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Re: So much for all of you folks who predicted a JC/NYC RE Crash
#61
Home away from home
Home away from home


The irony is that if the current administration's policies cause higher rates then any long term fixed interest debt owed will do well. If one could get a good deal on real estate somewhere unlikely to go much further down (I suspect not JC or NYC) at 6% and rates go to 8%+ one would be sitting pretty.

Then again, it's a lot easier to buy TIPS or great companies at cheap prices without taking on any debt risk...

Posted on: 2009/6/1 0:20
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Re: MOTORCYCLE RIDER
#62
Home away from home
Home away from home


If your reread my post you will notice that I did not assume he has a new Harley. That your husband has had Harleys for over 20 years does not mean that he is not misinformed. Revving a dry engine with cold oil is not a good idea. It's better to start it and gently ride off so that the oil pressure makes the oil circulate in the engine while it warms up. Revving a loud bike is just annoying and will bring hate on all of us.

Quote:

LynnePatrice wrote:
Jeebus:


Why do you assume he has a new Harley? He doesn't, it's an older vintage bike. I can assure you my husband knows how to operate his bike. He's had Harley's for over 20 years.

And honestly, to all those who think bikers rev the engine so everyone will look at them and think they are cool or have big penises. Are you serious? Comeon.

Posted on: 2009/5/31 23:50
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Re: Bergen Lafayette: Cops charge biker had a machine gun
#63
Home away from home
Home away from home


Bicyclist, not "biker". A Tec-9 in one's pants while riding a bicycle must be pretty uncomfortable. The Tec-9 isn't a "machine gun" but perhaps the one he was carrying was converted to full auto.

I guess "biker with machine gun" gets a lot more attention than "bicyclist with crappy handgun".

Quote:

GrovePath wrote:
Cops charge biker had a machine gun

Tuesday, May 26, 2009
By KEN THORBOURNE
JOURNAL STAFF WRITER

As three men on bikes rode past two plainclothes Jersey City cops heading west on Wegman Parkway at about 5 p.m. Saturday, the cops noticed something strange sticking out above one of the rider's pants legs, according to reports: the butt of a gun.

The cops, members of the department's Violent Crime Unit, yelled, "Police," and told the riders to stop, but the bikers pedaled north on Martin Luther King Drive to Bidwell Avenue, reports said.

The cops gave chase in their unmarked car, reports said.

The three bikers split up, so the cops stuck with the rider they suspected of carrying the weapon, who was later identified as 19-year-old Anthony Washington of Ocean Avenue, reports said.

At Bidwell and Martin Luther King Drive they saw Washington pull a Tec-9mm machine gun from his waist and toss it on the ground, reports said.

Washington also dropped his bike and ran, but backup cops caught up to him and arrested him on the porch of a Wegman Parkway building, reports said.

Found on the ground where Washington left it, the machine gun was loaded with nine hollow point bullets, reports said.

Washington was charged with, among other things, possession of a weapon for unlawful purposes, prohibited weapons and devices (the so-called Dum-Dum bullets) and resisting arrest, reports said.

Posted on: 2009/5/27 3:09
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Re: MOTORCYCLE RIDER
#64
Home away from home
Home away from home


That's odd - if it's tuned correctly you should be able to gently ride off with the choke on and flip if off in a couple blocks after it starts to warm up. This is actually better for the bike than letting it sit at idle with low oil pressure and cold oil. If it has fuel injection (newer Harleys all do), you shouldn't even have to fiddle with the choke if it's set up right.

As a rider, people going around with loud open pipes pisses me off. A number of states are considering legislation that would require stock or government approved exhausts on all street motorcycles. This would be a very bad solution (e.g. what to do if you have a classic and need a reproduction exhaust) but when you have 1) douchebags bringing down hate on us all and 2) law enforcement not enforcing the noise laws; that's the kind of thing we can look forward to.

Quote:

LynnePatrice wrote:
I totally get this. My husband and our neighbor both ride harleys. When they get ready to go they start the bike up and let it run for maybe 2 minutes. They have to. But they aren't especially loud, just regular for Harley's. They try to be considerate and not rev the motor and since we're not into really late night stuff, generally we aren't ever home later than 11 (I know, pathetic) and we usually only take the bike out maybe 1 day on the weekend.

