From the APP:
3 reasons NJ lost out on Amazon HQ: Bhatti
Here are the top three reasons New Jersey lost:
1. Too expensive for Amazon: Seven billion dollars of tax incentives wasn’t enough. New Jersey made national news when it became known that it offered Amazon $7 billion in tax incentives to move to New Jersey. However, that number needs to be put in context. New Jersey is the most expensive state in the union to do business and often ranks dead last in business-friendly environments. Given the high sales, income, property and business taxes imposed by the state, we needed to offer $7 billion in concessions to just be on par with states who offered fewer concessions but were more attractive because of their low taxes and low-cost basis.
The lesson here is that New Jersey needs to get its house in order. No big business or tech company wants to make a home in a state that is strained under its own debt. Simply put, the state is too expensive for tech and venture capital. When smart founders and CEOs look at the numbers, they say that being in New Jersey will actually be more expensive than being in New York City. I was shown by venture capitalists why New York City is a better place to base their home than New Jersey because of how the state taxes funds.
…
2. The New Jersey Sandwich: For years, New Jersey has tried to compete with New York for tech talent. However, we must accept the fact that New Jersey will never have the same ecosystem that New York City has for attracting talent. Every year, several hundred thousand people move to the city to be the next startup founder or Wall Street hot shot. I have been pushing for New Jersey to develop it’s own “core” in complex manufacturing, IoT, AI and robotics, areas that New York City does not yet have a market lead in. It’s imperative that we aggressively push industry sectors where we can win and get them going in New Jersey as soon as possible.I have noticed an alarming trend that I refer to as the New Jersey Sandwich. Many founders and tech companies from both the West Coast and East Coast are moving to the Midwest and surrounding area. The reason: lower costs, lower taxes, better quality of life for employees and more friendly regulations. I was recently on the phone with a CEO who was excited at moving over half his company from New York City to Nashville. He said that he will be able to pay a lower base, but the employees will have a higher quality of life, their dollar will go farther and in most cases a working family can have one partner be a stay-at-home parent.
…
3. The Talent Drain: New Jersey ranks first in the country in millennials moving out and last in the country in millennials moving in. I had one CEO tell me that he does not even recruit out-of-state hires because it’s so hard to get them to move to New Jersey. If we keep draining young talent at this rate, New Jersey will become an even tougher place for tech innovation.
First, it’s just a home. No need to go this crazy with worrying about future marketability of splits now. You don’t know what style of housing the future holds or when or if you will actually sell. Just a waste of brain power. Does the house work for you….you seemed to have already answered your own question.
Second, don’t ask 3b for advice on housing. He is obsessed with low property taxes as the difinitive factor on a home purchase along with assuming all schools are overrated.
texting says:
November 8, 2018 at 5:53 pm
3b/1987 Condo,
Thanks guys. Its just outside of flood zone. So I’m OK with it. It is a good commuter town. We live here and are Ok with schools.. Just wondering a split level house, should I be concerned. In terms of marketability in future if needed..
Is this guy insane?
More than nyc? Wtf? They allowed him to publish this?
Second, California is in more debt, and is practically more expensive than nj in the area where Silicon Valley has developed. So explain that. buddy. Also, Seattle is becoming nj. See a little trend here? Any place that develops around big business becomes NJ OR CONN. Everything becomes expensive and high taxes are needed to keep the system going. Go to any place in America, and you will see this has happened, or will happen because they are in the “glory growth” years of their development.
Lesson here, why do we keep wasting resources to go into middle America in an undeveloped area in nowhereville, away from the coasts, and lose so many natural resources, just to turn it into an expensive area in the middle of nowhere? Makes absolutely no sense. The only people that benefit, are the ones that get there early before all the prices get driven up. It’s like they are playing a game of musical chairs, flipping locations, instead of flipping houses. F’en ignorant and insane. This is what the hunt for low taxes and cheap location is, a game of ignorance and insanity driven by pure greed.
“The lesson here is that New Jersey needs to get its house in order. No big business or tech company wants to make a home in a state that is strained under its own debt. Simply put, the state is too expensive for tech and venture capital. When smart founders and CEOs look at the numbers, they say that being in New Jersey will actually be more expensive than being in New York City. I was shown by venture capitalists why New York City is a better place to base their home than New Jersey because of how the state taxes funds.”
North jersey and southern conn are practically the size of most of these cities. What happened to us has happened or will happen to every other location. Now why?
So instead of running to cheap dirt locations to do the same exact thing over and over, will the grownups at the table step up and come up with answers to controlling cost with growth? Anyone please?!
Los Angeles- what has happened?
Chicago- what has happened?
Detroit- what has happened?
Sf- what has happened?
Dallas- what has happened?
Boston- what has happened?
Seattle- what has happened?
Atlanta- what has happened?
Salt lake- what is going to happen?
Denver- what is going to happen?
Portland- what is going to happen?
Nashville- what is going to happen?
Austin- what is going to happen?
Bottom line, capitalism is to blame for this. This is what profit driven greed does. Drives the cost of everything up. Wish it did what they say it supposed to do…lower costs with competition, but the exact opposite happens. Competition drives up cost.
First
I’ve talked to lots of CEOs and CIOs that have regretted moving to these alternative locations.
While initial team moves were partially successful, backfill is impossible and they struggle with hiring talent.
There is significantly more motivation for an existing employee to move with their company relo, than to relo somewhere odd for a company, especially with few other prospects.
HaHa, Orig. That was a good one.
BTW, I was in Nashville this past weekend visiting my daughter and also meeting up with past employee friends who work and live in Nashville, many years there.
Nashville is still growing, slowed down a little bit, though. Apartment construction is still in high gear. Traffic nearing Boston levels. But people, especially millenial types, are still coming in with one-way tickets. Sure wish I was able to buy my girl some place there. But, you do have to know what neighborhood you choose. Rent/Buy equation now favors buying.
Now, back to the Real Estate: just closed on another income property – 3 unit – in Warren County, not PBurg.
With less than $30k down will be clearing over 1k a month. Maybe one more property
to purchase and I will say ‘I’m good’.
Way too late to buy into Nashville
Post of the day already Pat. Four retarded brain jerks in a row. Bad start to a Friday for this place.
My posts are relevant, whether you realize it or not. Remember, you and others laughed at the thought of high rates ever happening again while I said to get as much free money as possible and buy. 🤔 How that work out? Who’s the fool?
Bystander says:
November 9, 2018 at 8:54 am
Post of the day already Pat. Four retarded brain jerks in a row. Bad start to a Friday for this place.
Could have taken as much as you could borrow at those low rates and put it in stocks or real estate for the long term and have an easy win on someone else’s dime. You know both beat 3-4% long term on avg. So if you couldn’t see this, maybe you should take a look in the mirror instead of bashing me.
Pumps I have not responded to you in months. However I will make an exception. Please do not reference me in your posts. The poster asked and i responded. And yes high property taxes are an obsession of mine as they are helping tremendously in destroying this state. As for schools and over rated they are. I have put 3 through the system blue ribbon blah blah. All dis exceptionally well and all doing well in their careers. You can opine on the schools when you actually put a kid through the system. Until then shut up. Now back to ignoring you.
And the schools had nothing to do with it, right? I said right? Just good parenting.
The kids and people your children interacted with on a daily basis for most of the day had no bearing on their success? Right? Stupid me.
“I have put 3 through the system blue ribbon blah blah. All dis exceptionally well and all doing well in their careers.”
You are an overrated parent…taking all the credit for the hard work of the system your children developed under.
Nothing you said has come true. You simply change the sources of your ‘theories’ to back your brain dump of day. Your mood and opinion can be changed by a USA today article. Sad.
And after his kids benefited from money in education, he immediately screams to cut taxes after his kids went through the system. Typical….
Pumps You are truly a simpleton. And
Of course….discredit me. Yes, I flip flopped on this subject of wage inflation/inflation continuously
Bystander says:
November 9, 2018 at 9:24 am
Nothing you said has come true. You simply change the sources of your ‘theories’ to back your brain dump of day. Your mood and opinion can be changed by a USA today article. Sad.
Pumps aka as arse wipe . I have been complaining about taxes for years and rightly so. The concerns I had have come to pass in my town and many others. How many Mayor and Council meetings have you attended how many BOE meetings have you attended? Have you ever reviewed a budget? As with every other topic you don’t know what you are talking about.
STOP RESPONDING
I’ve said it time and time again. The teachers in your blue ribbon schools are no better than the teachers in most other suburbs. What matters more is the courses your kid takes. That being said, if your district is a district that is on the lower end of salary compared to towns around it, it’s a red flag, and most good teachers leave.
Stop responding?
I give good advice on here. It’s almost 2019, and all the most difficult predictions I have screamed for years have hit. My last prediction was for the roaring 20s 2.0, which I see as inevitable. It will truly be the greatest economy boom of our lifetimes. If you have the ability to purchase homes because you are on the fence and think they are expensive, buy. You are still buying at a low, you just don’t realize it. You are seeing the money being injected into the economy at the bottom levels through wage increases…big raise increases. This is the beginning of an epic boom. Get on the train and ride it!!
When was the last time amazon gave a huge raise like this? When was the last time Walmart willingly raised wages like that? Never in my entire lifetime. Writing is on the wall if you can read the economy like I can. Won’t read this anywhere else because I am the source of these predictions.
And if we have a little recession in 2019, don’t come attacking me like this prediction is wrong.
And if we have a little recession in 2019, don’t come attacking me like this prediction is wrong.
I see you’ve covered all your bases.
1. Economy booms, you claim victory
2. Recession in 2019, you told us so
3. Major crash, you’ve also called for
You are that guy at the roulette table that bets on 3/4 of the board and claims he’s a winner.
Not too many posts today. I wonder where everyone went?
My question was most specifically the house type.. I guess i got my answer. Thanks guys. As far as taxes, I am looking for low tax houses because I think the taxes in NJ are horrendous.. Have to pay for life..
The school district is not Blue ribbon but the kids are doing good and we expect to spend a lot more time with them to make up for any possible school standard issues and spend a little bit more $$ on education. Worst case send them to private..
With Amzon and Google getting in to NYC and LIC, I think North NJ or a proper commuter town is the place to be, if you are in NJ. From a pure RE estate appreciation point of view..
Tucker Carlson’s house and family were under siege and CNN and “The View” are talking about the “assault” on Jim Acosta. Carlson’s wife frantically dials the police as ANTIFA goes on a frenzy and CNN is demanding that the new acting AG recuse himself. The left is disgraceful. Who will defend the angry, resentful, disjointed mobs when the green light is given to mow them down? No one will… and no one should.
“Not too many posts today. I wonder where everyone went?”
Avoiding the room since the monkey is in full feces throwing mode. Your “first” post was classic.
Texting: re: Lyndhurst and the house you are considering…I think you were on here before with the same house, some different questions. Not for anything, an outside observation meant to be helpful…feels to me like you’re trying to find reasons to convince yourself that this house is the one for you, ie. your heart really isn’t into it.
If that’s the case would suggest biting the bullet and acknowledge that it isn’t exactly what you want but good enough for the next years of your and your kids lives *or* hold off and see what else comes on the market there.
I’ve learned the hard way not to over analyze a situation to seek merits to convince myself to buy (future demand for a specific house type?). When I’ve done so – real estate, stocks, relationships lol – it usually ends in tears.
Keep sane, zoom out to the big picture. Not perfect but good enough? Or, too marginal and wait? You’ll tee yourself up for disappointment otherwise.
“You are that guy at the roulette table that bets on 3/4 of the board and claims he’s a winner.”
So very true.
texting…splits are fine. Most of us grew up in one. They are very functional houses. Style is always subjective. I think ranches are ugly as sin. Until you turn 75 and can’t do stairs anymore. For every home, there is a buyer. Saving money is the key to the game of life. Quality of schools matter much less than quality of parenting. Having money to spend in a cheap down is a much better way to live than to having no money in a rich town. Your kids will hate that! In other news. If you guys didn’t watch that Frontline on the Kentucky Pension crisis, you probably should. Just three years until koblammo. And these teachers make half of what teachers up here make.
In light of leftwing’s analysis. I would ask yourself, are you prepared to live there for at least 10 years?
Texting, the house isn’t a split it is a bilevel. House is overpriced but not nearly as overpriced as the last bunch of Lyndhurst houses you posted links to. The correct value is somewhere in the $550 – 580 range. You are right at the top of the price structure for the town!
Lib,
Given my bro had his house almost 10 years, invested 80k and now has it listed for 10k less than his 2009 purchase price, prepare for a much longer timeline buying in the average burb town. His taxes have increased 30% in that time. That is the issue. An idiot like Blumpy thinks it has no impact but prices will go down as rates and taxes rise.
