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edit: and no I am not a realtor. Just another guy with a family with a good job who can almost afford in Northern NJ... but not quite. Maybe the 2nd job will help me.
Unfortunately, we are already in a single family home in a great neighborhood. No way are we stepping back to a condo/townhome or moving to a seedy area. I know my problem is next to impossible...
So I guess the answer is NOTHING in north jersey that is quality at that price.
In Northern NJ you would really have a hard time and if you found anything it would require a lot of work. If you price range could go higher then you might have a shot but in that price range, Norther NJ just does not have much.
I am absolutely flabberghasted at the medium price of homes in this part of the country. In Dallas, you can get far more house for your dollars. I just don't see how you folks make it up there. I can see why we have so many northern transplants down here.
Location: Newton, NJ (but my heart is in Tennessee)
311 posts, read 1,376,864 times
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Quote:
Originally Posted by jobezee1
I am absolutely flabberghasted at the medium price of homes in this part of the country. In Dallas, you can get far more house for your dollars. I just don't see how you folks make it up there. I can see why we have so many northern transplants down here.
Believe me it's not easy. Although salaries tend to be higher, they are not high enough to compensate for the high cost of everything. That's why the cost of living here is way above the national average. Even a small home will cost you a fortune. There is one upside. After owning a home here for a number of years, you have enough equity built up that if you wanted to relocate to a cheaper area, you could sell your house, move to that area, buy a larger home and have a small mortgage or no mortgage at all.
Believe me it's not easy. Although salaries tend to be higher, they are not high enough to compensate for the high cost of everything. That's why the cost of living here is way above the national average. Even a small home will cost you a fortune. There is one upside. After owning a home here for a number of years, you have enough equity built up that if you wanted to relocate to a cheaper area, you could sell your house, move to that area, buy a larger home and have a small mortgage or no mortgage at all.
I have witnessed this firsthand, time and time again, not just from folk moving in from NJ/NY/CT but also California as well. They sell their homes there, come here and buy a home with a similar sq. footage, have no mortgage, and still have money left over to buy a house full of furniture and sometimes even, a car. They also say that their property taxes are half or even a quarter of what they were up north or out in Cali. I just don't understand the disparity.
1) Go to Texasmls.com
2) Put in 175K to 200K
3) Look at the palaces available for 180K
4) Cry
I could almost buy one of those on unemployment they are so cheap.
Scott
The renter
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