Counterpoint: Conditions were just like this in DC 7 years ago, and tons of people bought these dilapidated 350k row houses, put 150k into fixing them, then sol

Counterpoint: Conditions were just like this in DC 7 years ago, and tons of people bought these dilapidated 350k row houses, put 150k into fixing them, then sold them a few years later for 750k+ because demand in the city kept growing. It's not a strategy I'd bet on myself, but it has worked in many cities in the (recent) past.