I make good money but can’t afford a house in NJ.

I make good money but can’t afford a house in NJ. I (29M) lives in Northern New Jersey looking to purchase my first home. My annual income is $150,000 pre-tax and have no debt. My take …

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I Make Good Money But Can’t Afford A House In NJ.

4 weeks from now

I make good money but can’t afford a house in NJ. I (29M) lives in Northern New Jersey looking to purchase my first home. My annual income is $150,000 pre-tax and have no debt. My take …

reddit.com

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Wife And I Make $160k Between Us And Can't Find Affordable

4 weeks from now

The market has been super rough for the $350-$500k market forever. Open house then best and final offer the next day and who ever has the highest cash offer wins. I can’t tell you how many …

reddit.com

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People Who Can No Longer Afford Housing In NJ, Where Are You

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Check out upstate ny. Lots of walkable towns and cities. Rent is much less. Livable homes can be bought $60k (WAY upstate, places like massena, ogdensburg) to $100-150k (Syracuse) to …

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North Jersey Real Estate: Salary Needed To Afford A Home

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Dec 2, 2023 · High mortgage rates also make an impact, with a typical monthly mortgage payment at $2,866 nationally, up 20% from $2,395 in 2022. How much do you need to make …

northjersey.com

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NJ Real Estate: Starter Homes Hard To Afford In Market - Bergen …

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Sep 13, 2021 · A $350,000 home in livable shape, if such a home could be found, would cost around $2,100 a month in mortgage payments and property taxes. What about affordable …

northjersey.com

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NJ Housing Issues, Stories Wanted From Renters, Landlords, …

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May 18, 2021 · Residents can’t afford rising home prices You need to make $29.69 an hour, or around $60,000 a year, to afford a two-bedroom market-rate rental in New Jersey.

northjersey.com

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How Do You Afford To Stay Here? : R/newjersey - Reddit

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You really do need to make more money than $45k each if you're going to live that close to NYC. I was raised in Central NJ and still work there, but moved a year and a half ago to Bordentown …

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Ways To Fix NJ's Affordable Housing Shortage - Bergen Record

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Jun 6, 2022 · Over the last decade, New Jersey governors drained or diverted more than $300 million from the state Affordable Housing Trust Fund, a pot of money intended to construct …

northjersey.com

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25% Of N.J. Renters Can’t Afford Housing. What’s Next As New …

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Nov 20, 2024 · 25% of N.J. renters can’t afford housing. What’s next as new affordable housing rules take effect? Policymakers discussed expanding multi-family housing and building …

jerseybee.org

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NJ Affordable Housing In 2025: Here's What's Ahead - Bergen Record

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2 days ago · NJ remains in a housing crisis. Here's what residents can expect in 2025 ... New Jersey committed $30 million to try to house more than 1,000 veterans experiencing …

northjersey.com

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NJ Homeowner Assistance Launches Feb. 8 To Help Pay Mortgage, …

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Jan 24, 2022 · New Jersey homeowners struggling to pay their mortgage or property taxes can apply for up to $35,000 in aid when the state opens its application portal on Feb. 8.

northjersey.com

FAQs about I make good money but can’t afford a house in NJ. Coupon?

Will New Jersey make buying a home more affordable?

New Jersey lawmakers have introduced bills that would make buying a home more affordable. The New Jersey American Dream Act, S1446, sets aside $25 million for down payment and home repair assistance to low- and moderate-income first-time homebuyers. ...

How can I make homeownership more affordable?

You can also make homeownership more affordable by increasing your income. After all, if the amount of money you have coming in each month goes up, the amount you can afford to spend on a home also goes up. See how much house you can afford with our free mortgage calculator! There are all sorts of ways to increase your income. ...

What percentage of New Jersey renters can't afford housing?

25% of N.J. renters can’t afford housing. What’s next as new affordable housing rules take effect? Policymakers discussed expanding multi-family housing and building sustainably at the 2024 governor’s conference on housing but paid little attention to remedying segregation. A neighborhood in Essex County. Licensed via Adobe Stock. ...

Why can't I afford to buy a house?

But here’s the truth, you guys: The main reason lots of people can’t afford to buy a house is because way too much of their paycheck every month is going toward payments on cars, student loans, credit cards, or all of the above. Let’s crunch a few numbers to see why that’s such a problem. ...

Why is housing so expensive in New Jersey?

“A constrained housing supply has been exacerbated by resistance to creating more homes, and that’s made it very expensive — for renting or buying — and it’s getting almost unattainable for most families,” said Zoe Baldwin, New Jersey director of the nonprofit Regional Plan Association. ...

How much does it cost to buy a home in New York?

Redfin found that homebuyers in the New York metropolitan area — which includes North Jersey — must make $197,734 annually to afford a median-priced home, a 20.5% increase from last year. The median home sale price in our area is $725,000, and the median monthly mortgage payment is $4,943. ...