The state of NJ passed a bill that will increase the state sales tax on gasoline by 23 cents per gallon. The state sales tax has also been lowered to 6% from 7%. Governor Christie is expected to sign the bill on Friday.
Just in time for the summer driving season. Gas up early!
Property taxes are ridiculously high and zoning boards are an outright scandal but those are separate issues.
It's expensive to live in NJ for a reason - it's a great state to live in. The Northern half of the state is within easy commuting distance to one of the world's great cities. The expensive areas of the state are incredibly safe with some of the best schools in the country. It's easily one of the best places in the country to raise children. While real estate is expensive in many areas you still get tremendous value when compared to NYC - for around $1 million you can own a small mansion in a great area vs. a 2BD apt in Manhattan or the nicer areas of Brooklyn. And if you live in the Southern part of the state you can get an amazing home for around half that amount.
It's probably a pretty terrible place to retire, but that's because it's a great place to raise kids and the two are pretty incompatible due to school costs, etc. If it was really a terrible place to live people would be leaving en mass and real estate prices would be collapsing - but that is not the case.
Did the cost of those items go down at all when the price of gas dropped in half 18 months ago?
Well, since you mentioned it...
In NJ the trends seem to point to a population influx back into the urbanized areas away from the suburbs.
In NJ the trends seem to point to a population influx back into the urbanized areas away from the suburbs.
The shore as a whole is seeing a complete population shift, as long-time residents in the coastal towns have either not returned to their homes after Sandy or they have been bought out for summer homes.
Where in OR? I grew up in Portland and we are looking at Bend or Eugene in the next couple of years. Pacific Northwest is the most beautiful part of the country, imho.
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and I've already decided I'll never live in the NJ/NYC area again. There's a lot that I miss and like about the area, but it's blood from a stone there. And the crumbling infrastructure isn't going to help the ridiculous traffic.
Where in OR? I grew up in Portland and we are looking at Bend or Eugene in the next couple of years. Pacific Northwest is the most beautiful part of the country, imho.
I landed a good gig in Salem, and live there. Definitely an up and coming place with a lot of development taking place, young population, etc. Give breweries in town doesn't hurt either. It's only been a few weeks bit I really like it.
I'll be visiting Eugene in a few weeks for work, and I plan on checking out Bend in a couple weekends on my way to see Crater Lake. I agree... This area is amazing.
2010 population = 8,791,894
2015 population - 8,958,013
There has been a general move from colder states to warmer states in the last few decades - likely due to the increased use of air conditioning - but despite that NJ's population continues to grow. So there is no great movement away from the state.
Then within that there are questions about the different cohorts within that growth. Age, income, etc.
Like I said before my impressions of NJ are that the urbanized areas (basically within a 15 mile or so radius of NYC) will continue to grow but the suburbs are in real trouble.
Also, people are leaving NYC and Chicago areas to some degree because the IT revolution has unchained people from living in a few dense population centers for certain industries. My job doesnt really require me to be in NYC, yet here I am, paying more for a 1 bedroom than I'd have to pay for 4000 sq. ft. in most of the country.
Also, dont want to get into a maker and taker argument, but states like NJ are subsidizing states like SC. Even worse, a number of sunbelt states are not only taking tax transfers from richer states (via federal spending and matching funds), but they're then turning around and offering special tax abatement to lure companies out of the richer states that are subsidizing them. It's kind of unfair.
Also, dont want to get into a maker and taker argument, but states like NJ are subsidizing states like SC. Even worse, a number of sunbelt states are not only taking tax transfers from richer states (via federal spending and matching funds), but they're then turning around and offering special tax abatement to lure companies out of the richer states that are subsidizing them. It's kind of unfair.
States in all sections of the country are offering tax abatements to encourage companies to locate there. NY and NJ included
Fastest growing regions seem to be the rocky Mountain regions and North Dakota (economic boom), followed by the SE and Pacific states.
So it seems the traditional migrations to big cities (NY, CHI) are no longer the case.
Oh, I forgot, "those" people don't count. My bad.
Upstate NY can be a bitch for taxes, etc but it's a great place to raise and educate kids. We bailed on TX when my oldest was starting kindergarten.
BTW, I'm not bashing southern schools just speaking from personal preference. I know there are many good schools south of the mason dixon line.
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I believe that's the case, anyway.
Oh, I forgot, "those" people don't count. My bad.
Greg doesn't need me to defend him, but I don't believe that's what he said. Carry on.
What is the relevance?
There, now you can busy yourself with trying to make that sound ominous.
What is the relevance?
neither I nor Modus speak for Greg but I assumed he meant that NJ could be the worst part of all of America and still be a nicer place to live than where many immigrants are leaving?
