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I think the housing prices are crazy on LI and really doesn't go down much as opposed to the rest of the country is because LI is an island right outside of NYC.
There just isn't many areas for new development and most people aren't leaving.
I've lived elsewhere in the country, places like Texas, Virginia...and there are just a lot more land and new developments all over the place.
Nice new or close to new home with 2 car garages for 200k easy down there.
Here on LI? a 500k house and you only have a 1 car garage for most houses.
500K can get you in a decent house, but after looking this week and finding homes that were bought for 600's sitting mid/low-400's and still hanging around who wants to take the chance?
If you can afford the payment (which includes taxes ), have stable income and plan on staying here until you retire, there are a good number of quite acceptable houses in the 350-450 listing range now, selling 5-10% below listing..much more so than even 2 or 3 years ago when those same places were listing 450-550. Houses with some updates that have been well maintained in good school districts. For a family making 120+ it is doable. Of course if you are making less than that, than anything decent still seems out of reach or a major stretch.
Because someone who paid $500K or more 5 years ago isn't selling for $400K now. Just not gonna happen unless they absolutely, positively have to. It's like there's a standoff going on. I look at houses in my old town and some of them have been on the market a looooong time. One in my old neighborhood, this is its 3rd spring on the market. And that's just one example.
As far as others - your house is worth what someone will pay. We thought we overpaid in 1997, sold last year for a profit, and I wasn't going to worry about the buyers - either someone would pay what we asked or they wouldn't. They did.
There are two real estate markets. The one you described, with unrealistic selers whose houses aren't for sale, the sellers are unmotivated. This is why our inventory is so large. And the smaller one, homeowners who price correctly and sell quickly.
Actually, it's both. Cops are certainly making out better than the teachers, but so long as you aren't a newbie, teaching jobs are about as stable as you can get - perfect for qualifying for a mortgage.
Actually, it's both. Cops are certainly making out better than the teachers, but so long as you aren't a newbie, teaching jobs are about as stable as you can get - perfect for qualifying for a mortgage.
Definitely. Check out this bangin' Pequa Teacher bungaloo.
Well, if it's on Jon Stewart then it must be true, time to give teachers a raise
Sorry, but biases aside it's easy to see there's room for belt tightening with the teachers of LI, but I'll be the first to admit the PD has a lot more fat to cut.
Well, if it's on Jon Stewart then it must be true, time to give teachers a raise
Sorry, but biases aside it's easy to see there's room for belt tightening with the teachers of LI, but I'll be the first to admit the PD has a lot more fat to cut.
Well considering his fake news program is now larger than the entire Fox audience, maybe theres something there?
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