Another list: Pittsburgh among 10 Cities Primed for a Real Estate Recovery

[ryanswindle]

I have to say, if Pittsburgh has any kind of major real estate recovery like a boom of any sort, that would be horrible for Pittsburgh.

Reason being, with all the blighted rotting buildings with doors in place of windows around Pittsburgh, if any large amount of growth happens quickly it will be 100% in the way-out burbs, moon and monroeville etc, far away from that stuff. Those neighborhoods are going to need a decade or more of slow methodical inner city growth to work themselves out of the system and get fixed up, any rapid recovery will just mean more blobs of McMansions (which I personally love) spat onto hillsides in the way-out lands, causing that much more migration out of downtown into the burbs.

Let's hope for everyone that Pittsburgh's real estate market stays like it is, slow and steady growth. I hate this city for so many reasons that can't be fixed, but I look downtown and see so much potential as it really is pretty downtown, until you take a wrong turn and see inside a building with all the windows knocked out and graffiti covering the inside walls. Pittsburgh's entire downtown would be truly something to behold if it weren't for the fact that these crack-den looking places are so close to decent looking buildings, all intermixed really makes it hard for the decent places to shine.

[Hopes]

Originally Posted by ryanswindle

Reason being, with all the blighted rotting buildings with doors in place of windows around Pittsburgh, if any large amount of growth happens quickly it will be 100% in the way-out burbs, moon and monroeville etc, far away from that stuff. Those neighborhoods are going to need a decade or more of slow methodical inner city growth to work themselves out of the system and get fixed up, any rapid recovery will just mean more blobs of McMansions (which I personally love) spat onto hillsides in the way-out lands, causing that much more migration out of downtown into the burbs.

The inner city neighborhoods will flourish with an influx of unskilled immigrants.

[BrianTH]

Originally Posted by Yac

Well, have you checked the thread title ? We have a separate forum here, where you can talk about all the construction details you want. I understand this is connected to the topic, but it's hardly what the topic is about.
Yac.

Fair enough, and I apologize for arguing about it.

[BrianTH]

Originally Posted by ryanswindle

I have to say, if Pittsburgh has any kind of major real estate recovery like a boom of any sort, that would be horrible for Pittsburgh. . . . Let's hope for everyone that Pittsburgh's real estate market stays like it is, slow and steady growth.

I very much agree with you there. I'm not hoping for a recovery that takes the form of a big boom in construction or rapid appreciation: just a return to normal appreciation rates and the sort of steady pipeline of projects that can attract.

[ditchdigger]

FWIW, I commented here earlier that things in my little corner of the residential construction market are as slow as I can ever remember them being. I heard yesterday of a few things that are either going onto the drawing board, or moving from the drawing board and into the permitting process, that it seems as if the slowdown has perhaps bottomed out.

[BrianTH]

Originally Posted by ditchdigger

FWIW, I commented here earlier that things in my little corner of the residential construction market are as slow as I can ever remember them being. I heard yesterday of a few things that are either going onto the drawing board, or moving from the drawing board and into the permitting process, that it seems as if the slowdown has perhaps bottomed out.

That is good news (even if very preliminary at the moment).

[BusyMomofOne]

I am currently under contract with a home in Mt. Lebanon. It is amazing how fast a home will sell, before it even makes the MSL in some cases and people are getting what they ask for for the most part, I lucked out with my new investment

I think some places in PGH, the market is strong and stable...for my research and I been doing this for a over a year now.