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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: Somethings gotta give, right?
[
And now that you say that, my friend is a family of 4, her husband makes about 65k a year, they own a home and the wife works a pt job They do it. They also hardly spend but they do it..
good for them- I never could, never would and don't want to
like I said- it can be done- but I doubt it's fun-
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Posted 7/7/06 11:38 AM  |
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schnapy
LIF Adolescent
Member since 9/05 766 total posts
Name:
Diana
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Re: Somethings gotta give, right?
Posted by Beth1210
Posted by schnapy
Posted by Beth1210
sorry, I should have clarified... $76K is the avg HOUSEHOLD income on LI
Living on $4K a month with a family of 4 on LI is really hard
g-d bless anyone that can do it- I doubt it's fun
How many of us complaining about the prices are a family of four..,.. Ill cross that bridge when I get to it..
were taking AVERAGE- that's the average family size
personally - I don't fall into the average category- and I am not rushing out to buy an over priced 40 year old- so go this really doesn't effect me either way-
I might buy a house herr next year- or I might move down to Florida- like the rest of my family- I hate the winter-
I understand average but who cares about average... Most people are 2 income families new home buyers with no kids. My point is yes the houses are over priced yes the houses stink. But people can afford them not all but if you want to you can.
Its what you really want..
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| Posted 7/7/06 11:40 AM |
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schnapy
LIF Adolescent
Member since 9/05 766 total posts
Name:
Diana
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Re: Somethings gotta give, right?
Posted by Beth1210
[
And now that you say that, my friend is a family of 4, her husband makes about 65k a year, they own a home and the wife works a pt job They do it. They also hardly spend but they do it..
good for them- I never could, never would and don't want to
like I said- it can be done- but I doubt it's fun-
But you cant say people cant afford it, they can
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| Posted 7/7/06 11:40 AM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: Somethings gotta give, right?
Posted by schnapy
Posted by SweetestOfPeas
Posted by charon54
I have been debating this alot with my friends lately. My reasoning for staying here is that my friends and family are here. What's the point of owning a brand new house if I have no one to share it with. Plus when you move out of state you don't know what the areas are like, what the schools are like, etc. (unless you know someone who already lives there).
And I don't agree that everyone on Long Island lives paycheck to paycheck to own a house.
well if the avg salary on LI is $76K and the avg house costs $422K, how is it that the average Long Islander buying a house today would not be living check to check?
thats with one person. thats about 4000k take home a month, approx. if its a 2 person income and they make the same thats about 8k a month. if you cant pay a mortgage on 8k a month coming in. Something is wrong
ok - a $300,000 mortgage is roughly $2,000 per month for 30 years at 7%.
$7k in property taxes = $583 more per month
insurance, say $200 a month.
now we are at $2,783 and we havent eaten, taken a shower, or used any electricity!
the average HOUSEHOLD income is $76k, which is about $4k a month as you said.
so you have $1,217 per month to eat, heat, drive to work. and dont forget, you put $99K down on a fixer upper, which will have a leaky roof, probably need a new boiler, etc.
seem more fair?
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| Posted 7/7/06 11:43 AM |
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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: Somethings gotta give, right?
Posted by schnapy
Posted by Beth1210
[
And now that you say that, my friend is a family of 4, her husband makes about 65k a year, they own a home and the wife works a pt job They do it. They also hardly spend but they do it..
good for them- I never could, never would and don't want to
like I said- it can be done- but I doubt it's fun-
But you cant say people cant afford it, they can
I said it would be tough- and not fun- you said they don't spend an extra money- and to me that 's not fun
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| Posted 7/7/06 11:44 AM |
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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: Somethings gotta give, right?
Posted by Beth1210
sorry, I should have clarified... $76K is the avg HOUSEHOLD income on LI
Living on $4K a month with a family of 4 on LI is really hard
g-d bless anyone that can do it- I doubt it's fun
I am quoting myself- I never said it couldn't be done on $65K
personally I make alittle more then that myself and I don't see how I am buying a house with out the help of my DH
I also have a huge car payment that most people would freak over- but that is my choice-
I don't pay any rent and wont pay for any of the mortgage payment- some people are happy to pinch pennies- I never have been and never will be-
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| Posted 7/7/06 11:47 AM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: Somethings gotta give, right?
Posted by Palebride
Posted by SweetestOfPeas
but mom was a SAHM. not very possible these days, not here anyway.
I didn't realize that being a SAHM was being debated as well.
why shouldn't it be? my mom was able to stay home and raise her kids - and I am SO happy she was able to do that!! If I want to be a SAHM now, no chance in hell we could afford that here.
