August 7,2018
the staff of the Ridgewood blog
Ridgewood NJ, the state of New Jersey currently has a total of 391,428 vacant housing units, according to Census data, with the highest concentration in Newark.
In a recent report by the Lincoln Institute of Land Policy the report noted that abandoned properties have a devastating effect on the fiscal health of the town. They pay little in taxes and generate little revenue. By devaluing neighboring properties, they reduce property tax collections.
Additionally, the government bears substantial costs to deal with these properties. The report calls them “a massive drain on public resources, hitting hardest those cities already struggling to meet payrolls and invest in their future.”
Assemblywomen Holly Schepisi noted , “Currently, New Jersey has a total of 391,428 vacant housing units, according to Census data, with the highest concentration in Newark. These numbers are staggering particularly as we build hundreds of thousands additional units of court imposed housing in New Jersey. Why aren’t we converting even a fraction of these homes into affordable housing rather than building on every last remaining parcel?What is wrong with this State?”
One only has to look at Hoboken & Jersey City – or across the Hudson to places like Brooklyn – where many areas are experiencing a renewal. Whether it be gentrification of old industrial areas or abandoned buildings that are falling apart, there are huge opportunities for public-private partnerships to get capital flowing to these neighborhoods rather than forcing every town in NJ to build out to bursting limits.
At the base level, this is not just about housing. This is part of the continuing efforts to punish the “rich’ suburbs and provide another method of transferring money from hard working folks to those who in many cases chose not to contribute. Take a look at why the tolls are so high on the bridges or your NJ Transit ticket so high. There are large percentages of those funds that support the city infrastructures, subways, etc. Money transfer?
There a volumes of books written about these schemes to ‘change’ the neighborhoods through exaction of money, influx of people who could not afford to live there, and try to force people to accept those who they would prefer not to. I don’t care what the politics, race, or lifestyle is of my neighbor as long as they can pay for the house, taxes, and upkeep.
Wake up folks, keep voting for liberals and watch the things you want to protect continue to eroded underneath you. Ridgewood is directly in the sights of the Governor and others. Anyone who thinks we wont have 1000+ units at the Valley site and other locations is just not fully aware of how these things work.
Is that the house in “Psycho”?