From the Jersey Journal:
Jersey City considers allowing ‘cottage’ industry that could ease city’s housing dilemma
Need a little extra income? Looking to move an aging relative or out-of-work college grad back home, but just don’t have the room?
Jersey City feels your pain, and at the same time can ease its housing shortage — so the city is proposing to allow homeowners to add accessory dwelling units on their property under new zoning amendments.
The city planning board is expected to review and discuss proposed zoning amendments to the city’s zoning map and land development as part of the city’s master plan at Tuesday’s meeting.
In the 54-page document detailing potential changes to zoning districts, residential districts (RH1, R1, and R2) or areas with one to three-family homes could add an accessory dwelling unit “regardless of lot size and in addition to unit(s) in the principal structure.”
An accessory dwelling unit (ADU), also known as a “granny flat,” is a smaller residential living space located on the same lot of often a single-family home, either attached or detached to the primary house. ADUs tend to be a detached garage that has been converted into their own studio or one-bedroom apartment with a kitchen and bathroom.
City spokeswoman Kimberly Wallace-Scalcione said the new changes are zoning recommendations based on the city’s master plan.
“It allows ADUs over or in garages as an accessory building, not another primary building,” Wallace- Scalcione said. “This is yet another creative tool the administration is implementing on the local level that is proven to help improve affordability in densely populated residential neighborhoods.”
First
“This is yet another creative tool the administration is implementing on the local level that is proven to help improve affordability in densely populated residential neighborhoods.”
Am I reading something out of an Ayn Rand novel? Are these people out of their minds? More congestion, more traffic, more pollution, lax education and greater stress on infrastructure – an equal value for value trade, right? (sarcasm). Oh my God, the end is nigh.
The new Jersey City: https://tinyurl.com/2scwxua5
Accessory units great for increasing property values, making properties even less affordable for many.
It’s amazing what can come out of someone’s mouth that works for the government, actually wants to give credit for this:
https://youtu.be/-h98xEVbjAQ?list=PLlV2Iuo79Cur7GQYJhuh_l3xrcOBYgNzc&t=103
I went to three open houses yesterday. One of the three I would consider listed just under 600K on a busy double yellow. That’s it. Ideally, it should be listed closer to 500K minus the 7%, 30 year fixed mortgage. One house, another split, listed in the mid 600s had me shaking my head; dated, old and so much to do that I was immediately transported back a decade ago into a familiar horror movie. They had a slop sink in the basement running into a 5-gallon bucket with a pump to empty because the drain was below the sewer line. Ya got that? That was 1 of 30 things that made me gasp.
All in all, I’m looking at the same houses I did 10 and 15 years ago with a 20% increase, a higher mortgage rate but with the same dingy, dirty, disguised, smelly, offensive and makeshift madness. I’m convinced I can put just about any price tag I want on my house and create an instantaneous war.
Oh, just as a side, I was near Wegman’s yesterday, ran in to get a few items and everything seemed to have a $15 price tag on it. Again, I have no idea how people are surviving.
Oh, the 3rd house was listed for 700K, built in the late 1800s, had closets in tiny bedrooms that I could put a pair of socks and two towels into it and a front “sitting room” the size of a bathroom. Upstairs was covered in dirty old rugs to disguise the uneven and dilapidated floors. You had to pivot right and then left to walk upright. That’ll cost you 700K. Sign here, please.
Fast Eddie says:
All in all, I’m looking at the same houses I did 10 and 15 years ago with a 20% increase, a higher mortgage rate but with the same dingy, dirty, disguised, smelly, offensive and makeshift madness. I’m convinced I can put just about any price tag I want on my house and create an instantaneous war.
Thank BOOmer.
Phoenix,
Actually, it’s a 40% increase. First time buyers are fucked beyond belief. Yeah, you could say the Boomers are making a score but it would be Gen-xers or anyone else, too. It’s absolute madness.
I am finally up on DNA! 💪🏻 lol
I was going to say 40% from anyone who bought within last 5 years. Anyone from bought last ten years is 50-100% increase. 20 plus years in 4 times what they paid for it. Truly crazy.
Inflation or just greed – my bro orders a small pepperoni and large cheese from Planet Pizza up here. Pure shite pizza but he wanted something. Bill? $48. He was shocked. I was not. $21 for a large pie, and $18 for small plus $4 delivery plus tax and tip.
Must be where you bought, I paid $195,000 in 1993. Put in about $200,000 of additions, etc. Zillow says $650k.
