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11% Increase in luxury Downtown Power House District
#1
Home away from home
Home away from home


I just received a renewal for an apartment my business rents, it's a new luxury building in the powerhouse district. Rent went up 11% is this the general trend in the area, or should I negotiate a smaller increase?

Posted on: 7/5 10:39
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Re: Jersey City school officials fret over plan to cut $8.5M in state aid
#2
Home away from home
Home away from home


Quote:

brewster wrote:
Quote:

ProdigalSon wrote:
I'm pretty sure the reval is the first step in a series of school funding issues for the city.


Most of your post is reasonable, but this is not relevant. The reval is revenue neutral, the tax levy (the total take) is by law the same after as before. The reval is only about who already in the JC ratable tax base in pays what.

What I hate about this issue is the whole thing is a black box. JC sure isn't undertaxed, so how can we be so far short of being able to pay for our own schools? Is the JCBOE wasteful compared to similarly challenged districts? All we hear is partisan noise, I've never heard of a forensic accountant's analysis of the JCBOE budget.


It's revenue neutral for how long? Is it revenue neutral to both the BOE and the City?

I don't think they go directly hand and hand with one another, but the reval and JCBOE funding by the state and city are intertwined (along with a host of other issues).

And yes the numbers are staggering, and that is what I really think scares me. Look 8.5 million is a drop in the bucket of a 500 mil budget at 1.7%, and this is possibly going to cause floundering, just think if the laws change and the state reduces aide further, it's going to be shocking, but not totally unfair.

It's certainly an interesting topic, I am curious as to how JC and the State will navigate it.

Posted on: 6/23 9:16
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Re: Jersey City school officials fret over plan to cut $8.5M in state aid
#3
Home away from home
Home away from home


I can't believe any of the politicians in JC would ever touch the school board with a 10 foot poll. There is a gaping wound that can be inflicted on JC by the state, 8.5 million is bad and going to leave the town scrambling. 217 million would cause a disaster. A further increase would be Great Depression sized calamity. I'm pretty sure the reval is the first step in a series of school funding issues for the city. I'm not even sure how residents can think it's fair that other towns shoulder 95%+ of their school budgets, yet this town can get by paying 15% or less?

It's insane that any politician would tout return of local control of the school board as a positive. It's clearly more rope for JC to hang itself by.

Posted on: 6/22 21:46
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Re: 2017 Reval ~ Property Inspections
#4
Home away from home
Home away from home


If I lived in a big building I wouldn't sweat the inspection. You get a chance to see what you are assessed at and your neighbors, it will in all likelihood be in line with the similar units and similar square footage, with some consideration for floor. Additionally your building may be abated, so there while they will inspect the

When you get the assessment, if you find it to be out of whack with your neighbors you will have ample time to appeal it. But in reality if it's off by 5k you are talking like $150 bucks annually. I can easily make the case that my time is working is much more beneficial then quibbling over essentially a rounding error.

Posted on: 6/7 10:47
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Re: 2017 Reval ~ Property Inspections
#5
Home away from home
Home away from home


Quote:

brewster wrote:
Quote:

bodhipooh wrote:
Not to pick arguments, but aren't all those DTJC brownstones also "million dollar homes"? And, look how much of a stink they are raising over having to pay their fair share after 10 - 20 years of underpaying... I am sure in five years time, the city will be expected to shoulder a larger portion of the local BOE budget, and shit *will* hit the fan.


Was there an argument there? The issue of redistributing taxes to make school funding fair is not going away, but I believe sending JC taxes into the stratosphere to raise another $200m, like over 3.5%, won't happen. The economic damage would be catastrophic, dwarfing the reval because it would effect every unabated property, not just the older DT ones.

I find it telling that Monroe always ties the high budget to poor performance, like he'd be OK with it if it got results. That's unlikely. BTW Monroe, your portrayal of Millburn as a tax victim is nonsense. They're not far above JC in the list of Tax Levy as percentage of Local Fair Share for schools. JC:32.75% Milburn: 41.3%. There's plenty of towns underaided, neighboring W Orange is at 128.38%.

https://docs.google.com/spreadsheets/d ... 1GBqhMuPDKDMTk/edit#gid=0
Linked from http://njeducationaid.blogspot.com/

Does JC BOE need to be pulled apart and put back together? Absolutely. Every district in the state should be held accountable for where it's money goes, by outside auditors, every year. Maybe if we cut off the sweet juice the 599 districts will see the light of consolidating. The smoke and mirrors to make public money vanish pisses me off. Oh, and no district living on the state tit should get to make it's own worker contracts, including Millburn.


What percentage on this list is optimal(I think it's 100%)? Additionally is it determining local fair share based on total value of homes in that town/district? Is that why so many beach towns with small populations, and even less school age students have virtually zero tax levy? It would be interesting to see the actual school budgets on this list as well.

Also one thing this list reinforces to me is that their are way to many municipalities in NJ.

Posted on: 5/22 15:50
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Sites to list apartment rentals
#6
Home away from home
Home away from home


I have to get a new tenant, it's been years since I've had to make a change, is craiglist still the go to, or is there a better more traffic'ed site these days?