We have another neighbor who also rides and he leaves his bike running for 10-15 minutes every time he starts his up. He is around the corner from us and the pictures on our walls shake the whole time it's running.

It's just like everything else in life. There are those who are considerate and those who aren't.

Posted on: 2009/5/13 1:23
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Re: Giant Pit Across from 149 Essex (Fulton's Landing) - Who's Responsible?
#65
Home away from home
Home away from home


A hole in the ground is better than a project. If they just dump enough bleach into the hole to stop it from breeding mosquitoes then all is good.

Quote:

ianmac47 wrote:
The site is the former Bel Fuse Company, and is to become a low rise housing project called The Belfuse. The project initially broke ground in January of 2007 at which point the site needed soil remediation. Towards the end of 2008 the remediation process concluded. I believe about 50 units are planned.

Posted on: 2009/5/9 1:01
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Re: Low flying Jet spotted over Jersey City confirmed as Air Force One
#66
Home away from home
Home away from home


I think what brian_em expressed in the first paragraph is at the root of many conspiracy theories - the belief that government couldn't possibly be this stupid/incompetent. Still, that many people were told of the stunt beforehand makes stupidity the parsimonious explanation.

I find it strange that conspiracy believers, who generally posture as anti-government, display such a faith in the competence of government. A good example is the Truthers who think the Bush administration did the 9/11 attacks and managed to keep a conspiracy that would have involved dozens, if not hundreds, of people secret. They couldn't even bail out a major city after a flood but they could do this dastardly act without anyone ratting them out?

I agree that anyone who justifies the "Scare Force One" incident has allowed Obama fandom to blind them. It also pisses me off that the cost of this stunt was probably close to $1M.

Quote:

brian_em wrote:
First off, it's Kool-aid.

I don't believe the photo shoot business not b/c of politics. I just can't believe anyone could be that insensitive and incompetent to arrange a stunt like that. It's beyond retarded.

And if you think it's OK for our government to fly a fake AF1 around NYC, diving near buildings for NO REAL reason, then you have your head so far up Obamas A$$ that you can't breathe fresh air anymore.

Posted on: 2009/4/29 1:35
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Re: Low flying Jet spotted over Jersey City confirmed as Air Force One
#67
Home away from home
Home away from home


So all we will get after this is a lame apology. At the least the person who told the local officials to not pass on the information about this ridiculous stunt should be fired. If a private company had done the same thing they would be prosecuted under the NJ "terrorist threat" law. Yet people accept things from people in the government (with nothing except someone claiming to accept "full responsibility"; but, as always, paying no price for what they did) that would result in criminal prosecution if the very same thing had been done by non-government people. Sad.

Posted on: 2009/4/28 3:10
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Re: New Jersey Firearms Academy in Jersey City: "We're seeing a large upswing in attendance..."
#68
Home away from home
Home away from home


Barack Obama and Nancy Pelosi - best guns and ammo sales force ever!

I guess it's better to pay up now, as millions have decided; but better yet one might have seen it coming and been prepared.

Posted on: 2009/4/27 4:06
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Re: School Board Results in: Voters boot veterans off ed boards
#69
Home away from home
Home away from home


So, <3,000 people are going to decide whether $93M is being well spent in a city of 250,000. That is just sad. I wonder why the school board election is not held during a normal election day in November when more people would be voting. Quote:
super_furry wrote: [snip] However, only 2,738 votes have been cast on the tax levy question at this point. Check back for an update in the morning. http://www.jerseycityindependent.com/ ... in-school-board-election/

Posted on: 2009/4/23 1:26
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Re: 2009 Jersey City School Board Elections- who to vote for?
#70
Home away from home
Home away from home


That's enough reason for me to not vote for them. Of course members of the teachers' union will turn out in this low turnout election and vote themselves money.

FWIW, I will never vote for a school budget until parents at least have a choice of public schools or vouchers redeemable at a private school of their choice.

Quote:

ogden1 wrote:
The JCEA supports Connors, Sebron and DeRosa.
Good enough for me.

Posted on: 2009/4/22 3:31
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Re: 2009 Jersey City School Board Elections- who to vote for?
#71
Home away from home
Home away from home


Thank you for posting this - I was looking for info on the school board election. I am impressed by how two of the three candidates mentioned have a quantitative background and the other has a business background. That's the kind of knowledge that our school system needs to inculcate in children.

