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SweetTooth
I'm a tired mommy!
Member since 12/05 20105 total posts
Name:
Lauren
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what you can get on LI
There's a newsday article today about what you can get on LI for $500K.
It is written as if you are getting soooo much for that money
Article
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Posted 9/7/06 2:08 PM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
lorich
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Member since 6/05 9987 total posts
Name:
Grammie says "Lora Gina"
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Re: what you can get on LI
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| Posted 9/7/06 2:11 PM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: what you can get on LI
UGH this infuriates me! 
not EVERYONE can afford a 1/2 a million $ home 
morons! why do they think so many people are leaving?
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| Posted 9/7/06 2:13 PM |
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june262004
But I love the Snow!
Member since 5/05 15379 total posts
Name:
Kristin
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Re: what you can get on LI
but there a LOT of houses that are less then 500K here.
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| Posted 9/7/06 2:18 PM |
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MrsERod
Praying for Everyone.
Member since 5/05 26170 total posts
Name:
MrsERod™®
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Re: what you can get on LI
you CAN get alot for $500K - even LESS than that! 
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| Posted 9/7/06 2:23 PM |
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june262004
But I love the Snow!
Member since 5/05 15379 total posts
Name:
Kristin
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Re: what you can get on LI
Posted by MrsERod
you CAN get alot for $500K - even LESS than that!
I thought we talked about this last week
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| Posted 9/7/06 2:24 PM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: what you can get on LI
well DH and I don't want to spend more than $300K on a house, and a nice one, not a 2 bedroom 50 yr old house that's falling apart.
hence the reason why I asked for info on moving supplies.
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| Posted 9/7/06 2:25 PM |
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MrsERod
Praying for Everyone.
Member since 5/05 26170 total posts
Name:
MrsERod™®
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Re: what you can get on LI
Posted by SweetestOfPeas
well DH and I don't want to spend more than $300K on a house, and a nice one, not a 2 bedroom 50 yr old house that's falling apart.
hence the reason why I asked for info on moving supplies.
congratulations on your move 
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| Posted 9/7/06 2:26 PM |
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june262004
But I love the Snow!
Member since 5/05 15379 total posts
Name:
Kristin
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Re: what you can get on LI
Posted by SweetestOfPeas
well DH and I don't want to spend more than $300K on a house, and a nice one, not a 2 bedroom 50 yr old house that's falling apart.
hence the reason why I asked for info on moving supplies.
And thats awesome for you but not everone is in your shoes. I got a GREAT house that NEEDED no work for A LOT less then 500k last year wich was the PEEK of house prices!
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| Posted 9/7/06 2:28 PM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: what you can get on LI
Posted by MrsERod
Posted by SweetestOfPeas
well DH and I don't want to spend more than $300K on a house, and a nice one, not a 2 bedroom 50 yr old house that's falling apart.
hence the reason why I asked for info on moving supplies.
congratulations on your move
TY
it's not 100% yet, but probably 95% 
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| Posted 9/7/06 2:28 PM |
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lorich
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Member since 6/05 9987 total posts
Name:
Grammie says "Lora Gina"
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Re: what you can get on LI
Posted by SweetestOfPeas
it's not 100% yet, but probably 95%
Oh...it's moved up 5% since yesterday....
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| Posted 9/7/06 2:30 PM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: what you can get on LI
Posted by lorich
Posted by SweetestOfPeas
it's not 100% yet, but probably 95%
Oh...it's moved up 5% since yesterday....
 yup
ETA: this newsday article helped move it up a notch
Message edited 9/7/2006 2:34:02 PM.
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| Posted 9/7/06 2:33 PM |
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Eva Luna
Be kind...life's hard!
Member since 8/05 4750 total posts
Name:
God, bless & heal my DH, JenG's DH Rob & DebG
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Re: what you can get on LI
Posted by lorich
Posted by SweetestOfPeas
it's not 100% yet, but probably 95%
Oh...it's moved up 5% since yesterday....
OMG FOR REAL!
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| Posted 9/7/06 3:04 PM |
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lorich
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Member since 6/05 9987 total posts
Name:
Grammie says "Lora Gina"
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Re: what you can get on LI
Posted by sasha
Posted by lorich
Posted by SweetestOfPeas
it's not 100% yet, but probably 95%
Oh...it's moved up 5% since yesterday....
OMG FOR REAL!
She's KILLING me!
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| Posted 9/7/06 3:06 PM |
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Ambersmom
Straight up nasty
Member since 5/05 7740 total posts
Name:
Sharon
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Re: what you can get on LI
Posted by SweetTooth
There's a newsday article today about what you can get on LI for $500K.
It is written as if you are getting soooo much for that money
Article
Isnt' that pretty much with everything Newsday produces? I find half of their paper isn't worth lining the bottom of my birdcage with
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| Posted 9/7/06 3:07 PM |
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Redhead
You Live, You Learn
Member since 5/05 31871 total posts
Name:
Jennifer
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Re: what you can get on LI
i couldn't get past the first few lines without a chuckle
"From Colonials to co-ops, condos and Capes, there's plenty to choose from when spending a half-million dollars on Long Island real estate.
