Reply #3: House down the street from us [View All]

[HockeyMom]

Hi Ranch in good condition, 3 bedrooms, 2 baths, half basement, not much property. Sold in a matter of WEEKS in May for $375,000. Apparently, the deal fell through and now the house has been on the market since June. The owners moved out two weeks ago. It appears empty, but I guess they will probably try to rent it until it sells.

This is for a house UNDER $400,000 on Long Island which not too long ago was considered a BARGAIN. Now, I guess not.

I am also now seeing more private house rentals that are including ALL UTILITIES in the rents. These people must have moved and cannot sell these homes, so they have to sweeten the pot for the renters (plus pay the mortgage), given the sky high costs of utilities.