Housing prices in Glen Ridge, Westfield, Millburn, Summit?

[elflord1973]

Originally Posted by JG183

just as predictions of an upturn can be wrong, so can predictions of a continuing downturn

The probabilities of the two are not equal. As I've pointed out before, there are reasons that home prices (unlike stock prices) do not necessarily have to match future expectations.

At present, the market (e.g. Case-Shiller futures) is predicting a down turn.

So regardless of what your "prediction" is, todays market value of next years housing market is less than the market value of todays housing market.

[stevemorse]

Originally Posted by Lusitan

When I wrote that line, I was referring to another one of our wise board members here, who can theoretically afford much more but made the choice to live in a "less affluent" town because he felt it was the right financial choice for his family. It sounds like you fall into the same category, stevemorse. I give you guys lots of credit for actually thinking ahead.

Too many Americans simply have the attitude of "I want it, therefore, I'm going to buy it, and I'll worry about how to pay for it later." It takes responsibility to step back and say "I could afford this, but it doesn't make sense ... I'm going to be more conservative with my money ..."

We need to get back to a time when this sort of responsibility was the norm, not the exception.

I think you are making a wise choice to "live below your means" and keep your expenses down.

Thanks, however a lot of the credit goes to my Dad. I mean now its me but for the most part he has the control. He is the one who really holds the cards, and lets say I did want to blow the so called vanguard bank, he would flip!!!! So its not worth the fight. However in the long run you are right I am making some smarter decisions and hopefully in the future it will pay off. Thanks again, sometimes we do agree.

[cmcfarland]

Minymom, I've been looking online at Cranford and Fanwood (both on the same njtransit line as Westfield). Both places have many homes in the 400's, somewhat lower taxes than the places you mention, and both have overall good school systems. I've read some very good things about Cranford on this message board as well - that it's supposedly very friendly, has a good downtown, and parks. I haven't researched Fanwood as much.

[minymom]

Originally Posted by cmcfarland

Minymom, I've been looking online at Cranford and Fanwood (both on the same njtransit line as Westfield). Both places have many homes in the 400's, somewhat lower taxes than the places you mention, and both have overall good school systems. I've read some very good things about Cranford on this message board as well - that it's supposedly very friendly, has a good downtown, and parks. I haven't researched Fanwood as much.

Thanks for the suggestions cmcfarland, I've noticed too that Cranford is being mentioned quite a bit on the boards. But DH works at WTC and we really want to keep his commute about 1hr door to door by car.