Unstable property values bring stress and new opportunities

Our local property values at the bayshore peaked in 2006 and took a big dive since then. (The chart produced by Zillow below doesn’t even show the largest declines before 2011). I’ve worked on a few projects for investors over the years and each is shocked to see the data.

Taking all the available long term data as a whole, it is clear that each event we’ve lived through: the financial crisis, changing government procedures, Sandy and buyouts have all had a clearly identifiable impact on property values here. The more recent sale data swings are interesting and not so easily explained.

The scariest part now is that over 40% of homes have negative equity (compared to 8% nationally), and that’s only on bank loan balances, not unrecorded environmental compliance liabilities that are HUGE in many waterfront properties.

Yet the many challenges bring just as many opportunities. I’ve found that some people are eager to tackle it and others just don’t want to talk about it and prefer to just deny what’s going on. But the smarter investors extrapolate the data to forecast other impact.

Baysave 2019 federal and state charity filings

Baysave Association has completed federal  501 (c )(3) charity and a New Jersey state registered charity for the year ended December 31, 2019. 

This is sooner in the year than most charities file their information returns and annual registration, but I like to get this one finished before handling the annual filings for my more complicated nonprofit clients.

The best way to find information about a New Jersey charity is to use the Division of Consumer Affairs web site. The site includes both federal and state filings but it takes a while for them to update the most recent years.

Xspero network now includes 120 South Jersey businesses! Please join

Last year Baysave became joined as an Xspero charity beneficiary and promoter after introduction through the Millville Chamber of Commerce and the Vineland Chamber of Commerce. In short, Xpero is a cell phone based service that promotes local businesses and financially supports local nonprofit organizations. I found that Xspero is a great business with strong people and a great concept. But I suspected that it would take them a long time to reach ‘critical mass’. Yesterday Xpero announced that their network has grown to 120 local merchants. We see that many of our local favorite merchants are included.

Baysave is pleased to be an Xspero affiliated charity

We are asking you to please do two things:

  1. Download the Xspero app on your phone and name Baysave as your designated charity.
  2. Check out the list of merchants and make a $25 purchase on your phone in advance of your visit.

This was their email announcement yesterday:

“XsperoTM is growing everyday thanks to supporters like you! We now have more than 120 south jersey businesses in the Xspero Network!

Don’t forget to shop within the Xspero Network, because 20% of your Xspero purchases goes to Baysave Corporation!

Finding new favorite restaurants, salons, auto mechanics, and more are an added bonus to making purchases you can feel good about!

Check out our updated list of great Xspero Merchants below and don’t forget to turn your phone’s notifications to on and your location sensor to always allow in order to get reminders to use Xspero when you’re at or near one of these excellent local merchants!

Check your Xspero app for new merchants often!”

