Yes. PILOT program and tax abatements of the past have screwed us for the future. Of course elections matter but Unfortunatley no matter who you vote in, you can’t undue past mistakes that will plague this city for many years

Gonna be a lot of Teslas on the used car market 🤭

Yea they got in trouble with marketing interest rates on some of their products, got a slap on the wrist, then financial trouble, FTX started bailing out and buying up troubled crypto firms until they were exposed as a huge fraud themselves

Uncertain. From what I know, they were headquartered in JC for some tax friendly/registration purposes (Silverman building &Co) but most of their employees sat in offices in NYC. They filed for Chapter 11 which is a restructuring so not out of business

See post above in thread from resident who has completed the work already

Sorry. I was being awfully too pragmatic. You’re right. In order to sell my house without paying $15-20k to replace service line, I’ll have to wait until the city gets around to doing the work for me which will then allow me to sell my house without a penalty essentially. So I’m on the city’s clock on this. Sounds like a great deal. I’ll wait for them to fix the schools while I’m at it too!

Ok. So if it costs $15-20k you’re out $5-10k. Got it. But those are your tax dollars “reimbursing” you so yea. There we go

Can’t imagine which one of the Friends of Fulop contractors got in his pocket on this one. Guess we’ve run out of sewers to dig up and roads to pave

This is a good positive post. We need it!

Throw everything at the wall and see what sticks strategy. Lovely!

I’ve gone to Jay at V’s. He’s legit.

Two corollas in a week?!

Not one bit. That’s why I don’t live in Arizona, Texas or Florisa

Well. Timing is everything. You make your money on the buy not the sell. But given todays dynamics you’d have to be a real idiot to become a landlord here. Or you are simply naive in thinking you can raise rents every year without any fear of them stabilizing or going down

So basically no good options is what everyone is saying?!

Worst city to be a landlord. Math does not make sense

If you can afford it leave journal square and move to downtown. That’s my personal siggestion

The buyer, The Birch Group, has quite the opposite portfolio. Almost all suburban office.

https://birchgroupllc.com/portfolio/

Let’s revisit in 16 months

So things should just never change according to your statement. Everything just stay as it was in the 90’s. Got it.