Forget the current low interest rate situation. Manhattan's resurgence as a hub for tech startups that pay high salaries has been a boon to the Jersey City market. But a bursting tech bubble in Manhattan coupled with a glut of rentals (estimated around seven THOUSAND) coming online over the next two years is going to spell trouble for condo owners in JC because there will be rental-to-condo conversions of older rental buildings to balance out rental unit supply and alot of those high-paying tech jobs are going to vanish into thin air very quickly. There are very few units on the market in JC right now by historical standards, so a spike in inventory when these rental-to-condo conversions happen will drive down condo prices. Right now is a terrible time to buy in downtown JC and I'd be trying to sell if I owned a condo there.