3 ms·
Agreed, though Park Slope and Fort Greene are already both rather expensive and low on housing inventory. My bet for biggest price increase in the next few yea
by evanelias 10y ago
Agreed, though Park Slope and Fort Greene are already both rather expensive and low on housing inventory.
My bet for biggest price increase in the next few years is on Hoboken and downtown Jersey City. On PATH it only takes 10 min to get from Hoboken to Flatiron, the Village, or WTC. And PATH actually keeps to its printed schedule tightly since it's a much shorter set of lines. The commute time is hard to beat, especially for people fleeing Williamsburg and working somewhere around Union Square or Flatiron.
Granted, Jersey is infinitely less hip than Williamsburg, but honestly modern Williamsburg has more bros than hipsters anyway. And given the huge cost of living difference (currently Williamsburg costs 2-3x more than Hoboken, and 3-4x more than JC) and lack of NYC income tax, Jersey becomes pretty compelling. The stigma will fade, just like it has for Queens, and Brooklyn before that.
- kchoudhu 10y agoWe looked into buying in JC and Hoboken before abandoning NY for good. Avoiding NYC taxes would have been nice, but the PATH train service was patchy at best on weekends, and the town was pretty expensive. Apparently lots of Wall Street types had already had the same idea as you.