I keep seeing a trend on Long Island – young 20 somethings are not able to afford the cost of housing. I think beautiful, affordable housing would be a wonderful idea.
Posted in: Residential Tagged: downtown living, gen y
Submitted by Ash September 3, 2012 (last changed October 15, 2012)
What do you guys think about this? Artist communities in a revitalized Patchogue. http://www.nytimes.com/2011/03/13/realestate/13Long-Island-artspace.html?_r=0
20 something? I am 57 and I can no longer afford this place. My home value has colapsed to a point that I can not move and I can not afford the Taxes after being a good community member for 57 years! Avalon Bay to built Affordable housing pricing at $510,000 really? 2 bedroom apartments $2,100-2,300, 3 bedrooms $2,00-3,200 affordable really? This is a joke.
yeah, this is a great idea!
The desires and needs of Generation Y is well said here: “They haven’t built up their wealth to buy yet, and with the economic downturn, 30% are unemployed. School debt is also much larger, averaging $23,000, and banks now loan to people that can actually pay them back. It also means sharing apartments via multiple bedrooms to split the rent. They’re also delaying marriage, so no single-family suburban home with white picket fence.” http://www.cooltownstudios.com/2010/12/03/for-gen-y-its-not-about-the-dream-home-but-the-dream-hood
It’s not just young people who are leaving. There are plenty of people in my age range who have already left due to the cost of living and housing on Long Island, and more than once I’ve been very close to joining that club because it seems that despite the high taxes, we don’t have the standard of living that one would think comes along with those taxes. Yes, Huntington Station has more affordable freestanding single family homes than some other areas, but the lower home values in the areas closer to NY Ave. and the train station only reflect the undesirability of these areas. I own my home 15 years, and prior to my buying here, there was a lot of talk about revitalization of the NY Ave. corridor, but I still havent seen any meaningful, comprehensive efforts in that area. Huntington Station doesn’t need to be Huntington Village, but it sure can be much more than it is right now. Several years ago, I watched as some areas in Nassau experienced a renaissance, including Post Ave. in Westbury, which was very run down with a lot of empty stores, which is not the case now.
I think the idea of taxpayer type occupancys with apartments above would be a great idea to bring local demand for businesses and provide affordable housing for young professionals who can then walk to the train station for commuting to the big city.
I lived here in the 70s and I came back because HS already has reasonable housing prices…there are plenty of homes in the mid 100s…many of them I looked at with my realtor, there are beautiful older homes which have been divided up into 2 and 3 “apartments”. I looked at one with a bed in the dining room, this was an “apartment”. I bought a house which cost 200k with taxes in the mid 5k range. It needs work. Nothing’s been updated since probably the 60s. My point is if homebuyers don’t demand inground pools, granite and stainless steel trappings and estate-like properties there is plenty of affordable housing already.
It’s time that we stop the hemoraghing of young people from Huntington. We spend $25,000 a year to educate them in our public schools and then, after spending $300k per kid, grades K-12,they have to leave because they can’t afford or find housing here.
Where else can young lawyers, engineers, nurses, police, etc. afford to live on Long Island where we would want to live? Patchogue has the right ideas, but they aren’t big enough for all of us, and it would be nice to live and work close together for a short commute.
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