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Category Archives: Politics
NJ Homes for $1
From Patch: $1 Homes For Sale In Newark; Public Lottery Will Mark Milestone Buy a house for a buck? That’s the dream that’s about to become reality for some lucky Newark families on Monday, when the city launches its first … Continue reading
Posted in Demographics, Economics, New Jersey Real Estate, Politics
64 Comments
Cheers!
From 42 Freeway: New Jersey Liquor License Overhaul Signed. Much More To It Than The Press Release So it’s clear that New Jersey lawmakers are not happy that over 1,500 full alcohol plenary licenses are sitting unused for years, which … Continue reading
Posted in Economics, New Jersey Real Estate, Politics
57 Comments
Online gaming not good for the economy?
Who could’a knew? From Gambling News: Report Argues New Jersey iGaming Has Harmed the Economy The gambling industry can provide significant economic boosts to certain areas, creating new jobs and generating millions in tax money. This argument continues to be … Continue reading
Posted in Economics, Employment, New Jersey Real Estate, Politics
17 Comments
No unintended consequences here…
From the NJ Monitor: N.J. Senate approves penalties for discriminatory real estate appraisals Senate lawmakers approved a bill Monday that would create steep penalties for real estate appraisers who undervalue homes because of the owner or buyer’s protected characteristics, with Republican critics … Continue reading
Posted in Demographics, Economics, Politics
97 Comments
Pretty sure this won’t end well, whichever way it goes
From Yahoo Finance: ‘Stay Out Of The Markets’ — Kevin O’Leary Urges Government To Not Get Involved In Housing — Says New Bill That Would Ban Hedge Funds From Buying Homes ‘Is Very, Very Bad And Destructive’ Real estate investors … Continue reading
Posted in Demographics, Economics, Housing Bubble, National Real Estate, Politics
9 Comments
Don’t let the money leave
From ROINJ: Murphy appoints new task force designed to cut property bills in half for New Jersey seniors A new task force charged with cutting property tax bills in half for New Jersey seniors has been created, according to a … Continue reading
Posted in New Jersey Real Estate, Politics, Property Taxes
146 Comments
Please don’t raise rates
From CNBC: Housing industry urges Powell to stop raising interest rates or risk an economic hard landing Top real estate and banking officials are calling on the Federal Reserve to stop raising interest rates as the industry suffers through surging … Continue reading
Posted in Economics, Mortgages, Politics
114 Comments
All your money are belong to us
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
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
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
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
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…
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!
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