The Future of Lakewood

[shlomoandtam]

https://lakewoodalerts.com/87-7-lakewood-again-wins-title-of-being-new-jerseys-trumpiest-town-in-2024-election/

[Chester7]

I have to say this is one policy I agree with. Its not a good thing for whole streets in the very centre of cities to be used as short-term rentals. It makes whole communities undesirable to live in. It also distorts the housing market even pushing up sale prices because its so easy to flip a house to a short-term (never mind rental prices.) Besides they have an unfair advantage over hotels due to lack of regulation and much lower costs.

Howell has cracked down on renting for some of these reasons.

[dealfinder11]

Howell has cracked down on renting for some of these reasons.

Also because it's, you know, mortgage fraud.

[Chester7]

Also because it's, you know, mortgage fraud.

Doesn't sound like that's why they cracked down. Though that is (obviously)a good reason not to do it.
Maybe should be put here.

[nucheiner]

Also because it's, you know, mortgage fraud.

Incorrect. The issue at hand is anti-rental not fraud.

They are (ab)using their power of issuing Rental COs as a means of using the financing of the home as a way to block rentals despite that this is a matter not actually related to rentals.

Howell does not like how many homes are being rented to umm.... people who are "undocumented". They dislike this more than Jews moving in. Many young families are buying and then are renting out the property for 1-5 years before moving in, mainly for financial reasons but sometimes they are waiting for the area to get built up (yeah, it takes time for it to get built up if everyone does this).

They invented this new rule which is completely unrelated to rental laws as a means to prevent people from buying with this intention. It may not hold for the following reason. Say one purchases and lives in a home and then moves and rents out the property, there is no issue with the fact that the loan is a regular residential primary residence loan and not an investor loan. As long as that was the intent at the time of purchase. So they will have to clarify they that won't require investment loans in such a case. Ok, and for instance if one purchases and has every intention of moving in until after they close and after 3 months of planning their decorator advises them not to do the dream extension and instead wait. So they change their mind and would like to rent it out. Now what? Do they have to go back to the bank for permission to rent out the property? Perhaps. Is it the Townships business? Probably not.

This is a grey area. The difference monthly between a primary residence loan and an investment loan averages about .5% percent higher. Not mortgage fraud millions!

[dealfinder11]

Incorrect. The issue at hand is anti-rental not fraud.

They are (ab)using their power of issuing Rental COs as a means of using the financing of the home as a way to block rentals despite that this is a matter not actually related to rentals.

Howell does not like how many homes are being rented to umm.... people who are "undocumented". They dislike this more than Jews moving in. Many young families are buying and then are renting out the property for 1-5 years before moving in, mainly for financial reasons but sometimes they are waiting for the area to get built up (yeah, it takes time for it to get built up if everyone does this).

They invented this new rule which is completely unrelated to rental laws as a means to prevent people from buying with this intention. It may not hold for the following reason. Say one purchases and lives in a home and then moves and rents out the property, there is no issue with the fact that the loan is a regular residential primary residence loan and not an investor loan. As long as that was the intent at the time of purchase. So they will have to clarify they that won't require investment loans in such a case. Ok, and for instance if one purchases and has every intention of moving in until after they close and after 3 months of planning their decorator advises them not to do the dream extension and instead wait. So they change their mind and would like to rent it out. Now what? Do they have to go back to the bank for permission to rent out the property? Perhaps. Is it the Townships business? Probably not.

This is a grey area. The difference monthly between a primary residence loan and an investment loan averages about .5% percent higher. Not mortgage fraud millions!

What if someone purchases a home and has no intention on moving in for the reason's stated above (lets be honest that's about 99.9% of times)? Seems like black and white fraud to me. Good luck getting mortgage approval when the COI says tenant occupied.

[This is aside for the occupancy violations that come along with renting out a "single family home" to numerous families. Not mortgage fraud but an enforceable violation which can result in evictions].

