Buying in Atlantic City

[Hal Thompson]

There is a lot of distressed property in Atlantic City. This strikes me as a town that has artificially low real estate prices due to government capture by the casino industry. As the casino industry stranglehold on the town loosens, does this mean that the city becomes more appealing for investment? After all, there aren't a lot of shore towns where prices are as low as Atlantic City...

[Adam Anderson]

I think Steven is spot on here,  The lack of jobs is the killer in AC and its defiantly nowhere close to Vegas.  While its a shore town, its not a family vacation destination and almost all other NJ Shore towns are better for this type of vacation.  Crime is high and many areas are not safe, its truly a depressed area.  If you are looking for an upcoming NJ Shore town check out Asbury Park.  You wont find the same pricing but its an improving area and there are deals.  The town was depressed then hit by hurricane Sandy but its recovering and developers are  moving in.  Its not far from the wealthier counties in northern NJ as well as NYC and becoming more of a popular weekend and weekly vacation area.  I know a great lender who is also an investor/owner there who I can introduce you to... if you are interested PM me