Jersey City Set to Add Nearly as Many Apartments as Manhattan in 2024

[bilbao58]

Originally Posted by Gantz

None of those numbers are staggering. They are all very small numbers.

Staggering wasn't my word.

[bilbao58]

Originally Posted by Gantz

Glen Rose and to Commerce, 141 miles by car.

I'll bet all those cows between Rockwall and Commerce just love their new apartments.

[DCReid]

Originally Posted by Gantz

Just to give some perspective, all of Brooklyn is the size of Plano on your map.
Also, Dallas-Forth Worth metro is like double of your diagonal line, it extends to Glen Rose and to Commerce, 141 miles by car.

And getting longer. I had meant hundreds of square miles, not hundreds of miles in one direction. But an important point is that it is extending out even further and further away from the core city of Dallas.

[bilbao58]

Originally Posted by DCReid

I had meant hundreds of square miles, not hundreds of miles in one direction.

Well, that's even worse because D-FW is over 9000 square miles.

And anyway, we are still just talking about the number of new apartments.

[iheartthed]

Originally Posted by bilbao58

Now look at the New York metropolitan area, which is what the RentCafe article is about.

That's the NY CSA, not the metropolitan area. None of Connecticut is in the NY MSA, nor does the MSA extend north of Putnam County in New York State. Pike County, PA, is also no longer included in the NY MSA.

[bilbao58]

Originally Posted by iheartthed

That's the NY CSA, not the metropolitan area. None of Connecticut is in the NY MSA, nor does the MSA extend north of Putnam County in New York State. Pike County, PA, is also no longer included in the NY MSA.

It doesn't matter. The article was about sheer numbers of new apartments. That NY's metro built the most is kind of expected because of its population. That D-FW built the same amount is less expected. That Austin built so many, considering its low population, is what I find most interesting.

Now back to Jersey City.

[MolsonExport]

That NY's metro built the most is kind of expected because of its population.

Maybe but one should be able to say the same for LA, yet they are wayyyyy down the list.

[bilbao58]

Originally Posted by MolsonExport

Maybe but one should be able to say the same for LA, yet they are wayyyyy down the list.

California has a housing problem. That problem being they aren't building housing.

And about Dallas-Fort Worth being so much larger in area: I would think that would reduce the demand for building apartments as opposed to houses, making the numbers even more surprising. Maybe it's just a result of "high" interest rates. I use the quotation marks because current rates are not historically high. We've just got ourselves accustomed to the recent historically low rates.

[Busy Bee]

Pretty sure the census was conducted in the middle of covid after hundreds of thousands of people moved out of NYC. A big chunk of those people have moved back and the homes of the ones that didn't filled by new arrivals. Unless there were huge amounts of families that left at that time that have been replaced by smaller households, no way the city is still down 500k, let alone loosing another 75k in the last year.