Posted on: 4/11 11:56
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Re: Jersey City mayor-elect orders end to citywide reval
#7
Home away from home
Home away from home


From my understanding of the reassessment, the city will provide a fair market value for the home, if it sells at 1.8 it's a pretty good indication that 1.8 is the FMV. If the taxes go to 2.0%(seems low but humor me) that would make the taxes 36k annually, or 3k a month. That represents an increase of $2,117 in monthly overhead, which corresponds to about $580k in mortgage at 3.625%, I wouldn't touch downtown JC until after this is over.

Posted on: 1/11 11:20
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Re: Need a car blocking my driveway towed
#8
Home away from home
Home away from home


Quote:

jcneighbor wrote:
Heights, Just wondering if you have any insights into why that's the policy? Seems retarded to me. You're either blocking a legal curb cut for access to/from private property or you aren't...


It's a terrible policy as a whole, but they said that parking is still available to you so just use that parking. Once I found out about the policy, I always needed to leave when my driveway was blocked, regardless if it was 100% the truth. Which was maybe 3 times in the past 4 years. Cars have been towed twice.

Posted on: 12/7 15:35
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Re: 264-286 9th Street Condo Building
#9
Home away from home
Home away from home


Sent a PM.

Posted on: 12/5 15:20
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Re: Cost of Day Care in the Downtown JC area
#10
Home away from home
Home away from home


I pay 1550 at the Brunswick school for my 3.5 yol. The first year the holidays were great. The 2nd year schedule is similar to a traditional school. The school is great and it's constantly been improving since it opened.

Posted on: 2016/8/23 11:59
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Re: Virile Barber Shop
#11
Home away from home
Home away from home


They close the blinds when it's really hot out. It's very open and thriving. Try to get a cut there on short notice.

Posted on: 2016/8/12 10:38
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Re: Looking for reputable movers
#12
Home away from home
Home away from home


Tommy's Movers 201-656-5030.

I've used them twice and recommended them countless times. Every time it has been professional and well done.

Posted on: 2016/7/11 11:03
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Re: Affordable car service to Six Flags?
#13
Home away from home
Home away from home


Because I was on the site looking at another fare, as we speak. Downtown to Six Flags is estimated as 69-89 in an uberX.

Posted on: 2016/6/29 9:36
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Re: Golf Driving Range?
#14
Home away from home
Home away from home


The Lincoln Park range has been closed for years.

The closest two are Edgewater, and the one just off 46 in Palisades Park. Neither one is convenient, the one in Palisades Park is much nicer and worth the 5 minutes extra it takes to get there. I usually go after 8pm and after hitting about 130 balls the entire adventure takes about 2 hours.

Chelsea Piers is also right there but can be a hassle with clubs.

Posted on: 2016/6/27 9:42
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Re: Jersey City to JFK and LGA
#15
Home away from home
Home away from home


I heard the NYPD offers rides to JFK or LGA all the time.

Posted on: 2016/6/3 11:41
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Re: Civic JC and Civic Parent Partner on Interactive Map to Compare Property Sales to Assessed Values
#16
Home away from home
Home away from home


Quote:

dtjcview wrote:
One question I have, is how much does an increase in property tax really hurt the affluent?

Let's say a homeowner earns $200k/year - paying NJ State and federal taxes on that. Their property tax bill doubles from $10k to $20k. Isn't most or all of that deductible on their tax returns?

Any tax experts out there?


I wish it was so cut and dry, but property taxes feeds into AMT which starts being an issue at those levels. Interest deductions also get limited but I don't recall at what amounts. Additionally NJ only allows 10k deduction of property taxes on your state income tax return.

Posted on: 2016/6/1 15:20
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Re: How to manage buying and selling at the same time?
#17
Home away from home
Home away from home


Going through this right now, and it is stressful as hell.

I took a loan against a 401(k) for some of my down payment, and I have a Home Equity Line on my current residence and decent equity(over 55%). We are moving into a very competitive market, and multiple lawyers have told me that selling contingencies are no longer common in NJ. I feel pretty comfortable that our place will sell quickly and we will be able to pay back the 401(k), the HELOC, and our mortgage with some left over.

Posted on: 2016/5/19 15:14
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Re: Man found dead in Downtown Jersey City: police radio
#18
Home away from home
Home away from home


Looks like it was not foul play. I'll keep this man's family and friends in my thoughts.

Posted on: 2016/4/13 12:16
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Re: infant daycare options in downtown JC?
#19
Home away from home
Home away from home


Lol our kids probably are in the same class!

I agree with almost all of the points Adonis made.

They did just release the 2016-2017 schedule and they are closed a lot more then they were this year. I think it was 6 additional days and they appeared to be a much more traditional school schedule. And there were a couple of "in-service" days added in.

That said the place is great everyone I've taken there has been floored by the spaciousness, the friendly staff, and the results that they get out of our child. At the onset there was a little unevenness in general administration of the school, but I think since the start of the year things have gotten much better and communication has significantly picked up. That said the care for my child has always been exemplary.

Feel free to PM if you have any questions, we have been there since the 2nd or 3rd month they opened.

