How are rents in New Jersey so small compared to the high taxes and to the high property prices? - rent to own new jersey
A city, house to rent in the same complex has recently been introduced in the market for 365K, rental of this unit was $ 2100/month. My math says there is no possibility for the post was the money and showed me that it is wiser to rent in New Jersey because of high prices and taxes. Does anyone really who the apartment / house in New Jersey and a profit? How?
1 comment:
It depends on where the property is located. New Jersey is a perennial state into the river from New York in the north, south, and Delaware. It is west of Philadelphia, and leads to the Atlantic Ocean.
There are various economies of the border in NJ impact on the economy that is clean and affect property prices. For example, homes in South Jersey a very reasonable price. You can easily create a place that has at least 1 / 4 acre lot with 3 bedrooms and 1 bathrooms and approximately $ 200K. If you have a long journey in the state where you more for less.
This is far from certain areas of the northern boundary of New York. House prices may not reflect the economy of New York as the work of many people in New York and New Jersey to travel, to live. In New York it is common to lose a property with the hope that money can buy for rent per month. It is the way runs the local economy.
Finally, you are well advised to review the rent to the purchase price in order to determine what a better way. What Smarter, however, depends on their thinking. I've never rented a property from a person unless it is absolutely the only way to survive to win. Rent only capital for another person collected. Why would he do that? I prefer my own capital to build.
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