According to studies, people living in Nassau and Suffolk counties pay a higher share of their income for housing than other suburbs in the New York region, and new housing coming on the market costs too much for a majority of residents, especially young adults just starting their careers.
The Index’s recommendations depend on supply driven housing economics. But their consultants' analysis may not reflect the reality of Long Island’s suburban landscape, or what truly drives up housing costs here. Overall, the latest Long Island Index report repeats the same mantra that has been echoed from various conference rooms, board rooms, panels, and podiums at business breakfasts at the Crest Hollow Country Club and beyond: Build! Build! Build!
The largest industrial park in the region is poised to get larger -- imagine that!
Other factors are the culprit for making the cost of living on the Island so high.