Submitted by Blecher_onthe_Hudson t3_11a2qwh in jerseycity
DirectorBeneficial48 t1_j9rytpg wrote
Reply to comment by badquarter in Want to know why NY metro housing is expensive? Answer in NYTimes OP-ED by Blecher_onthe_Hudson
Nearly all of BK and QN are currently cheaper than most of JC. Again, your logic is faulty - it's more expensive (JC) where there's more development.
Once again, there's no correlation between greater development and lower rents.
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