Beware of the user trying to use month-over-month rent data to "disprove" this, a one month sample is extremely noisy.

Not to mention New Rochelle is the one place in Westchester that builds the most! The rest of Westchester is terrible, but New Rochelle actually builds quite a bit of housing.

There's also a composition effect going on here.

The average rent is obviously going to go up if more of the sample consists of new units. But that doesn't say anything about what the old units are priced at!

Example:

Before building: 2000 new units at $3500, 2000 old units at $1650

After building: 3000 new units at $3500, 2000 old units at $1650

Average rents are higher after the construction, but no one actually saw a change in rent. The changes in rent are driven by NYC not building enough and people moving in from there, not the new construction itself, which only raises average rents through composition.

I stopped reading as soon as they said "monthly rent change." That's such a noisy data set as to have absolutely zero relevance to the topic at hand. It takes a good 3-5 years to construct multifamily housing and the effects should be measured over a similar time span! They should also be measured on a metro area level, not a city level. Plus furthermore the Covid/remote work shock throws all the data out of whack.

If Jersey City stopped building, rich people would simply bid up the old houses, as happened in San Francisco and most of Manhattan.

Have you considered that what Jersey City is building is not enough to serve a metro of 20 million people? And yes, that is the market for Jersey City housing, not the 290k already here.

No one on the New York side is building anywhere close to enough. All that demand gets added on to Jersey City. Nothing Jersey City can do to fix it. New York has to fix it. If Jersey City stopped building, people would simply bid up the old houses, as happened in San Francisco and most of Manhattan.

Lmao does your life consist entirely of nyc bashing?

It's a stockholm syndrome type thing. Their job forces them there so they have to pretend to like it if they want to be satisfied with their life.

SF and LA are much nicer than NYC? I beg to differ

What's the way to get to 13th? Is Barnum St accessible to pedestrians now?

Like I said, I support the idea of what you're proposing, but given current lending standards there's really no one willing to finance it and that's why such projects are impossible to find anywhere in the country

A) It's inaccurate to claim every high rise resident is disconnected. High rise buildings foster their own sense of community. Plenty of NYCHA buildings are high rise. Vienna has high rise social housing buildings (Wohnpark Alt-Erlaa). All high rise residents also need to shop and walk around in the neighborhood.

B) Mid rise is no longer enough to create high density in this big an urban area. This is because of parking regulations and demand among developers to cram in more parking. Once upon a time, mid rise was enough to create density because car-free lifestyles were encouraged, but they are no longer encouraged, and as such you need as much height as possible to make up for the land wasted on parking. I too would support multiple mid-rises adding up to the same number of units, but bank lenders would throw a fit over the lack of parking. Your ire should be targeted at banks who refuse to fund anything but traditional projects

C) This will generate quite a bit of property tax revenue to fund improvements to the area while lowering rents vs. the status quo by ensuring the residents who would live there don't bid up older more affordable housing instead.

That's a bunch of bullshit and you know it. KRJ did NOTHING for this. She took 400+ affordable units and turned it into zero.

A speed hump is less "shaky" on the car than a speed bump

Genuinely curious, what led you to accept a 2+ hour commute in Easton?

I've literally never seen this opposition to Uber and Lyft before. It's taxis that are sketchy as fuck. A lot of these people are living in a world of 30 years ago that doesn't exist now.

So you want to make me pay $30 extra every time I need to go to the airport for a WORSE experience? Not happening.

This the most Karen comment I've ever read. I'm way more scared getting into some beat up taxi than a modern Uber/Lyft with a digital location record and location sharing and driver's name. How about you stop worrying about your neighbor's parenting decisions. I know I'd be annoyed if I couldn't even see my daughter come home every day without someone yelling from across the street about how bad a parent I am.

Isn't that only a 25 cent savings after PATH fare?

For me small price to pay for tons more money to spend. Ideally I'll never have to cook a meal unless I actually desire to not just eat it but make it.

Talk to conservatives (and Democrats can be conservatives too) over the age of 45.

She's got more supporters than you would think. A lot of people believe they should have the right to run over any cyclist and drive on away. They're just not young people so they're not on Reddit

What is "capital efficient affordable housing". Do you have a way of building housing for 300k per unit in the middle of NYC? I suggest you go to a bank and get some capital to make it a reality if you do, because you would become a millionaire very quickly.

By the way if you don't build luxury housing the rich people who would live in it don't just disappear. They come to your landlord, make a high offer for your unit, and gut renovate it. If "don't build and the rich won't exist" theory was true, San Francisco's outer districts would have very cheap rents.

More density means worse community services. This is why rural Idaho is world renowned for having excellent community services

And before someone says "wItH wHaT mOnEy" property taxes exist

Always gets me when people complain about that, just raise taxes on it and have fun with the free money.

Except it did change? 119 reliability improved dramatically (there is statistical evidence of this) after July NJT takeover, and more rush hour trips were recently added.