People struggling financially shouldn’t shop at Whole Foods. People struggling financially can find the best pizza deals – maybe using coupons to get the best deal. Small pizza is never the best deal. Large plus leftovers is the way to go. Or making your own food.
Will Jersey City approve Tent plus latrine as add-on housing?
I’m against zoning and town inspections and codes anyway. Clearly people are already ignoring it.
On my recent trip to Poland, I walked through a historic part of town which was being built up with new residential projects. I took some shots as I walked around:
https://1drv.ms/a/s!AtoOOFjvN__7gUQ75lJoCg6H2nlZ?e=XPwyyk
13 foot ceilings, large windows, able to withstand direct mortar fire, underground parking, the antithesis to stick build drywall condos. Most new apartments here are delivered to the buyer in what is called “developer state” so that buyers architect and decorator can finish the space to buyers exact specifications.
Most EU residential mortgages are fixed for a five year period, at the then prevailing rate, at which point they become adjustable rate mortgages.
Headed into an election year, government stimulus is focused on subsidizing rates on new mortgages to keep prices elevated. A new program is coming out this fall which will subsidize interest payments to fix the rate for the borrower at 2.5%. Property prices have mooned in recent years even as 2019 vintage mortgage payments reset from 2.5% to 6%.
Grifters
An Associated Press analysis found that fraudsters potentially stole more than $280 billion in COVID-19 relief funding; another $123 billion was wasted or misspent. Combined, the loss represents 10% of the $4.2 trillion the U.S. government has so far disbursed in COVID relief aid.
That number is certain to grow as investigators dig deeper into thousands of potential schemes.
How could so much be stolen? Investigators and outside experts say the government, in seeking to quickly spend trillions in relief aid, conducted too little oversight during the pandemic’s early stages and instituted too few restrictions on applicants. In short, they say, the grift was just way too easy.
“Here was this sort of endless pot of money that anyone could access,” said Dan Fruchter, chief of the fraud and white-collar crime unit at the U.S. Attorney’s office in the Eastern District of Washington. “Folks kind of fooled themselves into thinking that it was a socially acceptable thing to do, even though it wasn’t legal.”
The U.S. government has charged more than 2,230 defendants with pandemic-related fraud crimes and is conducting thousands of investigations.
Most of the looted money was swiped from three large pandemic-relief initiatives launched during the Trump administration and inherited by President Joe Biden. Those programs were designed to help small businesses and unemployed workers survive the economic upheaval caused by the pandemic.
Two open houses I went to.
1st was decent (1.1m) still had knob and tube as the major downfall.
2nd was beyond packed ($850Kish) – probably had 40+ parties in there at once – needed some work, tiny galley kitchen…
I wouldnt move in either of them
Anyone who says crime doesn’t pay isn’t doing it right…
Ex Ex,
Didn’t Libturd write extensively about how much money was getting wasted?
If the government only wasted 10% of their spending it would probably be the most efficient program ever. Reality is probably that the majority was wasted.
Remember your governor in CA did a massively overpriced direct buy of crap masks from China for how much money? He should have told people to go outside in fresh air instead, like he did at the French Laundry. Free if you only order tap water.
californiaglobe.com/articles/little-scrutiny-two-years-after-gov-newsoms-odious-1b-china-byd-mask-deal/
“Boomer won’t allow cuts to student loan debt. Other things are possible.”
I can show a wide swath of recent grads (2022-2002) who would be ripshit, politically lost to the Left for a generation….you know, the ones whose families actually shouldered the burden and the ones who busted their asses during summers and with in-semester jobs. And whose loans are paid back.
No wonder rational (ie, swing state) Dems are against it and won’t move the bill to Biden’s desk….the normal liberal leeches are already in the Urban Blue corner and this isn’t going to move the needle with a hard working, sensible family.
Finally have the close on the house in our neighbor, asking $725k closed at $800k. They only took offers for 2 days. Purchased in 18 for mid 5’s
Trick,
Mid 500s to 800K in 5 years. Nah, no issues here. Tack on that 7% mortgage rate. Sign here, please. Cha-ching!
Every student borrower should form LLC then Biden can call it helping small businesses and the Rs would be all on board with billions in forgivable bailouts. This is simply bc it is called “Student Loan debt”. It is marketing more than any moral stance about R ‘paying your way’..pure non-sense.
What this country needs is Directive 10-289. It’s only fair that those with capacity help the needful and less fortunate. Equality has a price and that price is compassion for our fellow muppets!
