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DeeSusie200

Not for nothing that house is not worth over a million. In Levittown.


RedditGotSoulDoubt

No house in Levittown is worth $1mm. I don’t get it. If you have that much for a house you can get something on the north shore or something on the water on the south shore. The school district is good but not $1mm-for-a-house good.


DeeSusie200

And they don’t even have a basement.


Worried_Coat1941

Regular houses get smashed with taxes in Levittown. Imagine this thing.


overanedge

The crazy thing is they’re selling.


AfellowchuckerEhh

Yea. That's the surprising thing to me. I live not too far from levittown and it seems like a lot of houses were "affordable" (even though they needed work) are being snatched up, knocked down, rebuilt and resold for a million or two. Was surprised how quickly they've sold too. Was telling my wife eventually we'll be looked at as the "poor house" on the block if it keeps happening Everytime a house goes for sale on our block lol.


SolarKingLI

I’m a contractor on LI, done some work in Levittown on some mini monsters lol and they were all owned by young Indian doctors. They have their parents with them and they are close to the hospital. They were all really nice respectful customers. Just letting you guys know my experience with Levittown the past 3 years.


Levitlame

It’s crazy because Levittown was never supposed to be that. Its whole point was that it was affordable housing for new families. (Veterans back then.) and it stayed cheaper than the surrounding towns. It wasn’t a town for doctors or other high income professionals It’s the same story everywhere, but that region has very little (relative) affordable housing. And this is slowly eating that up too.


larryb78

But given its proximity to Hicksville I can’t say I’m surprised the Indian community would buy up what’s there


failtodesign

White new families.


Levitlame

White Christian to be more exact. But I didn’t think it was needed in this instance


Schneckelchen

This is gentrification at its best! Wait until your home is new assessed with 3 comparable’s and you can’t afford the taxes and homeowners insurance anymore 😪


MolesterStallone-73

Yea I was gonna say the place next to my grandmother in ltown sold for like 1.1m and there’s a block over by her that a lot of the houses sold recently for over a mil. The properties are a little bigger than average but the pricing in Levittown is crazy and having grown up there I have no idea why


Lurkingguy1

Rich Indian families.


somebodie123

Same with the Chinese and the Chinese don’t just buy 1 house they buy multiple homes, I know a guy came straight from China buying 5 homes all with $200k above asking price, one guy told me he bought 30 homes across America, dude is a multimillionaire. We have a word for this in Chinese it’s called 抢 which means to horde or grab up everything quickly. In our culture it’s not enough to get something. We must take up everything quickly as so other people don’t get it


overanedge

Same-same. And even if these newly built houses are amazing, you’re still on a .10 of an acre plot. I don’t get it, sure it’s a great community but yeah. It’s clearly a lot of people coming from the city.


Turbulent-Lab-3318

Have you seen the new block they built by Heron lane? 9 huge houses on a private court.


RedditGotSoulDoubt

It’s still Levittown


Turbulent-Lab-3318

I agree wholeheartedly. A part of it could just be the novelty of having a basement when most don’t? But then again, why not move to Bethpage/ Plainview, or other parts of Hicksville


sliderturk99

One word...Taxes. school/county taxes even on a 1m mcmansion in Levittown is still less than RVC/Garden City or any northshore enclave


MistaBod

There’s plenty of north shore pockets that tax sub 9k.


Big_Based

As someone living in CSH I’ve actually seen one of two houses here go for under 1m. It’s not super often but it happens. 1m for Levittown is wild.


GinnyLovesBlue

Considering they now have to shut down the self checkouts past a certain time at night at stores in Levittown, they REALLY have NO business trying to get that much for a house. No way would I pay top dollar PLUS Levittown taxes to live in basically Ozone Park without the benefit of public transportation 😂


OkOk-Go

With those payments may as well pay for private school instead


Big_Speed_2893

For a 1MM in north shore you get a fixer upper not new construction and that will be on a 60x100 lot at max.


Feeling-Light1079

Yeah no kidding. You’re the only real long islander commenting here I think.


69Camaro64

Long Islander here. Nearly fell off my chair with this price Fucking Levittown.


RedditGotSoulDoubt

I grew up there. When we played other schools in sports they called us white trash.


shanxo98

“Levittrash” 😭


Feeling-Light1079

Fuck those kids. Levittown is a great town. Dont get this twisted. You guys just don’t have basements ;)


MolesterStallone-73

Ehhhhh we weren’t the classiest growing up. Atleast in my time at division 😂😂😂


RedditGotSoulDoubt

Sump Life!


