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Re: Ready to give up living in this city...
#31
Home away from home
Home away from home


Perhaps the solution is to sell your place and rent. The market hasn't gone down as much here as in many parts of the country and renting remains much cheaper than owning. If you feel that you would be happiest here if only you were a renter; why leave?

I've rented here for going on 10 years and JC is probably the best place to live while saving money and working in the city. The problems that you alluded to seem to me part of a bigger problem of an overly powerful and invasive state and local government in the NYC metro area. That's the reason I never considered owning here.

FWIW, my lodestone for trusting governments is how they treat Second Amendment rights (as a proxy for individual rights). It has served me well and I'm confident that it will continue to do so when I move.

Quote:

creativeconquests wrote:
I would stay if I was a renter. But as of now I will be paying huge property taxes and dealing with the city as an owner in JC is by far the most frustrating experience I\'ve ever had in my lifetime. If I had the time and energy to share the stories, I\'m sure other homeowners could tell me the same. The city does not work for the taxpayer. It\'s beyond shocking. I have experienced with the city (particularly the permit and codes department) crooked behavior, illegal situations, contradictions of huge proportions, negligence at the risk of myself and my family.

If only I was renting I\'d love this city and let go of the feeling I need to depend on the city in some manner. I\'d use the area for it\'s nice parks, location to Manhattan, play with the people I\'ve met, I\'d invest in it without putting my blood, sweat and money of huge proportions. You caught me on a bad day, sigh. I\'ve never run from anything but this is a fight that gives me so much fatigue and angst, I\'d rather sell and live somewhere else. I\'m looking.

Posted on: 2010/2/5 3:44
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Re: Article about NJ state budget and waste
#32
Home away from home
Home away from home


I think that rather than attempting the unlikely (restraining government unions by fiat) the first thing Christie should do is make state finances completely transparent by posting every single expenditure online along with their department and every other detail possible.

Then it won't take investigation to uncover things like this:http://www.judicialwatch.org/news/201 ... is-use-air-force-aircraft

Posted on: 2010/1/30 4:59
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Re: Paulus Hook Park Renovation - Please take the Survey
#33
Home away from home
Home away from home


It's great if they are restoring the cruciform park to the way it used to be and removing the trailers and asphalt.

Posted on: 2010/1/30 4:46
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Re: CRIME DROP A 30 YEAR LOW
#34
Home away from home
Home away from home


I find it interesting that crime has decreased nationwide despite the recession, counter to the liberal trope that poverty leads to crime (http://thecrimereport.org/2009/12/22/ ... ion-caused-crime-to-drop/).

There are many possible explanations and better policing is only one of them (and let's face it; it's the most flattering one for the government). I see 28 homicides vs. 26 in JC as statistical noise suggesting the same level but it's nothing to crow about given that they went down 19% in NYC. Also, homicides have long been considered a good benchmark of violent crime because they aren't as subject to reporting issues as other violent crime. Still, the other stats are encouragingly large decreases in JC.

Quote:

GrovePath wrote:
Crime dip credited to smarter policing, more residents' participation

Thursday, January 28, 2010
GEM JEFFERSON
JOURNAL STAFF WRITER

Jersey City officials yesterday credited smarter policing, increased participation from residents, and expanded enforcement of the city's business curfew law, for the marked drop in crime last year.

Robberies dropped 30.4 percent, car thefts by 27.9 percent, burglaries 25.3 percent, simple and aggravated assault by 10.5 percent, and rape by 8.8 percent between 2008 and 2009, Jersey City Mayor Jerramiah T. Healy and other officials said.

The homicide rate nudged upward, from 26 to 28.

Officials said block associations and special police units - assigned based on the close tracking of criminal incidents - played key roles in bringing down the crime.

Also, prompted by citizen complaints, the city has revoked exemptions for 17 businesses that were allowed to operate beyond the city's normal business curfew hours. According to the curfew law, businesses cannot operate between 11 p.m. and 5 a.m.

Officials expressed concern about the prevalence of illegal handguns, but said increased youth involvement with the Police Athletic League (PAL) and with the new Gang Resistance Education and Training (GREAT) should help.

Police Chief Thomas Comey said the city also plans to install more surveillance cameras.

