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Re: "Jersey City mayor would build more housing for gentrifiers, call it ‘affordable’"
#1
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I would imagine taxes will have to go up to pay for the response efforts. The pension fund must be dismal after recent stock market losses and a savings interest rate near zero. I can see takes being hiked to make up the pension shortfall.

Commercial real estate valuations might drop, so it will fall on the residential ratable base to pick up the slack.

Lots of stuff still unknown.

Posted on: 4/6 20:07
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Re: Councilman Michael Yun - Dead from Coronavirus
#2
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Posted on: 4/6 19:42
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Re: Jersey City has big plans for 100 acres on West Side along Hackensack River
#3
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Quote:

JCGuys wrote:
It will be very interesting to see if Jersey City will be able to break even on this development with the economy catering.

Those bond interest payments still must be made.


No way this gets developed anytime soon with Cornavirus. Did the city make a $170 million mistake?

Posted on: 3/18 12:41
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Re: Newark Catholic Archdiocese Suspends Masses
#4
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wow

Posted on: 3/14 18:35
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Re: Jersey City has big plans for 100 acres on West Side along Hackensack River
#5
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It will be very interesting to see if Jersey City will be able to break even on this development with the economy catering.

Those bond interest payments still must be made.

Posted on: 3/4 20:19
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Re: Plan calls for high-rise to replace 75-year-old public housing complex in JC
#6
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Quote:

brewster wrote:
As for Europe, I assume the construction and operation of those underground is subsidized like most European infrastructure. We don't roll like that in "what's in it for ME" America.


The whole road network is highly subsidized. Around 90% of the cost is funded by something other than property taxes or the gas tax. Subsidized municipal parking lots are also a thing.

Posted on: 2/3 19:56
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Re: Plan calls for high-rise to replace 75-year-old public housing complex in JC
#7
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Of course money is the issue. Water table may be an issue downtown where land is only slightly above sea level.

Remove parking minimums in new development, but require by zoning that any parking be underground. Let the market decide how much parking to build.

Want to rent a one-bedroom apartment? $1,850. Plus there is an additional $150 fee for an assigned underground parking spot... if you want it.

Posted on: 2/2 20:20
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Re: Plan calls for high-rise to replace 75-year-old public housing complex in JC
#8
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Quote:

Yvonne wrote:
It is obvious some folks on JClist do not go to public meetings in various neighborhoods, it is not Yvonne, it is hundreds of people complaining about loss parking, especially bikes lanes at the expense of cars. There were hundreds of people at Hudson Catholic School including St. Peter's University, making the same complaint. Not to mention, the businesses that are hurt because shoppers go else. Really, how selfish are some comments. In fact the city should do a survey on the people of people that shop in Bayonne or other towns due to the loss of parking.


Thanks for proving my point. Parking, parking, parking but no concern on how parking impacts housing affordability.

Posted on: 1/31 15:29
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Re: Plan calls for high-rise to replace 75-year-old public housing complex in JC
#9
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Quote:

brewster wrote:
Quote:

JCGuys wrote:
How could such a goal be accomplished? Eliminate the scourge of R1 Housing Zoning in the Heights.

A Bayonne Box can easily rent for around $2,500. If that same plot of land housed four or six units, the property owner could rent for a lot less while still making a very handsome profit.

But what about the PARKING!!!!!!!!!!!

Interesting article in the Times yesterday. It's possible density may finally be getting talked about as a solution to high costs instead of rent control.

Everything You Think You Know About Housing Is Probably Wrong
https://www.nytimes.com/2020/01/28/art ... ng-skyscraper-museum.html


Yvonne's parking spot is more important than reasonably priced housing for the middle class.

https://en.wikipedia.org/wiki/The_High_Cost_of_Free_Parking

I got my housing - F* everyone else.

Posted on: 1/30 23:49
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Re: Plan calls for high-rise to replace 75-year-old public housing complex in JC
#10
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How could such a goal be accomplished? Eliminate the scourge of R1 Housing Zoning in the Heights.

