Register now !    Login  
Main Menu
Who's Online
43 user(s) are online (28 user(s) are browsing Message Forum)

Members: 1
Guests: 42

Sully, more...


Forum Index


Board index » All Posts




Re: Light at the end of the tunnel?
#1
Home away from home
Home away from home


Quote:

Monroe wrote:
Nonsense. Christie called their bluff, and will end up saving NJ billions of dollars. Anyone claiming that the project would've come in at budget hasn't put down the crack pipe, because every project like this always overruns.

Further, the Pulaski Skyway diversion is pennies compared to what the PA dropped into the WTC rebuild. Just how does an office tower come under the umbrella of transportation needs? Quid pro quo, baby, that's all that was.

And listening to comrade De Blasio cry about how NJ made a mistake by not proceeding with the earlier project-sure he's crying, now NYC will have to put in some dough to bring in all those commuters paying NYC and NY sales and income taxes! Tough nuts.

Why does NY not want to pay their fair share? Because they're used to NJ being chumps. Well, Corzine signed on a chump deal, and Christie properly stepped on it.

So we start again, this time with everyone sharing the pain equally. Had that been done before the tunnel would be started already.



Exactly right.

Posted on: Today 11:55
Top


Re: Timothy O'Sullivan of 300 Block of 4th Street charged with burglarizing cars, striking a policeman
#2
Home away from home
Home away from home


Quote:

JCorNYC wrote:
i dont understand. what do they mean "of 300 block of 4th Street"? Is this a TV/Cable show O'Sullivan's in?


Probably between Coles and Monmouth. In other words, his home address is 300-something. Simple stuff...

Posted on: Today 11:31
Top


Re: Light at the end of the tunnel?
#3
Home away from home
Home away from home


Nonsense. Christie called their bluff, and will end up saving NJ billions of dollars. Anyone claiming that the project would've come in at budget hasn't put down the crack pipe, because every project like this always overruns.

Further, the Pulaski Skyway diversion is pennies compared to what the PA dropped into the WTC rebuild. Just how does an office tower come under the umbrella of transportation needs? Quid pro quo, baby, that's all that was.

And listening to comrade De Blasio cry about how NJ made a mistake by not proceeding with the earlier project-sure he's crying, now NYC will have to put in some dough to bring in all those commuters paying NYC and NY sales and income taxes! Tough nuts.

Why does NY not want to pay their fair share? Because they're used to NJ being chumps. Well, Corzine signed on a chump deal, and Christie properly stepped on it.

So we start again, this time with everyone sharing the pain equally. Had that been done before the tunnel would be started already.


Posted on: Today 11:29
Top


Re: Timothy O'Sullivan of 300 Block of 4th Street charged with burglarizing cars, striking a policeman
#4
Home away from home
Home away from home


i dont understand. what do they mean "of 300 block of 4th Street"? Is this a TV/Cable show O'Sullivan's in?

Posted on: Today 11:05
Top


Re: Is Jersey City Real Estate in a bubble?
#5
Home away from home
Home away from home


Quote:

SRhia wrote:
I also understand the law of demand and supply, and asking price vs purchase price. But the fact that someone *dared* to even list with such a price, what does that say of the people's mentality right now?

Not much.

Some of the units in 88 Morgan are asking around $780/sq ft, which seems to be above the DTJC average.

The penthouse is going for $1700/sq foot. That's not too surprising, as it has 22 ft high ceilings, garage parking, doorman, gym, pool, hot tub, a terrace etc.

It's also been on the market for about 3 months. It's entirely possible the developers are pricing it high, to make the $1 million units seem cheap.


Quote:
I noted in my original post that there are several 3 bed units in 65 2nd street is in the $1.2+ million range.... etc
and that's just a handful of examples. Look at the trulia listings: so many are now asking 30%, 40+% more than just 4-5 years ago.

Yes, that's because DTJC is hot, and there isn't much inventory. The shortage is especially acute for those looking for older low-rise buildings and townhouses.


Quote:
Hence, is JC market currently a bubble?

No.

It's just a hot market. Again, the fundamentals are strong, the banks are still using strict lending guidelines, the area is getting lots of good press, the area is getting gentrified and adding amenities.

I.e. it takes a little more than "prices look high" and even "units sell quickly" to declare that a market is in a bubble.

Posted on: Today 10:47
Top


Re: 2015 Budget
#6
Home away from home
Home away from home


Quote:

Bamb00zle wrote:
Quote:

Maise wrote:
Where can one find the user friendly budget online?


