From Buffalo Rising:
Buffalo’s Real Estate Revolution: How It Became 2024’s Hottest Housing Market
In the heart of the Great Lakes region, a remarkable transformation is unfolding. Buffalo, once overshadowed by larger cities, has surged to the forefront as the hottest major housing market of 2024. This accolade, bestowed by Zillow’s comprehensive analysis, reflects a synergy of factors making Buffalo uniquely appealing, especially to progressive, local homeowners.
At the core of Buffalo’s allure is affordability. In a landscape where housing costs soared to record highs in 2023, Buffalo presents a refreshing contrast. The typical home value in Buffalo stands at $248,445, with a mortgage payment of just $1,792 for a 5% down payment, and a modest average rent of $1,257. This affordability, a beacon in the turbulent real estate seas, is instrumental in drawing new residents and retaining existing ones.
But affordability isn’t Buffalo’s only charm. The city boasts the highest number of new jobs per new home permitted, a vital indicator of economic vitality and a predictor of housing demand. This job growth, coupled with an increase in owner-occupied households, signifies a robust, expanding community. Buffalo’s housing market is buoyed by this employment surge, ensuring a steady influx of new residents eager to call this city home.
Buffalo’s rise is set against a backdrop of changing trends in the national housing market. Zillow’s analysis of the 50 largest U.S. metro areas revealed that markets like Buffalo, which blend affordable housing with strong job prospects, are leading the charge. This shift is significant, as in previous years, markets like Charlotte, Cleveland, and Atlanta were in the limelight, while cities like San Antonio have seen a decline.
The methodology behind this ranking is comprehensive, taking into account factors such as expected home value appreciation, new jobs per housing unit, and the speed of home sales. These elements combine to create a dynamic, yet stable housing market in Buffalo, marking it as a location of opportunity and growth.
Buffalo’s ascent to the top of Zillow’s 2024 hottest housing markets is a testament to the city’s unique blend of affordability, economic growth, and community vitality. This achievement reflects a broader trend of shifting preferences towards markets that offer both financial and lifestyle benefits. For Buffalo homeowners, this news is both a validation of their choice and a beacon of hope for the city’s future.
Remember my first business trip to Buffalo, late 98-ish.
Was a complete ghost town, at least 90% of businesses in town were boarded up, empty. It was like some neutron bomb went off, killing everyone, and leaving the city preserved in the late 70s. Even the hotel was a completely ghost town, I remember staying in that huge Hilton or whatever, and I must have been only one of a very, very small number of guests at the time.
The office out there at the time was a few floors that were converted in an old windshield wiper factory building. It was low-cost real estate, in a depressed market, which was where the whole outsourcing industry in the US really started (setting up shop in economically distressed geos with high unemployment).
Was there maybe 20-30 times in the late 90s, early 00s, and you could start to see the turn YEARS ago, but it was so, so slow. There was also so much amazing real estate, but nobody in their right mind would ever consider it at the time.
I thought Buffalo’s entire economy was based on weck, Webers mustard and snowblowers.
Anchor Bar
Gator and I went up to Buffalo on Continental once because we needed the miles to make either silver or gold status when it actually got you upgraded to first class most of the time. We drove up to the falls from there and checked out Corning and that crazy hydro generator. We decided to go to a local mall. It was at least 2/3rds vacant. Since then, I’ve only flown there to drive up to Toronto for a few hockey tournaments. So I would gamble Rochester will be next to rejuvenate.
Rochester has got to be ahead of Buffalo. Last time I was in Buffalo has got to be 5 or 6 years ago, but there was still an overwhelming Detroit vibe in many of the first-ring suburbs.
I haven’t been to Rochester since about 2008 so I could very well be wrong. Actually, I think I went to a hockey tournament there about 7 or so years ago, but really didn’t get out to see much.
Ten 404
Police launch investigation into claims Lauren Boebert punched ex-husband Jayson twice in the face when he made ‘lewd’ advances in a Colorado restaurant.
Boebert has denied punching Jayson, but admits ‘putting her hands’ on him
Sure she did. But it is okay, that’s a one way street.
Lib,
Lucky you weren’t on this one, where pilot error sent everyone into the ground in a perfectly fine airplane:
Colgan Air Flight 3407 (marketed as Continental Connection Flight 3407) was a scheduled passenger flight from Newark, New Jersey, USA to Buffalo, New York, \
My Max8 flight on United from Tampa to Newark last night was packed, probably because the Max9 flight that was scheduled for later got cancelled.
