Monroe wrote:
http://www.jcdaytrippers.com/

moobycow wrote:
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JCMan8 wrote:
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moobycow wrote:
Just because you own and run a business doesn't mean you actually know what is going to be best. Research has show, repeatedly, that making it easier for bikes and pedestrians is better for business.

Thank you for so eloquently describing the paternalism embodied behind most "progressive" policies.

Who cares if you own a business? I know how to run it better than you. This is for your own good.

And thank you for summing up the alternate position of, sure all the research points to you being correct, but F that I'm sticking with my position anyway because who needs to base their opinions on actual data.

equn wrote:


Thank you MDM that's what I hear too. Both my wife and myself are Asian, 100%, and we don't want to cheat on picking the racial category. It truly sucks though to be Asian on being admitted into top academic schools in JC.

We do NOT want to bring up our kid in a way that focuses on academic performance solely. But it looks like the system is very much against us...

jcneighbor wrote:
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bodhipooh wrote:
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Itwasme wrote:
They don't make any sense buying at market price a $2 million brownstone and renting it for $8k per month. The taxes are half the rent. Their investors are going to feel it. US "masters" ...where is the plantation?

I'll help you with the math... Currently, all of those properties they own are under assessed, so they are paying close to 1%. Take your theoretical 2MM brownstone, and they are likely paying less than 20K / year. For the sake of keeping things simple, let's say they are paying 24K, which is 2K per month. That's 25% of the theoretical 8K monthly rent. The rest is a steady stream of revenue for the investors, to the tune of 6K per month. I wouldn't worry about their finances... I think they know what they are doing.

Math looks about right to me if you assume zero other costs or vacancy time, which isn't realistic. But if the positive revenue is $6k/month on a 1.4Mil cash purchase (for example) it works out to an annual return (gross) of only 5.1%. Hardly spectacular. The real questions are whether the market will hold up and then probably the reval, and whether these properties will be well underwater with downward pressure on the rents at the same time. I haven't seen them sell anything, just still buying...

brewster wrote:
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bluehorse wrote:
Seems to me like there's a cooling off.

Is that the definition of cooling off, buyers saying no to crazy high prices?

SRhia wrote:
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jcneighbor wrote:

The word I have from 2 different Real Estate agents is that they're starting to sell some of their improved properties. Interesting...

Interesting... Is it because they can see the popping of the bubble coming soon?

Do you know what kind of prices they're asking?

thor800 wrote:
isnt the medical center within that blast radius ?

i wonder what the circle of destruction would be if the pipeline exploded. deaths in the thousands

Yvonne wrote:

The problem is the city not FOL, the city refuses to give money for some improvements. FOL manages the place but the city owns the theater and only the owner can put money into the theater.

eblanco wrote:
It's a big range. How much square footage, how many kitches, how many baths are we talking? What level of trim? What level of appliances?

$60k can be spent on an entire house or an entire kitchen.

jcdd wrote:
I really hope that the planned "grade school" becomes a reality. Why not extend it to a high school as well? We certainly need some new high schools in Jersey City. Wouldn't it be cool if they created a math and science magnet school, similar to, say, the Bronx School of Science in NYC?