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The Exodus From New Jersey

exit what exit

March 6,2018

the staff of the Ridgewood bog

Ridgewood NJ, According to the American Community Survey, telecommuting doubled from 2005 to 2014 and employers in 2017 were more likely to be looking for live-work-play communities that offer affordability as well as lifestyle benefits for their employees.

The American Community Survey (ACS) is an ongoing statistical survey by the U.S. Census Bureau. It regularly gathers information previously contained only in the long form of the decennial census, such as ancestry, educational attainment, income, language proficiency, migration, disability, employment, and housing characteristics.

PlanSmart NJ, says New Jersey is the most exited state in the nation, with owner-occupied home ownership down by 100,000 in the years since the Great Recession. We need a new policy approach, one prepared to grapple with the following realities: New Jersey has five new renters for every three homeowners; New Jersey has 14 million square feet of empty office space; New Jersey has seven million square feet of empty retail. At our current rate, it will take more than 20 years to re-tenant these stranded assets.

PlanSmart NJ is an independent, non-profit planning and research organization committed to improving the quality of community life through the advancement of sound land use planning and regional cooperation.

Jim Hughes, the dean at Rutgers University’s Edward J. Bloustein School of Planning and Public Policy, and co-author Joseph Seneca put it most succinctly in their recent work on New Jersey’s postsuburban economy: “New Jersey’s core advantage in the late 20th century – a suburban-dominated, automobile-dependent economy and lifestyle – is (now) regarded as a disadvantage.”

The report for all its gloom offers barely a mention of the elephant in the room , the oversized property taxes and very high taxes in general on residents which will continue to raise as the tax base disappears .

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