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Re: Is Van Vorst Park area safe?
Home away from home
Home away from home


Attacked, injured, raped - low to no likelihood.

Robbed, mugged - possible. There's been a recent spate of cellphone snatching downtown.

Parked car safety - don't leave any valuables visible. JC goes through cycles of car break-ins. Also don't street park the types of car that car-thieves want - such as high-end SUVs and sports cars.

If you're getting back after 8pm or so, I'd recommend spending a few bucks on a cab from Grove St Path - but it's mostly a well-lit walk with low risk.

Posted on: 2011/12/3 20:26
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Tailor Question
Not too shy to talk
Not too shy to talk


I was wondering, is it bad form to go to a tailor just to get your measurements and not get a suit from them?

Is that common practice/expected (free), or is it a service that a tailor will charge for?

Posted on: 2011/12/3 20:20
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Re: Stock Market: OWS has it right - You don't have a chance
Home away from home
Home away from home


The OP used some scary terms to pretend the smart and connected folks playing in the financial casino had the game rigged to leech off the 99% into the coffers of the 1%. To me, that's just oversimplification to support some of OWS's points. Yes, bigger money players get better deals on stuff - but that is simple capitalism. The more I buy the bigger my discount.

Why pension funds and 401k can't use the "smart plays" like the long/short strategies of the hedge funds? Well it's down to one word. RISK. Lehmans, Jon Corzine, John Paulson are recent examples of big prop trading funds that gambled big and lost. They used leverage, created complex trading strategies, and their arrogance overrode their risk management.

401ks, Pension Funds and the like are investment vehicles designed to protect capital (your savings), and avoid RISKY investments. By law they can't invest in the financial instruments of mass destruction that bankrupted Lehman and Corzine's MF Global.

I was hoping the OP would respond to some of my questions on his/her post - but it looks like they simply cut-and-pasted a OWS post from someone else. So much for a real dialogue on this thread...

Posted on: 2011/12/3 20:06
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Is Van Vorst Park area safe?
Newbie
Newbie


I am a single woman in my early 30s considering an apt near Jersey Ave and York St. I am not too familiar with JC and would like to hear opinions on the safety of the area. How safe to park a car on the streets and how safe to walk back from the Path at night? Thank you!

Posted on: 2011/12/3 19:23
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Re: Thirty Acres Restaurant- Jersey Avenue
Quite a regular
Quite a regular


I second BrightGirl!

A good bowl of noodles would relieve the monotony of falafel, pizza and "Asian fusion" found downtown.

Posted on: 2011/12/3 19:22
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Re: BE CAREFUL: SKIMMING DEVICE ON GROVE STREET PATH TICKET MACHINE
Home away from home
Home away from home


If your card has an RFID chip (that enables payment by holding the card near a reader) it is possible that the information was cloned by thieves wirelessly.

Posted on: 2011/12/3 18:30
I live by the river.
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Re: Thirty Acres Restaurant- Jersey Avenue
Just can't stay away
Just can't stay away


Please please have ramen on the menu. I will be a daily customer. Would be overjoyed not to have to go into the city for a decent bowl.

Posted on: 2011/12/3 17:49
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Charities in Jersey City accepting food donations
Newbie
Newbie


Hi - My office is organizing a holiday food drive and I was looking for a 501c3 charity in Jersey City to give our donation to. Has any one worked with a good one in the past?

Thanks!

Posted on: 2011/12/3 16:38
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Re: Stock Market: OWS has it right - You don't have a chance
Newbie
Newbie



Posted on: 2011/12/3 14:26
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Re: Santa in Hamilton Park.
Home away from home
Home away from home


anyone know if there's a Santa at the Newport Mall? if so, is he a good one? (real beard, older, chubby, not a skinny high-schooler in elastic-strapped facial hair.)

Posted on: 2011/12/3 13:48
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Re: Wayne Street Near Grove Street PATH
Home away from home
Home away from home


Quote:

EatingLiberally wrote:
Does anyone know what happened at that little park over Thanksgiving? I was out of town, and when I got back on Saturday, there was shredded paper EVERYWHERE. It was covering about a quarter of the back park of the park and the basketball court.


loads of shredded paper last week on Erie Street, between 1st and 2nd. it couldn't have blown all the way over, could it? so what's with these coordinated paper shredder explosions?

