ErinMaiden wrote:
Now I live right near the elevator (congress) and i just walk to the bus in hoboken (on clinton in bound and willow outbound). the walk to the bus is about 10-12 minutes and the ride can be 15-20 or if there's an accident you could be 45 but normally i'm ok.
good luck!

r_pinkowitz wrote:
Brew, Are the signs JCPA sign with a permit #?

NNJR wrote:
When is it the responsibility of buyer to do some research or find out things for themselves?

I don't agree with mortgage brokers taking advantage of people but they buyers of these houses need to know they can't afford what they're buying.

People just want more than they can afford, and when shit goes south they want to blame everyone but themselves.

GrovePath wrote:
A DROUGHT OF IDEAS FROM CITY
Wednesday, May 02, 2007

We Americans love grand ideas.................................

BrettDavis wrote:
It's 10:08 and raining...Will my living room once again become the City's toilet????? It's a crapshoot.....

Maybe the magical underground rivers the MUA likes to talk about will take all the excrement out to sea!!!!

loucheNJ wrote:
4. I think basement is probably the most accurate term.

Scottacus wrote:
If as the MUA has stated, the biggest problem is that the pipes that empty into the Hudson back up when the river level rises, why not look into installing a pumping station that can pump the water to an exit pipe located at a higher level when the river rises? That might help to alleviate at least part of the problem and would seem to be a lot cheaper than running an entirely new, parallel sewer system.

DanL wrote:
This can / should be an election issue. Getting the funding to study the sewer system city-wide and create a plan to fix/improve/meet future demand etc.

To start with, ask the questions.

Yes, a member of HPNA did a great deal of research on this issue and shared with others.

Seems to me that it is our municipal government's job/responsibility to keep sewer water out of our homes.

ianmac47 wrote:
Part of the problem is that the catch basins drain to the River. With a storm system as large as the one this weekend, the storm is basically pulling the ocean closer to the shore line and preventing the rivers from draining by raising the water levels. On top of this, record rainfalls are filling the catch basins and soaking the ground, so rain water can't go down into the ground and can't go out to the sea.

Mr_X wrote:
the lines in the street aren't forcing the water through your (our) walls and floors. the rain settling in front and back "yard" combined with a hundred years of cracks and the lack of any waterproofing is causing the seepage. if you're blaming the sewer, its because the sewer is backing up through the pipes. if you have a floating drain plug, the flow won't reverse.

do you live on montgomery between jersey and barrow? then you have the exact same house as me. yes it sucks, but it's the fault of the building design, not the sewer.

Br6dR wrote:
People are so aware that some maniac may plow into them at any time that they are paying attention all the time.

alb wrote:
Quote:

wibbit wrote:
I think the real estate market will get a lot worse, but even then it wont be at the price level 40 years ago including inflation and interest costs.

But it's still a pain of my neighbors thought they could get $X for their house and, in reality, they can only get 70 percent of that price because the market is so soft. And maybe the original price was 10% higher than they ever could have realistically expected to get, but it's still a shame.

fat-ass-bike wrote:
I'd love to see all this development and high rise apartments empty for 3-5 years, so I can watch the developers and banks struggle to recoup their own money, then be forced to have 'fire sales' to attract buyers.

JCP wrote:
Timing the real estate market is stupid. Good luck with that. I am buying a condo in JC this year because I want to LIVE here. Debate all you want about prices; I'm just happy to have a home I can call my own, a roof over my head, and to be a part of a great City with loads of potential.

alb wrote:
Quote:

brewster wrote:
d I don't think they'll fall that far, more like 20%. I bought here 10 years, ago so 20% off peak doesn't get me excited, but I'm sure others will be thrilled.

Say Mrs. X bought a house for $200,000 in 1997 and could have sold the house for $500,000 in 2004 but waited till this year to try to sell the house at that price. Because the market is slow, she waits till 2009 and ends up selling the house for $400,000.

Even though the price would only be 20% lower than in 2004, Mrs. X would really be getting about 40% less than expected, because, back in the early aughties, she would have expected the price of the house to go up at least about 10% each year. (Really, a lot of owners probably thought the value would go up 15% each year, so Mrs. X's 2009 sale price really might be 50% lower than she'd expected.)

So, if a typical downtown Jersey City home price is 20% below the peak price in 2009, that might be the moral equivalent of a 50% to 60% drop in a small Midwestern town where prices have stayed about the same for many years.

wibbit wrote: To the original poster, what are you smoking? and where can i get some. The full effect of the subprime implosion hasnt started to trickle down and felt by the average home seller/buyer yet. But they sure will in the near future (~6months), that's a fact. Most people really dont understand the gravity of the situation in the subprime mortgage fallout. Yes i am sure you read the news and saw mortgage firms lined up to file for bankruptcy protection and all the investment banks rushing for the door to hedge against their exposures. But what it really means for the buyer(even those with good credit) is a large percentage of them will not be able to get the mortgage they currently can, actually far from it. For example, before with 650 rating you can qualify for a 250k loan, now you can only get a 200k or 150k loan etc. On top of that, the market is very nervous about the current mortgage approval process (which is a joke), they will tighten that up significantly as well, you will actually required to have the income you wrote down on the application, imagine that! All of this translates to a much more difficult mortgage approval = less people able to buy real estate. For sellers, it's even worse as the <5 yr arms are now due, the estimated default/foreclosure rate is 20% for the next few years on those loans. That's 1 in every 5! The market will be flooded with supply, on top of reduced demand mentioned above. It doesnt take a genius to figure out what will happen to the price.. it may not crash, but you sure will find some very nice deals by next year.

Binky wrote:
Maybe this is payback for the PILOT program, with which JC shafts the county.

swooshy wrote:
No.
But I have a darn good memory at election time.

alb wrote:

If, on the other hand, I'm wrong, and low-income/moderate-income owner occupiers have higher default rates than the flippers, then Paulus Hook might fare well and the Heights might suffer more.

loucheNJ wrote:
Despite his adopting a tone that a third grader would be embarrassed to sign his name to, Troy's accusation that Fulop has accomplished nothing is, in my opinion, pretty close to accurate.

NONdowntown wrote:
Quote:

Minnie wrote:

BTW.. what are you doing to get the NCAA field unlocked so that others can use it too?

There's nothing better than a "I'm doing something, (i am assuming) you're doing nothing, therefore whatever i'm doing must be right" argument!