From Newsweek:
New Jersey Housing Market Could Be Disrupted by Zohran Mamdani
The New Jersey and surrounding housing markets could be impacted by the potential election of New York City mayoral candidate Zohran Mamdani.
Mamdani’s policies largely aim to break from establishment norms as a democratic socialist, and specific proposals could lead to real estate disruption.
…
The New Jersey and surrounding housing markets could be impacted by the potential election of New York City mayoral candidate Zohran Mamdani.
Mamdani’s policies largely aim to break from establishment norms as a democratic socialist, and specific proposals could lead to real estate disruption.
Mamdani’s policy proposals include adding a flat 2 percent tax to New Yorkers who earn above $1 million. He’s also suggested a rent freeze on rent-stabilized apartments and major public housing construction alongside tougher standards for landlords.
Since New York City is a top luxury real estate market, these slew of changes could push some buyers outside of the city, making other markets more expensive as a result.
…
In the third quarter of 2025, the top cities for New York City residents looking to move to—but stay within the metro area—were Toms River, NJ; Yonkers, NY; Brick, NJ; Freehold, NJ; and Jersey City, NJ, according to Realtor.com.
Meanwhile, the top out-of-metro cities New Yorkers consider moving to are Philadelphia, Pittsburgh, Orlando, Myrtle Beach, and Naples, Florida.
“The increasing demand for homes in these markets is likely to put upward pressure on home prices,” Realtor.com senior economist Jiayi Xu told Newsweek. “Markets in New Jersey may see the largest impact, as four of the top nearby cities viewed by New Yorkers are located in New Jersey.”
1
That giant sucking sound you‘ll be hearing is coming from all the people with money running for the exit door from New York City. If Mamdani actually wins things are going to get very interesting.
Crack crack crack crack…
https://www.linkedin.com/posts/edwardshugrue3_getting-mauled-rarely-do-aaa-cmbs-bonds-activity-7384970596591304704-7TnN/
arely do AAA CMBS bonds absorb losses.
Indeed, according to FitchRatings: “AAA ratings denote the lowest expectation of default risk. They are assigned only in cases of exceptionally strong capacity for payment of financial commitments. This capacity is highly unlikely to be adversely affected by foreseeable events.”
Scratch that for outdated malls and office buildings post pandemic.
This week, the resolution of the Palisades Center 2.2 million square foot enclosed regional mall ($418.5MM | PCT 2016-PLSD & JPMDB 2016-C2) located less than an hour north of New York City in West Nyack, New York was announced with wipe outs of all CMBS bond classes and less than a 70% recovery for the most senior AAA class ($157 million of an original $229 million).
Will these losses turn into the new owner’s gain?
A reimagined vision, capital and time will answer that question.
This loan has been in Special Servicing since 2022.
Bond investors secured by outdated and/or poorly located office and mall assets, even at the AAA level, should be revisiting their recovery expectations.
Caveat emptor.
In the third quarter of 2025, the top cities for New York City residents looking to move to—but stay within the metro area—were Toms River, NJ; Yonkers, NY; Brick, NJ; Freehold, NJ; and Jersey City, NJ, according to Realtor.com.
Toms River and Brick? Hello.
Since New York City is a top luxury real estate market, these slew of changes could push some buyers outside of the city, making other markets more expensive as a result.
My asking price just increased by 200K. Come on, Mundonni!! Woo Hoo!
The filming of “Escape From New York II” is going to include a lot of raw footage.
Toms River and Brick-
Old people developments and homes around the bay / shore. Toms River and Brick both have areas that extend out to the Lavallette area.
Have quite a few members at my golf club that used to live up north and have moved to Ocean County permanently instead of just for the summer.
Hughesrep,
I know Toms River and Brick in my sleep. Anything south of I-195 and not a beach area is basically Indiana with scrub pines.
NJ should do the same as Mamdani, in fact, make it 10 percent.
Then maybe some of the traffic here will finally go away.
