How hot is this market! I’m convinced it’s one of the top 5 in U.S.A
Agreed 100%. I think this is fast becoming an uneconomical market. Especially given the limits to increasing rents here as per rent control. May still offer opportunity for flippers out there and those who are comfortable on some of the trickier blocks but that's not my bag. Amazing run-up in the past few years.
@Trevor Ierien I can’t speak for the US but I can certainly speak for northern NJ and say the level of competition and amount of appreciation it has seen in recent years is outstanding. It will be interesting to see if this unprecedented growth can continue regardless of the stringent rent control laws and if south and central Newark will eventually transform as did the rest of the wards.
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