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Non-Tech : Investing in Real Estate - Creative Opportunities -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (2221)	4/24/2014 2:30:30 PM
From: John Vosilla	Read Replies (1) \| Respond to of 2722

There are houses costing less than an expensive Mercedes Yes but that is the case in much of the country and RE taxes and often utilities are a fraction of the cost. These very low rates for a couple more years will bring many areas of the country closer to what fair value should be a nice driver for the economy. PITI just way too low compared to equivalent rents. I just fear very high cost of living relative to incomes, high unmanageable debt levels as the end game..

To: tejek who wrote (2221)	4/26/2014 12:57:42 PM
From: renovator	Read Replies (2) \| Respond to of 2722

There is more going on upstate than meets the eye. I am from the Rochester area, but have lived downstate for close to 40 years. However, numerous nieces and nephews from that area are well employed young adults forming happy families there. Most went to SUNY schools, as I did, and have the advantage of smaller college loans. Quite a few small companies have formed from offshoots of big long term regional industries like Kodak, Corning, Xerox, Gleason Works, etc, over the last decade or so, and are now combined with larger national or global operations. At the same time, it seems a lot of large business have relocated back office operations in insurance, banking, payroll, etc to the region. It is not a coincidence that there is a huge amount of activity in the Rust belt. From upstate NY it is an easy shot to cities in Michigan, Pennsylvania, Ohio and Indiana which have been reinventing themselves and which have close proximity to the big growth and economic activity in Toronto, just across the Great Lakes. Cuomo is fighting the battle all NY governors have between the big money, big media, big attitude downstate region and the rest of the state. For those from other areas, downstate is basically Westchester county, NYC and the 2 Long Island counties, with everything North and West of White Plains considered "upstate." Oddly enough, that divide persists even after years of NYC and Long Island folks moving further up and out into areas of "upstate." The folks who have moved further away, but still have economic ties to NYC often go out of their way to try to identify with their new local neighbors and to differentiate themselves from "the city."