Post 6 Almost Weekend, New Year, guys come on! Today we will talk about a little bit…
Original publication date on the United States Real Estate Forum on Facebook:
2019-01-03T04:19:49+0000
Post 6
Almost a weekend, a new year, guys come on! ?
Today we will talk about a slightly different way of finding good areas for investment
At least today if I look back is the way it worked for me even though I didn't know it was what I was looking for and when I try to look at places with the same motifs it seems that it can work anywhere in the US and not just in New York.
If you ask most investors how they look at a region, everyone will tell us that according to the level of schools, unemployment, crime, and other things that sound very clear.
But how do you get to the area before it's good and healthy? How can you see this happening?
Because in fact an area with all its factors probably good would be a more expensive area.
In both the buildings I bought and other places I checked in the US and even if you look 10 and 15 years back there is something interesting, follow art, follow artists, hippies, tidal communities, etc.
Sounds delusional right?
So that's not it!
In every very developing area that I personally know the first to move to the area were young guys, hipsters, artists, proud communities.
These groups have something interesting that is common to everyone, they are relatively cohesive and attractive to each other!
Williamsburg, Bushwick, Bedford Stevesent, Clinton Hill - New York, South Loop - Illinois, Winwood - Florida, Jersey City - New Jersey, Deep Elm - Texas.
Go and try to buy property today in these places and compare what was there only five years ago !!!
The problem is that five years ago if you did the usual surgery like we mentioned, unemployment, crime, schools, etc., you wouldn't dare approach these places.
So right, I do not have exactly a way to tell you what to look for or which site to find it but if you can follow the character of the audience I mentioned above and go to visit the area or even through Google you will suddenly open neighborhood cafes where young people sit there all day Working in general so this is exactly the place you are looking for!
Take Moshe Mana, in Israel you know his brother Roni more than his brother.
Moshe Mana became very rich in America through his moving and storage company Moishes, a few years ago a unique project called Mana Contemporary started, the first was in Jersey City plus Chicago and Miami.
One day I read an article by an insolent Israeli reporter (in the good section, the Americans would never ask such questions) and the reporter simply said to Moses, "By the way, what do you have to do with art?"
You can not tell me that suddenly it's so interesting to you and you've decided to pour millions of dollars on such a project.
Mana answered with the utmost sincerity and said he has hundreds of thousands of square feet of real estate in the Jersey City area and he did this whole project to bring the area's artist population and interest in the area so that real estate prices go up in the future!
More friends, get out of the box, open eyes. Not everything comes on a silver tray with numbers data!
The responses to the post can be read at the bottom of the page and join the discussion
Lanor Daniel
I wonder how in Israel you can identify developing neighborhoods in cities that attract young and gay artists. What principles can you try to identify? Take, for example, Givatayim, Petah Tikva, Kiryat Ono
Classic law, you can see how in Tel Aviv artists moved from the center to Florentin and when he went to Shapira and now hope and mermaid. The artists have a vision and no money
Totally agree. I had a house like this the broker told me it was a difficult area but there is one small street segment that started to settle in. Artists and he recommends that the house cost me 16 and a half thousand dollars. I sold it for two years at 33 a thousand because I needed money. House Cantanto but cute instead of the Institute. In the United States in general, artists' colonies do produce hype, but they have to be very close to the pulse.
Wow very interesting…
Ben Lerner Gal Hindi Moshe Katzir
What you wrote theoretically is true but you need some kind of inner information to know that a proud artist community is attracted to a certain area before me. As an agent who has lived for many years, it is hard to know if you are not connected to these groups but you have given a point to an interesting thought
Really worth what you wrote, and written clearly and interestingly
Thank you
I never thought about it. Thanks!
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Matan, you write charming. A fascinating post