Usually when you see odd place names called out like that, it’s because that’s a statistical area designated by census, BLS, etc. Though, that’s not the case here.
https://en.wikipedia.org/wiki/New_Jersey_statistical_areas
Maybe all of those NY’ers will head to Miami and cause the water table to drop so much the tap becomes salty.
Toms River and to a lesser degree (for now) Brick have also had a huge influx of Hasidics from Brooklyn.
Lots of dented black minivans.
Yep, all those New Yorkers will move to Oklahoma, Mississippi, Tennessee and Louisiana.
Same way that all NJ rightwingers will never do.
Hypocrisy of maga that much prefers to die in Germany than moving to the south.
Maybe Very Nimble Anus can move to NYC to live in socialist utopia.
The article shouldn’t use the overused term “disrupted”.
Some may leave the tri-state area entirely if things get bad enough.
Ten 399
Lots of Hasids in Rockland Co too. Started in Spring Valley and moved from there. Chestnut Ridge which split from Spring Valley back in the 1960s is now also Hasidic. They are building a big Hasidic school / community center housing on the Chestnut Ridge Montvale border.
Apparently if Sliwa drops out , Cuomo can win. Sliwa says he won’t, so Momdani will win. I guess NY ers forgot about the Di Blasio years, and now they are going all in for Democratic Socialism.
Election is heating up and the Democrats in NJ are worried.
They are bringing the big guns out. Obama is coming…Obama is coming…
3b – It’s their turn…. There are a million people of the muslim faith now living in NYC.
Our Senator doing his best……why does this clown keep getting re-elected?
https://x.com/MAGAVoice/status/1981086280432963940
Lakewood/Northwest Toms River/East Jackson looks like a Hasidic Paramus.
Entire roads being reengineered and upgraded. Fields filled in with McMansion equivalent apartment buildings. Lots of crosswalks on high speed roads. Streets with no signs in English.
Ciattarelli is going to dominate. It might tip the scale.
There are a lot of Ciattarelli signs around here in Wayne, but we skew Republican for sure.
Why do people say Chita-relli?
Isn’t it Chiata-relli?
Jack has secured the Hasidic vote in Ocean County. Last time it went to Murphy.
Jack has secured the Hasidic vote in Ocean County.
How exactly does one do this?
I propose that flags be flown in towns where a majority of people have a certain background.
This should make everything clearer.
Got a mostly Korean community, hang a Korean Flag. Italians the big group, up with an Italian flag.
This way, we know what your “angle” is.
U get the idea.
Jewish Dilemma
50% off sale on ham
re: “How exactly does one do this?”
They keep a watchful eye on the candidates. Sherrill has not passed the smell test, which is unwavering support.
https://jewishlink.news/rep-mikie-sherrill-is-failing-the-test-on-israel-and-antisemitism/
Isn’t it Chiata-relli?
Yes, it is. Only Italians/Italian-Americans know the pronunciation.
And you. lol.
They are bringing the big guns out. Obama is coming…Obama is coming…
Obamma is more like a spit ball straw.
The migration of the Brooklyn Sephardic community has certainly changed the Monmouth County shore towns of Deal, Allenhurst and Ocean Township. They want to take over entire towns as they don’t like to mingle with others.
Is this a good thing or a bad thing? Is it Pro American or not Pro American?
The migration of the Brooklyn Sephardic community has certainly changed the Monmouth County shore towns of Deal, Allenhurst and Ocean Township. They want to take over entire towns as they don’t like to mingle with others.
Juice: True, times change, as for it being their turn, whether Hasidic or Muslim, that is fine, but the problem is there are some who don’t want anything to do with other Americans, and that is a problem going forward. We are seeing it in Europe.
Apparently if Sliwa drops out , Cuomo can win. Sliwa says he won’t, so Momdani will win.
Good response from Sliwa on that:
https://x.com/NateFriedman97/status/1979548209895653464
Chestnut Ridge which split from Spring Valley back in the 1960s is now also Hasidic.
I grew up in Chestnut Ridge. The split from Spring Valley came in the late 70’s, as I recall.
