Wednesday, June 30, 2010

NJ's New Governor Comes Clean On Discretionary Ownership

If Hoboken property owners are that different in their situation from others in the state, then they should separate! But the reality dictates that prices will adjust - sooner rather than later, if we want to join any eventual upcycle in prices. My unfortunate prediction is that we will stagnate because the majority of property owners in this town are professionals in the business of real estate. Their (lost) fortunes are tied to it!

So, if you can't heed the advice of the Governor himself, then consider how you are going to protect your family's future:
“They should be talking about treating people like adults and telling them the truth: we’re in huge trouble,” he said. “And it’s going to mean cutting back on a lot of things that folks either have become used to or in a perfect world would like to have.”

All you adults know what's at the top of that "like to have" list.

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