Gentrification in New Jersey Cities (safety, popular)

[CaptainNJ]

Originally Posted by Ninjahedge

When too many people believe that "they paid for that" and that somehow paying taxes absolves them of any civic responsibility is something I see a little too often.

what are they paying taxes for? just an extortion fee?

[Ninjahedge]

Originally Posted by CaptainNJ

what are they paying taxes for? just an extortion fee?

They pay taxes to try to run the city. Provide police protection and fire protection. Keep buisness owners from coming in and converting 3/4 of the town into a Mega-Supra Wal Mart Outlet.

They are not there to pick up after you and babysit your children for you.


I am not saying you, I am not saying any place in particular, but people have this rather cavalier attitude that if they pay for something they have the "right" to do nothing with, about or for it.

"I pay my taxes". Congrats. You want to know that your portion of taxes payed for 1/4 of a patrolmans salary? Or that is was enough to re-sod 1/10 of the rec field? Or heat the local HS for a week?

Do not get me wrong. Coming from Hoboken now, and their HUGE budget "oversight" (and our almost doubling of taxes for this fiscal year), I am not for increased taxes being taken and thrown out the window as fertalizer. It needs to be accounted for.

But you do not kick the dog you just bought simply on the merit that "it's yours, you can do what you want with it". There is a certain amount of care and responsibility that every town resident should take to try to keep their town nice.

Nothing big, but a lot of little things does add up after a while.

[JG183]

according to the author below, Asbury Park, West Long Branch, and Perth Amboy may see some gentrification, but we've been hearing that for a long time now...

New Jersey Multifamily Market

The multifamily real estate market in New Jersey continues to remain very strong throughout the state. The rental market is experiencing the lowest vacancy rates in quite some time, and demand from investors in the multifamily arena far exceeds the amount of available properties on the market for sale. Counties that are experiencing the strongest activity include Bergen, Essex, Passaic, and Monmouth, all with vacancy rates below 5%.

With respect to New Jersey’s multifamily rental rates, the strongest submarkets are on the waterfront, where rates measure $2,000 per month and above. Average rental rates away from the waterfront are below $2,000, but remain strong in areas along mass transit hubs. Areas that are more than an hour from New York City are the softest. New construction, particularly in the condo market in New Jersey, has slowed recently due primarily to the tightening in the debt market. Financing has become more challenging as lenders are becoming more conservative than they have in the past, requiring borrowers to make larger initial down payments. In addition, development in the multifamily sector throughout New Jersey in the past several years has slowed due to an increase in construction costs. As a result, developers are being very cautious and are focusing on more proven locations, such as middle to high-end waterfront rentals and condos that command higher sales and rental rates. There is, however, a flurry of new waterfront development activity in places like New Jersey’s Gold Coast, Asbury Park, West Long Branch, Perth Amboy, and Atlantic City.

New "mixed-use" development is also occurring in towns that do not have a traditional “walkable” downtown area, creating the downtown atmosphere with a mix of retail, apartment rentals, and condos. This creates a desirable location for both shopping and living. Examples of this include Livingston Towne Center and Englewood Towne Centre. New Jersey’s multifamily market is constantly changing, but the next area people should keep an eye on is the New Jersey to Pennsylvania corridor. New Jersey residents are beginning to move farther away from New York City, where there is more affordable housing and large tracts of land for new development. Both residents and developers are rapidly discovering the appeal of the area. Overall, New Jersey’s multifamily market is constantly evolving due to fluctuating rental, sales, and vacancy rates, as well as in-demand locations. While no one can predict the future, the state is well positioned for continued growth based on its outstanding demographics, close proximity to New York City and a diversified economy.

— Jeffrey P. Wiener is the president of The Kislak Company, Inc. in Woodbridge, New Jersey.

[The Michigan Man]

If costs of living go up, people who can't afford to live there may have to move. That's life. No one has a right to live anywhere. Gentrification means an area is more valuable and has more economic activity, that is a GOOD thing.

[block911]

Can't wait!

NJIT: Gateway: Details of the Campus Gateway Project

[Ninjahedge]

Originally Posted by The Michigan Man

If costs of living go up, people who can't afford to live there may have to move. That's life. No one has a right to live anywhere. Gentrification means an area is more valuable and has more economic activity, that is a GOOD thing.

It has also come to mean the removal of the local shops with replacement by national chains.

You no longer have teh local coffee shop, you get Starbucks. You get Red Lobster, TGIF, The Gap, Wal-Mart, Applebees, Chilis, and Sketchers.

Now while I like some chain stores, coming from an area like Hoboken where you see both sides of "gentrification" you see the cocroach legs being pulled out of the salsa. But you alse see the jalepenos being taken out too.

In the end, you end up with a very clean Ketchup.

[SilkCity0416]

Originally Posted by The Michigan Man

If costs of living go up, people who can't afford to live there may have to move. That's life. No one has a right to live anywhere. Gentrification means an area is more valuable and has more economic activity, that is a GOOD thing.

Question: What if rich Canadians decided to live like that, and begain to move to parts of America where the poverty level is high, such as Appalachia, will one feel the same way?

[ckhthankgod]

What about cities like Trenton, Camden, Millville, Bridgeton, Vineland and Burlington?

[The Michigan Man]

Originally Posted by SilkCity0416

Question: What if rich Canadians decided to live like that, and begain to move to parts of America where the poverty level is high, such as Appalachia, will one feel the same way?

If I was in Appalachia, I would love it. Rich people spend money. (Disclosure: I'm not rich).

[The Michigan Man]

Originally Posted by Ninjahedge

It has also come to mean the removal of the local shops with replacement by national chains.

You no longer have teh local coffee shop, you get Starbucks. You get Red Lobster, TGIF, The Gap, Wal-Mart, Applebees, Chilis, and Sketchers.

Now while I like some chain stores, coming from an area like Hoboken where you see both sides of "gentrification" you see the cocroach legs being pulled out of the salsa. But you alse see the jalepenos being taken out too.

In the end, you end up with a very clean Ketchup.

I hear what you're saying. I don't like Vanilla-zation either but hey, lots of people must like it if they will support these businesses over a local flavor. Gotta blame the demand on this one. Most people generally don't have taste.