That said, I will vote no on the budget because I can't believe that enough effort has been put into wringing waste out of the $93M budget. I guess I will have to get back by 9 to vote...

Quote:

BrightMoment wrote:
I just received this email below:

From:Moshe Rozenblit and Team [moshe_rozenblit@yahoo.com]

Tomorrow is a big day for the future of Jersey City. We have been campaigning hard and tomorrow is election day.

The key to improving our schools is integrating new ideas that have proven to work in other urban settings. Our team's goal is to aggressively incorporate these ideas into our schools. Tomorrow, please consider voting for the team of Tom Wilen, Moshe Rozenblit and Eric Goldsmith.

Tom Wilen (A1) is the former CEO of several companies with thousands of employees, and has successfully turned around billion dollars enterprises.

Moshe Rozenblit (A8) has a PhD in Physics and extensive experience in teaching, as well as research and engineering.

Eric Goldsmith (A10) is a financial planner and former high school mathematics teacher.

Running under the banner Jersey City Excellence in Education Now! (www.jceen.org) We are the only candidates who have presented a detailed strategy for lifting standardized test scores from the current bottom 20% of the state to the top 20%. Our strategy is based on steps taken by cities with similar demographics who have achieved remarkable progress: NYC, Washington DC, Chicago and Denver. It includes:

- Revamping the management of JC school district.

- Promoting new quality charter schools, magnet schools and small schools, to the extent desired by parents.

- Empowering parents, teachers and principals.

- Rewarding teachers and principal for outstanding performance.

- Institute transparency and accountability throughout.

- Implement the strictest financial controls.

The outcome of the BOE elections is critical to our city. Quality schools would burnish the image of Jersey City, lift the moral of dedicated teachers, increase real estate value, and above all: provide tens of thousands of children with the quality education every child deserves.

Tomorrow, 4/21/09, please vote for

A1 Tom Wilen
A8 Moshe Rozenblit
A10 Eric Goldmith

Polls are open from 2:00 PM to 9:00 PM


This message was sent by: Fulop for Jersey City, Ward "E", Jersey City, NJ 07302

Posted on: 2009/4/21 1:26
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Re: Is the rental market downtown crazy slow?
#72
Home away from home
Home away from home


That's a good one.

Quote:

Xerxes wrote:
Ogden Avenue is generally nicer than most places in Paulus Hook. [snip]

Posted on: 2009/3/27 2:20
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Re: did you guys do your taxes yet?
#73
Home away from home
Home away from home


I've used both Turbo Tax and HR Block's Tax Cut. I found Turbo Tax more user friendly. I've seen accountants make mistakes that neither package would have - unless one has very complicated issues I think a software package used by millions is the way to go.

I'm pretty sure that there are only 45 state return packages because some of the states don't have an income tax. Hard to believe but true.

Quote:

brewster wrote:
Quote:

pakz wrote:
question, if i work in NY and live in NJ. I would file in both states correct? what happens to my wife's W2 since we are filling Married filling jointly but she works only in NJ. would i add her W2 to mine when I file at NY (since we are filling Married Filling Jointly?)


We're in the same position. In the turbotax interview you specify where the income was from, it does the rest. Accountants use essentially the same software.

I will say the only time TT gets confusing is the state returns, I guess they don't get the same attention since there's 45 of them. Why only 45 is a good question.

Posted on: 2009/3/22 1:42
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Re: Is the rental market downtown crazy slow?
#74
Home away from home
Home away from home


I think that a small apartment with no washer/dryer in Paulus Hook at about $1.3K is reasonable. In this environment, getting a good renter in immediately beats holding out hope for a slightly higher rent. For instance, the opportunity cost of carrying an empty apartment for a month means needing a rent of $1.4K. Waiting it out for two months would require a rent of $1.5K, which seems a bit risky.

Quote:

wibbit wrote:
Quote:

phDog wrote:
we have never had a problem getting our places rented in paulus hook. last night we found a tenant for a top floor, 600sf apt with a tiny bedroom and no W/D or dishwasher for 1250.


that's because your rent is below market. 1250 for a 600sqf 1br in paulus hook is extremely cheap.

You know the rental market is hurting when the high and mighty lefrak newport rentals are actively spamming the craigslist to peddle their fake luxury rentals.

