Why are people leaving Long Island in droves? Why? (New York: mortgage, daycare)

[peconic117]

Originally Posted by MikeyKid

This is entirely true... the Fed is actively monetizing debt against everything they are supposed to be for - and completely against their charter. Stealth QE4, repo madness... it's completely out of control with all aspects of the government on board. If the current administration had his way, we would be seeing negative rates and it would be worse long term.

and the entire Socialism scare tactics are a joke... we socialize so much already and it's laughable. Agriculture is socialized at insane levels. We give corporations (highly profitable I might add) tons of taxpayer money and it just keeps getting worse... but yah, let's ignore all that and make fun of AOC because that makes sense.

I never made fun of AOC Bernie Bro. I simply pointed out her ridiculous monetary theory she and her ilk subscribe to that can justify her endless insane massive programs that will make things worse. A society built on endless debt is doomed to fail eventually virtually every decent mainstream economist warns of this all the time. And spare me the “we socialize everything already” BS it’s the social programs (Medicare, social security) that we do have that are already bankrupting us and are completely mismanaged, yet you think more is a-ok. There is plenty more that can still be socialized where government controls everything economically (just look at her green new deal for just a start). Forgive me I think I’ll stick with the real economists over your typical armchair analysis.

Lakefront on a madmade lake means virtually nothing as far as property taxes are concerned that’s what I meant, it’s a slight bump on housing value but not much, in fact there are plenty of downsides to those lakes in your yard.

And FL suburbs can’t be compared to the rest of the south? Yeah ok. Way to back pedal.

[Jdawg8181]

If you think ppl are leaving in droves, go visit Bed Bath & Beyond in Oceanside on a Saturday.

Trust me, people ain’t leaving

[monstermagnet]

Originally Posted by MikeyKid

But, monster was saying exactly that... that it was at LI levels and rising.

It's disingenuous to say lakefront means "nothing"... it may mean little, sure - but that same house with it's backyard backed directly to a neighbor is not the same.

Even at that, I wasn't even trying to compare to "lakefront" on LI... I was saying any $750k home in Nassau will not have sub 2% property taxes. Not even close... and we both know LI is rising, so I don't know what scenario has Coral Gables "catching up and passing LI".

BTW - FL is a terrible example to represent "southern suburbs".

Actually I didn't say that. I was saying that LI expats will bring LI style local govt that will fleece people and drive up taxes...as its happening wherever the schools are good...my examples being Parkland/Weston. I actually thought I linked to a Parkland home, not Coral Gables (don't even know where that is, lol) so bad linking on my part. Peconic defended me sweetly (I'll be nice to an Islander fan today . The point is So Fl (and many other expat tax havens) are experiencing rapid growth and if not rapid tax increases, they are soon on the way.

As for this quote:

Originally Posted by MikeyKid

This is entirely true... the Fed is actively monetizing debt against everything they are supposed to be for - and completely against their charter. Stealth QE4, repo madness... it's completely out of control with all aspects of the government on board. If the current administration had his way, we would be seeing negative rates and it would be worse long term.

and the entire Socialism scare tactics are a joke... we socialize so much already and it's laughable. Agriculture is socialized at insane levels. We give corporations (highly profitable I might add) tons of taxpayer money and it just keeps getting worse... but yah, let's ignore all that and make fun of AOC because that makes sense.

I agree with it to the letter, couldn't have said it better and think it's the best post I read all day on any media.

[monstermagnet]

Originally Posted by peconic117

I never made fun of AOC Bernie Bro. I simply pointed out her ridiculous monetary theory she and her ilk subscribe to that can justify her endless insane massive programs that will make things worse. A society built on endless debt is doomed to fail eventually virtually every decent mainstream economist warns of this all the time. And spare me the “we socialize everything already” BS it’s the social programs (Medicare, social security) that we do have that are already bankrupting us and are completely mismanaged, yet you think more is a-ok. There is plenty more that can still be socialized where government controls everything economically (just look at her green new deal for just a start). Forgive me I think I’ll stick with the real economists over your typical armchair analysis.

.

