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Quite the speculation...why would Philly be more expensive?
And Camden isn't a college town. It has a branch campus of RU and few students take chances on living there. That's it. Who cares about an aquarium?
Also, Hoboken and DTJC were never as bad as Camden. Neither were ranked most dangerous city in America or anywhere close.
Saying Hoboken and JC were never as bad as Camden is putting it mildly. They do not even compare. Nothing else in NJ compares to Camden as far as urban despair and blight goes. Over 60% of the city is damaged beyond repair. Only hope for Camden is to be bulldozed clean to start over.
Saying Hoboken and JC were never as bad as Camden is putting it mildly. They do not even compare. Nothing else in NJ compares to Camden as far as urban despair and blight goes. Over 60% of the city is damaged beyond repair. Only hope for Camden is to be bulldozed clean to start over.
Come on, 1920's Camden was as safe as 1980's Hoboken
Also, if there was no speculation involved then wouldn't everyone invest in that place where and then drive the prices up until it was not a "good investment" anymore? Everyone wants a sure thing and figures no one else before them has figured it out and drove up prices already. There is NOTHING in NJ that is a "good investment". There are plenty of places that have a CHANCE of a good return, but they also have a chance of collapsing
Irvington is very rough to invest in presently. It's really is speculation to invest there. Yes there are plenty of cheap houses in need of renovation to pick from, but there aren't many investors taking the risk. There are a few neighborhoods that are better than others. I had an investor look at a 3 family there and it seemed like 3 out of 4 houses on this particular block were boarded up and abandoned.
Newark and Elizabeth might be better options, as there seems to be a lot of investor activity there.
Out of curiosity since you are someone who knows the market, are the people investing in Irvington and such places all rolling the dice on landing a half-decent section 8 tenants and making a huge ROI on that or are people successfully making a viable profit at market rate?
Come on, 1920's Camden was as safe as 1980's Hoboken
Oh sure. I'm talking about today though, or at least over the past 30 years.
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