Re: Light at the end of the tunnel?
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NJ already lost $18 billion in projected land value increases. http://www.njfuture.org/2010/07/30/rp ... ome-values-by-18-billion/ It also lost tax revenue from the 6,000 construction jobs http://www.nj.com/news/index.ssf/2010 ... er_tunnel_project_is.html As well as 44,000 permanent jobs. http://www.njtransit.com/tm/tm_servle ... eTo&PRESS_RELEASE_ID=2477 But Christie was penny-wise and pound-foolish (not a fat joke). Quote:
Again, almost nobody in NYC cares. The number of New Yorkers who are impacted by NJTransit is a statistical rounding error.
Posted on: 2015/7/30 18:12
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Re: Is Jersey City Real Estate in a bubble?
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Hey maybe if one of those Hudson tunnels fail, Jersey City real estate will get a boost from people relocating.
Posted on: 2015/7/28 16:30
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Re: Light at the end of the tunnel?
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Do you know how much my average day is impacted by the failings or successes of NJTransit trains in and out of Penn Station? Zero. Literally, no impact.
On the other hand, adding another 27 trains per hour would mean thousands more people commuting to and from Penn Station. Since I regularly ride past Penn Station on the subway and know that large numbers of people connect to and from Penn Station, I can honestly say that the investing in the ARC tunnel would make my average commute much worse as the subways around Penn Station would be crowded with commuters from 27 more trains per hour. In that perspective, Christie did New York a great service by reducing the number of people crowding onto the subways at Penn Station.
Posted on: 2015/7/28 15:40
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Re: Light at the end of the tunnel?
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The ARC tunnels would have been fully owned by NJTransit, not by the MTA. There was no reason for the MTA or another New York agency to spend money for tunnels they would not own and would not use.
If the MTA was going to own a portion of the ARC tunnel, and receive rental payments for their use from NJTransit, than perhaps there might have been a reason for the MTA to participate in sharing those costs -- but only if they were going to earn rental income paid by NJTransit afterward.
Posted on: 2015/7/28 15:26
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Re: Light at the end of the tunnel?
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So why the fuck do you think New York cares about NJTransit?
Posted on: 2015/7/28 15:07
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Re: Light at the end of the tunnel?
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Was New Jersey going to contribute to the tunnel connecting LIRR to Grand Central?
Posted on: 2015/7/28 14:33
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Re: Is Jersey City Real Estate in a bubble?
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Jersey City's real estate is yoked to Manhattan's. Manhattan's is being pulled upward by Brooklyn right now. That the trendy areas of Brooklyn are averaging higher price points than Manhattan should be a pretty good sign that something isn't right in the marketplace. There is definitely a bubble. Whether that is going to burst soon or whether its still continuing to grow is a lot like wondering whether the the Pacific Northwest is going to get wiped out by a massive earthquake tomorrow or in twenty years. Its going to happen, its just a matter of when.
The other question is whether or not its going to burst or whether the decline will be more gradual. Problematically, one of the bigger drivers of prices at this point seems to be the rise of the tech sector in New York. Those companies are paying well, and those tech people are willing to pour a lot of their money into rent. The tech sector is experiencing a great boom, a lot like it did in the late 90s. But then people started launching apps that didn't make business sense, except they called them websites, not apps. Things like pets.com and kozmo.com are pretty similar to new ones like Handy.com, Instacart, Task Rabbit. I suspect very soon the venture capital on some of these projects will dry up, and then pretty quickly the venture capital on all of them will evaporate, much like it did the last two times the tech sector collapsed. That I think will lead to a very fast collapse of real estate. I would bet that we go through two more spring seasons of ground breakings before construction slows, but that as early as fall 2016 we start seeing an increase in available inventory and a decline in purchases. Brooklyn and LIC will probably be hit hardest, Manhattan more gradually, and places like Jersey City and Astoria will see the older properties and less desirable properties grow closer in price to the new properties (in the same way that used car prices rises in down markets because car buyers, looking to save money, shift from buying new to buying used)
Posted on: 2015/7/25 15:30
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Re: New Cafe Ordinance - Call to Action
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The whining complaint about allowing cafe seating is why Jersey City can't have nice things. Perhaps instead of crying about businesses being allowed to create the public spaces everyone wants, you should move to a nice quiet suburban cul-de-sac where there aren't any businesses next door or below you.
