When we went to Vestal the other day, I couldn’t help but notice the amount of places that were up for sale. It seems like just a few years ago there was a real estate shortage in the area. People were buying up property left and right, new businesses were being built.
The new racino may be closing, so many businesses are already closing and moving out of the area. Soon all that is going to be left are the shopping centers with the large chains that can afford to stay in dead areas. And it’s not even just businesses that are up for sale.
Along one 20 mile stretch of highway, I counted at least 10 private homes that are on the market. That’s before I quit counting. It’d depressing to watch this area go trhough these cycles, hopefully this one won’t totally kill the region. We have enough major empoyers that it shouldn’t.
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