🤔Thinking of moving to one of New York City's Amazing Suburbs? 💁♂ We would love to help! 💻 Let’s Schedule time to speak: bit.ly/3jHEe73 📱 Call or Text +1-908-376-9987 📨 Email: jeffreymassey@kw.com
I would state the information is correct but there is one drawback (I live in Jersey City in Hudson County so I know this firsthand): Property Tax... it is one of the worse and it has gone by almost 3x during my short time with my mortgage... Outside of that.. I believe PATH is 15-20 min for Midtown and Downtown for me..
Hi David, fair point taxes can get expenses. By any chance did you buy new construction? But taxes are pretty expensive anywhere around NYC, maybe the the exception of parts of Fairfield county, but then you probably have a much longer commute so you have that trade off.
@@Jeff-Suburbs-of-NYC Guess my last comments were not saved.. My building no? But there were a lot of new luxury apartments and buildings in Jersey City.. That just increased the property value and taxes.. Again, my tax change is reflective of NJ as a whole in that it is the highest in the country... So this is why I stated my property tax had ballooned 300-400% over a 5 year period for my home... Outside of that, I do like NJ considering that I have been, lived, or considered in all the areas you brought up (raised in LI and Queens, consider living in Tarrytown or White Plans, have friends in Bergen and Hudson county as well as Stamford, CT).
@@davidrhee8533 Taxes aside, glad to hear you enjoy living here as well. Please share with friends are are living east of the Hudson so we can lure them this way.
I moved from Soho to Jersey City and finally to Millburn. The commute is long, compared to Jersey City Heights and Hoboken. The space is big and green. Love it so far. My wife is from Connecticut; she loved Millburn. Commute is 45 minutes to midtown but door to to is 1hr and 20.
@@Jeff-Suburbs-of-NYC Usually, I take the 7:21am trian to Penn Station, around 41 minutes based on the transit. I can't compliant the area is really lovely and perfect for family. Just can't beat the commute from Jersey City Heights, 20 minutes to midtown but the space, greenery, people and school are amazing in Millburn. I highly recommended for young family.
If one works in Midtown can't beat Westchester into GCT. I grew up on LI and endured the hell that is Penn Station and the awful LIRR which has a notorious on time record and the Jamaica bottle neck. I was fortunate th ride Hudson Line for decades from Croton. Heaven compared to LIRR. Jersey if you can take a train to Penn might be ok, but the buse through Lincoln Tunnel to PA is hell.
Ok, let's compare NJ has greater square mileage to find a home by ~8:1, yes? so, let's look at the inbound links to Midtown and Lower Manhattan by train NJ -> NYP 2 tracks all covered in salt damage, one or both tracks may go out at any time without warning due to any number of problems. A two-track relief connection has been on the books for a decade or more with varying levels of progress, not here yet. NYP, you have to compete with LIRR, Amtrak, and soon MNRR for capacity. You could also land in Hoboken and use the PATH, but the PATH's fundamental design limits its capacity, they use smaller cars because the tunnels were limited in size and capacity by the original Hudson tubes designer to prevent them from being used for freight. By Bus, you can have fun going through the Lincoln tunnel to the PABT with the long subway transfer. If you work in midtown to midtown east, then you have to take two trains to get to midtown, thankfully the shuttle is an easy ride. You get a much more direct route using PATH for financial district/downtown destinations. Westchester, PUTNAM, CT: You go in on a 4 track land-based mainline over a lift bridge that seems never to need to lift and land at GCT, a terminal with huge capacity, to the point that track reservations are reliable for months. If you work in Midtown east, you're done, midtown, a short walk, anywhere 14th and south, you will need to get on the most packed subway line in the western hemisphere where the capacity is so challenged at peak times the "express" trains move slower than the "local" trains to get to downtown destinations. PA you get the most liberty, but you have a hybrid commute, I don't see any good way to avoid a car unless the Lackawanna cutoff gets cleaned up. So here's the problem: Robust capacity. NJ has more people competing over less capacity. Your 8x sized landmass is connected to Manhattan with a pair of coffee stirrers while the rest of the metro is connected with fire hoses.
