Hoboken Gold Coast
[Continuing the ORIGINAL Hoboken411 “Photo of the Day” series…]
Gold Coast of Hoboken; Literally
You’ve surely heard of the phrase here in New Jersey, the “Gold Coast.” It’s often used by Realtors to promote the thousands of available properties sitting vacant outside New York City.
To be honest, I have not looked up what the origin of this phrase is – despite several people I know telling me it came somewhere from Chicago at one point. Don’t want (or need) to know.
My question: Is the area surrounding Manhattan truly considered a “Gold Coast?” If so, why? Because of the “bubble” we’re in? The fact that economic strain hits us later than the rest of the country?
What happens if (and when) more serious economic troubles hit this area? Wouldn’t that make the “crash” that much more difficult to deal with? Slower to rebound from?
Anyway – I (literally) created this image of Maxwell Place if it were truly a “gold coast.” Not sure how close to the real color of gold I got it, but I tried.