The economy and real estate

3/3/2008:

Monday morning Hoboken rants.

Real estate signs wake up

Who was out and about in Hoboken yesterday?

It seems as if the real estate signs came out of hibernation big time, and were clogging up the intersections of Washington Street like never before!

hoboken-real-estate-signs-march-2008.jpg

Many people had comments about them, but my favorite was (in a sarcastic tone) “Nah, there’s no problem with the economy!”

My questions and observations about the signs:

  • I didn’t feel like looking up the city code, but is placing a sidewalk advertisement legal?
  • At some intersections there were so many, that it actually caused a “traffic jam.” When you combine tons of people, double strollers, dogs, and balloons, it becomes quite annoying.
  • If the signs are indeed legal, can anyone put them there? For any reason? “I love Jesus,” “City Hall Sucks,” or “My feet stink!?”

Are we doomed?

Speaking of the economy, one friend who is continually predicting doom and gloom (such as the Kosovo incident), thinks we’re in a bad recession, and headed towards a full-blown depression. He sent this video from CNN, which talks about inflation, possible bank failure and more:

Is the end near? Are we all screwed, and should just cash out our bank accounts just in case?

Please don’t come here

hoboken-now-has-more-foreigners.jpgLastly, it seems as if many “out-of-towners” and even foreigners were in Hoboken yesterday, possibly even looking at the many open houses that were on display (you know, their money is very strong in the U.S. right now). One such family (I believe they were French, based on their accents) was milling around Maxwell Place, and they brought the whole gang to Hoboken. The kids, grandma, and even their little dog.

Well they are strolling around Elysian Park and decided to try out this marvelous thing called a dog-park. They enter through the top gate (which has no inner-fence) and had ZERO idea of what they were doing. They slowly pile in at the same time, keeping the gate wide open for at least 30 seconds.. SLOW POKES! They honestly looked retarded. Many dogs run to greet their dog, and they had no idea the gate was left open. Unfortunately, one of the dogs in the park escaped and high-tailed it out of there, running towards Hudson Street… The owner had to go on a wild goose chase to finally contain his animal.

The reaction from the dopey family? None! No apology, nothing. They didn’t even acknowledge that a dog had escaped! Clueless, I’m telling ya! I sure hope they don’t move here, because if they do, they better be on the lookout for me.

End of rants. Enjoy your day, everyone!

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112 Comments on "The economy and real estate"

MidnightRacer
Member
7. MidnightRacer | March 3rd, 2008 at 10:46 am Quote [quote comment=”71193″]When oil futures fall to $60/barrel, these people will be silent. When oil rises to $100/barrel, that’s when they all come out of the woodwork. End of Spring, oil and inflation are both expected to decrease dramatically. Might even see gas prices bottom to $1.65/gallon (regular).[/quote] 8. rag246 | March 3rd, 2008 at 11:02 am Quote [quote comment=”71200″]And, if you think gas is going any lower before Memorial Day weekend, or back to $1.60 / gallon EVER, there is a bridge between lower Manhattan and Brooklyn you might be interested in buying.[/quote] I’ll take delivery 2009 for tax purposes. On another note, I can’t find my other posts predicting that if oil did drop to these prices that Iran and Russia would start some crisis to threaten oil supply – but how many people believe that what’s going on with Iran backed Hamas hitting Israel for the past couple of weeks and now Israel responding is somehow linked to the sub $40/barrel oil futures? I’m kinda liking those $1.60/gallon gas prices right about now, especially for the current economy. But knowing that Russia had working budgets requiring oil to be priced at least $70/barrel to maintain military expansion, and at least $55/barrel for both Iran and Russia to maintain domestic policy and thwart unrest against subpar state governing, I wonder if this was a desperate attempt to do something to distract their own populace. Given current gas prices, how… Read more »
MidnightRacer
Member

Update on gas prices (newjerseygasprices dot com)

$1.93/gallon
Valero (Holland Tunnel)
193 14th St
Cross: Grove St
Jersey City, NJ

$1.81/gallon
Gulf
1999 US-1 North
Cross: E Scott Ave
Rahway, NJ

$1.77/gallon
Edison Fuel Stop
690 US-1 N
Cross: East Side Ave
Edison, NJ

Cheapest gas in NJ…

$1.70/gallon
Riggins
5201 Black Horse Pike
Cross: Ganttown Rd
Turnersville, NJ

(I think the Hess station at 14th and Willow is $2.01 as of thins morning)

Sidd Finch
Member
Sidd Finch

What about the gas stations on 1/9? They are usually pretty cheap too

MidnightRacer
Member

For the bargain hunters, you can get gas for:

$1.82/gallon
Jersey Gas
314 Main St (at Amboy Ave)
Metuchen, NJ

$1.82/gallon
Delta
1065 Amboy Ave (at Coolidge Ave)
Edison, NJ

MidnightRacer
Member

Hoboken411, you should put up this gas price chart. It’s pretty nifty.

[quote]http://www.newjerseygasprices.com/map_gas_prices.aspx[/quote]

Enter your zip code to find gas prices in your area. Harrison (Hwy 280) is showing $1.89. Watchung has it at $1.87 (I’ve seen lower for the off brand stations).

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