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| Posted 7/7/06 11:52 AM |
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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: Somethings gotta give, right?
Seriously...I sit back and read the same debates over and over...
Yes, housing prices are high in LI/NYC Metro area...they're completely totally rediculous...
Do I hope the prices are going to go down...HECK YEAH!
Do I want to stay on LI...Of course! My priorities...(like what was posted somewhere in here...) is family! Sure...I could go to TX, GA, KS wherever and have a HUGE house, very cheap with cheap taxes...HECK...I could and do have that upstate, but I prefer the lifestyle on LI, the family here, etc.
So I'm staying...saving...doing whatever possible to keep us living here.
Like I had on my avatar...NY - Love it or Leave it!
and...as I posted on the guilty homeowner thread not everyone who cannot afford a home spends their money crazy.
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| Posted 7/7/06 11:55 AM |
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schnapy
LIF Adolescent
Member since 9/05 766 total posts
Name:
Diana
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Re: Somethings gotta give, right?
Posted by Meaghan729
Posted by schnapy
Posted by SweetestOfPeas
Posted by charon54
I have been debating this alot with my friends lately. My reasoning for staying here is that my friends and family are here. What's the point of owning a brand new house if I have no one to share it with. Plus when you move out of state you don't know what the areas are like, what the schools are like, etc. (unless you know someone who already lives there).
And I don't agree that everyone on Long Island lives paycheck to paycheck to own a house.
well if the avg salary on LI is $76K and the avg house costs $422K, how is it that the average Long Islander buying a house today would not be living check to check?
thats with one person. thats about 4000k take home a month, approx. if its a 2 person income and they make the same thats about 8k a month. if you cant pay a mortgage on 8k a month coming in. Something is wrong
ok - a $300,000 mortgage is roughly $2,000 per month for 30 years at 7%.
$7k in property taxes = $583 more per month
insurance, say $200 a month.
now we are at $2,783 and we havent eaten, taken a shower, or used any electricity!
the average HOUSEHOLD income is $76k, which is about $4k a month as you said.
so you have $1,217 per month to eat, heat, drive to work. and dont forget, you put $99K down on a fixer upper, which will have a leaky roof, probably need a new boiler, etc.
seem more fair?
Im an optimist, I say if thats your situation and you want it that bad, youll take a second job.... Call me crazy.
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| Posted 7/7/06 11:55 AM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: Somethings gotta give, right?
Posted by Meaghan729
Posted by schnapy
Posted by SweetestOfPeas
Posted by charon54
I have been debating this alot with my friends lately. My reasoning for staying here is that my friends and family are here. What's the point of owning a brand new house if I have no one to share it with. Plus when you move out of state you don't know what the areas are like, what the schools are like, etc. (unless you know someone who already lives there).
And I don't agree that everyone on Long Island lives paycheck to paycheck to own a house.
well if the avg salary on LI is $76K and the avg house costs $422K, how is it that the average Long Islander buying a house today would not be living check to check?
thats with one person. thats about 4000k take home a month, approx. if its a 2 person income and they make the same thats about 8k a month. if you cant pay a mortgage on 8k a month coming in. Something is wrong
ok - a $300,000 mortgage is roughly $2,000 per month for 30 years at 7%.
$7k in property taxes = $583 more per month
insurance, say $200 a month.
now we are at $2,783 and we havent eaten, taken a shower, or used any electricity!
the average HOUSEHOLD income is $76k, which is about $4k a month as you said.
so you have $1,217 per month to eat, heat, drive to work. and dont forget, you put $99K down on a fixer upper, which will have a leaky roof, probably need a new boiler, etc.
seem more fair?
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| Posted 7/7/06 11:55 AM |
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Palebride
I am an amazing bakist
Member since 5/05 13673 total posts
Name:
Lori
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Re: Somethings gotta give, right?
Posted by SweetestOfPeas
Posted by Palebride
Posted by SweetestOfPeas
but mom was a SAHM. not very possible these days, not here anyway.
I didn't realize that being a SAHM was being debated as well.
why shouldn't it be? my mom was able to stay home and raise her kids - and I am SO happy she was able to do that!! If I want to be a SAHM now, no chance in hell we could afford that here.
I never said it shouldn't be - I just thought we were talking about the expensive LI housing market.
No one mentioned being a SAHM and affording a house.
Both of my parents worked throughout my childhood and I am SO happy they were able to do that as well. And that is how I plan on raising my family.
Again, these are all personal choices. None of them are right OR wrong!
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| Posted 7/7/06 11:56 AM |
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schnapy
LIF Adolescent
Member since 9/05 766 total posts
Name:
Diana
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Re: Somethings gotta give, right?
