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It seems that the mainstream discussion about depressed housing seems to have one broad brush strokes on all depressed housing (priced anywhere from 15k-45k), as if every neighborhood in the country has the same characteristics.
And despite the fact that we say the truism that real estate is local, the conversation turns south very quickly over these large geographic areas of what really makes a neighborhood a “working class neighborhood.”
However, I feel the greatest opportunity lies in the fact that these broad brush strokes don’t pick up the delicate flavors of the herbs and spices that create this culinary feast called real estate investing.
3 Comments
Great discussion!
Thanks Lisa, I thought your insights are great. Wherever I drive, the good,
the bad, the ugly, and the great neighborhoods too, I find people living
and going about their business. My daughter looks at these neighborhoods
and says “eewwwww! who would live here?” I tell her that every house is
full of family’s just like us. Keep the videos coming. JT
Thank you for sharing. You have nearly inspired me to start investing in
working class neighborhoods rather than just in student housing.