Re: Rental Prices out of control - DTJC
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I don't think there is a great deal of vacancy in the "high end" buildings.
I just checked quickly on craigslist and the market for a one bedroom downtown seems to start in the $2500 range and go up from there. Maybe people realize that not being Brooklyn is a good thing - and worth paying a premium for.
Posted on: 2016/8/31 14:56
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Re: Montessori School on 17 Erie Street is a Montessori School !!
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Maybe the school did not believe it to be necessary or appropriate to pay the membership dues to that organization, including a $17.50 "per-pupil" fee.
The costs would likely have been passed along to the families. Maybe the people running the school considered the membership dues in the organization to be a waste of academic and financial resources. It says they are not "currently" a member - Maybe they were a member and figured it was not worth it to maintain the membership. According to my accreditation standard, they are a Montessori school if that's what they want to call themselves.
Posted on: 2015/10/23 15:02
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Re: Is Jersey City Real Estate in a bubble?
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Agree - you will need a regional decline (or national collapse) before prices will get soft in JC.
Bring on the rentals: It's only going to benefit owners that more and more renters are coming here. The developers will continue to do the hard work of advertising the many advantages of JC to get people here, the politicians will do the hard work of recruiting employers and giving them incentives to create more jobs here, and the homeowner/investor will have a steady supply of buyers who realize that (a) owning beats renting and (b) JC is still a relative bargain compared to other options. Not all of the renters will be able to buy, and many of them will not want to stay here, but enough of them will, and that will keep demand ahead of supply for condos and the more coveted single-family townhouses.
Posted on: 2015/7/13 14:08
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Re: Difference renting to individuals vs. corporations
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A consulate is not a corporation, and in certain respects, a consulate can act like it is immune from the US legal system (and in ceartain regards, a consulate may actualy have immunity).
I had a corporation as a tenant. Had a very positive experience. The corporation was a household name and they were bringing employees from Europe to NYC. They agreed on the rent, then asked for the place to be spruced up (paint and new appliances) and then paid for the upgrades. So I can't complain. I did have initial hesitation - but they actually had someone at the company who handled the corporate tenancy department. Rent was paid on time by a corporate check, they provided insurance certificates naming me and my wife as additional insureds. It was great, and I would not hesitate to do it again.
Posted on: 2014/3/17 19:04
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Re: NY TIMES: Have New Yorkers finally discovered Jersey City?
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Excellent point - Booker lived in the projects in Newark. I remember him moving there during his run for Mayor, and it was a way to get headlines away from Sharpe James. Fulop doent need the headlines, he's already won, but he does need to be seen as more than just the mayor of Downtown. Moving to B-L can only help.
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Posted on: 2013/8/16 21:29
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Re: NY TIMES: Have New Yorkers finally discovered Jersey City?
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I also think he was motivated by the fact that he could buy a brownstone in Lafayette after selling his 5th floor walkup in PH. There is some awesome housing stock in Lafayette thanks to our old friends Keeney & Halladay.
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Posted on: 2013/8/16 19:02
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Re: Brownstone facade leaks - repair and repointing
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Who did the facade at 210 Washington Street? Anyone know?
Posted on: 2013/8/16 14:30
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Re: So much for all of you folks who predicted a JC/NYC RE Crash
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"The true test of a first-rate mind is the ability to hold two contradictory ideas at the same time." F. Scott Fitzgerald
Many posters have suggested that the housing market in JC is going to crash and at the same time it is going to drive out all the creative types and low income families because of its success. Intellectually, this is possible. But economically, it does not make any sense.
Posted on: 2007/9/8 16:13
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Re: Locals snap up Jersey City condos
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jennymayla, I agree. If brian_em was correct (that JC prices were the same as NY), many JC residents would simply trade thier spaces here for the equivalent in NYC, rather than fighting their way home on the overcrowed PATH or paying 45 bucks for a cab home after a night out in the city. Plus, you could bike or walk to work. This assumes, of course, that those JC residents work in NY. I work in NY. If I could trade my place in JC for the same square footage in Greenwich Village, Union Square, SoHo, Chelsea, or the Upper West Side, with on street parking and 3% sales tax - I would do it. "Affordable Housing" is a relative term. Having reached critical mass in NY, prices slowly rise as you move out from the center of NYC. The same is happening in JC. Look at the recent boom in Journal Square. What's next? Harrison? No, JC prices are nowhere near as high as NY (or Hoboken for that matter), but they will get closer, and some people can afford to buy more space here for what it costs to rent in NYC. On the upside, with every new downtown condo complex, the developers are required to build and provide a certain number of affordable housing units. While I don't know what this means for conversions like Dixon Mills, I suspect that the new construction on formerly vacant land means there are more affordable housing units downtown than we have had in recent memory.
Posted on: 2007/9/6 14:00
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Re: Locals snap up Jersey City condos
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Thanks GrovePath,
I don't typically read the Jersey Journal. I just recycle it. But I think the article (advertorial?) is interesting and hopefully true. I think people who own have more of a vested interest in their neighborhoods than renters, and who better to own here than those of us who have already lived here in rentals. I now own in downtown. It took me a long time to take the plunge. I rented all over JC, from Wayne street to the waterfront, before I could save the down payment to buy a place. Now that I have a place of my own, I am much more concerned about the local economy, safety, schools, politics, as well as the real estate market. Looking back, buying in JC was a great investment and I wish I had done it sooner. I have yet to meet anyone who is sorry they bought in JC. While the subprime mess may make it harder for some to buy, especially those with blemished credit and lacking a 20% down payment, I believe the lending market correction is actually good in the long run for a place like JC, where many of the residents commute to higher paying jobs in NYC, and the growth boom in condos is really just beginning to take off. The correction will mean that the new condo purchasers are not moving into places they can't afford when rates adjust. Even with brownstones topping the million dollar mark, and condos starting in the high $300s, I think the pricepoint in downtown JC is unbeatable.
Posted on: 2007/9/5 22:49
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Re: Car broken into - Mercer @ Jersey
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Newbie
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I was running yesterday morning at about 7:30 and passed a police cruiser at the scene. Looked like the officer was filling out a report.
But when I read that the incident happened the night before at about 8, I was kinda' ticked that it took nearly 12 hours for the police to take notice.
Posted on: 2007/8/30 14:59
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