This is not a new idea, in fact it's been done throughout history.
The trouble is that it's a long LONG term investment that doesn't always pay out. There are buildings in D.C. that are still empty from the MLK riots.
Riots often highlight an unstable element in the area, and that negatively affects the property value. It doesn't have to be riots it could be enviornmental, in fact this is why there are still rotted out homes from when Katrina his Louisiana. It's why the businesses leaving these areas because of these riots will likely never return.
These people are shooting themselves in the foot and the next generation will not only suffer for it, but continue to blame white people for the ghetto they live in.
Calling it now. Covid strengthened work from home. There is going to be a mad exodus from these cities, and the only ones left will be those who couldn't afford to move
When there's blood in the streets buy property.
This is not a new idea, in fact it's been done throughout history.
The trouble is that it's a long LONG term investment that doesn't always pay out. There are buildings in D.C. that are still empty from the MLK riots.
Riots often highlight an unstable element in the area, and that negatively affects the property value. It doesn't have to be riots it could be enviornmental, in fact this is why there are still rotted out homes from when Katrina his Louisiana. It's why the businesses leaving these areas because of these riots will likely never return.
These people are shooting themselves in the foot and the next generation will not only suffer for it, but continue to blame white people for the ghetto they live in.
Calling it now. Covid strengthened work from home. There is going to be a mad exodus from these cities, and the only ones left will be those who couldn't afford to move
Demand for apartments is so high in the city. Do you think that will flip now?
It has started. SF rent is already significantly down.
To be honest I'm not sure but would not rule it out. Nashville approved 34% property tax hike... That's pretty shitty.