A Bayonne Box can easily rent for around $2,500. If that same plot of land housed four or six units, the property owner could rent for a lot less while still making a very handsome profit.

Posted on: 1/30 22:34
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Re: Plan calls for high-rise to replace 75-year-old public housing complex in JC
#11
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Quote:

bodhipooh wrote:
Quote:

MikeyTBC wrote:
No chance they're letting all the old residents come back. I'm guessing a lottery to access something like 5% of the new units. Just enough for it to qualify as "mixed-income"


Honestly, I would be surprised if even THAT happens. The cynic in me just thinks or assumes that the developer will agree to some terms, then turn around and petition the council for a variance to have the low-income units replaced with housing built elsewhere, as has been done by so many other developers. I know Fulop is on the record as saying he will not allow for this, but we have seen him go back on his word on other things, and if you have the right connections, I can see a developer pushing for that again, and again.

I agree with JCGuys that we should move away from the concept of "concentration of poverty" but mixed income housing seldom works out as it is billed: some (most) people don't want to live next to others they deem poorer, mixed income housing will often treat their low-income residents differently (sometimes openly, others overtly) and developers and pols have made a mockery of the concept itself by allowing developers to satisfy their commitments by building the approved low-income units in completely different areas of town.

If we are going to institute policies that strive to integrate people more closely, then adhere to those ideals and commitments. Don't just say something and do something else.


Mixed income can be done right. The best examples you would not be able to tell apart the market rate residents and units from the residents of the affordable units.

The problem is it never works if it's luxury building. Too much snobbery on display. Bodhipooh aced the attitudes! "How dare someone poorer than me live next to me."

There are subsidizes and housing lotteries for the poor. The rich can afford anything they want and eat up all the new stuff. But the hard working middle class is being squeezed out of Jersey City.

I think any discussion on creating affordable housing should include normal market rate housing geared towards the average citizen. A new building with rents ranging from $1,000 to $1,500 is more than reasonable for the middle class and a developer would still make a handsome profit. It's just a matter of the city allowing and encouraging the construction.

Instead, the only thing that gets built are these luxury rentals with a special number of handpicked low-income renters to occupy the subsidized units.

Posted on: 1/30 22:23
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Re: Plan calls for high-rise to replace 75-year-old public housing complex in JC
#12
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Quote:

JC_Man wrote:
Who is paying for this?


If it's mixed-income housing, presumably the developer will be paying for the construction with the federal government paying for the long-term housing subsidies.

It's probably a good thing to have the developer pay for the much needed housing repairs in the 75-year-old complex by creating new units, but I'm not naive enough to believe that all the current residents will be welcomed back to a high-rise complex.

The alternative would be just to let the current complex fall further into disrepair with patchwork repairs funded by the housing authority.

Mixed-income housing is the way to go. No more concentrations of poverty.

Posted on: 1/30 11:30
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Re: Will Jersey City and Hoboken ever lose Abbott District Status?
#13
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Quote:

Ralph_Abutts wrote:
Incorrect. The city will receive more revenue once the abatement expires; that is by definition.


Wrong.

City recieves more money in Payment In Lieu Of Taxes (PILOT) payments than it would receive under normal taxation.

I challenge you to look at the tax records of a recently expired building and compare the PILOT payment to the city portion of a property tax bill.

Posted on: 1/21 0:20
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Re: Will Jersey City and Hoboken ever lose Abbott District Status?
#14
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We need a new slate that will defund the school board and keep taxes low.

Posted on: 1/18 14:24
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Re: New Jersey-New York area lost 5,700 millionaires in 2018
#15
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Quote:

bodhipooh wrote:
Quote:

Sutherland wrote:
Then who is buying up all of this real estate? I realize the real estate market in NYC and some areas of NNJ have cooled in part. But that's in part because the numbers had reached super, super stratospheric heights. Still, even with the dip, prices are high and people are still buying expensive real estate. In Asbury Park at least 20 units in the Ocean Club sold for anywhere from $1mm to $5mm. Properties in JC are still moving as are properties in the several million mark in NYC. It seems to me there's plenty of money floating around.


