It's all great, but this means it's also time for Hackensack to strengthen its Rent Control Ordinance. Last I heard, Hackensack allows 5% a year. Many places are changing to the CPI-U for NY, Northern New Jersey, and Long Island.
It makes no sense for everyone to be maxed out on rent. It's better to have folks with as much disposable income as possible. Consumers power the consumer economy. Or in the absence of strong rent control, consumers power the greed of landlords, and all that rent money is sucked out of Hackensack and usually out of New Jersey.
