Re-gentrification

[Adam Roberts]

Team - a question pops up as I'm marketing, learning my farm area, and in general driving for dollars every time I get in the car..... First, I notice the obvious - in general neighborhoods take on the look and feel of their socio-economic and demographic constituency. In addition, I notice that in a lot of distressed neighborhoods, there lacks a good trend in re-sale or comps in general over a 3 to 6 month period (in a greater zip code that has just under 2 months of inventory).

Two questions come to mind -

1 - At what point does the re-gentrification of a neighborhood start (what investor(s) take the first "dive"?)

2 - While the individual "deals" in the neighborhood look great, overall the re-sale data of the 'hood suggest otherwise, am I correct in saying these aren't really good deals then?

Finally, any good stories on neighborhood re-gen? I know some folks have been doing some of this in the Austin/Houston area of Texas.

Thanks,

Adam