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Updated almost 3 years ago,
Which beach city has the best chance of appreciation in 10 years?
Hi guys,
I'm looking to invest in a property with the following criteria:
- It has "beach city" weather. I might have to live in this property for a few years first, and I *hate* hot weather. Looking for city where summer weather doesn't go above 80. So that includes Long Beach, San Pedro, Lomita, Seal Beach, Wilmington, Lomita, Westminster, etc.
- It's a city that's relatively cheap (i.e. not Palos Verdes or Huntington Beach) but is the fastest among up-and-coming beach cities in terms of gentrification . i.e. the area is continuously getting safer and the HHI of the neighborhood is getting higher for the next 10 years.
I think based on my criteria Long Beach should be top of the list. But if there are other cities that you think also fit into this criteria I would love to know. Thanks!
tldr: I want to invest in a home in a city with beach city weather that also has the most potential for gains due to gentrification in the next 10 years.