I’m less worried about property taxes than I am about the state pension liability shortfall. Drastic service cuts and massive tax increases will have to take place to maintain the insanity. This is my main reason for considering the pura vida. What’s 200 billion divided by 9 million? Scary question right? If my math is right, that’s $22,222.22 per person. That’s over a third of your personal national debt.
In CR the debt per person is around 5K. That’s about 1/9th of the debt per person in the US. At some point, some or all of this debt will need to be paid. Worst case scenario, the US uses it’s military might to annex CR and I’m back where I started. :P
Seriously though. NJ’s debt is spiraling out of control.
BTW, my brother in-law got his homestead rebate. Did any of you look at how Murphy caclulated it? For your 2016 rebate if you made less than 75K, you got 5% of your 2006 property tax up to $10,000 in taxes. If you made over less than 125K but over 75K, you got 2.5%. My BIL offered to buy us takeout on Murphy. What a effin’ gimmick. We need to stop electing Wall Street criminals already to political positions. I say this with the greatest of honesty. They provide less than zero benefit to society!
Didn’t realize we still had any Homestead rebates left?
Inflation is the solution
That’s a lot of inflation without real wage growth.
It won’t be paid. The writing is on the wall. Too many states are facing the same problem. If wall st got a bail out, better believe main st will. This is people’s retirement you are talking about….just going to cut them off? No way, no how. Especially when you just gave a 1.2 trillion tax cut to corporations.
Lib, remember, this is not a NJ problem, it is a National problem.
“At some point, some or all of this debt will need to be paid.”
I don’t know the area, and don’t know the house, but in 2009 people were still overpaying. So you make it seem like homes haven’t appreciated, but I have to question that. Your brother might have just overpayed if he can’t get back what he payed for it, never mind lose a 100,000 on it.
It’s similar to you ignoring wage inflation occurring out there because you are in one of the few fields not experiencing it. Amazon went from 11 to 15 dollars an hour, that’s a huge percent increase in one of the most difficult fields to get a raise. So to claim that wage inflation is not occurring is ignoring the facts with personal bias.
Bystander says:
November 9, 2018 at 11:19 am
Lib,
Given my bro had his house almost 10 years, invested 80k and now has it listed for 10k less than his 2009 purchase price, prepare for a much longer timeline buying in the average burb town. His taxes have increased 30% in that time. That is the issue. An idiot like Blumpy thinks it has no impact but prices will go down as rates and taxes rise.
But of course I’m the one that is lost…
Grim, you are smoking too much Randian Ganja brand given to american job exporters like you.
You want inflation? But what type of inflation? Monetary Inflation is what Venenzuela has. Asset Inflation is what the Fed and the rest of government bought and paid for lobbyist engineered to save their master Bankster and Grifters, as they did not want to pay for the bet they made at the track; and all it has done is screwed the Joe6Pack, which by the way – he down Joe4Pack.
As you noticed Joe4Pack was the one that voted for the OrangeHairPutin’s B1tch, because the other was a sell out. What the society needs are economic stabilizers to give people hope for the future. If no hope, than they’ll vote for the one that does damaged. Elites will always hang themselves with their choices. Von Hinderburg had a choice – the liberals or the guy with the funny mustache. Guess who he gave it to, based on his believe to preserve the aristocracy. https://simple.wikipedia.org/wiki/Paul_von_Hindenburg
In one area Trump is right. We have to take care of our people. Wall Street, Tech Firms are NOT our people. You don’t take care of the people. They are not going to take of our rule book – aka Constitution and Rule of Law. And this is our greatest golden goose. If that goes you can kiss goodbye Wall Street/Big Tech and bend over to kiss the ring of whoever is overlord that week.
I’m fascinated by the severe shortsightedness of ideologues on this board. Once humpty dumpty breaks. Is gone people.
grim says:
November 9, 2018 at 1:05 pm
Inflation is the solution
Again, a person I believe is one of the better and smarter of our tribe…
http://info.l2inc.com/webmail/151121/172931817/14ccaf3bbe66ab02e2d91cde6b58c36b6e2436cf7169c872d9ff67b0eb1c129f
Yo,
Tell us again how east coast is being over taken by the west.
“We are not only witnessing the 1% pull further away from the 99% in our hunger games economy, but certain metros begin to pull away from the rest. Of more than 400 metros in the US, five account for over 20% of the growth. And, you guessed it, two of those five are DC and NYC.”
Not Grimsky,
Who gives me the best chance to make money and keep it?
That’s who gets my vote.
Carlos Alvarado Quesada
Were you aware that after a term, the president must wait 8 years before running for another 4 year term? And there’s no military to pay for. Single payer insurance at a reasonable cost? Who would have ever thought it could be possible?
That’s a lot of inflation without real wage growth.
I still believe default via inflation will happen. I think the US is going to squirm out of it’s international obligations requiring the rest of the world to pick up the tab by monetizing it in some sort of new international currency. Without the latter happening, domestic inflation will run out of control when they are forced to print to payoff the international obligations.
I think Grim was being ironic about inflation.
Possibly the consequence, but it won’t be a solution.
It’s the big borrowers who suffer under high inflation, because they have to roll over into higher interest rates. And under inflation, taxes won’t be able to keep up with even faster-rising interest expenses.
The Not (your handle here) guy has been consistently asinine.
Not really ironic.
If not inflation, then war with China. Either will get us where we need to go.
Inflation, Default, War, maybe all three.
You really think the US will cede it’s hegemony to China?
Perhaps we’ll get smart and start an uprising in China, get Taiwan to secede, Tibet, etc.
The few fields not experiencing it? You mean that little international banking sector in NYC..idiot. I knew my bro. overpaid by 50k in 2009 bc gap-toothed pig realtor is typical of her kind. The other 50k is because CT economy sucks, local jobs are not paying enough and uptick taxes/rates are pushing affordability. You live in same state situation, moron. Pretty sure Amazon workers are getting paid near that anyway in NJ. It will drive places out of business or out of area. Just being close to NYC is not the protector you think it is. List your house and get back to us when the market slaps you around. Per grim, “you paid alot”..all I need to know on your great investment.
Bystander, 110K hit since 2009 is what % down ??
gap-toothed pig realtor…
An endearing term! lol! I love it!
