DirectorBeneficial48
DirectorBeneficial48 t1_j9qizni wrote
Reply to comment by objectimpermanence in Want to know why NY metro housing is expensive? Answer in NYTimes OP-ED by Blecher_onthe_Hudson
>You are the one who is arguing that the basic rules of supply and demand somehow don't apply to the housing market.
Cool, show me the evidence it does. I've looked it up a bunch of times. It isn't there. There's no correlation to the locales that have had the most development and the rent in said locales. It flat out is not there.
There's clearly another force behind simply "create more units" that all y'all don't want to bring up, which is greed.
I've shown the very basic steps elsewhere, so I'll copy/paste for you.
>I'll help you. Google up "US cities with the most development" (substitute some other synonym for development, such as "new buildings/homes" if you like). Now do the same for "Average/median rent by city in US". Hell, if you really want to get spicy, toss in a third factor and add in "US cities with the highest rent growth".
And the fact that you work with the exploiters of us is not a mark in your favor. You are stuck in your bubble that believes this whole cloth without actually looking at the very basics of the argument.
> I have been in meetings with housing strategists and investment professionals at large institutional investment firms. If I told them that there is zero correlation between housing supply and housing prices, I would be laughed out of the room.
Yea, no shit, they aren't around to want to hear the very underpinnings against their raison d'etre.
DirectorBeneficial48 t1_j9qibdl wrote
Reply to comment by PixelSquish in Want to know why NY metro housing is expensive? Answer in NYTimes OP-ED by Blecher_onthe_Hudson
You dummies keep arguing SUPPLY AND DEMAND like it's some miracle thing that solves it all. It isn't.
I'm showing my work.
I'm showing you how to view said work.
"Just build some more high rises, rents won't keep going up like this, I swear, just build more. Supply and demand, bro. One more building, we'll get there." You're like a drug addict who can't get off their high.
If it did, the numbers would not be what they are. Once you slow people get past the fact that this basic concept isn't the reason behind rent prices, then we can discuss further.
DirectorBeneficial48 t1_j9qhdld wrote
Reply to comment by PixelSquish in Want to know why NY metro housing is expensive? Answer in NYTimes OP-ED by Blecher_onthe_Hudson
You're welcome to show me the correlation between more development and lower rents here in the US. Spoiler alert: there is none. I know because I've looked it up.
I'll help you. Google up "US cities with the most development" (substitute some other synonym for development, such as "new buildings/homes" if you like). Now do the same for "Average/median rent by city in US". Hell, if you really want to get spicy, toss in a third factor and add in "US cities with the highest rent growth".
There's no correlation. Look at my first response in this thread.
>Boston had the 3rd highest rent growth among the 100 largest cities in the country last month. NYC was 84th. Of the other two cities mentioned, DC was 69 and SF was 91. Jersey City clocked in at 38th.
>
>Median overall rent (not growth) has SF at 9, Boston at 13, NYC at 14, and DC at 22. Jersey City is 7.
The particular link had rent growth from last month. If you're completely unaware and clueless and don't know what rents have grown like over time, feel free to look those up, too.
DirectorBeneficial48 t1_j9pxdpv wrote
Reply to comment by JeromePowellAdmirer in Want to know why NY metro housing is expensive? Answer in NYTimes OP-ED by Blecher_onthe_Hudson
Dipshit, I also included a median overall, which doesn't have the month-to-month variance.
DirectorBeneficial48 t1_j9px9j3 wrote
Reply to comment by pixel_of_moral_decay in Want to know why NY metro housing is expensive? Answer in NYTimes OP-ED by Blecher_onthe_Hudson
So more buildings don't lower rents. Glad we agree.
DirectorBeneficial48 t1_j9pwv0t wrote
Reply to comment by objectimpermanence in Want to know why NY metro housing is expensive? Answer in NYTimes OP-ED by Blecher_onthe_Hudson
Your link is for homeowner vacancy throughout the nation, including rural areas. The discussion involves the inclusion of rentals, notably in cities, and I also included a response as to how there's not increased demand, merely an artificial scarcity and artificially raised rates. Way to gaslight, but you're just a shithead tossing out other stuff to obfuscate what the discussion is.
