The New Jersey Housing Market is in Chaos!

🎙 Passive Cash Flow Podcast EP.182 | The New Jersey Housing Market is in Chaos! Soco Construction discussed New Jersey"s high-demand, high-cost real estate market on the Passive Cash Flow podcast. The 100% employee-owned firm, known for projects like the Monmouth Mall redevelopment, now faces a skilled labor shortage, a greater hurdle than current material prices. Developers navigate complex affordable housing rules via creative strategies for municipal approval. The crucial first steps for new developers are building a strong team and conducting a site evaluation well before breaking ground, with early contractor involvement key to cost and regulatory management.   🧠 Topics Covered: 0:00 Introduction & Market State 2:11 Why NJ Housing Demand is Strong 5:14 Repositioning of Malls 8:50 Post-COVID Construction Costs 12:10 The ESOP Company Model 14:23 Affordable Housing Mandates 18:41 Property Tax Impact on Deals 23:08 Client Work: Multi-Family vs. Commercial 27:54 Best Daily Habits & Books 31:17 Wrap-up & Podcast Info 📚 Enhance Your Investing Knowledge: Learn more at https://www.peoplescapitalgroup.com/ 🔗 Follow Us: 📘 Facebook: https://www.facebook.com/profile.php?id=100093318587146 📸 Instagram: https://www.instagram.com/real_estate_investments_nj/?hl=en 🐦 X: https://x.com/PCGrealestate 💼 LinkedIn: https://www.linkedin.com/company/peoples-capital-group ⚠️ Disclaimer: This is not a solicitation for funds, tax advice, or legal advice. This is not intended to be, and must not be construed to be in any form or manner a solicitation of investment funds or a securities offering. Peoples Capital Group LLC is NOT a United States Securities Dealer or Broker nor U. S. Investment Adviser is a Consultant/service provider and makes no warranties or representations as to the listener or viewer. All due diligence is the responsibility of the investor. Support the show