wibbit wrote:
i cannot believe you people are still debating this. We had the same discussion 1 year ago, then 6 months ago. And the same bunch of people are still covering their ears screaming buy buy buy every time as the market continues to drop.

....

ianmac47 wrote:
Anecdotal evidence might suggest rents in New York are still going up, but on average, have already started falling.

More importantly, rental agreements are most often for incremental terms of 1 or 2 or more full years. The mass layoffs really only began in earnest in the autumn, so many people probably still have several more months left on existing leases before they begin to downsize. Also as far as sales in New York, Wall Street gave themselves plenty of bonses in 2007, which sort of kept metro area real estate going longer than the rest of the country through the early part of 2008. Bonuses this year were slim to non-existent. A lot of leases come up in the summer months. The collapse of the New York metro real estate market is only going to accelerate through this year, whether its rental prices or sales prices.

SLyng wrote:
...
But to me, I'd rather have the piece of mind to know that a) my money is in a bank rather than a real estate investment, b) my monthly payment is fixed and not at the whim of the City (taxes) or a Condo Board (maintenance). That's got to be worth something, right? But, what do I know, I'm just a dumb renter -- Right JCSHEP?

philasurfer wrote:

The market can be seriously out of wack. Would you not agree that in the Sring of 2006, the market was out of wack? Or was it just not opimtized for certain people? Under what set of conditions does it make sense to buy at the beginning of the collapse of the real estate bubble?

fat-ass-bike wrote:
But doesn't NJ Transit have use of NJ Transit Cops and Ticket Inspectors?
Was not the dreadful crime commited on NJ Transit owned property?
Is NJ Transit a private enterprise or government run service?
Was there no concerns about the safety for commuters at Liberty State Park station, which is also a tourist stop for the Science Center - is there any history of crime and was there any coorespondence for such a concern?

Like most government departments, they demand full authority and control without the accountability. Greed for $'s before service once again!

fat-ass-bike wrote:
I find it hard to believe that some would see that NJ Transit is void of any responsibility or duty of care to their patrons.

On any building site, it is the responsibility of the contractor / developer to provide a safe working area of all and either keep out the public or provide that same care.
If works are carried out on a private residents, then the owner of the building is liable for any accidents - if it is a high crime area then a security guard is employed or a 'cop' to direct traffic.

devbeep wrote:
....Get used to doing normal shit like grocery shopping, riding your bike to bars (especially Hoboken.. cabs to Maxwell's/DC's/wherever get tiresome very quickly....

linky wrote:
..........
Would a true free marketer give an enormous government loan to businesses which are failing due to their own greed, and stupidity? I wonder if Re.agan would have voted for these bailouts, and I think he wouldn't.

I think Reagan would have agreed with me and let the chips fall where they will.

..........

MYBEAT wrote:
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linky wrote:

yeah, I hear ya. Years ago, when I was working as a teacher, my financial world friends were all sitting around the kitchen table in my apartment talking about their Christmas bonuses and what they planned to do with them. My roommate planned to go on a sailing trip, one was buying furniture, and others were paying off the big credit card bills they had run up on stuff like expensive clothing and meals out.

I said, " You guys wanna see my bonus, and proceeded to pull out a pencil engraved with " Happy Holidays from *****Middle School". It was all very funny, but is it fair? I say, " What goes around comes around".

Right on, when times were good, people in that sector reaped these obnoxious bonus amounts and for what?
Give me a break, no one feels bad for any of these institutions or its employees!!!

linky wrote:
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greenville wrote:
Education starts at home, if your not educated by your parents you'll have trouble trying to learn from a stranger. Too many parents in this city have bad luck, didn't try hard enough to get a good job that would let them have more time, are too stupid, are criminals, or/and have made too many mistakes in their lives including having kids to care about their kids education.

Pretty rough...................but I taught Elementary School Basic Skills Math and Reading, and I have to admit that it's true.

I'll have to add to it and say that to truly value education one must come from a family and community which values education.

Yvonne wrote:
I just want to correct a statement-People living in 5 or more stories, except new construction, is under rent control. Rent control sets the standard each year on how much taxes can be passed on to tenants. For example, in 2005, when the city gave property owners a 18% tax increase, rent-control tenants could only receive a 4% rent increase.
Also, the tax agreement between the housing authority and city states the city can collect 10% each year for taxes. However, the housing authority can deduct water and utilities from the 10%. The city stopped receiving money from the housing authority since the late 1960's. This is why I am a believer in a city income tax. Good people from various parts of the city work, pay taxes to the state and feds but contribute nothing to Jersey City. Only the small homeowner (1-4 families) support the city, schools, and county. If you don't support the city, you are indifferent to political corruption because you don't pay.
Yvonne

designknob wrote:
What an absolute jackass this guy is.

