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Old 06-10-2014, 08:48 PM
 
Location: Florida
11,669 posts, read 17,825,530 times
Reputation: 8238

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Someone please tell me why the metro areas of Buffalo, Syracuse and Rochester are so affordable?

Is it really because of the climate?

Is it really because of the lack of many high paying jobs?

What is it?
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Old 06-11-2014, 12:25 PM
 
Location: Saratoga, NY
9 posts, read 19,838 times
Reputation: 12
Maybe the lack of decent employment, simply better places to live in NY.
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Old 06-11-2014, 12:41 PM
 
91,987 posts, read 122,078,964 times
Reputation: 18136
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.
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Old 06-11-2014, 04:47 PM
 
2,440 posts, read 6,221,224 times
Reputation: 3075
Quote:
Originally Posted by nep321 View Post
Someone please tell me why the metro areas of Buffalo, Syracuse and Rochester are so affordable?

Is it really because of the climate?

Is it really because of the lack of many high paying jobs?

What is it?
No cheaper than most of the Midwest, and much of the South.
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Old 06-11-2014, 06:08 PM
 
Location: Florida
11,669 posts, read 17,825,530 times
Reputation: 8238
Quote:
Originally Posted by ckhthankgod View Post
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.
Are there ANY manufacturing jobs left in WNY/CNY?
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Old 06-11-2014, 06:28 PM
 
91,987 posts, read 122,078,964 times
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Quote:
Originally Posted by nep321 View Post
Are there ANY manufacturing jobs left in WNY/CNY?
Yes and there have been threads and posts talking about this on here.
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Old 06-12-2014, 08:36 AM
 
Location: Tx
355 posts, read 388,480 times
Reputation: 343
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.
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Old 06-12-2014, 09:23 AM
 
91,987 posts, read 122,078,964 times
Reputation: 18136
Quote:
Originally Posted by redhotstoboiledpenuts View Post
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.
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Old 06-12-2014, 10:44 AM
 
Location: Florida
11,669 posts, read 17,825,530 times
Reputation: 8238
Quote:
Originally Posted by redhotstoboiledpenuts View Post
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?
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Old 06-12-2014, 11:42 AM
 
Location: Tx
355 posts, read 388,480 times
Reputation: 343
Not isolated to one area more spread out over the whole region.
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