Category Archives: Politics

All your money are belong to us

Posted on September 24, 2023 by grim

From CNBC: These are the U.S. states with the highest property taxes—New York and California aren’t in the top 10

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 46 Comments

You’ll need to find another way to launder money

Posted on August 11, 2023 by grim

From Reuters: US set to unveil long-awaited crackdown on real estate money laundering The U.S. Treasury Department will soon propose a rule that would effectively end anonymous luxury-home purchases, closing a loophole that the agency says allows corrupt oligarchs, terrorists … Continue reading →

Posted in Housing Bubble, National Real Estate, Politics | 74 Comments

Fed presses pause

Posted on June 15, 2023 by grim

From CNN: The Fed holds rates steady, pausing its rate-hiking campaign The Federal Reserve said Wednesday it would pause its historic rate-hiking campaign as it waits for the effects to trickle further through the economy, but signaled that additional rate hikes are … Continue reading →

Posted in Economics, Employment, Mortgages, National Real Estate, Politics | 93 Comments

Filling it in

Posted on June 12, 2023 by grim

From the Jersey Journal: Jersey City considers allowing ‘cottage’ industry that could ease city’s housing dilemma Need a little extra income? Looking to move an aging relative or out-of-work college grad back home, but just don’t have the room? Jersey … Continue reading →

Posted in Economics, New Development, New Jersey Real Estate, Politics | 49 Comments

NJ Shutdown Ahead

Posted on May 30, 2023 by grim

From Insider NJ: Murphy Unlocks the Nuclear Launch Codes Skipping over the preliminaries — meetings, discussions, negotiations or compromises with legislative leaders — Gov. Phil Murphy went directly to the nuclear option— shutting down state government on July 1 if … Continue reading →

Posted in Demographics, New Jersey Real Estate, Politics, Property Taxes | 66 Comments

Hold on to your wallets…

Posted on May 18, 2023 by grim

From the NJ Monitor: State ‘well prepared’ to handle $2B dip in tax revenue, treasurer says New Jersey will collect roughly $2 billion less in taxes in the current and coming fiscal years, but the years of booming revenue will … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics | 134 Comments

Let the borrowing begin!

Posted on April 18, 2023 by grim

From the Star Ledger: N.J. credit rating gets two more upgrades from Wall Street as state coffers overflow  New Jersey’s credit rating has won two more upgrades from Wall Street’s major rating agencies, bringing the number of upgrades to three … Continue reading →

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

Reinstate Pearson and Jones

Posted on April 8, 2023 by grim

From CSPAN:

Posted in Politics | 50 Comments

NJ – The Independent State

Posted on March 16, 2023 by grim

From WalletHub: 2023’s Most & Least Federally Dependent States Rank State Total Score State Residents’ Dependency State Government’s Dependency 1 Alaska 83.18 3 2 2 West Virginia 76.02 1 9 3 Mississippi 71.31 7 5 4 Kentucky 70.95 5 10 … Continue reading →

Posted in Economics, Politics | 124 Comments

The bailout that’s not a bailout…

Posted on March 13, 2023 by grim

From CNBC: Bill Ackman says U.S. did the ‘right thing’ in protecting SVB depositors. Not everyone agrees Billionaire investor Bill Ackman said the U.S. government’s action to protect depositors after the implosion of Silicon Valley Bank is “not a bailout” and … Continue reading →

Posted in Economics, Politics, Risky Lending | 155 Comments

Billion Dollar Jersey Stimulus?

Posted on March 2, 2023 by grim

From TAP: Nearly 1.7 Million New Jerseyans Applied for the ANCHOR Property Tax Relief Program Approximately 1.7 million New Jersey homeowners and renters applied for the first year of the State’s historic ANCHOR property tax relief program, announced Governor Phil … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 43 Comments

We’re spending more … for you!

Posted on March 1, 2023 by grim

From Politico: Murphy outlines $53B plan for ‘Next New Jersey’ in budget speech Gov. Phil Murphy on Tuesday outlined a $53.1 billion budget that supports what he calls the “Next New Jersey” as the state faces the prospect of a recession after … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 65 Comments

But Murphy said we should be happy to pay

Posted on February 27, 2023 by grim

From Patch: Wyckoff Rep. Sounds Alarm On ‘Exodus’ Of Jobs, People From New Jersey Fifth District Rep. Josh Gottheimer is sounding the alarm on what he said is an “exodus” of jobs and people from New Jersey. In his State … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate, Politics | 35 Comments

You should be happy to pay NJ taxes

Posted on February 23, 2023 by grim

From Patch: NJ Has Nation’s Highest Property Taxes, By A Long Shot: Report Life in New Jersey tends to guarantee two things: death and high property taxes. The Garden State pays the nation’s highest rate on property taxes by a … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 98 Comments

Landlords making Newark unaffordable?

Posted on January 23, 2023 by grim

From Patch: Corporations Own Most Of Newark’s Homes. New Laws Are Pushing Back It wasn’t long ago that a study from the Rutgers Center on Law, Inequality and Metropolitan Equity made a startling claim about home ownership in New Jersey’s largest city: … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate, Politics | 130 Comments