Re: Jersey City has big plans for 100 acres on West Side along Hackensack River |
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No rent control on new construction in J.C.
NJ state law (unless it has been changed since I last checked) exempts new construction from local rent control laws for 5 years.
Posted on: Yesterday 17:04
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Re: Jersey City has big plans for 100 acres on West Side along Hackensack River |
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Repeating the point Brewster has made repeatedly: Change the zoning so that 6+ unit buildings that are being torn down are not replaced with a 2 family and you will pretty much take care of the lack of affordable housing issue.
Anything the government does requires union labor working at the 'prevailing wage'. Last prevailing wage job I priced out raised labor costs about 270% over the private sector. The "affordable housing" will not be affordable for those paying for the interest on the bonds.
Posted on: Yesterday 12:41
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Re: Monday 6/18/2018 JC schools will close at 12:45....excessive heat |
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A Dominican female engineer is sitting behind me with a coat on. Me? Nice and comfy.. cool air feels great!
Posted on: Yesterday 12:36
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Re: Newark Ave. Fire at Moloney's Meat Market near County Court House ! |
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Stopped in this morning. The only casualty suffered by Maloney's was a smoked ham that was left in the oven, when Maloney's was ordered to evacuate.
It was 'extra crispy' by the time they got back into the store to turn off the oven.
Posted on: 6/15 10:20
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Re: Gothamist: The PATH Is A Packed, Slow-Motion Nightmare For NJ Commuters This Morning |
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Delays going in this morning. Thought I was lucky that I caught the 33rd St. train from JSQ without a wait. Then the train crawled and stopped repeatedly all the way to Christopher St. I have been leaving an extra 20 to 30 minutes early now just to account for PATH delays.
Long train wait coming home also.
Posted on: 6/13 16:07
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Re: Plastic bag bans coming to Hoboken, Jersey City |
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The ocean pollution issues are largely due to the third world (parts of Asia in particular) that lacking landfill space, just dump their trash in the ocean. Indiscriminate ocean dumping was common practice in NYC until NJ sued to get it to stop (way back in the 1920). Everything from melon rinds to dead horses were washing up on the NJ shore... which was bad for business. The reusable bags are not the most sanitary thing in the world and have been linked to an increase in food poisoning. We do have a litter issue in Jersey City. This is a cultural problem. We will just replace plastic with paper trash. Plastic grocery bags btw actually break down faster than paper, when exposed to sunlight (UV). If trash is being properly disposed of, being made of plastic, paper, or fairy dust isn't going to be an issue. Recycling of plastic an industry in crisis mode right now. A lot of what is being collected is being put into landfills or incinerated. China absorbed about 60% of all the plastic collected in the world for recycling. They pretty much banned the importation of scrap plastic (and a lot of paper) starting this January. The recycling industry was causing them all sorts of major environmental issues. Its easier / cheaper / cleaner to make new plastic, with the raw material sources here in the USA (made from cracking ethane, which we have lots of in the Marcellus and Utica shale deposits).
Posted on: 6/8 14:05
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Re: Plastic bag bans coming to Hoboken, Jersey City |
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So I guess in the near future, I will be buying boxes of small plastic trash bags. I re-use my shopping bags as trash liners and for other purposes.
Posted on: 6/8 11:36
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Re: Gothamist: The PATH Is A Packed, Slow-Motion Nightmare For NJ Commuters This Morning |
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I don't know if it is related with the signal & train control upgrade... but it seems like delays due to signal and mechanical issues are every other day now.
The rush window btw 7:45AM and 9:00AM goes to hell if you even so much as delay the next train by 20 minutes. The platforms become packed, with nothing but already full trains arriving.
Posted on: 6/5 12:43
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Re: Sweeney proposes slapping payroll tax on Jersey City businesses to fund schools |
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Yeah.. think I will stick with tomatoes and basil. I have to re-design the drainage system and improve the insulation. That is on hold due to new baby expenses followed by the fact the wife is tired of our "temporary" (for the past 14 years) kitchen. Hopefully next year I'll have it back up and running.
