Do you invest in these areas?

[Taylor K.]

Hi Guys, 

Is there any Pittsburgh investors buying in Charleroi, Monessen, Monongahela, etc. What about areas in Westmoreland County like Jeannette or Latrobe?

[Jerry Kisasonak]

Out of these areas I'd say Jeannette and Latrobe are the better of the lot. Latrobe being the best of them.

We see homes in Monongahela, Donora, Charleroi, etc all the time in the 10-30K range and some are in decent condition. But in my opinion these areas are more trouble than they're worth, and I don't see much light at the end of the tunnel for them in terms of recovery. Remember, just because you can buy the house very cheap doesn't necessarily make it a good deal. There are plenty of other areas that have more signs of life where you can still find great deals. Not that these other areas will definitely see appreciation, but at least they look like they'll stay relatively vibrant/populated moving forward.