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Re: McNair Academic High School - racial quota
#91
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Quote:

JimmyMook wrote:
So McNair has an admission system based on race and it is not disputed that to fill these quotas certain criteria are different for these racial groupings ?


Yes

Posted on: 2015/12/31 5:05
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Re: McNair Academic High School - racial quota
#92
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Quote:

Yvonne wrote:
Others were accepted to Stuyvesant Pubic High Schools which is difficult to enter. It was based on their scores not racial groups.


Majority of stuy's admission is based off test scores unlike this 25/25/25/25 nonsense. But they do also have some sort of exception system to let some kids in who otherwise didn't make the cut.

It's pretty obvious who they are, everyone knew - when you have 80-90 percent of the class scoring 90s on the tests in various classes, and always the same few kids who got 60s and 70s and have no clue what's going on in class. Look back now it's actually a disservice to those kids as their gpa is much lower than if in a normal hs, which in turn hurts their chances of getting into a good college.

I graduated from stuy in early 2000s not sure if they changed it after that.

Posted on: 2015/12/29 5:47
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Re: McNair Academic High School - racial quota
#93
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Quote:

Og_jerseycity wrote:
Is there someone from Academic ( a teacher or board member ) that can tell us if most of the African american or Latino students in Academic are failing out? Some of these comments are quite appalling because you are insinuating that these groups have less competition and I guess (not as smart as other races?)

Is that what some of you are saying? If some of the children don't measure up they would all be failing out of the school. From what I understand that isn't the case.

Stop comparing this to the NBA and the work force. This school is the future work force and is prepping it students for the ignorance that they are going to face.


noone is suggesting barring certain race from going to the school, but let all races in based on the same academics and scores, not having different requirements based on the skin colors.

The only one suggesting certain race is less competition than other races is..YOU. Stop playing the victim.

Posted on: 2015/12/28 21:02
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Re: ACME Markets
#94
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Quote:

devilsadvocate wrote:
They are MUCH better than A&P was - in terms of both selection and prices. I used to avoid A&P like the plague.


i agree, seafood is considerably better. I lost track of the overpriced seafood i had to throw out immediately getting home, that are bought from a&p.

Posted on: 2015/12/28 20:01
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Re: The Cheesecake Factory in Newport
#95
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tried it, it was alright, food slightly better than the average chilis or applebee, and service as well.

Go once a while as a guilty pleasure? sure. Waiting 40 mins for it? no thanks.

Does anyone know what is opening up across the cheesecake factory?

Posted on: 2015/12/28 19:58
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Re: McNair Academic High School - racial quota
#96
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Quote:

Pebble wrote:
Quote:

jcguy05 wrote:
Quote:

JPhurst wrote:
Quote:

heights wrote:
So merit and grades are out the window then.


Not at all.


yes it is, and it is sad.

Instead of fostering competition and the spirit of best man wins for the top schools, now it's about the color of your skin.

Why should individuals from one race who are better qualified in term of academics / test scores be disqualified in favor of individuals from a different race who scored less and have lower academic records, simply because their skin color is different.

How is this not racism, where are the outrage?

There is no outrage because nobody going to the school hasn't earned it by being the best.

There is not one example of a student missing out because someone that isn't qualified is there. Your outrage is over nothing more than your own perception based on zero facts.


how do you know there isnt an example? what defines being the best? - There is a clear academic definition of being the best, it is being tossed out in favor of the color of your skin.

My perception is based on the school's policy, where as your perception of what i just quoted is based on absolute ZERO fact but your own made up fantasies.

Posted on: 2015/12/28 19:53
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Re: McNair Academic High School - racial quota
#97
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Quote:

Pebble wrote:
Quote:

devilsadvocate wrote:
Quote:

Pebble wrote:
Quote:

devilsadvocate wrote:
What you're missing is the very basic notion that choosing students based on race is inherently racist. Telling students they have to do better or try a little less hard because they are marking whatever race checkbox is the height of racism. The fact that it goes "in all direction" is meaningless. What makes this the most offensive is that it is taxpayer funded. When some random person says something racist I really don't care. When racist views become law and public policy alarm bells should be going off.

Anyway, my hope is that soon enough, the public sector will no longer be able to use AA. AA has steadily been eroded elsewhere. Hopefully, the Supreme Court will soon deal it another blow.

