Submitted by mad_dog_94 t3_124pbvf in jerseycity
pixel_of_moral_decay t1_je1huw9 wrote
Reply to comment by LateralEntry in Tenants Fight Back As Rents Soar In Jersey City And Hoboken by mad_dog_94
Those buildings are only viable if rents continue to go upwards. If banks had any reason to doubt future trajectory they wouldn’t be financing it.
Nobody invests in something they plan to lose money in, and those buildings are expensive to build and even more expensive in the long run to maintain.
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