effort268

effort268 t1_iu5h0w6 wrote

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effort268 t1_iu5fyrz wrote

I'm from Newark and I know exactly what you're talking about. But let's not play into our emotions. We need to increase supply because demand is high. If we refuse to build, prices will go up....that's literally what inflation is all about...

I do realize that a good amount of people are working class folks and I want to help them but reducing housing won't help not one. I do think we should focus on increasing wages, providing more social safety nets, etc. I'm also in favor of taxing big corporations to help fund this, I mean Goldman Sachs has received $165Million in tax breaks to bring their headquarters. None of us received tax breaks for our rent.

Please realize that the middle class is not your enemy, it's the people at the very top.

https://www.fa-mag.com/news/murphy-defends-his-goldman-era-support-for-new-jersey-tax-break-44682.html

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effort268 t1_iu5eozw wrote

I use to think just the way you do, and I'm all for keeping people in their neighborhoods. But let's be honest, if demand increases and we purposely block every new residential, then new residents will just buy up the homes where people rent, thus forcing them to leave. I rather have large high towers where all the middle-upper class people live, then to have them come after my neighborhood.

FYI - i'm in Ironbound Newark, and I rather them build in downtown then here. PLenty of empty parking lots to build hundreds of housing units. JC has less space but you guys are building very tall which is good. Ya just need better public transportations so everyone can get around.

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effort268 OP t1_ir8flq8 wrote

Yes they will be adding more bike spots. They also mentioned intentions to build bike lanes directly into Newark Penn to make it more accesidnle. The big concern for the whole group was crossing route 21.

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effort268 OP t1_ir6i2ne wrote

Was part of their focus group and this is one of the ideas. They want to have food trucks around the station as well as seating and more open green space. The city will work with NJtransit to help relocate many homeless people to help with QOL issues.

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effort268 t1_ir31ipv wrote

Unless youre a homeowner, you best believe demand for housing will increase your rent. Hence its good to increase supply so prices don’t increase too much.

If you purposely push down supply, prices will go up. Capitalism (developers, high income folks) are realizing Newark potential, hence the increase in rent. That’s capitalism.

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effort268 t1_iqyr0ed wrote

lol no one lives in these areas. If you dont build more apartments, these new residents will simply kick you out of your apt cause most of us rent. Thats gentrification. Let them have their own housing so we dont get kicked out of our neighborhoods.

Sadly we live in a capitalist society and if we stop them from building new property, our landlords WILL get greedy as demand goes up they can simply raise your rent.

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