Saudi Saudi Saudi
https://www.tiktok.com/t/ZT819rj6A/
The reddit protest is one of the more interesting stories of the year. I am watching outcome this month. The free internet is starting to become a thing of past. Perhaps charging for services will bring end to social media dominance. Charge me for FB, Twitter, Reddit? Nah, it was fun while it lasted.
10-289. I bet at least 25% of Americans would vote for this plan
“Point One. All workers, wage earners and employees of any kind whatsoever shall henceforth be attached to their jobs and shall not leave nor be dismissed nor change employment, under penalty of a term in jail. The penalty shall be determined by the Unification Board , such Board to be appointed by the Bureau of Economic Planning and National Resources. All persons reaching the age of twenty-one shall report to the Unification Board, which shall assign them to where, in its opinion, their services will best serve the interests of the nation.
“Point Two. All industrial, commercial, manufacturing and business establishments of any nature whatsoever shall henceforth remain in operation, and the owners of such establishments shall not quit nor leave nor retire, nor close, sell or transfer their business, under penalty of the nationalization of their establishment and of any and all of their property.
“Point Three. All patents and copyrights, pertaining to any devices, inventions, formulas, processes and works of any nature whatsoever, shall be turned over to the nation as a patriotic emergency gift by means of Gift Certificates to be signed voluntarily by the owners of all such patents and copyrights. The Unification Board shall then license the use of such patents and copyrights to all applicants, equally and without discrimination, for the purpose of eliminating monopolistic practices, discarding obsolete products and making the best available to the whole nation. No trademarks, brand names or copyrighted titles shall be used. Every formerly patented product shall be known by a new name and sold by all manufacturers under the same name, such name to be selected by the Unification Board. All private trademarks and brand names are hereby abolished.
“Point Four. No new devices, inventions, products, or goods of any nature whatsoever, not now on the market, shall be produced, invented, manufactured or sold after the date of this directive. The Office of Patents and Copyrights is hereby suspended.
“Point Five. Every establishment, concern, corporation or person engaged in production of any nature whatsoever shall henceforth produce the same amount of goods per year as it, they or he produced during the Basic Year , no more and no less. The year to be known as the Basic or Yardstick Year is to be the year ending on the date of this directive. Over or under production shall be fined, such fines to be determined by the Unification Board.
“Point Six. Every person of any age, sex, class or income, shall henceforth spend the same amount of money on the purchase of goods per year as he or she spent during the Basic Year, no more and no less. Over or under purchasing shall be fined, such fines to be determined by the Unification Board.
“Point Seven. All wages, prices, salaries, dividends, profits, interest rates and forms of income of any nature whatsoever, shall be frozen at their present figures, as of the date of this directive.
“Point Eight. All cases arising from and rules not specifically provided for in this directive, shall be settled and determined by the Unification Board, whose decisions will be final.”
11:39 you must have had a point there somewhere.
10-289. I bet at least 25% of Americans would vote for this plan.
If you vote democrat, your all for this directive. Look at their playbook. And that 25% is more like 50%.
The San Francisco lawyer Harmeet Dhillon is a fixture on Fox News who has garnered support from the likes of Matt Gaetz, Tucker Carlson and Laura Ingraham; she also helms a non-profit that appears to have directed more than $1m into her law firm, Dhillon Law Group.
Dhillon most recently made headlines when she signed on to represent Carlson in a gender discrimination lawsuit he and Fox News face from former producer Abby Grossberg. She also acted as an attorney for Donald Trump and former Project Veritas head James O’Keefe, who in 2021 sued Twitter for banning him.
Last November, Dhillon was able to mount a serious challenge to Ronna McDaniel for chair of the Republican National Committee (RNC). Archived snapshots of her campaign’s official website touted endorsements from elected officials such as Gaetz and conservative media figures such as Carlson, Ingraham and Jack Posobiec.
Stupid is a lifestyle for some of you folks.
Ex Ex,
If you couldn’t decipher the point, that may suggest you’ve smoked a few too many doobies out there in La La Land. Feel free to re-read and re-ponder as many times at it takes you. You get extra time like those kids in Pumpkin’s class.
With respect to ADUs, – I get the pros and cons but keep coming to the same conclusion that it’s a net positive for both owners and tennants alike. Having an administrative state dictate property rights without any flexibility can’t be the best and only way to manage a community. I get the drastic changes to a residential neighboohoods should not be permitted but “a little flexibility” in trusting homeowners to make decisions with their own private property can’t be a liberal only perspective. What am I missing here?
2:49 pffft sorry did you say something?
