Posted By: alicecooper
Kensington Ave Philadelphia Real Estate, explain? - 08/03/23 05:24 AM
The mob technically must have supplied a good amount of drugs into this area over the years, so I'm putting this here because I don't know where else to ask.
Seeing the YouTube videos of people walking Kensington, and just...wow. so I looked on Zillow at those properties. They range from about $50,000-150,000 for 800-1,600 square foot buildings. Some are total shitholes, many have new floors, etc on inside.
How can anyone down there get any monet at all together for a property? And if they can, why would they buy there? Why wouldn't they get further out. Even if it meant renting vs buying.
Is the entire real estate market along Kensington all fueled by taxpayer money to renovate, flip, and then backing new buyers? It doesn't seem like a street that has a reason to exist, let alone invest in.
Seeing the YouTube videos of people walking Kensington, and just...wow. so I looked on Zillow at those properties. They range from about $50,000-150,000 for 800-1,600 square foot buildings. Some are total shitholes, many have new floors, etc on inside.
How can anyone down there get any monet at all together for a property? And if they can, why would they buy there? Why wouldn't they get further out. Even if it meant renting vs buying.
Is the entire real estate market along Kensington all fueled by taxpayer money to renovate, flip, and then backing new buyers? It doesn't seem like a street that has a reason to exist, let alone invest in.