Posted on: 6/4 18:33
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Re: Sweeney proposes slapping payroll tax on Jersey City businesses to fund schools |
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We already increased the gas tax significantly. When you raise the sin taxes too high, people just buy off of the black market. This already happened with cigarettes. It will happen with marijuana when the state tries to charge confiscatory taxes for the product. People will just go buy from the black market. Anyone with a closet and a grow lamp can grow cannabis.
Posted on: 6/4 14:49
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Re: Pulaski Skyway to close for 2 years after Super Bowl: |
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The Skyway should have been replaced, not rebuilt. It was realized to be poorly designed clear back when it was first went into service.
Unfortunately, our powers that be couldn't keep themselves from raiding the Transportation Trust Fund.
Posted on: 6/4 11:39
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Re: Sweeney proposes slapping payroll tax on Jersey City businesses to fund schools |
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NJ imposed an income tax in 1976 to offset property taxes. Today we both have high income taxes and property taxes
Posted on: 6/4 9:07
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Re: Notice of violation & Order to correct - JCFD |
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What is the deal with 'windowless basement'? Are the windows required as an alternative to escape a fire or something?
Posted on: 5/23 14:29
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Re: We need more liquor licenses NOW! |
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Doesn't the state of NJ also limit the total number of liquor licenses statewide?
Posted on: 5/21 9:27
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Re: Port Authority tests new security scanners at WTC PATH station |
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Is it something like out of the movie Total Recall ('90s version)?
Posted on: 5/10 17:40
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Re: Package thief recorded |
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This guy just stole a package from a porch near Van Reypen & Vroom.
https://ring.com/share/6551409144702502536?s=nw
Posted on: 5/3 13:47
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Re: Looking for great day care for 1 year old |
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Anyone here send their toddlers to Smart Start Academy in the Heights?
Posted on: 5/3 13:29
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Re: North Korea to release 3 US citizens before meeting with Trump |
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Prices were lower because the Saudis flooded the market with oil in an attempt to drive out US domestic shale / limestone producers. The Saudis threw in the towel because they burned though billions in cash reserves, but failed. US producers can make money under $40 per bbl now due to improvements in the drilling tech. Prices may head back down come fall as production ramps up. The domestic drilling rig count started to climb a few months ago.
Posted on: 5/2 21:24
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Re: Bloomberg: Collapse of Public Pensions |
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https://burypensions.wordpress.com/201 ... istie-waffles/#more-12214 From the link: One of Chris Christie’s first actions as governor was to give himself breathing room on the budget by declining to make a $3.1 billion ‘required’ contribution to the New Jersey retirement system. You can do that in New Jersey and the courts are behind you all the way. Phil Murphy’s first budget includes a $3.2 billion pension payment…..for now. The Record and NorthJersey.com interviewed Phil Murphy for half-an-hour last Thursday for a story and this is what they got out of him on pensions. Even if Murphy gets the budget he has presented, he’ll be faced in future years with rising costs to pay into public employee pensions. The systems was underfunded for years by governors of both parties, and as a result New Jersey has the worst-funded system in the country. And despite health benefit and pension reforms by Christie and Democrats early in his tenure, the pension fund has such mounting cost that it threatens to consume an unsustainable amount of the budget. Murphy, who once led a commission focused on pension and health benefits, has earmarked $3.2 billion for the fund in the upcoming year, a record amount consistent with a ramp-up plan set by Christie. Murphy has acknowledged the need for further reforms, but said throughout his campaign that the state must live up to its end of the bargain. Even though Christie paid a cumulative record amount in to the pension fund, he still slashed the state’s obligation during lean budget years. Murphy said his answer “has not changed” from the campaign, though. The state must show “over the longer arc of history” that it is meeting its financial obligations to retirees. “I don’t mean tied to any particular contract or this particular budget. And so that’s where I’ve been and that’s where I continue to be,” Murphy said. Reading that last sentence over a few times makes me think that someone has been doing a little too much research on legalizing marijuana for recreational use. What do you think?
