The place is there now. It's for sale. Buying it and demanding passive income over and above the mortgage payment and maintenance doesn't magically increase housing inventory.

Increases suck, but that's less then inflation. I wouldn't expect improvements with that increase.

Yeah it still sucks, but that seems like a normal year to year increase. Not the horror stories people are seeing elsewhere.

It's frustrating from a younger person's perspective because many large companies are buying up houses and renting it back for a profit. This sucks because it 1) raises rent all across the state, 2) increases the cost of homes, and 3) takes home away from people who could have brought them before the market was artificially inflated.

New Jersey is a nice place but an expensive one, and landlords don't help with that

I would say that a few peoples opinions on Reddit should not sway what you do with your hard earned money. There are worse things you could be investing in than property in the most densely populated area in the US. Maybe if you feel a bit guilty about it, you can buy something that needs renovation, invest to fix it and then sell it again instead of renting out.

Remember being able to park under the building, walk to the gate as a non passenger with a pass issued by the ticket agent. The brown busses that clogged every roadway. The roar of the 727 and DC 9 pissing of half the State with the jet noise. Bonus points if you ever flew People's Express anywhere :-)

You’d make them pay double your mortgage, taxes and insurance, because a bank would not give them a mortgage. It’s predatory to seek profit based on economic desperation.

If your numbers check out then why not? A lot of properties in North NJ are still overpriced and cash flowing might be an issue without putting in a big down payment. Then your ROI (+ famous NJ renting laws headaches) makes it less appealing.

Whats special about Rahway?

Don't listen to them buy the property and rent it out. just don't hold off for higher rent get it rented as soon as possible. people's want places to live now.

Because you’re snatching up houses for your own profit and not allowing families who need a house to buy it. It’s bad for economy and the individual

Wait why is that bad? Honest question. Wouldn't I be making it nice for renters?

I hate that people are hoarding single family homes and turning them into investments, drying up the availability of homes for people who just want to buy a place to live in.

Taqueria in Jersey City, once it reopens.

I would think their ear-drums aren’t doing the best either.

For some reason I read "baby" cam.

It's more frustrating that we aren't seeing any changes to the building. If I saw some sort of improvement I might be on board, but really it seems like the management company likes to turn and burn tenants. Many of my neighbors have moved in the last two years.

Good. Bullies need consequences.

15% is what is legal in WNY.

Burritos and Tacos Mexica is the place in Westwood , Lolita is so-so...

5% increase isnt crazy

I’m sorry, but that’s nothing. I’ve heard 20% + horror stories.

It went from 1,475 to 1,550.

Just called the number and spoke to a person - she mentioned that they only just started processing the returns last week so it’ll be a few weeks.

Its basically every on and off ramp of each highway/interstate

Rent went up about $50 last year, now $75 this year. Previously it had gone up $25.

>but no one has heard of pesto pizza

There's a reason for this.