Monthly Archives: May 2019

Millennials jump in?

Posted on May 30, 2019 by grim

From CNBC: Many millennials say buying a home may finally be within reach Samantha Suckno says knew she wanted to start to build a life with her soon-to-be husband in a home they owned. So she and her fiance, Jason … Continue reading →

Posted in Demographics, Economics, National Real Estate, New Jersey Real Estate | 143 Comments

What NJ Makes…

Posted on May 29, 2019 by grim

From the APP: NJ manufacturing jobs grow, but will parents let kids skip college? Aquatherm, a Lakewood manufacturer that makes solar heating systems for swimming pools, has no shortage of ideas that could help its business grow. Workers, on the … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 44 Comments

Tax the shore

Posted on May 28, 2019 by grim

From WHYY: N.J. may roll back tax on Shore rentals, but details remain fuzzy New Jersey lawmakers are moving to exempt many Shore-goers from an unpopular new tax on home rentals, but it’s still unclear when the change would take … Continue reading →

Posted in Property Taxes, Shore Real Estate, Unrest | 56 Comments

Rats leave sinking ship

Posted on May 25, 2019 by grim

From Bloomberg: Florida Is the Big Winner as the Wealthy Move Out of Northern States Roughly 5 million Americans move from one state to another annually and some states are clearly making out better than others. Florida and South Carolina … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 15 Comments

Has Asbury made it?

Posted on May 21, 2019 by grim

From the NYT: Asbury Park, N.J.: A Seaside Community Reborn Carolyn Curtin moved to Asbury Park in 2002 and fell in love with a late Victorian house with a falling-down porch and heaven knows what other problems. She knew nothing … Continue reading →

Posted in Economics, Housing Recovery, New Development, Shore Real Estate | 156 Comments

Gives me hope

Posted on May 18, 2019 by grim

Click the link, look at the photos. Audible did an incredible job. This is far cooler than anything anyone is doing in SF and the Valley. From the Star Ledger: Audible just opened an office inside an old N.J. church, … Continue reading →

Posted in New Development, New Jersey Real Estate | 51 Comments

So absurd it needs to be reposted

Posted on May 16, 2019 by grim

From SportsTalk: Paterson, NJ Developers Think An Arena Can Help Save A Struggling Shopping Mall Sports as an economic generator in Paterson, NJ?  It doesn’t appear that any sports league is looking to put a team in Paterson, New Jersey. … Continue reading →

Posted in Economics, New Development, New Jersey Real Estate, Politics | 99 Comments

What’s driving gross income tax increases?

Posted on May 15, 2019 by grim

From the Star Ledger: N.J. income taxes rolling in like never before. Now Dems will fight over what to do with all that extra cash.  New Jersey’s income tax collections came roaring back in April, surprising state leaders and cracking … Continue reading →

Posted in Economics, Employment, Politics, Property Taxes | 63 Comments

Policy has repercussions

Posted on May 14, 2019 by grim

From ROI-NJ: GSI forum offers some ‘uncomfortable truths’ of doing business in N.J. State Sen. Declan O’Scanlon was measured in his tone but precise in his words. Speaking at Garden State Initiative’s second annual Economic Policy Forum on Thursday in New … Continue reading →

Posted in Economics, Employment, New Development, New Jersey Real Estate, Politics | 52 Comments

Overhauled? Shut it down.

Posted on May 13, 2019 by grim

From the Star Ledger: The EDA gave tax breaks to a predatory lender, group says. That’s why the state agency needs to be overhauled. Last week, corporate whistleblower Kerrie-Ann Murray testified that her former employer falsified payroll paperwork to facilitate a … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate, Politics | 48 Comments

Where prices are going up in NJ. It’s not where you think.

Posted on May 10, 2019 by grim

From the Star Ledger: The town in each county where home values are increasing most  Get these homes while they’re hot — and in some cases — still cheap. We’ve looked at the hottest markets in New Jersey — the places that … Continue reading →

Posted in Economics, Housing Recovery, New Jersey Real Estate | 121 Comments

Grass is greener, taxes are lower

Posted on May 9, 2019 by grim

From Fox Business: Florida-based ‘Unhappy New Yorkers’ campaign targets fed-up taxpayers Tens of thousands of New Yorkers are leaving the high-tax state and moving to Florida, a trend local real estate developers are looking to capitalize on. Armando Codina, executive chairman of Miami real … Continue reading →

Posted in Demographics, Economics, National Real Estate | 108 Comments

How In Living Color predicted the future.

Posted on May 8, 2019 by grim

From CNBC: How the hustle and gig economy is choking the middle class For Emmanus Stephen, an Uber driver from Asbury Park, New Jersey, earning enough to pay the bills means strategizing carefully about where he will work each day. … Continue reading →

Posted in Demographics, Economics, National Real Estate | 102 Comments

Welcome Home

Posted on May 7, 2019 by grim

From the Star Ledger: These 2 N.J. suburbs are among most affordable ‘you’d like to live in’ outside of major cities One of the desirable traits of living in New Jersey is much of the state’s proximity to a major … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 66 Comments

Brains win.

Posted on May 4, 2019 by grim

From Citylab: The Geography of Brain Drain in America Perhaps the biggest problem afflicting America is its widening geographic divide between the winners and losers of the knowledge economy. A raft of studies has documented the growing divergence between places … Continue reading →

Posted in Demographics, Economics, Employment | 45 Comments