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there is an adage about home buying and selling is an emotional one. Sometimes its more than just the numbers.
Especially when the numbers don't work and you have to justify it to yourself somehow because renting another 2 years or buying off LI is unfathomable to you.
It's not a matter of me getting over myself. I'm full aware that you're all talking to lurkers more than me. Trying to undermine my observations and advice because you are home owners and / or agents who would benefit from convincing people it's smart to overpay on homes.
If you are so intent on getting good value why are you even wasting time looking at LI? Go to a different part of the country and get much better value in house prices and less taxes!
And who is to say what's overpaying? In 5 years if prices continue to climb, today's "overpaid " purchase will look like a good deal then. Nobody can predict the future.
And who is to say what's overpaying? In 5 years if prices continue to climb, today's "overpaid " purchase will look like a good deal then. Nobody can predict the future.
Don't you think your second sentence contradicts the third? Just watched 2 more houses in Nassau FLY off the shelf at "well above" ask. Both capes on the south shore that went for over 5 I don't care. It won't make me spend more than it's worth to me.
The biggest problem is supply. All it'll take is one mass exodus once the boomers start migrating South, and I swoop in to buy the house next to you at a better deal
Last edited by Abby Schmitters; 09-28-2017 at 04:16 PM..
Don't you think your second sentence contradicts the third? Just watched 2 more houses in Nassau FLY off the shelf at "well above" ask. Both capes on the south shore that went for over 5 I don't care. It won't make me spend more than I think it's worth.
The biggest problem is supply. All it'll take is one mass exodus once the boomers start migrating South, and I swoop in to buy the house next to you at a better deal
Many of boomers have retired and migrated out of NYS with their NYS. NYC, or other local government pension. I am at the tail end of the boomers. I have seen a bunch of my friends retire from the NYPD in the last 4 years: 49, 50 years old. Who is buying their old LI homes? New police officers, immigrants, people leaving NYC to raise their children in the suburbs.
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I don't care. It won't make me spend more than it's worth to me. 