Posted on: 2009/3/15 5:45
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Re: Top 10 Beer lists: In anticipation of Zeppelin Hall (beer garden)
#75
Home away from home
Home away from home


Give Smuttynose IPA a try - it's my favorite IPA (for where to find it in NYC: http://www.beermenus.com/beers/smuttynose-ipa). One nice thing about IPAs is that they taste almost as good from a bottle as on tap, which makes sense given that the high hops content was a preservative for the long voyage to India. For my list I was thinking that everything would be on tap and fresh at a beer garden. I find darker beers, especially stouts, much better on tap (or fresh homebrew).

There are lots of interesting lists here and of course everyone has their own preference for types of beer. For example, I don't like wheat beers (and regard the flavored ones as an abomination) but my girlfriend likes them so finding new ones is interesting.

Quote:

tommyc_37 wrote:
Beer Snob here....specifically, I'm a fan of IPA's. Here's my list of some of my faves:

- Brooklyn Pennant Ale
- Brooklyn IPA
- Brooklyn Pilsner
- Harpoon IPA
- Troegs Hopback Amber Ale (you need to try this one)
- Sierra Nevada Ale
- Sierra Nevada Summerfest
- Brooklyn Summer Ale
- BluePoint Hoptical Illusion
- BluePoint Toasted Lager
- River Horse (out of Lambertsville, NJ)
- Most Sam Adams beers are acceptable...but that's usually as mainstream as I'll go :)

Posted on: 2009/2/25 4:30
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Re: Top 10 Beer lists: In anticipation of Zeppelin Hall (beer garden)
#76
Home away from home
Home away from home


Where will be this Zepplin Hall of which you speak?

My list:
1) Caledonian 80/- aka 80 Shillings: fond memories of Scotland and the lack of availability in the U.S. probably contribute to my rating. http://www.caledonian-brewery.co.uk/80_home.html
2) Murphy Stout: A simply wonderful beverage that needs more availability here. http://www.murphys.com/index.php
3) Ommegang Abbey Ale: The one beer to have when you\'re only having one. Also, it's brewed in nearby upstate NY.
4) Jeebus homebrew: Something like an 2/3 amber ale mixed with 1/3 stout. Unavailable these days but I'm inspired now.
5) Smuttynose IPA: If I hadn't lost my love of IPAs this would be #1. Brewed in the Free State.
6-7) Whatever is new.
8) Sierra Nevada IPA: available many places and good if you like hops.
9) Brooklyn Lager: available many places in NYC on tap and good if you want to drink a lot or like lager.
10) Bud et al.: nothing like a nice watery beer after a workout.

Yummm, beer....

Posted on: 2009/2/24 4:44
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Re: NYTimes: New Jersey Takes Another Run at a Major New York Employer with 1,600 employees
#77
Home away from home
Home away from home


Why shouldn't NJ do their best to compete with NYC? Mayor Bloomberg has been bitching about this too. The problem for both is that the real competition is coming from other states with fewer "essential services" and lower taxes that nonetheless offer a similar talent pool at lower cost.

A further problem is that both NYC and NJ are attempting to incent big companies to stay/move without addressing their structural spending/taxation problems. The high cost of doing business here is driven by taxes and trying to avoid addressing this by bribing large companies only makes smaller businesses pay more. To the extent that they can, they will leave.

Posted on: 2009/2/23 5:09
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Re: Bad Meats at A&P?
#78
Home away from home
Home away from home


I love the prices for meat at the A&P yet have noticed that they are sometimes close to their expiration dates. I assume that the reason, for example, that chicken breasts can be had for $1.99 or less is that they have to sell them immediately. The mandated sell date isn't the same as the date that the food is spoiled or even lower quality (see below). I'm happy to pick up a week's worth of meat at a discount and cook/freeze it with no concerns about my health. I really like the A&P and how other groceries are often on sale compared to other JC markets.

http://cals.arizona.edu/pubs/health/az1068.html

Posted on: 2009/2/20 3:32
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Re: Pedestrians beware....Renegade City Buses
#79
Home away from home
Home away from home


Thanks for the good advice and if enough of us do this maybe it will make a difference. I have frequently had the same experience that others have had with a bus running the light at Marin and Montgomery. Sometimes it looks like the bus is cornering so hard that it might flip and it can't be fun to be on the bus either.

Quote:

jennymayla wrote:
I am now a fan of responding to the "How's My Driving?" sign on the back of most buses and various commercial trucks and vehicles. I call the number, I give them the bus ID, and then log my complaint. This simple act somehow makes me feel better. I also fear it will one day get me killed, like the driver is gonna come find me, but it's a chance I take.

