Newbie looking to invest in Journal Square area - am I too late?

[Colette B.]

Hello, friends! I've had great luck finding affordable apts to rent in NYC, so haven't ever bought a place, but have managed to save up and would like to buy my first place as an investment. I'm thinking of going to the Journal Square area of Jersey City, since that seems to be undergoing a positive change. Does anyone know anything about the market in this area? Am I too late to get a good deal? I found one building and it looks like the time to buy was 3 years ago, but I think there's still a lot more up to go. Any thoughts or advice would be much welcomed and appreciated!

THANKS!

[Colette B.]

@Marc Weisi thanks for that, and it all makes sense. I went out to Journal Square from WTC recently and couldn't believe I was there in about 10/15 mins., so I think as people get priced out of downtown JC, Journal Square will continue to grow.