Maybe Treating Housing as an Investment Was a Colossal Mistake

Re:Maybe Treating Housing as an Investment Was a Colossal Mi... by lotsofpulp on Monday March 06, 2023 @01:11PM (#35045007)

While I agree with the sentiment of your comment, I would need proof of this:

> You can buy a home that is a 30m commute by train or bus to NYC for <= $400k.

Even a door to door commute from Secaucus, NJ station, one stop from Midtown is 20min+. I would say 60min is at least the commute you would need for housing at $400k.

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Re:Maybe Treating Housing as an Investment Was a Colossal Mi... by nemo44x on Monday March 06, 2023 @01:53PM (#35045782)

Clifton, NJ is 30m by bus. You can get a Cape Cod there for 400k. Harrison,NJ and other places around Newark are cheap and close. Maybe not door to door but you’re at Penn or WTC by then. Most people that live in NYC aren’t 30m door to door to work.

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Re:Maybe Treating Housing as an Investment Was a Colossal Mi... by the_gastropod on Monday March 06, 2023 @02:26PM (#35046323)

Currently on Zillow, there are no homes listed for sale in Harrison, NJ for < $400k. The cheapest option is a condo listed for $419k. And it has a $440/month HOA fee.

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