out to nearly 150K when you factor in the benefits) and have no money for the schools. Give me $400,000 per classroom (what it costs in Glen Ridge), and I’ll turn every one of your over-coddled bastards into an Einstein.

  61. Steamturd supporting the Canklephate says:

    “I would love to see a steamturd-run private or charter school.”

    I’m not sure how well I’d do, but I can promise you that there wouldn’t be any coconut water boxes allowed in my classroom.

  62. 3b says:

    Jecer I used the trash pick up as an example. Pumps says we pay for services that’s why taxes are so high. Yet we went from year round twice a week pick up to only twice a week in the summer months. Taxes up service down. As for the library on Saturday being open in my opinion a luxury and libraries are more like hangouts these days very little emphasis on books.

  63. 3b says:

    Left the schools in my town are blue ribbon blah blah and the garden apartments are packed with kids and the schools are over crowded again. Two additions in the last 15 years and crowded again! And they just approved a new rental complex to be built with around 70 apartments more than half two bedrooms.

  64. The Great Pumpkin says:

    We are the least dependent state on the federal govt(funny how nobody talks about that, just our high property taxes), maybe all those states digging in our pocket can help out with the bill? The irony of nj receiving credit downgrades as nj sends out how much to these other states? And we have the moral obligation of taking care of and providing a class A education to how many poverty stricken citizens of our federal govt? Why don’t they help us out for a change? The payments for “sandy” destruction were pathetic. Meanwhile, Louisiana rebuilt its’ state with funds provided by other states (katrina). Nj can’t even get the federal govt to pay for the new tunnels that provides over 10% of the economic activity in our country. Pathetic. They need to stop feeding off us and provide some help.

    “Re: pumps. I presume the irony of a resident of a State that suffered 11 credit downgrades to the second lowest nationally lecturing other states on fiscal matters is lost on him.”

  65. The Original NJ ExPat says:

    ding! ding! ding! ding! ding! We have a winner! 3b is exactly right. Pumps thinks that because cost of living is so high that employers will be forced to pay even higher wages in the land of the highest wages. Pumps is exactly wrong.

    15 to 20k a year in taxes is becoming more and more the norm in many middle class Bergen co towns. We are not talking about millionaires. If the people in their 40s 50s are getting out because of high taxes how are the young millenials supposed to pay those taxes and child care and student loans? This is what pumps refuses to understand. It has to break at some point and I think it is. All the younger crowd that I know and work with are not or cannot afford to buy a house. These are people late 20s to mid to late 30s. And on top of this in many of these towns the rental garden apartments are becoming packed with immigrant families with kids pushing taxes even higher.

  66. The Original NJ ExPat says:

    ^^^and condos are up so much more than SFHs why?

  67. The Great Pumpkin says:

    I wish you raised your family in South Carolina or Alabama, you would never regurgitate that crap you spew about education. You are the only individual I know that claims the entire national education system is on par in each and every state. Sure, there is no difference between your blue ribbon town and some town in Louisiana or Florida. Keep lying to yourself over and over again.

    3b says:
    June 1, 2017 at 1:12 pm
    Left the schools in my town are blue ribbon blah blah and the garden apartments are packed with kids and the schools are over crowded again. Two additions in the last 15 years and crowded again! And they just approved a new rental complex to be built with around 70 apartments more than half two bedrooms.

  68. The Original NJ ExPat says:

    Even pumps admits his child will be a lonely only because they can’t afford anything any siblings. She’ll spend her entire childhood just watching Mom text and Dad post here.

  69. The Original NJ ExPat says:

    Pumps – let me know if you buy and S&P 500 or MidCap 400 Utility stocks. I’ve bought and added to 14 of them over the last 60 days. I’ll know it’s time sell them all when you buy your first one. Oh that’s right, they cost more than a penny a share. Never mind.

    Hahahahahahahahaaha

  70. Blue Ribbon Teacher says:

    Don’t get me started on Chromebooks.

