Recent comments in /f/jerseycity

objectimpermanence t1_j6bjreb wrote

Whoever owns those units don’t seem too desperate to sell. The asking prices on those units are still very near the top of the market in terms of $/square foot, yet the finishes are just a step above ordinary. The neighborhood isn’t that great either. Lots of construction around and kinda desolate at times.

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sunnysmileyleo OP t1_j6bhe1d wrote

Thanks fellas! Appreciate all the responses and I think after digging a little more into this, although I would enjoy the pretty views from the unit and the lovely board walk, I think I will have to take a pass on this. If the fees are a 100 bucks or something that’s one thing but if they want to milk 500+ all the time, that would be $30k in 5 years and a rip off for sure.

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PrincipleOfMoments t1_j6basik wrote

Reply to comment by MarieSkiis in Port Liberte by sunnysmileyleo

For whatever it is worth to the OP, the $250k number cited above is completely inaccurate. While there may have been recent assessments, and there may be assessments levied in the near future, nothing close to that number has ever been assessed or is being contemplated. It is a totally unfeasible number. Think about it - how many unit owners could even come close to affording that? And an assessment that no one can pay is worthless.

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mooseLimbsCatLicks t1_j6ba7aa wrote

Bombay vada house has vada pav which is basically a samosa sandwich. That’s a good one

Also, Trader Joe’s and prime market both have frozen Indian flavored veggie burgers which are dynamite.

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MarieSkiis t1_j6b22zn wrote

Beautiful homes, poorly built, annual assessments. A friend-of-a friend’s was assessed $250,000. It’s ongoing as plumbing is being completely replaced. We would do well to rent there (it’s cheap) and save up for a better situations. As others have mentioned. The storms, the river, the poor construction quality, etc.

#BuyerBeware

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Cuprunnethover2022 t1_j6b075u wrote

I love that place...it's SO pretty and affordable and parking and...well it seem like heaven. That's until you dig deeper into the age of the buildings, the damage from Sandy, the possibility of it happening again, the proximity to the angry Hudson River in the wrath of Mother Nature who hates us (and for good reason). The flood insurance will only go up and up, the buildings take a huge beating from the waterfront location and the apartments are mostly pretty old and need updating. I'd rent there for sure, but purchase? Money pit for sure.

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