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Re: The Pandemic's effect on the Jersey City and overall Urban Real Estate Market
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I suspect commercial A & B grade office space is going to be seriously affected in the coming 12 to 24 months. My company is one of many I found out that has been doing employee surveys, which seemed to be geared towards, "can we keep this work from home permanent". I am sure the cost of rent is a major motivating factor. My wife commented that her company is more productive with everyone not going to the office, utilizing online web conferencing instead. Plus she saves 2.5 hours a day in round trip commute time. I doubt she is alone in this assessment.

Another area I suspect is going to get hit is health clubs. For months, I have had gym equipment sitting in a virtual shopping cart, waiting for my budget to allow purchase. Tried to purchase it last week..

Everything is sold out... in fact, the entire damn company is sold out of just about everything. Turns out this is happening industry wide with companies that make weights, stationary bikes, etc.

If you just invested $5k in a home gym, are you going to bother with a gym membership ever again?

Posted on: 2020/5/8 12:16
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Re: "Jersey City mayor would build more housing for gentrifiers, call it ‘affordable’"
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Maybe Fulop can find someone to build an Arcology on the property next to Rt. 440.

Make it with the 'ideal mix of housing' that certain social engineers love so much.

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Posted on: 2020/4/30 12:41
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Re: Water main break?
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I am getting calls from more tenants now that have no water. I guess I am lucky to at least have some.

Typically after a main break we get hours of brown / rust filled water, once pressure is restored.

Posted on: 2020/4/28 19:59
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Water main break?
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I got low water pressure here in the Heights and my tenant (near St. Peter's College) just called me to say she has no water.

We got a major main break somewhere?

Posted on: 2020/4/28 19:22
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Re: Coronavirus is now in Hudson County
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I was in Stop&Shop in the Heights on Friday and Saturday. Looks like things are starting to restock, with chicken, dairy, and paper products (still no toilet paper though) making it back on to the shelves.

Certain canned items are running out though.. like coconut milk. I guess it has to do with the large number of people who use it (i.e. Indians) suddenly having to cook at home much more than usual. Ramen noodles always seem to be out as well... But that might just be starving Millennials grabbing up all the stock.

Posted on: 2020/4/28 19:06
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Re: Coronavirus is now in Hudson County
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Quote:

Frinjc wrote:
I am with comcast and last Friday I noticed a slowdown as well on my company laptop - was not doing too much multitasking on my personal laptop at the time. Maybe everybody is looking at disinfectant youtube videos?


My connection sped back up last night and seems okay this morning. I was finally able to download the latest Windows 10 updates and saving files on Sharepoint works fine again.

Microsoft Onedrive is still moving at a snail's pace though. I am uploading a huge batch of files to a local drive.. its taking days. I feel like I am interneting like its 1999.. and I am still on dialup.

Posted on: 2020/4/28 14:04
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Re: Coronavirus is now in Hudson County
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Side topic...

Has anyone here using Fios noticed a slowdown, in particular on the download speeds? I have been seeing around 50% with periods of 90% drop.

Not sure if this is due to a massive added bandwith demands from movie streaming to teleconference.. or I have something going on with my router (yes.. I did reboot it).

Posted on: 2020/4/27 18:19
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Re: Coronavirus is now in Hudson County
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Posted on: 2020/4/25 18:11
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Re: The Pandemic's effect on the Jersey City and overall Urban Real Estate Market
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I am wondering if we will see for commercial properties, where there aren't often escrow accounts, a large number of missed tax payments for this coming quarter.

Posted on: 2020/4/25 16:26
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Re: Some Grubhub drivers are no-shows, N.J. restaurants say. ‘This might just put me out of business.’
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Given the fact that both my wife and I might be furloughed soon, maybe I should dig out a bio-warfare suit (bought as a goof.. its the real thing though) many years back out of the basement.

I could modify it a bit and do food deliveries like this:

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Posted on: 2020/3/30 15:19
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Re: Coronavirus is now in Hudson County
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If anyone needs to 're-supply', Stop&Shop shelves are starting to fill up again. There is a limit of any one item in the meat section you can buy though.

No toilet paper still...

Posted on: 2020/3/28 14:40
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Re: Coronavirus is now in Hudson County
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Quote:

bodhipooh wrote:
Quote:

MDM wrote:
Can anyone here see Fulop going into 'Italian Mayor mode' over the quarantines?


Definitely not now. For one, he does not strike me as the type. And, second, we don't have a lockdown order that imposes a curfew on all at all hours. People are still free to come and go, and are only being asked to reduce time outside, and to practice social distancing.



Technically we do have a lock-down order from the Governor. Unless your job falls into one of the critical categories, you have to stay home. You are allowed out to get necessities like food, medicine, and liquor (liquor stores are for now... "essential".. not that I am complaining).

How strictly is that being enforced? Given what I saw during my trip to Stop&Shop today.. not a whole lot. More than a few people out jogging and other hanging out on the track at Pershing Field.

Plus there is an ice cream truck going around my neighborhood. Technically.. it is 'food delivery'.. but still....

