Re: Cost of Home Inspection and RE Attorney
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Home away from home
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Quote:
They walked after attorney review, no violations on our part. They used the inspection clause in the contract as the excuse to walk. We disagreed with their findings of "physical defects" since the contract said the house was being sold "AS IS". But that's not the point. The point is that they could have walked at any time for any reason, even on the closing day, and our recourse is strictly suing for damages, and as I explained before that is an unlikely route to be taken. I'd love to know how the contract can be modified to have some actual teeth, such as being able to keep the deposit in those cases.
Posted on: 2012/4/18 22:52
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Re: Cost of Home Inspection and RE Attorney
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Home away from home
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That's very interesting. I just had the experience where the sale of my house fell through. The buyer walked even though we had a signed contract. We were using an attorney, who told us that the only remedy was to sue for damages, which in turn can only be demonstrated when the property sells for less than the contract price and in any event, legal fees can't be included in the calculation of damages. Our conclusion was that real estate purchase and sale contracts are essentially unenforceable (unless the seller is a real estate attorney, I suppose). May I ask what language you included in the contract that saved you "many times his fee"?
Posted on: 2012/4/18 17:52
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Re: Hamilton Park Renovation - Update
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Home away from home
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Glad you asked. There's a meeting of the Hamilton Park Neighborhood Association tonight at 7:45 at the Cordero School. Please come so that we can hear your thoughts on this very important issue.
Posted on: 2010/6/2 13:58
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Re: Jersey City man shot in head in apparent revenge attack dies; charges for 4 are upgraded to homi
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Home away from home
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Only if the alleged perpetrators were avenging a murder. Otherwise, it could be more like an eye for an eyelash.
Posted on: 2010/5/26 14:05
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Re: stop #24 on the walking tour of JC art: lonesome mattress stuffing
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Excellent stuff! Keep 'em coming!
Posted on: 2010/5/25 18:58
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Re: Christy Swiftly Vetoes Millionaires Tax Today -what happened to sermon about "everyone sacrificing?"
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Home away from home
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Yep, we're all doing much better now that Obama and the Dems rule the roost, right?
Posted on: 2010/5/23 2:28
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Re: Jersey City will fire 375 school employees; 114 more will retire
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Home away from home
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I like the suggestions for raising revenues. Here's mine: tax food based on calories/portion. For those of you who hate Christie, this would be a good one.
Posted on: 2010/5/18 19:28
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Re: Christie Speaks
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Home away from home
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FYI jcboyz, only BM, et al have the right to call anyone an a-hole. If you disagree with them, then you're one of the a-holes yourself.
Posted on: 2010/5/17 1:23
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Re: City To Conduct First Property Revaluation Since 1988
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Home away from home
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The ratio of market value to assessed value that the city is currently using is 21.5% based on the condo's recent data point. Applying that ratio to the Heights 3 family would imply a market value of $556,000. To the extent that the 3 family's current market value is more/less than that amount, its taxes would go up/down in the reval, everything else being the same.
Posted on: 2010/4/28 23:39
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Re: City To Conduct First Property Revaluation Since 1988
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Home away from home
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A reval is essential for JC. The big problem is that the people who own un-reassessed properties think high property taxes are other people's problem and therefore are either happy with the political machine, or apathetic about local politics. This keeps the machine going. Not until more people realize that the machine's corruption and incompetence are a problem will there be any chance for change for the better.
Posted on: 2010/4/28 17:24
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Re: PATH Train Express this morning
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Home away from home
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Govt can't undertake capital projects because most of the money they collect goes to pay salary and benefits of municipal employees. They could increase taxes, but if history is any guide, those increases would soon turn into increased salary and benefits for municipal employees. Because most people don't see this process, we're in a state of slow, gradual decay with no way out.
Posted on: 2010/4/22 17:19
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Re: SEC charges Goldman Sachs with fraud on CDO's tied to subprime mortgages
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Rating agency ratings are of dubious value. They almost always lag/miss economic reality. Just look at the range of market yields for equally rated instruments.
