If anyone read the example in Red Bank from the the redbankgreen blog above, between the State politicians and their horrendous Mt. Laurel requirements and the local zoning boards, it is no wonder housing is so expensive. The bigger problem, however, is the investors and big builders buying up the lower end homes, demolishing and renovating them and flipping them for big bucks.
I'm missing how Mt Laurel increases prices.
It permits more density. More density = more homes. More homes = more supply. More supply = less demand. Less demand = lower prices.
The issue in Red Bank is Red Bank is very small. On the bright side, it's surrounded by other areas in the same school district with similar values. You can walk from northern Shrewsbury to the Red Bank station. The bad part is most of them are also quite expensive. Tinton Falls would be the local cheap area, and it's not that cheap and its schools would be a noticeable step down.
Really, what that area needs is more housing in the areas with extremely large lot zoning- Navesink section of Middletown and Colts Neck being great examples- and ways to get people from there to the ferries and trains and buses.
It's fair to say someone who works in Red Bank can live in Tinton Falls, but strikes me as really unfair to say if they want a detached house moved to Ocean County (and we all know the threads panning it).