Great points, but for commuters into NYC it is a bit of a ride for everyday transit. But with remote work these days you never know. What are your favorite cities out there?
@@Jeff-Suburbs-of-NYC I agree but believe it or not there are so many residents I’ve spoken with that actually do the trip daily either bus or car for 2hrs max daily trip because of the home prices affordable food taxes and quality of life There’s several places to recommend for starters the commuters are majority in border cities that are booming Easton, New Hope, Levittown, Doylestown, the Lehigh Valley of Allentown and Bethlehem, Stroudsburg has many commuters and starting to boom, the rest are areas closer to Philly and under 90 minutes to the Atlantic City or Jersey beaches Ambler Glen Mills as well as Exton with access to several shopping malls like King Of Prussia as well as several state parks 👍🏽
@@markmilitant Wow great advice for people looking to save some money on housing costs. If you ever see a really cool house that you think I should drive out and tour I would love to do that! Thanks again for watching and commenting, it was great connecting!
I'm moving from Long Island to Little Falls NJ. It's only 20 miles from midtown but it will take an hour to get to the city. Where when I lived in Farmingdale, 34 miles, it was an hour. Can you tell me why it takes so much longer from little falls
Little Falls in on the Montclair-Boonton Line which does have a lot of stops, looks like your fastest train is 58 mins at 7:31 but it also has a transfer at Newark Board street which adds time. The Farmingdale train is probably only making stops in Nassau county and then goes express through much of Queens so there is a lot of milage without stops. That could explain the reason why they have roughly the same commute times.
@@Jeff-Suburbs-of-NYC looks like the bus would be a better option. Really appreciate your response. Wish I would have found your channel before I got locked into my contact
Families will save money on Estate Tax related matters by living in NJ NJ is the only state that doesn’t have estate tax on a state level. There is inheritance tax but that only applies to people outside the immediate family
Like the video but here’s the problem. $2.5K rent vs at least $5K purchase plus $100K+ down. Easy choice to stay close to NYC while kids are below 5 and then move to NJ suburb for 12 years renting. Once they grow off you go abroad to retire. The whole area here is so subpar from any European city. Who wants to be over 50 and still have to drive everywhere? It takes me 1.30 door to door to go to work while in my European getaway where I have my homes, it takes me 5min walking to the beach while being around 30 restaurants within 20min walking distance. Unfortunately this whole car dependency has killed America.
I like your thoughts on European retirement. But I guess depending on when you plan to retire, it might be good to secure a home and let the equity grow while protecting yourself from increased rent for the next 10, 20, or 30 years before you actually retire.
@@Jeff-Suburbs-of-NYC To each their own. I invest abroad all the savings from renting. If you plan on commuting 3 hours for 30 years then might as well go straight to the grave. I am not planning on staying a day longer than 12 years. 12 years are not enough to be worth it. Between the interest paid all during the first 15 years, the fees to buy and sell, the loss on compound interest on the down payment, and about 2k additional payments per month, it would be a miracle to be ahead in 12 years unless the market skyrockets. I rent for $2.5K and same townhome would be $4.5K per month plus maintenance with $100K down not including mortgage expenses.
@@Jeff-Suburbs-of-NYC 12 years is when you need a home in the suburbs for good schools. Why else be in freaking suburbia? In Europe I’d stay downtown where all the good schools are. No one goes 2+ hours away to escape low quality people in Europe. Unfortunately this what we need to do here for our kids to at least be 50% of an avg European. Our education sucks big time.
🤔Thinking of moving to one of New York City's Amazing Suburbs?
💁♂ We would love to help!
💻 Let’s Schedule time to speak: bit.ly/3jHEe73
📱 Call or Text +1-908-376-9987
📨 Email: jeffreymassey@kw.com
Jersey is nice but NJ transit sucks. LIRR isn't great either. Metro north is the best out of the 3
PATH is the best
I would state the information is correct but there is one drawback (I live in Jersey City in Hudson County so I know this firsthand): Property Tax... it is one of the worse and it has gone by almost 3x during my short time with my mortgage... Outside of that.. I believe PATH is 15-20 min for Midtown and Downtown for me..