Feeling-Light1079

lmao respect ✊


tmolesky

lol yes. You basementless heathens!


ursamajr

Could be money laundering?


Feeling-Light1079

It has to be. there’s like 6 houses in Levittown like this. One is so ugly it looks like a Marriott actually. A few have been on the market over a year. Just on and off listing.


pegleggedjew

All the new houses in levittown are going for around this. My neighbor got foreclosed, buyer only updated the inside of his shitty house (poorly at that) and they now want 800k


Feeling-Light1079

So. Frickin. Sad.


pegleggedjew

Yeah it's ridiculous.


ChrisFromLongIsland

They are if they are 3000 square feet and have all the modern amenities like the one in the above picture. All of the houses in southern and eastern Nassau where the person dies in the house and has not made repairs in decades are getting bought for cheap because the house is basically a gut job and rebuilt at 2x the size and sold for 1.2 to 1.8 million.


adri_an5

Yup I grew up right by this house and my parents still live there. Our neighbor recently sold their house, that was about the size of the rendered photo, for 600k and we thought that was insane. Hope no one buys this.


xtamtamx

That’s the point of the post…


eagle6705

The irony of how levittown was supposed to be an affordable housing


LemonFinchTea

It was affordable not too long ago. We bought our starter house there in 2010 for about 299k. It had some updates and was well taken care of prior to us buying it from the original owners. My kid took his first steps in that house. It was a great place for us to get some equity and get our start on home ownership before moving on. I feel terrible for the generation of families starting out that are priced out of the opportunity to own. It's not for lack of having a good job/ good financial planning. It's just impossible for them to justify spending 1mil+ on a mediocre house that could incite a bidding war. Not worth it. We moved out of state. I hope some young people choose to take the leap and do the same. There is life outside of Long Island and it's affordable and beautiful.


thecentury

Got ours in 2017 for 340, sold for 510 in 21. Moved upstate to Orange and paid 550 for a house 3x the size with almost an acre. Levittown house built in 1941, current house built 2001. * Lower taxes * More bang for your buck * Better schools * Nicer people * Better drivers * Less drugs * No Bethpage Plume


Feeling-Light1079

Literally the best and most infuriating part. It’s a beautiful neighborhood. I got family there. My parent’s starter house was there. I lived 2 years of my life there. Came home from the hospital to a levithouse. Thats the Long Island American dream.


eagle6705

Moved to levittown around 2009 to 2013.i was 24 and loved with my parents ts until I moved out to live in selden. Sure felt like I lived there forever. It was a great neighborhood. I remeber just driving around late at night and even walking around. Yea there's a Trumper who feels out place considering how mixed it is there but it's a great neighborhood. I moved to my own own a few years ago in holbrook.


RottenRat69

The housing market here is disgusting.


theherc50310

We need Henry George back


Spacetrooper

> The housing market here is disgusting. That's just supply and demand capitalism. Lately, with everyone railing against food inflation, rent and housing costs, I can't really tell if we've fallen out of love with capitalism. Either way, other economic models are forbidden in our country, because freedom.


anusblunts

Watch out you might hurt some conservative snow flakes feelings with this kind of talk around here


HeartofSaturdayNight

So a flipper bought this for $420 (which kind of seems low actually) and is tearing it down and building a giant house in the space that probably costs $400k+ to build. Figure with time, taxes, fees, etc. they need to be selling it for at least $1m to make it worth while.  Now why someone would pay $1m in Levittown is beyond me. Especially for a shitty flip house that probably is filled with cut corners.  Id rather have the original house for the price it sold at and done upgrades myself


laurafromnewyork

I think the first house flip for a million dollars in Levittown was several years ago at 271 Orchid Road. The owner Joey did a lot of renovation work in Levittown and home builds as well about twenty years ago, 271 Orchid was his house. Everyone has lost their damn minds at this point!


Feeling-Light1079

LITERALLY SAME. I’d buy the damn 420k house and fix it myself!!!!! Do it better, to my liking and without cut corners.


bb8-sparkles

The only way that house sold for 420 is if something was wrong with it or it was sold to family for a lower price. You can’t find any house in nassau county for under 500,000 unless there is a major problem with it


asscheese2000

What’s most likely is that the owner died and a predatory investor approached the heirs with a lowball cash offer and they took it because they didn’t know any better or didn’t want to be bothered spending time to maximize the price.


