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I'm 28, married and have two little kids. In 20 years I'm going to move to New York City with my husband and we're going to live in a safe and pretty neighborhood. I'm looking to the future and wondering if it's a good idea to buy an undesirable but affordable property now and watch the neighborhood blossom as my kids grow so when they're out, we can move to NYC as planned.
Where would YOU invest? I wouldn't want to spend over 100K and even that may be hard to get past the boss (DH)!
Last edited by UpPastThree; 12-25-2007 at 01:04 AM..
This is what's listed on Realtor.com now. Which ONE area would YOU buy into (if you were using my money!):
Jamaica, NY
Barker Ave, Bronx
Mariners Harbor, SI (are these trailers? I can't tell from the pics)
Lefferts Garden, Brooklyn
Olinville Ave, Bronx
Fordham Hill Oval, Bronx
Decatur Ave, Bronx
Grand Concourse, Bronx
Kew Garden Hills (where is this?)
Shoreview Coop, Far Rockaway
Midland Beach, SI
Thieriot Ave, Bronx
^That's an interesting list but some of them seem like opinions rather than factual predictions. The areas that have "improved" are neighborhoods that were blessed with public transportation. Without that, it can't be "hot". Look at Hudson County with their Light Rail. I think the Gold Coast of NJ has awesome potential. Also, look closely at Rockland County and Yonkers (Big plans for the future).
I predict in 20 years, NYC will be more urbanized, upgraded/extended public transport, & overall more efficient. Each borough and the surrounding counties will have their own downtowns with skylines and mass transit systems. Helicopters and ferries will be used more often. Light rail, commuter rail, & the subway will be upgraded, extended, & built. Things will definitely change in the next 20 years. Maybe 30, 40, 50 years. You never know
Actually I can't predict anything because I'm not from New York. These were just the areas that were listed on realtor.com in the dollar amount I'm willing to spend on a property I don't plan on living in for awhile. If, out of the ones I've listed, there are areas that will most likely NEVER clean up, I'd like to know which ones.
20 years down the line? Why are you even thinking about this type of stuff if you won't be living here for 20 years? Seems a little bit too far fetched for me.
Quote:
Originally Posted by UpPastThree
I'm 28, married and have two little kids. In 20 years I'm going to move to New York City with my husband and we're going to live in a safe and pretty neighborhood. I'm looking to the future and wondering if it's a good idea to buy an undesirable but affordable property now and watch the neighborhood blossom as my kids grow so when they're out, we can move to NYC as planned.
Where would YOU invest? I wouldn't want to spend over 100K and even that may be hard to get past the boss (DH)!
Far fetched????
Try "Planning Ahead." I don't want to raise my children in NYC. We live in a great clean suburb with amazing public schools, lots of green space, no crime and lower cost of living. A great place for kids to grow up.
And for me, it's extremely dull. For my husband, too.
If we had waited until we were 39 to have kids then we would've spent the first half of our adult lives living in a tiny Manhattan apartment and loving it. That's not how it worked out so I'm making sure it works out it the future. I take it you don't have an opinion about the places above.
I think 20 years from now, many more people than we think will embrace the private ownership, or, in the alternative, private management of public housing.
Kew Garden Hills (i think never actually head of it) sounds nice if its actually by kew gardens. I like staten island, but the rest of those areas aren't too appealing to me. Your probably better off looking in the burbs.
just look at Shanghai to see the future of NYC. as Chinatowns are expanding in each borough in NY and Asians being the only ethnic group in NY to grow in population in the last decade, NY will be Shanghai's little brother.
Shanghai has an ugly skyline in my mind. It doesn't contrast well with the traditional 19th century European buildings on the other side of the Bund.
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