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Sutherland

Re: Downtown: Having taken out huge second loan at height, couple now owes more than it's worth.

#361

Home away from home

Very thoughtful and well stated comment, Brewster.

I was frustrated by posters' comments about this couple's flat screen TV and exercise machine. What other kind of TV can someone buy today once their other TV dies? Also, chances are that exercise machine over the cost of 2 years probably cost less than most people's gym memberships, especially when you multiply the gym membership x 2.

There are a host of reasons why people get caught up in the spending frenzy. There's a strong current in our culture today that often makes people feel a little bad about themselves if they don't have something ultimately clouding peoples' judgment.

True these people burnt through a lot of money and in large part caused their own demise. Still to be so harshly critical is inappropriate and misguided.

Posted on: 2011/8/5 12:37

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Sutherland

Re: Downtown: Having taken out huge second loan at height, couple now owes more than it's worth.

#362

Home away from home

Taz,

You can't live in your portfolio.

Many people buy a home more to live in, raise their family and be part of a community. If their plan is to keep it for 10 years then it typically works out. It's only those who plan to flip who run bigger risks as well as those who buy more than they could afford.

While there may, and I want to emphasize may be another brief dip in the local real estate market I would bet it will ricochet back up soon after. Because if it drops any more buys will start coming out of the wood work.

Keep in mind interest rates where pretty high during the real estate boom of the 80s.

Posted on: 2011/8/3 20:08

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Sutherland

Re: Downtown: Having taken out huge second loan at height, couple now owes more than it's worth.

#363

Home away from home

If you're still breathing:

http://www.zillow.com/homedetails/206 ... -NJ-07302/38888560_zpid/#{scid=hdp-site-map-list-address}

Posted on: 2011/8/3 20:03

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Sutherland

Re: Downtown: Having taken out huge second loan at height, couple now owes more than it's worth.

#364

Home away from home

and even more:

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

Posted on: 2011/8/3 20:01

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Sutherland

Re: Downtown: Having taken out huge second loan at height, couple now owes more than it's worth.

#365

Home away from home

Well there are a lot more "suckers":

http://www.zillow.com/homedetails/231 ... -NJ-07302/72242694_zpid/#{scid=hdp-site-map-list-address}

http://www.zillow.com/homedetails/293 ... -NJ-07302/38889684_zpid/#{scid=hdp-site-map-list-address}

http://www.zillow.com/homedetails/258 ... -NJ-07302/38888905_zpid/#{scid=hdp-site-map-list-address}

and the list goes on.

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.

Posted on: 2011/8/3 19:58

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Sutherland

Re: Downtown: Having taken out huge second loan at height, couple now owes more than it's worth.

#366

Home away from home

But more recently sold:

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

Posted on: 2011/8/3 19:50

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Sutherland

Re: Downtown: Having taken out huge second loan at height, couple now owes more than it's worth.

#367

Home away from home

Actually, the bank doesn't want the property. They have more foreclosed property than they know what to do with. They just want the owners to pay the mortgage or for someone else to buy it.

I have a neighbor at my shore home who hasn't made a mortgage payment in nearly two years. But he's still living there, keeping the place in good condition, raking and blowing the leaves etc. etc. The bank sends someone buy every so often and I'm sure is very relieved their property is being well kept.

This guy put a hefty down payment on this house and had a good job. He lost his job and couldn't get another one that wold make the mortgage payment. Now the place is deeply underwater. He's lost in excess of $100k and the bank is now sitting on a house that's worth less than $300k at this point.

Why can't the bank now work a deal out with this guy like:

House Value now $265k
Dude's original downpayment $100k
New mortgage $165k
New monthly payments based upon a 30 year fixed at 4.9 for the life of the mortgage

It's the banks that created this whole mania of borrowing against your home. Citibank had commercials that said "give your family the Christmas they deserve." Bank of America had commercials encouraging people to take out equity loans and lines to improve their homes. And it goes much deeper than that.

Posted on: 2011/8/3 14:10

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Sutherland

Re: Downtown: Having taken out huge second loan at height, couple now owes more than it's worth.

