You are the one who is arguing that the basic rules of supply and demand somehow don't apply to the housing market.

I work in finance. My work touches the real estate industry pretty closely. I know for a fact that certain people and institutions have made a ton of money because they identified the supply-demand imbalance in the housing market and figured out how to exploit it to their benefit.

I have been in meetings with housing strategists and investment professionals at large institutional investment firms. If I told them that there is zero correlation between housing supply and housing prices, I would be laughed out of the room. These are people who spend their days analyzing a dizzying array of data about the housing market.

I am not saying that the conclusions of these people are 100% accurate 100% of the time, but there is an overwhelming body of evidence to support the theory that housing prices are a primarily a function of supply and demand and that that the primary reason for escalating housing prices in this area is due to a shortage of housing units.

You are denying basic facts. You are just as bad as the anti-vaxxers who think they are better equipped than actual scientists to make evidence-based decisions.

I am done arguing with you.

Somebody already did this some years ago, recording cars blowing past the STOP sign at an intersection by VVP and posted the video to YouTube. It actually included a police car driving through the stop sign while the officer had his face buried in a phone.

What is the meme verison of JC cops not caring about dangerous motorists? I really want to get traction/visibility on the issue ala "LUXURY" HOUSING, and the cop scenario comes up enough where we need the shorthand

At least an hour before but probably more if you don’t have pre-check. If you are taking an Uber or Lyft I would schedule a ride in advance and give yourself about 20 min of travel time during non rush hour traffic

Yep, same. We always ordered - somehow we never made it there to eat in.

>That explains why real estate is so pricey in Nassau County, but it doesn't explain Jersey City, which is a completely different market.

Not at all. JC is only 250k in a metro of 20m. Squeeze the balloon in Manhattan and some people pop up in Maplewood or Manhasset but others pop up in JC or Brooklyn. Different segment of the same market.

Bummer, that’s our go-to when we want both sushi and cooked Japanese food takeout. Will have to order tomorrow night!

That explains why real estate is so pricey in Nassau County, but it doesn't explain Jersey City, which is a completely different market. The suburbs are full of people who buy a house because of the school district it's in and the low density. There are also lots more people who would buy/rent an apartment in that district (The whole "Slums of Beverly Hills" thing), which is what the NIMBY's out there are trying to stop. Kill the great student/teacher ratio and they're not such nice, suburban schools anymore. Build too many apartment buildings and it's not even the suburbs anymore. That's not such a concern in JC as people move here because of the high density and (obviously) not the school district. If somebody's not building here, it's because they've decided not to for now, they don't have the money, or because the JC gov't doesn't think multi-million dollar town-homes qualify as blight for eminent domain. I suggest bribing them. They're pretty corrupt.

Also, the Citizen's Budget Commission may be "nonpartisan", but that just means it's not affiliated with a particular political party. But, their chair is from SKDK, a media consulting firm that works with Democratic politicians, so not really that non-partisan. Also, their board is primarily made up of people from banks, real estate developers, and construction companies. In other words, people who have a vested financial interest in building more high-rises. So, take everything from them with a grain of salt.

Precisely how rent control in response to a housing crisis during world War II has resulted in a continuous housing crisis for the past 80 years.

THe people that downvoted you are morons.

As a progressive I fight for higher wages, universal healthcare, affordable daycare and mandatory paid vacations and sick days for all. I also realize that we need to build a ton of housing, and as you say, not just anywhere, but where people need and want to live. That is the only way we can solve our housing price crisis.

Well if it means that much to you…

Incorrect. You have to build enough units to equalize supply and demand.

This isn't rocket science. But it is to dictators that want to rule land like fiefdoms and keep oppressing the middle and lower classes with these insane housing prices due to a huge supply gap.

How about at 46th Street near Madison Avenue? It's 20 minutes away from PATH...

A place at Madison Avenue and 46th Street is a 20 minute walk to PATH and that would get me to pay $3500 for a 1 bedroom.

Perhaps it is time to start intentionally damaging these vehicles?

I live on Jersey and have had several similar experiences, they should put big sharp speed bumps in the middle of all the intersections.

I want to. Something tells me id end up getting shot or arrested for trying to steal peoples dogs though

As someone who lived in one of those buildings until this week, no amount of amenities can justify that price. We had a rooftop pool, TWO gyms, study space, lounge space, w/d in unit, etc and while for the first few months it seemed worth it, long term it was horrendous. Doesn’t matter how many amenities you have if the actual apartments are badly built and small and after a year the building raises your rent $500 more.

That’s a good point! Did I hear you volunteering to go take away their dogs and rehome them?

A couple hours ago I saw a truck go straight through a red light and almost run over a dude who had just stepped into the crosswalk. Better still, a cop had the green light, turned right behind the truck, had an easy opportunity to do something about it, but didn’t do shit.

Dog owners feel cheated out of the annual “because there’s snow I can leave my poop on the sidewalk and it’ll be covered” phenomena. So in rebellion against nature itself they’ve decided to behave like there IS snow.

Not to mention the bagged poop in little packages the color of green or purple sadness, carefully twisted closed then tossed WHEREVER a minimal amount of effort will deliver them to.

I remember being happy about this place opening and thinking its a nice addition to the neighborhood, and then I never went, so I can't say I am surprised.

Somewhat unfortunate, but that seems like a pretty big space so hopefully something good will replace it.

Socialists do not understand economics whatsoever. Artificial government controls create artificial scarcity which leads to higher prices.

Yes yes, good luck with your day Karen. Hope you make it off your island.