Buyers in that price range may be shut out of some high-end communities, such as Lloyd Harbor, Oyster Bay Cove and Sands Point"
In THAT price range...even if you DOUBLED that price range you would be shut of Llyods Harbor and Sands Point and a LARGE section of OB
you jump to such extremes
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| Posted 9/7/06 5:47 PM |
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Redhead
You Live, You Learn
Member since 5/05 31871 total posts
Name:
Jennifer
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Re: what you can get on LI
Posted by SweetTooth
There's a newsday article today about what you can get on LI for $500K.
It is written as if you are getting soooo much for that money
Article
i honestly didn't get that feel from the article at all
in fact i got the complete OPPOSITE
how crazy what 500K actually gets you these days....and what you have to do or to even get the house at 500K
get a tenat...
move out east
i thought the article was pretty good and factual
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| Posted 9/7/06 5:50 PM |
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dpli
Daylight savings :)
Member since 5/05 13973 total posts
Name:
D
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Re: what you can get on LI
This was the line that stood out to me...
In the price range ... there is a lot of inventory, probably twice as much as there was last year, but the bottom line is mortgage rates are still reasonable. They did go up, but it is still very affordable [to buy a home in that price range]," says Shawn Elliott of Shawn Elliott Luxury Homes and Estates, in Woodbury
I think very affordable is a stretch, that is relative, don't you think?
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| Posted 9/7/06 6:20 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: what you can get on LI
they are also talking about $500K for a starter home or for a single person- that is a strench in thinking for me
for $500K I am NOT expecting a starter home
or a house with only 2 bedroom that they spoke about in LB
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| Posted 9/7/06 6:22 PM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: what you can get on LI
Posted by dpli
This was the line that stood out to me...
In the price range ... there is a lot of inventory, probably twice as much as there was last year, but the bottom line is mortgage rates are still reasonable. They did go up, but it is still very affordable [to buy a home in that price range]," says Shawn Elliott of Shawn Elliott Luxury Homes and Estates, in Woodbury
I think very affordable is a stretch, that is relative, don't you think?
I think that they have a lot of nerve saying that! 1/2 a million $ is a LOT of money to most people! it's extremely condescending
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| Posted 9/7/06 6:25 PM |
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Redhead
You Live, You Learn
Member since 5/05 31871 total posts
Name:
Jennifer
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Re: what you can get on LI
Posted by dpli
This was the line that stood out to me...
In the price range ... there is a lot of inventory, probably twice as much as there was last year, but the bottom line is mortgage rates are still reasonable. They did go up, but it is still very affordable [to buy a home in that price range]," says Shawn Elliott of Shawn Elliott Luxury Homes and Estates, in Woodbury
I think very affordable is a stretch, that is relative, don't you think?
see i see that statement sooo differently
i thought they were saying:
rates at 5-6% are in fact affordable (they are...in fact it is the best one could have hoped for when purchasing a home...making that house MORE affordable)
as opposed to 8-9%
which can really make a home at the same price with the above (5-6% ) rate now UTTERLY UNAFFORDABLE
so i guess i agree with what they said
Message edited 9/7/2006 6:30:15 PM.
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| Posted 9/7/06 6:29 PM |
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dpli
Daylight savings :)
Member since 5/05 13973 total posts
Name:
D
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Re: what you can get on LI
Posted by Redhead
Posted by dpli
This was the line that stood out to me...
In the price range ... there is a lot of inventory, probably twice as much as there was last year, but the bottom line is mortgage rates are still reasonable. They did go up, but it is still very affordable [to buy a home in that price range]," says Shawn Elliott of Shawn Elliott Luxury Homes and Estates, in Woodbury
I think very affordable is a stretch, that is relative, don't you think?
see i see that statement sooo differently
i thought they were saying:
rates at 5-6% are in fact affordable (they are...in fact it is the best one could have hoped for when purchasing a home...making that house MORE affordable)
as opposed to 8-9%
which can really make a home at the same price with the above (5-6% ) rate now UTTERLY UNAFFORDABLE
so i guess i agree with what they said
I see your point. What I was thinking was that he makes a good point if you are just considering the mortgage rates, but calling a $500k house affordable? I am not sure that is true for most first time buyers.
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| Posted 9/7/06 11:13 PM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: what you can get on LI
Posted by dpli
I see your point. What I was thinking was that he makes a good point if you are just considering the mortgage rates, but calling a $500k house affordable? I am not sure that is true for most first time buyers.
this article reminds me of DH's co-workers who all bought their homes on LI 15 or more years ago. they all say to him "well, you both work, you should be able to afford a house, others can do it". then DH asks them "would you be able to afford your house if you had to buy it today"? their answer - no.
a lot of people just don't get it!
Message edited 9/8/2006 9:07:03 AM.
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| Posted 9/8/06 9:06 AM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: what you can get on LI
Posted by SweetestOfPeas
Posted by dpli
I see your point. What I was thinking was that he makes a good point if you are just considering the mortgage rates, but calling a $500k house affordable? I am not sure that is true for most first time buyers.
this article reminds me of DH's co-workers who all bought their homes on LI 15 or more years ago. they all say to him "well, you both work, you should be able to afford a house, others can do it". then DH asks them "would you be able to afford your house if you had to buy it today"? their answer - no.
a lot of people just don't get it!
well said sista! 
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| Posted 9/8/06 9:38 AM |
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