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^To be honest, if it is to invest in an area where people are actually looking to buy will frustrate said people. It is tough enough for those looking to buy and to just invest may get push back for this reason.
^To be honest, if it is to invest in an area where people are actually looking to buy will frustrate said people. It is tough enough for those looking to buy and to just invest may get push back for this reason.
The real estate is less risky in CNY.
This is what I like about it.
and, I will likely retire in the area.
I can also buy more properties, as entry to market requires less capital than more popular areas.
Also, places like Southern California and Florida/Carolinas offer much less value, as their markets are mature and expensive to enter.
I do the upside is greater in these more popular areas, but the downside or risk is much greater.
I want less risk, a more stable investment, and CNY will offer that.
The real estate is less risky in CNY.
This is what I like about it.
and, I will likely retire in the area.
I can also buy more properties, as entry to market requires less capital than more popular areas.
Also, places like Southern California and Florida/Carolinas offer much less value, as their markets are mature and expensive to enter.
I do the upside is greater in these more popular areas, but the downside or risk is much greater.
I want less risk, a more stable investment, and CNY will offer that.
My question still remains, as what kind of properties are you looking to buy and where? As mentioned, there are people looking to buy in the area and are still having issues. This is considering that Syracuse has one of the lowest median home sale prices for a mid to major size metro in the Northeast. So, some of this may come down to budget for some looking to buy.
I will say that you would get pushback in the old money neighborhoods in the city, as well as from homeowners in the University area. You may also get some from more marginal/lower income areas due to what some people in those neighborhoods feel is the Land Bank taking homes, selling on the cheap in order to push people out. So, this is why I'm asking questions, let alone the same/similar questions over and over makes things seem "fishy". I'm trying to be very measured with what I say on here.
Last edited by ckhthankgod; 04-28-2022 at 08:24 PM..
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