Gentrification has been going here in Seattle for awhile I am lucky I bought at the time I did. I couldn’t believe a few months ago I was was reading an article that houses in Tacoma are now selling for near 500k. That has never been considered the best of areas and the household media income doesn’t come close for someone to afford a 500k a house.
She bought a townhouse in a ■■■■■■ part of Philly in the 90’s and sold it for five times what she paid for it in 2014.
She had already moved to NYC by then… but what the developers building on the neighboring property did to her backyard to make a parking lot was a crime.
It was a go ahead and do it and ask forgiveness later situation.
every city has “Poor area”, look at east hasting Vancouver you find all the drug addict and homeless people there go north two block and your looking at multi million dollar condos.
Ya we were lucky I live in Kirkland about 10 miles outside downtown Seattle there’s no way at today’s prices I would buy a home here today. Just 10 years ago the houses that were 200k are a million it’s just gotten silly the last five years it doesn’t feel sustainable.