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Dude from college is a Managing Director at Goldman, bought a $800k house.
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Date: May 29th, 2018 4:34 PM Author: Spectacular Casino His salary + bonus at Goldman must be north of $500k, right? Why would him and his wife buy a cheap shitty 80-year old suburban house in Montclair or Maplewood or whatever suburban NJ hellhole with a 1 hour commute to work? (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36146645) |
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Date: May 29th, 2018 4:37 PM Author: Spectacular Casino Serious qq. I thought this type of striver ended up buying like a $1.5M house in Brooklyn or an UWS co op or something (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36146657) |
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Date: May 29th, 2018 8:41 PM Author: Slate orchestra pit Neither Montclair nor Maplewood are suburban hellholes. They're nice without being Greenwich level pomposity (much more affordable too) so your kids can go to public school, actually interact with high IQ stock kids in addition to middle class kids to give them a sense of reality. Only issue is that they're both now full of anti-TRUMP Demtards (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36148097) |
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Date: May 29th, 2018 8:53 PM Author: Dead Mauve Stag Film Wagecucks Also they're ~30-40 minutes from the city, not an hour (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36148193) |
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Date: May 29th, 2018 8:54 PM Author: arousing flushed parlour Good luck keeping your actual door-to-desk commuter less than 1 hour. (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36148207) |
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Date: May 29th, 2018 8:56 PM Author: Dead Mauve Stag Film Wagecucks If you work around penn station should be doable. Jersey city as well, come to that. (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36148213) |
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Date: May 29th, 2018 8:58 PM Author: arousing flushed parlour Did you just compare commute to MFH from Montclair and from Jersey City?
JFC |
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Date: May 29th, 2018 9:32 PM Author: Spectacular Casino Especially retarded given that she lives 30 feet from the Holland Tunnel highway.
But PATH is 10 mins into Manhattan and comes every 4 minutes, while NJTransit is 50 mins to Penn and comes at irregular intervals averaging every 25 minutes at peak hour, not comparable at all |
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Date: May 29th, 2018 10:52 PM Author: Dead Mauve Stag Film Wagecucks no I compared
montlcair - > mfh with
montclair - > jersey city
Although it's not that crazy to compare jersey city with maplewood/montclair either. A lot depends on whether you are right on the train station of need to walk an extra 15 minutes.
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Date: May 30th, 2018 10:42 PM Author: Spectacular Casino yeah if you live a 2 hour walk from a subway station it's comparable to kayaking down the hudson from poughkeepsie
please stop shitting up this thread with your nonsensical garbage |
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Date: May 29th, 2018 9:28 PM Author: Spectacular Casino Shut the fuck up you stupid cunt. Here are the directions by train
Shared route From 200 West Street to Maplewood, departs from Brookfield Place / Battery Park City.
1 hr 6 min https://goo.gl/maps/hfm2J6vJGGk |
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Date: May 29th, 2018 10:54 PM Author: Dead Mauve Stag Film Wagecucks what sort of a crazy dumbass would DRIVE to mfh from maplewood? You take the train and play on your phone like a normal person. (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36149235) |
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Date: May 30th, 2018 8:57 AM Author: Spectacular Casino Those are the train directions to Goldman Sachs you drooling imbecile (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36150558) |
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Date: May 30th, 2018 3:01 PM Author: Dead Mauve Stag Film Wagecucks Why are you going to battery park city? Maplewood is for midtown penn station. Otherwise you live in brooklyn. (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36152932) |
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Date: May 30th, 2018 10:42 PM Author: Spectacular Casino you are so fucking stupid it hurts. read the OP again you retarded ape. are you completely incapable of putting 2 and 2 together? you have the attention span of a pigeon (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36156175) |
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Date: May 30th, 2018 10:55 PM Author: Spectacular Casino jfc (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36156268) |
Date: May 29th, 2018 4:35 PM Author: massive fuchsia office trust fund LOLJJC (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36146649) |
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Date: May 29th, 2018 4:36 PM Author: claret multi-billionaire (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36146652) |
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Date: May 29th, 2018 4:38 PM Author: Spectacular Casino Just seems uncharacteristic for this sort of aa JJC-like Indian striver not to conspicuously flaunt wealth by buying a flashier house or at least a place in MFH or Brooklyn (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36146664) |
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Date: May 30th, 2018 2:20 PM Author: Jet-lagged nubile cruise ship (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36152575) |
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Date: May 30th, 2018 11:56 PM Author: crusty den (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36156666) |
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Date: May 29th, 2018 4:38 PM Author: Transparent aromatic tank forum perhaps he has other hobbies he'd rather fund (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36146659) |
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Date: May 29th, 2018 4:39 PM Author: Spectacular Casino He's got a wife and kid. And is a wagecuck at Goldman. Lol at 'hobbies' (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36146668) |