#368

Home away from home

I feel very sorry for these people. We shouldn't be so judgey as to ask, "Where did the money go." For one the article said the husband lost his job. Also we don't know that there haven't been health issues with one of the couple, their kids, a parent or sibling. Perhaps some other personal or family set back. But definitely do not assume they have done something frivolous with the money.

Our government bailed out Government Sachs. Why can't Government Sachs help these people. Banks have made mortgage modifications nearly impossible. One would have to be really tenacious to get one approved. These people are getting run over by the machine.

In terms of the $380k appraisal, maybe that came from a bank or an unsavory realtor.

Posted on: 2011/8/3 13:35

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Sutherland

Re: Hamilton Park Area

#369

Home away from home

I often tell my female tenants they should take a cab from the PATH train should they be arriving home after dark. While it's generally safe, the $5.00 cab fare is cheap enough to ensure your safety.

In terms of distance to the PATH stations, I walk to Grove St in the morning, when coming home I get off at Newport.

They are pretty much the same distance. I get on at Grove St in the am because sometimes the train is so crowded by the time it gets to Newport it's hard to squeeze into a car. But if you get on at Grove not only is it easier to get on, sometimes the person sitting in front of you gets off at Newport and then you even get a seat. LOL.

Posted on: 2011/7/29 0:13

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Sutherland

Re: New Jersey & Gay Marriage

#370

Home away from home

It kills me to say this, but strategically it could be better for a republican governor to pass legislation or have legislation passed extending marriage to gays and lesbians. This could likely expand the republican voting base. There are a lot of wealthy, high income earning gays who are only democrats for the marriage issue. Additionally, having those gays and lesbians would also increase the donation pool to the republican camp. While there's of course a concern that bringing the gays into the republican fold would alienate some of the existing base, that would probably not be the case in NJ nor would it have an impact when it comes to voting.

Posted on: 2011/7/1 13:12

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Sutherland

Re: Sarah Palin in Jersey City?!?

#371

Home away from home

Borisp and Adonis,

I encourage you to donate as much of your money and resources as you possibly can to the Sarah Palin campaign fund. Seriously. All the best.

Posted on: 2011/6/5 12:04

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Sutherland

Re: Sarah Palin in Jersey City?!?

#372

Home away from home

Borisp,

There have been too many interviews and reports of from republican staff members and consultants from the McCain Palin team who have come out and said she lacked the intellectual heft for the role, for you to be successfully defending her capabilities. But he have at it.

Posted on: 2011/6/5 1:38

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Sutherland

Re: Carmine's pizza moving to 8th & Brunswick?

#373

Home away from home

is that corner zoned for commercial? If not did they secure a variance? You should call the planning and zoning office to inquire.

Posted on: 2011/5/18 21:47

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Sutherland

Re: Hamilton Square

#374

Home away from home

It's no rumor, it's a fact. One more building is planned to go up next to the nursing school building. The second building will be no higher than the existing residential building.

Posted on: 2011/5/18 10:28

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Sutherland

Re: Reserved Parking on Columbus Ave. Public Streets

#375

Home away from home

To JCResident. I am aware of the zone parking permit rules as I live downtown and have a permit.

If the city is concerned with parking obfuscation or manipulation then they should have meters throughout the business district of downtown. There are already some areas and streets through out the business district that have metered parking. To monopolize as a parking lot several public streets undermines the flow of commerce and movement for residents and visitors. I wouldn't mind if I had to pay a meter from 7 to 6 in the business district, I just don't like that there are some spots reserved exclusively for some who use them on a regular basis.

To IANMAC your propositions about the cost of parking permits and how it impacts people who need their cars more often than those that drive less regularly is wildly irrational and makes outrageous assumptions. Though I do appreciate you putting some thought into your reply.

On a separate by not unrelated note, I think it's absurd that there are several different parking zones through out downtown. All of downtown residents should be under one parking zone. I know Councilman Fulop was working on an initiative to consolidate the downtown parking zones into one zone.

In addition to research I should engage the DCNA to try to start an initiative to eliminate this reserved parking business. It's just stupid.

To

Posted on: 2011/3/31 20:08

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Sutherland

Re: Reserved Parking on Columbus Ave. Public Streets

#376

Home away from home

I find it obnoxious. As a resident I should be able to park on the public streets, even if I have to pay a meter so I can shop in the business districts. But to permit one group of people to be able to occupy a segment of parking spaces for the entire business day just seems improper.

