Submitted by Mindless-Budget9019 t3_yq9597 in jerseycity
Looking to pick up some cheap properties in the next few years and turn them into rentals.
Comments
EyesOnImprovement t1_ivo67kk wrote
Oh look, the guy shilling for real estate backed BOE candidates, because muh taxes, also wants to steal cheap homes from those unable to pay the tax increases.
Mindless-Budget9019 OP t1_ivo7iq9 wrote
It’s not stealing. When you don’t pay your property taxes, you lose your house. Taxes will increase a lot in the next few years and quite a number of poor and middle class homeowners will lose their homes thanks to the BOE. I just want to take advantage of the situation that people created after yesterday’s election.
bodhipooh t1_ivof0mk wrote
You know what...? I would be tempted to agree with your take, but he is NOT wrong in his take. People overwhelmingly chose to vote for more taxes and shenanigans by electing the "Eductions Matters" slate through direct voting and, to a larger extent, voter apathy. And, not only did the union backed candidates get voted in, but the sole outspoken dissenter got voted out. So, we are now back to a BOE that is 100% aligned with the union.
Jersey City (and, Hudson County in general) proving once again that they have the government and elected officials that they deserve. So much posturing and verbal diarrhea in online forums about taxation abuse and bitching and complaining about corruption and yet less than half of registered voters showed up to vote, and the ones that did re-elected every single person that deserves to be kicked out, and then chose to vote in tax and spend people. Awesome. Enjoy the fiscal BOHICA.
G_Funk_Error t1_ivogmgw wrote
I would call that opportunity. Not a bad strategy.
Mindless-Budget9019 OP t1_ivornci wrote
Property values will plummet with the increase in taxes so no need for all of that. The voting population already decided to lower the value of all properties.
bodhipooh t1_ivot1nh wrote
Getting them to start is easy (just harness the power of lightning) but the real challenge would be reaching the necessary 88 MPH in our overly congested and pothole ridden streets. Not sure how you could possibly circumvent *that* challenge.
Bellaboo1230 t1_ivp915x wrote
Delivery guys on ebikes hit 88 on sidewalks everyday
Jahooodie t1_ivplj6x wrote
People do 88MPH all the time down Grand or Newark, easy! Just set up some sort of train cow catcher so the pedestrians don't slow you down
Jahooodie t1_ivplmgb wrote
Ehhhhhhhhhh I wouldn't bet on that. Pesky concepts like "supply" and "demand" have one easy answer here- LUXURY HOUSING
EyesOnImprovement t1_ivrys0e wrote
I think you missed my point.
mad_dog_94 t1_ivncjq9 wrote
They work?