I remember people saying that property values would go up after the split; it basically turned the white half of Spring Valley into Chestnut Ridge.
How so? Sliwa is the Republican candidate on the ballot, do they expect the Republicans to vote for Cuomo?
When Sliwa ran against Adams in 2021 he got 312,385 votes to 753,801 for Adams. Perhaps Cuomo should drop out and tell his voters to vote for Sliwa…
Perhaps, the Dems should just let their votes count, for a change.
OC1 – Everything south of New City has been marked for assimilation.
Resistance is futile.
https://eiruvofmonsey.org/
BTW to make it even more messed up. Check out the ballot for NYC Mayor.
Mamdani and Sliwa are listed twice.. and Cuomo is down on the bottom….
https://www.fox5ny.com/election/nycs-ballot-2025-election-explained
Big NBA gambling bust. La Cosa Nostra involved, NBA coaches and players, high tech shit used to bilk millions. Like, wow.
Making America Great Again.
Be thankful to have a turkey to carve:
With Turkey Prices Up 40%, These Retailers Offer $4 Thanksgiving Meals.
Otoh, enjoy your normal priced eggs.
Every group of people have their gig. Guess you weren’t part of this one.
White Trash Eddie says:
October 23, 2025 at 11:08 am
Big NBA gambling bust. La Cosa Nostra involved, NBA coaches and players, high tech shit used to bilk millions. Like, wow.
America is one big crime syndicate.
We have already seen the legal system is non functional.
We now see that the goverment doesn’t believe in the paper that contains the code it’s supposed to operate on.
All bets are off. It’s a free for all. No laws, no rules, no country.
Pick your flag, join your group, prepare for battle.
Oc1: As I understand it, the split of Chestnut ridge from Spring Valley was to get away from the poverty etc in the town, and increase property values as you said. It is a Hasidic community now, and that is where they are building the school/community, housing complex.
Mamdani and Sliwa are listed twice.. and Cuomo is down on the bottom….
Maybe it’s ranked by age.
Cuomo is 82 years old already.
What is America’s obsession with having senior citizens run it’s government?
3b
If Americans would stick together like the Hasidics, maybe we could build something too.
Divide and Conquer. The handlers have completed task one. Task 2 is in full operation.
Nice Job Edward Bernays. To this day your tactics are still effective, now amplified through social media.
For those who like to ride:
https://www.reddit.com/r/WTF/comments/1odspex/wtf/
I saw an interesting news on Sweden this morning. They took in 160,000 migrants in 2015. There is a proposal due to rising crime, to deport any migrant that spends only one day in jail. Pretty tough.
re: “maybe we could build something too.”
What do they build? I am flummoxed to come up with anything.
Chad – They are paying them to leave on their own…$34,000.
I gather some took it and went to Germany?
3b-
Do you know where they are building it? In google maps the satellite image shows a big construction site along Schoolhouse Road.
That’s only a few hundred feet from my old house. Used to play in the woods there as a kid.
Dark: Americans are too busy fighting over stupid stuff, and that’s on both sides. And both parties long ago stopped caring about the American people, the everyday people that get up everyday do their job, and take care of their families, and make the place a little better.
Oc1: I will have to ask my Wife again, as she works in the area. It is on the Chestnut Ridge Montvale border, if that is nay help.
Lakewood pretty much votes in lockstep. The Vaad tells them who to vote for. I’m sure they get something out of it..I’d guess unchecked development and hands off what they do to schools. Started with Christie.
Sports betting on your phone, especially the prop bets are completely out of control. Way too easy to be manipulated. Casinos don’t like to lose money.
Juice: The belief is that if Sliwa drops out, those votes will go to Cuomo, as they would rather him than Mondami.
3b – if he is good for 300,000 votes that is probably more than Cuomo….
I love Sliwa but he needs to drop out to give Cuomo a shot. Neither one will so NYC becomes “I am Legend.”