Got suckered into giving up my aisle seat for a middle seat by mother wanting to sit next to her 10 year old. The mom pitched it as me giving up one aisle seat for another aisle seat, but of course it was actually two middles they had.
No big deal, my good Samaritan deed for the year.
Watched Oldboy for the first time. Overrated.
If it was packed, she probably couldn’t pick the seats beforehand if she booked late.
Very nice of you.
Ahh, the check engine light is on. We capitalists still need to make money. Take it over to crooked Joe’s airplane shop and have him turn out the light, and keep it flying baby. Greed is good. It’s the lifeblood of America.
The Alaska Airlines plane that lost a piece of its fuselage in midair on Friday was not being used in long flights over water because a pressurization warning light had gone off during three recent flights, the National Transportation Safety Board said on Sunday.
Americans. My fake boo bies are hurting, my boyfriend beats me, I have two cops as boyfriends.
Hehe.
https://youtu.be/J8KZNocOv3c?t=10
Phoenix, I remember that one. The pilot apparently hadn’t slept for like 36 hours before he screwed up. When we went up, it was on a Brazilian Embraer.
It’s truly incredible what a POS the MAX 8s are. The entire aerospace industry had reduced manufacturing errors to nearly NIL and the number of aviation accidents has been impeccable. Then the MAX 8 comes along and they can’t even get these things off the ground. First it was batteries igniting. Then it was bad math in the auto pilot. Now there are loose or missing nuts and bolts and the facade over the door space is made of balsa wood. This is simply outrageous.
Lib
Boeing had years of experienced engineers and staff. You don’t pay people well and have your stock go up as fast, so lazy people can make passive income off the backs of people who actually work for a living.
Things take time. Now you are seeing the effects of Wall Street greed. I guess this is what they teach in finance school. I see it in my industry as well. The one’s coming in are leaving as fast as they can. Not going to continue. Spent too much on school, not a big enough paycheck to pay the housing prices Wall Street wants for a return. And if they have to stay, welcome to passive aggressive, where no one cares about anything. Why should they? Wall Street is siphoning money right out of their paychecks.
And those pilots, they sleep like rats in bunkers, one moves in, one moves out. They fly unpaid to a destination where they get into the plane they are actually paid to fly. Wasted time, no profit, Burger King wages.
Physical work, naah, some bean counter has assessed your value and how you deserve to live in America. This country is run by corporations, not voters. It’s all an illusion.
No wonder everyone is boozed up, vaping, doing weed, getting bolt-on’s and getting la id.
Swifties take on NYT due to nasty article they posted.
Hehe. Swiftie Women are like Rabid Honey Badgers.
NYT is gonna feel the heat. And the blood loss.
Two hours.
An Iphone 6 can record longer than that:
NTSB investigators were unable to uncover communications from the cockpit voice recorder, which overwrites itself every two hours and was not recovered before the recording had been automatically erased. Homendy called on the Federal Aviation Administration to implement a rule that would require the automatic overwrite time to be increased to 25 hours, a standard she said the NTSB has called for and is “consistent with Europe and many other countries.”
This Boeing thing is unacceptable. The Board needs to clean house, issue a statement of commitment to a different direction and hold all levels accountable. This is akin to what automakers were producing in the 80s. Unacceptable.
In the latest dump of papers – made public on Monday – are emails sent by Epstein victim Sarah Ransome to DailyMail columnist Maureen Callahan in 2016. At the time, Callahan worked for The New York Post and was reporting on Epstein.
Ransome claimed in those emails that Trump had sex with ‘many girls’, including a friend of hers who is not named.
But did he pee on them?
Damn, EpsteinWorld seemed like an amazing place.
Here’s a good reason to abuse opioids.
https://www.cbsnews.com/news/man-dies-crawling-into-plane-engine-salt-lake-city-airport-utah-delta-air-lines/
Lib,
I thought he was the one who wants to be peed on.
To be honest, Ransome’s claims would sound more credible had she communicated them in 2013 rather than 2016.
Call it the Anita Hill effect?
VSG,
Ya got him this time! I can sense it! Seven years and dozens of manufactured crisis’ but this time, I think ya really got Trump!