Posted on: 2010/1/29 4:09
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Re: Wave of gentrification that leapfrogged the Hudson has reached new heights - Jersey City Heights
#35
Home away from home
Home away from home


That's a good point and I was making the assumption that one would want all hours access to the city. A lot of places have decent commutes if you work very regular hours and can count on getting the commuter bus/train on its schedule. My PATH commute to Union Square from downtown is also 35 minutes but it's 35 minutes whenever I leave (unless it's very late or on the weekend, when I suspect one would be SOL if one were counting on a commuter bus).

Quote:

ErinMaiden wrote:
i think it really depends on where one works. There are more ways into the city than just the path. I work in midtown and take the hoboken bus. yes, i live near the elevator, and my walk to the bus is 10 minutes (clinton & 9th), and my bus ride to the city is about 15-25 (25 when its bad traffic). Coming home, i luckily leave a bit early (5.18 bus) and its a 35 minute commute home (bus ride and walk to my front door). Way faster than when i lived downtown jc and took the path.

There are many other options than just the path depending on where you work, and there are buses a short walk down in hoboken.

Posted on: 2010/1/26 2:55
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Re: Wave of gentrification that leapfrogged the Hudson has reached new heights - Jersey City Heights
#36
Home away from home
Home away from home


Of course this explains the "mystery" of why downtown is more expensive. I think what will keep the Heights from being gentrified (for better or worse) is that even with the light rail, access to NYC is poor for the type of people you describe. As others have mentioned, real estate agents are fond of underestimating commute times and what matters is door to door. Waiting for the light rail and then waiting for the PATH adds up to more time than just taking the PATH.

It's great if some new people are happy living in the heights but before taking a real estate agent's word about the 'hood and commute; one should at least test drive the commute and check out what where you will live is like 24/7.

Quote:

snorky wrote:
Bring in the yuppies.
Bring in anyone that respects others' property.
Bring in anyone that does not crank terrible music until 2am every weekend, even after the cops have stopped by several times that summer.
Bring in anyone that will invest money into their home and neighborhood.
Bring in anyone that wants a better place to live and is willing to try to make that happen.
Bring in anyone that does not think the streets are meant for tossing trash and hocking snot.
Bring in anyone that is willing to fight for change.

I HATE Starbucks, but if bringing in people that want to see the area flourish (for whatever reason) leads to more corporate businesses/restaurants rather than the bodegas and poor quality restaurants then bring it on. In time it will lead to higher end unique restaurants.

I live here in the Heights. I like it. I don't like the inconsiderate neighbors that think they are in their homeland (where ever that may be), the scary figures that I often see around at night, the roach filled restaurants (cafe at the corner of Manhattan and Central - first week in town had breakfast there - terrible service and two roaches ran across the counter and onto my plate - I have not been back).

I want to see it flourish. I want my children to be safe. I don't want to have to call the cops on EVERY summer night so my family can go to sleep before 2am (the music starts at noon, ends at 2am - the screaming over the music goes on throughout - luckily there is cold weather or they would be outside cranking music all year). The Heights has the potential, but without some money moving in you will have to deal with all the things that must be overlooked.

Posted on: 2010/1/25 4:30
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Re: Atheist Group Stops Parking Discounts for Jehovah's Witnesses in Journal Square
#37
Home away from home
Home away from home


Playing the race card does not move me and is an appeal to a bygone era. Do you think that any garage in JC could deny black people the same rate as whites without losing most of their business from non-black people - even without government intervention.

Also, the discount was not "against" anyone, including atheists. It was a discount for Jehovah's Witnesses, probably because the lot owner knew a bunch of them would be looking for parking when others wouldn't (i.e. JSQ on Saturday morning).

Maybe I am less threatened by religious folks than some atheists but I treasure private property rights and the right to freely associate with those of one's choosing. I see my freely parking in a non-religious lot and everyone else who supports religious freedom doing so a better solution than employing the coercive power of the state to force bigots to stop losing my business.

Quote:

DowntownSteve28 wrote:
Quote:

Jeebus wrote:
If one didn't want to park there without the discount, or if it bothered you on principle, you were free not to patronize the garage. Why shouldn't the owner be free to charge whatever he wants?


I don't think you're grasping the basic issue at stake here. Maybe if we change some words around in the article, you'll see what the problem is:

The complainant noticed a sign that offered "special parking up to 10 hours" for $5 at the Journal Square Ramp on Saturdays and Sundays for white people. The price for everyone else was $8.

