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It is basically the demand, the population staying at the same levels(give or take), the loss/decline of manufacturing and the housing stock(which makes up about 30 or so % of overall costs) tends to be older on average due to earlier growth. Plus, those areas are away from the coast and is like most other places in terms of overall cost of living, give or take. There are some exceptions to these things in within each of these areas, but those are some factors that play a part in this.
It is basically the demand, the population staying at the same levels(give or take), the loss/decline of manufacturing and the housing stock(which makes up about 30 or so % of overall costs) tends to be older on average due to earlier growth. Plus, those areas are away from the coast and is like most other places in terms of overall cost of living, give or take. There are some exceptions to these things in within each of these areas, but those are some factors that play a part in this.
Jobs - climate and lack of public transportation. Wny housing market are stable when home values drop, Wny is not hurt . In fact they really don't decline. New home price are not cheap going for market value with HIGH taxes. Nothing really here for the young (why stay with high student loans) the elderly seek warmer climate and forsaking snow and ice. Summers bring back the elderly due to the fact of the nice summers.
Jobs - climate and lack of public transportation. Wny housing market are stable when home values drop, Wny is not hurt . In fact they really don't decline. New home price are not cheap going for market value with HIGH taxes. Nothing really here for the young (why stay with high student loans) the elderly seek warmer climate and forsaking snow and ice. Summers bring back the elderly due to the fact of the nice summers.
New home prices may be higher than the median, but even those new homes can still be lower to newer homes even in parts of the South. Public transportation isn't going to be NYC good, but it may or will be better than what is in similar areas in other regions.
Jobs - climate and lack of public transportation. Wny housing market are stable when home values drop, Wny is not hurt . In fact they really don't decline. New home price are not cheap going for market value with HIGH taxes. Nothing really here for the young (why stay with high student loans) the elderly seek warmer climate and forsaking snow and ice. Summers bring back the elderly due to the fact of the nice summers.
Are those places one of those places where young people are leaving in droves and never coming back?
Not isolated to one area more spread out over the whole region.
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