I'm not missing your argument. The problem is that your argument isn't grounded in examples of factual racism.

Can you provide an example of a student that was left out of the school while someone else with lower grades, lower test scores and lower community service was let in?

Unless you can provide an example of that occurring, all the school is doing is saying, "Well, we have a lot of qualified people so we'll accept a percentage from here and a percentage from there."


If we were to establish that these cases exist, would you agree that there's a problem?

That depends on the criteria. But, if we’re seeing a discrepancy where one student far below another student in every category is in the school while another is left out, then I would find that to be unfair.

Quote:

devilsadvocate wrote:
Quote:
You have not demonstrated racism by the school because the school is not allowing qualified black kids in due to filling Asian quotas. The school is not allowing qualified Asian students in due to filling Hispanic quotas. The school is not allowing qualified Hispanic kids in due to white quotas. The school is not allowing qualified white kids in due to black quotas. It is one big circle. The school is dividing it up based on the racial makeup of the town. That seems equitable given the facts.

I understand your desire to whittle away at Affirmative Action, but there is a very real reason it exists and did come into existence. Things have gotten better, but given the outright fact that racists (as witnessed in this thread and many others) exist is a reason to continue certain policies.


Nope, disagree entirely. Saying that racism goes all the way around and therefore is just fine is nonsense. And the notion that state instituted racism will make society less racist is also nonsense. At any rate, I'll be glad when it is gone.

I think the issue here is that you believe racism is occurring. What I’m saying is that we have a school in which 25% of the applicants are white, 25% of the applicants are Asian, 25% of the applicants are Hispanic and 25% of the applicants are black (numbers based on the census and the idea that every student in the city is applying to the same school). Based on this, the school is taking the top students from each of these categories. That isn’t racism, it is taking the top students and giving everyone a chance.

Having a quota doesn’t mean racism is occurring. Having a quota set the way that it is simply means that the make-up of the school will match the make-up of the city.



it's sad if you truly believe that. Imagine if the NBA/NFL did that, taking 25% of each race because it takes the "top" players from each category. Or if the military did that - have a quota of 25% for each race to qualify for their top programs. Or if NASA did that, must hire 25% of each race to be a scientist or astronaut. The list goes on.

There is absolutely no justification for the racial quota system. The country is built on competition and rewarding the most talented individuals REGARDLESS of race. Not this sad distortion just to have the appearance of political correctness.

And this is a school that suppose to teach and education our next generation.

Posted on: 2015/12/28 19:47
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Re: McNair Academic High School - racial quota
#98
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Quote:

JPhurst wrote:
Quote:

heights wrote:
So merit and grades are out the window then.


Not at all.


yes it is, and it is sad.

Instead of fostering competition and the spirit of best man wins for the top schools, now it's about the color of your skin.

Why should individuals from one race who are better qualified in term of academics / test scores be disqualified in favor of individuals from a different race who scored less and have lower academic records, simply because their skin color is different.

How is this not racism, where are the outrage?

Posted on: 2015/12/28 19:40
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Re: DIXON LEASING-- US MASTERS RESIDENTIAL
#99
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the fund only went up ~15% since beginning of 2014, meanwhile the jc market has been on fire since then, they also buy properties at significant discount vs the normal appreciation gained by homeowners who just buy at market price.

something definitely isn't adding up.

Posted on: 2015/11/22 7:36
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Re: Chick-fil-A, on the way!
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tried the burger and chicken nuggets, little bit better than mcdonalds and burger kings, nothing special /shrug

price was cheap though.

Posted on: 2015/11/19 17:45
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Re: 700 Grove
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Quote:

corybraiterman wrote:
bash the dude all you want, but he's pointing out that the OP is asking questions that are irrelevant as a whole.

might as well be asking how nice the deck chairs are on the titanic given what's been written about this place in the past. and how well the band plays.

basically, if you're asking how nice your neighbors are when you're perhaps throwing away a lifetime's (or even half or a quarter) worth of money, then maybe you're asking the wrong question.


Yep, i am trying to prevent the guy from making a big mistake with his life investment. At least giving him the facts and what to look for about the building so he knows what he is getting into.

