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Re: As prices flatten in popular suburban areas, prices still surge upwards in Jersey's cities.
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Home away from home
 
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I think the main thing that Downtown Jersey City has going forward is that all the new units make Jersey City seem MUCH SAFER and this should bring prices in-line with Hoboken and much of Brooklyn and Queens.
That is the main thing that has been keeping prices and rents very low in the past. Saftey is key to Downtown and I think it will soon feel as safe as Hoboken and the best parts of Brooklyn and Queens. Downtown Jersey City will balance with these places price wise and although some of these areas may fall I think Jersey City will rise to equal to them.
Posted on: 2006/10/30 22:16
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Re: As prices flatten in popular suburban areas, prices still surge upwards in Jersey's cities.
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Not too shy to talk
 
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Quote:
And what exactly do you need, RabbitX2??  Never mind, no need to explain ...
Posted on: 2006/10/30 22:04
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Re: As prices flatten in popular suburban areas, prices still surge upwards in Jersey's cities.
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Home away from home
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Quote:
not scorned, no fury. She is a ho and she doesnt have what a rabbit needs.
Posted on: 2006/10/30 21:53
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Re: As prices flatten in popular suburban areas, prices still surge upwards in Jersey's cities.
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Home away from home
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Quote:
Ah, the fury of a Rabbit scorned.
Posted on: 2006/10/30 21:36
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Re: As prices flatten in popular suburban areas, prices still surge upwards in Jersey's cities.
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Not too shy to talk
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While the prices are more normal now I do wonder how this huge influx of apartments/condos and new developments will change prices - In the Waldo area for example there are currently a few units for resale. Even though these units maybe less expensive then up coming properties they are not getting the attention/price points What happens in 1.5 years when there are 8 condo buildings all with 2 blocks of each other competing for buyers??
Posted on: 2006/10/30 21:22
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Re: As prices flatten in popular suburban areas, prices still surge upwards in Jersey's cities.
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Home away from home
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Quote:
Jennymayla is a ho and doesn't have the right plumbing in my books.
Posted on: 2006/10/30 21:10
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Re: As prices flatten in popular suburban areas, prices still surge upwards in Jersey's cities.
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Home away from home
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Quote:
Zen garage passed a long time ago Justy - yoou should get out more
Posted on: 2006/10/30 21:07
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Re: As prices flatten in popular suburban areas, prices still surge upwards in Jersey's cities.
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Home away from home
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Quote:
First Jennymayla cheats on RabbitRabbit with ErinMaiden. Now PhillyGirl is suspiciously chatting up JSalt after having been spotted flirting with jcpeace. This place is getting like 90210.
Posted on: 2006/10/30 20:12
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Re: As prices flatten in popular suburban areas, prices still surge upwards in Jersey's cities.
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Home away from home
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Quote:
You need to post up, here: http://jclist.com/modules/newbb/viewt ... pic_id=6709&forum=6&type=
Posted on: 2006/10/30 20:02
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"Someday a book will be written on how this city can be broke in the midst of all this development." ---Brewster
Oh, wait, there is one: The Jersey Sting. |
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Re: As prices flatten in popular suburban areas, prices still surge upwards in Jersey's cities.
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Quite a regular
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Wow! Thanks. I don't think anyone on this site has ever just said, "good point" to me.
You might be my new fave . . .
Posted on: 2006/10/30 19:49
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Re: As prices flatten in popular suburban areas, prices still surge upwards in Jersey's cities.
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Home away from home
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Quote:
That makes perfect sense. It's a very good point.
Posted on: 2006/10/30 19:01
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Re: Fight over closed area of Washington Street, now includes claim of racism by Paulus Hook Associa
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Just can't stay away
 
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It's amazing how much time and effort Sonia puts into this issue and it's not even near the newport area. There are many issues that concern the newport area and she does NOTHING!!! i.e. Path weekend service, ferry service, high heating bills, parking in the newport area. She does NOTHING except go after Fulop. To read something as slanderous into the public record when she didn't hear it herself. Well, she isn't very bright.
