Author Archives: grim

Median list price hits record high

Posted on March 5, 2022 by grim

From the Star Ledger: How much does it cost to own a home in the U.S.? Home prices across the United States have hit an all-time high, meaning more Americans are losing their buying power and fewer Americans are able … Continue reading →

Posted in National Real Estate, New Jersey Real Estate | 189 Comments

Cheaper to live in NJ? Yeah, right.

Posted on March 4, 2022 by grim

From the Star Ledger: Murphy unveils plan for big property tax rebates to nearly 2M N.J. households Gov. Phil Murphy announced Thursday his administration will extend property tax relief to about 1.8 million New Jersey households by replacing the state’s Homestead Benefit … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 100 Comments

Ukraine Day 7

Posted on March 3, 2022 by grim

Another message from Alex in Kyiv (who is a friend from the international distilling community btw): Some news for today, the 7th day of the war. We have our pilot heroes. One of them was nicknamed “The Ghost of Kyiv”. … Continue reading →

Posted in General | 105 Comments

From a friend in Kyiv

Posted on March 2, 2022 by grim

God Speed Alex! ————– Thanks for your support! We now have air raid sirens, but we are already used to this sound 🙂 Bucha, Kyiv Oblast last night This is a “wild horde” … like Batu Khan in 1200 in Ukrainian … Continue reading →

Posted in General | 171 Comments

Lowball! $68 million dollar edition

Posted on March 1, 2022 by grim

From ROINJ: State’s highest-price house, a mansion in Alpine, finally sells (for $27.5 million) – Slideshow Imagine buying a house for $27.5 million – the highest price paid for a house in New Jersey in years, if not decades – … Continue reading →

Posted in General | 210 Comments

Time to serve

Posted on February 27, 2022 by grim

From NJ1015: Get back to work! NJ lawmakers call for all Motor Vehicle offices to reopenLawmakers are trying to force the Motor Vehicle Commission to fully reopen. State Sen. Kristin Corrado, R-Passaic, said the reason for her proposed legislation is … Continue reading →

Posted in Economics, Employment, Politics | 223 Comments

Isn’t this the American Dream?

Posted on February 25, 2022 by grim

From Yahoo Finance: New Jersey’s American Dream Megamall Is Once Again Sinking in Debt Since its groundbreaking nearly two decades ago, the megamall built in New Jersey’s Meadowlands has done little except hemorrhage cash. Now, less than two years after … Continue reading →

Posted in Economics, Employment, New Development, New Jersey Real Estate, Risky Lending | 326 Comments

Welcome Back

Posted on February 23, 2022 by grim

From CNN: Home prices skyrocketed last year. Two regions saw the biggest increases Home prices rose 18.8% in 2021, according to the S&P CoreLogic Case-Shiller US National Home Price Index, the biggest increase in 34 years of data and substantially … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 218 Comments

Sorry New York

Posted on February 22, 2022 by grim

From Fox News: Wall Street’s hybrid work model likely to squeeze New York’s budget Wall Street’s hybrid work week is here to stay and the economic implications on New York City and New York State’s budgets could prove to be devastating. Some of Wall Street’s … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 82 Comments

NJ’s No-Stop Centers

Posted on February 20, 2022 by grim

From NJ1015: NJ lawmakers want to force Murphy administration to open unemployment offices Lawmakers will be introducing legislation to force the Murphy administration to open the Department of Labor’s One-Stop Career Center offices as soon as March 1 to resolve outstanding … Continue reading →

Posted in Economics, Employment, Politics | 62 Comments

Why does NJ think it’s even part of the conversation?

Posted on February 18, 2022 by grim

From NJBIZ: NJ rolls out roadmap for 21st century ‘future of work’ State officials on Feb. 17 published a long-awaited slate of recommendations laying out how the New Jersey workforce of the 21st century needs to change in the decades … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 135 Comments

Electrify the USPS? Might be the dumbest option.

Posted on February 17, 2022 by grim

If we want to reduce the carbon footprint and resource consumption of the USPS, ban junk mail instead. It’s that simple. We could probably cut the USPS fossil fuel consumption in half, at NO cost to the taxpayer. Why bother … Continue reading →

Posted in General | 141 Comments

Huh?

Posted on February 16, 2022 by grim

From the AP: Biden has long-term inflation plan, but voter patience short President Joe Biden came into office with a plan to fix inflation — just not the particular inflationary problem that the country now faces.  His belief is that … Continue reading →

Posted in Demographics, Economics, National Real Estate | 116 Comments

Up Up Up

Posted on February 15, 2022 by grim

From the APP: NJ inflation: Energy, furniture, food soar, and retirees may need jobs to pay for it As Valentine’s Day approached, Lou Smith, the owner of Blend on Main in Manasquan, last week found the wholesale price of a 2-pound … Continue reading →

Posted in Economics, New Jersey Real Estate, Where's the Beef? | 90 Comments

Housing survived the pandemic too

Posted on February 14, 2022 by grim

From Mortgage News Daily: MBA Says Delinquencies Fall Below Historic Levels For the second time this week a major report on loan performance has confirmed that homeowners are recovering rapidly from the pandemic. The National Delinquency Survey from the Mortgage Bankers Association … Continue reading →

Posted in Demographics, Economics, Employment, Mortgages, National Real Estate | 117 Comments