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Not gonna happen on Long Island....only way you can find something most people would consider a "decent" house for under $200k is moving outside of the NY Metro area. I don't even see many condos listed in that price range.
If you are dead set on home ownership and don't mind being a little cramped, you can sometimes find a crazy small bungalow or converted fishing shack in some areas (Rocky Point is one of them) under $200, but they don't come up all that often. Most people scoff as stuff like that, but considering how crappy most apartments on LI seem, it might be an upgrade (plus you actually own it and can expand if you need more space)....but we're talking like one story, three or four room homes here. That's the only way to make it happen.
What's kind of sad is that there should be actual housing stock in that price range - look at what builders did to a town like Mastic/Shirley. There's random houses where you'd never think to build one - lights from the 7-11 shining into your backyard... like seriously? Drive down the Floyd and see what's just North of Sunrise. Take a ride down Portion Rd... BTW these are personal anecdotes having lived in Farmingville and East Moriches.
I get that at a certain price it becomes a knockdown/land value/zone it professional/etc... But I would have a hard being convinced there's nothing that should be valued at 200kish right about now. Nassau - yes... Suffolk - no.
What's kind of sad is that there should be actual housing stock in that price range - look at what builders did to a town like Mastic/Shirley. There's random houses where you'd never think to build one - lights from the 7-11 shining into your backyard... like seriously? Drive down the Floyd and see what's just North of Sunrise. Take a ride down Portion Rd... BTW these are personal anecdotes having lived in Farmingville and East Moriches.
I get that at a certain price it becomes a knockdown/land value/zone it professional/etc... But I would have a hard being convinced there's nothing that should be valued at 200kish right about now. Nassau - yes... Suffolk - no.
You know what? I might be wrong....that area you mention (SE Brookhaven) may have an OK selection at or under $200k. The Moriches have always been pretty affordable and there are some parts of Shirley that seem OK. I don't really know....but then again, like you mention - so much of it is flat out ugly or just makes you scratch your head.
Seems like prices are still going down, so maybe low 200s will be a reality for more of the island soon. Tough to tell with so much expert BS out there.
Thanks. i thought seeing the houses for $200,000 and less on sites for Sound Beach and Rocky Point was too good to be true. I own in Park Slope Brooklyn, but rent in massapequa park and was really hoping to find a nice weekend house for cheap, but really not looking to buy a fishing place as pointed out.
So really, when i google homes on Sound Beach, there are really nice looking ones, 4 br, 2 baths , they are just not what it seems? bad areas?
Thanks. i thought seeing the houses for $200,000 and less on sites for Sound Beach and Rocky Point was too good to be true. I own in Park Slope Brooklyn, but rent in massapequa park and was really hoping to find a nice weekend house for cheap, but really not looking to buy a fishing place as pointed out.
So really, when i google homes on Sound Beach, there are really nice looking ones, 4 br, 2 baths , they are just not what it seems? bad areas?
Not at all. Sound Beach is fine.
My guess, short sales on main roads/near powerlines in need of major work.
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thanks
