Author Topic: Buying/Selling/Renting Homes  (Read 7119 times)

Offline just watching

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Re: Buying/Selling/Renting Homes
« Reply #15 on: February 17, 2014, 08:43:07 PM »
Larry Greenberg, realtor, is right on the money. All the plans to redevelop downtown Hackensack is having an impact on the image of the town, and therefore on the supply-demand equation that dictates price. 

His exact words: "... I think it has an effect on the way the town is perceived," he said.

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Re: Buying/Selling/Renting Homes
« Reply #16 on: June 09, 2014, 10:59:01 PM »
From Asbury Park Press:
 Future retirees say they want out of New Jersey
 New poll shows only a third intend to remain in state when they retire

 http://www.app.com/story/news/politics/new-jersey/2014/06/09/future-retirees-say-want-new-jersey/10256279/




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Re: Buying/Selling/Renting Homes
« Reply #18 on: March 25, 2016, 10:26:20 AM »
http://www.nj.com/bergen/index.ssf/2016/03/see_town-by-town_average_home_sale_prices_for_berg.html

It's taking Hackensack longer to recover, apparently.  But, if you are in the market, worth a look because prices are down and likely to come back soon.

Related article: http://www.northjersey.com/news/bergen-county-leads-population-growth-trend-halts-flow-to-other-parts-of-n-j-1.1532063   

Hackensack average home price: $238,266(2015)  $267,200(2010)  $281,842 (2005). 

 

Offline just watching

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Re: Buying/Selling/Renting Homes
« Reply #19 on: March 26, 2016, 08:23:03 AM »
All of Bergen County is still insanely and stupidly overpriced for both buying and renting.  Some negative effects:  (1) Companies here want to move to other States where housing is lower, that way they can pay their employees less.  And for the same reason, the high cost of housing deters companies from moving TO New Jersey. You get so little for your money that employees don't want to relocate here (2) Salaries of government employees (State, County, local) are all much higher in States where housing costs are high, and that impacts taxpayers (3) Social service costs are much higher in States where housing costs are high, because most social services are essentially to subsidize a household's rent. Care to guess what the government subsizes for Section 8 rental in Paterson. It's ridiculous, Again this impacts taxpayers. (4) All other sectors of the economy suffer when most of people's income goes to rent or mortgage. There's no disposable income left to power the consumer economy. All of these 4 reasons are exactly why the economy has grown so little during the Obama years.  As much as I'd like to blame Obama, I see the real reason.

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Re: Buying/Selling/Renting Homes
« Reply #20 on: May 04, 2016, 03:16:20 PM »
http://www.northjersey.com/news/business/home-construction-jumps-to-10-year-high-1.1558348

Home construction in New Jersey is running 20 percent ahead of last year's pace, powered by the multifamily sector's recovery from the worst housing downturn in decades.

New Jersey builders got permits for 6,448 housing units in the first quarter of this year, according to the U.S. Census Bureau. That was the strongest performance since the first quarter of 2006, when the housing market was booming. Last year, home builders started more than 31,000 units in the state, the highest number since 2006.


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