New life into old suburbs?

From LoHud:

Study: NYC suburbs could use 250K more transit-oriented homes

The solution to rising housing prices in the New York metro area could be the addition of 250,000 homes to the city’s suburbs over the next 20 years, according to a new study released this week.

The study, conducted by the New York City-based Regional Plan Association and released Tuesday, says the key to affordable living is building transit-oriented developments, which reduces the cost of living.

“Our region is struggling under the weight of it’s own success — with housing prices at an all-time high and space at a premium,” said Tom Wright, President of the Regional Plan Association. “More transit-oriented development is a real answer to our concurrent housing and commuting crises.”

Titled “Untapped,” in reference to the region’s potential for development, the 40-page study found that more than 60 percent of municipalities in the Lower Hudson Valley, Long Island, northern New Jersey and western Connecticut have restrictive zoning codes near their regional rail stations that hinder multi-family development. It found more than one in four municipalities only allow for low-density, single-family development in those areas.

RPA suggests that denser downtowns, with housing, retail, parks and schools near railroad stations, reduces the need for parking lots and garages because neighborhoods become more walkable. It also suggests that existing parking areas could be used for development.

“As technology emerges that will free space within some of New York’s most accessible suburbs, now is the time to consider our suburban planning holistically — and fully commit to a transit-oriented development strategy throughout the region,” Wright said.

This entry was posted in Demographics, Economics, New Development, North Jersey Real Estate, NYC. Bookmark the permalink.

49 Responses to New life into old suburbs?

  1. Fabius Maximus says:

    Friskies

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  3. Blue Ribbon Teacher says:

    I’m reminded of the dot.com millionaires. I think bitcoin has real value but the meteoric rise is pretty ridiculous.

    Two fathers around the block from me in 1997 worked everyday jobs. They took $5k and put it into Dell and a few other stocks. They then quit their jobs because they were “almost millionaires”. I really felt bad for the one because once his net worth went up to $750k, his wife instantly divorced him and took half and then the crash happened and he was then just unemployed.

    Also went to college with a kid at the beginning of 1998 that made $80k in the 1st semester. He let everyone know it. Didn’t hear much from him the rest of the 3 years.

    https://finance.yahoo.com/news/meet-people-getting-rich-bitcoin-181650451.html

    For Eddy Zillan’s bar mitzvah in 2012, his parents gave him $5,000 to start an investment fund. They expected him to start dabbling in stocks. Instead, he began buying cryptocurrencies like bitcoin and ethereum.

    Eddy saved up another $7,000 from summers spent working at a tennis club and other jobs, adding that to his investment fund for a total $12,000 in principal.

    Anybody who has been following cryptocurrencies knows where this story is going: Eddy’s $12,000 investment is now worth well over $500,000, a return exceeding 4,100% in just a few years.

    “I don’t know if he’s a prodigy, but he’s close,” says Eddy’s father, Gary Zillan. Eddy, now 18, is a high school senior in Orange, Ohio, near Cleveland. He hopes to study dentistry next year at Case Western Reserve University. But if that doesn’t work out, he has a Plan B, since he just launched a company that provides tutorials and insights on cryptocurrencies. “Hopefully he’ll be a multimillionaire by the time he’s my age,” says his father, who is 46.

  4. The Great Pumpkin says:

    Eddy and his family are taking the position that he is a genius and did this all on his own…no different than any of the other rich. Luck and society played no roll, Eddie is just a prodigy! Right out of lefty’s playbook.

  5. The Great Pumpkin says:

    Consider the tax on millionaires that Murphy is proposing. Critics say that it would drive millionaires out of the state. Is that such a bad thing? What happens when the big spenders are gone, and companies have to reduce prices so that the middle class, who will be the ones left buying goods, will be able to afford them? Would the price of milk come down if there was no one able to pay $5 a gallon? Or would housing and rental prices maybe come down? There is always a trade off when you do something like raising taxes. Sometimes you pay a little more here to get a lot more back over here.

