For those of us who grew up in the Jersey suburbs, don’t you look back at your childhood and wonder how your parents made it? How did they pay a mortgage, feed you and your siblings, give you everything you needed and some of what you wanted, possibly with simple jobs and maybe mom only working part-time?
It’s not that our parents and grandparents were financial geniuses. It’s that the suburbs of 70s and 80s New Jersey aren’t the same suburbs today.
The shocking report that puts it in perspective
If you’re 30 and still living under your parents’ roof because even rent is astronomically expensive, or if you’re a young couple that can’t get out of an apartment and into even a modest starter home, don’t feel like you’re a loser. Here’s what’s happened.
PropertyShark analyzed data from close to 400 suburban markets around New York City. Now we all think of insane property values in the Big Apple. But there, between 2016 and 2025, sale prices for NYC real estate went up 43%. Bad, right? But the median sales price of a home in the suburbs rose 86% in those nine years…