inwood ( is it up and coming?)
Started by tokigami
over 18 years ago
Posts: 5
Member since: Jun 2007
Discussion about
as an investor where do you guys think inwood will be in 5 years? or maybe even 10 years? im thinking about buying and holding some 2 bedroom condos, what do you guys think?
i think you should just say no.
Inwood has come and gone. It never took off nor will it.
I mean even If i buy a place that is worth 350k, get 50 k cash back at closing in repair credits, and then use that extra monet to hold me off for 3 years, you guys dont think the property will increase in value?
No...it's over forget about Inwood...
Our place had appreciated 100K in 18 Months when we sold it recently.
I would say that Inwood is on the rise.
To say that a neighborhood in Manhattan will "never take off" reeks of a hidden agenda, or is just plain stupid.
Rents had almost doubled in some buildings, particulary in Cooper street and North West.
Irving.
Just say no.
Given its distance from prime manhattan I don't think Inwood will ever "take-off". Yes the neighborhood should see appreciation on a five year time horizon but this is not the next Chelsea or Tribeca that needs to just clean up a bit.
Southern Harlem is probably better positioned to see a value pop. Much better places to invest then Inwood.