Re: How will new high rises affect the rental market?
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Home away from home
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A simple formula?? This isn't voodoo. Rental prices are determined on the market, on the basis of supply and demand.
Posted on: 2014/11/17 16:43
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Re: 10 Hardest Working Zip Codes In America - Jersey City # 8
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Home away from home
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So that's pretty funny then. The articles just says that the Pier Apt residents are hard workers. I believe it!
Posted on: 2014/11/14 15:48
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Re: 10 Hardest Working Zip Codes In America - Jersey City # 8
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Home away from home
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The "demographic" has chosen to live in that particular location because they value living their over other locations, taking into account the costs. They are free to consider, and surely have considered, living in other areas local to their jobs. If the demand to live in the zip code were to decrease, the price would decrease with it.
Posted on: 2014/11/14 0:20
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Re: 10 Hardest Working Zip Codes In America - Jersey City # 8
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Home away from home
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That is ridiculous. Your comment makes a mockery of the most basic principles of economics.
Posted on: 2014/11/14 0:09
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Re: Another Downtown Jersey City Catholic church closing, building to be sold
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Home away from home
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What the heck is an "ethnic Catholic"?
Posted on: 2014/11/14 0:03
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Re: Another Downtown Jersey City Catholic church closing, building to be sold
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Home away from home
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Huh? You say that as if people cannot become Catholic--like it's a race or an inherent trait. People are constantly moving around and passing away. The point here is that there are not newer and younger Catholics in Jersey City to replace the old ones, despite the fact that the population has exploded. I guess it's true that evangelism is not really a focus of Catholics in the US. (Although, that's definitely not the case south of the boarder.)
Posted on: 2014/11/13 23:43
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Re: Another Downtown Jersey City Catholic church closing, building to be sold
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Home away from home
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I understand your point, but I think the language you used could be a bit misleading. The population, especially in the downtown area, has actually grown rapidly, not "moved away". I think what you mean to say is that the Jersey City population has moved away from attending Catholic church. As I mentioned above, other Churches are thriving. It's just that they don't own or use large beautiful buildings with stained glass--probably because the property values are so darn high. Many of the protestant Church orgs use funds for missions, charity, growth, etc. Not that there is anything wrong with beautiful architecture--I'm just making the observation.
Posted on: 2014/11/13 23:10
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Re: Another Downtown Jersey City Catholic church closing, building to be sold
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Home away from home
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There is a thriving church organization that uses the auditorium space in the public school by Hamilton Park on Sundays. It has a large and very active congregation. (The church organization is named "Hoboken Grace" since it started in Hoboken and then spread to Jersey City.) The worshipers are still present in Jersey City. What has changed and continues to evolve is attitudes toward denominations and church org structures.
Posted on: 2014/11/13 22:13
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Re: High-rise development at Metro Plaza (Shoprite, BJs, Pepboys)
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Home away from home
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I think that's a great analysis. Another point is that more development projects, restaurants, grocery stores, etc. bring attention to the city and could make it a more desirable place to live. The resulting increases in demand may compensate for or even rise faster than the increase in supply.
Posted on: 2014/11/11 21:38
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Re: High-rise development at Metro Plaza (Shoprite, BJs, Pepboys)
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Home away from home
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If that's your sole point, it's an enormous oversimplification of many factors that impact market price in a fast-developing city.
Posted on: 2014/11/11 21:33
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Re: High-rise development at Metro Plaza (Shoprite, BJs, Pepboys)
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Home away from home
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In fact, I think developments like this would increase rather than decrease property values despite the increase in supply. Although, they may decrease rental a bit.
Posted on: 2014/11/11 21:03
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Re: High-rise development at Metro Plaza (Shoprite, BJs, Pepboys)
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Home away from home
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I heard all of the retail space will be for pizza places.
Posted on: 2014/11/11 20:47
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Re: High-rise development at Metro Plaza (Shoprite, BJs, Pepboys)
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Home away from home
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More ferry service!
Posted on: 2014/11/11 20:42
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Re: Steve Fulop for Governor
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Home away from home
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**Literally** owned the properties? And no form of bidding process at all? That's terrible.
Posted on: 2014/11/11 16:24
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Re: Steve Fulop for Governor
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Home away from home
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How are they "giving" these properties away? Does the City own them? Or is the city imply giving rights to build on them?