Hi David, fair point taxes can get expenses. By any chance did you buy new construction? But taxes are pretty expensive anywhere around NYC, maybe the the exception of parts of Fairfield county, but then you probably have a much longer commute so you have that trade off.
@@Jeff-Suburbs-of-NYC Guess my last comments were not saved.. My building no? But there were a lot of new luxury apartments and buildings in Jersey City.. That just increased the property value and taxes.. Again, my tax change is reflective of NJ as a whole in that it is the highest in the country... So this is why I stated my property tax had ballooned 300-400% over a 5 year period for my home... Outside of that, I do like NJ considering that I have been, lived, or considered in all the areas you brought up (raised in LI and Queens, consider living in Tarrytown or White Plans, have friends in Bergen and Hudson county as well as Stamford, CT).
@@davidrhee8533 Taxes aside, glad to hear you enjoy living here as well. Please share with friends are are living east of the Hudson so we can lure them this way.
I moved from Soho to Jersey City and finally to Millburn. The commute is long, compared to Jersey City Heights and Hoboken. The space is big and green. Love it so far. My wife is from Connecticut; she loved Millburn. Commute is 45 minutes to midtown but door to to is 1hr and 20.
Just curious which train time are you taking in the morning and return home?
@@Jeff-Suburbs-of-NYC Usually, I take the 7:21am trian to Penn Station, around 41 minutes based on the transit. I can't compliant the area is really lovely and perfect for family. Just can't beat the commute from Jersey City Heights, 20 minutes to midtown but the space, greenery, people and school are amazing in Millburn. I highly recommended for young family.
Your voice is so relaxing
Wow, thank you, how flattering! Thanks for watching and commenting!! Are you thinking about relocating to this area?
From the Shire to the Tri-state area! Jk - great vid!
If one works in Midtown can't beat Westchester into GCT. I grew up on LI and endured the hell that is Penn Station and the awful LIRR which has a notorious on time record and the Jamaica bottle neck. I was fortunate th ride Hudson Line for decades from Croton. Heaven compared to LIRR. Jersey if you can take a train to Penn might be ok, but the buse through Lincoln Tunnel to PA is hell.
Ok, let's compare
NJ has greater square mileage to find a home by ~8:1, yes?
so, let's look at the inbound links to Midtown and Lower Manhattan by train
NJ -> NYP 2 tracks all covered in salt damage, one or both tracks may go out at any time without warning due to any number of problems. A two-track relief connection has been on the books for a decade or more with varying levels of progress, not here yet. NYP, you have to compete with LIRR, Amtrak, and soon MNRR for capacity. You could also land in Hoboken and use the PATH, but the PATH's fundamental design limits its capacity, they use smaller cars because the tunnels were limited in size and capacity by the original Hudson tubes designer to prevent them from being used for freight. By Bus, you can have fun going through the Lincoln tunnel to the PABT with the long subway transfer. If you work in midtown to midtown east, then you have to take two trains to get to midtown, thankfully the shuttle is an easy ride. You get a much more direct route using PATH for financial district/downtown destinations.
Westchester, PUTNAM, CT: You go in on a 4 track land-based mainline over a lift bridge that seems never to need to lift and land at GCT, a terminal with huge capacity, to the point that track reservations are reliable for months. If you work in Midtown east, you're done, midtown, a short walk, anywhere 14th and south, you will need to get on the most packed subway line in the western hemisphere where the capacity is so challenged at peak times the "express" trains move slower than the "local" trains to get to downtown destinations.
PA you get the most liberty, but you have a hybrid commute, I don't see any good way to avoid a car unless the Lackawanna cutoff gets cleaned up.
So here's the problem: Robust capacity. NJ has more people competing over less capacity. Your 8x sized landmass is connected to Manhattan with a pair of coffee stirrers while the rest of the metro is connected with fire hoses.
Excellent vid. You did your homework
Thanks glad you enjoyed it! Do you live in NJ?
@@Jeff-Suburbs-of-NYC not yet
Best state outside nyc is Pennsylvania better taxes better income tax better space and greenery better people in terms of rudeness.