Ten months to the election and TDS sufferers like Unstable are already obsessing. If he doesn’t relax he’s going to wind up in the Psycho-Neurotic Institute for the Very, Very Nervous, barking like a dog like Charlie Callas’ character (High Anxiety). In any case, very good time to be a psychiatrist; business is going to be booming with limp-wristed sky-screamers like Unstable.
Speaking of abusing drugs,
The WSJ published an article about Tesla’s board of directors being concerned about Musk’s drug use, which allegedly includes a pretty wide range of mind-altering substances.
Unsurprisingly, on X (nee Twitter) Musk fanboys are ridiculing the article, and suggesting that this is proof it’s a great idea to take a wide variety of drugs. (And especially before turning over the driving to “Autopilot”?)
Some of those fanboys would probably like to take mushrooms and then strap themselves on to one of his rockets.
I wish something would stop Trump. Despite all these political devices, it seems like his own health seems the best bet. Which he overestimate and overstates like everything else about himself.
Why can’t the US come up with some semi-normal presidential candidates?
Because no one good gets through the ringer. When my uncle considered moving from the state level to the Federal, his wife said no effin’ way.
Phoenix, here’s a great little story about how much money pilots make.
I found it on Quora. I suspect there are a lot of jobs where there’s a similar trade-off.
How much does a pilot make?
So I know a few pilots and I’ve done some research on this topic. I want to be a pilot one day so I’ve looked into it decently. Here’s what I’ve found: It depends on how far along you are in your career and how hard you work
Alright, you’re fresh out of flight school with your ATP rating. You land a job at a regional airline flying commuter jets from point-to-point.
You’re super excited because now you can start to work off the $40,000 of college debt you have as well as the $80,000 flight school tuition you’ve accumulated. The airline, in desperate need of pilots, offered you some tuition reimbursement. You went to a state university, got all your gen-eds out of the way at a community college and worked really hard while in school so you wouldn’t have to take out loans during that time, so in actuality you’re only $50,000 in debt.
“I’ll pay it all off in no time!” you think because pilots make a lot of money, right?
Not in your situation they don’t.
You’re young, you’re inexperienced, you just want to live that dreamed you worked a quarter of your life for. And you know what? Those crappy airlines know that. They’ll pay you not even half of what first officers make at a major airline. Your payment is that you finally get to fly and what else are you going to say about it? You make $35,000 a year to sit in the right seat, work all the hours no one wants to work, spend every holiday away from your girlfriend and family, but you. keep. at. it.
Why? Because you made it this far and you worked too damn hard to stay in this place
5 years goes by. Pilots are flying through these regional airlines because the major ones need them more and they offer more money. You’ve already been promoted to captain, you’re making maybe $70k a year at this regional airline now. You realize that as you get older, flying is still amazing, yes, but you want more. That debt is still there, your girlfriend still is thankfully even though you were always gone half of the year, and you’re ready to move on to bigger and better things.
You apply at American Airlines.
A pilot you know there told you that base pay for first officers begins at $85,000 a year. You’ve got hours, you’ve got seniority, so you get hired. Guess what. You’re back at the bottom again.
You’re working awful hours, you’re gone on the holidays, but you’re paying off the debt, you’re paying off that nice ring you got for that woman that will soon become your fiancee. A few years later you get promoted to captain. You’re now making almost double what you were when you first began because you worked extremely hard just like you always had.
Things are great. You’ve got a wife, a house, decent cars, you can save for your children’s college and invest in your IRA account. Retirement pension at major airlines are pretty good as well.
It’s your last year, you’re now making several hundred thousands. Most others in around you are around $200k a year. You worked hard, you flew full time and took no breaks like everyone else did because they could afford it. And you’re making much more than them.
You walk out of that Boeing for the last time. You take a second look back knowing you’ll never have the guilty pleasure of experience just how powerful humanity can become to conquer that which belonged only to birds so shortly ago.
Your kids with their grandchildren pick you up at the airport. They drop you off at your house, you hug your wife hello and promise her you’ll never be gone for weeks at a time ever again. You look at the ring on her finger as a testament that everything you’ve been through was hard, but just like that diamond, what you all had was too stubborn for it to shatter. You then think back to when you first began: $35k to $350k. Mornings and late nights back to back. Paying your way through college by working during college. You’ve worked hard all your life. Your marriage was difficult because you were gone all the time. “Was it worth the money?” You ask. All the missed holidays…the strain it put on your relationship…missing your kids games and events…you flew for half a year every year…you missed out on half of their life…was it worth it…?
