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Old 05-24-2013, 09:52 PM
 
Location: NYC Metro
126 posts, read 102,758 times
Reputation: 53

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Quote:
Originally Posted by kevinDUBrow View Post
to the OP: because nobody wants to live there.
thats not true at all, philly been growin, and both metros been growing
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Old 05-24-2013, 09:59 PM
 
21 posts, read 23,991 times
Reputation: 23
Quote:
Originally Posted by do sum'n View Post
Comparing to other big cities, these cities are much cheaper, while still offering good amenities, why?
Chicago and Philly are both major cities that have a high crime rate and loss of population to surrounding suburbs.

Chicago e Philly tambem grande cidade ter de alto crime and menos pessoas no cidade.
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Old 05-24-2013, 10:48 PM
 
Location: NYC Metro
126 posts, read 102,758 times
Reputation: 53
Quote:
Originally Posted by céu View Post
Chicago and Philly are both major cities that have a high crime rate and loss of population to surrounding suburbs.

Chicago e Philly tambem grande cidade ter de alto crime and menos pessoas no cidade.
their suburbs are still cheaper too tho comparing to others
dc is high crime too btw
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Old 05-25-2013, 08:15 AM
 
19 posts, read 23,682 times
Reputation: 36
- The desirable areas in Philadelphia are far from affordable for most. I priced a few apartment buildings in Center City / Greater Center city / University City District and monthly rates are industry competitive with most other major US cities. Sure, rental rates for undesirable areas / slums would depress the overall average rental rate for the city, but condo prices and home prices in desirable areas would surprise those not familiar with the intricacies of the this particular housing market by a considerable margin.

A few examples of desirable rental unit pricing:

- 777 South Broad St. (lower edge of Center City)
1 bedroom $2145 - $2750 / 2 bedroom $2450 - $5000 per month


- The St. James (Washington Square West / Independence Hall)
1 bedroom $2000 - 3200 / 2 bedroom $3100 - 6400 / 3 bedroom $5000 - 7400


- 2116 Chestnut St. (new construction completed / center city west)
1 bedroom $1750 - 3500 / 2 bedroom $2500 - $4500
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Old 05-25-2013, 08:21 AM
 
1,736 posts, read 1,480,591 times
Reputation: 522
Philly and I would guess Chicago as well are historically blue collar cities.
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Old 05-25-2013, 09:37 AM
 
Location: NYC Metro
126 posts, read 102,758 times
Reputation: 53
Quote:
Originally Posted by Methedy23 View Post
- The desirable areas in Philadelphia are far from affordable for most. I priced a few apartment buildings in Center City / Greater Center city / University City District and monthly rates are industry competitive with most other major US cities. Sure, rental rates for undesirable areas / slums would depress the overall average rental rate for the city, but condo prices and home prices in desirable areas would surprise those not familiar with the intricacies of the this particular housing market by a considerable margin.

A few examples of desirable rental unit pricing:

- 777 South Broad St. (lower edge of Center City)
1 bedroom $2145 - $2750 / 2 bedroom $2450 - $5000 per month


- The St. James (Washington Square West / Independence Hall)
1 bedroom $2000 - 3200 / 2 bedroom $3100 - 6400 / 3 bedroom $5000 - 7400


- 2116 Chestnut St. (new construction completed / center city west)
1 bedroom $1750 - 3500 / 2 bedroom $2500 - $4500
you taking the most expensive nhoods with the most expensive buildings, thats not an accurate picture
CC is not the only desirable area, of course it cost more, esp with new buildings, its the city core
look at places in nw philly like mt airy, which are some of the nicest nhoods in philly and compare them to similar nhoods in other major cities and u will see philly is way cheaper, u can get a decent apt in a decent nhood for $800-900
plus i have a feeling comparable buildings in comparable downtowns of other major cities will cost even more
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Old 05-25-2013, 09:51 AM
 
2,426 posts, read 3,626,201 times
Reputation: 1453
Quote:
Originally Posted by kevinDUBrow View Post
to the OP: because nobody wants to live there.
Right because the 9.7 million people that live in the Chicago metro and the 4 million in the Philly metro are being forced to live there. Not a single one of those people people wants to live there.
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Old 05-25-2013, 09:58 AM
 
Location: NYC Metro
126 posts, read 102,758 times
Reputation: 53
philly is actually 6 million, and yea if nobody wanted to live there the metros wouldn't be growing like they have been
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Old 05-25-2013, 09:58 AM
 
Location: Denver
6,628 posts, read 12,521,110 times
Reputation: 4055
Quote:
Originally Posted by Buckeye614 View Post
I highly doubt that Philadelphia is more expensive than Miami regardless of what that website says. I have family members that live in a perfectly safe and quiet neighborhood in Northeast Philadelphia and their home costs 85k. 85k in Miami would put you in the hood.
Quote:
Originally Posted by do sum'n View Post
philly is cheaper than chi, forget the col index, if u do extensive research on nhood by nhood basis, u will see
desirable nhoods are much more expensive in chi, while the ghetto ones are much cheaper and bring the average price down
I love how lrfox posts statistics and immediately people dismiss it. Do Sum'n, why don't you post some facts to substantiate this claim? Buckeye, just because you can provide a single example doesn't mean it's true city-wide. These two metro areas are around 6,000,000 people each.

But as a wise man once said: "Facts? Pfff...facts can be used to prove anything that's even remotely true. Facts schmacts."
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Old 05-25-2013, 10:02 AM
 
Location: NYC Metro
126 posts, read 102,758 times
Reputation: 53
Quote:
Originally Posted by tmac9wr View Post
I love how lrfox posts statistics and immediately people dismiss it. Do Sum'n, why don't you post some facts to substantiate this claim? Buckeye, just because you can provide a single example doesn't mean it's true city-wide. These two metro areas are around 6,000,000 people each.

But as a wise man once said: "Facts? Pfff...facts can be used to prove anything that's even remotely true. Facts schmacts."
rents for comparable nhoods in philly are cheaper than in the chi plus property taxes are lower
i dont have any stats cuz i researched on nhood by nhood basis, but if u have doubts, do yo own research
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