Why so many condos for 55+, but nothing affordable for families? (Hempstead: buy, school districts)

[nancy thereader]

Does anyone know anything about the condos in Saint James and Stony Brook? I think they are called Setauket Knolls. I do know that they are for seniors.

[OhBeeHave]

Originally Posted by nancy thereader

Does anyone know anything about the condos in Saint James and Stony Brook? I think they are called Setauket Knolls. I do know that they are for seniors.

Don't know the ones in St James. My friend rents out one in Stony Brook on Hallock Rd. There are two different condo complexes on Oxhead Rd across from Murphy JHS. I've been in the older ones on Oxhead. Nice amount of space.

[James1202]

Originally Posted by Crookhaven

Choose all that apply:

a)Seniors are generally not throwing keg parties, dealing drugs or riding by with the boomin' system.

b)Albeit of questionable skill, older people drive less.

c)Affordable housing equals brown people.

d)Because they pay taxes and don't burden districts with kids.

e)Because they're selling their crappy 40 year old hi ranch that they bought for 25k for top dollar and they can afford it.

What Crookhaven said.

[JBMadsen]

I am looking for a low income 55 and older 3 bedroom Condo..In The Los Angeles -Studio City area....HELP!!!Much appreciated...to buy or lease

[Elke Mariotti]

Originally Posted by JBMadsen

I am looking for a low income 55 and older 3 bedroom Condo..In The Los Angeles -Studio City area....HELP!!!Much appreciated...to buy or lease

You're on the wrong forum - this is Long Island, NY.

[yinduffy]

Is it true that senior or 55+ condos residents pay lower taxes because they don't pay school taxes? My BIL told me that when my Mom moved to one in Suffolk Co. 10 yrs ago.
My younger sister lived with my mom
to help take care of her and when my Mom passed away, the condo org.
allowed my sister to stay even though she was in her 40's.

[longislander2]

Originally Posted by Crookhaven

e)Because they're selling their crappy 40 year old hi ranch that they bought for 25k for top dollar and they can afford it.

Yup, they have the money and can often pay cash.

[majortom1981]

Originally Posted by yinduffy

Is it true that senior or 55+ condos residents pay lower taxes because they don't pay school taxes? My BIL told me that when my Mom moved to one in Suffolk Co. 10 yrs ago.
My younger sister lived with my mom
to help take care of her and when my Mom passed away, the condo org.
allowed my sister to stay even though she was in her 40's.

No this is not true. They are cheaper because condos are usually smaller. Also they do not have yards so less taxable property. The thing with condos is what you lack in school taxes is made up for in hoa or maintenance fees.

Not all condo developments are 55+ I am in blue ridge condos in Medford and we have no age restrictions. A lot of seniors do live here but we have no such restrictions.

I have a 2 bedroom condo that is 740 square feet. I only pay $1950 in taxes but have maintenance fees of $340 a month (includes water,sewers, and basic cable).

[yinduffy]

If a 55+ condo community pays the same taxes, what would be the benefit of moving to one? No noisy kids?

[poopsmith]

Mayee its cuz modt people are old and familys dont want to live here. You can only sell what you can. Old people have more mony to.