Merchant Address Town
The Piccolo Cafe 3569 E Landis Ave Vineland
Pizza Queen 1383 South Main Road Vineland
Golden Palace Diner 2623 S Delsea Dr. Vineland
Outlaws Burger Barn & Creamery 1370 S Main Rd Vineland
Health Foods Plus, LLC 502 E. Landis Ave #B Vineland
Vann Auto Group 899 South Delsea Drive Vineland
Salon Millennium 1881 S Delsea Dr Vineland
Wall Pro Paint 2832 Dante Ave Vineland
Anny & Melissa Multi Services LLC 541 E. Landis Ave Vineland
South Jersey Landscape Supply 1363 South Delsea Drive Vineland
Pure Aire 920 N. Delsea Drive Vineland
South Jersey Shirts 2242 S. Delsea Drive Vineland
Parrish Sign Co., Inc. 2242 S. Delsea Drive Vineland
Maplewood III of Vineland 200 N. Delsea Drive Vineland
Main Auto LLC 2515 S. Main Road Vineland
BH Furniture 585 N. Delsea Dr. Vineland
Merighi’s Savoy Inn 4940 Landi Ave Vineland
Mary’s Hallmark 3600 E. Landis Ave, Ste 16 Vineland
The Greenview Inn @ Eastlyn Golf Course 4049 Italia Ave Vineland
Al’s Shoes 639 E Landis Ave Vineland
Back To The Juicer 714 E. Landis Ave Vineland
Brass Frog Photography 742 E. Landis Ave #1 Vineland
T & F Camera Shop 1362 S. Delsea Dr. Vineland
Juvante Formal Wear 735 East Landis Avenue Vineland
Budget Muffler and Car Care Center 4 N. 8th Street Vineland
Five Points Tuckahoe Rd & Landis Ave Vineland
Tri City Products 2192 S. Delsea Dive Vineland
Cilantro Mexican Restaurant 523 E. Landis Ave Vineland
Salon Fabrojae’ 782 Brewester Rd Vineland
DNS Solutions 2898 S. Main Road Vineland
Anytime Fitness 301 S Main Rd Ste D5 Vineland
Steven L Rasner DMD 2106 W Landis Ave Vineland
Dominick’s Pizza 1768 S. Lincoln Ave Vineland
Dusharms Pro Footwear Inc 8 N. Main Rd Vineland
Uncle’s Garage 1016 S. Delsea Drive Vineland
Diamonds & Design 1181 E. Landis Ave, 1183 Vineland
Peace Love Yoga 3722 E. Landis Ave Vineland
Eagle Mobile Electronics 759 N. Delsea Drive Vineland
Bagel University 1406 S Main Rd Ste 3 Vineland
LaTorre Hardware 1607 S. Delsea Dr. Vineland
The Spot 618 E. Landis Avenue Vineland
Tuckahoe Bike Shop 2151 Rte 50 Woodbine
D & M Discount Fuels 49 Remsterville Rd Woodstown
Matteo Kitchens 20 Old Salem Rd Woodstown
Morroni Custom Clothing 138 Gentry Drive Swedesboro
Sal’s Coal Fire Pizza 501 N New Road Somers Point
Suffolk Stables 1418 Old Indian Mills Road Shamong
Mathnasium Math Learning Center 141 Tuckahoe Road Sewell
Educational Technology Professionals, LLC Salem
Lisa’s Place 957 Main St. – Canton Rd Salem
Tuckahoe Bike Shop 2151 Rte 50 Woodbine
Niblocks Pork Shop 94 Quinton Marlboro Rd Quinton
Forty Embroidery & Design LLC 389 Harding Highway, Ste 8 Pittsgrove
The Find Shops 1207 U.S. 40 Pilesgrove
Sharon Kay Flooring Concepts 194 N. Broadway Pennsville
Preferred Termite & Pest Control 194 N. Broadway #2 Pennsville
Upper Sandwiches 1222 Route 9 South Palermo
Route 50 Trading Post 67 Route 50 Ocean View
Teresa D’s Bruncheonette 3075 North Route 9 Ocean View
Abella Salon & Spa 601 E 9th St Ocean City
La Cucina Ristorante 1205 Tilton Road Northfield
The Honey Tree 331 Tilton Road Northfield
Naomi’s Cafe 801 Tilton Road Northfield
Cedar Rose Vineyards 431 Kenyon Ave Millville
Bogarts Bookstore & Cafe 103 N. High Street Millville
Colonial Flowers 311 N. High Street Millville
Mike F Business 600 G Street Millville
Positivly Parties 1101 Cedar Street Millville
Andrea Trattoria 16 North High Street Millville
Darryl Barnett Photography 336 Reick Ave Millville
Philly Pretzel Factory – Millville 2132 North Second Street Millville
El Guacamole 110 N. High Street Millville
Old Oar House Irish Pub 123 N. High Street Millville
Wildflower Vegan Cafe 501 N. High Street Millville
BJ Roasters 233 N. High St Millville
Millville Nutrition 10 E. Main Street, Suite D Millville
Pampered Pup Luxury Pet Resort 2709 Mays Landing Road Millville
Pets Plus 4450 E Black Horse Mays Landing
Shore Clean Auto Care Center 452 Route 9 South Marmora
Ernest and Son Sub Shop 2110 New Road Linwood
Tacocat 2110 New Road Linwood
BC Hair Salon 203 W Delaware Ave Landisville
Reyes and Shine Office Space 240 S White Horse Pike Hammonton
Erco Interior Systems 32 N. Delsea Drive Glassboro
Games on the Go 116 Green Ave Glassboro
South Jersey Florist & Gifts 191 S New York Road Galloway
4 A Star 75 Iroquois Drive Galloway
McGettigan’s 19th Hole Tavern 500 South New York Road Galloway
Atlantic County Harley-Davidson 219 East Whitehorse Pike Galloway
Highland Carpet 1736 Dutch Mill Road Franklinville
Triple Oaks Nursery & Florist 2359 Delsea Drive Franklinville
Elmer Door Company 465 Rt.40 Elmer
Joe’s Butcher Shop 711 Gershal Ave Elmer
The New Dodges Market 55 Chestnut St Elmer
Voros Plumbing & Heating Supply P.O. Box 789 Elmer
Fred Harz & Son, Inc 26 Chestnut St. Elmer
Stir it Up 6825 Tilton Road Egg Harbor Township
Atlantic City Sub Shops 6825 Tilton Rd Egg Harbor Township
Your Chiropractor Inc. 6825 Tilton Road Egg Harbor Township
Deltona Tires 6700 Black Horse Pike Egg Harbor Township
Viet Pho 1500 Almonesson Rd Deptford
SEK Productions 1920 Kennet Ct. Cherry Hill
Music Stop 1027 Route 9 South Cape May Court House
Jarett Mutts Photography LLC Camden
Sidelines East Sports Bar 1202 Tuckahoe Rd Buena Vista
Richland General Store 1275 Harding Highway Buena Vista
The Pickwickian Tavern & Smokery 1252 Harding Highwa Buena Vista
Bellview Winery 150 Atlantic street Buena
Muncie Restaurant and Bar 528 N. Harding Hwy Buena
Cordivari’s Restaurant 3004 W Brigantine Ave Brigantine
Lairsons Electronics 1036 N. Pearl Street Bridgeton
Kat’s Kreations 2 Cassidy Court Bridgeton
Russell’s Automotive Sales & Service Center 712 Landis Avenue Bridgeton
Everfresh Salads 2 Cassidy Court Bridgeton
Dutch Country Meats 2 Cassidy Ct Bridgeton
Giovanni’s Collision Center & Recovery 531 E Commerce St, Bridgeton
D – Lee’s Deli & Cheese 2 Casside Ct. Bridgeton
Dusty’s Custom Auto Detailing 875 N. Pearl St Bridgeton
Tommy’s Auto Repair 875 N. Pearl St. Bridgeton
Atlantic City Cruises 800 N New Hampshire Ave Ste 6 Atlantic City
Vagabond Kitchen & Tap House 672 N. Trenton Avenue Atlantic City