So I should stop posting about it, conduct some research and see what can be done if anything about it.

Posted on: 2011/3/30 18:27

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Sutherland

Reserved Parking on Columbus Ave. Public Streets

#377

Home away from home

Columbus Ave from Marin to about Green Street are reserved parking; not just permit parking. It seems the people who can park there and reserve spaces aren't necessarily JC residents. I have to wonder whether this is constitutional to reserve as private public streets on a regular basis.

Posted on: 2011/3/30 17:17

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Sutherland

Re: Pit bull rips part of scalp from skull of 12-year-old boy -- dog will be examined

#378

Home away from home

This is yet another reason to vigilantly enforce the leash laws

Posted on: 2011/3/24 11:31

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Sutherland

Re: Hamilton Park dogs

#379

Home away from home

I haven't worked with the organized clean up team, but I have spent time cleaning up the basketball court and other areas of the park when I can. I didn't see the condition of the court at the time of the posting; but in my opinion when I've gone past the courts and cleaned around them, while they were messy they were no where near as bad as people said they were.

My guess is that one of the reasons why people don't complain about mess at the basketball court is because it's not an area people who don't play basketball want to use so they don't give it much attention. Whereas the No Pet Zone is an area people look to occupy and pay more attention to.

Posted on: 2011/3/18 12:29

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Sutherland

Re: Hamilton Park dogs

#380

Home away from home

All violations of park rules and regulations should be addressed. But just because one group of people violate some rules doesn't justify nor give license to another group violating another set of rules. It's an absurd proposition. Quote:

downright wrote:
To everyone who has something to say about the occasional off leash dog...go take a look at the basketball court right now. It is a sight to be seen.

Posted on: 2011/3/18 2:20

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Sutherland

Re: Hamilton Park dogs

#381

Home away from home

Often times, the off leash crowd who bring their dogs to the park in the early morning scream at the top of their lungs for their not entirely trained dogs to return to them. This sometimes occurs before 6:00 am on weekdays when neighbors are still trying to sleep. So they're impacting and disturbing people who aren't even actually in the park. But I suppose they believe they're keeping the park safe or maybe that everyone else should be on board with their schedule. Whatever their distorted or misplaced reason, it's inexcusable.

Quote:

coolbreeze wrote:

This is SO not what it is about. It is about selfishness. You have no more right to the park than I do, and I cannot tell you how many times I have walked my dog to the park with the intention of letting my dog roam (leashed) in the designated areas and have had to stop dead in my tracks and book it back to the sidewalk because there are unleashed dogs playing/running/roaming. Sometimes the park is deserted aside from these unleashed dogs. I am very careful to scan the park for this before entering. My dog does not always interact well with other dogs when she is leashed, and I can only let her in the dog run under certain conditions. People flouting the leash rules don't even consider the fact that they are preventing responsible dog owners from enjoying the park as well OR that my dog could very likely HURT your dog if I do enter the park and your leashed dog approaches mine. I do not understand how these dog owners don't realize that not only are they acting rude, selfish, and entitled, but they are also putting their own dogs at risk. If I was not so conscientious, your dog could be injured, and guess who would be at fault?

The next time you are playing with your dog unleashed, in an empty park, thinking you are not affecting anyone else, think again. You probably didn't see me walking by on the perimeter, having to change my route and plans upon seeing you in there.

Additionally, these unleashed dog are often not as obedient as their owners think they are. Numerous times, when approaching an unleashed dog, I will cross the street or leave the park, only to have the dog dart after mine, toward or into the street, while the owner is frantically yelling at their pet to come back.

Posted on: 2011/3/14 18:08

Topic | Forum

Sutherland

Re: Hamilton Park dogs

#382

Home away from home

There's actually no point in bothering to explain it; because the offenders don't care about your explanations. They have a distorted sense of entitlement and import.

The only real approach is to speak to the offenders and report them. There have been plenty of instances when the police have issued warnings and tickets. But you have to be persistent about it. Take pictures, which has become much easier with the latest cell phones and mobile devices and write to as many people in City hall as possible.

