Category Archives: Politics

NJ – The Independent State

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…

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?

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!

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

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

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?

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

Oh that’s a cute idea, good luck.

From NJ.com: Companies are flocking back to the U.S. Let’s get them to move here. It’s the time of year when many people make New Year’s resolutions. Some people might go on a diet, or start working out. New Jersey … Continue reading

Posted in Economics, Employment, New Jersey Real Estate, Politics | 87 Comments

Canada blocks foreigner home purchases

From CNN: Canada is banning some foreigners from buying property after home prices surged Canada in 2023 is closing its doors to foreign investors who want to purchase homes. A new Canadian law took effect January 1 that essentially bans foreign buyers … Continue reading

Posted in Politics | 62 Comments

The new inflation baseline

From the WSJ: Must Inflation Be Brought Down All the Way to 2%? “Why must inflation be around 2%?” is a question that obsessed central bankers back when inflation was stubbornly below their favorite target. It makes more sense to … Continue reading

Posted in Economics, Employment, Mortgages, Politics | 135 Comments

Mid-terms 2022!

From the Star Ledger: Everything you need to know about N.J. midterm elections Tuesday, including all House races Get ready, New Jersey. Tuesday is Election Day in the 2022 midterm elections, with all 12 of the state’s seats in the U.S. House of … Continue reading

Posted in Politics | 248 Comments

Casino in the Swamp

From Forbes: How New Jersey Will Double Down On Gambling If Casinos Come To New York City If the handful of billionaires, real estate developers and gambling companies get their way and bring a Las Vegas-style casino resort to New York … Continue reading

Posted in New Jersey Real Estate, NYC, Politics | 111 Comments

UK brings out the big guns to fight recession

From CNBC: UK government dishes out extensive tax cuts as country braces for recession The measures include: Cancellation of a planned rise in corporation tax to 25%, keeping it at 19%, the lowest rate in the G-20. A reversal in … Continue reading

Posted in Economics, Politics | 99 Comments

NJ: Want your tax break? Get back to the office.

Disregard the source, was trying to find a non-paywalled version of this article yesterday. From Florida Realtors: N.J. to Companies: Make Workers Return While companies continue to wrestle with the employee question – Should they be allowed to work remotely … Continue reading

Posted in Economics, Employment, New Jersey Real Estate, Politics | 152 Comments

Who to blame?

From Vice: Good News: Economy Sucks, You’re Screwed, and It’s All Your Fault, Economists Say Good news everyone: wage increases are slowing, raises are getting smaller, layoffs are beginning to happen, and inflation is all your fault. And you should … Continue reading

Posted in Demographics, Economics, Employment, Politics | 46 Comments