I think about moving a lot to states where I can live more comfortably, but it's hard to separate from friends and family.
It's amazing that most people don't know that Paul Sarlo - the Mayor of Wood-Ridge AND a State Senator (how does that happen) - is a paid employee of Sanzari, who basically owns construction in North Jersey. Corrupt New Jersey at its finest.
The only places shrinking in population are West Virginia (-0.48%) and Puerto Rico (-6.75%).
This is estimated change from 2010 to 2015.
Link - ( New Window )
Also, people are leaving NYC and Chicago areas to some degree because the IT revolution has unchained people from living in a few dense population centers for certain industries. My job doesnt really require me to be in NYC, yet here I am, paying more for a 1 bedroom than I'd have to pay for 4000 sq. ft. in most of the country.
Also, dont want to get into a maker and taker argument, but states like NJ are subsidizing states like SC. Even worse, a number of sunbelt states are not only taking tax transfers from richer states (via federal spending and matching funds), but they're then turning around and offering special tax abatement to lure companies out of the richer states that are subsidizing them. It's kind of unfair.
Doesn't NY offer some ridiculous tax breaks for "startups" moving to the state as well as large manufacturing companies (SolarCity) that agree to move to various upstate regions? I believe they are currently spending hundreds of millions (if not more) to redevelop Buffalo, most of which is going to corporations moving there.
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In comment 13012131 Metnut said:
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broke so this isn't a surprise.
My State, Connecticut, is in the worst fiscal shape of the entire union, only Puerto Rico is in worse shape..
Um I live in Illinois... wanna talk about a broke state? About to enter a second year without a budget...awesome stuff
Connecticut is so broke the cancelled the 4th of July fire works in Hartford because they could not afford it..
In NJ the trends seem to point to a population influx back into the urbanized areas away from the suburbs.
This is a fascinating issue. My wife is from Hunterdon County which is dealing with the same thing. Millenials are ditching the car payments and opting for more of an urban experience.
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like Yogi Berra used to say, "Nobody goes there anymore. It's too crowded."
Also, people are leaving NYC and Chicago areas to some degree because the IT revolution has unchained people from living in a few dense population centers for certain industries. My job doesnt really require me to be in NYC, yet here I am, paying more for a 1 bedroom than I'd have to pay for 4000 sq. ft. in most of the country.
Also, dont want to get into a maker and taker argument, but states like NJ are subsidizing states like SC. Even worse, a number of sunbelt states are not only taking tax transfers from richer states (via federal spending and matching funds), but they're then turning around and offering special tax abatement to lure companies out of the richer states that are subsidizing them. It's kind of unfair.
Doesn't NY offer some ridiculous tax breaks for "startups" moving to the state as well as large manufacturing companies (SolarCity) that agree to move to various upstate regions? I believe they are currently spending hundreds of millions (if not more) to redevelop Buffalo, most of which is going to corporations moving there.
NY is offering a ten year tax free incentive to move your business there.
At least that is what the tv ads running down here say.
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like Yogi Berra used to say, "Nobody goes there anymore. It's too crowded."
Also, people are leaving NYC and Chicago areas to some degree because the IT revolution has unchained people from living in a few dense population centers for certain industries. My job doesnt really require me to be in NYC, yet here I am, paying more for a 1 bedroom than I'd have to pay for 4000 sq. ft. in most of the country.
Also, dont want to get into a maker and taker argument, but states like NJ are subsidizing states like SC. Even worse, a number of sunbelt states are not only taking tax transfers from richer states (via federal spending and matching funds), but they're then turning around and offering special tax abatement to lure companies out of the richer states that are subsidizing them. It's kind of unfair.
Doesn't NY offer some ridiculous tax breaks for "startups" moving to the state as well as large manufacturing companies (SolarCity) that agree to move to various upstate regions? I believe they are currently spending hundreds of millions (if not more) to redevelop Buffalo, most of which is going to corporations moving there.
Yes, and the commercials are constant. They ran off all the industry years and years ago and are now begging them to come back.
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In comment 13012741 Deej said:
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like Yogi Berra used to say, "Nobody goes there anymore. It's too crowded."
Also, people are leaving NYC and Chicago areas to some degree because the IT revolution has unchained people from living in a few dense population centers for certain industries. My job doesnt really require me to be in NYC, yet here I am, paying more for a 1 bedroom than I'd have to pay for 4000 sq. ft. in most of the country.
