Originally Posted by danwxman
Gas prices will surely help drive investment in the city, but I wonder how many people will consider moving into the city after all the negative press Midtown has gotten lately. There are a LOT of homes for sale in Midtown, at least 2-3 on each block! I wonder if these are people cashing out on the market right now or moving out because they are tired of the city....some of the homes have been sitting on the market since last winter.
For example, a few months ago there was one listing on Reily street....now after walking down the street yesterday there are five homes for sale just between 2nd and Third.
I think it is a lot of cashing out. They are seeing prices that the new places are getting and wanting that for their places. I looked at a place in Midtown about a year ago, and they were asking about 20k over the property value and didn't budge on the price at all. They finally found a sucker to buy it full price. Many of the properties for sale on Reily and other streets are part of the Green Street Properties and the WCI houses for sale. They bought a large number of houses revamped them and are reselling them to gentrify the area.
I think they caught most involved in the Midtown incidents, and don't worry; the Patriot News doesn't have that large of a readership. The incidents will quickly fade from memory.
I think they should put a unified facade on the building.