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Old 05-03-2012, 06:05 PM
 
108 posts, read 305,327 times
Reputation: 92

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I am looking at purchasing a nice little home for around 50,000. The neighbors on both sides seem to be good neighbors and they are respectable. The neighbors on the sides both own their own homes.

The neighbors across the street appear to be rough and shady. The neighbors across the street and the other 2 homes across the street are all rental property homes. So there are a total of 3 homes across the street and they are all 3 rental property homes.

This brings up an interesting question and that is should I not buy the home because there are rough and shady looking neighbors across the street.
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Old 05-03-2012, 06:12 PM
 
1,004 posts, read 1,794,049 times
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Quote:
Originally Posted by Demps View Post
I am looking at purchasing a nice little home for around 50,000. The neighbors on both sides seem to be good neighbors and they are respectable. The neighbors on the sides both own their own homes.

The neighbors across the street appear to be rough and shady. The neighbors across the street and the other 2 homes across the street are all rental property homes. So there are a total of 3 homes across the street and they are all 3 rental property homes.

This brings up an interesting question and that is should I not buy the home because there are rough and shady looking neighbors across the street.
That's just me though, because it could get worse!
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Old 05-03-2012, 06:59 PM
 
2,401 posts, read 3,556,984 times
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I know I won't.

Unless I am not living there, & its a once in a life time opportunity to make money off that location (via rent or flipping it after a certain period or if I buy it, it'll guarantee *a big profitable chunk of future government money* etc.).
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Old 05-04-2012, 08:42 AM
 
3,550 posts, read 6,614,062 times
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Rough and shady neighbors are a minus, but every house has its pluses and minuses. Perhaps the pluses outweigh the minuses; perhaps they don't. Maybe you find another house you like in a better neighborhood; maybe you don't. Maybe you really want to buy now; maybe you're fine with waiting.

If they're renters, they could be gone in a couple months. Or you could buy in a neighborhood with no shady neighbors, only to have one move in the day after you do. You could buy into a neighborhood full of young families with children, and ten years from now be surrounded with teens and unemployed young adults, some of whom might be quite "shady." The uncertainty is why I wouldn't make it a dealbreaker.
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Old 05-04-2012, 09:10 AM
 
3,381 posts, read 5,213,420 times
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my boyfriend had a few "shady" neighbors when he was living in his house and it was a regular annoyance. i wouldn't unless i didn't have many other decent options
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Old 05-04-2012, 09:11 AM
 
3,031 posts, read 6,481,913 times
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In this price range, you're getting what you're paying for. Lots of renters and shady looking neighbors. Shady neighbors are a key factor driving real estate prices. If you get lucky and find a few nice ones in the mix, just wait a while. That will change.
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Old 05-04-2012, 11:56 AM
 
Location: Lexington, SC
4,281 posts, read 9,593,871 times
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Quote:
Originally Posted by ETex2 View Post
In this price range, you're getting what you're paying for. Lots of renters and shady looking neighbors. Shady neighbors are a key factor driving real estate prices. If you get lucky and find a few nice ones in the mix, just wait a while. That will change.
I agree. Kind of like one gets what one pays for.
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Old 05-04-2012, 12:10 PM
 
Location: South CLT
285 posts, read 556,056 times
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Quote:
Originally Posted by accufitgolf View Post
i agree. Kind of like one gets what one pays for.
+1
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Old 05-04-2012, 12:20 PM
 
3,794 posts, read 4,492,383 times
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renters do not mean shady---but on one hand i have turned down rentals in a shady neighborhood---only to have a young professional move in next door and that has shadier goings on than any of the "shadier"people around the corner----so i say(via fats waller)--one never knows do one")
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Old 05-04-2012, 01:26 PM
 
Location: New England
80 posts, read 344,771 times
Reputation: 39
That's a really cheap house! But I agree I wouldn't do it.

It's similar to the situation where some people rather have the 3,000 sq foot home in a sketchy area rather than have a 1,000 sq foot home in a nice area. It's all about your priorities. But I think as an investment and especially if you have a family it is better to buy the smaller house than the big house.
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