Realty Check
Tough talk on all things housing -- booms, busts, bargains and more -- from "Nightline" correspondent Vicki Mabrey
Vicki Mabrey is a correspondent for "Nightline" based in New York. She covers real estate as well as a range of national stories.
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Holed up in Hoboken
July 24, 2008 11:53 AM
Our editor Brian Derr almost didn't post -- said he lived in Hoboken, NJ -- as if that explained everything. But Hoboken is hotter now than it was when Ol' Blue Eyes was there. Brian and his wife are onto a good thing:
My wife and I bought our condo five years ago. We live right on downtown Washington Street, which is the main street in Hoboken. Basically, we're very happy with it. We have 1,100 square feet, 2 bedrooms, 1 bath, plus a den. We love our place, we love the neighborhood and hope to be there for a long time.
So, that said, the current situation in the real estate market doesn't affect me one bit. We got in at a great time and have a 30 - year fixed mortgage at a pretty good rate of 5.25%. Realistically speaking, we're in our dream home. Sure, it would be nice to own a nice brownstone in New York City, but that's not realistic for us. One thing I will say though, is that if we were purchasing our first home now, we'd never be able to afford the place we bought five years ago.
July 24, 2008 | Permalink | User Comments (4)
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The only downside is the PATH...sometimes delayed, or runs slowly at night...taxis going out through the Hudson tunnel charge a tunnel fee to get back into the city...Hoboken is cool, tho, in a slightly yuppie way...doesn't have sh*t on Brooklyn, tho...
Posted by: Jazz | Jul 24, 2008 12:10:09 PM
Born and raised in NJ. Hoboken area is a very scummy place. It smells and it's dirty. Although there are worse area nearby.
Posted by: GetaLife | Jul 24, 2008 12:17:31 PM
Is this guy for real? What a pompous post. "I'm great, my life is great, who cares about all those folks losing their homes..."
Downtown Washington Street is a lousy place to live, Noisy, party scene with screaming until 4 am and sirens all night.
As a Hoboken resident it would be nice if he did live in NYC in Brownstone, who needs this elitist?
We have Natalie Morales from The Ratings topper Today Show anyway.
Posted by: Brad | Jul 24, 2008 6:58:06 PM
Brad, please quit whining...why are you angry that people are happy and optimistic? To tell you the truth, I'm doing great, I'm happy, everythings cool...go ahead and b*tch about me now...
Posted by: Jazz | Jul 25, 2008 12:02:01 PM
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