Posted on: 2014/11/11 15:35
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Re: Steve Fulop for Governor
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Home away from home
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Are the downtown abatements your biggest concern? As a resident of almost 10 years, this is my list: 1. My biggest issue is the RE taxes I pay relative to the education system residents get in return. From a business/economics perspective, it's a joke. Either cut my taxes or bring education up to levels that correspond throughout the tristate area. (I hate to be a cynic--but in other words, they have to cut taxes.) 2. The state of the police department. The police in JC roam around like a gang of entitled thugs with a select group getting outlandish compensation. Meanwhile, there is widespread sentiment from the folks living outside of the downtown area that they are literally being occupied by an outsider force. I must admit that I'm not in the "know", but from what I have read, Fullop seems to be sensitive to and addressing these issues at least to some degree. I also have to say that the downtown area is safe--I'm just not so sure the police should get credit for that. 3. The leash laws are virtually never enforced. That may be a small point in the grand scheme, but some of the best parks (with incredible views) are literally unusable by actual people because of this. 4. I have heard many many times that doing construction or opening a store or restaurant in JC is a living hell. The city needs a third party outsider organization to do interviews with JC's entrepreneurs and developers and observe the permit and approval process. And then make recommendations to the city counsel on how it can be streamlined and where formal investigations should be conducted to weed out direct and indirect fraud and bribery, and other criminal activities.
Posted on: 2014/11/10 23:28
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Re: Steve Fulop for Governor
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Home away from home
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Yvonne, all things considered, do you think Fulop is an improvement over past JC mayors? I realize that's not setting the bar high (in my view anyway). So a "yes" response wouldn't at all mean that you think he's doing a good job--clearly I can see that you don't think he is. But I am curious about how you think he is fairing compared to others who have done the job--I'd be surprised if you said he was even worse.
Posted on: 2014/11/10 21:01
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Re: sam a.m.
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Home away from home
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If it's anything like their breakfast it probably smells strongly like bacon. =) But I agree that it's a great place.
Posted on: 2014/10/29 23:08
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Re: Jersey City marketing campaign: ‘Make It Yours’
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Home away from home
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I thought the portrayal was generally in tune with the downtown area. I recognize that there was an effort to show clips from other parts of the city as well, but these clips also showed a vibe that is more true to the downtown area. In that sense, it was a bit misleading I suppose. But most people who are interested in the "optics" as you say are going to move to the DT area anyway.
Posted on: 2014/10/28 15:30
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Re: Jersey City marketing campaign: ‘Make It Yours’
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Home away from home
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Amazing. Thank you!!!!
Posted on: 2014/10/28 15:26
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Re: Eminent Domain on Metropolis Towers
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Home away from home
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That's super interesting. Would be cool to see a picture of Columbus pre-Gregory Complex.
Posted on: 2014/10/28 14:45
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Re: Eminent Domain on Metropolis Towers
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Home away from home
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A private company could offer the same to the owners. But I'm sure there are a million Jersey City-imposed road blocks and hoops to jump through. The solution would be to remove those.
Posted on: 2014/10/28 14:41
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Re: Eminent Domain on Metropolis Towers
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Home away from home
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A private company could offer the same to the owners. But I'm sure there are a million Jersey City-imposed road blocks and hoops to jump through. The solution would be to remove those.
Posted on: 2014/10/28 14:41
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Re: Jersey City seeks 20-year tax break for hotel outside Grove Street PATH station
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Home away from home
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However the process works, I can tell you that the city is not giving away abatements where it knows it can secure equivalent development projects on the same land for the ordinary amount of tax revenue. But as with all negotiations, it's hard to know what Mariott's "bottom line" was. I'm sure they began negotiations by asking for even more of a discount and the city began with less of a discount.
Posted on: 2014/10/24 23:22
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Re: Jersey City marketing campaign: ‘Make It Yours’
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Home away from home
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Quote:
user1111 wrote: Quote:
Posted on: 2014/10/24 21:36
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Re: Jersey City seeks 20-year tax break for hotel outside Grove Street PATH station
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Home away from home
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WHAT?? The hotel could staff a highly trained on-site security person around the clock for a fraction of the money they will pay in taxes over the 20 year abatement period. No way the city provides business services equal to the taxes local businesses pay, whether they have abatements or not. Props to the Marriott team for having the skills and patience to navigate through Jersey City's maze of bureaucracy and corruption to get this deal done. It's businesses like these that are making JC a better place to live and bring growth and wealth to the community.
Posted on: 2014/10/24 21:25
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Re: Jersey City Council grants 20-year tax exemption for Downtown hotel
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Home away from home
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Lots of fat to cut outside of those areas.
Posted on: 2014/10/23 21:54
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Re: Jersey City Council grants 20-year tax exemption for Downtown hotel
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Home away from home
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Good for the Marriott for negotiating a deal to get some of the government's burden off their backs. Amazing progress is made when that happens.
And, by the way, the solution is not to drag everyone down equally with the weight of taxes. It's to give everyone a permanent abatement, including residents, and then to cut the budget accordingly.
Posted on: 2014/10/23 21:47
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Re: Downtown Jersey City businesses take on local farmers market
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Home away from home
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Ok, then that makes sense. I usually just get a falafal and hummus sandwich. Or the lentil soup, which is amazing.
Posted on: 2014/10/10 15:02
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