orb_king

orb_king t1_iz7ljp3 wrote

Reply to Tom Degise's heir apparent opens up about arrest, exoneration in drug case by EyesOnImprovement

Hm “gosh I can’t remember why a drug kingpin called me and knew it was my birthday, who knows what that was about lol”

Give me a break, dude. Maybe we can elect people who aren’t like this for once?
I’d wager that this fella: does not actually live in Jersey City, was involved in greasy corrupt cop shit in the 80s, is not paying a fair tax rate on his property here, and has more than one government job.

The Hudson County Democrats need a wake up call with this next election, and more of us need to vote and run for office.

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orb_king t1_ixnthiv wrote

Reply to comment by JCwhatimsayin in Algorithmic rent setting service under investigation by DOJ for collusion with landlords by JCwhatimsayin

That’s exactly how the ocean of empty real commercial real estate works, too. Lots of it is traded via ETFs and other more complex derivatives. It’s owned by holding companies that are traded as part of peoples retirement funds, or traded overseas as a hedge against a local economy, etc. “Supply and demand” is pretty far removed from real estate at this point.

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orb_king t1_iwsfrkg wrote

Reply to comment by moobycow in Paulus Hook Goldman Sachs parking lot, waiting for new residential tower construction by mwc665324

Lack of housing is not the problem. Lack of affordable housing is the problem. All these towers use the same one or two companies to determine what rents should be…and guess which direction those algorithms all point to, over and over? They are literally colluding on prices, adding more units won’t lower the price. That market can stay irrational longer than any of us can stay solvent, as the saying goes. (For the curious, this is a good place to begin understanding how bad this problem is: https://www.propublica.org/article/why-rent-is-so-high )

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orb_king t1_itxs47q wrote

Reply to Lets talk local Kimchi! by Blecher_onthe_Hudson

Hmart in Ridgefield is my personal pick for this - I love the Thousand Year brand. I’m not an expert, just tried tons of it. Hmart sells banchan deli-style, so you can grab some bulgogi and banchan and make a killer Korean dinner at home.

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