New Large Purchase

[vectorspecialist]

that's cheap as hell in jersey terms, we have believe it or not on average the most expensive houses in the country, we are also the most heavily taxed.
the average house costs 650k(that was taken in 2000). pennsy is very good in comparison, tho one acre cost $1million(puts pinky to corner of mouth) in the pocono area

[BlackGT2000]

That depends on the region in New Jersey, and what part of the Poconos (PA anyway) you are talking about. I know down at Ocean City NJ those houses are worth quite a bit, and in PA I had a friend buy about 10 acres 10000 up in the mountains a few years back.

[jeepgclwj]

Well, I guess I am lucky to be living in highest foreclosure rate in the country Ohio. I got my house for 125 with a little over 1/2 acre. This house is in an established small nieborhood that has mostly retired people living here. Very cozy and full of trees. I was fortunate enough to be able to drop 25k on it and only have to finance 100k. Can you say house payment only $760. Thats what I have been paying in rent for the most part for ove r10 years. What a waste but its how it is.....

I am an Electrician and the word is to be ready for a huge increase in multi-family dwellings because the cost of property is getting out of hand at a crazy rate...

I say get your houses while your young it makes life alot easier. Plus then you have a place to work on your cars......

[TatII]

congrats on your house. I wish I own a house now too, but houses here cost around $1 million. But I'm always a apartment dweller, and I perfer to pay someone else to do my maintainance.

But your definitly living the American dream.

[youngvr4]

nice move buddy.. not to be to nosy, and you dont have to answer, but whats it like? how many rooms and bath does it have? how many levels?
pics maybe?...maybe not?

[BlackGT2000]

No problem, its one story, 3 bedroom 2 full bathroom. Its the end unit of a town townhouse. I will get some pics up here soon.

[vectorspecialist]

average for jersey is 650k, that means all the houses in new jersey were added up, then divided by the amount of them, and that the average. yes where i live is much cheaper than bergan county, but an average is for the entire state. tho i must say, we do have a lot of expensive homes here by me.
congrats on the buy if i didnt already say so

[Gotian]

The way things are in Miami, i wont own a house probably till I move to another county, houses here are way out of price, my house is worth over 400k and my dad's duplex is worth over 600k doesnt mean anyone can sell it at that price so it's really bad here.

but grats on the house.

[BlackGT2000]

Yeah Miami is pretty pricey. I don't think I would be able to afford a mortgage there.

[alphalanos]

Wow we got a pretty nice place in central new jersey for like $220k. That was 5 years ago.

[vectorspecialist]

220k is about 100k less than a home by me, and about half a mil or more less than home's near nyc

[alphalanos]

I think our current house was around 250 in FL. Man how will I be able to live up north with those prices lol.

[turtlecrxsi]

Congrats on the house! I just bought a house. I was planning on mortgaging at 35 but did it a couple years early. It's nothing spectacular but it's home and I love it... 3bd, 2ba ranch, with hardwood floors, woods behind house with trails (may get a dirt bike ;-), 2 car garage, new roof, fireplace... and probably all for a fifth the price of those NJ houses...haha. There are very loose zoning laws near where I live so in some areas there are multi-million dollar estates over-looking mountain-scapes and then across the highway there may be a trailer with old junker cars placed here and there along the property (less grass to cut)...

[vectorspecialist]

fricken ranches are the most expensive(well sprawling) in new jersey.
there was one advertised by me for 189g, the first thing that came to mind, what flood zone is it in?

my parents paid 50g for the land and house back in 1978, it was just assesed, but i'm not privi'd to that info. i know it's more than 300g, all it is is a 3br, 2bath split level about 1800sq ft. but the biggest thing is the land, 1.25acres, around here it would cost upwards of 350g-400 to build the house one that much land.

in fact the "migration" of people to the county i'm in caused the state to pass a law stating that all towns have to put aside a certain amount of land that cannot be devloped. the ton i'm in got screwed, no more houses.

[Andydg]

Congrats on buying the house! I hope I get to buy one soon.