Lifestyle choice in Pumps’ neighborhood:
https://www.youtube.com/watch?v=Ts9nmYUIlB8
text,
He paid 600k in October 2009. Now at 590k. He probably put 80k in by my estimates. It is 3/4 acre and put tall vinyl fence around alot of it. 15k job easy. New kichten sink and appliances (not new cabinets), custom woodwork to build pantry and closets for wife, new boiler, some leak/plumbing that he fixed, new tile flooring in basement, fixed stone steps and porch deck and lots of tall trees removed. This is off top of my head. Did he over do it? Probably but this is getting ugly.
With a big gunt.. c’mon Eddie, I dare you to click on Google images.
Bystander,
It’s a long term game. Conn is nice place and will be fine long term due to its location. Good times will come in time.
Fast Eddie,
Any dictator, warlord, will allow you to make money. The issue is timing it right and getting out before your lucky streak end up against a firing squad. Only way to protect is rule of law, which your kind is always poo pooing.
Grim,
War, come on be realistic. Will go hot nuclear in seconds. And to what the rest of your post talks about. That is the dark world of spy craft which we are not anywhere where we used to be for 3 reasons.
1- The continual belief of privatization of intelligence/military (look at Iraq 2 for their great results) instead of career service.
2- The best and brightest don’t go there, you could blame it on Wall Street/Tech Money, but also the Internationalization of the Best and Brightest – which means Apu or Kim or Lee is the best and brightest and his loyalty to the Stars & Stripes are all convenience/paycheck related not truly “American” and push come to shove he’ll fly to Mumbai, Beijing, etc, that is if he’s not already working for them. Best example of this is Google. Refused to do Dept of Defense work, but will gladly work with Chinese Commie Party for Google China.
3- Very, very high probability that well know corporate and government leaders are agents of influence of China or Russia. McConnell, Murdoch, Kochs and Orange Hair is guaranteed https://observer.com/2018/10/trump-kremlin-ties-mystery-putin-new-evidence/
People always focus on location, which is smart, but the most important part of real estate is timing. Know the cycle. Understand the economy and buy the swings in the cycle.
Yes, just glad I was not stupid enough to buy on a double yellow , busy road. Those people are f$cked.
Pumpkin,
As per zillow 2013 spring was the bottom for Wayne. Your 650K house with 18K taxes, ( not sure how much u already spent on it updating) as per Zillow the prices are same or below 2011 as of today. And tanking further since 2018 spring market maybe due to SALT and interest rates.
So I’m assuming you are losing money on it if you sold today.
Losing big money if you compare your 20% down payment was in stock market..
Just talking in pure financial terms.. I’m assuming your timing went wrong ?? So what gives?? What are we missing here.
The most important part is speed limit.
People always focus on location, which is smart, but the most important part of real estate is timing.
not saying everyone is lucky/good enough to play stocks but your 130K down would have been worth 1.3M if you had bought Amazon and could have bought 2 houses with cash almost.. Best case scenario
Anyway, the market is confusing. The house I was asking about went under contract in 2 day after listing.. I guess someone really smart or a bagholder later
Tough one text but take advice of people like 30 year. Use it as a starting point for any future home comparison. People will overpay but not much you can do. A young couple up block paid $75k more than 2016 purchase price for no known reason. They were so excited and thought it was a tight market. I could have pointed at 6 homes nearby that were better buys for much less. To each his own, take your time but pounce if you find value.
You didn’t listen to a word I said about timing and long term view. You sir, are playing the short term game, why I don’t know?
Appreciation is never across the board. It happens to different areas, at different times. If you play the long term game, spillover pricing is inevitable, when it will happen, who the bell knows, but it will. It’s common sense.
In 20-30 years from now, my home will have significantly increased in value….will it matter that I payed 650 or 600k? If I’m crying about 50 k difference in 20 years, I did something wrong. Understand inflation is coming, that’s why you can’t imagine my house being worth 1 million in 20 years. We have been through an anomaly of a time period where inflation was non existent and rates low. Get ready for some hard inflation with the growth I’m expecting to call roaring 20’s 2.0. It’s coming.
So stop worrying about little sums of money in the grand scheme of things. Just worry more about the home that’s right for you and your family. That’s what matters, not the price you pay. This is financial investment in your quality of life. This is not meant to be used as vehicle that rewards you monetarily, but rather rewards you with quality of life.
When I purchased my home, I wasn’t looking for the best investment deal, I was looking for the right house for my wife and future family. Simple as that. Took us 3 years to find it. So you can say I overpayed all you want, I know why I paid the price I did, and I am extremely happy with the purchase. No regrets.
Could I have bought in Jersey City or bought amazon, and killed it, but I value the investment in quality of life. Money isn’t everything. Has no business being involved in a personal home purchase. A pool is not a waste of money if your family used it and created memories from it, but how many people will tell you it’s a waste of money…they just lost sight of what life is about and you don’t live forever.
texting says:
November 9, 2018 at 4:21 pm
Pumpkin,
As per zillow 2013 spring was the bottom for Wayne. Your 650K house with 18K taxes, ( not sure how much u already spent on it updating) as per Zillow the prices are same or below 2011 as of today. And tanking further since 2018 spring market maybe due to SALT and interest rates.
The point about timing. I know I bought in the right part of the cycle. It still is a damn good time to purchase now, but you are paying the penalty of higher rates (they are still low in a long term view of the market rates). It’s still a damn good time to purchase, bottom line. By 2040, these current prices will be the stuff of folklore that you tell your kids. Do you remember when you could purchase a 4 bedroom colonial in commuting distance of nyc for 700k? Gosh, I wish I bought more back then.
Pumps, you are correct. What you are speaks so loudly that nobody can hear a word you say.
If you prefer, here are Emerson’s original words from which was developed the above quote:
But things said for conversation are chalk eggs. Don’t say. things. What you are stands over you the while, and thunders so that I cannot hear what you say to the contrary.
You didn’t listen to a word I said about timing and long term view
The stuff of folklore!! Good God!!
not saying everyone is lucky/good enough to play stocks but your 130K down would have been worth 1.3M if you had bought Amazon and could have bought 2 houses with cash almost.. Best case
You didn’t even have to be good with stocks. Even modest investments paid off heavily. To be honest, all my speculative plays at the start of the decade paid off the least while my conservative investments in blue chips paid off the most. Just parking something in a safe 3% dividend stock allowed you to watch capital appreciation along with increased dividends. My home, has been the least profitable venture, even if I sold it for a 125k more six years later.
