Adonis wrote:
Thank God somebody, anybody, is cutting government spending.

Skeetchard wrote:
Looking for a reasonably priced place to get fruit in bulk. I'm looking for about 40 lbs of bananas and strawberries and 20 lbs of rasberries and blueberries every couple of weeks.

Anybody have any good ideas?

chiefdahill wrote:
Quote:

GetTheFacts wrote:
Well thriftyT you are probably a real estate agent or a real estate broker who has never heard of William B May...
are an assistant of someone like I was, and the information is about 300-400 hours of education in value not another only a 150 from being an agent and 2 years.

Dude, he's not a RE broker. It's called punctuation. He's not the only one that has difficulty reading your posts. So do I. Try using more periods instead of the run on sentences.

GetTheFacts wrote:
It depends on location, technical even though the prices have come down, the amount being paid is across the city only a 2% dropping taking into considerations all area of the city and not the area closest to Manhattan which technical still increasing very slightly, and the stockmarket coming back aleady, so they will never see the drop like they have never seen in over 150 years. The biggest drop is most like Greenville Followed by Jersey City Heights, and that is those properties close enough to Hoboken to be appraised on the Hoboken Values and not the Jersey City ones around them, as after downtown, the next safest area to hold is Journal Square area since it maybe 3 PATH Stops but does least have 1. The farther one is from that train the great it would have been, and without those water taxis, places like Port Liberte would have been include, but it just happens to have that water taxi for the rush hours going directly over to that island. And with that PGA turnament which was schedule even before that golf course was build because they are planned that far in advance should help paint picture of what those home cost. The biggest of that condo complex is townhouses, the the most expensive property every in this city was in that complex by alway double any brownstone in downtown, and only 4 bedrooms too and 3 baths.

So no matter where you live, firgure it out as unlikely 99.999999999999999999999999 percent of the rest of the real estate I have worked as only an assistant to the #1 company of that city who was number 2 in age, and only had 200-250 agents on that island or 1 of the other 4 boroughs as the rest were worth the trouble to them.

And I left it, today or in the last 2 years agents are making shit in either Jersey City or the rest of Hudson County nor in Manhattan whether it is Rentals or sales, and across that river you pay normally almost 2 months rent not 1.

Just a tip.

busker191 wrote:
Has anyone been to the building. Seems sales just opened.

To be clear, I already own in JC. I did visit the Saffron and need to dispute some of your language. First, 2 BRs "starting" at 399k obviously implies that the least desirable, smallest 2BR unit(s) are available for 399k. This does not in anyway imply anything that you are insinuating related to going belly up. I love the drama some of you like to create, it is truly absurd.

GrovePath wrote:

http://www.facebook.com/pages/Jersey- ... /The-Saffron/145517961870

http://www.saffronjc.com/video.html

thriftyT wrote:

As I wrote before, the List Prices are:
~$360K - $415K for 1 BR units and $515K - $590K for the 2BR units.

editorial:
I agree with Tino...more appropriate pricing at the Saffron would be as follows:
1 BRs should all be under 300K. The small 1 BR's aren't even worth 250K, IMO.
The 2 BRs are small. All but four of the 2BRs are under 1050 sq ft. The largest 2 BRs should sell for no more than $450K. The sub-900 sq foot 2 BRs should sell for less than $400K.

One of the reasons I'm not more generous in pricing these is the mystery 5 yr tax abatement. The taxes are going to balloon after 5 yrs like an ARM. Except that no one can even give a straight answer about what the payments will be after the reset. I thought ARMs were bad, but these NYC-area tax abatements on new constructions are at best a damper on long-term values on residences and at worst are simply another bubble waiting to burst.

moxiebaby wrote:
Hello,
We're considering a condo that has a current tax abatement. How can we predict what the real tax rate will be once the abatement has run out? ...
.

margel wrote:

...As for interest rates, they generally track with the health of the overall economy. When rates are higher, incomes and unemployment will also be better, and more people will have more money to put into homebuying. That's how it's supposed to work, at least...

Scottacus wrote:

The 100k down payment is a leveraged equity investment -- basically the same as buying stocks on margin - and will appreciate or depreciate at a multiple of whatever the rate of appreciation of the home is.

Roughly speaking, if you put down 100K on a 400K home that appreciates at 3% per year, your 100K will appreciate at 12% per year. Conversely, if your home loses value you will lose 4x the amount too. Just like any leveraged investment.

Over time you are deleveraging as you build up equity, which reduces the multiplier effect (up or down). So there is actually a very important time component to how you think about your down payment as an investment.

Again, there are many factors to consider but your down payment isn't dead money -- you just need to think about how you would otherwise invest it and compare possible returns...

longtimeJC wrote:
... What happens when interest rates start going up?

FletchFletcher wrote:
Thrifty, if you think pre-construction auction prices are the same thing as market prices, you really need to get your head examined!!!

Auctions are nothing but bottom feeders. Expect the market for Saffron to be 10% to 20% higher than the pre construction offering.

FletchFletcher wrote:

The building looks great, the finishes are nicer than Dixon Mills and Crescent Court and anyone who thinks 475K is a lot for a two bedroom in Downtown JC should not be on a message board talking about real estate!

thriftyT wrote:
[quote]

It is a fact that there are multiple 2 br listings within a two block radius of the Saffron selling for less than $400K and the list prices for the 2 BR's are just simply too high. $590K will easily get you a 2 BR with a Manhattan view in downtown JC.

editorial:
I agree with Tino...more appropriate pricing at the Saffron would be as follows:
1 BRs should all be under 300K. The small 1 BR's aren't even worth 250K, IMO.
The 2 BRs are small. All but four of the 2BRs are under 1050 sq ft. The largest 2 BRs should sell for no more than $450K. The sub-900 sq foot 2 BRs should sell for less than $400K.

jcboyz wrote:
The building is in a great location! Its a couple blocks from the Grove St Path and Newark Ave is becoming the new hot spot. That easy to determine since there are new buildings and reastaurants opening monthly as well as the new lighting and trees!

Crystal Point is way more expensive. One bedrooms starting where Saffron's two bedrooms start at! That post had to be from a C Point sales person.

I think this building is a home run! Especially for the one bedrooms starting under 300K.

Tino wrote:
I went to the open house too and aside from being brand new and in a good (not excellent) location, I was very disappointed. They cut a lot of corners (one drawer in the kitche, no storage at all in the bathroom) and the entire back-side of the Maxwell faces a creepy alley while the other side has the bank one side staring you in the face. For Crystal Point prices, I expected a lot better.

Xerxes wrote:
thrifty,

Thanks for the info.

Did you measure off that square footage: 560-750 for a 1 bedroom or is that "landlordese" square footage. Do you think the estimates are accurate for, as the Floridians call it "square footage under air," aka a place you could wwalk into or put a box in?

Could you make a guesstimate of what the taxes will rise to after the 5 year abatement period?