gibbons70 wrote:

This is NJ, so that means we have a duty to retreat in public. *IN* our homes, not so much.

So you get hassled on the street, you get to go running home to Momma. Just remember to hide your tears........

Think I'm joking, look into NJ's Use of Force Laws.

Sutherland wrote:
and even more:

http://www.zillow.com/homedetails/241 ... -NJ-07302/38889219_zpid/#{scid=hdp-site-map-list-address}

2011 Taxes paid = $15,532 Tax assessment = $225,000

Sutherland wrote:
Perhaps you're just a little bitter that you're not in the game. So you're more hoping for a bigger crash to make yourself feel better.

Sutherland wrote:
But more recently sold:

http://www.zillow.com/homedetails/238 ... y-NJ-07302/38889073_zpid/

Sold for $770K, Zestimate = 421K

moobycow wrote:
Your second link is a 2bed room 1 bath condo and your first is wood frame building as far back in downtown as you can get. These are not comps to a 3 story brick row house.

I'm not disputing anything you say about where the market is going, because I mostly agree. I'm just saying that unless their place is falling down around them it would sell for much more than the article states.

SLyng wrote:
Here is a quote from the Barack Obama thread from my favorite JCList-er:
Quote:

groovejet wrote:
Personally, I'm moving my shit into gold and I don't care about a commie hijacking the country - you're welcome and good luck.

Just a reality check on this. Groovejet wrote this on 10/8. Assuming he actually did what he said he was going to do, here's what would have happened...

If he had $100,000 FDIC Insured account and moved it all into gold at that time, He would have gotten back about 110oz of gold in return.

Today, that 110oz of gold would be worth about $86,500 (US Dollars). So it just goes to show you, there is no such thing as a sure thing. Commodities, like any other exchange traded item, have quite a bit of volatility embedded in them.

injcsince81 wrote:

Where is Taz when you need him?

I've got to give it to Taz - he's been right on the money so far, but disappeared lately. Must be counting the money he made by shorting the Dow.

Some food for thought - if we're really in for another depression, then there is still time to protect our assets.

What instrument will survive this crisis the best (gold, real estate, Euro, swiss franc - what?)?

Cause sure as heck it won't be the dollar if we have to print trillions worth of greenbacks in this crisis.

tern wrote:
TaZMaNio,

Please post a link to a three story brick house in downtown Jersey City for $320,000.

I am interested to buy if you can.

Robin.

You may be right what the house will be worth in the future, but that is not what it is worth right now.

ALBANY, N.Y. - Taxed-out New Yorkers are voting with their feet, with a staggering 1.6 million residents fleeing the state over the last decade.

For the second consecutive decade, New York led the nation in the percentage of residents leaving for other states, according to the report by the Empire Center for State Policy.

The population loss is "the ultimate barometer of New York's attractiveness as a place to work, live and do business," the report's co-author, E.J. McMahon, said. "It's the ultimate indication that we've been doing things wrong."

Most analysts blamed New York's high taxes and skyrocketing cost of living for the mass exodus.

A. The value is way too low. 320k gets you a condo, not a 3 story house. That house should be over 500k even in this market.