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Re: Dentist Recommendation
#1
Home away from home
Home away from home



If you need a lot of work done, and have limited insurance - Dr Arish Vahid is a great choice:

http://avdds.com/

Posted on: 1/10 20:27
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Re: Homeowner's Insurance
#2
Home away from home
Home away from home



I use Andover through the Borgeson Agency. No complaints. Their site lists who they work with.

http://www.borgesonagency.com/carriers.html

Posted on: 12/20 18:28
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Re: 2017 Reval ~ Property Inspections
#3
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Quote:

JCGuys wrote:
Jersey City's real estate valuations can't be viewed in a vacuum...


Nailed it.

Posted on: 12/15 12:55
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Re: 2017 Reval ~ Property Inspections
#4
Home away from home
Home away from home


Quote:

MDM wrote:
Quote:

Frinjc wrote:
In any case, the "reform" seems more profitable for investors who buy-to-rent since it looks like there won't be cap on SALT deduction. Imho though, any investment in this area should take into consideration the likelihood of a downward adjustment in rents with more units turning on the market.

https://www.marketwatch.com/story/the- ... hat-do-you-owe-2017-10-26


Rent income / loss has been treated as passive. Once your adjusted gross income goes over $100k, the tax advantage of owning investment property (ability to take losses against your active income) pretty much goes away.

So far I haven't found any articles on changes, if any, to the tax treatment of real estate income / loss.


One real estate blogger (and landlord) thinks RE investors will win big.
Quote:

https://investfourmore.com/2017/12/04/ ... x-law-affect-real-estate/

How will the new tax reform laws affect real estate investors?
The new tax laws aren’t doing any favors for homeowners, but the same cannot be said for real estate investors. The tax bills in the House and Senate are very business friendly. Right now, real estate investors pay much of their taxes as ordinary income. The highest tax bracket is 39.6% (which will also likely change), so on rental and flip income, most investors pay high tax rates based on how much income they make.

Most real estate investors use LLCs or S corporations to do business if they do not simply pay taxes as an individual. When you operate these types of businesses, the income passes through the corporation to the individual. In both the House and the Senate bills, pass-through tax rates would drastically change. If you were in the highest tax bracket, instead of paying 39.6%—or whatever the new highest rate will be (possibly 38)—you would pay 25% on pass-through income. The senate bill has some restrictions for those that make over $700,000, while the House bill does not. For those who have rentals or flip houses in a corporation, you will likely see big drops in your tax bill. I have 18 flips going at the moment, so this could literally save me hundreds of thousands of dollars in taxes in the next couple of years. However, some of these rules may not take effect until 2019.

The new rules change the corporate tax rate from 35% to 20%.

Here are some other changes that will benefit real estate investors if the changes make it into the final bill:

The depreciation schedule will decrease for rental property owners from 27.5 years to 25 years on residential properties and from 39 years to 25 years for nonresidential property.
Landlords will still be able to deduct their interest from mortgages in full on rentals they own.
Here is another article with more information on the changes with real estate.



Posted on: 12/6 10:20
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Re: 2017 Reval ~ Property Inspections
#5
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Home away from home


The Senate bill left the $1m interest deduction in-place, and 10k in SALTs. If passed, RE prices won't tank on policy.

Think Dolomiti is right, JC property prices will continue to be driven by supply and demand.

Posted on: 12/3 21:43
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Re: new city website
#6
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Home away from home


They made the site smartphone/tablet friendly. Navigation looks quite good on a smartphone.

Posted on: 11/30 18:03
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Re: Downtown Jersey City Thieves Stealing from Porches !!!!
#7
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Home away from home


UPS have a lot more drop-off locations in JC. For example - Key Foods and Mastrolia Pharmacy downtown.

https://www.ups.com/dropoff

Posted on: 11/30 17:56
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Re: 2017 Reval ~ Property Inspections
#8
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Quote:

brewster wrote:
Hold onto your hats folks. At this rate, we're looking at a 3 way trifecta of property apocalypse in 2018. We'll get reval raised taxes, revocation of said tax's deductibility, and a recession price retreat simultaneously.

Good times a-comin!


What's the latest on PTE and the tax bills wrt rental income? If passive rental income is treated at 25% - there would a pickup in buy-to-rent sales. It also remains to be seen whether JC benefits from a bigger shift out of NYC.