Posted on: 2015/7/19 2:28
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Re: JC Bike Share Will Roll Out Citywide
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That's really interesting, but so far Motivate has only failed to deliver on its promised installations in New York City. 35 stations hardly seems like enough even for the downtown, and definitely not enough to cover all six wards.
Posted on: 2015/7/16 18:47
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Re: Greece, Puerto Rico and Democrats
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If you ever lived somewhere with a VAT tax, you would know that its regularly collected and funds services like public healthcare. Not that you probably bothered to read up on what VAT tax is or how it works or why it works before maligning it, but VATs are very difficult to cheat, and when there are tax cheats, its a very small portion of the tax. Because Value Added Tax is added incrementally along the supply chain, no single tax cheat can deprive the state of a large amount of revenue. Also, because each collected tax is very small, the impact of a single tax cheat along the supply chain is very limited and there is much less of a competitive advantage to cheating the system.
Posted on: 2015/7/10 13:52
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Re: Greece, Puerto Rico and Democrats
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Yes, you would have thought that Democrats have learned something, like an unregulated bank industry leads to financial chaos. Something like big banks are not going looking out for the best interests of people. Something like there is a place for government to regulate large corporations that control vast amounts of wealth. Fortunately, there is a candidate running for the Democratic nomination who claims to be interested in limiting the power and size of banks and putting people ahead of corporations. That candidate isn't Hilary Clinton.
Posted on: 2015/7/9 0:59
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Re: New Jersey ranks 49th among US states for its fiscal health
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Buono and Sweeney are not allies. It was a major contributing factor as to why Buono never gained any momentum. Sweeney was however, extremely chummy with the Christie.
Posted on: 2015/7/8 2:49
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Re: What's going there?
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That design was pre-crash from like 2006.
Posted on: 2015/7/7 4:10
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Re: Take a Minute & STOP the NJ BEAR HUNT
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So what you are saying is this is a situation that resolve itself. The more hunters there are, the more hunters will be hunted by the hunters hunting bears.
Posted on: 2015/7/6 23:38
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Re: Take a Minute & STOP the NJ BEAR HUNT
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The problem is people are living in areas where there are bears. There shouldn't be development in the rural areas up north. Its generally bad for the environment to move people out to rural suburbs because it comes with huge transportation costs, reduced forest cover, and of course problems like conflict with bears. Also since urban areas rely on keeping these areas clean because it serves as a source of water for cities, reducing development in the rural part of the state is beneficial to everyone. Rural New Jersey is where there should be limits on development, not the urban center like Jersey City. So if you actually care about bears, stop whining about over development in urban spaces. Without more housing in cities, the only place for people to go is into the rural suburbs which means more conflicts with animals and nature, a greater threat to drinking water for Jersey City, and overall damage to the environment.
Posted on: 2015/7/6 20:40
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Re: Exposed Coal Shoot : Jersey Ave
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Sounds like something that could be fixed by dropping some raw fish into it and waiting a few days.
Posted on: 2015/7/2 4:05
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Re: Developers reveal plans for 35-story tower at Jersey City Pep Boys site
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Except for the part where this happens already on the L train, which has a 3 minute headway between trains and a dead end track at 8th Avenue. In fact they plan to eventually add more trains per hour on the L over time. The problem is that the PATH signal system is being upgraded. Also some of those sharp bends after Christopher might create congestion.