In fact, a huge percentage - over double that of the overall rate - of rent-stabilized units in NYC for example, remain empty, not for "renovation", but because landlords would rather wait until they can change the laws to remove rent controls. https://www.thecity.nyc/housing/2022/10/20/23413894/vacant-rent-stabilized-apartments-nyc
Getting back to the original discussion that you tried to derail, you can repeat the same line about MORE UNITS = LOWER RENTS all you like and go THIS IS SOME BASIC SHIT, but there's literally zero connection between the two. There's no housing market trend in that direction. None. Your theory does not match with reality.
Every example the OP pointed out, shows zero correlation between those two factors. I could go on and on and have in other threads. There's no correlation.
I'm sorry you're so fucking stupid that you keep repeating the same dumb shit over and over, but that's a you problem. What you want to be true and what is, simply aren't. The reality that we live in has demonstrably shown otherwise.
There's. No. Correlation.
DirectorBeneficial48 t1_j9pke2e wrote
Reply to comment by Blecher_onthe_Hudson in Want to know why NY metro housing is expensive? Answer in NYTimes OP-ED by Blecher_onthe_Hudson
Everyone is meeting housing demands. There are thousands upon thousands of empty apartments, condos and homes in every one of those markets. The rest of what you stated makes no sense and has nothing to do with anything. Your original statement was a rhetorical why housing was so expensive in this area, and laid the blame on the areas that weren't building.
As has been shown ad nauseum in this and in other posts, more units doesn't mean higher or lower rent. There is zero connection between more or less development and higher or lower prices.
DirectorBeneficial48 t1_j9pjj3u wrote
Reply to comment by MichaelDeMarcoCEO in Blue hatchback Subaru ran stop sign and almost ran me over at Erie and 7th. Anyone living here have a camera facing the intersection? by candyghost
Start carrying rocks with you. A palm-sized one doesn't weigh much at all, but will crack a windshield or dent a panel easily.
DirectorBeneficial48 t1_j9pj4ja wrote
Reply to What Amenities WOULD Get You To... by BeMadTV
An in-apartment ATM that lets me withdraw from the landlord's account, rather than my own.
DirectorBeneficial48 t1_j9pitsv wrote
Reply to Want to know why NY metro housing is expensive? Answer in NYTimes OP-ED by Blecher_onthe_Hudson
That's a lovely argument, but none of that holds up in practice. Boston had the 3rd highest rent growth among the 100 largest cities in the country last month. NYC was 84th. Of the other two cities mentioned, DC was 69 and SF was 91. Jersey City clocked in at 38th.
Median overall rent (not growth) has SF at 9, Boston at 13, NYC at 14, and DC at 22. Jersey City is 7.
There's no correlation between more permits issued and either higher rents, or rates of increase.
An interesting note as you scroll down the article here - https://www.apartmentlist.com/rent-report/ny/new-york -
> If we expand our view to the wider New York metro area, the median rent is $1,984 meaning that the median price in New York City ($2,024) is 2.0% greater than the price across the metro as a whole. Metro-wide annual rent growth stands at 4.2%, above the rate of rent growth within just the city.
>
>The table below shows the latest rent stats for 12 cities in the New York metro area that are included in our database. Among them, Hoboken is currently the most expensive, with a median rent of $3,598. Newark is the metro’s most affordable city, with a median rent of $1,372. The metro's fastest annual rent growth is occurring in Jersey City (9.4%) while the slowest is in New Rochelle (-1.3%).
New Rochelle is in the aforementioned Westchester County that you brought up as being a culprit behind rising rents due to low permits, while JC has seen massive growth and the worst annual rent growth.
DirectorBeneficial48 OP t1_j9kgmgs wrote
Reply to comment by FollowMeKids in Best pastrami on rye sandwich, go by DirectorBeneficial48
I asked for pastrami, not gristly flaps of roast beef
DirectorBeneficial48 t1_j9gknaw wrote
Reply to Just got our lease renewal numbers. For a 12 month lease renewal, our rent will increase over 10%. I don't see how this is sustainable long term. by chazthetic
> I don't see how this is sustainable long term.
It isn't. General strike/rent strike when?
Submitted by DirectorBeneficial48 t3_118drts in jerseycity
DirectorBeneficial48 t1_j9fidh6 wrote
Reply to comment by RhodiaRoad12 in Strange odor downtown by RNFlord
If you're referring to me, I said probable, not possible.
https://www.reddit.com/r/jerseycity/comments/112aaw2/comment/j8iwguz/
DirectorBeneficial48 t1_j9cr7ym wrote
Reply to I swear this used to be a thing by paroonsharkcatfish
This is North Carolina. It's mid 50s all winter, haven't you heard?
