Tag: property

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,...

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...

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...

Risks of investing?

Someone asked me the other day – ok Alan, if I should be looking at about 15% return plus capital growth, there MUST be some risk involved there. What are those risks? So I thought I’d share my thoughts on this with you. 1. Management Good management is the overriding factor in making the difference between a successful investment and a bad one. Having bad or ineffective management of the property...

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"...

The Year of Cash

More than any year in the recent economic troubles, this year ahead looks to be the most interesting yet. The general public are now belatedly coming round to the idea that valuing real estate on a ‘future capital growth’ basis is simply not sustainable. In other words, one by one everyone has finally admitted to themselves, in Europe and the States, that it was just one big bubble. But the...

Buffalo Property Transactions June 2010 III

Buffalo property transactions over $5,000 as listed in records of the Erie County clerk’s office for the week ending June 20. Highest price: $1,600,000 Average price: $189,615 Median price: $75,000 Number of Sales: 46 • 304 North St., Grace Manor Health Care Facility Inc. to Grace Manor Llc, $1,600,000. • 310 North St., Grace Manor Health Care Facility Inc. to Grace Manor Llc, $1,600,000. •47...

Buffalo Property Transactions June 2010 II

Buffalo property transactions over $5,000 as listed in records of the Erie County clerk's office for the week ending June 13. Highest price: $900,000 Average price: $119,792 Median price: $45,000 Number of Sales:30 40 Stanley St. & 1399 Bailey, Joseph T. Ryerson & Son Inc. to 40 Stanley Llc, $900,000. 200 Delaware Ave., Unit 1503, Uniquest Delaware to Wayne W. Mertz; Patricia M. Mertz,...

Successful Real Estate Investing 3 – Focus On Cashflow

In the past, there was a received wisdom (usually among agents selling overpriced ‘investments’ for high commissions) to ‘invest for capital growth’ – i.e. don’t worry so much about what the Yield is, just buy where you think is an ‘up and coming area’ or ‘the next big thing’ – these in Europe were places like Capital cities in Eastern Europe (Tallinn, Riga, Sofia, Prague, Budapest) and Holiday...

Why Invest In USA? Why ‘Rust Belt’ Cities?

USA has the largest real estate market in the English speaking world. It also is one of the most diverse.There are arguments on both sides for investing in US assets but events are beginning to show that the US$ is behaving as a ‘haven’ currency, retaining and even strengthening against the British Pound and Euro and is perceived as having more internal stability, within a more dynamic economy. ...
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