Comments on: 1 Home in 5 Vacant in Buffalo New York http://www.therealestatebloggers.com/2008/07/06/1-home-in-5-vacant-in-buffalo-new-york/ Real Estate Blog, Mortgage, and Development News Fri, 20 Nov 2009 23:48:48 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: Bookmarks about Census http://www.therealestatebloggers.com/2008/07/06/1-home-in-5-vacant-in-buffalo-new-york/comment-page-1/#comment-251008 Bookmarks about Census Thu, 28 Aug 2008 07:45:24 +0000 http://www.therealestatebloggers.com/2008/07/06/1-home-in-5-vacant-in-buffalo-new-york/#comment-251008 [...] - bookmarked by 5 members originally found by waysolid on 2008-08-10 1 Home in 5 Vacant in Buffalo New York http://www.therealestatebloggers.com/2008/07/06/1-home-in-5-vacant-in-buffalo-new-york/ - [...] [...] – bookmarked by 5 members originally found by waysolid on 2008-08-10 1 Home in 5 Vacant in Buffalo New York http://www.therealestatebloggers.com/2008/07/06/1-home-in-5-vacant-in-buffalo-new-york/ – [...]

]]> By: Bob L. http://www.therealestatebloggers.com/2008/07/06/1-home-in-5-vacant-in-buffalo-new-york/comment-page-1/#comment-230300 Bob L. Fri, 11 Jul 2008 20:55:23 +0000 http://www.therealestatebloggers.com/2008/07/06/1-home-in-5-vacant-in-buffalo-new-york/#comment-230300 The high rate of vacant properties is staggering. There has been an exodus from the city of Buffalo to the greener pastures of the suburbs, or for those sick of the high property taxes, to places like North Carolina. The political landscape in our region is almost unimaginable. The size of local government would lead you to believe we were living in a boom town, not one that is 20% vacant. The real estate market in Buffalo didn't experience a big upside, but we are also not experiencing much of a decline. That 1 in 5 number is probably not too different than it was a few years back. If you are a buyer of real estate, it can be a great market. Properties are cheap (although taxes are high) and you can cash flow easily. Investors should consider the market, but they should work with someone who knows the neighborhoods. The high rate of vacant properties is staggering. There has been an exodus from the city of Buffalo to the greener pastures of the suburbs, or for those sick of the high property taxes, to places like North Carolina. The political landscape in our region is almost unimaginable. The size of local government would lead you to believe we were living in a boom town, not one that is 20% vacant.

The real estate market in Buffalo didn’t experience a big upside, but we are also not experiencing much of a decline. That 1 in 5 number is probably not too different than it was a few years back.

If you are a buyer of real estate, it can be a great market. Properties are cheap (although taxes are high) and you can cash flow easily. Investors should consider the market, but they should work with someone who knows the neighborhoods.

]]>