Also, dont want to get into a maker and taker argument, but states like NJ are subsidizing states like SC. Even worse, a number of sunbelt states are not only taking tax transfers from richer states (via federal spending and matching funds), but they're then turning around and offering special tax abatement to lure companies out of the richer states that are subsidizing them. It's kind of unfair.
Doesn't NY offer some ridiculous tax breaks for "startups" moving to the state as well as large manufacturing companies (SolarCity) that agree to move to various upstate regions? I believe they are currently spending hundreds of millions (if not more) to redevelop Buffalo, most of which is going to corporations moving there.
Yes, and the commercials are constant. They ran off all the industry years and years ago and are now begging them to come back.
The need to offer special tax breaks to lure business is an admission that overall taxes are too high. Too late.
I couldn't imagine moving to Oregon or Las Vegas or SC or wherever because it's cheaper. Regardless of how much money I would save - it would absolutely depress the hell outta me being 1000s of miles away from my family and my roots.
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Paul Sarlo, CEO of Joseph M. Sansari for this.
It's amazing that most people don't know that Paul Sarlo - the Mayor of Wood-Ridge AND a State Senator (how does that happen) - is a paid employee of Sanzari, who basically owns construction in North Jersey. Corrupt New Jersey at its finest.
Can that just be repeated ad nauseum? This is a political post though so not allowed on this site?
This is the most blatantly corrupt political act I have ever seen.
I couldn't imagine moving to Oregon or Las Vegas or SC or wherever because it's cheaper. Regardless of how much money I would save - it would absolutely depress the hell outta me being 1000s of miles away from my family and my roots.
thats the only reason why i havent left. but the property taxes are killing me. too much money for what i have.
Yes, NJ is still very expensive to retire in, but this legislation + sales tax cut make it much more attractive to retirees.
I couldn't imagine moving to Oregon or Las Vegas or SC or wherever because it's cheaper. Regardless of how much money I would save - it would absolutely depress the hell outta me being 1000s of miles away from my family and my roots.
I get that, and there was definitely a part of me that was worried I was making a mistake. After all I've lived in either NJ or Maryland my whole life and know nothing about the west coast.
My situation is a difficult now because my wife and kid are still in Jersey for a few months, but outside of that enormous change it's not all that different. Being able to follow your sports teams, news from home, etc. is obviously very easy now compared to what it would have been years ago.
And as for missing extended family and friends, once we had a kid (and our friends had kids) the time between visits was growing anyway. There's just so much less time. And my kid is only a year old...I can't imagine how much time they occupy once they get into sports and activities and that sort of thing.
The culture shock has been much less than I anticipated. And the benefits (walking to work as opposed a 1+ hour commute, an eventual mortgage payment on a bigger house that will be literally 50% of what we paid in NJ) are pretty enormous. At least to me, anyway.
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but I love it here anyway. I've lived here my whole life...my family's been here for generations.
I couldn't imagine moving to Oregon or Las Vegas or SC or wherever because it's cheaper. Regardless of how much money I would save - it would absolutely depress the hell outta me being 1000s of miles away from my family and my roots.
I get that, and there was definitely a part of me that was worried I was making a mistake. After all I've lived in either NJ or Maryland my whole life and know nothing about the west coast.
My situation is a difficult now because my wife and kid are still in Jersey for a few months, but outside of that enormous change it's not all that different. Being able to follow your sports teams, news from home, etc. is obviously very easy now compared to what it would have been years ago.
And as for missing extended family and friends, once we had a kid (and our friends had kids) the time between visits was growing anyway. There's just so much less time. And my kid is only a year old...I can't imagine how much time they occupy once they get into sports and activities and that sort of thing.
The culture shock has been much less than I anticipated. And the benefits (walking to work as opposed a 1+ hour commute, an eventual mortgage payment on a bigger house that will be literally 50% of what we paid in NJ) are pretty enormous. At least to me, anyway.
I remember you saying you aren't a good flyer. Is that a concern being so far away?
I remember when I lived on LI, I would see these signs all the time, 'Get out of NY State before it's too late'. We did. We love it here and would never move back.
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The other main tax cut in the bill comes from raising the tax-free threshold on retirement income. Currently, the threshold sits at $15,000 for an individual. By 2020, it will increase to $75,000 for an individual, $50,000 for a married couple filing separately, and $100,000 for a married couple filing jointly by Jan. 1, 2020.
Yes, NJ is still very expensive to retire in, but this legislation + sales tax cut make it much more attractive to retirees.
And the failure to address the estate and inheritance taxes keep it a less attractive place. And I'm not talking about elimination. Just having the same rules as that notorious tax haven, New York, would go a long way.
be careful with Houston. That area is so driven by oil that alot of people have lost jobs because of the drop in oil prices.