The Civil Rights Act, New Jersey state law and the city code of Jersey City do not distinguish between different forms of diversity. As an atheist living in an overwhelmingly religious society, I'd think you would be a little more conversant in what our rights are.

Posted on: 2009/11/23 2:20
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Re: N.J. Gov.-elect Chris Christie considers declaring financial state of emergency
#38
Home away from home
Home away from home


True local control works. New Hampshire has a huge number of towns that raise their money with property taxes based on local decisions. Consequently, they have some of the lowest taxes and leanest governments in the country. One of the problems with NJ is that we have out of control spending funded by income and sales taxes that are largely out of local control along with state funding of municipalities.

If local governments in NJ had to live and die by what they raised from local folks things would change quickly.

Quote:

T-Bird wrote:
Quote:

DirtMcGirt wrote:
I?d rather keep it local. More accountability and at least a chance of efficiency.


But how local do we need it? Some 560-odd municipalities in a state that isn't even a quarter the physical size of the average state? Sure it's a densely populated state - all the better in terms of rolling up some of these insane "municipalities" such as East Newark and Guttenberg.

I have to agree with Wibbit (which is quite unusual) - start gutting the administrative ranks of the schools. 26 deputy and assistant superintendents in the Jersey City school district all of them making between $110,000 and $160,000 per year??? For what??? Oh right - the $285,000 per year superintendent was also a state assemblyman until 2008 and in Trenton two days out of the week. I guess he needed the 26 others to do the day job he was supposed to be doing himself.

Accountability will come when someone (hopefully Christie) makes it clear that local politics is not a synonym for racketeering. This state, this county and this city are all embarrassments.

Posted on: 2009/11/12 3:34
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Re: Ode to my lost home/ My first posting in 11 years of living here
#39
Home away from home
Home away from home


Yes, the whole "I'm an old timer so what I say matters more" bullshit is pretty tired. It is extra funny to read it from someone who moved here 11 years ago from Europe. Many of the real old timers have done quite well by the increase in property value downtown if they were committed enough to buy rather than rent and bitch when things got better (and, duh, when things get better rents go up). The reason that people respond to posts like this with, "move to one of the many remaining gritty neighborhoods" is that it points out the hypocrisy of claiming to want things to be the way they were without enduring how they actually were.

To the OP - what is your solution to not liking your new neighbors?

Quote:

EthanCrane wrote:
Yep, that's it exactly: the smug I-was-here-first attitude that so often shows up on JC List.

BTW, being here 11 years doesn't make you a long-timer. I also moved here in '98 and I'm happy with the neighborhood improvements.

No, the Hard Grove isn't what it was. I guess that's white people's fault.

Posted on: 2009/11/11 5:26
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Re: Atheist Group Stops Parking Discounts for Jehovah's Witnesses in Journal Square
#40
Home away from home
Home away from home


It's bad news for anyone who understands what property rights actually mean. If one didn't want to park there without the discount, or if it bothered you on principle, you were free not to patronize the garage. Why shouldn't the owner be free to charge whatever he wants?

As an atheist I would probably avoid a business that subsidizes religious people and it's not as if there's no where else to park. I agree with others that religious organizations not having to pay taxes, unlike other businesses (and, yes, they are businesses), is a much more troubling issue.

Quote:

DowntownSteve28 wrote:
This is great news for anyone who understands what equality actually means.

Posted on: 2009/11/6 1:09
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Re: NYTimes: New Jersey Takes Another Run at a Major New York Employer with 1,600 employees
#41
Home away from home
Home away from home


Yes, City Journal citing IRS data that anyone can find for themselves. The entire population of NYC is about 8 million so I suspect your workforce figures are from the greater NYC metro area that includes everything out to PA.

More to the point you do not seem to understand the importance of net domestic migration. It is simply the number of people who live in one part of the U.S. and move to another minus the people who move in. It is the quintessential measure of people voting with their feet.

Quote:

pooper wrote:
Domestic migration? City Journal? oh ok. Yes, we know it's expensive and people leave all the time. It seems they found new ones to take their place.

NYC workforce from the Bureau of Labor Stats:

Jan 2000 9157152
Aug 2009 9749217

Posted on: 2009/10/23 3:16
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Re: MSNBC List of best cities to raise kids
#42
Home away from home
Home away from home


Comparing just big cities is like thinking that the Special Olympics winners are on par with the regular Olympics. I don't know how Burlington, VT is a big city but it's telling that a rural college town headed the list. For perspective they should have tossed in a few rural areas or small towns, just as a well informed parent would.

