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DirectorBeneficial48 t1_izkgaqt wrote

Imagine paying $42,000 a year in rent for a 1 bedroom in jersey city. Couldn't be me.

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Jahooodie t1_iznslpn wrote

Replying to jerseyjoe50 (#898,713)

Look at some of the list prices if you haven’t recently, it’s sorta beyond worrisome. I know this sub jokes reality has left the building, but I don’t understand who is affording these places. I know several high salary Manhattan tech people (the stereotypes of who can afford it) who have moved due to WFH flexibility or been laid off, finance industry is pre-bracing for a down turn, and other friends are just skipping JC to find more value in Queens or Brooklyn.

Someone is renting them maybe I guess? Maybe I’m just not good at capitalism?

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halocene_epic t1_izplp73 wrote

Replying to Jahooodie (#899,893)

I posted a poll a few months ago asking what people’s household annual income in this sub is. 1000 people responded and 60% make above six figures. You only need to make about $140k/year to afford a place like this if you use the 30% of salary on housing rule of thumb.

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Jahooodie t1_izuqbbi wrote

Replying to halocene_epic (#902,873)

The people I know passing on JC for better value or lifestyle are above that range, that range has options and I’m feeling like people are looking elsewhere. While it’s of course a sample size of only friends, definitely a wind of change blowing while prices keep ratcheting up

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