Understand that this only applies to this decade. Housing in the USA is cheap by international avgs. Expect this not to last in our most important metro areas.
Blue Ribbon Teacher says:
November 9, 2018 at 8:28 pm
not saying everyone is lucky/good enough to play stocks but your 130K down would have been worth 1.3M if you had bought Amazon and could have bought 2 houses with cash almost.. Best case
You didn’t even have to be good with stocks. Even modest investments paid off heavily. To be honest, all my speculative plays at the start of the decade paid off the least while my conservative investments in blue chips paid off the most. Just parking something in a safe 3% dividend stock allowed you to watch capital appreciation along with increased dividends. My home, has been the least profitable venture, even if I sold it for a 125k more six years later.
And you said it best….those are scary words when talking about any investment vehicle. When 2020’s boom busts, it’s going to be extremely painful.
“You didn’t even have to be good with stocks. Even modest investments paid off heavily. To be honest, all my speculative plays at the start of the decade paid off the least while my conservative investments in blue chips paid off the most.”
Pumpkin, I was just saying you did’n time it properly as you claimed..
Also this roaring 2020, when it will end as per you ??. Because looks like it got derailed already in NJ due to SALT and interest rate hike…
Pumps,
I’d like your opinion on Bay Area California Real Estate today.
And what I’m trying to point out is that we are still in the low part of the cycle. What difference does it make to hit the bottom dead on, as long as you are in the vicinity of the bottom? If you go buy today, you are still hitting bottom depending on the area in northern nj. Understand that eventually, due to spillover, all areas in commuting distance to nyc will all appreciate due to the laws of the market. Spillover is inevitable. Wayne is still near bottoms, therefore it screams “Value” in comparison to the north jersey market. People will eventually act on it and bring Wayne more in line with north jersey median pricing.
“Pumpkin, I was just saying you did’n time it properly as you claimed..”
I’m figuring sometime in the second half of the decade. Right now you see some pretty strong wage inflation at the bottom of the working pyramid, that will eventually rise to the wages above it. Combine this with two strong demographic spending patterns happening to our two biggest population groups (boomers and millennials). Millennials are about to spend a crapload of money and boomers are about to spend for the last time in their life as they transfer to retirement. Add in trumps tax cuts and tariffs, and you have rocket fuel on an already explosive fire. This mofo is going to burn because it has all THE RIGHT INGREDIENTS FOR AN EPIC BOOM.
You have two of the largest segments of the population ready to spend.
You have people finally experiencing wage inflation, arming themselves as they get ready to go to war purchasing their dream house.
You have companies and investors flush with cash waiting like a rabid dog to invest this money into that demand instead of buying back stocks. This will make this boom even stronger. Keeps feeding itself.
I’m getting too tired to keep going, but you get the drift. This economic miracle, as trump refers to it, is coming. Time for a drink.
“Also this roaring 2020, when it will end as per you ??.”
Forgot to say why I think 2030 the latest….supposedly population growth will be non existent by 2030. Which destroys the economy. So we will see what happens, but these are special times.
I believe the prices are justified and will even grow. By international standards, sf is not that expensive. It’s a beautiful place and the price support is huge.
Blue Ribbon Teacher says:
November 9, 2018 at 9:39 pm
Pumps,
I’d like your opinion on Bay Area California Real Estate today.
There’s road construction on Pumps’ street tonight. Speed limit reduced to 50mph and fines are doubled.
“One of the biggest conundrums today is trying to understand why the mass media and housing activists keep droning on about how expensive U.S. property prices are, when in reality, U.S. property prices are amongst the CHEAPEST in the developed world. Cheap US property is why I’m actively investing in real estate crowdfunding deals all across the country.
Anybody who has actually spent time house hunting in Hong Kong, Singapore, Tokyo, Mumbai, Paris, London, Zurich, Stockholm, Sydney etc. realize how cheap the U.S. is. Do you think I’m just going to London to eat strawberries and cream at Wimbledon? Of course not! As a personal finance blogger who writes from first-hand experience, I’m diligently pounding the pavement to research the truth to share with all of you.
If you don’t believe how cheap US property prices are, have a look at this chart by the OECD (The Organization for Economic Development And Co-operation).
The United States is at the bottom and New Zealand is at the top based on this OECD property price index. They don’t even highlight Hong Kong where the average flat price equals 19X the median income. 19X vs. 5-6X in the US. That spread is outrageous.”
“Take a look at this SF-based Wired magazine tweet. You don’t have to read the article because it is the same populist verbiage about how it’s becoming increasingly difficult for the middle class to afford homes now.
The magazine even goes so far as to write, “A family that makes $100,000 can’t afford to buy a house in most U.S. cities.”
Are you kidding me? The median home price in America is roughly $240,000. Let’s say you put down a typical 20%. Your $192,000 mortgage at 4% is $917 a month. Let’s add another $200 for property taxes and maintenance for good measure.
Is Wired saying that a household who makes $100,000 gross, or $80,000 after taxes, can’t afford $1,117 a month? $80,000 net a year equals $6,667 a month before any 401k contributions. Spending only 17% of your net income on housing is affordable. Even if this household only put down 10%, a $216,000 mortgage at 4% still only costs $1,234 a month.
Now you know why there’s such distrust in the mass media. Either the writer at Wired magazine is incompetent or the writer has an agenda or both. One of the best media strategies is to tap into populist angst to make life better for themselves. The more enraged the population, the more views the article will get.
The great irony is that those people who can afford to go into the journalism industry probably don’t come from poor families. If you were poor, you’d study an in-demand major like engineering or computer science so you could land a well-paying job out of college and help support your parents who sacrificed so much for you! Only the well-to-do can afford to study a soft major and willingly enter a struggling industry.”
“Long And Strong U.S. Property
The reason so many foreigners are rushing to buy U.S. property is not only because they realize how comparatively cheap U.S. property prices are, they also believe America offers one of the world’s best lifestyles with the most upside opportunity.
Therefore, if foreigners realize the U.S. value proposition, it’s a good idea for Americans to realize our own country’s amazing value proposition by owning a piece of America too. To do so, we need to gain some perspective and inhale some toxic air in Beijing for a month or hopelessly try to find a well-paying job in Milan. Only then will we truly appreciate our good fortune.
