Wednesday, June 07, 2006

Corzine Building 100,000 Affordable Homes?

From the AP:

Corzine wants to build 100,000 affordable homes over next decade

"Plans will be set by the end of the year to build 100,000 homes for low-income New Jerseyans over the next decade, Gov. Jon S. Corzine said today as he vowed to spend more money on renters and the homeless."

"Corzine said he expects housing officials to finalize within the next six months a blueprint to expand affordable housing throughout New Jersey, where tens of thousands of people are awaiting housing help."

"'Affordable housing is the basic building block for transforming lives,' Corzine told about 250 members of the Housing & Community Development Network of New Jersey during a meeting inside a capital city hotel."

"New Jersey is the most expensive state for homeowners and the third most expensive state for renters, according to the U.S. Census."

"Corzine said he hasn't estimated a cost for his plan, but said substandard housing often leads to social ills such as crime and health problems that cost the state money."


Anonymous Anonymous said...

Gluts of inventory added by the minute.

Alot of this is the spinning and manipulating of dropping and relisting so ASKING PRICES MEAN NOOOTTT'''ING!


Alot of people are in trouble. Hang on and stop the figiding.




6/07/2006 05:41:00 PM  
Anonymous Anonymous said...

Welcome to the new home of Garden State MLS’ public search engine. Currently, there are 30,438 properties advertised for sale in NJ on our site. For Residential Properties that are Multiple Listed with Garden State

More added.



6/07/2006 05:41:00 PM  
Blogger grim said...

Plenty of changes in store in the next few weeks.

I'm going to be moving the blog off Blogger to WordPress running on a dedicated hosting platform.

Unfortunately, the domain name is also going to be changing. The good news is that it's going to be much easier to remember and pass along.

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6/07/2006 05:42:00 PM  
Anonymous Anonymous said...

Corzine Building 100,000 Affordable Homes?

Well, pretty much everybody in NJ will be poor with NJ taxes so those apartments are certainly needed.

6/07/2006 06:08:00 PM  
Anonymous Anonymous said...

It's important to keep in mind what Corzine and the rest of the NJ gov. means when they say "affordable" housing.

They are mostly talking about housing affordable to people with "moderate income" -- defined as 80 percent of a given region's median income.

for a simple number, check out Monmouth County, median income of roughly $80K moderate for a family of 4 translates to about $65K.

what they are primarily being offered is a 3 br condo for something like $160K. A bargain for sure, but not too far off what a non-bubble market would likely provide.

The state has some other tricks up its sleeve to meet Corzine's 100k number, so I wouldn't worry too much about your neighborhood going to the dogs. How many people could afford to buy the house they live in today based on their income and the current market.

6/07/2006 08:31:00 PM  
Blogger Richie said...

Screw affordable homes, I want affordable taxes!

6/07/2006 08:52:00 PM  
Anonymous Anonymous said...

$65,000 is barely enough to pay rent on anywhere in NJ or the 4 boros outside Manhattan.

Affordable housing to the politicans & media means housing in up & coming nabes where the average person makes $125,000 a year instead of $200,000 a year.

The NYC / NJ area is just becoming a playground for the wealthy and for old money.

6/07/2006 09:29:00 PM  
Anonymous Anonymous said...

Is this like Mike Bloombergs plan for affordable housing in NYC???

Housing has become more unafforable than affordable. Someone making $75,000 - $100,000 cannot afford to live in NYC or Northern NJ on their own with rents & prices the way they are today.

Many are commuting from eastern suffolk or western PA to Midtown Manhattan.

6/07/2006 09:31:00 PM  
Blogger Mr. Oliver said...


Looking forward to the new site.

6/07/2006 10:13:00 PM  
Anonymous Anonymous said...

I guess Cora"zone" never hear of the "PROJECTS". When built, they were not sub standard, but turned that way, since the people didn't earn it or have to pay fo it themselves.
This is the begining of the big giveaway we were all expecting at the expense of the taxpayers. I guess there is enuf tax money lying around in boxes in Trenton, or enought in the tax increse to fund the program.
The local pols will declare eminent domain, the connected builders will build these houses with some corrupt state board overseeing it.
I understand the school supers, the port authority police and the triple dipping polititions (some from prison or on probation) are providing the front money from their pension windfalls.
Sounds like a (new jersey) plan.

6/08/2006 05:33:00 AM  
Anonymous Anonymous said...

If Corzine wants 100,000 "affordable" homes let him pay for them with his own money. He can certainly afford it.

6/08/2006 10:26:00 AM  
Anonymous Michelle said...


I think the governor got your petition.


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