Moving home to Rochester soon; would I be crazy to buy in the city? (Greece: loans)

[Jansu]

Hi,
It is not a war zone unless you live in a poor, drug-infested neighborhood. Many are flocking back into the city and lots of high end housing is being built in the city and is in high demand. I live in the city and don't even lock my doors. No one in my neighborhood recalls any crime in the last 30 years.

Have you considered West Irondequoit? There are beautiful older homes and a fabulous school district right by the lake. Many parks and the Genesee River too. You can't beat it for low cost charming old homes and the schools are considered top-notch. Not to be confused with the E. Irondequoit school district.

Good luck.

[shibainu]

Originally Posted by Jansu

Hi,
It is not a war zone unless you live in a poor, drug-infested neighborhood. Many are flocking back into the city and lots of high end housing is being built in the city and is in high demand. I live in the city and don't even lock my doors. No one in my neighborhood recalls any crime in the last 30 years.

Have you considered West Irondequoit? There are beautiful older homes and a fabulous school district right by the lake. Many parks and the Genesee River too. You can't beat it for low cost charming old homes and the schools are considered top-notch. Not to be confused with the E. Irondequoit school district.

Good luck.

It is not in High demand and people are not flocking back to own homes in the city. They are getting condos or apartments. But what you are talking about is called Gentrification, which is when you take poor neighborhoods and change them into re-development. Which tries to increase property values. This how cities flush the poor to other parts of the city or suburbs and if the values of properties increase the city gets more tax revenue with out increasing the tax rate.Alot of cities are doing getrification.Harlem is experience it now.

Gentrification - Wikipedia, the free encyclopedia

[I'minformed2]

ok well, I made this post about 2 years ago, and I have since moved back. Moved to Greece. I really appreciate everyone's feedback though, except for SP...who is apparently following all of my posts and trolling on those forums now.

[garmin239]

Though many of my professors in college pounded it in my head that gentrification was a bad thing, I think its great thing with a few exceptions (lower east side nyc).
We need to take back some of these neighborhoods.

[Jansu]

[quote=shibainu;3005932]It is not in High demand and people are not flocking back to own homes in the city. They are getting condos or apartments. But what you are talking about is called Gentrification, which is when you take poor neighborhoods and change them into re-development.

Are you in Rochester because they are not developing in poor neighborhoods. They are introducing homes into areas where there were none-- the theory being that if people live in downtown neighborhoods, they will draw more business in and invigorate the city center. Also, if you read my post, I didn't say that people are flocking back in to own single-family homes.

[shibainu]

I want to see Mom and Pop or local Business get the advantage not a chain store. If Chain stores move in then it loses a sense of unique design and culture.

[garmin239]

I agree. I like what they have been doing with your neighborhood. I believe you said you lived in the south wedge if I recall. Look at the place 10-15 years ago and look at it today. Its not 100% yet but its really been cleaned up. Lots of mom and pop type stores have moved in to give the area a unique identity. You have places like Lux and Thread to set it apart from other neighborhoods.

[shibainu]

[quote=Jansu;3009933]

Originally Posted by shibainu

It is not in High demand and people are not flocking back to own homes in the city. They are getting condos or apartments. But what you are talking about is called Gentrification, which is when you take poor neighborhoods and change them into re-development.

Are you in Rochester because they are not developing in poor neighborhoods. They are introducing homes into areas where there were none-- the theory being that if people live in downtown neighborhoods, they will draw more business in and invigorate the city center. Also, if you read my post, I didn't say that people are flocking back in to own single-family homes.

I live in the wedge, what do you think the low rise is on the river.Redevelopment Plans Along River Move Ahead - 13WHAM.com
No you are right you said it as a generalized statement " Many are flocking back into the city and lots of high end housing is being built in the city and is in high demand." So you gave the impression to the reader that people are moving back to high end homes because they are being built and are in high demand.

I personally do not see High end homes being built in area where the average home is about 60k to 80k and the average household income is 30k. Second it is apartments like: Corn hill landing and east ave lofts. Corn hill did take vacant land and turned into town homes. To me personally I see no need for these apartments for you can own a home in the suburbs for cheaper and have all the amenities near you. Again this is another attempt to change an area that is in trouble. It will fail because you need people to have Higher education and Higher Incomes before you can get these apartments to sustain the price. An average price for the corn hill landing is around 900 to 2500 dollars depending on the apartment. But the question is what the prices will be in 10 years when it is no longer new or trendy...If the area had a higher demand, the price may stay that high or it could increase. I am very doubtful of that. Most of the projects that will be in and around that part of the city may also affect their pricing because the more available apartments that are very similar will also lower rates. Most of these projects will be completed in the next 5 years. So that would mean those people in corn hill landing may move to the newer apartments because their apts will be 7 to 8 years old by then. I think you can see where I am going with this. Bottom line they set up something that will fail because you need an area where people can feel like it is a nice and very safe neighborhoods with things to do and have good paying jobs.

Cornhill Landing Apartments Ratings, Reviews, Map, Rents, and other Rochester apartments for rent from ApartmentRatings.com
City Wants Development Hiatus on Mt. Hope - 13WHAM.com

[sweetclimber]

Living in the city of Rochester is not bad. Good areas include 1) Southeast Rochester south of Main al the way over to the Genessee river 2) Charlotte and NW, Lake Ave north of Driving park is good all the way to the lake. 3) On the NE side, generally stay east of Culver like Browncroft, N Winton areas. On the SW Genessee pk blvd is nice as well as Corn Hill, which is south on Exchange st between Downtown and Ford Street.

[sparklzdream]

ok...i dont want to steer you away from the city...but when i was younger, my parents and i were living in the city...i think it was on skylane drive...it wasnt too bad, then people started breaking into our neighbors house, it happened a lot, i think it still does...then we could hear shooting a few blocks away...then we heard it go right by my parents window while we were sleeping...we put or house up for sale the next day. Im just saying, its not the safest place in the world...other places are way worse, but still consider it for a while. my uncle has a mechanics garage on norton street, people have broken into it atleast twice, the second time they stole al of the computers, another time, someone held him up at gun point, stole his wallet and his cell phone...idk what to tell you, its ur decision