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Old 03-02-2008, 05:21 PM
 
85 posts, read 270,945 times
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Is there an elevated rate of foreclosures for Albany and Troy like in some other parts of the country? How are the municipalities dealing with it?
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Old 03-06-2008, 04:31 AM
 
85 posts, read 270,945 times
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We saw quite cheap houses in some locations and were wondering if this was being caused / made worse by foreclosures.
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Old 03-07-2008, 07:11 AM
 
Location: bumcrack Nebraska
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I don't live in the cities of Albany or Troy, but I do live in the general area. I don't think this region has been hit too hard by the foreclosure crisis. There are just cheap properties to be had there in those cities.
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Old 03-31-2008, 06:57 PM
 
Location: Clifton Park, NY
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The Albany area in general has been sheilded so far from this foreclosure crisis. In the cities values have been fairly stable maybe a slight decline it is good time to buy in the area.
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Old 03-31-2008, 08:34 PM
 
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The subprime crisis has had very little impact on the major upstate New York cities (Albany, Syracuse, Rochester, Buffalo, Binghamton). Somehow, the scam artists were not able to infiltrate these areas. On the other hand, Cleveland has been decimated in the subprime fiasco.
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Old 04-01-2008, 09:10 AM
 
Location: Raleigh, NC
502 posts, read 1,650,180 times
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The average selling price in the Albany area has gone up the last two months (all I've watched as we have a house for sale now), so I would guess this means there haven't been a lot of foreclosures. Albany being the state capital of one of the largest state governments has a high percentage of government workers in the area which stabalizes the economy quite a bit. NY also has very tough consumer oriented laws which might have also had an effect on it.
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