Union City, NJ Investment Potential

[Vivek S.]

Hi All, hope all is well and that everyone is off to a good 2017. Would like some advice from fellow New Jersey investors/realtors. I'm thinking of buying a luxury condo as personal residence (not rental property) in Union city around Palisades Ave. Taxes are high in UC but wanted to get a general sense if investing in Union City make financial sense. Some folks that I speak to say UC the next Hoboken and there is potential for price appreciation and growth but am not quite convinced.

Would like to hear from UC investors and realtors regarding this topic.