Category Archives: New Jersey Real Estate

NJ a bit more unequal

Posted on March 17, 2019 by grim

From the Star Ledger: The gap between rich and poor in N.J. keeps getting bigger. See how bad it is in your town. New Jersey is becoming a more unequal place to live. Over the past five years, the gap … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 89 Comments

Our own little Disney

Posted on March 11, 2019 by grim

From the Star Ledger: Inside the N.J. town where retail spending beats Hollywood and tourism rivals Disney Name any brand, and it probably has at least one location in Paramus — some have two or three. At a time when … Continue reading →

Posted in Economics, New Development, New Jersey Real Estate | 50 Comments

Minimum wages up – Property taxes up

Posted on March 5, 2019 by grim

Oh, you’ll find a way. From NJTV: How will NJ’s new $15 minimum wage affect local governments? Middletown has a population of 66,000. The Monmouth County city has horse farms, the beach and Big Mike’s Little Red Store. Middletown Mayor … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate, Politics, Property Taxes | 70 Comments

Single women second largest group of homebuyers

Posted on March 4, 2019 by grim

From the Press of Atlantic City: In New Jersey, more single women are buying homes. Here’s why Angela Cottrill likes having control over the place where she lives. The single hairstylist wanted the investment of owning a condo, so she … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 38 Comments

Did we elect the wrong guy?

Posted on February 24, 2019 by grim

From the Star Ledger: Steve Sweeney’s winning the war with Governor Murphy over taxes Last June we had a fight on taxes in the state budget. On one side was Gov. Phil Murphy. He wanted to raise the income tax … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics | 21 Comments

Thank Trump for fixing NJ’s property tax issue

Posted on February 19, 2019 by grim

From CNBC: One surprising way to beat the SALT deduction cap: Move to a nearby town A few years ago Dawn Donaghy and her husband, Raymond, made a decision that many residents in high-tax states make. They wanted to move. … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 112 Comments

Stop making sense

Posted on February 18, 2019 by grim

From the APP: Making NJ competitive will do more than $15 minimum wage New Jersey routinely places at or near the bottom in almost every economic analysis of states in America. It’s one of the worst places in the country … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, Politics | 21 Comments

Uh oh.

Posted on February 15, 2019 by grim

From the Star Ledger: N.J. revenues continue to slump, and Trump tax reforms are blamed New Jersey’s state budget is really feeling the effects of the federal tax reform hangover now. Last month, Gov. Phil Murphy’s administration warned tax revenues were … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate, Politics, Property Taxes | 105 Comments

Thank goodness Cuomo’s our governor … wait

Posted on February 12, 2019 by grim

From Newsday: Cuomo to meet with Trump to seek end of cap on SALT deductibility Gov. Andrew M. Cuomo said he is scheduled to meet with President Donald Trump on Tuesday to press his effort to overhaul Trump’s tax plan, which … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 109 Comments

See ya!

Posted on February 5, 2019 by grim

From the NY Post: As revenue drops, concern about the proposed state budget rises Gov. Andrew M. Cuomo on Monday announced a dramatic drop in state income tax revenue of $2.8 billion, which he says will prompt him to revise his 2019-20 budget … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, NYC | 159 Comments

$15 here we come

Posted on February 1, 2019 by grim

From the Star Ledger: N.J. minimum wage set to rise to $10 in July and $15 by 2024 after big votes The Democrat-controlled state Legislature on Thursday gave approval to an historic increase in New Jersey’s minimum wage to $15 … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics | 73 Comments

Anywhere but here

Posted on January 27, 2019 by grim

From the Real Deal: Why millionaires are fleeing NYC and New Jersey Volatile financial markets are leading high net worth individuals to leave New York and New Jersey in droves. Last year, the region encompassing New York City, Jersey City … Continue reading →

Posted in Economics, New Jersey Real Estate, NYC, Unrest | 4 Comments

NJ labor force shrinking

Posted on January 22, 2019 by grim

From ROINJ: GSI analysis: 2018 jobs report shows N.J.’s lost steam, economy falling behind Garden State Initiative has released an analysis of New Jersey’s monthly jobs report for December 2018, and in it said the economy is not moving forward … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 60 Comments

NJ nears $15

Posted on January 17, 2019 by grim

From the Star Ledger: N.J. minimum wage to rise to $15 an hour as Murphy, top Dems strike deal New Jersey’s Democratic governor and lawmakers have reached a highly anticipated agreement to raise New Jersey’s minimum wage to $15 an … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 88 Comments

Need to raise the taxes

Posted on January 15, 2019 by grim

From the Star Ledger: N.J.’s tax revenues are falling short of Murphy administration target Midway through the fiscal year, New Jersey’s income tax collections have fallen off track, Gov. Phil Murphy’s administration reported on Monday. Revenues for the fiscal year … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics | 128 Comments