From the NYT:
‘Airbnb Tax’ in N.J. Opens New Front in Battle Over Internet Economy
The Jersey Shore, a storied summer vacation spot, has become the newest national battleground over regulating and taxing the internet economy.
New Jersey is one of the first big states to adopt a surcharge on short-term rentals — a so-called Airbnb tax. It kicked in Oct. 1 and is causing vacationers to rethink their summer travels and stirring anxiety among the homeowners who rely on them.
The fallout over the 11.6 percent tax has inserted New Jersey into a broader debate as states and communities grapple with the explosive growth of the online home-sharing economy. A patchwork framework of local ordinances has failed to keep pace with the rapid rise of Airbnb, the largest home-sharing site, which was valued at $31 billion two years ago and has upended the rental market around the world.
Much like Uber’s dominance has caused a regulatory challenge for cities and Amazon’s ascent has prompted states to adopt internet sales taxes, the popularity of Airbnb has begun to push lawmakers to impose new rules even as they find ways to tap the enormous revenue it generates.
…
George Triebenbacher, 56, grew up on Long Beach Island in New Jersey and now owns seven properties there that he’s been renting out since 2010. His weekly rates vary — three homes rent for $1,650, three go for $5,500 and a larger home fetches $10,000.
In past years, by this point in March, all his homes had typically been reserved for the summer. But this year, about one-fourth of his rental weeks are still available, he said, and some people who had initially reserved are backing out.
“People are actually canceling and forgoing deposits to get away from the taxes,” he said. “There’s no question that there’s all kind of upheaval being created by this tax.’’
…
Passage of the short-term rental tax flew largely under the radar last summer, overshadowed by the battle between Mr. Murphy and Democratic legislative leaders over a different tax — on the wealthy — that nearly shut down the state’s government.
But now many along the shore say the rental tax places one of the state’s main summer economic engines in its crosshairs. The 11.6 percent tax applies to all rentals fewer than 14 days, including those made on home-sharing sites or directly between a renter and an owner. The only exceptions are rentals arranged through a realtor, which are not subject to the tax.
John Brennan owns a home on Long Beach Island that he is listing on Airbnb for $2,200 a week. By late winter he said he typically has 70 percent of the season booked. But so far, nothing has been rented. “They can’t just keep taxing us,” he said.
…
Maria Vitale, who has rented out her home in Lavallette for nearly 10 years, is charging the same weekly price, $2,400, as last year, but said many would-be renters had been turned off by the additional $280 in taxes.
“New Jersey people, we’ve been taxed enough,” she said.
The tax is taking hold at a time when the coast is still not fully recovered from Hurricane Sandy, Ms. Vitale noted. Still, there are signs of optimism: Her kitchen is being used less, she said, as renters seek out restaurants that have begun to reopen after the devastating 2012 storm.
“Knowing what the Jersey Shore went through six-plus years ago,” she said, “I don’t think this is the opportune time to tax them even more.”
Frist
Good Mornin Jerseyyyyy
The shore property owners didn’t vote for Fire Marshall Phil, so they got the horns.
Just more wealthy people not wanting to pay their fair share.
Wow, shocking news in the Brennan/Alvarez rape case.
The DNA did not match Alvarez.
#shelied?
#anotherhudsoncoverup?
I’ll take option two. Murphy has the deepest pockets you will ever find. It will be interesting to see HER reaction. As far as I know, she’s not a dingbat.
#AlvarezIsHisOwnTwin
https://www.healthline.com/health/chimerism
It wasn’t him that r@p3d Brennan…it was his unborn twin brother.
This Alvarez cover up story took a turn to the bizarre. It looked as if it would be the standard nj style cover up complemented with the sham hearings and the eventual “systemic failure” conclusion.
With Alvarez ready to testify today his lawyers decided to leak a bunch of evidence that was provided by the prosecutors office. Evidence that does appear to cast significant doubt on her accusations. Why that evidence was provided to his lawyers in preparation for a political hearing is curious.