My life has come to this.

Posted on: 2009/2/19 4:51
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Re: Powerhouse Arts District: artists win affordable units case - each valued at more than $400,000
#80
Home away from home
Home away from home


I agree (although artistic value is closely tied to monetary value in the long term) and by no means by "best" did I mean flawless. People will freely make all kinds of bad decisions and overpay or even pay for things that are self-destructive. Regardless, individuals making free choices is both more fair and more likely to lead to happiness (partly because we would only have to live with our own choices) than having the government dictate what is of "value". In the aggregate, everyone making free choices also leads to better (or at least more agreeable) choices than a few in the government making choices for everyone.

The artist subsidy is a striking example of a connected group using government power to extract money from the general population based on privileging their chosen occupation.

In terms of Hedge funds - about 50% are going out of business and those who lost money are wealthy. It seems that the market is actively adjusting the value of hedge fund employees now that they are losing money.

Quote:

Frank_M wrote:
Quote:

Jeebus wrote:
[snip]I submit that the best measure of the worth of what someone produces is what someone else is willing to freely pay for it. That this is a concept alien to those who work in government is not a surprise.


True, but that's only as an indicator of monetary value alone. Clearly, one's income is not proportional to their overall worth to society. "Value," is a much broader term that appeals to both rational and irrational interests. I don't necessarily agree with the city's plan to offer reduced-price housing to qualifying artists, but that was the deal.

Hedge fund managers earn more than garbage collectors, but it can be argued that the services of the latter are priceless while the other, uh....

Posted on: 2009/2/18 4:30
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Re: Powerhouse Arts District: artists win affordable units case - each valued at more than $400,000
#81
Home away from home
Home away from home


This was why I mockingly claimed to be "an artist in PowerPoint" (but why not and according to who?).

My larger point was the absurdity of the government privileging one occupation above others supposedly based on their contribution to society but actually based on them having the political influence to make it happen. I submit that the best measure of the worth of what someone produces is what someone else is willing to freely pay for it. That this is a concept alien to those who work in government is not a surprise.

Quote:

jennymayla wrote:
Who determines what art is? And the value of it?

Do we support an artist who creates beautiful fine arts work but is far too niche or random to ever be able to support himself doing so OR do we give a leg up to a innovative graphic designer who might actually be able to make a decent living?

If I make beautiful jewelry out of beads, am I any more or less an artist than a industrial designer who is creating a new coffee maker? What if the world really needs more coffee makers than pretty jewelry?

WHO DECIDES?

I also get a chuckle out of the local government having any kind of saying on what makes art art. Barf.

Posted on: 2009/2/13 3:09
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Re: Zillow.com finds New York area homes lost $130B in value from 2007 to 2008 - is now the time to buy?
#82
Home away from home
Home away from home


Yes, and the NAR "economist" predictions are just funny. But I strongly suspect there is a disconnect between what they say and what they do. Given that Realtors are paid on commission, a percentage of a smaller price and a quick sale beats nothing from a higher price and they don't adopt the same strategy when selling their own property: http://pricetheory.uchicago.edu/levit ... rs/LevittSyverson2004.pdf

Similarly, getting a landlord to pay 1 month's rent as commission for a rental beats 18 months from a potential tenant (which used to happen in NYC) and both beat the landlord going to CraigsList or the local paper and them getting nothing.

Quote:

Xerxes wrote:
[snip]

Interesting article on falling Rents in the Times Real Estate section Sunday:

http://www.nytimes.com/2009/02/01/rea ... 01cov.html?ref=realestate

We must always remember the overarching imperative: Real Estate people make more when prices are high...thus they will ALWAYS overstate value, whether consciously or unconsciously. A "rising" market is probably not rising as much as the cheerleaders say, and a falling market is proably falling faster.

Posted on: 2009/2/11 4:15
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Re: Powerhouse Arts District: artists win affordable units case - each valued at more than $400,000
#83
Home away from home
Home away from home


I'm an artist in PowerPoint - do I qualify? Also, as a management consultant I am quite the actor at times. I CAN HAZ SUBSIDIZED CONDO?

