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re: Buying a first home

Posted on 11/18/14 at 12:01 am to
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
65920 posts
Posted on 11/18/14 at 12:01 am to
quote:

I think it's actually "you want a bottom third house in a top third neighborhood" I think I heard it that way.

Not specifically agreeing or disagreeing with you but it certainly isn't the worst house in the neighborhood.

I've done the nicest house in a neighborhood trick, I knew it going in and there were mitigating factors. But it was not good at the end. I know folks who have done the worst house in a neighborhood trick, in a slow market it is doubly bad and can hurt the rental possibilities. Admittedly, in a medium or brisk market it can be OK.

This post was edited on 11/18/14 at 12:03 am
Posted by hungryone
river parishes
Member since Sep 2010
11987 posts
Posted on 11/18/14 at 6:59 am to
Forget Lakeview...wildly overpriced. I'd be looking for a double or house w apartment in the university area. You'll pay, but the future investment potential as a student or faculty rental is much more stable in the long term. Something like this: LINK
Already has a 1br/ba downstairs, with space to expand. Offstreet parking. Walking distance to Tulane/Loyola.
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