New Jersey is a special state. Its sandwiched in between New York and Pennsylvania. With that you have a lot of people that operate in all states and commutes from Jersey. Though, the state has had problems with its economy and poverty issues. Another issue the state can add to the list is expensive real estate. New Jersey is one of the most densely populated states in the country but the economy has suffered. It doesn’t have a super industry with Southern California and New York. A lot of the citizens are working blue-collar jobs where they can’t afford apartments. The information was published through centraljerseyworkingmoms.com.
Unfortunately, Jersey has one of the highest foreclosure rates in the country. Now this isn’t a surprise to the mayors of Jersey City and Newark, reveals Wall-Street Journal. They have dealt with the issue of years with expensive real estate in lose-lose situations. The real estate agencies can’t profit when they can’t afford to price their properties for a lower price and no one can afford it. Some are hopeful for the future and many determined individuals have proposed bills that help people that are earning a lower income. With the right decisions and funding any problem can be solved in New Jersey.
The problem is with the wealthier citizens of Jersey. In order to help people in poverty, the government has to establish programs to help people. To pay for these programs, it comes in taxes. The wealthier people in the state don’t want to pay these taxes and are willing to move out of the state. Also, some of them disagree with the reasons for them paying more money. Some citizens will become prideful and decide they don’t want to help other people that are struggling in Jersey. The recession of 2008 is still hitting the economy in Jersey to an extent.
Boraie Development is a real estate company established by Omar Boraie dedicated to serving clients with nice locations. They offer a lot of services such as property management and marketing. They believe they work with the strongest financial institutions. Their goal is to create a better environment for the market.
Former superstar athlete Shaquille O’Neal went back to his hometown of Newark to help Boraie in a development partnership. For these concepts, they have not been seen in Newark in over a century. With others they will grow and claim their title as the best real estate company in Jersey.