brantlyr

brantlyr t1_ja8tt7i wrote

Reply to comment by brantlyr in Who here owns residential and rents it out? thinking of buying a two-family in Rahway as it is getting very cute there. by [deleted]

FWIW I don’t think OP is being malicious or evil. Like I said someone has to rent properties and an individual owning a single extra property as an investment is likely the least exploitative way to go about it. I think bigger companies buying up multiple properties is the main problem!

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brantlyr t1_ja8t72g wrote

Reply to comment by nathanaz in Who here owns residential and rents it out? thinking of buying a two-family in Rahway as it is getting very cute there. by [deleted]

From what I understand, part of the issue is the current rental market is WHY people can’t afford to buy a place, for several reasons.

First is the rush to snatch up these properties by big investment groups or even individuals looking to add rental properties to their portfolio inflates the cost of homes due to the crazy demand. People dropping tens of thousands + on top of asking price in cash for a home is not normal and your average joe can’t compete. This goes unchecked so large groups can acquire enough properties in an area that they can inflate rent prices how they see fit to an extent.

Then because of the high prices for rent which is honestly insane in parts of NJ, people don’t have extra money at the end of the month to put away and save for anything, let alone the down payment on a home. This can have ripple effects in keeping a person tied down to a job because of the inability to move, or forcing people to live so far from their place of work that they have a ridiculous commute everyday which also has its financial consequences.

Obviously someone has to rent property, but the “business” of making a profit on keeping a roof over someone’s head is out of control

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brantlyr OP t1_j1szkmr wrote

Reply to comment by freedom_now3 in Anyone else make the mistake of going to American Dream today? by brantlyr

Apparently it’s illegal for a NJ resident to say this, but I quite like it. Tons of space to walk around with my kid out of the cold. Today was a bit of a sour note, the parking situation was unreal, but it’s also my fault for trying to go the day after Christmas. None of the other times I’ve gone have we had any issues and frankly it’s so big it’s never felt super busy when I’ve been there even.

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brantlyr OP t1_j1ry8o8 wrote

Reply to comment by Sk8ngWST in Anyone else make the mistake of going to American Dream today? by brantlyr

Sorry, the actual mall itself my family finds enjoyable, you’ll hear a lot of people on here give it a lot of hate. But for my situation it’s a nice place to escape the cold for the day. However, the parking situation today was a nightmare. We were stuck in bumper to bumper traffic trying find a spot for roughly 1.5hrs. We just left eventually, I’ve never seen it like that before for what that’s worth! And after I get over the horror of today I’ll probably go back lol.

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