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Lefrak Lighthouse at Newport
Newbie
Newbie


I noticed an attractive lighthouse on the waterfront not far from the Newport Mall. I am interested in lighthouses so I am curious. When was it built? Is it a real lighthouse or just decorative? I found 2 different names for it: Lefrak Point Lighthouse as well as Liberty Point Lighthouse. Which is the correct name? I will try to take photos next week so I need to know if it is open to the public. The lighthouse near where I live at Coney Island is completely off-limits to visitors as Seagate is a gated community.

Posted on: 2007/9/27 12:54
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Re: How to (attempt to) buy an election, Hudson county style @ $70 a vote
Just can't stay away
Just can't stay away


Nungfutz, your post comprises a bunch of falacies.
Green card holders cannot tell jury duty go f... itself. Actually, green card holders cannot take jury duty. So, for the few perverts who would enjoy it, and for all green card holders, there is NO choice.
Next: dual citizenship is de facto tolerated by the United States. People who get US citizenship and choose to keep their previous one too are not subject to any penalty.
Moreover, from our side, the propaganda has it that it that it is better to have a US citizenship than anything else. It's been years since the BBC started preaching about the Thailand problem - thousands of Brits are in jail there, with no fair defense, with no chance of doing their time at home, while most Americans are sent home where they are punished less severe. (Thailand laws are extremely tough.)
Also, I remember a string of DWI killings of East Europeans, from Poland to Bulgaria, by regular Americans. As soon as it happens, the Americans are flown home, where they are judged without witnesses (most East Europeans cannot afford to travel here, because it is expensive and visa are issued in a billion years) and acquitted. Do you think any country in the world would be able to save me from here, the same way?
Other than that, my main worry which would prevent me from getting the citizenship is a possible reintroduction of the draft. That is scary. Yesterday at the UN, even Mugabe had a point

Posted on: 2007/9/27 12:23
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Re: Post your Pimp Sightings Here
Home away from home
Home away from home


I see the pimp all the time around Varick and Bright. AND I've said
"hi" to him a few times and he returns it with an extended "hellooooo" and then gives me a look like he's interested in more than just neighborly hellos. I swear. He is a player! And, if you look closely, you can tell that he's old enough to be a grandpa but he thinks he's the bomb diggity.

BTW, I don't think he's a REAL pimp. Just a super fly daddy.

Posted on: 2007/9/27 12:22
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Re: FOR MERRILL, SIZE COUNTS -- Options might force them to develop a second building in Jersey City
Quite a regular
Quite a regular


Northen NJ is part of the New York Federal Reserve Disrtict. Also, Merrill Lynch is an investment bank not a commercial bank and is not regulated by the Federal Reserve like JP Morgan chase. Merrill is regulated by the SEC. Merrill is going to move where it makes most sense. It has quite a presence in JC already and if it decides to increase that, then all the better.

Posted on: 2007/9/27 11:32
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Re: JC Real Estate Market Recent Activity
Quite a regular
Quite a regular


The JC real estate market is really two markets, downtown and the rest of the city. I live in Paulus Hook and realtors are calling me begging to sell my apartment because the demand for apts in my neighborhood outstrips supply.

Posted on: 2007/9/27 11:25
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Re: JC Real Estate Market Recent Activity
Newbie
Newbie


Jersey City can't be put in the same category as the rest of the country and RE prices will probably not drop but rather remain flat for a few reasons.

Take the 20 - 30 something generation right now. 10 years ago they would never consider living in Jersey City if it were a choice between JC, Manhattan, Hoboken or elsewhere. There are enough people that are being priced out of those areas and now are having a "second think" about living in Jersey City. That will sustain enough demand to buy places.

Jersey City has been behind the curve when it comes to prices for a number of years and over the past 10 years has been catching up so to speak. In 2000 a 750 square foot, 2 bedroom apartment in Hoboken would so for about $280,000 whereas you could get a simular one downtown for about $150,000. Now the prices are a lot closer (maybe $400k v's $300k). Jersey City still has an element of added value on prices per sf which is still enough to attract folks here not that wouldn't consider JC a few years back.

While existing market conditions (ie countrywide flat RE market, rising interest rates etc) may be contributing factors to prices being flat of downwards slightly my first 2 points above should be factors why Jersey City RE prices will be stronger than most other places.