Posted on: 2006/10/30 18:50
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Re: As prices flatten in popular suburban areas, prices still surge upwards in Jersey's cities.
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Quite a regular
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From looking at what seem to be comparables in real estate office windows and in the JC Reporter, I am fairly certain that if I sold my condo today I would lose a good chunk of money. That is, I think it would sell for a noticable amount less than I paid for it.
That being said, I bought last June at the absolute peak, and I am not worried that in another year or two things will shake out. I suspect that the constant addition of the luxury building condos are propping up the average sale price. That is, our housing stock is getting ever fancier and thus more expensive, rather than the market value on the existing places actually increasing. Make sense?
Posted on: 2006/10/30 18:48
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Re: Downtown Jersey City Watch-Updates Thread
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Home away from home
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Quote:
Posted on: 2006/10/30 18:39
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 Help US Sue Spectra! Join OR Donate! |
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Re: Gargoyle at Basic.
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Just can't stay away
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I noticed that for the first time a couple of years ago; have no idea how long it's actually been there. Quite an unexpected sight! Looked to me like it might be southeast-Asian in origin, maybe Balinese, but I'm not sure. Very cool, in any case.
Posted on: 2006/10/30 18:31
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Re: Lost mail in Jersey City
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Home away from home
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Here is who you should contact:
Quote: Happy to be of service in any capacity! Please always feel free to contact us about any matter concerning postal operations in Jersey City.
Posted on: 2006/10/30 18:30
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Help US Sue Spectra! Join OR Donate! |
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Gargoyle at Basic.
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Home away from home
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A huge wooden gargoyle leers from the side exterior wall of the building which contains Basic.
If you stand on Erie near the curb and look up over the roof of Basic you will see it on the wall behind. Does anyone know what it is or how it got there? It is not something for Halloween, it seems to have been there for years. Robin.
Posted on: 2006/10/30 17:53
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Re: New York Times: Hudson County Waterfront Project Reflects 2 Images of a Senator
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Home away from home
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Quote:
LOL, having spent considerable time in both rural and urban NJ, I have to say the last two paragraphs of the article are dead on. 
Posted on: 2006/10/30 17:10
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"Someday a book will be written on how this city can be broke in the midst of all this development." ---Brewster
Oh, wait, there is one: The Jersey Sting. |
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Lost mail in Jersey City
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Just can't stay away
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Does anyone have anyproblems receiving their mail? My company seems to just not get their mail on a fairly regular basis. I call the post office, and while they are nice and they assure me all the mail is being delivered, I know it isn't. I have customers that have paid every invoice in a timely fashion, and then all of a sudden for 5 days in September my mail was not regular and many checks were lost. It is a hassle to call all these customers, and have them reissue checks, mostly because this is the 2nd or 3rd time for many of them.
So does anyone have any insight into how or why so much of my mail is getting lost? We moved 6 months ago and had some intial getting started problems, but now it is becoming a nusiance, getting mail doesn't seem like it should be rocket science, but I am nearing exasperation on this issue.
Posted on: 2006/10/30 17:02
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Re: New York Times: Hudson County Waterfront Project Reflects 2 Images of a Senator
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Home away from home
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I have no idea whether Menendez was really corrupt in this instance. My guess is that he's been corrupt in some instance. But, partisanship aside, I just hate the smarmy way Kean Jr. sounds when he chirps, "I approve this ad" at the end of the Scarinci ad.