Not sure if this is what you are looking for, but it may be of some interest - the pdf of the City Budget.

http://jerseycitynj.gov/uploadedFiles ... 0Line%20Item%20Budget.pdf

The largest single category of expenditure is "Public Safety" consuming about $181 million or 34% of the total budget. Next is "Unclassified", at about $151 million or 28%. Third is "debt" at about $51 million, 13% of the $535 million total.


That is the budget that was introduced in March, not the Friendly Budget. The budget that passed July 28th is $540 million. If the economy goes south and if development stops, there will be major budget holes.

Posted on: Today 10:46
Top


Re: Auto Mechanic
#7
Home away from home
Home away from home


Quote:

slim26 wrote:
Thats really a short term fix, and likely will last the summer. However, if you have it serviced professionally, they will evacuate the system and try to find leaks or the cause of the problem which is likely the real issue.


Absolutely correct, it's only temporary. Best to bring it in for an inspection and get a quote before any work is done. Depending on what the tech finds, you could be spending anywhere from $50 – $1000+.

Posted on: Today 10:46
Top


Re: Do you recommend particular Roofer?
#8
Just can't stay away
Just can't stay away


Brewster--does your silence mean that you were not happy with the job? My roof is at the end of it's life span and I can't deal with the head games of appointment making with Capital Roof so I have zip right now. It's a huge investment and this aspect of the construction business is even more shady than the usual suspects. Feedback is needed. I have a flat roof.

Posted on: Today 10:41
Top


Re: Timothy O'Sullivan of 300 Block of 4th Street charged with burglarizing cars, striking a policeman
#9
Home away from home
Home away from home


And his charges were downgraded because he's _____.

Posted on: Today 10:35
Top


Re: Light at the end of the tunnel?
#10
Home away from home
Home away from home


Quote:

Monroe wrote:
What Christie said was-if this is so critical to the nations 'core', and NY State and NYC will benefit from the tunnel, let's all go in equally, with all the costs.

No, what he said was "I don't want to pay for cost overruns."

The Feds were coughing up $4.45 billion. Port Authority, another $3 billion. NJ Turnpike was ponying up $1.25 billion. Paterson claims Christie never contacted him, and that NY State would be willing to contribute.

Christie claimed that cost estimates had gone up, and the state of NJ -- not any of the existing contributors -- would be forced to pay for 100% of the cost overruns.

Unsurprisingly, the GAO disagreed with that assessment. It found that the contracts still were not signed, the agreements were not complete, thus it is impossible to determine who would have to pay. (http://www.nj.com/news/index.ssf/2012/04/gov_christie.html)


Quote:
If you're the type of NJ taxpayer that enjoys getting screwed by NY and the Feds, well I can see why you'd oppose that type of arrangement.

I'm the type of NJ taxpayer who realizes that the Federal government and Port Authority were putting up most of the money to pay for a critical piece of infrastructure, that will be FAR more expensive to build now that it's been delayed by well over 5 years.


Quote:
Christie did the right thing....

Bullshit.

Christie tried to shine up his "fiscal conservative" credentials by killing a big infrastructure project, rather than negotiate on cost overruns.

Plus, he has done NOTHING to propose an alternative or replacment. All he did was refuse to pay for funds already spent, and redirect Port Authority funds to the Pulaski Skyway -- which has Jack Squat to do with the PA's mandate. None of that strikes me as a positive form of political ethics.

Posted on: Today 10:20
Top


Re: Jersey City pediatrician sentenced to 21 months in prison for Medicaid fraud
#11
Just can't stay away
Just can't stay away


he is in a bad way

badaway badaway ghali

Posted on: Today 10:01
Top


Re: 2015 Budget
#12
Quite a regular
Quite a regular


Quote:

Maise wrote:
Where can one find the user friendly budget online?


Not sure if this is what you are looking for, but it may be of some interest - the pdf of the City Budget.

http://jerseycitynj.gov/uploadedFiles ... 0Line%20Item%20Budget.pdf

The largest single category of expenditure is "Public Safety" consuming about $181 million or 34% of the total budget. Next is "Unclassified", at about $151 million or 28%. Third is "debt" at about $51 million, 13% of the $535 million total.

Posted on: Today 8:30
Top


Re: 2015 Budget
#13
Quite a regular
Quite a regular


so when do we expect the property tax that is due 8/1 to be updated online ?

Posted on: Today 8:12
Top


Re: HM news: Hibachi Grill & Supreme Buffet….
#14
Home away from home
Home away from home


There is a flyer and discount coupons in the packet of adverts that show up this morning.