Seriously, the logic of privileging artists, most of whom at some point made the choice to be voluntarily poor (do trustifarian artists qualify?), is a bit hard to understand. I think a lot of other folks such as car service drivers, cops, small business people, etc. contribute more to everyday quality of life than artists so it just comes down to artists successfully working the political system to their own benefit.

Posted on: 2009/2/11 3:20
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Re: NYTimes predicts Top Bank Executives soon to be crowding PATH train every morning at Journal Square
#84
Home away from home
Home away from home


I suppose that by now many have figured out how to navigate to the NYTimes SundayStyles section but when reading it on paper I found it breathtaking. On top of the flap is "You Try to Live On 500K In This Town" and below it is "When Nest Eggs Crack". I know it's bad when even the style section is so focused on detailing the expenses of those who can't live on $500K. It betrays their intended audience, formerly only suggested by full page watch ads (which don't seem to be so evident these days).

The sense of entitlement from the NY Times and/or their intended audience is amazing.

Posted on: 2009/2/9 3:24
 Top 


Re: Property tax bills not as bad as you think
#85
Home away from home
Home away from home


This is the reason that knowledgeable people in states with no income or sales taxes fight so hard against such taxes when politicians claim they will lower their property taxes by raising other taxes (e.g. NH successfully, CT unsuccessfully). Lowering taxes in general by imposing new ones has not worked. Once a new revenue stream exists for the government they push to incrementally increase it - for example the Federal Income Tax was originally intended to only apply to the "rich". I think we all know how that has worked out.

NNJR: Individual decisions ultimately have a huge impact. The high tax states have been losing people for years and once the talent base shifts (e.g. manufacturing from the rust belt to the South) it becomes irreversible. Productive people and businesses voting with their feet have a huge impact.

Quote:

NNJR wrote:

Once you add a tax, it will never go away.

I know I\'m only one person and threats are meaningless, however if JC adds a income tax I am out of here. JC will not see 1c of my income.

Posted on: 2009/2/6 2:12
 Top 


Re: Zillow.com finds New York area homes lost $130B in value from 2007 to 2008 - is now the time to buy?
#86
Home away from home
Home away from home


How many renters can imagine their landlord selling for 10x their rent? Unless I am mistaken that's what knowledgeable value oriented landlords are looking for.

Anywho, the cost of renting is far below the cost of owning and has been for many years. Perhaps the "bitter renter" epitaph will soon be replaced by "regretful owner". Even the NY Times foretold this:

http://www.nytimes.com/2005/09/25/rea ... 1&scp=1&sq=renting&st=cse

One might think that as house prices declined, rentals might increase, in the normal course of markets equilibrating (and mean reverting) but these are not normal times. Rents are going down too:

http://www.nytimes.com/2009/02/01/rea ... l?scp=1&sq=renting&st=cse

Quote:

brewster wrote:
Quote:

NewHeights wrote:

brewster when you say 10 x rent can you give me an example?

IE 6 family for $600,000 brings in 60k per yr. is that what you mean? also dont you you go by cap rates?

Thanks


Yes that\'s what I mean. It\'s not the perfect metric by any means, but just like an equity P/E, it gives you a quick rough value score. Cap rate would be the next calculation, but you need more info than price and rents, and half of what you get from the seller is BS anyway. (have you ever found the common utilities disclosure in the mls to be accurate?)

I usually figure about $12k yearly in tax and expenses for a 3 or 4 family with individual heat in a quick cap rate calc. So if you\'re shopping that market and your finance costs are similar, simple P/E is a quick, easy way to compare similar properties. or tell if you even want to see it.

Down the street an 8 family was asking $849k with a $36k rent roll, that\'s over 24x. I don\'t need to calc a cap rate to know its not doable as a rental.

Posted on: 2009/2/4 3:30
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Re: Downtown: One dead in shooting on Coles Street in Jersey City this morning
#87
Home away from home
Home away from home


As you pointed out, NJ makes using a firearm to defend oneself nearly impossible. That contributes to the problem given that criminals know their potential victims are likely to be unarmed. Yet the irrational among us assume that more gun prohibition laws will magically stop the criminals that are already armed from taking advantage of the law abiding citizens (and that further disarming the law abiding will help).

Quote:

xplanted wrote:
If less guns were the answer, wouldn't Chicago, L.A. and Washington DC be the safest areas to live while the entire south would be a bloodbath?

