p4177y t1_jef51zz wrote on March 31, 2023 at 3:43 PM

Reply to comment by PracticableSolution in These NJ counties saw the largest population drop as residents migrate to other areas by madrid987

A potential theory: Maybe people with kids moving away to lower cost locations, and housing stock being bought up by DINKs? That would cause both a population drop as well as reduced housing stock.

Nothing solid to go on, more of a hunch...

PracticableSolution t1_jef6pme wrote on March 31, 2023 at 3:54 PM

Anecdotally, I see a lot of people moving to jersey and then getting the cheapest studio apartments they can find in the city for Tuesday morning to Thursday afternoon flopping in hybrid work requirements. It’s really the worst of all possible housing worlds

BeamerTakesManhattan t1_jefdlb8 wrote on March 31, 2023 at 4:38 PM

In many cases, yes. A family of four moves somewhere less dense and cheaper, and a couple from NYC buys their house. Net 2 loss.

Also, a lot of kids moving out of the area after living with their parents, or people who had been living in apartments giving up on finding homes and moving elsewhere.

fasda t1_jefa1zq wrote on March 31, 2023 at 4:15 PM

It's being bought up by private equity like BlackRock. Its actually becoming a problem for them too because thei funds are investing in terrible deals but they kinda have to because they ran out of good deals a while ago.

[deleted] t1_jefr0pd wrote on March 31, 2023 at 6:06 PM

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BadAtUsernames9514 t1_jefl272 wrote on March 31, 2023 at 5:27 PM

It's possible, but that doesn't seem to be showing up in school enrollment statistics, at least as of last school year. Public school enrollment decline was fairly minimal in New Jersey, and enrollment fell in every state, even Florida.