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SRhia

Re: Is Jersey City Real Estate in a bubble?

#121

Home away from home

Quote:

jcwalkingman wrote:
It appears that one of the most active developers downtown thinks there may be a bubble. Prices were slashed by about 30% on units in one of the few new condo buildings downtown yesterday.

So - which building/developer is it???

Posted on: 2015/10/21 23:55

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SRhia

Re: Is Jersey City Real Estate in a bubble?

#122

Home away from home

I think the "think long term" approach is definitely correct in regards to Real estate. however, for anyone with limited money in the bank, a 1-bedroom costing $350K (circa 2010) is very different than what it could cost today (around $500k+), and a brownstone in the same period (probably $500K+ difference in purchase price)?

As much as I'd like to buy a brownstone today, I don't have the down payment, nor the ability to pay monthly mortgage payments for a $1.5mil property. However, if it's "only" $1mil, then perhaps there's some hope for me...

Posted on: 2015/10/21 18:40

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SRhia

Re: Is Jersey City Real Estate in a bubble?

#123

Home away from home

Quote:

jcwalkingman wrote:
I've been in the market to buy a condo and looking at units in the newer buildings downtown (Grove Pointe, Waldo Lofts, Gulls Cove, and Sutton) and pretty much every single one bedroom that's been for sale since at least August was being held as an investment unit prior to being listed. If the investors are all cashing out now, it doesn't seem like there's much confidence in prices appreciating too much further. I've put my search on hold & plan on riding this one out...

I won't go into the risks of buying now in this post because I've been posting about them for at least a year in this thread, but I will say that this is a really really bad time to buy downtown (just look at all the things propping the market up right now...)

I thought the same - I noticed that there's a larger than usual number of brownstones/whole buildings coming onto the market in the last 2 months or so, where in the previous 2 years, there were very few. My thoughts were same as yours - people are trying to cash out before the market tanks...

Posted on: 2015/10/21 0:45

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SRhia

Re: Is Jersey City Real Estate in a bubble?

#124

Home away from home

Quote:

JCMan8 wrote:
SRhia, the last time we had a major downturn, the stock market plummeted. Do you know if the people you are referring to also took their money out of the market?

The husband told me (1) not to go into bonds (coming from a bond guy); (2) not time for commodities yet either; (3) stock market is still the place to be for the long run. I think what he meant (if I understood him correctly) is that the stock market may/probably will tank (along with everything), but once that happens, between bonds and stocks, he'd still put his money in stocks as that would still outperform bonds in the loooooong road to recovery.

I'm shifting my portfolio to cash (not just based on what he told me, but from all the reading I've done), and is waiting for that opportunity that I'll be set for retirement. Fingers crossed!!!!!

PS I just hope I'll pull the trigger at the right time. Otherwise, the bet could go very wrong, and I'll lose my pants and say bye bye to retirement

Posted on: 2015/10/21 0:05

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SRhia

Re: Is Jersey City Real Estate in a bubble?

#125

Home away from home

@jcguy05 - how long do you think it'll take prices to come down? We've been dreaming to upgrade from an apartment to brownstone, and is now saving money. I know no one can predict the future, but I'm interested in hearing your thoughts on how long it will take to deflate this time around.

Just as an anecdote, I have a friend who lives in Brooklyn Heights. Her husband is in finance (a "bond" guy), and have told his wife (my friend) to sell their apartment there. He sees a major downturn (worse than 2008), and for much longer, and therefore does not want their assets tied to illiquid real estate. Her apartment was sold in 2 days, in cash, above asking price. She also said that a lot of her neighbors have sold as well in the area.

Posted on: 2015/10/20 21:47

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SRhia

Re: PATH (pathetic attempt at transporting humans)

#126

Home away from home

Hmmm, it's not that I don't trust announcements from PATH, it's just not that I don't think those people are capable of knowing what's happening in their own system.

But wait, they've actually out right lied to us a few times in the past too.

Quote:

07310 wrote:
They are claiming everything is back to normal.

10/10/2015 3:26:45 PM

Path train service is resuming normal operations, NWK-WTC 00,20,40 WTC-NWK 07,27,47. Jsq.-33rd will resume normal weekend service.

http://www.airportinfoalerts.com/recent_pathalerts.aspx

Posted on: 2015/10/11 1:11

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SRhia

Re: PATH (pathetic attempt at transporting humans)

#127

Home away from home

It was REALLY BAD at 9am this morning too. At that time, it appeared that (God knows what the announcers were saying through those speakers) they only had one track running, so all the folks coming from HOB had to get off at Grove to wait for another train (to go towards NWK, I assume), while the platform was already full with people waiting to go to NYC. When the WTO train came, it was already FULLY packed. Thank god a lot of people got off at Grove (I guess to switch trains to go to HOB?) so that we can re-pack the train to it's full extent. Poor folks at Exchange Place - no room for them.

