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Re: Fair current value for a home with low taxes.
#1
Home away from home
Home away from home


Have your realtor make an offer with which you're comfortable. If the buyer gets a higher offer the listing agent will call your realtor to let them know, so long as your offer is reasonable. Again, using Hoboken as a metric, I don't think the reval is going to cause a big problem with regard to values. I personally think the bigger issue is a sense that there may be a downturn in the economy.

Posted on: 10/26 12:04
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Re: Fair current value for a home with low taxes.
#2
Home away from home
Home away from home


For what it's worth, real estate taxes in Hoboken are pretty high and their real estate market doesn't seem to have been hindered by that. On the other hand, an economic downturn is forecasted by more than a few economists. Anecdotally, it seems more properties have been sitting on the market a little longer.

Posted on: 10/26 11:44

Edited by Sutherland on 2017/10/26 12:02:19
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Re: Solomon has no resume
#3
Home away from home
Home away from home


His CV is on Linked In

https://www.linkedin.com/in/james-solomon-0531aa37/

I don't know this candidate at all. So I have no opinion of him at this juncture.

But he does have a resume that he has posted publicly.


Posted on: 10/20 11:00
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Re: Apartments Available in Jersey City,NJ
#4
Home away from home
Home away from home


Emotional intelligence and charisma are integral to a successful political campaign. False criticism of the winning candidate is typically evidence of a candidate who lacked both, but didn't understand why he lost. Yet, after their defeat they continue to demonstrate that same weak etiquette in a desperate effort to undermine the candidate to who they lost their bid with a pathetic hope that the constituents will look to them as the candidate who got away. It never works and only makes that losing candidate looking more foolish. As it continues the constituents go from feeling sorry for that losing candidate to just losing all respect for them. Over all it's embarrassing.

Quote:

bodhipooh wrote:
Quote:

DanL wrote:
Wow! Hyper- gentrification from Dixon Leasing, $4,155 per month on Bowers in the Heights.

No wonder they gave $300k to mayor's Super PAC.



Quote:


Dude, you still haven't gotten over your crushing 2013 election defeat?? Dixon has long expanded outside of the DTJC area and they have several properties in The Heights, including one a few blocks away on Manhattan Ave. Their prices are not cheap, but the work they put into their properties is really, really well done. I have been inside two such properties and they are both as good as they look in the photographs.

This particular listing will have an effective monthly rent of $3,700 after you factor in the 2 free months. For a 4bd/3.5ba property with a private driveway, with those kinds of finishes, it really is a great deal.

Posted on: 10/7 17:55
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Re: Matsikoudis want to expand rent control?
#5
Home away from home
Home away from home


I think if owners of 2 and three family houses, especially those that were converted brownstones, were suddenly subject to rent control, they would convert them back to one families and sell them. Or sell them to buyers who are interested in converting them back to one families. Since I purchased my three family brownstone 16 years ago, I've anecdotally observed that more and more of the new buyers of these multi unit brownstones have been converting them back to one families and raising their families in them.

Quote:

brewster wrote:
Thinking more about this, I bet it would have the exact opposite effect of what he'd like. If you control the rents of small buildings I bet tons of owners would say fuck it, condo them and sell them off, dramatically reducing the number of rentals.

Rent control is a "zombie idea" that won't die just like supply-side economics, cuz people like to vote their wallets no matter how much evidence there is that it's a failure.

Posted on: 10/4 21:09
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Re: Top Fulop allies on tape trying to steer city bid, court depositions say
#6
Home away from home
Home away from home


People aren't talking about it, because it's hearsay on top of hearsay and most of it doesn't even make sense. It's a total hype article that one cares about because it's too convoluted of a story. Also, Pandolofo was a Healey aide. The entire thing stinks.

Posted on: 10/1 21:02
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Re: Dale Talde = Scum
#7
Home away from home
Home away from home


Sounds like it could be a frivolous law suit:

"Court records show that Atlantic Social is currently being sued for $60,639 over an unpaid bill from restaurant supplier Chef’s Warehouse.

A former Tony Roma’s employee also sued the Menexases’ holding company, Atlantic Yards Plaza LLC, in 2014, claiming she was not paid overtime."

