Is it a problem for you? If yes, why are you still living there then, there are other options much below your current rent.

A few years ago, it was estimated that 40% of the buildings that exist in Manhattan would be illegal to build under current zoning rules.

That is the kind of market distortion that contributes most significantly to the housing crunch.

The biggest opponents of zoning reform in NJ & NY are left-wing activists, not developers and Wall Street.

Satis. Mathews. Hamilton inn.

Kanibal may have cards, not postcards.

This is random but the UBS building in Weehawken has a gift shop in it. Only open during the week. The store is straight out of the 90s. I bet they have post cards still. They did like 3 years ago.

Edit: Best Wishes Card & Gifts

Give them a call in the morning and ask. Last time I was there they had really cool 80/90s postcards. Shocked they still had them on the rack.

Those chickens are wholesome. It’ll add for a memorable date.

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.

There is no one-size-fix-all solution

Total guess but maybe WORD would have one? Or possibly a hotel or restaurant (if it doesn’t have to be a tourism postcard). I can’t think of a restaurant off hand, but I’ve seen some places use post cards to give you your check.

Better public transportation.

Building more housing isn't enough, you need to build housing that people demand. The top criteria for many people is commute time.

If you improve public transportation such that every neighborhood currently 1h away from Manhattan is now 30min away, you just massively increased the supply of demanded housing.

Imagine being able to reach Manhattan reliably in under 30 minutes from West Side/Bayonne. That effectively increases supply and will take pricing pressure off downtown.

Love the Erie chicken reference

Lack of sleep, coordination and morals. Interesting combo.

This, but better public transportation in general. Most people prefer to live within 1h from their workplace.

If you improve transportation, many more areas are within 1h of Manhattan. This effectively increases the supply of viable housing for millions of commuters.

> Mortgage interest is deductible and also how would they get fucked by interest in the first place?

Just because mortgage interest is deductible doesn’t mean it it’s a cost that doesn’t matter. There are plenty of limitations on the deduction and it’s not a dollar for dollar reduction in tax liability.

Also, multi-family properties aren’t always financed with fixed rate debt. Those with floating rate debt are already feeling the pinch. And some fixed rate debt has a term as short as 5 or 10 years, which means that a decent percentage of borrowers will be forced to refinance every year at dramatically higher rates than their previous financing.

Some will be forced to default. Projects that penciled out with near zero interest rates could easily be underwater in a higher rate environment.

You just said what I said and used different words.

Lighthouse tavern is a great suggestion.

Tip it over like a cow

Multiple times I’ve never had.

China and India are government backed property investment schemes. It’s just a grift to get foreign dollars in and domestic money to stay there.

Here’s one of thousands of videos of people exploring China’s construction bubble and the cardboard (literally) towers: https://youtu.be/XopSDJq6w8E

You can find tons of videos of urban explorers going through these. Just be warned you’ll subsequently be bombarded with ads about foreign real estate after watching one or two.

There might be a wait, I'd make a res to be on the safe side.

Do we need rezos?

Love pink so this is up my alley

Frankie. Very soothing colors (lots of pink and pink is the color of love) and great drinks (they have an above average wine list with some unique stuff in there).

Not JC but right on the border...Coach House. They have an in-house bakery. Excellent cheesecake.

I think focusing on the prices of the new units doesn’t tell the whole picture.