[bossabreezes]

I wonder how the post-covid real estate market will look in JC.

I own property there and from what I've seen, prices are down around 15% for sales. It seems less negatively impacted than New York City proper in this department, but still not good.

I wonder if all of this construction is going to cause a glut, or if after the pandemic has passed things will roar back and create even more demand. Hoping for the latter. The whole NYC urban market is very depressed right now and don't want to see that hold for long.

I invested in JC because I truly think it's a gem and offers shorter commutes to Manhattan than most places in NYC, as well as seeing the potential for great increase in valuation over the next 2-5 years. Hopefully I wasn't wrong, lol.