This is similar to how NYC touts their "low" crime rate, which is many times that of most small towns and rural areas.

Quote:

shakatah wrote:
Article is not saying JC is one of the best places to raise kids, instead it is comparing only large cities. So we shouldn't compare JC to towns, like Princeton, Montclair, etc..

Fact that JC is 13 and Newark 46 may say more about how bad most large cities are when it comes to providing a great environment for raising kids compared to JC, instead of how great JC is compared to all other places, including the plethora of towns in NJ and the country.

I don't think anyone is arguing that all of JC is great to raise kids, but to echo Brewster, the city actually has alot to offer, most of it within walking distance, especially for downtown residents. If the JC public schools were in great shape, JC would be much closer to the top of that list.

Posted on: 2009/10/23 2:47
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Re: NYTimes: New Jersey Takes Another Run at a Major New York Employer with 1,600 employees
#43
Home away from home
Home away from home


Assuming that you are replying to my immediately previous post, here is the evidence (from IRS data) that there is indeed a mass exodus:

"From 2001 to 2008, New York lost more than 1.5 million domestic migrants?a larger loss than any other state?s (see Chart 1). That?s also the largest percentage loss of any state?more than 8 percent of New York?s 2000 population?even beating out Katrina-ravaged Louisiana."

and:

"Losses were concentrated in metropolitan New York City, which accounted for more than 1.3 million net domestic outmigrants?nearly 90 percent of the state?s loss. (Metropolitan New York City is defined as the New York State counties within the Census Bureau?s 30-county ?New York Consolidated Area.?) Almost 11 percent of the metropolitan area?s 2000 population was lost to domestic migration, compared with less than 3 percent in the rest of the state."

http://www.city-journal.org/2009/nytom_migration.html

The data shows that I'm not the one who is delusional. Costs of doing business matter, taxes matter, and the most profitable new businesses can locate where they chose.

Quote:

pooper wrote:
You make it sound like there's some mass exodus or the one factory in town is leaving. You're completely delusional.

Posted on: 2009/10/20 1:57
 Top 


Re: NYTimes: New Jersey Takes Another Run at a Major New York Employer with 1,600 employees
#44
Home away from home
Home away from home


With respect to a business like DTCC, clearance and settlement can be done anywhere in the U.S., and much of the work could be done abroad, so ultimately we live in a global economy.

The problems caused by high costs in the NYC metro area can't be dealt with by collusion between state governments. The root of the problem is the high cost of doing business driven by: high taxes, an entrenched and oversized public sector, and a generally anti-business environment. As if this wasn't enough: subsidies also just give small startups, that can locate anywhere, another reason to not be here; given that they won't get the breaks and will be competing on an unfair playing field.

The attitude of public officials is not encouraging: "Mayor Michael Bloomberg who told the New York Times, ?Any company that makes a decision as to where they are going to be based on the tax rate is a company that won?t be around very long. If you?re down to that incremental margin, you don?t have a business.?"

His presumption is that companies only leave NYC when the only way that they can survive is to gain a tax benefit. I have seen many companies decide that leaving NYC is "free money" on top of an already profitable business. Of course many other factors (and NYC suffers in many of these) matter in a location decision but to claim that taxes don't matter at all is silly.

Quote:

ianmac47 wrote:
The problem here is that we live in a regional economy that doesn't really care about artificial boundaries on a map. Services are regional. People play, shop, and live regionally. New York's loss is our loss, and our loss is New York's loss.

Thieving a few hundred jobs from NYC at the cost of tax avoidance schemes doesn't help the regional economy. Having large businesses threaten to leave Manhattan for New Jersey and receiving heavier subsidies from NY doesn't help the regional economy. Instead, NYC and Jersey City and both states need to be working together to bring new businesses to the region and stop the unproductive game of undercutting the other.
[snip]

Posted on: 2009/10/19 3:20
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Re: NYTimes: New Jersey Takes Another Run at a Major New York Employer with 1,600 employees
#45
Home away from home
Home away from home


Getting 1,600 jobs in JC is great and doubtless some of those folks will relocate to NJ (and pay taxes here). What many people don't realize is that "subsidies" are typically breaks on taxes rather than cash payouts. So the choice comes down to getting nothing (if the business doesn't relocate) vs. getting a lot but less than one would theoretically get via high taxes.

