Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
OTOH NYC along with parts of NJ, LI, and elsewhere in area is full of twenty and thirty somethings who are buying condo apartments. For many it is a no brainer. Despite current blips mortgage rates are still at historical lows. For what many apartments in the city or anywhere close to go for in rent, you are better off buying even if only a condo. At least you're not pi$$ing your money away each month in rent, paying someone else's mortgage.
In many cases though, condos can be just as expensive, if not more expensive than a single family home. This is usually true in areas where condos are new construction and single family homes are older stock. You also have to factor in HOA fees with condos, which can often be many hundreds of dollars per month or more. So at the end of the day condos are not really cheaper than owning a SFH, but they may appeal to the older or younger generations that don't want to deal with things like yard work and snow shoveling.
New Jersey-the only state where the same people will simultaneously complain as follows:
NEW JERSEY IS BECOMING A GHOST TOWN!!! EVERYONE IS LEAVING!!! LAST ONE OUT TURN OFF THE LIGHT!!! EXIT TAX!!!
WHY IS IT SO CROWDED HERE!? WHY ARE THEY BUILDING CONDOS OVER THERE!? THERE'S TOO MUCH TRAFFIC!!!
Yup!
Or, as the late Yogi Berra said so... eloquently... "Nobody goes there anymore because it's too crowded".
And, horror of horrors... what if some of those condo units are occupied by the senior citizens whom the OP clearly fears?
If you want to live in a rural area, NJ is not your place
Really? This was my drive home last night:
I would complain about the Department of Public Works, but around here I am the Department of Public Works, so that wouldn't be productive. Its a little extra work but waking up to this makes it worth it:
Quote:
Originally Posted by bookspage
Also easier to get condos approved because they will designate some of them as affordable and the towns like that
Here-let me fix that for you:
Quote:
Originally Posted by bookspage
Also easier to get condos approved because they will designate some of them as affordable and the towns are being held hostage by developers aided and abetted by the state
Also easier to get condos approved because they will designate some of them as affordable and the towns are being held hostage by developers aided and abetted by the state
Of course. I was replying to the OP and where he lived.
I agree with your second comment but I try not to get too political on here
Condos are popping up in certain areas like Morristown because there is an abundance of transient single 20/30 somethings who are willing to pay $2,500 rent for a 600sqft room, and it's a literal gold mine right now. The mayor Tim Dougherty was taking in contributions from all these guys. At the end of the day the builders will make a fortune, corrupt mayor got his money to win the election and the taxpayer suffers.
Condos are popping up in certain areas like Morristown because there is an abundance of transient single 20/30 somethings who are willing to pay $2,500 rent for a 600sqft room, and it's a literal gold mine right now. The mayor Tim Dougherty was taking in contributions from all these guys. At the end of the day the builders will make a fortune, corrupt mayor got his money to win the election and the taxpayer suffers.
Are you aware that condos and apartments are not the same thing?
That first picture looks like the beginning of a horror movie! LOL
I have two daughters, so depending on their moods when I arrive it could be
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
