Category Archives: Politics

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

Upper middle class not paying their fair share?

Posted on November 20, 2017 by grim

From Bloomberg: Should the Upper Middle Class Take the Biggest Tax Hit? Humans learn the concept of fairness at a very young age. After all, it doesn’t take long for a child to start whining about a sibling who gets … Continue reading →

Posted in Demographics, Economics, National Real Estate, Politics | 118 Comments

House Bill Passes, 1 NJ Republican Signs

Posted on November 17, 2017 by grim

From the Star Ledger: ‘Open season on N.J.’: With Trump backing, House GOP votes to cut your property tax break With the help of one New Jersey Republican, the U.S. House on Thursday passed sweeping tax legislation that would end … Continue reading →

Posted in Economics, National Real Estate, Politics, Property Taxes | 87 Comments

Look on the bright side, maybe we can afford to go to the beach again

Posted on November 14, 2017 by grim

From the Star Ledger: Ivanka in Bayville: Tax reform will be the law of unintended consequences During his brief speech, Treasury Secretary Mnuchin said that there will be winners and losers in New Jersey under the tax-reform plans. “For people … Continue reading →

Posted in National Real Estate, New Jersey Real Estate, Politics | 237 Comments

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