Yup, I’d say this is about right:
https://tinyurl.com/3w8vavax
Eddie,
From what I’ve seen and read, Trump was flaunting his criminality. He had documents that wasn’t his to keep, were classified, and weren’t his to de-classify, he talked and bragged to people about how he had them, he stored them improperly, and he repeatedly rejected demands to return the documents voluntarily.
Either Trump actually thinks he’s a Mussolini -level strongman able to do whatever he wants, or he actually wanted to be indicted for his own political benefit, caring little about the security of US classified materials.
Perhaps it’s a combination of both, but either way, it’s yet another example of Trump being unfit not just for president, but also of being a deeply disturbed and delusional person.
People who make excuses for Donald Trump are just embarrassing themselves, because it’s increasingly looking like the sort of Fuhrer worship, Trump bragged about in the past. Don’t keep proving him right. Trump doesn’t love liberty, individual rights, or any principals. He’s just desperately pumping up his own fading self-image by surrounding himself with sycophants.
abc.net.au/news/2016-01-24/trump-says-he-could-shoot-somebody-and-not-lose-voters/7110198
Fast Eddie . . . You have a problem with the high housing prices. There are only three solutions if you want lower prices: (1) govt steps away from backstopping the conforming mortgages, (2) the only immigrants we let in are those who marry or are children of US citizen, (3) zoning gets looser.
The JC ADU measure, if passed, lowers housing prices by creating more supply. Sure, a 2-fam that would have sold for $800k before sells for $1M because it now has easy rights to go to 3-fam. But, that extra unit may be rented by one of the competitors for buying one of those open house properties you go to.
We can have affordable housing in NJ by legalizing basements, attics and ADU’s. Tight zoning is why the housing is expensive.
Who thought we would get another shot at 4300 so soon. We really need an impetus for a reversal though.
I’m a bit confused as to why the VIX spiked 8% today.
“It is marketing more than any moral stance about R ‘paying your way’..pure non-sense.”
Wake up. The Senate – remember, Team Blue – voted to block Biden’s forgiveness program. Anyone with half a brain can see its moral bankruptcy.
From your garbage political megaphone:
https://www.cnn.com/2023/06/01/politics/student-loan-forgiveness-biden-senate-vote/index.html
Crushed: Reckless Fed policies led to over inflated house prices. Now rates are high, and supply is low, as many don’t want to give up low rates. Those who are selling are still getting high prices, due to continuing low supply, whether they can afford those prices or not is debatable; being qualified and affording are two different things. Plus , I would think there are some who are expecting interest rates to decline again, and they can then refinance.
FedEx Pilots’ Union Approves Tentative Pact With 30% Pay Raise
But… but… “Greedflation”
https://twitter.com/zerohedge/status/1668381948761317377?s=46&t=0eaRjeKWHSIY8WCyPT4KMg
What’s 30% on 300k?! Tell your kids to be a pilot.
ETH and BTC holding their own because they are not crypto. Why I own ETH as my only other investment at the bottom along with DNA.
I personally like ETH over BTC, but they are really different things.
C’mon left. R sponsored bill and it was the gumball Senators (blue middle with red shell covering it), Tester (MT) and Manchin (WV) who voted for it to pass. That was not the D bill.
Once again, Gen X the most frugal of all generations
https://twitter.com/zerohedge/status/1668423872436228099?s=46&t=0eaRjeKWHSIY8WCyPT4KMg
Left, Lib – You guys were looking at car prices. I just checked with my broker for June deals (need a new car August) and the spreadsheet is linked below. You may find it interesting. Leasehackr has multiple car brokers servicing this area all looking for your business.
h**ps://docs.google.com/spreadsheets/d/1vLMJ5K1Lq9bxMwhUY2B41SK4N96FYMBxIlHlEctbnUc/edit#gid=0
“C’mon left. R sponsored bill and it was the gumball Senators (blue middle with red shell covering it), Tester (MT) and Manchin (WV) who voted for it to pass. That was not the D bill.”
Uhm….aren’t you proving my point?
Then the Ds – who control the chamber – should have put their own bill forward to SUPPORT Biden’s forgiveness, no?
Bottom line, a bill shutting down Biden’s forgiveness came out of the D controlled Senate…because it’s total foolishness.
I’ve used leasehacker….like them a lot. Even just for their plug and play model.
So what’s the deal on Volvos? Seem to have disappeared….all the purple haired birkenstocked grey hair lesbians moved to Subaru it seems as did recent liberal grads.
They reliable? How costly repairs? BMW, MB territory or closer to domestic?