Posted: Wed Aug 04, 2004 3:21 pm Post subject: the woodmere chase
not to be overly dramatic but the frummies and non-jews/seculars have come to terms in woodmere. if you look at newsday, you'll see the scandals involving school budgets. if you look at the other posts, you'll see the uproar over expensive yeshiva tuitions. basically, the ever growing frummie community is sick of paying truly exhorbitant property taxes to a school district that has probably the least number of students out of any LI area and the highest budget. so, where does this money go to? they're being audited to find out. in the meantime, non jews are not happy with the new tide in which they are the outsiders in an area where more and more kosher restaurants, supermakrets, yeshivas and shuls open up each month. so, they're cashing out, considering that jews are looking to move into this ever developing area.
Posted: Wed Aug 04, 2004 3:50 pm Post subject: North Woodmere
Is the North Woodmere area more susceptible to the poverty of the surrounding areas? More so then say the Central and Southern Woodmere areas?
My fear, like anyone’s I guess, is that because there are so many homes for sale in the community the value of them will go down. Seems like demand is not keeping up with supply.
Posted: Thu Aug 05, 2004 10:47 am Post subject: North Woodmere
Eric- As someone who has lived in the North Woodmere area my entire life I have a different approach to your thoughts.
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Anyone know why there are so many homes for sale in the North Woodmere area?
To answer this, I must say that a good number of the families/people that bought into N. Woodmere in the 1960s, i.e. older folks, have remained in the community. For many years there weren't many homes for sale-- yes, that makes the current situation seem like there's a problem. A good number of people are retiring to Florida.
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Are people simply trying to Cash out, or something worse?
In a matter of speaking, yes. If you bought your house for $150K (may not be accurate) 25 years ago-- there is profit to be made. This area has seen an explosion in the increase of property value in the past decade or so... the neighborhood in terms of real estate prices and taxes has always been comparable to that of the surrounding areas of Woodmere, etc. (Please note, homes and taxes are less expensive on the other side of Rosedale Road, i.e. the Mill Brook/Green Acres neighborhood of Valley Stream-- as well as Valley Stream proper and are still within a 15 minute walk and an eruv extension)
Woodmere is supersatured with a frum community, shuls, yeshivas, etc. people see themselves as chalutzim conquering a new community- while in fact there has been a J community in N. Woodmere since its origin. The vast majority of N. Woodmere has always been Jewish-- its first shul, Cong. Ohr Torah was found by R. Meshullam Jungreis z"l and his wife Rebetzin Esther Jugreis in the 1960s, a YI came sometime in the 1980s (before my time) and there is a new minyan in formation called Beis HaKnesses North Woodmere. The frum community of North Woodmere has always been a minority-- as many of the people are members of the Conservative Temple Hillel-- others are not affiliated or attend congregations outside of NW proper. The community is certainly diverse, Jewishly-- there is a sefardic shabbos minyan at OT. NW seems like a sensible place for the "overflow" of the 5 Towns, as the reality is-- NW isn't really part of the 5 Towns. Where are you going to go otherwise? I see this as a logical flow and have been waiting for this type of influx for years. Additionally, not all of the new families entering NW are frum or for that matter Jewish-- it is what you make of it-- if you see a home you, friends or family can afford and like-- come on over, you will be part of the increasing frum community here.
ligirl states:
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basically, the ever growing frummie community is sick of paying truly exhorbitant property taxes to a school district that has probably the least number of students out of any LI area and the highest budget.
This is not to say that NW is inexpensive by any stretch of the imagination-- taxes from what I've heard are mostly in the low 5 figures (some less)-- homes are on average 600K and up-- not cheap! Add on top of that yeshiva, vacation, camp, incidentals. Note that the majority living in NW are Jewish.
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Is the North Woodmere area more susceptible to the poverty of the surrounding areas?
Eric, I don't think so-- if you can afford to purchase the home, and pay taxes there I'd say no. Take a look at a few real estate websites about the area or put the records in Hempstead for taxes or check out Newsday's site about home value in the past several years. If anything the prices and values are increasing, not decreasing. Think of it this way, it's like a treasure that has just been discovered-- many have held onto their homes for decades and now they're leaving-- come check out the neighborhood-- each shul has a hospitality-type committee, see for yourself and speak with people who live in the community.
Location-wise, remember- you're on the boarder of Rosedale (Queens), Valley Stream, Woodmere and Cedarhurst...Close to yeshivas, kosher food, great shopping, parks, golf.
If anything else-- buying in this community will strengthen the J community here...come and check it out.
Posted: Mon Aug 16, 2004 4:31 pm Post subject: A Response
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Are there noticably more homes for sale in north woodmere?
Compared to another place or compared to five years ago? Many commnunities go through a quiet period -- there have always been houses for sale in NW. I think people are now realizing it's potential as a great community with an already proven framework-- as other desirable neighborhoods are near capacity.
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is that having an effect on prices?
I don't it has, as of yet. There is a realization that it could be a "hotspot" for young frum couples/families, but I don't think that anyone has taken serious advantage of this situation as of yet. Houses go for the market value-- not every home in the neighborhood is the same-- internally and externally, therefore sale prices differ, as do taxes.
I think the best way of finding out this information is speaking with local residents, shul members or real estate agents. Best of luck.
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