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SweetTooth
I'm a tired mommy!
Member since 12/05 20105 total posts
Name:
Lauren
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30 years ago vs. today
hmm speaking of 30 years ago... I was looking at the real estate section in today's newsday, and on one of the pages they have an excerpt from August 11, 1976..
A few examples:
DEER PARK: Tender loving care has been given to this young 3 bedroom, 2 bath ranch. Hurry! $38,990!
EAST MEADOW: Ranch $29,990, starter home, full basement, detached garage, lo taxes.
EAST NORTHPORT-COMMACK: 3 bedrooms, brick ranch, private half acre, large eat-in kitchen, formal dining, 40' finished basement, in-ground pool, patios, sprinkler system, extras. $58,000.
HAUPPAUGE: Colonial, 4 bedrooms, 2.5 baths, fireplace, in ground pool, finished basement $55,000.
What do you think these houses would cost today?
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Posted 8/11/06 10:42 AM  |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: 30 years ago vs. today
i wish they listed the taxes!
Im going to have to find out now how much the median income was on LI thirty years ago...
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| Posted 8/11/06 10:44 AM |
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SweetTooth
I'm a tired mommy!
Member since 12/05 20105 total posts
Name:
Lauren
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Re: 30 years ago vs. today
Posted by Meaghan729
i wish they listed the taxes!
Im going to have to find out now how much the median income was on LI thirty years ago...
Let me know if you find out, that would be really interesting to know.
If the house prices were that low, how much could the taxes have been?
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| Posted 8/11/06 10:52 AM |
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lululu
LIF Adult
Member since 7/05 9511 total posts
Name:
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Re: 30 years ago vs. today
My parents purchased their home in Kings Park in 1972 for $36,000. 4/5 bedrooms, 2 1/2 baths, partial basement, .25 of an acre. today that house is worth about $590k. Here is a link to the same model house - this is right around the block from where i grew up! This one was very nicely redone though. I wish i knew what my dad made then - but also - kings park was the middle of NOWHERE back then!!!
House
ETA My mom sold the house 9 years ago for $225k.
Message edited 8/11/2006 11:09:07 AM.
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| Posted 8/11/06 11:07 AM |
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lorich
.
Member since 6/05 9987 total posts
Name:
Grammie says "Lora Gina"
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Re: 30 years ago vs. today
Posted by lululu
My parents purchased their home in Kings Park in 1972 for $36,000. 4/5 bedrooms, 2 1/2 baths, partial basement, .25 of an acre. today that house is worth about $590k. Here is a link to the same model house - this is right around the block from where i grew up! This one was very nicely redone though. I wish i knew what my dad made then - but also - kings park was the middle of NOWHERE back then!!!
House
ETA My mom sold the house 9 years ago for $225k.
That house is  I love it!
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| Posted 8/11/06 11:10 AM |
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lululu
LIF Adult
Member since 7/05 9511 total posts
Name:
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Re: 30 years ago vs. today
Posted by lorich
Posted by lululu
My parents purchased their home in Kings Park in 1972 for $36,000. 4/5 bedrooms, 2 1/2 baths, partial basement, .25 of an acre. today that house is worth about $590k. Here is a link to the same model house - this is right around the block from where i grew up! This one was very nicely redone though. I wish i knew what my dad made then - but also - kings park was the middle of NOWHERE back then!!!
House
ETA My mom sold the house 9 years ago for $225k.
That house is I love it!
I know, they did a great job rennovating that house though! there doesnt seem to be much of the original things that we had growing up - like the wood panel in the family room and the kitchen and bath are so nice in that home. What's funny though is I loved my house so much growing up that the house i ended up purchasing looks so similar to it....
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| Posted 8/11/06 11:13 AM |
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lululu
LIF Adult
Member since 7/05 9511 total posts
Name:
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Re: 30 years ago vs. today
I just found another one - much cheaper but looks like it was redon in the height of the 80s... so you can still get my old house for $475!
Same house - but 80's style!
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| Posted 8/11/06 11:15 AM |
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june262004
But I love the Snow!
Member since 5/05 15379 total posts
Name:
Kristin
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Re: 30 years ago vs. today
My parents bought a levit cape in the 70's They paid either 30 or 32,000.00 for it. My Grandfather who bought a house in merrick right after the war (also a cape looked like a levit cape) paid 7000.00 for it and was DISGUSTED that my parents paid "that much" for a levitt cape!
Well in 2005 I paid over 400K for my house and its a LEVITT CAPE! Could you imagine if my grandfather were alive today and saw how much we paid for our house! 
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| Posted 8/11/06 11:42 AM |
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lucyloo
nope
Member since 1/06 9758 total posts
Name:
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Re: 30 years ago vs. today
My parents bought their house in South Sayville 1979. They paid 49k for 4 br, 2full baths, basement, attic, formal dining room, porch, formal living room, den, fireplace, hardwood floors, water view and docking rights. There combined income that year? about 50k
 Only thing is the house was a mess when they bought it
Message edited 8/11/2006 11:46:31 AM.