Posted on: 9/13 20:06
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Handy Man Recommendations
#8
Home away from home
Home away from home


I'm looking for recommendations for a good handyman who works in the downtown area.

Thanks

Posted on: 6/27 16:41
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Re: Tell Trader Joe's to come to Jersey City!
#9
Home away from home
Home away from home


I'd much rather have a Wegman's.

Posted on: 5/3 8:29
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Re: Gardeners in Jersey City, I have questions...
#10
Home away from home
Home away from home


I do not plant tomatoes or other vegetables in my Jersey City back yard. IMHO there's too much underground fill for me to feel the vegetables would be safe to eat. Every year I find a bunch of new stuff that "crops" up, like marbles, toys, glass and other stuff.

I do however, plant perennials and some annuals and switch them up.

I used to use the Mothers day rule, but I have more recently started a little earlier.

However, if you go ahead with the tomatoes and are going to start with seeds, I second the suggestion of the poster who suggested you start the seeds in doors and then transplant them later. Also, I've observed some neighbors who've had container gardens for their veggies.

All the best and good luck!!

Posted on: 2/17 17:53
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Re: Fulop ties to Kushner?
#11
Home away from home
Home away from home


That's ok, Dan. But you're nobody's Mayor.

Quote:

DanL wrote:

#notmymayor



Posted on: 1/29 13:00
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Re: Jersey City mayor-elect orders end to citywide reval
#12
Home away from home
Home away from home


This beautiful Fair Haven home, which just sold for $1.7 mm has real estate taxes of $13,000.00. I'm confident their public schools are better than JC, they have less crime than JC, probably not as many water main breaks, which seems to be a regular occurrence and fewer pot holes.

http://realestate.nj.com/realestate-n ... ng.html#incart_river_home

Of course I anticipate someone telling me to move to Fair Haven if I wanted lower real estate taxes. However, I do think it's a worthwhile metric.


Posted on: 1/26 10:18
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New Year's Eve Options
#13
Home away from home
Home away from home


Any recommendations for a fun venue for New Year's Eve. Preferably something with dancing.

Posted on: 12/27 22:06
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Re: Critics target Jersey City over outside law firm
#14
Home away from home
Home away from home


DanL, I think you're probably 100% incorrect on that. Since the law firm's bills have been produced, that's as transparent as the city needs to be. The "criticism" lead by a very small group of or one former Healy minion(s), is merely a desperate effort of making a tempist in a teapot.

If I were running for Mayor, I would focus more on my history of advancing valuable initiatives for the benefit of the City, my skills that will enable me to do that and my strategy to continue doing that INSTEAD of squawking about non-existent drama.


Posted on: 12/27 9:20
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Re: Buy this beauty - and pray the reval never happens!
#15
Home away from home
Home away from home


That is a really nice house. $3mm is a lot, and I'm not sure the market will bare it. But I'm not insisting on that point. I hope I'm wrong. Parking is a great amenity. Looking at these and other similar pictures of home renovations gives me house envy and makes me want to renovate my place. However, the cost of such renovations can be around the $500k mark, which seems like a lot of dough to me Even if you can assume me it brings up the value by 100% of the cost of the renovation, I still have to pay that loan back, because I certainly don't have the cash for that kind of renovation. But God Bless the people that do. I love looking at real estate porn.

Posted on: 12/8 16:13
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Re: Jersey City mayor-elect orders end to citywide reval
#16
Home away from home
Home away from home


It will be interesting to see how the "values" are set. Since the crash, the volatility of the local market has been significant. A brownstone today going for $1.5mm was going for $750 just 5 years ago. That same house sold for $490k only 5 years before that, but was selling for $1mm, 6 years ago. If we're in a bubble now, values could drop again. While facing interest rate increases, that could similarly impact values.

Posted on: 12/1 16:13
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Window Washer for brownstone
#17
Home away from home
Home away from home


Any recommendations are welcome.

Thank you.

Posted on: 2016/11/21 14:53
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Re: Leaf Collection Schedule
#18
Home away from home
Home away from home


Thank you very much!!