Posted by Beth1210
Posted by Beth1210
sorry, I should have clarified... $76K is the avg HOUSEHOLD income on LI
Living on $4K a month with a family of 4 on LI is really hard
g-d bless anyone that can do it- I doubt it's fun
I am quoting myself- I never said it couldn't be done on $65K
personally I make alittle more then that myself and I don't see how I am buying a house with out the help of my DH
I also have a huge car payment that most people would freak over- but that is my choice-
I don't pay any rent and wont pay for any of the mortgage payment- some people are happy to pinch pennies- I never have been and never will be-
When I said you , I was addressing the group Sorry. You dont have to pinch pennies. And to each his own.
My point is just like you said, you want an expensive car fine, Id rather have a ****** house thats mine than have a high car payment.. Thats all I was saying, In the end its what you are reallyu looking for
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| Posted 7/7/06 11:57 AM |
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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: Somethings gotta give, right?
Im an optimist, I say if thats your situation and you want it that bad, youll take a second job.... Call me crazy.
as someone whose Dad worked 2 jobs and Mom worked 1- I don't think that is the answer
my Dad left my dance recitale to go sell a house- to pay for college, vacations etc
both my parents were teachers- never bought crazy things, my mom rarely got a new car and if she did she drove it till it died or one of us killed it
I would have loved to see my Dad more when growing up and when my Mom got sick she realized that she wished she would have been able to spend more time with the people who mattered- and not rushed back to work after having us- but she couldn't stay home- I would like to-
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| Posted 7/7/06 11:59 AM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: Somethings gotta give, right?
Posted by Palebride
Posted by SweetestOfPeas
Posted by Palebride
Posted by SweetestOfPeas
but mom was a SAHM. not very possible these days, not here anyway.
I didn't realize that being a SAHM was being debated as well.
why shouldn't it be? my mom was able to stay home and raise her kids - and I am SO happy she was able to do that!! If I want to be a SAHM now, no chance in hell we could afford that here.
I never said it shouldn't be - I just thought we were talking about the expensive LI housing market.
No one mentioned being a SAHM and affording a house.
Both of my parents worked throughout my childhood and I am SO happy they were able to do that as well. And that is how I plan on raising my family.
Again, these are all personal choices. None of them are right OR wrong!
they are personal choices. and mine would be to stay at home and raise my kid/s, but I can't afford that here because of housing costs.
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| Posted 7/7/06 12:01 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: Somethings gotta give, right?
My point is just like you said, you want an expensive car fine, Id rather have a ****** house thats mine than have a high car payment.. Thats all I was saying, In the end its what you are reallyu looking for
I want a nice house also- the car isn't standing in my way from having it
my DH is- he wont buy me a house until next year- I know his reasons and I agree with him
I wanted to buy last year and he said wait, be pateiance- and you will get what you want-
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| Posted 7/7/06 12:02 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: Somethings gotta give, right?
Posted by SweetestOfPeas
Posted by Palebride
Posted by SweetestOfPeas
Posted by Palebride
Posted by SweetestOfPeas
but mom was a SAHM. not very possible these days, not here anyway.
I didn't realize that being a SAHM was being debated as well.
why shouldn't it be? my mom was able to stay home and raise her kids - and I am SO happy she was able to do that!! If I want to be a SAHM now, no chance in hell we could afford that here.
I never said it shouldn't be - I just thought we were talking about the expensive LI housing market.
No one mentioned being a SAHM and affording a house.
Both of my parents worked throughout my childhood and I am SO happy they were able to do that as well. And that is how I plan on raising my family.
Again, these are all personal choices. None of them are right OR wrong!
they are personal choices. and mine would be to stay at home and raise my kid/s, but I can't afford that here because of housing costs.
Now no one loves you more than I do.. , but...if that's honestly truly what you want to do....move. It's not going to happen anytime soon on LI.
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| Posted 7/7/06 12:03 PM |
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schnapy
LIF Adolescent
Member since 9/05 766 total posts
Name:
Diana
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Re: Somethings gotta give, right?
Posted by Beth1210
Im an optimist, I say if thats your situation and you want it that bad, youll take a second job.... Call me crazy.
as someone whose Dad worked 2 jobs and Mom worked 1- I don't think that is the answer
my Dad left my dance recitale to go sell a house- to pay for college, vacations etc
both my parents were teachers- never bought crazy things, my mom rarely got a new car and if she did she drove it till it died or one of us killed it
I would have loved to see my Dad more when growing up and when my Mom got sick she realized that she wished she would have been able to spend more time with the people who mattered- and not rushed back to work after having us- but she couldn't stay home- I would like to-
WE are talking about affording.... My point is one can afford its all about what you really want.. Thats all Im saying. My child life sucked too mom was a maid dad mason. They struggled also but they wanted to live on long island and they did, we went with out.. Thats fine.
