Properties near NGA Build out (St. Louis)
How can I analyze the future potential for a buy and hold in a depressed area that is getting a massive build-out/influx of money from a government project (national geospatial agency campus)? Are there deals to be had in situations where a rough area is getting an influx of people?
Hey @Anthony Fresta, sounds like you are asking for a crystal ball 🤪 I'd love to have one as well.
You could look at average appreciation for a specific market over the last 15-20 years and use that. If you are asking specifically what appreciation impact will the NGA have on a specific neighborhood, I do not think anyone can answer...
It's a bit of a gamble but it seems reasonable to think the NGA will bring some appreciation to neighboring homes. How much and when?! No one can tell you.
I would also reach out to local property managers or realtors and ask if they have seen an impact and what their thoughts are.