Tuesday, June 06, 2006

High Bridge Loses - Mt. Laurel Agreement Powerful Medicine

From the Star Ledger:

High Bridge loses bid to block housing development

"A state appeals court yesterday rejected High Bridge's attempt to block a long-approved 170-unit housing development by removing it from the borough's affordable housing plan."

"The three-judge panel noted that the latest legal dispute was part of years of 'stalling tactics' by High Bridge officials to stop local resident Pat Catanzareti from building on the 34-acre property through a contract with developer Pizzo and Pizzo."

"The dispute over the property off Dewey Avenue began in 1984, when Catanzareti sued High Bridge under the state Supreme Court's Mount Laurel doctrine that requires towns to provide housing for low- and moderate-income residents."

"The state Council on Affordable Housing, or COAH, mediated a settlement in 1988, allowing Catanzareti to build 170 units, including 34 affordable homes. Over the years, though, High Bridge sought to modify or overturn the agreement, and the affordable units were never built."

"Mayor Al Schweikert said High Bridge would continue its efforts to acquire the 34-acre property, either through negotiation or condemnation. The borough has hired two appraisers, whose evaluations are expected at any time, he said."

13 Comments:

Anonymous Anonymous said...

"Welcome to the new home of Garden State MLS’ public search engine. Currently, there are 30,233 properties advertised for sale in NJ on our site.."


INVENTORY GRINDING HIGHER.

OF COURSE IT'S A 'GREAT' TIME TO BUY!

NOT!

LET'EM SIT ON THE MARKET AND THINK ABOUT IT WHILE PAYING THE TAXES INTEREST ONLY MTG AND UTILITIES.

NO BIDS NO NOTT'ING

Bob

6/06/2006 05:59:00 AM  
Anonymous Anonymous said...

31,000 by next week?

looks like it.

BOYCOTT HOUSES!

No MAAS to ripoff home prices and monthly slave payments

Cheers
Bob

6/06/2006 06:00:00 AM  
Blogger pesche22 said...

well boys and girls looks like
a moment of reality with the articles in the newspapers today
regarding NJ inventory.

I guess Bob is right.

I was speaking to a person last
night,,,, he was explaing to me
how nj real estate is still a good
deal. oh well,,

6/06/2006 06:22:00 AM  
Blogger pesche22 said...

if think if this was a prize fight
they might throw in the towel.

a few more down days with the dow
and we may get to 31k a little
faster.

no masssss,,,

6/06/2006 06:24:00 AM  
Anonymous Anonymous said...

http://www.pimco.com/LeftNav/Regional+Market+Commentary/Global+Credit+Perspectives/2006/Kiesel_For_Sale_06+2005.htm

Cheers

Bob

6/06/2006 06:47:00 AM  
Anonymous Anonymous said...

http://www.pimco.com/
LeftNav/Regional+
Market+Commentary/
Global+Credit+
Perspectives/2006/
Kiesel_For_Sale_06
+2005.htm

6/06/2006 06:48:00 AM  
Blogger pesche22 said...

lets put it this way. you would not want to be holding any of these homebuilding stocks this morning ,, unless you have been short.

6/06/2006 07:32:00 AM  
Blogger pesche22 said...

homebuilders mostly all being
downgraded .

over at wacovia


dhi phm kbh

all downgraded

6/06/2006 08:30:00 AM  
Blogger pesche22 said...

you may need a stun gun as the investors run for the door

6/06/2006 08:31:00 AM  
Blogger pesche22 said...

lots of sellers in the homebuilders.

sellers in the cements as well.

hxm selling off.

6/06/2006 08:58:00 AM  
Anonymous Anonymous said...

. Noise does not sell well. Let the Realtor� and buyer talk, free of disturbances. Background "soft playing" music is okay, but the wrong sounds will turn buyers off. Noisy children and animals are roadblocks to a contract � and traffic, trains, and planes must be dealt with honestly, if they are part of the deal. Go here for more ideas.

6/23/2006 06:15:00 PM  
Anonymous Anonymous said...

Potential buyers have to say "yes" many times to purchase your home ... but a single "no" over a seemingly minor item can kill the deal. You can do something about this.

6/24/2006 07:41:00 PM  
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6/26/2006 11:30:00 PM  

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