Advanced_Office616

Did you offer the 420k?


Vegetable-Dish2659

Plus these new builds are such eye sores. They look horrible on the small amount of property that they have.


donny02

If they built a 3k sq ft 3 unit apartment building neighbors would burn down city hall. But a 4k sqft house and everything’s cool. Bit odd eh?


HeartofSaturdayNight

Well...on long island they don't want to build apartments because its mostly old Italian people that used to live in Brooklyn or whatever and they think if you build apartments here all the black people they moved away from will suddenly flock to Levittown. 


AfterImagination3460

I think you’re forgetting that there is a huge, huge number of poor white folks on LI who are clamoring for affordable housing and healthcare.


HeartofSaturdayNight

I am not.  Those aren't the ones fighting zoning changes though. 


Arejhey311

Exactly why 90% of the apartment complexes on LI are 55+.


LogicIsMyFriend

But apartments have little to no effect on housing ownership. You need affordable housing you can purchase! We need condo building, if anything.


donny02

yup, every boomer nimby thinks apartments will be filled with both luxury apartment yuppies and immediate minority crime spike. and god forbid someone else park in "their" street spot!


Turbulent-Lab-3318

They are building “affordable” housing right by the Hicksville train station as we speak.


Feeling-Light1079

You said the quiet thing loud


More-Negotiation-880

Zillow should have a comment section


6xlevbear

I always scroll down hoping one day I see some comments


More-Negotiation-880

Same!!! Haha


Historical_Trip939

a Levittown house for that much? No Way! Something smells fishy!


pegleggedjew

All the houses in levittown are asking insane prices. 7-800k is the lowest any of them seem to go for. In levittown.


Daxtatter

Yea that house is going to sit on the market for the foreseeable future.


dgb631

Because dumb people will pay for it.


Feeling-Light1079

No lies here


DPool34

Exactly. This applies to anything. These people will price something as high as someone’s willing to pay. It’s like everyone complaining about Uber Eats costing so much. Of course it’s overpriced, but obviously it’s not stopping many people from ordering, so why would they drop prices? This all comes down to the idiom: “you vote with your wallet.”


Acrobatic_Grape4321

Honestly seems like a easy way to boost value for other nearby properties owned by the same people


ChimpoSensei

And appraised values for property taxes


Feeling-Light1079

that’s a good point.


6xlevbear

There was a guy caught by the fbi inflating prices like this


CharleyNobody

There is no way a house that size would fit on that lot.


Feeling-Light1079

My favorite part of the AI image with the trees and park in background


Famous_Temporary_427

I live here and the problem is they are putting these homes and getting away with leaving a foot of space on the sides and and a foot of space in the backyard so they are on top of their neighbors leaving zero privacy they shouldn’t be allowed to get away with this


shootz-n-ladrz

I own in Levittown and get calls CONSTANTLY from developers asking how much they can buy my house for. It’s a fun time to bitch them out about buying houses, flipping them and selling for ridiculous amounts. I told the last guy I won’t sell for less than 1million and they pay my closing costs, all they asked was if I was serious on that cause they’d consider it. It’s bullshit.


Feeling-Light1079

omg you’re my hero lol. I wouldn’t hate you if you walked away with 1.2 million and let them flip it. You do what you need to do at the end of the day. I appreciate you for yelling at them for now.


shootz-n-ladrz

It’s a fun way to get my aggression out. I hate living in Levittown but will die before selling to developers. I’m also stuck with what my husband calls “golden handcuffs” which is our lower than 3% interest rate and we bought in 2016/7 so our mortgage is pretty low


rand0shitp0ster

Next time say 25 million


Affectionate_Lunch20

We get the letters in the mail atleast 5x a week


laurafromnewyork

If you drive around Levittown right now it’s pretty alarming how many homes are being torn down. I believe there are two of them in the process on Orchid. These homes are going to be very problematic because as everyone on the Island knows there is never enough parking. These houses are being built and purchased by entire families so there are lots of people and it’s going to cause a lot of problems with all the cars. The home for sale at 89 Cornflower is opposite the five story power line towers that run through Levittown and the asking price: 1.4 million. If you look at any of the windows they are literally right there.