Because I'm sure that, politics being what it is, Kean Sr. has probably done something that he wouldn't want on the front page of The New York Times. Kean Jr. just absolutely looks like he did stuff while in college that he wouldn't want to be on the front page of The New York Times, and he just totally looks and sounds like someone who's invested through some kind of white-shoe private equity firm in some kind of trust that owns an interest in a partnership that owns a stake in an L.L.C. that owns a stake in another L.L.C. that's letting chromium blow all over my kid's preschool playground. If that's not so, I think it's because the guy's been lazy or lucky, not because he's as pure as organic milk from the Swiss Alps. One thing I like about Corzine is that he just claims to want good things for New Jersey, not to be Mother Theresa.
Posted on: 2006/10/30 16:39
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Re: As prices flatten in popular suburban areas, prices still surge upwards in Jersey's cities.
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Home away from home
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Quote:
Sellers are definitely cutting their asking prices a lot, but it could be that the current, reduced asking prices are still a little higher than the October 2005 selling prices. Example: say a condo was advertused fir $457,000 in September 2005 and sold for $500,000 in October 2005. Maybe a would-be seller set the asking price at $550,000 in June 2005 and now has lowered the price to $505,000. So, the seller might have cut the asking price, AND that price might still be higher than either the year-ago asking price or the year-ago sale price. But another consideration is that time is money. Suppose a condo could sell for about $500,000 and the owner could then put the money in a very safe vehicle (such as a bank CD) and earn about $25,000 a year (about $2,000 a month) in interest. Then, even if the owner has already paid off the mortgage and owns the condo outright, every month of delay in selling the unit cuts the owner's total take by about $2,000. So, if the owner sticks to the $500,000 price but takes 6 months longer than expected to sell the condo, then, really, once you factor in the lost interest earnings, the owner is only getting about $475,000.
Posted on: 2006/10/30 16:31
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Re: As prices flatten in popular suburban areas, prices still surge upwards in Jersey's cities.
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Home away from home
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Quote:
While I do expect prices to drop, what the above means is debatable. Sellers pulling back from fantasy prices to reality might not be considered an actual drop, unlike someone being unable to sell for at least what they bought for. Only when people start losing money on the flip will the oxygen masks fall and you know there's real trouble ahead. The fantasy prices, especially at the high end, are what fueled the bubble. Sellers would set a crazy high price and get it from someone taking an interest only 3 year fixed loan, then everyone else would take that as their benchmark, buyer & sellers alike. I remember reading last year about hyperluxury properties being marked down from like $20m to $10m. That wasn't real money lost, just a wake up from a dream.
Posted on: 2006/10/30 16:23
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Re: White Manna
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Home away from home
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Sandman, it seems to me the man was going out of his way to be nice to you. He waited til your third fauxpas before the fongul. To bad you didn't get a photo of the burger as it hit the door behind you and slowly slid down the glass.
Anyway, this LINK starts off with a Calahan's/hot dog article and if you scroll down about 2/3 you will find the top burger list. The White Manna in Hackensack is in the top ten in the US. Great burger and other food photos on here. 
Posted on: 2006/10/30 15:52
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Re: White Manna
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Just can't stay away
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Exchange btwn. my roommate and Jimmy at the Manna
Jimmy-Hi I'm Jimmy and I'll be your F'n Waiter. Dude-I'll have the 2 cheeseburger combo and a Strawberry milkshake Jimmy-Strawberry? What, are you an F'n f-ggot? Dude-Okay I'll have chocolate Jimmy-No, it's cool have whatever you want. Dude-I'll have chocolate Jimmy-Make up your f'n mind Brilliant, absolutely priceless
Posted on: 2006/10/30 15:52
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Re: Whole Foods sought for Downtown
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Home away from home
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For people looking for fresh vegetables, there's a very good vegetable market on Route 440. It takes maybe 10-15 minutes to drive there.
