Why is now a great time to move into a Cornerstone House?
There are many reasons for anyone moving into any home
or apartment. They like the location, the size, the
condition, etc… to name just a few. But here in New
York State, there are some things happening in the local
economy and real estate market that makes now perhaps
the best time ever to move into one of our homes.
And here’s why.
Above is a link to an article we recently took directly
out of the Corning Leader newspaper. It deals with the
coming housing crisis across the Southern half of the State.
As many of you know, northern Pennsylvania has experienced
a huge boost to their economy because of all the natural
gas drilling taking place there. Thousands of families
have moved into that area because working on the gas
wells and pipelines is how they make their living. Well,
as the article you can read here states, that same boom
is coming to New York State once our state government
lifts their restrictions on natural gas drilling.
In fact, we here at Cornerstone have already begun
seeing this happen with some of our homes that are very
close to the PA border. Since clean, affordable housing is
in short supply in Northern PA, workers are living here
and making the longer drive everyday.
Common sense tells us that when the supply of anything
decreases, the cost of that same thing increases. It is
called supply and demand and it is coming to the New York
housing market without question. Rents in Northern PA
have increased substantially because landlords realize the
short supply and tenant’s desperation for a place to live.
So here you are… considering a Cornerstone home. You have
read how we give down payment credit when you pay us rent
on time should you ever want to purchase a home from us.
You know we have 24 hour maintenance and have been around
a long time. But perhaps the most powerful point you need
to consider is our no rent increase for 5 years. When gas
drilling in New York opens up, we believe rents for single
family homes will increase $200-$300/ month. Why? Because
natural gas industry workers will be moving their families
here and a small apartment just won’t do. They will want
and need their own home. But if you move into any Cornerstone
property, we promise in writing to not raise the rent for a
full five years.
If you read the article above, you will have to admit that
now is the right time to fix your housing cost so you don’t
get blindsided by what is no doubt coming. Will Cornerstone
be raising our rents as houses come empty? Sure. That is
smart business and people renting homes from us will have
to pay what the rent is at that time. We would be foolish
not to charge more rent when the natural gas industry gives
a boost to our New York economy. But here you are right now.
You are reading this because you probably have looked at or
are going to look at one of our homes. To be honest, you are
in a great position. You can lock in your rental amount for 5
years and even your monthly payment amount should you decide
to purchase the home from us on a land contract. That way,
if the rental market sky rockets and rents shoot up drastically,
you and your family are protected because you acted now, before
New York opens the door on gas drilling and we are flooded with
people moving here for work. All those people will need a place
to live but you will already have your place secured with a rent
you can afford. So wouldn’t you agree that if you have ever thought
about a Cornerstone home, now is a great time to act?