We stay in ocnj 2 weeks a year and have been renting down there forever. It’s a great beach and depending on where you stay it’s not crowded at all even 4th of July when we are down there. There has been a trend where maybe people aren’t there all year but they also aren’t renting. There are definitely fewer rentals available than there used to be. Anyway it is a ripoff and maybe the kids won’t keep going after we’re gone but hopefully that’s 15-20 years from now.
OT: Cost of shore rentals - will people continue to pay?
- Thread starter RUskoolie
- Start date
What did you pay out of curiosity and what’s your logic why it’s worth it? Not attacking just curious
The counter argument to that, is that because at that age it's real to them. Girls seeing the princesses, they really think they're talking to Snow White or Elsa. Plus the parents will remember the experience.
And this is where I thank God for making me a boy Dad lol
It’s such a rip off. I go to Ormond Beach, FL for my beach fix. Get an efficiency overlooking the beach at the Makai Beach Lodge. My kind of place. No northeast snobs. I’m literally a good football toss from the water. Under $100 a night. Just avoid race weekends or biker week cause the price goes way up.
9k per week for a 5 bedroom on the ocean That sleeps 10. Have a big family so the multiplier kills flying. I also can’t do hotel rooms, so villas are the same price per night. Add on car rental and airport hassle. Easy decision.
Very similar logic to ours, except we splurge just on a smaller beachfront place, usually, for our small family (and have a few friends visit for a day or two). We love the shore, but don't want to have two properties to maintain in retirement (inherently lazy, lol), so we'll likely stay in Metuchen and continue to rent in OCNJ and do some traveling, while we can.
I know the "smart" thing would be to sell the house now for a ridiculous amount of money in this market, buy something smaller with much lower taxes for cash (our house is paid for) and pocketing some $$ (or rent), but $$ isn't everything - quality of life is much more important.
What kind of rentals do you go to and what kind of landlords. We provide clean linens, towels, bath soap, hand soap, shampoo, etc.
We still have 2 weeks in August, which is rare for us. We dropped our rates and will drop them again to get those weeks rented.
Wow, surprised to hear that you still have availability this late in the summer. The guy I rent from has it good. He has a base of repeat renters and is fully booked by December. The only reason we found the place was due to a last minute cancellation. He used a broker and we jumped on it. After that one year, we just go direct.
The high prices did turn us away in 2021. Maybe things were inflated due to COVID but we looked at a house in Ocean Grove and it was $8k for the week, four bedrooms I think, we would have thought about $5k.. We then looked into AC to go to the Oceans Hotel but they were limiting how many people could swim in the pool a time. We eventually went to OC Maryland which was a first for us. They were limited with masking, I think only in hallways and elevators, and we got a three bedrooms oceanfrount condo for about $300 a night. The whole trip with travel, food and entertainment probably cost less than $8k.
Regarding Cayman Islands, I was dreaming of some property there awhile ago and it seemed when you buy there is a stamp tax on the property, maybe 5 - 10%. After that no income tax, property tax or sales tax. I think they get all their money from the banks and businesses, so you can live cheap after the buy-in.
Regarding Cayman Islands, I was dreaming of some property there awhile ago and it seemed when you buy there is a stamp tax on the property, maybe 5 - 10%. After that no income tax, property tax or sales tax. I think they get all their money from the banks and businesses, so you can live cheap after the buy-in.
Never did Jersey shore. However we're going to Wildwood Crest for 4 nights at a small resort this summer.
We usually go to Aruba to an All Inclusive and it costs less than 5K total for a week. Been there 13 times already and don't ever plan on going anywhere else in the future. We go from lounge chairs to the beach to the pool and back again to the lounge chairs. Great abundant food, drinks and entertainment on site and never leave the resort until it's time to fly back home.
WW Crest this year because of the cost of major house renovations and my wife recovering from cardiac surgery the last 2 years.
Here's the place we go.
We usually go to Aruba to an All Inclusive and it costs less than 5K total for a week. Been there 13 times already and don't ever plan on going anywhere else in the future. We go from lounge chairs to the beach to the pool and back again to the lounge chairs. Great abundant food, drinks and entertainment on site and never leave the resort until it's time to fly back home.
WW Crest this year because of the cost of major house renovations and my wife recovering from cardiac surgery the last 2 years.
Here's the place we go.
We don't get too worried about it We have mostly repeat renters going on 20 years. We are 5 houses from the ocean at the last beach before Spring Lake. In our opinion, it's the best beach in Belmar. Mostly families, mostly locals. Walking distance to lots of food options. We cater to families with small children. We provide beach badges, a eagon, and a locker with beach chairs, toys, etc. we are a short drive to Pt Beach boardwalk. On rainy days there are lots of activities close by. I forget what we are getting weekly, but it is around $5K for a week.
Never rented at the Jersey Shore but always wanted to. Do the rents drop a lot in September? That’s my favorite time to visit the shore.
Scarlet Jerry
Scarlet Jerry
My in laws had been renting in OCNJ for a decade and that's standard operating procedure down there.
I’ve owned at Marco Island for over 40 years. We rented out our place for 20 or so years, and we routinely had NJ teachers renting in the months July and August. If you like beach, pool, boating, wave runners, parasailing, fishing, golf, tennis, and uncrowded casual bars and restaurants where you don’t need reservations (it’s their quiet season), you will be happy. There are often rain showers at cocktail hour, but you don’t lose full days to rain. It’s hot but everything is air conditioned these days. Amazing seafood. Try eateries at Isles of Capri as well as eateries and bars at the commercial fishing area of Marco Island — Goodland. Of course downtown Naples FL is about 20 minutes away by car. There’s enough going on at Marco Island that you won’t leave the island but for cultural stuff (fine dining, museums, dance, art, concert music, theater).
