Mindblown: a blog about philosophy.
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Is Buying A House Still A Good Investment?
Bankrate, through its Financial Review Board, offers expert advice on financial decisions, particularly in real estate. It educates consumers on making smart choices in the housing market. Despite increasing costs, home buying is still seen as a good investment due to appreciation and equity building. Homeownership is viewed as a significant achievement by many Americans,…
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Happy Fourth of July
To all great Americans around the world, a very Happy Fourth of July to you all. This day is incredibly significant as the day the United States officially became its own nation. Let’s celebrate America’s birthday with festivals, parades, fireworks and other festive activities.The 4th of July marks the day America became a country where…
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Charting New Jersey’s Property Tax
Effective Tax Rate: 1.64% Average Home Value: $577,821
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Top 5 NJ Towns With the Most Expensive Property Taxes
Tavistock Borough, Camden County Property taxes: $38K Millburn Township, Essex County Property taxes: $25K
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Discover NJ’s Budget-Friendly Living Wage
Living wage for a family of four: $104,770 Ranked 41st least expensive state for families.
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Getting a mortgage at a young age
If you're young and considering buying a home, ensure you're financially prepared. Factors to consider include credit history, employment stability, future plans, and potential assistance programs. It's essential to assess your readiness and make informed decisions before taking the leap into homeownership. Continue to full article
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NJ Seniors to Get up to 50% Tax Cut
NJ's Stay NJ law aims to cut property taxes for seniors earning <$500K by up to 50%. If implemented, seniors could save a maximum of $6.5K on property taxes starting in 2026.
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Live Like a Local: Top Spots to Call Home in New Jersey
Princeton: – Population: ~31K – Median home value: ~$971K – Median rent: $2,320 Princeton Junction: – Population: 2,022 – Median home value: ~$634K – Median rent: $1,286
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Living Expenses: NJ vs NYC
Lower cost of living in New Jersey compared to NYC, including groceries and gym memberships. Affordable housing market in New Jersey offers larger living spaces for less money.
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Why Are Mortgage Rates Stuck at Such High Levels?
The current average 30-year mortgage rate is 7.09%, leading to fewer buyers due to high costs and elevated home prices. Mortgage rates have increased significantly since 2022, but the Federal Reserve plans to cut rates in 2024, potentially lowering mortgage rates. To secure the best mortgage rate, shop around, improve credit score, and keep debts…
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