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swiftkickinthedick t1_j9v9vss wrote

Reply to comment by nycdevil in How are rents going up 10% again? by russokumo

Your referenced the discounts given during COVID. I said prices are significantly higher prior to those discounts. The prices aren’t “normalized”. The fact that if you want an apartment with a roommate and you need to spend $2k each a month isn’t “normal”

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nycdevil t1_j9vo2qq wrote

Okay, clearly you're dumb, so I'll explain this in simple terms.

There are three factors at work here: Inflation, where everything gets slightly more expensive over time. Development, where Jersey City is improving and becoming significantly more expensive over time due to increases in demand. COVID, which drove the market out of whack but is a temporary effect that was wearing off in multiple ways throughout 2022 and has now mostly worn off.

The reason that OP's rent increased by 10% each year for the past two is that last year, it was still recovering from the temporary COVID effect. The reason that it's 10% higher than before COVID is that the long-term effects still apply. They are totally different subjects.

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swiftkickinthedick t1_j9w210s wrote

Lmaoo. Nice insult buddy. Not even going to read the rest of your comment. Have a nice night. Hope you find a girlfriend or something to relieve you of some of your depression

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