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Old Posted Aug 10, 2017, 4:42 PM
C. C. is offline
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Join Date: Jan 2014
Posts: 3,014
I always laugh at suburbanites that look at a 60 floor building and claim oversupply. Yet a new subdivision or two may occur on the fringes of a suburban town and no one things anything of it.

These structures are about 300 units each. Jersey City is easily absorbing 300+ apartment units monthly due to a rising population. This one 60 story tower represents a one month supply. An average subdivision may be a couple hundred homes. Yet no issues when those are being built. It's only an oversupply if it's contained in a tall, single building.
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