All of you other whiners who moans about me not being nice enough, offers nothing but meaningless dribbles that pollutes the thread with useless posts. So you can all kiss my ass.

To the OP, hate me or thank me later, i dont really care. But do some research on the building you are buying into - there is a reason why those units are sitting on the market at 40% haircut to the newport/hoboken prices.

Posted on: 2015/11/17 19:20
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Re: 700 Grove
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Quote:

tarkan wrote:
Just checking in to see if any current/past owners/renters at 700 Grove have insight regarding the following:

Soundproofing and odors. Do you ever hear your neighbors? What's the noise transference in-between and below/above units? Is it common to smell odors from other units (e.g., cooking odors) in your unit?

Condo culture. What's the general vibe? Are neighbors generally friendly?

Condo association meetings. What are they like? How often do they take place? Are there any special assessments in the works?

Staff. Are they generally helpful? Courteous?

Pet peeves. What are your biggest pet peeves with the building? Anything you wish you would have known prior to purchasing?

Thanks!


Who the hell cares about any of those things, they dont mean squat.

Your building sits in front of a train yard with more tracks going through it than a bowl of spaghetti. Your surrounding neighbors are a beer factory, a few warehouses and parking lots that looked like the city of london during world war 2. Your immediate streets become a swimming pool for your cars when it rains. And the building is a structural disaster done by the friendly folks at Toll Brothers, go check the lawsuits filed against them

Talk about missing the checklist when buying a real estate....condo culture...lol....

Posted on: 2015/11/16 21:52
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Re: Chick-fil-A, on the way!
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lol @JCMan8 you really do enjoy arguing with everyone dont you.

Posted on: 2015/11/13 20:20
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Re: Chick-fil-A, on the way!
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Quote:

CatDog wrote:
Quote:

JCMan8 wrote:
Quote:

jcguy05 wrote:
Quote:

JCMan8 wrote:

"Organic" is a meaningless buzz word. About the only thing it means is you will be paying a lot more.


It is far from a buzz word, it has very strict standards to be certified as organic at least in the US (usda). Veggies/fruits must be grown on soils not containing the banned chemicals for at least 3 years. Animals has also strict food and movement requirements, cows/beef for example can only be usda organic if previous 2 generations are raised as organic, on top of the current one that is being certified. Not to mention no gmo.

You are what you eat, and it makes a big difference over time. In other countries like china organic doesnt mean as much because the standard is very loose and it's a buzzword. Not in the US.


Sorry, the term "organic" is largely a buzz word in the U.S.

"Many consumers who "fork over a little more" believe that the foods themselves are more nutritious, safer, and tastier. But the USDA proposal itself noted that, "No distinctions should be made between organically and non-organically produced products in terms of quality, appearance, or safety." In other words, no claim should be made that the foods themselves are better—or even different!"

http://www.quackwatch.com/01QuackeryRelatedTopics/organic.html

Also, I challenge you to find any chains which serve "organic" meat.

Like I said, people are going to "healthy" Chipolte and getting E. coli, while I've never heard of this happening at a Chik Fil A.
I think the desire to eat organic foods for many people derives from their opposition to the chemicals that get sprayed all over non-organic foods. Not necessarily because they think it will poison them, but because it ends up poisoning waterways, the earth, leads to less healthy crops in the long run, kills bees, and lines the pockets of scumbags like Monsanto. All of this is pretty well documented.

Same thing with antibiotics. It's not that I'm concerned about those antibiotics somehow harming me, but overuse of antibiotics leads to resistant bacteria, which breed stronger and stronger bacteria which can become harmful to humans and other creatures.


Yes, it's not so much the food is better/more nutritious or not. It's the chemicals, antibiotics, hormones etc.. that are injected or laced on it you consume along with non-organic food. It wont instantly make you sick, but you consume them for the next 30 years and it will have an adverse effect on you. Environmental is an added benefit as well.

The way things are produced now, everything is pretty much chemical engineered and lab-driven to get it done cheapest and fastest. No matter if they are animals or veggies/fruits. I know a friend who's a third generation butcher and deals directly with those animals also. And the process to be certified as usda organic on the beef is strict.

Besides it's not like i am mortgaging my house to buy organic, or without it i will die. But if it's available and you pay just slightly more to avoid ingesting all those chemicals and nasty stuff that's on the food or ingested by the animals before they are killed. To me that's a small price to pay.