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Date: May 29th, 2018 8:54 PM Author: Dead Mauve Stag Film Wagecucks maybe funding his savings and investment are his hobbies. Those would be good hobbies for him to have. (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36148208) |
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Date: May 29th, 2018 9:33 PM Author: Spectacular Casino (Bitch who lives next to Holland Gardens housing projects) (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36148444) |
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Date: May 29th, 2018 4:39 PM Author: Glittery hell Peace of mind. (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36146672) |
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Date: May 29th, 2018 4:41 PM Author: free-loading karate Renovating or rebuilding on a nice lot? Getting ready to jump off the GC carousel? (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36146683) |
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Date: May 29th, 2018 7:58 PM Author: Spectacular Casino The lot is tiny by suburban standards. Maybe 35×150 feet? or 0.1 acres? Like. A 1700 sq ft house
House looked decently renovated when they bought it. Probably not allowed to tear it down in that town. |
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Date: May 29th, 2018 4:43 PM Author: Cowardly Coiffed Telephone say more about what he does? compliance and the special situations group both have managing directors. doesn't mean they're compensated similarly (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36146694) |
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Date: May 29th, 2018 7:58 PM Author: Spectacular Casino How much do they make in the research division? (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36147791) |
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Date: May 29th, 2018 8:21 PM Author: Slate orchestra pit Depends. Still in the 400k-500k region probably. (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36147924) |
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Date: May 29th, 2018 11:19 PM Author: Cowardly Coiffed Telephone Significantly lower than banking and trading (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36149383) |
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Date: May 30th, 2018 11:47 AM Author: Pearly Vibrant Nowag Theater trading is dying bro.
ibd > research though for bonuses and hours worked |
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Date: May 30th, 2018 12:35 PM Author: Cowardly Coiffed Telephone research is dying even faster lol (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36151924) |
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Date: May 30th, 2018 11:50 AM Author: Boyish blue jap However much his overlords reward him for following orders and publishing what they need to win banking deals.
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Date: May 29th, 2018 8:26 PM Author: Citrine charismatic church building Always have to stop and LOL whenever I see ‘special situations group’ (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36147965) |
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Date: May 29th, 2018 11:15 PM Author: Cowardly Coiffed Telephone Why (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36149348) |
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Date: May 30th, 2018 1:56 PM Author: Cerebral low-t hairy legs juggernaut holymoly O| banana points 38 Sorry to disappoint but I've heard it's almost impossible to get into GS SSG. Much tougher than any IBD group (including GS TMT). You have to realize that this is essentially a buy-side exit-opp for top IBD analysts and HBS grads, so assuming you're an undergrad, this is going to be an uphill climb. Unless your resume is really impressive (I mean really impressive - summa cum laude status), it's probably not even worth trying to network in. Ken Moeslis's son is an example of the kind of kid who manage to land a job there out of college. Good luck |
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Date: May 29th, 2018 7:59 PM Author: naked goyim 500k isn't much in NJ (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36147795) |
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Date: May 29th, 2018 8:26 PM Author: orchid gaping cumskin (poa (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36147963) |
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Date: May 29th, 2018 8:05 PM Author: hateful scourge upon the earth house In a back office function an MD can make under $300k. I'm an MD. My base is $275k. We dont all make a million a year. I wouldnt really want to trade places with the dudes who make more. Their lives are a lot more hellish than mine and my job is pretty fucking terrible as is. (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36147818) |
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Date: May 29th, 2018 8:08 PM Author: mentally impaired travel guidebook school cafeteria "Alpha children wear grey. They work much harder than we do, because they're so frightfully clever. I'm really awfuly glad I'm a Beta, because I don't work so hard. And then we are much better than the Gammas and Deltas. Gammas are stupid. They all wear green, and Delta children wear khaki. Oh no, I don't want to play with Delta children. And Epsilons are still worse. They're too stupid to be able …" (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36147832) |
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Date: May 29th, 2018 8:13 PM Author: hateful scourge upon the earth house Jordan Peterson has a more 180 take on this. He says all the dudes who take MD level positions are basically sociopaths. He's right. Even in the backoffice its political and god fucking awful. Half the job is reporting metrics up to the steering committee just to justify your existence and that of your directs. VPs and shit have no idea how much their MD does just to keep them employed. The number of people out to gut your budget and to take your work and move it to their team is nuts. You are constantly out there trying to steal other people's functions too. And you have audits basically 3 times a year in any operations, back office or middle office function. You are basically constantly under some kind of review. This is true at every bank. It makes everyone your enemy. (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36147855) |
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Date: May 29th, 2018 8:27 PM Author: mentally impaired travel guidebook school cafeteria (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36147975) |