Posted on: 2007/9/27 10:38
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Re: JC Real Estate Market Recent Activity
Home away from home
Home away from home


Quote:

brewster wrote:

Rates haven't gotten near 9.5 for qualified buyers and even that payment isn't nearly double original the payment. What it would be double of is the ridiculous ARM's and "interest only" loans people took. So there's more than one variable than rates, you've got to include the banks current skittishness.


This is a better analysis than mine.

On the other hand: I think that people are less likely to take out the wacky mortgage loans now, so, on average, maybe the effective average cost per $1,000 of actual loan value in the real world has increased more than 200% because the mix of loan types has changed a bunch.

One question I would have is if there are any people here who've actually gotten regular jumbo mortgages since mid-August and, if so, what the rates really were.

Quote:
in DTJC it's not the same people buying as 10 years ago.


Clearly. And maybe the shift is going to continue, because the Jersey City parents I meet who've moved out to the suburban-type suburbs don't seem to be all that thrilled with the suburbs. It could be that a lot of parents who would have chosen the suburbs in the past are going to go with Waterfront Montessori or take a deep breath and try P.S. 37.

Posted on: 2007/9/27 6:45
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Re: MANZO: SEND IN GUARD -- Not solution to gangs, Healy says
Home away from home
Home away from home


I think it's an excellent idea to have the national guard do surveillance and shooting of the criminals if necessary. Hwoever, I would prefer that the criminals are locked away for 10-20 years.

Posted on: 2007/9/27 6:45
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Re: How to (attempt to) buy an election, Hudson county style @ $70 a vote
Home away from home
Home away from home


The 2 biggest disincentives for people with Green Cards vs full citizenship are:

1. Forced Jury service. Green Card holders can tell the jury service demands to go F itself.
2. Abandonment of dual citizenship - why drop protections from another state for the limited and usually lesser citizen protections offered by the US?

Sooo... green card holders get the right to sit on juries and abandon protections from another state so they can vote for the machine or anti-machine? Duh!

Posted on: 2007/9/27 6:05
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Re: MANZO: SEND IN GUARD -- Not solution to gangs, Healy says
Home away from home
Home away from home


Quote:

jc4life wrote:
I rarely agree with politicians but i think its a good idea. Cops dont do anything to curb the situation because they get labeled as racist and profilers. Most of these profiles are correct but their hands are tied or they are just to lazy to fill out the paperwork. Im a hispanic and I would like nothing better than for the national guard to patrol the streets to get the criminal element off of it. I would like be able to walk down any street without running into a bunch of loser gang members who prey on the weak. Cowards



Im not an expert, but i woulda thought u need to tackle gangs with the law and not the military. If local law enforcement can't handle the execution of the law, then there are grounds for outside forces. Atm, I fail to see where the national guard can help here without stronger laws.

Posted on: 2007/9/27 4:49
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Re: JC Real Estate Market Recent Activity
Home away from home
Home away from home


Alb, your notion of prices being relative to consumer buying power has validity, but your sense of proportion is off. If we borrowed $600k at a 30 yr our payments would look like this:

5.5%=3406

7.5%=4195.29

9.5%=5045.13

Rates haven't gotten near 9.5 for qualified buyers and even that payment isn't nearly double original the payment. What it would be double of is the ridiculous ARM's and "interest only" loans people took. So there's more than one variable than rates, you've got to include the banks current skittishness.

SO my point about downtown vs Teaneck is that the same population in Teaneck will no longer be able to afford as big a loan, but in DTJC it's not the same people buying as 10 years ago. The demographic has changed, and accounts for a percentage of the price rise. Just how much remains to be seen.

Loan calculators can be fun http://www.bankrate.com/brm/popcalc2.asp

Posted on: 2007/9/27 4:06
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Re: JC Real Estate Market Recent Activity
Home away from home
Home away from home


Quote:

brewster wrote:
I think it will sink some, just like Hoboken did in the 90's despite a similar demographic change. I can't see a reason a ranch in Teaneck can't drop 50% after rising 300%, but a 20% drop here would be reasonable to expect, perhaps more.


One way to estimate the drop would be to start with the actual monthly payment and work backwards.

If interest rates have increased, then the higher interest rates will increase monthly payments a lot.

If, say, the typical monthly payment on a $600,000 mortgage loan was $3,000 per month in 2002 and is now really about $6,000 per month, then, from the perspective of the buyer, the same $600,000 loan is twice as expensive, even though it's for the same amount of money.