Posted on: Today 8:09
Top


Re: Sell or rent JSQ house?
#15
Home away from home
Home away from home


Quote:

brewster wrote:
Quote:

dtjcview wrote:

http://www.realtor.com/mortgage/tools/rent-or-buy-calculator/

Plug in 07306 and 07302 to this. You'll find a bigger negative cashflow in JSQ than downtown - 30-year vs 10-year breakeven. If these numbers are right, you're simply wrong.


As presented they're both hideous deals with awful GRM's. They state a $334,219 JS property should rent for $1,281. No investor would ever buy a JS property with a GRM of 21.75. I don't believe their data. My last purchase, in 07307 in 2012, was a 6.82 GRM.



Doesn't that point to a better answer to the OPs original question? If their property is still worth $365k, a GRM of 7 would require $4,345/month rent. A GRM of 10 would require $3,042/month. What's the highest GRM (and lowest rent) they should accept before investing elsewhere?

Posted on: Today 4:39
Top


Re: Sell or rent JSQ house?
#16
Home away from home
Home away from home


Quote:

dtjcview wrote:

http://www.realtor.com/mortgage/tools/rent-or-buy-calculator/

Plug in 07306 and 07302 to this. You'll find a bigger negative cashflow in JSQ than downtown - 30-year vs 10-year breakeven. If these numbers are right, you're simply wrong.


As presented they're both hideous deals with awful GRM's. They state a $334,219 JS property should rent for $1,281. No investor would ever buy a JS property with a GRM of 21.75. I don't believe their data. My last purchase, in 07307 in 2012, was a 6.82 GRM.


Posted on: Yesterday 23:45
Top


Re: Sell or rent JSQ house?
#17
Home away from home
Home away from home


Quote:

brewster wrote:
Quote:

dtjcview wrote:
No dispute in what you said - except for the fact that rents tend to rise in line with property value. Plus leverage will depend on how much current equity you have in the property. By leaving equity in JSQ there's a risk it doesn't appreciate faster than, say, using it as a downpayment on an investment property elsewhere.


The difference in our outlook is that I prioritize "investment" and you "speculation". I doubt any Downtown rental property today does not have negative cashflow, by definition that's a speculators market. There's always a chance there's a better investment somewhere, but you may not know if it was till the game is over.

In general, better returns entail more risk. Those guys I described upthread who invested in the 80's took a risk and lost. at least in that time frame. 97 was the bottom of the market.


http://www.realtor.com/mortgage/tools/rent-or-buy-calculator/

Plug in 07306 and 07302 to this. You'll find a bigger negative cashflow in JSQ than downtown - 30-year vs 10-year breakeven. If these numbers are right, you're simply wrong.



Posted on: Yesterday 23:17
Top


Re: Sell or rent JSQ house?
#18
Home away from home
Home away from home


Quote:

dtjcview wrote:
No dispute in what you said - except for the fact that rents tend to rise in line with property value. Plus leverage will depend on how much current equity you have in the property. By leaving equity in JSQ there's a risk it doesn't appreciate faster than, say, using it as a downpayment on an investment property elsewhere.


The difference in our outlook is that I prioritize "investment" and you "speculation". I doubt any Downtown rental property today does not have negative cashflow, by definition that's a speculators market. There's always a chance there's a better investment somewhere, but you may not know if it was till the game is over.

In general, better returns entail more risk. Those guys I described upthread who invested in the 80's took a risk and lost. at least in that time frame. 97 was the bottom of the market.

Posted on: Yesterday 22:12
Top


Jersey City pediatrician sentenced to 21 months in prison for Medicaid fraud
#19
Home away from home
Home away from home


Jersey City pediatrician sentenced to 21 months in prison for Medicaid fraud

By Ben Shapiro | The Jersey Journal The Jersey Journal 
July 29, 2015 at  6:23 PM

TRENTON — A Jersey City pediatrician was sentenced to 21 months in prison on Wednesday for fraudulently billing Medicaid for more than 1,000 wound repair procedures that were never performed, U.S. Attorney Paul Fishman announced. 

The previous owner and operator of Sinai Medical Center of Jersey City LLC, Dr. Badawy M. Badawy, was charged back in 2013 for his scheme and later pleaded guilty this past February to one count of an indictment charging him with health care fraud. 

Badaway, 52, ran a pediatric and family medicine focused practice in Jersey City from January 2004 to December 2008. Over that time span he submitted thousands of claims to Medicaid for wound repair procedures related to superficial wounds on patients' faces, ears, eyelids, noses and lips, a Department of Justice release stated. 

The billing of false procedures resulted in Badaway receiving $196,911 in faulty Medicaid payments. 

