when my family last summer was goin to hershey park we were on this one road and saw this new devlopment being built and we saw this one house that was bigger than our jersey house (the one i live in) that is now worth 750,000 by like 1 room. this house was going for 250,000! it was insane. in 98 when my dad bought the house it was 310,000 i mean goddamn! why are the houses out there so low?
2007-11-17 13:42:49 · 8 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
house prices are governed by economy in a particular area.
Yes you can buy a house there at 1/3rd the price- but the jobs in the area pay 1/3rd the salary. PA is not the only place that this holds true- go about the same distance into upstate NY- you will find barely any houses as high as 250k.
Houses are only worth what people can pay for them- and in certain area of PA and NY along with IN,MI,and OH - there are NO good jobs- most people travel a hour to make $10 bucks a hour and think thats alot,
So how much do you think those people could afford.
If economy allowed them to make more money- they could afford to pay more for a home- and more people would live there - and they would pay even more to live there.
Then it would be just like the area of NJ where you live.
2007-11-17 16:09:31 · answer #1 · answered by mary h 4 · 1⤊ 0⤋
Because you live in Jersey which is over crowded, but situated between Philly & NY. It had excellent schools, good paying jobs, the ocean and some decent skiing within an hours drive. Pennsylvania has coal, coal, coal and Yuegling Beer. I myself would prefer to live in Pennsylvania, because even though Jersey has tremendous wealth it has some awful cities (Trenton, Camden & Newark) and really really rude transplanted Long Islanders in Ocean county.
2007-11-17 13:53:39 · answer #2 · answered by Anonymous · 3⤊ 0⤋
Same house that is 299K in PA, is 720K in Maryland. Its all about location. If you live in a wealthy state suck as New Jersey, or Maryland, then you pay for location. Good schools, plentiful jobs etc.
2016-01-26 15:27:25 · answer #3 · answered by david h 1 · 0⤊ 0⤋
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2014-09-19 19:41:21 · answer #4 · answered by Anonymous · 0⤊ 0⤋
My friend, since you sound young - I'm going to give you a free lesson - not all homes in PA are cheap and not all homes in NJ are expensive. Next time your in PA, have your dad drive you through The Main Line of Villanova, Haverford, Bryn Mawr, & Wayne and see how your dad's home stacks up.
2007-11-17 13:58:03 · answer #5 · answered by Anonymous · 2⤊ 3⤋
Quality of life, Jobs. Two of the biggest factors.
2007-11-17 13:51:28 · answer #6 · answered by pumpdatiron 6 · 2⤊ 0⤋
It's not the houses in Pennsylvania are low it's just the houses in Jersey are high! Holy crap I can't believe my eyes!
2007-11-17 15:41:20 · answer #7 · answered by Laughing all the way 5 · 1⤊ 2⤋
Nobody wants to live there.
2007-11-17 13:53:05 · answer #8 · answered by shipwreck 7 · 1⤊ 5⤋