2019 Nov 26th

That’s OK Boomer, I’ll Just Rent

It’s no secret that young people don’t want to own things.  Uber, streaming, even rental furniture and clothing are all popular now.  When a young person needs 10% of the purchase price  of a home for a down payment, and has vast outstanding student loan debt, it become very hard to buy that starter home.  I’m certainly seeing fewer first time condo buyers in Hoboken.  There was recently an article on BrickUnderground.com about NYC renters who intend to rent forever.  It’s really a shame as buying a home is one of the fastest and easiest ways to accumulate wealth.  Good times or bad, people tend to make their mortgage payment while they may not be so diligent about savings.  Over time, property appreciates and wealth accumulates.  Yet many young people simply can’t buy a home because they have no or little saving.  Others don’t want to buy a home as they don’t see any advantage to owning over renting.  Personally, I would never live in a rental after having owned my own home.  But to each his own.

Posted by Lori Turoff | Currently 8 Comments »

2019 Nov 20th

Housing Discrimination? In Hudson County?

This is very eye-opening and relevant to the changing population of Hudson County.  (Sorry- can’t figure out how to post the article/video except at a link back to Newsday, where it was initially published.)

Long Island Divided

Posted by Lori Turoff | Currently 2 Comments »

2019 Nov 20th

The Hoboken Condo Weekly Wednesday Wrap Up for the Week Ending November 20th

Week ending Nov 20th, 2019

For report with links:

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  •  262 active Hoboken listings
  •  218 Condo & Co-op listings
  • 24 Single-family and Multi-family  

This Week’s Residential Property Sales & Activity:

Studio & 1-Bedroom Properties

8 New

5 Pending.

3 Sold

2-Bedroom Properties

8 New

8 Pending

8 sold

3-Bedroom & larger Properties

4 New

7 Pending.

  • 501 Adams 2C, listed 6/26 for $825k.
  • 422 Hudson #1, listed 11/6 for $849k.
  • 829 Wash PHB, listed 9/18 for $1.3mil.
  • 115 Grand 301, listed 11/1 for $1.4mil.
  • 115 Grand 401,listed 11/1 for $1.45mil.
  • 115 Grand 305, listed 11/1 for $1.45mil.
  • 10 Paterson 5B, listed 10/23 for $1.46mil.

1 Sold

  • 324 Hudson #2, listed 5/2 for $1.96mil, sold for $1.86mil.

The information provided in this private transmission is only for the personal, non-commercial use of you, the consumer.  It may not be reproduced or distributed in any manner.  It may not be used for any purpose other than to identify prospective properties you the consumers may be interested in purchasing or renting.

Sales numbers rounded up for convenience.  Information is deemed to be reliable but not guaranteed.

Posted by Lori Turoff | Currently No Comments »

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