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Old 01-03-2010, 12:44 PM
 
Location: Somerville, MA
15 posts, read 46,680 times
Reputation: 16

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As a 24 year old who is starting to think about buying a place, I'm a little overwhelmed by all the talk of "up and coming neighborhoods" in the cities that I'm interested in (hometown of Boston and possibly Chicago). I'm curious to hear some financial horror stories about neighborhoods or even cities that were supposed to be the Next Big Thing, but never actually reached that level.

I think hearing about why some areas never took off will help me determine whether buying in a less desirable area is actually worth it. Basically I'm interested in hearing about places where there was a lot of buzz but then home prices either remained stagnant or depreciated.
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