Posted on: 2011/12/3 13:46
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Re: Wayne Street Near Grove Street PATH
Newbie
Newbie


Most of the shredded paper has been cleaned up, but a park bench towards the back was partially burned. Not sure if it'll be replaced.

Posted on: 2011/12/3 13:35
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Large Kitchen for Events?
Newbie
Newbie


Hi everyone,

I'm looking for a large kitchen somewhere in downtown JC. The short is that I'd like to teach some homebrewing classes on a monthly basis. I'm unsure if anyone would be willing to open their house to a crowd of 10-12, but if anyone has some leads I'd appreciate the insight.

Thanks

Posted on: 2011/12/3 13:25
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Re: Bear hunt opponents rally today at NJ Statehouse in Trenton
Home away from home
Home away from home


I wish they would come and hunt the Canadian Geese that infest Lincoln Park and Liberty State Park, they are foul fowl!

Robin.

Posted on: 2011/12/3 10:47
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Re: Santa in Hamilton Park.
Home away from home
Home away from home


5pm today.

Robin.

Posted on: 2011/12/3 10:07
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Re: Bear hunt opponents rally today at NJ Statehouse in Trenton
Home away from home
Home away from home




Next week's N.J. bear hunt won't be stopped by opponents' appeal

Friday, December 02, 2011
By The Associated Press

Three Manchester residents prepare for the start of the bear hunt in this 2005 file photo. Although opponents are appealing this year's bear hunt will go on.

Animal activists said today there wasn't enough time for them to challenge a court decision allowing New Jersey's black bear hunt to begin Monday, but that they planned protests next week and will push to block next year's hunt.

A state appeals court ruled Thursday that the hunt could go on as scheduled. The court turned away claims from The Animal Protection League of New Jersey and The Bear Education and Resource Group that the state's bear management policy was flawed.

Doris Lin, an attorney representing the groups, said they would ask the state Supreme Court to hear the issue.

"We are filing an appeal, but there wouldn't be time to get a decision by (today), so there's no rush to go court," Lin said. "But all next week we're going to have protests — all six days of the hunt."

The groups also sued last year but failed to stop a hunt in which nearly 600 bears were killed. Lin said they would file an appeal next week and seek to block next year's hunt.

Debate and controversy about the upcoming New Jersey bear hunt begins to heat up
New Jersey's six-day bear hunting season will open once again early next month, and with it, the controversy over whether a hunt to reduce bear populations should exist. Division of Fish and Wildlife biologists believe bear are entering and becoming too comfortable around people in populated neighborhoods as well as causing damage to livestock and crops. They believe a hunt is the only way to keep the numbers in line with our densely populated state. Several animal rights groups don't agree. They believe that bear are a self-regulating species and hunts do not control population and this is about the business of creating a trophy hunt.


(Video by Andre Malok / The Star-Ledger)
Watch video

A legal challenge to the hunt succeeded in 2007 and no hunt was held after a court found flaws with the management policy. That court said the 2005 hunt should not have taken place. A new policy has since been adopted.

In its opinion this week, the state appeals court rejected the activists' argument that the population management policy was developed arbitrarily. The three-judge panel said repeatedly in its ruling that it deferred to the agency that developed the document.

State wildlife officials have said the hunt is necessary to keep the state's black bear population, now thought to number about 3,400, in check. The population has remained fairly stable after increasingly dramatically since the 1980's. There have been confirmed bear sightings in all 21 New Jersey counties.

The hunt is only one component of the state's Comprehensive Bear Management Policy, which also includes public education and nonlethal bear management measures.

This year's hunt has a limit of one bear per licensed and registered hunter. It is scheduled to run Monday through Dec. 10, concurrently with the state's six-day firearm deer hunting season.

Posted on: 2011/12/3 10:06
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Re: New York Times: At Least the Agents Are Sold
Home away from home
Home away from home


I think if you look around at what has going on Downtown now - and see all the New Yorkers who have been moving in here - then it is pretty clear that you made a wise gamble.

And the number of those "NYC expats" will likely keep increasing.

http://www.theonion.com/articles/84-m ... ddenly-realize-new-york-c,18003/

On a side note...