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Date: May 29th, 2018 8:28 PM Author: arousing flushed parlour Why do this job if it sucks and no one respects you for it? Why not just become shitlaw king? (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36147981) |
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Date: May 29th, 2018 8:32 PM Author: hateful scourge upon the earth house Because the money is better than shitlaw. Who the fuck is making over 300k in shitlaw? (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36148016) |
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Date: May 29th, 2018 8:42 PM Author: arousing flushed parlour Probably 75% of shitlawyers. (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36148104) |
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Date: May 30th, 2018 11:44 PM Author: magical razzle cuckold patrolman Weird schtick. (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36156586) |
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Date: May 30th, 2018 7:39 AM Author: Beady-eyed feces organic girlfriend Russians have a natural affinity for a boot on their necks (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36150375) |
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Date: May 30th, 2018 9:20 AM Author: orange bipolar indian lodge (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36150606) |
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Date: May 30th, 2018 7:18 AM Author: Yellow clown mad-dog skullcap (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36150355) |
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Date: May 29th, 2018 8:24 PM Author: arousing flushed parlour All my finance bros talk about back-office people like they're subhumans that no one has even the slightest bit of respect for. (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36147944) |
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Date: May 29th, 2018 8:29 PM Author: hateful scourge upon the earth house And all of them would gladly take my job if offered. Front office is great in your 20s. After 30 and that first couple million LJL at still wanting to do that shit. (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36147992) |
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Date: May 29th, 2018 8:31 PM Author: arousing flushed parlour No. All my finance bros have either moved on from finance or moved into more chill fratty finance like PE. (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36148006) |
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Date: May 29th, 2018 8:34 PM Author: hateful scourge upon the earth house I work with a lot of PE guys. Our bank is liquidating its PE business. They are all getting fired at the end of this year and they know it. They received a huge amount of money to not quit and to stay through the roll up phase. You can pretty easily guess where I work now as only 1 mega bank is getting out of PE. (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36148041) |
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Date: May 29th, 2018 8:35 PM Author: arousing flushed parlour ... I mean NOT at big banks.
You have to be retarded to stay at a big bank. |
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Date: June 3rd, 2018 8:38 PM Author: Slate orchestra pit except most people in IB only make money by using their bank's balance sheet to give companies cheap loans in exchange for doing their next bond or equity offering or m&a deal. you have to be a ken moelis type personality/high IQ appearance to convince companies to hire you for your 'quality of advice' (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36178020) |
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Date: May 30th, 2018 11:49 AM Author: Pearly Vibrant Nowag Theater Pe is killing it everywhere else. who cares who u talk to. ur still a sad under paid cockroach.
not even a 1st year ibanking analyst would switch with u. |
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Date: May 30th, 2018 11:48 AM Author: Pearly Vibrant Nowag Theater AHAHAHAHAHA no
back office politics is even worse than front office culture.
at least front office you get satisfaction from doing what the bank exists to do.
back office? you're just a cockroach trying to eat other cockroaches because there's a mere $300k in costs to sustain you losers. |
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Date: May 30th, 2018 1:44 PM Author: Cowardly Coiffed Telephone I'd probably amputate several fingers instead of switching jobs with you. I doubt many on my floor feel differently (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36152340) |
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Date: May 30th, 2018 1:43 PM Author: Cowardly Coiffed Telephone Can confirm this is true. (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36152334) |
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Date: May 29th, 2018 8:43 PM Author: magenta razzle-dazzle main people center In a couple of years he will escape from this shit job and enjoy life. That beats killing yourself for another few years for a “flashy” house every time. I thought this obvious truth had become common wisdom on xo by now? (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36148117) |
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Date: May 29th, 2018 8:54 PM Author: Dead Mauve Stag Film Wagecucks 800k in that area can get you a pretty good house. Maybe he just doenst need more. (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36148201) |
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Date: May 29th, 2018 8:58 PM Author: Smoky Dashing Party Of The First Part Lmao, all that striving to live in New Jersey (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36148227) |
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Date: May 29th, 2018 9:33 PM Author: Spectacular Casino Crrrrrrr (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36148445) |
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Date: May 29th, 2018 10:57 PM Author: Fragrant bistre box office stain Maybe he doesn't want to be enslaved to a 30 year mortgage. (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36149248) |
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Date: May 30th, 2018 2:55 AM Author: ebony area dragon LOL @ the $25k a yr in property taxes he'll be paying. Fucking $250k spent on freaking PROPERTY TAXES over a 10 year period.
