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Overheard on the subway..


Guffalo

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Assessed valuations are garbage.

 

I would generally agree...except that they relate to housing costs, and relate STRONGLY to taxes. No matter how you slice it, it's still BS that my father's house sells for $150k in WNY and he pays $5k in taxes on it annually, whereas down here it would sell for $400k and he'd pay $3500 in taxes. Even if you amortize recordation and transfer taxes over the average time of ownership of a house into the annual tax costs, it's still ridiculously out of whack.

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Does anyone know of a recent firm/company that either has a presence in Buffalo or has just moved to Buffalo recently?

 

Geico.

And Bass Pro is excited about th eopportunity of coming to Buffalo.

Blue Cross or someone building a new HQ here.

Some dude named Basha Issar or something with some pretty grand designs in town. Maybe Bass Pro like though. Although he did buy the old Statler and apparently lives up on the top floor alone and isolated when he is in town.

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As I was on the 1 train in Manhattan, I overheard some women talking about recent layoffs. One comment caught my attention

 

"...........yeah, they are moving the jobs to Buffalo and Tampa, thats where there is affordable housing and labor"

 

Does anyone know of a recent firm/company that either has a presence in Buffalo or has just moved to Buffalo recently?

 

Did this woman on the subway look like George Seifert?

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Assessed valuations are garbage. What does the house's assessment have to do with the resources the occupants of that house use from the city/county/state?

 

Buffalo taxes are high relative to the assessments, but in how many places in US can you buy a real house for less than $70K?

 

The community I live in... 45 miles south of Chicago... Also... I betcha you can get something real nice in the Quad Cities for that much... Or say Peoria, Illinois?

 

My hourly wage is set to the scale where our district is HQ'd... That's the Quad Cities (Rock Island, Davenport, Moline, and Bettendorf)... I work in freakin' Chicago... You know what? That is a good thing because the wage scale is HIGHER in the Quad Cities than if say I worked for Chicago District... Thank you John Deere! Go figure?

 

Back in the early 1980's when Chicago district gave up this part of the Illinois waterway to the Rock Island district... People here actually RECEIVED MORE in lump sums to make up the diff!!

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Rank them with most of the rest of the country, and "outrageous" fits. My father pays the more real estate taxes on his house than I do on mine with three times the assessed value.

 

I think, though, that even with the high taxes, houses are selling for a 50% discount than they are here in the Lehigh Valley with a similar level of income.

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I paid 215K for my house & I pay I think 4,400 in taxes living in Lancaster.

 

:thumbsup:

 

Damn, that's like twice what you'd pay around here

 

But then again those New York Blue-staters are much wiser and more sophistamacated than us Virginia Red-staters

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I would generally agree...except that they relate to housing costs, and relate STRONGLY to taxes. No matter how you slice it, it's still BS that my father's house sells for $150k in WNY and he pays $5k in taxes on it annually, whereas down here it would sell for $400k and he'd pay $3500 in taxes. Even if you amortize recordation and transfer taxes over the average time of ownership of a house into the annual tax costs, it's still ridiculously out of whack.

 

Welcome to the death spiral. With a roughly 50% decline in the tax base, but not a commensurate drop in city/county expenses, property taxes are out of whack. And the region doesn't have enough political clout to get more welfare from downstate.

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:thumbsup:

 

Damn, that's like twice what you'd pay around here

 

But then again those New York Blue-staters are much wiser and more sophistamacated than us Virginia Red-staters

215 grand will get you about a 2400 sq foot home with 4 bedrooms, 2.5 baths, 2 car garage, and a nice yard in WNY. What can you get for that in Virgina? Or in other parts of the country? Just curious....

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