Quote:

ThirdStreet wrote:
Quote:

Because this second condo is inland and next to a PATH train stop


700 grove is next to a PATH station, yeah, sure, right...

than why they need the the shuttle?


Well it is right next to the Hoboken PATH station - but still a 6 Block walk...


View Larger Map

Posted on: 2011/12/3 9:14
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Re: New York Times: At Least the Agents Are Sold
Newbie
Newbie


Just to follow up on this story. The closing was delayed and the developer offered us an additional $25k to wait, which we did. We put 5% down as our initial down payment to M&M, since this was an investment, we were required by the lender to put down 25% total down payment.



After closing, the apartment was on the market for rent only 2 weeks and we had 2 potential tenants. No, we didn't get $2,500, but we did get a good rent to a very good couple. My total monthly payment is under $2,500, and as the rental market improves we hope to break even soon. As for the HOA fees of $346 per month, I am pleased to let you all know that even with the massive snow storms we were still under budget.



Mortgage $1,550, HOA $346, Taxes $515 and Landlord Insurance $47. Total monthly payment of $2,458.
Was this a Great Investment... no, but we are making the best out of it.



As a full time real estate agent I am allowed to deduct the full amount of the loss (if any). When you consider depreciation and the amount of principle that the tenants are paying, we are doing ok.



My decision to buy was to secure an affordable/luxury condo in downtown Jersey City and hold it as a long term investment. When buying Real Estate you need to think about where Jersey City will be in a few years. I lived in Hoboken and Jersey City for many years, and think they are still great investments!



PS: We have received 3 offers from potential buyers to buy this condo, including one from the current tenant. For now we are holding onto this hidden gem in downtown JC.



David Paris, Realtor

Century 21 Innovative Realty

Posted on: 2011/12/3 1:14
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Re: Stock Market: OWS has it right - You don't have a chance
Home away from home
Home away from home


Mind posting the link from reddit?

Posted on: 2011/12/2 21:49
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Re: Stock Market: OWS has it right - You don't have a chance
Home away from home
Home away from home


1. Indirectly individual investors have exposure to funds through pension and retirement plans.

2. You do not have to pick individual stocks, you in fact can by index funds that perform close to market.

3. Some of the HF stuff, mostly the OTC is nothing but mathematical gamemanship. The smarter guy walks home with the 25 mil bonus. The dummer walks away with 1 mil.

4. The funny thing is that during the real estate boom, there were proposals to hedge real estate prices through derivatives based on some general index (case shiller). Since the market was booming, nobody was interested then. And now, nobody wants to get into since the general sense is negative.

5. Otherwise, op and follow-ups is tend to be accurate.

Posted on: 2011/12/2 20:51
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Re: Stock Market: OWS has it right - You don't have a chance
Home away from home
Home away from home


I have to agree about the idea of NOT allowing people to trade in derivatives, especially the unregulated ones, seems like dooming the 99% further....
As for these companies making a profit tomorrow by harvesting the web today let me have a little laugh please. Everyone knows that the 1% are making a killing through their special slots in trading data center. I think I heard about a location in parsippany once, if right this is where OWS should demonstrate. If you make a profit through milliseconds curve analysis avantage, I am sorry, this is not investing, this is parasitism. Tax rates should def be higher than 35% for that kind of "hard work" which doesn't benefit society at all. This is not about providing "liquidity" to the economy.

Posted on: 2011/12/2 20:46
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Re: Stock Market: OWS has it right - You don't have a chance
Home away from home
Home away from home


the original post was littered with inconsistencies, but i'll attack just a few of the basic ones

- the bid/ask spread is not nearly this high for the vast majority of stocks you'll ever buy. stocks maintain high liquidity (a very large number of people buying/selling at any given time). the only time you see large bid ask spreads are when there is an absence of liquidity

- companies just don't sell stocks with warrants like that all the time since it negatively impacts shareholders (especially the CEO and executives, who usually have large stock positions). they'll only do this if they really have to

- when athletes train, they hire trainers and nutrition experts to make sure they are stronger and faster than their opponents. some take illegal drugs to boost their performance even more.

this is similar to the finance industry; they hire the smartest grads, from prestigious colleges and MBA programs, and pay them large salaries so that they can have a competitive edge. sometimes, they engage in illicit activities (like insider trading), but most of what they do is legitimate. a big part of what they do is scouring the web and the newspapers looking for information that will impact stock prices TOMORROW, and acting on it TODAY in order to make a profit.

