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Old 05-01-2018, 07:56 PM
 
1,481 posts, read 2,707,131 times
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Quote:
Originally Posted by markjames68 View Post
Obviously someone is affording them. One option is that while the population is nearly the same the average people per home is less - fewer 3 generation homes.

And a combined income of $80K can certainly afford $3000 a month in rent. Not a ton else, but they can afford it.

Also, how many of these units are being built? A few hundred maybe? Still a lot of people about.
Yes, a few hundred complexes that house a few hundred. Thatís tens of thousands of people. My parents looked at Many of them throughout LI
Again, $2500 +++ for a one bed room. $3000++++ for 2 BR (one in Farmingdale was $3,500)

Needless to say, they will stay in their paid off home (worth about 500k) Very AVERAGE home with 15k in taxes.

Again, we ALL COMPLAIN, But we all stay! (Most a least, lol)
Great conversation, thank you!
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Old 05-01-2018, 08:32 PM
 
73 posts, read 31,499 times
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That’s the issue. Long time residents of LI look at $10-$15k in taxes as outrageous but the NYC resident who currently pays local taxes won’t because it’ll even out. And those are the same people who will continue to move into LI.

People travel to NYC from PA, NJ, CT on a daily basis. LI is no different.
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Old 05-01-2018, 08:37 PM
 
1,481 posts, read 2,707,131 times
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Quote:
Originally Posted by Bwsteg View Post
Thatís the issue. Long time residents of LI look at $10-$15k in taxes as outrageous but the NYC resident who currently pays local taxes wonít because itíll even out. And those are the same people who will continue to move into LI.

People travel to NYC from PA, NJ, CT on a daily basis. LI is no different.
Iíll take my 1700 SF home on a 1/4 AC with 10k in taxes VS a 600 sf apartment in NYC for 1 Million+++
PLUS hundreds of dollars in HOA fees.
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