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Likely the younger people that have the skills and education to work the jobs that are available. Remember, the issue with Buffalo and really Upstate areas is in regards to finding people to fill the higher level positions that are already available. You do have some younger people moving to the area and buying homes or are renting in other refurbished buildings in the city/area. So, there apparently is a market there.
Buffalo can walk and chew gum at the same time. Jobs, housing, infrastructure, renovation, rehabilitation, etc etc. It all has to happen concurrently. You can't just pick one and stand down on the rest.
Right now demand is greater than supply for apartments in much of the city, at all price levels. There is a high demand for home purchases in much of the city, at all price levels. Where apartments don't exist, the demand is itself creating jobs in construction/rehab, etc. Added population means more local sales at local businesses, and possibly more jobs. People are moving into the city from the suburbs. People are moving into the city who are being recruited by M&T and other growing companies. People are moving into the city to attend the universities. People are moving into the city from the boroughs of NYC and rehabbing homes. Immigrants and (fewer) refugees are moving into the city to join their families. People who live in the city reach adulthood and are looking for their own places to live. And long waiting lists of people living in substandard housing are looking to find better places to live in the city.
Sure some people move away, and some people die. But for the last few years nearly as many were born here or moved here to replace them. Compared to past years, you don't really see many boarded up homes, and never hear of teardowns much anymore. Lower priced homes on the East Side sell almost before they hit the market. West Side and North Buffalo homes have multiple bidders. New homes in North Buffalo are selling out at prices up to 500k. Of course, not all areas of the city are seeing the same level of demand, but most, if not all, are seeing a higher demand than in past years.
Last edited by RocketSci; 10-25-2020 at 12:25 PM..
Buffalo can walk and chew gum at the same time. Jobs, housing, infrastructure, renovation, rehabilitation, etc etc. It all has to happen concurrently. You can't just pick one and stand down on the rest.
Right now demand is greater than supply for apartments in much of the city, at all price levels. There is a high demand for home purchases in much of the city, at all price levels. Where apartments don't exist, the demand is itself creating jobs in construction/rehab, etc. Added population means more local sales at local businesses, and possibly more jobs. People are moving into the city from the suburbs. People are moving into the city who are being recruited by M&T and other growing companies. People are moving into the city to attend the universities. People are moving into the city from the boroughs of NYC and rehabbing homes. Immigrants and (fewer) refugees are moving into the city to join their families. People who live in the city reach adulthood and are looking for their own places to live. And long waiting lists of people living in substandard housing are looking to find better places to live in the city.
Sure some people move away, and some people die. But for the last few years nearly as many were born here or moved here to replace them. Compared to past years, you don't really see many boarded up homes, and never hear of teardowns much anymore. Lower priced homes on the East Side sell almost before they hit the market. West Side and North Buffalo homes have multiple bidders. New homes in North Buffalo are selling out at prices up to 500k. Of course, not all areas of the city are seeing the same level of demand, but most, if not all, are seeing a higher demand than in past years.
Buffalo's depressed (by high taxes) housing market attracts people from other areas because they can buy a home cheaper than where they came from. The same thing is happening in Canada where people are fleeing the GTA because of the astronomical prices. Cities like Welland, which make Buffalo look like Utopia, have seen enormous increases of 2-300% over a 5-10 year period. My friend has a tiny 800 sq ft house in the area with 2 bedrooms and 1 bath, no garage and its worth over 300k. When we first became friends, 10 years earlier it was worth 80k. It's law of supply and demand. The depressed economy and high taxes kept housing prices down for decades. Recently investors, homesteaders and others have come to the area. The dearth of retail, shows the true picture and when companies (Amazon) try to locate there they are given the cold shoulder. M&T Bank, which is a great Corporate citizen, is a shining beacon in an otherwise depressed area. I sold a house in Eggertville in a nice neighborhood in 1993 for 90k, 16 years later it sold for 85k. Now its worth 200k. So it lost value for 16 years and recently it finally appreciated. Houses here in Jax that sold for 90k then, are worth 600k now.
Buffalo's depressed (by high taxes) housing market attracts people from other areas because they can buy a home cheaper than where they came from. The same thing is happening in Canada where people are fleeing the GTA because of the astronomical prices. Cities like Welland, which make Buffalo look like Utopia, have seen enormous increases of 2-300% over a 5-10 year period. My friend has a tiny 800 sq ft house in the area with 2 bedrooms and 1 bath, no garage and its worth over 300k. When we first became friends, 10 years earlier it was worth 80k. It's law of supply and demand. The depressed economy and high taxes kept housing prices down for decades. Recently investors, homesteaders and others have come to the area. The dearth of retail, shows the true picture and when companies (Amazon) try to locate there they are given the cold shoulder. M&T Bank, which is a great Corporate citizen, is a shining beacon in an otherwise depressed area. I sold a house in Eggertville in a nice neighborhood in 1993 for 90k, 16 years later it sold for 85k. Now its worth 200k. So it lost value for 16 years and recently it finally appreciated. Houses here in Jax that sold for 90k then, are worth 600k now.
What I got a kick out of was the graph, which shows 50 years of steady decline, but a pretty healthy gain the next decade with nothing to back it up. Anyone can wish.
What I got a kick out of was the graph, which shows 50 years of steady decline, but a pretty healthy gain the next decade with nothing to back it up. Anyone can wish.
That is when a Republican reform minded Governor is elected
What point are you trying to make with these links?
That the population you posted was different than the actual metro area figure and that the decline is taking place essentially in Niagara County within the last decade.
That the population you posted was different than the actual metro area figure and that the decline is taking place essentially in Niagara County within the last decade.
If not for the 10,000 refuges plopped down in Buffalo, Erie county would have larger loses than Niagara
If not for the 10,000 refuges plopped down in Buffalo, Erie county would have larger loses than Niagara
Really? That's how we are approaching this...Cities across NY have always gotten their share of immigrants and later refugees since they have been around. Interesting info about the Refugee act of 1980: https://en.wikipedia.org/wiki/Refuge...ern%20to%20the
Also, 10,000 isn't much over 1% of Erie County's population. Given that the loss percentage for Niagara County is over twice that, it doesn't look like that would be true.
If not for the 10,000 refuges plopped down in Buffalo, Erie county would have larger loses than Niagara
That is what people don't seem to realize. That is why Buffalo and WNY are retail wastelands. The Liberals quote Census data showing a small loss of population, when in reality middle and upper class people are leaving in droves to escape the high taxes. NYS could care less, because they will be reelected and life goes on.
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