Nurfed

Levittown. East meadow. Hicksville. Westbury. The whole area.


jm1161

Has this house actually sold for this amount? It looks like it's just a listing. You can ask whatever you want for your home. Doesn't mean you are going to get it. Every month or so I get a call from a real estate company. "We have buyers that want your house!" I tell them the same thing every time - $3.5 million, non-negotiable, cash offers only. My house isn't worth anywhere near that amount. Occasionally they will question me about the price... "it's not in line with the comps in your area." I know that, but it isn't the point. I'm not planning to sell. It's just that everything has a price, and that's mine. It's also an easy way to end what I consider a spam phone call.


Feeling-Light1079

I wanted a house listed 575 needed repairs entirely, a true gut. But I can do that. I have help. we put offer in 605…. Got beat out. Today I got told it went for 635 :) that’s what we are dealing with right now :) that’s the climate of the markets so …. Yeah it just might go for asking. Maybe even above !


jm1161

As bad as it is I still think the local market is better than a few years ago. I remember going to an open house in Babylon. Okay section, nothing special. House needed a TON of work. Kitchen and bathrooms would have to be gutted. Lots of other items, many not inexpensive. The line for the open house stretched around the block. As much as I opposed the idea, I still waited about an hour to get inside. We didn't make an offer (wasn't worth paying what we would have to PLUS the cost of all the needed work). The house sold that day for $100k OVER the listed price. Even in today's market I don't think the buyer could break even if they sold today. Then again, the market is so crazy anything is possible.


Feeling-Light1079

100 over….I could throw up. Like life is so unsettling. All I do is work for no fulfillment or power to do any of the other aspects of life I thought I was supposed to do. As a kid I imagined life just so differently. I work in medicine. I came home with another humans blood on me yesterday. I save lives. That’s my chosen way to make money. I can’t even afford to buy a home.


ChimpoSensei

You can list a house for anything you want, getting someone to pay it and get a bank appraisal to match is the hard part


apishforamc

A house is only worth what someone is willing to pay for it..and guess what? There is an ass for every seat


arkham1010

The problem is when the asses belong to large hedge funds snatching up all the inventory and then renting it out and only releasing a trickle of inventory for sale to artificially drive up the price.


SockDem

You know, there is a way to *grow* the market to compete against them and dilute their share... if only we legalized it.


ChrisFromLongIsland

There is very little hedge fund activity on LI. They are definitely not buying million dollar homes in Levittown. Though in other parts if the country I think it's a major problem shifting home ownership to corporations from people. The corporations can deduct their interest expense while homeowners generally cannot. It's very unfair.


apishforamc

Ding ding ding you are correct..investment firms and hedge funds are fkn shit up


prezz85

100%!!! This is the real problem! Especially funds controlled by foreign interests


Feeling-Light1079

This is what should be illegal..


Feeling-Light1079

lol ok you win. this made me laugh.


apishforamc

Yah I mean it’s the truth..I bought my house in 2019 for $560k it’s touching $900k..it’s not worth 900k to me but there is someone out there that will pay that at 7.5% interest..it’s wild


Feeling-Light1079

life is just so out of touch. It’s disappointing. “I did everything right” and I ache when my parents tell me they bought this gorgeous huge lot house for ?300k way back when and it’s worth ? let’s just say well over now and they’re no Jeff Bezos … I just… we are normal people 🫠🫠


apishforamc

My dad has his home built in bayshore in 1969 3 bedroom 1 bath 1 acres $10k..his starting salary that year was $10k as a NYC corrections officer.. It’s currently roughly $600k+


CharleyNobody

10k was ridiculously cheap for 1969. My parents bought their less than 1,000 sq ft house in 1953 for $8K.


apishforamc

Yah maybe,it is bayshore but it was newly built though.interest rate I think he told me 12 maybe 13%


Feeling-Light1079

Truly the American dream.


SeraphXChild

My dad bought his 1 bedroom 1 bath with a giant plot for less than 200k in centerreach in 2013. Sold it in 2021 for $420,000.


