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America's Next Hot Neighborhoods

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s. james Jun 10, 2008 12:58 AM GMT when is Phoenix AZ going to get "hot" real estate wise. It is already hot weather wise.
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Farzin Aug 7, 2007 8:47 PM GMT I think up-and-coming just means that it's a good place to invest in for real estate, not necessarily to live in right away. So if that's what you are looking to do, then sure, might be a good idea. But for a single woman or people with young kids, might not be best idea. I just purchased a home in Philly (originally from NY) and am shocked to see none of the rising neighborhoods in Philly made it to this list...maybe because our murder rate is kind of high right now...but I digress. All in all, gentrification is ethically wrong, I think... I purchased my home in a "non" up-and-coming neighborhood because I don't believe in chasing out the poor, or living in a beautiful, high-rise condo while overlooking the PJ's (that's "projects" for your suburbanites)...That's why I didn't live in NYC after college...I agree with the person who said that the city living isn't for everyone and suburbanites should stay where they are.
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brian farris Jul 25, 2007 8:17 PM GMT I own a home in Pico Union. My wife's mother owned it before we married and I have since bought it from the mother. I see all the redevelopment taking place in the downtown area and am wondering how all this will affect the property values of the homes in Pico Union. The home is located on Oak Street, just two blocks from the Convention Center. Does anybody know?
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Kathryn Stewart Jul 19, 2007 1:32 PM GMT Note to Un-Happy In Know where we can find a job in Baghdad? All of my friends on the Beltway are chasing contractors who pay enough to buy a house in the USA, if they stay alive. Also if you hear of any jobs in New Delhi let me know. I spent 17 days on the phone and remote assistance to have my Dell laptop serviced. It was very frustrating, I wanted a repair, not an upgrade. The techs were nice but never, never, never answered my very simple question. If you need to speak to Dell Public Relations in Round Rock, Texas you can check the Austin Business Journal Book of Lists for the CEO's phone numbers. Good luck surviving globalization and gentrification.
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Kathryn Stewart Jul 19, 2007 1:27 PM GMT A word of caution concerning gentrified neighborhoods. I moved into the Mount Vernon Convention Center area of The District of Columbia to find the city council dominated by marginalized and basically functionally illiterate community. The renovated buildings were beautiful but the infrastructure was crumbling. Sewers burst and backed up, the crime rate resulted in the muggings of my fiance and I three times, I continue to suffer from a splintered ankle I received after being shoved from the sidewalk near metro and having my purse snatched. A public housing project was being converted into condos, I was told, but the population inhabiting the units at that time was really wild. The grocery stores catered to a lower income diet, the local library was focused on a single topic. There were syringes scattered around the local gas station. We moved and escaped with out lives. Maybe in 15 years I could return, but by then the infrastructure might be completely decayed.
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Don King Jul 16, 2007 4:46 PM GMT I just moved from the Daytona Beach area to the Gulf Coast town of Largo, with sugar sand beaches. Taxes are high but there have been no hurricanes in our county for over 57 years. There is no crime and lots of places to eat. Come on down.
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Brian Jul 16, 2007 2:38 AM GMT Taking the risk on "up and coming" may be worth it. I know these two guys who bought a killer South End (Boston) condo for $150,000 and sold it 10 years later for $1.5 million. However, the South End is in the city. Up north it is dense, so we don't think of places like Dorchester as being in the city. Lame cities like Atlanta think of 15 counties as the city. Dorchester may have up-and-coming status, but it will never have the subway, the city feel or the charm of the South End or North End. Dorchester will always be a compromise. It's newest settlers are typically people who need a parking space and a diet, surrounded by drug dealers and house chasers. Yup, sitting in their cars, watching and waiting. Try going for a walk at night. You'll never get an ROI or ROV quite like those who bought in the neighborhoods close to downtown when gentrification was raging.
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Un-Happy in Jul 15, 2007 9:28 PM GMT I am trying to decide -- between Dorchester and Baghdad -- can someone help? Seems like the economic opportunities are far greater in Baghdad and it ceased to be a war zone several years ago.
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Chris Jul 15, 2007 7:57 PM GMT Anyone who thinks of relocating in Phoenix should seek mental health intervention! The so-called "Valley of the Sun" is not a nice place! Crime is rampant, two of the five most congested freeways in America are there, the valley suffers from multiple air pollution alerts every winter, and the place is full of attitude! The majority of professional jobs are located in central Phoenix and Tempe, both of which are at least an hour of stop and go, white-knuckle traffic away from Cashion. Temperatures in the valley reached 116 degrees last week. There are virtually no street-level neighborhoods in which to stroll around and explore. Everything you want to do requires a car to get there and costs money. In sum, it is a truly awful place to live. The people I know who still live in the valley hate the place and are desperate to get out. Oh, by the way, Arizona ranks 49th, nationally in per capita spending on schools. Chris
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Easy Jul 6, 2007 1:52 PM GMT This is a funny article. Whenever I talk to my friends out on the east coast who are nearing their 30s and still can't afford homes, and I tell them that I bought my 1100 square-foot condo on the north side of Indianapolis (the nicer part of the city) for just $54,000 at age 23 directly out of college, their jaws just drop to the floor. If you really want to talk about affordable and hot neighborhoods, get away from the east coast. There is a lot to offer in other cities besides New York. One of the other commenters had it just right - yuppie wannabes of New York.
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