Recent comments in /f/jerseycity

humchacho t1_je5by8l wrote

A drastic increase on property tax for people and corporations owning more than two residential properties that have no permanent resident. You want to run a hotel out of your residential property then you pay a hotel tax like actual hotels. Also too many people owning housing as assets that they keep empty. They are incentivized to treat residential property like the stock market right now and it’s pricing out regular people who just want to have a roof over their head without going into financial ruin.

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franciswilliambird t1_je5b7er wrote

yeah maybe though I have a hard time imagining bayonne would ever be more desireable than JC even with better connectivity. But I think the point is doubly true for the real suburbs, what's the point of making their commutes easier if there isn't more housing there? Like if the goal is housing affordability without displacement, improving transport alone just shifts the displacement elsewhere

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caroline_elly t1_je59jsh wrote

I mean this is exactly the argument used in San Francisco to keep supply constrained and home prices high in a few select areas.

Improving any neighborhood makes it more expensive. But overall prices will fall if there are more livable neighborhoods. In this case, other parts of JC will be cheaper if Bayonne is seen as comparably attractive as DT.

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franciswilliambird t1_je57xo6 wrote

I looked at an apt once that had a big sign on the door that said "if you saw this on facebook marketplace that was a scam" what happened was they copied the apartment ad but cut the price by half and had people pay to "apply" and then pocketed the money. Never pay to see an apartment.

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