BrookJersey Redmen post=446837 said:
mjmaherjr post=446772 said:
redmaninalbany post=446770 said:
With retirement, I am in North Palm Beach for 7 months and the Adirondacks for 5. It is the best of two beautiful worlds. Plus, there are many Florida teams to root against just to torment the natives. And, on the East Coast of Florida particularly, a ton of misguided Massachusetts and Connecticut fans to combat.
Along either coast, there a so many great retirement benefits!
where in the adirondacks ? I kinda wanna buy a summer place driving distance from long island
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Also, Brant Lake, I have a buddy and he and his family love the lake, it is very beautiful, of course, they love the house on the lake and the boating and they are also skiers that is there for the wintertime.
Upstate, real estate pricing is incredibly depressed in many areas simply because many small cities and towns have been hit hard by corporations vacating for more profitable venues. Syracuse is a good example. My friend sold his mom's home after she passed away for about $85K. I remember visiting Lake George for an AAU tournament some years back. It was the week before the 4th of July, and in the village motels were almost vacant. Unemployment was high in the area, because the heyday of simpler vacations driving from NYC declined severely years ago.
Depending on location, you can get real estate at bargain prices. I had a friend whose family had a place on the Delaware River not far from Narrowsburg. He spent summer there a long time ago, and was in a community where there were few vacation homes, high unemployment, and a lot of townies.
NYS is a big state though, and the Adirondacks for example have gone through substantial development and real estate likely to be higher for new homes.
An alternative is looking on the North Fork of LI. Taxes are dirt cheap compared to western suffolk county, and although way more expensive have an upside in terms of appreciation..
If selling a primary residence in the NYC Metro area in order to relocate, that has always been a tricky game. Around NYC RE prices more often than not trend upwards and many people who sell and leave find they are priced out of the market if they look to return.
The North Fork of L.I. used to be best kept secret. Very reasonable property taxes and home prices that were moderate and quite modest compared to the South Fork. Unfortunately, in today's market, it's not easy to find a house on the North Fork (Mattituck, Southold or Greenport) for much less than $1M.