Quote:
Originally Posted by 3rd&Brown
But the Northeast isn't cheap anymore. Prices there are being pushed up by immigrants moving from NYC. An airlite in Mayfair is $300K.
The old narrative about the Northeast falling further into disrepair etc have already been debunked. Many of the fastest growing zipcodes in the most recent census were in NE Philly (thanks to immigration).
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Prices are pushing up due to that whole crazy Real-estate rush we just had along with just natural appreciation of homes. 200,000+ for a home is still pretty good price for a NE Home.
I lived in Oxford Circle last year right around Cheltenham & Horrocks. All year the two beer corner stores across the street were a party everyday, litter growing, robberies & shootings happening at the gas station & corner stores.
Same thing with Olney. Anyone ive talked to about the area who bought a home there in the early 2000’s said the area was excellent. It started to change after people either sold their homes or moved & started renting them out.
But in respect to the whole NE its a much different experience then the rest of the city a majority of it is good, however a good amount of it is starting the cycle of decline & renew.
Where in the NE is there new construction? This area will start in 10-20 more years, but for now I would label the area as stable.
Now if we are talking about north of Cottman that doesnt count. Thats a whole different story.