Ilanaspax

Ilanaspax t1_jef4p61 wrote

https://www.nytimes.com/2014/10/06/business/media/a-new-effort-from-a-new-jersey-city-urges-make-it-yours.html

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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Ilanaspax t1_je2dpr1 wrote

It is insane they needed to make an ad campaign when NYC is right there. Kind of makes you wonder why they did it doesn’t it?

So crazy how our only solution to the housing crisis is making it so only rich transplants can afford to live here and existing residents relocate and enjoy none of the “improvements”.

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Ilanaspax t1_je0zgn7 wrote

ah so we agree that the tax abatements being handed out like candy by the city at the time were completely unnecessary?

If only Fulop had known ahead of time that trying to make JC enticing to transplants was going to create an alleged housing shortage that could only be solved by building more luxury rentals with insane rent increases every year.

I’m sure he had no idea 🥹…but I’m sure he’s pleased with his multiple home renovations by Dixon.

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Ilanaspax t1_je0se5z wrote

It’s SO weird how out of all those solutions for affordable housing the only one that ever gets executed involves developers getting more money 🤔

oh well I guess we’ll trust the process and just let them keep polluting the city with luxury rentals and pricing out the existing population until we finally figure this out

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Ilanaspax t1_je0q93w wrote

Did you read the article? Because it details how these giant corporate landlords have essentially monopolized the rental market using an app and it has little to do with property taxes. Their goal is profit not providing housing which is why letting them build rentals so freely all over JC was a slap in the face to its existing residents.

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