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It really comes down to people wanting more 'stuff' for what they otherwise couldn't afford living closer to their jobs. The idea of families uprooting from Northern NJ to Monroe/Northampton County PA or Burlington/Camden Counties and keeping their NYC area salaries is foreign to me. In essence, the choice is exchanging money for time. However, the loss of time in one's home thereby negates the access or enjoyment of newly acquired 'stuff' around their homes, i.e. the satellite TV to watch NY teams. If you are spending 25 hours a week commuting to and from work, that's akin to one seventh of your week on the road. Yet, people still consciously opt for this choice, at the expense of being away from their families and bigger homes.
my old boss lives about 2 hour commute from his office in the city. he was never with his family. i could never do that.
It really comes down to people wanting more 'stuff' for what they otherwise couldn't afford living closer to their jobs. The idea of families uprooting from Northern NJ to Monroe/Northampton County PA or Burlington/Camden Counties and keeping their NYC area salaries is foreign to me. In essence, the choice is exchanging money for time. However, the loss of time in one's home thereby negates the access or enjoyment of newly acquired 'stuff' around their homes, i.e. the satellite TV to watch NY teams. If you are spending 25 hours a week commuting to and from work, that's akin to one seventh of your week on the road. Yet, people still consciously opt for this choice, at the expense of being away from their families and bigger homes.
I personally feel it is a ridiculous choice. I stomach about an hour and a half roundtrip commute each day and that is plenty for me. I can understand wanting a better environment for your family (Moorestown is quite nice, but not exactly cheap), but it's not like comparable towns aren't avilable in North Jersey, you just might not get as much house for your dollar. I would personally take the regular home in order to have a much more manageable commute.
The point of this thread is NJ's population shifting, and the growth of the Gold Coast isn't because of current Jerseyans flocking over there.
the point of this thread is NJ's population growth in South Jersey is faster than North Jersey. It's not specifically about who in NJ is moving where, it's the state's population, which includes people moving to the NY Metro area in North Jersey who may be from NYC, or even from another state. the population in the North still grew, i just don't think the article really worded it properly. it's slower, there is less room to grow in the north, that makes sense. how many more people can you put in some towns in north jersey?
also, over the course of the decade, Philadelphia has improved a lot, which makes the souther suburbs of Philly more desirable.
I personally feel it is a ridiculous choice. I stomach about an hour and a half roundtrip commute each day and that is plenty for me. I can understand wanting a better environment for your family (Moorestown is quite nice, but not exactly cheap), but it's not like comparable towns aren't avilable in North Jersey, you just might not get as much house for your dollar. I would personally take the regular home in order to have a much more manageable commute.
and if my home is regular, i'm quite happy with it! lol. only thing i desire is more property. which eventually, i'll get, hopefully.
I think it speaks more to the real estate prices and taxes in northern NJ- more and more people are being priced out of the area, and have to either extend their commutes or find work elsewhere. Now that you can't get a no-doc, no-down, interest-only reverse mortgage on a $600k house with a $50k/year salary, it's harder to swing northern NJ.
Bingo.
I am one of those people. Born and lived in Bergen County most of my life, working in NYC for 30+ years, could never afford to buy anything there, so I rented until my only child graduated high school. (Actually, in 2007 they DID tell me I could get a mortgage, but I chose not to buy there at that time and I am glad I didn't.)
The choice was extend the commute so I could get a place of my own (condo) or continue to rent for more than my mortgage costs me and have a shorter commute. Taxes are lower in Monmouth County, and there are affordable choices not available in Bergen.
Interestingly, before this my commute was about an hour and 20 minutes to go about 30 miles. Now I travel 60 miles, and the commute takes 2 hours door to door. Getting over or under the river in itself is good for 30 minutes.
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lol!