Sorry to say, bruddha but you have this all backwards. The CURRENT 30 years of deep state control (which is basically every nook and cranny in Washington from the white house to MSNBC and everyone in between (lobbyists, lawyers, analysts, THE MILITARY INDUSTRIAL COMPLEX) have moved money FROM the middle class to the 1%. To the tune of $9T for them and negative -$900b for us. How? Printing money with no legitimate backing and injecting it into the markets. Trump jumping into the swamp with both feet to give tax breaks indefinitely to the rich and temporarily for us and throwing money everywhere, but mostly to the military and SOCIALIST like subsidies to farmers. The Feds, injecting a half trillion of funny money since September into the markets, inflating stock prices to continuous records. Nothing is based on fundamentals or earnings. Savings is a thing of the past. If you're not in the market, you're getting poorer, and 45% of Americans are NOT in the market at all. Most are only in casually through barely managed 401ks. I hope they diversify. The deficits are from MASSIVE military pork spending and corporate welfare, NOT entitlements like medicare. A bigger problem is rate cuts in a "great economy" and a massive military spending package in a time we're not really in a war (unless we inflate one). Thinking AOC could spend much more than Trump has is silly. For one, Congress would never let her, Repub or Dem. That's the difference these days. Repubs and Cons HAPPY AS LI CLAMS to spend, spend, spend...and spend printed play money debt that theoretically will either be passed down to further burden future generations or will ultimately kill us like ancient Rome. They say republics die from bankruptcy, not war. Paying for war with fake money and is what leads to the bankruptcies.

Like I said before. THEY ALL spend. They ALL love debt these days. And sooner or later, they all come to the little guy for a handout so they can give the big guy a bailout. I'm OK with Bernie's ideas to claw back some of OUR OWN money and spend it on things that actually might make us great again.

[Charlie.WIllson]

Originally Posted by monstermagnet

Sorry to say, bruddha but you have this all backwards. The CURRENT 30 years of deep state control (which is basically every nook and cranny in Washington from the white house to MSNBC and everyone in between (lobbyists, lawyers, analysts, THE MILITARY INDUSTRIAL COMPLEX) have moved money FROM the middle class to the 1%. To the tune of $9T for them and negative -$900b for us. How? Printing money with no legitimate backing and injecting it into the markets. Trump jumping into the swamp with both feet to give tax breaks indefinitely to the rich and temporarily for us and throwing money everywhere, but mostly to the military and SOCIALIST like subsidies to farmers. The Feds, injecting a half trillion since September into the markets, inflating stock prices to continuous records. Nothing is based on fundamentals or earnings. Savings is a thing of the past. If you're not in the market, you're getting poorer, and 45% of Americans are NOT in the market at all. Most are only in casually through barely managed 401ks. I hope they diversify. The deficits are from MASSIVE military pork spending and corporate welfare, NOT entitlements like medicare. Thinking AOC could spend much more than Trump has is silly. For one, Congress would never let her, Repub or Dem. That's the difference these days. Repubs and Cons HAPPY AS LI CLAMS to spend, spend, spend...and spend printed play money that theoretically will either be passed down to further burden future generations or will ultimately kill us like ancient Rome. They say republics die from bankruptcy, not war. Paying for war with fake money is what leads to the bankruptcies.

Like I said before. THEY ALL spend. They ALL love debt these days. And sooner or later, they all come to the little guy for a handout so they can give the big guy a bailout. I'm OK with Bernie's ideas to claw back some of OUR OWN money and spend it on things that actually might make us great again.

Why so much hate? Buy a bunch of houses on borrowed money, rent them out, sit on cash pile, if cash pile grows too big, buy stocks, hedge with commodities and buy the dip if there is one. 20 years later, you will retire rich.

The system isnt going to go down because most Americans are either too busy playing with their iPhones or self centered. A one man army will never beat anything.

[monstermagnet]

Originally Posted by Charlie.WIllson

Why so much hate? Buy a bunch of houses on borrowed money, rent them out, sit on cash pile, if cash pile grows too big, buy stocks, hedge with commodities and buy the dip if there is one. 20 years later, you will retire rich.

The system isnt going to go down because most Americans are either too busy playing with their iPhones or self centered. A one man army will never beat anything.

#fakenews Where is there hate in my post? Just educating a friend and fellow hockey fan who is getting bad info. I'm doing great and will ride this out until the Fed runs out of powder. Unless they just print money forever. Negative rates around the globe! Party on, Garth! And why would anyone buy houses to rent in this bubble and tax unfriendly place? Buy REITs and reinvest the dividends. Don't have to deal with tenants or fix anything.

