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Old 07-03-2013, 08:39 PM
 
45 posts, read 75,743 times
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Quote:
Originally Posted by ieee488 View Post
Maybe so, but for new construction, those prices are competitive.
True. Just be prepared to take a 50k loss if selling within 5-10 years. Look at 4 Seasons or Riviera.

Also I know a guy who used to live on Sussex Lane. He hated the traffic noise from the turnpike, even with the windows closed. Was a beautiful house though, one the most expensive in East Windsor. Lots of stuff you don't find out about until you actually live here.
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Old 07-03-2013, 08:50 PM
 
1,153 posts, read 1,603,565 times
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Quote:
Originally Posted by mrjohnnyt View Post
True. Just be prepared to take a 50k loss if selling within 5-10 years. Look at 4 Seasons or Riviera.

Also I know a guy who used to live on Sussex Lane. He hated the traffic noise from the turnpike, even with the windows closed. Was a beautiful house though, one the most expensive in East Windsor. Lots of stuff you don't find out about until you actually live here.
Not sure where you are getting the $50K loss if selling 5-10 years from now.
The house prices before the downturn were absurdly highly.
Houses lost value. Same thing happened in Monroe Manor in Monroe Township.
The prices have rebounded.
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Old 07-03-2013, 09:11 PM
 
45 posts, read 75,743 times
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Just saying, look at housing as an expense not an investment.
New houses have the sizzle factor but that fades. After a while it's just another big house.
IMHO it's still a buyer's market for big houses in CNJ.
Plenty of older homes in East Windsor on 1/2 acre lots that have been fixed up nicely.
Buy something for 350-400k and save 100k upfront and probably 3k a year in property taxes.
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Old 07-03-2013, 09:33 PM
 
1,153 posts, read 1,603,565 times
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Quote:
Originally Posted by mrjohnnyt View Post
Just saying, look at housing as an expense not an investment.
New houses have the sizzle factor but that fades. After a while it's just another big house.
IMHO it's still a buyer's market for big houses in CNJ.
Plenty of older homes in East Windsor on 1/2 acre lots that have been fixed up nicely.
Buy something for 350-400k and save 100k upfront and probably 3k a year in property taxes.
No one was saying that they were buying a house as an investment.

No one knows where this housing market is going.

As to whether you can buy a comparable house for $350K vs a new construction for $450K. I wouldn't know. A quick check of realtor.com will give buyers an idea of how things are going.
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