How funny - since I've been to Niagara Falls and have talked about it here and on RB so many times.
The city proper is a dump... a cesspool, filled with starter crack houses and huge, hundred year old mansions that could be bought for considerably under 10,000 dollars. Yep, you read that right. Pretty wild housing prices, but you wouldn't want to live there.
The outskirts of the town... five or six miles from the falls... aren't bad at all. Quite nice, in places. In 2004 or 5, I visited one of the houses I'd lived in when I was young and found the entire neighborhood remodeled. I spoke with "my" house's owner and was even given a tour. It was a nice 4 bedroom, 2.5 bath, I think, in a better than average middle-class neighborhood and could be bought for about $70k.
I'm sure it would rent for more than $700/month, so it meets the criteria for an underpriced house. Too bad I'm enamoured with New Hampshire... and so down on New York.
June 15, 2011, 5:01 a.m. EDT
The 10 most affordable U.S. home markets
Weak local economies take toll on home prices in these cities
By Amy Hoak, MarketWatch
CHICAGO (MarketWatch) — Niagara Falls, N.Y. is well known for its beautiful views and its popularity among tourists. But here’s something you might not have known: It also has the most affordable housing market in the country.
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1. Niagara Falls, N.Y.
Niagara Falls, N.Y., is the most affordable market in the country, with listing prices of about $60,820 on a four-bedroom, two-bathroom home.
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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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