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Re: HPNA neglects to hold Nominations for Elections
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Home away from home
 
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Yesterday I had an exasperating e-mail exchange with an elected member of HPNA. I was attempting to find out when nominations would be held. Those that know me are aware that I avoid confrontation, and treat others with respect. I can?t say that this is true of the individual from HPNA that I was dealing with.
This is what I wrote: Please confirm that there (will) be nominations for HPNA officers /directors at the November meeting. I didn't see a public announcement. I have still not received a satisfactory reply, such as ?thanks for asking, Steve. We will have nominations in December or January at the latest.? Later that day I e-mailed the President of HPHA and asked when their nominations and elections occur. I received a prompt and courteous reply, and I don't even live in Paulus Hook! HPNA is part of the Downtown Coalition of Neighborhood Associations (DCNA). The other associations are: Van Vorst Park Assoc. (VVPA), Harsimus Cove Assoc (HCA) and Historic Paulus Hook Association (HPHA). Nominations for these associations are: VVPA - Nominations and elections are annual. HPHA ? Nominations are prior to the December meeting. HCA ? The nomination process started in October. elections at the annual meeting in November. HPNA - Bylaws have not been ratified? At the meeting tonight (11/2/2005) perhaps HPNA will show some respect to their neighbors and announce when nominations and elections will occur.
Posted on: 2005/11/2 16:09
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Re: Flooding (help)
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Home away from home
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If there was sewage (as in fecal matter) mixed with the water, think twice about trying to save it. Painted cement or similar might be a better option for flooring.
Good luck!
Posted on: 2005/10/13 21:21
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Re: Flooding (help)
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Home away from home
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I knew of a house on 5th St., south side between Erie and Jersey that installed sump pumps up the wazoo, then finished off the basement and filled it with furniture, confident they could win the battle. I walked by a few years later after a big rain and saw them dumping all the furniture, furnishings, and tiles from the floor that had buckled.
I hate to sound pessimistic, but n the end, nature will win.
Posted on: 2005/10/12 18:32
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Healy's Handler gets $76,500 per year
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Home away from home
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Page 4 of the NY Times NJ Section 9.18.2005.
Maria Pignataro, former PR person of Elizabeth Taylor is the spokeswoman of Jerramiah Healy. For $76,500 a year, it is reasonable for us to assume that Ms. Pignataro is being paid to ensure that the Mayor does not embarrass the people of Jersey City. Thanks to Ms. Pignataro, we now have a mayor that is presentable in public, wears a tie that matches his suite, and is reminded to trim his nose hairs. Here is an excerpt: "I treat the mayor like I treated Elizabeth Taylor," Ms Pignataro said. "I'm not sure he realizes it, but I dote on him, always talking to him about his hair and clothes and making sure he's aware of his surroundings." Here is a tip to Mr. Healy. We don't judge you by your physical appearance, or what you say or write to us in your letters, but by your actions. If you continue to pay lip service to supporting the embankment and similar projects, while letting them wither on the vine, you will lose our support.
Posted on: 2005/9/18 15:07
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Re: $2M Brownstone In Paulus Hook?
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Home away from home
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LeeLou, you misunderstood the point that I was making regarding why it is important to consider the rental income that a property could generate.
Here is an excerpt from an article in the Economist that I PM'd your husband. By the way, I read this article AFTER I made the post that you were responding to: "The most compelling evidence that home prices are over-valued in many countries is the diverging relationship between house prices and rents. The ratio of prices to rents is a sort of price/earnings ratio for the housing market. Just as the price of a share should equal the discounted present value of future dividends, so the price of a house should reflect the future benefits of ownership, either as rental income for an investor or the rent saved by an owner-occupier. Calculations by The Economist show that house prices have hit record levels in relation to rents in America, Britain, Australia, New Zealand, France, Spain, the Netherlands, Ireland and Belgium. This suggests that homes are even more over-valued than at previous peaks, from which prices typically fell in real terms. House prices are also at record levels in relation to incomes in these nine countries." Quote:
Posted on: 2005/7/28 18:35
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Re: $2M Brownstone In Paulus Hook?