How innovation impacts the bayshore

The primary factor influencing future use of the bayshore is evolving technology. Baysave operates under these four principles:

1. We don’t know what we don’t know.

2. We act as through all of the good stuff has already been invented.

3. The technologies for stabilizing, restoring and utilizing our bayshore are yet to be invented.

4. It takes too long and is too expensive to change or deal with government regulation so we focus on innovation that does not require government approval.

Response to 2019 NJDEP Annual Report of Division of Fish and Wildlife

The New Jersey Department of Environmental Protection recently published its 2019 annual report, available at https://www.njfishandwildlife.com/pdf/2019/ann_rprt_2019.pdf.

This response was sent to the Commissioner via email on January 14, 2020.


Catherine R. McCabe, Commissioner
State of New Jersey
Department of Environmental Protection
Division of Fish and Wildlife
Mail Code 501-03
P.O. Box 420
Trenton, NJ 08625-0420

Dear Commissioner McCabe:

I read with interest the ” Fiscal Year 2019 Annual Report for the Department of Environmental Protection’s Division of Fish and Wildlife covering July 1, 2018 to June 30, 2019″. The report includes your opening comments: “I encourage you to read this report and learn about the great work the Division of Fish and Wildlife does.  I also encourage you to get outside and experience what New Jersey has to offer.” We thank you for your leadership and support of the Division.

It is especially  encouraging to read that one of your three stated goals: “To maximize the recreational use and economic potential of New Jersey’s fish and wildlife for both present and future generations.” Yet we notice that this annual report has some significant omissions, at least from our perspective as resident users of state resources here on the Delaware Bay.