This is A LOT worse than the usual weekend trains.

Also, I don't understand why they have to announce every 2 seconds that due to weekend track maintenance, there's delays. There are ALWAYS delays every weekend, why bother with that stupid announcement.

My fear is that - as bad as the PATH train is, I bet it can get a lot worse before it gets better (if ever).

Posted on: 2015/10/10 21:49

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SRhia

Re: PATH-Weary Jersey City Wants to Build a Pedestrian Bridge to Manhattan

#128

Home away from home

And - they can have CitiBIkes on both ends of the bridge! That would make it a 5-minute crossing (but most people would probably continue biking to their destination / subway station). Although with potentially a lot people crossing, I'm not sure how safe it will be.

But I love the idea nonetheless!!!

Posted on: 2015/10/8 20:15

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SRhia

Re: Thirty Acres Restaurant- Jersey Avenue

#129

Home away from home

So sad to see them go.

I hope whoever takes over that space will be just as worthy!!!

Posted on: 2015/10/6 1:04

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SRhia

Re: Joaquin could impact N.J., pose biggest threat since Sandy

#130

Home away from home

Quote:

meowmix wrote:
A refresher for those of us who have mentally blocked out our Sandy experience: What were the factors that made Sandy so damaging to Jersey City?

I think it was a combination of high tide and big storm surge? Wasn't that much rain overall.

Posted on: 2015/10/1 21:33

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SRhia

Re: Joaquin could impact N.J., pose biggest threat since Sandy

#131

Home away from home

So, it sounds like I won't need to go to the supermarket today and clean out all the shelves?

Posted on: 2015/10/1 14:30

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SRhia

Re: Obgyn for pregnancy

#132

Home away from home

I went to NYU hospital around 33rd street for my delivery. It actually wasn't hard to get there. I'd still recommend it (although my last delivery there was 7 years ago

I've heard mixed reviews about the Jersey City Medical center over the years.

Between JC, Hoboken and NYC, there are quite a number of hospital options, so I'd recommend you do all the hospital tours and see which one you're comfortable with, and then pick the OBGYN that's associated with that hospital.

Posted on: 2015/9/30 23:43

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SRhia

Re: Liberty State Park lawn closures

#133

Home away from home

I checked the website and there are a lot of activities listed. Are all of them for the scouts only, or can the general public participate some of the activities during the day?

Posted on: 2015/9/28 23:58

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SRhia

Re: Authenticating a notarized document

#134

Home away from home

Thank you bodhipooh - you're very right! The entire process doesn't end after the County Clerk authentication (for my purposes, I'll need to have the notarized and authenticated document verified and "translated" at my country's embassy in NYC before I can send it over seas).

I want to do everything only once (which is painful enough), so I'm trying to make sure I follow all the steps, and do as much research beforehand as possible.

Quote:

bodhipooh wrote:
Quote:

SRhia wrote:
Thanks for the info!

So - has anyone done this authorization before??? Just want to get an idea whether it'll be a painful, or painless, process.

TIA.

Quote:

sepecat wrote:
You wont find a the county clerk at city hall. You'll have to go the County building.

http://www.hudsoncountyclerk.org/

257 Cornelison Avenue - 4th Floor
Jersey City NJ 07302

My one advice/observation is to really, really understand what it is that needs to happen to/with the document. Based on the sparse description you provide, it is to be used outside of the US. Often times, when that is the case, it usually means that the document needs to have an apostille that conforms with the Hague Treaty requirements. Once you are really clear on what needs to happen, then make those requirements/instructions very clear to whatever authority you are using to have it done.

Here is a link that explains more about apostilles and authentications of documents: http://travel.state.gov/content/trave ... ication-of-documents.html

Posted on: 2015/9/23 21:54

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SRhia

Re: Authenticating a notarized document

#135

Home away from home

Thanks for the info!

So - has anyone done this authorization before??? Just want to get an idea whether it'll be a painful, or painless, process.

TIA.

Quote:

sepecat wrote:
You wont find a the county clerk at city hall. You'll have to go the County building.

http://www.hudsoncountyclerk.org/

257 Cornelison Avenue - 4th Floor
Jersey City NJ 07302

Posted on: 2015/9/23 1:33

Topic | Forum

SRhia

Re: Post your Pimp Sightings Here

#136

Home away from home

Saw the pimp today - all purple!!! He was talking the PATH train at WTC.

I really wonder what he does.

