Who are your new Neighbors? (Kings Park, Floral Park: for sale, real estate, rentals)

[ncc1701]

Enough threads about whose moving to North Carolina. It would be nice to hear about the types of folks that are coming to LI. If you have new neighbors recently and know something about them, what are their demographics? Age, Income, Ethnicity, Occupation, kids etc....

[Glad2BHere]

Originally Posted by ncc1701

Enough threads about whose moving to North Carolina. It would be nice to hear about the types of folks that are coming to LI. If you have new neighbors recently and know something about them, what are their demographics? Age, Income, Ethnicity, Occupation, kids etc....

Great thread!

I live in an area where homes cost 400 (for gut job/fixer uppers) to 850,000 for high end or new construction. Taxes range from $8000-$12000.

Much of my block has changed hands since I moved here. Who did they sell to?

house #1 - young white professional couple in their 30s w/ one kid (paid 500s for a house that needed new baths, kitchen, siding, etc. It was a fixer upper.)
house #2 - white professional/blue collar couple in their 40s, 1 kid, bought a TEAR down for low 500s (and put about 150,000 into, it's brand new now). Owner had about 10 bids on this tear down home. People would leave notes in the door that they wanted to know if it was for sale for their son/daughter, friend, etc.
house #3 - young white blue collar couple, no kids - small home that needs to be gutted, needed new kitchen, baths, etc paid low 400s for this fixer upper

(none of which have illegal rentals)

Then us of course, white professionals, paid low 500s, needed total work as well (which we did, mint condition now). Currently another home near us is for sale and they are asking over 659 and it needs new baths, kitchens, etc. And since I follow real estate, I can name many many more homes that have sold to young "white" families with or without kids, in the 500s and 600s, who don't need the assistance of illegal rentals.

So I don't buy when I hear that NO young people can afford it here (or without the help of illegal rentals). That's not what I am seeing at all. That's my point about how many LI towns greatly differ.

[TomMoser]

Originally Posted by Glad2BHere

Great thread!

house #1 - young white professional couple in their 30s w/ one kid (paid 500s for a house that needed new baths, kitchen, siding, etc. It was a fixer upper.)
house #2 - white professional/blue collar couple in their 40s, 1 kid, bought a TEAR down for low 500s (and put about 150,000 into, it's brand new now). Owner had about 10 bids on this tear down home. People would leave notes in the door that they wanted to know if it was for sale for their son/daughter, friend, etc.
house #3 - young white blue collar couple, no kids - small home that needs to be gutted, needed new kitchen, baths, etc paid low 400s for this fixer upper

(none of which have illegal rentals)

Then us of course, white professionals, paid low 500s, needed total work as well (which we did, mint condition now). Currently another home near us is for sale and they are asking over 659 and it needs new baths, kitchens, etc. And since I follow real estate, I can name many many more homes that have sold to young "white" families with or without kids, in the 500s and 600s, who don't need the assistance of illegal rentals.

So I don't buy when I hear that NO young people can afford it here (or without the help of illegal rentals). That's not what I am seeing at all. That's my point about how many LI towns greatly differ.

Why are all the homes sold in your neighborhood so dated that they need total renovation? Sounds like there has not been any new blood in quite a long time.

[ClarkStreetKid]

Tom, That used to be the norm in my experience. People would set down roots and make some really great neighborhoods.

[Kbinspections]

Kings Park is the town of cops, nurses and teachers. 4 cops, 6 nurses and 4 teachers just on my street! My neighborhood really changed gaurd about 10 years ago. Weird how that happens.......

[Glad2BHere]

Originally Posted by TomMoser

Why are all the homes sold in your neighborhood so dated that they need total renovation? Sounds like there has not been any new blood in quite a long time.

All the homes were inhabited by people who lived in them 20-30 years, at least. Old age and divorce are most of the reasons homes sell here. On my block it was mostly elderly people who passed away/went into nursing homes, etc. One was a divorced person who lived alone many years.

That's exactly my point about the difference between older more established trade up areas vs starter towns on LI.

[TomMoser]

On the average, most people move about every 7-8 years. People of previous generations tended to stay in a home for a very long time, just as they stayed in one job for their entire lives. To be honest, I still live in the "starter home" that we purchased 20 years ago!

[LIPumpkin]

We (two white professionals-one accountant, one teacher) are moving onto a block, buying a house from two people around my parents' age with two boys and one daughter (daughter is out and around my age, boys are not) where I was told there is a family with twins next door..that's all I know so far..can keep you posted if we ever close..haha..eta that I am 28 (29 in a couple of weeks) and he is 31.

[LIPumpkin]

Additionally, when we were house hunting, we saw a lot of young people and young families doing the same..seems as though the area we bought in is undergoing a change where older people are deciding a house is too much. One family wanted to upgrade their house..we saw a lot of houses that needed aesthetic work mostly, and those started in the upper $400s, low $500s...for a little more, you get updated, but maybe not your taste...

[fopt65]

Middle aged couple downsizing from Floral Park, young couple from Queens, family with 2 kids from Brooklyn. People on my block stay forever. Before these houses were put up for sale, the "newbies" were here for over 7 years.