    3b, this is what I always tried to explain to you, but you never understood it. Everything costs so much in nj because of the amount of millionaires living here. I’ll believe the millionaires are leaving in droves when the home prices and cost of living begin to reflect that assertion. People using moving company data to come to some ignorant assumption that the millionaires are leaving jersey in droves….sure.

  6. dentss dunnigan says:

    The great pumpkin ….we saw how well that worked out when just one millionaire ( Tepper)left it put a pretty big hole in the budget and left the politicians scrambling .Millionaires account for over 60% of the revenue in our budget …

  7. The Great Pumpkin says:

    And if you want to lower taxes….get them out of here. They drive up the cost for everything. Look at Seattle….amazon money doubled the price of their homes in 5 years and blew holes in their govt budgets with the rising cost of everything. No different than what happened here in nj, but let’s make up excuses to hide the real facts.

  8. The Great Pumpkin says:

    That’s why I don’t like this tax reform. It’s giving the people with the most, even more, with the expectation that they will create jobs and give raises with it. Yes, sure…

    They are better off taking that money for their tax cuts and giving it directly to the poor in the form of a one time payment. You will see more economic gain from this move….meaning you will actually see jobs created to answer the demand that will come from this investment as it trickles through the economy signaling to business that we want more.

  9. dentss dunnigan says:

    Pumpkin ..I don’t profess to know all about the tax cut but when I see my daughter & husband with income of 110 K get a small cut of 500.00 and me get a increase of $7,000. I would say it’s the people at the top who are getting hurt …a good read …https://nypost.com/2017/11/17/democrats-bogus-claims-about-who-gets-hit-if-washington-ditches-the-salt-write-off/

  10. The Great Pumpkin says:

    That article is garbage. Dents, 1% of the population owns over 50% of the total wealth. Why are they getting more now? Wtf?

    Here is the truth about the other 99%. The upper middle class are getting directly killed now. The rest were tricked into getting a tax cut. Yes, they are getting lower now, but who the hell do you think is going to pay for this 1.5 trillion hole this reform creates down the road. Hope they enjoy the crumbs now.

    This is disgusting, and if you can’t see that, you are blind.

  11. leftwing says:

    Pumpkin, I asked you politely to stop including me in your posts.

    You did it yesterday, and now again today.

    I haven’t responded to your posts and don’t intend to.

    Keep me out of yours.

  12. leftwing says:

    Fabs, that was funny.

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  14. The Great Pumpkin says:

    Left,

    I’m just using you as a poster boy for that type of mindset.

  15. The Great Pumpkin says:

    Nothing personal, but the lefty mindsets read this garbage produced by the same author of that article from the ny post at 12:28.

    http://www.heritage.org/budget-and-spending/report/why-government-spending-does-not-stimulate-economic-growth-answering-the#

    My question to this idiot….how do you explain China? Makes me sick that you promote this garbage, when a country is kicking our a$$ economically on the backs of govt centered spending.

  16. The Great Pumpkin says:

    “In the Great Depression the government with Franklin Delano Roosevelt’s New Deal programs Tripled Fiscal Spending (Between 1933 and 1939, federal expenditure tripled. ) There was no bailout of the banks and since we were still on the gold standard there was no fiat money/inflation stimulus. The Great Depression was catastrophic, the stimulus worked, but it took a while.

    What you are asking is if Keynesian economic policy works, and yes it does as long as your legislators does their part to enact fiscal stimulus spending instead of sequestering the government.

    There is also China’s fiscal stimulus response to the global Great Recession 2008–2009 and the continuing ongoing fiscal stimulus since then to accelerate growth and invest in infrastructure. The latest offshoot of this growth initiative is called “One Belt, One Road,” and is the new Chinese Economic Global Order. Growth and Progress, but always China and Chinese jobs first. There is no lack of heavy equipment operators in central Africa, but if China is financing the project, their workers are employed constructing the project. Chinese jobs first, even if that means an assignment in Central Africa.