Seriously, obtaining a firearm in NJ is near impossible, I suggest for the entertainment that someone who thinks firearms (or even knife laws in this state) are too lax go apply for a permit to keep one in his or her home. After calls to your boss, neighbors, and family you might change your mind. The process takes roughly 5 months, and despite the heavy vetting, one is still not allowed to carry it.

The police, according to every court to address the question, have no duty to protect the individual, and as a free society the duty to protect yourself falls to you.

Be that as it may, keeping firearms out of the hands of criminals should be sought after; unfortunately, NJ has done everything it can with little effect.

The serious issue is broken families and a warped reality that accompanies growing up in a violent neighborhood. Ask a teacher in the inner-cities how parents react to fights at school; often they just tell their kid not to fight at school. It's sad, and with the economy, it's not getting better.

Posted on: 2009/1/30 3:26
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Re: Downtown: One dead in shooting on Coles Street in Jersey City this morning
#88
Home away from home
Home away from home


I feel so sad for the victim of this crime and his family, especially since according to all accounts he was a good guy.

I don't share the view of many that the lack of police presence (or whoever is in political office) can be blamed for what happened. The police can't be everywhere and the thug wouldn't have struck until they were away. What I do find horrible from our politicians is how, despite the abject failure of very strict gun laws stopping crimes like this, they do not allow law abiding citizens their right to effective self defense. Even the possibility of the store owner being armed might have prevented this tragedy. At the risk of sounding churlish, this would also cost nothing.

Posted on: 2009/1/28 5:33
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Re: A Case Study in What\'s wrong with JC Real Estate:
#89
Home away from home
Home away from home


This is an extremely astute analysis. It amazes me how long it takes the residential real estate market to adjust compared to, for instance, the stock market. The current recession is driven by a financial crisis, which will impact the NYC metro more than the rest of the country. The all-in cost of renting is still much cheaper than owning (even with the government subsidy of ownership) so it's hard to see a rise in residential real estate any time soon, especially with the current uncertain job environment.

Most in financial services are in survival mode and not likely to be buying any time soon and of course this will impact their "pilot fishes" like waiters in expensive restaurants, artists, interior designers, etc. The new thing about this recession is that few have to stay in the NYC metro area to do their work. With the prospect of higher taxes and no job; they have every incentive to make money elsewhere and/or start up on their own.

Quote:

ianmac47 wrote:
I think 1 and 2 bedroom units are going to be the hardest hit in rental price. Professional couples will probably downsize into something smaller, either going from a 1 bed to a studio or from a 2 bed to a 1 bed, to save money. At the same time I suspect a lot of renters with decreased incomes will give up living alone and take on roommates; units with 3 or more bedrooms will offer the most savings, splitting rent and utilities between 3 or more people being the cheapest option. (also, as an aside, if you are paying $1,800 for a 1 bedroom downtown brownstone you are over paying).

But overall the real estate in New York, the five boroughs and Hudson County is going to quickly fall as we head towards summer for a number of reasons.

Too much of the local economy is tied to the financial services industry, and this is a large sector of high paid employees. Its like an assembly line but with six figure salaries. These are the people buying $1,000 square foot condos. But inextricably linked the financial services are all the legal services, again with armies of employees earning $150k+. M&A is down, real estate transactions are down, asset management, finance, structured finance-- all these areas are collapsing, and as result many of the legal powerhouses are reducing bonuses and laying off lawyers. There is a reason so many law firms are in New York-- their clients are the financial firms that have been collapsing over the last year. The only area with positive growth is bankruptcy law, an area that is concentrated in Delaware, not Manhattan.

So basically thousands of high paid workers in New York are facing layoffs, real wage reductions, and job insecurity. These are the sort of people who wouldn\'t think twice about signing a lease for $3 or $4 or $5,000 a month. Those days are over. They may not be moving home to Mommy\'s house, but they are probably reconsidering how much they are willing to pay for a lease.

Add to that all the other luxury services that tier of wage earner was contributing and there is a serious problem. Fewer people are going to go out and have a meal at $100 a plate, especially if the company isn\'t picking up the tab (to say nothing of the liquor tab which could double or triple a restaurant bill). So there goes the restaurant industry. And there is the art industry and luxury retail industry-- they are all coming apart.

