I would not want to say you are out dated, but I am wondering did you get a chance to visit Centerplace at Edison http://centerplaceatedison.blogspot.com/
? Did you get a chance to stand in the long line outside Sales Office, and see so many buyers brougtht their families crowd in the huge living room and dinning room so excitedly discuss their future dream and not want to leave?
I eyewitness this Indian family with grandparents, couple, kids all sit at this model unit's luxury dinning room's 10 people dinning table, so excitedly sharing their feeling of success and American dream. How many $500,000 homes in North Edison have that luxury with 10 ft ceiling?
Don't get me wrong, North Edison still very good, and it is like 50 year old movie stars who used to have their shining era, and Centerplace at Edison is like a young emerging movie star. Other than its new design, material and style, it has the best Middlesex County College that I suggest you visit the Open House going to come http://www.middlesexcc.edu/
to see for yourself.
MCC is going to attract many top high school students to attend due to the fact American parents no longer going to be able to throw $50,000 a year for their kids going to college, and County Colleges would be a huge saving, $100,000 (for first two year of college education), besides, NJ State offer NJ Star I scholarship for high school kids with top 20% performance in their school.
You will see around Middlesex County College going to be a brand new popular area. Just looking at Mill Pointe at Edison on the other side of MCC http://millpointe.blogspot.com/
just sold another 6 units just for past week or two. You see market trend. This, in fact, also proven by what you see about the traffic. But, you may not know new highways is planned, and shuttle arranged, and Fwy 287 is widden all because of the booming of the Greater Edison/Piscataway area that is top 3 safest area in New Jersey.
As gas price continue going up, you may see many people like you working in the area, rather buy a nice Centerplace townhome than commute from far away. If many of your colleagues move to Centerplace and easy to commute, you may find yourself less competitive because you will waste 10 hours on the commute each week in addition to gas cost.
Not long ago, I was invited to an India gathering with dozens of Indian families love Indian songs near Centerplace. The leader told me that "Edison is my home, and I will never move out of Edison". Meeting so many families all at once, I felt Centerplace Development has a vision to provide what the market needs. After all, first time buyers often buy something under $500,000, but they also young with great potential, years later when they are ready, I can bet you that many million dollar houses will be built around Centerplace area, like what happened dozen years ago in North Edison.
Centerplace is townhouse community, but the "townhouse" is very different from the old style townhouses in North Edison or other place. Believe or not, with proper decoration, it has the taste of million dollar home.
Do you know Edison just approved to build a huge Safety Center near Centerplace area? When finished, you shall see this area be the safest place in Greater Edison area.
By the way, where do you think still available in North Edison? If you call your realtor, you may be surprised that almost all townhouses are SOLD in North Edison. According to NJ Goverment website, there were around 1,000 homes sold just in 2007. All over the Edison you see renovation of old houses. e.g. I just passed Brotherhood St today, and I saw one million dollar home renovated from $500k house, and another land's trees were just cut down and foundation laid.
So, to certain extend, there is absolutely NO luxury new townhouses like Centerplace in North Edison for just $500,000. If you find one, please feel free to post here, so that some buyers agree with you may buy.