Submitted by mwc665324 t3_yxg1m6 in jerseycity
Comments
HappyArtichoke7729 t1_iwolzf2 wrote
GREAT!!! We need more housing
STMIHA t1_iwop41n wrote
That’s because it’s not mandatory to get the zoning they needed. If we want to see change it needs to be done through local policy. Echo the sentiment to the council.
Ilanaspax t1_iwopv9b wrote
Oh wow I didn't realize city council wasn't aware lack of affordable housing is a big problem in Jersey City. Do you have a phone number I can call to let them know?? Or should I call Fulop first? We gotta get the word out!
pixel_of_moral_decay t1_iwoq2di wrote
They know. They've put a lot effort into trying to keep it away from happening near the wealthy.
STMIHA t1_iwoqibq wrote
You can be as sarcastic as you want, that’s still not gonna change anything. We both want the same thing here. Fuck me for just pointing out the obvious.
SkyeMreddit t1_iwov06e wrote
It’s about time!
Ilanaspax t1_iwovymv wrote
It’s cute that you think the lack of affordable housing is just an overlooked issue and not a result of our local government and greedy developers working hand in hand to price out residents. Let me know how complaining to city council goes - it’s working great so far.
nycdevil t1_iwoxwfx wrote
Eww, who wants to live near that?
Jazzlike_Drawer7174 t1_iwp49bx wrote
PS 16 can’t absorb those 2 buildings.
jasonleeobrien t1_iwp5rex wrote
LUXURY HOUSING
Mindless-Budget9019 t1_iwpejit wrote
People talk about affordable housing but have no problem with the BOE raising property taxes. How rich…
Positive_Debate7048 t1_iwpq2mj wrote
Set offs for affordable housing have failed miserably in nyc. It’s how you end up getting funds for public housing diverted for Hudson yards.
bobomerk99 t1_iwpr2vh wrote
Why not have the city build government housing that's affordable??
moobycow t1_iwpsktl wrote
The council barely got through the last affordable housing proposal in the face of enormous opposition, not from developers, but from homeowners. Turns out the best affordable housing is the affordable housing in someone else's neighborhood and most people do not it want near them because to make the numbers work it means increased density/numbers of units and people flip the fuck out about parking, or height or whatever.
moobycow t1_iwpso2n wrote
Because it costs a fuckton of money and no one is voting to raise their taxes for it?
orb_king t1_iwpxbur wrote
BUt mUh sUpPLy aNd DeMaNd!
Jahooodie t1_iwpye5p wrote
It's 2024. The Goldman interns breath deeply in their new apartments, inhaling the smugness of 'saving so much by living in New Jersey'. The faucet leaks. The closet is not level. Expensive marble rises on all flat surfaces like the sea in climate change. They pull up r/jerseycity.
"HEY GUYS WHERE ARE THE TACOS, ALSO WHATS THAT BANGING NOISE HOW DARE THEY BUILD A NEW TOWER, ALSO WHERE CAN I FIND PARKIN....."
The circle completes itself and begins anew. LUXURY
Jahooodie t1_iwpymcn wrote
Calling it blind, these are $6k month rental only 2 bedrooms.
HappyArtichoke7729 t1_iwpytgr wrote
No way they're going to be 2 bedrooms. Developers haven't heard about work from home, or home offices yet. Definitely will be 1 bedroom and 0 bedroom units.
Jahooodie t1_iwpyz4g wrote
$5k 1br micro units, but with COMMUNITY ACTIVITIES
HappyArtichoke7729 t1_iwpzrhw wrote
with LUXURY pay-to-get-your-mail, sucker
(which is probably illegal)
GeorgeWBush2016 t1_iwq1t5k wrote
the city does provide subordinate financing to make affordable projects feasible
cC2Panda t1_iwq3bvg wrote
I see so few children that are school age in Paulus Hook aside from people coming into St Peter's. I think it's mandatory in Paulus Hook to move to the suburbs the moment your first child hits the age of 5.
fatporkchop2712 t1_iwq3g6l wrote
Let's build more highrise buildings and get rid of all parking lots. It's gonna solve the parking and traffic congestion in Jersey City
ABrusca1105 t1_iwq5gyy wrote
Well, yes. Prices would be rising EVEN FASTER as the data has shown time and time again. The problem is the proximity to New York and the fact they are failing to do the same. New York isn't building housing, so JC had to pick up the slack for both NYC AND NJ.
