Category Archives: Politics

Election Day Open Discussion

First, go vote. Second, talk about it here. Third, assume the identity of a dead relative and vote again. (Hudson Country Residents only, please!)

Posted in Politics | 515 Comments

Inflated Housing or Affordable Housing?

From the Lower Hudson Journal News: Middle-income earners priced out of homes Joel Bodian wants a cozy, two-bedroom home with a tiny yard to share with his black Labrador retriever, Delilah. The single 63-year-old self-employed mechanical engineer is finding it … Continue reading

Posted in Economics, Housing Bubble, National Real Estate, Politics | 400 Comments

Senate Passes Bailout Bill

From the Wall Street Journal: Senate Vote Gives Bailout Plan New Life The Senate handily passed a controversial financial rescue package Wednesday, giving the bill its first legislative victory but adding provisions that could complicate efforts to push the $700 … Continue reading

Posted in Economics, Housing Bubble, National Real Estate, Politics | 401 Comments

Spending our dollars when everyone else is slashing

From the Daily Record: Corzine: No new budget cuts, at least for now New Jersey will not follow New York City in reopening its budget to make additional spending cuts in response to the Wall Street turmoil, Gov. Jon S. … Continue reading

Posted in Economics, Politics, Property Taxes | 520 Comments

NJ: “lurching from crisis to crisis”

Don’t forget to buy your tickets for the I.O.U.S.A. Screening GTG Thursday, August 21st at 8:00pm AMC Clifton Commons 16 405 Route 3 East Clifton, NJ 07014 Tickets can be purchased online, click here. —————————- From the NY Post: JERSEY: … Continue reading

Posted in Economics, New Jersey Real Estate, Politics | 328 Comments

“I just saved a bundle on my real estate commissions!”

From MarketWatch: Buyer’s recourse There’s a big, annoying ad campaign for a popular insurance company where the punch line of every commercial is “I saved a bundle on my car insurance.” If people actually behaved like the actors in the … Continue reading

Posted in National Real Estate, Politics | 272 Comments

Good-bye rebate!

From the AP: Property tax rebates — touted as not being “an election year gimmick” — now ready to be cut They’ve talked of keeping parks and the state agriculture department open and maybe boosting aid for towns and cities, … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 3 Comments

Who to save when we can’t save them all?

From the AP via the Philly Inquirer: Democrats are split on a subprime bailout Democrats are split over how to respond to the housing debacle, with House leaders focusing on helping homeowners who face foreclosure while the Senate moves to … Continue reading

Posted in Economics, Housing Bubble, National Real Estate, Politics | 1 Comment

Reform or sleight of hand?

From the APP: Corzine wants $260M to replenish jobless trust fund Gov. Corzine said Tuesday he wants to move $260 million from the current state budget to shore up the unemployment trust fund and avoid a trigger that would mean … Continue reading

Posted in Economics, New Jersey Real Estate, Politics | 3 Comments

NJ paid family leave bill passes Senate

From the Asbury Park Press: Family leave narrowly passes Senate The full Senate narrowly approved a proposal that would give workers a paid family leave program to care for a newborn, a newly adopted child or an ill family member, … Continue reading

Posted in Economics, New Jersey Real Estate, Politics | 110 Comments

Right time for paid family leave?

From Newsday: After more than a decade, paid work leave bill finally gets big vote The state Senate was set to vote Monday on whether to make New Jersey the third state to let workers take paid leave to care … Continue reading

Posted in Economics, Politics | 98 Comments

Corzine may cut 3,000 jobs

From the NY Times: Corzine Is Said to Weigh Cutting 3,000 Jobs and One Department Faced with a worsening economy, Gov. Jon S. Corzine is considering reducing the state’s work force by 3,000 employees and closing at least one department … Continue reading

Posted in Politics, Property Taxes | 5 Comments

Reval’s in a declining market

From the Press of Atlantic City: Cape May wants reval postponed The city has accepted the need to do another property revaluation but is fighting when it must be done. The Cape May County Tax Board recently ordered a revaluation … Continue reading

Posted in Housing Bubble, New Jersey Real Estate, Politics | 1 Comment

Tapped out, taxed, and tired

From the Record: Open-space skimping assailed New Jersey needs more money to save open space, maintain its parks, and support hunting and fishing, officials and environmental activists told state legislators Monday. At a hearing to set the Legislature’s environmental agenda … Continue reading

Posted in Politics, Property Taxes | 3 Comments

Foreclosures derail Trenton revitalization

From Reuters: Mayors face test of spreading foreclosures Mayor Douglas Palmer, meeting with visitors at City Hall, points to a large map peppered with dark dots. Each one represents a home or group of homes on the verge of foreclosure, … Continue reading

Posted in New Jersey Real Estate, Politics, Risky Lending | 13 Comments