The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
file photo by Boyd Loving
the staff of the Ridgewood blog
Ridgewood NJ, with more than 3 in 10 Americans feeling anxious about retirement, the personal-finance website WalletHub today released its report on 2024’s Best & Worst States to Retire, as well as its 2024 Retirement Savings Survey.
Continue reading New Jersey Rated 2024’s 2nd Worst State to Retire In
the staff of the Ridgewood blog
Trenton NJ, while Governor Murphy continues to push his all electric vehicle mandate ,Toyota’s Chairman and former CEO, Akio Toyoda, has been a vocal skeptic of the electric vehicle (EV) hype, which contributed to his stepping down from the CEO role earlier this year. With Tesla reporting disappointing third-quarter earnings, it seems that some investors are reevaluating the profitability of EVs. In an “I told you so” moment Toyoda said, “People are finally seeing reality.”
the staff of the Ridgewood blog
Ridgewood NJ, with almost one third of the population saying that they’d prefer to live in a suburban area, the personal-finance website WalletHub today released its report on 2023’s Best Small Cities in America, as well as expert commentary.
Continue reading Ridgewood Ranks in the Top 3% of Small Cities in America
Statement by Ralph Albert Thomas, CPA (DC), CGMA, CEO and Executive Director, New Jersey Society of Certified Public Accountants
Roseland NJ, Governor Phil Murphy delivered his budget proposal for New Jersey’s 2024 fiscal year which begins July 1. The New Jersey Society of Certified Public Accountants (NJCPA) applauds the Governor for proposing a budget that includes no tax increases or new fees and allows the 2.5-percent corporation business tax (CBT) surcharge to sunset on Dec. 31. We also applaud the fiscally responsible measures to create a $10 billion surplus and put more than $2 billion towards debt defeasance. However, we are concerned about the tax revenue projections which don’t factor in a possible recession.
Continue reading NJCPA Raises Concerns With Governor Murphy’s Proposed FY 2024 Budget
file photo by Boyd Loving
the staff of the Ridgewood blog
Trenton NJ, with 25% of all nonretired adults having no retirement savings, the personal-finance website WalletHub today released its report on 2023’s Best States to Retire, as well as expert commentary.
To help retirees find a safe, enjoyable and wallet-friendly place to call home, WalletHub compared the 50 states across 47 key metrics. Our analysis examines affordability, health-related factors and overall quality of life.
Continue reading WalletHub Study: New Jersey Is 2023’s 2nd Worst State to Retire
the staff of the Ridgewood blog
Roseland NJ, This afternoon, Governor Phil Murphy delivered his budget proposal for New Jersey’s 2023 fiscal year which begins July 1. We applaud the Governor for proposing a budget that includes no tax increases or new fees. The NJCPA also commends Governor Murphy for once again including a full payment to the public worker pension fund, though structural reform to public worker benefits is necessary to end the ballooning burden of these benefits on the state budget. We also applaud the Governor for making a large allocation to debt defeasance.
Continue reading NJCPA “Ignoring businesses does not help low- and middle-class New Jerseyans”
file photo by Boyd Loving
the staff of the Ridgewood blog
Ridgewood NJ, a new WalletHub Study rates New Jersey the worst place to retire. With 27% of all nonretired adults having no retirement savings, the personal-finance website WalletHub today released its report on 2022’s Best States to Retire.
Continue reading WalletHub Study : New Jersey Is 2022’s Worst State to Retire
the staff of the Ridgewood blog
Ridgewood NJ, Republican candidate for New Jersey Governor, Jack Ciattarelli, was at a home in Tuckerton on Thursday morning for a roundtable discussion hearing the concerns of Southern Ocean County residents with regard to property taxes, affordability and how small business owners are being impacted economically.
the staff of the Ridgewood blog
Ridgewood NJ, Hearty buyer demand throughout the state has been tempered only by the continued lack of inventory across all categories in May, according to housing data from New Jersey Realtors. Prices continue to push higher as the available housing stock drops lower. Across the state, the median sales price for a single family home in May was $435,000, a 24.3 percent increase, equal to a jump of $85,000 over last May. Still, buyers are undeterred, fueled by low mortgage rates that help offset the affordability issue.
Continue reading NJ Realtor: Low Inventory Continues to Fuel Higher Prices
The decision to buy a real estate property is a significant one. When deciding to purchase a house, the first question that hovers home buyers’ minds is the affordability and expenses incurred. Answering these doubts requires significant consideration of several elements. Before you decide on buying a great property, you have to learn about the analysis process. You are contemplating the affordability, but you must understand the real meaning of the process and consider various income factors to debt.
Continue reading A brief guide to help you purchase houses for sale Calgary SW
the staff of the Ridgewood blog
Totowa NJ, State Senator Kristin Corrado said Governor Murphy’s State of the State address ignored the harsh realities that impact New Jersey residents every day.
“Clearly, the Governor’s version of the State’s condition is nothing like the reality experienced by everyday New Jerseyans. Today’s address was further proof that Murphy is detached from State residents. He doesn’t understand us because he isn’t one of us.
the staff of the Ridgewood blog
Montville NJ, In light of the affordability struggles many homeowners are currently facing in New Jersey, Senator Joe Pennacchio is strongly encouraging all eligible residents to apply for the Senior Freeze Property Tax Relief Program, before the October 31, 2018 deadline.
Americans on the move want warmth, affordability: reports
By Mark Guarino
CHICAGO Fri Jan 2, 2015 2:03pm EST
(Reuters) – Americans moving out of state in 2014 were most likely to head to places that were warmer and more affordable, such as the South and Southwest, according to studies by two major moving companies.
The 47th annual report by Allied Van Lines showed that Illinois topped the list of states people are moving away from with 1,372 net moves, followed by Pennsylvania, New York, Michigan and New Jersey. The states have remained in the top five since 2010, the company said.
In its 38th annual report, released Friday, United Van Lines reports that New Jersey, New York, Illinois, North Dakota and West Virginia represented the states their clients exited the most last year. Illinois, where outbound moves represented 63 percent of total moves for the state, has ranked among the top five for the past six years, the company says.
Michael Stoll, an economist with the department of public policy at the University of California in Los Angeles, said in a statement for United that migration patterns reflected long-term movement to the South and Southwest, where housing costs are lower, climates are less severe and job growth has been at or above the national average.
United said Oregon was the most preferred destination for its clients, followed by South Carolina, North Carolina, Vermont and Florida. The company said 38 percent of its clients moving to Oregon were going for a new job while 29 percent cited retirement.
Allied clients were most likely to move to Texas, Florida, Arizona, South Carolina and Colorado, the company said. The company said the most popular destinations were generally the same but the number of moves has increased with California, Oregon and Washington state showing the greatest increases for inbound moves.
“Trends demonstrate a heavy movement toward warm-weather, retirement-friendly states,” Lesli Bertoli, general manager and vice president of Allied, said in a statement.
https://www.reuters.com/article/2015/01/02/us-usa-moving-idUSKBN0KB16920150102
