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Updated over 5 years ago,
When your investors can’t see your vision!
Hello BP,
I live in a market (Boston) where the hype is high. Prices are sky rocketing, priced are too high and the tycoons are taking up every sq ft for complexes and condos. I mean everywhere.
There is major opportunities in towns/cities less than an hr away. Boston is only 48 sq mi with a 13k person per sq mi density. Boston is also #1 in congested traffic in the US.
Most of the Boston area does not have the rules (1%, 50%, 70%). Properties are too high. I do see a correction happening.
Now cities like (Worcester, Fall River, Providence etc.) have properties that pass all rules and have lower priced multi family properties that will soon go up because the Boston population density.
Also can’t forget gentrification, buyers are pushed to the cities and towns above.
Question is; Why are some investors blind to potential properties and areas instead of competing in a brutal market?
Thank you BP