I am unwilling to gamble 20 years of slow and steady building for a shot at a quick profit. 

My parent's home is across the street from an elementary school, and it has since become an extremely valuable place to live.High schools are more of a gamble.

John, there have been many issues with Ocwen, mostly related to inept short sale processing with their off shore operations, but there is no intentional plot to scam you on your loan.

They are gambling purely on price appreciation and they are doing it BIG TIME!

They were followed by other out of area investors then the Off shore investors started getting marketed to and you have seen a big influx of AU GB CA CH SING  those folks invest turn key.

To me, that's the same logic - you may eventually sell the house as a FSBO, but do you really want to take the gamble that the carrying costs on a FSBO won't exceed the realtors fees?  

Account ClosedThat sounds more like speculating/gambling - I am not looking to do that.  

I got into a fantasy football pool with my real estate agent and he self appointed himself as the treasurer and held $480 to pay out the winner. I won the championship and he now owes me $280 and has not paid me in tw...

Low quality assets in okay locations throw off cash flow (sometimes) but generally do not have long term appreciation or high quality dirt value for redevelopment in future years.Some areas do have massive transformations but those are big gambles over time.

So I guess what the basic question is can Pittsburgh sustain these new markets and what does it mean for existing nieghborhoods beside these nieghborhoods and further from the city, To me things seem to be more of a gamble, then the stabilty you have seen from Pittsburgh in the past.