Quote:

Adonis wrote:
I think The Brunswick School is great. One thing that I like about it that other schools might not have is its private parking lot which makes it a lot easier to bring our children via car when we decide to do so (usually we walk). I also like how it has its own private outdoor play area. Some schools don't have that. I also like how they have their own washer/dryer for washing the children's clothes if it is necessary. I like the way they work on potty training when the time for that training comes. I like the cleanliness, the openness, and the brightness of the facility. I like how they don't follow the holiday/vacation schedule of the Jersey City public schools which means that when other schools are closed they are open. I like the food they prepare on-site in their own kitchen for the children. And the management/teachers have been a pleasure to work with.

Posted on: 2016/3/31 14:57
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Re: Local self-storage unit?
#20
Home away from home
Home away from home


I use A1 as well. When I looked it was about the same price as every where else and it is pretty convenient.

Posted on: 2016/3/28 14:07
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Re: infant daycare options in downtown JC?
#21
Home away from home
Home away from home


My kiddo goes to the Brunswick School.

They do a super job with our 3 year old.

I have friends with kids in the lower levels and they have very good things to say about it as well.

Posted on: 2016/3/16 12:55
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Re: Water Bills up 500%
#22
Home away from home
Home away from home


We do about 33/day per person in a 2 family with 4 adults and two kids. Less if you include the kids.

Posted on: 2016/3/9 13:15
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Re: TALDE JERSEY CITY
#23
Home away from home
Home away from home


A bit more info.

The shuttering of the 2nd space formerly Carrino, most recently Bell & Gray has cost them an arm and a leg. Talde is getting a deal at a rather large boutiqu-ish hotel chain which will put Talde's in numerous locations. This one restaurant isn't worth the time to try and save. Finally there are some ongoing issues with the developers.

Posted on: 2016/3/3 7:43
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Re: TALDE JERSEY CITY
#24
Home away from home
Home away from home


So is the restaurant. I heard from a couple of friends that work there that they were told the place was closing down, no time frame was given, but it will be closed shortly.


Quote:

Abe_Froman wrote:
ha. nice work. "website expired"

http://www.taldejerseycity.com


Posted on: 2016/3/2 15:40
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Re: Romantic restaurant, 1st date?
#25
Home away from home
Home away from home


BROA is fantastic. I've been there 3 times in 2016 alone. Love the food and BYOB.

Posted on: 2016/2/24 16:12
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Re: Plan to lower parking minimums in Jersey City spurs anger
#26
Home away from home
Home away from home


I can also tell you that I have gotten permits for two different homes that both had available parking for them. I don't think the parking authority is doing due diligence when someone applies for a permit.

Stop me if you've heard that one before, a rule is on the books in Jersey City and never enforced...

Posted on: 2016/2/23 16:49
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Re: Plan to lower parking minimums in Jersey City spurs anger
#27
Home away from home
Home away from home


Is the developer going to give something back to the community for this release from the agreement? I don't understand how they can get so close to being finished and then asked for these roll backs.

Posted on: 2016/2/23 8:29
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Re: Homeowner's Insurance
#28
Home away from home
Home away from home


I got my homeowners from the Brownstone Agency in Hoboken I was referred to them by our mortgage broker. The insurance itself is through Chubb. They are competent and handled the service quickly and without issue.

That said I recently looked to combine our auto/homeowner's because I understood Chubb had a "premium" on it. When it was all said and done 2 other insurance companies offered premiums that were more then Chubb, and the auto discount was negligible. Our homeowners insurance was about $1200 a year and we too have a flat roof.

Posted on: 2016/2/22 11:07
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Re: fighting to keep existing height and density zoning in The Village
#29
Home away from home
Home away from home


Any update on the proposed zoning changes in the Village?

Quote:

Erobinsonh wrote:
Quote:

ProdigalSon wrote:
Quote:

Erobinsonh wrote:

There are proposed zoning changes coming to the Village - no more R-1s, but what would be replacing the R1s in this case would allow 375 Fifth Street to be 8 units, with 4 parking spaces, instead of the 14 units, 0 parking requested. (Under current zoning it would be 4 units, 4 parking)

One of the reasons to re-zone the Village is to stop this game of escalating variances, but I don't know whether 375 Fifth Street would scale back if the City Council had already voted on this - asking for variances for height and density has historically been a successful strategy.



Can you go into the details on the zoning changes? Will all current R-1's be rezoned? I'm curious if my current R-1 will then allow me to build more/higher then is already existing.


At the moment the proposed changes are just for the Village - and details are still being discussed.

R-1 would become R-E, which would change the 1 or 2 family, 3-story with parking R1 into a 4-family, 4-story, no parking RE.
Also, on certain streets the former R1s would be allowed to have retail on the ground floor.



Posted on: 2016/2/19 12:24
Top


Re: Parking Too Close to Crosswalks
#30
Home away from home
Home away from home


Don't forget stealing from the county.

Quote:

jerseymom wrote:
The councilman is NOT a LEO and should NOT have a PBA shield.

And he is still allowed to drive legally in light of his DWI?

Jersey City at its best!

Posted on: 2016/2/17 15:12
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