I have been to Elmira and Corning in the last 12 months looking at properties but the thing to consider is what level of properties are you buying. Elmira has the goal and many Aussies are being conned into buying there simply because of the prices, buyer be ware of the areas and the dog boxes being offered to you. Corning is a lovely town but it’s moving off shore to China and the factory workers are going to be out of work therefore the low end of the market is very dangerous at the moment. There are a lot of properties returning up to 40 % but ask yourself the question as I did why are they selling the property if it is so good. Be careful in the areas of Rochester (Kodak) and Corning (Corningware) as the there is a lot of change going on in these companies. I spent 2 weeks there speaking to many different real estate people and soooo many of them are con artists trying to get you to buy something without knowing of the future changes in the area.
Anne