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nougat98 t1_jea3wft wrote

Reply to comment by ell0bo in [Inquirer] Census data shows Philadelphia population drop in 2022 by _crapitalism

here's a perfectly good house for $89k. You could make $18k a year and still pay the mortgage. https://www.zillow.com/homedetails/2511-N-Patton-St-Philadelphia-PA-19132/10313712_zpid/

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nnn62 t1_jea7rn9 wrote

Perfectly good house in one of the worst neighborhoods in the city.

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Away_Swimming_5757 t1_jeaklb6 wrote

Perfectly good house to buy, rent out cheaply until the area eventually gets better over the course of the next 30 years and then have a cheaply acquired, high cash-flow property.

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AbsentEmpire t1_jec1t97 wrote

Buying a house in that neighborhood and hoping to rent it for a profit is as much market speculation as investing in NFTs and about as smart. The way to do land speculation in these shit areas is buy a tear down, clear the land, and pay almost nothing in taxes on it for the next 20 years, which is what usually happens.

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