re: #444 lawhawk

In NJ, a home with 5700 sf of land and 1500sf home can run upwards of $8,700 in property taxes. And that’s cheap for our area. Most of the towns in Northern NJ see property taxes pushing $10k and above for less than an acre or thereabouts and less than 3k of living space. Obscene doesn’t even begin to cut it.

Forget about home ownership for the new middle class. Or at least the ones that are left. That leaves the majority of people having no choice but to rent. This of course leads to a great deal of uncertainty come retirement age.