Anyway to each of its own.

Posted on: 2015/11/12 16:15
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Re: Chick-fil-A, on the way!
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Quote:

JCMan8 wrote:

"Organic" is a meaningless buzz word. About the only thing it means is you will be paying a lot more.


It is far from a buzz word, it has very strict standards to be certified as organic at least in the US (usda). Veggies/fruits must be grown on soils not containing the banned chemicals for at least 3 years. Animals has also strict food and movement requirements, cows/beef for example can only be usda organic if previous 2 generations are raised as organic, on top of the current one that is being certified. Not to mention no gmo.

You are what you eat, and it makes a big difference over time. In other countries like china organic doesnt mean as much because the standard is very loose and it's a buzzword. Not in the US.

Posted on: 2015/11/11 22:13
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Re: Chick-fil-A, on the way!
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was going to try it for lunch today, but the line was so long you think they are giving out free lobsters.

no thanks, it's just fried chicken people...geez.

I even checked their website and after all the marketing bs, the quality of chicken they use arent any better than the lab monsters we normally have at supermarkets. They dont guarantee anything and forget about organic. At least cosi guarantees their chicken to be antibiotic free.

Posted on: 2015/11/11 21:49
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Re: Should tipping be eliminated at eateries?
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i hate tipping, not because i am cheap, but because it's just so damn annoying.

I have no problem if they just included a flat 18% service fee to every receipt and call it a day. I mean the original idea of tipping is for good service but in the US it's as mandatory as your bill.

So what's the point, just include it in the bill and save everyone the headache.

Posted on: 2015/11/11 21:39
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how to get property tax abatement credit refunded
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hi my tax abatement was reduced and on the website i can see a credit was applied. But how do i get that money out? since my mortgage bank continues to pay the same amount each quarter. The credit is never applied.

Is there a way for jc to send me a check or something? i tried to call their office but noone ever picks up the phone.

thanks

Posted on: 2015/11/10 16:57
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Re: Chick-fil-A, on the way!
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Quote:

Yvonne wrote:
Chick Fil A is always closed on Sunday, it was the founder's philosophy. He wanted employees to have the opportunity to go to church, if it was their wish.


is this true for the newport mall location? i thought the mall has strict requirements that all stores remain open during mall hours, as part of the contract the stores sign when they rent the space.

The fast food court space in the mall is highly desirable and there is certainly no shortage of chains wanting to move in, so i doubt the mall will agree to let chicken fill a close on sundays?

Posted on: 2015/11/9 16:08
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Re: HM news: Hibachi Grill & Supreme Buffet….
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Quote:

Sommerman wrote:
Quote:

neverleft wrote:
You DTJC peeps think you are hot stuff with Newport Mall getting a Chick-fil-A and a Cheesecake Factory.


I beg to differ. If we are hot stuff it's because both of the A&P locations in 07302 were sold off while many remained unsold. The old Pathmark will become an Asian market which will add to our selection of fresh vegetables and fish even for those who don't use Asian ingredients. Yup, us peeps are really cookin.

That being said, I was brought up being told: Eat to please yourself, dress to please others (Grandma Anna 1880- 1975). So don't understand the bad mouthing of what others choose to put in their mouth.



asian market in downtown jc really? that's awesome, do you know when they are opening?

I hated the drive to the supermarket on 440, decent place horrible location. This will make it much easier to get to if it's good like the ones in flushing.

Posted on: 2015/11/4 19:59
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Re: HM news: Hibachi Grill & Supreme Buffet….
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So i went for dinner...$13 a person.

The place was PACKED, we waited for 20 minutes before getting a seat.

The food is better than expected (for 13 bucks), they had a grill station where you can pick as much shrimp/steak etc..as you want and they will cook it for you. There are also about 4 different large islands of self serving hot/cold foods, all fresh, along with dessert / ice-cream. And finally a sushi island.

In term of seafood, there is steamed blue crabs which is surprisingly fresh and well done. Raw oyster - looked ok but i wasn't brave enough to try it. There is also crawfish, shrimp, and a few types of fish. All looked decent. No crab legs or lobster though, but for 13 bucks you can't complain.