Posted on: 2020/3/27 22:58
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Re: Coronavirus is now in Hudson County
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Can anyone here see Fulop going into 'Italian Mayor mode' over the quarantines?

Posted on: 2020/3/26 22:54
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Re: Coronavirus is now in Hudson County
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Quote:


Dr. John Campbell update which includes info on the testing and actions to combat the spread...




Posted on: 2020/3/24 14:30
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Re: Coronavirus is now in Hudson County
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Quote:

brewster wrote:

Link?


Unfortunately it's was sent on Facebook from of one of my wife's friends working in medical, which I can't link here. It's also in Thai (my wife translated it for me).

I'll see if I can get it posted on Youtube with sub titles.

Posted on: 2020/3/24 14:26
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Re: Coronavirus is now in Hudson County
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A mutated strain of Covid-19 is now causing deaths in Thailand. Patients come in without any of the typical Covid-19 symptoms (dry cough, diarrhea, etc.)

Instead they come into the hospital with a severe headache. Spinal taps reveal the virus present. Patients have been suffering a shutdown of their central nervous system which leads to death.

Posted on: 2020/3/23 17:16
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Re: Coronavirus is now in Hudson County
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A partial list of treatments currently being tried on COVID-19 patients:

https://wattsupwiththat.com/2020/03/20 ... es-scientific-background/

Posted on: 2020/3/23 13:53
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Re: Coronavirus is now in Hudson County
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A dissenting opinion on Covid (just for FYI):

https://medium.com/six-four-six-nine/e ... ria-covid-19-1b767def5894


Excerpt:

The results of their research show that COVID-19 doesn?t spread as easily as we first thought or the media had us believe (remember people abandoned their dogs out of fear of getting infected). According to their report if you come in contact with someone who tests positive for COVID-19 you have a 1?5% chance of catching it as well. The variability is large because the infection is based on the type of contact and how long.

The majority of viral infections come from prolonged exposures in confined spaces with other infected individuals. Person-to-person and surface contact is by far the most common cause. From the WHO report, ?When a cluster of several infected people occurred in China, it was most often (78?85%) caused by an infection within the family by droplets and other carriers of infection in close contact with an infected person.



Another one from Richard Epstein of the Hoover Institute:

Podcast

https://www.hoover.org/research/coronavirus-isnt-pandemic

Posted on: 2020/3/21 20:39
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Re: Something went
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I read PSE&G sold the site and it's going to be redeveloped into a commercial / industrial park. Unfortunately is isn't in an Opportunity Zone.

Client I am working with originally was looking at Kearny (which is in the zone). Unfortunately, the site in question is under the Meadowlands Development Plan (now under the NJSEA). Dealing with them was pointless.

The former Hudson Generating station would be nice, but being in business hostile NJ and not being in an Opportunity Zone pretty much kills putting something there. Shame.. the location is ideal with barge and rail access.

Posted on: 2020/3/21 14:43
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Re: Something went 'Boom' around 7:00 AM?
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Found out what it was:

PSE&G demolished the stack at the former Hudson Generating station.

Posted on: 2020/3/21 11:45
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Something went 'Boom' around 7:00 AM?
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Heard a rather loud explosion. My half-asleep brain thought it was thunder, but their weren't any storms around at that time. Got ring alerts that other people in the Heights heard it too.

Any ideas what that was?

Posted on: 2020/3/21 11:26
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Re: Coronavirus is now in Hudson County
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More info on infection rates based on genetics, hormones, health....



https://www.preprints.org/manuscript/202003.0191/v1




Abstract:

The COVID19 coronavirus SARS-CoV2 spreading in Wuhan and now worldwide has been shown to use angiotensin-converting enzyme 2 ACE2 as its host cell receptor, like the severe acute respiratory syndrome coronavirus (SARS-CoV). Epidemiology studies found different sex and age groups have different susceptibility to infection, and very skewed severity and mortality of the virus infection, with male, old age, and comorbidity being the most inflicted. Here by analyzing GTEx and other public data in 30 tissues across thousands of individuals, we found significantly higher expression in Asian females compared to males and other ethnic groups, an age dependent ACE2 expression decrease and a highly significant decrease in type II diabetic patients. Consistently, the most significant expression quantitative loci (eQTLs) contributing to high ACE2 expression are close to 100% in East Asians, >30% higher than other ethnic groups. Together with the shockingly common enrichment of viral infection pathways among ACE2 anti-expressed genes, binding of virus infection-related transcription factors at ACE2 regulatory regions, the repression of ACE2 expression by inflammatory cytokines and by type 2 diabetes, and the induction by estrogen and androgen (both decrease with age) established a negative correlation between ACE2 expression and CovID19 fatality at both population and molecular levels. Our results will be instrumental when designing potential prevention and treatment strategies for ACE2 binding coronaviruses in general.

Posted on: 2020/3/20 18:25
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Re: Coronavirus is now in Hudson County
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Quote:

brewster wrote:


My favorite economic sideshow is how this is going to affect the shale plays. I've been hearing for years none of it was ever actually profitable, that it was all basically a debt fueled Ponzi scheme. So while right now energy prices are in freefall, the recovery may be with no fracking and virtual banking subsidy of energy prices. Great for alternative energy in the long run, but no the short.

