Here's the question of the day:
Do you think it's possible to purchase an investment property and give a shit about the neighborhood where it resides?
I'm confident that this property will be snapped up by some suburban investor who will soon renovate the building and rent it out.
If past behaviors are anything to go on, the units won't be market rate.
That may or may not be a good thing.
The building next door to this one was beautifully renovated the renters are seemingly good neighbors.
The scuttlebutt is that some if not all of the units are subsidized.
In the scheme of things, who gives a fig if the units are subsidized as long as your neighbors are decent people.
Some would say that building is an anomaly.
Perhaps the owners or property managers exercised proper tenant screening.
Whatever the case may be I will tell you this.
I'm tired of the fortunes of this neighborhood being tied to the whims and wishes of other people.