[MikeyKid]

Originally Posted by peconic117

I never made fun of AOC Bernie Bro. I simply pointed out her ridiculous monetary theory she and her ilk subscribe to that can justify her endless insane massive programs that will make things worse. A society built on endless debt is doomed to fail eventually virtually every decent mainstream economist warns of this all the time. And spare me the “we socialize everything already” BS it’s the social programs (Medicare, social security) that we do have that are already bankrupting us and are completely mismanaged, yet you think more is a-ok. There is plenty more that can still be socialized where government controls everything economically (just look at her green new deal for just a start). Forgive me I think I’ll stick with the real economists over your typical armchair analysis.

Lakefront on a madmade lake means virtually nothing as far as property taxes are concerned that’s what I meant, it’s a slight bump on housing value but not much, in fact there are plenty of downsides to those lakes in your yard.

And FL suburbs can’t be compared to the rest of the south? Yeah ok. Way to back pedal.

I am no fan of "AOC Bernie Bro", trust me. But, you have to keep some context. We socialize so much more than your "social programs" of Medicare and SocSec. The government (via the Fed) basically flat out pumps money into the Stock Market - they indirectly buy stocks (known as QE)... the government (via HUD) props the housing sector... we give billions of taxpayer money to farmers, pharma sector, energy sector, and the banks, etc. So, explain to me how that all isn't Socialism when you are taking money from me and giving it to them? Why is that OK? So, keep scaring everyone with Venezuela comparisons and the evil green new deal nonsense... it's simply a scare tactic to try and get votes. They're all Socialists taking my money and giving it to someone else NOW - TODAY... voting 1 side won't change anything.

and btw what is "real economists" to you? Kenysenian? Classic? Supply side? Who is right? You're telling me this crazy fiat based fractional reserve system of banking works long term? No way.

Lastly, not backpedaling on FL suburbs... who goes to FL for the schools? Nobody. That's what I mean.

[MikeyKid]

Originally Posted by monstermagnet

Actually I didn't say that. I was saying that LI expats will bring LI style local govt that will fleece people and drive up taxes...as its happening wherever the schools are good...my examples being Parkland/Weston. I actually thought I linked to a Parkland home, not Coral Gables (don't even know where that is, lol) so bad linking on my part. Peconic defended me sweetly (I'll be nice to an Islander fan today . The point is So Fl (and many other expat tax havens) are experiencing rapid growth and if not rapid tax increases, they are soon on the way.

I just got done replying to peconic... you really think people most to FL for the schools? I don't.

I just don't see LI style local govt coming to roost anywhere in the South.

[greenie72]

I can only comment on myself. Grew up in Nassau, bought a home in Suffolk, sold it and left close to three years ago.


Our priorities and wants out of life became clearer as we got older and it was impossible to get on Long Island. We thought we had it good, my husband worked from home most of the time, infrequently commuted into the city via the train station walkable from our home. I had a little quarter acre in a nice town and drove less than 20 minutes to work.


As people kept leaving NY to move to other states, I said good riddance. You'll never find what you can get in NY elsewhere. I can't say I resented people, but I felt like we really accomplished a lot by affording our lifestyle. We didn't have kids so the higher taxes due to schools were a little annoying, but that was the price of living there.



But... after close to a decade in our first house, we realized the return on investment just wasn't going to be there soon because of when we bought it and how much we paid and put into an old house. We kept saying "When we retire, we'll go south and have this and that" as a way to cope with what we couldn't have now. Finally, we thought... Why are we waiting until we retire to have a warmer winter, a home that had space, a big yard that I could garden to my heart's content, a calmer and less claustrophobic life?


We researched, found somewhere that could support our careers and had what we were looking for, and we moved. We bought a home that is three times the size of our tiny first home for 1/3 of the taxes. I have a acre of land. We're not on top of our neighbors anymore and have peace and quiet. There's a farm three doors down. We make more money now than we did in New York. I have things I've never had before in a place I love. We even found a good pizza place and the restaurant scene is surprisingly good. Parks, outdoor activities, golf, warmer winters where snow is a rare occurrence.


It was the right decision for us. We knew the material changes that would take place but the surprise was how our personalities changed for the better also. I believe my claustrophobia came out in all sorts of negative ways in my life in NY. Here, it's better. I still have to remind myself to keep the anxiousness in check once in a while but I figure that will dissipate over time.


We miss the people in NY that we love but don't miss anything else really.

[VA Yankee]

/\

So where you end up that provided you with this quality of life?