Rochester ranked #1 metro in quality of life in the nation for middle class families! (New York: sales, real estate market)

[RottenChester]

There are only two classes. People who work and people who don't work. The People who work are always pissed off at the people who don't work for consuming tax-funded resources. The people who don't work are pissed at the people who work because they have disposable income.

Rich and Retired People are above this because they don't need to work but have disposable income.

What qualifies as Middle Class in this town?

How about a home in the 'burbs where both parents must work, one to pay the mortgage, utilities, and whatever and the other to pay the property taxes.

The Middle class is a politically correct term for The Slave class where the average Joe and Jane work hard for their pay only to find their "Gross" pay siphoned off about 35-45% by the government to get their real "Net" pay. I guess its called Gross pay because the Government feels we are being grossly overpaid and at that point needs to put us in our place by taking a "modest" amount so that we don't get too rich. What a catastrophe if that happened! We might get too rich to work and then the government would starve to death. It's ok though. At least they're polite enough to give us such an honorable title as "Middle Class" I guess its better than being "Lower Class"

[RBT22]

Originally Posted by shibainu

This is really a joke. I have lived in upstate ny all my life. Rochester is ranked number 1 for middle class because it is cheap for houses. The economy is a joke.The people that are leaving are not the old people like most people say. It is mostly brain drain. It is my age group 23-34 years old that just finished college and want to start a good career that are leaving. I lived in rochester and surrounding area's from 1978 to 1997 which then moved near syracuse for college. Then moved to albany in the end of 1998. Which I then moved back to rochester in 2004 and have been here since. I have found that rochester is a place that has some major challenges that will hinder the city and suburbs for the next 50 to 100 years. Looking back on the history of rochester it was a amazing city that was very political and was a leader in a lot of industries. Today it is a decline. There are no jobs. It is a cheap place to live because the poverty rate is very high in most areas of the city and suburbs. Education and enterainment is not even compared to a typical city.Rochester like the rest of New York is in a decline and most of the youth is leaving. so the articles like the one that this post is about should not be a suprise. It is a sale. Think about this does anyone have to tell you if you have a great thing. Some times things are too good to be true.

Originally Posted by shibainu

This is really a joke. I have lived in upstate ny all my life. Rochester is ranked number 1 for middle class because it is cheap for houses. The economy is a joke.The people that are leaving are not the old people like most people say. It is mostly brain drain. It is my age group 23-34 years old that just finished college and want to start a good career that are leaving. I lived in rochester and surrounding area's from 1978 to 1997 which then moved near syracuse for college. Then moved to albany in the end of 1998. Which I then moved back to rochester in 2004 and have been here since. I have found that rochester is a place that has some major challenges that will hinder the city and suburbs for the next 50 to 100 years. Looking back on the history of rochester it was a amazing city that was very political and was a leader in a lot of industries. Today it is a decline. There are no jobs. It is a cheap place to live because the poverty rate is very high in most areas of the city and suburbs. Education and enterainment is not even compared to a typical city.Rochester like the rest of New York is in a decline and most of the youth is leaving. so the articles like the one that this post is about should not be a suprise. It is a sale. Think about this does anyone have to tell you if you have a great thing. Some times things are too good to be true.

This is amazing. It is almost as if I wrote it. I 100% back everything you say. In fact, I was arguing with a friend of mine at the FREE Lou Gramm concert last night about the youth leaving Rochester. I mentioned that I want to move and I have been seriously thinking about it for a while.

There is a huge void in Rochester in the last couple years of people in the age group you mention. One good thing about Rochester is the amount of things to do. But when you go to one of these free outdoor concerts, or an amerks game, or a red wings game, or whatever else, everyone is under 24 or over 40. They are not here anymore. I am 37 and single so believe me - I know!

You can put all the stats and data in my face that you want. People have flocked out of Rochester and unless someone taps in to an undiscovered industry in this area, they won't be back and they won't stay there after college.

[garmin239]

There are plenty of youth here. Maybe you didn't see many young people at a Lou Gramm concert because some may find him irrelevant today. Earlier in the day there were plenty of young people at that festival. By the time Gramm played, younger folks went on to other places. I know I did.
Did you go to the free Moe concert the other week? Plenty of young people there.
There is no shortage of young persons here. You are just not looking in the right places. Red Wings games and other minor league sports are more family oriented activities. Try going to a concert with a younger appeal. Go out to the east end and tell me that there are no young people left.