Quote:

I_heart_JC wrote:
Quote:

Amy wrote:
Of course "the park belongs to everybody." But there is plenty of OTHER space for those dogs to run free, if you insist on that. (I won't get into the unfairness of letting your dog off the leash in a highly populated public space.) Why do you have to choose the area that's set aside for people only? Use the 8th Street side of the park. You don't see families spreading out picnic blankets on the tennis courts, do you? No, because there's a lawn for that, and other people want to use the courts to play tennis. The park is a beautiful public space that we can share. It's not about control. It's about making a few rules so everyone can enjoy the park in their own way.

that this needs to be explained to anyone over the age of seven is thoroughly disheartening.

Posted on: 2011/3/14 2:55

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Sutherland

Re: Hamilton Park dogs

#383

Home away from home

With enough community enforcement the offenders will be forced to stop.

I'm going to become much more vigilant about reporting offenders.

Posted on: 2011/3/14 2:49

Topic | Forum

Sutherland

Re: Hamilton Park dogs

#384

Home away from home

There were plenty of people in the park. It was late morning. regardless of the time, the sign says it's a pet free area. It doesn't say it's pet free during particular hours. It's pet free all the time. It's not about control but more about preventing things from getting out of control.

Posted on: 2011/3/14 2:04

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Sutherland

Re: Hamilton Park dogs

#385

Home away from home

Amy,

You're absolutely right. But you have to take the vast majority of the posters on this site with a grain of salt.

Their absurd comments to minimize our right to enjoy the park should be summarily dismissed. Anything we can reasonably do to remind our neighbors they have to be more consideration should be done without thinking twice about it.

A lot of people invested a lot of time working towards getting the park renovated and it came out spectacular. It's a slap in the face to all our neighbors when some tangential group with a distorted sense of entitlement believe they should be falling under the radar to get away with their truancy, nuisances and disrespect for their neighbors.

I have a picture of a neighbor flouting the rule. I have no problem reporting him and politely letting him know I'm doing that. Everyone should feel just as comfortable doing the same.

Posted on: 2011/3/13 23:27

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Sutherland

Re: Hamilton Park dogs

#386

Home away from home

Hey Carpetbagger,

Thanks for the poetic insights. Fortunately I'm not too worried about this guy taking a violent tactic. I'm rather confident in my ability to take care of myself in that area. But again, I do genuinely appreciate both your insights and concern.

Posted on: 2011/3/13 20:13

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Sutherland

Re: Hamilton Park dogs

#387

Home away from home

This morning at around 10:45 or so, I saw a neighbor throwing a frisbee for his dog in the Pets Free area of HP. I did take a picture of him and I know where he lives so I will report it. But more importantly I thought what a douche bag. What the hell gives people the idea they could just decide which rules they could violate? I'm definitely going to have a conversation with this guy face to face man to man just to see what he's thinking. I'm not going to have an argument with him, but I am curious why he thinks it's ok to do this and I will probably ask that he consider not doing it anymore.

Posted on: 2011/3/13 17:03

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Sutherland

Re: Historic paint for my stoop

#388

Home away from home

There is no list of paint colors. You're supposed to get a certificate of no affect and have the historic preservation officer tell you what exact color your house should be.

Posted on: 2011/3/13 14:20

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Sutherland

Re: Governor Christie halts new train tunnel into Manhattan due to cost overun

#389

Home away from home

I would like to see something that shows the delta between what I pay in real estate taxes versus what I would be paying in sales and income tax should another state's or a few other states' tax policies by adopted here in NJ. I along with many people believe if we taxed income and the sales of goods more the average home owner may be saving money, assuming an appropriate reduction of real estate taxes. But of course I have no authority to cite to to support that. Of course there is some risk that once we agree to an increase in sales and income taxes, government leaders won't reduce real estate taxes in proportion.

Posted on: 2011/3/6 13:27

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Sutherland

Re: Brownstone facade leaks - repair and repointing

#390

Home away from home

KDK worked on my neighbor's house and damaged my historic cornice in the process and refused to take ownership of it. They also did a really bad job on a few houses on Jersey Ave.

I would really stay away from them. Merely because they have done a few good jobs they are total suck asses.

Posted on: 2011/2/25 1:45

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