Submitted by Rich_Bullfrog_3005 t3_10jhcst in Newark
dengeist t1_j5kll0m wrote
It’s going to happen to all wards eventually. Once people realize the size of homes in the south and west wards and the prices drop back down to reasonable levels, you’ll see it take more shape. The south ward could benefit from a light rail to Weequahic park. That would speed things up drastically.
It’s already happening though. If you look on a site like Zillow or Redfin there isn’t much stock in Newark at all. Nobody that knows Newark is going to pay 450k for a house on S. 17th street. Someone is buying houses.
ahtasva t1_j5lzfww wrote
Weehawchic and Clinton hill will be last . Lower Broadway and Roseville will be first. Eventually it will all gentrify just like JC.
sutisuc t1_j5n5nwu wrote
Weequahic isn’t nearly as bad as some of the spots in the west ward. Especially the areas on the hillside border and near the park
Sumo_Cerebro t1_j5kw5u7 wrote
Great ideas!
Newarkguy1836 t1_j5skmy4 wrote
That someone is corporations that are buying the homes up to rent them. All over New York you see signs on telephone poles advertising "We'll buy your home"
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