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suztomo t1_irlcr8y wrote

https://www.reddit.com/r/jerseycity/comments/vb0h8h/why_is_beacon_building_not_seeing_any/

You assert that the apartment in question is a good investment. We will challenge the assertion.

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MuskIsKing OP t1_irlds8n wrote

Isn’t the litigation over now? And new near by buildings coming up?

https://jerseydigs.com/593-montgomery-street-jersey-city/

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objectimpermanence t1_irn8lr9 wrote

You really shouldn’t be relying on random people on the internet to answer these questions for you.

You should seek the advice of an experienced real estate agent and/or a lawyer to look into the HOA’s finances and the status of any litigation.

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suztomo t1_irmdmn7 wrote

Don’t force others do survey for you. Can you make assertions, not question?

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MuskIsKing OP t1_irmq0d9 wrote

How would you explain the low availability of condos if it is not a good investment?

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objectimpermanence t1_irn8ghy wrote

The housing market is pretty jacked up right now.

One reason is that a lot of people are disincentivized from moving because it would mean giving up the mortgage they refinanced at ~2.75% 2 years ago in exchange for a new mortgage at close to 7%.

That translates into fewer people listing their homes for sale. But that does not necessarily mean that buying an apartment the Beacon is a good investment now.

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