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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This is not "affordable" 
People are losing their jobs.

Even with jobs no this is not "affordable"[/quote]

I don’t disagree but also who is losing jobs? Feds? Feds weren’t buying at this price anyways unless they’re sitting on a ton of existing appreciation or have family $ or high earning spouse[/quote]

I agree that plenty of people can afford this. Just not sure I understand the logic of spending this amount for an older home. New homes in North Arlington start around $2.1 million and you have more standard design choices (e.g., no funky kitchen cabinets) plus a finished basement. Of course $300K more is significant, and I'm not downplaying that, but for high earners, it's maybe an extra year or two of savings from salary. I'll admit that this house does have a nice backyard, but we barely use ours because of the crazy mosquitos in this area.[/quote]
New builds in this neighborhood aren't $2.1m anymore.  They're more like upper 2s or low 3s.  So you'd need another $1-1.5m for a new build, and that house likely wouldn't have any backyard at all.

https://redf.in/dY5sbc
https://redf.in/yU8G5e  
https://redf.in/Iut34r
https://redf.in/Iut34r

To get a new build for $2.1m you're either looking at a super busy street, lot that floods, or less preferable schools.  It's fine if you're okay with those, but we didn't want to be on a busy street or flood, and schools are a priority.

In this neighborhood there aren't a ton of options between the tiny original builds and gigantic new builds, so a house with a tasteful addition is a good in between option.  (And there are a lot with super weird additions that have have weird layouts.  This one is well above average and maximizes use of the lot shape.)[/quote]

You need to look at recently sold listings because new builds definitely exist for $2.1 million and have none of the issues you mention, except that they are in school pyramids that are even better. But totally fine to buy this one if people can't wait and don't want to do their homework.[/quote]

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