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View Poll Results: Nice house in a bad neighborhood or bad house in a nice neighborhood?
Nice house, bad neighborhood 4 3.10%
Bad house, nice neighborhood 125 96.90%
Voters: 129. You may not vote on this poll

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Old 04-03-2013, 09:55 PM
 
118 posts, read 293,723 times
Reputation: 75

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So, of course, these terms are all relative, but what do you think? Two houses the same price, one is really nice but in a bad neighborhood (high crime) and one is old and needs a lot of work but is in a really nice neighborhood.
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Old 04-03-2013, 10:15 PM
 
Location: Mostly in my head
19,859 posts, read 61,441,632 times
Reputation: 19275
Always buy the best location you can afford. You can change the house but you are stuck with the location.
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Old 04-03-2013, 10:42 PM
 
Location: North Idaho
27,662 posts, read 37,389,985 times
Reputation: 59990
Quote:
Originally Posted by SouthernBelleInUtah View Post
Always buy the best location you can afford. You can change the house but you are stuck with the location.
Exactly so.
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Old 04-03-2013, 11:05 PM
 
5,075 posts, read 9,814,146 times
Reputation: 4652
You can't fix the neighborhood. If you could, you wouldn't be wondering about buying a house there.

Look at the last downturn. Houses in a bad hood lost 70%, good hood, 10-20%...
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Old 04-03-2013, 11:13 PM
 
Location: San Marcos, TX
2,570 posts, read 7,202,130 times
Reputation: 4043
Been there, done that. Definitely choose the better neighborhood. I thought I could deal for the price. Worst move I ever made, so glad I am out of there!
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Old 04-03-2013, 11:37 PM
 
118 posts, read 293,723 times
Reputation: 75
I feel the same way as the general consensus. My mom seems to be the opposite. She is "helping" me look for a house. She keeps latching on to these houses that are nice but in bad neighborhoods, sometimes really bad. When she sees the houses I'm considering she spends the whole time picking apart all the problems and doesn't seem to notice that they are in nicer areas with low crime. Then she reminds me about the other "nicer" houses that she liked. You know, the ones where there are sex offenders two doors down and the street has had 6 robberies in a month?
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Old 04-03-2013, 11:38 PM
 
Location: NJ
17,579 posts, read 43,120,931 times
Reputation: 16209
Neither unless someone had a gun to my head. How about an OK house in an OK neighborhood?
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Old 04-04-2013, 05:38 AM
 
Location: Lexington, SC
4,281 posts, read 11,727,626 times
Reputation: 3742
Bad house, good neighborhood. A house can always be fixed/repaired/remodeled, etc. a neighborhood cannot be.
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Old 04-04-2013, 05:51 AM
 
365 posts, read 602,319 times
Reputation: 395
Everyone is going to vote for the bad. It would probably be easier to get a home improvement loan for the bad house because the bank knows the home will have value.
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Old 04-04-2013, 06:22 AM
 
5,048 posts, read 8,390,963 times
Reputation: 4167
Quote:
Originally Posted by AZGal25 View Post
I feel the same way as the general consensus. My mom seems to be the opposite. She is "helping" me look for a house. She keeps latching on to these houses that are nice but in bad neighborhoods, sometimes really bad. When she sees the houses I'm considering she spends the whole time picking apart all the problems and doesn't seem to notice that they are in nicer areas with low crime. Then she reminds me about the other "nicer" houses that she liked. You know, the ones where there are sex offenders two doors down and the street has had 6 robberies in a month?
Well, by your name, you're likely a female. And your mom wants you to live in a bad neighborhood?
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