Paramus taxes up 20% or more! (Hillsdale, Highlands: new house, buying, median income)

[BobKovacs]

Originally Posted by wileynj

Trade Zone..Mt. Olive 10 mins. Parsippany..too many to list - 28 mins. NYC 1hr. 13 mins. Shall I keep typing......

Nah- you can stop....lol.

[BobKovacs]

Originally Posted by tommyc_37

Taxes and home prices are high because that's what the market dictates, i.e., that's what people are willing to pay. There's a reason why large houses in Georgia, Texas, and Charlotte are so cheap. Because it's less desirable than NJ. It's just that simple.

"Desirable" is a subjective term, but usually isn't something that negative population growth is indicative of. And are people really "willing" to pay those prices, or is it that they've got little choice? It's like saying "prices are high because salaries are high"- is it that, or is it "salaries are high because prices are high"? It's the old chicken/egg argument.

[TheEmissary]

Originally Posted by tommyc_37

Taxes and home prices are high because that's what the market dictates, i.e., that's what people are willing to pay. There's a reason why large houses in Georgia, Texas, and Charlotte are so cheap. Because it's less desirable than NJ. It's just that simple.

So far! Let's see what the future holds! The middle-class flees, leaving the rich and poor. Kinda like "the Manhattan effect"! Love those taxes, they'll be going up for everyone!

[tommyc_37]

Originally Posted by BobKovacs

"Desirable" is a subjective term. And are people really "willing" to pay those prices, or is it that they've got little choice? It's like saying "prices are high because salaries are high"- is it that, or is it "salaries are high because prices are high"? It's the old chicken/egg argument.

Desirable is subjective, correct. But from what I keep hearing, salaries are not that much higher here than elsewhere. Bob you yourself have said that you are earning more down there than you did up here. Salries are really just higher in the financial sector, and maybe a few other industries.

There are MORE jobs in New York and North Jersey than in most other places, that's why there are so many people up here. That also drives prices up.

[tommyc_37]

Originally Posted by TheEmissary

So far! Let's see what the future holds! The middle-class flees, leaving the rich and poor. Kinda like "the Manhattan effect"! Love those taxes, they'll be going up for everyone!

People like you that keep saying this are such extremists. There will never be an area in this country that strictly has rich and poor, without a middle-class.

[mike0421]

Originally Posted by BobKovacs

"Desirable" is a subjective term. And are people really "willing" to pay those prices, or is it that they've got little choice? It's like saying "prices are high because salaries are high"- is it that, or is it "salaries are high because prices are high"? It's the old chicken/egg argument.

There's another reason, Bob, why housing is cheaper in suburban areas near towns in Texas, Georgia, and North Carolina. Actually two reasons, paired together: 1) more availability of land coupled with 2) less restrictions/regulations in general, when it comes to construction permitting and standards, especially environmental. If there is less land, it is higher in value. Additionally, if there are more regulations and standards mandated by local or state agencies (such as stormwater runoff compliance with regard to pollutants etc) then these fees add up on the end of the developers who are constructing these neighborhoods. Developers are not in the business of playing "Santa Claus", accordingly, they pass these construction and compliance costs onto the perspective buyers of these homes.

This is why California's housing is even higher than NJ's, for the most part (unless you go to the Inland Empire or other interior counties, where local environmental restrictions are way more relaxed and land is more abundant) because of the combination of lack of land and strict compliances mandated by governmental agencies.

[BobKovacs]

Originally Posted by mike0421

There's another reason, Bob, why housing is cheaper in suburban areas near towns in Texas, Georgia, and North Carolina. Actually two reasons, paired together: 1) more availability of land coupled with 2) less restrictions/regulations in general, when it comes to construction permitting and standards, especially environmental. If there is less land, it is higher in value. Additionally, if there are more regulations and standards mandated by local or state agencies (such as stormwater runoff compliance with regard to pollutants etc) then these fees add up on the end of the developers who are constructing these neighborhoods. Developers are not in the business of playing "Santa Claus", accordingly, they pass these construction and compliance costs onto the perspective buyers of these homes.

This is why California's housing is even higher than NJ's, for the most part (unless you go to the Inland Empire or other interior counties, where local environmental restrictions are way more relaxed and land is more abundant) because of the combination of lack of land and strict compliances mandated by governmental agencies.

Let's not make it seem like these other areas are running wild with no regard for environmental regulations or anything, though. We've still got to comply with land disturbance permitting, dust control, erosion control, stormwater runoff, etc- in fact, I've seen some regs down here that are even stricter than what NJ has. What we don't have, though, is the insane "impact fees" that towns, counties and the state collect up there, which can easily add $50, $75k, or more to the cost of a house. We also don't have to worry about doing 10-year studies to determine the impact on the nesting patterns of the red-tufted do-do bird, either, so that helps somewhat.

[ottomobeale]

>being right outside the greatest city on this planet (New York)<

Close. reasons 1 to 5 would be:

1) being right outside a huge employment center (New York)
2) being right outside a huge employment center (New York)
3) being right outside a huge employment center (New York)
4) being right outside a huge employment center (New York)
5) being right outside a huge employment center (New York)

[tommyc_37]

Originally Posted by ottomobeale

>being right outside the greatest city on this planet (New York)<

Close. reasons 1 to 5 would be:

1) being right outside a huge employment center (New York)
2) being right outside a huge employment center (New York)
3) being right outside a huge employment center (New York)
4) being right outside a huge employment center (New York)
5) being right outside a huge employment center (New York)

In your opinion, what is the greatest city on the planet?

[tahiti]

Originally Posted by mike0421

Damn good point. There is no one. 6, 7 years ago, I would have said Brett Schundler, but I haven't heard his name much since McGreevey took him to the woodshed in the 2001 election.

Perhaps that was the wrong terminology to use.

LOL @ the terminology - did you hear Bret is trying to get out of paying his debt for that campaign?

BRET'S DEBTS - NJ.com