.

Study: Bulk of Long Islanders Struggle to Pay Mortgage, Rent

Latest Long Island Index report says many plan to leave the area within the next five years.

Long Island's high cost of living has half of its population planning to leave the region within the next five years, a new study released Thursday concludes, as locals who have seen economic hardship after the Great Recession struggle to pay their mortgages and rents.

The findings of the The Long Island Index Report, "Long Island in the Aftermath of the Great Recession," is based on data gathered in the fall of 2012, before Superstorm Sandy left Long Islanders with damaged properties, battered homes, destroyed personal belongings and totaled automobiles.

According to the report, 58 percent of Long Islanders have trouble paying their housing costs, with 81 percent pointing the finger at the "serious" problem of high property taxes.

The study, conducted by the Stony Brook University Center for Survey Research, found locals are either planning to leave the area or worry that their children or family members will head for greener pastures off of Long Island, otherwise known as brain drain.

But while Long Island organizations like the Index have warned of brain drain for years, the urgency to thwart the problem is high on local minds, the study found. About 60 percent said the lack of affordable housing is a problem in their county, with the same percentage supporting changes to zoning laws that would make it easier to create legal rental apartments in a single-family homes.

“This survey highlights serious concerns for policymakers, and these concerns existed prior to Hurricane Sandy,” Nancy Douzinas, president of the Rauch Foundation, which publishes the Index, said in a statement. “The storm could not have lessened them or altered the fact that we need to be far more innovative in developing ways to address the high cost of living on Long Island.”

Leonie Huddy, director of the Stony Brook's survey research center, said the level of locals struggling for housing is at an all-time high.

“Unless there is a sudden and sustained increase in local household income, residents will look to leave as soon as the property market bounces back," he said.

To read the entire report, see the media attached to the article.

Let us know in the comments, are you a Long Islander who's planning to leave?

Former Long Islander January 23, 2013 at 09:47 PM
NCES 2013-309 U.S. DEPARTMENT OF EDUCATION Latest Data releases this week Public high school Graduation Rate (AFGR) New York 76.0% Tennessee 80.4% Average SAT Scores 2010 New York: Reading 484, Math 499, Writing 478 Tennessee: Reading 576, Math 571, Writing 565 Oh, and it was 50 degrees in Hendersonville today, Long Island 18.
highhatsize January 23, 2013 at 09:54 PM
to Former Long Islander: I'm not beating the drum for Long Island. Even with inflation factored in, the Case-Schiller Index for New York would stand at 127, meaning that housing prices would have to fall an additional 27% (in inflation adjusted dollars, whatever that would be) to equal their prices in the year 2000, However, your representation of Hendersonville, Tenn. is misleading. The US Government and the FBI consider it a dangerous place to live regardless of the proprietary rating of the City-Data site. I am sure that it is much cheaper to live there than on Long Island but that can be said of virtually every place on earth. For my money, most of Long Island is a banal dump. It's brilliant jewel is the ocean beach. I have found none other like it. It has an effect on my spirit that isn't duplicated by other locales (including the beautiful beaches of Florida.) But if I were going to live elsewhere, Henderson's distance from the ocean would eliminate it from consideration.
Former Long Islander January 23, 2013 at 09:58 PM
Tennessee IS a right to work state: Construction of the Music City Convention Center at 1.2 million square feet of exhibit space http://www.koreanveteransblvd.com/images/aerial_roundabout.jpg WHY SHOULD I MOVE TO NASHVILLE, TENNESSEE? http://nashvilletenn.blogspot.com/ Forbes Best Places for Business and Careers ranked Nashville, Tennessee number 6 of 200 largest metropolitan statistical areas in the U.S. (Long Island was ranked 98) Kiplinger Magazine — Best Value Cities of 2011 ranks Nashville, Tennessee Number 3 nationwide: “The majority of the new openings will be in the education and health-services fields.” Forbes—“The Next Big Boom Towns In The U.S.” projects Nashville to be the No. 3 boom town in the coming decade.
Former Long Islander January 23, 2013 at 10:07 PM
“The US Government and the FBI consider it a dangerous place to live” – balderdash Big Hat. The crime rate in Hendersonville itself (a city of over 50,000) is about the same as Nassau/Suffolk. Where has the US Government SAID it is a dangerous place to live? You dishonesty is appalling. Using Metro Statistical Area data is also disingenuous. It would be like lumping Garden City in with the Bronx. http://retiretotennessee.blogspot.com/p/hendersonville.html As far as Hendersonville’s distance from the ocean, try Old Hickory Lake right in Hendersonville, 97 miles long with 440 miles of shoreline. And we had a high of 50 degrees today. http://retiretotennessee.blogspot.com/p/old-hickory-lake.html

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »