Starter Houses on Long Island? (Babylon, Huntington: for sale, real estate market, renting)

[NYSinger]

Hi All!

Are there any reasonably-priced starter houses in safe neighborhoods of Suffolk County left??

Really, the housing is insane!!!

NYSinger

[Mike98WS6]

Originally Posted by NYSinger

Hi All!

Are there any reasonably-priced starter houses in safe neighborhoods of Suffolk County left??

Really, the housing is insane!!!

NYSinger

I guess my post was deleted. Anyway, yeah there are some nice neighborhoods that are resonably priced. I live in Lindenhurst.

[NYSinger]

Thank you, Mike!

I did a search on Lindenhurst and it does seem like a nice town with affordable housing. It might take my husband and I some time to find a house, but we'll keep on looking!

NYSinger

[Mike98WS6]

Your welcome. Good luck!!!

[NYer]

Try Huntington & Deer Park in Babylon... it is a buyer's market.

[NickL28]

There are no starter houses available in any decent neighborhood in either county (nassau or suffolk) unless you can afford a minimum of $500,000 with property taxes of at least $8,000 a year.

You need to make at least $150,000 a year as a single person just to get by, plus don't forget about the added expense of a car (or two or three for the average household).

You must also have this materialistic mentality. Most Long Islanders spend the entire weekend shopping & shopping & shopping. Life revolves around going (or driving) to the mall and eating at some chain restaurant.

Somehow PF Chang or Cheesecake Factory are considered fine dining where people wait hours just to get into these places.

[fopt65]

My neighbor just sold his starter house in Franklin Square (Nassau) for 385,000 taxes are $6000 per year. I make less than 100K per year with a family of 4 and we are getting by. Not everyone is like what the previous reply stated. Prices are starting to come down as there is a glut of houses for sale at this time. As people's adjustable mortgages come due, you'll see even more houses for sale and prices dropping even more. Have you looked at Ridge, Shirley, Rocky Point? I don't know how they are specifically, but there seem to be many cheaper starter houses for sale in these areas.

[I'minformed2]

Indeed, I think we've found a "hater".

[NickL28]

Originally Posted by fopt65

My neighbor just sold his starter house in Franklin Square (Nassau) for 385,000 taxes are $6000 per year. I make less than 100K per year with a family of 4 and we are getting by. Not everyone is like what the previous reply stated. Prices are starting to come down as there is a glut of houses for sale at this time. As people's adjustable mortgages come due, you'll see even more houses for sale and prices dropping even more. Have you looked at Ridge, Shirley, Rocky Point? I don't know how they are specifically, but there seem to be many cheaper starter houses for sale in these areas.

I am a a native NY'er getting by on a salary of $73,000 in Flushing Queens. After taxes & the cost of living, I couldn't even think about buying or even renting a larger place than what I currently pay $840/month in rent.

And, yes I am familiar with prices & rents across 'the island' from Queens to Suffolk. And, Ridge, Shirley & Rockey Point are not that desirable for someone who wants to live close to the city or spend less than 2 hours commuting each way.

You also have to figure out taxes on that 385K or 400K purchase + homeowners insurance. Both are figured into the PITI mortgage payment.

The real estate market on Long Island & in the NYC is a market out of control specifically targeted toward those making over $150,000 a year per person whose life centers around shopping and eating at upscale restaurants.

[Glen NY]

No, No, No, I think Nick is right on target, no exageration. I have live here, on long island for 42 years and Nick is right on target. I live in Nassau county, if a home is purchased in my area for less than 400k it is usually knocked down and rebuilt. You heard it a 400k house is either gutted or knocked down. There have been four within a one block radius of my home. Most people here are either rich or they live to pay there mortgage. One young guy came to buy my house he was going to mortgage 460K after putting down a substantial amount. His monthly payment with taxes would have been over three grand a month. So that he could live in a congested over crowded area that every thing is a wait, a crowd and aggravation. Nick, I hear you brother, I'm moving out as is 260 other homeowners in my town 4 times the amount of homes from last year.