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The Phone Booth / Re: Salary You Need To Afford A Home In Every State
« Last post by MacGyver on Today at 10:20:25 PM »
Talk about equity!

I had a young couple in my office earlier today.  They are both from NJ and met in high school.  I asked how they ended up here and they said they came here because they could afford no kind of a lifestyle there. 
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The Phone Booth / Re: Salary You Need To Afford A Home In Every State
« Last post by silversam on Today at 10:14:32 PM »
I paid $55.5K for my 20' wide fully attached Brooklyn row house in 1980. Of course interest rates were 18% then, so the prices were lower. I was paying about $1200 a year in taxes then.

In January i was told that my house was worth $712K - a number that had been pretty steady for a few years. In May they told me that my value was now $1,012,000. My taxes are $5K (I actually only pay $4K because of a rebate for installing solar power).

I complained about the value going up and I was told they can only raise my taxes 2-3% a year with a cap of 6 or 8 % after 5 years. They also showed statistics for sales in the neighborhood that supposedly confirm the worth of the property.

And they're tearing down the old Victorians and building condos.  2 miles North of me [closer to Manhattan] where my son lives, they're rebuilding the old Victorians. Paying $1.5-2 Mil and then putting another $500K- $1M to renovate them.

It's nuts. 

Sam
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The Phone Booth / Re: Salary You Need To Afford A Home In Every State
« Last post by MooreTel on Today at 08:35:25 PM »
...Between NY and Federal taxes, gas jumped to over $3/gal overnight earlier this week....

That's nothing....here it is now $1.50/liter (about a US quart).  Do thye math...

If it weren't for the snow, moving back to NH would be in the running.

Got that as well, yet we survive...just find someone to cuddle up to even if it's not your spouse... LOL
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The Phone Booth / Re: Salary You Need To Afford A Home In Every State
« Last post by hbiss on Today at 06:24:19 PM »
Been here since 1955 when my father built this house. I was 9 and remember every step of the way. I even still remember the names of the subs. Cost him $15K, land and all.

Thrive? Survive is more like it.

-Hal
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The Phone Booth / Re: Salary You Need To Afford A Home In Every State
« Last post by Keighlar on Today at 04:00:16 PM »
As you know, that's one of the two states on my short list.

I do know.  If that's where you land, who knows, we may end up neighbors.  Though... I imagine I'd be living on the other side of the tracks.  :062:
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The Phone Booth / Re: Salary You Need To Afford A Home In Every State
« Last post by MacGyver on Today at 03:46:15 PM »
If it weren't for the snow, moving back to NH would be in the running.

As you know, that's one of the two states on my short list.

Hal in this industry I'm not sure how you've not only managed to survive, but thrive up there.  You must have managed to build some really nice equity in your home as long as you've been up there.
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The Phone Booth / Re: Salary You Need To Afford A Home In Every State
« Last post by hbiss on Today at 03:21:44 PM »
Like I said above, gas is $3/gal here also. I don't know if I would worry about Cuomo. All he cares about these days is guns and keeping the bridge named after his father. I'll bet he'll be running for Pres this time around and we'll be rid of him. Taxes don't make huge jumps anyway.

You might want to consider the South. Pick an area and see what the job opportunities for you are.

-Hal
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The Phone Booth / Re: Salary You Need To Afford A Home In Every State
« Last post by Keighlar on Today at 02:20:54 PM »
If it weren't for the snow, moving back to NH would be in the running.
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The Phone Booth / Re: Salary You Need To Afford A Home In Every State
« Last post by MacGyver on Today at 01:48:49 PM »
The difference in you and others is that you can be guided.  :015:

For those of you who didn't see it, this link was just pointed out to me that's at the bottom part of that article. If you click on it you can look at each state, and it will tell you how much annual income is needed to buy a home in that state as well as the median income is for that state. It's quite interesting.

http://www.simplemost.com/salary-need-afford-home-every-state/

 

 

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The Phone Booth / Re: Salary You Need To Afford A Home In Every State
« Last post by Keighlar on Today at 11:56:32 AM »
I've never owned a home, so my experience with tax rates is next to nil.  I do know that things are more affordable Upstate, Hal, but that's not for everything. Cuomo has a way of making blanket decisions where he seems to forget that we're not making the kind of money you are in the city.  Between NY and Federal taxes, gas jumped to over $3/gal overnight earlier this week.

Quote
Stace, you have been able to fix every single thing at your house.  Don't get me wrong, I get why it gets old and you wouldn't want to do it.  I feel the same way here, but you always doubt yourself more than anyone else who knows you.  Especially this crew.   :011:

Thank you, Trace.  I'm rarely successful without guidance, though.   :056:

 
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