posts: 207519
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| post_id | thread_id | thread_title | post_number | author_username | post_date | post_date_iso | post_body |
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| 207519 | 10448 | Cities to Surf and raise a family in that are somewhat affordable? | 16 | Macilious | May 17, 2021 | 2021-05-17T08:39:15-0400 | PeakMaster said: The thing with real estate ownership near the beach is that, while the market might stabilize or even come to a complete standstill, prices are not going to drop. Not a penny, no matter what. That's just a fact. Hurricane Sandy devastated coastal NJ and NY, thousands of homes destroyed. Less than 10 years later all rebuilt, all far more expensive. Good for people who bought when it was affordable to them. Out of the question for most now. Reality that's not changing and it doesn't matter which coast. Are there alternatives? Absolutely. Live inland a few miles and drive. I look at the real estate market where we are... Seven Mile Island, CMC,NJ...it's stupid 850 sf.studio selling for $750,000. No inventory which drives prices. People fleeing NYC and Philadelphia during the virus...Seems you have a good plan. Get after it. Click to expand... "The Sandy effect" at NJ Shore was shocking to me. As the storm approached I thought that my home value would be cut in half... it was exactly the opposite. Sandy gave everyone an out. So all the people that were sitting on old family beach houses were forced to either sell or fix their homes. A lot of people sold and the people that bought build bigger better houses. In our town, home prices have pretty much doubled since 2007 and probably tripled since the early 2000's. It's just insane. Affordable coastal property is a feckin mirage. If you find a place, send me a DM! I'm in a similar position to OP. We are currently trying to relocate to Charleston and housing prices have sky rocketed (+30-50%). We are totally priced out the areas we liked and are now wondering if it's cheaper to stay in NY! I mean THAT'S COMICAL. My advice is happy wife, happy life. Your responsibility now is to take care of your family. Get a place your wife likes, good schools, kids in the neighborhood, etc. Then, figure out how to get our beach time in. Maybe buy a weekender van or AIR BnB a place at the beach, do surf trips with buddies. If your wife is settled in a home she's happy in and feels secure you'll have free time. IF MAMA aint happy, nobody's happy. |