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I feel there are some areas (def not all) that are on the come up , due to several key elements that are being added and restored in these parts. I am not well versed on real estate other than the basics I guess.
Does anyone know how I can learn more about the local real estate i.e. Prices, values, trends , housing stock
Im figuring if I can find and hold a few good properties out here in ..lets say 20 years ill be 45 and maybe could make rental income off these places due to high rents everywhere else and NYC getting safer by the day.
What would be the draw backs ? If there is deals why isnt there a "gold rush" to go and buy in the BX as compared to other already overpriced boroughs ?
Curbed.com has a decent amount of information about general real estate trends and rental statistics about the city in general--but including the Bronx from time to time. If a developer is putting up a new condo anywhere in the city then it usually get reported there first. I've a few projects announced in the Bronx, but not nearly on the scale as other projects in Manhattan and Brooklyn.
You could also just look at listings in the area (sales/rentals) over time to identify trends yourself.
do it, I am 20 and will be fellowing your foot steps in a few years. gentrification rules!!
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