Submitted by russokumo t3_11agr62 in jerseycity
Nuplex t1_j9uxdy7 wrote
Reply to comment by Ilanaspax in How are rents going up 10% again? by russokumo
When there are no "luxury" containers for yuppies they just end up making our existing housing into luxury and pushing even more people out. This is what happened to San Francisco. Luxury housing is a necessity. Don't build it and things just get worse even faster. You can't stop yuppies from moving to JC. You can build them housing to keep them from making a 4th floor walk up studio in Greeneville $2500/month.
Ilanaspax t1_j9v63jx wrote
The city openly courted this demographic ( “Make it Yours!” ) and now the solution is more luxury rental buildings to “fix the problem”.
Funny how that works.
Direct_Ad18 t1_j9uyzar wrote
Great explanation!
Viewing a single comment thread. View all comments