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The "moneyball" move is buying land right before the mass transit extension is completed and the neighborhood develops: http://en.wikipedia.org/wiki/MAX_Orange_
by akgerber 12y ago
The "moneyball" move is buying land right before the mass transit extension is completed and the neighborhood develops:
http://en.wikipedia.org/wiki/MAX_Orange_Line http://en.wikipedia.org/wiki/MAX_Orange_Line
But this is a really fun article on how to use open-source GIS tools to do something practical, which is something I've wanted to delve into for a while— I'll try it later tonight, thanks!
- jweir 12y agoYeah, Governor Christie's brother likes that strategy. "Governor Christie's brother invested in real estate near new PATH station in Harrison" http://www.northjersey.com/news/governor-christie-s-brother-invested-in-real-estate-near-new-path-station-in-harrison-1.667498 http://www.northjersey.com/news/governor-christie-s-brother-...
- akgerber 12y agoIt's only problematic when you're doing it before the extension is public. Likewise, property on Second Avenue on the Upper East Side of Manhattan has been cheap lately, because blasting out subway stations is unpleasant. But a new subway coming to an area that was recently relatively far from one means property values are shooting up.