The reason U.S. property prices are so cheap is because we have a large land mass, a stable government, a world currency, a deep bond market, strong IP protection, incredible productivity, a strong work ethic, property rights, human rights, a desire for equality, clean air, drinkable tap water, a deep education system, and innovative technology. Not owning at least a primary residence in such a great country when foreigners are beating down our doors to buy is foolish long term. We’re going to hear the same complaints from the same people 10 years from now.
Foreigners see U.S. coastal city property like U.S. coastal city inhabitants see middle America property: great overall value. But before the tidal wave of new foreign money comes crashing down on the heartland on top of fluid coastal city money looking for new opportunities, I want as much exposure to the heartland as prudently possible. The easiest way I can do so is through a real estate crowdfunding platform like Fundrise, where you can invest as little as $1,000 per project or fund. Sooner or later the money is going to start pouring in.”
https://www.financialsamurai.com/why-is-united-states-property-so-cheap/
One day Pumps’ house will make a nice state-run half-way house or small drug treatment center. Easy highway access, front lawn is already partially paved over for extra employee parking, no children for miles.
Just to make it clear, my calls are once again going totally against the experts. Now laugh at me. These economists are way more intelligent than myself, but they focus on the wrong factors and overly complicate the analysis instead of focusing on what matters.
https://www.forbes.com/sites/johnmauldin/2018/05/24/the-2020s-might-be-the-worst-decade-in-u-s-history/#696a027a48d3
Check out this article from USA TODAY:
The economy is humming. So why do experts foresee a recession in 2020?
https://usat.ly/2MiS4qO
“Many people are worried about their future jobs and about long recessions and economies collapsing.
There is a good chance that there will be a strong global economic and technological boom throughout most of the 2020s and 2030s.
Instead of 3% average annual World GDP growth the 2020s could see 4-6% annual GDP growth.”
https://www.nextbigfuture.com/page/2
Back from Florida, amazing how different the weather is only 1,000 miles south of here.
They are still building new homes in Orlando like crazy. All the locals are from somewhere else, only jobs seem to be low paying. The fat Americans all still ride scooters around the parks.
Never a problem there…mixed with pity, of course.
Now laugh at me.
So are middle school students.
These economists are way more intelligent than myself
They are still building new homes in Orlando like crazy. All the locals are from somewhere else, only jobs seem to be low paying. The fat Americans all still ride scooters around the parks.
I was in Orlando 1999. It was the same Orlando as it was in 1988. When I went back in 2004, it was friggin crazy. The place literally was starting to look like another Vegas strip in the making. Then the market collapsed. Basic rule of thumb in Florida is that prices should never go up. My parents bought in Florida in 1988 and I checked the property a few years back. The selling price 25 years later (could be off, I don’t even remember at this point) still wasn’t break even.
Blue -We now have people that work remotely from Florida, ex-New Jersey folks our company allows them to work remotely. Higher paying jobs tech jobs, a few lawyers, Finance people etc. They took a chance that they won’t get stuck looking for work there due to layoff. I regularly video conference with one of our AWS gurus he is always sitting facing is waterfront (inter-coastal) backyard in Florida. I would gather the place would be a million+ dollar home with high taxes here in New Jersey where there it is not as back breaking.
Not to say I would ever do that, but the option to work remotely from anywhere is a nice perk.
Here in (Eastern?) MA, Utility company Eversource is doing instant rebates on all LED light bulbs, taking about 50% off the price. I needed 3 for my daughters’ room and they were $3.99 for a three-pack ($4.27 with sales tax)! Last time I bought similar bulbs I was paying about $12 for a two-pack!
My SIL works for an online company. I told her sister that she should just move out of her parents house and rent in random spots around the country. See the country while working.
Sellers: Suburban homeowners sell in the shortest time
More than half (53 percent) of sellers* are selling a home for the first time.
If it seems as though sellers have the upper hand in today’s housing market, consider this: 83 percent of sellers make some concession with buyers in order to close the sale, and 41 percent have at least one offer fall through.
Sellers in suburban areas have the shortest selling time, which isn’t surprising given separate research that shows the American affinity for suburbs. Sellers in rural areas, where fewer buyers translates into less demand for homes, experience the longest listing times before selling (4.1 months compared with 3.1 months for urban sellers and 2.6 months for suburban sellers).
Owners: 55 percent of Millennial homeowners live in the suburbs
Nearly half (45 percent) of homeowners* still live in the first home they purchased. The median length of time homeowners have lived in their homes is 16 years, and the majority (83 percent) have no plans to sell in the next three years – which doesn’t bode well for a flood of inventory hitting the market any time soon.
More than a quarter (27 percent) of homeowners say they’re close friends with some of their neighbors, compared with 21 percent of renters who have been in their home for more than a year and 17 percent of renters who are new to their home in the past year.
Contrary to their reputation as urban denizens, more Millennial homeowners live in the suburbs (55 percent) than rural settings (23 percent) and urban areas (22 percent).
Despite the growth of the short-term home rental market, 96 percent of homeowners say they don’t rent out their primary residences and have no plans to do so. But this could become more common, given the importance younger buyers place on the opportunity for rental income: More than a third of both Millennials (36 percent) and Gen Z (35 percent) buyers say it’s extremely or very important to have the opportunity to rent a portion of their home for rental income, well above the share of homeowners in older generations.
https://www.zillow.com/research/zillow-group-report-2018-21447/?utm_source=email&utm_medium=email&utm_campaign=emm_g_1118_buzzdatastories&utm_content=herobuzzimg
I ponder the effects of a fully remote workforce on towns in NJ, I would say it is delayed but coming…
Anecdotal after a fun week in Florida we hired an Uber driver HERE IN N J ( a retired gentlemen driving an newer Escalade, he picked my mom up and took her home 60+ plus miles for + $135 plus tip. Happy to meet and pay him. I asked for a card to do private service and says he does not need it nearly 2800 rides on Uber for him so far I said he should do ask them to do a commercial about him…
Given a choice between spending a fixed amount of money on a down payment for a new home or using that same money to fix up their current home, 76 percent of Americans will choose to renovate, according to the new Zillow Housing Aspirations Report.
For people who are 55 years or older, the share is even higher: 87 percent. And retirees are higher still, with 91 percent saying they’d stay put and upgrade rather than use the same money toward a down payment.
Staying put makes sense when 83 percent of homeowners love their homes – a finding from the 2018 Zillow Group Report on Consumer Housing Trends. Indeed, most homeowners – 63 percent – have no plans to sell their homes. The top reasons for not moving are that they love their home and they don’t want to deal with the hassle of moving.
