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Old 12-10-2007, 06:11 PM
 
9,124 posts, read 33,718,604 times
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Quote:
Originally Posted by By~Tor View Post
Well, at a $175 listing, and with the housing "crisis" being what it is, I may be able to get us into that 150 range, there...
Ahh....the "housing crisis"- that magical thing that the media keeps talking about, but which never seems to actually materialize much in central NJ. If any group of homes are taking a hit on their pricing in NJ, it's not the low-end starter homes- they'll just be bought up faster by the people who can't afford to spend more like they could have when the stupid mortgage programs were around- it's the people with the $400k, $500k, etc., homes that Joe Average can't swing anymore because he can't get a "zero-down, no interest, reverse ARM mortgage".
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Old 12-10-2007, 06:13 PM
 
Location: Pittsburgh, the Iron City!!!
803 posts, read 2,765,378 times
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True dat.... which is why we decided NOT to borrow more than our means, and go for what we know we CAN afford, and hope that it will appreciate eventually...
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Old 12-10-2007, 06:18 PM
 
9,124 posts, read 33,718,604 times
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Here's the kind of beauty you can find in Essex County in your price range- in fact, it's only $89k! You'll not that all of the baseboard heating has been ripped out of the walls, as has the bathtub diverter- all stolen for the copper. Nice area to get together for a family BBQ, huh?

Single Family Home - NEWARK, NJ, 07106 - Realtor.com
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Old 12-10-2007, 06:19 PM
 
Location: NJ
12,284 posts, read 32,844,786 times
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Quote:
Originally Posted by By~Tor View Post
True dat.... which is why we decided NOT to borrow more than our means, and go for what we know we CAN afford, and hope that it will appreciate eventually...

everyone here has told you the truth. you can hold on to the dream tightly, but the reality is you cannot find a place close to NYC/Newark, single family with low crime for your price point. you could barely find it 15 years ago when i bought my first house. you want low crime? it's going to be away from NYC (like CuCullin). you want close to NYC? there's going to be high crime OR a small condo.

it's like the old saying "cheap, fast or right" - pick any 2.

as i mentioned in the other thread - the cheapest single family house in bayonne right now is $370K. you can get a boarded up shack in east orange or irvington for $150K - maybe they'll supply the Uzi too. Good luck to you!
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Old 12-10-2007, 09:40 PM
 
562 posts, read 2,472,918 times
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you might be able to buy in Elizabeth.. not in a good area.. but you'll be able to buy.. this is why many people are still moving into this city.. b/c it's not Newark.. even the worst part of Elizabeth, it is way better than living in Newark..

Single Family Home - 612 s. park st., Elizabeth City, NJ, 07206 - Realtor.com

you can see in the pictures that there are new construction houses all around this house.. so if you ever decide to demo and rebuild into a new home, you'll be able to..

and you are about 15 miles to Manhattan.. this property is about 1-2 miles to where the new ferry to nyc will be located..
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Old 12-10-2007, 10:09 PM
 
Location: Rahway N.J
2,093 posts, read 5,089,190 times
Reputation: 3360
Quote:
Originally Posted by By~Tor View Post
Actually, I have no issues with Elizabeth, except that nothing's in our price range.

I've scoured the MLS listings for over 8 hours now, and to find anything that doesn't look like a tar-paper shack, we're looking as far out the train lines as Somerville, Mahwah and Boonton, but alas, these areas make the commute too far to be reasonable.

I KNOW we're asking for alot, "safe", "close" & "Cheap", but I'm sure there HAS to be some little bastion of humanity left out there, within spitting distance of NYC... I find it hard to believe, that every single family out there earns sooooo much, that they've priced out the areas to over $150K per shack...
This might be a little more than you want to spend on rent
But this is a house for rent in the Inman Hgts Section of Rahway
it also has a finished basement and yard
Here is the mls # 2464773 and no it is not my listing
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Old 12-11-2007, 12:51 AM
 
2,849 posts, read 5,564,237 times
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Quote:
Originally Posted by jstar41 View Post
you might be able to buy in Elizabeth.. not in a good area.. but you'll be able to buy.. this is why many people are still moving into this city.. b/c it's not Newark.. even the worst part of Elizabeth, it is way better than living in Newark..
Don't try to rose garden that place. Newark has a lot of crime but Elizabeth ain't exactly a rose garden. "You'll be able to buy in Elizabeth...not in a good area...but you'll be able to buy?" C'mon

As Bob stated, for that price range, NE corridor and Central Jersey should be considered; quick train zip to Nwk/NY

Last edited by 66nexus; 12-11-2007 at 01:03 AM..
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Old 12-11-2007, 05:21 AM
 
Location: Pittsburgh, the Iron City!!!
803 posts, read 2,765,378 times
Reputation: 240
Funny, that's actually one of the ones I had seen earlier i the day, Bob!!!
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Old 12-11-2007, 05:23 AM
 
Location: Pittsburgh, the Iron City!!!
803 posts, read 2,765,378 times
Reputation: 240
Quote:
Originally Posted by tahiti View Post

it's like the old saying "cheap, fast or right" - pick any 2.
Ahhhh, yes - - the infamous "Service Triangle"!--Funny, because I used that visual to explain it to my gal last night, as we went over the availabilities within our range....
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