Property taxes - anyone being priced out of your home? (West Orange: houses, purchase)
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There are also those of us who don't have a desire to live elsewhere, and who have invested wisely over a 30 year period, so that we don't really have to worry about higher-than-average living expenses in NJ.
If you like where you are now living, then...more power to you. I also like where I am living, and I intend to stay.
However, I can well understand moving to a "cheaper" state if poor investment decisions did not leave you with the option of staying in NJ.
this is the 2nd time recently that i have seen moneybags mr. retriever talk about his successful investing. so spill the beans retriever, what was your investment strategy? give details. help educate people so that they can live without worrying about property taxes and above average living expenses.
There are also those of us who don't have a desire to live elsewhere, and who have invested wisely over a 30 year period, so that we don't really have to worry about higher-than-average living expenses in NJ.
If you like where you are now living, then...more power to you. I also like where I am living, and I intend to stay.
If you enjoy living in a state where you get the least for your dollar and offers the least amount of freedom in the country, then more power to YOU!
Quote:
Originally Posted by Retriever
However, I can well understand moving to a "cheaper" state if poor investment decisions did not leave you with the option of staying in NJ.
Poor investment decisions? How about plain old common sense? If you grew up here and haven't lived elsewhere, it really doesn't offer much perspective for an informed comparison.
As someone who has lived in two other states in the Northeast (both of which are more affordable and offer better quality of life than NJ), it is so obvious to me that this state is a huge ripoff. NJ has the highest property tax and one of the highest income taxes in the country. Other states in the Northeast with comparable income taxes (such as Massachusetts) have significantly lower property taxes and the state with the second highest property taxes in the country (New Hampshire) doesn't tax anything else.
But never mind reality, keep on talking about that great investment you're making!
this is the 2nd time recently that i have seen moneybags mr. retriever talk about his successful investing. so spill the beans retriever, what was your investment strategy? give details. help educate people so that they can live without worrying about property taxes and above average living expenses.
There are also those of us who don't have a desire to live elsewhere, and who have invested wisely over a 30 year period, so that we don't really have to worry about higher-than-average living expenses in NJ.
If you like where you are now living, then...more power to you. I also like where I am living, and I intend to stay.
However, I can well understand moving to a "cheaper" state if poor investment decisions did not leave you with the option of staying in NJ.
It may come as a shock to you but many retirees who leave NJ did make good investment decisions over the years and are continuing to do so by leaving and taking their disposable income with them to invest and spend elsewhere.
The trick is to replace them with high income earners, not low income earners who don't have the means to buy into all that you say NJ has to offer.
Lived in NJ for 58 years, Bergen & Warren counties, in Warren for 28 years. We retired and moved to the suburbs of Philly PA in 2015 to be near our kids and to reduce our costs. So what did we gain by moving, NJ property taxes $13k, PA $3k (we downsized from 3200 sq ft to 1600 sq ft home) car insurance NJ $1400, PA $700 (same car, coverage and insurance co.), our pension is not taxed (yea I know NJ changed that). We do not miss anything from NJ except bagels and pizza!! Life is good in retirement, work is so overrated!
Well, I was very happy to provide my investing guide to you, but the antagonistic people in this thread shouldn't expect me to extend that courtesy to them. Hopefully you have already benefitted from my how-to primer.
Lived in NJ for 58 years, Bergen & Warren counties, in Warren for 28 years. We retired and moved to the suburbs of Philly PA in 2015 to be near our kids and to reduce our costs. So what did we gain by moving, NJ property taxes $13k, PA $3k (we downsized from 3200 sq ft to 1600 sq ft home) car insurance NJ $1400, PA $700 (same car, coverage and insurance co.), our pension is not taxed (yea I know NJ changed that). We do not miss anything from NJ except bagels and pizza!! Life is good in retirement, work is so overrated!
But you are comparing taxes between a 3200 sq foot house and 1600 sq foot house. Taxes on 1600 sq ft house in NJ would probably be anywhere between 8k and 10K depending on the town. But what is the quality of schools in your school district? How is access to employers?
Well, I was very happy to provide my investing guide to you, but the antagonistic people in this thread shouldn't expect me to extend that courtesy to them. Hopefully you have already benefitted from my how-to primer.
I am working at that. Part of my New Year goals.
And it's great to have a financial advisor session that comes with an interesting history and art tour!
No, do not throw pearls before swine, my friend. It will not be appreciated.
Bought 6 months ago. Taxes went from 23k to 24k w updated millage rate. Then town told me they discovered interior improvements per the MLS photos, and we will be at 27k next year. Off to a great start.
3200 SF on .22 acres Essex County
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