▲ 89 r/MovingtoNewJersey
People on this sub grossly underestimate how much you truly need to make to afford to live in towns like Spring Lake, Rumson, Saddle River, etc.
Inspired by this post
https://www.reddit.com/r/MovingtoNewJersey/comments/1t3z0pc/a_little_nervous_about_moving_to_nj/
People saw 600k HHI and started throwing around towns like Rumson, Spring Lake.
If you actually look at the available real estate and calculate PITI for those homes, 600k is nowhere near enough to afford a modest SFH 3b/2b.
You need be making minimum 1m+ to even think about those towns if you want to comfortably afford the PITI.
u/somedudehere123 — 7 days ago