    Wayne can’t afford Full Day kindergarten, but they can afford to give all the kids chromebooks?

    Yeah, that’s going to end well.

    The public needs to get involved to stop this chromebook sh1t. The teachers have bitched and moaned about how they are useless and a waste of money and admin just doesn’t care. They just keep buying more and more and in the process, are removing all windows based computers from the school.

  71. The Great Pumpkin says:

    And if the cost of living is too high, it will drop if it is unsupported, but that flies right over your head. You think these costs can’t be supported, meanwhile this has been going on for decades.

    Based on your logic, why hasn’t NYC or SF died yet? Why hasn’t areas like Beverly Hills succumbed to the high cost of living? Why hasn’t South Beach died, it’s such a high cost of living area in a low cost state? How in the world does South Beach survive? Please explain Einstein?

    After you are done thinking about it, now apply this thought process to a small state called nj located directly in the center of the most powerful economic hub in our country. Now does the cost of living make sense to you or you just want to spit ignorance some more?

    The Original NJ ExPat says:
    June 1, 2017 at 1:20 pm
    ding! ding! ding! ding! ding! We have a winner! 3b is exactly right. Pumps thinks that because cost of living is so high that employers will be forced to pay even higher wages in the land of the highest wages. Pumps is exactly wrong.

  72. Blue Ribbon Teacher says:

    Well, I guess this is the last we will ever see Blue Ribbon Teacher posting here……

    I don’t own a briefcase

  73. Blue Ribbon Teacher says:

    administrators at all levels are overpaid and overstaffed.

    Bingo

  74. jcer says:

    NJExpat, that is exactly what is happening. Employees are demanding more money because they cannot afford the escalating costs with current wages. The employers response………………………relocation to cheaper areas. Most employers know that there is a good labor market here for qualified people but as much as possible they will try to fill the role in Dallas or Salt Lake or Charlotte before bringing it here. So the foot print for employers is shrinking and the jobs are vanishing for all but the exceptional employees. This area will become more and more like a third world country as upper middle class jobs disappear. Certain towns will command even greater premiums and others will turn to absolute ghettos, that is my view of our distopian future.

  75. The Great Pumpkin says:

    Wife is career oriented and a go getter, and that’s my fault? Not everyone is meant to have multiple children. If we can’t responsibly give the time that kid deserves, we won’t have one. Not going to have a kid just because the status quo says so.

    “Even pumps admits his child will be a lonely only because they can’t afford anything any siblings. She’ll spend her entire childhood just watching Mom text and Dad post here.”

  76. Steamturd supporting the Canklephate says:

    BRT,

    Why the Chromebook hatred? Nearly everything my 6th grade son does today is in Google Classroom. Personally, I use the cloud like crazy. And I’m not talking White Cloud except after White Castle. Seriously.

    By the way, as I traditionally signed and handed in what must be my 100th permission slip with the same emergency contact information I’ve been using since the kid was born, the thought that the school should provide a template for the teacher to use at the minimum, crossed my mind. Ideally, there should be a permission slip option in Skyward. Lord knows I’m in there enough already. What the heck gives when it comes to IT in the school system. It’s a complete joke. I bet most classrooms are still using film strips and overhead projectors.

  77. The Great Pumpkin says:

    The only thing you miss; these other locations are quickly becoming just like NJ. The desirable areas are becoming on par with nj cost of living.

    jcer says:
    June 1, 2017 at 1:33 pm
    NJExpat, that is exactly what is happening. Employees are demanding more money because they cannot afford the escalating costs with current wages. The employers response………………………relocation to cheaper areas. Most employers know that there is a good labor market here for qualified people but as much as possible they will try to fill the role in Dallas or Salt Lake or Charlotte before bringing it here. So the foot print for employers is shrinking and the jobs are vanishing for all but the exceptional employees. This area will become more and more like a third world country as upper middle class jobs disappear. Certain towns will command even greater premiums and others will turn to absolute ghettos, that is my view of our distopian future.

