Housing prices are increasing quickly across most of the United States. New Jersey, in particular, has surging home prices which have not only resulted in newcomers to the market not being able to afford a home but also an increase in mortgage delinquencies and even foreclosures. This has led to the real estate market experiencing a large slowdown in this state despite a lower unemployment rate and millennial finally getting married and forming households where the prospects are better. Check out Central Jersey Working Moms for the details.
The shortage in New Jersey housing due to these issues could turn into a true emergency if supply and demand of housing is not better met. The fears are that an unbolting of a surge of new houses for sale on the market could lead to home values plummeting as homeowners desire to quickly sell their home by undercutting other similar homes on the market. There are a large number of vacant homes held by banks that could flood the market if they all start selling the houses in their inventory around the same time.
There are, however, some areas of New Jersey that feature a high level of housing demand coupled with a good amount of inventory. The one trend among these properties is good access to mass transit. Homes that are near mass transit are experiencing steady demand and good values.
Boraie Development is a real estate company with almost 40 years of experience in the New Brunswick real estate industry. They had the foresite to build the condos and apartments they build near mass transit which makes their properties increasingly interesting to millennial and others who want to live in an urban environment.
At Boraie Development they don’t only build residential properties as they also manage them including marketing, sales, and maintenance. They have been creating properties for years which attracted people back to New Brunswick which had been a failing community back in the early 1970’s when the company was formed. Despite people thinking the founder of the company, Omar Boraie, was crazy for building in a city experiencing depopulation he had faith that he could attract people back to the city by building attractive places for them to live and work as well as near mass transit.
Today, Boraie Development has a number of properties in not only New Brunswick but also one in Atlantic City and another in Newark, New Jersey.
See more: https://www.bloomberg.com/profiles/companies/0601263D:US-boraie-development-llc
Secretary of Education Elizabeth ‘Betsy’ DeVos is a native of Holland, Michigan. She’s the daughter of billionaire industrialist Edgar Prince. DeVos attended Holland Christian School and has a B.A. in Arts from Calvin College. In addition to being a lifelong member of Mars Hill Bible Church, Betsy DeVos has also been very active in Michigan politics for decades. She is also a generous philanthropist who through the Dick & Betsy DeVos Family Foundation has donated in excess of $139 million to a variety of charitable causes and organizations. A mother of four, DeVos also has a long history of working on education reform. Check her website for more info at betsydevos.com.
Betsy DeVos and her husband Dick DeVos, the heir to the Amway fortune, created their
Dick & Betsy DeVos Family Foundation in 1989. The foundation gives generously to education, the Arts, community development, leadership and justice. They have also given vast amounts to health research, hospitals, arts organization, Christian schools, think tanks and political causes. Motivated by faith, the foundation works to cultivate leadership and spur innovation and transformation. In 2015 alone, the foundation gave over $11.5 million to charity. Betsy DeVos’ giving has improved life for countless people.
Since she was old enough to vote Betsy DeVos has been a registered Republican. She has also worked hard in support of the Michigan Republican party beginning in 1982. DeVos was elected precinct president 16 times in succession. She was also Republican National Committeewoman from 1996 until 2000. A tireless fundraiser, Betsy DeVos helped President George Bush in his 2004 re-election efforts by raising $150,000. An excellent behind-the-scenes organizer, she has also worked to promote and support a number of other Republican candidates and issues important to the party.
Decades before Betsy DeVos ever considered running to become Secretary of Education of the United States, she had been working to improve education on a grassroots level. Her focus has always been trying to ensure every child has access to the best quality of education possible. Her support for education reform in Michigan is legendary. She is a proponent of school choice, the voucher program and charter schools. She sees them as proven ways to improve the quality of education children in economically disadvantaged communities receive. Between 1999 and 2014 the DeVos Foundation had donated over $8.6 million to support education. Visit Betsy’s profile on Twitter.
As a mother, Betsy DeVos understands the importance of quality education in framing the minds and lives of children. It’s something about which she is very passionate. She has spent decades working to improve the quality of education children in her home state of Michigan receive. While many people simply talk about education reform, Betsy DeVos has put her time and money into making it a reality.
George Soros is undisputedly a man of means. The hedge fund manager from New York continues to wield wealth and political power. From the mid-1980’s he has utilized his resources to help reshape political landscapes of nations across the globe. In most cases, he has helped re-align political leadership in various countries. Information in the public domain has it that, George Soros influences the American political landscape more than any other person alive. Read this story at Politico about George Soros.
Soros boasts of a billion dollar empire that is under his name. Conservative estimates peg his personal fortune at a colossal $13 billion with an additional $25 billion in investor’s assets under the management of his investment firm, Soros Fund Management. He is driven by the urge to transform societies and institutions and views his role as that of a messiah.
George has authored several books that provide a glimpse into his life and what defines him. The Alchemy of Finance and Underwriting Democracy are books that portray him as an outspoken person who’s full of grandiosity. His goal in life, being nothing else other than the sense of what’s right in the society.
At an early age, George Soros made a significant finding. He realized the power of money in making the world run. After making a fortune for himself, Soros has now devoted his energies to solving some of the most intractable social challenges affecting people around the world. Social justice is his guiding principle as he trudges on to achieves his vision of making the world a better place.
Read more: https://www.project-syndicate.org/columnist/george-soros
Soros is of Jewish descent and was born to Tividar and Erzebat Schwartz in the Year 1930. His father was an attorney by profession, but his real passion was in promoting Esperanto, an artificial language that was intended to promote cohesiveness throughout the world. Tivadar, later changed his family name from Schwartz to Soros which means the one who will soar.
In the wake of the occupation of Budapest by the Nazis in 1944, his father decided to separate the family so as to increase the chances of at least one member surviving to carry along the family name. Soros today remembers this experience has a blessing in disguise and probably one of the happiest years of his life. The experience taught him to believe in himself against any adversary. During the period of the war, he could see a lot of suffering around him but thought that he would survive.
George Soros takes an active role in philanthropy through his Open Society Foundations. The organizations borrow from the concept of Karl Popper that seeks to build accountable democracies in which leaders account to their citizens. From the year 1987, when the foundations started their operations, George Soros has been able to disseminate millions of dollars to charitable causes. Read more on NYTimes.com.