Category Archives: Politics

Blue states throw Republican strategy right back in their face

Posted on July 18, 2018 by grim

From Above the Law: States Are Suing For Their SALT Deductions Back Under The 16th Amendment The Republican tax bill famously capped the deductions for state and local taxes (SALT) at $10,000 for the purposes of federally taxed income. The … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 88 Comments

76% of CPA’s say the new budget is bad

Posted on July 17, 2018 by grim

From Accounting Today: New Jersey CPAs criticize state budget More than 75 percent of CPAs in New Jersey say the Garden State’s recently enacted budget would have a negative impact on the economy, according to a new survey by the … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics | 126 Comments

No exodus?

Posted on July 13, 2018 by grim

From The Real Deal: No exodus from California despite pressure from new fed tax plan: real estate pros While homeowners in high-tax states like New York and New Jersey may be packing their bags to move to Florida and Texas, … Continue reading →

Posted in Demographics, Economics, National Real Estate, Politics, Property Taxes | 86 Comments

Time to consolidate NJ

Posted on July 9, 2018 by grim

From the Star Ledger: I was the last mayor of Princeton Township: Consolidation works and we need to stop being afraid of it Consolidation of New Jersey municipalities — especially as it relates to school districts – can result in … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics | 56 Comments

Murphy concedes to Sweeney, budget passes

Posted on July 2, 2018 by grim

From the Star Ledger: N.J. budget finally signed by Murphy after another really long day at the Statehouse It took far longer than anyone imagined on Sunday, but New Jersey finally has a state budget. The state Legislature put the … Continue reading →

Posted in New Jersey Real Estate, Politics | 82 Comments

Shut it down

Posted on June 29, 2018 by grim

From the WSJ: New Jersey Faces Possible Government Shutdown A government shutdown is still looming in New Jersey after several days of budget negotiations between Gov. Phil Murphy and state lawmakers. The state government could close at midnight Sunday if … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics | 96 Comments

Showdown time

Posted on June 25, 2018 by grim

From the Star Ledger: Gov. Phil Murphy’s rosy scenario for economic growth is full of thorns Uh-oh. The governor’s got a new cliche. It’s “rosy scenario,” and Phil Murphy repeated it several times last week as he fought with his … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics | 89 Comments

Will you pay? Will I pay? Who will pay? No idea yet.

Posted on June 18, 2018 by grim

From the Star Ledger: Raise the sales tax? The business tax? Dueling Democratic budgets bring N.J. closer to a shutdown. Democrats who control the state Legislature on Monday announced they’ll introduce a $36.2 billion budget that would raise taxes on … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics | 158 Comments

Glimpse into the future: NJ coming for your house

Posted on June 16, 2018 by grim

What happens when NJ can’t afford to pay it’s own taxes anymore? Rampant (fraudulent?) mismanagement of assessments? Detroit offers a glimpse into what to come in NJ. From the Detroit News: Study: Bad assessments prompt 10K Detroit foreclosures One in … Continue reading →

Posted in Economics, Foreclosures, New Jersey Real Estate, Politics, Property Taxes | 105 Comments

Bankers not happy with Murphy

Posted on June 7, 2018 by grim

From NJBIZ: Bankers: Economy weakening under Murphy A majority of the state’s local bankers say New Jersey’s economy would worsen under policies proposed by Gov. Phil Murphy. In New Jersey Bankers Association’s annual survey on the economy, almost 69 percent … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics | 182 Comments

Fix it, Sell it, or Get Out

Posted on May 28, 2018 by grim

From the APP: A tool for targeting the ‘zombie houses’ of Toms River, throughout the Shore They’re called “zombie houses,” and they can suck the life out of any neighborhood. Zombie homes are properties whose owners have walked away from … Continue reading →

Posted in New Development, New Jersey Real Estate, Politics | 21 Comments

Hey Democrats, where’s our pot?

Posted on May 26, 2018 by grim

From the Washington Post: N.J. Democrats loved the idea of taxing the rich — until they actually could do it Democrats in the New Jersey state legislature approved a tax hike on millionaires five separate times under then-Gov. Chris Christie … Continue reading →

Posted in New Jersey Real Estate, Politics | 59 Comments

You buyin’ this?

Posted on May 16, 2018 by grim

From the Star Ledger: Murphy’s state bank would help working families, boost local economy New Jersey has an investment problem. The Garden State’s numerous credit downgrades, budget shortfalls, crumbling infrastructure, chronic underfunding of critical programs and priorities are well known. … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics | 262 Comments

No tax doomsday? Yet?

Posted on May 9, 2018 by grim

From Bloomberg: Million-Dollar Home Values Gain Even as Tax Deductions Shrink Adam Blaylock was pretty sure he overpriced his Santa Clara, California, home by offering it in February for $1.48 million, since tax deduction changes would keep buyers away. But … Continue reading →

Posted in National Real Estate, Politics, Property Taxes | 166 Comments

Will the feds accept it?

Posted on May 5, 2018 by grim

From the Star Ledger: Murphy moves to save your property tax break from Trump. But will it stick? Gov. Phil Murphy just took action to save your federal property tax break from President Donald Trump’s new tax law. The Democratic … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 55 Comments