  78. leftwing says:

    “You are the only individual I know that claims the entire national education system is on par in each and every state. ”

    You’re a dunce. Neither 3b nor I said any such thing.

    Having just sent my oldest off to college I experienced over 20 campus visits and meetings with various levels of Deans of Admissions, all of the HS counselor interactions that come with it, and outside advisors such as very good friends who have been directly involved in the college acceptance process as careers. And I’m in round two now doing it all again with my second child.

    If you have any level of reading comprehension I can assure you this: Two similarly situated student applicants, one white (especially male) from blue ribbon NJ and another from a ‘less prosperous, further away, inferior’ public district and the other will be taken nearly every time. Deans, HS counselors, and others aren’t even bashful about telling you directly.

    Your blue ribbon HS offers 26 AP courses like mine? Your kid better take nearly exclusively AP/Honors classes. Know why? Because the ‘inferior’ school in East Bumfcuk which offers only six AP courses has a kid similar to yours taking all six. And that kid is scored higher in admissions than your blue ribbon kid based on ‘difficulty of available coursework’. College admissions tells you this to your face. And that is before any geographic diversity, ie, there are only so many NJ kids the top schools are taking, and there are a heck of a lot more NJ kids than kids from East Bumfcuk.

    I’ve said it before and it bears repeating: What is the purpose of your kid’s HS education? If that is the highest level of education he intends to obtain absolutely sign on to the blue ribbon NJ districts, makes total sense. If, however, the endpoint is to get him into the most difficult college suitable for him then you are at a disadvantage coming from blue ribbon NJ unless your kid is literally in the top 5, maybe 10 students (not percent) in his class.

    If you don’t believe me – and the Deans, counselors, and advisors with whom I have interacted – do the math yourself. Take the aggregate number of freshman slots at the top 20 colleges and start slicing the pie. International/domestic. Gender. Race/ethnicity. Geographic diversity. That remainder of the aggregate is the actual number of slots your kid is competing for. Then realize there are thousands of him in NJ. All looking alike, all competing for the same slot. Yet there are only a couple hundred kids competing for all the East Bumfcuk slots.

    Again, what is your endpoint of a HS education?

    Are you so insecure or intellectually incapable to be that label dependent (‘blue ribbon’) in your choices?

  79. The Original NJ ExPat says:

    By living on a highway and only having one child you are doing a great favor to the collective gene pool. Your daughter will hate her lonely childhood so much that she likely won’t reproduce. Thank you.

    Wife is career oriented and a go getter, and that’s my fault? Not everyone is meant to have multiple children. If we can’t responsibly give the time that kid deserves, we won’t have one. Not going to have a kid just because the status quo says so.

  80. The Original NJ ExPat says:

    What was that car with the fine Corinthian leather? Vornado?

  81. Steamturd supporting the Canklephate says:

    leftwing…you are absolutely correct about your assessment on how admissions work. I might add to it, in that if your kid attends a highly rated school and doesn’t finish in the top 5% (or higher), they are better off finishing with a > 3.75 GPA in on level classes than with a < 3.75 GPA in AP/Honors classes.

    We are going through this right now with our oldest son. He just barely made it into the advanced math track (entering 7th grade). Personally, I think he might have been better off acing the regular track math rather than potentially struggling with advanced math, but math is his strongest suit and we let it be his choice. Keep in mind, we are in the minority in Glen Ridge, having not sent our child to a single Kumon class or for any tutoring which seems to be the standard and he still has never received below straight A's. Though, a few times, it was close. Also keep in mind, we don't do any of his work for him (which is also disappointingly common these days). He's a hard worker and really wants to do well. But he's not the gifted and talented type. I did fine out of Montclair State. I truly believe it's not the school you attend, so much as it's the effort and confidence you display during your first few years of professional employment. It also helps to have a great personality (wink). We'll see.