Rising mortgage rates also could be a factor. Since the beginning of the year, rates have risen about 90 basis points, and homeowners who have a low mortgage rate may not want a new mortgage at a higher rate.
The desire among homeowners to stay where they are could be contributing to an ongoing inventory shortage. Nationally, the number of homes for sale has fallen on an annual basis for 43 straight months, although the pace of its decline has slowed in recent months. It also can become a self-fulfilling cycle: If homeowners hesitate to sell because they see few options on the market, they stay in their current homes – and inventory remains low.
Among the 20 metros surveyed for the Zillow Housing Aspirations Report, residents of Boston and Detroit were most likely – 80 percent – to choose renovating over buying. In Los Angeles, the smallest share of respondents – just over two-thirds – prefer renovations.
The survey results include homeowners and renters. Even the majority of renters (67 percent) as a solo group, separated from homeowners, prefer making changes to their rentals to putting that money toward a down payment on a home purchase.
Looked at this home back in 2011. Put in offer at 580,000 and got into bidding war. Final offer of 600,000 was beat. Now ask yourself why I willingly offered 650,000 a few months later on my current home. (Btw, my current home pisses on this home, thank god we didn’t win this bidding war)
Point of sharing this. Appreciation is almost finally here, only a matter of time before spillover hits Wayne and Fairfield. Get good value while you can in these locations if you are looking in north jersey. Spillover is spreading. Look at appreciation over past year for this home, I expect Fairfield and Wayne to experience this soon.
https://www.zillow.com/homedetails/1-Greenbriar-Rd-Little-Falls-NJ-07424/39742981_zpid/
You have a need for speed?
Now ask yourself why I willingly offered 650,000 a few months later on my current home.
…and were uninterested in appreciation?
OK, match comes easy to me, let’s see if I’m worth my salt.
1. Pumps offered $600,000 for a house that sold for $625,000 and is now worth $834,000. That’s a 33% increase.
2. Pumps was pissed that his lowball offer was not accepted, so he rebelled by overbidding on another house, $650,000, which is $25,000 more than what the good house went for.
3. Pumps house is now worth, according to Zillow, where I’m getting all of the stats, $708,000. That’s a 9% increase.
So Pumps couldn’t pay $625K for the nice house, losing out, so his Polish pride caused him to pay $650K for the highway house. The end result is that he is 9% ahead with an $18K tax bill instead of being 33% ahead with a similar tax bill for a nice house that is not on a highway?
I don’t know why I don’t get any credit for my calls! My call has always been that Pumps is a moron, and now we have financial proof!
LOL!!!!!!!!!!!!!!!!!!!
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The house Pumps lost out on is on a cul-de-sac! He paid $50K more for a highway house that has gone nowhere in appreciation! They should deport him, just like his father, for having criminal intent against his poor family!!!!!!!!!
🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃
I guess we have to take his lack of education into account….
Do you guys agree? Was thinking about learning to code as another skill to add to my arsenal. Doubt I can come close to best, so seems like a waste of time, but you never know.
“It’s true that there is a huge influx of new programmers, as people view programming as the new Gold Rush. However, sooner or later, the demand for programmers will diminish, esp. in the front-end web area as the job market gets saturated. The market for programmers will not continue to grow without end.
Programming is one of the last “white collar” areas not to have faced automation, but that day is coming without a doubt. Already, there are many tools available to help non-programmers create their own websites and web applications. Eventually, programming “bots” will be able to create web apps for you based on user input (requirements and specifications). The growth in machine learning and A.I. over the past few years has been phenomenal.
While some programmers in the IT industry are indeed paid quite well, most earn just average salaries. You have to be good to earn the big bucks, and not everybody can be good. As in any profession, there are good, average, and mediocre practitioners. If you think all programmers will make good money just because there’s a perceived shortage of skills, then you’re kidding yourself.”
Orange County sux
When the wind blows the wrong way I smell smoke
You are so lost, it’s not even funny on this one. Wayne is a good town…if you don’t think what I say is true, you are ignorant. Spillover is almost here. Patience is a virtue.
The Original NJ ExPat says:
November 10, 2018 at 11:38 pm
OK, match comes easy to me, let’s see if I’m worth my salt.
1. Pumps offered $600,000 for a house that sold for $625,000 and is now worth $834,000. That’s a 33% increase.
2. Pumps was pissed that his lowball offer was not accepted, so he rebelled by overbidding on another house, $650,000, which is $25,000 more than what the good house went for.
3. Pumps house is now worth, according to Zillow, where I’m getting all of the stats, $708,000. That’s a 9% increase.
So Pumps couldn’t pay $625K for the nice house, losing out, so his Polish pride caused him to pay $650K for the highway house. The end result is that he is 9% ahead with an $18K tax bill instead of being 33% ahead with a similar tax bill for a nice house that is not on a highway?
I don’t know why I don’t get any credit for my calls! My call has always been that Pumps is a moron, and now we have financial proof!
Pumps – with all of your other successes, do you really think you need a fourth degree?
🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃
Hahahahahahahahahahahahahahahahahahahahha!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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Do you guys agree? Was thinking about learning to code as another skill to add to my arsenal.
Spoken like a true Democrat. I must admit, the Democrats are very good at roping in the weak of will, character, and eductation.
if you don’t think what I say is true, you are ignorant.
Pumpkin, the house u linked isnt worth 830K. Worth only 660K.
https://www.realtor.com/realestateandhomes-detail/1-Greenbriar-Rd_Little-Falls_NJ_07424_M69867-03070
LOL!!!!!!!!!!! Realtor.com has Pumps highway shack estimated at $630K ! Pumps investment in reals estate is as big a failure as his investment in pancake in a can!!
🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃
Hahahahahahahahahahahahahahahahahahahahha!!!!!!!!!!!!!!!!!!!!!!!!!!!!
🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃
Pumpkin, the house u linked isnt worth 830K. Worth only 660K.
Texting,
You are a clown. Realtor.com is a joke for estimates. Trulia and Zillow have exact same estimate for this home, now why? And realtor.com isn’t even close, it’s off by a lot which says all you need to know. This house, on the same street, went for 740,000 in 2016. So you are telling me that two years later, in a much tighter market, the house is worth 100,000 less? Don’t come at me with nonsense, wasting my time, and at the same time trying to discredit my knowledge on the local real estate market. Not cool.
https://www.zillow.com/homedetails/7-Greenbriar-Rd-Little-Falls-NJ-07424/39742979_zpid/
Expat, same thing with my home, trulia and Zillow have the exact same estimate, but go ahead and believe you could purchase my home for 630,000. Good one, buddy. Might be your best joke ever. You and texting should team up, would produce an excellent clown show.
