Sometimes your better off renting
New Jersey has one of the highest rates of foreclosures in the US
Property taxes average around 8 to 9000 per year. Insurance is high as well. The average mid size home in a descent area will cost you around 400k. Many retirees take there pension and leave the state and go to other states where the taxes are alot lower and cost of living in lower. Plus you got your mortgage-> you really have 2 payments: the mortgage and taxes.
I think with all these expenses, its really bad for the economy
your thoughts
Read more: Is it worth owning a house in new jersey?
