I feel like someone wrote this before but deleted it but would the counterexample be Baltimore? Perhaps Montreal?
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Bmore? I would've thought 1960 onwards but the data I found since 2000 painted a picture of rising prices that surprised me. Here's population Baltimore:pic.twitter.com/AJbiBXg4fL
Ok, interesting. I think it's still possible for Baltimore to have been a mediocre or bad investment. You had to be in the right area (whereas for most other cities like it you did not) and it's notable that wide swathes of the city are abandoned including parts with good bones.
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So it sounds like old cities with good bones, once they reach a critical mass get real price appreciation unless: - Over-concentrated industry fails (Detroit) - Tax-payer flight to the suburbs (baby boom) - White flight (crime hits critical mass) - Volcano (Pompeii) - Others?
Thanks. Twitter will use this to make your timeline better. UndoUndo
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There's a lot of building in cities all over America right now both with and without good bones on the assumption that all of them will gentrify like NYC has. I'm unsure if they or Baltimore will work. Hard to imagine commercial real estate doing well next 5 years in general.
End of conversation
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