Submitted by paul-e-walnts t3_125166v in jerseycity
dooster t1_je2wkyr wrote
There are some absolutely clueless and vitriolic folks active in this subreddit. It makes me want to unsubscribe.
The ONLY viable way to decrease rents is to aggressively increase the supply. It is basic supply and demand. No one builds 40-year old “cheaper” buildings. Those come around when newer buildings come online and create competition (aka lower rent) for the older product.
Clowns in this subreddit knock downtown development but they should be looking for ways to have 20x the development if they really want rents to drop. If you want the young professionals not to be “transient” and actually stick around to raise their families, resi projects should encourage 3-4 bedrooms (instead of actively discouraging them) and all the money / taxes they are spending in JC (that you’re complaining about) should be directed to viable schools to accommodate them.
objectimpermanence t1_je33e3b wrote
It is discouraging, but when you pay attention to these threads you’ll notice that it’s usually the same handful of people continually spouting BS no matter how many times their false claims are debunked.
These people employ the same cheap rhetorical tricks as Trump supporters. And it works because they are appealing to people’s emotions. And it is much harder to debunk lies than it is to make fact-free statements that are meant to rile people up.
jcnative t1_je3bhl7 wrote
The problem with this is that JC has built more new supply than any other city. We are the poster boy for new development. Instead it made the city nicer and somehow more desirable?
moobycow t1_je56hel wrote
The sad fact is that, no matter what JC does, it can't fix a regional housing shortage. JC can't fix the problem, only nibble at the edges a bit.
dooster t1_je70gy6 wrote
I can’t tell if you think being nicer and more desirable is a good or bad thing?
Regardless of whether you’re being sarcastic, it is asinine how many JC posters think JC getting nicer and more desirable is a bad thing. It should be the paramount goal of any city to get nicer and more desirable.
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