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ScrollHectic t1_izn8zec wrote

Reply to comment by GhostOfRobertTreat in Application to Tear Down Century-Old Ironbound Row House for 11-Story Tower to Be Heard | Jersey Digs by calambre10

The opposite is happening in terms of rent. New developments are driving up rent, not decreasing them.

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GhostOfRobertTreat t1_iznq8xi wrote

Yes and no. Making an area nicer and more attractive is going to drive up rents in that area because more people will want to live there. If the area is already attractive, then rents of existing units will go up regardless. But if the region as a whole doesn’t add enough units, rental pressure for existing units will be worse. So we need to add more market rate, more income-restricted units, and enforce the city’s rent control ordinance for the older existing stock.

I think the Ironbound in particular is a good example. If we don’t add enough supply close to Penn Station and downtown, people moving to the area will push deeper into the neighborhood looking for housing. It happened to me when we first moved here. We ended up much farther away from Penn than we had planned because there weren’t enough housing units available.

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Newarkguy1836 t1_izrcheu wrote

Are you the same scrollhectic from wired New York/ Newark thread?

Whatever happened to that website? Seems to be permanently stuck on maintenance. LOL

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ScrollHectic t1_izyh02r wrote

Yup I am! I think a good number of people from that website migrated here while it was undergoing "maintenance". Lol

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Newarkguy1836 t1_izzd5i5 wrote

You might remember me with the silver Pontiac avatar & my long posts when I felt Newark wasn't moving fast enough.😅😅

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ScrollHectic t1_j03h24e wrote

Very cool! We should do a group event... That way people can place a face with the avatar they're disagreeing with. Lol

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