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Category Archives: Politics
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
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