....the "good" school systems = higher priced homes (that's what they
say...).
Ex: "Holmdel has an excellent school system, and you pay extra for
that...".
or..
"Interlaken has no "school system" so you pay more...for that..."
What's driving people away....PROPERTY TAXES. The burbs are lacking
(most are) a commercial center / office complexes to help pay the high
cost of government and schools.... with no cap in the future. So when
you're kids head off to college and that new 5-7,000 sq ft house (or
more) becomes a 30k tax bill and 5k a month to heat and 12k a month
mortgage, you might wake up....
and head off to a 2 bedroom condo with all the features...or where I
went visting in Fl "the villages" - a giant frat party for the over 55
crowd. 5 sq miles, close to 4 million sq ft of retail, 2 "town
squares" where happy hour starts at 5pm where 80% of the people don't
leave the gates and drive around in golf carts vs cars. "Florida's
friendliest hometown..."
Expected to grow from 70,000 people today to 105,000 to 120,000 by
2012 140,000 by 2015. Why?
Avg 2 bed/2 bth home $154k today (less if you want less, more if you
still need more..)
After a few days watching the semiretired o retired having a great,c
arefree time - it's a scary look into the future. Lots of studies have
been done about this particular community...
"the friendliest community" has distinct "villages", a developer who
some claim is only in it for themselves (the family of the founder),
home owner associations, property owner associations, architectural
review boards (some people have to add on.. can't leave well enough
alone), a radio station, tv station, paper, churches, pools, rec
centers, golf courses, gates etc etc...
5 sq miles. AP is a bit more then 1.
Not that I want to be stuck in the middle of florida but there is ONE
exmaple of an "affordable" retirement community - why struggle to pay
up to nj property taxes? Especially if you can't afford it.
------------------------------------
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