Quote: Originally Posted by JoLo908 It just seems overwhelming here in NJ. For example, my brother just purchased a small 3 BR house for $370,000. He has almost no property (maybe 1/10 of an acre) and lives right on top of all the other houses in his neighborhood. Don't get me wrong, his house is cute, but in other states you could have quite a nice house with cheaper taxes (taxes equal about $7000 a year). The cost of living is way too much and it is just overwhelming. Also, if anyone has ever lived here, it is like you are on fast forward-go-mode all of the time. Even if we took a pay cut moving somewhere else, it would probably be well worth it because of a more affordable cost of living, and a better quality of life. I would love to eventually buy a house in the town I grew up in, but considering it costs on average $500,00 for a small 3 BR and taxes are probably about $8000 a year, it seems insane! Not to mention our outrageous car insurance! I really am appreciating all of this feedback!
Wow, Joanna - here in Chicago (in the nice neighborhoods that have decent schools) you can barely get a one bed plus den condo for what your brother just paid for a 3 BR house in Jersey! And don't get me started on the taxes...the property taxes here on a one bed plus den condo are about $8K! I have been realizing lately that I have no idea how my DH and I are ever going to afford to buy a place in the city, and we both are not really suburbs people. One of my girlfriends who just recently purchased a 2 bedroom/2 bath unit in our condo building spent $379,500 (I looked it up in the property transfer records for Chicago to be sure of the actual price - yeah for public records!) isnt that totally insane? That was just the purchase price... I am not sure that that price includes the parking space she bought in the building's garage. Then you have to also factor in the monthly condo board assessment fees to pay for the doormen, the gym facility, toward any necessary repairs, etc etc! holy cow!