Recent comments in /f/jerseycity

djn24 t1_je2ectc wrote

More supply has to be built, but it also has to be built outside of one particular area.

Hudson County in NJ and some of the other surrounding NJ counties, plus Long Island and some of SW Connecticut have welcomed the urban sprawl from NYC.

However, north of NYC along the Hudson River has pushed back for too long. I grew up in that area, and they can easily handle significant increases in population. It's unreasonable to be within commuting distance of one of the largest cities in the world and think that your community should stay practically rural for over a century. They need to gradually start accepting the sprawl and realizing that the rural was great while it lasted, but it's no longer sustainable that close to the city.

And I'm saying this as somebody that loves the Hudson Valley. It just doesn't make sense that the mid-Hudson valley is still so sparsely populated while there is a massive housing crisis closer to the city that's ready to blow up.

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Byzantium-1204 t1_je2dtzv wrote

This is better than watching General Hospital or Days of Our Lives. One big Soap Opera. The evil villain has yet to be unmasked. Maybe in tomorrow s episode.

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Ilanaspax t1_je2dpr1 wrote

It is insane they needed to make an ad campaign when NYC is right there. Kind of makes you wonder why they did it doesn’t it?

So crazy how our only solution to the housing crisis is making it so only rich transplants can afford to live here and existing residents relocate and enjoy none of the “improvements”.

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objectimpermanence t1_je2bmzy wrote

This is a great reminder that capitalism is not the same thing as a free-market system.

We live in a capitalist country, but hardly any part of our economy operates in a free market. The housing market in particular is heavily distorted by regulation, for better or worse.

We are in a problem of our own making. High housing prices are a symptom of poor policymaking.

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mastershake29x t1_je2ab1j wrote

This idea doesn't work. But the goal of getting empty lots developed is worthwhile. How do we get there?

One easy way is to base property tax solely on the amount of land owned. So a residential building on a X sized lot pays the same property tax as a X sized parking lot. So there's a financial incentive to do something with your land that's more productive (and to make it more productive quicker).

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pixel_of_moral_decay t1_je291yl wrote

Japans housing is cheap because labor is almost free there, so a house is only worth the building material.

People forget China’s biggest export to the rest of Asia is migrant workers to Japan, who work for almost nothing (and there’s a whole lot of race relations issues with China/Japan only made more complicated by that). And it’s only slightly better than how UAE treats its migrant workers.

It’s also why Japan is always quiet when China escalates tensions in the region. Poking that bear would harm their economy more than it would give them opportunities. Japan would be crushed if it lost all that labor.

The US doesn’t have a cheap source of labor like that.

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