    “Behind China’s $1 Trillion Plan to Shake Up the Economic Order

    The massive infrastructure projects, along with hundreds of others across Asia, Africa and Europe, form the backbone of China’s ambitious economic and geopolitical agenda. President Xi Jinping of China is literally and figuratively forging ties, creating new markets for the country’s construction companies and exporting its model of state-led development in a quest to create deep economic connections and strong diplomatic relationships.

    The initiative, called “One Belt, One Road,” looms on a scope and scale with little precedent in modern history, promising more than $1 trillion in infrastructure and spanning more than 60 countries. To celebrate China’s new global influence, Mr. Xi is gathering dozens of state leaders, including President Vladimir V. Putin of Russia, in Beijing on Sunday.”

    It is global commerce on China’s terms.

    Modern global economic fiscal stimulus, yes the price tag has a few zer000,000,000,000s.

    China’s growth with fiscal stimulus observes no global economic crisis or Great Recession. Fiscal stimulus grows and pays. Currently no other country has this kind of economic growth, and certainly no other country is lifting so many out of poverty into the world economy and economic progress. India was the only other country to also avoided the Great Recession but their growth is not even close to that of China.”

  17. The Great Pumpkin says:

    Murphy had a great interview on nj12 today. I am completely confident in this man to get jersey back on track. For all you haters complaining he will raise your taxes, first thing he said he is going to do is to fully fund the school funding formula which knocks out two birds with one stone; you address education investment and at the same time you address property taxes by lowering the burden each town must make up from lack of funding at the state level.

    He spoke about nj not having to start at step 1 like some other states for the following reasons:

    1. Best location in country
    2. Densely populated area
    3. Top 3 education system

    He understands how important it is to grow this economy. He claims that the wealthy won’t leave because they see he is investing wisely and growing the economy. So they won’t leave if this opportunity becomes real.

    This guy is my dream come true.

  18. 3b says:

    Pete is watching. Tomorrow is 3 weeks. Hi my name is 3b and……………..

  19. The Great Pumpkin says:

    Christie interview would have involved pointing fingers, complaining about property taxes, bitc!ing about teachers, and crying that the sky is falling. What a relief Murphy is. Finally!

  20. Grab them by the puzzy says:

    @kurteichenwald

    In honor of GOP tax bill, today’s book recommendation: A Generation of Sociopaths: How the Baby Boomers Betrayed America by Bruce Cannon Gibney (a venture capitalist.) It explains how we destroyed our children’s opportunities out of relentless greed, which continues to this day.

  21. Grab them by the puzzy says:

    @B_Ehrenreich

    Instead of tax reform, why not just require every poor and middle class person to send a check for, say, $1000 to their favorite rich person.

  22. leftwing says:

    Pumps, leave my name out of your repertoire. Make your point otherwise.

  23. Grab them by the puzzy says:

    @mattyglesias

    To be clear: Tax cuts for corporations, business owners, and heirs to large estates.

    Most wage-earners see higher taxes and many also see higher health insurance premiums.

  24. Grab them by the puzzy says:

    @DKThomp

    Senate tax bill summary:

    In the short term, health insurance pain for <$50k hhlds.
    In the medium term, tax increases for <$50k hhlds.
    In the permanent term, 40% reduction in corp tax rate!

  25. Blue Ribbon Teacher says:

    Most of the customers who announced plans to put down $5,000 deposits for the Tesla Semi indicated they wanted to test a few of the vehicles. Wal-Mart said it plans to order a total of 15 Tesla trucks, five for the United States and ten for Canada. The company operates a fleet of about 6,000 trucks in the United States.

    Lol, Wal-Mart going big. 15 trucks? That might take a few years to build.

  26. The Great Pumpkin says:

    “Since the 1970s, as America’s rich have gained unprecedented wealth, they’ve used their growing political clout to whittle back the estate tax — lowering its rate and widening its exemptions. Now House Republicans want to repeal it altogether.

    But as the study below shows, if the estate tax were back to where it was in the 1970s, it would generate $1 trillion over the next decade — more than enough to raise the pay of the bottom 60 percent through a true middle-class tax cut and expansion of the Earned Income Tax Cut. It would also do what it was intended to do — stop family dynasties from taking over American democracy.