If they keep the quality as it is, it's worth a visit to fulfill your guilty pleasures once a while.

Posted on: 2015/11/4 5:37
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Re: The Cheesecake Factory in Newport
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i will never understand why cheesecake factory is so popular, it's just regular american comfort food similar to chilis etc..in my opinion

Posted on: 2015/10/26 18:21
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Re: Is Jersey City Real Estate in a bubble?
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For the 5 years I rented out in a 15 year old higrise condo by the waterfront, my average total upkeep cost was less than $1000 a year. My math factored in 1 month of rent profit a year for upkeep cost.

Posted on: 2015/10/25 5:09
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Re: Is Jersey City Real Estate in a bubble?
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Quote:

bodhipooh wrote:
Quote:

SRhia wrote:
Is it only me, or do others also feel that the Gannon is priced very high? I understand the high rises with amenities (door man, pool, etc) can ask for a premium, but I don't think the Gannon has a pool? Or doorman???

Just curious, and want to understand.


Already discussed previous, but I will reiterate a few things:

This building is definitely overpriced. So much so that prices had to be adjusted a few months (6?) after they started to sell them. I have been inside twice, to look at units, and there is no way I would buy there. ZERO amenities (except for a nicely executed roof deck with nice grills) but really odd layouts in some units. The largest units have a lot of empty space that would be hard to put to use. They have some nice touches in some units (neatly done wood inlays along the sides) with BEAUTIFUL kitches (a huge plus to me, but others may think it is a waste) and some tacky/weird choices (illuminated crown moulding!?)

In conversation with the guy in charge (very nice and proper man) he tries top spin of $/sf as not applicable to JC (??) but the truth is that those Gannon units are still too high, even after the price adjustment. I think they were betting on low inventory for condos driving sales, but almost a year later and they have sold less than half the units. The last time I toured the place (about 4 months ago?) they had only sold 7 or 8 units (out of 27-28?) Very slow pace, obviously. If things do go south in the DTJC market, they will be hurting. And, by this time next year, The Oakman will be open and they will be competing against a building that has true luxury amenities. It will be a tough sale for The Gannon.


I LOLed everytime i walk by the building or one of their signs. Lets see...low rise... with little amenities...not waterfront, or even a very well laid out area. Asking for how much?

But i bet they will manage to sell them to some fools at the price they are asking lol

Posted on: 2015/10/23 15:32
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Re: Is Jersey City Real Estate in a bubble?
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Quote:

bodhipooh wrote:
Quote:

landshark wrote:
Quote:

SRhia wrote:
Thank you @jcguy05 for the long reply!

I'm curious though (and this is for all real estate investors): what is the advantage/disadvantage of cashing out? Assuming someone brought a property for investment (renting out) 5 years ago, and is currently breaking even (or making money) on rent. Why (or why not) would you cash out now? I can think of:

Advantage:
- cashing out to get cash on hand.
- Cash can be available for next investment property when market crashes. Or cash available to make other investments (eg stocks, etc);
- less to worry about (no tenants calling about problems!!!)

Disadvantage (??? Or perhaps rather "reasons to keep it"???):
- Tenant is already paying rent, so you're building equity. Why not keep it??? In 30 years (or length of mortgage), you'll own the property. And given it's a long time horizon, the property will appreciate in value by then anyway.
- no need to go through the hassle of selling (probably not a legit reason

So - did I miss something? Why are some others reasons to sell vs. keep an investment property knowing the market is going down?

Trying to learn here (since looks like there're some pros here)


Disadvantage:
Taxes, unless you can make a 1031 exchange work (which is not easy and you are then buying at the peak) you lose a good chunk of equity that is currently working for you.


THIS. By the time you factor out original closing costs, realtor fees, whatever other fees associated with selling, and all the federal real estate taxes, you may have VERY LITTLE to show for your investment unless the property has really appreciated A LOT. If you are talking about a 10% gain, you haven't made any money, really.

True story: a friend of mine is about to clear 100K on an investment property (after owning it for 10 years) and his take on the whole experience is "NEVER AGAIN". Once you factor in all the associated costs and headaches from the past 10 years, along with costs I mentioned above, the "gain" is reduced to almost nothing. All these TV shows make it look like an easy thing to do, but the market can be tricky (and fickle) and unless you are flipping for huge immediate gain, your long term investment must really, really appreciate for it to be worthwhile or profitable.


