New York Housing at 90% Off
Back to cheap housing for a sec. So while we were hunting around for great deals in Uruguay and Zambia the other night, just for the heck of it we clicked over to Trulia and did a search in a zip code near and dear to us: 14222. Yes, stay with us - that's in Buffalo (technically part of New York State for those of you just arriving). Don't click away yet; that zip code is the Elmwood Village, an incredibly charming enclave of turn-of-the-century Victorians with porch swings, huge elm trees, and a vibrant strip of local retail, art galleries and the like. Throw in a couple Frank Lloyd Wrights just to sweeten the deal.
A quick bit of math showed that of the 17 properties listed (minus one that's not showing floor space), the average asking price per square foot is $126. Compared to just over $1,000 per square foot for Manhattan residential. And that figure includes every Manhattan zip code, not just prime neighborhoods. Don't miss Buffalo's average home prices: 3-bedrooms are $73K and 4+ bedroom properties jump to a whopping $130 big ones. Really, take a look at the gems up there - mostly well south of $300K - and you're likely to get depressed.
And for those of you who "could never live in Buffalo", the $700 - 800K you'll save buying upstate can buy you a personal helicopter for commuting - and about $500 large for gas, or a heck of a lot of points on JetBlue.
Buffalo bargains on Trulia.com