Philly, Next -- Next Neighborhoods
Interested to hear some Philadelphia resident opinions. My wife and I are looking at relocating there in the next couple years. Ideal situation would be to buy a place that's a little outside a 'Good' area, but could be close to a change.
Near a SEPTA subway stop.
Foreclosure or bad interior is fine.
Want to rent it for a bit, and then maybe make a move.
I realize I am looking for rehab gold here, but I am just interested in the hunches of some locals. We are in NYC at the moment. When you ask someone what is 'Up and Coming' they usually name a neighborhood that is hugely priced out already. Your average person takes up and coming to mean 'Every landlord imaginable has already invested in the area.' Philly seems to be similar, up and coming really refers to what was up and coming years ago.
Longtime resident investors will keep their eye on what makes sense for the future.
Thanks