 Kannekt Forum Index Jersey City Real Estate  Toll to Wall Street Analysts "Jersey City and Hoboken markets are strong"
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Toll to Wall Street Analysts "Jersey City and Hoboken markets are strong" | #1 |
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Anonymous
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In its latest conference call, Toll Brothers said that "A few markets, such as Hoboken, Jersey City, Manhattan and Brooklyn,
are quite strong." Good to hear that despite a serious downturn in other markets, RE is still going strong in JC and Hoboken. |
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Re: Toll to Wall Street Analysts "Jersey City and Hoboken markets are strong" | #2 |
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Anonymous
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Demand for residential real estate and ultimately residential real estate prices are driven by local economic conditions, more than anything else. The booming New York financial industry continues to attract people to the area, supporting demand for homes in neighborhoods which are convenient to Manhattan.
Unfortunately for Hoboken and Jersey City homeowners, the accelerating volume new for-sale supply will prevent prices from rising very much. |
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Re: Toll to Wall Street Analysts "Jersey City and Hoboken markets are strong" | #3 |
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Anonymous
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Quote:
Hoboken is nearing build-out completion. I predict in 5 years you will see prices in Hoboken start to spike. It could even be sooner if builders halt current projects - like they seem to be doing at Monroe Center. |
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Re: Toll to Wall Street Analysts "Jersey City and Hoboken markets are strong" | #4 |
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Anonymous
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What you are also seeing is the end of exurbs. No one wants to commute 2 hours anymore to get back and forth to work just because they can afford that 2500 sq ft home with a yard. That isnt the ideal anymore, no one cares that how big your home is around here rather how quick your commute is or how convient seems to be the importance to the gen x'ers. They could care less to live like their parents moving further and further away from the cities. They are taking their time to have kids, and focusing on their careers. Both men and woman are working well into their 30's and can afford a one or 2 bedroom city home up to a million dollars.
Change of times, get use to it. |
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Re: Toll to Wall Street Analysts "Jersey City and Hoboken markets are strong" | #5 |
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Anonymous
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Quote:
Some valid points. I can't find the article in my files, but there was an informal study done by NYU students who tracked 50 married couples who moved to the burbs after being in the city for more than 10 years. Something like 70% of them were divorced or had moved back into the city in a 4 year span..Don't remember all the data per say. I know of 2 of my freinds who got married, had a kid, moved to the burbs.After 3 years both have moved back to the area..The commute killed them. Schooling is there next issue as they say, but they'll deal with that when the time comes I guess. I grew up in the burbs, been in NYC/ now hoboken for 15 years..Never going back to grassy knolls. |
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Re: Toll to Wall Street Analysts "Jersey City and Hoboken markets are strong" | #6 |
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Anonymous
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Toll doesn't have anything in JC so I doubt they would mention that it is strong. Hoboken is doing OK for them but if everything is rosy they would not consider to develop the remaining HTBs as rental. Dah.
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Re: Toll to Wall Street Analysts "Jersey City and Hoboken markets are strong" | #7 |
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Anonymous
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Quote:
700 Grove is in JC. |
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Re: Toll to Wall Street Analysts "Jersey City and Hoboken markets are strong" | #8 |
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Anonymous
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Toll is going to build a 45 floors high rise next to Grove/Colombus Building.
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Re: Toll to Wall Street Analysts "Jersey City and Hoboken markets are strong" | #9 |
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Anonymous
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Toll seems pretty good at getting involved in projects in areas they want to be involved in. And yes, the manochevitz factory is there's. They'll probably have a proposal soon.
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