Does Real Estate Investing Revitalize Neighborhoods?
So My friend @Dawn Anastasi
just posted a story: http://www.biggerpockets.com/forums/311/topics/201...
about rough neighborhoods in the US and it got me thinking. I know that in the roughest neighborhoods you have a hard time spending money on rehabs and still making a good return with vacancies and maintenance as well as keeping equity in the house. I have heard that investing around the edges of the rough neighborhoods can help though. You bring in cash in the places where it's needed and provide quality housing while enforcing the rules. So you have a decent ROI and in theory you help out the neighborhood. So my question is: do you believe that real estate investing helps revitalize neighborhoods? In other words, are we like a for-profit Habitat For Humanity or is that just dreaming?