You lose 10% the second you buy a property, like a new car. So yes need a lot more than 10%, the price appreciation in dtjc from low (2010) to the high (now) is 70-100%.

The taxes are only on the net profit also, and for condos, there is not a lot you need to do or pay in term of upkeeps, it pretty much runs itself, especially in those waterfront highrises where you have quality tenants. So the numbers become easy to crunch: (price paid*1.1) / ((rent - condo fees - tax)*11). Usually anything <25 years is ok, provided the prices are reasonable (it is not right now).

For multi-families, it's a lot more work and cost. But when i did the numbers you can get the return down to close to 15 years if you know what you doing in term of renovating old houses and all the **** that comes with - getting it certified, tenants, upkeep, etc.. It's more work for more reward, and you need to know a lot more.


Posted on: 2015/10/23 15:18
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Re: Is Jersey City Real Estate in a bubble?
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Quote:

SRhia wrote:
@jcguy05 - how long do you think it'll take prices to come down? We've been dreaming to upgrade from an apartment to brownstone, and is now saving money. I know no one can predict the future, but I'm interested in hearing your thoughts on how long it will take to deflate this time around.

Just as an anecdote, I have a friend who lives in Brooklyn Heights. Her husband is in finance (a "bond" guy), and have told his wife (my friend) to sell their apartment there. He sees a major downturn (worse than 2008), and for much longer, and therefore does not want their assets tied to illiquid real estate. Her apartment was sold in 2 days, in cash, above asking price. She also said that a lot of her neighbors have sold as well in the area.




Time horizon is dependent on interest rates, my prediction is 2-3 years when the impact will be felt. It will not be a big pop like in 08 but a slow multi-year grind downwards - end result is the same, your property loses value.

Also to be clear i am making this comment specifically to downtown jersey city, where the risk is completely skewed. You have 500k 2brs 3 years ago now worth 1mil. So that 1 mil 2brs has a lot of room to fall in price. Versus for example a 600k house in rutherford that appreciated maybe 50-100k in the same 3 year period, your risk is much much lower in that case.

A brownstone in downtown jersey city i consider to be a very high risk play, most of them are well above 1mil now.

I have sold both of my investment condos in jersey city waterfront and couldnt believe the prices i got for them. Buyers are all clueless investors who just going to rent them out, they are looking at close to 40 year return after tax/condo fees at today's rent, even lower after abatement ends in 8 years. Completely irrational. For dtjc, only have the condo i am living in now, but fully leveraged with max mortgage.

Someone also made a comment most are foreign buyers with cash offers, i dont think that's completely true in downtown jersey city. Also lets be clear - those foreign buyers with cash are just 1 group - the chinese. And the cash over there is also drying up (i invested in shanghai real estate market for many years).

Quote:

SRhia wrote:
Quote:

JCMan8 wrote:
SRhia, the last time we had a major downturn, the stock market plummeted. Do you know if the people you are referring to also took their money out of the market?


The husband told me (1) not to go into bonds (coming from a bond guy); (2) not time for commodities yet either; (3) stock market is still the place to be for the long run. I think what he meant (if I understood him correctly) is that the stock market may/probably will tank (along with everything), but once that happens, between bonds and stocks, he'd still put his money in stocks as that would still outperform bonds in the loooooong road to recovery.

I'm shifting my portfolio to cash (not just based on what he told me, but from all the reading I've done), and is waiting for that opportunity that I'll be set for retirement. Fingers crossed!!!!!

PS I just hope I'll pull the trigger at the right time. Otherwise, the bet could go very wrong, and I'll lose my pants and say bye bye to retirement


It's all about risk distribution, keep 100% of your networth in cash has its own problems. But i agree i wouldnt keep any money in bonds. Even though a lot of smart guys got burned badly shorting them thinking the rates will increase sooner than later (it still hasnt).

Stock of quality companies is still my goto place, especially those that will benefit from interest going higher indirectly, like ADP. Also have a pretty decent distribution in quality companies dependent on oil and gold, like miners and oil companies, given how significant the drop was already.

Then there is always cash, american express savings insures up to 250k and has near a 1% yield which isnt too bad all things considered right now.