  82. The Great Pumpkin says:

    (this is not meant as an attack, so don’t take it that way)Lefty, this paragraph says it all. Why do you think it is this way? There are reasons behind it. How many kids do you think even go to college from that inferior school district? Although it’s not fair, they are going to try and give the opportunity to that kid every time.

    “If you have any level of reading comprehension I can assure you this: Two similarly situated student applicants, one white (especially male) from blue ribbon NJ and another from a ‘less prosperous, further away, inferior’ public district and the other will be taken nearly every time. Deans, HS counselors, and others aren’t even bashful about telling you directly.”

  83. FixerUpper says:

    ‘Why the Chromebook hatred? Nearly everything my 6th grade son does today is in Google Classroom.’

    Yeah it doesn’t make any sense, especially when bemoaning the removal of Windows machines. Cheap, cloud-based, long battery life, etc.

  84. The Original NJ ExPat says:

    I just thought of something. Where exactly is the town center of Wayne, NJ? You know, that walkable place where you meet up with people, stop in the local Starbucks, etc.?

    Maybe Wayne is the driveable equivalent of a real good town?

    Hahahahahahhahaahha

  85. leftwing says:

    “Although it’s not fair, they are going to try and give the opportunity to that kid every time.”

    As my youngest would say, “no duh”. You’re proving my point that the best HS (NJ blue ribbon) does not equal the best college admittance resume, all other things being equal of course.

    As you are subtracting out all the (unavailable) seats for blue ribbon NJ in my exercise above to see your NJ kid’s real chances don’t forget the relatively minor items that deplete available inventory like legacies, athletic scholarships, etc. They add up.

    Lib, hear you. My second is not at the same level academically as the first and he is on a less intensive study track. Very much agree it is more important what you do with your opportunity.

  86. The Great Pumpkin says:

    Good illustration of our taxes through candy.

    Talking Taxes: What’s Your Fair Share? – http://www.wsj.com
    http://www.wsj.com/video/talking-taxes-whats-your-fair-share/D330A342-E16E-4AC4-BE93-7813BD9B5557.html

  87. The Great Pumpkin says:

    Lefty, I think you are missing the big picture here and only concentrating on one thing…college acceptance. You might not realize it, or refuse to acknowledge it, but your kid is who they are because of the people they grew up with in that classroom. Put it this way, your kid would prob not give a rat’s a$$ about college if he was in those lesser school systems you claim give an advantage. You didn’t have to push your kid to go to college. You didn’t have to complete your son’s college admission or beg him to fill it out. Your son had his radar set on these issues from what age? You are completely misunderstanding the mindset of 70% of the people out there.

    There is a reason they take the successful kids from the lesser district over your kid in the blue ribbon district, there is hardly any other college bound kids in that district. Meanwhile, almost every kid will go to college in your kids class. Pity me that they all don’t get to go to the college of their choice.

  88. Steamturd supporting the Canklephate says:

    Sadly, at the mediocre schools, all of those kids they took from the ghetto will most likely drop out at the end of the Fall semester.

  89. 3b says:

    Pumps listen you little wanker. I never said they were all the same. I said there are educated people all over this country who received good educations in their states public schools went to their state universities and are living successful lives in their states period. You are like the morons I know who blab on about the New Jersey schools than send their kid to university Delaware or Rhode island two states who supposedly are not know for their primary schools yet the majority of the students of those two universities are product of those schools. When you mention that they do the eye blink. And doo fuss I unlike you have put kids through the public school system . Are they good yes great no worth the extra tax money no. And they decline at the high school level. So don’t lecture me on schools until you actually have kids in the system.

  90. 3b says:

    Blue ribbon the parents want the laptops because of the perceived cachet of saying their school system has laptops. And pumps thinks it will make his house worth more.

  91. 3b says:

    At the per pupil cost if educating a student in my town you would think we should be cranking out kids going off to ivy league schools. Well we are not.

  92. Fast Eddie says:

    S&P 500, Nasdaq hit new closing highs

    Thank you, President Trump!

