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Aggravating_Rise_179 t1_jae1usr wrote

Reply to comment by sutisuc in Shaq II is ICONIQ 777 by felsonj

Again, that also has to deal with the fact that the economy in the philly area is not as competitive as NJ/NY. People in Newark have to compete with a shit ton of new residents coming from the burbs, NY, all over the country, foreigners both lower income and higher income because people want easy access to the jobs in the New York Market. Philly doesnt offer those same options.

The fact of the matter is, Newark's poorer residents and the housing prices in that sector of the market, is higher compared to those in the philly area because the working poor means something a bit different here compared to there. Plus, Newark was never going to stay this island of poverty for long after the suburbs stopped pushing for development. NYC cannot build the housing necessary to accommodate the people looking to move into the area, nor can JC and Hoboken. At some point the banks and developers and newer residents were going to make their way over here and the city was going to accept new development because it cannot support those who live here without new infusion of cash.

This shit isnt black and white, and Newark has alot more safe guards in place to help stem displacement compared to places like Harrison, JC, and Hoboken because we have learned from their mistakes.

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