I realized recently that Gutenberg is literally like 5 blocks long lmao

There is no one-size-fix-all solution

Buy. Prices would tank and be way cheaper

Only option is at a federal level to massively increase taxes on rented out apartments/houses to disincentivize people/companies from buying investment properties

Most landlords are going to pass the increase to the cost to the tenant. Imagine not only having to pay 30% increase in property tax, but getting fucked with interest on your mortgage

Yes and no. Long story short JC hasnt given out a tax abatement since 2016, terminated some abatements agreements in 2020, and most vary in length from 5 years to 30

> Because it details how these giant corporate landlords have essentially monopolized the rental market using an app

Allegedly. Anyone that ignores the economic factors just has their head up their own ass

Property taxes: ~30% increase YOY

Inflation: 8% increase YOY

Interest rates: 0.25% March 2022 to 5% March 2023

WhY Is ReNt GoInG Up

Dont think you understand the concept of luxury apartments then. No ones moving from nyc to live in a 100 year old walk up, they can get that in brooklyn

They are for comparable units. A new “luxury” 1 bedroom with amenities in JC is going for $3500+, the same unit with amenities in NYC is $4500+

Seems like an amazing way to waste tax payer’s money on lawsuits

The further east the better

Dont forget leg work outs hopping the turnstiles vs walking into the lightrail

I should buy Uhaul stock

Insurance companies exist so you dont have to deal with sleazy jersey city people

What community

Substation #9 in Harrison was constructed and operational in 2 years. Theres no reason this should take 4+ years. We all know the inevitable delays will bring this to 5 years+ and half a billion over budget. Smells like a union job

4 years is a long ass time. Some 60 story skyscrapers in JC were built in than 2 years or less

Near the holland tunnel

> In the last few years, we've seen our rents increase more than 10% a year. That far outpaces inflation.

Only if you believe the number the government is telling you, which is allegedly 6-7% last year. The real inflation rate is probably around 15% or higher. -80% of US dollars in circulation were printed from 2020 onwards. There is absolutely no way inflation is just 6%

Hoboken is just as bad lmao literally all of hudson county has shit aggressive drivers, this is not isolated to JC

> This is a heck of a deal as our lease is until March of 2024

Lmao

Nah, urby gives residents like $20 off rent if they refer someone who signs an apartment

That or she was high as fuck. Refuse to believe someones that stupid

Not sure. I checked out an apartment in one of the older buildings like a year or two ago and they had a one time assessment fee for like 20k to replace to roof. And then there was another assessment fee 2 years prior. Basically a money pit