Home Buying in Shenandoah>Question Details

Mayra, Home Buyer in Shenandoah, PA

should i buy property in shenandoah or will this town become a ghost town?

Asked by Mayra, Shenandoah, PA Thu Feb 14, 2008

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Mayra--I am a real estate broker selling homes in this area. Only you can answer that question. Why do you want to live here? Do you have family here? A job? If so, it can be a great area to live in. Homes are very inexpensive (we have a half a double for under $20,000!) and the taxes very reasonable. However, if you have no reason to be here (family, job, etc) then perhaps it is not for you.

Will it become a ghost town? I don't see why it would. There is industry here, and there are jobs in the surrounding areas. Mining is not the only local industry and is only a very small portion of our area. Local hospitals, government, schools, Mrs T's Pierogies, the many distribution centers (Wal Mart, Wegmans, Big Lots) have above average wages.
1 vote Thank Flag Link Mon Oct 18, 2010
Looking for a 4 bedroom rental for under $600. a month tried looking on Craigslist. Can anyone or does anyone have something available trying to move ASAP! My e-mail is mrspoiter@hotmail.com if you have something.
0 votes Thank Flag Link Mon Mar 10, 2014
this is a tough question to answer only you know your situation, if your past/family is the reason why you want to stay and try to propser there, perhaps. If you are looking to the future remember the key words location, location, loation, be sure to structure any deal you make so it may not drag you down if you ever need to just walk away as this is happening all over that area. purchase any property in a trust, llc or a lease to purchase plan.
0 votes Thank Flag Link Mon Oct 18, 2010
Mayra thats a good question and one in which im wondering about myself. Homes are dirt cheap and taxes are low. However, from what I understand the coal mines in the area have dried up and so have many jobs. It stands to reason that people will follow the jobs out. As stated earlier, homes are older and will need work and many have tax debt and other encumbrances. An investor friend of mine told me "if you cant afford to strike a match to the money you just invested and put it on the ground then your in the wrong business." Even so, there is money to be made in this market if your willing to take the risk! If anyone out there has any experience in this area plz share. Good luck!
God Bless the USA!
0 votes Thank Flag Link Fri Jan 8, 2010
I am familiar with this area first hand, I lived in one of the most expensive counties in NJ, I moved here 1 year ago, I have never been happier. I have a brother with 14 rental properties who is living the american dream.
Homes are older, but taxes are reasonable, the return on your investment you can't get anywhere else. I bought a rental home for 15K and I get 500 per month on that rental, try to get that from the bank or any other investment.
0 votes Thank Flag Link Fri Sep 18, 2009
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