But I look at them as inspiration they both came hre in their 30s my mom cleaned houses, dad laid bricks, neither had an education past elementary school, they couldnt read or write in english. But they were able to buy their 2nd home on li.. I would be embarrased if I college educated, make more than either one of my parents ever did, ever dare say to them I couldnt afford a house on LI. If they could I def can..,
JMO..
There are always 2 sides to everything, I wish you luck
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| Posted 7/7/06 12:04 PM |
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schnapy
LIF Adolescent
Member since 9/05 766 total posts
Name:
Diana
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Re: Somethings gotta give, right?
Posted by Beth1210
My point is just like you said, you want an expensive car fine, Id rather have a ****** house thats mine than have a high car payment.. Thats all I was saying, In the end its what you are reallyu looking for
I want a nice house also- the car isn't standing in my way from having it
my DH is- he wont buy me a house until next year- I know his reasons and I agree with him
I wanted to buy last year and he said wait, be pateiance- and you will get what you want-
I didnt say it was standing in your way.. Im just saying in general trade offs.. Thats all...
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| Posted 7/7/06 12:05 PM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: Somethings gotta give, right?
Posted by schnapy
Posted by Beth1210
Im an optimist, I say if thats your situation and you want it that bad, youll take a second job.... Call me crazy.
as someone whose Dad worked 2 jobs and Mom worked 1- I don't think that is the answer
my Dad left my dance recitale to go sell a house- to pay for college, vacations etc
both my parents were teachers- never bought crazy things, my mom rarely got a new car and if she did she drove it till it died or one of us killed it
I would have loved to see my Dad more when growing up and when my Mom got sick she realized that she wished she would have been able to spend more time with the people who mattered- and not rushed back to work after having us- but she couldn't stay home- I would like to-
WE are talking about affording.... My point is one can afford its all about what you really want.. Thats all Im saying. My child life sucked too mom was a maid dad mason. They struggled also but they wanted to live on long island and they did, we went with out.. Thats fine.
But I look at them as inspiration they both came hre in their 30s my mom cleaned houses, dad laid bricks, neither had an education past elementary school, they couldnt read or write in english. But they were able to buy their 2nd home on li.. I would be embarrased if I college educated, make more than either one of my parents ever did, ever dare say to them I couldnt afford a house on LI. If they could I def can..,
JMO..
There are always 2 sides to everything, I wish you luck
and my mother was a waitress and father a truck driver....and they were able to buy their first house in their early twenties - my mom said one of my dads paychecks went to the mortgage and taxes....i wish one of my paychecks could cover the cost of my to be mortgage! and they didnt go past high school and FH has a masters degree and I am pursuing mine now - so you are making my point for me on how out of hand housing prices are!
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| Posted 7/7/06 12:07 PM |
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schnapy
LIF Adolescent
Member since 9/05 766 total posts
Name:
Diana
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Re: Somethings gotta give, right?
Posted by Meaghan729
Posted by schnapy
Posted by Beth1210
Im an optimist, I say if thats your situation and you want it that bad, youll take a second job.... Call me crazy.
as someone whose Dad worked 2 jobs and Mom worked 1- I don't think that is the answer
my Dad left my dance recitale to go sell a house- to pay for college, vacations etc
both my parents were teachers- never bought crazy things, my mom rarely got a new car and if she did she drove it till it died or one of us killed it
I would have loved to see my Dad more when growing up and when my Mom got sick she realized that she wished she would have been able to spend more time with the people who mattered- and not rushed back to work after having us- but she couldn't stay home- I would like to-
WE are talking about affording.... My point is one can afford its all about what you really want.. Thats all Im saying. My child life sucked too mom was a maid dad mason. They struggled also but they wanted to live on long island and they did, we went with out.. Thats fine.
But I look at them as inspiration they both came hre in their 30s my mom cleaned houses, dad laid bricks, neither had an education past elementary school, they couldnt read or write in english. But they were able to buy their 2nd home on li.. I would be embarrased if I college educated, make more than either one of my parents ever did, ever dare say to them I couldnt afford a house on LI. If they could I def can..,
JMO..
There are always 2 sides to everything, I wish you luck
and my mother was a waitress and father a truck driver....and they were able to buy their first house in their early twenties - my mom said one of my dads paychecks went to the mortgage and taxes....i wish one of my paychecks could cover the cost of my to be mortgage! and they didnt go past high school and FH has a masters degree and I am pursuing mine now - so you are making my point for me on how out of hand housing prices are!
