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Prices going up and everyone on this board always claiming that no one wants to live here - people leaving in droves - yadda yadda yadda. I've been hearing this mass exodus narrative since the 1980s. Yet, real estate prices in Nassau are going up.... go figure!
I remember when that "Save the Oak Beach Inn" guy was driving around 30+ years ago telling us that LI was imploding and everyone was fleeing from the high taxes, etc. Run for your lives. Always a few suckers to buy the panicky jive. I long suspected he ran a moving van company or something.
“Willing” is a strong word. “Needing to” is probably more correct. Nobody really wants to commute 3 hours a day.
They look at what their budget buys in, let's say New Hyde Park. Then the see what that amount buys in Western Suffolk and think of the little snowflakes with a big yard, quiet street and enough room. Almost no contest.
BTW, word is anything east of Rt. 111, out to Riverhead, is pretty hard to sell. That being said, houses in Smithtown, Commack and Huntington are selling fairly briskly.
I remember when that "Save the Oak Beach Inn" guy was driving around 30+ years ago telling us that LI was imploding and everyone was fleeing from the high taxes, etc. Run for your lives. Always a few suckers to buy the panicky jive. I long suspected he ran a moving van company or something.
Actually, if you're not in a union, doctor or ambulance chaser, you're most likely commuting to NYC. Figure an average of 90 minutes on the commute plus all of that aggrevation. Believe me, out migration on LI is alive and well, as it is in CT and NJ. Because of those reasons you've etc'd.
Actually, if you're not in a union, doctor or ambulance chaser, you're most likely commuting to NYC. Figure an average of 90 minutes on the commute plus all of that aggrevation. Believe me, out migration on LI is alive and well, as it is in CT and NJ. Because of those reasons you've etc'd.
Certainly not a surprise NYC, one of the largest and wealthiest cities on the planet, has an enormous economic influence in its region.
Also no doubt folks move into and out of NYC’s suburbs and region. Traditionally immigrants and city folks moving in and others (including older folks) moving out.
Last edited by Quick Commenter; 01-27-2018 at 06:07 PM..
Not a dig at OP, but this isn't "news", Newsday. This has been the case for over a year. I still believe it's a bubble, but with a burst date TBD. Could be 3 years. Could be 10 years. No one knows. But I've been saying for months that with capes in mediocre areas going for 550K, it's pretty insane and as they say in economics "it can't continue like this"/"what goes up must come down", etc.
one place i think will burst is Levittown. There is where you'll find the most houses up for sale, and at some ridiculous prices. To make matters worse, Levittown taxes seem to be the highest in Nassau. If anyone buys in, I dont see how they'll ever be able to sell without taking a loss.
They are leaving in droves.
And coming in droves.
Its a wash.
I wish they would leave and not come back or be replaced.
Let's make LI like it was in 1880 again!
They look at what their budget buys in, let's say New Hyde Park. Then the see what that amount buys in Western Suffolk and think of the little snowflakes with a big yard, quiet street and enough room. Almost no contest.
BTW, word is anything east of Rt. 111, out to Riverhead, is pretty hard to sell. That being said, houses in Smithtown, Commack and Huntington are selling fairly briskly.
Houses in my area of Stony Brook are selling within a month of listing.
They look at what their budget buys in, let's say New Hyde Park. Then the see what that amount buys in Western Suffolk and think of the little snowflakes with a big yard, quiet street and enough room. Almost no contest.
BTW, word is anything east of Rt. 111, out to Riverhead, is pretty hard to sell. That being said, houses in Smithtown, Commack and Huntington are selling fairly briskly.
And where did you find this pearl? My Stony Brook neighborhood is seeing a fair number of houses sold in a reasonable amount of time for decent prices.
And where did you find this pearl? My Stony Brook neighborhood is seeing a fair number of houses sold in a reasonable amount of time for decent prices.
Of course there are outliers and Stony Brook/Setauket is an excellent area. I haven't seen such brisk sales, but then again I don't look in this area.
Nevertheless, I plan to put my humble aboad on the market next month, so I'm hoping what you'all are saying about fast sales cycles applies
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