With respect to the New Jersey Policy Perspective (http://www.njpp.org/aboutus.html), their web site clearly describes them as big government lovers:

"Our efforts reflect these fundamental principles:

* Government has an active role to play in helping people reach their full potential.
* Reliance on the market isn't enough to bring prosperity to all.
* A strong public sector is the cornerstone of a civil society.

New Jersey is at a crossroads. It's not clear that the gains of the past will be protected or that the building process, far from complete, will continue."

The "gains of the past" in recent NJ history - really? It seems that a lot of those "gains" have resulted in NJ having to bribe companies to come here rather than have a more business friendly environment than even NYC.

Quote:

GrovePath wrote:
[snip]

But the subsidies were criticized by a nonpartisan research group called New Jersey Policy Perspective. The group said the state offered Depository Trust & Clearing Corporation many advantages that even the company cited, from lower cost real estate to mass transit.

Referring to the office complex, Naomi Bressler, a policy analyst for the nonpartisan New Jersey research group, said that "although the addition of new jobs to the state is always welcome news, we are concerned that providing Newport with nearly $12 million and Depository Trust & Clearing Corporation with another $74 million in tax breaks that should be going to the state will further hurt New Jerseyans."
[snip]

Posted on: 2009/10/15 2:13
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Re: Tight Market for Rental Apartments in NYC Runs Counter to National Glut -- Consider Jersey City
#46
Home away from home
Home away from home


I think the reason is that NYC landlords will do what it takes to rent a place because of how much revenue they would lose each month that it isn't rented. So they lower the rent or offer a month or two of "free" rent on the lease. I wonder if the "free" rent even figures into how much rents have come down.

Posted on: 2009/10/8 2:00
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Re: Priciest zip code, priciest neighbourhood in the United States is in Northern New Jersey
#47
Home away from home
Home away from home


I thought that Chris Rock lived in upper Montclair - I guess he moved. Anywho, there's a great lesson there in terms of pragmatic career choices (albeit hidden by the amusing racial spin on it). A good friend's brother is a dentist and lives on a large ocean front property in Maine. He's a great guy and reasonably smart but by no means a unique talent. Trying to be a world class entertainer or athlete is much less likely to end up working out than studying hard and choosing a field with a high probability of success.

I'm a bit surprised that Alpine is the priciest zip code and suspect that it's an anomaly based on them having no low income housing. I got lost there once on my bike and was creeped out by the McMansions and really expected to be kicked out by the cops at any moment. As the song goes, I wouldn't live there if you paid me.

Quote:

pooper wrote:
"[My only three black neighbors are] Mary J. Blige, one of the greatest singers of all time, Denzel Washington, one of the greatest actors of all time, and Jay-Z, one of the greatest rappers of all time." His white neighbor? "A dentist. And he isn't like the greatest dentist in history either. I had to host the Oscars to get that house ? a black dentist in my neighborhood would have to invent teeth."
- Chris Rock on living in Alpine

Posted on: 2009/9/1 1:19
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Re: Someone hit my parked car for the 2nd time in 4 years.......
#48
Home away from home
Home away from home


About a year ago a young woman crashed her SUV into a full sized dumpster across the street from my place. Almost immediately I looked out my window and saw her scrambling around the airbag to pick up her open cell phone. Her vehicle being totaled was poetic justice but I was surprised that the cops didn't give her a breathalyzer test after they showed up.

Then there was the drunk that not only sideswiped cars on Warren Street but took out people's front fences. It amazes me that people park very expensive cars on the street here.

Posted on: 2009/8/21 23:20
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Re: Grant to restore Loew's balcony
#49
Home away from home
Home away from home


We had a great time at the screening of Phantom of the Opera. Among the things that have already been done are restoring most of the seats and the organ. I wouldn't spend every night out watching a silent movie with organ accompaniment but it was great fun for myself and two out of town guests. The theater was almost completely full too, despite it being a rainy night. Another nice thing was the very reasonable prices for admission, popcorn, and other snacks.

I'm glad that a local business is putting up the money to restore the balconies. The Friends of the Loews is a 401(c)(3) charity so contributions are tax deductible.