Amazing that a real estate expert like Pumps has exactly zero experience in selling a property. My grandmother never drove a car, but she could certainly tell you how to drive. She was Polish too.
Pumps waddles around through life without experience, education, or accomplishments. All he has is a head full of self-created myths and some worthless penny stock shares.
Amazing that two clowns try to tell me my house is worth 630,000. Two peas in a pod. You guy auditioning for dumb and dumber 3?
Pumpkin, just showing some info from web..
Also Wayne is No little falls. Wayne is at 2011 level today as per your credible Zillow.
Wayne is def no little falls, wayne is a much better town with a better school system. Again, the spillover is spreading, Wayne appreciation will come, it’s inevitable. You just refuse to acknowledge it for some reason. You think appreciation happens across the board, but that’s not how it works. Understand when one area rises in value, the area that didn’t rise in value becomes a “value” now to market participants. They will then spillover into that area driving up the prices. This is where Wayne is right now, it’s screaming value, and it won’t last much longer (common sense if you understand the market and it how it works). But go ahead, assume I’m an idiot, and that Wayne will never see appreciation again. Smh 🤦🏼♂️.
I didnt say it’s not coming. Maybe it is. Just saying Wayne for some reason has lagged with other commuter towns. People will only spend so much on non commuter town like Wayne. Also people these days dont give too much damn for school and prefer less commute.
Just want to make this clear, just like the prices of the 80’s are never coming back, current pricing in real estate is the bottom for good. You will never see these prices again once inflation starts going to work. So if you are on the sidelines waiting for prices to drop, you are insane. Open your eyes.
Spillover did happen as u said. From Manhattan to JC to rutherford.. Will it go further. Maybe.
But one thing is sure, the closer you to Manhattan, the better appreciation.
Wayne is the definition of commuter town. Try again.
You want good value, go buy in Wayne right now. As you allude, “for some reason” Wayne has lagged….you nailed it. It won’t last. Compare Wayne to any of the more expensive neighboring communities and it screams value. Get the same schools and neighborhoods, with access to the same job market, but at a price that hasn’t appreciated YET. I promise you, it will.
Brooklyn will never be at Manhattan prices was the joke for how long? Now look at Brooklyn pricing. Wayne is close enough to manhattan that it will garner similar appreciation as the areas that are closer to nyc. It’s still the second (Montclair is first) nicest town down the rt 3/rt 46 corridor.
“But one thing is sure, the closer you to Manhattan, the better appreciation.”
Illegal immigrant released by ‘sanctuary’ charged with triple murder: ICE
Feds say three people would be alive today but for sanctuary policy
An illegal immigrant released by a “sanctuary city” county in New Jersey was charged this week with a triple homicide halfway across the country in Missouri, authorities said Friday.
Luis Rodrigo Perez stands accused of being the gunman in a shooting spree last week that claimed the lives of two men and one woman, at two different homes.
U.S. Immigration and Customs Enforcement said it tried to deport Perez after he was arrested on domestic violence charges in Middlesex County, New Jersey, last year. But the county, which has a non-cooperation policy with ICE, refused to alert the feds when it released Perez in February of this year, ICE said.
“Had ICE’s detainer request in December 2017 been honored by Middlesex County Jail, Luis Rodrigo Perez would have been placed in deportation proceedings and likely sent home to his country — and three innocent people might be alive today,” said Corey Price, acting ICE executive associate director.
Putting a property on the market in Wayne tomorrow. High end townhouse with high taxes. Place needs $100,000 in renovations. Going to be difficult to sell due to taxes even if assessor agrees to a reduction without an appeal. Nervous about doing renovation because the high end market with high tax properties is very weak! Prefer to sell as is.
If you live long enough the appreciation will spread. A broken clock is right twice a day.
High end in Wayne? Renovated this property sells for around 575 to $600,000. As is it will list for $459,900. Taxes are about $16,000.
Exactly why Wayne is a good buy now. Weak demand will not last, I promise you. If I’m wrong, please tell me why.
“Nervous about doing renovation because the high end market with high tax properties is very weak!”
Nj is no 1 in terms of highest percentage of households with incomes over 200,000 at 17%. National avg is 9%….almost double. Massive buying power out there in nj….funny thing, you know south jersey destroys nj’s avg….north jersey would be much higher % wise.
https://patch.com/new-jersey/wayne/s/gjvhi/heres-how-new-jersey-ranks-among-best-places-to-live?utm_source=alert-breakingnews&utm_medium=email&utm_term=weather&utm_campaign=alert
Oh hush 30 year what would you know? It’s not like you have been selling real estate for like 30 years or something!
I’m in that 17% but think it’s too expensive and taxes is too much
“A Broken Clock is Right Twice a Day” is Pumpkin’s family motto.
I thought this was Pumpkin’s family motto, it’s all he ever says:
Wayne is a good town…if you don’t think what I say is true, you are ignorant.
Such a persuasive fu.ckhead.
High taxes and still appreciated. Tell me again why it won’t hit Wayne? Spillover has been spreading year after year. Look at this home and its condition. Wayne is only 10-15 minutes away. Tell me again how the homes in Wayne aren’t a huge value in comparison. How long before the market participants in search of value drive up pricing in Wayne? Just calling it exactly how I see it.
https://www.zillow.com/homedetails/50-Woodward-Ave-Rutherford-NJ-07070/38023362_zpid/
Look at this crap going for 625,000. And you guys are sitting here trying to convince me that appreciation won’t hit Wayne. Give me a break. Wayne looks like a complete value in comparison.
https://www.zillow.com/homedetails/8-10-Livingston-Ave-Lyndhurst-NJ-07071/52900881_zpid/
Nj lagged most of the country in housing over the past decade. What I always said is happening right before our eyes. North jersey, based on the job/business opportunities is looking like a complete value as the other parts of the country have appreciated at such a fast rate. Expect over the coming years for southern conn, west Chester, and north jersey to be leaders in real estate appreciation.
Nobody smart buys a highway house…if you don’t think what I say is true, you are ignorant.