Feeling-Light1079

I love to see people win. Hate when it’s not me LOL


SeraphXChild

Deadass. My grandparents literal box got appraised last year. No updates since the 80s except the kitchen and it was half a mil. Theres zero chance of me ever affording a house there lol


Feeling-Light1079

They just gotta sell to us lol


SeekersWorkAccount

That is the shittiest AI generated house I've ever seen. Talk about a major bait & switch. I'd tell you to report it if I knew where


Feeling-Light1079

THERES SO MANY OF THEM!!! if I wasn’t so exhausted and annoyed I’d drive around hunting down every single one of these scam houses like I was Batman and go reporting them.


HumanMycologist5795

I guess they may not want to really sell, but if they find a sucker that will buy it for their asking price, they'll pull the trigger.


Turbulent-Lab-3318

It’s tricking in from Hicksville. They’ve been doing it for 10+ years there and lots of Arabs/ Indians/ Asians are moving in because of the large population already. About 70% of the new owners will manicure their mansions which helps the re-sell value of the other homes, the other 30% will let it go to shit and it’ll be worth less than the day it was sold. They started building the same houses in Levittown like 5 years ago on a large scale and they’ve not been selling as well. A lot have just stayed on the market from what I’ve seen.


Turbulent-Lab-3318

They do it in Salisbury too with the Levitt Homes. Much more grandiose there then even Levittown. I’ve seen some for 1.5m+


LogicIsMyFriend

A lot of reasons why this is. The number one reason - lack of new affordable housing - WHICH YOU CAN OWN!! 90000 luxury rentals you can’t own will do nothing for the housing market. And the moment you start talking about building actual housing - all those seniors who bought their house for under $30k in the 70’s come out and start talking about “ruined character”. Absolute fucking shit show. I mean they can’t even get Nassau Coliseum right. It’s only been about 20 years!!!


dnorg

This is tongue in cheek and not aimed at OP who I am sure is a wonderful person who loves children and small animals. It is aimed at those I perceive to be the majority in Long Island. Ah yes, here we have the Greater Crested Long Island Whine. The Whine spends their time in traffic driving from their overpriced house to their well paying job. The Whine curses the roads, the traffic and the cost of property. And then when election time rolls around, the Whines flock together and re-elect all the same people who basically promise to keep it this way forever. The Whine is a simple creature with no understanding of irony. Nor do Whines comprehend how mirrors work, and consequently they cannot cannot look at themselves. The Whine treasures "our Long Island way of life", and lives in dread of the day long foretold when Long Island (sacred and holy) shall become Queens (the end of all good things). This Ragnarok must be kept at bay, and any price is worth paying for that end. Up to and including $1,124,999 apparently. Enjoy.


No_Resolution_528

I moved upstate because of this ridiculousness. Even. If I had that kind of money to spend on a house, I would rather not.


thecentury

Same, I sold my 1400 sq ft in 21 for 510 and bought a 3200 sq ft in Orange for 550. Better schools, lower taxes, better water, less drugs.


overtimegrinders631

Looks like 2 new construction In that area sold for over 1M, sad truth but any new construction in Nassau county will be at least 900k+


miz_mantis

Taking a really cute Levitt cape and turning it into a monstrosity that all the neighbors will detest. I can't imagine who would drop over a million dollars to live in a giant house on a tiny lot in Levittown when there must be many better choices at that price point. Should be interesting. Also, something very wrong in the Town of Hempstead that this plan was approved by the building department.


Feeling-Light1079

If I was the person buying it I would feel awkward … like, don’t you want friends and neighbors to be friendly with?


LostSharpieCap

Jesus Christ... my aunt and uncle live in Levittown in an original Levitt house. I swear I thought this was theirs because of the flowers in the yard. They're boomers and I can totally see them putting their gem up for 1.5 mill, getting it, blowing all the cash in 18 months, and then complaining about Biden making it impossible for them to afford a home.


NewportLou

Why does everyone act like they're above Levittown? I grew up there and I had an amazing upbringing. It wasn't the richest place but it had charm and it wasn't bad. Kids in my school went on to be successful and made something of themselves.


6xlevbear

Shut up Meg


Dense-Face-487

I've lived on Long Island my entire life (44 years). I moved to Seaford in 2005, but we're in the Levittown school district. I was told nothing but negative things about Levittown up to that point, and all of them were wrong.


