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18 Comments on "Hoboken on CNN Video"

johndoe
Member
johndoe

everything will be even better when they build more condos.

Foster
Member

I always heard that NYC real estate taxes were cheaper because they have such a large commercial base. Hoboken just keeps on building residential which then requires additiaonl services eating up the additioanl revenue.

slamman
Member
slamman

[quote comment=”35019″]What they always fail to tell you is that the price of the “unit” may be lower here than in NYC, but your taxes are 5 times higher.[/quote]

Let’s be fair – NYC’s real estate taxes are lower because NYC has an income tax. Overall, the tax bite in NYC is much higher than here. Our problem isn’t that our taxes are too high, it’s that the money isn’t well spent. If we had parks and good schools I would happily pay even higher taxes.

Of course then apartments here would cost as much as in NYC, and we’d have to raise taxes even more to add more affordable housing.

krewedetat
Member
krewedetat

What they always fail to tell you is that the price of the “unit” may be lower here than in NYC, but your taxes are 5 times higher.

Does anyone call their apartment a “units”, or just real estate people. Are “pods” next?

Yankgrl
Member
Yankgrl

So according to that R.E. guy, in Hoboken you can “stretch” your dollar…OH yeah over $400k for 500 sq feet is QUITE the bargain!

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