It depends in how you want to live. If you want to live in a big house in a wealthy neighborhood and drive the nicest cars, eat the best foods, and have a lifestyle where you can enjoy luxuries, you may even need more than that.
If you want to have the typical NJ middle class lifestyle where you own a nice (yet modest) home in a good neighborhood and still enjoy simple pleasures, you can get away with much less than that.
If you want a satellite view or above ground view of any address, you can go to 2 map programs that I feel are the best to use. The New Jersey MLS uses http://www.maps.bing.com where you'll find the very useful "bird's eye view" option which isn't as high above as a satellite view. Google has it's excellent map program - http://maps.google.com - where you can get a great street view as well as a regular satellite view.
I would suggest you try both to see which view you like the best. If you have any other questions or need any other help, just email me at firstname.lastname@example.org... more
Actually the absorption rates aren't working because the market is changing too quickly. Right now if a home is marketed correctly, it will get an offer within a few weeks and be firmly under contract in 1 month. That is IF it is marketed correctly. I just closed on a listing in Bergenfield that had a drainage easement that was in the form of a brook. I emphasized the picturesque, country feeling of having a brook on a property so it became a positive instead of a negative, got an offer we accepted in just over 2 weeks and it was firmly under contract in 29 days. Bergenfield is a great town with a good school district and it sells well.... more