Anonymous wrote:
That is the tax rate for many areas of NJ - and those with the money to buy it don't complain.
I can cite examples in Monmouth County, Rumson for instance, where homes easily run to 5MM and beyond. Imagine the taxes (incidentally, Monmouth county also has property taxes similar to Hoboken's).

I can't even begin to describe how flawed this logic is.. suburban homes in NJ with taxes in the $15-20K range come with at least half an acre of property, much more living space, and a lot more bang for the buck in tax dollars (good schools, better infrastructure, etc)... not even a fair comparison.. your $16K is for ~1500 sqft on the very same plot of land as 200+ other units paying the same or higher taxes. So in reality its $3.2M in tax dollars for a suburban size piece of property... (like your $5M houses in Rumson for example)

Anonymous wrote:
original post: "If you can comfortably afford to spend 1.5 mio +++ what do you buy...the historic old brownstone that has loads of charm but will cost a fortune to maintainand upkeep or the new Maxwell condo with little charm, an amazing view, and tons of ammenities?"

To each their own -- what's the point of your question, really? Why do you care what the people on Kannekt think? Do other people's opinions change yours? Or is the original poster just looking for people to agree with him/her? Or are you a RE agent or Maxwell seller?

Me, if/when I can afford it, I'm a brownstone guy. I am thrilled that people puff up their boring, cookie cutter, white cubes of prefab, sheetrock Maxwell House fabulousness. That means there's less competition for me when I go buy my brownstone. To each their own taste -- but you know, there are a lot of people out there who think your posts sound like desperation.
Quote:

Original poster back -

I am actually a brownstone owner that is amazed at the fascination that MP has created - and the paper profit.

I respect the conveniences that MP offers and I cannot believe the prices people are willing to pay for the units sight unseen. I think that we have alle seen Toll Brother results in other developments - they are abominable.

As you say - "To each his own".

What I have learned from this post:
The extraordinary amount of additional costs that these MP buyers are going to forkout. Using a simple mortgage calculator, it appears as if they ( or the people willing to buy from them at $1,000 sqr ft ) are going to have monthly costs of over 10k. If MP owners are willing to pay this and increase the tax base of Hoboken by however many millions - more power to them and thank you very much.