Avoid Long Island If You Can (New York, Brentwood: relocating, estate, housing)

[clamboy]

Originally Posted by NYC2RDU

I recommend not challenging NYNewbie on the details of his posts, he doesn't like it. Hopefully he's too busy re-gentrifying the slums of East Northport while starving his family to pay attention.

Y'know C, it's contributors like him that helped me turn the corner in terms of how I view your posts. These threads need contrary perspectives but they need to be either intelligent, entertaining or both. You get that but not everyone does.

I just like having a little fun Tarheel

You posts are always strong.
I just feel the contrarian voice must be heard here.

As I've said before... LI dances to a different drummer in many,many ways.

I think your critique and judgement are sound but I find your measuring stick to be a bit askew.

In the shadow of Manhattan, regardless of economy, demand will always exceed supply on Long Island.
Never underestimate the buoyancy or gravitas of our fair Paumanok.

Is it perfect?
No...but if youre a Long Islander, it will always be home.
No matter where I go, Ill always be an Islander at heart.

I hope to see you make it back someday.

Peace

C

[Diane Giam]

Originally Posted by NY62

I have been to nashville and I loved it . But come on go outside of nashville and tell me the same. Go up to whitehouse, sure the new little circle of houses have roads and lights but everthing around it does not. And rite outside of Nashville there were some dandy places as well. No tornadoes? are you kidding ? My friends said the same thing untill one tore through gallitin and hendersonville. and I saw the damage. dont kid yourself. they said that area never gets them . and I hate to tell you Tornadoes are more common on the flat land then in the mountains. Who ever told you that is lying through there teeth. How long have you lived there? get out take a ride all around you. I am not bashing it at all there are some beautifull areas but next street over you can get the old double wide park with the confederate flags waving. I have friends that live in tennessee and they love it, then I have some that hate it. I loved hendersonville on old hickory lake but the prices in those nieghborhoods were the same as here or more.I will tell you this if Long Island was as big as Tennessee the home prices would be cheaper also. It is called supply and demand. our supply is small . yours is huge they have so much open land there it is rediculous. But try and buy near a lake smaller supply and the prices go way up. Take care and I am glad you love it. check out the grand ole oprey if you have not ,it is awsome. Even if you dont like country music you have to go to a show. I happen to like all kinds of music so I loved it. Peace

I think you misunderstood me on a few things. Hendersonville/Gallaton are flat, they are North of Nashville. I live south of Nashville/ Brentwood are. It's real hilly by me, so we have no tornados, threats, but none.
Pricing my me isn't that low, but I sold a house in Jersey half this size 4200 sq ft, and paid $30,000 less. Taxes $3500 a year, which I consider low on a house this size. My house that I bought in Mt Sinai in 1976 for $32,990 and it was about 2000sq is going for what I paid.
I have never been to whitehouse but I've been to lots of places in the country and they had lights and sidewalks. I like to explore, even saw the Amish in Etridge, TN.
I love country music! Check out this song-It's so Funny-
.'Online' Video - Brad Paisley - AOL Music
Diane

[Diane Giam]

Originally Posted by ClarkStreetKid

If memory serves me houses in NB were selling for about 130 to 150K 20 years ago. 27K for East Northport sounds like a real bargain or somebody is pulling someones leg.

I bought in NB in 1982, when interest rates were 16 1/2 % for $66,000. House was off Woods Rd, Fenimore Ave. Not the Sunset City Development, I was told mine was a bit higher from the orginal owners.
I had a 4 level Split which it the later 80s was selling for $185,000. I sold it in 1992 for $160,000.
Then I moved to Horrible Jersey, bought a Colonial for $235,000 and sold it in 2006 for $463,000. In 05 , I would have gotten in the $500S.
Maybe that was more than 20 years ago in East Northport.
I remember Imperial Gardens off Commack Road in Dix Hills/Commack selling in the $50s in late 70s, new.
Diane

Diane

[NYNewbie]

Moderator cut: deleted post

Let's see. The challenges you faced me with are? I don't quite know. You suggested that I was a hypocrite because I live in East Northport in a house you suggested must be worth a million (though any check of MLSLI.com will show numerous houses well below the million price-point) while suggesting others regentrify. Because your claim is based on a faulty assumption, it doesn't really deserve to be dignified with a response. My house was purchased at $380,000.