Juice: Hakeem is like ,many of today’s Democrats who appears to care more about other things then they do the American people. They have no message, no program, no ideas for the American people to rally around and support. They need to have more to offer the American people than they obsession with Trump, but they don’t.
Juice: If Sliwa wants to stay in, then good for him. His supporters have the right to vote for him. If NY ers want Momdani, then they can have him. Looks like this is how it is now going forward vote for one bad candidate over another, because they are not as bad as the other one. That was the strategy of the Democrats with Harris. And, I think she still thinks she has a shot o running again in 2028. Delusional, but she has not gone away.
Thom Tillis on Trump’s ask for $230M to DOJ to pay his legal bills:
“Particularly right now, we’re talking about a quarter of a billion dollars transferring, maybe to the president when we’re in a shutdown posture. It’s at very best bad timing, but I think it’s horrible optics.”
This is what kleptocracy looks like.
In 2025, Donald Trump has received:
$3 billion: mostly from crypto
$940 million: law firms
$400 million plane: Qatar
$36 million: CBS
$25 million: Meta
$24 million: YouTube
$16 million: ABC
$10 million: X
Now $230 million from DOJ?
– Bernie Sanders
Wow, the democrats are now outwardly admitting they’re not passing the budget bill hoping it will hurt Trump. They’re even going as far as saying they know it’ll hurt Americans but that this bill is the only “leverage” they have. Wow!!
Horrific level of corruption.
Nigerians would be embarrassed
Zohran Mamdani just walked onto that debate stage and did what most Democrats have been too scared to do, call Trump’s agenda what it is: authoritarian by design.
He broke it down like a prosecutor:
Trump ran on mass deportations, revenge politics, and a fake promise to lower costs. Two out of three were never about helping anyone, they were about control.
And Mamdani didn’t flinch. He basically said: If Trump wants to talk policy, fine. But if he comes for New Yorkers with that fascist playbook, I’ll meet him on the battlefield every step of the way.
Oh tough words from Mamdani, the man child who has never worked a day in his life. He is not meeting anyone on a battlefield. He is just a little shit.
Trump or Mandami?
Agreed
VSG says:
October 23, 2025 at 12:24 pm
This is what kleptocracy looks like.
In 2025, Donald Trump has received:
$3 billion: mostly from crypto
$940 million: law firms
$400 million plane: Qatar
$36 million: CBS
$25 million: Meta
$24 million: YouTube
$16 million: ABC
$10 million: X
Now $230 million from DOJ?
– Bernie Sanders
“…,i vOteD fOr tHis …”
Retards Everywhere
It’s the art of the deal.
The art of the steal
Libturd says:
October 23, 2025 at 1:13 pm
It’s the art of the deal.
VSG – Again with the lies?
Other than the crypto what did Trump get?
$940 million: law firms – Nope it’s for pro bono legal services for the government for Assisting veterans and law enforcement officers, Combating antisemitism and Ensuring “fairness in the justice system.”
$400 million plane: Qatar – Nope plane went to the US Airforce and is expected to be donated to the Presidential Library Foundation..
$36 million from CBS – NOpe again It’s 16 million and it’s going to the same Presidential Library Foundation.
$25 million: Meta – Nope Presidential Library Foundation
$24 million: YouTube – Nope Presidential Library Foundation
$16 million: ABC – Nope Presidential Library Foundation
$10 million: X – Nope Presidential Library Foundation
Just saw this from Switzerland. Refugees are longer allowed to travel outside of the
Switzerland. Exceptions granted on a case by case basis (parents dying?). It is crazy over here when someone is in a refugee status, getting benefits, but returns to their home country for vacation. The country where they are supposedly in some type of danger. I think the tax payers in Europe are getting frustrated with the gaming of their system by the 3rd world.
Same way my taxes pay for Communist Universal Healthcare for the 65 and older.
As refugee living off the German taxpayer, you could return to NJ and enroll in Medicare.