In other words, to a buyer, the monthly cost of owning a typical $600,000 Jersey City home is twice as high as it was a few years back. If, even after the slump, the price has risen to, say, $800,000, then the monthly cost of ownership is 2.66 times as high, not just 1.33 times as high. The price would have to fall 25% just to get the monthly payment down to 2 times the 2002 payment.

Posted on: 2007/9/27 3:42
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Re: Mural Artist Wanted
Just can't stay away
Just can't stay away


Thanks Clam!

I will forward the website to my friend. Andrea's email contact info is on there so my friend can reach out to her directly.

Posted on: 2007/9/27 3:05
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Re: Post your Pimp Sightings Here
Newbie
Newbie


He's still here. I saw him 2 weeks ago in a health food store in the Village! I saw him again about 15 minutes later on the 9th st PATH platform going back to Jersey City. He was wearing a cream colored pinstripe suit.

Posted on: 2007/9/27 2:58
Kilroy was here!
 Top 


Re: MANZO: SEND IN GUARD -- Not solution to gangs, Healy says
Newbie
Newbie


I rarely agree with politicians but i think its a good idea. Cops dont do anything to curb the situation because they get labeled as racist and profilers. Most of these profiles are correct but their hands are tied or they are just to lazy to fill out the paperwork. Im a hispanic and I would like nothing better than for the national guard to patrol the streets to get the criminal element off of it. I would like be able to walk down any street without running into a bunch of loser gang members who prey on the weak. Cowards

Posted on: 2007/9/27 2:54
 Top 


Re: Booker T. Washington Housing: One Dead After Shooting in Jersey City
Newbie
Newbie


They should have never torn down Lafayette PJs. Sure, it wasnt a good area but at least it wasnt concentrated in one place. All the element from there moved to Booker T. and there was always a lot of bad blood between them

Posted on: 2007/9/27 2:29
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Re: Mural Artist Wanted
Newbie
Newbie


I know someone who would be perfect -- should I tell her to reply to your post? Or do you have an email address I can pass along to her??

Her site is: http://www.kneehigh.net

Posted on: 2007/9/27 2:10
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Re: Downtown Jersey City Rap label drug bust, 23 arrests
Newbie
Newbie


I went to high school with some of those pricks, its about time they got shut down. lol

Posted on: 2007/9/27 2:05
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Re: Wayne Street Issues
Newbie
Newbie


Hello All ,Wayne st. has always been a problem street all my life and im a lifelong jc downtown resident. It seems to have gotten worse from what i read on this board. I beleive the main problem is that little park in the middle of the block. They should lock it up after a certain time or build a small precinct like they did in Newport Mall.

Posted on: 2007/9/27 1:55
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Re: How to (attempt to) buy an election, Hudson county style @ $70 a vote
Home away from home
Home away from home


Quote:

jennymayla wrote:
It's not necessarily a Hudson County thing.

Four billion dollars were spent in the 2004 presidential and congressional elections. (An estimated $1.2 billion were reportedly spent between Kerry and Bush alone.)

Four
Billion
Dollars


That's marketing, baby.


Marketing is one thing, purchasing is another. A presidential candidate spent $600m to get 60m votes, thats $10 per, mostly used for television ads. Campos paid $70 per "worker" in his ward, out of a total contributed war chest of $113k. That's $140 per vote, 14 times what the presidential race cost.

It would probably be quite a netsurfing project to see if any elections anywhere can top that.

Posted on: 2007/9/27 1:49
 Top 


Re: How to (attempt to) buy an election, Hudson county style @ $70 a vote
Home away from home
Home away from home


It's not necessarily a Hudson County thing.

Four billion dollars were spent in the 2004 presidential and congressional elections. (An estimated $1.2 billion were reportedly spent between Kerry and Bush alone.)

Four
Billion
Dollars


That's marketing, baby.

Posted on: 2007/9/27 0:21
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Re: FOR MERRILL, SIZE COUNTS -- Options might force them to develop a second building in Jersey City
Just can't stay away
Just can't stay away


Quote:
they could be JP Morgan, and stuck with a hideous eyesore of a building that is being proposed for the bargain price of $2 billion, and is practically begging for a terrorist attack

Magnificent piece of propaganda. I don't know about you, but when you ask me 3 or 10 or 20 most famous buildings in Manhattan, this one doesn't come to mind.
Maybe companies that move to NJ cannot have representatives in the NYC branch of the Federal Reserve?

