Category Archives: Politics

Landlords making Newark unaffordable?

Posted on January 23, 2023 by grim

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.

Posted on January 18, 2023 by grim

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

Posted on January 3, 2023 by grim

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

Posted on December 6, 2022 by grim

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!

Posted on November 8, 2022 by grim

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

Casino in the Swamp

Posted on October 17, 2022 by grim

From Forbes: How New Jersey Will Double Down On Gambling If Casinos Come To New York City If the handful of billionaires, real estate developers and gambling companies get their way and bring a Las Vegas-style casino resort to New York … Continue reading →

Posted in New Jersey Real Estate, NYC, Politics | 111 Comments

UK brings out the big guns to fight recession

Posted on September 23, 2022 by grim

From CNBC: UK government dishes out extensive tax cuts as country braces for recession The measures include: Cancellation of a planned rise in corporation tax to 25%, keeping it at 19%, the lowest rate in the G-20. A reversal in … Continue reading →

Posted in Economics, Politics | 99 Comments

NJ: Want your tax break? Get back to the office.

Posted on July 29, 2022 by grim

Disregard the source, was trying to find a non-paywalled version of this article yesterday. From Florida Realtors: N.J. to Companies: Make Workers Return While companies continue to wrestle with the employee question – Should they be allowed to work remotely … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate, Politics | 152 Comments

Who to blame?

Posted on July 25, 2022 by grim

From Vice: Good News: Economy Sucks, You’re Screwed, and It’s All Your Fault, Economists Say Good news everyone: wage increases are slowing, raises are getting smaller, layoffs are beginning to happen, and inflation is all your fault. And you should … Continue reading →

Posted in Demographics, Economics, Employment, Politics | 46 Comments

Relief?

Posted on July 21, 2022 by grim

From the Record: New Jersey taxpayers won’t find relief in Phil Murphy’s budget Gov. Phil Murphy and Democrats in the state legislature are lauding themselves for providing relief and improving New Jersey’s economy with their recently passed state budget. Neither … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate, Politics, Property Taxes | 68 Comments

King Murphy

Posted on June 22, 2022 by grim

From NJ101.5: NJ’S MURPHY SIGNALS POSSIBLE WHITE HOUSE RUN With speculation intensifying that President Joe Biden will not seek a second term, Gov. Phil Murphy is raising his profile for a potential White House bid. A $2 million ad blitz … Continue reading →

Posted in Politics | 127 Comments

Worth breaking something

Posted on June 15, 2022 by grim

From Bloomberg: Fed Mulls ‘Game Changer’ to Jolt Inflation: Decision Day Guide Federal Reserve Chair Jerome Powell, who’s carefully telegraphed interest rate hikes over four years, looks likely to abandon gradualism and move more forcefully to stamp out inflation along … Continue reading →

Posted in Economics, Politics, Unrest | 156 Comments

Let’s get those steaks sizzling – if you can afford it

Posted on June 10, 2022 by grim

From CNBC: Consumer price inflation in May expected to run sizzling hot as energy, food and rent rose Economists expect inflation in May continued to burn white hot, with energy, food, rent and health-care costs all rising. According to Dow … Continue reading →

Posted in Economics, Politics | 147 Comments

Yeah Right

Posted on May 25, 2022 by grim

From NJ1015: GOP plan for ‘once-in-a-lifetime opportunity’ to cut NJ taxes Assembly Republicans want to cut income taxes as part of the new state budget, part of a four-pronged plan for responding to an unprecedented surge in state revenues and … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate, Politics | 302 Comments

NJ’s new tax rebate

Posted on May 13, 2022 by grim

From Patch: $900M In Tax Relief Could Be Coming To 1.8M NJ Homeowners, Renters Nearly 1.8 million New Jersey homeowners and renters could get some money back from the state under Gov. Phil Murphy’s new property tax relief program proposed … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 127 Comments