Reasons to buy in Hoboken

1) you have leverage by the resale value of your home

2) 5-10 years from now Hoboken will have more attractions

3) the local mortgage rate is 5% flat

4) the appreciated value of homes are down 1%, (currently -.05%) compared to surrouding jersey city, bayonne etc... which are continuing to slide more than 2%

5) more and more families are starting to infultrate the areas due to the homey feel and brownstone decor that appeals to young couples and families like in NYC

6) access to ferries and public transport, with more free shuttle services for new building development
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April 14 2009 - Hoboken
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Answers (6)

Best Answer
Profile picture for Bitter Renter Ron
Let's not forget Sinatra was from Hoboken!

So was Playboy Penguin:


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April 14 2009
Profile picture for sunnyview
Are you serious 47% tax increase? Wow and I thought taxes in CT were bad.
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April 14 2009
Profile picture for daveyjones2007
Reasons to buy in Hoboken starts and ends with the headline "Manhattan real estate stages recovery", whenever that might happen.  It is crazy to think otherwise.
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April 14 2009
Profile picture for frisky1
Also Hoboken just raised its taxes by 47% - that's a great reason to buy in town.
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April 14 2009
Let's not forget Sinatra was from Hoboken! 
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April 14 2009
Profile picture for klarek the realist
"you have leverage by the resale value of your home"

That is incredibly vague.  I'm willing to bet you don't have the foggiest clue what you're talking about.

"the appreciated value of homes are down 1%, (currently -.05%) compared to surrouding jersey city, bayonne etc... which are continuing to slide more than 2%"

In other words, prices have further to fall in Hoboken.


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April 14 2009
 
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