Posted on: 2016/11/13 18:52
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Leaf Collection Schedule
#19
Home away from home
Home away from home


Can anyone direct me to the leaf collection schedule?

Thank you.

Posted on: 2016/11/13 12:29
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Re: Vote YES for 2 city questions
#20
Home away from home
Home away from home


Dolomiti,

The values of real estate has gone up significantly relatively recently. From 2000 through 2004 DTJC brownstone prices were somewhere between $250k to $550k. At the height around 2007 brownstones were somewhere in the $700k to $1mm range, of course depending on the typical variables. However, they slumped after the crash to $400k to $750, where they stayed for several years and then in the last two years definitely sky rocketed. However, no one ever imagined the values would have gone from the 2004 values to the current values. It could be surmised that the current values may be unsustainable and we are headed for another slump. The erratic movement of the market hardly supports the proposition that there have been huge tax breaks. Furthermore, the values of the homes, do not necessarily reflect the conditions of the neighborhood. Even at the height of the market in 2007, homeowners with children were not confident enough in the school system to stay and send their children to the local public schools. That's an integral component of assessing real estate values, not necessarily the prices the homes demand through a volatile market. [quote]
Dolomiti wrote:
[
Yeah... no. That's not how it works.

When and where those conditions are in effect, they are reflected in the value of the property, which is used as a basis for the property tax.

Property values have gone up, without this being reflected in the taxes collected. This has resulted in a de facto tax break.

There was no benefit 28 years ago, when the last reval was done. The benefit was minimal 15 years ago, when property taxes were rising. The benefit today is significant for many people today. And the people who have owned their homes for 28 years have gotten the maximum break possible in this situation.

So while I can sympathize with people because they have a low income, and yes it would suck to be driven out because your property taxes went up (even though they are deductible from federal taxes), the simple fact is that some people have gotten a huge break over the years.




Posted on: 2016/11/10 16:33
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Re: Vote YES for 2 city questions
#21
Home away from home
Home away from home


I disagree with you that anyone's been getting huge tax breaks. When people moved here 15 to 30 years ago, there was high crime, bad schools (which there still is), flooding issues, which there still are and a host of other issues making JC less desirable and not warranting higher real estate taxes. In the meanwhile we've been giving developers tax abatements. So it's pretty hard to tell a constituent that they've been under paying real estate taxes when we've been giving tax abatements to developer predicated on the notion that these are blighted areas. Quote:

Dolomiti wrote:
Quote:

Sutherland wrote:
I disagree with you. If people knew how much their new and increased real estate taxes are going to be, they would feel less inclined to take on an additional $200 to $400 in taxes. It's relative to how much MORE taxes people are able to pay.

Or, not.

If you're already paying $20,000 on real estate taxes, you're not even going to notice an additional $300.

Hopefully, though, people will notice more funds going into public parks.


Quote:
Also be mindful here are people who bought their homes 14 years ago and they never imagined their values would have gone up this month.

Sorry not sorry, but even as someone who has benefitted, and is looking at a nice whack in my own taxes, I have no sympathy for those individuals on this particular basis.

Some people have spent 10, 20, almost 30 years as the beneficiaries of lax property tax policies -- basically getting a huge break on their property taxes.

People deserve sympathy if their incomes are low. They don't deserve sympathy if they were totally unprepared for an inevitable increase in property taxes.

By the way, the reval is not exactly a state secret. At least some of the people who voted for #2 were fully aware that the reval was in the works.

Posted on: 2016/11/9 16:08
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Re: Vote YES for 2 city questions
#22
Home away from home
Home away from home


I disagree with you. If people knew how much their new and increased real estate taxes are going to be, they would feel less inclined to take on an additional $200 to $400 in taxes. It's relative to how much MORE taxes people are able to pay. Brownstones DTJC typically go for $1.5mm on average. Real estate taxes on those homes will go from approximately $13k to $22k a year. The additional $300 to $400 will be more of an issue at that point. I think the results would have been very different if the reval was already done before this was put before the constituency. Also be mindful here are people who bought their homes 14 years ago and they never imagined their values would have gone up this month. So while they have increased their equity, that's not the same as increasing their cash flow. Many of the people who moved here 14 years ago, moved here for a less expensive urban option. The exponential rise in real estate values was not anticipated by anyone. Quote:

bodhipooh wrote:
Quote:

Sutherland wrote:
Yes. I can't believe people voted for the Historic Trust Fund, without knowing how much there property is going to be assessed and how much their real estate taxes are going to increase. I bet if the constituency knew how much their new real estate taxes are going to be they would not have voted for this.


