Tag: real estate

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,...

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...

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"...

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...

Investment Checklist – Buy Where Recession Proof Sectors Dominate

It's not rocket science, but you would be amazed at the number of people who don’t check the local employment makeup when buying investment property. With the economy in many US cities in bad shape and likely to remain precarious, it's wise to look at what the dominant sectors are in your chosen investment location. According to this report - http://microreviews.org/5-recession-proof-sectors/ ...

Why Are House Prices So Different in Different Cities?

Let’s look at two US cities with similar median income - Buffalo, in New York State, and Los Angeles, California. Both stand around the same level at $63,000 yet the unemployment in Buffalo stands at around 7.7%. It is a full 2% below the national average, while in Los Angeles it has shot up to 11.6%. So why does the average house in Los Angeles cost $321,000, more than 3 times that of Buffalo,...
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