effort268 t1_iqyr0ed wrote on October 4, 2022 at 2:01 AM

Reply to comment by sutisuc in Construction Continues as 55 Union Rises in Newark’s Ironbound | Jersey Digs by 66nexus

lol no one lives in these areas. If you dont build more apartments, these new residents will simply kick you out of your apt cause most of us rent. Thats gentrification. Let them have their own housing so we dont get kicked out of our neighborhoods.

Sadly we live in a capitalist society and if we stop them from building new property, our landlords WILL get greedy as demand goes up they can simply raise your rent.

IsstvanIII t1_iqz5u0g wrote on October 4, 2022 at 4:04 AM

‘Sadly we live in a capitalist society’ Buffoonery

effort268 t1_ir31ipv wrote on October 4, 2022 at 11:28 PM

Unless youre a homeowner, you best believe demand for housing will increase your rent. Hence its good to increase supply so prices don’t increase too much.

If you purposely push down supply, prices will go up. Capitalism (developers, high income folks) are realizing Newark potential, hence the increase in rent. That’s capitalism.

IsstvanIII t1_ir36v2v wrote on October 5, 2022 at 12:10 AM

And Capitalism is what makes it possible to have nice things.