Recent comments in /f/jerseycity

Miringanes t1_jcloiqt wrote

Reply to comment by Index_Positive in VYV Rent Increase by Index_Positive

I learned from my management company that the two year vs one year option is highly dependent on how many leases are on the same cycle. They basically don’t want a whole bunch of leases coming up at the same time so software optimizes the spread and will let them know what duration they should offer.

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Jahooodie t1_jclmvnx wrote

Reply to comment by njkid30 in VYV Rent Increase by Index_Positive

In before people become nastalgic for the good old days of the shoprite- you know, before the oligarch wars, COVIDSV 37 pandemic, and the climate change levy system blocked the views

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JeromePowellAdmirer t1_jcllkpq wrote

Reply to comment by Maleficent-Baby-1926 in NY Post: North Jersey Hottest Rental Market in the US by Whole-Campaign89

Visible terms = the competition when you tour an apartment

Economic terms = where people would want to live if money and supply wasn't an obstacle, but it is, and Manhattan rents are too high for many people to qualify, automatically eliminating a bunch of bidders. But be assured, if they could qualify, they'd be applying there before here.

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Knobbies4Ever t1_jclfhv1 wrote

Reply to comment by nuncio_populi in DEP chief says no privatization of Liberty State Park, "period, full stop." by mikevago

Tru dat. But I don't think this is a case where Murphy has to approve this specific DEP plan - the way he'd sign a bill. Control over DEP comes through initially appointing a leader who (presumably) aligns with his agenda, and then having the ability to fire (or threaten to fire) that person.

Maybe I'm splitting hairs with that distinction, but I understand now why LaTourette kept his head down when Fireman's proposal came through the legislature last year.

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JeromePowellAdmirer t1_jclf56d wrote

Reply to NY Post: North Jersey Hottest Rental Market in the US by Whole-Campaign89

They're more in demand in visible terms, but in economic terms demand is still higher in Manhattan. If Manhattan was as cheap as here, they'd be #1 on this metric by far.

As for the JC rents higher than NYC thing, no one ever brings up composition effects. Let's say you go from 2000 old units and 2000 new units to 2000 old units and 3000 new units with no changes in the rent of the actual units themselves. "Jersey City average rent" will still go up even though the exact same number of old units at the same price are still available.

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Anonymous1985388 t1_jclbghl wrote

Reply to comment by HobokenJ in DEP chief says no privatization of Liberty State Park, "period, full stop." by mikevago

I don’t even know what Downtown JC used to look like pre-WW2. Now it’s all luxury housing towers but maybe there were some historic buildings that used to stand in downtown JC. I guess the history/architecture was torn down by developers so that they could build luxury housing. Hopefully Journal Square can preserve some more of the old architecture during their growth phase.

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