[Sam 77]

What a coincidence I'm noticing signs all over town advertising a female only taxi service

[cholent]

What a coincidence I'm noticing signs all over town advertising a female only taxi service

Girls high school principals seem to be referring to actual cases of which they're personally aware. I don't see this as a marketing ploy, more like a response to a need that's recently been identified

[knowitall]

Usually I get it a day or 2 after it was sent out. Mail already came and no check, Latest since this new check began.

Did BMG send out this months check yet?

[Sam 77]

Does it makes sense That I just saw the Feds at shoe palace plaza?

[etech0]

Does it makes sense That I just saw the Feds at shoe palace plaza?

Everybody's got to buy shoes sometime

[Chester7]

Did BMG send out this months check yet?

I didn't get it yet, not sure about sent out.

[gmd]

Does it makes sense That I just saw the Feds at shoe palace plaza?

 I was also wondering what the action was all about. Probably this https://thelakewoodscoop.com/news/homeless-man-found-dead-at-camp-at-lakewood-howell-border/

[aygart]

Did BMG send out this months check yet?

Dear Partners,

We are pleased to share that, with tremendous Siyata Dishmaya and thanks to the unwavering support of our incredible partners, the December Kollel check was sent out yesterday—eight days earlier than last month. This early distribution makes a significant difference in the lives of the Yungeleit and their families!

As we communicated last month, the challenge of getting the Kollel check out each month is real, and ensuring it arrives on time can be particularly difficult. In these challenging times, it is nothing short of a Kiddush Hashem to witness how our dedicated partners continually step up to ensure the Yungeleit are supported, and that the Kollel check is sent out as promptly as possible.

This Zman, we reached an important milestone: Yeshiva Beth Medrash Govoha now boasts over 10,000 Lomdei Torah, making it the largest post-high school Yeshiva in the world. With this growth, the number of Yungeleit receiving Kollel checks has also increased. Next month, we will be adding approximately 350 new Yungeleit, bringing the total number of recipients to 5,304 Yungeleit , with a total monthly distribution of $5.4 million.

None of this would be possible without you—our incredible partners. Your commitment and generosity enable us to continue this vital mission.

As we look ahead to January, we humbly ask anyone who can pay their pledge or make an additional contribution to do so, to ensure that the January check can go out on time. Your support, especially now, is essential for the continued success of Adirei HaTorah and the Yungeleit we serve.

Please know that 100% of every dollar contributed goes directly to the Yungeleit’s Kollel check. There is truly no greater zechus than being part of this monumental effort—helping to sustain the epicenter of Torah learning that is transforming Klal Yisroel and beyond.

May this incredible zechus bring only shefa, brocha, and all the brochos that come with supporting Torah.

Please find below a link and the attached payment methods for your convenience.

https://www.adireihatorah.com/partner


With deep appreciation,
Adirei HaTorah

Interesting how they are calling it an "early distribution" because it was earlier than last month.

[Chester7]

Interesting how they are calling it an "early distribution" because it was earlier than last month.

That came today?

[aygart]

That came today?

yup

[Chester7]

yup

[Sammy82]

Interesting how they are calling it an "early distribution" because it was earlier than last month.

Similar to the clowns in NY who  recently said that they were standing up for the working class because they saved them 40% on congesting tolls in midtown by 'lowering' it to $9 from $15.
At least here they spell it out and said compared to the previous month.

[avromie7]

Similar to the clowns in NY who  recently said that they were standing up for the working class because they saved them 40% on congesting tolls in midtown by 'lowering' it to $9 from $15.
At least here they spell it out and said compared to the previous month.

It's actually a big deal, it means they were able to cover the checks in 22 days instead of 40? days for the last one.

[WayBackMachine]

Similar to the clowns in NY who  recently said that they were standing up for the working class because they saved them 40% on congesting tolls in midtown by 'lowering' it to $9 from $15.
At least here they spell it out and said compared to the previous month.

Which explains how electing Avi helped with the tuition crisis, we all got a 40% discount on this year's increase!