Skip to main content

Signs of neighborhood/city decline?

Seattle area resident here. Suburbs south of Seattle specifically.

I've noticed one of my rentals I've owned for 8 years, is in an area that I feel is declining. Are these reliable signs in your opinion?

-The grocery store used to be safe and clean. Now there are aggressive panhandlers by the dozen at each door, and it's not uncommon to see employees confronting a shop lifter (one of those panhandlers) in the store...

-There are a fair amount of rentals on my block. And the house is a block away from a ghetto apartment complex that seems to have more and more hoodlums walking through the area.

-Gang graffiti is more and more common.

-There are few restaurants and shops. We have one major employer in this city with a small office building (Boeing).

I'm considering selling the rental before the area declines more. They did build a new school in place of the dilapidated one finally, but in general, the area seems to be going down hill IMO. Would you agree or are there other metrics/signs to look at? The population grows, but the area just becomes more ghetto and Detroit like each year. You can really tell when you drive through the area vs another city across the freeway that has shopping, restaurants, and a much more vibrant and safe environment.

submitted by /u/RemoteDesktop
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/kmtd7a/signs_of_neighborhoodcity_decline/

Comments

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/

Making offers on houses not listed for sale.

I want to buy a home for retirement. I am looking at lots of options, mostly focusing on the locations that appeal to me. I see lots of Zillow estimates of homes that look like great deals to me. Are these estimates accurate, even though similar houses in the same area that are for sale are usually priced much higher? If so, is it realistic for me to try to make offers to owners that do not have their homes listed? Would a realtor even consider helping me do this? Or, do these values indicate that the houses listed for sale are overpriced, and I should just lowball until someone accepts? Are houses today tending to sell far below list prices, or ??? submitted by /u/chewybrian [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o4mcon/making_offers_on_houses_not_listed_for_sale/