Category Archives: Politics

Senate says “F*ck You New Jersey” and proceeds to piss all over us

Posted on November 10, 2017 by grim

From the Star Ledger: Senate GOP bill delivers bigger blow to N.J. by killing your entire property tax break The entire federal deduction for state and local taxes — an important tax break for New Jersey residents — would end … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 159 Comments

An outsider gets his chance

Posted on November 8, 2017 by grim

From Politico: Murphy defeats Guadagno to become New Jersey’s next governor Democrat Phil Murphy, a millionaire former Goldman Sachs executive and U.S. ambassador to Germany who’s never held elective office, will succeed Republican Chris Christie as New Jersey’s governor after … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 152 Comments

Who would want to win?

Posted on November 7, 2017 by grim

From Fox Business: N.J. voters worry about taxes as they elect a new governor New Jersey’s voters will decide Tuesday who will take over running the state from outgoing Republican Gov. Chris Christie, who, after two terms in office, is … Continue reading →

Posted in Politics | 181 Comments

Selling the tax plan through small business

Posted on November 6, 2017 by grim

From the Star Ledger: Why a Trump Cabinet official made a weekend trip to N.J. U.S. Small Business Administrator Linda McMahon discussed the Republican tax cut plan on a trip to New Jersey on Saturday as supporters touted the proposal … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate, Politics | 89 Comments

How will the housing market react?

Posted on November 4, 2017 by grim

From Forbes: What The Republican Tax Bill Means For The Value Of Your Home House Republicans released their long awaited tax bill Thursday. The proposal is a long way from becoming the law of the land, but the draft contains … Continue reading →

Posted in Mortgages, National Real Estate, Politics, Property Taxes | 43 Comments

The push for $12,500.

Posted on November 3, 2017 by grim

From the Washington Examiner: New Jersey Rep. Tom MacArthur wants cap on property tax deduction lifted in tax bill A key Republican lawmaker said Thursday that he wants to lift the new tax bill’s cap on property tax deductions, a … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 106 Comments

Home Builders turn against tax plan

Posted on October 30, 2017 by grim

From the Washington Post: Home builders raise a hammer, try to smash the GOP tax bill The Republican effort to overhaul the tax code suffered a bruising setback over the weekend when a powerful corporate interest group came out against … Continue reading →

Posted in New Development, New Jersey Real Estate, Politics, Property Taxes | 139 Comments

NJ’s MacArthur throws down the gauntlet

Posted on October 25, 2017 by grim

From CNN: Republican group threatens to block budget over tax deduction fight Threatening the GOP’s top priority of passing major tax reform, Republican Rep. Tom MacArthur warned Tuesday night that so many House Republicans are frustrated with plans to nix … Continue reading →

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

Will big $$ make NJ more appealing?

Posted on October 17, 2017 by grim

From Bloomberg: Christie Backs Newark’s Amazon Bid With $7 Billion in Tax Breaks New Jersey Governor Chris Christie is seeking to deploy $7 billion in potential tax credits to lure Amazon.com Inc.’s planned second headquarters to Newark, which has been … Continue reading →

Posted in Economics, New Development, New Jersey Real Estate, Politics | 188 Comments

Why Trump’s tax plan will make housing even more unaffordable

Posted on October 13, 2017 by grim

There appears to be some thought that home prices on the coasts are elevated or subsidized through the use of the Mortgage Interest deduction (MID) and State and Local Tax (SaLT) deductions. These two deductions, either alone or together, artificially … Continue reading →

Posted in Economics, National Real Estate, Politics, Property Taxes | 125 Comments

Where will Trump’s tax policy hurt most in NJ

Posted on October 6, 2017 by grim

From NJ Spotlight: INTERACTIVE MAP: TRACKING SALT DEDUCTIONS ACROSS THE STATE The loss of the federal income tax deduction for state and local taxes paid would mean a loss of about $21,500 in write-offs for the average New Jersey taxpayer. … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 121 Comments

F*ck You New York Times

Posted on October 3, 2017 by grim

From the NYT: Jared Kushner’s Entitlement Is New Jersey Born and Bred Lots of explanations have been put forward as to why Mr. Kushner seems to operate as though the rules don’t apply to him. Perhaps there’s one more factor … Continue reading →

Posted in New Jersey Real Estate, Politics, Unrest | 239 Comments

A manufacturing mecca again?

Posted on October 2, 2017 by grim

From the Star Ledger: How manufacturing jobs will come back to N.J. Is New Jersey’s manufacturing era forever behind us? Are the days when ceramics, glove molds, sinks and legendary Lenox china poured out of Trenton’s factories gone for good? … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate, Politics | 110 Comments

NJ’s “middle class” about to be slaughtered

Posted on September 29, 2017 by grim

From the APP: Trump tax plan kills key deductions, wallops NJ homeowners New Jersey taxpayers would lose key deductions under a proposal unveiled this week by President Donald Trump: property taxes and state income taxes, experts said. The tax reform … Continue reading →

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

Want to live in a spy house?

Posted on July 27, 2017 by grim

From the Record: Russian spy home in Montclair to be sold and renovated Marquette Road is a quiet, sleepy block in the northern part of Montclair near the town’s border with Clifton. The kind of block where Russian spies could … Continue reading →

Posted in New Development, New Jersey Real Estate, Politics | 51 Comments