Story perspectives

Millennials Seize Pandemic Housing Opportunity on Long Island

11/16/2025

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Summary

Story summary

In early 2022, Sandy Lachhman (hospital operations) and Shaun Parmassar (cybersecurity) bought a two-bedroom, two-bathroom house with a pool on Long Island for about $660,000, $30,000 above the asking price, at a 4% interest rate.
They had started new jobs and spent about three months searching for a home.
Lachhman noted that the pandemic housing market provided millennials a favorable opportunity to enter the market, contrasting with current challenges.

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Story summary

In early 2022, Sandy Lachhman (hospital operations) and Shaun Parmassar (cybersecurity) bought a two-bedroom, two-bathroom house with a pool on Long Island for about $660,000, $30,000 above the asking price, at a 4% interest rate.
They had started new jobs and spent about three months searching for a home.
Lachhman noted that the pandemic housing market provided millennials a favorable opportunity to enter the market, contrasting with current challenges.