Posted on: 5/2 21:14
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Re: Solar Panel Installation |
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There are no rebates for solar in NJ. Your install would be entirely dependent on SREC payments in order to get anywhere near a reasonable return on investment. The price paid per SREC used to be upwards of $600 per MW. It is a lot lower now. http://www.njcleanenergy.com/srecpricing How big of a condo? (units, sqft of roof, etc.)
Posted on: 5/1 8:01
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5 Year tax abatements - still exist? |
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Planning for some major capital improvement work on one or two buildings this summer through fall. Does the 5 year abatement still exist? If so, do you apply for it before the work begins or after teh work is complete?
Posted on: 4/30 17:26
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Re: Package thief in the Heights - Booream Ave area |
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A while back I watched some vids of booby trapped packages that sprayed the thieves with dye when they opened the packages.
Posted on: 4/27 7:08
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Re: Package thief in the Heights - Booream Ave area |
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Not my place. I just get alerts when people send videos of package thieves.
Posted on: 4/26 15:17
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Package thief in the Heights - Booream Ave area |
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I have gotten alerted to more than one video of this guy who stole a package off a porch not long ago. This video link doesn't show the actual theft, but does show him. The theft video doesn't show his face.
https://ring.com/share/6548806531958546105?s=nw
Posted on: 4/26 13:43
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Re: The real deal or another Xanadu ? |
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So this is what it being done with the giant brownfield site that used to me National Lead's manufacturing facility.
Posted on: 4/23 14:09
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Re: New Tax Rate is Insane! |
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It was sold as a package when I bought this beat-to-hell 3 family building back in '99.. My tenants use it for parking.
Posted on: 4/22 15:32
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Re: New Tax Rate is Insane! |
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I would agree with you except this lot in question can't be built on, due to its size (small), shape, and the lack of setbacks from adjoining buildings. If I did put a 1 family on it, it would be one of those insanely skinny houses without about 7 ft of width in the interior. Basically, a multi-story closet.
Posted on: 4/22 7:27
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Re: New Tax Rate is Insane! |
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Got my vacant lot appraisal. Raised my taxes about 100%. I expected to go up given the higher land appraisals, but not that much. The lot is small, non-build, partially paved, and has room for about three cars.
Appraised value: about $124k Seems kind of high to me.
Posted on: 4/21 7:26
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Re: Bloomberg: Collapse of Public Pensions |
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If taxes reach confiscatory levels, users will just buy via the black market. This has already happened with cigarettes. It's too late for the pension plans. The time to fix it was 20+ years ago. Sweeney, to his credit, has been trying to get the state to fix the issue clear back in 2005. I think he even hinted at moving new state employees to a 401k type defined contribution plan. The unions took him to the woodshed over that proposal.
Posted on: 4/19 16:15
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Bloomberg: Collapse of Public Pensions |
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NJ leading the way...
https://www.bloombergquint.com/view/20 ... longer-a-distant-prospect New Jersey has $78 billion in its state pension fund, which is supposed to cover future payments with a present value of $280 billion. But that latter number is a projection. You can ignore it if you wish, or hope that soaring investment returns or a pandemic among retired workers will fix it. A more certain figure is that the $78 billion represents less than seven years of required cash payments. If we extrapolate from the past, rather than use promises in the state budget, current employees plus the state will contribute about $25 billion over those seven years, which could provide another few years before the till is empty. But it will also add around $60 billion of future liabilities to current employees. The system probably breaks down before the pension fund gets to zero, for example if assets were to fall below $30 billion while projected future liabilities exceeded $300 billion. Even the most optimistic people would have to admit the situation is unsustainable. This could happen in three years in a bad stock market, or perhaps 10 with good stock returns. But fund assets are so low relative to payouts that good returns aren't that helpful.
Posted on: 4/19 12:27
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