Harlem Real Estate

chu

Dec 2009
20
0
Just wondering what you guys all think of Harlem Real Estate? Do you think that Harlem is a good place to buy. It is nevertheless a part of Manhattan, right? And all Manhattan real estate should be pricey as there is a limit on how much land it has.
 

myp

Jan 2009
5,841
50
This one I can better comment on (than the London real estate question.) With the housing market as it is, an investment in real estate in most parts of the country right now would have to be a long-term play. Prices are low right now, so it could be a good time to snatch up property if you have the capital (unless of course you think that property values will still go lower before they bounce back, in which case you'd want to wait.) Personally, I think that housing prices are currently higher than should be due to government propping up the market (when will they learn :p) just as they did in the bubble that led to this mess. Whether they will actually fall is another story though because the government could just end up blowing up another bubble and with the way policy currently is, I wouldn't be surprised.
 
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