MuskIsKing OP t1_irlds8n wrote on October 9, 2022 at 3:39 AM

Reply to comment by suztomo in 4 Beacon way for investment. by MuskIsKing

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

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

objectimpermanence t1_irn8lr9 wrote on October 9, 2022 at 3:40 PM

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.

suztomo t1_irmdmn7 wrote on October 9, 2022 at 11:07 AM

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

MuskIsKing OP t1_irmq0d9 wrote on October 9, 2022 at 1:18 PM

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

objectimpermanence t1_irn8ghy wrote on October 9, 2022 at 3:39 PM

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.