Pilots are not glorified bus drivers. They do a lot more than sit down, drink coffee, and letting that over priced aluminum can fly itself. Their entire life they’ve worked and glorified the moment of flight until they’ve reached the point in their life where they could finally touch the wild blue wonder with their fingers. Many of them can’t hold relationships because of this job. Many of them are overworked, under-nurished, and sleep-deprived. $35k a year is nothing for someone who’s mental sanity you’re trusting to get you and dozens of others home safely. All pilots are respectable professionals. And like all professionals, they deserve high salaries that go well into the hundreds of thousands of dollars.
If you work hard, you will have that. Some pilots do not work that hard (relatively) and do not make that much. As such, they make less money, but they had more fulfilling lives (possibly.) Judge your character and you decide how much you will make. It will not be a lot at first, but keep at it and you will be above the rest.
I have a friend from college who always wanted to fly. Did flight school and all of the exams and posts great pictures from the cockpit of the regional jet he now flies. He’s always exhausted, but still loves every second in front of the wings.
I see the market is back to normal.
Randolph Duke: That man is a product of a poor environment. There’s nothing wrong with him, I can prove it.
Mortimer Duke: Of course there’s something wrong with him… he’s a Negro!
How times have changed.
No One – re: “Tesla’s board of directors”
Nobody cares…. Steve Jobs used to do LSD and who knows what else.
From the article “Most investors won’t care, because it falls into the category that if you want to profit from Elon, you have to put up with his controversies”.
“Tesla’s shares since September 2018 have soared a whopping 1,168%. That was when Musk took a puff of marijuana on a podcast. “(Rogan).
There was not a single sentence about drug use in the 600 biography I just read. Walter claimed he had unfettered 24 months of access, late night SMS charts, and access to family ex-ex-wives.
No one
Till you find out your unhappy wife is banging the neighbor since she is bored while you are away, and since she puts the kids on the bus, put them to bed, take them to the doctors, she will get your house, alimony, and child support while some other dad is raising your kid.
No fault divorce doesn’t care if she banged the entire neighborhood. enjoy flying your airplane.
Best thing for a pilot is to hook up with every stewardess he can and never marry.
I think they call them flight attendants now, Boomer!
You guys are running away with it a bit. An ex-friend is a pilot. Flew corporate/private out of Teterboro then transitioned to a large carrier. One is clearly more in control of their schedule with seniority but the trips are rarely more than a few days. IIRC, he hit his hourly maximums – so long as trips/legs were well planned – at 10 days per month?
Three trips of 3-4 days and you’re home all other times. I mean… it’s not the worst schedule. Except that those 3-4 days for the first 1/2 of your career occur at the worst times (weekends, major holidays, etc.). I would argue nursing schedules are more arduous.
You also better manage money well as forced retirement is there to greet you before you know it.
The dry air, cramped quarters, jet lag and shitty food doesn’t make up for taking the van together to the hotel with a bunch of 20 somethings…
Phoenix,
So you’re saying that airline pilot is the perfect profession for cuckold enthusiasts.
On the other hand, it’s probably also good for serial cheaters, guys who like to keep multiple girlfriends/wives in different cities.
Or maybe just regular people, because everyone isn’t obsessed with cheating on or being cheated on by their spouses.
Predictions 2024: these posters will talk about their favorite subjects
Pumpkin : Cathy Wood
Phoenix : Cheating women
Very Stable Genius : Trump
Fast Eddie : Trump
SmallGovConservative : Trump (who doesn’t actually favor small government)
Libturd : deals (isn’t this a stereotype?)
Chifi : 10 year bond
Grim : he actually has a diverse set of interests but I’ll say New Jersey
No One : Ayn Rand
Boomer Remover : Gen X people
LAX : California
Bystander : an insultingly low job offer
Or maybe just regular people, because everyone isn’t obsessed with cheating on or being cheated on by their spouses.
Everyone’s a swinger!
It’s gonna flood like Edna if you live near any of the major rivers on Wednesday and Thursday (from the 2-3 inches or rain expected Tuesday night). If the storm on Friday night into Saturday is a big one, you better start building an ark.
Winds are predicted to be pretty massive too, so power outages are likely as well.
“Bystander : an insultingly low job offer”
That one made me snicker.