I wouldn't mind a Whole Foods, or just a few stores where I can get fresh vegetables and good quality meat, poultry and fish within walking distance of Historic Downtown. But it's not like downtown is barren. You can go to various shops and find great variety of foods. Some gourmet, some ethnic specialty. There's the Polish market Europa on Jersey avenue, as well as Subias. Along Newark there are some asian groceries with specialty foods. There's Pecoraro's bakery for great freshly baked bread. Further north you have GO which has a good variety of specialty foods (even if, as some critics have contended, it is somewhat inconsistent). And for basic groceries, I have no problem with going to the Pathmark at Old Colony. And people closer to C-Town or Shoprite have the same options. A store like Whole Foods would be nice, although a bit expensive. But if you just walk around a little bit, and are willing to take the occasional car trip, you can find a lot of great stores and eat pretty well. Plenty of people around here have figured out a way to survive. Joshua
Posted on: 2006/10/30 14:57
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Re: As prices flatten in popular suburban areas, prices still surge upwards in Jersey's cities.
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Not too shy to talk
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Hard to believe this article - Just go to any open house (even new construction - Waldo Lofts, Washington commons, A Condos) and see how much the prices have dropped. One unit i had an interest in WALDO lofts was dropped $100K
Posted on: 2006/10/30 14:04
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Re: White Manna
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Home away from home
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I haven't been in there in ages but can't imagine the place or the menu has changed very much. As I recall, the ordering procedure is, you tell the guy what you want and sit down and wait for it. Not a lot of room for discussion. How did you get into an argument with him? Were you indecisive about what you wanted as he stood staring at you waiting for your order? You didn't start asking downtown type questions did you? I hope you didn't ask about a vegetarian menu or substitutions or fat/trans fat content or any other nutritional questions. You didn't tell him "no onions" did you? Did you ask for something that was not on the overhead menu? Did you ask about some sort of exotic or healthy juice drink? Did your face register disgust and or disappointment when you first walked in, and if so, did you pull a scented handkerchief from your sleeve and hold it to your face? Perhaps he sensed that you were a yuppie. What kind of car were you driving? Does it have bumper stickers? If so, what type? Were you with someone else? If so, what was the topic of of your discussion as you waited and could others overhear it? Was someone waiting in the car 15' away, and if so did you call them on the cell to ask them what they wanted? Did you make any derogotory comments about prostitutes or prostitution?
Posted on: 2006/10/30 13:29
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Re: As prices flatten in popular suburban areas, prices still surge upwards in Jersey's cities.
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Home away from home
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The statistic COULD be misleading - if sales are way down, the median sale price could still be up, especially if the higher end homes are selling more easily than the mid-level and lower-end stuff.
Just purely annecdotally, from checking Craigslist ads from time to time, I got the impression that JSQ, Heights, and other neighborhood prices were coming down a lot more than downtown, but I could be wrong.
Posted on: 2006/10/30 13:07
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Re: Rem Koolhaas to design 111 First
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Newbie
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The posters to this board seem to agree that a building by Rem Koolhaus will have a significant effect on Downtown JC.
Did any of you know that Mies Van der Rohe designed the Colonnade Apartments in Newark? The Colonnade was built around 1960 (I think). The building was cutting-edge at the time. It did not, to my knowledge, have any effect on Newark whatsoever. Maybe an occassional architecture buff says "look! Mies Van der Rohe designed that apartment building" while driving down 280.
Posted on: 2006/10/30 12:56
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Re: As prices flatten in popular suburban areas, prices still surge upwards in Jersey's cities.
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Just can't stay away
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Prices seem to hold steady in downtown, the question is wether or not they sell. I tend to think that they don't. Inventory is very high at the moment, and when the several thousand units from grove pointe and the like come on line it will be even worse.
Overall, however, this mught not be such a bad thing. I would like more folks of my socio-economic level to have the ability to buy here, and perhaps keep some of our more sanely priced shopping options in existence. I'd hate it if every store front morphed into Zen Garage. Regardless, the slowdown will likely be ancient history in 5 years or so. More people immigrate tot he New York area every year, and they ain't making any more land.
Posted on: 2006/10/30 7:23
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"Contemplate this upon the Tree of Woe."
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