Impact of the homeless encampment reallocation in Kensington

[Jimmy O'Connor]

For those of you new to Philly,  when the DNC came to Philly, the city had a massive campaign to combat the homeless issue (see this video from earlier this year- https://philadelphia.cbslocal.com/video/3433777-ph... ). As a summary, the majority of the homeless population was reallocated into one area, Kensginton. As a result, the city as a whole, was cleaned up but at the expense Kensington, which saw an influx of drugs, garbage, and homeless encampments.  

The City of Philadelphia is now addressing this issue and plans on a multi-armed plan to disperse the poverty and hopefully see a drop in the concentration of drug use and crime in that area starting January 2019 (see this article from October- https://billypenn.com/2018/10/18/kensington-homele... ).

I'm researching that area now in hopes that it will slowly shift into it's Northern Liberty Neighbor. What are the thoughts on acquiring low cost/section 8 REI to buy/hold as the crime, culture, and policy shifts? Who is already there?

[Mary B.]

Originally posted by @Jimmy O'Connor:

For those of you new to Philly,  when the DNC came to Philly, the city had a massive campaign to combat the homeless issue (see this video from earlier this year- https://philadelphia.cbslocal.com/video/3433777-ph... ). As a summary, the majority of the homeless population was reallocated into one area, Kensginton. As a result, the city as a whole, was cleaned up but at the expense Kensington, which saw an influx of drugs, garbage, and homeless encampments.  

The City of Philadelphia is now addressing this issue and plans on a multi-armed plan to disperse the poverty and hopefully see a drop in the concentration of drug use and crime in that area starting January 2019 (see this article from October- https://billypenn.com/2018/10/18/kensington-homele... ).

I'm researching that area now in hopes that it will slowly shift into it's Northern Liberty Neighbor. What are the thoughts on acquiring low cost/section 8 REI to buy/hold as the crime, culture, and policy shifts? Who is already there?

If you are hoping for the meth mania problem to shift entirely from Kensington to Northern Liberties, sorry charlie. Fact being there are way more thriving small businesses in Northern Liberties. there will always be a nice chunk of Frankford-Kensington sections dedicated for intense riff-raff.  that's exactly why the city transferred them from downtown to Kensington of all sections, lol.

the clinics that us taxpayers will be forced to pay for won't really cut back on the drug users. its basically giving them a clubhouse to get high at in various major cities. remember its not an orderly habit so even with the clinics(which will have rules) the users will still frequent the streets(panhandling etc) because they don't follow rules. that's the drug life and that's the reality of the situation.   

if you can get your hands on a sizeable(2000sf on average) corner spot/lot around there a.s.a.p. that would be great on the profit side to flip when they come looking for locations to build those clinics. My coin.

Kudos,

Mary