Showa789 t1_jc744ej wrote
I think the big issue in this article is that it’s only looking at Newark overall. Gentrification is apparent, but only we if we focus on individual neighborhoods like the Ironbound and Forest Hill. Places that at most were asking 1400 for a 2BR near South St are now asking for at least 2400. A house in Forest Hill recently became the first one-family in Newark to sell for over $1 million. It’s a tediously slow process that hasn’t yet spread to other neighborhoods , but it’s happening.
surrealchemist t1_jc7rzev wrote
I think it also makes it harder to judge right now because housing prices are up everywhere. A lot of the construction hasn’t even had people move in either. If it will be locals or people trying to get affordable commuter living remains to be seen but anywhere along a train line the developers seem to build “luxury” apartments.
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