Direct_Ad18

Direct_Ad18 t1_j9umy2j wrote

Increasing supply should be helping demand, but obviously when the new supply is pricier than what currently exists, it drives up the cost of rent as well. I'm not an expert in this but I imagine there are a number of factors related to rents going up.

The point still stands that the 10% increases are generally only seen in luxury buildings, and that to avoid them, you should rent with a single landlord.

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Direct_Ad18 t1_j9ti92t wrote

I've lived in Jersey City since 2014, and my rents have always been going up around 10% in luxury buildings, with the exception of covid

2014: walkup

2015: same walk up, no increase

2016: same walk up, ~5% increase

2017: moved to luxury building, so major increase in rent

2018: same luxury building, ~10% increase

2019: same luxury building: ~10% increase

2020: same luxury building, no increase

2021: different luxury building, ~10% decrease from prior rent, but apartment is bigger and nicer (still a 1 bedroom, but 150 more sf and a nicer view, "covid deal")

2022: same second luxury building, ~20% increase from original rent in this building, but on trend since I got a discount in 2021

2023: same second luxury building, ~10% increase

Am I the only one that doesn't think it's that bad? You sort of need to expect these increases in luxury buildings. They are constantly upgrading things, maintenance usually available within 24 hours, a doorman, and perks that walkups don't have. If you don't like the increases, then you need to move to a walk up.

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Direct_Ad18 t1_j9jgdsi wrote

There's about 15 in all of downtown according to Zillow. Depending on how close to Grove he wants to be, that list is smaller. There are literally close to a hundred in the heights.

I said it was possible but tough near Grove ("in walk up territory" but "won't be many") and easier ("more availability") in the heights. That's a true statement.

The reaches people go to to correct people on this app is bizarre.

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Direct_Ad18 t1_j9i71k7 wrote

You can get to the heights or grove Street as quickly as you can get from one side of Hoboken to the other so why not just check the areas out? Maybe you're bored in Hoboken because it's a small city and you would be less inclined to leave if you explored more of the greater area?

Separately, $3200 for a two bedroom near Grove will be tough. You're definitely in walk up territory but there won't be many. Will be more availability in the heights.

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Direct_Ad18 t1_j9329xp wrote

You seriously have a 50 row spreadsheet of buildings? I really think you're overthinking this. Just pick one. You're moving into a luxury building in a premium neighborhood and spending over $5k per month, how bad do you think it will be? Plus that's the beauty of renting. If you don't like it, you can move in a year.

Also, someone may love a building, and you pick it and then might just have bad luck. I've dealt with really loud neighbors, a gym upgrade closing the gym in my building for 4 months, and multiple fire alarms in one month due to a "system malfunction" in otherwise what I'd call a great apartment.

I've dealt with all of these all things in all different apartment buildings downtown, some of which are mentioned here. That is sort of par for the course with apartment living.... I wouldn't rely on someone's individual experience because shit can happen anytime. I would just pick the one you like the most and stop overthinking.

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Direct_Ad18 t1_j8xwxp8 wrote

Do you live in a walk up? The strategy works for a individual landlord or small entity because they are dealing with this kind of stuff themselves, but it's less successful for high-rise buildings with property management companies. Turnover is expected and they have funds and workers available to do this kind of stuff so it's less of a financial hit to them. They honestly don't even care and they know how much of a hassle moving will be for the tenant. Threatening to move doesn't phase them. They have more resources than you. With an individual landlord, it's a different story.

OP can try this, but it's not likely to work, or if it does it will get reduced by a laughable amount.

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Direct_Ad18 t1_j8xwhca wrote

Pretty much spot on. Once the loss is recuperated, rent increase should go back to normal, or at least they did in my building. My lease renewed (for a downtown 1 bedroom) in April 2022 with a $500 increase, or around 20%. We just got the offer for April 2023, and were pleasantly surprised to see it was only 10%, which was pretty consistent with our increases before COVID.

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Direct_Ad18 t1_j8pjdyn wrote

I don't think it was built for tourists. It was built to replace the antiquated 80s style cafeteria that used to be in this building for the hundreds (maybe thousands) of people that used to work in this building on a daily basis.

Before COVID this was full every day for lunch. I don't work in this building, but work in one very close, and we frequently had lunch meetings here. It was always packed.

I mean, this entire building went under a multi million dollar renovation in 2018/2019. Just really poor timing.

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Direct_Ad18 t1_j7zx17g wrote

I'm confused, are you trying to go to a nice sit down brunch or to get a breakfast sandwich to go? There are a plethora of sit down brunch places. Satis is good, White Star is good, Hamilton Inn is good, Skinner's Loft is good, there are literally dozens of restaurants which serve weekend brunch, these are just my favorites.

For a basic BEC? I dislike most of what City Diner has to offer but they actually make a really good BEC. Little Sandwich Shop is good. Sprove is decent. Wonder Bagels in a pinch.

Fancier coffee shop grab and go breakfast sandwich? Maggie's is my favorite. Maman makes a good one, as does Short Grain Cafe. All pretty good, IMO, but all different.

People say the breakfast sandwich at Scram is amazing, but I haven't tried it, so can't provide an opinion. I know they get long lines for it.

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Direct_Ad18 t1_j7z6ipf wrote

I agree that Newport deserves a spot but you then you can go down a rabbit hole of saying well what about Harborside, what about Harsimus Cove, etc.

And I agree, that was my only point in bringing up "the waterfront." It's the only downtown neighborhood listed on this shirt, which seems odd. Paulus Hook existed before downtown existed. If there was only one to separate out, I think it should be Paulus Hook. But certainly the case could be made for more. Newport would be next for me.

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Direct_Ad18 t1_j7wvrpa wrote

Paulus Hook has existed as a distinct neighborhood since the 1600s. There was even a revolutionary war battle in Paulus Hook for Christs sake. It is not a marketing term made up by real estate agents like many of the other neighborhoods (including "the waterfront" which is on this tee shirt) in downtown.

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