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05-15-2009, 03:23 PM
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Location: New Jersey
4,030 posts, read 4,630,284 times
Reputation: 4044
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Quote:
Originally Posted by GoPhils
There really isn't much room for growth in North Jersey.
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tell that to (among others) the developers of Xanadu... |
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05-15-2009, 04:53 PM
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3,269 posts, read 9,605,801 times
Reputation: 2024
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Quote:
Originally Posted by Delphi
Easy said than done. Sold in exchange for what? In 401K you need to put your money in some funds. You can't just sell and put the money in CD. When every fund goes down, where to invest that sold 401k money.
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Of course you can...it's called a money market fund. |
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05-16-2009, 09:21 AM
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Location: South Jersey
7,780 posts, read 20,929,957 times
Reputation: 2345
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you are correct. SJ has more reasonable housing and plenty of potential employment so I too believe that it will fare well. There are actually quite a few new housing being built and being sold.. in south jersey
Quote:
Originally Posted by GoPhils
Yeah, because the Philadelphia metropolitan area isn't the 5th-largest in the nation or anything...
But if you're talking about physical growth as well, in terms of people moving to the area (as if there aren't enough already), there is more room for growth in SJ. There really isn't much room for growth in North Jersey.
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05-16-2009, 10:30 AM
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1,014 posts, read 2,791,953 times
Reputation: 284
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Quote:
Originally Posted by Delphi
Say when you are 25 yrs old and started investing in 401K. When you are 45, your 401K, say, is 500K. Now you have to know at 45 that there will be a "crash" when you turn 60 so that you can park the 401k money in a better way. Or better you have to know at 25 that there will be a crash when you turn 60 so never invest in 401K. wow...smart.
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yes,exactly. |
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05-16-2009, 10:33 AM
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1,014 posts, read 2,791,953 times
Reputation: 284
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Quote:
Originally Posted by GoPhils
Yeah, because the Philadelphia metropolitan area isn't the 5th-largest in the nation or anything...
But if you're talking about physical growth as well, in terms of people moving to the area (as if there aren't enough already), there is more room for growth in SJ. There really isn't much room for growth in North Jersey.
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North Jersey could go vertical, so there is room for a lot of growth. |
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05-17-2009, 09:33 AM
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1,983 posts, read 7,248,888 times
Reputation: 418
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The only areas that are growing meaningfully located above Mercer County are Hunterdon and Somerset Counties. Warren and Sussex have seen housing growth but not so much employment growth. The Rt 1/95/295 corridor from Princeton on down through Gloucester County accounts for a very large amount of growth in the state. The rest of the state is more of a drag with out-migration to the South and other areas. In addition, the Mount Laurel area has been one of the most important and fastest growing corporate centers in the mid-atlantic over the past 15 years. Moorestown, Mount Laurel, Marlton experienced job growth of better than 20% over a 5 year period before this current recession. Regionally, I would put SJ above any region in the mid-atlantic for long term potential and in-migration.
A 2003 article on growth in Mount Laurel.
http://www.allbusiness.com/accounting-reporting/record-keeping/1067276-1.html (broken link)
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