Re: How many people are living in apartments?

We own a 2bdrm coop. It is a good space though...900 sq ft w/ a finished attic the size of the coop, so storage is not an issue & we have a workout/gym room up there.

IMO there are pros and cons to a house. We pay a lot in maintance...we could easily sell and buy a home in LI but we love our area, also a house is a lot more work. I wish we had another bathroom and another den/LR though...then it would be the perfect space.

Message edited 10/18/2011 11:04:28 AM.

Re: How many people are living in apartments?

We own a 1 bedroom co-op and while it was/is working for the time being. I don't know how much longer we will be able to make-do if we ever have another child.

Unfortunately, selling right now would put us in a bad position as far as having enough money to put on a down payment.

Plus, we want to stay where we are in Queens, and unfortunately owing a decent sized home in this area is far fetched.

Currently the least expensive home in the neighborhood is a row house with 2 small bedrooms listed at close to the half million dollar mark and needs work.


So we either try to save more and take a big hit in selling it right now or we hold on for as long as we can and pray that things start turning around so that we at least get what we paid for it back.

Re: How many people are living in apartments?

We rent...we have 3 bedrooms and we pay so little it is hard to even WANT a house. But for the stability we will someday.

My issue is with commitment and also the school district. I dont want my kids in LI schools and to grow up on LI, so I want to buy out of state. Right now , not a possibility, so we continue to rent.

IT has its perks and its downfalls.

Re: How many people are living in apartments?

Re: How many people are living in apartments?

I live in a house that is basically the SIZE of an apartment so I feel your pain!

Re: How many people are living in apartments?

I live in an apartment, but I wouldn't trade "city living" for a house. Ever. I see the struggles my friends have with home ownership and to me it's not worth it. I would eventually like to rent a bigger apartment and I dream of s yard, but no house for us in the forseeable future- by choice!

Re: How many people are living in apartments?

We live in a 1bdrm apt with our 5 month old DD.

It's cramped but we make do as we try and save for a house.

Re: How many people are living in apartments?

We rent a house right now. We decided after living in our last apartment that we wanted to try to get a whole house to ourselves. In order to do that and be able to afford it, we moved out east more. We looked at a lot of places by my ILs (who watch DDs), but what we could afford there was nothing compared to what we could afford out in Suffolk.

I don't know if we'll ever be able to own a home. We barely make ends meet now and we just went through bankruptcy. We just don't have the ability to save much money right now.

It's nice that we have the entire house because we can decorate and do with it what we want.

Re: How many people are living in apartments?

we rent a house from DH grandparents otherwise we would of still been in out one bedroom apartment...i hope one day to own a home but i dont know how we ever will unless something drastic happens in the horrible economy

Re: How many people are living in apartments?

Re: How many people are living in apartments?

Re: How many people are living in apartments?

We share a home with my parents, its a high ranch so we live upstairs and they live downstairs. We have thought about moving into our own single family home but than we wouldn't have anyone to share the expenses with and I'd probably have to get a job and stop being a sahm. So for now living here is what works for us.

Message edited 10/18/2011 9:56:28 PM.

Re: How many people are living in apartments?

we just sold our 2 bedroom condo in June and are now renting a 3 bedroom townhouse. When we owned our condo we decorated inside and out. It was a really nice place (just to small for us). Now that we are renting, we barely decorate b/c I know its only short term. We are hoping to start looking for a house in March (our lease is up in June-so we want to try and buy a place by then). However, as much as I don't love renting, I am a little scared to buy. All my friends with houses are always complaining how much $$ it is to mainitain and the problems, etc. So we are winging it for now. We figure if we dont see anything in the fall (or feel we need to save more) then we will continue to rent.

Re: How many people are living in apartments?

Re: How many people are living in apartments?

We own a 950 sq ft 2 BR condo. It's OK for now, but we are in the process of saving for a house. We bought this place as a stepping stone. It gets the job done, but we def need more space! We also rent a small storage place nearby. DS is only 7 weeks, so it's not an issue now. We have a plan to be out of here in 2 years owning a 4 BR 2.5 bath house somewhere between Huntington and Smithtown on approx 1/2 acre. We are in save save save mode!

Re: How many people are living in apartments?

oh yeah.. i feel ya!

Which is one of the many reasons I moved. I would NEVER EVER under ANY Circumstances be able to afford a home in Long Island. NEVER. not ever.. in a million years. (lotto not withstanding)

In my humble opinion its sick how bad it is in NY/LI. just sick.

I have my home now. Sure i have friends I miss in NY and jim's family is there but I don't care. I have that home that AJ can grow up in.. stability and a investment into her future.

I was getting depressed thinking of never owning a home in Long Island..

Re: How many people are living in apartments?

We live in a 2 bedroom apartment.

DH is dreaming of a home and I hope it never happens. I have no desire. If I want to decorate I decorate the apartment!

Main reason why DH wants to move out of NY: so he can have a house and grill in the backyard all day long!

Re: How many people are living in apartments?

We are in a 1 br. I love our apt., love our landlords, we're in a nice area. My job situation has been rough this past year on top of having a baby, so we are nowhere near close to owning a house. Our space works for now.

Re: How many people are living in apartments?

We own a 2bdrm coop in Bayside. It's about 900 sq ft and we have a pull down attic for storage. It's perfect for us now and I'm sure will be just fine once our baby gets here but we want out eventually. I'd like to be out before #2 gets here, so maybe 3 years or so?? We'll see!

Re: How many people are living in apartments?

Posted by BriBri2u

We own a 1 bedroom co-op and while it was/is working for the time being. I don't know how much longer we will be able to make-do if we ever have another child.

Unfortunately, selling right now would put us in a bad position as far as having enough money to put on a down payment.

Plus, we want to stay where we are in Queens, and unfortunately owing a decent sized home in this area is far fetched.

Currently the least expensive home in the neighborhood is a row house with 2 small bedrooms listed at close to the half million dollar mark and needs work.


So we either try to save more and take a big hit in selling it right now or we hold on for as long as we can and pray that things start turning around so that we at least get what we paid for it back.

Re: How many people are living in apartments?

Re: How many people are living in apartments?

Re: How many people are living in apartments?

Re: How many people are living in apartments?

We rented for a few years before buying our townhome 2 years ago.

Honestly it didn't bother me to rent! My son had a roof over his head, we were able to afford for me to stay at home and then when the time was right we bought our townhome.

I do like owning a home but i think people put way too much emphasis on it. There is no shame in renting while saving money or just b/c you want to! Our landlord fixed anything that was broken, no real property to maintain, no worrying about selling when the time came to move etc..

We were in a great area with lots of other young couples who rented and we all did just fine.

Re: How many people are living in apartments?

We don't rent now but we did for a few years...we were barely able to save. Then we moved in with my parents for a year and saved every penny we could while living in their basement.
Now we do own a home that we bought last year but only because we were blessed that my parents were able to gift us almost half of our down payment.
I love my home but we are close to house poor. My DD is going to be only 4 months old when I go back to work next month. I would LOVE to stay home with her for at least a year but if I did we would foreclose on our home. We need two salaries!
Add all of this to the fact that (as a teacher) I get excessed just about every year and have to pray for my job back and I don't know if we will be staying on LI for many more years to come. It just seems like it shouldn't be this hard. Come on LOTTERY!!