Real Estate nightmares
Discussion
This house does not seem terrible on the surface.
$3,849,000 in Livingston NJ
So why is it a nightmare and why has it not sold? Well, they managed to reduce their tax bill to $88k/yr
Year Property Taxes
2020 $87,929
2019 $103,240
They must be so happy to be under $100k/yr. This is high for a high area and means the tax payment will almost certainly be more than their mortgage. In other states, you would be paying a couple of thousand.
$3,849,000 in Livingston NJ
So why is it a nightmare and why has it not sold? Well, they managed to reduce their tax bill to $88k/yr
Year Property Taxes
2020 $87,929
2019 $103,240
They must be so happy to be under $100k/yr. This is high for a high area and means the tax payment will almost certainly be more than their mortgage. In other states, you would be paying a couple of thousand.
h0b0 said:
SpeckledJim said:
$400 a day. For, umm, streetlights and the binmen.
You would think so, but in my town we have to pay extra for the bins. We have to buy specific bags which are about $2 each.He has no mortgage though so not the end of the world.
FourWheelDrift said:
How not to squeeze a large house into a very small plot.
http://www.rightmove.co.uk/new-homes-for-sale/prop...
Garden surrounded by high brick walls
Lovely view out the window of, a brick wall.
Looks like a house giving birth to a garage. http://www.rightmove.co.uk/new-homes-for-sale/prop...
Garden surrounded by high brick walls
Lovely view out the window of, a brick wall.
LetsTryAgain said:
My mate in Texas (San Antonio) paid around $2k PA property taxes on a $200k dollar home.
He has no mortgage though so not the end of the world.
That's not too far off my council tax and my property value tbh. I do wonder what that covers though as the mix between what local, state and federal taxes cover there is going to be pretty different to how things are split between council and income tax.He has no mortgage though so not the end of the world.
But then I think the highest council tax I could have is about double that as I am band D.
skwdenyer said:
Yes, extensivelySuper_G said:
FourWheelDrift said:
How not to squeeze a large house into a very small plot.
http://www.rightmove.co.uk/new-homes-for-sale/prop...
Garden surrounded by high brick walls
Lovely view out the window of, a brick wall.
Looks like a house giving birth to a garage. http://www.rightmove.co.uk/new-homes-for-sale/prop...
Garden surrounded by high brick walls
Lovely view out the window of, a brick wall.
World: gone mad.
Rostfritt said:
skwdenyer said:
Yes, extensivelyskwdenyer said:
Rostfritt said:
skwdenyer said:
Yes, extensivelyDaveCWK said:
dudleybloke said:
Macron said:
There's more than one tacky McMansion on that road.
Sorry to quote this one again but I used to drive past there all the time & had no idea those houses were there!! Totally random.
The Mirror along with the Mail also seem to read this thread.
https://www.mirror.co.uk/news/weird-news/garish-ni...
https://www.mirror.co.uk/news/weird-news/garish-ni...
FourWheelDrift said:
matrignano said:
Did anyone take a screenshot of "the team"?
Website is down and I'm dying to see their faces/ankles
Cached page - https://webcache.googleusercontent.com/search?q=ca...Website is down and I'm dying to see their faces/ankles
The guy who can tell the time and talk on the phone will go far.
Luxury Living, HAS TO BE SEEN TO BE BELIEVED !!!
- Fully Furnished to a High Standard Throughout
- Has to be seen to be believed - well worth the extra £££'s
- Stunning Mezzanine Style Entrance Hall - You'll think you're in Dallas !!
CloudStuff said:
Luxury Living, HAS TO BE SEEN TO BE BELIEVED !!!
Didn't use the word 'massive' enough.- Fully Furnished to a High Standard Throughout
- Has to be seen to be believed - well worth the extra £££'s
- Stunning Mezzanine Style Entrance Hall - You'll think you're in Dallas !!
the tribester said:
CloudStuff said:
Luxury Living, HAS TO BE SEEN TO BE BELIEVED !!!
Didn't use the word 'massive' enough.- Fully Furnished to a High Standard Throughout
- Has to be seen to be believed - well worth the extra £££'s
- Stunning Mezzanine Style Entrance Hall - You'll think you're in Dallas !!
t. No student fees...because that would be illegal...
Great for summer parties.....because the neighbours haven't yet complained to the council...
Picture 9 looks to be a bed, in a kitchen. Maybe they just bought too many kitchen units and used them in a bedroom
And finally....no floor plan? And no room dimensions...What the actual f
k? If you want £60k a year, then I think the extra effort of doing a floor plan can be justified...
I can't imagine the hassle of organising to get 10 guarantor agreements. There will be one tenancy agreement, And each of the 10 students and thier parents will be jointly and severably liable for the whole rent. What a f
king nightmare...Is it worth it for the yeild ? What's the house worth ? In can't tell, but £1m would seem too high and that would give a 6% yeild which it not great for the student market..
10 - 12 % is doable in most student towns. 15% if you are lucky. But 6% is MEH.
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