Posted on: 2017/11/28 14:05
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Re: Bright Street -- Prone to Flooding?
#9
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Home away from home



Worth asking the seller (or an insurance broker) to provide the CLUE report for the property.

http://www.bankrate.com/finance/insurance/clue-report.aspx

Posted on: 2017/11/10 12:23
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Re: Fair current value for a home with low taxes.
#10
Home away from home
Home away from home


Quote:

JCGuys wrote:
...

There's also the news out today regarding tax reform.

Only the interest on the first $500,000 in mortgage financing will be tax deductible. The deduction on state income taxes and property taxes will be capped at $10,000. The AMT is also planned for repeal. It's going to be a hell of a lot cheaper to live in a state with low property taxes and no income taxes. I can see New Jersey and New York City taking big hits.


What we have is a lot of uncertainty -and prices are likely to drop while people wait on the sidelines. People will come back in to the market pretty quickly after the reval and tax changes are complete. The proposed tax changes may prop up JC prices - given the bigger impact in Manhattan. I wouldn't expect the uncertainty discount to last long...

Posted on: 2017/11/2 22:35
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Re: Dog trainer suggestion
#11
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Home away from home


Steve is the absolute best locally.

http://www.packleaderdogs.com/

Posted on: 2017/10/9 7:50
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Re: 2017 Reval ~ Property Inspections
#12
Home away from home
Home away from home


Quote:

bryler wrote:
Maybe this has already been asked and answered, but in the midst of the current property revaluation, does it make sense to refinance now, or wait for the assessment to be completed early next year? I assume the value determined by the revaluation will have no impact on an appraisal conducted by a bank for a refinancing?

We bought in DTJC in 2015 and our property value appears to have increased (although this is hard to tell with any degree of certainty until we start the refinance and order the appraisal from the bank, or wait for the revaluation to be completed).


Refinance now. Interest rates are going up along with costs. The reval will have no impact on that.

Posted on: 2017/9/27 8:47
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Re: Fights, Drugs, Weapons @ JC Blue Apron Facility
#13
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Home away from home


Blue Apron have serious logistics issues. Missing ingredients every week. Last week they sent 2 entirely wrong recipes. I gave them every chance to fix and deliver. Best they could do was a Blue Apron credit.

Told them - you don't walk into McDonalds. Ask for Big Mac,Fries and Coke. Given a chicken-burger, Fries and Sprite. Then be happy with a refund and told to come back next week...

That's how these dumbf@@ks run their business...

Posted on: 2017/8/6 20:12
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Re: Jersey City issued $14 million in parking violations last year
#14
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Home away from home


Quote:

and estimated it would receive roughly $4.1 million in revenue from tickets in its yearly budget...


Doubt $4.1m would pay JCPA's pension obligations....

Posted on: 2017/8/6 20:00
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Re: More details on tax bills
#15
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Home away from home


Quote:

Yvonne wrote:
Recently, State Senator Brian Stack sent a letter to his constituents asking for input on legislation that might become law. So, I have two suggestions I hope the senator will consider.

First, I want legislation on the property tax bill I receive. There is a box on the tax bill that says, "State aid used to offset local property taxes." That box includes a figure showing my taxes would be higher if the state did not give money to the various agencies that receive my tax dollars. (more)

http://www.nj.com/opinion/index.ssf/2 ... e.html#incart_river_index


WTF. Can ANYONE make sense of their property tax bill?

How about something simple like:
1.WE THINK YOUR PROPERTY IS WORTH: $Xm
2.WE CHARGE YOU IN TAX: 7.x% $Xm = $n/year

Posted on: 2017/8/3 22:16
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Re: Trump Our New President
#16
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Home away from home


Anyone else think that trump gets wasted? Tweets stupid shit overnight. Then doubles down?

Posted on: 2017/7/31 22:00
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Re: Can JC kick it's parking addiction?
#17
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Home away from home


Quote:

Yvonne wrote:
I am sorry for your loss....

No you are not.

Posted on: 2017/7/25 21:16
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Re: Can JC kick it's parking addiction?
#18
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Quote:

Yvonne wrote:
Don't get old or have an accident and need continuous medical attention, jtjcview. When you only live for yourself and not part of a family, you develop an unrealistic view of life which is messy. I had a former neighbor who developed breast cancer and her doctor was in NYC. She could not take the PATH because anytime someone bump into her on the trains she had severe pains due to her illness so she took her car to her doctor's appointment. This is part of the messy life I am referring to.


My sister died of cancer last year. In and out of hospitals and doctors offices without parking. No problem. Your point being?

I'd add -Yvonne - you're an effing asshole when you prey on other people's tragedies to score a point.

