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This isn't the case Upstate, as Syracuse, where I live is one of the cities with a good housing market. Rochester and Buffalo are doing good, along with Albany. So, it depends on where you are. Luckily up here, you can live in some affordable suburbs. With this said, I could see a possible trend of people moving back into cities up here due to efforts to revamped abandoned areas and the fact people want convenience.
This isn't the case Upstate, as Syracuse, where I live is one of the cities with a good housing market. Rochester and Buffalo are doing good, along with Albany. So, it depends on where you are. Luckily up here, you can live in some affordable suburbs. With this said, I could see a possible trend of people moving back into cities up here due to efforts to revamped abandoned areas and the fact people want convenience.
I'm an SU alum. After graduation, I decided not to stay in Syracuse due to 1. Boring city outside of the SU campus (at the time) and 2. Job market!
Going back there this fall for College Reunion. I'll see how much the city and campus have changed. I have seen the housing prices, and they are very attractive.
My sister used to live in Syracuse. I should think the housing market is wide open there; I understand that jobs aren't especially plentiful (we have NAFTA to thank for that). So I don't know if you can judge the situation statewide by using Syracuse as an example.
surprise surprise. The future of the suburbs is futile. Not only are high energy costs going to ensure that they loose value, but I think most people have figured out that, at least for the monotonous subdivisions, they are really boring places to live. but worry not: most of our cities that have lost ppl to the burbs were once really beautiful places to live, and in fact most neighborhoods in the typical US city (cleveland, detroit, st. louis) are big houses with nice lawns, just like the suburbs, but with waay more flava, better architecture, and well designed neighborhoods. Its not such a bad thing. I think it will help our society in general as people will actually live together (like we have it here in NYC) and actually come face to face on a daily basis with the large number of people they share their world with.
I do hope this is the case. But I just don't see suburbs dying the way reports have sensationalized it recently. Unless gas tops $10 bucks a gallon and oil keeps going up--then we are in trouble. Suburbs are quite tragic places on the whole, and maybe this is the incentive people need to get out and move into the cities again...
Cool. And yes I agree that the death of suburbs are completely exaggerated, nonethless, the trend away from suburbs is what is relevant...the same way the trend away from cities were 50 years ago.
The burbs was always a sign that you made it in life-good job place to raise your kids etc; That is not going to change. People overextended themselves financially and now they can not afford it so now they have thier backs against a wall. If anything what you will find is that the more affluent people will be in the burbs and middleclass workers will be out-priced.
While Syracuse's economy is suspect, it actually has probably the best job market out of the major cities in NY state.
Nope. NYC still leads in job growth - although Syracuse is in second place. Actually all job growth throughout the state is pathetic. NYC led the state with only 1% growth
Figures from the NYS Department of Labor are below. Sorry there isn't a single link to this data. You can go to New York State Department of Labor - Workforce Industry Data (broken link) and view statistics by region using the drop-down menu.
Private sector employment in New York Cityrose 31,300, or 1.0 percent, to 3,219,200 for the 12-month period ending May 2008.
For the 12-month period ending May 2008, the private sector job count in the Syracuse metro area rose 1,300, or 0.5 percent, to 267,600.
Private sector employment in the Buffalo-Niagara Falls metro area was unchanged at 455,100, over the 12 months ending May 2008.
Private sector employment in the Rochester metropolitan area declined 3,200, or 0.7 percent, over the year to 434,600 in May 2008.
From May 2007 to May 2008, the number of nonfarm jobs in the Albany-Schenectady-Troy MSA rose by 100, or 0.0 percent, and the number of private sector jobs fell by 400 or 0.1 percent.
The number of private sector jobs on Long Island increased over the year by 1,900, or 0.2 percent, to 1,072,900 in May 2008
For the 12-month period ending May 2008, the total nonfarm job count in the Utica-Rome metro area increased 100, or 0.1 percent
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