- finally, the original poster laments the fact that everyone doesn't have access to derivatives trading, swaps, etc. After watching the housing market collapse because people too stupid to be able to tie their shoes, let alone own a house, defaulted on their loans, do we REALLY want these people trading exotic derivatives? come on man

Posted on: 2011/12/2 19:39
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Re: Stock Market: OWS has it right - You don't have a chance
Just can't stay away
Just can't stay away


Explain why you're so F'in arrogant

Posted on: 2011/12/2 19:33
Top


Re: Santa in Hamilton Park.
Quite a regular
Quite a regular


Got a time on Santa's arrival?

Posted on: 2011/12/2 18:23
Top


Re: Stock Market: OWS has it right - You don't have a chance
Home away from home
Home away from home


Quote:

bgo wrote:
From Reddit: I work in Wall Street and work in hedge fund analysis. I'm the only person in my office who supports OWS
.............
In other words, if you aren't in the .1%, you have no access to the derivatives markets, you have no access to the special deals that hedge funds and other wealthy investors get, and you have no access to the resources, information, strategic services, tax exemptions, and capital that the top .1% is getting.

If you have any questions about what some of the concepts above mean, ask and I will try my best to answer. I'm a first-year analyst on wall street, and based on what I see day in and day out, I support the OWS movement 100%.

tl;dr: The finance industry funnels money from the masses to the ultra rich, through vehicles like hedge funds which dominate all of the financial markets.

h/t Scott


Explain volatility
Explain Black Swan
Explain tail risk
Explain the rules under which 401ks and pension funds have to operate
Explain why most of the hedge fund industry operates outside the US
Explain why you don't think Dodd-Frank won't protect individual investors from this abuse
Explain why 1 year in the industry makes you an expert
Explain why you're still there if it's so morally corrupt?

Posted on: 2011/12/2 18:23
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Re: PATH Suspension between 33rd Street and Journal Square and Hoboken due to police activity
Just can't stay away
Just can't stay away


what Path alerts are you signed up for? the 3 i received about 5 seconds apart all only mentioned the cross honoring of tickets.

Posted on: 2011/12/2 18:20
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Re: PATH Suspension between 33rd Street and Journal Square and Hoboken due to police activity
Quite a regular
Quite a regular


I'm always happy to pile on the PA. but for what its worth my PATH alert came thru a good 20 minutes before my 4:34pm NotifyNYC alert. gave me plenty of time to change directions and hit the ferry.

Quote:


Yet another opportunity to point out the ineptness of the Port Authority and their inability to keep us advised of what's happening on PATH - I work for a NYC government agency, and we got a text/e-mail advisory of this around 4:30(?) pm, LONG before the PATH e-mail alert went out. And the PATH e-mail "advisory" didn't say anything about the service suspension, just that PATH tickets were being cross-honored.

Can the Port Authority possibly suck more?

Posted on: 2011/12/2 18:08
Top


Re: Santa in Hamilton Park.
Home away from home
Home away from home


Quote:

tern wrote:
This is an authentic Santa with English accent, which is how they speak at the North Pole.


LOVE this!

Thanks to the organizers. This sounds like a very nice time.

Posted on: 2011/12/2 17:05
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Re: Say Yes to Safe Sidewalks and Say NO to Carports (AGAIN!)
Home away from home
Home away from home


Got a call from a homeowner who has the property next to my rental on Belmont Ave:

He got a citation for using his carport out front. This carport has been in use long before the 2001. Apparently my property is being cited as well, which will stink for my tenant since she uses the parking space. I bought the place back in 1999 with the active carport.

Was their any grandfathering clause when the 2001 law was passed?

Posted on: 2011/12/2 16:31
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Santa in Hamilton Park.
Home away from home
Home away from home


Santa will be appearing in Hamilton Park tomorrow, Saturday 3rd December 2011. This is an authentic Santa with English accent, which is how they speak at the North Pole.



The Hamilton Park Neighborhood Association invites you to join us for our annual Christmas Tree Lighting Saturday 3rd December at 5pm.

Muscial merriment provided by the McNair Academic High School Choir.


Robin.

Posted on: 2011/12/2 15:24
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