Are there any parts of LI where you can score a big home for a cheap sticker price like you can in some southern states? (Hempstead: restaurants, groceries)
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As for the Mastics though, that is another story. So many dirt cheap properties that can attract a herd of nomads with high volume potential. This is where you'll see true redeployment of equity. The Mastics are sitting on a gold mine and none of you Long Islanders even know it yet until after us city folks come in and exploit it.
This is what I was saying, which brought on some of the usual snark. It's out of the box thinking, and people who don't necessarily follow the crowd make the best investments (sometimes).
Look at the map and see how close it is to Westhampton, and the beaches are probably just as nice.
Why immigrants? Brooklyn didn't start turning around because immigrants bought in. It turned around because whites bought in. The added diversity that young white professionals brought is what turned around Brooklyn. What you need first is businesses to buy in. When people see development. They see opportunity. Then individuals will buy in. But it's going to be hard to convince anyone to invest 30 years in Wyandach on a wish. You have to show them first.
White Hasidm ......... Some immigrants from isreal and Europe. The didn't care about the crime and boys in the hood. They bought cheap and sold high. All it takes is a vision and investment and somebody will be filthy rich. Then all of you will Monday morning quarterback
Mastic IS a gold mine. I was visiting a friend who bought a house over there on the water. Absolutely stunning view. Guys a custodian and he has this nice house on the water that he bought for a bag of peanuts. I looked around and said "wow these people don't understand what a goldmine they are sitting on". All it takes is a few Asian families buying in and then it will skyrocket. G Dale is spot on....... Buy low . Sell high. I remember when patchouge was a dump.
Mastic is NOT a gold mine. I guarantee your custodian friend has no kids and doesn’t value a school system....which sucks by the way.
And too many dirtbags as residents. But sure you have a great view of the water....just sit back and relax knowing you’re the king of the hill in a crap town that has not improved in 30 years.
Pretty much....although basements are not common and when they exist it's usually a walkout basement. And new construction here is on a postage stamp.
There are some older houses (1980s era) in highly desirable locations that are selling for $700K and up (way up) and the teardown phenomenon is starting here. It's like western Nassau in 2004 all over again.
Interesting. No doubt due to demand the builders are cheaping out. I'm seeing in the Atlanta suburbs as well now. Better to get a 10 year old home with good bones and build quality than brand new construction.
Mastic is NOT a gold mine. I guarantee your custodian friend has no kids and doesn’t value a school system....which sucks by the way.
And too many dirtbags as residents. But sure you have a great view of the water....just sit back and relax knowing you’re the king of the hill in a crap town that has not improved in 30 years.
And wait until the next Sandy when the riff raff will loot it during a bug out.
G Dale is spot on....... Buy low . Sell high. I remember when patchouge was a dump.
G Dale is NOT spot on. You'll buy low and you'll sell low [possibly lower] in a declining area that shows no signs of rejuvenation or gentrification, despite how many times you say it out loud. Patchogue has a lot more going for it than Mastic ever will.
Patchogue started revitalization a while ago. Houses are still cheap. The Mastics are a good investment if you turn it into a grow house, otherwise forget it.
G-Dale is always spot on. Follow me now, otherwise it'll be too late. Don't let a little riff raff scare you away. The schools aren't going to know what to do with all the new revenue.
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