Most exclusive suburbs of Providence?

[mr2448]

Originally Posted by leighland

When I was a kid, Slater Avenue was the prime address to live on on the East Side, Blackstone Blvd and Angell Ave being too public to be exclusive. Is it still that way?

if you mean upper (northern ) Slater Ave (north of President) , then it still is prime. Includng all the nearby intersecting streets, Freeman Parkway( this street from Morris Ave to Blackstone Blvd), Hazard Ave, Laurel, Wingate, Intervale, etc. Blackstone Blvd has always been prime because the estates are too large to be affected by the increasing auto traffic and the walk/running trail down the center of it. Irving Ave also is a prime area with it being adjacent to River Park. Angel Street? being prime? If so only around the Lincoln School.

[mr2448]

Originally Posted by jobu2378

they're still "prime", but this is rhode island and Jamestown's about a half hour to providence and newport's about 40 minutes. too far away in this tiny state to be considered a providence suburb!

The Providence metro area includes the whole state and SE Massachusetts and slowly including parts of Eastern Connecticut. A 30-40 minute commute is nothing and many people from both Jamestown and Newport commute to Providence (it takes 30 minutes to Warwick at times!). Thus, I feel Westport, Ma should be included as a high income suburban town of Providence. It is about 30 miles away and there are many commuters into Providence.

[pirate_lafitte]

Originally Posted by quijote

Hi All, I'm just wondering which Providence suburbs are considered the most exclusive and prestigious. I'll be living in the city for two months, and I'm just curious.

Why does one want a suburb that is "exclusive"? Isn't everyone's money good enough to buy and move into a nice home no matter where it is?

[quijote]

Originally Posted by pirate_lafitte

Why does one want a suburb that is "exclusive"? Isn't everyone's money good enough to buy and move into a nice home no matter where it is?

????????????

I didn't say I "wanted" a suburb that is exclusive; in fact, I'll be living in the city of Providence. I'm merely interested in learning about the area.

[professorsenator]

Originally Posted by pirate_lafitte

Why does one want a suburb that is "exclusive"? Isn't everyone's money good enough to buy and move into a nice home no matter where it is?

While certainly money is fungible in that it can be used to buy a nice home anywhere, a nice home in a nice community is almost always worth more than the identical home in a bad community. What's more, the home in the nicer community is more likely to hold--or see an increase in--its value and is, hence, a better investment.

Exclusivity of a community is usually determined by price (which, of course, is a reflection of supply and demand)--the higher the price the more "exclusive" because fewer people are able to afford the price of admission. From a purely investment perspective, it is usually most advantageous to be in the most exclusive community that one can afford.

[pirate_lafitte]

Originally Posted by professorsenator

While certainly money is fungible in that it can be used to buy a nice home anywhere, a nice home in a nice community is almost always worth more than the identical home in a bad community. What's more, the home in the nicer community is more likely to hold--or see an increase in--its value and is, hence, a better investment.

Exclusivity of a community is usually determined by price (which, of course, is a reflection of supply and demand)--the higher the price the more "exclusive" because fewer people are able to afford the price of admission. From a purely investment perspective, it is usually most advantageous to be in the most exclusive community that one can afford.

What price of admission? Economically or people-wise? If it's economic, then only money should be a factor. If it's a people-factor, how is one person's money not as good as another person's money if it's the same amount for the same thing?

[leighland]

Originally Posted by professorsenator

Exclusivity of a community is usually determined by price (which, of course, is a reflection of supply and demand)-

I would say on the East Coast, exclusivity is also measured by Status. A newer community is somewhat looked down upon vs. a vintage, old home with Character.

[professorsenator]

Originally Posted by pirate_lafitte

What price of admission? Economically or people-wise?

Economically, of course. Outside of NYC co-op boards and 50+ retirement communities, I know of no rules that prohibit anyone from buying any home as long as they have the cash.

[professorsenator]

Originally Posted by leighland

I would say on the East Coast, exclusivity is also measured by Status. A newer community is somewhat looked down upon vs. a vintage, old home with Character.

This depends upon the town/city, at least here in New England. There is no shortage of charming old homes in this part of the country, in both nice towns and not-so-nice towns. Relative exclusivity in New England tends to be based upon the town/city (or subsection thereof) you're in.