Can Pittsburgh sustain east end market rates

[Andy Ballester]

I am curious to know what investors think about of the east side market, and the new market on the east side of Pittsburgh, what does it mean for the future of Pittsburgh considering the fact the household medium income has only risen slightly over the last few yrs, I know new companys are investing in Pittsburgh such as Google, Amazon,etc. And medium house hold income has risen slightly. But east end nieghborhoods, property values, and rental rates have almost doubled in the last 7 to 8 yrs areas such as Lawerencville have quadrupled. Lots of new money going into East Liberty, Friendship, Bloomfield, and even Garfield, no one would even of dreamed about paying 1000$ a month for a 2 bed 1 bath in Garfield or East Liberty 7yrs ago. What does it mean for the changing of nieghborhoods, Market rents have not decreased and have only slightly risen in nieghborhoods such as Shadyside, Squirell Hill, etc. and what does it mean also for the poor who use to live in these nieghboorhoods and being forced out, and depreciating existing nieghborhoods. 10 yrs ago Carrick was not a bad place to live and now propertys are selling at 30 to 40% of what they sold for 10 or 15 yrs ago, because of crime and people being forced further away from the city. So I guess what the basic question is can Pittsburgh sustain these new markets and what does it mean for existing nieghborhoods beside these nieghborhoods and further from the city, To me things seem to be more of a gamble, then the stabilty you have seen from Pittsburgh in the past. Is Millvalle now the old Lawercville. Is Troy Hill the Old North Side. I really cannot see Arsenol School being in Lawercville in the next 5yrs with market rent and all the single hipsters taking over the community. Do they get forced to Spring hill, Etna, Millvalle. Question and thoughts about where Pittsburgh is headed and direction of nieghborhoods what goes up and potentially what is going to go down.??????