hero69 wrote:
i wonder what goes there next? hopefully, no high rises but you never know with this city.

papadage wrote:
Of course it is. The quality of life in Journal Square is increasing as more properties are built, and more amenities move in.

I say that as a forty year resident of Summit Avenue by Journal Square.

Yvonne wrote:
Taxes are services, plain and simple. My former downtown neighbors did not spend millions on their homes. Some worked two jobs to buy their homes in the 1970s and 1980s. Their tax bills are similar to their purchase prices. Everyone generalize, some were used as one family homes, others could not rent due to damage from Irene and Sandy. When people read about these big rents, everyone generalize and that is wrong. My fear is these good people will lose their homes.

Yvonne wrote:
When the 1988 reval happened, it also only affected downtown JC. Here are the results, Hispanic and senior homeowners were not able to sell, they lost their homes in liens. It is the reason Schundler created the bulk lien sale in the early 1990s because there were thousands of properties not able to pay. At least in those days, you had 3 years to pay before you went into lien. Now it is the same year. All taxes and water must be paid by the December due date which is on the tax bill.

bodhipooh wrote:
Quote:

RichMauro wrote:
I differ with your view.
I feel that the ultimate aim of developments like this is to push residents from their homes and neighborhoods and as such it invites a new kind of blight into an area. A seemingly compliant administration aids and abets the push. Does JC have the infrastructure to accommodate this acceleration of growth?It seems to me that NYC is annexing Jersey City by degrees. The transfiguration of the downtown area is now beginning its creep upward along Newark Avenue and will spread in all directions as it gathers strength.
At this point in time the Island area is like an oasis within the turmoil of change in JC. Yes, I may be wrong, and only time will tell.

Our infrastructure is definitely lacking, but guess what? This is the part that is conveniently ignored by so many: Jersey City is actually 15% smaller today than it was back in 1930, when it had its largest population. Heck, we are still smaller than we were back in the late 60s. We are not overpopulated. We are simply growing. Lack of historical perspective does not equal facts.

dcourts1984 wrote:
Last house on there. Facing Van Vorst, on market for $3mm with a $41k tax bill (previously $16k). Who on earth is going to pony up for such a place?? The astronomical values of high end places like this one along with complete gut jobs on the market for $1mm downtown will have to be corrected down to realistic levels...fast.