Louis, Missouri, as a chemical company. He funded the firm with his own money and capital from a soft drink distributor. He used his wife's maiden name for the company.
Searching for deals in Compton. What does it take to gentrify a market in Southern California? A few of the emails in all seriousness pointed out that a Starbucks and new shopping center have sprung out of the ground like a palm tree and hence, a six-figure price appreciation is now worth it.
Forget about the lower incomes in these markets or the quality of schools or the fact that families are packing in tightly like sardines just to make rents.
Somehow, the fog of gentrification is taking hold of every market equally. Yet the only people I see even remotely thinking about buying in these markets are investors and that is to rent out. There are deals to be found for those willing to take on the vanguard of gentrification.
One such area is Compton. Every week I get updates on properties that are priced at non-L. Let us take a look at what we can find in the market today. We might even find something that is up your alley.
You get a massive bang for your buck in this area. We hear this argument about justifying high prices the same arguments made in and County, and central to Taco Tuesday baby boomer delights. Compton fits the bill on all fronts. Yet when value is pointed out, we begin to realize that housing is priced at the margins.
At any given time, only a few homes are up for grabs. In boom and bust California, a tiny recession can tip the scales one way. In the same light, a boom like the one we are in can go the other way. Yet momentum is fickle in this market. Inventory seems to be picking up as some are looking to cash in their crap shack lotto ticket.
Let us take a look at our first home: A bargain for central L. Be a true hipster and take that plunge into a gentrification dream. Let us look at another property: What I love is that someone bought this place in January of this year and is trying to make money with what seems to be just raw momentum of the market: This highlights the ridiculousness of SoCal.
There was some upping and lowering of prices all the way until February of Here are shots of this place: Garbage can photography is back! But apparently, there are enough lemmings buyers out there willing to dive in. I know there are some aspiring gentrification mavericks out there.
After all, everything gentrifies after some period of time. Is Compton primed for some hipster gentrification?Published: Mon, 02 Jul Buyer Behavior for Consumer Market.
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