Additionally it’s now clear that the Murphy admin including the beav were fully aware of the details of the case as it proceeded which is Why they protected Alvarez so adamantly. they have lied about this since day one. They did in fact coordinate with the prosecutor office.
And if you believe that which is now obvious. How much of a stretch is it to believe the investgwas politicized? The prosecutor admits that she knew Alvarez for a long time. This thing stinks from the head down.
It has been obvious for months what you are, but this post is embarassing…… along with the Weehawken apartment building abutting The Helix.
Yo! says:
March 11, 2019 at 1:22 pm
Hoboken and Jersey City politicians are among best in state. Residential building permit issuance knowhow is key to success, and these pols get it. Most suburban pols don’t.
I’m calling BS. Why wouldn’t this have come out Immediately given the political gain the adminstration had from this info.
Watch this video Grim.
If it were not for the man bun, I might find Alverez innocent.
https://www.politico.com/video/2019/03/11/albert-alvarez-2017-interview-067840
How are either of these two sh1t-for-brains in six-figure positions? Neither of them can complete a sentence. And this is under recorded testimony.
The ugly truth is the case is weak at best. Married women don’t let strange men in their home when their husband is away period.
But the big lie here is that Murphy knew full well about not only about the accusation which he lied about. But he also knew the details of the case from coordinating with the prosecutor which he also lied about and is why he protected Alvarez.
That’s the political sin. The facts DO MATTER despite he and tammy’s BS about all women deserving to be believed.
I agree 45. She brought this on and though probably assaulted, she does sound like she changed her mind half way. Alaverez is probably a douche and wouldn’t stop to the point of finger banging her when SHE ran to the bathroom.
How Murphy is handling this whole ordeal speaks to his complete incompetence. It seems like he is trying to play the #metoo by knowingly making Alverez fall on his sword. I’m sure he’s defending his decision based on the fact that Aleverez knew SHE was married so he deserves it. Murphy probably felt bad for Alverez, hence didn’t make him resign when he should have.
Murphy is not good a coverups for sure.
Who hired Alvarez? Will we actually find out today?
It really shouldn’t matter after the SDA debacle. It’s obvious Murphy is not paying attention. But he gets a pass in progressive NJ. Could you only imagine if this was Christie? The double-standard is strong.
Imagine all the shit we don’t know about?
Read some of the accounts of Alvarez’s other accusers. They suspected they were drugged.
https://newjerseyglobe.com/governor/third-woman-accuses-alvarez-of-sexual-assault/
Based on what is currently known I don’t think it’s a good case. I do think there are enough conflicts of interest to determine whether the investigation was mishandled(by someone impartial). If it’s found that there was bias in the investigation then it blows the lid off this thing. Everyone in nj government involved with this in long the committee is trying to prevent that from coming to light. It’s why they won’t call Suarez.
That thought did enter my mind.
Including
Trump’s Budget Would Add $7.9 Trillion to the National Debt Over the Next Decade
And the real outcome is likely to be worse, since the budget relies on overly rosy assumptions about future economic growth. President Donald Trump’s proposed budget boldly promises to tame America’s runaway national debt, which recently surpassed $22 trillion and continues to grow.
Full House mom get’s nailed by FBI.
Yes it is safe for work.
https://www.nbcnews.com/news/us-news/feds-uncover-massive-college-entrance-exam-cheating-plot-n982136
Essex – re: national debt. Music stops in our lifetime yes? Got Ammo?
Stupid HS kids? No problem. If Pumps came from a rich family he could have gone to Yale instead of the Post Office.
https://www.foxnews.com/us/college-entrance-exam-cheating
Full House mom get’s nailed by FBI.
There ya go, how the rich stay rich.
Music stops when the US no longer has a military big enough to force the world to trade oil for only US dollars.
Music stops in our lifetime yes?
Trump’s Budget Would Add $7.9 Trillion to the National Debt Over the Next Decade
Means high inflation, means that the rich get soaked. Middle and low classes with debt get a gift.
So is it a problem, or isn’t it?
Price tag? $600K to $2.5 million per kid. The colleges must be pissed, especially after not getting paid directly as in past generations.
