Category Archives: Unrest

Good thing we don’t need to commute anymore

Posted on June 18, 2022 by grim

From the Star Ledger: Canceled trains were due to an ‘illegal job action’ by engineers, NJ Transit says NJ Transit officials said an “illegal job action” triggered a rash of canceled trains throughout the day on Friday after locomotive engineers failed to … Continue reading →

Posted in New Jersey Real Estate, Unrest | 90 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

Step away for a minute and the world goes to shit

Posted on March 15, 2020 by grim

Seems I picked a fine time to stop blogging. Markets in turmoil, global pandemic, potential real estate catastrophe looming. Couple of folks reached out to me over the past few days about opening the blog back up again. Totally get … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics, Unrest | 227 Comments

Idiots in Trenton

Posted on December 4, 2019 by grim

From the Star Ledger: High-cost, high-tax New Jersey is no place for old men – or old women You might have seen that Fairleigh Dickinson poll released last week in which a sample of New Jersey residents were asked, “Are you considering … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, Unrest | 191 Comments

Democrats lose NJ

Posted on November 7, 2019 by grim

From the Star Ledger: How Gov. Murphy helped Republicans win Assemblyman Jon Bramnick, the Republican leader, says he is grateful that Gov. Phil Murphy engaged so heavily in this week’s election because it helped Republicans like him win close races. “Did Murphy … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes, Unrest | 145 Comments

Fewer options for rent controlled areas

Posted on September 16, 2019 by grim

From HousingWire: Trump’s housing-finance plan aims to curb GSE lending in areas with rent control Buckle your seatbelts, California. You may be in for another showdown with the Trump administration. You too, New York and Oregon. When Treasury released its housing finance … Continue reading →

Posted in Economics, Mortgages, National Real Estate, Politics, Unrest | 84 Comments

Why NJ is f*cked

Posted on September 10, 2019 by grim

From the Star Ledger: N.J. is facing a $1.2B public-worker pension time bomb In the waning days of his administration, Gov. Chris Christie left his successor Phil Murphy a parting gift, of sorts. For years, New Jersey had assumed its public pension fund would … Continue reading →

Posted in Economics, Politics, Property Taxes, Unrest | 85 Comments

Tax the shore

Posted on May 28, 2019 by grim

From WHYY: N.J. may roll back tax on Shore rentals, but details remain fuzzy New Jersey lawmakers are moving to exempt many Shore-goers from an unpopular new tax on home rentals, but it’s still unclear when the change would take … Continue reading →

Posted in Property Taxes, Shore Real Estate, Unrest | 56 Comments

Paid less taxes, nobody cared

Posted on April 15, 2019 by grim

From the NYT: Face It: You (Probably) Got a Tax Cut If you’re an American taxpayer, you probably got a tax cut last year. And there’s a good chance you don’t believe it. Ever since President Trump signed the Republican-sponsored … Continue reading →

Posted in Economics, Politics, Unrest | 29 Comments

Movement of jah people!

Posted on April 12, 2019 by grim

From NJ Spotlight: IS THE FEDERAL SALT CAP PUTTING NJ RESIDENTS ON THE ROAD TO OTHER STATES? Cindy Myers, the president of a moving company based in Mahwah, said she’s seen a big uptick in out-of-state moves in the past … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, Unrest | 76 Comments

I dip, you dip, we dip

Posted on April 8, 2019 by grim

From the APP: NJ double dippers: At least 64 public employees make more than Murphy It’s common for people to have a side hustle to make some extra cash. Then there are those who have many extra jobs. Working for the … Continue reading →

Posted in New Jersey Real Estate, Politics, Unrest | 162 Comments

Expect the worst

Posted on March 21, 2019 by grim

From Bloomberg: Trump Tax Reform Hits Home in Wealthy New York Suburbs Nick Boniakowski’s clients bought a home in Northern New Jersey in 2016. Now they want to move again. They found a house they liked. It wasn’t the charm … Continue reading →

Posted in Economics, New Jersey Real Estate, Property Taxes, Unrest | 65 Comments

A new tax for property owners

Posted on March 19, 2019 by grim

From the Star Ledger: The controversial ’rain tax’ bill designed for N.J. flood defense has been signed into law  Local authorities in New Jersey now have a new tool to manage stormwaters and flooding. Gov. Phil Murphy on Monday signed into law … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes, Unrest | 78 Comments

Millennials don’t understand the concept of repair.

Posted on March 1, 2019 by grim

You have an entire generation that grew up in a culture of disposable everything. Why would anyone think houses should be different? You don’t fix things, you get the new version. From CNBC: Most millennial homeowners have buyer’s remorse, a … Continue reading →

Posted in Demographics, National Real Estate, Unrest | 112 Comments

Anywhere but here

Posted on January 27, 2019 by grim

From the Real Deal: Why millionaires are fleeing NYC and New Jersey Volatile financial markets are leading high net worth individuals to leave New York and New Jersey in droves. Last year, the region encompassing New York City, Jersey City … Continue reading →

Posted in Economics, New Jersey Real Estate, NYC, Unrest | 4 Comments