You need longitudinal data to make any clear conclusions. Market actors will compensate in other areas to adjust to an increased cost. This immediate change is evidence of a transitory shock to the space and nothing more.
this post was submitted on 10 Jan 2025
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Hilarious, a move that was proven to work in Istanbul was avoided... Because..?
Republicans.
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Just out of curiosity, does anyone know the average fare of getting from NJ to NYC by train?
Depends on where you're starting from. From my town, it's about $8.50 each way to/from Penn Station, and it's usually a 35-40m ride (edit: assuming NJTransit is on time, lol), with roughly hourly trains on weekdays and every 2h (plus a transfer) on weekends.
If you're starting from down in (e.g.) Princeton, though, it's going to be more like $19.
Is there some kind of monthly transit pass you can buy to make it cheaper overall for regular users?
Yes, but it's not a huge savings. 10% on a weekly pass (so only worth if if you're coming in all 5 days) and maybe 25% for a monthly (assuming you're in 20 days in the month).
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