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By then gx89 will probably be moved down to a southern state because she can't afford the Mastics anymore.
My kid will still be in school then, we will be here. I will always be able to afford the mastics I live in a town where it's easier to find a house over 1.4mm than under 700k.
My kid will still be in school then, we will be here. I will always be able to afford the mastics I live in a town where it's easier to find a house over 1.4mm than under 700k.
That is why I brought up mean reversion one page ago. That gap you speak of will be contracting.
That is why I brought up mean reversion one page ago. That gap you speak of will be contracting.
It won't be contracting since there is a very limited housing stock of smaller homes on small lots. Majority of houses are on acre lots or larger and have homes at minimum of 3500 sq ft.
That's because the Mastics and Riverhead are heating up and about to blowup. Just look at the difference between rents and sales. You'd be stupid not to jump in now.
Same thing they said VERBATIM in 2006. By 2009, prices back to the cellar. In this boom they are only up to @$20k over the highs then. Avg annual return over 18 years is 1.9%. Would have done better with CD's. One of the rare examples of losing money on RE in New York. Good luck with that timing. You'll need it.
For a good piece of land cheap (relative to LI) to build custom on and no kids in schools, Mastic is a find. That's not gentrification though, it's actually the opposite and stifles the kind of dense develop needed to gentrify. People putting in a million dollar custom home are NOT going to vote YES on the proposed condo development or worse yet "affordable" or mixed use project when it gets pitched. No way. If you lived here, you'd know. LI isn't the land of gentrification. It's the land of flipping homes for profit while impacting the "unique suburban culture" (thank you, Herr Kate Murray) as little as possible.
Follow the flippers, dude. They likely already beat you to the money.
Last edited by monstermagnet; 08-13-2018 at 07:36 AM..
Same thing they said VERBATIM in 2006. By 2009, prices back to the cellar. In this boom they are only up to @$20k over the highs then. Avg annual return over 18 years is 1.9%. Would have done better with CD's. One of the rare examples of losing money on RE in New York. Good luck with that timing. You'll need it.
For a good piece of land cheap (relative to LI) to build custom on and no kids in schools, Mastic is a find. That's not gentrification though, it's actually the opposite and stifles the kind of dense develop needed to gentrify. People putting in a million dollar custom home are NOT going to vote YES on the proposed condo development or worse yet "affordable" or mixed use project when it gets pitched. No way. If you lived here, you'd know. LI isn't the land of gentrification. It's the land of flipping homes for profit while impacting the "unique suburban culture" (thank you, Herr Kate Murray) as little as possible.
Follow the flippers, dude. They likely already beat you to the money.
You're wasting your time with this one.
Plain and simple: If Mastic was so attractive, it would have been bought up and gentrified by now. The commute west from there is hell. But what really sets it apart is the atmosphere. It's just a dreary place to call home, and one feels that so much more when they commute >3 hours daily just to come home to a hell hole.
Plain and simple: If Mastic was so attractive, it would have been bought up and gentrified by now. The commute west from there is hell. But what really sets it apart is the atmosphere. It's just a dreary place to call home, and one feels that so much more when they commute >3 hours daily just to come home to a hell hole.
It won't be contracting since there is a very limited housing stock of smaller homes on small lots. Majority of houses are on acre lots or larger and have homes at minimum of 3500 sq ft.
That sounds ridiculous. I imagine your neighborhood will eventually start running short on buyers. That price instability won't touch the Mastics.
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