U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Real Estate
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 05-03-2012, 05:05 PM
 
108 posts, read 302,605 times
Reputation: 92

Advertisements

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.
Reply With Quote Quick reply to this message

 
Old 05-03-2012, 05:12 PM
 
1,003 posts, read 1,769,189 times
Reputation: 889
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!
Reply With Quote Quick reply to this message
 
Old 05-03-2012, 05:59 PM
 
2,401 posts, read 3,513,727 times
Reputation: 2165
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.).
Reply With Quote Quick reply to this message
 
Old 05-04-2012, 07:42 AM
 
3,539 posts, read 6,535,290 times
Reputation: 3733
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.
Reply With Quote Quick reply to this message
 
Old 05-04-2012, 08:10 AM
 
3,332 posts, read 5,124,800 times
Reputation: 3489
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
Reply With Quote Quick reply to this message
 
Old 05-04-2012, 08:11 AM
 
3,031 posts, read 6,414,358 times
Reputation: 3169
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.
Reply With Quote Quick reply to this message
 
Old 05-04-2012, 10:56 AM
 
Location: Lexington, SC
4,281 posts, read 9,481,082 times
Reputation: 3677
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.
Reply With Quote Quick reply to this message
 
Old 05-04-2012, 11:10 AM
 
Location: South CLT
285 posts, read 550,833 times
Reputation: 100
Quote:
Originally Posted by accufitgolf View Post
i agree. Kind of like one gets what one pays for.
+1
Reply With Quote Quick reply to this message
 
Old 05-04-2012, 11:20 AM
 
3,793 posts, read 4,441,513 times
Reputation: 3422
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")
Reply With Quote Quick reply to this message
 
Old 05-04-2012, 12:26 PM
 
Location: New England
80 posts, read 342,062 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.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Real Estate
Similar Threads

All times are GMT -6.

2005-2017, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32 - Top