Chad Powers says:
October 23, 2025 at 2:12 pm
Just saw this from Switzerland. Refugees are longer allowed to travel outside of the
Switzerland. Exceptions granted on a case by case basis (parents dying?). It is crazy over here when someone is in a refugee status, getting benefits, but returns to their home country for vacation. The country where they are supposedly in some type of danger. I think the tax payers in Europe are getting frustrated with the gaming of their system by the 3rd world.
They should ban you for reentre into America.
Or at minimum, never allow access to any US tax funded service
VSG,
I‘m actually a high earner who pays high taxes here. The German government should give me some type of award or something. I don’t plan on entering the US anytime soon but you never know. My current US passport is valid for another nine years.
Hope you recognize it when you return.
Chad – my cousin in Ireland told me the refugees go home and then come back. Also they have travel documents and can go to most EU countries for a few months at a time and return as well with not endangering their status as refugees in Ireland.
Trump pardoned Chenpeng Zhao who has been helping to pump Trump crypto assets this year. Because Trump pretty much is a solipsist with no concern for propriety.
https://www.cnbc.com/2025/10/23/trump-pardons-binance-founder-cz-zhao.html
The Trump pardons are simply disgusting, but not surprising. I love the multiple J6 idiots who stirred up trouble the day they were released. But this is MAGA.
Juice Box,
There is regular bus service from many German cities to Kyiv (FlixBus, EuroClub, and others). There are so many Ukrainians here it is crazy and they go home to a war zone for vacation. Meanwhile they collect benefits here and many do not work or learn to speak German. It is crazy.
https://www.youtube.com/watch?v=QgEe6VjyI_I
Then there was the one who just got arrested for plotting to assassinate Hakeem Jeffries. But, they weren’t out to overturn the election results. It was just another Trump rally.
One giant tire fire of an administration. I need Tylenol just to watch the news.
Chad – Syria, Iraq, etc too.
Anecdotal.
There is an Iraqi living in the small irish village my family is from. He became a refugee during the Gulf War and has been there a long time. He married and Irish woman and is raising his family there. Whenever he walks into the Pub everyone yells Saddam! It’s quite comical..I had a nice conversation with him. His father was working on their nuke bomb program and they took the opportunity to flee when we started our invasion to oust Saddam…
Isn’t indicted „Big Tish“ James being arraigned tomorrow? Doesn‘t she have a „fugitive“ grandniece going to court as well? Oh well, I guess no one is above the law.
Hummmm…Chinese state oil giants halt seaborne Russian oil purchases over sanctions fears.
Except pedophile rapists. Apparently.
Will the sanctions work this time? Seems the Chinese think so, we may even start boarding Russia’s shadow fleet of tankers.
https://x.com/SecScottBessent/status/1981103252394353093
The United States imposed asset freezes and transaction bans on Rosneft and Lukoil on October 22, targeting Russia’s key oil revenue sources that fund the Ukraine war, while President Donald Trump canceled a planned summit with Vladimir Putin. The European Union followed on October 23 with its 19th sanctions package, banning Russian LNG imports from 2027 and restricting over 100 shadow fleet vessels. Ukrainian President Volodymyr Zelenskyy and EU leaders praised the measures for pressuring Moscow toward peace, as Russian officials condemned them and global oil prices surged over 4%.
If you don’t know who the sucker is at the table, it’s because it’s probably you.
Was that Rounders?
“X-Ray poker tables”
https://nypost.com/2025/10/23/us-news/x-ray-poker-tables-allegedly-used-by-nyc-mafia-in-nba-gambling-scandal-are-readily-available-online/
Ashley Biden said taking showers with her father as a child was probably not appropriate.
Juice: A lot of Irish people are reaching the breaking point with the refugee situation and the benefits being paid, including housing, while the government cannot provide enough housing for its young people. Also, the other day a 10 year old child was raped in Dublin by a 26 year old asylum seekers, free legal aid and an interpreter is being provided by the Irish government, The government is laying the ground work for a hard core right wing movement just like in many other European countries. Nothing happens in a vacuum.
You don’t need Tylenol. You just need to stop watching the news.
6:11 ( )( )===D
8:29 Right back at you dickweed.