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I thought I saw a post here about townhouses going up in Oyster Bay

Maribelle7777 Posted: Oct 11, 2004 04:16 PM+

Maribelle7777 MEMBER SINCE: 5/03 TOTAL POSTS : 5699 WEDDING DATE: Apr 30, 2004

Posted: Oct 11, 2004 04:16 PM

I thought I saw a post here about townhouses going up in Oyster Bay

and I asked my friend about it who lives in OB and she said you have to make a combined salary of $86,000 to get it.

Here's my question(s):
If DH was off the books until a month ago, and now w/ new job he is on the books, will a mortgage co. look at just what he made in 2004 or will they say 'well it's a new job so we will take your weekly salary and multiply that by 52 weeks to get your yearly salary' and use *that* figure?

Or.....will they just take my salary into consideration...I make less than $86,000 but if we combine it with DH salary it will be more.

I hope I am making sense. TIA.

bridget&jimmy Posted: Oct 11, 2004 04:20 PM+

bridget&jimmy MEMBER SINCE: 6/03 TOTAL POSTS : 2571 WEDDING DATE: Nov 19, 2005

Posted: Oct 11, 2004 04:20 PM

Re: I thought I saw a post here about townhouses going up in Oyster Bay

They ask for paystubs at your recent job and then determine what you will make for the year.

Maribelle7777 Posted: Oct 11, 2004 07:14 PM+

Maribelle7777 MEMBER SINCE: 5/03 TOTAL POSTS : 5699 WEDDING DATE: Apr 30, 2004

Posted: Oct 11, 2004 07:14 PM

Re: I thought I saw a post here about townhouses going up in Oyster Bay

Ah I thought so. Thanks.

anjerandunder Posted: Oct 12, 2004 07:52 AM+

anjerandunder MEMBER SINCE: 7/04 TOTAL POSTS : 2478 WEDDING DATE: Jun 04, 2005

Posted: Oct 12, 2004 07:52 AM

Re: I thought I saw a post here about townhouses going up in Oyster Bay

can someone tell me more about these townhouses..fh's children live in ob and we would love to get something over there even though we just bought in smithtown..tia

Summerbride04 Posted: Oct 12, 2004 08:36 AM+

Summerbride04 MEMBER SINCE: 3/04 TOTAL POSTS : 1472 WEDDING DATE: Jul 24, 2004

Posted: Oct 12, 2004 08:36 AM

Re: I thought I saw a post here about townhouses going up in Oyster Bay

I'd like more info too. Is there a website?

Maribelle7777 Posted: Oct 12, 2004 12:32 PM+

Maribelle7777 MEMBER SINCE: 5/03 TOTAL POSTS : 5699 WEDDING DATE: Apr 30, 2004

Posted: Oct 12, 2004 12:32 PM

Re: I thought I saw a post here about townhouses going up in Oyster Bay - article was in Newsday last week

go to newsday.com
on left column (very left) scroll down to 'archives'
then in search box put in

oyster bay affordable housing

The first article should be the one. However you have to pay for the full text. Or just look at the date and if you get Newsday you can check that day's paper or go to your local library and read it there - I'm sure most if not all libraries will keep last week's issues stored.

Mary

chmlengr Posted: Oct 12, 2004 11:37 PM+

chmlengr MEMBER SINCE: 6/01 TOTAL POSTS : 4078 WEDDING DATE: May 11, 2002

Posted: Oct 12, 2004 11:37 PM

Re: I thought I saw a post here about townhouses going up in Oyster Bay

Not sure if this is what your talking about, but after you read this article, I don't think you will call it affordable housing!

The housing is only proposed housing that they want to build on the site of the old Hallock Chevorlet dealership. They are going to be studio, 1 and 2-bedroom rentals. Rents for the apartments are for a studio, $1,500; one bedroom apartment, $2,250; two bedroom apartment, $3,000. Here's the article from our local paper (I live near there):

Oyster Bay article