Category Archives: Politics

King Murphy

From NJ101.5: NJ’S MURPHY SIGNALS POSSIBLE WHITE HOUSE RUN With speculation intensifying that President Joe Biden will not seek a second term, Gov. Phil Murphy is raising his profile for a potential White House bid. A $2 million ad blitz … Continue reading

Posted in Politics | 127 Comments

Worth breaking something

From Bloomberg: Fed Mulls ‘Game Changer’ to Jolt Inflation: Decision Day Guide Federal Reserve Chair Jerome Powell, who’s carefully telegraphed interest rate hikes over four years, looks likely to abandon gradualism and move more forcefully to stamp out inflation along … Continue reading

Posted in Economics, Politics, Unrest | 156 Comments

Let’s get those steaks sizzling – if you can afford it

From CNBC: Consumer price inflation in May expected to run sizzling hot as energy, food and rent rose Economists expect inflation in May continued to burn white hot, with energy, food, rent and health-care costs all rising. According to Dow … Continue reading

Posted in Economics, Politics | 147 Comments

Yeah Right

From NJ1015: GOP plan for ‘once-in-a-lifetime opportunity’ to cut NJ taxes Assembly Republicans want to cut income taxes as part of the new state budget, part of a four-pronged plan for responding to an unprecedented surge in state revenues and … Continue reading

Posted in Economics, Employment, New Jersey Real Estate, Politics | 302 Comments

NJ’s new tax rebate

From Patch: $900M In Tax Relief Could Be Coming To 1.8M NJ Homeowners, Renters Nearly 1.8 million New Jersey homeowners and renters could get some money back from the state under Gov. Phil Murphy’s new property tax relief program proposed … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 127 Comments

All eyes on school budgets

From the Star Ledger: Jersey City slams $1,600 school tax hike, but education group says sides ‘need to figure how to make that work’ The Fulop administration slammed the Jersey City Board of Education for its $1,600-per-average-homeowner tax hike in … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 132 Comments

Low tax counties see cuts to school aid

From NJ1015: 6 NJ counties may see property taxes rise due to school aid cuts When Gov. Murphy announces a victory, you always have to look underneath for the real story. That’s because in a tax and spend administration like … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 137 Comments

Cheaper to live in NJ? Yeah, right.

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

Time to serve

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

NJ’s No-Stop Centers

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

So how will we spend it?

From the Record: New Jersey in line for $641 million from opioids settlement, a lifeline for treatment New Jersey is on track to receive more than $641 million as part of a nationwide opioid settlement agreement with Johnson & Johnson and … Continue reading

Posted in Politics | 280 Comments

We’ve got all the risk

From NJ1015: More than 1 in 5 high-risk U.S. housing markets are NJ counties A 2021 fourth-quarter report released by ATTOM Data Solutions shows that one-fifth of the nation’s counties most at risk for damage to their housing markets due to COVID-19’s … Continue reading

Posted in Demographics, Economics, Housing Bubble, Politics | 127 Comments

Halfway there

From MSN: House Bill Raises SALT Tax Cap; Senate Still To Vote Among the items passed by the House of Representatives Friday morning in the Build Back Better Act was an increase in the state and local tax (SALT) cap. … Continue reading

Posted in National Real Estate, Politics, Property Taxes | 66 Comments

NJ (closer to) getting SALT tax relief

From CNN: Congress passes $1.2 trillion bipartisan infrastructure bill, delivering major win for Biden Congress has passed a $1.2 trillion bipartisan infrastructure bill, delivering on a major pillar of President Joe Biden’s domestic agenda after months of internal deliberations and painstaking … Continue reading

Posted in Economics, Politics, Property Taxes | 90 Comments

Impact or not?

From the Philly Voice: U.S. housing market faces ‘shock’ from end of mortgage forbearance — but no bubble, experts say Pandemic policies have undoubtedly shaped the way the U.S. housing market has functioned throughout the health crisis, which has had … Continue reading

Posted in Economics, Mortgages, Politics, Risky Lending | 113 Comments