Posted on: 2009/8/20 2:41
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Re: SLY PATH COP CANS WOLFPACK OF 'MUGGERS' - Port Authority cop corralled a crew of gang-bangers
#50
Home away from home
Home away from home


Good for the victim and the cops but I'm sure that the politicians who deny us our right to self defense would say that he should have just been happy to only have his cigs stolen without being permanently maimed.

The new civil disobedience is self defense.
Quote:

jclxz wrote:
Quote:

heights wrote:
I love it all the tell tale signs were there. Newark, gangs, age, and arrogance. That guy shouldn't have dozed off though. These hoodlums were on a free for all, how would they even remember that cop but the nerve to threaten him. Well at least it was the PATH if it was the Nyc MTA forget about it that guy would have been a gonner. Remember this when or if you decide to bash the PATH.


You have no right to defend yourself in New Jersey, so what does being awake matter? You have a "duty to flee". In fact our victim here could end up in trouble for demanding his cigarettes back.

Posted on: 2009/8/10 2:52
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Re: Tenants could be on street -- "hardship" increases possible if owner not getting "fair return"
#51
Home away from home
Home away from home


Yes, they both are rent seeking scumbags. Not to put too fine a point on it but many so called champions of "free markets" are actually champions of currently existing businesses (e.g. the Republican Party).

Owning property speaks to a basic human desire to be left alone. Unfortunately, the high level of property tax makes owners into renters vis-?-vis the state.

Quote:

wibbit wrote:
both sides are on welfare. The tenant expects his rent to be below fair value, the landlord wants to change the agreed term of his purchase(property) so he can get more money.

i was just thinking with all the debate around capitalism and find it rather funny. If you think about it, around here if you own a property you get taxed to death, a 400k house with a 10k tax is all too common, on top of paying rental tax if investment. In china, which is a communist country, the government doesnt tax their citizens much. The same 400k (dollar to dollar) property, you pay maybe $100 a year on tax, and if you rent it out there is no additional tax and those are in the big cities, in the countryside it's even much less.

And there is very little tenant protection, if tenant cannot pay the rent, they get kicked onto the street the next month no question asked. If landlord wants to increase the rent by 200% next year, they are free to do so as long as someone is willing to pay for it.

Shouldnt it be the other way around, i thought communism is based on everyone contributing to the state and divide up the wealth. While capitalism is the opposite. Now it seems everything is reversed.

Just some thoughts....

Posted on: 2009/8/5 2:40
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All Points Wet - Featuring My Bloody Eardrums
#52
Home away from home
Home away from home


My girlfriend and I had a great "staycation" last weekend. I'm very happy to have supported something that people want to come to JC for, and most seemed to have a good time.

Friday we walked to see Yeah, Yeah, Yeahs; who were fun and we saw part of Jay-Zs show. It was nice that he started out with "No Sleep Till Brooklyn" but we headed out to the beer garden before his set was over.

Saturday we spent most of the day there after a few beers at the beer garden and saw a bunch of bands. I enjoyed seeing My Bloody Valentine long after their groundbreaking CD "Loveless" back in the day. My girlfriend wasn't so crazy about how the wall of sound made her nauseous (hence the subject). Tool were great and made me understand why some bands that I like but am not crazy about are great outdoor headliners.

Sunday we both enjoyed Echo & The Bunnymen. They are better indoors (they were great at Radio City earlier this spring) but still fun at a festival. Despite all of the mud and rain the crowd and staff were good natured. The only negative thing about the crowd happened when an idiot jumped into the spotlight area and was screaming at those who tried to calm him down. It took about 6 staff to get him to leave while he kicked at them and screamed, "I am rich" and other things. After this, I really understand the utility of the Taser. Anywho, it wan't a big deal and Coldplay were great. According to my girlfriend they were worth the cost of the whole 3 day weekend. The highlight was them coming out into the mudhole ridden crowd and doing a few songs about 20 feet from our spot just outside a mud pond.

So it was a fun time for a couple old JC habitues. I hope other JC residents got over the weather and had a similarly good time.

Posted on: 2009/8/4 3:35
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Re: Even NYPress has warmed up to Downtown Jersey City and its Charms!
#53
Home away from home
Home away from home


I thought that it was a very helpful article, especially for people who haven't been to JC before. I'm also of the opinion that his comments about NJ are all in jest and if not I don't care.