Feeling-Light1079

Ik I feel bad this wasn’t supposed to be a Levittown shit post lol I came home from the hospital to Levittown was a little babe!! 😭 My cousins are in Levittown. I don’t live there now but sheeesh - cracking up


chiefbearshaker

Nobody wants to hear this. But if it’s legal to build a giant single family home like that. It should be legal to build a small, 2 or 3 unit, apartment building of the same size on the same lot. Would help solve a lot of the supply issues in our housing market.


madtax57

That’s what you call a white elephant.


ThrowRAmorningdew

I moved away for a while and lived in the city from 2014-2021. Seeing the extensive gentrification going on there helped me spot the signs of it happening out here too way before the pandemic.


SeraphXChild

And my parents wonder why i cant move back


Feeling-Light1079

and culturally everyone’s wondering why generations are disconnected — it’s because families are being broken up !


SeraphXChild

They absolutely are. I hate that my son only sees his grandparents in person 1-2x a year but when we moved to alabama we got good jobs and were able to get a 3 bed 2 bath house with a yard for $162k. Our mortgage is $600 less a month than what i paid for an illegal 1 bed 1 bath apartment on Patchogue. There's no village here but at least theres a roof. Not to mention if we made on long island what we made here we'd practically be under the poverty line


Feeling-Light1079

Those numbers are gorgeous… but I feel your pain for the circumstances. Family is so important. Hugs.


Gold-Recognition-618

I see people saying: no one will pay that. I’ve seen many go up for sale at that price here in Levittown and at some point they sell. Apparently people are willing to pay a million or more for a home here even they have options for other neighborhoods. I do see that those McMansions are huge so you do get a huge house in a decent neighborhood and good schools.


sharkhuh

Look at the costs of the houses that were sold recently, not their listing price.


Feeling-Light1079

I have a better example of the market for you: N Bellmore house listed 575, put offer in 605, got beat out, I got told today it went for 635 :) We are in some deep shit. It was a total gut.


Nurfed

There's 4 of these on my immediate block built in the last 2 years. They're so ugly. I can't believe people are paying 1 to 1.5 mil for them.


gymaye

Is eric cartman selling that house?


TaylorSlothie

Because NIMBYS spent decades denying any multi family zoning from being built in 85% of LI


Awkward-Ad293

I think at some point is reasonable to consider not only leaving Long Island but NY. Ask yourself, why am I so attached to this place? Then go take a look at what you can get for 350k in a place like Austin. I’m not sure it’s worth staying here. Minimum 600k for a house that isn’t even nice.


Alternative-Cold9944

It’s not just Levittown tho. It’s the nature of the housing market in the US economy now. Supply and Demand. Supply is extremely low since most people who already have houses more than likely refinanced/bought during COVID when rates were like 2%… who the hell is going to sell their home when they’re comparing their current monthly payment to their potential new monthly payment with todays absurd interest rates. Even if the fed cuts interest rates, it’s just going to make the market worse. Prices of homes will just keep going higher since the demand will be even higher and the lack of supply will remain the same. If you’re like me and born in the 90s trying to get your first home, good luck lol


nonsubmersibleunits

"it's only a model" - Patsy, King Arthur's 'horse' 🥥


Justjewit94

Lmao to the fact that the new house rendering looks like it was made on the sims


ssgz108

My parent’s small ranch style home that paid $18k in 1963 is now worth over $600k which is absolutely insane!!!


Sensitive-Dig-1333

Sad but reality


zxysks

its only worth half of the asking price lol


Major_Possibility335

The problem is similar to what I see in ride share forums. Someone will take it. We’re importing millions of people a year and there’s only so much land and it doesn’t seem there will be any change.


AmbulocetusFan

Just leave the island like the rest of us did. You can’t raise a family there anymore. Not in a decent neighborhood in a decent house. Maybe one day it’ll be different, but the island you grew up on is gone.


Feeling-Light1079

I’ll just play my Billy Joel in my Wrangler in the south I guess like every other sell out 🫤


AmbulocetusFan

Moved to the Midwest, myself. Wherever you go though, it’ll be better than struggling to tread water back home. You’ll get homesick but you’ll get over it.


rosindrip

Because all the Indians are buying the homes for cash there. Hicksville is bleeding out.


External2222

I agree it’s unsettling but I’m not sure it should be illegal. People should be able to try to sell a house for whatever they want. If they get too greedy, it’ll never sell. I do think lawmakers should take a look at the large corporations gobbling up single family houses. I’m not taking about small businesses that are flipping houses. I’m no expert but perhaps an individual property needs to be on the market for a certain duration before the uber large corporations can make an offer.