Haha thats nuts to me. Good for you man. I liked Belmar in my 20s...then one Saturday we couldn't find parking and kept driving and driving and all the sudden found gorgeous houses, green grass, clean and empty beaches. Found Spring Lake and never visited another NJ beach since. The GOAT IMO. Too bad a nice house is like 7M. Can't imagine what those rent out for but not worth it.
I’m not that old 😀. I just decided to show off my wealth by having a lot of kids😀. You did mentioned the most important factor. The boss wanted to do the shore house. Done
Goodland on Sundays. It's like D'Jais in the 1980s out there, in a good way. Great, cheap seafood, live bands, a great time.
That’s why I love Florida
Beautiful, laid back, great seafood, top notch beaches, etc
SW FL in particular is a gem
That’s Stan’s at Goodland. Sunday Funday does not happen year-round.
Spring Lake sucks in a lot of ways IMO. Can't bring food on the beach, which blows when you have little kids. Parking not great, but better than Belmar Parking. Nothing decent to eat close to the beach (the snack stands in the Pavillions suck).
Sea Girt beach is better than Spring Lake. Avon is good too.
You did not explore Belmar enough, IMO. Get away from 16th-19th, and parking is better. Those beaches are full of Jersey Shore casting calls too. The beaches on the the lower Aves and 20th Ave are mostly families. Our rental has 4 off street parking spaces, and two spaces in front. If there are multiple cars, they just shuffle the cars and keep the spots in the street.
That house is the best investment we have ever made. It's paid off, has quadrupled in value, and that rental and another one further from the beach have us set to live off rents if we want to do that.
@e5fdny - I'm sure you will not agree. But I still go there to meet friends, when they let lowlifes like me without a badge wander on to their sand, like a lost humpback whale washed ashore.
That's good to know. Interesting area out there. IIRC, we ate tat the Crabby Lady, and the party was between Old Marco Lodge Crab House and Paradise Found--they both had bands. This was in February.
Rode a beach cruiser out there from the Tigertail Beach area. We will be going to Marco where friends have a great home some time this winter, and I will try to remember to hit you up.
I like it in the winter. Not even the FL residence like FL in the summer
Every single time I go, I get down to Spring Lake on a Saturday around 10-12 and park within a block of the beach. If I did that in Belmar I'd have to go 10-12 blocks from the beach. You sneak food on and don't be an asshole about it. Plus you're not around trashy people. I am glad your investment paid off but it's a night and day difference when you're talking class of people, the neighborhoods, the boardwalk and the beach.
People are people, and calling people who are not millionaires trashy is a low-class move, IMO. But whatever makes you feel better about yourself. Try dialing down your privilege.
I know the shore beaches From Avon down to Manasquan quite well, as I have lived here most of my life. I told you that the areas around D'Jais 16th to 19th Aves are the ones you want to avoid if you want a family beach. I gave my reasons why Spring Lake is not the right beach for a lot of people. Our rental is advertised as a SPring Lake border beach, and comments we have received from Wall Street investment banker types include the Spring Lake beach "the no fun beach" and who were delighted with the 20th Ave beach." Never heard one negative thing about 20th Ave, nor the beaches from 2nd Ave to 12th. You are entitled to your misinformed opinion based on a limited sample size.
Last edited:
Food is banned because people are pigs
This and the previous comments are on the money, pun intended. I grew up in Belmar in the 90s and this is not like that anymore. Been going to 20th st beach since covid weekly and that is a hidden gem. Very different than the other streets.
Perhaps we should keep it on the down low to keep it that way.
It’s definitely hot from May - Sept,
I’d love to have a place up north (Carolinas or New England) during that time
2 main problems though
1. Wife is intent on SW FL, I need sports though so other place would have to be in the panhandle
2. $$$ - I’d be curious to hear others opinions about the pros / cons of owing 2 places - don’t know how I’d feel about letting a second home sit idle for 6 months while paying bills on it
Not to keen on renting it out either, although that would certainly help w the mortgage & taxes
Alot has changed the past couple years. I'm of the opinion that the pandemic temporarily held up a situation that was already changing as far back as the aftermath of Sandy. Many had to decide whether to fix, lift, rebuild, or give up their 2nd homes. In my little corner of the world I have at least 4 neighbors who sold their year round home and moved here permantly after rebuilding.As you point out, 3 of the 4 were older folks who decided to spend their retirement years here.
A
anon_0k9zlfz6lz9oy
Guest
There could be even more rental demand due to it being absolutely out of reach to purchase imo. You cant buy a 3 bedroom shore house in a decent town for less than $1,000,000. In bay head/mantoloking thats more like $1.5-$2mill. I rented 8 weeks in Bay Head this summer in a small 2 bedroom condo and got a steal for $15,000 total. Beats what the annual mortgage and upkeep would be on that.
Regular people will go elsewhere that they can afford.
Rich people who can afford it will simply take over.
The beach towns will rehab their towns to make sure the rich people will stay or take over while keeping poor folks out, which most here will agree with.
We never bothered renting a week at the Jersey Shore as it was more economical and more things to do (all the things you mentioned above) vacationing in Hilton Head. Golf, restaurants, happy hours, water sports and biking are great. We rented from 1992-2016 and purchased a 2nd home/vacation rental there in 2017, which turned out to be perfect timing. We go down at least 5 times a year for 2+ weeks, and will be there more now that I am retired. We rent when we are not there, which covers a lot of the costs.
like the Jersey Shore, rentals are down a little this year, but mostly because supply has gone up as investors came in and bought homes and converted them to rentals. Also, rental prices got a little too high the last couple of years due to tremendous demand. So rental prices will have to come down after huge jumps between 2019 and 2022.
it’s a long drive, but flights to Savannah or directly onto the island are generally reasonable.
