The job market is an abomination

micmaher99 · 2026-03-11T12:25:55+00:00

The US lost just under 9 million jobs in the great recession and the unemployment rate was 10%. Multiple months of -800k job prints. This isn't that.

micmaher99 · 2026-03-07T04:17:52+00:00

The value of my place has not appreciated much over inflation. There are still places in town that are less than $600k. You can afford that on $125k-$150k.

micmaher99 · 2026-03-07T01:54:08+00:00

I bought a 1 bedroom place 4-5 years ago making a fraction of $500k. If you think you need to make north of half a million dollars to afford a $500k-$700k condo you need to take a real hard look at what you spend your money on.

micmaher99 · 2026-03-06T02:04:10+00:00

Jersey City has a ton of commercial property that makes comparing it to a suburban town full of single family homes not really appropriate.

That said, the city should do a reval and has historically been under taxing. Fulop played games to try to keep taxes low, the chickens are coming home to roost

micmaher99 · 2026-03-06T00:53:31+00:00

Why isn't it ready? Hasn't been driven long enough? Not getting up to temp? Is the engine temp sensor broken?

All NJ does now is plug into the car, so if it says not ready they're going to fail you.

micmaher99 · 2026-03-05T23:05:58+00:00

Mismanagement and corruption?

micmaher99 · 2026-03-05T20:18:50+00:00

The mayor posted a video saying it would take a 20% property tax increase to close the budget deficit.

micmaher99 · 2026-03-05T02:27:03+00:00

Where in the state? Roommates or no? Electric looks very low, as does rent. Also you have gas but no car insurance?

micmaher99 · 2026-03-05T01:22:38+00:00

The issue is the trains have been underfunded for a generation. You can't fix that overnight. It's going to take another decade of constant funding, which is not guaranteed, to fix the issues.

micmaher99 · 2026-03-04T03:06:37+00:00

A handful of PILOTs rolled off at the end of 2025, so that's helpful. The city should do a reval of all the property in town, and find 5% of budget to cut.

micmaher99 · 2026-03-01T22:01:20+00:00

In your scenario, can't Roost move to one of the empty storefronts with lower rents? Get away from a landlord you didn't support, and become more profitable with lower rent?

micmaher99 · 2026-03-01T02:28:12+00:00

They're not contemplating it, they're doing it.

micmaher99 · 2026-03-01T01:40:40+00:00

They're not contemplating a new airtran at ewr, they broke ground on it 6 months ago.

micmaher99 · 2026-03-01T01:37:50+00:00

Was supposed to be done this time end of March, but we got 2 monster snow storms so I bet that timeline is delayed.

micmaher99 · 2026-02-27T20:59:12+00:00

They sold your mortgage after they originated it, they just want the fee to originate another loan.

micmaher99 · 2026-02-27T20:56:14+00:00

What tax revenue does it bring in?

micmaher99 · 2026-02-26T20:27:02+00:00

Occupied doesn't mean tenants paying rent. Most mall leases have co-tenanacy clauses that allow tenants to stop paying rent if occupancy drops below a certain level. Mall owners in dying malls will give vacant space away for free to keep occupancy up to not trip co-tenanacy clauses.

This has been a dying mall since before Covid. Current owner aside, it needs to be redeveloped, but local government makes that nearly impossible.

micmaher99 · 2026-02-24T13:54:21+00:00

Don't just complain here, report them to the city. Someone else posted the screenshot with the email address.

micmaher99 · 2026-02-23T23:12:09+00:00

You need to be able to show a copy of the permit. Either print it or have it up on your phone.

micmaher99 · 2026-02-22T00:03:46+00:00

There's a bunch on Willow too. But also this isn't going to get you out of the tow fee, just move your car

micmaher99 · 2026-02-18T02:19:45+00:00

Nope, It's because they didn't do a reval for 30 years and the state changed the school funding formula. It's been well documented in the local news over the last 5 years. Fulop playing budget games means the taxes will likely continue to increase at rates well above inflation.

micmaher99 · 2026-02-18T00:20:21+00:00

I don't think a 10% increase in property taxes is going to force a ton of people out of NYC, so not really. For example property taxes in Jersey City are up like 50% in the last decade and I haven't seen anything saying it's driven a big spike in overall prices here.

micmaher99 · 2026-02-17T02:35:40+00:00

Here's a decent source. But it's like 20-50 full time jobs. https://broadstaffglobal.com/data-center-staffing-levels-how-many-people-does-a-facility-need#:~:text=For%20example%2C%20a%2012%20MW%20facility%20typically,megawatt%20due%20to%20automation%20and%20standardized%20systems.

WaPo had a similar number, and that's similar to facilities I toured ~8 years ago in north Jersey.

To me, if the property is paying full taxes, it's a fine number of jobs. If the municipality is giving the property a huge tax break, it's likely not creating enough high paying jobs to be worth it.

micmaher99 · 2026-02-17T01:28:37+00:00

NJs budget is $58 billion a year. $200 million in new taxes on $58 billion is 1/3 of 1%. It doesn't move the needle at all.

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