Re: [AsburyPark] Re: CHECKMATE!

Mon, 09 May 2005 04:52:17 -0700

Hello [EMAIL PROTECTED],


In reference to your comment:
property values &
ratables are increasing throughout Monmouth County
That has been true for Monmouth County overall for decades.  For AP, only in the past few years. 
========Original Message========
Subj: [AsburyPark] Re: CHECKMATE!
Date: 5/9/2005 6:15:39 A.M. Eastern Daylight Time
From: [EMAIL PROTECTED]
To: AsburyPark@yahoogroups.com
Sent on:   

does this mean someone who owns 3 houses in AP is more "vested" than
someone who owns 1, rents, or does business in the city???

the real estate argument is laughable, it is like giving credit to the
rooster for making the sun rise. if you've been listening to people
besides the AP City Council, you would see that property values &
ratables are increasing throughout Monmouth County.

A couple of baseline factors to compare this council's job to the job
a semi-trained seal would be able to accomplish here. (From the
Monmouth County website:)
http://www.co.monmouth.nj.us/ecois_strong.asp

*The ratable base in Monmouth County grew this year at a record pace -
16%.

*Between 2000 and 2004, Employment rose by 8.1%, as opposed to the
state-wide average of 1.0% and 2.0% nationwide.

*The Office Vacancy Rate in Monmouth County is a relatively low 16%.
4th lowest in the state. Somerset County is highest with a 40% vacancy
rate.

*One of the factors driving the low vacancy rate in Monmouth County is
the relatively low rental rates. Monmouth County is 3rd lowest of the
northern counties with an average rate of $22 per square foot of
office space. Hudson is highest with a $28.50 rate.

*Incomes in Monmouth County continue to rise faster than the state and
national averages. The median household income here is about 17%
higher than New Jersey and 53% higher than the national average.

*Population increases fuel increases in local construction, especially
residential housing, and retail employment.

*The appreciation of real estate values in Monmouth County remains
above national averages. Retail sales are at record highs, with
building materials, furniture and auto sales being exceptionally
strong.

Rather than giving your vote to whomever was in charge when the market
boomed, why not look at who will protect your investment most if
something should go awry? Has this council demonstrated adequate
skills to protect you if something should go wrong with redevelopment?


--- In AsburyPark@yahoogroups.com, [EMAIL PROTECTED] wrote:
> Following are some remarks sent to the GLH group and my response to
them. 
> Jeannie has granted me permission to forward her remarks  here:
> ================================================   
> ...The same people who complain the major landmarks were "given"
away are 
> the same people who have seen sizeable appreciation in their homes
and 
> investment properties over the last 4 years. Although I am not a
"long time"  resident
> as some of our favorite local pundits love to say, I have seen
appreciations
> in my investments and home beyond my wildest expectation. Same  goes
for the
> redevelopment areas. I do remember when NO ONE wanted to bid  on the
casino,
> and other "beloved" properties. That was then . This is now. The
reason it now
> seems these properties that no one would touch are worth
something, is
> because we have ACTIVE development plans down at  the beach. And we
should thank
> the current council (and Kate Mellina) for that.  Is it perfect?
Maybe not.
> Eminent domain is a big problem. But that can be  corrected and
should be.
> Otherwise, that area was depressed and hopeless. And  yes, I believe
the tax rebates
> are the cost of doing business. Am I unhappy my  taxes are going up?
Yes. But
> as more businesses and homes come in with better  rateables I hope
things will
> get better.    CAFRA,  Historical implications of buildings,
zoning,
> architectural  rendering  agreements, have delayed the water front
as much as anything
> else. How can the  developers start when we won't approve a
rendering for the
> project? The  developers carrying costs must be tremendous on
property they
> have been delayed  on improving.
>     Finally, I beleive a council member should be a  homeowner. Not
just a
> resident. I also believe that while I will listen to any
perspective, I weigh
> more heavily if a person votes here, and resides and owns  here.
>     It is with these criteria that I can not listen too  seriously
to any
> candidate or "pundit" who lacks the requirements. They in  fact, are
not vested
> like me. I believe the current council is as vested as  I am. I back
the APAC
> endorsements. And I will vote for those candidates. Not  because
APAC says that
> is the right vote. But because it is the right vote. They  did
their
> homework. I did mine.
> 
> Jeannie
> 508 Monroe #3F
> 516 Sewall Ave
> 1304 3rd Ave
> (vested in AP for the future)
> =========================================================





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