They are out of hand, but I was saying after looking at my parents, I would be caught dead saying that I couldnt afford a house on LI'
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| Posted 7/7/06 12:09 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: Somethings gotta give, right?
[
They are out of hand, but I was saying after looking at my parents, I would be caught dead saying that I couldnt afford a house on LI'
it's a different time and place now- you can't compare LI 20 or 30 years ago to now
my parents moved here from Queens in 1972- the roads didn't even have double yellow lines
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| Posted 7/7/06 12:12 PM |
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charon54
My two boys!
Member since 5/05 7279 total posts
Name:
Rebecca
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Re: Somethings gotta give, right?
Posted by Colleen9304
Posted by SweetestOfPeas
Posted by charon54
I have been debating this alot with my friends lately. My reasoning for staying here is that my friends and family are here. What's the point of owning a brand new house if I have no one to share it with. Plus when you move out of state you don't know what the areas are like, what the schools are like, etc. (unless you know someone who already lives there).
And I don't agree that everyone on Long Island lives paycheck to paycheck to own a house.
well if the avg salary on LI is $76K and the avg house costs $422K, how is it that the average Long Islander buying a house today would not be living check to check?
B/c average's are just that. My house cost less than the "average" and while my salary is less than the "average", combined we make close to triple the "average". You shouldn't look at what everyone else has but rather what you can afford. Jmo.
That's exactly what I would have said.
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| Posted 7/7/06 12:16 PM |
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MrsA
.............................
Member since 1/06 2012 total posts
Name:
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Re: Somethings gotta give, right?
Posted by lorich
Seriously...I sit back and read the same debates over and over...
Yes, housing prices are high in LI/NYC Metro area...they're completely totally rediculous...
Do I hope the prices are going to go down...HECK YEAH!
Do I want to stay on LI...Of course! My priorities...(like what was posted somewhere in here...) is family! Sure...I could go to TX, GA, KS wherever and have a HUGE house, very cheap with cheap taxes...HECK...I could and do have that upstate, but I prefer the lifestyle on LI, the family here, etc.
So I'm staying...saving...doing whatever possible to keep us living here.
Like I had on my avatar...NY - Love it or Leave it!
and...as I posted on the guilty homeowner thread not everyone who cannot afford a home spends their money crazy.
I agree, I lived at home till I was married so I never complained about the prices of homes till DH and I started to look for one..For awhile Id look at homes in TX,GA,FL,etc and think what pple put DOWN on their homes here could buy you great things somewhere else..but like Lori said, NY is what it is. There is still SOooo much land out there in other states so ofcourse houses will cost less!! In NY esp LI, land is scarce so you have to pay much more! I know pple that paid like $600k for the LAND and then only spent $300k for a HUGE BEAUTIFUL HOUSE!
DH and I would only leave if our family left, and I know thats not going to happen. So we are buying a house here. It is definitely NOT our dream home, but it was the area we wanted and close to family and friends which is our priority so we are beyond happy right now..I dont want a huge castle in another state w/o my parents or sisters around to visit.
We can complain all we want but the situation is what it is here, so we can deal with it however we choose or consider moving out of NY.
Message edited 7/7/2006 12:23:06 PM.
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| Posted 7/7/06 12:22 PM |
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schnapy
LIF Adolescent
Member since 9/05 766 total posts
Name:
Diana
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Re: Somethings gotta give, right?
Posted by Beth1210
[
They are out of hand, but I was saying after looking at my parents, I would be caught dead saying that I couldnt afford a house on LI'
it's a different time and place now- you can't compare LI 20 or 30 years ago to now
my parents moved here from Queens in 1972- the roads didn't even have double yellow lines
I know but my parents made nothing years ago and to this day.. They sacrificed one way or another
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| Posted 7/7/06 12:22 PM |
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SweetTooth
I'm a tired mommy!
Member since 12/05 20105 total posts
Name:
Lauren
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Re: Somethings gotta give, right?
We should also not generalize NY as being expensive- its just the areas close to the city. My DH is from upstate and his brother bought a beautiful house for 150k. His mortgage payments with taxes are almost half our rent on our tiny queens apartment.
So you could move upstate too, not just down south.
The house prices here are so frustrating they make me want to cry. I want to stay here because my friends and family are here but the fact combined we make pretty decent money and can't even afford to buy a decent house kills me. I always dreamed that I would get married, buy a house, and have kids. Now I don't think we can buy the house and if we do, I don't know how we would be able to afford kids as well. What kind of place is it where I have to choose between buying a house or having children?
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| Posted 7/7/06 12:24 PM |
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