Sven Migot
Well-Known Member
Good luck Turbo! Sounds like a great move to me 
Possibly relocating. Looking for opinions.
- Thread starter Dave Taylor
- Start date
one piece crank
1pc Cranky
@Dave Taylor - Some 18-months later, how is MD treating you?
Steve Vai
Endurance Guy: Tolerates most of us.
I think it's so bad he's now looking for a studio apartment in Jersey City.
ekuhn
Well-Known Member
FTFY
Steve Vai
Endurance Guy: Tolerates most of us.
Wow. I didn't realize it was that bad. No jobs and he has to drive a 1991 Corolla 8 hours to Newark every day to support the family he can never see? Glad we stayed in Jersey.
I remember talking to you years ago about how you were considering a job in NC as the pay for you was similar but your wife's school salary would be way less.
Living down here and seeing how much school teachers get paid, NJ is the smarter choice if you're a teacher.
one piece crank
1pc Cranky
I have family in AZ and VA, all teachers. They kinda wish they were in NJ.
Steve Vai
Endurance Guy: Tolerates most of us.
Teachers make less than McDonald's Employees south of the Mason Dixon. But if you've ever been to a McDonald's south of the Mason Dixon is pretty obvious why.
Pearl
THIS CHANGES EVERYTHING
Dave Taylor
Rex kwan Do
So you can make a shit ton of money and only afford to rent?
Dave Taylor
Rex kwan Do
If you take finances out of the equation where we live in Middletown, Md blows anywhere I have been/lived in NJ away. I'll be honest. I am pretty anal retentive with many things in my life but that doesn't mean I don't make a mistake or miscalculate things. Our home is in a phenomenal town and we live on one hell of a cut de sac. Nothing like letting the kids play outside (with 10-15 other kids) every day after school without needing to watch them. Out cut de sac alone has 12 kids all living on it. My oldest two, Jack and Cam(8 and 10) ride their bikes to school unsupervised. Jack rides his bike to soccer practice. We have tons of parades, a weekly farmer's market etc.
The underestimate/bad math thing. I looked at salary more than anything when moving here(and compared it to real estate). I thought all things equal, but reduced. So, I make 20% less but our home was 20% less. What I didn't think of or maybe convinced myself out of wanting change was other costs. Being non college educated, unions do a ton. Basically I took a job that was offered to my by my old employer. Truck, phone, laptop, relocation/living expenses paid, 25% salary increase but the real kicker is that healthcare boost is huge. Instead of paying $620/month plus 20% on everything here I pay nothing but a $15 copay. Retirement is way better.
I don't mind my current job but at the same time I had a sour taste in my mouth from a shitty supervisor that was lazy. I was supposed to work 4 miles from home and he had me driving 1 hour each way to Winchester, Va on my dime because he sucks at his job. It changed recently but it was too late, the ship sailed.
I will be starting out working 4 10 hour days Monday-thursday. After a year or so I can do 2 days in NJ and 2 from home. The good...part of me misses NJ. The bad,...being away from kids for a few days. Honestly though, with current rates and housing prices it's not like we can move back to NJ. Besides that the NYers that moved into our old neighborhood have it looking like shit. Overgrown, not maintained etc.
This was the unfortunate math or we probably would be in NC ourselves. I'd have to make basically twice what I do to support us if she continued teaching.
Though her leaving teaching seems like a pretty good thing all things considered right now.
Pearl
THIS CHANGES EVERYTHING
I’m honestly curious if the door has closed on people moving down south. The housing market is outrageous in the Charlotte area and no way we would have been able to afford to do what we did 7 years ago if we waited.
Sure the taxes are still cheaper and you can always find SOMETHING, but I don’t see many $185k new construction homes in within an hour of uptown anymore, unless I’m looking in the wrong spots…
Sure the taxes are still cheaper and you can always find SOMETHING, but I don’t see many $185k new construction homes in within an hour of uptown anymore, unless I’m looking in the wrong spots…
xc62701
Well-Known Member
It’s always their pleasure…
JerseyPete
Well-Known Member
Just as Covid pushed loads of NYC and Philly people into NJ, do you think the same thing happened to NC?
I know of more than a few former NYC co-workers who fled to the south when it first started and have either convinced management to allow them to work remote, or found remote work elsewhere that allows them to stay there.
Barely a day goes by where I don't meet people with the same story as me and my wife. I was at a bike event tonight laughing about it with people.
-Either one or both jobs went fully remote.
-Realized the higher priced area they were had issues and this seemed like a better area.
I think you'll still have people moving down there to the Charlotte or RTP. That area is still relatively cheap.
For the younger folk housing is still cheaper and there's plenty of job opportunities. Probably way more now than when you moved down.
For older folks it's still way cheaper. It all adds up. Less overall house cost, way less taxes for house and less income taxes.
WNC however you better bring your job with you...
Dave Taylor
Rex kwan Do
IMO this whole pandemic was planned or at least corporate America was prepared for it. Once covid happened and we decided to print $6 trillion, the largest companies in the world like Black Rock swooped in and made a renter's America...maybe for good.These big investment banks started buying all the properties(and still are) to control pricing, force the next generation to rent because they can't afford to buy. When will they be able to afford to buy again? Unfortunately this hurt blue collar America more than white collar America(you can't do most skilled trades in a wfh environment). White collar can easily relocate on a basically unchanged salary/job package. Blue collar basically goes downhill if they move anywhere outside of metropolis.
JerseyPete
Well-Known Member
I guess there are other factors in pricing. I always check the price history on Zillow and see that there are a lot of crap houses that are not renovated and the agent/owner is still trying to get Covid pricing. You can also see that some bought into the area during Covid and are trying to get out. In my town there are only 9 houses for sale. A lot of NY'ers moved in (NY plated cars were all over in the driveways) and may not be able to get out at their price right now.
07481 Real Estate - 07481 Homes For Sale | Zillow
Zillow has 16 homes for sale in 07481. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place.
www.zillow.com
FL homes seem to have skyrocketed just like NJ shore homes have.
JPark
Well-Known Member
might not be a conspiracy, just smart companies who know there will be a lot of inflation coming and real estate is know for rising with inflation.
Though to your point, I worry in the future we could revert back to the middle ages where the aristocracy owns all land because no one else can afford it.
There's absolutely lack of inventory, especially at the low end. What I realized in NJ, and really everywhere, is there's so many people looking for smaller, less expensive houses compared to what's available.I guess there are other factors in pricing. I always check the price history on Zillow and see that there are a lot of crap houses that are not renovated and the agent/owner is still trying to get Covid pricing. You can also see that some bought into the area during Covid and are trying to get out. In my town there are only 9 houses for sale. A lot of NY'ers moved in (NY plated cars were all over in the driveways) and may not be able to get out at their price right now.
07481 Real Estate - 07481 Homes For Sale | Zillow
Zillow has 16 homes for sale in 07481. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place.
FL homes seem to have skyrocketed just like NJ shore homes have.
Your example of Wyckoff is perfect. Only 9 houses for sale, cheapest is more than half a million dollars. Liveable house but certainly not a smaller/starter house. Where does someone in their 20's buy a house?
And it's not going to get much better because in a town like Wyckoff everyone is trapped in their house with a sub 5% mortgage and there won't be a ton of new housing built, especially at the low end. And while housing is crazy it's very easy to be underwater now if you bought a house during Covid and need to move.
Some Patrick Math:
$500k house purchased in the pandemic w/ 20% down and 4.5% mortgage is $2,421 a month
$500k replacement house purchased now w/ 20% down and 7.85% mortgage is $3,288 a month.