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20 May 2024 | 5 replies
This indicates robust demand for moderately sized homes, likely driven by middle-income families and professionals.Zip Code 28305: While the focus in 28305 has been on larger, more luxurious homes, the substantial overall price increases and affluent demographics suggest potential niche markets for high-end, smaller homes, such as luxury townhomes or condos designed for downsizers or small, wealthy families.Affordability does not equal smaller-sized housing: Demand for affordable housing has not directly correlated with smaller housing, which can be seen by 5+ bedrooms increasing by 30.10% YoY in 28304.
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21 May 2024 | 25 replies
My go-to-flooring was tile, but now luxury vinyl. 8.
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17 May 2024 | 4 replies
Unfortunately, I don't have the luxury of waiting out the 90 days since the seller needs the cash soon and I need the deal.
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16 May 2024 | 8 replies
It is also a great place for flippers to make some $$$$$$.Demographic SnapshotPopulation Dynamics: Higher populations in zip codes 13208 and 13210 suggest a vibrant rental market, whereas 13224’s higher median income points to the potential for luxury real estate investments.Age and Housing Needs: The younger demographics in zip codes 13204, 13205, and 13210 indicate a need for affordable, compact living spaces suitable for young singles and new families.Age DemographicsGen Z is actively moving to Syracuse, NY:https://www.localsyr.com/news/gen-z-is-moving-to-major-cities-including-syracuse-why/This migrational data is supported by search terms for jobs at Amazon being up 900% YoY:KeywordAvg. monthly searchesYoY changeamazon jobs syracuse ny500900%amazon careers syracuse ny500900%Market Analysis and Rent TrendsRental Scene: There is a stark contrast in rental prices across the zip codes.
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17 May 2024 | 1 reply
Or are you going after 250 unit luxury downtown apartments?
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20 May 2024 | 177 replies
Even more of a reason you should re-consider investing in luxury, Class A investments at this time.
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16 May 2024 | 5 replies
For flipping, I don't do it a lot, I flip one at a time in class B neighborhood (HOA neighborhood) where I build semi luxury houses.
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13 May 2024 | 12 replies
Well, I wouldn't say I had prior experience but had the luxury of being around "old-school" investors.
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14 May 2024 | 201 replies
Not luxury or high-end but, nice finishes and in up-and-coming neighborhoods.
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14 May 2024 | 2 replies
For shared living spaces, durability should often take precedence over luxury to minimize the need for constant repairs.