BTW, RICO statute employed.
Stupid HS kids? No problem. If Pumps came from a rich family he could have gone to Yale instead of the Post Office.
Just another way Trump is a much better president B. Hussein Obama. Less deficit, double the growth.
Trump’s Budget Would Add $7.9 Trillion to the National Debt Over the Next Decade
^^^less debt, I mean. Deficit could also go down.
lol – don’t worry about your 790 SAT score Johnny you are a legacy.
“Most of the students did not know their admission to the school was due to a bribe, authorities said.”
I wonder if the kids knew their admission scores for the tests taken in their name?
How about the kids who got athletic scholarships for sports they never played? I would think the kid would have to be complicit, right?
BTW, all of the monies paid by parents were paid to a “charity”, so they wrote it off too.
Did they get their degree revoked?
And the funny thing is….these universities still enjoy the status of a highly intelligent student body. They let a few high flyers in to make the appearance a reality but most of the kids on campus are of average intelligence but from extreme wealth.
Role model for today’s high schoolers….
https://pagesix.com/2019/03/12/lori-loughlins-daughter-cashed-in-on-student-status-after-alleged-bribery-scheme/?_ga=2.137220784.1872604963.1552321745-1880984940.1469545920
Older Americans are foregoing homeownership in favor of the flexibility and convenience of renting, according to a new report using U.S. Census data
The shift is driven by economic uncertainty after the Great Recession, along with the appeal of no longer having to be responsible for home maintenance
The cities attracting the most renters age 60 and older were concentrated in the south – five were in Texas and Austin led the way with a 113% increase in 10 years
Well, they did also throw Texas in there…
Most rich benefit from inflation.
grim says:
March 12, 2019 at 11:51 am
Trump’s Budget Would Add $7.9 Trillion to the National Debt Over the Next Decade
Means high inflation, means that the rich get soaked. Middle and low classes with debt get a gift.
So is it a problem, or isn’t it?
I am sure people will be banging down the doors at BU to have their kids attend there. I mean look at the fine product they turned out with AOC!!
Here’s the non-crew crew scholarship daughter from yesterday:
https://www.youtube.com/watch?v=5mT3SYWwK-A
ROFL
Ex-Murphy official accused of ra@pe ‘couldn’t tell you’ who hired him to $140,000 job.
Video
https://www.youtube.com/watch?time_continue=5&v=98AxhpBBEhM
Juice the hearings are a ruse to allow the Democrats in nj to weaponize metoo when they see fit and ultimately provide cover for the beav. Nothing more.
Who hires anyone into a patronage pit?
Shut down the school construction corp immediately.
I don’t understand how you avoid home maintenance as a renter. That’s the equivalent of claiming you are not responsible for home maintenance on a townhouse/condo. You can do the same thing when you own a home, hire someone to do it for you. How exactly do the above mentioned avoid home maintenance?
“The shift is driven by economic uncertainty after the Great Recession, along with the appeal of no longer having to be responsible for home maintenance”
What a mess with this rape allegation….. what a joke. The sad part is, the joke is on us.
Now with this college scandal….. why would you ever think for one second that humans can be trusted? Doesn’t matter if it’s public or private, corruption is one and the same.
Rich people play by the rules? Their money is not the source of corruption, right? I said right?
What the fs a haul?
It’s official. I’m old.
I need to start making videos.
I hope all those kids are expelled.
How much you want to bet that they aren’t?
How did the universities involved not know about this?
So if they completed all of the course work required to pass, but were illegally accepted, what is the outcome?
Medical Emergency (jj Edition):
A woman passed out mid-oral s5x after her imminent 0rgasm caused a small stroke.
The unnamed 44-year-old was enjoying the fruits of her lover’s labor when she lost consciousness for two to three minutes.
He rushed her to the hospital fearing she had suffered a fit.
When they arrived, the man told medics his partner’s body had gone stiff during the episode.
She felt sick when she arrived at the hospital and was suffering a nasty headache which she scored as a six out of ten on the pain scale.