DirectorBeneficial48 t1_j9b5lij wrote
Reply to Is there any particularly safe way to cross 12th and 14th St before the tunnel? by ChemiluminescentAshe
Cross at the light like a normal person. If you're particularly scared, hit the signal button to cross, which will actually make the walk sign longer and give you a "walk" sign, whereas if you just wait for the light, it won't switch off from "don't walk" and the light will be shorter.
Also, you can cross on the side away from turning traffic - west side of the 12th St intersection, east side of 14th.
DirectorBeneficial48 t1_j92lzti wrote
Reply to Good primary care doctor recommendations? Every office/doctor I can find online have horrendous reviews. by TechnologyPale329
I don't have any complaints about the folks at Optum, nee Riverside on 46 Essex.
DirectorBeneficial48 t1_j8xre8v wrote
Reply to comment by sutisuc in Shipping Barrel to the Caribbean Islands by frommars6
Why would people use a circular barrel? You lose so much space.
DirectorBeneficial48 t1_j8xf3nx wrote
Reply to comment by ReeseCommaBill in Experience with JC light rail? by Maleficent-Baby-1926
> becoming more and more like the honor system.
always has been
DirectorBeneficial48 t1_j8xeyyt wrote
Reply to Shipping Barrel to the Caribbean Islands by frommars6
Not really the main point, but I think the term you're looking for is not "barrel", unless you're actually planning on transporting a liquid of some kind. You'd want a shipping container/crate or some other thing with right angles.
If no one here has a good answer (and that's a pretty specific ask), perhaps go to some Jamaican restaurant or shop with Caribbean goods and ask them.
DirectorBeneficial48 t1_j8lapkf wrote
DirectorBeneficial48 t1_j8iwguz wrote
Probably not. It's about 392 miles from the derailment to Parsippany/Boonton where most of our water comes from. The Ohio River flows southwest into the Mississippi, so that's not related to us. The main issue is the hydrogen chloride. Thats a byproduct of the burning vinyl chloride.
The HC bonds to water vapor in the atmosphere and becomes hydrochloric acid. HA has a ph level of 1.1. That and the phosgene are the two huge carcinogens (that we know of) from this crash. In any case, 392 miles is a pretty far length for those gases in those quantities to travel before settling down.
That said, locales in western PA are already seeing the effects of this. If reports of dying wildlife and sick pets start occurring in places like the Pocono Mountains, then we should start worrying about the drinking water.
DirectorBeneficial48 t1_j8gu439 wrote
Reply to comment by TheRealPatricio44 in Hey Transit People: We've got to do better than 1 comment about PATH service cuts by ffejie
It's an excuse. I printed out pictures of trash cans at subway stations everywhere from NYC to DC to Atlanta to Israel to Tokyo. "The PATH is the most threatened network in the world". Fuck outta here. Anything to save a buck
DirectorBeneficial48 t1_j8f6amh wrote
Reply to Hey Transit People: We've got to do better than 1 comment about PATH service cuts by ffejie
I get it, but as someone who has complained about this for 30 years, I'm just tired of the shit already. I've done the path rider committee stuff even. I bitched about the lack of weekend and late night service. I bitched about the lack of trash cans. I bitched about the detour to Hoboken.
Nothing changed.
I guess they win, because I'm just too assed out to continue to spend this energy. Good luck to the rest of y'all, but unless I'm seeing a reddit link that says "click here, copy/paste this or something similar", man I'm just tired of trying to tilt the windmills.
DirectorBeneficial48 t1_j9rpbvn wrote
Reply to comment by PixelSquish in Want to know why NY metro housing is expensive? Answer in NYTimes OP-ED by Blecher_onthe_Hudson
We're not behind in supply. There are more empty homes than there are unhoused people even. There are hundreds of thousands of units unrented in NYC alone. The argument that building more and with more density will reduce rents has literally not held up anywhere. I'm just going to respond to this by calling you a fucking idiot who isn't showing their work because that's literally all you're doing.
You don't have a fucking clue because your argument is not holding water. There are other solutions. BUILD MOAR is not the answer. You're a fucking idiot who isn't showing their work