November 29, 2017

1. New Rental Complex in Cliffside Park, NJ starts moving-in 

  • 'The Centre Luxury Living' at 705 Anderson Ave, Cliffside Park
  • Lobby height → 3 story. Manhattan sky line view
  • Studio (564~600 SF): starts from $2,025 / 1BR (834~875 SF) starts from $2,800 / 2BR (1194~1338 SF): starts from $3,200
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November 22, 2017

1. Mortgage interest deduction will be maintained

   Congress financial committee released revised plan:

  • Mortgage Interest deduction limit from $500,000 (House Representatives) revert back to $1 Million
  • Corporation Tax 35% → 20% Plan will be delayed till 2019
  • Individual Tax : 7 levels (House Representatives: 4 levels) will be kept (Max 39.6% → 38.5%)
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November 01, 2017

1. NYC is difficult to be Amazon's 2nd HQ

  • 238 city's proposals from 54 States
  • Tough competition: NYC → Probability 14:1 (Manhattan Mid-town West, Lower Manhattan Financial District, Queens LIC, Brooklyn Triangle)
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October 25, 2017

1. A Fraud Case in Palisades Park, NJ 

  • Mr. K (YoungSin GunKang) accused of taking about $1 Million out of 'KYE' in Korean + $500,000 (Loan from individual) and fleeing
  • $3000 per account, Total 31 accounts / Each turn, each member will get $90,000
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October 11, 2017

1. Trump's new tax reform might be negative impact to New Jersey residents 

  • Reform will cancel exemption on certain property tax → increase tax pay
  • Average exempted tax amount: Palisades Park → $15,907 / Fort Lee → $25,153 / Englewood Cliffs → $48,303 / Tenafly → $60,697
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