Still, you also seem to imply that I'm not allowed to suggest that other areas be regentrified. Listen, if someone's complaint is that the area costs too much, move to an area on the island that is cheaper. That is simple math and it doesn't need much support. One could move to Hempstead and live on the cheap - very cheap relative to my own home. I know this because I've looked at the listings.

It just so happens that some neighborhoods are nicer than others. People will have to pay a price to live there.

Now, let's say that some unfortunate soul bought a house at the whopping $150,000 a house cost in East Northport (ostensibly) 20 years ago (though I've been told otherwise by a Fireman down the street who has been in my area of town for about 25 years). The payment on that house is about, at most, $1200/month. Said person is nearly 10 years from paying it off. This person is complaining about the cost of Long Island? Seems to me that under these circumstances - given the islands median incomes near $60,000/year, that person should be living well.

I don't deny that costs have gone up here faster than in most area. Still, so has the value of one's property. This person has equity in his/her home that s/he wouldn't otherwise have if they had bought in Detroit. She could buy in a place where there are lower costs, but then there typically are fewer services, and as a result, less demand by young earners to move there.

It is all interconnected.

Now, given the sacrifices I've made to live here I have little sympathy for anyone who has drained his/her house of equity and rotated the average $8000/month on a credit card (as the average person in the US has). If they are going to turn around and blame their plight on taxes, I say "Move away!" It isn't the fault of taxes, but a failure to be responsible.

The one blanket exception I make is for those suffering because of a lack of health insurance - but that is a national problem.

[NYNewbie]

Originally Posted by ClarkStreetKid

If memory serves me houses in NB were selling for about 130 to 150K 20 years ago. 27K for East Northport sounds like a real bargain or somebody is pulling someones leg.

Newsday's records show houses selling throughout East Northport for around $100,000 just 14 years ago. It wouldn't surprise me to learn that houses sold for less than that prior to 1993.

As far as the guy down the street is concerned, I didn't say he bought 20 years ago. I said "around" 20 years ago. That I surmised from the fact that he is still paying his mortgage on the house he purchased for $27,000, assuming he got a 30 year mortgage.

It is quite possible that he bought a ramshackle hut, as the houses in my area are very modest Moderator cut: rude

[TomMoser]

Originally Posted by NYNewbie

Newsday's records show houses selling throughout East Northport for around $100,000 just 14 years ago. It wouldn't surprise me to learn that houses sold for less than that prior to 1993.

I bought my 3 Bedroom 2 Bath Cape in East Northport in 1988 for 179,000.

[Keeper]

Please get back on topic..

Be civil, no personal attacks, flaming, or insults. We may attack ideas (politely) but we do no attack the speaker of the idea. Be careful with your words, there is a point where being direct crosses a line into blunt, in-your-face hostility. Please, report bad posts instead of engaging in flame wars on the boards.

If you disagree with something, say so, but explain WHY.

[NYNewbie]

Originally Posted by TomMoser

I bought my 3 Bedroom 2 Bath Cape in East Northport in 1988 for 179,000.

I don't know what to do with that. Does one example mean that the 1993 records are inaccurate?

42 KALMIA ST, East Northport, NY 11731
Sales price: $113,050
Date sold: Dec. 15, 1993

59 NEWFOUNDLAND AVE, East Northport, NY 11731
Sales price: $100,000
Date sold: Dec. 1, 1993

400 TENTH AVE, East Northport, NY 11731
Sales price: $108,000
Date sold: Oct. 12, 1993
School district: Northport

41 SOUNDVIEW AVE, East Northport, NY 11731
Sales price: $115,000
Date sold: Aug. 13, 1993

601 LYNN AVENUE, East Northport, NY 11731
Sales price: $123,000
Date sold: Aug. 9, 1993

And recall that the purpose of my original post was to make clear that people who arrived here earlier than I did are living significantly affordable lives. My neighbor may be an outlier, but that doesn't nullify my point. If you bought at $179, your mortgage is significantly lower than mine. Life is more affordable (that is, if you haven't already paid for your home).

[watamensch]

The purchase price of the house has nothing to do with any of this... when a buyer makes an offer and says "afterall, they've been in the house since 1962 and probably paid $25K..." a good Realtor should tell the buyer that this has NOTHING to do with a current offer on a property.

[TomMoser]

I think it's pretty clear that anyone who bought anywhere 20 years ago, and never refied to take additional money out of the home, has considerably lower housing costs then someone who bought recently. This is not just a Long Island phenom. It is called inflation.