LogFAQs > #891607887

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Topic	What's the point in renting when you can be a property owner?
Romulox28 12/04/17 10:50:43 PM #14:	REMercsChamp posted... Romulox28 posted... REMercsChamp posted... Romulox28 posted... Property tax is killer If you own a home in my area valued at $700-$800k, your property tax per year is ~$2200-$2500. If your house is paid for, this is nothing. You pay that much MONTHLY in rent to some sleazy landlord around here. Property tax in my state (NJ) is insane. I think the town I live in is close to 4%, and houses are very expensive in the northern part of the state, which is where the jobs are 4% is fucking ridiculous! The houses must be worth nothing Thats the thing, houses in north jersey are expensive too. The other day my wife and I stopped into a town house that had an open house. Pretty standard town house, small, no land, 3br, etc. listed at like $440k and the property tax is over 3% in that town. NJ is fucking ridiculous. A lot of people are moving out now because they cannot afford to live here or retire here --- A Green Butter Alt http://i.imgur.com/LhwwG.gif <cite>Romulox28 posted [p:891607887] in What's the... [t:76063037]...</cite> <quote><cite>REMercsChamp posted...</cite> <quote><cite>Romulox28 posted...</cite> <quote><cite>REMercsChamp posted...</cite> <quote><cite>Romulox28 posted...</cite> <quote>Property tax is killer</quote> If you own a home in my area valued at $700-$800k, your property tax per year is ~$2200-$2500. If your house is paid for, this is nothing. You pay that much MONTHLY in rent to some sleazy landlord around here.</quote> Property tax in my state (NJ) is insane. I think the town I live in is close to 4%, and houses are very expensive in the northern part of the state, which is where the jobs are</quote> 4% is fucking ridiculous! The houses must be worth nothing</quote> Thats the thing, houses in north jersey are expensive too. The other day my wife and I stopped into a town house that had an open house. Pretty standard town house, small, no land, 3br, etc. listed at like $440k and the property tax is over 3% in that town. NJ is fucking ridiculous. A lot of people are moving out now because they cannot afford to live here or retire here --- A Green Butter Alt http://i.imgur.com/LhwwG.gif</quote> ... Copied to Clipboard!
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