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Non-Tech : Investing in Real Estate - Creative Opportunities -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (1845)	8/1/2013 9:42:02 AM
From: John Vosilla	Read Replies (1) \| Respond to of 2722

What’s your opinion? Do you think investor groups snapping up property in Brooklyn could be good, on the one hand, because they are fixing up and renting out problem properties, or is it making Brooklyn unaffordable and creating another unsustainable real estate bubble? I personally don't like any of it even though this is what I do. But I buy cheap, aren't force feeding another bubble and offer nice reconditioned properties at a very affordable price. On that article they are gentrifying creating unaffordable hubs and spokes from Manhattan into the outer boroughs driving out everyone except the very well to do. But as long as they aren't saddling themselves with too much debt they can't ever pay back who am I to judge the rational decisions in the free market regardless of whether Wall Street is a primary driver of both sides of that 'trade'