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Location to NYC and the fact that it's been turned around over the last 25-30 years.
That said, oftentimes it's still overpriced (for what you are getting) despite it being slightly cheaper than Manhattan and a lot of Brooklyn. Hoboken has a lot of issues socially, politically, and infrastructurally. I've lived there, I can say the grass is much greener elsewhere when you are in your 20s. Nice to visit mind you, but not to live there year round.
Or, to put it in other terms...that old cardinal rule of economics...Supply & Demand.
Surely the OP has heard of that concept.
Or that old cardinal rule of real estate... Location, Location, Location. (which really is supply and demand, since the lack of supply to meet demand in the desired location makes the real estate a premium)
While you may not think so, thousands of others disagree.
Personally I'm not into Hoboken much. There was some good places to go but they slowly but surely shut down to make way for a tenant who will pay more. I can think of maybe two bars I like to hang out there but not enough to get me to go there.
But for others, if offers just what they want. Conveniences of NYC to many degrees with having accessibility to a lot of what's great about NJ.
Is it overpriced? Sure. But I could say the same about my apartment in East Rutherford if I wanted to make the case for it.
While you may not think so, thousands of others disagree.
Personally I'm not into Hoboken much. There was some good places to go but they slowly but surely shut down to make way for a tenant who will pay more. I can think of maybe two bars I like to hang out there but not enough to get me to go there.
But for others, if offers just what they want. Conveniences of NYC to many degrees with having accessibility to a lot of what's great about NJ.
Is it overpriced? Sure. But I could say the same about my apartment in East Rutherford if I wanted to make the case for it.
Don't like it? Don't live in it.
What you said about Hoboken, could be said about most of NJ for cheaper.
I don't, but I don't get it. I'm wondering it's just hype. Hoboken is great to live in (said someone) and everyone else just blindly agrees.
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