Author Topic: Lakewood, NJ Area Master Thread (Toms River, Howell, Jackson)  (Read 2350 times)

Offline erlich

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Re: Lakewood, NJ Area Master Thread (Toms River, Howell, Jackson)
« Reply #15 on: January 19, 2020, 12:25:43 AM »
Unbelievable Deal
For $10k cash you can own your own house !
And $2100 monthly payments after all fees
Its 2400 square ft.
You can get a $10k grant in new jersey for closing costs and a 97% first time home buyer mortgage

Offline dealfinder11

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Re: Lakewood, NJ Area Master Thread (Toms River, Howell, Jackson)
« Reply #16 on: January 19, 2020, 08:07:33 AM »
Unbelievable Deal
For $10k cash you can own your own house !
And $2100 monthly payments after all fees
Its 2400 square ft.
You can get a $10k grant in new jersey for closing costs and a 97% first time home buyer mortgage

Or you can be responsible and save up until you have enough money for a normal down payment and then buy a normal house for the same monthly payments.

Offline Mordyk

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Re: Lakewood, NJ Area Master Thread (Toms River, Howell, Jackson)
« Reply #17 on: January 19, 2020, 08:49:07 AM »
Or you can be responsible and save up until you have enough money for a normal down payment and then buy a normal house for the same monthly payments.
-1. For most people this is more responsible than anything else.  Less money tied up and mortgage is almost rent. My mortgage is $3k on a $500k house

Offline dealfinder11

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Re: Lakewood, NJ Area Master Thread (Toms River, Howell, Jackson)
« Reply #18 on: January 19, 2020, 08:50:37 AM »
-1. For most people this is more responsible than anything else.  Less money tied up and mortgage is almost rent. My mortgage is $3k on a $500k house

How much did you put down?

Offline Mordyk

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Re: Lakewood, NJ Area Master Thread (Toms River, Howell, Jackson)
« Reply #19 on: January 19, 2020, 08:53:32 AM »
How much did you put down?
10%  20% would have been $2800 a month

Why do you think its responsible to put down a lot of money? I think its responsible to have a low monthly payment.

These houses are actually less than $2000 a month.  I did the math already

Offline erlich

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Re: Lakewood, NJ Area Master Thread (Toms River, Howell, Jackson)
« Reply #20 on: January 19, 2020, 09:05:19 AM »
Or you can be responsible and save up until you have enough money for a normal down payment and then buy a normal house for the same monthly payments.
Well from your mouth to god's ear ... many people try the best ,its ain't east living a frum life and save money , getting older life costs more and much harder to save

Offline dealfinder11

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Re: Lakewood, NJ Area Master Thread (Toms River, Howell, Jackson)
« Reply #21 on: January 19, 2020, 09:09:14 AM »
Well from your mouth to god's ear ... many people try the best ,its ain't east living a frum life and save money , getting older life costs more and much harder to save

then as the financial advisors say. "you gotta boost your earning power" . Or you need to take a good look at your spending. Most frum people getting older can't offered NOT to save.

Offline dealfinder11

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Re: Lakewood, NJ Area Master Thread (Toms River, Howell, Jackson)
« Reply #22 on: January 19, 2020, 09:11:53 AM »
10%  20% would have been $2800 a month

Why do you think its responsible to put down a lot of money? I think its responsible to have a low monthly payment.

These houses are actually less than $2000 a month.  I did the math already

I agree its about monthly payment. Why I said save a little and get a normal house, not a westgate style one. Without getting too technical, I think for most people buying a 500k house, 3k is generally way too high of a monthly payment. Especially if you plan on saving money in the future.

Offline erlich

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Re: Lakewood, NJ Area Master Thread (Toms River, Howell, Jackson)
« Reply #23 on: January 19, 2020, 09:25:16 AM »
then as the financial advisors say. "you gotta boost your earning power" . Or you need to take a good look at your spending. Most frum people getting older can't offered NOT to save.
Well i know people that try hard to make ends meet and can't earn more even with 2 paychecks , you sound young ...and didn't start life yet , not everyone is lucky to make easy alot of money

But let's not loose ourselves to get a house for $10,000 and mortgage payments is cheaper than your rent is a no brainer, besides this will be worth much more in the future and can sell for a profit
« Last Edit: January 19, 2020, 09:37:33 AM by erlich »

Offline S209

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Re: Lakewood, NJ Area Master Thread (Toms River, Howell, Jackson)
« Reply #24 on: January 21, 2020, 05:12:14 PM »
Well i know people that try hard to make ends meet and can't earn more even with 2 paychecks , you sound young ...and didn't start life yet , not everyone is lucky to make easy alot of money

But let's not loose ourselves to get a house for $10,000 and mortgage payments is cheaper than your rent is a no brainer, besides this will be worth much more in the future and can sell for a profit

Not sure I agree with all of your math and your assumptions but I agree that this is probably more financially sound than saving up money to purchase a larger home with a larger monthly payment
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Offline avromie7

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Re: Lakewood, NJ Area Master Thread (Toms River, Howell, Jackson)
« Reply #25 on: January 21, 2020, 05:39:04 PM »
Well i know people that try hard to make ends meet and can't earn more even with 2 paychecks , you sound young ...and didn't start life yet , not everyone is lucky to make easy alot of money

But let's not loose ourselves to get a house for $10,000 and mortgage payments is cheaper than your rent is a no brainer, besides this will be worth much more in the future and can sell for a profit
This is why there are so many homes in Toms River in foreclosure.
I wonder what people who type "u" instead of "you" do with all their free time.

Offline avromie7

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Re: Lakewood, NJ Area Master Thread (Toms River, Howell, Jackson)
« Reply #26 on: January 21, 2020, 05:53:44 PM »
Well i know people that try hard to make ends meet and can't earn more even with 2 paychecks , you sound young ...and didn't start life yet , not everyone is lucky to make easy alot of money

But let's not loose ourselves to get a house for $10,000 and mortgage payments is cheaper than your rent is a no brainer, besides this will be worth much more in the future and can sell for a profit
This size house will not work long term for most families, it's basically the same as Coventry. Do you know anyone who bought in Coventry and was able to get their down payment back when they sold? There's no way this used will sell for as much as brand new, never mind more.
I wonder what people who type "u" instead of "you" do with all their free time.

Online aygart

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Re: Lakewood, NJ Area Master Thread (Toms River, Howell, Jackson)
« Reply #27 on: January 21, 2020, 06:11:11 PM »
This size house will not work long term for most families, it's basically the same as Coventry. Do you know anyone who bought in Coventry and was able to get their down payment back when they sold? There's no way this used will sell for as much as brand new, never mind more.
I do know people who got back profits in Lakeview. Coventry has some of its own unique dynamics.
The thing with the hamster is that running on the wheel is actually what it is trying to do.

Offline Jellybelly

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Re: Lakewood, NJ Area Master Thread (Toms River, Howell, Jackson)
« Reply #28 on: January 21, 2020, 07:45:18 PM »
I do know people who got back profits in Lakeview. Coventry has some of its own unique dynamics.
Lakeview is bigger than coventry, they have basements

Online aygart

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Re: Lakewood, NJ Area Master Thread (Toms River, Howell, Jackson)
« Reply #29 on: January 21, 2020, 07:52:04 PM »
Lakeview is bigger than coventry, they have basements
And these? They are 2400 sqft!
The thing with the hamster is that running on the wheel is actually what it is trying to do.