  93. Blue Ribbon Teacher says:

    All of your math and science teachers rely on crucial software that is all windows based. Doing menial tasks in 6th grade on a word processor doesn’t need windows. Doing anything other than that does.

    And excel is far superior to sheets. Moving over to chrome is turning back the clock 20 years on progress.

  94. Blue Ribbon Teacher says:

    Yeah it doesn’t make any sense, especially when bemoaning the removal of Windows machines. Cheap, cloud-based, long battery life, etc.

    Your cloudbased software is completely incapable of running any of the tens of thousands of dollars of equipment we rely on in the science lab. It also is pathetic at fitting anything other than a straight line.

  95. Pr0udL1beral says:

    Grasshopper Eddie, I hope you also thanked Obama for the gains under his leadership.
    http://money.cnn.com/2017/01/10/investing/obama-stock-market-trump/

    If you didn’t, can you explain your bias?

  96. Pr0udL1beral says:

    FYI F.. eddie, The Obama bull market: A 140% jump in the Dow

  97. Blue Ribbon Teacher says:

    Blue ribbon the parents want the laptops because of the perceived cachet of saying their school system has laptops. And pumps thinks it will make his house worth more.

    Actually, every one of my students says its stupid. They already have their own windows or mac laptop and want nothing to do with the chromebooks. If they remove the windows desktops from my classroom, I will purchase seven of my own with my own money for my classroom. I’ll make them last 10 years minimum.


    At the per pupil cost if educating a student in my town you would think we should be cranking out kids going off to ivy league schools. Well we are not.

    No public school, even the top ones in the state are cranking out ivy leaguers. Each college admits 1 or 2 at the most. It doesn’t matter how high achieving the kids in the district are. That’s not the fault of your town. That’s the fault of the admissions process.

  98. 3b says:

    Blue I understand that as for admittance. I am using it to illustrate a point in how blinded some are that the higher the school taxes the better the education.

  99. chicagofinance says:

    The Original NJ ExPat says:
    June 1, 2017 at 2:05 pm
    What was that car with the fine Corinthian leather? Vornado?
    https://www.youtube.com/watch?v=Vsg97bxuJnc

  100. chicagofinance says:

    I was joking……

    Blue Ribbon Teacher says:
    June 1, 2017 at 1:31 pm
    Well, I guess this is the last we will ever see Blue Ribbon Teacher posting here……

    I don’t own a briefcase

  101. Blue Ribbon Teacher says:

    I was joking……

    So was I.

  102. D-FENS says:

    @thelastrefuge2
    All those “short positions” on the U.S. economy are now essentially worthless. Hedgefunds/Derivatives crushed by Trump Growing US Economy.

    @lloydblankfein
    Today’s decision is a setback for the environment and for the U.S.’s leadership position in the world. #ParisAgreement

  103. leftwing says:

    NY night out. Rooftop drinks.

    Donkey punch night lol

  104. The Original NJ ExPat says:

    LOL. That’s it. My Great Aunt, widowed before I was born and never remarried, used to drive nothing but new Cadillacs until she retired from Westinghouse in the mid 1970’s. I guess adjusting to a fixed income she realized that Cadillacs were now out of her price range and she bought a Cordoba just like that one (gold 2 door with white Corinthian leather). That car had the longest, heaviest doors of any car I’ve come across. The doors were so long that little kids could get in and out of the back seat without even folding the front seat forward.

    The Original NJ ExPat says:
    June 1, 2017 at 2:05 pm
    What was that car with the fine Corinthian leather? Vornado?
    https://www.youtube.com/watch?v=Vsg97bxuJnc

  105. D-FENS says:

    Jesus h Christ. The senate is considering taxing employer provided health care plans. Not the Cadillac ones… ALL OF THEM.

    GOP must really want to piss off 177 million voters. McConnell needs to go in the next primary.

  106. chicagofinance says:
  107. chicagofinance says:
  108. Grim says:

    I believe that commercial was the inspiration for the Dos Equis campaign.

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