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jeb9876

join:2010-03-28
Morrisville, PA
reply to Dodge

Re: Easements question

It is just wishful thinking that house prices in New Jersey have not gone down from the peak,even within reasonable commuting distance to New York.

Hightstown, right down the road from Englishtown, has just completed a reassessment because of property value drops from the last reassessment in 2008.

"The reassessment resulted in an average 17 percent decrease in values, Theokas said.

About half of the boroughs properties were devalued by 20 percent or more, he said."

»www.nj.com/mercer/index.ssf/2013···met.html

Just because many homeowners refuse to acknowledge reality doesn't mean that the value of their houses haven't dropped.


Dodge
Premium
join:2002-11-27

said by jeb9876:

It is just wishful thinking that house prices in New Jersey have not gone down from the peak,even within reasonable commuting distance to New York.

Hightstown, right down the road from Englishtown, has just completed a reassessment because of property value drops from the last reassessment in 2008.

"The reassessment resulted in an average 17 percent decrease in values, Theokas said.

About half of the boroughs properties were devalued by 20 percent or more, he said."

»www.nj.com/mercer/index.ssf/2013···met.html

Just because many homeowners refuse to acknowledge reality doesn't mean that the value of their houses haven't dropped.

Sorry to say but Hightstown is not a good comparison to Marlboro or Manalapan areas. School ratings are worse, taxes are somehow higher but the median income is below NJ average let alone Marlboro.

There is NJ and there is NJ. Every state has good areas and bad areas, grasping at an area that actually experienced decline in house prices does not create a good picture of the entire state.

Bob4
Account deleted

join:2012-07-22
New Jersey
reply to jeb9876

Hightstown? Ha, ha. No one wants to live there.