Category Archives: New Jersey Real Estate

Give NJ even more money?

Posted on December 20, 2017 by grim

From NJBIZ: New Jerseyans need to prepay real estate, local taxes before year’s end, say accountants New tax reform laws could spur New Jerseyans – retirees in particular – to sell their homes and move into rental spaces, according to … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 170 Comments

Hey Murphy – want to stick it to Trump?

Posted on December 19, 2017 by grim

From Bloomberg: These Are the Tricks States May Use to Get Around the SALT Deduction Exploiting tax loopholes is a sport associated with rich people and their fancy accountants. State governments may have to start getting fancy, too. Republican Senate … Continue reading →

Posted in National Real Estate, New Jersey Real Estate, Politics, Property Taxes | 185 Comments

“No one gets creamed more than New Jersey from this tax bill”

Posted on December 18, 2017 by grim

From the NY Times: In One New Jersey Town, Pending Tax Changes Create Anxiety Politically speaking, Livingston is not the bluest of the suburbs surrounding New York City. But there are few places where people are feeling any more anxious … Continue reading →

Posted in Economics, National Real Estate, New Jersey Real Estate, Politics | 126 Comments

Do or die time

Posted on December 15, 2017 by grim

From NJBIZ: NJ’s challenged suburban economy is now in crisis courtesy of Congress New Jersey is the most suburban state in the nation, which means plenty of malls and office parks. Not too long ago these properties helped make New … Continue reading →

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate, Property Taxes | 107 Comments

NY Mortgages Worse Than NJ

Posted on December 13, 2017 by grim

From CoreLogic’s December Loan Performance Insights: NY has finally taken the overtaken NJ in mortgage delinquency stats, something I’ve been talking about for months. This is primarily being driven by distressed loan performance improving in NJ, and not delinquencies growing … Continue reading →

Posted in Demographics, Economics, Mortgages, New Jersey Real Estate, Risky Lending | 76 Comments

Silly Valley

Posted on December 12, 2017 by grim

From the Star Ledger: Assembly speaker-elect: We can make N.J. the new Silicon Valley They all came from the same place — the transistors that powered radio to the digital cellular that powers our smartphones, fiber optics to LCD technology, … Continue reading →

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 104 Comments

On the bright side, it’ll be so affordable nobody will want to leave

Posted on December 11, 2017 by grim

From the Philly Inquirer: ‘It’s going to make it more expensive to live here’: Why N.J., Pa. might face housing blow under GOP tax bill Usually, Tom Bracken said, he would do cartwheels over a plan to cut corporate taxes. … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, Philly, Politics | 95 Comments

Sorry about your home prices

Posted on December 5, 2017 by grim

From the NY Times: How New Yorkers Would Lose Under the Republican Tax Bill The tax bill approved by the Senate is many things, offering a huge tax cut for corporations, lower rates for the wealthy, and a big victory … Continue reading →

Posted in New Jersey Real Estate, NYC, Politics | 265 Comments

MacArthur a hero for NJ, or not?

Posted on December 4, 2017 by grim

From the Washington Post: The GOP’s $10,000 cap on property tax deductions and how it affects one congressional district “According to data direct from the IRS, allowing property tax deductions up to $10,000 — which I fought for and won … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 141 Comments

Otteau Report November

Posted on December 1, 2017 by grim

From Otteau Group: MarketNEWS November Edition After home sales were basically unchanged during the month of September, New Jersey experienced a 9% increase in purchase contracts in October. Considering the 4% increase one year ago in October of 2016, home … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 217 Comments

One step closer

Posted on November 30, 2017 by grim

From CNBC: Senate GOP clears another hurdle on the way to tax reform vote The Senate moved Wednesday to start debate on the Republican tax bill, a key step toward a vote this week to dramatically change the American tax … Continue reading →

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

If not the Millionaires, then who? (Hint, You.)

Posted on November 26, 2017 by grim

From the Star Ledger: N.J.’s millionaires’ tax hike is losing support By now, anyone paying attention can see that Republicans in Washington are out to screw New Jersey. We would pay higher taxes under their plan, even though we already … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, Politics, Property Taxes | 25 Comments

Light Reading for Thanksgiving Morning

Posted on November 23, 2017 by grim

From ROI-NJ: Smart Growth coalition offers Murphy blueprint for economy For all the talk of attracting companies, the fact remains that the state has a land supply problem, especially in Northern New Jersey. Consider this: If a manufacturer wanted to … Continue reading →

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate, Politics | 26 Comments

Why fight it? Go with the flow.

Posted on November 22, 2017 by grim

From the Record: Minimum wage for Bergen County workers is now $15 an hour Bergen County Executive Jim Tedesco gave thanks for county workers on Tuesday when he signed an executive order that raises the minimum wage for full-time employees … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 86 Comments

$15 in 3 years?

Posted on November 21, 2017 by grim

From the Star Ledger: What Murphy just said about N.J. minimum wage hike, millionaire’s tax In their first public appearance together, Gov.-elect Phil Murphy and his fellow Democrats who lead the New Jersey Legislature promised Monday to gradually hike the … Continue reading →

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