Its a bird , Its a plane , oh wait its a supertall and its coming to a Jersey City near you! 1000Ft+ / 82 Stories (Washington: homes, neighborhood)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Location: Splitting time between Dayton, NJ and Needmore, PA
1,184 posts, read 4,036,965 times
Reputation: 766
Quote:
Originally Posted by Nexis4Jersey
Theres too much supply and not enough demand in this region which why prices are so high....this should take a small bite out of out of the demand. To put a huge dent you need at least 30,000 apartments / Condos.
Re-read what you wrote. It doesn't make any sense for the Supply-Demand Theorem.
so its just a matter of him not saying it right? i believe he should have said that the demand is high and the supply is low, which is why prices are high. additional units would take a bite out of the supply shortage, causing prices to go down.
so if nexus is correct (or my re-interpretation of what he said is correct), i guess there would be the demand for units in this building. that would be great.
I would guess that PATH access was a major consideration.
Sure, I agree. But such buildings tend to be expensive and the neighborhood near JSQ does not support high $$$.
I always assumed such a building would be built along Washington Blvd in Newport or Hudson St in Exchange Place. Both with access to PATH.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.