Got money to invest in real estate? Here's the hot sections of Philadelphia that people are searching for on Trulia.com, a web site devoted to real estate. Neighborhoods with large discrepancies between what the average home lists and sells for are noted.
Comments (49)
Yes the developers are building residential units....but PAY ATTENTION. Most that were supposed to be condos ARE NOW RENTAL UNITS because they couldn't sell them....see 17th and Arch, see 3 of the biggest renos near the Kimmel Center, and then check out many of the rehabs of single family homes esp near GradHosp, CCEast and South, etc., many of which are now rentals. developers and investors are indeed buying and renovating MOSTLY FOR RENTALS and they have 10 year tax abatements thanks to the city, so you foll=ks who buy are picking up their slack.— intelliwoman- ****Philly is just packed with young educated people right now -- just visit Trader Joe's on a Sunday.****
I'm not sure what's funnier, your presumption or the "evidence" used to support it. If you think neighborhoods like Overbrook and Northeast Philadelphia are teeming with educated folk bent on improving the city, you are sorely mistaken.— Ino_Karate - The former is a once-great neighborhood where, today, kids are killed in stash house shoot-outs. The latter was never all that remarkable to begin with and today has almost nothing to recommend it. Mostly PWT patting one another on the back for keeping the neighborhoods homogenous, meanwhile they're really just drugs- and Section 8-ravaged and the vast majority of people you might want to live alongside are long gone. A Trader Joe's would have about as much chance of thriving in the NE as a book club.— Ino_Karate
- Maybe those tax-abated places downtown and your Northern Liberties (proximity to center city AND north Philly drug trade = a hipster's jackpot) are attractive to young folks, but Overbrook and the Northeast are certainly not.— Ino_Karate
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