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Can we all cut the nonsense and all agree to steer the OP far far away from Wyandanch. Especially being from outside the US. Come on. There are plenty of other cheap areas that are lightyears safer than the dirty danch.
I have friends in they're 20s that are moving up from Georgia and need to live near the Nassau/Suffolk border. They tell me about the complexes that are available down there. You have brand new developments that contain apartments as well as single family homes along with stores etc. It's like a self contained little village. Clubhouse, pools etc. Really nice stuff.
Come to think of it, places like that exist all over the country. Nothing like that on LI? Looking at the Wyandanch development it seems that's as close as it gets but the area is a no no. What else is available in nice areas?
Seems like places like that would be in high demand.
Here is the problem I have with some posters. You all are pretty smart bunch. I read the comments and most of you have really great points. I find it strange that only a handful of you can understand that land is a commodity. Why would land stay in the hands of those that can't pay for it? Wyandanch is a potential goldmine. Do we laugh at the Hasidic families that purchased run down homes in the WORST part of Brooklyn? Those homes are now worth MILLIONS . my uncle bought 2 foreclosed houses in Bedford sty for chump change on a mailman's salary. He sold the houses for an obscene amount of money. Millions each. He wasn't a real estate genius, just a man who understood that areas change with time. Wyandanch used to be a great area and will be again once the demographics change.... And they will. Developers are already building HUGE MCmansions in Wyandanch. Young families that don't have 400k to plunk down on a house will find the 200k price tag on 5 bedroom high ranch houses very affordable. Immigrant families from the west Indies and west Africa and Hispanics will be the first wave.... They value education and hard work and will improve the school system. From there others will follow. Once again the developer who buys in NOW will look like a friggan genius.
Here is the problem I have with some posters. You all are pretty smart bunch. I read the comments and most of you have really great points. I find it strange that only a handful of you can understand that land is a commodity. Why would land stay in the hands of those that can't pay for it? Wyandanch is a potential goldmine. Do we laugh at the Hasidic families that purchased run down homes in the WORST part of Brooklyn? Those homes are now worth MILLIONS . my uncle bought 2 foreclosed houses in Bedford sty for chump change on a mailman's salary. He sold the houses for an obscene amount of money. Millions each. He wasn't a real estate genius, just a man who understood that areas change with time. Wyandanch used to be a great area and will be again once the demographics change.... And they will. Developers are already building HUGE MCmansions in Wyandanch. Young families that don't have 400k to plunk down on a house will find the 200k price tag on 5 bedroom high ranch houses very affordable. Immigrant families from the west Indies and west Africa and Hispanics will be the first wave.... They value education and hard work and will improve the school system. From there others will follow. Once again the developer who buys in NOW will look like a friggan genius.
Not all real estate investments are a home run. Otherwise everyone and their mothers would be putting their money into it . Bed Stuy was an example where it panned out. There are areas where it did not or will take an uncertain amount of time. It's a gamble. Take for example East New York in Brooklyn. Time will tell if the nabe can gentrify like Bed Stuy
Here is the problem I have with some posters. You all are pretty smart bunch. I read the comments and most of you have really great points. I find it strange that only a handful of you can understand that land is a commodity. Why would land stay in the hands of those that can't pay for it? Wyandanch is a potential goldmine. Do we laugh at the Hasidic families that purchased run down homes in the WORST part of Brooklyn? Those homes are now worth MILLIONS . my uncle bought 2 foreclosed houses in Bedford sty for chump change on a mailman's salary. He sold the houses for an obscene amount of money. Millions each. He wasn't a real estate genius, just a man who understood that areas change with time. Wyandanch used to be a great area and will be again once the demographics change.... And they will. Developers are already building HUGE MCmansions in Wyandanch. Young families that don't have 400k to plunk down on a house will find the 200k price tag on 5 bedroom high ranch houses very affordable. Immigrant families from the west Indies and west Africa and Hispanics will be the first wave.... They value education and hard work and will improve the school system. From there others will follow. Once again the developer who buys in NOW will look like a friggan genius.
Eh, Bull****. How are the geniuses that bought in Mastic/Shirley holding up? 50 years later and it's still trash. Give it up.
That's the short game. The long game isn't BS. Mastic and Shirley are on the other side of the earth to Manhattan. There has to be factors in order for things to work..... Wyandanch has those factors. There is a reason why blacks from the cities bought houses there in the 70s and early 80s. Whites that lived there moved further out east. An earlier poster already posted that yuppies from the surrounding areas are buzzing around . let's wait and see what happens.
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