Submitted by mad_dog_94 t3_124pbvf in jerseycity
Ilanaspax t1_jef4p61 wrote
Reply to comment by paul-e-walnts in Tenants Fight Back As Rents Soar In Jersey City And Hoboken by mad_dog_94
The sole reason? No. Do I believe they deliberately courted high income folks to price out working class residents?Absolutely and it was extremely transparent at the time.
City spent 1.2 million on the ad campaign in 2014 after giving out tax abatements for luxury high rises. It’s SO weird how 10 years later there isn’t enough affordable housing and the only solution is more luxury rentals 🤔
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