barnegat?

[qwikz28]

anyone familiar with that area? my family is looking to buy real estate there and i'm curious to know if anyone has any input.

[sinistr]

barnaghetto .. rednecks and pineys . i live raight next to it, not my glass of beer :shrug:

[bubba428]

yup....pineys everywhere

[MonmouthCtyAntz]

Id agree w/ the redneck part...my ex wife lived off that pkwy exit..but the chatsworth side

[SteveR]

I used to rent boats from the marina there. Not sure about the rest of the town but its really nice by the bay. I was looking at houses there about two years ago. Prices are really reasonable, and theres a lot of old Victorians there, but some areas around there are lower income and multi-family houses so that brings down property value, plus theres a higher than normal (for the Jersey shore) rate of petty theft. It didnt seem too bad, but it was the highest from Bradley Beach to there. I think with some time and good families moving there, it is one place where the value and neighborhood can really turn around, unlike the hopes for Asbury Park.

[NJSPEEDER]

it is one of those areas that is a little bit redneck and the land values are stil reasonable. if you are looking for someplae to live, there are definately more fun areas. if you are looking for investment property with stable value and a strong potential for large value increases in the next 5 - 10 years, anything near the water won't be a bad call.

[sinistr]

the people there make you feel smart ... now squeal like a pig

[qwikz28]

most beach areas have ghetto areas near by, thats not too bad i guess.

ps- whats a piney?

[Teds89IROC]

My family has a house in West Creek which isn't far from Barnegat. Really nice by the bay. and piney's are the rednecks that live in the pine barrens :lol:

[NJSPEEDER]

basically the same thing as a southern redneck, just from the jersey pine barrens instead of alabama

[Savage_Messiah]

ps- whats a piney?

us.

[qwikz28]

us.

gotcha... so consensus is that its a decent place, up and coming, nice area on waterfront, but outskirts, and well priced for a shore place... sounds good to me. thanks guys

[Anti_Rice_Guy]

Like all the small shore towns in that area....There are really nice, fairly expensive/richstyle properties by the bay and other areas, as well as piney days. (We have a shorehouse in Forked River)

[bandit88]

what area in barnegat you looking at? i live about 20 minutes from there.

[Stroked355Z28]

Like SteveR said, me, my dad, uncle, and cousins used to all rent boats out of Barnegat, can't beat the Barnegat Bay. The houses are definitely cheap over there, maybe a little pricey if the house is on the water. But there are much nicer areas like Brick and Toms River, which last week on the news were said to be the No. 1 and No. 5 safest areas in our ENTIRE country, thats where I would go, or one other area that I'm in love w/ is Laurence Harbor, Exit 120 on the Parkway, not to far from the city, but not to far from the ocean, its right in the middle in a perfect spot and is really beautiful. Hope this all helped. Later, Jeff.

[sinistr]

Like SteveR said, me, my dad, uncle, and cousins used to all rent boats out of Barnegat, can't beat the Barnegat Bay. The houses are definitely cheap over there, maybe a little pricey if the house is on the water. But there are much nicer areas like Brick and Toms River, which last week on the news were said to be the No. 1 and No. 5 safest areas in our ENTIRE country, thats where I would go, or one other area that I'm in love w/ is Laurence Harbor, Exit 120 on the Parkway, not to far from the city, but not to far from the ocean, its right in the middle in a perfect spot and is really beautiful. Hope this all helped. Later, Jeff.

there only safe cause of the gastapo ..the heat ,fuzz one time jake rollers jerk off's with jeeps patroleing wawa ... etc etc etc

[Savage_Messiah]

They mortgaging or buying outright?

[qwikz28]

They mortgaging or buying outright?

probably buying outright, does that change anything?

[Savage_Messiah]

no... just if they mortgage and you wanna make sure they don't get caught with a crappy one (ARM, negative amortization etc) give me a call :)

[qwikz28]

no... just if they mortgage and you wanna make sure they don't get caught with a crappy one (ARM, negative amortization etc) give me a call :)

things are different in teh egyptian community. its looked poorly upon to not give the business to a fellow egyptian. BUT, those same egyptians usually take advantage of the other egyptian because they know they have a monopoly on your business. so needless to say, my dad's friend is a mortgage broker, and we use him for our mortgages. and as always, he gets us the worst rates and charges an arm and a leg for it, but my dad just concludes that its fine because we are helping a friend. but that probably won't be a problem for this house because its purpose is to use as a sound investment for cash to be able to liquidate once retirement comes around for pops. but once it comes time to refinance the house, we're gonna get ripped off as usual.

so in conclusion, thank you for the offer, but no thanks. :) but i will spread the word

edit: how can a house amortize negatively?

[firehawk1120]

you take out a loan at a lower rate then the prime. Say prime is 7 and your rate is only 2.5 the different amount of interest you would be paying is then considered DEFERRED. The deferred interest then accumulates on top of the mortgage amount so instead of paying down the principal and interest you are only paying part of the total. So if you have a $300,000 mortgage after a year of paying your lower payment you may actually owe $310,000 or more. Therefore your house is amortizing Negatively.

I'm a realtor not a financial guy and that is my basic understanding of it. If the parents need an egyptian realtor in the Barnegat area let me know and I can get in touch with one of my companies local offices down there so they are not breaking tradition

[Icemansghost]

It is piney as hell off of I9 in bernegate...... Not to mention the chemical plant near by.:idea:

Maybe they will find needles on the beach from NYC there :rofl::rofl::rofl: