Reader says Less expensive homes resell more often

file photo by Boyd Loving

Look at which houses in Ridgewood have the highest turnover rates. Less expensive homes resell more often. People still move to Ridgewood, often from NYC, for the schools and leave when their kids graduate. Yes. Taxes are high, but they are far lower than the cost of private school tuition plus taxes in a town with lower rated schools. A year of property tax payments on an average Ridgewood home (Roughly $16,000) is roughly one third the cost of tuition at a New York City private school (over $50,000). That is the choice many parents have made. For a family with multiple children, the savings are even more substantial