Posted on: 2007/9/26 22:53
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Re: How to (attempt to) buy an election, Hudson county style @ $70 a vote
Home away from home
Home away from home


Quote:

ianmac47 wrote:
Well actually, Corzine spent around $40 per vote, and Boomberg spent twice that, thought that didn't actually go directly to the voters.


I DO think that makes a difference! While it may be more efficient to simply pay the voters rather than spend the same on advertising to convince them to vote for you, it seems to me it undercuts what little we have left of democracy.

Posted on: 2007/9/26 22:36
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Re: How to (attempt to) buy an election, Hudson county style @ $70 a vote
Home away from home
Home away from home


Well actually, Corzine spent around $40 per vote, and Boomberg spent twice that, thought that didn't actually go directly to the voters.

Posted on: 2007/9/26 22:30
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Re: JC Real Estate Market Recent Activity
Home away from home
Home away from home


Quote:

lowkey2 wrote:
For people wondering about Jersey City. I think it is completely different than 99% of other markets in this country.

It is undergoing a major change over the last 10 years which will more than compensate for uncertainties in the mortgage and housing markets as a whole.


While I agree with that, as opposed to numerous areas where the demographic stayed the same, just paying more with ridiculous mortgages. I think it will sink some, just like Hoboken did in the 90's despite a similar demographic change. I can't see a reason a ranch in Teaneck can't drop 50% after rising 300%, but a 20% drop here would be reasonable to expect, perhaps more.

Posted on: 2007/9/26 22:28
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Re: FOR MERRILL, SIZE COUNTS -- Options might force them to develop a second building in Jersey City.
Newbie
Newbie


Merrill will never leave the city. They are considering other sites not mentioned in this article and are just playing their hand. Remember when Goldman was going to move their trading operations to Hudson St.? That building is twice the size it needed to be to house the type of operations they have there and now they are building a much bigger complex in Battery Park which will be their real homestead for trading operations.

JC rules and I wish one of these financials had the balz to really move their "mission critical" operations here.

Posted on: 2007/9/26 22:16
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Re: How to (attempt to) buy an election, Hudson county style @ $70 a vote
Home away from home
Home away from home


Quote:

ianmac47 wrote:
In this case, like I said previously, it at the very least seems scandalous because they all reside in the ward. But at the same time, a simple explanation could be that these people were working the entire city of Hoboken, not just the ward, on his campaign was footing the bill because he had the money in his account.


Your explanation might seem reasonable if he hadn't paid 1 person for every 2 that voted for him. I'd bet the Corzine campaign didn't pay 1 out of 100.

Posted on: 2007/9/26 22:13
 Top 


Re: JC Real Estate Market Recent Activity
Not too shy to talk
Not too shy to talk


For people wondering about Jersey City. I think it is completely different than 99% of other markets in this country.

It is undergoing a major change over the last 10 years which will more than compensate for uncertainties in the mortgage and housing markets as a whole.

Posted on: 2007/9/26 21:50
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Re: Article About Your Tax Dollars - Steven Fulop
Home away from home
Home away from home


Quote:

GrovePath wrote:
City rejects 2nd unauthorized bill

Wednesday, September 26, 2007
By KEN THORBOURNE
JERSEY JOURNAL STAFF WRITER

The Urban Times News is at it again.

According to state law, the city's legal ads must be published in The Jersey Journal as the largest English-language newspaper that's sold in the city, officials said.

Bobby Jackson, publisher of the Urban Times News, couldn't be reached for comment.


THE UTN...My Favorite Subject ,

According to state law, all legal ads must be done in a minimum of two qualified newspapers of periodical publication , has a first class postal permit, has an office that is accessible to the general public Monday - Friday normal business hour and these items must be in effect for two years.

The state does NOT mandate which papers are used, they only mandates some of the items I mentioned above, this is for the Council to vote on during it's reorganization meeting.

Posted on: 2007/9/26 20:53

Edited by r_pinkowitz on 2007/9/26 21:15:28
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Mural Artist Wanted
Just can't stay away
Just can't stay away


Hi

A friend of mine who lives in the heights is due to have her baby in March and she is looking for someone to paint a mural in the baby's room.

She is looking for a sky and clouds on the ceiling and possibly a tree, ladybugs etc... on one wall.

Are there any interested artists on this site that she can contact?

Thanks!

Posted on: 2007/9/26 19:08
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