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Depends where you live really. Live in an in-demand suburb of NYC and there’s a good chance you’re paying 20-40k a year in property taxes. Certain parts of nort
by nemo44x 6y ago
Depends where you live really. Live in an in-demand suburb of NYC and there’s a good chance you’re paying 20-40k a year in property taxes. Certain parts of north New Jersey and southern Connecticut contain really pricy real estate compared to national averages, for example. Maintenance will be far below that most years. But if you can afford a million dollar+ piece of real estate then a few k in maintenance per year isn’t an issue.
In certain areas the land is worth more than the structure on it. The east coast has a good bunch of that.