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Home away from home
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I'd like to add the following disclamer:
IMHO returns are historical and past performance is no guarantee of future results. Read this. Quote:
Posted on: 2005/7/28 17:44
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Re: $2M Brownstone In Paulus Hook?
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Home away from home
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Today from cnn.com:
"The Fed has raised interest rates in nine quarter-percentage point steps since June last year to 3.25 percent and is expected by financial markets to keep going to around 4.0 percent by the end of 2005." If you hold all other variables constant, and increase in interest rate by .75% will decrease the sale price of property in JC and everywhere else where the US$ is the currency of choice. Bye bye cheap credit.
Posted on: 2005/7/20 15:23
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Re: Daniel Wrieden aka 'Queer Eye For The Historic House Guy'
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Home away from home
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Does Dan own property in JC under his own name?
Find out at http://www.cityofjerseycity.com/WebTaxInquiry/AccountSearch.aspx The street address can be entered to look up the owner - individuals, corporation or partnership.
Posted on: 2005/7/20 14:34
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Re: $2M Brownstone In Paulus Hook?
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Home away from home
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Steve, your ?6 factors? would have been handy for tulip merchants to assess the value their product in early 17th century Netherlands. I Substituted ?tulip? for ?property.?
1. Has the tulip previously had numerous FULL PRICE offers 2. The value of tulips in the neighborhood recently sold or for sale 3. The location 4. What a comparable tulips ... would sell for 5. The unique characters of the tulip?. 6. The sophistication of the potential buyer?(many of the traders were intelligent and sophisticated, but still lost their shirts) There are three methods that appraisers use to assess the value of a property: * Cost approach * Comparison Approach * Income Approach (used primarily for commercial properties) Steve? factors cover the first two, but not the third. The comparison approach provides a ?snapshot? of the value. The income approach is useful for assessing the longer term value -- for folks that wish to live in their homes, instead of immediately ?flipping? them. A formula that I learned in business school that demonstrates the income approach is as follows: Monthly rental income * 100= fair market value. For example, a house that could be rented for $2,000 per month has a market value of $200,000. In our current market a condo that could be rented for $2,000 has a selling price of well over $400,000. This is an indication that something is amiss. IMHO, this is NOT a good time to invest in real estate. I could be wrong! Prices could double, even triple, but I don?t think they will. Time will tell. See: Tulipmania Quote:
Posted on: 2005/7/14 1:18
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Re: $2M Brownstone In Paulus Hook?
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Home away from home
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What valuation model are you using? Was Exodus worth $90 because other fools bought it for $90?
See chart A stock is NOT the same as real estate, but they are both subject to cycles and bubble. Quote:
Posted on: 2005/7/13 21:23
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Re: $2M Brownstone In Paulus Hook?
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Home away from home
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Can the 14 foot sub-basement be used as a swimming pool after a heary rain???
Posted on: 2005/7/11 3:23
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Re: Flooding (help)
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Home away from home
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Very informative post! French drains are not suitable for most of downtown. It is something a plumber from the suburbs would recommend.
In the last 10 years, our basement has had serious flooding 3 times or so. When it happens, the drain spouts water like a geiser. A french drain wouldn't be able to keep up. Quote:
Posted on: 2005/7/9 18:12
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Re: Flooding (help)
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Home away from home
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You can lay partial blame on the moon. The worst floods happen during high tides.
bad municipal sewage system+ heavy rain+ high tides=disaster
Posted on: 2005/7/8 19:48
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Re: Flooding (help)
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Home away from home
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If you have the original clay sewer line, those valves can build up enough pressure to destroy the line. To replace the sewer line, the basement has to be excavated, and a trench dug out in the street. This costs $$$, I think 20k or so.
Quote:
Posted on: 2005/7/7 14:28
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