Another major blow to real estate is going to come in June when the new college graduates are unable to find jobs and move back home rather than to the big city. This is probably going to effect the low end of the rental business most, especially in developing neighborhoods like Harlem, Hell\'s Kitchen, Jersey City, Williamsburg, Carrol Gardens, south Slope, ect.ect. Middle aged parents facing their own job insecurities are going to less willing to help fund junior\'s apartment lease while he/she looks for a job, and as increasing numbers of employers implement hiring freezes, its going to be harder for entry level college graduates.

Posted on: 2009/1/27 5:00
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Re: Schundler drops mayoral bid
#90
Home away from home
Home away from home


I called _your_ claim that all libertarians "talk the talk, but don't walk the walk" a broad and unsubstantiated claim. You pointed to the website in your sig (which apparently isn't even yours) as substantiation of this claim but it has nothing backing this up. E.g. "libertarian" appears nowhere in a search of the web site.

Your refusal to address a claim that you made and attempts to disparage my reading skills and lack of obsession with Schundler and his critics is silly and sad.

Quote:

BrightMoment wrote:
Quote:

Jeebus wrote:
I took a look at your site and don\'t see how it explains how I (much less all libertarians) \"talk the talk, but don\'t walk the walk\". It\'s such a broad and unsubstantiated claim that it amounts to mere name-calling.

Not my site, \"Jeebus\", but if you were around during Schundler\'s time you already know it\'s the site of Mia Scanga, who together with Yvonne Balcer are two of the most notable involved citizens of JC for quite a long time. Yvonne does the \"Talking Politics\" TV site interviewing politicians, activists, etc.

You call Mia\'s site a \"broad and unsubstaniated claim\". You obviously don\'t know how to read news articles that are \"links\" (each of the blue lines are links with a mouse rollover and since the links are now dead you have to search each archive of the specific media) or the Arthur Anderson Audit and the past financial analysis of our tax situation here in JC. I\'m not going to do your homework for you, but here\'s just one example of the numerous media cited (Star Ledger, Jersey Journal for two):


Quote:
Check out the ARTHUR ANDERSEN SPECIAL AUDIT REPORT required by the State in order for Jersey City to qualify for last year\'s additional $16 Million Distressed Cities Monies. In typical Schundler fashion, all of the City\'s problems are a result of the lack of adequate state funding not the fact that the more $$$$ you give Schundler the more he mismanages. The audit results confirm what I and other activists having been saying for years.Schundler is an INCOMPETENT ADMINISTRATOR WITH NO REAL VISION NOR LONG TERM PLANNING FOR THE CITY.....

\"Jersey City\'s government suffers from a lack of planning, is awarding overly generous tax breaks to commercial developers, and is at risk of losing millions of dollars in federal funding because of poor management, according to a preliminary report drafted by an independent consulting firm.\" Star Ledger, Report faults Jersey City management , 4/23/01.....


I guess if I spent the time that you have to devote a site opposed to a specific politician and they bowed out of politics I would be happy to move on rather than continue obsessing about them.

Nothing on Mia\'s site was done by me! Are you unable to read?? I posted her site in my sig as most of the newbies (probably including you no doubt)know nothing about Schundler other than statements by those who supported him, primarily his minions, church members of Grace Church where he sits on the Board, and others who benefitted from his being in office like developers. I felt it my civic duty to inform them, thus my sig.

If you had bothered to read my prior post here you would have seen it said: Quote:
Brightmoment wrote:
I\'ve answered that question (\"why I dislike Schundler\") ad nauseum on this site and the reasons are stated on Mia Scanga\'s excellent web site covering Schundler\'s past Mayoralty: (Home pg of my sig below!)


I hardly agree with all of Schundler\'s positions but his giving back donors\' money speaks very well of him, especially since he\'s financially strapped and it\'s not the normal practice.

Once again, you didn\'t read the press releases or the news reports. Schundler said he would give donor\'s back \"a large percentage\" of their money. Much like he promised to give back the monies to those he raised funds from in his race for Governor.

Quote:
Brett Schundler wrote: [...]we will be providing a very large percentage refund to everyone who contri buted[...]


Quote:

PolitickerNJ.com
Resized ImageBret Debt
posted by Leon Abbett

With the money he claims he raised, I wonder if Schundler will pay off the debts he has not tried to settle since his last run for Gov or will he use the \"economic downturn\" now as his excuse not too?

Funny how there is no ELEC report but he raised that kind of money.

Posted on: 2009/1/22 4:12
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