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| Posted 8/11/06 11:45 AM |
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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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Re: 30 years ago vs. today
My parents paid $28,000
We bought it for $110,000
Could sell for close to $400,000!!!!!
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| Posted 8/11/06 12:42 PM |
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Palebride
I am an amazing bakist
Member since 5/05 13673 total posts
Name:
Lori
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Re: 30 years ago vs. today
I could be mistaken...but weren't interest rates ridiculously high at some opint between the 70's and now?
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| Posted 8/11/06 1:08 PM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: 30 years ago vs. today
Posted by SweetTooth
hmm speaking of 30 years ago... I was looking at the real estate section in today's newsday, and on one of the pages they have an excerpt from August 11, 1976..
A few examples:
DEER PARK: Tender loving care has been given to this young 3 bedroom, 2 bath ranch. Hurry! $38,990!
EAST MEADOW: Ranch $29,990, starter home, full basement, detached garage, lo taxes.
EAST NORTHPORT-COMMACK: 3 bedrooms, brick ranch, private half acre, large eat-in kitchen, formal dining, 40' finished basement, in-ground pool, patios, sprinkler system, extras. $58,000.
HAUPPAUGE: Colonial, 4 bedrooms, 2.5 baths, fireplace, in ground pool, finished basement $55,000.
What do you think these houses would cost today?
probably 10x more than then.
and it's really not relative at all. my parents bought their house in 1981 and it cost 2.5 times what my father earmed a year (my mom was a SAHM). DH and can ONLY DREAM of finding a house that costs 2.5x of BOTH our salaries!
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| Posted 8/11/06 1:20 PM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: 30 years ago vs. today
Posted by SweetestOfPeas
Posted by SweetTooth
hmm speaking of 30 years ago... I was looking at the real estate section in today's newsday, and on one of the pages they have an excerpt from August 11, 1976..
A few examples:
DEER PARK: Tender loving care has been given to this young 3 bedroom, 2 bath ranch. Hurry! $38,990!
EAST MEADOW: Ranch $29,990, starter home, full basement, detached garage, lo taxes.
EAST NORTHPORT-COMMACK: 3 bedrooms, brick ranch, private half acre, large eat-in kitchen, formal dining, 40' finished basement, in-ground pool, patios, sprinkler system, extras. $58,000.
HAUPPAUGE: Colonial, 4 bedrooms, 2.5 baths, fireplace, in ground pool, finished basement $55,000.
What do you think these houses would cost today?
probably 10x more than then.
and it's really not relative at all. my parents bought their house in 1981 and it cost 2.5 times what my father earmed a year (my mom was a SAHM). DH and can ONLY DREAM of finding a house that costs 2.5x of BOTH our salaries!
bumping.... b/c no one addressed my brilliant response 
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| Posted 8/11/06 3:44 PM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: 30 years ago vs. today
Posted by SweetestOfPeas
Posted by SweetTooth
hmm speaking of 30 years ago... I was looking at the real estate section in today's newsday, and on one of the pages they have an excerpt from August 11, 1976..
A few examples:
DEER PARK: Tender loving care has been given to this young 3 bedroom, 2 bath ranch. Hurry! $38,990!
EAST MEADOW: Ranch $29,990, starter home, full basement, detached garage, lo taxes.
EAST NORTHPORT-COMMACK: 3 bedrooms, brick ranch, private half acre, large eat-in kitchen, formal dining, 40' finished basement, in-ground pool, patios, sprinkler system, extras. $58,000.
HAUPPAUGE: Colonial, 4 bedrooms, 2.5 baths, fireplace, in ground pool, finished basement $55,000.
What do you think these houses would cost today?
probably 10x more than then.
and it's really not relative at all. my parents bought their house in 1981 and it cost 2.5 times what my father earmed a year (my mom was a SAHM). DH and can ONLY DREAM of finding a house that costs 2.5x of BOTH our salaries!
amen sista. youre preaching to the choir (which is me!)
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| Posted 8/11/06 3:46 PM |
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Maathy317
Grammie's Little Man
Member since 2/06 3235 total posts
Name:
D
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Re: 30 years ago vs. today
I bought my home 28 years ago, brand new and spent $39,900. My taxes were around $2,000. My house is now worth around $389,000 and my taxes are over $7,200!
Forgot to mention I live in Holbrook.
Message edited 8/11/2006 4:12:27 PM.
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| Posted 8/11/06 4:11 PM |
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charon54
My two boys!
Member since 5/05 7279 total posts
Name:
Rebecca
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Re: 30 years ago vs. today
Posted by Palebride
I could be mistaken...but weren't interest rates ridiculously high at some opint between the 70's and now?
Yes, interest rates were sky high at one point during the late 70s-early 80s I believe.
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| Posted 8/11/06 4:27 PM |
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~Colleen~
my loves...
Member since 5/05 9129 total posts
Name:
guess
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Re: 30 years ago vs. today
Posted by charon54
Yes, interest rates were sky high at one point during the late 70s-early 80s I believe.
