Based on a recent spout, I calculated the costs of buying homes

Cape May - Based on a recent spout, I calculated the costs of buying homes in Cape May County shore towns, using the average sale prices listed in the last three weeks in the Herald. Although there is some disparity from town to town, a new home buyer would have to pay mortgages between $2,300 and $4,000 per month, without taxes. This is at a very low 3.92 percent interest rate. And some spouters out there expect our city employees to be able to afford to live like that? I sure hope they support big pay raises for cops, firemen and public works if they expect that to ever happen.