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