Awful investment, but if he likes it, I love it! |
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Date: May 30th, 2018 7:24 AM Author: up-to-no-good rose selfie filthpig If he can send his kids to the public schools that sounds reasonable. (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36150360) |
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Date: May 30th, 2018 7:40 AM Author: Fragrant bistre box office stain What is the alternative? Avoid NJ entirely? (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36150379) |
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Date: May 30th, 2018 11:16 PM Author: magical razzle cuckold patrolman People bitching about NJ property taxes ignore that NYC has city income tax which will cost a high earner more (and you STILL pay property taxes, just less) and LI and Westchester also have high property taxes. Not that it doesn't all suck. (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36156382) |
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Date: May 30th, 2018 7:43 AM Author: Pearly Vibrant Nowag Theater He's a MD in what?
MD in operations for example doesn't mean shit. |
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Date: May 30th, 2018 9:16 AM Author: Cyan heaven skinny woman He probably bought it cash (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36150599) |
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Date: June 1st, 2018 12:34 PM Author: magical razzle cuckold patrolman I wouldn't assume that. Not all MDs are filthy rich. (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36165320) |
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Date: May 30th, 2018 11:50 AM Author: Pearly Vibrant Nowag Theater is OP jjc? (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36151614) |
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Date: May 30th, 2018 1:00 PM Author: big costumed laser beams preventive strike yeah (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36152059) |
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Date: May 30th, 2018 12:58 PM Author: Turquoise exciting associate bawdyhouse a friend of mine is a v5 partner and he owns an 850k house in a nice town. (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36152043) |
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Date: May 30th, 2018 2:03 PM Author: ebony area dragon Does he really own it, or does the bank own it? (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36152471) |
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Date: May 30th, 2018 2:05 PM Author: Turquoise exciting associate bawdyhouse i'd say there's a good chance he owns it now if it makes fiscal sense (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36152483) |
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Date: May 30th, 2018 2:05 PM Author: Aquamarine House-broken Foreskin That's a bit ridiculous esp if in NYC metro (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36152480) |
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Date: May 30th, 2018 2:24 PM Author: Domesticated galvanic address I’ve seen a couple of 40-50ish partners who stayed in the first home they bought and stacked cash. Commutes are worse then if they lived closer, but they can work remotely. They have SAHWs tho. (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36152611) |
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Date: May 30th, 2018 2:26 PM Author: Turquoise exciting associate bawdyhouse why? he bought the house almost 10 years ago. (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36152624) |
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Date: May 30th, 2018 2:30 PM Author: Aquamarine House-broken Foreskin oh that's not so bad.
with a family and assuming a reasonable commute time that's gonna be a pretty small house though. i'm assuming he's gonna upgrade.
i have a friend who made v5 partner and he was in a $750k house but upgraded to ~$2-2.5M |
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Date: May 30th, 2018 3:06 PM Author: Turquoise exciting associate bawdyhouse he hasn't upgraded yet. not sure why he'd need to, it's a nice place.
upgrade money would be better spent on a summer house. |
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Date: May 30th, 2018 3:07 PM Author: Aquamarine House-broken Foreskin in this part of the country i'd rather just have a pool and then get a ski house for the winter (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36152996) |
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Date: May 30th, 2018 3:11 PM Author: Turquoise exciting associate bawdyhouse outside NYC most nice places will have town pools. backyard pools are trashy. (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36153021) |
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Date: May 30th, 2018 11:27 PM Author: magical razzle cuckold patrolman See below. Not really. I mean, you can spend any amount of money in the NYC-metro but let's not act like spending anything less than 7 figures is just insane. (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36156461) |
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Date: May 30th, 2018 11:24 PM Author: magical razzle cuckold patrolman LOL at the outrage that someone doesn't spend $1+ million on a house and "only" makes due with an $850k house. JFC. 2 seconds on zillow shows that it is perfectly fine for those neighborhoods.
