$2,500 for a 3 bedroom apartment…. In Newark, NJ. Deal or :mjpls:

[Ethnic Vagina Finder]

This is facts, shyt is so out of whack even a modest correction wouldn’t be enough


We unfortunately need a total collapse at the rate things are going. shyt I would take 2019 prices back in a heartbeat

Real estate isn’t viewed the same. It use to be you bought a house, and built a family. Eventually you pass it down.

Now it’s considered a short term investment. Then you have corporations who figured you they can make money buying up all the properties and making people rent them out.

It’s basically a monopoly.

People who live in suburbs fight to keep their population down. Cities and metro areas have limited space to build.

Add in foreign investors who use American real estate as Swiss bank accounts and you have this.

 

[Wild self]

Real estate isn’t viewed the same. It use to be you bought a house, and built a family. Eventually you pass it down.

Now it’s considered a short term investment. Then you have corporations who figured you they can make money buying up all the properties and making people rent them out.

It’s basically a monopoly.

People who live in suburbs fight to keep their population down. Cities and metro areas have limited space to build.

Add in foreign investors who use American real estate as Swiss bank accounts and you have this.

We need a whole French Revolution against these scumbags.

 

[Starski]

Newark the new Brooklyn? About to be gentrified?

Downtown yeah but home ownership is a lot greater than Brooklyn was.

 

[BEN23]

$1950 for this

No off street parking so you gonna always be fighting for a place to park.

And this is a 2 family.




This is pure greed. This landlords are getting over.

Naw this is crazy

 

[AAKing23]

Real estate isn’t viewed the same. It use to be you bought a house, and built a family. Eventually you pass it down.

Now it’s considered a short term investment. Then you have corporations who figured you they can make money buying up all the properties and making people rent them out.

It’s basically a monopoly.

People who live in suburbs fight to keep their population down. Cities and metro areas have limited space to build.

Add in foreign investors who use American real estate as Swiss bank accounts and you have this.

Not only is it a monopoly but something I’ve always found off putting about home ownership/real estate in general as a way to build wealth. It doesn’t really work unless you get/got in during the beginnings of a property’s affordable window. Based on the idea that real estate always appreciates and should never decrease, it naturally prices out the good majority of people from ever realistically owning a home and even more the people of the future. Hence the prices in the 50’s compared to now.

Throw in this monopoly shyt when you have one or few corporations who will also never decrease prices and who have a financial interest in limiting how many new homes are allowed to be built. Which is what it would take to lower prices but why would they ever do that? It soon becomes a hopeless situation that you really doubt will ever get any better to be honest. It would take some very radical ideas/massive scale social unrest or economic collapse to change things.

 

[Starski]

I’ll never understand the appeal of living in jersey paying ny prices

Never

2.5k for a high end new building 3 bedroom in NYC

That ain’t NYC prices. And truth be told depending where u live in BK/Queens and a place like Newark the commute could be just about the same if your going to manhattan.

 

[Womb Raider]

Whatever y’all do don’t come to the South. fukk off, we’re full.

I wanted to come down south…but then I found out y’all don’t even get paid

 

[Ethnic Vagina Finder]

I wanted to come down south…but then I found out y’all don’t even get paid

Unless you work remotely or luck your way into a position that pays more then $70,000 a year, it’s not worth it.

 

[Gunz&Butta]

it's like people wearing that shyt like a badge of honor.

Even if you making six figures, being overcharged for rent is literally stealing wealth away from you.

What's the alternative? Sleep on the street? If it's not in my best financial interest to live in the bay, I would be somewhere else. Works out well for me, can't speak for other people

 

[Squirrel from Meteor Man]

@get these nets what are your thoughts?

 

[DeeezNuts]

Anyone seen the new joints off 280 in Orange?

 

[King Poetic]

Was real estate greed in the past? Yes

But even worse today, because u got un train , quick hustling dj envy type realtors just trying to unload anything for a dollar

 

[UberEatsDriver]

 

[Phantum]

Lol I was messing with a girl from Newark, Delaware in college and we both drove each other crazy how we pronounced it.

 

[UberEatsDriver]

Lol I was messing with a girl from Newark, Delaware in college and we both drove each other crazy how we pronounced it.

Yea newark in Delaware I believe is actually pronounced the way it’s spelled

Or the “wark” is mad loud lol