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Every last “local” in my soon to be former neck of the woods, has left the state. The majority heading south, mostly NC/SC & FL. They’re leaving in droves. My market is on fire. Being overtaken by city morons/downstaters.
In a message or two last year?...I thought you mentioned the area you moved to, was "not on the radar of most metro folks looking for a weekend/fulltime home"?
....For the first time..I have started giving consideration to selling most of my acreage, farm buildings, home...and moving to a rural area in north/central Pa.
....For the first time..I have started giving consideration to selling most of my acreage, farm buildings, home...and moving to a rural area in north/central Pa.
Are you still seeing people moving into your area from the NYC area?
Also, don’t ignore the end of the article: “But even with tens of thousands of people hopping across New York’s many borders, the state saw more people move in than move out last year.” They’re using some funny math, though.
Most of these posts about people leaving CA or IL or NY overlook those moving in.
In a message or two last year?...I thought you mentioned the area you moved to, was "not on the radar of most metro folks looking for a weekend/fulltime home"?
My luck ran out. These people are like a cancer. They’re rolling in like oranges.
Hence, bailing out. This time taking it a step further and getting out of NY altogether.
We left Westchester County for Virginia. Southeast Virginia is in a housing boom from the influx of NY/NJ upper middle class retirees.
After all, why pay $20,000 on yearly property taxes when you could pay $3,000 in Virginia? We aren't hicks, we have operas, classic music concerts, plays, museums, etc - all at the fraction of NYC prices.
Yeah but you don’t have the beaches, bagels and pizza! Lol!!!
And PS: you shouldn’t brag about how great it is where you are because, “they” will find out, and “they” will come.
It's just odd to me with all of these people supposedly fleeing NY you'd think there would be more of a buyers market for residential real estate. But it's been extremely tough and competitive for buyers (delayed negotiations, bidding wars, homes selling $100,000 over asking, etc.) If there's truly a mass exodus it's sure not reflected in the real estate market.
That's because most of the properties here are snatched up and quickly converted to rentals. That's the same theme throughout the country that homes are bidded up by investment groups and turned into rentals. People like me would rather own than live in these areas. I can't convince any young person why it makes zero financial sense not to live in NYC. I'm not the one that would pay $20 for a burrito bowl.
That's because most of the properties here are snatched up and quickly converted to rentals.
This would indicate huge demand for rentals. There seems to be high demand for housing in NY state.
I'm communicating with two realtors in two different parts of NY (basically interviewing buyers agents for our move there.) I will ask both of them if the majority of homes are being sold to investors or to owner-occupants. Although even if investors are winning bidding wars, the fact that there are bidding wars in the first place indicates there are multiple offers, and plenty of those are hopeful owner-occupants, again demonstrating high demand for housing in NY which I would not expect to see if the state was emptying out.
As much as I loved Long Island, we left when our first child was born so that we could afford to buy a house. We knew it would be difficult to do there with the very high taxes. My mother was paying $4K a year back in the 70's! We moved to Florida and our yearly taxes were $600 a year. That was a while ago and things have gotten very expensive here also especially because of the homeowner's insurance.
Pretty soon New York (Long Island, NYC & its boroughs including Westchester) will only be affordable to the high-income folks.
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