1

often "perceived" danger

Submitted by Guest on July 15, 2007 - 08:02.

i'm not even going to pretend that i understand the stats in this article. i'm not even sure i care to. i find statistics obnoxious and these particular statistics distract from the main gist of the article because they provide people a silly minor detail to argue over.

often these so called "dangerous" areas aren't so dangerous that developers can't bulldoze and throw up ridiculously expensive condos or warehouse lofts. i live in a city that has a lot of row housing and old warehouses, and many developers and amateur house flippers/ real estate investors, are doing that very thing. the value of the surrounding property shoots up, and hip trendy restaurants and many other amenities clamor for space, until it's time to move on to the next trendy area. i'm sure it's nothing that isn't happening elsewhere in the country. most of these areas are areas people wouldn't have dreamed of walking around in 10 years ago. in fact, someone who grew up with me in the suburbs who would often make ignorant references towards "the ghetto" now lives in such an area and has discovered that the people there(the original neighbors, not just the hipsters)are just hard working people trying to live life.

my point is be ahead of the curve. in addition to the immediate benefits such as living closer to work, it may pay off in the long run when you're ready to sell your house and it's in the neighborhood that has become the hippest in town.

Reply

Please keep the comments civil and on-topic. Abusive or inappropriate comments will be removed without warning. By posting here you agree to our terms of use.

The content of this field is kept private and will not be shown publicly.
If you leave a link (include the http:// part), your name will be linked to your homepage.

You may use some HTML for formatting: <strong>bold text</strong>, <em>italics</em>, and <a href="">for links</a>. Empty lines are automatically converted to paragraph breaks.

Or click the link above that says 'enable rich-text' to use the fancy editor.

Captcha
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
3 + 0 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.

Have more to say? Join the discussions at Wise Bread's Finance and Frugality Forums.

Finance Blogs - Blog Top Sites