Posted on: 2017/7/25 20:50
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Re: Can JC kick it's parking addiction?
#19
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Quote:

Yvonne wrote:
Alex, you never had the responsible of bringing sick relatives to the doctor for various appointments. You live in an idealize world where no one gets sick.


A doctor's office is a business like any other. If you need free or validated parking - that's down to the docs office. There's almost nowhere on the planet that offers near-free parking within a 60-minutes commute of any global center. Does NYC? Tokyo? London?

Posted on: 2017/7/25 20:30
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Re: Can JC kick it's parking addiction?
#20
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Quote:

jklm wrote:
Example of a high rise holding out spaces for commercial use for retail/businesses in building. Garage Parking is handed over to an outside company, i.e., LAZ.

110 First Street - 20 spaces for Car Rental company, 6+ spaces for building employees, 6+ spaces for WADLO child/school employees, EV charging station, 20+ reserved spaces, allows daily commuter parking, monthly parking for residents and non-residents.

Un-reserved parking spaces FULL from floor 1-6, 7th floor spotty and half of 8th floor has car rental and employee parking with a few un-reserved parking spaces occupied.

Parking on First Street and Warren Street is mostly people from 110 First and Modera, parking with no permits either because of lack of enforcement of Zone 4 permit parking during the day and they can park legally from M-F 4p-10a overnight and all weekend. So if they drive to work during the day - they can park for free at night and weekends.

No one from this building can claim there are no spaces available, but the parking garage is definitely not empty like everyone seems to say on JCList.


All that indicates is that the building owners are making the best of the under-utilized parking. And local businesses and commuters are getting parking spaces at fire-sale prices - subsidized in part by Jersey City.

I used to rent a similar parking space in a waterfront building for $100/month for ease of commute to downtown Manhattan. No doubt properties near the waterfront or PATH can fill their spaces. Parking lots elsewhere look like the lot at Newport mall.

Posted on: 2017/7/24 19:12
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Re: Can JC kick it's parking addiction?
#21
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Quote:

Bamb00zle wrote:
Quote:

dtjcview wrote:

By setting parking minimums for new development, the city is effectively subsidizing that parking out of my tax dollars. Without the parking requirement, the developers could build more units and supply greater tax revenue. How is that any different to your constant complaint about tax abatements?


Hmm, I'd have thought the opposite more likely true. An apartment with a parking space is worth more, it's assessment is more, and consequently it has higher property taxes. A car space uses no city services so on that basis I'd say the owner of the apartment with the car space is subsidizing those without car spaces.


Nope. The pilot (city revenue) is based on number of units x sq footage. The parking space doesn't enter that equation. If eventually those units convert to condos, the parking space would count very little towards a tax assessment, even if the parking was deeded - since it's not considered habitable space.

There is some benefit to the developer for have some available parking, and typically that's an add-on charge to a rental. But I'd bet every developer in JC would prefer to build more units and less parking - since most of it goes to waste.

Posted on: 2017/7/23 8:01
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Re: Can JC kick it's parking addiction?
#22
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Quote:

Yvonne wrote:
All new construction should have parking that is given and not charged. Then the residents would use those private parking spots and not use the streets. The fact that new development downtown charge exorbitant fees for parking is the reason parking is a problem downtown.


By setting parking minimums for new development, the city is effectively subsidizing that parking out of my tax dollars. Without the parking requirement, the developers could build more units and supply greater tax revenue. How is that any different to your constant complaint about tax abatements?

Posted on: 2017/7/22 18:52
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Re: Can JC kick it's parking addiction?
#23
Home away from home
Home away from home


Seems a few of you parrot the talk when it comes to deregulation and cutting out red tape...but where do you think Trump stands on the issue?

Why not let the market decide how many parking spaces are needed? You think we'll need more parking in 10-20 years with uber, ridesharing, and self-driving vehicles?

Posted on: 2017/7/22 16:32
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Can JC kick it's parking addiction?
#24
Home away from home
Home away from home


Thought-provoking article.

https://www.curbed.com/2017/7/21/16008 ... exico-city-urban-planning

Quote:

This week, Mexico City took a big step towards making housing more affordable and transit more efficient. Did it pass a new budget that funded new apartments, or propose a new expansion of the public transportation system? Nope, it simply eliminated parking minimums, the city regulations that impel builders to add a required amount of parking spots for every new unit of housing they create.

“It’s a 180-degree change in the approach toward parking,” Andrés Sañudo, a local planning consultant, told Streetsblog.