A lot (most?) of the high end real estate in NYC/Manhattan is being snapped up by foreigners who don't have to pay state taxes on income. As the real estate market in NYC has remained hot for so long, people have been pushed out into other areas, such as the ones you point out in your message. In many ways, Jersey City, and much of NJ, has benefitted from the overly-hot NYC real estate market, as people leave NY and relocate here.

The problem with foreigners snapping up real estate (which is also a problem locally in JC, btw) is that it can artificially inflate a local market but those buying properties don't contribute to state coffers much, if at all. They are not subject to state income taxes, and property taxes are super low in NYC.


Bingo! If there is one thing about the high property taxes in New Jersey, all of these foreign buyers of luxury real estate are contributing fairly local coffers. One example is 99 Hudson. It recieved no abatement and will generate millions for the city, county and school board but will not consume much in the city of city services. How many school-aged children living in 99 Hudson will goto JC public schools? Slim to none.

Posted on: 1/16 14:13
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Re: New Jersey-New York area lost 5,700 millionaires in 2018
#16
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Quote:

biggoron wrote:

My presumption is that people are leaving the rural parts of the state for which jobs and the weather (for upstate NY) are much bigger factors then taxes. In the urban areas across the country (NYC, SF, etc) I see housing prices as more of a problem then taxes or other factors, but I doubt cities and towns will allow for sufficient density to meet demand.


This makes sense, but there will be a day of reckoning. Jersey City is the one part of the NYC metro area allowing adequate supply to be built. There is probably going to be tens of thousands of people every year looking to escape the high rents and NYC resident income tax for a more affordable (compared to NYC) option in Jersey City.

Posted on: 1/14 11:24
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Re: NJ family says they received used diapers in nightmare Amazon delivery
#17
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Unnecessary drama: “I picked up the diapers and it was a little bit heavy, I was half asleep the lights were off,” she explained. “At that point, I turn on the light and that’s when I noticed these diapers are neatly-folded and they are soiled.

The shocking discovery prompted the mom to immediately disinfect her nursery, even wiping down her 19-month-old daughter with rubbing alcohol."

Shit happens, Nassly. Get your refund from Amazon and move on with life. How is this even news.

Posted on: 1/11 20:29
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Re: USSF Grassroots Soccer License Course in JC Starts Monday
#18
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United States Space Force? ;)

Posted on: 2019/11/20 20:41
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Re: PATH Train: New fares for SmartLink Multi-Trip & Unlimited Passes effective 11/1/19
#19
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Out of curiosity, how many people here use the SmartLink card compared to Metrocard?

Posted on: 2019/10/30 17:32
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Re: Statute of Blessed Mother in front of St. Michael
#20
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Quote:

Mao wrote:
What did Fr. Quinn say? In the paper I thought he said something like: "THis is painful for us, but that person is welcome here anytime.:

I don't know. Can't one say: that person unless he's criminally insane should be punished and held accountable. Then we can welcome him.


It was a horrible and evil act, but if the quote is accurate, I agree with Ft. Quinn. If the person is truly contrite for what he (or she) has done, I would forgive them, even though this was a painful act.

Posted on: 2019/9/18 22:15
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Re: 22X bus mystery
#21
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This literally took 4 seconds on google to find.

22X Union City - Hoboken Express

https://www.njtransit.com/pdf/bus/T0022.pdf

Posted on: 2019/8/11 3:39
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Re: Paulus Hook to midtown NYC via PATH
#22
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I would do exactly as you mentioned. Take PATH to Newport then transfer trains. If possible, leave a little earlier to avoid the crowds. 8-9am on PATH is killer, but 7-8am isn't too bad... yet.

All other methods will significant add costs and/or commuting times.

If paying two fares wasn't an issue, I would take Exchange to WTC than MTA up, but the WTC transfer just flat out sucks.

