Philadelphia Real Estate Forum
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 6 years ago,
Impact of the homeless encampment reallocation in Kensington
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?