What Do You Think An Honest Future Of Atlantic City Is? (Long Branch: condos, crime)
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I am considering buying a second smaller beachside home and notice Atlantic City is very affordable. I have been in Jersey for a bit and visited Atlantic City a few times, so I am aware of how ACY is. I personally can't see Atlantic City staying bad forever, and I am surprised it hasn't cleaned up yet. All of the other Jersey Shore towns have and Atlantic City is starting too.. but will it be enough to curb its awful reputation? Would it be smart to move there? I do like Atlantic City but it is the perfect location for me because:
A) My work takes me down to South Jersey a few times a year, so it would be nice to hang out there for a few days for work in addition to the weekends I go down there and/or let my family and friends utilize the space.
B) I love exploring the beach towns. I love nearby Ocean City, Wildwood, Stone Harbor, etc. It would be nice to only drive 10-45 minutes to go there and have fun.
C) I do like the Jersey Shore and like to be down there. I live in Somerset County only 1:40 from there. Perfect distance.
What do you think the future holds for Atlantic City?
Last edited by masssachoicetts; 06-28-2022 at 07:50 AM..
I think it will either stay the same or get better. I can’t see it getting worse. When people start getting priced out of other beach towns, they will have to look elsewhere. I wouldn’t personally live there today even if it was free, but I would invest there at the right price.
I’m just curious, what price range are you seeing and how many sq feet? I’ve never really searched down there.
I see it getting marginally better but it will still always probably be the bottom of the barrel for Jersey Shore towns. In all honesty, location matters. Closer to the beach and where the tourist areas are will improve, you will get luxury condos built, etc. while the residential neighborhoods will stay the same. Just like Asbury Park and Long Branch.
I see it getting marginally better but it will still always probably be the bottom of the barrel for Jersey Shore towns. In all honesty, location matters. Closer to the beach and where the tourist areas are will improve, you will get luxury condos built, etc. while the residential neighborhoods will stay the same. Just like Asbury Park and Long Branch.
I agree with everyone else. The tourist areas do seem to be improving, whether that translates to the residential areas, who knows. I don’t see there being a decline though.
I think it will either stay the same or get better. I can’t see it getting worse. When people start getting priced out of other beach towns, they will have to look elsewhere. I wouldn’t personally live there today even if it was free, but I would invest there at the right price.
I’m just curious, what price range are you seeing and how many sq feet? I’ve never really searched down there.
I was looking at some of the 300sqft converted hotel rooms for like 50-100k. Its okay, but you can't get a mortgage if its under 500sqft.
Veyr rarely will you find 500sqft+ under 200k in Acy, that doesn't need a ton of work.
I agree with everyone else. The tourist areas do seem to be improving, whether that translates to the residential areas, who knows. I don’t see there being a decline though.
Thanks, that is generally my not-so-informed opinion on it too now.
AC could go either way at this point. I was there this week and did notice far less mentally disturbed people on the boardwalk and felt a little safer (at least in tourist areas). I also noticed Pacific Ave didn't seem to have all those "crack streetwalkers" who were there in high numbers pre pandemic while riding the Jitney. However, the area near the 7-11 and Kelseys Restaurant still didnt feel safe to me when I popped in there to buy water. But, I definitely noticed progress when it comes to crime and safety along the boardwalk and somewhat one block over.
On the business perspective, I was shocked just about every bar and restaurant on the Resorts side (excluding Irish Pub) were closed by 10pm (and this is now summer). I spoke to a local who told me Picallili Pub is looking sell if they can find a buyer. (Not sure how credible he was) But, businesses seemed much slower on that end of town compared to the Tropicana side. I remember just before COVID, they had plans to completely change Tennesse Ave and build several new restaurants, bars, and stores. Well, it seems that fell through. The city is definitely struggling, (even as we enter its typically busiest months). Another thing I noticed was that casino bars such as Dam Good Sports Bar were totally dead on a Thursday night. My uncle and I were the only customers watching the Philies game. People are just not spending the ridiculous $8 to $9 on a domestic beer in a casino. Therefore these places will struggle and wouldn't surprise me if half the casinos close down in the next couple of years if they don't seriously change their business models.
It could really go either way at this point....either everything collapses in the next 2-3 years and it turns into a ghost town with nothing but shuttered casinos and businesses OR they smarten up, start offering REAL inventives, sales, and discounts to lure people back in. I will say that even though we are approaching July 4th, I was shocked to see there were no lines to get into places like Landshark or Wet Willies as there were in past summers. Investing in property there is definitely a "gamble".
I predict crime may start declining there, but also businesses will too. As much as I love AC now, I doubt I'll have much reason to go back in 3-5 years from now. I hope I am wrong.
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