Great points, but for commuters into NYC it is a bit of a ride for everyday transit. But with remote work these days you never know. What are your favorite cities out there?
@@Jeff-Suburbs-of-NYC I agree but believe it or not there are so many residents I’ve spoken with that actually do the trip daily either bus or car for 2hrs max daily trip because of the home prices affordable food taxes and quality of life There’s several places to recommend for starters the commuters are majority in border cities that are booming Easton, New Hope, Levittown, Doylestown, the Lehigh Valley of Allentown and Bethlehem, Stroudsburg has many commuters and starting to boom, the rest are areas closer to Philly and under 90 minutes to the Atlantic City or Jersey beaches Ambler Glen Mills as well as Exton with access to several shopping malls like King Of Prussia as well as several state parks 👍🏽
@@markmilitant Wow great advice for people looking to save some money on housing costs. If you ever see a really cool house that you think I should drive out and tour I would love to do that! Thanks again for watching and commenting, it was great connecting!
Thats WAY to far a commute for me though and i work in manhattan. Thats over 1k hours a year thats basically going to nothing which is insane.
@@marcelrodriguez2067 renting in a high crime high taxes Manhattan is basically going to nothing to each their own 🤷🏻♂️
I'm moving from Long Island to Little Falls NJ. It's only 20 miles from midtown but it will take an hour to get to the city. Where when I lived in Farmingdale, 34 miles, it was an hour. Can you tell me why it takes so much longer from little falls
Little Falls in on the Montclair-Boonton Line which does have a lot of stops, looks like your fastest train is 58 mins at 7:31 but it also has a transfer at Newark Board street which adds time. The Farmingdale train is probably only making stops in Nassau county and then goes express through much of Queens so there is a lot of milage without stops. That could explain the reason why they have roughly the same commute times.
@@Jeff-Suburbs-of-NYC looks like the bus would be a better option. Really appreciate your response. Wish I would have found your channel before I got locked into my contact
@@shirazpervez2405 Of course here to help. Please share if you know anyone else looking. Thanks!
You can get a good town in Nassau county and have a commute to penn in under an hour
Families will save money on Estate Tax related matters by living in NJ
NJ is the only state that doesn’t have estate tax on a state level. There is inheritance tax but that only applies to people outside the immediate family
Didn't watch the video, but the answer is NJ. Not even close.
Best state is the one that did not institute draconian lock downs during covid...
Like the video but here’s the problem. $2.5K rent vs at least $5K purchase plus $100K+ down. Easy choice to stay close to NYC while kids are below 5 and then move to NJ suburb for 12 years renting. Once they grow off you go abroad to retire. The whole area here is so subpar from any European city. Who wants to be over 50 and still have to drive everywhere?
It takes me 1.30 door to door to go to work while in my European getaway where I have my homes, it takes me 5min walking to the beach while being around 30 restaurants within 20min walking distance. Unfortunately this whole car dependency has killed America.
I like your thoughts on European retirement. But I guess depending on when you plan to retire, it might be good to secure a home and let the equity grow while protecting yourself from increased rent for the next 10, 20, or 30 years before you actually retire.
@@Jeff-Suburbs-of-NYC To each their own. I invest abroad all the savings from renting. If you plan on commuting 3 hours for 30 years then might as well go straight to the grave.
I am not planning on staying a day longer than 12 years. 12 years are not enough to be worth it. Between the interest paid all during the first 15 years, the fees to buy and sell, the loss on compound interest on the down payment, and about 2k additional payments per month, it would be a miracle to be ahead in 12 years unless the market skyrockets. I rent for $2.5K and same townhome would be $4.5K per month plus maintenance with $100K down not including mortgage expenses.
@@sakispsinakis Wow 12 years, I hope I can jump on that path soon! Best of luck to you on your investing. Stay well!!
@@Jeff-Suburbs-of-NYC 12 years is when you need a home in the suburbs for good schools. Why else be in freaking suburbia? In Europe I’d stay downtown where all the good schools are. No one goes 2+ hours away to escape low quality people in Europe. Unfortunately this what we need to do here for our kids to at least be 50% of an avg European. Our education sucks big time.