Quote:
Originally Posted by buywarren
Just wondering why you are buying there? Is that because Atlantic City going to have 4 more casinos (http://www.freep.com/apps/pbcs.dll/article?AID=/20071216/FEATURES07/712160548 - broken link)?
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yep.Probably one of the best places in NJ to buy real estate..close to AC, the shore, inexpensive compared to Northern NJ R/E, looks like a population boom is headed towards that area since there are four new casinos going up ( those workers need somewhere to live, right?) and since Boomers are retiring at record rates every day now, many of them will retire to the Jersey Shore from Bergen and Passaic areas..
people talk about high taxes and congestion in EHT? maybe they should drive rt 80/46/3 ( wayne area) every day and tell me what they think..perhaps they can drive rt 46 or rt 23 on a Saturday and Sunday..as for high taxes , West Milford is skyrocketing, average for a bi-level 3 br/2ba home on a decent sized lot, is $7800/yr -
West Milford!! the town is this side of The Dukes of Hazzard with the redneck wannabes that live up there..Wanaque is $8400/yr for the same home, without a pool. Some 4br's in Wanaque are paying $10k+/yr in taxes..Ringwood is similar. Wayne is closer to $10k..So if EHT is charging $5-6k for a BRAND NEW 3br/2ba home on a nice sized lot, you bet I'm interested! it'll appreciate faster ( over the next 5 years) than anything up north.
Northern NJ is 'played out', thats why everyone is going west into Sussex, Warren, or South to avoid congestion and overpopulation.
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