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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (55573)	8/30/2006 10:20:53 PM
From: Moominoid	Read Replies (1) \| Respond to of 116555

Syracuse, Rochester, Buffalo are some of the cheapest metro areas in the country and this isn't a new phenomenon. They are also the snowiest cities in America. Might have something to do with it apart from the decline in industry there. State income tax is fairly high and property taxes in NY very high especially for any productive property in depressed cities. I live in the most expensive metro area in upstate and still below the US average house price 150 miles from Boston and Manhattan.