Back to downtown real estate, i wouldnt put any money in it now given the price it's at. Thinking about even selling the condo i am living in and just rent or buy one of those cheap 2-3br coops in fort lee for 250k to hold me over for the next 5-10 years. But then wife comes into play and against it - all this sentiment stuff about this being our home etc..etc. After factoring the risk of an unhappy wife vs potential of losing money as prices fall, i decided the latter is a much more acceptable risk to take so we will stay put.

If you must buy a big brownstone type building near dtjc, consider a nice 2 family in bayonne at around 400k, add 50k to rennovate, then rent out 1 family to cover the tax and interest on the mortgage. People will laugh at you for living in bayonne, but you will be much more financially protected than living in a 1mil brownstone here.

OK /rant off :)

Posted on: 2015/10/22 21:08
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Re: Is Jersey City Real Estate in a bubble?
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We are definitively in a price bubble now, you can mark this post. Small 1100sqf 2BRs in 77 hudson are above 1.5mil and getting sold. Rest 2BRs in highrises are closing in on 1mil.

With the fed rate set to go up starting next year (at the latest), the money supply will dry up, and those prices will not be sustainable.

My advise to existing home owners is to refinance your mortgage to leverage up and take out the max amount of cash allowed using today's property valuation and low rates. Cash will be king again in the next 2-5 years.

You can compare to nyc/brooklyn and point out dtjc is still cheaper, but at near 1mil for 2brs, 600k for 1br, and flat wages. It's just not sustainable growth, the bubble will deflate although slower than 08 as the buyers this time are higher quality not junk, but it will deflate nonetheless.

Get ready for a reality check in 2-3 years.

Posted on: 2015/10/20 20:34
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Re: TALDE JERSEY CITY
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Quote:

JcDevil wrote:

their food is innovative



seriously?

Posted on: 2015/9/28 17:42
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Re: TALDE JERSEY CITY
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Funny someone brought up this restaurant.

This is, by far, the WORST food i have ever had in jersey city both in term of taste, quality, and value. And i been to pretty much every restaurant here

Dont even know where to begin...

1) First the food is not asian nor chinese, by having a few chinese bowls does not make it so.

2) Second the quality/taste of the food is absolutely horrible. The raman is nothing more than the 99 cents instant noodles with an added egg, nothing like the restaurant or even takeout ramans from komegeshi / vivi etc.. not even close.

We also ordered chicken wings, it was so salty and heavily sauced, it's basically inedible. We had to wash it in glass of water first. There was a few other dishes, all terrible.

3) Third, the portion is extremely small while price is not. We ordered the lobster "bao" that cost just below $20, so was expecting at least a po boy type sandwich, what they bought was 2 bite sized wrap (the kind you used for peking duck) the size of a pingpong ball, with hardly any lobsters meat but few small pieces. Also tasted horrible, i think it was frozen or something. how they can mess up lobster meat is beyond me.

The raman was about 1/3 the size you get from komegeshi with no toppings except an egg.

I can unequivocally say this is absolutely the worst restaurant i have ever been to in jersey city, in term of food and value. It almost feel like a scam. I am not a picky eater, very tolerant of different type of food.

They should just stop serving dinner/lunch menus and leave this as a bar only with a snack menu.


Posted on: 2015/9/24 22:15
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Re: Anyone hear about the 100 floor tower Goldman Sachs is planning on the waterfront?
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Quote:

JCGuys wrote:
So I hear Goldman Sachs has approached the city about constructing a very tall tower on the waterfront next to their current building. Has anyone heard about this? Exciting!


This rumor is false, not sure where you getting those misinformation from.

Some history - the existing GS tower was suppose to be their new HQ but the front office people all refused to move to jersey city, so the plan was abandoned and the brand new trading floors etc.. that were built sit vacant as disaster recovery only.

The building remained half vacant with only the backoffice and some tech people there, then they rented a substantial part of the vacant space to one of the other big banks (dont remember the name), and continue to try to new tenants to fill it.

There was very old plan to build another tower by the parking lot area but the plan was abandoned as they couldnt even fill the existing building.

70 hudson (old lehman now barclays) still remains vacant even after a year after barclays moved out.

GS is not building another commercial tower in downtown jc.

Posted on: 2015/9/14 18:13
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