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57   tatupu70   2015 Mar 22, 5:16pm  

Call it Crazy says

How many $45K jobs are available for graduates vs. how may $100K jobs are available?

Well, it depends if you're looking in Ocean County, NJ or Bay Area, CA.

58   carrieon   2015 Mar 22, 6:35pm  

Maybe some of these young adults are making 100%/yr with biotech stocks and don't care about buying a starter home. That party has been going on strong since 2009, but most likely will end by this summer.

59   MMR   2015 Mar 22, 9:47pm  

Call it Crazy says

MMR says

I stand by my original comment that it (Ocean County)is not the best place to live for professionals with school age children.

If you would have paid attention, this is where the condo talk came from:

The reasons why Ocean county isn't the best place to live for professional types with school age children is because 1) Most of the people in Ocean county are not professional 2) Most of the schools suck.

Call it Crazy says

OK, lets talk affordable...

First, the $450K condo in Orange Cty, CA, run the numbers... with 20% down ($90K), mortgage would be $360K, which would require close to a $100K annual salary.

Plus, how many 23 year olds have $90K for a down payment?

Median income in Orange County is $75K

You could get a cheaper condo in Riverside or San Bernardino county, if you want to live 1-1.5 hrs away from the city center (LA) or have an hour commute to Orange county.
Whether you live 1 hr away from LA/OC or 1 hr away from NY, you will find cheaper rates either way.

60   MMR   2015 Mar 22, 10:02pm  

Call it Crazy says

Now, in reality, how much is your average college graduate making in salary after graduation??

Sounds to me that people in their 20's have a hard time buying a house whether it is NJ or CA. Having been in and out of Ocean county for the last 21 years, I haven't seen too many homeowners in their early to mid 20's despite being affordable compared to much of the rest of the state, especially not anybody who went to college and has loans. Young people with 100K jobs, single or with young family aren't really sticking around Ocean county or coming to Ocean county from someplace else, for that matter.

http://www.nj.com/news/index.ssf/2014/12/nj_young_adults_more_likely_to_live_at_home_less_likely_to_marry_than_rest_of_us.html

http://www.nj.com/morris/index.ssf/2014/12/morris_has_high_proportion_of_young_adults_living_with_parents.html

http://www.ritholtz.com/blog/2014/08/why-are-young-adults-living-with-their-parents-and-when-will-they-move-out/

http://www.kfbk.com/articles/california-news-489209/report-35-percent-of-young-california-13038493/

61   MMR   2015 Mar 22, 10:19pm  

http://www.zillow.com/homedetails/711-Waters-Edge-Dr-11BA-Toms-River-NJ-08753/2103691770_zpid/

Waters edge is a dump and has been as long as I can remember....home to low level criminals....yeah great place to raise a young family and hobnob with other professionals....Just a hop, skip and jump from Toms River East (shitty high school) and its continuation, Hooper High (Ocean County College)

http://patch.com/new-jersey/tomsriver/toms-river-man-arrested-in-home-invasion-robbery

http://patch.com/new-jersey/tomsriver/toms-river-police-coax-upset-man-home

63   MMR   2015 Mar 22, 10:38pm  

The average home value in Toms River is 248,500....250K home in Toms River will be around 1800 sq ft and most likely needing work.

http://www.zillow.com/toms-river-nj/home-values/

If you go for something that costs 175K or less...it will probably need work, but more importantly, you will have shitty neighbors.....and worry about being robbed

64   bob2356   2015 Mar 24, 7:37am  

Call it Crazy says

There are boatloads more, but I'll let you continue to spew your crap....

You could of done a real easy search on Zillow, but then the truth would have blown your narrative...

MMR is right your list sucks. Most of these are in area's that are right next to busy roads. NJ 24/7 3 lanes of non stop traffic busy roads. If you want you view to be the back of strip malls and hear traffic noise at all times then that's ok I guess. Try hotpads, it will let you see exactly what the prices are on a map.

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