NH Home market collapes
Posted in the Utica Forum
#1 Jan 25, 2014
Stay away from Utica, New Hartford and Central New York in general. The high end housing market in New Hartford has collapsed. I have a house in the Ironwood development in New Hartford and I can't sell it for more then I paid for it. Highly paid professionals are not moving into this area.
The only houses that are barely moving in New Hartford are older homes in the village and the hamlets of Chadwicks and Washington Mills. The only people moving to New Hartford are blue collar workers looking to escape the disaster that is Utica.
You will be very disappointed if you are a educated sophisticated professional if you move to New Hartford. You will be only be surrounded by coarse, blue collar, red neck escapees from Utica. You will not be able to break into the local friends and family. I'm stuck here even though my kids have all graduated from New Hartford because I will take a major financial hit if I try to sell my home!
Save yourselves from my fate. Stay away!
#2 Jan 25, 2014
The trouble with you rich NH folks that live in Ironwood development is you expect to get what the house is worth more than advertised. Good luck with that.
#4 Jan 25, 2014
Ironwood is laid out just like "the manors".... There must be a couple hundred houses in those loops... All those busy professionals coming and going ALL DAY LONG.
ANYWAY... I agree with you. Somewhat. There are only a handful of homes that sell for over 300k in net hartford each year. This has been true for the last several years.
#5 Jan 26, 2014
as if boasting this on Topix is going to give anyone confidence to go there and look?...counterproductive don't you think? My friends in Jersey lost a 100k on a house, my cousin in Santa Clara California lost 125k on a house..the housing market, like the stock market rolls. The average household income in New Hartford is under 70k per household..so if you have a 300k house, the pool of buyers is going to diminish. When you spend over 300k on a house here, you did it, because you wanted to live this way. South Woods is a fine development, the houses sell...not quickly, but they do move. Something tells me you overpaid..The lessons of the late 1980's ad 1990's taught those that were paying attention..you buy a house to live in, it is not some growth capital fund. Houses get tired, tastes change. If you have a mauve bathroom, expect to take a hit..got lots of wallpaper, expect to take a hit, your home have pets (i love pets), expect to take a hit..you buy something without a private backyard, expect a hit, we looked at houses last year..it was amazing how poor the interiors were in some things out there, and if you are home during a showing, lurking around the buyers, and agents, you deserve a loss, nothing worse than a home owner trying to "tour" you, we had a guy in Whitesboro make us listen to 10minutes of his improvements to the house...we couldn't wait to get out of there. As a former paralegal in a law firm, I knew so many agents, the stories would make us die laughing. My guess is that you refinanced your house, instead of paying the mortgage down, which is always the beginning of trouble.
#8 Jan 26, 2014
So sorry for your misfortune. Apparently you're not as educated and sophisticated as you would like to believe, or you wouldn't be in the situation you are in. Or as we blue collar,non professionals say "sucks to be you."
#11 Jan 26, 2014
Ill take NH anyday.
dont like it? then move. but better yet just shut up.
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