Monday, November 16, 2015
Outrageous home prices
A flip through the real estate section in the local papers shows a very sad reality. Lakewood is no longer affordable to purchase a home for a young couple. Overpriced homes are advertised for potential out of town or wealthy buyers. Realtors don't shop homes to locals anymore but lure brooklynites who are willing to pay more and can afford to put down more. A home was priced at $1,500,000 or best offer. Another ad had homes asking for $799,000 with taxes at 18k a year! Insurance costs is more than the advertised sum of only $1,000. To be fair prices in Brooklyn have priced out young couples too. For the average youngerman looking to buy after saving up for 10 years for a down payment it is still not enough. Besides the fact that even what is within reach is a duplex or town house. Jackson and other local towns are not that cheaper but it's more affordable with a stable tax rate and one can still find a single home with a nice yard.