Happy Sunday, friends! Have you been enjoying fall? We picked so many apples last week that I baked three pies this week. It’s fun delivering baked goods to friends. On a more serious note, anyone watch the Democratic debate? Anyone have a big assignment at work? How about midterms? I hope all is going well with you. Did it snow by you yet? In Burlington we had sleet for a few minutes. Yikes! Maybe your Sunday morning is filled with coffee, pie, and some quiet time for reading. Or a good adventure? What are you up to?
Cheers!
I have been part of the gentrification of two neighborhoods in Atlanta–East Atlanta and Westview. I put myself through hell initially–break ins, random gun fire, loud music–but in the end it has paid off. I made quite a bit of money on both my houses but the price was high, besides the aforementioned, I worked like a Hebrew slave improving my houses and neighborhoods. Gentrification means more peace and quite, safety, better maintained properties, and an increase in my property values.
Hi Chad,
Interesting! Yes, gentrification definitely makes life better for a lot of people. Safety. Cleanliness. Pride of place. All good in my book. The problem is that gentrification often raises property values – and therefore rent – of some hardworking people who can no longer afford to live in that area. It’s a shame that one usually brings the other. Know what I mean? Maybe we’ll come up a solution. Affordable housing is such an important issue!
I think there should be some type of tax break for elderly folks who are no longer of working age, but I was working as a bus boy when I lived in my first house and I was grateful for my rise in property value. I made a lot of money on that house so I didn’t feel priced out at all. And if you keep your nose clean and can save up for a modest 2% down on a house it is easy to get a house loan, you just have to be willing to move into an area with low house value. I put $800 down on my first house in 1998 and paid $40,000 for it. There are lots of opportunities out there.