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Here's the answer if you're wondering. The people who are buying these townhouse "tend" to be old generation asian. Do you think they know how 401K and IRAs work? Not really, so they look at buying a house as an investment with intent to rent it out.
Here's the answer if you're wondering. The people who are buying these townhouse "tend" to be old generation asian. Do you think they know how 401K and IRAs work? Not really, so they look at buying a house as an investment with intent to rent it out.
Generally older generation don’t like like the vertical townhouses with lots of stairs unless they have an elevator, and even then not so much. Builders know this. They are for younger couples or families. You can tell by the way they are decorated.
What I have seen in suburban NJ happening is beautiful old single family homes are being bought, then torn down to make a MULTIfamily building as large as can fit. Horrible...added traffic, added people in an already cramped up area. So sad that zoning regulations allow that. This is happening a lot in areas like Cliffside Park and Ridgefield, to name a few examples of places I´ve seen. Sometimes, they also build those horrible box like looking homes with the garage underneath. As for market, I tend to see younger types...particularly Asian or Arab buying them...but not always. Older people generally will buy condos or places without stairs...my parents being a stubborn exception to the norm since they love single family and will never even consider moving into an apartment building or community type arrangement.
Here's the answer if you're wondering. The people who are buying these townhouse "tend" to be old generation asian. Do you think they know how 401K and IRAs work? Not really, so they look at buying a house as an investment with intent to rent it out.
LOL.
Well, I bought mine from an old Korean couple, but they appear to have been the ONLY "old generation Asians" who lived in this complex, because I don't know of one other such couple that lives here.
What I have seen in suburban NJ happening is beautiful old single family homes are being bought, then torn down to make a MULTIfamily building as large as can fit. Horrible...added traffic, added people in an already cramped up area. So sad that zoning regulations allow that. This is happening a lot in areas like Cliffside Park and Ridgefield, to name a few examples of places I´ve seen. Sometimes, they also build those horrible box like looking homes with the garage underneath. As for market, I tend to see younger types...particularly Asian or Arab buying them...but not always. Older people generally will buy condos or places without stairs...my parents being a stubborn exception to the norm since they love single family and will never even consider moving into an apartment building or community type arrangement.
Or the ones that look like a big garage to which a house was attached as an afterthought.
Or the houses that look like a big garage to which a house was attached as an afterthought.
Yes! Maybe I´m too weird for my young age, but I really do prefer really old construction...the older the house, the better for me. I am now looking to buy in NJ but not near NYC.
Am I the only one who doesn’t see the appeal of a townhouse at all? Expensive HOAs, shared space along with all the negatives you get with renting an apartment (noise, smelly foods, etc.) I would rather buy a SFH with 2-bedrooms with a tiny yard if I’m concerned about maintenance over a townhouse.
Am I the only one who doesn’t see the appeal of a townhouse at all? Expensive HOAs, shared space along with all the negatives you get with renting an apartment (noise, smelly foods, etc.) I would rather buy a SFH with 2-bedrooms with a tiny yard if I’m concerned about maintenance over a townhouse.
How about a SFH with an HOA?
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