Br6dR wrote:

This is something I was pondering a few years back. (Before our current Ronald Regan fueled crisis blew up in our faces.) That being how would we get out of another great depression? Would you like to hear my thoughts on this? Of course you would.

Yeah, manufacturing war stuff got us back on the fiscal track, but what turned us into an economic super power (hence military super power... $ = dominance) was manufacturing stuff after the war ended and having the money to buy that stuff.

The Republican mantra has been that free trade is great, Walmart is great, unions are bad.

How are we going to manufacture and then buy our way out of a great depression if we no longer manufacture anything? If Republicans are successful in their quest to lower the wage of blue collar Americans, how can we compete with 3rd world nations other than becoming a 3rd world nation ourselves?

For you take a "shower before work" folks, what will your services be worth if there is no money left to pay your salaries? (If the blue collar folks are no longer making enough money to do anything other than survive.)

The is the drain I've watched Republicans trying to take us down. (And succeeding.) It's a religion to them. They don't think it through. (Even Republicans I know that are highly intelligent.) All they know, all that feels good to know is that everything that smells of liberal is bad.

I'll say it again, how will we continue to be a super power when we no longer manufacture anything? When the wages of American workers laps into a vicious cycle of who is willing to work for less to buy food for their family this week? John Steinbeck asked that question 70 years ago and it's a question that's just as valid today.

1djcview wrote:
i wouldn't use the word "hyperbole" when comparing today's economic crisis with "The Great Depression" of 1929-39. it's more just that no word will really fit, but comparisons can be made.

it's certainly not just media hype. things are very different than they have been before. i cannot get a full-time job in the career path that i have over 30 years' experience in. the number of craigslist ads for shares seem to have doubled. not only are people doing 2 and 3 part-time jobs, but also people in corporate settings are doing 2 and 3 people's work.

experienced folks are being hit with substantial paycuts. a friend of mine is a senior documentation architect with IBM and her pay is being cut 14%, take it or leave it. a few months ago, that could never have flown. another person i know just had his pay cut too, substantively enough that he has to sublet his apartment and rent a share for himself. this means that layoffs are not reducing payroll costs enough so the reductions are reaching up into middle management levels. they can't afford to lose the employee, but they can't afford to pay them either.

not media hype.

mfadam wrote:
I'm curious do people around downtown JC worry about the water? I use a Brita, but have no idea what all that really does.

Do any of you not trust United and actually buy bottled water?

TNGALNJCNJ wrote:
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devbeep wrote:
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TNGALNJCNJ wrote:
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devbeep wrote:
What's with all these people that only bother to stop by JCLIST and register when they have a problem? Go to yahoo answers if you want to be a parasite.

Both my husband and I work full time demanding jobs; we are raising a 2 year old boy and managing 5 properties with a total of 14 units. If the fact that I am not an internerd and can monitor and contribute to blogs and forums regularly makes me a parasite then so be it. Thanks for the insult you internerd. BTW...how do I find Yahoo answers?

Seriously thanks to all of the people that offered real advice.

My point was that this is a community forum, not the Homework Hotline.

Want some real advice?

THE RENT IS TOO HIGH. I pay less than that for a large 2 bedroom downtown. Nobody is calling because people are wising up to the fact that JSQ is still kind of a dump and will be for the foreseeable future.

I hope this helps, since you're soooooo busy :*(

PS - "internerd?" Let me guess...

You: Hmm.. what should I call this mean guy on this site?
Two year old: *drools* INTOONERRRD
You: YES!

Oh so when people ask How to get rid of a mouse or What is worse luxury condos or hipsters that is appropriate dialogue? But when I ask advice about renting an apartment in JC my question qualifies as the homework hotline? Who crowned you the king of the message board? Why are you so judgmental?

Actually the term internerd was coined by the Emmy, Golden Globe and SAG Award winner Tina Fey. Not my two year old, you wise guy.

BTW?my original request was not for a pricing strategy, it was for a marketing strategy. I have had a few graduate and undergraduate Economics classes and I do understand the fundamentals of supply and demand economics. I figured out the pricing thing myself, thank you very much.

Again thanks to everyone who actually contributed with out giving a dose of acerbic commentary.

billyboi wrote:
.....Jersey City is not a dangerous city! 95% of the kids are harmless.....