Starter Houses on Long Island? (Babylon, Coram: real estate, housing, condo)

[NickL28]

Originally Posted by momix5

You know it is funny, the days when the houses flew off the market are over, the real estates need to get off there you know what and actually put something to sell them. My friend is trying to sell her house and she asked me to go to the open house to check up on the realtor. I went and told the realtor I was looking to upgrade when I sell my house, she told me oh you can look if you want but it has no basement and only one bath, the house is gorgeous, but she had no interest in even showing me around. I reallly do not think that they are worth the 20,000 or so they make in commision. My friends house has been advertised once in 6 months. I really think if more buyers would use FSBO with an attorney and engineer they would get more of a house because the seller could sell for a lot less.

Home prices really aren't falling that much on Long Island & in NYC they are still rising by double digits city wide. I also say a story that the average rent (across the entire NYC metro region) rose 36% between 2002-2006. How do people afford these rents? And across the area, there is supposedly record construction. Everywhere you look one of these new (ugly) multi family mini apartment buildings are going up.

BTW, I am buying an 1800 square foot condo in Hartford County CT (not Hartford itself) for only $289,000 that is new construction from a former factory.

Maybe if you have kids and want to put them in good schools that is one thing, but I just don't understand how & why people are going to kill themselves to pay (overpay) for a crap 2 bedroom (2 bedrooms is an apartment BTW not a real home) home that people think is a steal for $350,000.

Oh and about LI & the NYC metro region -- I don't miss the attitude, the general hostility as well as the prominent 'sense of entitlement' that everyone seems to have, and the attitude that you are inferior if you aren't making that six figure salary or $200,000 a year that the NY Times is the minimum needed to survive

[NickL28]

Originally Posted by saadrajabali

are there any cheap apartments on Long Island and is there a train or subway or whatever i can take to long island? i live in Queens but ive never been to long island and ive been transferred to long island for my job. help me out thanks.

You are not missing much unless you into shopping & spending hours trying to goto an overcrowded (and overrated) beach. If you like to do other things than impulsively spend money at malls, & buy the latest SUV or High End Beemer (and gloat about it) then you won't fit in on Long Island.

[nbres]

Yes there is affordable housing on Long Island. Is it in the wealthy enclaves of the North Shore - NO. But if you are willing to get past any pretensions and realize that you have to live on a real budget then all sorts of possibilities open up. There are plenty of really nice and affordable homes in the following areas that I am most familiar with: North Babylon, Deer Park, West Babylon and Lindenhurst. Despite what some will say on this board, these areas are fine. Yes, the schools are not perfect, but where are they. Be realistic - this area is affordable, also, the entire Babylon Township has seen major upgrades to its amenities thanks to Steve Bellone. Not to mention there are a lot of great people here. Demographically, yes, it is heavily Italian, Irish and some German who are mostly Catholic. Lots of NYC cops and firemen, nothing like hearing the sound of bag pipes on a summer evening.

There are plenty of starter capes and ranches for under $400 and even under $350 with relatively low taxes. You could trade up to a split or even a colonial and it would cost only $400 to $450. So get of the high horse and get realistic.

[ClarkStreetKid]

Originally Posted by nbres

There are plenty of starter capes and ranches for under $400 and even under $350 with relatively low taxes. You could trade up to a split or even a colonial and it would cost only $400 to $450. So get of the high horse and get realistic.

$350 for a starter? That's only a starter in name only.

[clamboy]

Originally Posted by ClarkStreetKid

$350 for a starter? That's only a starter in name only.

Actually were selling our redone 3 bed/2ba Inline ranch in Rocky Point for 339K
100x100/Dead End/Walk to beach/Great Schools/Taxes not too bad for the North Shore.
MLSLI.com - Find a Home

MLSLI.com ML#1977659
theyre out there.

Rocky Point and Sound Beach are a hell of a buy.

We're looking to relocate to Central CT too.

Best
C

[ClarkStreetKid]

I really like that brick BBQ. Mind me asking what the sq ft is? Also are you shooting below what the average price of your neighborhood?

Still $340K is too rich for my blood for a starter.

[justus5]

hello. i actually make approx 120k thats without my husbands salary. we live in suffolk county with a 430k balance. our house is about 3,000 square feet which is way bigger than the average LI home. we actually hate it in suffolf and are moving back to nassau. i guess you miss the action out there. l thought we would be downsizing the house size and would probably have a higher mtg pmt. i guess its what we do. thats NY for ya.its close to NYC good schools and good areas. you get what you pay for no matter what it is..

[clamboy]

Originally Posted by ClarkStreetKid

I really like that brick BBQ. Mind me asking what the sq ft is? Also are you shooting below what the average price of your neighborhood?

Still $340K is too rich for my blood for a starter.

Were right on target price wise per Zillow.

If youve been in one inline ranch youve been in em all.

Ours is pretty nice though...we opened it up quite a bit and we have a double plot on a dead end.

1100 Main another 1000 finished Bsmt about 2100 sft of total living space

Neighborhood is great.
C

[wanna stay on north shore]

I dunno. I think a real 'starter home' doesn't exist. if it does, we'll buy it in a flash. All the homes we can afford look like slums, and are either in the stix, or worse....

I think the LI verson of a starter home is the condo.... and the starter home community? CORAM.... the great shrine to co-ops and condos.....

[clamboy]

Sound Beach and Rocky Point are One town North of Coram.

You can definitely get a house for 300k there.

Id stay away from Condos in a downturn.
Our house needs nothing and its up for 339K ...they are out there.)
MLSLI.com - Find a Home
Ive seen very nice 2 and 3 beds for around 300k

A house is a much better asset than a Condo.
Especially one thats N of 25a w great schools.
(Longwood vs Rocky Point or Miller Place...No contest)

You wont get hurt out here.