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We begrudge it because they are ruining our quality of life and driving us out of our favorite areas.
After ruining NYC, etc, the transplants now want to continue "gentrifying" good middle income folks out of their homes here.
That's why they are not welcomed by all. Not personal, matter of economics.
Well, if people chose to own their own home rather than be at the mercy of a landlord, then this would not be a negative to them. It would be a positive. Seems to me it is poor personal financial decision making, which is the main cause of the problem. Choose to rent for life and suffer the ups and ups of rental price increases or lock in a home at historically low interest rates and guarantee your payment until the mortgage is paid off, then have NO mortgage or rent payment at all. Seems like better finacially decision making would be more beneficial to some people, rather than complaining about not being able to sue everyone.
First, I don't judge people before meeting them. That said, the problem with the transplants lies in the fact that such a large percentage of them are the ones who spend so much of their time complaining this isn't NJ. Also, from my experience in MY neighborhood, the non NJ transplants that have $250-300k houses are nice middle class people. The NJ people act like they are from a trailer park. I guess it's because up there a $250k house is basically poor. They come down here and act terrible. Either it's motorcycles with straight pipes at 7am with flip flops and no shirt on, or it's people fighting in the street late at night. I heard racial slurs from some of the NJ folks in the middle of the night recently, while yelling at some other neighbors. I wish I could say more, but someone might make a connection. Extremely trashy argument about very petty things.
So yeah, am I biased? Yep, because a large percentage of my experience has been NJ transplants acting terrible, and they just keep coming and coming and coming. Now do I know NJ folks down here that I like? I know a bunch. The problem is, I know way more obnoxious ones.
Choose to rent for life and suffer the ups and ups of rental price increases or lock in a home at historically low interest rates and guarantee your payment until the mortgage is paid off, then have NO mortgage or rent payment at all.
Spoken by someone who has never been stuck in a house when the market tanked, like we were in Florida for three years. Thought I'd never get out of there.
Both renting and owning have their advantages and disadvantages. It depends on one's family circumstances.
House ownership is good if you have a family, plan to stay long-term, have a good stable job and don't mind the upkeep (and are fit enough to do the upkeep).
Renting is good if there is job instability, someone is older and can't do the maintenance or doesn't plan to spend the next 15 or 30 years in a place.
I can see the good and bad points of both. We rent now and I'm fine with that. We may or may not buy again once the DH retires, but I'm fine either way.
You rarely "own" the house anyhow. Not unless you stay the full 15 or 30, *and* pay property taxes. See how fast you don't *own* the house if you don't pay the government "rent" on a place.
Spoken by someone who has never been stuck in a house when the market tanked, like we were in Florida for three years. Thought I'd never get out of there.
Both renting and owning have their advantages and disadvantages. It depends on one's family circumstances.
House ownership is good if you have a family, plan to stay long-term, have a good stable job and don't mind the upkeep (and are fit enough to do the upkeep).
Renting is good if there is job instability, someone is older and can't do the maintenance or doesn't plan to spend the next 15 or 30 years in a place.
I can see the good and bad points of both. We rent now and I'm fine with that. We may or may not buy again once the DH retires, but I'm fine either way.
You rarely "own" the house anyhow. Not unless you stay the full 15 or 30, *and* pay property taxes. See how fast you don't *own* the house if you don't pay the government "rent" on a place.
See how fast the landlord starts proceedings if you don't pay da rent.
...
You rarely "own" the house anyhow. Not unless you stay the full 15 or 30, *and* pay property taxes. See how fast you don't *own* the house if you don't pay the government "rent" on a place.
Such a commonly overworked misunderstanding of ownership. Almost no one pays for 15 or 30. They accelerate payment to avoid interest
No one supports themselves for free. There is always an expense.
A paid for $300,000 house in Cary will have just about $3000 in property taxes.
$250/month.
"Renting" it will cost about $1700--$2000/month.
With an 80% LTV mortgage @ 4.25%, about an $1,181 payment.
People should own or not own, whichever they want and without apology. But they might should use reasonable parameters, at least when citing them in conversation, for making their decisions.
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