Two of those issues are summarized below:

BLUE CLAW CRABS

New Jersey has a vibrant commercial and recreational crab industry. This fishery is not mentioned at all in the annual report. We fear that this implies that the industry’s critical issues are not recognized or being addressed at the highest levels of appropriate government. In fact, that seems to be the case: management reforms seem to be stalled.

It may be important for the NJDEP to note these significant issues about our state’s crab industry:

  1. We enjoy a sustainable blue claw crab stock.
  2. The blue claw crab fishery  is supported by local research including Rider University’s accomplished professor Dr. Paul Jivoff.
  3. Blue claw crabs are one of the few New Jersey commercial fisheries species expected to thrive and expand under the forecasted changing water conditions ahead.
  4. The last blue claw crab research sponsored and promoted by a NJDEP report was produced more than a decade ago (https://www.nj.gov/dep/fgw/bluecrabresearch.htm) and does not likely reflect conditions today.
  5. The commercial crab harvesting industry continues to face difficulty with the state’s harvest licensing program that remain unresolved and stalled within NJDEP despite the best efforts by the state legislature. In short, more than half of the state’s licenses are “parked”, not being used but held as a potential future financial asset. This protects the status quo, established larger harvesters, but creates a bottleneck for younger prospective watermen in the efficient distribution of licensees in areas that could otherwise benefit from sustainable increase in harvest.
  6. Unrelated to state management per se, the New Jersey blue claw crab industry is going through a period of change after the industry’s largest regional wholesaler died in 2019. This enabled some smaller crab harvesting businesses to begin exploring a dock-to-table vertically integrated expansion. Dock-to-table is generally recognized as a way to increase economic value of the fishery, along with several other benefits. It may be in our best interest to support this industry in this opportunity.

Recreational oyster harvesting

Recreational harvesting of oysters is not mentioned in the report. While we notice anecdotally an increased public interest in the hand tonging of oysters, there appears to be no state data to reflect this. The 80 page report on the “Stock Assessment Workshop New Jersey Delaware Bay Oyster Beds (21th SAW) February 12-13, 2019” (https://hsrl.rutgers.edu/SAWreports/SAW2019.pdf) does not mention the recreational oyster industry, and, as far as we can tell, does not include any sampling of stock from areas open to recreational harvest. Part of the reason is that Delaware Bay oyster stock in publicly available harvest areas has declined despite an overall increase in oysters in private lease and commercial harvest management areas. We believe that recreational oyster harvesting could be a wonderful area of expansion of outdoor enjoyment if encouraged by the state.

We welcome the opportunity for continued dialog with NJDEP, especially on these issues that are so important to our bayshore communities.

Sincerely,

Tony Novak, Controller
tnovak@bayave.org

Baysave Association
228 Nantuxent Drive
Newport NJ 08345

Baysave Recognized as a New Jersey Sustainable Business

Small businesses across New Jersey are starting to save money, share their successes and inspire other businesses by implementing sustainable business best practices. Joining this list of small businesses, Baysave located in Millville, New Jersey, became one of the first businesses in the state to be recognized as a New Jersey Sustainable Business.

In August of 2014, the New Jersey Small Business Development Centers (NJSBDC) launched the New Jersey Sustainable Business Registry. The registry is an Internet site where businesses that have implemented sustainable business practices can register their achievements and be recognized.

Baysave first achieved recognition for work stabilizing the bayshore community of Money Island. Their living shoreline stabilization efforts resulted in the reduction of erosion that resulted in substantial savings of dry land. Recent efforts include coordination of government programs and commercial fishing operations to promote economic stability.

Baysave’s business listing and programming records are available at http://registry.njsbdc.com/business-profile/459/483/baysave .

For more information about the registry visit: http://registry.njsbdc.com/
For more information about Baysave Association visit: www.baysave.org

The Disaster After the Disaster

Halloween evening, seven years ago tonight, I was on the phone planning a return trip to check on my home and business on the New Jersey Delaware bayshore wrecked by superstorm Sandy. I knew that we would rebuild and recovery from the physical damage. That’s what we do. We are a tough resourceful community.

What I didn’t know then was the extent that government would go to hinder our recovery with blatant fraud, extortion, opportunism and conflicting personal agenda of bad actors at all levels of government. Those of us at the lowest level of income and opportunity were victimized a second time by post-Sandy government. The struggle for environmental justice continues today.