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We are Number 1 NJ ranks No. 1 in people leaving state

for sale Ridgewood_Real_Estate_theRodgewopodblog

June 8,2015
the staff of the Ridgewood blog

Ridgewood NJ, Sixty-five percent of moves in New Jersey are moving moving out of the state. Yes New Jersey is number one, but it’s nothing to proud of.

According to the 2014 Annual National Movers Study, New Jersey has the most number of people leaving the state.Last year, 65 percent of moves in New Jersey were people leaving the state.

In a News 12 New Jersey poll earlier this year  ; when asked residents who thought they would be leaving why the bulk of the respondents said the reason for the move is property taxes .

 

6 thoughts on “We are Number 1 NJ ranks No. 1 in people leaving state

  1. Retirees cannot afford the property taxes that are necessary to support the generous salaries benefits and pensions of the local county and state union employees.

  2. Unless you are a dyed-in-the-wool Jerseyite, there are two main reasons why people live here. By far the biggest is the working access to NYC, and the second is a fairly good suburban environment to raise a family (e.g. schools). Once you reach a point in your life where these two factors are no longer a major part of your life, you are left with the economic reality of NJ simply being a really stupid choice of where you live.

  3. The wife and I were discussing the relative merits of buying a beach house, or plowing the money into improvements for our home in Ridgewood. My explanation was simple: the Ridgewood house is a utility, a means, if you will. It gives us access to our jobs. It gives our kids access to good schools and a downtown where they can roam with their friends without getting into (too much) trouble.

    Taking all that into consideration, a beach house is the ends to the means. I would rather spend my summer weekends on LBI or out on Manahawkin Bay. When the nest is empty, you can bet your 401k there will be a for sale sign on my lawn in Ridgewood. It’s a beautiful “village”, but even if the taxes were zero, there are other places I’d rather be.

  4. Jersey Strong baby !

  5. “Retirees cannot afford the property taxes that are necessary to support the generous salaries benefits and pensions of the local county and state union employees.” We can’t afford you kids.

  6. Retirees usually do not have kids in the schools. That is why they leave.

    I have a great family home. I have no more kids in the schools. Without a tax break I will probably sell to a big family. It is a 5 bedroom house.

    I have lived here for about 30 years, paying taxes before I had children. I am done.

    2012/2013 year it cost $17,982 to educate a student. If the next person to buy my home has two or more children it will be a net expense for the village. Give me a $10,000 tax break and I will promise not to have any children in the schools. The village comes out ahead.

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