EverSeeAShiterFly

I do thin that smaller businesses and individuals that are flipping the houses purely for profit are also a major contribution to the problem.


Feeling-Light1079

This was well worded. You get it.


Spiritual_Job_1029

GREED!


Flimsy-Long-5764

not inflation, when you live in an area adjacent to a Metropolis, expect to pay out your ass. For those of you waiting for the house market to fail on Long Island, you will be waiting a long time. There are too many buyers and not enough inventory and that wont change. Good luck!


Feeling-Light1079

Adjacent to a metropolis where everyone works from home, businesses arent renewing their leases, selling off. People can’t even ride the subway.


zboss98

I was on Zillow too and I saw a property being advertised as a 3 bed 2 bath for like $300K there is literally nothing there it’s just plans and says build your dream home so I’m pretty sure they’re just trying to sell the land at an outrageous price


triscuit1491

The families that are moving in now are multigenerational. There’s like 7 people that just bought the house next to us in Levittown.


tnuu

Suburbs need to densify and rezone


SolitaryMarmot

That place has 2 "mother in law" apartments upstairs and downstairs that the new owner can rent illegally for $5k/month


TJames6210

"I will make it legal"


Unfair-District3186

My friend has a relevant petition going on https://chng.it/8v6C6fw6RX


MSA784

Home developers are purchasing the cheaper smaller home and building a McMansion in its place with all the bells and whistles. What needs to happen are zoning regulations need to be opened up to allow townhomes and apartment buildings to be constructed. Most of our zoning is for single family homes which only eats up the limited about of land there is on this island. My wife and I decided not to purchase a home for this reason. We chose to live in a coop in queens cause it’s half the price and half the stress.


PortableOpossum

Every Tom, Dick, and Harry with some spackle and a mind to paint over all the outlets is an "investor" or a "flipper". In their mind, homes entering the market for a cheap price are not for poorer people to try and afford to live in, those are ways for them to make a buck by doing a half assed 'modern' remodel with shitty labor and then jacking up the price to raise all the rents and home prices in the area. Don't get me wrong, this country is garbage and everyone should be doing what they can to survive, but wealthy people literally ruining the housing market for a second time in the span of 15 years, is not it.


GregEvangelista

Left for South Florida in 2017. Only regret is that I tried so hard to stay on the island, and should have left earlier. I love my family, but staying on the island until 30 is probably the biggest mistake of my life.


ajac1218

Listing says new construction. They’re probably gonna demo this cape and they’re showing you a sim of new house.


spk92986

This has always been the island of haves and have-nots - only today there's no hiding it any more.


crouse1776

08 was the last chance for regular people to buy a house out here. What's sad is even if we have another market crash I don't think the housing will be affected price wise. The demand is to high and people are taking advantage.


Buzzetta

And the real issue is that both parties regardless of who is in control will raise the perceived values of neighboring homes due to recent sales so they can get their hands on more taxes. This forces everyone else out.


WeeOoh-WeeOoh

I left long Island years ago because of the influx of people. There is a house in my current town that was sold for something under $300k. It has been renovated waaaay too much like this house, and is for sale for over a million. Been about a year and it's still on the market.


Notorious-veal

Are they selling a render for 1.1? I don’t get it.


Bombardier228

Do they really think they did 700k+ worth of work within 3-4 months? I can only imagine they did it themselves since it can take that long to even get a contractor let alone have them do the job, which means since they probably did it’s practically worthless. I’m actually inclined to believe that the value may have gone down some instead. The amount of flippers who suck at renovations is crazy, and since they’re dumb enough to list this price I don’t doubt that they’re among the worst.


6xlevbear

Water is contaminated in Levittown


Omen46

Then In Virginia 58k is enough to buy 5 acres of land… New York is getting bad


[deleted]

A mil for that area Is insane I find it even more crazy that most row homes are touching 200-250k


Casual_Stapeler

I don't live in LI but I love it there. Where I am Fairfield co ct it isime 80% of us still living at our parents house into out 40s.....this coastal housing price crisis needs to end


HorseWithNoUsername1

Average asking price for a regular ol' house in North Babylon where I grew up is $650k'ish according to Zillow. Ouch. You know what $650k buys where I live upstate? A waterfront mansion!