WTF has happened to American Capitalism? Milton Friedman basically destroyed it. We've become of nation of grasshoppers, having no idea how to save for a rainy day on an institutional level.


Fracking: Yes and no. Gas is for the most part barely or unprofitable. About 35% to 40% of all the gas pulled out of the ground in the USA is burned off as a waste product (comes up with the oil). Gas just got too cheap and will probably stay that way for years.

Oil is for many producers profitable. The Saudis already tried to kill the US domestic drillers back in 2016 and failed. The Saudis dropping the price of oil ended up accelerating the pace of innovation. New wells now are approaching break even cost to that of Saudi Arabia itself.

As for WTF happened: Private profits / socialized costs. There is a disincentive to be fiscally prudent when the government bails you out (i.e. Citibank) and an incentive to boost stock price artificially (bonuses , paying compensation in stock or stock options). You have to get rid of the former (my preference.. I prefer "the stupid will be punished" approach) or heavily regulate / ban the latter.

Posted on: 2020/3/19 20:53
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Re: Coronavirus is now in Hudson County
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Quote:

brewster wrote:


If we're going to pick about numbers, lets start with the absurdity of those "mortality rates".


Late January I was incensed of the "it's just the flu" response to talk of shutting down travel from China and other countries early affected by it. I we-worked my schedule to travel as little as possible a month ago (my wife is in the 'at risk' group) to not be a vector for getting people at home sick.

I still think it is worse than the flu, based on the mortality figures, which for my age group and younger is about 100% more than the typical flu. It is double a very small number though.

Now we have gone into the over-reaction zone. Wouldn't it be more prudent at this point to isolate the 'at risk' people (diabetics, elderly, severely overweight, people on immune suppressants) instead of shutting down the whole damn country?

Posted on: 2020/3/19 20:44
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Re: Coronavirus is now in Hudson County
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Read an update from the guy working an ER in Miami. The key points:

Traffic is way down. The number of people who come in with minor issues has evaporated. New cases of people with Covid symptoms is also way down. He surmised the people with mild cases are just staying home.

Their intensive care units are full, but the overflow tent setup at the hospital remains empty.

Posted on: 2020/3/19 20:39
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Re: Coronavirus is now in Hudson County
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Anyone fluent in Italian? Here is a breakdown of deaths in Italy.

https://www.epicentro.iss.it/coronavir ... OVID-2019_17_marzo-v2.pdf

Per a Bloomberg article, 99% of the fatalities were already suffering from some other illness.

Posted on: 2020/3/19 18:08
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Re: 10 Things To Do At Home With Kids
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This also works:





Posted on: 2020/3/19 18:02
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Re: Coronavirus is now in Hudson County
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Breakdown of the deaths / recoveries in Wuhan, if you feel like getting into the statistical weeds....


https://www.thelancet.com/action/showP ... KvchBRDSxFRMpBuQeKyuBj6OU

Posted on: 2020/3/19 15:13
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Re: Coronavirus is now in Hudson County
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Quote:

brewster wrote:

That can't be right, according to my insane sister with a DVM and PhD, Covid is a Russian bioweapon with HIV DNA and they're releasing it sequentially in world cities to keep the hysteria going.

No end to crazy shit going around the net.


I tell people on my side of the political spectrum to back off on the conspiracy stuff and look at the fact in reality (SARS epidemic), science fiction, and 'disease war games' by the CDC, China is often 'the source' of a flu like outbreak:

Terrible pollution coupled with the fact the Chinese smoke like fiends (increases chances for respiratory infections)
Unsanitary conditions, people often living with their livestock in the same building
'Wet Markets' with wild animals sold



I am getting worried the economic fallout is going to be worse than Covid itself. My wife's employer (fashion) is in a crisis right now. Their customers are invoking Force Majeur clauses in their contracts to cancel orders, delay orders, and re-schedule payments.

There is $millions in inventory on ships, waiting to dock, that now has nowhere to go. Even if it did have someplace to go, there is not enough staff as the ports are basically shutdown to unload it. Meanwhile factories have to be paid, banks have insured those payments with irrevocable letters of credit, and the shipping companies have to keep paying their crews and fuel bills.

Basically it's a collapse of capital flows similar to what happened during the beginning of the Great Depressions.


Side note: Is Newport Mall completely closed? I got a pair of glasses I need to pick up at Lenscrafters.

Posted on: 2020/3/18 18:42
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Re: Coronavirus is now in Hudson County
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Quote:

brewster wrote:


Dude on JC Reddit thinks that stockpiling 200 rolls was not panic buying at all. People are bizarre.


Jersey City is now fining dollar stores for "price gouging". $10k per offense.

The other thing I noticed was cleaned out were the Ramen noodle packs.

The only thing I urged by Dad and my wife to buy extra were prescription meds. So much of that stuff relies on ingredients made in China that it created one hell of a logistic disruption.

Posted on: 2020/3/15 19:01
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