Recent comments in /f/jerseycity

russokumo t1_j9jxcp8 wrote

Alas this is how capitalism works. You squeeze and get higher margins anywhere you can.

Interest rates were the other huge driver. Many other portfolio buildings for these owners are commercial properties on floating rate debt that they are deeply underwater on. So they're probably trying to make up for it where they can.

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Jctexan t1_j9jx8b5 wrote

West Bergen is a good investment. Proximity to light rail as well as the TON of new developments coming to the Westside and to 440, including Bayside makes the area a good bet, IMO.

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3/2 rents should go for $3k for a new build with washer/dryer.

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cmc t1_j9jx649 wrote

Ummm which Boston university has 346k students? Philly? Or are you counting every single student in the city, each in different institutions with different privatized security companies?

Anyway that's not my overall point- I don't personally (again- my opinion) believe that CITY SERVICES should be privatized. My opinion. Universities being used as a comparison point was as I said before- apples and oranges. We can keep going down this rabbit hole but as I said before, we're comparing a private institution with a city. And my actual overall point is there's a lot of corruption in JC government and money isn't being properly allocated, and it's (AGAIN MY OPINION) that this should be fixed rather than hired out. You're welcome to disagree. Cheers.

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Informal_Bat_722 t1_j9jw1ju wrote

Boston has 346k students, Philly has 342k students. Almost every college institution in America has privatized security. Ergo, all of these students are covered by privatized security.

edit-- mind you, this privatized security isn't EXCLUSIVELY for students but staff and others are covered as well

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Informal_Bat_722 t1_j9jvoko wrote

Do you work in the real world?

When there is an issue with ADP, Workday, Paychex, etc. that are all privatized SAAS payroll systems the control failure is on the company itself and how they instituted the software.

>He said the police had a number of special units that made use of a finger punch system, confusing the software since many officers were punching in from places other than those anticipated.

Source

This isn't an issue with the software, but how it was set up by Jersey City officials.

edit:

I further think you lack the wherewithal of reality to boast that something isn't working because of a handful of cases amongst tens of thousands of instances of it working properly, while all of these exceptions of it not working occurred at the onset of this software being implemented.

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OpinionJuice t1_j9jvfzn wrote

Something of note here is that living in NYC would mean also paying the 4% city tax on income. $3200/month in Jersey City is therefore a little more affordable than $3200/month in NYC proper. Still, I agree with your point about cultural differences between Jersey and NYC.

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chazthetic OP t1_j9jtr82 wrote

I regret not buying as well. I agree with you about the trajectory of JC, but the unfortunate truth is the price increases right now feel like price gouging, the same kinds of price gouging we saw with groceries, gas, etc over the last few years.

I doubt the rising costs of an apartment were solely due to the costs of managing a building, and rather the desire to simply squeeze more and more out of the customers.

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