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I live in Cranford. It's a very nice town and my family and I enjoy it very much. Great schools, good sports programs, great community. It is not "high end" - sorry if that insults people. People making great money coming from NYC rarely move here. The stock of $1MM houses is a low percentage of the town. The restaurants and bars in town are typical suburban places. It's a nice upper middle class town, but it's no Scarsdale, or Short Hills or Greenwich. Those are high end towns.
The only thing high end about Cranford is the price tag that real estate agents like to push, the area is middle class. I don't see rows of million dollar homes. Price tag doesn't define the level of a neighborhood.
For example, there are many $750k homes in Edison area near train stations and the area is surrounded by many starter homes.
I wouldn't even say the price tags are high end. $750K is not high end. It'll get you a very nice house in most NJ towns, including Cranford (look at the listings now). In Short Hills it'll get you a shack.
It really depends on which town you're talking about. From what I see in Princeton prices are going up, way up. The rising rate expectation drives many people off the fence to buy now before it goes up even furthur (I think chance of a hike is at 66% before June). I'm more talking about houses priced at or below median price (which is about 1M here).
LOL have you been anywhere in NJ during or right after winter and seen how had the roads are?
So you approved the road condition we have here while paying NJ has the highest property tax in the nation and one of the highest income taxed state in the nation?
One risk factor I see (but not discussed anywhere) is the houses purchased by H1B visa holders while still waiting for their green card. With the "twitter president" tightening the noose around them, I wonder if there will be a lot of forced selling in the near future?
One risk factor I see (but not discussed anywhere) is the houses purchased by H1B visa holders while still waiting for their green card. With the "twitter president" tightening the noose around them, I wonder if there will be a lot of forced selling in the near future?
Do H1B visa holders represent a significant amount of homeowners? I know they don't qualify for mortgages with most banks.
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