Posted on: 2010/4/20 17:24
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Re: SEC charges Goldman Sachs with fraud on CDO's tied to subprime mortgages
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Home away from home
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Less regulation. Except for disclosure requirements, most government regulations either a) can't prevent outright fraud, b) entrench the largest firms at the expense of smaller companies, c) perptuate/exacerbate the too big to fail problem, d) put taxpayers on hook for bets taken by big financial players, e) can be easily circumvented by high paid lawyers, lobbyists and accountants, f) I could go on if I wanted to take the time. When it comes to financial markets, the yield/ROI/etc is the primary measure of risk. If the government really wanted to help the retail level saver, they could adopt a color coded scheme for risk, like Homeland Security does: Green - yield less than t-bills - safe for everyone Yellow - yield btwn t-bills and investment grade corporates - only those willing to take some risk should participate Red - everything else - be prepared to lose everything
Posted on: 2010/4/19 21:30
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Re: SEC charges Goldman Sachs with fraud on CDO's tied to subprime mortgages
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In all of these examples, the govt's actions were explicitly designed to help the financial industry. To paraphrase you, the govt wanted the financial industry to "steal" from taxpayers. So who should taxpayers blame for this, the financial industry or the govt?
Posted on: 2010/4/19 17:35
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Re: Downtown: Man stabbed and robbed on First and Brunswick going to bar
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Home away from home
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I guess you haven't heard of democracy or political activism, people getting together to make changes they believe in? With that attitude, we wouldn't have many of the "rights" I'm sure you approve of. For example, let's say you're a minority, you go to a primarily white school and encounter racism, what would you suggest their family do: move to another town because you should have known better?
Posted on: 2010/4/14 22:43
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Re: Bergen Lafayette: Couple slain in botched carjacking
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Home away from home
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I get it. So, here in the area, the fact that there are investment bankers living on Park Ave. while at the same time there are poor crack-addicts in the ghettos explains the high crime rate. I can envision the police interrogation: Police: "Son, why did you shoot-up your hood?" Accused perp: "Those I-bankers make too much money!"
Posted on: 2010/4/14 18:24
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Re: Hamilton Park - Pet Free Zone Public Hearing - March 30, 6pm City Hall
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Home away from home
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It's controversial because some dog owners like their dogs to roam freely throughout the park and/or to throw ball with them across an entire quadrant of the park. I'm sure you witnessed this before the park closed for renovations.
Posted on: 2010/4/12 20:20
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Re: Woman slams another woman's head into bar at Downtown J.C. restaurant
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I'm sorry to hear this happened to your friend. If you can, you should advise her to urge the DA to prosecute the perpetrator to the fullest extent of the law. A violent person like that should not get away with a wrist slap.
Posted on: 2010/4/5 19:01
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Re: bored with JC restaurants
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Home away from home
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Homestyle = Italian American, in other words, saucy, heavy and humongous portions.
Posted on: 2010/4/1 17:10
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Re: bored with JC restaurants
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Home away from home
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Il Mulino is an over-priced tourist trap serving Chef Boyardee. I went there when I still lived in New York with a group of 6 people and the first question the waiter asks is: "So, where are you from?" You can have a good Italian meal (not Italian-American) at Giorgione on Spring St. They also have an excellent, reasonably priced wine list. Very close to us here in JC.
Posted on: 2010/4/1 16:15
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Re: Hamilton Park Renovation - Update
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I don't believe I'm out of place in saying that you will be able to walk your dogs in the park. You will get all of the exercise you wish walking your dogs through the park's walkways, which will most certainly be dog-friendly.
