Wow, home mortgage interest rates have hit 6.28%!

[EyeBRollin]

That's the truth of what happened.

Where in Jersey? Cause I wouldn't want to live in Trenton even if the house is for free, fvckin $hithole.

I’m in the northern half of the state. Not in Trenton. If you want a nice house here in a good neighborhood, it will cost $800K minimum.

Wife and I looked at a duplex a few months ago. It was listed at $650K. First day it had multiple cash offers. Closed within a week for over $700K.

Now Newark, NJ is similar of a shvt hole to Trenton. Even houses there are $500K and up.

 

[All_Kindz_Of_Gainz]

I’m in the northern half of the state. Not in Trenton. If you want a nice house here in a good neighborhood, it will cost $800K minimum.

Wife and I looked at a duplex a few months ago. It was listed at $650K. First day it had multiple cash offers. Closed within a week for over $700K.

Now Newark, NJ is similar of a shvt hole to Trenton. Even houses there are $500K and up.

How the fvck can people pay that amount? Thats one of the reasons the massive move.

What's the average salary there? My house is 2k sqft, 4bd 2 br and the cost was in 2019, $250k in a nice neighborhood.

 

[EyeBRollin]

How the fvck can people pay that amount? Thats one of the reasons the massive move.

What's the average salary there? My house is 2k sqft, 4bd 2 br and the cost was in 2019, $250k in a nice neighborhood.

4 bd house in northern NJ is $600K in a mediocre neighborhood, $800K+ in a nice neighborhood.

The salaries are high due to NYC pay scales. Median household income in the state is almost $80K and that is brought down by South Jersey. With no education you can find work for $20 / hour. Minimum wage is $15 / hour.

Our entry level associates in NYC, fresh out of college start at $70-80K.