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What neighborhood? I've been looking but NYC real estate just seems hella expensive and bubbly. So you're living there too?
by thebiglebrewski 10y ago
What neighborhood? I've been looking but NYC real estate just seems hella expensive and bubbly. So you're living there too?
- mancerayder 10y agoBed Stuy. I'd look there, Bushwick, eastern Crown Heights, Ridgewood, and similar neighborhoods with quick travel to Manhattan and near trendy areas. Bubbly? Maybe, but if your rental income covers or can cover the mortgage then it doesn't matter, is my rule of thumb, it's a great deal. The city has 500k more inhabitants in between 2000 and 2010, rent has only one direction to go given scarcity of housing - - while mortgage costs are fixed! I figured land had to be a good idea to own given that. Crime is more of a concern at the moment, I think the investment is solid.
- thebiglebrewski 10y agoHey, that's really awesome. I'd really love to hear more about this from you personally! I live in Crown Heights right now. Would you be willing to maybe grab a coffee sometime? If so shoot me a message at zachfeldman at gmail!