Here's what you do: find out where the next Whole Foods is going in. Then buy ahead of it.
Cheapest Downtowns in the USA to buy property
- Thread starter Sikhinvestor
- Start date
In general I think most of the price appreciation occurs at the tail end of the gentrification process. In other words, a few people buy in, the neighborhood improves, prices creep up, then more people move in and are willing to deal with the lack of retail and crime, and prices creep up some more as older residents sell out. But then when things start to get really nice, the prices take off and people start bidding wars. So you're better off buying into already gentrifying neighborhoods.
Imo, depends on what you want to do.
If you want to buy and hold, you have to buy near landmarked buildings or transportation.
If you want to be a slumlord, there's an app for that (j/k but there is a method to buying to be a slumlord) for example buy on the edge of a ghetto, ghetto's only get bigger. the center of the ghetto is dead fucking broke.
Yea, gays might be a leading indicator or two income no kids, but people are only going to move downtown if the schools improve.
Schools are the key.
If you want to buy and hold, you have to buy near landmarked buildings or transportation.
If you want to be a slumlord, there's an app for that (j/k but there is a method to buying to be a slumlord) for example buy on the edge of a ghetto, ghetto's only get bigger. the center of the ghetto is dead fucking broke.
Yea, gays might be a leading indicator or two income no kids, but people are only going to move downtown if the schools improve.
Schools are the key.
Schools are only the key if you want to attract families. DC has gentrified without the schools improving at all. Schools are for suburbs.
start buying neighborhoods slowly when artists move in