Unlike some, I noticed no impact last year when I didn't go to APW (although I may have been out of town). This year I'm looking forward to going and supporting a local event; although I'm very bummed that the Beastie Boys won't be playing.

One thing that the article didn't mention is that you can't go in and out of the festival, which makes me tend toward drinking and eating elsewhere first and then seeing the bigger acts. Other info including set times are on the All Points West web site.

Quote:

Bogart wrote:
Quote:

tommyc_37 wrote:
Are the uncreative digs at the "mysterious land known as NJ" really necessary? Holy crap, does everything NY have to frown upon NJ? Downtown Jersey City is leaps and bounds above about 80% of NYC's outer boroughs. But this guy would never write anything bad about those ghetto boroughs because hey, "it's still NYC". Getting around Jersey City is a nightmare??? Um, I think it's a bit easier than getting around your beloved NYC, Joe Pompeo.

Unreal, unacceptable, and uncreative. Maybe it's time for NYC to pick on Connecticut. I'm so over these types of hack writers.


I think he was being ironic about NYCers attitudes toward setting foot in NJ.

Also, he didn't say getting around JC is a nightmare. He said "finding your way." And that's true if you don't know your way around the canals, harbor inlets, rail yards and changes in elevation that make getting from point A to point B by following a straight line potentially impossible.

Posted on: 2009/7/31 0:30
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Re: VVP - Rent vs Buy Scenario
#54
Home away from home
Home away from home


Less layoffs is good but the uncertainty remains for all but the most Pollyannaish and rents are going down. Neither would make someone eager to buy a $500K+ condo in JC.

I'm not sure which post you are referring to but if it's the one that claimed supply is going down in downtown JC, my pointing to the huge new expensive construction either unsold (plus shadow space owned by speculators) or about to come online refuted this. The twin towers at the foot of Grand alone must be the biggest residential building in JC and they have just started coming to market.

Perhaps you know something about Wall Street that I (and most who work there) don't or you have some undisclosed knowledge about JC real estate. If so please lets us know, otherwise I'll take my knowledge of the situation over your condescending advice to (re)read your previous posts.

Quote:

wibbit wrote:
Quote:

Jeebus wrote:
The Wall Street job market has only gone from huge amounts of layoffs to no new hiring. I don't see that as a positive for the number of people who will buy $500K+ condos.


huge layoff to no layoff is significant. As for the rest, you should really read my post first...

Posted on: 2009/7/17 1:11
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Re: VVP - Rent vs Buy Scenario
#55
Home away from home
Home away from home


The Wall Street job market has only gone from huge amounts of layoffs to no new hiring. I don't see that as a positive for the number of people who will buy $500K+ condos.

I also don't see where your idea of downtown JC supply going down is coming from, especially in light of decreased demand. The Crystal Point is near finishing construction as are the giant twin towers at the foot of Grand St. and the new building on Grand and Marin that is still being built. On top of that there are all of the unsold condos that are sitting on the market (ever look at the Trump JC at night?).

Quote:

wibbit wrote:
yes a 10-15% drop is very possible, as confidence overall is still very low. The nyc/wall st job market is weak but has improved quite a bit since sept/lehman, i guess the important part is they are not doing massive waves of layoffs anymore.

Supply wise, i can only speak for downtown jc, yes it's still high but not increasing only going down. I cant think of even one high rise in the paulus hook/newport area that will come online (the last new construction i believe is crystal point). So supply increase for the area has pretty much stopped you are only left with resales. LHN is a different story though ;)

Posted on: 2009/7/16 3:00
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Re: VVP - Rent vs Buy Scenario
#56
Home away from home
Home away from home


The disconnect between the cost of renting and owning has existed for many years. Many folks here pointed this out during the bubble years (myself included) only to be called "bitter renters". Even today, the amount that I pay in rent would be at best the same as my mortgage payment on a similar place and on top of that I would have to lock up $60K or so in a downpayment, pay taxes (and be subject to the whims of the JC government), pay for maintenance, etc. You do get a tax break on interest but just the opportunity cost loss on $60K would overwhelm that. Basically the problem is that too few people looked at real estate investments the way that professionals do and insisted on cash flow positive deals (even if you have no intention to rent the place, it makes sense to look at what would happen if you did).

