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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: tejek who wrote (1819)7/18/2013 10:32:46 AM
From: John Vosilla  Read Replies (2) of 2722
 
Good points. Also these areas also were built out decades ago plus gas prices have gone sky high and stayed there for a while. Richard Florida would also say innovators in our knowledge based economy tend to cluster in these same areas leading to higher incomes and thus greater purchasing power. Still I hear it is tough sledding for most who aren't those very high income earners as you need like $120k+ household income just to break even leading a modest lifestyle with a decent apartment and one car. NYC was such a great place back in the 50's and 60's as your income went a heck of a lot further than today plus you already had the transportation network in place back then..
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