Tag: Buffalo

2015 in Buffalo

It's felt like a quick 2014 here in Buffalo, but all in all it's been the best year since I moved here. Momentum is gathering and in certain areas, house prices are rising fast (Overall, Buffalo prices rose 16 percent since May 31, 2006 – highest among the nation’s 100 largest metro areas, according to research by Clear Capital) The biggest risers have all been the more upmarket city districts,...

US Market Powers Ahead Again…

Great news for existing investors in US residential market - here, as the UK's Guardian Newspaper talks about the US markets ongoing recovery. Rising US house prices, coupled with the rising US Dollar (vs Pound Sterling and Euro) continues to confound the investment bears as the Dollar remains the 'World Currency' in the face of stalling confidence in Europe and around the world. A strong US Dollar...

House for Sale: West Side, Buffalo

Large 4 unit building for sale in West Side, Buffalo, USA. This building, fully let for $2100 a month and in great condition is in an excellent up and coming location on Buffalo’s West Side. The famous ‘West Side Bazaar’ is round the corner as well as the café’s and shops of Grant Street. This would be an excellent growth play as the neighbourhood improves rapidly and potential values and rents...

Buffalo Downtown Booms

One investor, over a few months back, asked me – where are the attractive areas for young entrepreneurial people in Buffalo? And it was a question that, despite there being some lovely city neighbourhoods, I couldn’t really answer at the time, and it made me think about the central part of Buffalo and the opportunity it presented. The heart of any city is the most important part. It’s the image...

Gold or Real Estate?

It seems everyone is talking about buying gold these days, so I thought I’d look at a broad comparison between this ‘safe haven’ asset and the type of real estate that I encourage on this website. Real estate and gold have a number of similarities: 1. Both are physical, tangible assets, and are thus good insurance against inflation of paper or ‘fiat’ currencies (i.e. USD). 2. Both assets therefor...

Real Estate Myths Debunked: ‘Location, Location, Location’

We’ve all heard slick TV real estate agents coming out with the same tired old cliché advising us that ‘it’s all about location’ in order to make some kind of wise real estate decision. As if just by saying it, it makes them seem smart or clever. I doubt if they really even think about what they’re saying. Of course, Knightsbridge is a ‘top location’ in central London, and would tick all the...

Buffalo House Prices Set Record in June

The median sale price of Buffalo homes increased by 7.1 percent to a monthly record high in June according to statistics from the Buffalo Niagara Association of Realtors (BNAR). The median sale price of the homes increased to $127,500, which was the highest monthly median sale price ever. The July median sale price topped the previous monthly record of $125,000 set in July 2011 and October 2010. The...

Education and medicine – booming recession proof industries in Buffalo

I was looking through the stats of various state, and cities, looking for trends, and I noticed the chart below. It plots the increase in employment in Education and Medical professions in Buffalo, since 2002 to it becoming the city’s largest employment sector in both terms of numbers and as a %. As you can see, regardless of the economic situation, the number of jobs here are growing, replacing...

Story of a Yield Hunter

A lot of people ask me – how on earth did you end up in Buffalo? In fact that’s often one of the first things people ask. So here is my story. In 2000, Hackney East London was a poor neighborhood. When I moved there, my colleagues in the city enquired on my sanity. ‘But I can walk or cycle to work’ I reposted. ‘And it’s half the price of Islington, a mile away.’ [caption id="" align="alignleft"...
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