CT scan showed burst aneurysm
Doctors led by Yunus Gokdogan at the Chelsea and Westminster Hospital wrote in a BMJ case report: “On closer history taking, the patient reported nearing 0rgasm while receiving oral s5x from her partner before losing consciousness.
“Her partner estimated she was unconscious for two to three minutes, with no convulsive activity reported. She had otherwise been well preceding the event.”
Given the woman’s symptoms — including the headache — Gokdogan’s team sent her for a CT scan.
It revealed a “trace of acute subarachnoid blood” — a type of stroke that causes bleeding in the space around the brain.
The patient’s bleed was caused by a small aneurysm, a bulge on a blood vessel like a balloon or bubble that bursts.
Passionate romps cause sudden surge in blood pressure
Gokdogan’s team warned that rigorous activity — including passionate romps — can cause aneurysms to burst.
They wrote: “Known risk factors for rupture include activities that involve sudden increases in blood pressure and s5xual activity is well described as a precipitant.
“During sexual activity, blood pressure as well as heart rate, is very labile, with particular rises during 0rgasm.”
Let me know when the prosecutor’s office files perjury charges against Murphy’s chief legal council…
https://www.nj.com/news/2019/03/ex-murphy-aide-accused-of-rape-said-governors-top-lawyer-agreed-to-help-him-find-a-new-job.html
Took the first pass at my taxes. So far so good getting back a little just like last year. I may just go out and celebrate.
Too bad I don’t have massive carry over losses like Trump.
Don’t hold your breath.
The USA no longer has a functional justice system anymore.
“Let me know when the prosecutor’s office files perjury charges against Murphy’s chief legal council…”
Or maybe it does. I stand corrected.
https://patch.com/new-jersey/westfield/former-union-county-priest-church-sex-abuse-list-murdered
Inflation is a massive destroyer of wealth and well being at all income levels.
I am constantly perplexed by anyone wishing for inflation.
The only beneficiaries of inflation are massively indebted entities in over their heads, ie the federal govt, certain state govts including yours truly, and incompetent real estate developers.
All of which virtually assure forthcoming inflation.
Everyone – petty savers, pensioners, the wealthy – loses with inflation. If you have met assets or an annuity, it loses real value. No asset class beats inflation long term.
*net assets*
Damn Android
Your comments are accurate if the assumption is that inflation culminates with prices in all asset classes, consumer good categories, wages, etc. etc. being affected equally. Wouldn’t you agree that we’ve inflated the monetary supply over the past 30ish years and it has certainly not resulted in prices increasing proportionately?
Leftwing says:
March 12, 2019 at 5:24 pm
Inflation is a massive destroyer of wealth and well being at all income levels.
I am constantly perplexed by anyone wishing for inflation.
The only beneficiaries of inflation are massively indebted entities in over their heads, ie the federal govt, certain state govts including yours truly, and incompetent real estate developers.
All of which virtually assure forthcoming inflation.
Everyone – petty savers, pensioners, the wealthy – loses with inflation. If you have met assets or an annuity, it loses real value. No asset class beats inflation long term.
I always hypothesized that theoney would come back from overseas once they diversify from treasuries. They’ve only begun in one asset. Prime real estate.
Same Newark crew that gave away the parking for $1 just voted fat raises for themselves, for a part time job.
Newark’s City Council agreed to increase their own salaries by more than $30,000 on Tuesday, after voting last month to give the mayor a $50,000 raise.
The measures cap off a series of recent pay boosts for the mayor, his aides and other city administrators.
Council President Mildred Crump will earn $105,000, a 48 percent increase from her $71,000 salary. The other eight members of the council will earn $95,000, up from $64,000.
When only certain things go up in price, that is not price inflation. Inflation affects prices of everything equally. Health insurance and college costs haven’t gone up astronomically because of price inflation, but because of radical structural changes in those markets. You’ll know real inflation when your liquidity preference goes way down. In other words, you would rather spend your cash quickly rather than save any of it, because you know it will buy so much less, literally, tomorrow.