Yes and there was a recession or two, no?
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| Posted 8/11/06 4:28 PM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: 30 years ago vs. today
Posted by Colleen9304
Posted by charon54
Yes, interest rates were sky high at one point during the late 70s-early 80s I believe.
Yes and there was a recession or two, no?
when there was a recession in the late 80s, prices of homes went down.
and interest rates were higher, but 10% a year on $30K is only $3K, but 10% on $300K is $30K...thats some difference!
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| Posted 8/11/06 4:35 PM |
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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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Re: 30 years ago vs. today
Posted by Maathy317
I bought my home 28 years ago, brand new and spent $39,900. My taxes were around $2,000. My house is now worth around $389,000 and my taxes are over $7,200!
Forgot to mention I live in Holbrook.
I live in Holbrook too!!
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| Posted 8/11/06 6:00 PM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: 30 years ago vs. today
Posted by Meaghan729
Posted by Colleen9304
Posted by charon54
Yes, interest rates were sky high at one point during the late 70s-early 80s I believe.
Yes and there was a recession or two, no?
when there was a recession in the late 80s, prices of homes went down.
and interest rates were higher, but 10% a year on $30K is only $3K, but 10% on $300K is $30K...thats some difference!
believe me, a high interest rate is a high interest rate no matter what..people were struggling with that back then. And back in the early 80s it was 17 and 18%.
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| Posted 8/11/06 6:53 PM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: 30 years ago vs. today
Posted by Blu-ize
Posted by Meaghan729
Posted by Colleen9304
Posted by charon54
Yes, interest rates were sky high at one point during the late 70s-early 80s I believe.
Yes and there was a recession or two, no?
when there was a recession in the late 80s, prices of homes went down.
and interest rates were higher, but 10% a year on $30K is only $3K, but 10% on $300K is $30K...thats some difference!
believe me, a high interest rate is a high interest rate no matter what..people were struggling with that back then. And back in the early 80s it was 17 and 18%.
what is the ratio of SAHM's today as compared to back in the 70's and 80's?
I bet it was a lot higher back then. the point is, women had the option of staying home with the kids, today - not many have that option around here.
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| Posted 8/11/06 7:24 PM |
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charon54
My two boys!
Member since 5/05 7279 total posts
Name:
Rebecca
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Re: 30 years ago vs. today
Posted by SweetestOfPeas
Posted by Blu-ize
Posted by Meaghan729
Posted by Colleen9304
Posted by charon54
Yes, interest rates were sky high at one point during the late 70s-early 80s I believe.
Yes and there was a recession or two, no?
when there was a recession in the late 80s, prices of homes went down.
and interest rates were higher, but 10% a year on $30K is only $3K, but 10% on $300K is $30K...thats some difference!
believe me, a high interest rate is a high interest rate no matter what..people were struggling with that back then. And back in the early 80s it was 17 and 18%.
what is the ratio of SAHM's today as compared to back in the 70's and 80's?
I bet it was a lot higher back then. the point is, women had the option of staying home with the kids, today - not many have that option around here.
I don't know about that on Long Island. Both my parents and DH's parents worked when we were kids and I knew very few people in Commack at that time who were stay at home moms.
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| Posted 8/11/06 7:32 PM |
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Maathy317
Grammie's Little Man
Member since 2/06 3235 total posts
Name:
D
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Re: 30 years ago vs. today
Posted by Blu-ize
Posted by Meaghan729
Posted by Colleen9304
Posted by charon54
Yes, interest rates were sky high at one point during the late 70s-early 80s I believe.
Yes and there was a recession or two, no?
when there was a recession in the late 80s, prices of homes went down.
and interest rates were higher, but 10% a year on $30K is only $3K, but 10% on $300K is $30K...thats some difference!
believe me, a high interest rate is a high interest rate no matter what..people were struggling with that back then. And back in the early 80s it was 17 and 18%.
You're absolutely right. In 1981, my husband made $26,000 per year and, even though, my mortgage was much smaller than mortgages today, it was still a struggle. It's all relative.
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| Posted 8/11/06 7:36 PM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: 30 years ago vs. today
Posted by charon54
I don't know about that on Long Island. Both my parents and DH's parents worked when we were kids and I knew very few people in Commack at that time who were stay at home moms.
well out of all my friends growing up, only 1 had a mom who worked. and they did not need the $$. she was basically a part time bookkeeper in her parent’s leather factory.
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| Posted 8/11/06 7:47 PM |
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charon54
My two boys!
Member since 5/05 7279 total posts
Name:
Rebecca
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Re: 30 years ago vs. today
Posted by Meaghan729
i wish they listed the taxes!
Im going to have to find out now how much the median income was on LI thirty years ago...
Ok, I found the information for Nassau/Suffolk Counties for 1980 from the 1980 census.
It's a difficult report to read, but it looks like the median household income was $21,000. For prospective in 2000 it is $43,000.
(no guarantee that the numbers are exact, because I may be reading the report wrong, but it seems to make sense.)
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| Posted 8/11/06 7:50 PM |
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