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As I was checking craigslist, I found a few single-family houses for rent for around $3000, in clifton, nutley, lyndhurst, etc. As I am paying $1800 for my rent and already feel the pinch, I wonder who would spend that much renting a 3-4 bedroom house like this? With that much money, wouldn't the renter be able to afford to buy one for him/herself?
Your thoughts?
U will pay the same if u bough a home in a newer neighborhood 3,000 sq.ft with finished basement right off exit 6, south jersey, those old/greater newark towns arent worth it
I currently have a rental listing for $4,000/mo in the Princeton area and it is not the most expensive listing in the area. The home sits on 3 acres and has 6 bedrooms, 4.5 baths, finished basement with wetbar, 2 tiered deck with gazebo, and many more upscale upgrades. Our market includes many relocating executives with families who are on temporary assignments of 1-2 years.
We're renting for 2,500 a month- plan to relocate in a year. We sold our townhouse, since we thought prices would go down drastically over the next year - will buy again when we relocate. Since we closed (in October) prices in our development have gone down enough that we've paid for our rental for the year.
I was shocked at how bad most of the rentals we saw were - most of them at our price point (and up to $3,000) were in horrible shape. When we found the house we're in now, we grabbed it - totally remodeled - new kitchen & baths - fresh paint, etc.
Anyway, for us renting for the year was a good move I think.
I currently have a rental listing for $4,000/mo in the Princeton area and it is not the most expensive listing in the area. The home sits on 3 acres and has 6 bedrooms, 4.5 baths, finished basement with wetbar, 2 tiered deck with gazebo, and many more upscale upgrades. Our market includes many relocating executives with families who are on temporary assignments of 1-2 years.
Normglo, is MoorestownResident correct? "Rents are always negotiable BTW, the landlord could be covering the mortgage and getting some rental income on top."
Say if an executive called you up and said "I'll take it but only if you throw in the utilities" or "I'll take it but I am not paying $4,000/mo - how about $3,500?", what would you tell him? Do people who rent homes that expensive actually care about $500 more or $500 less a month?
I currently have a rental listing for $4,000/mo in the Princeton area and it is not the most expensive listing in the area. The home sits on 3 acres and has 6 bedrooms, 4.5 baths, finished basement with wetbar, 2 tiered deck with gazebo, and many more upscale upgrades. Our market includes many relocating executives with families who are on temporary assignments of 1-2 years.
Was this listing rented out quickly? In your area there may be many executives but in the areas I saw, not that many.
We're renting for 2,500 a month- plan to relocate in a year. We sold our townhouse, since we thought prices would go down drastically over the next year - will buy again when we relocate. Since we closed (in October) prices in our development have gone down enough that we've paid for our rental for the year.
I was shocked at how bad most of the rentals we saw were - most of them at our price point (and up to $3,000) were in horrible shape. When we found the house we're in now, we grabbed it - totally remodeled - new kitchen & baths - fresh paint, etc.
Anyway, for us renting for the year was a good move I think.
Was this listing rented out quickly? In your area there may be many executives but in the areas I saw, not that many.
As far as I can tell, it's still available (not that I can afford it or anything). If you go to the Central NJ Craigslist and type in "Princeton" in the search box and pick "6 bedrooms" it will be the only listing that pops up.
The interesting thing is, there is also a 2 bedroom house listed for $4500 in Princeton. I can only imagine how astonishing it must be if it is listed for $500 more a month with 4 bedrooms fewer.
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