Posted on: 2015/7/1 21:05
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Re: The nightmare that awaits N.J. if a Hudson rail tunnel is forced to close
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So far its only been the conservative media talking about Christie's scandals and his failed leadership and New Jersey's failed economy. Here is what the liberal media is saying: "Bon Jovi and Chris Christie: It's Complicated" http://www.motherjones.com/politics/2015/06/christie-bon-jovi
Posted on: 2015/6/30 20:11
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Re: The nightmare that awaits N.J. if a Hudson rail tunnel is forced to close
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Public employees ARE the middle-class. The problem is not that these people are earning middle-class salaries, the problem is that corporations and the wealthy have shifted the tax burden from them to the middle-class. Instead of paying a fair share of taxes, the wealthy hide their assets, set up trusts, write off expenses as part of doing business, and reduce their effective tax rate through loopholes. Corporations are worse, moving assets overseas often paying nothing at all, or even getting back rebates.
Posted on: 2015/6/30 16:43
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Re: The nightmare that awaits N.J. if a Hudson rail tunnel is forced to close
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Government workers should receive healthcare, pensions, and middle-class wages whether or not they are in a union. Those basics should be the foundation of any relationship between laborer and employer.
Unions in the private sector empower laborers who as individuals lack agency in their ability to bargain for healthcare, pensions and middle-class wages. Employers have power that laborers never will unless they are organized as a union, and employers will use that power to take advantage of their laborers. For public employee unions, even if you assume that the government as a employer will behave like a government and look out for the interests of the people, public unions are still necessary because they protect against patronage. Public employee unions are intended to prevent elected officials from firing everyone when they take office and replace them with patronage jobs.
Posted on: 2015/6/30 16:39
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Re: The nightmare that awaits N.J. if a Hudson rail tunnel is forced to close
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Well now instead the shoulders of the NJ taxpayers will bear a traffic and transportation nightmare instead.
Posted on: 2015/6/29 19:47
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Re: The nightmare that awaits N.J. if a Hudson rail tunnel is forced to close
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Quote:
You just described the ARC tunnel.
Posted on: 2015/6/29 18:50
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Re: Uber & Taxi Industry Clash in France
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Dude, you live in Jersey. You are the fucking B Team.
Posted on: 2015/6/26 18:52
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Re: Uber & Taxi Industry Clash in France
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I always find it humorous when poors foolishly defend the corrupt system of quasi free market capitalism that has kept them poor and will continue to keep them poor while a handful of the richest few suckle wealth from their labor. France has a stronger middle class and a better average standard of living for their people, and that comes at the expense of the wealthiest members of society. Certainly that means the millionaires can buy fewer gold plated iWatches and may have only four or five homes instead of nine or ten, but for the average worker, the quality of life is higher. Damn right unionized workers are going to fight to maintain that standard of living and they have every right to do it. If you fucking twats weren't so busy defending the corporate oligarchs you might take a moment to realize you're fighting over the breadcrumbs they leave behind.
Posted on: 2015/6/26 18:13
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Re: United pulling out of JFK, moving all cross-country flights to Newark
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The two things about the conservative narrative that always amaze me is how utterly stupid and ignorant it is and how adamant conservatives are about it despite overwhelming contradictory evidence.
Posted on: 2015/6/18 1:00
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Re: United pulling out of JFK, moving all cross-country flights to Newark
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Let's not forget hallowed principles of slavery as well as the importance of property rights and penises in determining who gets to participate in democracy.
Posted on: 2015/6/17 18:21
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Re: United pulling out of JFK, moving all cross-country flights to Newark
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I doubt United is expanding their luxury offerings because they intend to lose money. They are not a state subsidized airline. They're making money on it.
Posted on: 2015/6/17 5:21
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Re: United pulling out of JFK, moving all cross-country flights to Newark
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No, that's not what they are doing. What they are doing is building a service to cater to the elite while dragging along steerage class. This change in service is directly related to the growing wealth disparity and shrinking middle class.
Posted on: 2015/6/17 2:34
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Re: the game of escalating variances in The Village
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Finally some architecture that isn't just a concrete and glass box.
Posted on: 2015/6/15 15:08
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