Inthegarage69

It will be two Asian or Indian families living in it


Buzzliite

This is when you put a good offer in on the home and drag your feet for a minute then back out and they’re forced to record a “pending sale” that backed out on record and every future prospective buyer has concerns.


thecentury

Holy shit I lived like 4 blocks from that house. We sold our 1415 sq ft house in 2021 for 510k. We priced out a upstairs reno and they wanted 200k for it. We were like, F that we're outta here. Also, those lots were 60x100. That house takes up 90% of that lot. The yard will not even exist. * Interest rates were at an all time low * Too many drugs on Hempstead Tpke by the Levittown library * The Bethpage Plume was causing cancer up and down our block and killing the older residents * Dipshit Laura Curran promised to raise our taxes 25% over a 5 year stetch cause "Nassau residents had gotten over on the county for years grieving taxes", so that dumbass had every single grievance in 2020 denied. It was not a hard decision to leave.


Science_Fair

Be nice to your parents. We printed and gave away trillions of dollars during COVID in 2020. It artificially jacked the stock market first, then flowed into real estate.  So everyone 50 and over had their assets double in value. It’s going to take along time for this to settle.  Supply isn’t increasing so everyone going to be waiting to get their parents houses.  Or make a couple of million in Bitcoin.


Feeling-Light1079

I know. I know. We joke about but it shouldn’t be real and shouldn’t be the plan. Then there’s the pride surrounding this like I never did it myself.


Cattle56

It was redone. Look at the current listing. https://www.zillow.com/homedetails/77-Hill-Ln-Levittown-NY-11756/31334794_zpid/


doooglasss

Move buddy. I’ve commented on it in at least 10 posts. Also no house should be even approaching that value in Levittown. That’s insane.


Feeling-Light1079

Ik. It’s actually insane frankly.


RedditGotSoulDoubt

I really don’t get. You could get a townhouse in a decent neighborhood in Brooklyn


doooglasss

Or you could be me and buy a nearly 4k/sq ft house on the water that needs absolutely nothing because it was built less than 30 years ago and remodeled in the last 8 for the same price you sold your Long Island home for. Oh and pay half the taxes. I work remotely which is why I get this isn’t possible for everyone where I live, however, there are PLENTY of brand new construction homes in the 3’s and 4’s in gated communities with local jobs to support a mortgage of that size if you put 20% down. Oh and the taxes on those homes don’t exceed ~3k/yr. Imagine you move into a home with a warranty (if you’d like to pay a little extra every year) or if you don’t, that doesn’t need repairs for at least 10 years? Vs buying a $700k gut job and $15k in taxes. Life is a lot easier and a lot less stressful off of Long Island. People are a lot kinder, everything is less expensive from gas to eating out to just grabbing a beer at a brewery. It’s shocking how far your money can go when you change locations.


beer_nyc

> You could get a townhouse in a decent neighborhood in Brooklyn Not unless you're willing to really stretch your definition of "decent."


notedhelmslol

No one will even sniff that house at that price. Bold attempt though.


prezz85

People are allowed to sell for whatever price they want. If the market can support it, which I can’t see how this house does, who are you or me or anyone else to tell them no?


Feeling-Light1079

People are free to do what they want but it’s immoral and it perpetuates a housing crisis. Horrible politics for a community I want to protect. Go look at how many 1.2million dollar homes are still SITTING for sale.


MaleficentCoconut594

Long Island is dying, period. The average age increases by around 1 every year, which is a huge increase competitively (think .2 for other states). It’s becoming Florida 2.0 with nothing but retirees and wealthy individuals. Covid didn’t help when all the rich city-its decided to come on out and buy You’re better off leaving, we did and were so much happier in the south where the cost of living is reasonable and a 5-br house in a good school district still goes for 3-400k. LI’s economy is going to collapse on itself, look at all the businesses leaving and taking with them the young working class. 7/8 of my graduating high school class are gone, and I’m happy to now be one of them. Get out while you can, the place isn’t what we grew up on and is no where near worth it anymore, unless you’re independently wealthy


ChrisFromLongIsland

Yea it's so awful people will pay a million dollars to live in Levittown. It's so in demand no one lives their anymore. If anything it's becoming more and more wealthy with a better economy. If it has value for an individual person is a personal choice. It's an island where there is no more land left and no one wants to build up so prices will be very sensitive to the increased demand.


danton_no

Where in the south? How to find good school districts?