Quote:
Originally Posted by Forest_Hills_Daddy
What's the alternative then? High taxes are a given in the suburbs surrounding NYC. You can live in the boroughs, but you'll also get borough-caliber services in addition to paying even higher real estate prices. Maybe if you moved to Scottsdale or Dayton, you'll get really affordable houses and lower taxes there.
|
You are right--there's not many options if you are NYC based. However there are a few things one can do.
1. Realize that housing is expensive with regard to what it was in the 90s.
2. Towns are overextended and tax residents accordingly.
3. Prices are going down and bid low. Pick sellers that want to sell and are not delusional.
4. If possible don't buy. Rent and wait it out.
There are more sellers than buyers. Ny times ran an article about 2011 being the year that boomers start retiring in large numbers. They will be moving to smaller cheaper areas. Younger families do not have the numbers not the money to buy their overvalued houses and high taxes.