Ilanaspax t1_iwqa41z wrote
Okay grandpa time to get you to bed
moobycow t1_iwqau11 wrote
I would love someone to explain to me the mechanism by which having less houses makes them more affordable, other than, maybe, if you make a place shitty enough no one wants to live there.
Ilanaspax t1_iwqcb6e wrote
I know it’s hard to imagine - but plenty of people lived here before Fulop sold out the town to developers and were totally fine with not having a sweet green and a bunch of shitty restaurants on Newark Ave in exchange for affordable rent.
They made a MAKE IT YOURS JC campaign and then it’s shocked pikachu face when the entire city gets steamrolled by development. The goal was always high rents and pricing long time residents out. That’s why it’s so funny to see the rubes on here pretending more luxury housing is the solution instead of the cause. You have to be incredibly naive or a real estate shill to think more luxury housing is going to make anything more affordable when they all work together to artificially inflate rents.
bobomerk99 t1_iwqgol6 wrote
So who's being asked to pay for it?
moobycow t1_iwqhe6t wrote
If JC didn't build these places, where do you expect the people who now live here would live instead? Development showed up because they were filling up brownstones in Paulus Hook and VVP. I mean look at the prices in The Heights, they haven't built any fancy highrises there.
If the country built enough houses in places people wanted to live we wouldn't have to worry about this crap. In the past, believe it or not, cities had room for both rich people and poor people. Then we passed a bunch of zoning reforms, stopped building and now the cities fill up with rich people and people blame the development. As if the people with $1m homes that used to house factory workers wouldn't be in something else if it existed.
down_up__left_right t1_iwqld58 wrote
The problem here is that you think new construction is the reason people have and are still moving to Jersey City.
The real reason most people have and are still moving to Jersey City is because it’s right next to one of the biggest job centers in the entire country.
People would have come and will still come even if the housing stock is not increased.
Turning a parking lot into hundreds of homes means hundreds of people not trying to rent or buy existing homes.
GoHuskies1984 t1_iwqmyaw wrote
That will require voters to vote in a new council that supports subsidizing affordable development. That also very likely means another tax hike to pay for this.
moobycow t1_iwqpkgk wrote
Now? Developers. What we do is add more units to the building so the increased density can pay for the below market units.
Ilanaspax t1_iwr1co6 wrote
Again...if people wanted to live here so badly why would they need to offer abatements and make an entire campaign to encourage development 10 - 15 years ago? This was all planned.
Ilanaspax t1_iwr1qt4 wrote
Wow so I guess we didn't need those tax abatements handed out like candy back in the day to encourage development then if Jersey City was so enticing on its own?
moobycow t1_iwr4kvj wrote
Probably not, but then the prices of the existing stock would have had to gone up more before the projects penciled out.
Ilanaspax t1_iwr5ekq wrote
sure buddy
down_up__left_right t1_iwr65ev wrote
Generally no. Those are usually unneeded giveaways that exist because of corruption.
Those kinds of giveaway also exist in Manhattan and you can't accuse Manhattan of not being an in demand area.
bobomerk99 t1_iwrbd0e wrote
Ah, it seems like everyone always complains about more density though lol. Also heard they get tax incentives for building affordable units which people also complain about so it's confusing... What do ppl want lol
moobycow t1_iwrp92n wrote
They want someone to build houses for free in some neighborhood that is not theirs. And, also, lots of parking but no traffic.
orb_king t1_iwsfrkg wrote
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 )
thebruns t1_iwtnv9s wrote
Why has JC, which has built so much, seen prices increase so much faster than the Bronx, which last I checked, is not just proximate to NYC, but fucking part of it?
kevstev t1_iwv90m2 wrote
I lived in PH for about a decade. The playbook was move to JC, get a dog, get married, move out to the burbs. 80% of the people that move there are there for 1-3 years, with another 10% staying for 5 if they buy a condo.
[deleted] t1_iwv95so wrote
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FloatingWeight t1_iwvo5ru wrote
Jersey City is a lot closer to the desirable parts of NYC aka lower manhattan, also safer and cleaner.
FloatingWeight t1_iwvpjip wrote
Didn’t see prices drop when everyone left NY during Covid ? 💀
jcdevel t1_iwx0ryg wrote
What's the point of making affordable when we have school board that is soon going to make it unaffordable anyway.
mwc665324 OP t1_iwojrvg wrote
https://www.nj.com/hudson/2022/09/two-new-residential-towers-proposed-for-jersey-city-waterfront-next-to-goldman-sachs.html?outputType=amp