Category Archives: Politics

What’s worse? High cost of living or the taxes?

Posted on February 13, 2016 by grim

From the Star Ledger: Did 2M people really leave N.J. because of high taxes? More than two million people left New Jersey between 2005 and 2014, taking billions of dollars in income and economic activity with them, according to a … Continue reading →

Posted in Demographics, Economics, Employment, Politics, Property Taxes | 67 Comments

Exodus

Posted on February 8, 2016 by grim

From MyCentralJersey: Outta here! Garden State residents look to retire in greener pastures Have you noticed more moving trucks on your block recently? Well, here’s why. The recent National Movers Study released by United Van Lines pointed to New Jersey … Continue reading →

Posted in Demographics, Economics, Politics, Property Taxes | 89 Comments

Up Up and Away!

Posted on February 7, 2016 by grim

From the Star Ledger: Here’s how much property taxes went up (again) in N.J. last year The already steep property tax bill for New Jersey residents jumped again in 2015, topping $8,300 for the first time and increasing at the … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 30 Comments

State seizes AC to stall bankruptcy

Posted on January 27, 2016 by grim

From the Record: State plans to take reins of Atlantic City After years of trying to ignite an economic revival in Atlantic City — only to see four of its 12 casinos close in 2014 — Governor Christie was back … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate, Politics | 118 Comments

Not NY, but we’ll take it personally too

Posted on January 16, 2016 by grim

From the Star Ledger: Hey Ted Cruz: We’ve got your New York values, right here Ted Cruz rarely comes to New York, other than those occasional visits to Goldman Sachs, where this man of virtue drops his hat on the … Continue reading →

Posted in Politics, Unrest | 34 Comments

No more patience as AC fails to deliver

Posted on January 14, 2016 by grim

From Bloomberg: New Jersey May Seize Atlantic City as Rebound Eludes Casinos After almost five years of piecemeal efforts to fix Atlantic City, New Jersey’s distressed seaside resort faces more drastic measures: the end of its casino monopoly and a … Continue reading →

Posted in New Jersey Real Estate, Politics, Unrest | 95 Comments

We’re all Atlantic City now

Posted on January 12, 2016 by grim

From the Record: State officials working to take control of Atlantic City finances Amid the push to expand casino gambling throughout New Jersey, state officials are in fast-moving discussions to take over Atlantic City’s finances for 15 years. Sparking a … Continue reading →

Posted in New Development, Politics, Shore Real Estate | 124 Comments

“He said a lot of bad things and he walked away.” (He called AC pols “corrupt and stupid”)

Posted on January 8, 2016 by grim

From the Star Ledger: Is gambling mogul Steve Wynn interested in north Jersey casino? The leader of the state Assembly said Thursday that Steve Wynn, the famed casino mogul who owned one of the first gambling halls in Atlantic City … Continue reading →

Posted in New Development, New Jersey Real Estate, Politics | 75 Comments

Something’s fishy about the New Home Sales numbers

Posted on December 24, 2015 by grim

Housingwire cites Zerohedge? I like it. Is there more trouble hidden in November’s new home sales data? But a deeper dive into the new home sales data shows that November’s increase over October isn’t quite as promising as it appears. … Continue reading →

Posted in Economics, National Real Estate, Politics | 38 Comments

Just let Atlantic City fall into the sea

Posted on December 21, 2015 by grim

From the Record: Legislators advance competing measures to put approval of North Jersey casinos on ballot State Senate and Assembly committees each passed resolutions on Thursday designed to have voters statewide determine next fall whether to amend the state constitution … Continue reading →

Posted in New Development, North Jersey Real Estate, Politics | 78 Comments

Not the lenders responsibility, except in NJ…

Posted on December 18, 2015 by grim

Again, NJ legislators lack awareness of their own unintended consequences. From the Star Ledger: 3-year foreclosure ban for Sandy victims headed to Christie’s desk A bill aimed at keeping thousands of Hurricane Sandy victims from entering into foreclosure for three … Continue reading →

Posted in Foreclosures, Mortgages, Politics, Shore Real Estate | 81 Comments

Of course the short-sale tax forgiveness will pass…

Posted on December 14, 2015 by grim

From the WSJ: Tax Break for Home Short Sellers at Risk Last-minute negotiations in Washington have left real-estate agents and sellers nervous about the possibility that distressed homeowners could receive an unwelcome tax hit. Congress has yet to reach an … Continue reading →

Posted in Foreclosures, National Real Estate, Politics | 59 Comments

NJ floats bill to tax non-profit hospitals

Posted on December 8, 2015 by grim

From the Record: Proposed N.J. bill would mandate that some hospitals make payments to host communities Non-profit acute-care hospitals that have money-making facilities would start making payments to offset the cost of services provided by host municipalities, according to a … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 73 Comments

State ready to force reassessment of properties

Posted on November 25, 2015 by grim

From the Star Ledger: State blasts tax boards, may force N.J. towns to reassess properties Three New Jersey municipalities in Union, Hudson and Middlesex counties are under investigation by the state for stalling property reassessments for decades and could be … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 125 Comments

If high taxes mean no jobs, why has NY recovered?

Posted on November 20, 2015 by grim

From the Star Ledger: N.J. has worst business tax climate in U.S., study finds New Jersey’s high property and income taxes contribute to its standing as the nation’s least attractive tax climate for businesses, according to a Washington tax policy … Continue reading →

Posted in Housing Recovery, Politics, Property Taxes | 97 Comments