The biggest city in North America decided to limit the number of parking spaces allowed in new developments, and push policies that help convert existing spaces to different uses. The connection between affordability, transportation, and small patches of asphalt may not immediately seem apparent. But extensive studies by planners and researchers show quite the opposite. Cities—and renters—pay a big price for parking.


Mexico City just eliminated parking minimums, which may help North America’s largest urban area reshape itself into a more affordable, transit-friendly city. Shutterstock
Parking’s true price
Mandating parking not only wastes tons of valuable city real estate but it also bundles housing and parking together, making it impossible to pay for one without the other. This functions as a powerful force that not only shapes how cities look and function, but increases rent and housing costs.


One study of U.S. rental data found that forcing developers to add parking spots for new buildings contributes to 16 percent of the cost of an apartment, a cost passed down to renters. Writing in the journal Housing Policy Debate, researchers Gregory Pierce and C.J. Gabbe found that it’s not just a cost issue, it’s an equity issue. Urban dwellers who don’t own or use cars are in effect forced to subsidize parking spots for others, without any choice in the matter. The average cost of parking per renter was $142 a month, Pierce and Gabbe found, a price that is mostly paid by the urban poor.

Imagine how much easier it would be to make your rent payment if you could shave 16 percent off of your housing costs for an amenity that you don’t use. Nationwide, the researchers discovered, renters without cars end up subsidizing parking by an incredible $440 million a year. “While many households might have chosen to pay for on-site parking in a free market, this proportion is surely lower than what has been mandated,” write Gabbe and Pierce.
....

Posted on: 2017/7/22 6:21
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Re: Will Jersey City and Hoboken ever lose Abbott District Status?
#25
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Home away from home


Quote:

hero69 wrote:
so bullsh_t artist fulop is gonna hire a lawyer to fight changes in school funding. if fulop was so concerned about school funding, he would stop cheating the school system and non-abbot school districts by stopping all of his freaking abatements.

http://www.nj.com/hudson/index.ssf/20 ... fight_school_funding.html


The best school systems on the planet are federally funded. I don't think JC is doing anything wrong by taking advantage of local credits in what is basically a f%%ked up system. I'd be entirely happy if local whiny moms and pops pay full sticker price for the education of their kids. But I see neither happening....

Posted on: 2017/3/8 7:31
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Re: Jersey City mulls changes to pedestrian plaza to address rowdy bar-goers
#26
Home away from home
Home away from home


It's a pretty simple solution. The businesses that want to stay open past 10pm or so pay the $60k/year or so for security - or hire their own security that patrol the plaza.

Quote:

Two Boots Pizza owner Aaron Morrill described the required taxes and fees for businesses as "death by a thousand cuts." Evelyn Padin, a lawyer who also owns the Hard Grove Cafe, said she already pays for a sidewalk cafe license, a liquor license and for private garbage collection.

"It's constant paying," Padin said.

Posted on: 2017/3/8 6:03
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Re: Plumber?
#27
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Home away from home


Quote:

Dinger wrote:
You folks know this guy isn't even licensed?


Who gives a s%%t about a doc issued by the city or state? Does the city reimburse us for bad plumbing - or will we need to sue the plumber - licensed or not?

It's the uber vs licensed cabs argument - and the license is toilet paper as far as most of us are concerned.

Posted on: 2017/2/23 6:55
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Re: Woman dies falling off escalator inside famed World Trade Center Oculus while reaching to grab hat
#28
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Home away from home


When you die, your student debt goes with you. It's not inherited. What am I missing?

Posted on: 2017/2/14 7:44
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Re: ADOPTED RESCUE MASTIFF DOG ATTACKS, KILLS ELDERLY WOMAN IN QUEENS
#29
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Posted on: 2017/2/13 21:19
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Re: Up to 3" of Snow likely 2/8 (Wed night into Thursday)
#30
Home away from home
Home away from home


Quote:

bodhipooh wrote:
Definitely some props to the city, the mayor, and DPW. Most streets seem in very good shape. The municipal response to this snow event is head and shoulders above anything I had ever seen during the Healy years. They did a great job and deserve some praise and recognition.


Agree on the snow clean-up. Great job.

But why is all the road digging going on over the winter? My street isn't cleared - likely because the plows can't clear streets with the metal plates covering the excavation.

Speculation: is it driven by the risk of losing federal funds for roads and infrastructure - with the new Trump administration?


Posted on: 2017/2/9 22:46
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