On top of his prison sentence, Badaway was ordered on Wednesday in Trenton federal court to return the money he collected, pay a $5,000 fine and serve three years of supervised release.

http://www.nj.com/hudson/index.ssf/20 ... nced_to_21_months_in.html


Posted on: Yesterday 21:49
Top


Re: Light at the end of the tunnel?
#20
Home away from home
Home away from home


No mental gymnastics, just common sense. If the NJ Governor is held responsible for the shortcomings of NJ's run rail service, than the POTUS should be held responsible for the Federal rail service.

Posted on: Yesterday 18:58
Top


Timothy O'Sullivan of 300 Block of 4th Street charged with burglarizing cars, striking a policeman
#21
Home away from home
Home away from home


Timothy O'Sullivan of 300 Block of 4th Street charged with trying to burglarize cars, striking a police officer

Resized Image

Timothy O'Sullivan appears in court in Jersey City

July 29, 2015.
Michaelangelo Conte
The Jersey Journal

A Jersey City man had a black eye and was in a wheelchair when he appeared in court today on charges he assaulted police officers while being arrested on charges he attempted to burglarize cars yesterday in Jersey City.

The charges against Timothy O'Sullivan, 30, of the 300 block of Fourth Street, were downgraded to disorderly persons charges when he appeared in Central Judicial Processing court in Jersey City via video link from Hudson County jail in Kearny.

O'Sullivan is charged with four counts of attempted burglary to vehicles by pulling on their door handles, resisting arrest and assaulting a police officer by striking the officer "in the head and shoulder, attempting to cause serious bodily injury," the criminal complaint says.

The charges will be handled in Jersey City Municipal Court.

O'Sullivan has three prior arrests and two disorderly persons convictions, court officials said.

http://www.nj.com/hudson/index.ssf/20 ... trying_to_burglarize.html

Posted on: Yesterday 18:37
Top


Re: Auto Mechanic
#22
Home away from home
Home away from home


Thats really a short term fix, and likely will last the summer. However, if you have it serviced professionally, they will evacuate the system and try to find leaks or the cause of the problem which is likely the real issue.

Posted on: Yesterday 18:07
Top


Re: Is this for real? In the Heights???
#23
Newbie
Newbie


Pics are just renderings..

Posted on: Yesterday 17:02
Top


Re: Auto Mechanic
#24
Home away from home
Home away from home


If you ONLY need to charge your AC system, you can do it at home for about $30. Almost all auto parts stores sell the kit this time of year, it's probably the first thing you'll see when you walk in the door. It's takes about 10 minutes and you don't even get your hands dirty (unless you are eating wings while you are doing it.)

Posted on: Yesterday 16:18
Top


Re: Is this for real? In the Heights???
#25
Home away from home
Home away from home


Did Dixon manage to rent the one on Hamilton Place for $10,000?

Robin.

Posted on: Yesterday 16:14
Top


Re: Is Jersey City Real Estate in a bubble?
#26
Not too shy to talk
Not too shy to talk


Quote:

mrasg1 wrote:
Can anyone recommend a realtor? Looking
to buy. And also, any thoughts on the
Bergen-Lafayette area? Thanks.


We recently used (for the 2nd time) Sawyer Smith and highly recommend him & his team:

http://sawyersmith.com/

Posted on: Yesterday 15:57
Top


Re: Auto Mechanic
#27
Home away from home
Home away from home


I bring mine to Joe's for any routine work for the past past 12 years - they are good.

However, only time I'll bring it elsewhere if it is major work like engine work.

Posted on: Yesterday 15:45
Top


Re: Is Jersey City Real Estate in a bubble?
#28
Not too shy to talk
Not too shy to talk


Here's another fun example:

219 Brunswick - 1br

DATE EVENT PRICE $/SQFT
07/29/15 Listed for sale $345,000 +56.8%
02/11/15 Sold $220,000

Posted on: Yesterday 15:37
Top


Re: Auto Mechanic
#29
Newbie
Newbie


Chariot Auto Repair on Coles & 5th Street is great! Really great guy, always available and does not overcharge. I've brought my car in for three things and they've been very reliable every time.

Posted on: Yesterday 15:31
WordsOfaHooker (I didn't get lucky in the last name department)
Top


Re: Auto Mechanic
#30
Quite a regular
Quite a regular


Just got an alternator changed at Joe's the other day.

Brought the car in at 12, done by 4. Can't argue with that.

Posted on: Yesterday 13:22
Top



TopTop
(1) 2 3 4 ... 6312 »






Login
Username:

Password:

remember me

Lost Password?

Register now!



LicenseInformation | AboutUs | PrivacyPolicy | Faq | Contact


JERSEY CITY LIST - News & Reviews - Jersey City, NJ - Copyright 2004 - 2015