The reason that so many people took, and championed, such a bad deal was the belief that double digit price appreciation would continue despite real estate historically appreciating at about the rate of inflation (canards like "they're not making any more land" spring to mind). Now that real estate is reverting to the mean prices are declining, which makes a bad deal a horrible one. Still, people are irrational and hope springs eternal. Most likely the spread on the place that you are looking at is due to this.

Quote:

mfadam wrote:
I know rent v buy has been talked about, but the point I was trying to get at is just how huge the spread is on this specific property (albeit about as nice as they come near VVP).

I mean it's one thing if a market is off by a bit but in this case the monthly nut to buy is effectively double what the owner's seem to think they'll get from renting out the two duplexes. In an efficient market the spread would be nowhere near this wide. Guess that's what I was trying to point out/get opinions on....

Posted on: 2009/7/10 1:52
 Top 


Re: Paulus Hook Pizza-back open and better than before !!
#57
Home away from home
Home away from home


Couldn't the former owner take the oven out (or threaten to do so)? If not it seems like the landlord was very realistic in seizing the investment. Certainly not nice but realistic.

Then again, none of this makes me want to patronize this store. As always, it's a trade off between ruthless but legal business practices and reputation.

Quote:

weinish wrote:
the owner of rustique paid for the oven, and then his rent was TRIPLED! he told me he expected it to go up, and he didn't have a long term lease because he figured the guy would be realistic. the owner saw the improvements, and recognized the opportunity to eff the owner of rustique. it's that simple.


it doesn't help that the prices he charges for alcohol at his corner store are also astronomical. i have no reason to go over there for liquor or pizza at this point.


and yes, rustique pizza gets cold almost the second it gets into your hands. it's very good, but the product is too heavy, and gets cold fast. ask anyone who has ever ordered a pie to an office in newport.


not a game, not a game, not a game:


http://deadspin.com/5301145/this-is-outstanding?autoplay=true

Posted on: 2009/7/2 2:42
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Re: New York Times: Recycling, and Selling, Some History - NEW APARTMENTS The m650 Flats in Jersey City
#58
Home away from home
Home away from home


And half of the sold units went to the developer's family so it's more like 12.5% sold. I wish them and the Beacon well but it's a tough time to be selling condos in a marginal neighborhood.

Quote:

jsqfunk wrote:
I walked past the M650 building today, there is a banner hanging on the front saying "25% Sold" ... I really wish the developer the best (I live in the neighborhood) but it just looks so sad.

Also, up the block at bit is an old police station that is being turned into condos, a sign on the building lists them as starting in the 200s, which is starting to get a bit more reasonable for the McGinley Square. area, not sure if the police station will have heated towel racks like M650.

Posted on: 2009/6/23 1:04
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Re: New York Times: Beacon Luxury Condos, All Bids Considered
#59
Home away from home
Home away from home


I wouldn't call the Hyatt "a few blocks" from the Beacon. It's more than a mile away and in a completely different neighborhood two PATH stops away. Sure it's not central to the article but I often see these kinds of basic factual errors in the NY Times and it makes me question their competence on more important things.

Quote:

GrovePath wrote:
Luxury Condos, All Bids Considered

New York Times
By ANTOINETTE MARTIN
Published: June 12, 2009
[snip]
At the auction, which is to be held at the Hyatt Regency Jersey City, a few blocks down Montgomery Street, 12 units will be sold ?absolute? ? that is, regardless of the suggested starting bid.
[snip]

Posted on: 2009/6/15 0:00
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Re: What would you do with the Powerhouse???
#60
Home away from home
Home away from home


I'm a bit confused - the stabilization project will be done by October but "all renovations" won't be complete until 2013. If the building's structural problems will be fixed by October, why would it take a private investor until 2013 to finish "renovations"? Perhaps they are counting on the city to give them a fully renovated retail space?

Quote:

GrovePath wrote:
Further step toward 'Powerhouse' neighborhood in JC
[snip}

The stabilization project is set to include replacing the windows and roof, as well as installing new drainage systems to mitigate any further deterioration of the structure. The stabilization process is anticipated to take three to five months. The process will start this month and will be completed by October.

By 2013, when all the renovations are complete, the Powerhouse is expected to be a retail and entertainment showpiece of the Powerhouse Arts Entertainment District, offering modern facilities and infrastructure to consumers and commercial tenants. The $90 million development will feature 180,000 square feet across five floors, filled with galleries, restaurants, and offices.

Posted on: 2009/6/13 3:25
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