    The richest 1 tenth of 1 percent of Americans now owns almost as much wealth as the bottom 90 percent.

    Many of today’s super rich never did a day’s work in their lives. 6 out of the 10 wealthiest Americans alive today are heirs to prominent fortunes. The Walmart heirs alone have more wealth than the bottom 42 percent of Americans combined.

    Rich millennials will soon acquire even more of the nation’s wealth. America is now on the cusp of the largest inter-generational transfer of wealth in history. As wealthy boomers expire, an estimated $30 trillion will go to their children over the next three decades.

    Those children will be able to live off of the income these assets generate, and then leave the bulk of them – which in the intervening years will have grown far more valuable – to their own heirs, tax-free. After a few generations of this, almost all of the nation’s wealth will be in the hands of a few thousand families.

    This is bad for our democracy and bad for our economy. America’s founding fathers did not want a permanent aristocracy.

    If Democrats were doing their job, they’d call the estate tax the “dynastic tax,” and demand it go back to what it was in the 1970s.”

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  29. Blue Ribbon Teacher says:

    NAFTA news. Florida agriculture pushing back.

    https://www.yahoo.com/news/florida-fruit-growers-sour-over-nafta-191925733.html


    Hope Pjesky, who raises cattle in Oklahoma, said at a time when agricultural commodity prices are particularly low, US farmers cannot afford to lose customers.

    For example, while beef tongue does not appeal to many American cooks, it is widely used in Mexico, and that can add “between $250 and $300 in value to each calf at the end of his life,” she said.

    But the Ranchers-Cattlemen Action Legal Fund, United Stockgrowers of America (R-CALF USA), the largest federation of cattle producers in the country, says NAFTA is mostly detrimental to American ranchers.

    “Under NAFTA, US ranchers are forced to absorb Canada and Mexico’s overproduction” and that is “driving down domestic cattle prices even when global US exports are growing,” the group said.

    I find it funny that someone is claiming on the national press that a single beef tongue is worth $300. I can get one for $12.99 at Whole Paycheck.

  30. Alex says:

    Maybe for the holidays, Grim would consider releasing a special limited edition bottle of Pumpkin whiskey. The bottle would have the requisite double yellow lines on both sides. The front would have a picture of Nana sobbing at the curb saying “My grandson stole my home!”, as a pumpkin head is staring at her from a partially open front door wearing a sinister grin.

    The back of the bottle would have a pumpkin head with short little arms and legs yelling at the top of his lungs saying “Will somebody please raise my property taxes!!”.

  31. nwnj says:

    A high school buddy of mine and his brother bought 120 bitcoins when it was sitting in the 400s. They are sitting on a 900k gain in less than 4 years. It’s insane but as along as the central banks keep printing all of the loose money has to go somewhere.

  32. Daddy Deported says:

    I am laughing so hard right now. This is how much attention the MSM gets from “regular” people these days.

    My college educated wife has heard of Jeff Sessions but is not sure who he is or exactly what he looks like. She thinks he held or used to hold an office. She also watches SNL every week. I asked her if she even knew what Jeff Sessions looks like. She said, “I think he’s small.” I asked her if she knew what color his hair was. Her first guess was black. Her second guess was dark brown. She’s also heard some news about Franken on the radio this week, but has never seen the picture that accompanies every TV news story.

    I asked my 15 year old daughter if she saw the picture of Franken this week. She said no. I asked her if she knew who Al Franken is. She answered, “I know who Betthenny Frankel is.”

  33. nwnj says:

    The SALT tax deduction is a complete POS and I’d love to see it go even if it means I have to pay slightly higher taxes due to living in NJ. It subsidizes all of these local fiefdoms and helps builds the local Democratic party machines which in turn builds new big government programs and eventually results in higher taxes. Starve the beast.

    But the rest of this tax plan is a farce. Why pretend the goal is “fairness” if you aren’t touching the biggest loophole of all, which is the carried interest loophole? Of course I suspect that loophole benefits both Democrats and Republics equally seeing how the Democrat party has become the party of the elite. Wall St backs the front runner no matter what with their army of lobbyists and write the laws no matter which party is in the white house.