Posted on: 2019/7/23 20:34
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Re: McLaughlin Funeral Home sold their parking lot.
#23
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Quote:

Yvonne wrote:
$ 16 Million for a vacant lot and the JC Bd of Ed is selling their 7 story, solid building, plus huge parking lots, next to a Light Rail Stop for a paltry $ 6 Million which the city bought 25 years ago for $ 9 Million. Let's see how this is explained.


Development rights are a little higher in JSQ than by the light rail...

Posted on: 2019/7/16 20:29
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Re: McLaughlin Funeral Home sold their parking lot.
#24
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Quote:

dr_nick_riviera wrote:
Quote:

JCBORN wrote:
I heard the old funeral home on Brunswick St. is presenting new plans. 4 story mixed-use with 26 residential units and commercial space on the ground floor. There will be no parking. The hearing is next week.


Ho ho ho, this one is rich. The "Build Nothing, Nowhere, EVER" NIMBYs that run the VNA decided to sue the city for approviing this project that was originally going to provide because they didn't like one extra floor of units (that was going to be setback from the street anyway). The developer then decided to go the path of least resistance and build as-of-right, which to the horror of the parking NIMBYs in the neighborhood, included retail instead of parking.

So now half the neighborhood is up in arms at the self-appointed idiots that run the VNA because of this lack of parking. Hopefully this is the start of a NIMBY civil war in the VNA and they'll be too paralyzed to initiate their pointless lawsuits in the future.


Sweet! I'll bring the popcorn.

Posted on: 2019/7/16 2:25
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Re: Neighbor illegaly paved over front yard for parking
#25
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ROFL!!!!

What a mess.

Informal parking spots that are not big enough and end up with cars blocking the sidewalk are a huge problem for pedestrians.

I wish there was a revenue neutral tax on parking sports and heavy fines for illegal ones.

Posted on: 2019/7/15 16:00
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Re: McLaughlin Funeral Home sold their parking lot.
#26
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It's literally next to.one of the largest parking garages in the city!

I respect McLaughlin for not selling out. It also makes sense to sell the vacant lot since it would be cheaper just to offer validations at Journal Sauare garage than to keep the lot underutilized.So, TimmyTimBuckTwo, any details about what this new building would be?

Posted on: 2019/7/15 13:54
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Re: Neighbor illegaly paved over front yard for parking
#27
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Usually I believe neighbors should mind their own business for minor things that dont effect anyone, but paving over the lot and adding a curb cut is obnoxious. This should be an easy case for code enforcement.

Posted on: 2019/7/13 20:04
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Re: Window washers spray nesting peregrine falcons off JC building
#28
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Quote:

psyop wrote:
Quote:

JCGuys wrote:
I'm also going to catch a lot of shit about this...

I don't care.


You know you are a DB and post anyway, do you need attention or something?

Congrats!


I have no trouble being called a DB, but a further explanation is owed. Obviously this is a horrible act. It just upsets me that a majority of the population has more empathy for the birds but little to none for the homelessness crisis, folks being pushed out of their home to do rising costs, the lack of education and economic opportunities in certain sections of the city,

The bird situation is a tradgety but so many more injustices happening every day and some never say a peep.

Posted on: 2019/6/21 16:26
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Re: Window washers spray nesting peregrine falcons off JC building
#29
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I'm also going to catch a lot of shit about this...

I don't care.

Posted on: 2019/6/21 0:08
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Re: Port Authority announces plan to increase PATH capacity, reduce delays
#30
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To all the dumb shits that complain about Jersey City's resurgence by saying they shouldnt allow new development because the PATH train is overcrowded. Look at the results...

As I always knew, the new developments has forced PATH train service to being improved with more trains, better frequency, and a 40% increase in capacity to accommodate the new comers. This would have never happened had Jersey City was still in decline.

Now gotta find the idiota that encourage people to contact the PATH director on linkedin. Nope. It was the crisis created by the new development that forced the improvements. Not your DM.

Posted on: 2019/6/20 22:29
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