Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Philadelphia Real Estate Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
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,

User Stats

428
Posts
479
Votes
Jimmy O'Connor
Pro Member
  • Real Estate Agent
  • Philadelphia, PA
479
Votes |
428
Posts

Impact of the homeless encampment reallocation in Kensington

Jimmy O'Connor
Pro Member
  • Real Estate Agent
  • Philadelphia, PA
Posted

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?

  • Jimmy O'Connor
  • Loading replies...