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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: John Vosilla who wrote (1849)8/2/2013 2:41:54 PM
From: tejek  Read Replies (2) of 2722
 
We seemed to be saying the same thing though you said it more eloquently. Probably my only point of disagreement on the gentrification is it seems a good part of it seems to be financial engineering/WS with much more high incomes in that niche these days but that has been an ongoing pattern for 30 years that to me has run its course and is running on fumes as most everybody else still struggles...

Urban neighborhoods are never static for long. Many neighborhoods getting gentrified like Park Slope were good neighborhoods when they were built and then fell on hard times.......their housing went out of style. Then a new generation 'discovers' the neighborhood and decides to invest in it bringing it back to what it once was. It may look like a bubble but its really not. And yes, as investors have become more sophisticated, there is more financial engineering.......esp in cities like LA, NYC and SF. But in many cities, gentrification is more the work of the little guy.......like you and me.
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