Recent comments in /f/newjersey

mk1power t1_jef1b7a wrote

Frankly, most of the people that left were priced out.

They were priced out because demand is way higher than supply.

Them leaving probably had an extremely minuscule impact on the excessively high demand by potential buyers.

It’s an interesting metric, but one that’s probably driven by the housing market as opposed to driving the housing market.

Unless full remote becomes a reality for most Americans (and even then…), I doubt we will see a long term change in metro NYC housing.

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Short-Hyena-227 t1_jef16fa wrote

I had a super small wedding at Colonial Park Franklin Township at the Gazebo. small fee of like $75-$100. We had it for lunch 3 hours, Park Ranger kept people back and people who weren’t invited were super respectful. We setup a few chairs… nothing fancy but it was perfect. We took pictures afterwards, lunch in Somerville and massive BBQ at the in-laws. Super chill relaxed day.

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Snownel t1_jeezl7u wrote

The "greater" NYC metro area is packed with data centers for obvious reasons, but there just aren't that many in Newark proper. Working around all the older construction is kind of a pain.

I do property valuation and have a little experience in data centers, IIRC the biggest concentration of data centers in the area is Secaucus, which is more or less an industrial hub and a train station. Newark is certainly an option but I'd first take a look at Jersey City and the rest of Hudson County, maybe a little up north too if the price is right.

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CitizenTed t1_jeeytwa wrote

It's working class flight. I live in WA now and I see it as the area becomes stupendously unaffordable. Unless you make at least $80K/year, you pretty much have to leave. And that's just as a renter. If you want to buy a home the bidding starts at $850K and goes up from there. Only the wealthy need apply.

That's why you see the outflow from CA, NY, NJ into TX, FL, SC. It isn't salaried professionals leaving their 5bd 4ba McMansions because of the tax rates. It's the working class fleeing to survive.

So many folks want to move to my PacNW city it's almost sad. They post in forums: "I'm a barista with two cats looking to move in. Need a nice 2bd MiL ADU, can only pay $800 at most."

HA HA HA! So sad it's funny. TRIPLE that and you're at the entry level for rentals.

Off they go with their two cats to TX, FL, SC....

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