[RBT22]

Originally Posted by garmin239

There are plenty of youth here. Maybe you didn't see many young people at a Lou Gramm concert because some may find him irrelevant today. Earlier in the day there were plenty of young people at that festival. By the time Gramm played, younger folks went on to other places. I know I did.
Did you go to the free Moe concert the other week? Plenty of young people there.
There is no shortage of young persons here. You are just not looking in the right places. Red Wings games and other minor league sports are more family oriented activities. Try going to a concert with a younger appeal. Go out to the east end and tell me that there are no young people left.

I love your loyalty to Rochester Garmin. Yes, East End is full of youth. Under 24 that is, which is exactly what the both of us are saying.

[rochacha]

Originally Posted by RBT22

I love your loyalty to Rochester Garmin. Yes, East End is full of youth. Under 24 that is, which is exactly what the both of us are saying.

I know a lot of people between 24-40, including myself, that live in Rochester. There might be a difference in that I know a lot of software techies, which is a stable job market around here, and I know mostly married couples/families. I can say that I do not know many people into the nightlife and/or single scene, so that might be the disconnect.

[garmin239]

Originally Posted by RBT22

I love your loyalty to Rochester Garmin. Yes, East End is full of youth. Under 24 that is, which is exactly what the both of us are saying.

I am not saying that. There are many many persons over 24 that hang out there. Sure you will run into the younger crowd if you go to a place like Daisy Dukes. But there are places like salingers, temple, old toad, etc that have crowds in the mid to upper 20s and 30s. There are around 20 spots in that direct area. Different places will have different crowds.

[rubygreta]

Originally Posted by RBT22

This is amazing. It is almost as if I wrote it. I 100% back everything you say. In fact, I was arguing with a friend of mine at the FREE Lou Gramm concert last night about the youth leaving Rochester. I mentioned that I want to move and I have been seriously thinking about it for a while.

There is a huge void in Rochester in the last couple years of people in the age group you mention. One good thing about Rochester is the amount of things to do. But when you go to one of these free outdoor concerts, or an amerks game, or a red wings game, or whatever else, everyone is under 24 or over 40. They are not here anymore. I am 37 and single so believe me - I know!

You can put all the stats and data in my face that you want. People have flocked out of Rochester and unless someone taps in to an undiscovered industry in this area, they won't be back and they won't stay there after college.

If this were the case, real estate values would be plunging, especially in light of all the bad headlines. Who do you think buys property? Those between the ages of 24 and 40. But property values in Rochester have risen gradually over the last few years, and are pretty much stable today. Rochester has one of the lowest foreclosure rates in the US. How could this be if everyone is fleeing?

And Lou Gramm is from the fossil band oldies act Foreigner. If it had been Tom Petty you would have seen a ton of 20- and 30-somethings.

[Muggy]

Originally Posted by rubygreta

If this were the case, real estate values would be plunging, especially in light of all the bad headlines. Who do you think buys property? Those between the ages of 24 and 40. But property values in Rochester have risen gradually over the last few years, and are pretty much stable today. Rochester has one of the lowest foreclosure rates in the US.

You need to educate yourself. The bubble will make its way to upstate.

Foreclosure crisis looming in western New York, experts say | democratandchronicle.com | Democrat and Chronicle

Thursday's seminar to tackle foreclosure issues | democratandchronicle.com | Democrat and Chronicle

Foreclosures affect Monroe County | democratandchronicle.com | Democrat and Chronicle

[rochacha]

If there is a foreclosure crisis here, it will be mostly among very targeted neighborhoods and certain demographics like the articles suggest (whether upper middle class with McMansions or black middle class, I don't know). The main reason is that we did not have the huge runup in prices and high multiples of housing to income seen in other places. If anything, it might be a huge buying opportunity for areas to remove some less desirable housing stock and people to move up into better homes via foreclosure.

[Muggy]

You guys can delude yourselves all you'd like. I always have to say, "I love Rochester" so that y'all realize I don't have an anti-Rochester bias. The housing bubble prevented price declines in this area. I know, I am one of the idiots that moved back from NYC and bought an overpriced condo, only to sell it to another sucka.

Every argument presented on these and other forums supporting upstate real estate uses the same arguments I heard in Florida in 2005. By the end of 2008 it will be obvious to you. In 2009 and 2010 you will see a flood of inventory in the Rochester market.

Please bookmark this page for future reference. Upstate New York is not immune to market forces. You can use the same idiot realtor hyperbole spewed in Floreeduh and Clownifornia, or you can embrace the facts. But then again, denial is upstate's greatest asset.