Two EXTREME "zones", side by side

[Sam Leon]

I have heard the term "war zones" used here from time to time. What is the opposite of war zones?

I wonder how many of you have been around neighborhoods where one switches to the other within a short distance. There are many such mixed neighborhoods down in South Florida. War zones, but three blocks down, you have million dollar homes.

One such extreme is in Fort Lauderdale. Here is one street.

To the right of this street are expensive homes, in the 500K, 600K range, they are water front homes along the river. You can see parts of sailboats docked behind them.

Now if I turn and look to the left, same street, you have these apartment homes.

If you look close enough, EVERY window has holes in them. I don't know if they were caused by bullets or baseball bats.

I do know these are NOT hurricane damages!

[Jeff Greenberg]

It looks to me like there is an opportunity there. Get the apartments at a low price and reposition the tenant profile.

What does the rest of the area look like?