  34. Daddy Deported says:

    Read my post directly above yours and you’ll find the answer.

    Why pretend the goal is “fairness” if you aren’t touching the biggest loophole of all, which is the carried interest loophole?

  35. Daddy Deported says:

    @realDonaldTrump

    Now that the three basketball players are out of China and saved from years in jail, LaVar Ball, the father of LiAngelo, is unaccepting of what I did for his son and that shoplifting is no big deal. I should have left them in jail!

  36. Blue Ribbon Teacher says:

    lol, Lavar Ball? He’s probably the only person in this country that needs to go away faster than Hillary.

  37. Blue Ribbon Teacher says:

    A high school buddy of mine and his brother bought 120 bitcoins when it was sitting in the 400s. They are sitting on a 900k gain in less than 4 years. It’s insane but as along as the central banks keep printing all of the loose money has to go somewhere.

    Hard to gauge what the demand behind bitcoin is going to be. Right now, it’s the best safehaven that south americans have from their governments. They used to save in dollars but governments would always freeze their accounts and swap them for pesos right before they hyperinflated away. It’s also a favorite of crime in various countries. $8000 might seem extreme or it might seem small compared to the amount of people that use it. I know I need to research more but if the number of transactions continues to go up without any price dips from dumping coins, that’s a good sign.

    I contemplated buying 1 coin for nostalgia at $20. When it hit $40, I said hell no. Maybe I’ll buy $20 worth of bitcoin now for nostalgia. I haven’t been to Atlantic City since I had kids so I gotta find my jollies from somewhere.

  38. Grab them by the puzzy says:

    @BillKristol

    Trump:
    If Americans won’t express fulsome gratitude to me personally,
    I don’t see why I should bother doing what a president should do.

    Trump’s failure to distinguish between himself and the office he holds is almost the definition of not understanding a constitutional republic.

  39. Grab them by the puzzy says:

    @RepAdamSchiff

    The President would have left American students in a foreign jail because their families didn’t lavish sufficient praise on him.
    How can someone in such a big office be so small?

  40. Grab them by the puzzy says:

    @ShaunKing

    Trump thrives off of making enemies that his base hates. It keeps his hero status among his core supporters.

    This is why he targets Colin Kaepernick and LaVar Ball.

  41. exJersey says:

    It’s very unusual for a POTUS to pull levers like that. A simple thank you from dad would suffice.

  42. Grab them by the puzzy says:

    It’s very unusual for a POTUS to wish for Americans to be locked up in a foreign jail.

  43. Libturd sporting Tiger Wood says:

    It’s very unusual for morons to continue to take the bait, unabated, I might add. Wait. No it’s not! I read a synopsis of the Cankles bio. I see she had nothing to do with her loss. Trump 2020…here we come.

  44. Daddy Deported says:

    I don’t watch any of the late night shows (except for SNL) but I happened to stumble on Seth Meyers show the other night, I think it might have been the night before last on Friday. All of a sudden Hillary Clinton was there as an “unplanned” guest, I guess. It confused the hell out of me even further when Meyers gave HRC a glass of champagne to “celebrate”? WTF? I couldn’t even believe she was out in the wild with WJC on the skillet against for being the raper in chief. Then I hit the button that tells Tivo to tell me the original air date. It was the Wednesday after the NJ, VA, etc. gubner elections. LOL, what a difference a week makes.

  45. Blue Ribbon Teacher says:

    lol, that’s right twitterbot…Lavar Ball 2020

  46. Guomino says:

    More failed ideas with more failed results. No one wants to dig into the reality that Real Estate taxes are so insanely high in the NJ area that the working class cannot afford homes.

    Companies and retirees are fleeing NJ faster than water falls out of a bottomless bucket, and the gap between rich and poor is increasing faster than almost anywhere in the country. Face it, you suckers in NJ elected Murphy and deserve the screwing you’re about to all get.

    Have fun!

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