Another clue you’ll see when we have actual high inflation is when merchants go back to letting you buy stuff on layaway. You pay over time and when you’re done paying you get the product. Exactly the opposite of getting the product today and having no payments for 6 months. Merchants would rather have some money today, while it’s worth more, than a lot more down the road, when it’s worth less.
FYI, interest rates tumbled today because too many things went down in price since last month including, believe it or not, all forms of health care.
Your comments are accurate if the assumption is that inflation culminates with prices in all asset classes, consumer good categories, wages, etc. etc. being affected equally. Wouldn’t you agree that we’ve inflated the monetary supply over the past 30ish years and it has certainly not resulted in prices increasing proportionately?
A very simple example of what isn’t inflation is when there is a bad crop year for a particular food. The price obviously rises, but it’s not because of inflation. It’s because something changed radically in that market.
Democracy ceases to function when the elected realize they can vote themselves whatever they like from the treasury.
Has inflation every historically affected everything equally on the order of a few years?
I subscribe to the Austrian / Milton Friedman (similar but not identical) definitions of inflation in that increasing the monetary supply is inflation, the cause… and the resulting asset and/or consumer price increases is the effect.
The Original NJ ExPat says:
March 12, 2019 at 7:15 pm
When only certain things go up in price, that is not price inflation. Inflation affects prices of everything equally. Health insurance and college costs haven’t gone up astronomically because of price inflation, but because of radical structural changes in those markets. You’ll know real inflation when your liquidity preference goes way down. In other words, you would rather spend your cash quickly rather than save any of it, because you know it will buy so much less, literally, tomorrow.
Another clue you’ll see when we have actual high inflation is when merchants go back to letting you buy stuff on layaway. You pay over time and when you’re done paying you get the product. Exactly the opposite of getting the product today and having no payments for 6 months. Merchants would rather have some money today, while it’s worth more, than a lot more down the road, when it’s worth less.
FYI, interest rates tumbled today because too many things went down in price since last month including, believe it or not, all forms of health care.
Your comments are accurate if the assumption is that inflation culminates with prices in all asset classes, consumer good categories, wages, etc. etc. being affected equally. Wouldn’t you agree that we’ve inflated the monetary supply over the past 30ish years and it has certainly not resulted in prices increasing proportionately?
Pass on the savings?!! Funny!
This will only help accelerate the rate of income inequality in our economic system.
“In Austin, where the average home is roughly $400,000, Icon said it could make a home $120,000 cheaper—if builders pass all the savings on to consumers.”
https://www.wsj.com/articles/a-3-d-printed-family-home-a-texas-startup-says-it-can-deliver-11552334520
Inflation is inflation. Simply increasing the money supply which will have some inflationary impact on the economy. No science to where it will go. This last round of money printing proved it.
Can’t help but think of the pigs eating at the table in “Animal Farm” when reading this. What a bunch of selfish pricks.
They are all the same…the politicians and business leaders are all driven by the same greed that feeds off their inability to care for anyone but themselves.
Juice Box says:
March 12, 2019 at 6:49 pm
Same Newark crew that gave away the parking for $1 just voted fat raises for themselves, for a part time job.
Newark’s City Council agreed to increase their own salaries by more than $30,000 on Tuesday, after voting last month to give the mayor a $50,000 raise.
The measures cap off a series of recent pay boosts for the mayor, his aides and other city administrators.
Council President Mildred Crump will earn $105,000, a 48 percent increase from her $71,000 salary. The other eight members of the council will earn $95,000, up from $64,000.
I could never take a no show job or some overpaid position. I want to earn every single dollar and look at myself in the mirror at the end of the day….you want to look in that mirror and be proud. Your work is your life….it must have meaning at the end of the day.
Pumpkin – Every time you visit NJRE and make a post, you are stealing from your boss. Are you honestly giving a full-day of your best efforts in exchange for your pay? I’d like to hear how you reconcile what must amount to several hours per day surfing/posting to a web-site that creates zero value for your employer.
Tell me more about how good it feels to “earn every single dollar” and still look in the mirror with such beaming pride about your efforts. Your ego is incredible.
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