I think this is a faulty interpretation: if you own a one million dollar brownstone, the $200 additional tax ($16.66 / month) should not be an imposition. Regardless, the DTJC constituency will be in shock when their new assessments are announced, but that is 1 year out.

Posted on: 2016/11/9 14:11
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Re: Vote YES for 2 city questions
#23
Home away from home
Home away from home


Yes. I can't believe people voted for the Historic Trust Fund, without knowing how much there property is going to be assessed and how much their real estate taxes are going to increase. I bet if the constituency knew how much their new real estate taxes are going to be they would not have voted for this.

Posted on: 2016/11/9 13:27
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Re: Vote YES for 2 city questions
#24
Home away from home
Home away from home


Yes, in fact I am. My concern is based upon sales over the last three years. Quote:

chainsawhand wrote:

Fortunately, 20 is a pretty easy number to work with. Are you really worried your house is going to be reassessed for a million more dollars?


Quote:


Sutherland wrote:
I voted NO for question No. 2:

Ballot Question No 2 asks constituents to commit to paying $20 for every $100,000 their home is ASSESSED at for GREEN & OPEN SPACE. VOTE NO.

For one this is IN ADVANCE of the reval, so you don't know what your home is worth.

Two, this comes AFTER we let all of these developers build big huge tall buildings.

Three, this comes AFTER years of giving developers ABATEMENTS.

So why should the constituency pay more NOW??? Let the developers pay it.

Posted on: 2016/11/9 10:58
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Re: Vote NO to Jersey City Question No. 2
#25
Home away from home
Home away from home


I don't think it's a spite vote at all. I think the City made a choice and now they want me to pay for that choice. I don't think that's fair. I think the city should somehow retroactively recall all of the abatements instead.

Posted on: 2016/11/8 12:44
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Re: Vote NO to Jersey City Question No. 2
#26
Home away from home
Home away from home


I like green space too. However, we just gave a host of variances and abatements to developers, and NOW we're expected to pay for the loss in green space?!?!?!?! That's blatantly offensive.

Posted on: 2016/11/8 12:26
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Re: Vote YES for 2 city questions
#27
Home away from home
Home away from home


I voted NO for question No. 2:

Ballot Question No 2 asks constituents to commit to paying $20 for every $100,000 their home is ASSESSED at for GREEN & OPEN SPACE. VOTE NO.

For one this is IN ADVANCE of the reval, so you don't know what your home is worth.

Two, this comes AFTER we let all of these developers build big huge tall buildings.

Three, this comes AFTER years of giving developers ABATEMENTS.

So why should the constituency pay more NOW??? Let the developers pay it.

Posted on: 2016/11/8 11:52
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Vote NO to Jersey City Question No. 2
#28
Home away from home
Home away from home


Ballot Question No 2 asks constituents to commit to paying $20 for every $100,000 their home is ASSESSED at for GREEN & OPEN SPACE. VOTE NO.

For one this is IN ADVANCE of the reval, so you don't know what your home is worth.

Two, this comes AFTER we let all of these developers build big huge tall buildings.

Three, this comes AFTER years of giving developers ABATEMENTS.

So why should the constituency pay more NOW??? Let the developers pay it.

Posted on: 2016/11/8 11:48
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Ballot 1 - Casino's in No. NJ
#29
Home away from home
Home away from home


I'm voting NO. Please join me.

Posted on: 2016/11/7 12:39
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Re: 9th and Coles Tavern closing. Last day party is Friday 9/30
#30
Home away from home
Home away from home


I went there once under the current ownership. I found one of the owners rather surly and unaccommodating. I never returned. But it seemed they had a loyal customer base. All the best to the new owners.

Posted on: 2016/9/27 17:00
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