Not exact matches
While that accounts for a 3.2
percent increase overall, gambling companies
in New York are opening up to four new
resort - style casinos
in Schenectady, the Catskills and
in the Finger Lakes, with gambling regulators due to award a fourth license to a Binghamton -
area project as well.
Earning 12
percent on a dingy rental property
in a high - crime
area isn't the same as earning 12
percent on a sparkling rental property
in a high - end, luxury
resort.
Among non-resident foreign buyers, only 13
percent purchased
in a
resort area compared to one
percent among resident foreign buyers.
The percentage of foreign buyers purchasing property
in a
resort area has declined, while only six
percent of resident foreign buyers purchased
in a
resort area.
Of note, the report indicates that more buyers are moving to the burbs (52
percent, up two
percent from last year), with 20
percent buying
in a small town, 14
percent in an urban
area, 13
percent in a rural
area, and 2.0
percent at a
resort / recreation
area.
Non-resident foreign buyers more likely to purchase property
in a
resort area: 16
percent of non-resident foreign buyers purchased a
resort property, while only three
percent of resident foreign buyers purchased
in a
resort area.
Meanwhile, the fraction of foreign buyers who purchased
in a
resort area declined 14
percent from 22
percent in 2008.
The remaining bought
in a small town (20
percent), urban
area (16
percent), rural
area (11
percent) or
resort / recreation
area (3
percent).