https://www.zillow.com/homedetails/64-Kendal-Ave-Maplewood-NJ-07040/52633472_zpid/?fullpage=true
https://www.zillow.com/homedetails/5-Tower-Dr-Maplewood-NJ-07040/52632173_zpid/?fullpage=true
https://www.zillow.com/homedetails/280-Highland-Ave-Montclair-NJ-07043/38680816_zpid/?fullpage=true
https://www.zillow.com/homedetails/76-Club-Rd-Montclair-NJ-07043/38686922_zpid/?fullpage=true
This was a 2-second search and I didn't look for good deals or anything. And the guy in the OP probably bought when these houses were cheaper. |
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Date: May 30th, 2018 11:29 PM Author: Spectacular Casino LOL @ houses going for listing price in those towns.
the guy in the OP paid about $130k-$140k over ask |
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Date: May 30th, 2018 11:32 PM Author: magical razzle cuckold patrolman The $800k ones give you $50k to bid above asking and hit $850k. $150k over at $850k (so paying $850k for $700k list) sounds like he got into a stupid bidding war unless they really underpriced the house. I get that houses in the area tend to go over asking but $150k over asking isn't that common. And again, prices have skyrocketed in the last few years. So I expect he got something substantially similar to the houses I posted. Am I wrong? (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36156513) |
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Date: May 30th, 2018 11:46 PM Author: Spectacular Casino Yes, you are wrong.
the dude's house is about 25% smaller in floor area than the one in your first link, about half the lot area. bought about a year ago.
"sounds like he got into a stupid bidding war "
welcome to today's market in the towns everyone is moving to brooklyn from. my brother is a lender in hudson county. here's how the market works in jersey city these days: day 0: they put a house on the market in jersey city day 2-4: open house. the get about 5 competing offers unless the house has some toxic fatal flaw (e.g. gut-worthy, next to a sewage treatment plant/highway, 20 min walk from PATH, only 1 bathroom, etc). day 5: they tell everyone to "submit your best and final offer by tomorrow at noon" day 6: best and final offer comes in, substantially over asking.
my brother recently closed a loan for house in JC for $550k that was listed at $450k and appraised at $440k. another was listed at $575k and sold for $650k. appraised at $615k. two identical rowhouses in jersey city--one sold for $875k in March, the other sold for $935k in August after TWO DAYS on market.
sellers won't even accept your offer in these markets these days unless you waive the appraisal contingency because everyone expects the houses to appraise below bid. |
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Date: May 30th, 2018 11:56 PM Author: magical razzle cuckold patrolman Ok, so let's look at recently sold listings instead of for sale listings:
https://www.zillow.com/homedetails/60-Headley-Pl-Maplewood-NJ-07040/52633408_zpid/
https://www.zillow.com/homes/recently_sold/Maplewood-NJ/52632219_zpid/ (no idea what's up with this one, that's an absurdly good value)
https://www.zillow.com/homedetails/51-Beverly-Rd-Montclair-NJ-07043/38688870_zpid/?fullpage=true
https://www.zillow.com/homedetails/48-Ardsley-Rd-Montclair-NJ-07042/38688361_zpid/
The market is nuts but sounds like the guy didn't get a good deal. Jersey City is totally insane but the suburbs are seeing steadier growth rather than this explosion that is seeing shit in the Heights and Journal Square getting bid up. Hoboken and DTJC are totally nuts too, but that's expected. |
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Date: May 31st, 2018 12:16 AM Author: Spectacular Casino *shrug*
might have to do with distance from the train station or something?...or maybe he *is* an idiot, sort of validating the premise of the OP, which was questioning his life choices. |
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Date: May 31st, 2018 12:20 AM Author: magical razzle cuckold patrolman Maybe, though if I start zooming in on the train stations I get the same sort of analysis - a bunch of decent houses in that price range. The point I'm trying to make is that he didn't underspend or pick stupid areas, he probably just caught up in a stupid bidding war.
Or maybe he just loves that house for whatever reason in which case whatever, he is fine. |
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Date: May 30th, 2018 11:47 PM Author: exhilarant white really tough guy Dude I knew from college got shot in the throat by a sniper in Iraq and bled out in a Humvee. Funny the paths life can take you down (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36156611) |
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Date: May 30th, 2018 11:48 PM Author: Spectacular Casino was he ok? (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36156625) |
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Date: May 30th, 2018 11:57 PM Author: crusty den tbf sounds like he deserved it (http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36156670) |