[FoRK] Does this real estate boom remind you of the dot-com boom?
mattj at newsblip.com
Wed May 18 09:40:49 PDT 2005
Quoting Joe Barrera <joe at barrera.org>:
> Even better: Pittsburg (sic), CA.
> ... and BART runs from SF to Pittsburg.
A great strategy is to buy where mass transit is scheduled to be built. The
trick is buying just after the plans and funding are "finalized", which should
get you a lower price before the plans become widely known and factored into
prices. You end up with an appreciation above the norm, and you get a possible
mass transit option for yourself.
For example, in NYC a couple of years ago, a neighborhood to snag was
Bloomfield, NJ, which was affordable but due to add a commuter line into the
city. (Bloomfield is also next door to desirable Montclair.)
Here in Seattle, up-and-coming neighborhoods may include Burien (due for light
rail) and Fauntleroy (due for the monorail). The monorail project is looking
more tenuous lately, though. And while people would still much rather say they
live in Seattle than in Burien, my urban planning contacts say Burien is a town
to watch; their civic leaders seem to know their stuff. It seems to be one of
the better buy-low-sell-high-eventually opportunities in this area.
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