The New Mayor. A Double Edged Sword.

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Congratulations to new mayor Dawn Zimmer. Wondering if property owners voted for her? On one hand more parks and bike lanes mean less development. This means growth of supply of homes is restricted. Fewer new homes means buyers have to buy existing homes… Prices should go up.

Now how to pay for those parks? Higher taxes. (Not saying the new mayor will raise taxes, just if the city has to spend for the parks and forgo new construction revenues..taxes will be higher than if they don’t) Higher taxes mean less home the buyer can afford…. keeping prices down. Where will it balance out?

If you don’t like the Zimmer administration, next time VOTE FOR PEDRO.

Hoboken Real Estate
Available Condos
19 Studios
154 1 brs
280 2brs
66 3+ brsInformation deemed reliable but not guaranteed

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