How much money are you able/willing to spend on a house on Long Island

AmyKay Posted: Apr 13, 2004 08:18 AM

How much money are you able/willing to spend on a house on Long Island

kpny622 Posted: Apr 13, 2004 08:51 AM

Re: How much money are you able/willing to spend on a house on Long Island

Is less than 300K an option at this point? I wish! In most of the areas we want to live, we've seen only tiny houses in horrible condition on very small property - all for over 400K! We often wonder, what do all these people buying houses do for a living that they have 100K saved to put a down payment on a half million dollar house? I want that job! It is extremely depressing.

Teri Posted: Apr 13, 2004 09:34 AM

Re: How much money are you able/willing to spend on a house on Long Island

Unfortunately, I don't think I've seen any house even available in the areas we're looking in Nassau for under $390K or so.....and that's really the bottom of the barrell from what we've seen.

The houses we're looking at are all $425K and above.

070502 Posted: Apr 13, 2004 12:40 PM

Re: How much money are you able/willing to spend on a house on Long Island

I think under 3 would be hard my parents just sold there home for 370 I think which was a steal because they want out of NY our neighbors sold there house for 450.

I think the lowest on LI you can go is 350 and if your lucky you'll get a nice couple who just wants out and doesn't need a bidding war!

Kelly9904 Posted: Apr 13, 2004 01:05 PM

Re: How much money are you able/willing to spend on a house on Long Island

It really depends on where you are looking on LI.
Under 300K is a stretch unless you want a really fixer-upper. But we bought our house for under 350k and it needs almost no work but its out in eastern suffolk-Centereach.