Posted on: 2015/9/22 1:30

Topic | Forum

SRhia

Re: All About Downtown Street Fair

#137

Home away from home

I thought the street fair had great turnout, as well as very interesting vendors - much better than the standard "street fairs" in manhattan.

however, it was so many people, it was hard walking through Newark (between the stalls, people just walking/browsing, and people lining up to get stuff, kids, strollers, dogs, etc). Perhaps the organizer would consider moving the event to wider streets next year?

Posted on: 2015/9/20 14:08

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SRhia

Re: PSE&G Jackhammer Nightmare

#138

Home away from home

I did some errands around Grove Str area today (the dry cleaner, key food, Prato, then around to VVP). Between PSG&G, the big developers, medium developers, and home owner renovations, I was surprised how many constructions of varying degrees are happening around downtown. It was like a war zone!!!

Posted on: 2015/9/19 1:26

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SRhia

Authenticating a notarized document

#139

Home away from home

Hi all - I need to have a notarized document (Power of Attorney) authenticated - by Secretary of State or County clerk (the document is to be used outside of US).

I've found some standard instructions on the process online, but I'm wondering if anyone has actually done this in person? Can I go to City Hall to find the "County Clerk" directly, or actually mail it in to somewhere?

Any help or pointers would be much appreciated.

Thanks in advance.

Posted on: 2015/9/19 1:22

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SRhia

Re: Seeking: otolaryngologist recommendation (for perforated ear drum)

#140

Home away from home

Thanks for all the suggestions so far! Keep them coming!

Posted on: 2015/9/14 20:11

Topic | Forum

SRhia

Seeking: otolaryngologist recommendation (for perforated ear drum)

#141

Home away from home

I have a perforated ear drum that is not healing on its own. I'm wondering if anyone can recommend a good doctor/otolaryngologist around the local area (Jersey City, Hoboken, or Manhattan - anywhere that's accessible via public transportation).

TIA.

Posted on: 2015/9/13 22:35

Topic | Forum

SRhia

Re: Is Jersey City Real Estate in a bubble?

#142

Home away from home

Quote:

jcwalkingman wrote:

........

One last note - I've gone to several open houses in the past few weeks and all the units I've seen were investor-owned. Seems like investors are starting to cash in.

I have noticed that quite a few brownstones have gone on the market recently (550 Jersey, 556 Jersey, one on Morris near the Light Horse, and a big one on Montgomery by VVP), more than usual in the last few years. I'm no expert in real estate, but my first thought after seeing those listings was that "are we peaking? are people trying to cash in before the price crashes?"

Posted on: 2015/9/4 16:52

Topic | Forum

SRhia

Re: Fulop Shuts Down PSEG in Jersey City

#143

Home away from home

Remember those crazy tree trimmings by PSE&G sometime ago??? They did just as a good job on that, as the street and sidewalks now.

Posted on: 2015/8/17 21:50

Topic | Forum

SRhia

Re: Is Jersey City Real Estate in a bubble?

#144

Home away from home

Given the recent shakiness of the chinese economy, it's also possible that you'll see more chinese people moving their money out of china, to other "safe havens".

At least that's what I would do if I were in china. It's history does not bode well for it's potential future.

Posted on: 2015/8/14 17:57

Topic | Forum

SRhia

Re: Volunteer opportunities

#145

Home away from home

Thank you! I'll look into that!

Posted on: 2015/8/12 14:25

Topic | Forum

SRhia

Re: Is Jersey City Real Estate in a bubble?

#146

Home away from home

Are people already moving into Charles & Co by City Hall - I saw some moving trucks over the weekend.

Does anyone know how well/fast the rentals are going?

Posted on: 2015/8/11 17:30

Topic | Forum

SRhia

Re: Activities for kids??

#147

Home away from home

If you're taking the ferry over to world financial, you should definitely go to battery park. There are multiple playgrounds, and large areas there. Tons of fun!

Posted on: 2015/8/11 0:34

Topic | Forum

SRhia

Volunteer opportunities

#148

Home away from home

Does anyone know of interesting opportunities in JC, or in NYC?

I've spent several years at home with the little ones, but is in increasing need of doing something challenging, and have intelligent conversations in my life

Looking for something that requires a few hours of time every week.

I know I can google and get a few hits easily, but is looking for something that people knows, or have good experience with.

TIA.

Posted on: 2015/8/9 23:19

Topic | Forum

SRhia

Re: Buying "Hold" Properties in JC Ghetto

#149

Home away from home

What are some good blocks in Berg-Layf?

Not familiar with the area (no car), but definitely interested. I've heard Astor Pl is nice.

Can others suggest some good blocks as starting points?

Thx.

Posted on: 2015/8/6 15:53

Topic | Forum

SRhia

Re: Sandy Hook on saturday - what time to get there?

#150

Home away from home

Yes, it was sandy hook.

next time we'll try asbury!!! hopefully next week - if weather permits!!!

Posted on: 2015/8/2 0:47

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