If market is super strong even ghost houses will sell for top dollars. I remember someone interview people in Hong Kong about living in homes that had multiple murders just months before, what did they say? Being poor is even more scary than seeing ghosts.
Man, even in good times I would stray away from across some projects. Just like a car thief, why bother with a steering wheel lock when I can just find another easier and better one?
Man, where is the upside to this place? Unless the project leaves (it ain’t) how do you envision really making money on this? A wart is a wart is a wart…
Ok, fair assessment, but why not buy in a hot neighborhood so that chances are you are going to get appreciation too in addition to a very safe haven for your dough? Shoot, if principal preservation was of key interest, surely buying a place in Pac Heights would have been the better move than a place across from projects, no?
Again, fair enough, but why buy in a city where the property taxes are fairly high (that eats into your dough) and frankly if left unoccupied for too long, you have a better chance of attracting homeless or squatters? Your example house is a good one, in a suburb sub-division, where very few people will notice or actually even be around.
