This is part of another post. I thought this portion of the post to be interesting enough to be posted under its own thread. It is a result of our real expereience. Agree or Disagree, here it is:
We are attempting to vote about the situation at hand with our feet. We paid a total of 517 K for the property to construct a custom home there in 1987. We added another 100 K into it over the years to date. It is truely a "Mini Estate", with three + Acres and severeal ponds and 10+ Acre adjacent lots. We have been told that our RT home will not draw more than around 600 K because of some unknown entity that no real estate agent will describe to us. We have also been told that we will not be able to replace our home in Morris county for the same price that we sell it for assuming that we get 600 K. We have been told by real many real estate agents that our property will cost 1.2 Megs to replace anywhere in Northern NJ. But we are not idiots and we understand the situation at hand and we are proceeding with the sale, nonetheless.
Now just think about that - - -
15 years in your home -
3 + acres -
Custom Home -
3600 ft^2 on so called the livable space (4500 sq feet total improved space).- - - - -
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I am certain that you folks wish us good luck and of course, we wish all of our RT friends good luck in your future too. But, if you do not keep the money monger out of there, you and your township are absolutete toast.