Posted on: 2010/3/24 17:34
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Re: Garbage on the ground and sidewalks everywhere
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Home away from home
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Over the past 3 - 4 months, I've contacted the Mayor's Action Bureau on many occasions about the fact that the garbage cans around Hamilton Park don't get picked up on weekends, so that by Sunday/Monday morning they're all overflowing sending the garbage to the sidewalk. I even suggested that if necessary they can drop one weekday collection to add the weekend collection, although that shouldn't be necessary since they don't have to pick up the cans on Jersey south of 7th St now that they're missing. I think they actually picked up on the weekend once during that time. I'm going to contact the JCIA directly today since I'm getting nowhere with the Action Bureau. I suggest others do the same.
With respect to the garbage cans that were removed from Jersey Ave, Fulop took them away, he can bring them back. I suggest concerned citizens of that neighborhood contact him to bring the cans back.
Posted on: 2010/3/22 13:56
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Re: New York Times: A Warm Winter for Rentals -- 50 Columbus nicer than her old place in Chelsea
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Home away from home
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Well let's look at the Bronx. The nicest part of the Bronx is arguably Riverdale, population 47,850 according to the 2000 census. I can tell you downtown JC has a lot more going on than Riverdale (although Wave Hill is quite nice). As for the rest of the Bronx, it's not a stretch to say its comparable to greater Hudson Cty. I'm sure downtown JC is much more attractive a place to live for a young professional than most of the Bronx.
Posted on: 2010/3/17 19:43
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Re: Flooding in Jersey City
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That's what happens in our basement. I saw it myself: water spurting from dozens of otherwise invisible cracks on the floor. It was pretty scary.
Posted on: 2010/3/16 20:18
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Re: Holy flooding Batman....
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Home away from home
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Sorry to hear that. We were in your shoes in April '07 but fortunately we were home when the flooding happened and were able to do something about it. In our case, the sump pump pumps water into the sewer system. It was working, but at a certain point, the JC sewer system became backed up and there was no where for the water from our basement to go. The only solution was to pump the water out into the sidewalk, which I did with a portable pump I have. You'll probably notice that a lot of your neighbors have pipes coming out to the sidewalk from their basements. I don't think this is to code, but it should take care of the problem. Alternatively, you can buy a portable pump, keep your eye on the weather and make sure you're home when this happens. FYI, we had 3" of rain over an 11 hr period. You should benchmark your risk of flooding to the amount of rainfall.
Posted on: 2010/3/15 14:36
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Re: Gov. Christie Forcing NJTransit Service Cuts, Fare Hikes
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Home away from home
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Thank you for stating your case so eloquently and convincingly.
Posted on: 2010/3/8 19:57
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Re: Gov. Christie Forcing NJTransit Service Cuts, Fare Hikes
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Home away from home
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Quote:
ianmac47 wrote: NJTransit should not be profitably based on fares. It absolutely should be subsidized by the state. The more people who take trains, the fewer people drive single occupancy vehicles on the already crowded roads. The cost of a typical freeway lane per mile is $20 million (PDF source ). The NJ Turnpike is 118 miles long. Not to mention 78, 80, 95, 280, 287, 195, 295-- adding lanes to those highways will cost a lot more than subsidizing NJ Transit. So yeah, think before you post. If you are capable of it.
Posted on: 2010/3/7 2:18
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Re: Gov. Christie Forcing NJTransit Service Cuts, Fare Hikes
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To have an intelligent discussion about these issues, you have ask the question: why does all of this cost so much? It's not just a matter of saying let's spend more on this or that to maintain a certain service level. The big cost of this is payroll and increasingly benefits and Christie is constrained by labor contracts as to what can be done. The unions want the only changes to be related to service cuts to get the un-informed public on their side. As compared to the private sector, work practices, salaries and benefits are sacrosanct. So the faustian bargain set up by the unions is: either more spending (and higher taxes) or service cuts.
Posted on: 2010/3/6 16:27
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Re: Will fire department cutbacks threaten public safety? Union says yes; city says no
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Home away from home
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Excellent analysis. Can present this at the next Council meeting, tonight maybe?
Posted on: 2010/2/10 14:54
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