This is fantastic and what I would do.
https://www.threads.net/@yasharali/post/C12ixOBvSqr/?igshid=MzRlODBiNWFlZA==
No One says:
January 8, 2024 at 3:43 pm
“Predictions 2024…”
I’m just a guy that occasionally points out the non-stop stupidity of the Dem stooges. the Rep nomination will likely be in the bag by the time we get to the NJ primary, but if by some chance it’s still in doubt I’m likely to go with Vivek.
So on Friday night after a few Chardonnays, I decided to see if I could use AI write a book. So I fired up ChatGPT and went at it. I just finished and it came in at 10 Chapters, 200 pages and 48000 words. I choose Blockchain as a subject as its an area I understand, and want to consolidate my knowledge and skillset. Overall about 10-12 hours invested and most of that was formatting in Word.
Its not perfect, as it will need a lot of editing. There is some repetition between chapters and I will need to enhance some chapters with real life use cases. Also, I need to work on diagrams and figures to break things up and help explain some concepts.
Overall, I have to say, this is a game changer. It wont replace a good copywriter, but will make them a lot more productive.
“Predictions 2024: these posters will talk about their favorite subjects…”
Leftwing: markets, and trolling the perma-Left on here…
I’m in on an up, possibly strong up, year….likely to have some volatility especially as markets like to re-check once they break record highs (1% away) and due to the rate cut discrepancy of three (Fed) versus six (market).
Lib, grabbed some XOM…starter position, let’s see where she goes from here. Options.
On ALKS, was going to double down the shares with some put write protection a couple weeks ago, figured why waste the premium so instead opened up the stock position by 50% more…was in at the low 24s, now at 25.40 on the entire position…stock ripping at 29.60, blended total return at 16.5% now. They present JPMorgan Healthcare Conference on Wed, let’s see what she does this week may exit at least some on that event…
Keeping an eye on DG, one of my better finds last year…would like to see her resolve which side of 134 she intends to reside…
Will keep an eye on other things coming out of JPM conference, it’s a market mover, like BMY, JNJ…
After exiting in Dec reloaded RSP, and WBA on the earnings dip…first flattish, second continues to rip…little bummed there, went in tentatively respecting my three day rule and it just turned intraday and didn’t look back…
And I’ve posted him here before as I really like everything about Bilello’s work, and the below year end summary touches on nearly everything macro (national debt, housing) and market related. Nice piece to center people micro-focused on the next weeks or the next event to a longer term perspective (or at least to 12 months). My read through of his work is part of what makes me bullish for this year…I’m basically planting a bunch of (leveraged) chestnuts that will return me at least 50% provided the market ends 2024 at least flat…even Lib may take those odds….lol.
https://bilello.blog/2024/2023-the-year-in-charts
Good hunting all!
Full on Red Alert doom for the storm, lakes are full and 18 ft waves and 60 mph winds?
DA allegedly hires lover for 600k to be special counsel to prosecute 45.
https://www.dailymail.co.uk/news/article-12940699/Fani-Willis-accused-hiring-man-romantic-relationship-prosecute-Donald-Trump-play-prominent-role-election-interference-case-bombshell-court-documents-claim.html
Using ChatGPT to write a book about blockchain?
AI just jumped the shark.
Wayne mayor asked the Governor and DEP to open the pompton dam spillway and drain the reservoir.
Denied.
The spillways will likely automatically open during the storm tomorrow.
Good luck to all those downstream on the mighty Passaic.
It’s gonna be a mess. North Florida is already bracing for the worst. They are talking 140MPH wind potential on Mt. Washington. The rain will start at 1pm tomorrow, so make sure your pumps/drains are clear before then.
Another one. Just look at the pictures.
https://www.dailymail.co.uk/news/article-12940995/Glamorous-Missouri-math-teacher-26-charged-rape-having-sex-16-year-old-student-high-school-child-showed-friend-huge-scratches-victims-dad-faces-charges-allowing-relationship-happen.html#reader-comments
Poor kid. Got a problem, your mama tells you to call a cop. Now you have two problems, one is a bullet hole to the chest, the other is massive blood loss.
Confronting bodycam footage shows the moment a black 11-year-old boy was shot in the chest by police despite holding his hands up.
Aderrien Murry was awoken about 4am on May 20 to the sound of his mother’s ex-boyfriend behaving threateningly, so she asked him to call the police.
When officers arrived moments later, Aderrien said he was asked to step out of his room and when he did he was shot.
https://www.dailymail.co.uk/news/article-12939265/aderrien-murray-shot-indanola-police-greg-capers.html